Disliked{quote} Good morning everyone, Erelation, Here is a picture of our trade on the gbp/usd from yesterday. Just thought I'd post it up so everyone could analyze the trade. Worked out pretty good I thought... sj {image}Ignored
Ray
Trading Made Simple the right way, and other trading lessons 333 replies
Monitor for 'Trading Made Simple' system 563 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
Disliked{quote} Good morning everyone, Erelation, Here is a picture of our trade on the gbp/usd from yesterday. Just thought I'd post it up so everyone could analyze the trade. Worked out pretty good I thought... sj {image}Ignored
Disliked{quote} Good morning everyone, Erelation, Here is a picture of our trade on the gbp/usd from yesterday. Just thought I'd post it up so everyone could analyze the trade. Worked out pretty good I thought... sj {image}Ignored
Disliked{quote} Hi, Your are welcome. eelfranz taught us TMS can be traded in all timeframes. X-Man trades his S3 on H1. LE1 trades M15 using his 10EMA/50EMA/200EMA and 800EMA. I learned from them all over past many years here in FF. my approach remains the same, taking a view from top down and knowing when market is in consolidation, I either wait for the next breakout or go down to lower TF and trade. Look at MN and see how the market traded around 0.8100 {image} Then on D chart we see a Master Candle which, to me is consolidation until I see the next...Ignored
Disliked{quote} Thanks SJ for your reply. I took the GBP/USD after news this morning @ 1.557 and still in currently....see where I end up. RayIgnored
Disliked{quote} Fxray, Good...Now would be a good time to take your profits & run. See my daily chart sitting on s/r. Congrats sj {image}Ignored
Disliked{quote} Fxray, Good...Now would be a good time to take your profits & run. See my daily chart sitting on s/r. Congrats sj {image}Ignored
Disliked{quote} Fxray, Good...Now would be a good time to take your profits & run. See my daily chart sitting on s/r. Congrats sj {image}Ignored
Disliked{quote} Thanks, Griffinsoul! Trailing stop got hit at 2.00879 (+50 pips). Trading is over for today.Ignored
Disliked{quote} Hi SJ, ...yep, this is what i was thinking 10M ago... LOL! Spot-on technically, but also the greed factor over-rides everything - if you are not greedy you will go far in this game...Ignored
Disliked{quote} With my broker, That is the least number of pips that I can trial this pair ..... I'm still learning Emm ... Bear with me ..... I'm observing both BRN ... yet to come near 200 MAIgnored
Disliked{quote} You might have a second look at that, I was with my first broker for a while before I realised the minimum trail was actually 20 points not pips, it was a bit embarrassing so I didn't tell anyone.Ignored
Disliked{quote} Closed out @15517 - that will do for this year. Your right greed will destroy an acount RayIgnored
Disliked{quote} Congrats fxray - judging from your post above you managed that extremely well... The reason SJ teaches us not to be greedy is because he has no doubt seen many [good] traders go under from it...Ignored
Disliked{quote} Hi Griffinsoul, In the past find a re-entry is something i have struggled with and this was one of the first I felt I had got mostly correct on entry...so fingers crossed it is somethting I can build upon. Had realised with Christmas fast approaching any trade today was riskier. Looking forward to next year now. Happy Christmas to you, SJ and all the other great teachers/traderrs on here RayIgnored
Disliked{quote} ...i really like your 'lucy money' strategy based on partials. Sometimes these will workout an you can gear up to the next TF. Keep going, you are doing great!!!Ignored
Disliked{quote} Congrats fxray - judging from your post above you managed that extremely well... The reason SJ teaches us not to be greedy is because he has no doubt seen many [good] traders go under from it...Ignored
Quoting griffinssoulDislikedi could see that setting up the question was do i chance a break-out given that i have 80pips for the day and my answer was NO - why - too greedy for the holiday period...Ignored
Quoting griffinssoulDislikedNever think you set your TP too lowIgnored
Quoting griffinssoulDisliked(there will always be scenarios were the TP could have been bigger) - always think of it as a successful trade otherwise even your wins will becomes loses... a bad state to be in for your mindset...Ignored
Disliked{quote} Griffinssoul, You are right Our platform goes from 1 minute to 5.15.30, 1 hour, 4 hour & daily charts. But their are systems out their that go: 1 second, 5 second 10 second & 30 second with very low spreads. That's what the high speed traders are using... We need to take the 80% of the meat out of a trade & let the top 10% & bottom 10% go to the high speed traders with different systems. You only need the 80% of a trade to make a really good living. The other 20% is just pure risk to us. We don't have the system to compete with them &...Ignored