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Trading Made Simple

  • #45,001
  • Nov 26, 2014 8:53am Nov 26, 2014 8:53am
Quoting nods80
Had a great week in TMS. Took loads of pips from AUDCHF and GBPAUD. Big thank you to the thread. I also started a home course by Dr Van Tharp (7 principles of great trading & Trade your way to financial freedom) which has completely changed my view of the markets and how I approach it. Here's to a great future. I have a couple of questions though. Does anyone know of a way to view heikan ashi charts on a mobile or web platform? Does anyone here trade using spread betting because of the UK tax benefits? If so Is it worth it? and can you...
I use Oanda (metatrader) who also provide a mobile app that allows Heiken Ashi candles though not traded using it.
City index provide spread betting but have not looked into it personally despite the tax breaks
  • #45,002
  • Nov 26, 2014 9:02am Nov 26, 2014 9:02am
spot A rejection candle bounced off 200MA on UCAD H1 for +30 green
Attached Image (click to enlarge)
Click to Enlarge Name: UCAD H1 short Wed 26.11.14@7.34a est +32.png Size: 32 KB
Appreciation is the key to wealth and happiness
  • #45,003
  • Nov 26, 2014 9:05am Nov 26, 2014 9:05am
Good morning Tms,

As a position trader that trades "retracements & trends" when I look at the eur/usd,
even tho it is going up on the hourly chart/ 4 hour chart I would be looking for a possible short
trade. I would be watching for a short signal. Anything can & will happen but were
in a very strong trend to the downside. But hey...that's how I trade Tms.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 64 KB
Click to Enlarge Name: EURUSDH4.png Size: 68 KB
  • #45,004
  • Nov 26, 2014 9:05am Nov 26, 2014 9:05am
Quoting lorbax
Jumped LONG on GBPUSD on H1 chart... daily chart is BEAUTIFUL. I will try to maintain it and convert it to H4 and Daily ... It just did a +50 move, set my SL to BE+ a fart {image}
I doubled my position on GU at opening of H4 bar @15.00 (GMT+1)

Attached Image (click to enlarge)
Click to Enlarge Name: gu.PNG Size: 39 KB


I not only believe this is a very strong signal also on the daily chart, but also reckon that a structured money-management procedure is highly suggested to achieve the desired goals I would like to get in trading. It's a matter of degree of achievements ... in the beginning you can only care of 'one-entry' --> 'one-exit' , then to better optimize your resources, it's suggestable (not necessary at all costs!) to include some MM tricks...

My view is really simple and straightforward, I tend to not complicate my life with following every single tick, I tend not to care about news if I'm already in a trade (I only care if I need to enter in that same moment) - I trade what I see, I can't do more. - once I deeply understood this, I live a much more relaxed trading life.

Trading is not perfect science, it's more an art, and I try to become an artist, not a straight-lines drawer ... if it will go up a 'good' amount of pips, and I will feel satisfied by the amount of money, I will close one of the two trades, maybe raising the stops, maybe leaving it to BE... I don't know yet, I trade what I see

hope it's humbly useful to newbies, we've all passed through that moment, stay strong and don't ever lose the faith you can make it too!
Lorenzo
  • #45,005
  • Nov 26, 2014 9:14am Nov 26, 2014 9:14am
Just been stopped out on the G/A 102 pips in the green

Had a couple of bad trading ides on the N/U and lost 40 pips but mistakes are good as I can learn from them

thanks
  • #45,006
  • Nov 26, 2014 9:18am Nov 26, 2014 9:18am
Following up on my GA Daily trade

Trade taken shown on this post #44,896 , CM took the profits and stopped me out post #44,932 .
As, I just came back from work and saw the trade, GA hit my full TP (300 pips).

Attached Image (click to enlarge)
Click to Enlarge Name: Full Profit hit 300 pips.png Size: 281 KB


I'm satisfied with the trade because besides Cavemanager role in the trade other things went as planned, such as
1. Identifying the structure, support and resistance for daily
2. Initial entry
3. Putting the SL and 1st TP and full take profit

What need to be worked on ?
1. How to use the CM settings more efficiently
2. Whether to leave CM out and manually manage the trade with TP and SL

Please feel free to contribute if you have ideas. CM settings used for this trade can be found on post #44,896.

Kindest regards
  • #45,007
  • Nov 26, 2014 9:27am Nov 26, 2014 9:27am
Quoting snarlyjack
Good morning Tms, As a position trader that trades "retracements & trends" when I look at the eur/usd, even tho it is going up on the hourly chart/ 4 hour chart I would be looking for a possible short trade. I would be watching for a short signal. Anything can & will happen but were in a very strong trend to the downside. But hey...that's how I trade Tms. {image} {image}
Thanks for reminding SJ.
exited EU long on H1 for 30green
Attached Image (click to enlarge)
Click to Enlarge Name: EU H1 buy Wed 26.11.14 bounced off 200MA@8.03a est +30.png Size: 37 KB
Appreciation is the key to wealth and happiness
  • #45,008
  • Nov 26, 2014 9:28am Nov 26, 2014 9:28am
MrAussieFX,

I really like how you trade!

