The Certified Zen System

Quick buy on the USDCHF. Applying the new methods I learned. Conservative on the profit but worth it nonetheless. You can see that one of the candles closed above the 32 EMA High and that marked my entry. I also applied new tactics that I will be talking about over the next couple days but in the mean time, you will have to wait....

Sell on the EURUSD, vice versa to the USD CHF.

P.S. If things are still unclear to you, you may ask questions

just moved stop loss to break even on the EURUSD which is still going strong. USDCHF already out with profit.

How I used TRADING MADE SIMPLE WILL COME OUT SOOON

EUR out with profit. Got eyes on the GBPNZD next. A lot of good trade setups this week. Trying to get in before the market closes tomorrow.
140 pips yesterday.
The market sure gave me a warm welcome back.

Is the EURUSD trade on another account? I didnt see it on the trade explorer.

nope, it was on a different account

Hi

Where can I find that Stochastic indicator with the 3 time flame you are using.
Thanks

i dont understand which stochastic indicator?

cool

Hi

I mean the Indicator in the Lower (2nd) indicator window, on which the (8,3,3) stoch was overlaid. It is showing (TMS-osc Histo 3TF(H4, D1, W1)

Thanks

hmmm, I don't use that anymore but I can definitely link it to you. Go to the "Trading Made Simple" thread and download the template given in the first post. It will give you the indicator. Cheers

Don't remember if I've told you guys this but I use three EMA's. The 34 High, Low and Close.

When price closes above the HIGH, I look for buy setups and when it closes below the low I look for sell setups.

Just a quick tip.

P.S. My thread gives me weird problems when posting pics. I post them and then they get removed for some odd reason. That is why I am unable to post a lot of pictures to show you guys. Apologies.

god it annoys me when trades stay negative for a LOOONG time before coming positive. Whatever, took profit on the AUDCAD. Price closed above the 34 HIGH EMA, TDI green line crossed above market base line nicely and the current stochastic was upwards as well.


Don't know why it went negative at first, but oh well, atleast I made some pips.
Fingers crossed with the picture. Hope it doesn't disappear

Made a mistake by taking too many trades this week. I'm used to trading with a high efficiency but this week I just took way too many trades. I should wait for perfect setups. Would've avoided a couple losing trades but doesn't matter, we learn and move on. Zen Style.

Here are two recommendations for trading pullbacks, no matter which pullback strategy one uses.

1) Use a confirmation entry. Instead of entering at the close of a signal bar or the open of the next bar, enter on a takeout of the high of the signal bar (for longs) or low of the signal bar (for shorts). The confirmation entry provides more evidence that price is likely to move in your direction. You will be surprised at how many bad trades you avoid by using this.

2) On average there are three pullbacks in a trend. Some trends have one and others may have eight or more, but the average is three. This applies to any liquid market and any timeframe. The first two pullbacks in a trend are your best opportunities for profit, the first one being better. After the first two pullbacks, the move becomes obvious to the crowd and the likelihood of trend continuation diminishes. You might consider limiting entries to the first two pullbacks in a trend.

No. 1 I have used religiously for many years on all trades in all markets. No. 2 I am always aware of, and greatly favor the first two pullbacks in a trend.

Here is the good news: You can become a consistent trader by simply using an ma and an oscillator. ZenTrader is totally on the right track. The ma describes trend and the oscillator tells you when a pullback is close to being exhausted. Combine these with the confirmation entry described above and you are on your way.

Best trading to all

thanks for the input man... definitely some things that everyone should keep in mind.

The AUDCAD is an example of the perfect TP level. Price hit it, pulled me out with profit and then dropped like crazy

this week was a war and the market just came out on top. Made some bad decisions but learned a lot of lessons. Time to regroup and get ready for next week.

ill keep you updated.
P.S. Highlight of the week. EURAUD, made 120 pips. Just a way to keep a smile on the face
Stochastic had a beautiful downward movement and similar for the TDI.

I'm sorry to hear that zen. You should check in more on my thread. This week I made over 8,000 pips. Great week for me. 3,000 pips were posted on thread. Trading and new born kept me from posting a lot. Next week should be an exciting week. Look for huge sell offs of yen pairs. Good luck

appreciate it man, and yeah definitely. I'm hoping to bounce back after a relatively tough week.

Tough week? You must not be trend trading. This week was easiest in months. Lot of straight up and straight down.