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Trading Made Simple(r)

  • #1,901
  • Jul 23, 2019 6:17am Jul 23, 2019 6:17am
Quoting paroucia
{quote} so i'm going to trade some other ones. Unless The Masters say: NO! good luck
These methods will work on any tradable that moves (as long as you are doing it on a higher time frame.)
Always a Student, Never a Master - Emulate What Works
  • #1,902
  • Jul 23, 2019 6:21am Jul 23, 2019 6:21am
Quoting paroucia
{quote} i think you mean "I would highly advise NOT trading anything lower than 4 hours". yea?
Ya LOL...I just got out of bed...haven't even got a cup of coffee in me yet so not firing on all cylinders
Emotion - it steals your money.
  • #1,903
  • Jul 23, 2019 6:22am Jul 23, 2019 6:22am
Quoting RobinHood
I just shorted the GBPAUD, 4 hr. chart. 34 pip stop.
Me, too.
Emotion - it steals your money.
  • #1,904
  • Jul 23, 2019 6:46am Jul 23, 2019 6:46am
Quoting RobinHood
I just shorted the GBPAUD, 4 hr. chart. 34 pip stop.
WHY?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH4.png Size: 42 KB
  • #1,905
  • Jul 23, 2019 6:49am Jul 23, 2019 6:49am
who is shorting EURJPY and EURAUD?
  • #1,906
  • Jul 23, 2019 6:56am Jul 23, 2019 6:56am
Quoting paroucia
{quote} WHY? {image}
Because it was a valid signal. Risky because price is ranging. I just got stopped out. That was a fast loss That makes two in a row for me on this pair this week. Stupid ranging price. There will be a breakout eventually though.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD+H4.png Size: 48 KB
Emotion - it steals your money.
  • #1,907
  • Edited 7:36am Jul 23, 2019 7:06am | Edited 7:36am
My AUDUSD and EURUSD trades just hit take profits. That's two full 1R losses on GBPAUD and two 2R take profits this week. I am up 2R in profit so far this week.

I want to talk about the EURUSD trade. You can see I was shorting into a support level and that level completely broke. The indicators RH has compiled for us are momentum based indicators. The indicators were showing downward momentum and it went right through the level. If I had not taken that trade based on what I thought might happen at that level instead of trusting what the indicators were telling me price is doing I would have missed this profitable trade. Support and resistance fail all the time - they have to or there would be no trends. Time and time again professional traders tell us to trade what we see not what we think.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD+H4.png Size: 54 KB
Click to Enlarge Name: EURUSD+H4.png Size: 50 KB
Emotion - it steals your money.
  • #1,908
  • Jul 23, 2019 7:07am Jul 23, 2019 7:07am
Quoting TheSpoof
{quote} Because it was a valid signal. Risky because price is ranging. I just got stopped out. That was a fast loss That makes two in a row for me on this pair this week. Stupid ranging price. There will be a breakout eventually though. {image}
AGREED.
Always a Student, Never a Master - Emulate What Works
  • #1,909
  • Jul 23, 2019 8:10am Jul 23, 2019 8:10am
Quoting emmanuel7788
{quote} GBPNZD POMO Jul 22 and Jul 23 there was no CONTINUATION setup because H4 was in consolidation. you entry looks like a breakout trade entry ... {image} today Jul 23 is Boris Johnson day candle, this can be the opportunity for a CONTINUATION D1 setup in the next 2 days. {image}
They don't take any notice on this thread of consolidation zones, or support/resistance, they just take the trades as they come.
Success means going from failure to failure without loss of enthusiasm
  • #1,910
  • Jul 23, 2019 9:46am Jul 23, 2019 9:46am
Left side looks ugly , lets see what gonna happen .
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 87 KB
  • #1,911
  • Jul 23, 2019 10:06am Jul 23, 2019 10:06am
Quoting Giedrius
Left side looks ugly , lets see what gonna happen . {image}
Trend is down...just a matter if you will get whipsawed a bit before potentially continuing on down Or, the trend reverses
Emotion - it steals your money.
  • #1,912
  • Jul 23, 2019 10:10am Jul 23, 2019 10:10am
Quoting Giedrius
Left side looks ugly , lets see what gonna happen . {image}

..."Left side looks ugly..."

yes, I see that too but I am also selling since Jul 03 ...3rd week selling now.

time will tell when it will end.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Jul23 W1 24-07-2019 01-00-51.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,913
  • Jul 23, 2019 10:24am Jul 23, 2019 10:24am
Quoting TheSpoof
My AUDUSD and EURUSD trades just hit take profits. That's two full 1R losses on GBPAUD and two 2R take profits this week. I am up 2R in profit so far this week. I want to talk about the EURUSD trade. You can see I was shorting into a support level and that level completely broke. The indicators RH has compiled for us are momentum based indicators. The indicators were showing downward momentum and it went right through the level. If I had not taken that trade based on what I thought might happen at that level instead of trusting what the indicators...
My EUR/USD actually hit 2R as well. This could be the first 2R result of my trading life in amongst all the SL, but hey what a result. Big thanks to RH and emmanuel for all the training. Going to read all of the Emmanuel e-books now and look forward to more wins.