It worked like a charm, didn't it...

300 pips is great... That is how you get rich

sj
  • #45,009
  • Nov 26, 2014 9:30am Nov 26, 2014 9:30am
MrAussieFX,

I forgot to say, I don't use cave master or anything else.
All my trades are done the old fashioned way...by me!
  • #45,010
  • Nov 26, 2014 9:31am Nov 26, 2014 9:31am
Quoting MrAussieFX
Following up on my GA Daily trade Trade taken shown on this post #44,896 , CM took the profits and stopped me out post #44,932 . As, I just came back from work and saw the trade, GA hit my full TP (300 pips). {image} I'm satisfied with the trade because besides Cavemanager role in the trade other things went as planned, such as 1. Identifying the structure, support and resistance for daily 2....
Awesome trading aussie
Sad i'm not trying to understand PA
  • #45,011
  • Nov 26, 2014 9:36am Nov 26, 2014 9:36am
I think the secret to this whole thing is.

Make the most amount of money, with the least amount of risk,
and the least amount of stress.

That is my guiding light...(money available - risk - minus stress).
I tend not to take high risk trades. I'm old & conservative.
  • #45,012
  • Nov 26, 2014 9:37am Nov 26, 2014 9:37am
Currently waiting for a long signal in AUDCHF. Close to it's lower range on H4 and Daily. TDI starting to change direction and price close to S/R levels. Also looking for possible shorts in GBP/AUD and EUR/AUD

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF.PNG Size: 49 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,013
  • Nov 26, 2014 9:48am Nov 26, 2014 9:48am
Quoting snarlyjack
MrAussieFX, I really like how you trade! It worked like a charm, didn't it... 300 pips is great... That is how you get rich sj
Thanks SJ, appreciate it. Although, I did grab 128 pips on the daily due to CM and missed the overall 300 pips. The most important part was take the trade, leave it on and check when you can (9 -10 hours in my case). Stress free TMS trading.

P.S. Why don't forex factory have like and thanks tabs for the posts. It would be much easier to say thanks and like the posts and get them archived in your portfolio for quick reference.

Looking forward to shorting EN Daily tomorrow morning (9 AM AEST) when I get my new candle (NY close).

Attached Image (click to enlarge)
Click to Enlarge Name: 271114 potential Sell Opportunity Daily.png Size: 287 KB


Kindest regards
  • #45,014
  • Nov 26, 2014 9:58am Nov 26, 2014 9:58am
Looking great so far. Except 1 of my trades was a huge loss and I lost about half of my profit lol. Gotta work on the stop-loss. But other than that the strategy is working fine
  • #45,015
  • Nov 26, 2014 10:21am Nov 26, 2014 10:21am
MrAussieFx,

Forex Factory has rebuilt their forum platform at least 3 times
that I know of. They put things in & take things out. Who know's
why? I still think the original platform that I started with
worked the best...

Anyway the Daily & 4 hour charts are the cat's meow. If you can
get really good on those 2 charts, get your wheel barrow out!
  • #45,016
  • Nov 26, 2014 10:24am Nov 26, 2014 10:24am
Quoting snarlyjack
MrAussieFx, Forex Factory has rebuilt their forum platform at least 3 times that I know of. They put things in & take things out. Who know's why? I still think the original platform that I started with worked the best... Anyway the Daily & 4 hour charts are the cat's meow. If you can get really good on those 2 charts, get your wheel barrow out!
Cannot agree more!
And the combination of the two (such as transferring a H4 trade to D1) is a nuke bomb!

Attached Image

(pic taken from somewhere else on FF)
Lorenzo
  • #45,017
  • Nov 26, 2014 10:35am Nov 26, 2014 10:35am
Quoting lorbax
{quote} Cannot agree more! And the combination of the two (such as transferring a H4 trade to D1) is a nuke bomb! {image} (pic taken from somewhere else on FF)
forget the wheel barrow. I got my heart set on one of these.

Attached Image
Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,018
  • Nov 26, 2014 10:38am Nov 26, 2014 10:38am
Lorbax & Nods80,

All I can say is after trading Tms for 7 years now. It
has worked out very well for me

When I started out I didn't know anything about trading!
So I know first hand that all of this is possible and real...
  • #45,019
  • Nov 26, 2014 10:40am Nov 26, 2014 10:40am
juhuu , just reopened my notebook ,
emergency stop hit .. - 55 pips .

Gu and GJ still in , also opened 2 1/2 hours ago .
Some days are just bad days .. try to find a valid setup at the new d1 open ..
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFH4.png 26.11. - 55 pips.png Size: 37 KB
Risiko birgt immer auch die Chance.
  • #45,020
  • Nov 26, 2014 10:44am Nov 26, 2014 10:44am
What if you're bullish on the 4H but bearish on the 1D? I'm currently long on NZD/JPY and I have ran into this pretty often. Would that be a bad trade? I just set my Limit under resistance. Thank you for everything guys. This thread is awesome! I am currently at page 12. It cool to see the history of the system through the thread.
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