Trading Made Simple | Page 2367 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #47,321
  • Dec 19, 2014 12:28am Dec 19, 2014 12:28am
What a day. 3 Trades taken yesterday.. EA GA UCAD.. No luck all BE. 3 Trades taken today. Couple of time adjusted the BE.
Attached Image (click to enlarge)
Click to Enlarge Name: what a day.png Size: 110 KB
Sad i'm not trying to understand PA
  • #47,322
  • Dec 19, 2014 12:31am Dec 19, 2014 12:31am
Hi Emmanuel,

Quoting emmanuel7788
I made some comments on your trade chart becasue I see that as a very good H1 trade which fulfils the 10 things which I look at when I trade. Also that trade is exactly what eelfranz wrote in his post#261.
Thanks for your comments and input, I really appreciate it especially coming from you.

H1 trading is a new area for me and it has been working out fairly well so far. The main factor I am trying to implement now is setting realistic TP level and keeping the SL small.

I hope you enjoyed your vacations!
  • #47,323
  • Dec 19, 2014 12:39am Dec 19, 2014 12:39am
Quoting omonisha
What a day. 3 Trades taken yesterday.. EA GA UCAD.. No luck all BE. 3 Trades taken today. Couple of time adjusted the BE. {image}
Better BE than a loss
i'm also in GJ long. got in at close of 4h candle after it broke the high from last night
i do have a good feeling about this one lets see how many greens we can bring out of this one eh

Greenb
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 67 KB
Daniel
  • #47,324
  • Dec 19, 2014 12:44am Dec 19, 2014 12:44am
Quoting Greenb
{quote} Better BE than a loss i'm also in GJ long. got in at close of 4h candle after it broke the high from last night i do have a good feeling about this one lets see how many greens we can bring out of this one eh Greenb
You are right better BE then loss. Sorry my chart shows the 1H chart. AJ and EJ my trade entry was also on the break of 4H pullback candle.
Sad i'm not trying to understand PA
  • #47,325
  • Edited 1:07am Dec 19, 2014 12:45am | Edited 1:07am
Quoting mary4x
I'm in San Diego, and the first thing I do in the morning (after starting coffee) is check for SJ's latest posts. If he ever stops posting on TMS, my mornings will be off to a shaky start. I've got to work on confidence in 2015...
LOL! SJ looks out for us all and teaches us heaps ... its unthinkable to imagine TMS without SJ!
  • #47,326
  • Dec 19, 2014 12:57am Dec 19, 2014 12:57am
Quoting omonisha
What a day. 3 Trades taken yesterday.. EA GA UCAD.. No luck all BE. 3 Trades taken today. Couple of time adjusted the BE. {image}
Hi omonisha, I really like the way you just bounce back after a set-back - you never let the market get the upper hand - congrats on great trading mate
  • #47,327
  • Dec 19, 2014 1:02am Dec 19, 2014 1:02am
Quoting mk5
what usually happens after ABCD is formed?
Hi mk5, you have to look @ it in context of the Big Picture. So for example have a look @ AChf D1 TF - we have a ABCD but the CD finished @ W1 support so expect a change of trend (theres other EWT reasons but i wont bore you mate)

