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Trading Made Simple

  • #101,121
  • Mar 9, 2020 8:32am Mar 9, 2020 8:32am
Quoting emmanuel7788
Folks If you believe trading TDI Green cross Red will make you rich ... you are in the wrong market type conditions now. STOP TRADING immediately! Just follow the markets and see what is really happening ... its panic and chaos. It is the smart money at work to get the dumb money. Just wait and see how many brokerage firm will go under. The COVID-19 will be around for months. Stay safe and healthy. Be happy!
STOP TRADING immediately!
Look who is posting??
  • #101,122
  • Mar 9, 2020 9:01am Mar 9, 2020 9:01am
Quoting Tekkies
{quote} STOP TRADING immediately! Look who is posting??
But when someone does not trade, he cannot stop trading.
To free Gazans of Hamas, use whatever it takes.
  • #101,123
  • Mar 9, 2020 11:44am Mar 9, 2020 11:44am
Hi Guys,

Made some good pips last week however gave them back with these two horrendous trades on the 1 hour time frame.
To me these were A1 setups. I have included screenshots of my entry points (red lines).

Both trades I went Long. TDI had crossed over and up on both trades at time of entry.

Momentum was on my side as you can see, so was the reversal strength current and previous, no significant S/R to the left. Possibly the stochs wasnt pointing up strongly but that is all.

Any thoughts from you guys would be appreciated. Also I think i will only stick with the 4 hour time frame now!

Kind regards,
Roni
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fail 1.png Size: 35 KB
Click to Enlarge Name: fail 2.png Size: 35 KB
  • #101,124
  • Mar 9, 2020 12:22pm Mar 9, 2020 12:22pm
Quoting Roni26
Hi Guys, Made some good pips last week however gave them back with these two horrendous trades on the 1 hour time frame. To me these were A1 setups. I have included screenshots of my entry points (red lines). Both trades I went Long. TDI had crossed over and up on both trades at time of entry. Momentum was on my side as you can see, so was the reversal strength current and previous, no significant S/R to the left. Possibly the stochs wasnt pointing up strongly but that is all. Any thoughts from you guys would be appreciated. Also I think i will...
With your Ncad trade, the stoch was actually pointed downwards, its probably better to have the stoch and tdi agreeing, and also it had gone way way past its atr, so not such a likely trade. With the GU trade, easier said than done I know, but if you had left your stop loss where it was you would still be in the trade.
Success means going from failure to failure without loss of enthusiasm
  • #101,125
  • Mar 9, 2020 12:31pm Mar 9, 2020 12:31pm
Quoting lisat
{quote}With your Ncad trade, the stoch was actually pointed downwards, its probably better to have the stoch and tdi agreeing, and also it had gone way way past its atr, so not such a likely trade. With the GU trade, easier said than done I know, but if you had left your stop loss where it was you would still be in the trade.

Thank you for your response. I was not aware implementing the ATR was part of the TMS system but thank you for pointing that out now. Do you have that indicator?

I agree in regards to the stochs. It wasn't pointing in the direction of the trade.

And with the GBPUSD trade, the tdi changed direction and crossed back down so I exited as per BigE's rules, Or am i missing something?
  • #101,126
  • Mar 9, 2020 12:35pm Mar 9, 2020 12:35pm
Roni,

trading, but not this TMS, our common demoniator is stochastics and price.
The entry was looking ok imo.
Not knowing, where you presume your status as beginner, advanced or ...

But (ref to GBP/USD)

- this was a start of week with lot of gaps, lot of 'unnormal' moves and so on, even GU was affected less than other pairs
- it's very brave to trade such a day (my positions today were having no positions)
- even if all tech instruments are in your favor, you may get a loss -sometimes-
- do you have a stop-management which includes ADR/ATR of your traded pair, beside looking left?
- you bought the only red candle -unfortunately- and price remained in range until now (back around your entry)
- trading the H4 tf, you have to adopt your SL accordingly, and you still will have a loss -sometimes-

Good luck
josch

P.S. Not read lisat's post, so something similar
trading is war - life is simple
  • #101,127
  • Mar 9, 2020 12:55pm Mar 9, 2020 12:55pm
Quoting josch
Roni, trading, but not this TMS, our common demoniator is stochastics and price. The entry was looking ok imo. Not knowing, where you presume your status as beginner, advanced or ... But (ref to GBP/USD) - this was a start of week with lot of gaps, lot of 'unnormal' moves and so on, even GU was affected less than other pairs - it's very brave to trade such a day (my positions today were having no positions) - even if all tech instruments are in your favor, you may get a loss -sometimes- - do you have a stop-management which includes ADR/ATR of your...

thanks for your reply Josch!

How do you use the atr or adr- I have just put the atr on my chart but have no clue what it means.
  • #101,128
  • Mar 9, 2020 1:06pm Mar 9, 2020 1:06pm
Roni,

ref ATR have a look here (there are for sure more results googling this):
I'm trading intraday only, if ATR is moving towards 100%, starting to be careful, if targets are (statistical) achievable.
Example for today - the GBP/USD reached 172%.

josch
trading is war - life is simple
  • #101,129
  • Mar 9, 2020 1:08pm Mar 9, 2020 1:08pm
Quoting Roni26
Hi Guys, Made some good pips last week however gave them back with these two horrendous trades on the 1 hour time frame. To me these were A1 setups. I have included screenshots of my entry points (red lines). Both trades I went Long. TDI had crossed over and up on both trades at time of entry. Momentum was on my side as you can see, so was the reversal strength current and previous, no significant S/R to the left. Possibly the stochs wasnt pointing up strongly but that is all. Any thoughts from you guys would be appreciated. Also I think i will...
Even when sticking to H4 the mistake (if any) will follow you.
You will only transfer your actions from H1 to H4 and repeat what happened on H1.
Will you go to D1 when H4 does not meet your expectations?
----
Do not see any error with entry.
- What was the reason in closing the trade or what were you thinking?
- Did you check any other time frames?
- Did you "panic" when TDI dropped (same size bar) down and closed trade.
--- Small account / big lot size?
Here are some dates where TDI did the same (Green running next to Red). Look what price did:
GBPUSD H1
Attached Image

BigE called this behavior of TDI > Green bounce Red.
Read up and look for more set-ups

NZDCAD (don't have this pair)
Looking at chart now:
- TDI close to level 68
(Don't have much room to go up.)
- TDI flat
-- Did you see green on the other side of red at a angle above 2?
- Stoch down

Quoting Roni26
{quote} thanks for your reply Josch! How do you use the atr or adr- I have just put the atr on my chart but have no clue what it means.
You are not alone.
What does ATR mean?????????
  • #101,130
  • Mar 9, 2020 1:17pm Mar 9, 2020 1:17pm
Quoting josch
Roni, ref ATR have a look here (there are for sure more results googling this): I'm trading intraday only, if ATR is moving towards 100%, starting to be careful, if targets are (statistical) achievable. Example for today - the GBP/USD reached 172%. josch

My ATR just shows a blue line between 0014 and 00.18. Do you mead ADR? average how much a pair moves is that what you are saying?
  • #101,131
  • Mar 9, 2020 1:18pm Mar 9, 2020 1:18pm
Quoting Tekkies
{quote} Even when sticking to H4 the mistake (if any) will follow you. You will only transfer your actions from H1 to H4 and repeat what happened on H1. Will you go to D1 when H4 does not meet your expectations? ---- Do not see any error with entry. - What was the reason in closing the trade or what were you thinking? - Did you check any other time frames? - Did you "panic" when TDI dropped (same size bar) down and closed trade. --- Small account / big lot size? Here are some dates where TDI did the same (Green running next to Red). Look what price...

Hi Tekkies,

Both trades crossed up with the TDI when I made my entry, when they closed the tdi turned and crossed downwards turning both bars red so i exited.

I think it was just a loss and nothing more or less. EVerything apart from Stochs was in line with rules.
  • #101,132
  • Mar 9, 2020 1:21pm Mar 9, 2020 1:21pm
Quoting Roni26
{quote} My ATR just shows a blue line between 0014 and 00.18. Do you mead ADR? average how much a pair moves is that what you are saying?
This is the one I use, but there are others around.
Attached File(s)
File Type: ex4 LFL-ATRprojections.ex4   6 KB | 265 downloads
Success means going from failure to failure without loss of enthusiasm
  • #101,133
  • Mar 9, 2020 1:34pm Mar 9, 2020 1:34pm
Roni,

here you'll find a detailed explanation of differences between ADR and ATR.
I'm using same as lisat ATR published above, but simply to have the both hi and lo projection #s.
My ADR is telling me different #s for 1, 5, 10, 20 days - and the ADR of today in %, see pics.
Source of this was/is the GMS thread, started by wellknown realjumper.

