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Trading Made Simple(r)

  • #2,161
  • Jul 29, 2019 9:04am Jul 29, 2019 9:04am
For those of you trading through O A N D A, if you switch your account from "Spread Only" to "Core Pricing + Commission" you will save money.

Look how low the spread is on the USDJPY with "Core Pricing + Commission".

Attached Image
Always a Student, Never a Master - Emulate What Works
  • #2,162
  • Jul 29, 2019 9:51am Jul 29, 2019 9:51am
Quoting RobinHood
{quote} I am long the UJ from 108.67 and I moved my stop to slightly above break-even at 108.675 because I am going to be gone for the next 8-10 hours and can't monitor the trade.
Thanks robin, yes the trade is doing very fine now. I'll be heading to bed soon, will also move my stop to BE by then.
Detach yourself from the value of money - Mr. Pip
  • #2,163
  • Jul 29, 2019 9:53am Jul 29, 2019 9:53am
Quoting Barraka
{quote} What was your reasoning in taking that trade? I looked at daily and H4, there were clearly no signs of a short with this method.
I don't follow TSM system, I just log in from time to time and post here to share some ideas.
It's not over, until I win.
  • #2,164
  • Jul 29, 2019 10:09am Jul 29, 2019 10:09am
Quoting Josiong
I am really surprised by today trading progress with this method.... {image}
How long have you been using this system? Your results are looking good on your demo
Green pips to all
  • #2,165
  • Jul 29, 2019 10:12am Jul 29, 2019 10:12am
USDCAD ,,,is looking good to shorting it... H4
"Great Men are not born great, They Grow Great."
  • #2,166
  • Jul 29, 2019 10:25am Jul 29, 2019 10:25am
Quoting 40PipsAlan
{quote} GB/AUD closed out at 2R. Happy days
I closed mine @+122pips. Waiting to see what NJ will do by 10pm local time. I'm already 20+ 0n EJ which i entered on Friday, i entered after a close of a long APB candle and i had DD of about 33pips.
  • #2,167
  • Jul 29, 2019 11:03am Jul 29, 2019 11:03am
How many R's did you win with this pair?

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Jul 29 H4 30-07-2019 02-00-04.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,168
  • Jul 29, 2019 11:05am Jul 29, 2019 11:05am
Quoting MyProfit
USDCAD ,,,is looking good to shorting it... H4
There are lots of better pairs to pick today than this laggard.

My D1 and W1 not ready for selling yet.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Jul 29 D1 30-07-2019 01-21-05.png Size: 53 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Jul 29 W1 30-07-2019 01-22-12.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,169
  • Jul 29, 2019 11:08am Jul 29, 2019 11:08am
Quoting olisavictor
{quote} I closed mine @+122pips. Waiting to see what NJ will do by 10pm local time. I'm already 20+ 0n EJ which i entered on Friday, i entered after a close of a long APB candle and i had DD of about 33pips.
Great stuff, did you use a trailing stop indicator? If so which 1 and settings?
Thanks
The more you learn, the more you see
  • #2,170
  • Jul 29, 2019 11:09am Jul 29, 2019 11:09am
Quoting RobinHood
{quote} I am long the UJ from 108.67 and I moved my stop to slightly above break-even at 108.675 because I am going to be gone for the next 8-10 hours and can't monitor the trade.

Ideal CONTINUATION setup when both D1 and W1 are in the same direction.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Jul 29 H4 CONTINUATION 30-07-2019 02-06-19.png Size: 57 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Jul 29 D1 30-07-2019 02-07-31.png Size: 57 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Jul 29 W1 30-07-2019 02-07-55.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,171
  • Jul 29, 2019 1:51pm Jul 29, 2019 1:51pm
thank you for this system RobinHood. I will start using this system. Found this system about 2 weeks ago. First week was so/so. @nd week was horrible. I believe was just jumping in without following the complete guidelines. Finished all 109 pages today. Looking forward to be apart of this forum.
  • #2,172
  • Jul 29, 2019 2:09pm Jul 29, 2019 2:09pm
Quoting Marcusv007
{quote} Great stuff, did you use a trailing stop indicator? If so which 1 and settings? Thanks
No, i did not use any trailing stop indicator, i trailed manually.
  • #2,173
  • Jul 29, 2019 2:52pm Jul 29, 2019 2:52pm
Quoting itsDavid
...Is there a scanner script that can scan multiple charts and pop up alerts when the trading conditions are met?
If you're a beginner, a lazy trader or an old man, then maybe you can find something here: https://www.forexfactory.com/showthr...5#post12409785
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD-TMMS-Dashboard-1.PNG Size: 55 KB
  • #2,174
  • Jul 29, 2019 3:21pm Jul 29, 2019 3:21pm
Sounds great. I'm going to try this on the side with Nanopips and see how it turns out for me. I'll update in a few months Thanks for sharing!
  • #2,175
  • Jul 29, 2019 9:12pm Jul 29, 2019 9:12pm
Quoting lisat
{quote}Have you backtested below 4h TF?
I tried everything. From M5-Daily. I like the Daily. But since its SL is huge, so my prefered TF is H4. Backtest has no meaning to me. I only do forward test (sometime ).
  • #2,176
  • Jul 29, 2019 9:43pm Jul 29, 2019 9:43pm
Using RH Post#1 template and following the rules written, the best timeframes to swing trade is H4, D1 and W1 . You just need to plan your trades with a disciplined money management strategy and trade your plan with strict discipline.

Every month, I look for a few Lotto wins and this July month is by far the best month this year with a few Lotto wins which helped grow my account.

Examples of GBPCAD and GBPJPY pairs with open positions running and profits locked. I plan to keep these pairs running until the end of this week and keep close watch on the COMMOD pairs - AUDUSD, USDCAD and NZDCAD pairs... be careful as London market is very volatile now.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Jul 30 W1 trades 30-07-2019 12-28-48.png Size: 67 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Jul 30 W1 trades 30-07-2019 12-31-34.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,177
  • Jul 29, 2019 9:52pm Jul 29, 2019 9:52pm
Plan your trade and be ready with your trade plan.
It may happen this week if not then next week/month August.

TP = 5.0 ADR (100 days)
SL = 3.0 ADR (100 days)

ADR(100) is 72 pips.

EURCAD D1 Jul 30
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Jul 30 D1 30-07-2019 12-45-30.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,178
  • Jul 29, 2019 10:20pm Jul 29, 2019 10:20pm
Entered continuation trade on AJ H4

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 178 KB
Detach yourself from the value of money - Mr. Pip
  • #2,179
  • Jul 29, 2019 10:24pm Jul 29, 2019 10:24pm
Quoting Supreme1394
Entered continuation trade on AJ H4 {image}
Beat me to it lol....
looks like a nice trade
  • #2,180
  • Jul 29, 2019 10:25pm Jul 29, 2019 10:25pm
Quoting Supreme1394
Entered continuation trade on AJ H4 {image}
I jumped down the M5 time frame
I will entry the command when the M5 indicators are in the same direction as H4
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