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Trading Made Simple

  • #96,721
  • Jun 18, 2019 3:23pm Jun 18, 2019 3:23pm
Today Mario Draghi kicked up a lot of dirt

Big day tomorrow Jun 19 New York session

I am going easy .... keep it simple, follow the Primary Trend if there is one... cut loss two weeks high or low ins all cases.


Have fun folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,722
  • Jun 18, 2019 3:33pm Jun 18, 2019 3:33pm
Quoting kette
look tdi, lucky {image}
And for sure you didn’t took the TDI cross over going short ;-)

The push upwards to the Dax happened as a result after the speech of Draghi today.

So if one of your rules says not to trade during or short before/after such important news events you should have skipped this TDI entry setup.

Anyways i know it’s off topic but I am also in Green pips with the Dax, but my buy positions are open since last Friday.
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  • #96,723
  • Jun 18, 2019 3:48pm Jun 18, 2019 3:48pm
Quoting lddd
{quote} And for sure you didn’t took the TDI cross over going short ;-) The push upwards to the Dax happened as a result after the speech of Draghi today. So if one of your rules says not to trade during or short before/after such important news events you should have skipped this TDI entry setup. Anyways i know it’s off topic but I am also in Green pips with the Dax, but my buy positions are open since last Friday. {image}

true what you say in things tdi, pivot 12096 was my entry tdi was a good signal for me
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  • #96,724
  • Jun 18, 2019 7:22pm Jun 18, 2019 7:22pm
EURCAD Week 25 Jun 19 D1 ...SELL

market type conditions sideways weekly range 128 pips

half risk in such ranging conditions, increase risk when there is break of the previous months low.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,725
  • Jun 18, 2019 7:41pm Jun 18, 2019 7:41pm
Quoting lddd
{quote} And for sure you didn’t took the TDI cross over going short ;-) The push upwards to the Dax happened as a result after the speech of Draghi today. So if one of your rules says not to trade during or short before/after such important news events you should have skipped this TDI entry setup. Anyways i know it’s off topic but I am also in Green pips with the Dax, but my buy positions are open since last Friday. {image}

when you follow the Weekly as your Primary (Dominant) trend your probability in winning is much higher and where there is market volatility like yesterday your SL below previous two weeks low will survive whatever the news reaction.

when price spike down, I build positions into to my basket and get an overall better entry price with 5 positions in one single basket all with proper risk management and use of position sizing. What if the market reverses after that Darghi speech, ...hmmm well cut-loss is previous 2 weeks low.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,726
  • Jun 18, 2019 10:06pm Jun 18, 2019 10:06pm
Quoting lddd
{quote} You know what’s he problem with that? The market condition is only visible to the past. You enter a trade because you think you are in the „right“ market condition but you don’t know how long this type of conditions stays the same and just after you placed your trade it switches it condition and you are screwed.
Hi Iddd,
I totally agree with you, all of our prediction is assumption. So we need an exit strategy to exit trade with BE or small loss/loss as a cost to learn/know as a normal business model.
SL is a type of exit strategy, when price hit SL, we accept it. We know we were wrong, and it is a cost to get information from the market and it's time to review our plan. So I often want to trade following Monthly/weekly trend with wide SL. Because when price hit my wide SL, it moved a significant run, and the information is clearer about reversal or trend change.
  • #96,727
  • Jun 19, 2019 12:01am Jun 19, 2019 12:01am
Quoting cpizzle
I love this thread. I am just coming on but I think trading can be very simplified if you know how to manage an account. I am currently longing USDJPY and i think this pair is going to continue to rise for the next month. But I will trade it in a way that if it breaks the support it is on it wont hurt my account
Hi Cpizzle
IMHO, UJ pairs still in downtrend with no color change on weekly. We have a narrow quite market condition. We know bearish momentum is weakening, but I don't see any bullish signal on daily chart so uptrend is not confirmed, maybe the price is resting and down trend move will go again.
If I can wait, I will wait for breakout of this range. And if I must trade, I will find sell signal from above of this range or the zone near EMA 200.
Thank you
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  • #96,728
  • Jun 19, 2019 1:18am Jun 19, 2019 1:18am
Hello everyone,

I just started trading by the Eelfranz way. I use demo to learn. Somehow i keep losing everyday.
Do any of you have some advice so i can turn my losses into profit.
I have read the first 200 pages of this thread and i see some great profits, is it me or are the markets very slow now?
I hope someone can give me advice
  • #96,729
  • Jun 19, 2019 2:16am Jun 19, 2019 2:16am
Quoting jeshnewbie
Hello everyone, I just started trading by the Eelfranz way. I use demo to learn. Somehow i keep losing everyday. Do any of you have some advice so i can turn my losses into profit. I have read the first 200 pages of this thread and i see some great profits, is it me or are the markets very slow now? I hope someone can give me advice

Hi

Why not post charts of your recent trades so we can look at them and give our comments?

