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Trading Made Simple(r)

  • #4,781
  • Apr 20, 2020 9:29pm Apr 20, 2020 9:29pm
Quoting PhillipmC
Any one looking at Gu ? (Robin do you think GU is in a range) Few are setting up as well looking good on the daily as well. Eu UJ AU not ready yet tho. {image} {image} {image} {image}
GU starting to move.
Attached Image (click to enlarge)
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  • #4,782
  • Apr 21, 2020 3:32am Apr 21, 2020 3:32am
Quoting PhillipmC
{quote} GU starting to move. {image}
Edit TP 1 hit
  • #4,783
  • Apr 21, 2020 5:57am Apr 21, 2020 5:57am
Quoting PhillipmC
{quote} Edit TP 1 hit
Good job! I'm glad it worked out for you. In the future, try not to enter trades inside of congestion.

Attached Image (click to enlarge)
Click to Enlarge Name: GU H4.PNG Size: 58 KB
Always a Student, Never a Master - Emulate What Works
  • #4,784
  • Apr 21, 2020 6:21am Apr 21, 2020 6:21am
Quoting RobinHood
{quote} Good job! I'm glad it worked out for you. In the future, try not to enter trades inside of congestion. {image}
Yesterday 2 of my H4 trading trades that were NU and AJ swept the SL the reason I joined the congestion zone! This is my lesson ....
  • #4,785
  • Edited 8:05am Apr 21, 2020 6:42am | Edited 8:05am
Quoting Jonhathan123
{quote} Yesterday 2 of my H4 trading trades that were NU and AJ swept the SL the reason I joined the congestion zone! This is my lesson ....
It's a hard lesson, one that we all mistakenly repeat over time. It's one of those "can't see the forest for the trees" kind of thing sometimes.

This is the type of environment that ideally you want to trade in. The first, second, and fourth blue boxes are Crossover trades and the third box (from the left), is a Continuation trade.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ 5M.PNG Size: 71 KB
Always a Student, Never a Master - Emulate What Works
  • #4,786
  • Apr 21, 2020 9:09am Apr 21, 2020 9:09am
Look at the vertical purple lines. They mark where the yellow line in the lower window crosses the gray line.

If you can't make money trading this way, then you should just quit trading!!!!

Attached Image (click to enlarge)
Click to Enlarge Name: Purple Lines.PNG Size: 109 KB
Always a Student, Never a Master - Emulate What Works
  • #4,787
  • Apr 21, 2020 10:09am Apr 21, 2020 10:09am
Quoting RobinHood
Look at the vertical purple lines. They mark where the yellow line in the lower window crosses the gray line. If you can't make money trading this way, then you should just quit trading!!!! {image}
Thanks for this training chart. I am also practicing every time the yellow line crosses the gray line and I will mark as you mark to see as the signal for the next command.
  • #4,788
  • Apr 21, 2020 10:49am Apr 21, 2020 10:49am
Quoting PhillipmC
{quote} GU starting to move. {image}
hello sir, i'm a newbie.
can i ask you a question? what app you use? my metatrader4 doesnt have purple line like you?
  • #4,789
  • Apr 21, 2020 10:50am Apr 21, 2020 10:50am
Quoting RobinHood
Look at the vertical purple lines. They mark where the yellow line in the lower window crosses the gray line. If you can't make money trading this way, then you should just quit trading!!!! {image}
But, unfortunately, you received a loss on this transaction?
  • #4,790
  • Apr 21, 2020 10:53am Apr 21, 2020 10:53am
Quoting Soehoyol
{quote} hello sir, i'm a newbie. can i ask you a question? what app you use? my metatrader4 doesnt have purple line like you?
I only trade on my desktop computer using only the MT4 program. I placed those purple lines on the chart one by one using the Draw vertical line tool
Always a Student, Never a Master - Emulate What Works
  • #4,791
  • Apr 21, 2020 11:01am Apr 21, 2020 11:01am
Quoting Skyfinger
{quote} But, unfortunately, you received a loss on this transaction?
What makes you think that you can possibly know that? Because it's not true.

Match up the trade # 108402411 on the chart with my account history below and you'll see they match:

Attached Image (click to enlarge)
Click to Enlarge Name: GJ 5M.PNG Size: 71 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GJ Profit.PNG Size: 5 KB


And just in case you are wondering if it's a demo account? It's not, I NEVER EVER trade a demo account because it's a total waste of time.

Attached Image (click to enlarge)
Click to Enlarge Name: Live.PNG Size: 38 KB
Always a Student, Never a Master - Emulate What Works
  • #4,792
  • Apr 21, 2020 11:04am Apr 21, 2020 11:04am
Quoting RobinHood
{quote} What makes you think that you can possibly know that? Because it's not true. Match up the trade # 108402411 on the chart with my account history below and you'll see they match: {image} {image}
I'm sorry, I was talking about the post 4786, EURAUD.
  • #4,793
  • Apr 21, 2020 11:15am Apr 21, 2020 11:15am
Quoting Skyfinger
{quote} I'm sorry, I was talking about the post 4786, EURAUD.
No problem, but you'd still be wrong. Match up the trade #'s: 108412183:

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: 2183.PNG Size: 5 KB
Always a Student, Never a Master - Emulate What Works
  • #4,794
  • Apr 21, 2020 11:27am Apr 21, 2020 11:27am
Here goes another one...

* This is not a good time of the day to day trade but I am using small stop and there's lots of room below.

Attached Image (click to enlarge)
Click to Enlarge Name: EA Trade.PNG Size: 98 KB
Always a Student, Never a Master - Emulate What Works
  • #4,795
  • Apr 21, 2020 11:27am Apr 21, 2020 11:27am
Quoting RobinHood
{quote} No problem, but you'd still be wrong. Match up the trade #'s: 108412183: {image} {image}
So your deal is not hooked. The price rose to 1.73153

I'm sorry, I don't speak English well
  • #4,796
  • Apr 21, 2020 11:29am Apr 21, 2020 11:29am
Quoting RobinHood
Here goes another one... * This is not a good time of the day to day trade but I am using small stop and there's lots of room below. {image}
You began to trade M5 and M15???
  • #4,797
  • Apr 21, 2020 11:39am Apr 21, 2020 11:39am
Quoting Skyfinger
{quote} You began to trade M5 and M15???
No, I am trapped at home with a plumber fixing a toilet that is leaking in the bathroom next to my office so I was bored and decided to do some day trading just to break the boredom. That's why I have been posting so much today.

BTW, I just accidentally closed that last trade when I was moving my stop so I got right back in.
Always a Student, Never a Master - Emulate What Works
  • #4,798
  • Apr 21, 2020 11:40am Apr 21, 2020 11:40am
Quoting Skyfinger
{quote} So your deal is not hooked. The price rose to 1.73153 I'm sorry, I don't speak English well
I don't understand your question.
Always a Student, Never a Master - Emulate What Works
  • #4,799
  • Apr 21, 2020 11:46am Apr 21, 2020 11:46am
Quoting RobinHood
{quote} I don't understand your question.
You have already answered: "BTW, I just accidentally closed that last trade when I was moving my stop so I got right back in".

I also decided to try to trade on the M15.
Because in older periods, movement is horror!
And the general economic situation is very dangerous.

Thank you!
  • #4,800
  • Apr 21, 2020 11:53am Apr 21, 2020 11:53am
Quoting Skyfinger
{quote} You have already answered: "BTW, I just accidentally closed that last trade when I was moving my stop so I got right back in". I also decided to try to trade on the M15. Because in older periods, movement is horror! And the general economic situation is very dangerous. Thank you!
You're welcome. You ONLY need to watch the charts, NOT the news. Most of those dummies just make up most of what they say. YOU MUST IGNORE THE NEWS.
Always a Student, Never a Master - Emulate What Works
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