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Trading Made Simple

  • #3,061
  • May 18, 2011 10:11am May 18, 2011 10:11am
This is my first live trade with this system...
Banked 31 pips un USDJPY...I exited just by "instinct" more than for technical reasons...I just wanted a good start with the system in live account...and I was not disappointed...

I tend to not take too many trades...because it's not necessary...
So...on my live account:

Long USDJPY +31

on my demo I took 3 trades today:

Short GBPUSD +27
Long USDJPY +31
Long AUDJPY +27
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 01_tms.jpg Size: 155 KB
Click to Enlarge Name: demo.jpg Size: 239 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #3,062
  • May 18, 2011 10:13am May 18, 2011 10:13am
Quoting mackaozy
Hi Courtneywild

You just have to hang in there with the trades and try not to close them too early. The pa usually rises then moves back against you a little then rises. This repeats, its the natural market rhythm. As long as you are trading with the trend you should be ok.

thanks.... i think you said you use daily for trend and only take trades in that direction on the 1 htf ... am i correct please?

Thank you again
  • #3,063
  • May 18, 2011 10:14am May 18, 2011 10:14am
Quoting 33drifter
I think dean just picked up on some solid resistance/old support to the left. On my chart the first candle looks weak (long tails and small body) but apart from that all rules are met
thank you yes see it. thanks for feedback... critical.
  • #3,064
  • May 18, 2011 10:20am May 18, 2011 10:20am
i'm out for the day. Spooked
  • #3,065
  • May 18, 2011 10:58am May 18, 2011 10:58am
Quoting courtneywild
thanks.... i think you said you use daily for trend and only take trades in that direction on the 1 htf ... am i correct please?

Thank you again
Hi

I have a tip for you which may help you. Go on you tube and search for pipware it's a guy called stratman who is on FF. He has some really good educational videos. Not trying to sell anything he is just genuine guy. Also search for Craig Harris on FF and watch his vids on Market rythmn. This will help ou with you trading.
  • #3,066
  • May 18, 2011 11:45am May 18, 2011 11:45am
Hi Eric,

I'm sorry that I never posted earlier but, I have been out of circulation for a few days.

I trust that your condition has improved and you are well on the road to recovery.

best wishes

Alan
  • #3,067
  • May 18, 2011 11:59am May 18, 2011 11:59am
Quoting dean
No idea!!! but I am still on the Aussie to and it copped it as well. Must have been someone buying US dollars. Thank GOd I cheated and removed my stop loss....wouldve been stopped out at about -20 Nervy now though, might get out and call it a night. its 1am here and I am tired. Been a good day too. Its great to have the support of you guys I enjoy the banter and trade discussion.
im wondering why you guys lost on that one?? i was in at 1.6146 and the market never looked at my sl? of 1.6124..just closed plus 23pips....took a bad trade on eurgbp...didnt follow rules minus 19 pips...shame on me.
  • #3,068
  • May 18, 2011 1:23pm May 18, 2011 1:23pm
This trading style seems to fit with the way I like to trade. I do scalp once in a while but I rather prefere the 1 Hour or 4 Hour charts. I was trading the nanobob sytem but I did get some large draw downs at times, but they ended uo positive, just took a while. I am trading a live penney account using this system now and have had good success so far. Below are a couple of trades I took and they were both winners.
The first screen is around when the trade was entered and the 2nd shows it after the TP target was hit. Both of these were a just set a TP and leave.

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 154 KB


Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_2.jpg Size: 159 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 157 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_2.jpg Size: 162 KB
  • #3,069
  • May 18, 2011 1:41pm May 18, 2011 1:41pm
gb/ch daily +100pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbchd.png Size: 39 KB
  • #3,070
  • May 18, 2011 1:53pm May 18, 2011 1:53pm
No word from BigE yet? Getting worried for the guy.
  • #3,071
  • May 18, 2011 2:10pm May 18, 2011 2:10pm
i will try to call him later
  • #3,072
  • May 18, 2011 2:14pm May 18, 2011 2:14pm
Quoting 2scoops
No word from BigE yet? Getting worried for the guy.
No kidding. Me too. Let us know if your here anyting 2Scoops and Milicentfx. My prayers go out to him, for sure.
  • #3,073
  • May 18, 2011 2:20pm May 18, 2011 2:20pm
Quoting 2scoops
No word from BigE yet? Getting worried for the guy.
hope he is doing well
Trade responsiblypatience is the key/Swing trader
  • #3,074
  • May 18, 2011 3:21pm May 18, 2011 3:21pm
Hello,

can someone please tell me the correct settings for the moving average.

period:
shift:
ma method:
apply to:

Thank you
  • #3,075
  • May 18, 2011 4:01pm May 18, 2011 4:01pm
Quoting SXMTrader
Hello,

can someone please tell me the correct settings for the moving average.

period:
shift:
ma method:
apply to:

Thank you
Attached Image


This is what mine is set to. If these settings are wrong someone please let me know. These are the settings from the original template . thanks
Always Learning
  • #3,076
  • May 18, 2011 4:04pm May 18, 2011 4:04pm
I previously wrote a couple of entries where I stated results from trading the method correctly and then going crazy. The correct method had a $70 balance growing to $200, going crazy turned $200 into $7. Reverted to correct methodology last night and because my broker gave me a $200 bonus it meant I could use the margin of $207 to trade. Shorted GPBJPY for 87.5 pips and then immediately took a long for 86.8 pips with a small amount still in play. End result my $7 is back to $184. If you look at the GBPJPY chart it will be pretty obvious where I traded.
  • #3,077
  • May 18, 2011 4:13pm May 18, 2011 4:13pm
silver....do you live outside of the usa, and are you using leverage greater that 50:1?
  • #3,078
  • May 18, 2011 4:13pm May 18, 2011 4:13pm
Just closed this one - entered last night on 30M chart (Sydney time) with the other guys - closed it when I woke up as TDI looks like it might be going to sleep. Looks OK still on 4H but I am out now.
Attached Image (click to enlarge)
Click to Enlarge Name: usd_jpy_30m_52pips.gif Size: 11 KB
  • #3,079
  • May 18, 2011 4:17pm May 18, 2011 4:17pm
I think I will follow the instructions to the fullest with one change.
I will only buy signals when the D1 is buying and sell only when it is selling.
This is with any pair, this will increase my winning trades percentage.
Growing the hell out of this account. Thanks Big E hope you are well.
Please disregard any other indicator in this picture.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-us.gif Size: 20 KB
  • #3,080
  • May 18, 2011 4:36pm May 18, 2011 4:36pm
Quoting mgs1f
I think I will follow the instructions to the fullest with one change.
I will only buy signals when the D1 is buying and sell only when it is selling.
This is with any pair, this will increase my winning trades percentage.
Growing the hell out of this account. Thanks Big E hope you are well.
Please disregard any other indicator in this picture.

Mgs1f,
How do you set your stop losses with trading off the daily charts? What kind of money management do you use?
“Discipline is the bridge between your goals and your accomplishments.”
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