Did you trade the 10pm, 2am H4 candles and close all trades at 6am?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,730
  • Jun 19, 2019 2:17am Jun 19, 2019 2:17am
Quoting hikaru259
{quote} Hi Cpizzle IMHO, UJ pairs still in downtrend with no color change on weekly. We have a narrow quite market condition. We know bearish momentum is weakening, but I don't see any bullish signal on daily chart so uptrend is not confirmed, maybe the price is resting and down trend move will go again. If I can wait, I will wait for breakout of this range. And if I must trade, I will find sell signal from above of this range or the zone near EMA 200. Thank you {image} {image} {image}
USDJPY Jun 19

caution FOMC today at NY 2pm local time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,731
  • Jun 19, 2019 2:48am Jun 19, 2019 2:48am
Hi emmanuel7788

I live in Europe, in the Netherlands exactly, so i trade at 7 am 11 am and close at 3 pm. Around the same times that Eelfranz did.
I just started for beginnings to pick everything with a cross and trade with it, however i kept losing.
Now i look for S/R and the candles if they are big or not, but still i keep losing.
Today i have no trades because there are no crosses. Btw i use the H4 candles.
I hope i give you enough info, when you whant more info i can always give it to you.

Kind regards
  • #96,732
  • Jun 19, 2019 4:46am Jun 19, 2019 4:46am
Quoting jeshnewbie
Hi emmanuel7788 I live in Europe, in the Netherlands exactly, so i trade at 7 am 11 am and close at 3 pm. Around the same times that Eelfranz did. I just started for beginnings to pick everything with a cross and trade with it, however i kept losing. Now i look for S/R and the candles if they are big or not, but still i keep losing. Today i have no trades because there are no crosses. Btw i use the H4 candles. I hope i give you enough info, when you whant more info i can always give it to you. Kind regards
I don't know what is your broker server time and we may have different H4 candles.

My broker shows GBPJPY possible H4 counter trend trade now.

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H1 LO candle
classic TMS 5-METHOD setup
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,733
  • Jun 19, 2019 4:54am Jun 19, 2019 4:54am
Quoting emmanuel7788
{quote} I don't know what is your broker server time and we may have different H4 candles. My broker shows GBPJPY possible H4 counter trend trade now. {image}
hey emmanuel, this is what my screen looks like, i live in Europe too (EET, CET +1)

Look at my GJ
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Carpe Diem
  • #96,734
  • Jun 19, 2019 5:10am Jun 19, 2019 5:10am
Quoting geol13
{quote} hey emmanuel, this is what my screen looks like, i live in Europe too (EET, CET +1) Look at my GJ {image}

refresh your TMS Monitor and check the H1

at the moment xxxJPY are mostly bullish green HA candles.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,735
  • Jun 19, 2019 5:48am Jun 19, 2019 5:48am
My broker is ICmarkets and the time is the GMT time for mt4
so if it is 2 pm my time it is 1 pm on mt4
I have seen the cross on H1.
  • #96,736
  • Jun 19, 2019 7:36am Jun 19, 2019 7:36am
Quoting emmanuel7788
{quote} Hi Why not post charts of your recent trades so we can look at them and give our comments? Did you trade the 10pm, 2am H4 candles and close all trades at 6am?
Hi Emmanuel, here are some trades i took manually last night, would you share you thoughts on what you see. Some trades I took after the cross and other I took after the bounce of TDI.
P.S This is a demo account
Cheers.
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  • #96,737
  • Jun 19, 2019 9:27am Jun 19, 2019 9:27am
Have taken an Eur/Usd trade on H1 chart.
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Vincit qui se vincit.
  • #96,738
  • Jun 19, 2019 10:00am Jun 19, 2019 10:00am
Quoting emmanuel7788
{quote} when you follow the Weekly as your Primary (Dominant) trend your probability in winning is much higher and where there is market volatility like yesterday your SL below previous two weeks low will survive whatever the news reaction. when price spike down, I build positions into to my basket and get an overall better entry price with 5 positions in one single basket all with proper risk management and use of position sizing. What if the market reverses after that Darghi speech, ...hmmm well cut-loss is previous 2 weeks low.
Following the weekly for trading M15? So if the last weekly candle is bearish this would keep me away placing any buy order on M15.

I am not interested in making large amounts of pips per trade Emmanuel. I am also not interested in multiple entry exit trading.

I guess that’s a bit „over“ if all i am looking for is a 25-50 pips in the bank by the end of each trading week (ideally).
  • #96,739
  • Jun 19, 2019 10:51am Jun 19, 2019 10:51am
Quoting emmanuel7788
EURCAD Week 25 Jun 19 D1 ...SELL market type conditions sideways weekly range 128 pips half risk in such ranging conditions, increase risk when there is break of the previous months low. {image}
Hi Emmanuel,
Do you know any script for place pending order: both stop order and limit order with pips distance?
Thank you.
  • #96,740
  • Jun 19, 2019 12:11pm Jun 19, 2019 12:11pm
Will close trade for a small loss.
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Vincit qui se vincit.
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