A
  • #1,914
  • Jul 23, 2019 10:31am Jul 23, 2019 10:31am
Quoting 40PipsAlan
{quote} My EUR/USD actually hit 2R as well. This could be the first 2R result of my trading life in amongst all the SL, but hey what a result. Big thanks to RH and emmanuel for all the training. Going to read all of the Emmanuel e-books now and look forward to more wins. A

EURUSD trade update

I closed 2 batches with profits. Now the lats batch with profit locked and let the market decide if it would hit 5xATR(10).
I let CM do its job while I look for other trades.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jul 24 trade update 24-07-2019 01-26-06.png Size: 68 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,915
  • Jul 23, 2019 10:39am Jul 23, 2019 10:39am
Quoting emmanuel7788
{quote} EURUSD trade update I closed 2 batches with profits. Now the lats batch with profit locked and let the market decide if it would hit 5xATR(10). I let CM do its job while I look for other trades. {image}
Happy days. You're just showing off now with 5R. Keep up the good work. I see you posted a couple of pdf tutorials of cavemanager on the TMS thread if others would like to read up. Maybe repost here if enough people want to know more.
  • #1,916
  • Jul 23, 2019 10:41am Jul 23, 2019 10:41am
Hi everyone, my name is Major.
I read with great interest what was written by "RobinHood" "emmanuel7788" and others, thanks to all of you, for the suggestions, I think I understood "Trading Made Simple".
I have not yet completed reading all 96 pages and therefore I apologize if I ask stupid questions, but I am here to learn your way to trade.
I enclose a Jpg file with some questions, I have other questions to ask but for now it may be enough.
I thank everyone for the commitment you demonstrate to teach those like me who are not experts.
I thank you in advance for taking the time to read this message.
Thank you so much.
Major
Attached Image (click to enlarge)
Click to Enlarge Name: A-Buy Entry Price.jpg Size: 530 KB
Carpe diem, quam minimum credula postero. "Orazio"
  • #1,917
  • Jul 23, 2019 10:43am Jul 23, 2019 10:43am
Quoting TheSpoof
{quote} Because it was a valid signal. Risky because price is ranging. I just got stopped out. That was a fast loss That makes two in a row for me on this pair this week. Stupid ranging price. There will be a breakout eventually though. {image}
Yes. I got stopped out yesterday too. Small profit for my effort.

Today I did not take any trade seeing the ranging or consolidating or sideways market conditions... whatever people like to call that.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Jul 22 trade closed 24-07-2019 01-39-39.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,918
  • Jul 23, 2019 10:47am Jul 23, 2019 10:47am
Quoting 40PipsAlan
{quote} Happy days. You're just showing off now with 5R. Keep up the good work. I see you posted a couple of pdf tutorials of cavemanager on the TMS thread if others would like to read up. Maybe repost here if enough people want to know more.

It is 5xATR(10) and only 2.5R ( not 5R) if this last batch can go that far...
my initial SL placed by CM was 2xATR(10).

CM is nice when you have your Exit strategy and know how to set it up to do your trade management for you.
Let me know and I can help you with the input parameters.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,919
  • Jul 23, 2019 11:21am Jul 23, 2019 11:21am
Quoting Ubi.Major
Hi everyone, my name is Major. I read with great interest what was written by "RobinHood" "emmanuel7788" and others, thanks to all of you, for the suggestions, I think I understood "Trading Made Simple". I have not yet completed reading all 96 pages and therefore I apologize if I ask stupid questions, but I am here to learn your way to trade. I enclose a Jpg file with some questions, I have other questions to ask but for now it may be enough. I thank everyone for the commitment you demonstrate to teach those like me who are not experts. I thank...
The stochastic colours don't mean anything in particular for these methodologies so don't concern yourself with it. For your Point 1, the entry is at the close of that candle. Where you are showing the entry with your Fib tool is incorrect and too early - all the indicators have not yet crossed the 50 line until that candle closes.
Emotion - it steals your money.
  • #1,920
  • Edited 12:20pm Jul 23, 2019 11:58am | Edited 12:20pm
Quoting TheSpoof
{quote} The stochastic colours don't mean anything in particular for these methodologies so don't concern yourself with it. For your Point 1, the entry is at the close of that candle. Where you are showing the entry with your Fib tool is incorrect and too early - all the indicators have not yet crossed the 50 line until that candle closes.
Actually, I've never discussed why I use that EXACT version of Stochastic indicator.

So I'll show an example now of how I SOMETIMES use it:

Attached Image (click to enlarge)
Click to Enlarge Name: Stochastics Color Change.JPG Size: 275 KB
Always a Student, Never a Master - Emulate What Works
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