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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #73,201
  • Nov 10, 2016 9:26am Nov 10, 2016 9:26am
Quoting saranga
usdcad hit 68pip emu thank for thank very much u and catalin_eros and griffinssoul. my trading now good more study follow this 3 member {image} {image}
Excellent saranga!

Happy with you success.
It's in fear when people show what they truly value.
  • #73,202
  • Nov 10, 2016 9:32am Nov 10, 2016 9:32am
Inserted Code
[url="http://www.forexfactory.com/showthread.php?p=9245742#post9245742"]Quoting saranga[/url]
usdcad hit 68pip emu thank for thank very much u and catalin_eros[url="http://www.forexfactory.com/griffinssoul"] and griffinssoul[/url]. my trading now good more study follow this 3 member {image} {image}
Excellent saranga!

Happy with you success.
thank my friends
  • #73,203
  • Nov 10, 2016 9:45am Nov 10, 2016 9:45am
cadjpy shot 3 entry 76 pip
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  • #73,204
  • Nov 10, 2016 11:46am Nov 10, 2016 11:46am
Quoting malmal1985
{quote} london open have many fake signal , please advice how to soft out them? thanks you
that's simple, there are no fake signals because we do not trade based on signal.

we trade price action and use of support and resistance. when there is setup seen price action at support/resistance and the RSI or TDI confirms that there is price momentum, we trade.

pick only the best A+++ setups to trade.

do your own back-testing by looking at history charts and then do forward testing in live market conditions. this is the best way to learn and to learn to trade.
trading is made to look simple and easy because we are all deceived by winning trades posted everywhere. the hard truth is there will be many losing trades. you will get more losers than winners. if you can achieve and maintain a consistent 50% win rate, you will make money when you know what money management strategy can do to help you make money.
let the market teach you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,205
  • Nov 10, 2016 11:47am Nov 10, 2016 11:47am
Quoting saranga
cadjpy shot 3 entry 76 pip {image} {image}

well done.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,206
  • Nov 10, 2016 11:53am Nov 10, 2016 11:53am
Quoting rovingmutt
newbie here, i hope to learn from everyone here, i like what i see so far, friendly, simple to understand etc.., i will be reading all post and using on my demo acct thanks rovingmutt

Hi,

welcome to this thread.

this old post may help you get up to speed with us here. make sure you read all of our late OP's posts here in FF.

http://www.forexfactory.com/showthre...14#post9184914

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,207
  • Nov 10, 2016 11:59am Nov 10, 2016 11:59am
Quoting PackRat22
audusd Long entry target 1 hit 7727 (Emms high Target) missed my 2nd target by 7pips and bailed trade just in time for the following drop Still 1.3% combined Trade {image}

that took LONG time to reach those target levels ..

but watch how SHORT time it took back down after reaching those levels.

Now we know why we call Buy as LONG and Sell as SHORT.

that's advance trading with WRB Analysis.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,208
  • Nov 10, 2016 12:02pm Nov 10, 2016 12:02pm
Quoting PackRat22
{quote} Missed that reversal and missed my stop by 4pips (lucky). About to move stop to BE and consider taking profit as stalling at 1hr 200EMA (4Hr 50EMA) Update I accidentally closed trade (went to change profit $ to show pips and hit X), so will have another look tomorrow {image}

target 1.5125 and 1.5150 hit and now 'reverse' back down....

now it is in 'demand' zone again to get orders filled.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,209
  • Nov 10, 2016 12:09pm Nov 10, 2016 12:09pm
AUDCAD and NZDCAD D1 chart traders both holding longs well but we don't know for how many more days.

we shall see when the next major move will be ahead of us.

maybe Elliot Wave expert can share their view on the next wave.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,210
  • Nov 10, 2016 12:16pm Nov 10, 2016 12:16pm
Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last...

Big E was right about many things he posted.

this below he said:
<Look at the candles on the last reversal... big, little, what>

what was he saying about big,little candles?
what is the significance of big,little candles?
what shall we do when we see big,little candles?
I search all over and read all his posts and training charts again and again, but did not find any answers. Anyone found answer to that?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,211
  • Nov 10, 2016 2:54pm Nov 10, 2016 2:54pm
Quoting emmanuel7788
{quote} that took LONG time to reach those target levels .. but watch how SHORT time it took back down after reaching those levels. Now we know why we call Buy as LONG and Sell as SHORT. that's advance trading with WRB Analysis.
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It's in fear when people show what they truly value.
  • #73,212
  • Nov 10, 2016 4:21pm Nov 10, 2016 4:21pm
hi everyone , newbie here, i am trying set up mt4 with the 4 files from post #25, i am new to mt4 and am not sure where to put the tdi red green file.
thanks for your help
thanks to all who keep this thread going
rovingmutt

