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Trading Made Simple

  • #7,981
  • Jul 13, 2011 3:21am Jul 13, 2011 3:21am
Quoting NZ Chris
I think he's gone.......... Can we resume normal service now?

Sure, anyone take the NZD-USD on the rebound? Cross was in the 32 region
Attached Image (click to enlarge)
Click to Enlarge Name: nzd-usd-4.gif Size: 36 KB
OPPORTUNITY IS NOWHERE
  • #7,982
  • Jul 13, 2011 3:30am Jul 13, 2011 3:30am
Quoting DaveUK
In a GBPUSD long from yesterday. Let it run overnight with SL at break even.

Just jumped in to AUSUSD. 4hr gave long signal but waited till it popped the 1.0650. Monitoring that one closely in the short term.
Hi Dave

I am long on E/G since yesterdays signal, also long on N/U.

E/G gave a fairly big draw down overnight, thought it was going to hit SL, but is heading in good territory now. It was a close call.

I am also monitoring these closely at the moment.
What you do is a reflection of you....what I do is a reflection of me.
  • #7,983
  • Jul 13, 2011 3:38am Jul 13, 2011 3:38am
I am far more interested in opinions of the aud usd cross. Anyone?
  • #7,984
  • Jul 13, 2011 3:40am Jul 13, 2011 3:40am
Quoting puppypippy
Where is you target/stop loss?
There's a lot of information about you, if you ask me for my SL...http://www.forexfactory.com/images/icons/icon7.gif
  • #7,985
  • Jul 13, 2011 3:40am Jul 13, 2011 3:40am
If you have a look at the red lines on my chart you can quite clearly see my stop and my take profit. Because the number 3 is so high on this 123 pattern I have chosen to put the stop under number 1 which is the ultimate in stops with this pattern. If price goes beyond number 1 its time to go do some gliding
  • #7,986
  • Jul 13, 2011 3:42am Jul 13, 2011 3:42am
Referring to the previous chart posted, with 4 Hour TMS signal ->

... that this may help with the question I see asked so many times about "do / can I enter on 1st, 2nd, 3rd candle?"

The highlight area, on this 1 Hour chart, is the first 2 x 4 Hour candles, as you can see, a price target is shown, giving a clear entry based on PRICE and not confused by TIME, make sense?
Attached Image (click to enlarge)
Click to Enlarge Name: nzd-usd-5.gif Size: 39 KB
OPPORTUNITY IS NOWHERE
  • #7,987
  • Jul 13, 2011 3:44am Jul 13, 2011 3:44am
Quoting geoffgjones
I am far more interested in opinions of the aud usd cross. Anyone?
Hi Geoff. The AUD has already reached one 123 target but there is a bigger one it is heading towards buddy
Attached Image (click to enlarge)
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  • #7,988
  • Jul 13, 2011 3:45am Jul 13, 2011 3:45am
Quoting geoffgjones
I am far more interested in opinions of the aud usd cross. Anyone?

The cross on TDI looks good to me, price at WS1 now, however if it clears it could hit WP at 107.32.

Just my humble opinion.
What you do is a reflection of you....what I do is a reflection of me.
  • #7,989
  • Jul 13, 2011 3:46am Jul 13, 2011 3:46am
Quoting Ezzy
The cross on TDI looks good to me, price at WS1 now, however if it clears it could hit WP at 107.32.

Just my humble opinion.

And what nonsense do you base all that mumbo jumbo on? What happened to the easy rules at the start of this thread?
  • #7,990
  • Jul 13, 2011 3:58am Jul 13, 2011 3:58am
opinions, humble or otherwise, are very welcome.

Cheers,

Geoff
  • #7,991
  • Jul 13, 2011 3:59am Jul 13, 2011 3:59am
This system is either EASY as stated by the author or it isn't. Either the ground rules are on the first page and are EASY to follow or they are scattered about over 500 plus pages.

Everything on this planet can be explained by science! Including the Dilusional people here making up gambling theorems on the go to explain the fact they took a loss or don't quite know when to enter.

Science states very clearly if you cant put in writing a strict set of rules that would replicate your trade then you dont have a system.

This Essy fellow wants to criticise someone who has traded for 12 years and then um and arrs about whether he should take a trade because he doesn't know the rules.

Damn it man you either have met the rules to enter or you haven't. Your opinion is irrelevent!
  • #7,992
  • Jul 13, 2011 4:18am Jul 13, 2011 4:18am
Quoting Callisto
Referring to the previous chart posted, with 4 Hour TMS signal ->

... that this may help with the question I see asked so many times about "do / can I enter on 1st, 2nd, 3rd candle?"