Actually - i would be taking that D1 long if i was a day trader (...but im not, so i wont...)
  • #47,328
  • Dec 19, 2014 1:17am Dec 19, 2014 1:17am
Quoting griffinssoul
{quote} Hi omonisha, I really like the way you just bounce back after a set-back - you never let the market get the upper hand - congrats on great trading mate
Not much luck mate. Guess i have reduce my TP as it is year ending. GJ already out BE. AJ EJ not looking nice , pulling back
Sad i'm not trying to understand PA
  • #47,329
  • Dec 19, 2014 1:21am Dec 19, 2014 1:21am
Quoting omonisha
{quote} Not much luck mate. Guess i have reduce my TP as it is year ending. GJ already out BE. AJ EJ not looking nice , pulling back
Thats what I did yesterday - took EA & GA for 30 each - watching PA very closely - there were about six trades i spotted @ LO but took the two best as i saw it - they all would have given some green pips actually (b/w 30-50). Forget about pips for the moment - you can tell a great trader by the way they handle bad situations and you are a great trader my friend
  • #47,330
  • Dec 19, 2014 1:26am Dec 19, 2014 1:26am
good evening everyone, I'm not seeing many setups tonight, PA seems pretty choppy on the pairs I trade, maybe a possible short on gbp/chf but waiting for confirmation, anybody seeing anything that looks good?
  • #47,331
  • Dec 19, 2014 1:35am Dec 19, 2014 1:35am
Quoting wyley187
good evening everyone, I'm not seeing many setups tonight, PA seems pretty choppy on the pairs I trade, maybe a possible short on gbp/chf but waiting for confirmation, anybody seeing anything that looks good?
...looks like LO+1... trade safe
  • #47,332
  • Dec 19, 2014 1:38am Dec 19, 2014 1:38am
Quoting griffinssoul
{quote} ...looks like LO+1... trade safe

I was just thinking that it looks as though LO will be for the counter trend traders and possibly set something up for the trend traders at the NYO. Any thoughts?
  • #47,333
  • Dec 19, 2014 1:44am Dec 19, 2014 1:44am
Quoting sknight1
{quote} I was just thinking that it looks as though LO will be for the counter trend traders and possibly set something up for the trend traders at the NYO. Any thoughts?
Roger that sknight1 - i will be watching PA @ LO but looks like it will need a bit of time to show its hand...
  • #47,334
  • Dec 19, 2014 1:45am Dec 19, 2014 1:45am
Quoting griffinssoul
{quote} Hi mk5, you have to look @ it in context of the Big Picture. So for example have a look @ AChf D1 TF - we have a ABCD but the CD finished @ W1 support so expect a change of trend (theres other EWT reasons but i wont bore you mate) Actually - i would be taking that D1 long if i was a day trader (...but im not, so i wont...)
thanks buddy. !
  • #47,335
  • Dec 19, 2014 1:48am Dec 19, 2014 1:48am
Quoting griffinssoul
{quote} Roger that sknight1 - i will be watching PA @ LO but looks like it will need a bit of time to show its hand...

Thanks for the feedback. It's nice to know I'm not just imagining things on charts.
  • #47,336
  • Dec 19, 2014 1:49am Dec 19, 2014 1:49am
Quoting griffinssoul
{quote} Roger that sknight1 - i will be watching PA @ LO but looks like it will need a bit of time to show its hand...
not the nicest PA ive seen thats for sure, I actually think I'm going to take next week off, I got burned pretty bad last year xmas week, but then again I wasn't using this system.....
  • #47,337
  • Dec 19, 2014 1:50am Dec 19, 2014 1:50am
Quoting griffinssoul
{quote} Hi mk5, you have to look @ it in context of the Big Picture. So for example have a look @ AChf D1 TF - we have a ABCD but the CD finished @ W1 support so expect a change of trend (theres other EWT reasons but i wont bore you mate) Actually - i would be taking that D1 long if i was a day trader (...but im not, so i wont...)
looks like a double top forming at 1H
  • #47,338
  • Dec 19, 2014 1:51am Dec 19, 2014 1:51am
Quoting sknight1
{quote} Thanks for the feedback. It's nice to know I'm not just imagining things on charts.
...nothing else for it but sit and watch...
  • #47,339
  • Dec 19, 2014 1:52am Dec 19, 2014 1:52am
Quoting wyley187
{quote} not the nicest PA ive seen thats for sure, I actually think I'm going to take next week off, I got burned pretty bad last year xmas week, but then again I wasn't using this system.....
Next 4 W1 are light trade mode for me ...
  • #47,340
  • Dec 19, 2014 1:52am Dec 19, 2014 1:52am
Quoting griffinssoul
{quote} ...nothing else for it but sit and watch...

Now there's something that I AM good at.

Actually, it's 2am my time so, I may just skip London, get some sleep, and come back at NYO.
44 traders viewing now, 1 is registered: