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Trading Made Simple

  • #7,721
  • Jul 11, 2011 11:10am Jul 11, 2011 11:10am
Quoting Thierry
Just take this one. SL below swing low.

See a lot of nice posts sinde the last days, now reading after a few days away.
I am also watching this trade setup.
  • #7,722
  • Jul 11, 2011 11:14am Jul 11, 2011 11:14am
I am glad to share and hope it helps.

As you can tell, I will not stop preaching about what works. The market rewards risk and patience, and as we all know, it punishes hesitation and impulsiveness.

Some great trades being taken here and lots of pips. Great stuff!
  • #7,723
  • Jul 11, 2011 11:24am Jul 11, 2011 11:24am
dcginc is it possible for you to post some charts of your trades, i think they will help lots of people?
Thanks again.

Quoting dcginc
I am glad to share and hope it helps.

As you can tell, I will not stop preaching about what works. The market rewards risk and patience, and as we all know, it punishes hesitation and impulsiveness.

Some great trades being taken here and lots of pips. Great stuff!
  • #7,724
  • Jul 11, 2011 11:32am Jul 11, 2011 11:32am
I use TDI indicator only . simple 4H trade and some judgement on its strenght b4 I enter .






Quoting heynjea
way to go Ibz !! post these trades so we can learn .

cheers
  • #7,725
  • Edited 12:04pm Jul 11, 2011 11:59am | Edited 12:04pm
Quoting dcginc
I would like to share how I gained some insight, rather abruptly, not long after I was introduced to trading.
Once of the best pieces of advice I ever received about the mindset of a successful trader was shared with me by a trading professional I met early on in my trading education.
[font=Calibri][size=3]He suggested to me that I view trading as "Financial War." At the time I thought this was a bit extreme. However, he went on to describe trading as a "zero sum game"...
It is really encouraging to read your story of becaming a successfull trader! Thank you! I was wondering how much pair do you observe for reaching your 500-700 pips per week results you mentioned some posts before? I know BigE observes 8 pairs, bez3000 20+ pairs, what is your preference and which ones? Ric
  • #7,726
  • Jul 11, 2011 12:18pm Jul 11, 2011 12:18pm
Quote
Thank you! I was wondering how much pair do you observe for reaching your 500-700 pips per week results you mentioned some posts before?
J

Just like Big E, I watch 8 pairs, which are just the 4 majors, and the E/J, G/J, NZD/USD and USD/CAD
  • #7,727
  • Jul 11, 2011 12:23pm Jul 11, 2011 12:23pm
dcginc, can you post some of your trades?
  • #7,728
  • Jul 11, 2011 12:28pm Jul 11, 2011 12:28pm
[quote][dcginc is it possible for you to post some charts of your trades, i think they will help lots of people?
Thanks again./QUOTE]

Hi Bez,

I have posted a few all ready. I think you get the idea!

The other traders on here have done a great job posting charts and do a much better job than I - and honestly mine are the same, only with a white background. I am not that proficient at it so it is quite time consuming and cumbersome for me. It is just something I might do periodically, but I don't want to get into the publishing business!

Thank you for your interest though.
  • #7,729
  • Jul 11, 2011 2:04pm Jul 11, 2011 2:04pm
EeLfranz

I would like to thank you for posting your story and sharing your conclusions with us.

Also would like to thank the crew who share and post their trades to help others to better understand how the system works. its my pleasure to join you guys .

Thank you
  • #7,730
  • Jul 11, 2011 2:19pm Jul 11, 2011 2:19pm
Ok mate thanks for all you have posted, enjoying learning from your posts.

[quote=dcginc;4769342]
Quote
[dcginc is it possible for you to post some charts of your trades, i think they will help lots of people?
Thanks again./QUOTE]

Hi Bez,

I have posted a few all ready. I think you get the idea!