The highlight area, on this 1 Hour chart, is the first 2 x 4 Hour candles, as you can see, a price target is shown, giving a clear entry based on PRICE and not confused by TIME, make sense?
I dont quite understand what you mean, could you explain a bit further please
  • #7,993
  • Jul 13, 2011 4:33am Jul 13, 2011 4:33am
Quoting dcginc
[color=black][font=Verdana]For those of you having anxiety over being down 25 or 20 pips . . . on a 4 Hr chart, swings can go as far as 150 pips. This is to be expected! 70% of the time when you place a trade, the market will spend some time in the negative, or the opposite direction of your trade. This is the market breathing. Really? 25 pips down and you're worried? Only 30% of the time will the momentum carry your trade in the "right" direction with no drawdown or fluctuation. Especially on a 1 hr chart and higher. How do I know this? Lots...
This is a totally eye opener! you cannot believe what this kind of posts is doing with me (and i think with more of us). This posts are gold. Drawdown is hard to accept but we need to accept it before we can win.
  • #7,994
  • Jul 13, 2011 4:35am Jul 13, 2011 4:35am
Quoting puppypippy
This Essy fellow wants to criticise someone who has traded for 12 years and then um and arrs about whether he should take a trade because he doesn't know the rules.
What I find interesting is that in March of this year you were trying a system that uses EMAs and RSI...

Quoting puppypippy
Hey Strata been a while since I posted here. Just been re-reading some of the Bagovino method. Can you tell me is the system still the same as the method described on page one? If not what page can I get the latest version. What are you using for exits?
Thanks in advance
Then you appear to be attempting to refine it...

Quoting puppypippy
This may be getting off the track or some of you might find it is getting on the track or at least making the track clearer? Your thoughts are appreciated. Anyway if you look at the pic attached you can see that I have added a BB. If you look further at the middle line or 20 ma you can see that most of the time the crossover of the EMAs represented by the colored arrows happen when price crosses the 20 MA. And still using the 50 EMA to represent the 21 RSI if you trade only those arrows in the direction of the 50EMA perhaps exiting at the...
Yet you come here only a few weeks afterwards and hold up the 1-2-3 pattern as basically all you need to use to trade successfully.

Do you recognise the contradiction?

Surely after 12 years experience you have a system in place that is proven to make consistent profits. If 1-2-3 wasn't good enough in March, why is it so now?

I am afraid that jumping from system to system then holding up one chart pattern as the holy grail is the typical behaviour of a novice. And emotional immaturity is the typical behavour of a novice who is destined to fail.
  • #7,995
  • Jul 13, 2011 4:37am Jul 13, 2011 4:37am
Quoting puppypippy
This system is either EASY as stated by the author or it isn't. Either the ground rules are on the first page and are EASY to follow or they are scattered about over 500 plus pages.

Everything on this planet can be explained by science! Including the Dilusional people here making up gambling theorems on the go to explain the fact they took a loss or don't quite know when to enter.

Science states very clearly if you cant put in writing a strict set of rules that would replicate your trade then you dont have a system.

This Essy fellow wants...
I like your trading approach! can you summarize the rules of the system as you understand them?
  • #7,996
  • Jul 13, 2011 4:39am Jul 13, 2011 4:39am
Quoting Thierry
This is a totally eye opener! you cannot believe what this kind of posts is doing with me (and i think with more of us). This posts are gold. Drawdown is hard to accept but we need to accept it before we can win.
I agree. dgcinc's posts should be required reading for everyone on this thread.
  • #7,997
  • Jul 13, 2011 4:39am Jul 13, 2011 4:39am
Quoting DaveUK
Yet you come here only a few weeks afterwards and hold up the 1-2-3 pattern as basically all you need to use to trade successfully.

Do you recognise the contradiction?

Surely after 12 years experience you have a system in place that is proven to make consistent profits. If 1-2-3 wasn't good enough in March, why is it so now?

I am afraid that jumping from system to system then holding up one chart pattern as the holy grail is the typical behaviour of a novice. And emotional immaturity is the typical behavour of a novice who is destined to...
Not to mention hes holding up triangles... Ever zoomed way out on a chart? There's always another triangle you can point to...

Edit: And he claims our system as a helper in making standard forex decisions and trades is 'gambling' (and his is science?)... bah
  • #7,998
  • Jul 13, 2011 4:55am Jul 13, 2011 4:55am
Lots of people talk and few of them know ....
  • #7,999
  • Jul 13, 2011 4:59am Jul 13, 2011 4:59am
Quoting puppypippy
Take a look at all the signals that TDI was giving off in this screen shot! (No it's not cherry picked, I am performing manual backtesting from Feb and just came across it

Had you followed all of these you would be living under a tree right now asking passers by for hand outs!

Had you only taken the ones confirmed by the 123 pattern .....
Where have you read to only look at the TDI and nothing else?
  • #8,000
  • Jul 13, 2011 5:03am Jul 13, 2011 5:03am
Quoting Thierry
Where have you read to only look at the TDI and nothing else?
lol... Yeah that's about it, he said hes allergic to reading... 500 pages is just to much for him...

All right my trades are in for the night, profits locked, and TS set... I'm about cooked for the night... Good luck to the rest of you TMS'ers...
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