Attached are a couple of screenshots of three trades taken so far this week using the simple rules of TMS.....two of them on the H1 time frame set-ups per rules I discussed in a post last Sunday (100 pip TP on the cross of green over red and stochastic agreement).
Due to low volume, the first trade early Monday morning only earned +19 pips & was stopped out by the 25 pip trailing stop. If I had been monitoring the screen, I would have taken profit earlier. This morning, the second trade went for the full 100 pip TP. For the third trade, also this morning, I dropped down to the M15 time frame and took a short trade after PA failed to break the 4500 level and the TDI gave a solid entry signal. That trade was also taken per the rules set out by Big E (entry at the beginning of the second candle on the M15 chart). I closed that one before the EU news release for +71 pips.
This system is truly "Trading Made Simple"! Of course, to succeed we must learn to be disciplined to take only the trades that are AAA set-ups. We each must learn to properly manage lot size and stop losses because it is impossible to avoid losses. If you can master those things, the rest is just mechanics. I still have difficulty with wanting to jump in and out of trades (especially M15 or M5 time frames) but my account suffers when I do. I am done for today until London session. The mechanics of this simple system work!!!
Due to low volume, the first trade early Monday morning only earned +19 pips & was stopped out by the 25 pip trailing stop. If I had been monitoring the screen, I would have taken profit earlier. This morning, the second trade went for the full 100 pip TP. For the third trade, also this morning, I dropped down to the M15 time frame and took a short trade after PA failed to break the 4500 level and the TDI gave a solid entry signal. That trade was also taken per the rules set out by Big E (entry at the beginning of the second candle on the M15 chart). I closed that one before the EU news release for +71 pips.
This system is truly "Trading Made Simple"! Of course, to succeed we must learn to be disciplined to take only the trades that are AAA set-ups. We each must learn to properly manage lot size and stop losses because it is impossible to avoid losses. If you can master those things, the rest is just mechanics. I still have difficulty with wanting to jump in and out of trades (especially M15 or M5 time frames) but my account suffers when I do. I am done for today until London session. The mechanics of this simple system work!!!