[color=black][font=Verdana]The other traders on here have done a great job posting charts and do a much better job than I - and honestly mine are the same, only with a white background. I am not that proficient at it so it is quite time consuming and cumbersome...
  • #7,731
  • Jul 11, 2011 2:56pm Jul 11, 2011 2:56pm
Hi everyone..just came across this thread, read first 2 pages, will read more and demo the method to see how it works..I've tried a lot of other methods, most of which requires a lot of analysis and then still not sure direction..will try not to sound stupid and ask dumb ??s..
sfg7th
  • #7,732
  • Jul 11, 2011 3:10pm Jul 11, 2011 3:10pm
I had a couple of minutes and wanted to post a chart of a losing trade I took on June 30th.
I have my entry candle marked with the vertical line. I entered at 116.92, which at that time was too aggressive.
At the time of entry, my 2 x ATR stop should have been placed at 117.83 (Red Line near the top).
For the life of me, I didn't notice, but for some reason I placed the stop at 117.53 (Turquoise Line)
I looked back at my trade tracking worksheet and I entered the correct stop, but made a mistake on my trade platform. I was stopped out at 117.53 (Black Arrow).
My original profit targets were 62 pips and 124 pips. I was stopped out for 2 full lots at $620.00 each on a careless mistake.
Fortunately, I was able to make it up and more as the E/J has been dropping rapidly.
What did I take away from this loss? My entry was too aggressive. I had a mental relapse and mis-entered my stop loss. I paid the price for not following my rules and being careless. No surprise here.
And there you have it.
Attached Image (click to enlarge)
Click to Enlarge Name: eur jpy 6.30.11.jpg Size: 141 KB
  • #7,733
  • Jul 11, 2011 3:27pm Jul 11, 2011 3:27pm
same here dude..i am first time also and im very happy of this forum..the owner of this forum and the administrations are really amazing..i salute them for the work well done..i learned a lot of this forum..
  • #7,734
  • Jul 11, 2011 3:30pm Jul 11, 2011 3:30pm
Quoting dcginc
I had a couple of minutes and wanted to post a chart of a losing trade I took on June 30th.
@dcginc : Thank you for kindly sharing your ideas and trade setups, I learn a lot from them.
  • #7,735
  • Jul 11, 2011 3:45pm Jul 11, 2011 3:45pm
Guys, I´m trading from Rio de Janeiro (Brazil), so I´m sleeping when the market has most energy... Rio´s time = NY time + 1hr. Are there any recommended pairs to trade at alternative times? 1hr and 4hr frames on majors seem kinda sleepy these times and the system keeps showing me non-profitable TDI crossings...
  • #7,736
  • Jul 11, 2011 3:56pm Jul 11, 2011 3:56pm
Traders - many of you keep asking me about ATR.

Please take some time to Google it and do some research on your own.

It is basic indicator that comes with every trading platform and package.

It has been around since 1978!

Thanks.
  • #7,737
  • Jul 11, 2011 4:04pm Jul 11, 2011 4:04pm
Dear Big E

I am currently demo trading based on your simple method, and yes it is quite satisfactory so far (about 75% of winning).

I am now watching the PA of above three currency with keen interest.
They are getting quite close to the round numbers, and support with good size of HA bars.

Would you please give me a feedback on what you think about these pairs?

Thanks,
Your great fan.
  • #7,738
  • Jul 11, 2011 4:08pm Jul 11, 2011 4:08pm
Great post mate, when you say your entry was "to aggressive" why was that? Looking at the setup i would have taken the same trade as it ticks all my boxes.
Can you tell me why you think you should have waited? What would you be looking for?
Thanks again

Quoting dcginc
I had a couple of minutes and wanted to post a chart of a losing trade I took on June 30th.
I have my entry candle marked with the vertical line. I entered at 116.92, which at that time was too aggressive.
At the time of entry, my 2 x ATR stop should have been placed at 117.83 (Red Line near the top).
For the life of me, I didn't notice, but for some reason I placed the stop at 117.53 (Turquoise Line)
[size=3][font=Calibri]I...
  • #7,739
  • Jul 11, 2011 5:14pm Jul 11, 2011 5:14pm
Dcginc - Thanks for posting the losing trade.

I would not have taken the trade for one simple reason....

1) Poor angle of the green line as it crosses the red line.

2. We want a 12-2 or 4-6 angle only....
  • #7,740
  • Jul 11, 2011 5:17pm Jul 11, 2011 5:17pm
I'm so proud of you all knockin' down so many pips... it's fabulous.

It's a simple system that works...
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