Short Euro and remaining that way. That's just the way it is !
Monitor for 'Trading Made Simple' system 565 replies
Trading Made Simple the right way, and other trading lessons 334 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
DislikedAnybody else cheating with the system on the 15 min chart.
Just shorted E/U. +38 and counting Stop to B/E. Likely short G/U at the 1/2 hr on the 15 min chart.
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DislikedNAH, been burnt on the lower time frames - hate the noise down there !
good luck though buddyIgnored
DislikedGood Morning all you fabulous traders....
I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING.
iT'S NOT UNCOMMON TO FIND [FONT=Comic...Ignored
DislikedI know what you mean, I have shorted G/U too, 20 pip stop but my E/U is +50 so I placed a stop now to +20, covering the proverbial backside. See what happens but no loss now. Targeting the daily lows on each one.Ignored
DislikedEver since I started usng this system , I'm up 1800 pips trading major pairsIgnored
DislikedGoing live with this system from Monday. (Not micro.)
Actually I've run a live account for the past two-and-a-bit years, using pure price action - no indicators. Although this has made consistent (if modest) gains, running TMS in tandem with my usual strategy on demo does appear to have improved my ability to get it on strong movements at the right time.
It's not so much about getting you in at the right point, but keeping you out until market conditions are favourable enough to indicate a possible trade.
As someone put very nicely earlier: it...Ignored
DislikedEver since I started usng this system , I'm up 1800 pips trading major pairsIgnored
DislikedI agree with the non-exposure to risk approach, but think about it this way:
1 trade taken means you win or you lose, unless you manage the trade and close at BE.
3 trades mean on non correlated pairs mean you can lose 1 and win 2, end BE, small profit, big profit, or a lose overall.
The way I see it taking 3 trades instead of one with the proper MM multiplies the possible endings, this of course could act for or against you.Ignored
DislikedMany are talking about not taking many trades, this is wrong, you could take as many good trades as you want as long as you do not risk more than you want to risk, if you will risk .10 lots in a mini account with X stop loss risking 2 or 3 %, in this case you can take 5 good trades with .02 lots, or 10 trades with .01 lots, what I mean is that you can take a lot of good trades if you see them, and at the same time risk the initial percentage that you wanted.Ignored
DislikedAlso, which brokers in California would have their H4 candles set to the same start times as Eelfranz broker. ThanksIgnored
DislikedProof, proof, proof..... come on gang. We got members here making money hand over fist... filling their gold wheelbarrows....
Suck it up, follow the simple rules and trade Demo until you build your confidence.
[font=Comic Sans MS][size=3][color=#0000ff]Snarlyjack kicks bootie...Ignored
DislikedProof, proof, proof..... come on gang. We got members here making money hand over fist... filling their gold wheelbarrows....
Suck it up, follow the simple rules and trade Demo until you build your confidence.
[font=Comic Sans MS][size=3][color=#0000ff]Snarlyjack kicks bootie all the time. Once in a while we get kicked in the tail end.... so what... that's the forex. If you can't handle the heat stay out of the...Ignored
DislikedHello BIG E! thank for this great system. pls tell me wich time frame is better for this system 1hour or 4hour? wich time frame use? ThanksIgnored