josch
Attached Image
trading is war - life is simple
  • #101,134
  • Mar 9, 2020 1:35pm Mar 9, 2020 1:35pm
Quoting Roni26
{quote} Hi Tekkies, Both trades crossed up with the TDI when I made my entry, when they closed the tdi turned and crossed downwards turning both bars red so i exited. I think it was just a loss and nothing more or less. EVerything apart from Stochs was in line with rules.
Understand.
for not being afraid for a loss.
  • #101,135
  • Mar 9, 2020 2:50pm Mar 9, 2020 2:50pm
Quoting Tekkies
{quote} Even when sticking to H4 the mistake (if any) will follow you. You will only transfer your actions from H1 to H4 and repeat what happened on H1. Will you go to D1 when H4 does not meet your expectations? ---- Do not see any error with entry. - What was the reason in closing the trade or what were you thinking? - Did you check any other time frames? - Did you "panic" when TDI dropped (same size bar) down and closed trade. --- Small account / big lot size? Here are some dates where TDI did the same (Green running next to Red). Look what price...
Always Trade Reality
To free Gazans of Hamas, use whatever it takes.
  • #101,136
  • Mar 9, 2020 3:10pm Mar 9, 2020 3:10pm
I tried to learn Davit's pivot method here
https://www.forexfactory.com/showthread.php?t=588764

but of course since i'm new i couldn't post or ask questions.. but maybe I can post here?

Based on his posts.. he lost quite bit of money today just like i think most people did:

https://www.forexfactory.com/showthr...9#post12798429

Attached Image (click to enlarge)
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then he's saying he is putting more risk to get back losses? is this normal way to trade. i thought you reduce risk?

https://www.forexfactory.com/showthr...5#post12799985
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But as i'm reading his posts, he shows you charts (which i appreciate), the wins ($ and pips) which is nice, but he's not very clear about his losses? I would really like to know where he took those losses on those trades.ex. at what price and what was the size?

Then this post of a USDCAD..that's going against him, does he have enough margins with that size with the current price against him? I got numbers from his post but they're all over the place, and again, he dosn't show the losses in $, so it's hard to see. Maybe someone can clarify to me as to where his stops would be on the USDCAD?

https://www.forexfactory.com/showthr...0#post12800590

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  • #101,137
  • Mar 9, 2020 4:38pm Mar 9, 2020 4:38pm
Quoting Tekkies
{quote} STOP TRADING immediately! Look who is posting??
Hah....
  • #101,138
  • Mar 9, 2020 5:05pm Mar 9, 2020 5:05pm
Quoting thatguythere
I tried to learn Davit's pivot method here https://www.forexfactory.com/showthread.php?t=588764 but of course since i'm new i couldn't post or ask questions.. but maybe I can post here? Based on his posts.. he lost quite bit of money today just like i think most people did: https://www.forexfactory.com/showthr...9#post12798429 {image} then he's saying he is putting more risk to get back losses? is this normal way to trade. i thought you reduce risk? https://www.forexfactory.com/showthr...5#post12799985...
Actually, I really felt sorry for him earlier cuz I have lost quite a bit just like him in the past but I learned not to over leverage and don't leave trades days on. He is not following his own strategy now. All the talk about money management and Mark Douglas stuff are all out the window. He is just doing revenge trading now and hopes to get something back. Even if he did, this kind of trading is not sustainable for long term. Anyway, I wish he gets his money back. I am sure he worked his butt off to make every penny he had invested.
  • #101,139
  • Mar 9, 2020 6:09pm Mar 9, 2020 6:09pm
Quoting eelfranz
Don't forget to ------ {image}
Remember March 09, 2020 !

Anything can happen on a weekend and when the world markets are closed.

Attached Image (click to enlarge)
Click to Enlarge Name: forgot toput stop loss.png Size: 340 KB


and it's not over yet!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,140
  • Mar 9, 2020 6:36pm Mar 9, 2020 6:36pm
Quoting emmanuel7788
{quote} TradingMadeSimple with SimpleMoTu trade EURUSD Feb 27 Day Open {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Feb 27 MoTu trade 27-2-2020 3-29-03 pm.png Size: 30 KB


it all started before the above,

#100,418

and today Tuesday open Mar 10, I have to add manually more R levels above current market.

I am still in the buy mode with my dynamic SMART cut-loss not far away.
Looking at H4, there is CONSOLIDATION.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Mar10 Daily add 12R level10-3-2020 7-27-25 am.png Size: 59 KB


Trade Well and Trade Safe, always have your Cut-Loss in your trade plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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