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Trading Made Simple 143,116 replies

Trading Made Simple the right way, and other trading lessons 329 replies

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Attachments: Trading Made Simple for Day Charts
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Trading Made Simple for Day Charts

Hi,

I would like to know if it is a bounce back or continuation trend, does the rules still apply?
Quoting Bluesky8635
EURJPY SELL 1- Divergence 2- Green & Red line running below Blue line 3- SUC body 4- Pend order triggered MM: ATR(7)=66, 2 orders (1% risk per order) SL=1.5-2ATR(7)=120pips TP1=120pips TP2=3ATR(7)=200pips when TP1 arrive, move SL to BE {image}
share your template and indicator
EURAUD SELL PEND

Entry TF : 4H
1- APB change color and closed below 7MA & Trend Line
2- APB body enough large
3- Follow the day trend
4- Made LHLL at the day chart
5- TDI not crossed, but I think it is not necessary

4H Chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H4 -20170818.png Size: 54 KB


Day Chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Daily -20170818.png Size: 65 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
Quoting frenchy.fx
{quote} share your template and indicator
Here you go
Attached File(s)
File Type: zip Indi&Template - BlueSky.zip   244 KB | 422 downloads
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
GBPJPY PEND SELL ORDER

Entry TF : D1
1- LHLL
2- APB change color
3- TDI crossed toward south

Weekly Chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Weekly - 2017W36.png Size: 58 KB

Daily Chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Daily - 20170908.png Size: 67 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
AUDUSD SELL

Entry reason:
1- APB change color and closed below 7MA
2- Make a lower factal
3- TDI crossed down
4- Divergence
5- Breakout the Uptrend line
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Daily -20170922.png Size: 57 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
Quoting Bluesky8635
AUDUSD SELL Entry reason: 1- APB change color and closed below 7MA 2- Make a lower factal 3- TDI crossed down 4- Divergence 5- Breakout the Uptrend line {image}
Exit AUDUSD Trade, the reason is:

1- near the support
2- Star bar yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Daily - 20170929.png Size: 50 KB


Waiting to continue sell if break out the support zone.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
GBPJPY SELL

Entry reason:
1-APB change color and closed below 7MA.
2-Break out the consolidation.
3-TDI crossed down.
4-The body of SUC is large enough.

MM:
1- Risk=1% per trade
2- TP1=1.5ATR(7)@147.8

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 55 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
AUDCAD BUY

Entry reason:
1- APB change color and closed 7MA
2- Support zone
3- TDI crossed up

MM:
1- Risk=1%
2- TP1=2*ATR(7)@0.9900
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADDaily - 20171013.png Size: 54 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
USDJPY SELL

Entry reason:
1- APB change color and closed 7MA
2- Resistance zone
3- Break out the Fractal lower and consolidation
4- TDI crossed down

MM:
1- Risk=1% per trade
2- TP1=1.5*ATR(7)@111.20
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily - 20171010.png Size: 56 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
EURJPY SELL

Entry Reason:
1- APB change color and closed below 7MA
2- Make a lower fractal
3- Break out up trend line
4- SUC body is enough large
5- TDI crossed down

MM:
1- Risk=1%
2- TP=3*ATR(7)@129.5
3- ER(Expected Reward)=1.22
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily - 20171016.png Size: 53 KB

Is it early to entry? What do u think about?
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
Hi, I am would like to know more about risk/money management.


I have my share of losses that amount to US$7.5K.

I really want to learn how to retrieve my losses back...
Quoting birdnest
Hi, I am would like to know more about risk/money management. I have my share of losses that amount to US$7.5K. I really want to learn how to retrieve my losses back...
Hi, birdnest

I am sorry to hear that. I have the same problem with you.

But I don't think what you really need is the money management.

Because you can look for the money management anywhere. and I think any strategy all include the money management.

What you really need is the DISCIPLINE, PATIENCE, PLAN, PRACTICE and so on.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 93 KB

Money Management

Sorry to Britpip7 for the attach which is from another thread here
Attached File(s)
File Type: doc Money Management rules.doc   26 KB | 310 downloads


hope help to you.

Best Regards
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
Thank you very much Bluesky8635.

I guess my biggest failure is my greed and as such the over leveraged trades. It is indeed a very tough journey about 3-4 years yet I still cannot be profitable.
Is there anybody still trading with this system??
hiya,


How is trading going on with this strategy?

Tnx
<3
Hi BP, Looking forward to you starting up again.

Best, AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
Here we go - getting back into it with this trade and back in with the day charts. Entered on the new day candle at 5:20 pm PDT - candle starts at 5pm. Left overnight with an initial SL of 220 back to last Low Fractal Low. ATR7 was at 164 pips, so SL @ 1.5xATR7 would have been around 250 pips. Now running with a trailing stop of 100pips - so 30 pips profit locked in. I will get Cave Manager running again so that I can set up for phased exits. 3rd window has the Bill Williams Awesome Oscillator with the 8,3,3 Stochastic overlay.
Closed for 100pips seeing as it was folding back on the H1 chart. No further entries for this week. Will watch for a re-entry next week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDDaily Aug 16 2-19.png Size: 60 KB
Click to Enlarge Name: GBPNZDH1 exit Aug 16 2019.png Size: 97 KB
"To live with Passion, it takes Courage and Grace to survive"
Quoting Britpip7
Here we go - getting back into it with this trade and back in with the day charts. Entered on the new day candle at 5:20 pm PDT - candle starts at 5pm. Left overnight with an initial SL of 220 back to last Low Fractal Low. ATR7 was at 164 pips, so SL @ 1.5xATR7 would have been around 250 pips. Now running with a trailing stop of 100pips - so 30 pips profit locked in. I will get Cave Manager running again so that I can set up for phased exits. 3rd window has the Bill Williams Awesome Oscillator with the 8,3,3 Stochastic overlay. Closed for 100pips...
Welcome back master.

Hope this thread can go further.

Best regards
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
Quoting Bluesky8635
{quote} Welcome back master. Hope this thread can go further. Best regards
Greetings Bluesky - how have you been?

I am very glad to be back on FF
"To live with Passion, it takes Courage and Grace to survive"
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