good pip hunting to all
  • #73,213
  • Nov 10, 2016 4:33pm Nov 10, 2016 4:33pm
I checked a lot of systems in this thread but finally I thing my way is focus in tms because the rules is simple and ihope one day can trade profitability
!!!!!!! If I lives in America I found Emanuel and I learn from he trade tms and me/me
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  • #73,214
  • Nov 10, 2016 6:08pm Nov 10, 2016 6:08pm
Quoting mortezakh
I checked a lot of systems in this thread but finally I thing my way is focus in tms because the rules is simple and ihope one day can trade profitability !!!!!!! If I lives in America I found Emanuel and I learn from he trade tms and me/me{image}

Hi mortezakh,

You are right. Trading can be made simple when the rules are few and simple to learn and to follow. You have found the 5-Method so I recommend you stick to this simple trend following trading methodology. Learn it, master it and add to it your own money management strategy. Big E lived in the USA and he traded for a few years and he had 6,000 hours of trading experience and he spent 2 years to develop this 5-Method together with his other method 21/233 Method.
To be profitable, you will need to spend at least 3 to 5 hours everyday for the next 2 to 3 years to learn many things about trading. To reach the level of trading like I have achieved you will need work very hard for many years. You need proper education and guidance to help your reach Peak Performance. You need to have a Blueprint for Trading Success and with a proper Road Map. Reading and learning from public forum such as FF will not make you into a successful investor / trader.
I don't live in the US but when you do have the opportunity to travel to the US, I do have recommendation for you to learn from one of the best mentor I have who guided me through the years. I am here to share with all my knowledge and experience. People can take what is of value to them and develop their own winning trading system.

Trade Well and enjoy the learning.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,215
  • Nov 10, 2016 6:17pm Nov 10, 2016 6:17pm
Quoting rovingmutt
hi everyone , newbie here, i am trying set up mt4 with the 4 files from post #25, i am new to mt4 and am not sure where to put the tdi red green file. thanks for your help thanks to all who keep this thread going rovingmutt good pip hunting to all

here is how you find the Data Folder in your installed MT4 platform.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,216
  • Nov 10, 2016 6:24pm Nov 10, 2016 6:24pm
Quoting ensale
{quote} {image}

your picture looks like sell, sell, sell, ... on rising prices, hoping and praying that it will fall one day when the market reach a 'key level'
.. but what is 'key level' in the market?
can 'key level' be determined by some indicator? in hindsight I can tell you what the 'key level' is for the reversal after that happened.
can 'key level' change with time? yes or no?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,217
  • Nov 10, 2016 6:32pm Nov 10, 2016 6:32pm
EURNZD Nov 11

I see the price action is at 'key level' BRN 1.5100 .
H1 is in a 'demand' zone collecting orders but we cannot see the orders and its volume.
H4 is obviously narrow range sideways .. consolidation. We do not trade when market is in CONSOLIDATION.
D1 .. is buy bias but that Nov 8 US election candle 675 pips was created by smart money.

Better thing is trade M15 for 50pips, grab and run is good for Friday trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,218
  • Nov 10, 2016 6:40pm Nov 10, 2016 6:40pm
emu how many time ago forex start u?
  • #73,219
  • Nov 10, 2016 7:17pm Nov 10, 2016 7:17pm
EURNZD Nov 11 Big Picture...

do you see the market's imaginary resistance?

also do you see the opportunity on your H4 chart?

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have your done your SWOT analysis.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,220
  • Nov 10, 2016 7:33pm Nov 10, 2016 7:33pm
Quoting saranga
emu how many time ago forex start u?

Hi,

I started trading the stock markets in 1980's. During my corporate career, my business had to do with principals in the US and Europe, therefore I had always had to know about the currency foreign exchange as we have to pay our principals based on USD exchange rates. My personal interest in forex started in 2002 and I only traded fulltime since 2007 i.e. after I decided to retire from my corporate career and become my own investor and trader.
based on this years of experience, I can safely say that if anyone want to trade for some income in addition to his/her full time jobs, you need to spend 3 to 5 hours everyday for the next 2 to 3 years. Forget about the idea to trade for a living. You need a good capital base to start with in the first place. Learn to love your full time job and keep that job because your job will pay the bills, pay the rental to have a roof over your head for your family, your children's education, etc.
Not so easy to make real money from this post forex market with your hard earned money. You need your own WINNING EDGE over the markets. Most people in public talk about having the edge in winning, but to tell you the truth, your winning edge is not in the trading method. And back to the same question I asked many times, When do you know that you have your own WINNING EDGE?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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