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Trading Made Simple the right way, and other trading lessons 233 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

Hi guys hope all is well.
Eurusd i closed out early and lost.
Currently took a trade on usdjyp as a buy, again some movement to the resistance but with the usd being week it could push through, took 2 buys and 2 different profits levels one being at the first ristance 2nd profit at the next resistance.
Any feed back welcome
Cheer
Craig
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Quoting irishcraig09
Hi guys hope all is well. Eurusd i closed out early and lost. Currently took a trade on usdjyp as a buy, again some movement to the resistance but with the usd being week it could push through, took 2 buys and 2 different profits levels one being at the first ristance 2nd profit at the next resistance. Any feed back welcome Cheer Craig {image}
I don't trade the D1, only observation.
Where is stoch for direction?
TDI cross taken at the right level, angle above 2
Look left:
- order placed in a consolidation area. Did you check for any S/R level's close by? You might not reach TP due to that fact.
- chased a long bar.
- For a D1 entry the trade is placed very late. Try and get the trade in at the beginning of the D1 candle
Keep it Simple
Quoting irishcraig09
Hi guys hope all is well. Eurusd i closed out early and lost. Currently took a trade on usdjyp as a buy, again some movement to the resistance but with the usd being week it could push through, took 2 buys and 2 different profits levels one being at the first ristance 2nd profit at the next resistance. Any feed back welcome Cheer Craig {image}
USDJPY Mar 29

Amazing 170pips move yesterday... a lot of Greed and Fear. Be careful with carry trades.

Do you have the holding power to see buyers up to 108.00 and 108.50 region?

We have the Holy Week holidays ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Trading the Daily chart timeframe:

see these two old posts below.

Quoting eelfranz
Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....

Quoting eelfranz
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...
If you are considering to trade the D1, you have the super long weekend ahead and do your back-tests of all your currency pairs and decide on your Money Management strategy and your Entry and Exit strategy.

When you do back-testing,

(1) first thing to do is count the number of D1 trade opportunities on the D1 for the last 5 years 2013 to 2017 or further back if your broker provided the history data. Do this for all the currency pairs you want to trade.

(2) count the range of the swing (in pips) from your TDI cross for entry to exit.

(3) count the number of wins and losses, and know the market conditions for every win and loss.

Have fun!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Hey there, Emmanuel7788. I noticed your appreciation for Dr. Tharp’s teaching. I recently took his Peak Performance 101 in February. Currently looking for active Super Traders. If you don’t mind, I would like to pick your brain on what he teaches. My email is { email address deleted by staff }. Thanks for your time and keep up the great work!
Quoting onejester
I have never known it so quiet! You guys must be cleaning up, at last...?
no-- since the jumping jacks popped up we don t share too much...
Risiko birgt immer auch die Chance!!!
Yes, you are right. Now excuse me as a new trader while I go off, evaluate and:

(1) Count the number of D1 trade opportunities on the D1 for the last 5 years 2013 to 2017 or further back if your broker provided the history data. Do this for all the currency pairs you want to trade.

(2) Count the range of the swing (in pips) from your TDI cross for entry to exit.

(3) Count the number of wins and losses, and know the market conditions for every win and loss.

And finally count my losses (as an old man), because the market has moved and my available lifetime has expired.

'sexual chocolate'
'in less than half an hour he made over 100 ticks'
Quoting irishcraig09
Hi guys hope all is well. Eurusd i closed out early and lost. Currently took a trade on usdjyp as a buy, again some movement to the resistance but with the usd being week it could push through, took 2 buys and 2 different profits levels one being at the first ristance 2nd profit at the next resistance. Any feed back welcome Cheer Craig {image}
Hi Craig

I suggest Googling 'how to trade with market structure'. Then practice what you have learned on a 1 min chart whenever you have time.

You can replay markets with Ninjatrader or Sierra charts.

Don't risk real money until you have test traded for a time that suits you, and you have more money into your account than when you started.
'in less than half an hour he made over 100 ticks'
Quoting onejester
{quote} Hi Craig I suggest Googling 'how to trade with market structure'. Then practice what you have learned on a 1 min chart whenever you have time. You can replay markets with Ninjatrader or Sierra charts. Don't risk real money until you have test traded for a time that suits you, and you have more money into your account than when you started.
Hi onejester
Thanks for the advice and will google that. Always willing to learn new stuff to help myself become a better trader.
Cheers
Craig
Quoting emmanuel7788
Trading the Daily chart timeframe:

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Quoting emmanuel7788
GBPAUD 6 Nov H1 trade. Good H1 setup with H4 potential. Details on chart below. {image}
Hi emmanuel7788,

I am looking for the tdi alert with arrow, can you share yours to me?

tnx
Hi emmanuel7788,

pls check your post at this page, that is the tdi i need,

https://www.forexfactory.com/showthr...1622&page=2166

if someone else can share to me, very thanks too!
Bad day to trade but a setup is a setup

Buy CADJPY - Price has taken supply in a area of high liquidity and is now moving ahead.

There is resistance in 15 pips so I expect price to range around this area today and move up tomorrow.
I am just getting in early in between finishing off my Easter Eggs.
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Trading thin liquidity at the boundary of the charts
With most markets closed for Easter, expect low liquidity.
Best thing to do is preserve your trading capital and stay at the sideline and watch.
But if you want to practice, do it in the lower timeframes like H1 and M15.... only very short term trades.
A few pairs with good 'TDI slope'...


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For 4H swing traders, we look at the Weekly and Daily.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
this sounds to be really realistic and profitable system for new traders to wet their feet in forex water.
Trade the news
Quoting EuroNews
this sounds to be really realistic and profitable system for new traders to wet their feet in forex water.
The thread mod is no longer here. there is nobody to support you here.

https://www.forexfactory.com/showthread.php?t=708441, would recommend strat's thread.. you'll learn the basics.. Price action and trend.
It's in fear when people show what they truly value.
Quoting haohyip
Hi emmanuel7788, pls check your post at this page, that is the tdi i need, https://www.forexfactory.com/showthr...1622&page=2166 if someone else can share to me, very thanks too!

tdi pro with arrow alerts

click ...

download

set the alert / arrow in the indicator parameters.

Be warned!
DO NOT trade the arrows on the TDI.
Look at the Price Action of the price bar (Bar chart) with the APB/HA candles in the background.
Do Not trade when the price is in a consolidation zone/area.
When you trade the reversal, make sure there is price action at a key support or key resistance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
EURUSD Week 14 Apr 05

I have been following EU for weeks and its has been sideways range trading for many days and weeks, now looks like first sign of bearishness the last few days.
Too early to start selling unless you are selling with MEME positions and your Stop Loss (Cut Loss) is above the Weekly using 2-Bars Look Back.
Yesterdayy we saw the D1 traded below its 10EMA after re-testing during intraday. The W1 10EMA is swing pivot and closing below it is good for next week.

I see 1.2200 as nearby support and if PA breaks that psych level, it can move lower to my target region 1.2050.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting EuroNews
this sounds to be really realistic and profitable system for new traders to wet their feet in forex water.
Trade the Trend of the Moment:

when you pick the timeframe you want to trade and trade the trend of that moment, you are more likely to make some money.
but you must know how to trade with Price Action and the consistent use of Support and Resistance.
There are a lot of things you need to learn about the markets and what is Price Action trading in Trading Made Simple 5-Method.
If you know what the 5-Method is, you should know how, where and when it originated, you are on the right track.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting eelfranz
Remember that not everyone sees the market and TDI the same way you do... {image}
old post:

Remember that not everyone sees the market and TDI the same way you do...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
9 traders viewing now, 4 are members:
cerox
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Simple-man
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GreatKMK