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Trading Made Simple

  • #8,761
  • Jul 25, 2011 12:00am Jul 25, 2011 12:00am
Quoting Guitarbloke
F09,

I'm a total amateur, but re US/CHF, is stochi confirming? Mine's pointing upwards.

Best wishes, G.
My stoc is in the down position, and already in to the oversold area. Are you using the one from page 11? I think most of the trades are based on the candles and the TDI direct, with the stoch just for conformation.
  • #8,762
  • Jul 25, 2011 12:02am Jul 25, 2011 12:02am
Hi traders,

This is my first post here. I have been reading this thread and must say that this strategy is a breath of fresh air for me!

I have been struggling with my trading and I am really excited by this method.

I look forward to learning from everyone involved here.

Thank you,

Kadus
  • #8,763
  • Jul 25, 2011 12:03am Jul 25, 2011 12:03am
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  • #8,764
  • Jul 25, 2011 12:08am Jul 25, 2011 12:08am
The only trades that I will looking at is managing anything that is still running from last week - possible exits only. Definitely no new entries until London opens and gives direction.
"To live with Passion, it takes Courage and Grace to survive"
  • #8,765
  • Jul 25, 2011 12:09am Jul 25, 2011 12:09am
Quoting Fitness09
My stoc is in the down position, and already in to the oversold area. Are you using the one from page 11? I think most of the trades are based on the candles and the TDI direct, with the stoch just for conformation.
My stoch is one that comes with my (oanda pratcise) platform. It's a full stochastic 8,3,3. It's general direction is down, but the blue line on it is just crossing upwards. But i realise it's just for confirmation. Maybe i need to upload templates from page 1 etc....?

Anyway, no stress, demo trading here, and early day's still learning. Thanks.
'Fail to plan, plan to fail'
  • #8,766
  • Jul 25, 2011 12:10am Jul 25, 2011 12:10am
taek cuk..ngomong thok bule gendeng..kakean cangkem
  • #8,767
  • Jul 25, 2011 1:00am Jul 25, 2011 1:00am
Quoting Guitarbloke
My stoch is one that comes with my (oanda pratcise) platform. It's a full stochastic 8,3,3. It's general direction is down, but the blue line on it is just crossing upwards. But i realise it's just for confirmation. Maybe i need to upload templates from page 1 etc....?

Anyway, no stress, demo trading here, and early day's still learning. Thanks.
Use the one from page 11. Im sure a lot if people have worked hard to present this method, the least we can do is use the proper indicators they have provided to us.
F09
  • #8,768
  • Edited 3:53am Jul 25, 2011 1:20am | Edited 3:53am
On E/CHF, C/CHF, G/CHF going short. Nice moves.
'Fail to plan, plan to fail'
  • #8,769
  • Jul 25, 2011 1:44am Jul 25, 2011 1:44am
Quoting dean
Shouldnt you really have exited on the 15 minute chart when the tdi went flat?? although its a great trade, why did you stay in the trade??
To Dean, to the best of my knowledge, when the price is very weak to go further especially, the consolidation zones, lets say on 4 hr tf, 2 things can happen, Break the s/r or pull back,. If the s/r is tested several times, but refused to break, and no news impact a head, the probability of reversing is very high. Then i can move down to 15 min tf to get a head and look for clear entry.AS YOU KNOW, It is smaller tf that builds higher tf signal- if you know when to enter without gambling. You will risk less and gain more.I stayed in that trade because of this impact and price on that trade reverse from R3 ZONES TO PIVOT LEVEL BECAUSE PRICE RESPECTS THOSE LEVEL THOUGH BIG E want its template to be very clean but i still trade the method the way i like. My tp was 3 pips away from Pivot point which was tp:sl ,ratio 3:1. The price went about 8 pips beyond TP and reversed heavily to show you that price respects them.
Now, this, if you like to call it, the same thing as entering the first candle on 4hr charts of tms rule insted of waiting for the close of the first candle on 4hr tf. I have been doing it for a while, so no confusion here.
SEE THE CHARTS BELOW WHEN PRICES REFUSE TO GO FURTHER AND PHEW..........REVERSED MOST OF THE TIME ( with the exception of only one zone that the price went further to break the zone before reversing
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We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #8,770
  • Jul 25, 2011 3:53am Jul 25, 2011 3:53am
Quoting bishopdotun
I dont think this trade is wrong. look at how price sat on the pivot all day. The price had bounced off the pivot with 6 4hr candles. Look at the trendlines too.

I will let the trade run its course.
Hi All,

Hope we are all catching the early morning moves.

I closed my chfjpy trade this morning @ 115 pips.I saw it coming. Price actually bounced off the psychological support.

One lesson i learnt: stick to the rules.

Today's trades

eurchf: short@ 1.16292 one candle late but good momentum
eurjpy: short@ 112.529 entered on second candle after bounce
gbpjpy: short@ 127.320 entered on the signal candle

i missed gbpchf and usdchf.

Have a pip-filled week guys.
  • #8,771
  • Jul 25, 2011 4:05am Jul 25, 2011 4:05am
Hi bishopdotun,

on what timeframe did you enter? H4?

Thanx.
  • #8,772
  • Jul 25, 2011 4:18am Jul 25, 2011 4:18am
Quoting bishopdotun
Hi All,

Hope we are all catching the early morning moves.

I closed my chfjpy trade this morning @ 115 pips.I saw it coming. Price actually bounced off the psychological support.

One lesson i learnt: stick to the rules.

Today's trades

eurchf: short@ 1.16292 one candle late but good momentum
eurjpy: short@ 112.529 entered on second candle after bounce
gbpjpy: short@ 127.320 entered on the signal candle

i missed gbpchf and usdchf.

Have a pip-filled week guys.
Today's charts
Attached Image(s) (click to enlarge)
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  • #8,773
  • Jul 25, 2011 4:22am Jul 25, 2011 4:22am
Quoting Olarion1975
Hi bishopdotun,

on what timeframe did you enter? H4?

Thanx.
H4
  • #8,774
  • Jul 25, 2011 5:12am Jul 25, 2011 5:12am
Quoting bishopdotun
Hi All,

Hope we are all catching the early morning moves.

I closed my chfjpy trade this morning @ 115 pips.I saw it coming. Price actually bounced off the psychological support.

One lesson i learnt: stick to the rules.

Today's trades

eurchf: short@ 1.16292 one candle late but good momentum
eurjpy: short@ 112.529 entered on second candle after bounce
gbpjpy: short@ 127.320 entered on the signal candle

i missed gbpchf and usdchf.

Have a pip-filled week guys.
I am out of those trades already

eurchf: +75pips
eurjpy: +10pips
gbpjpy: +11pips

Reason: TDI angle on H1 flat / bend / curve
HA candles flat
  • #8,775
  • Jul 25, 2011 5:59am Jul 25, 2011 5:59am
Well done Bishop. Keep up the good work.Well, aside from my minor tech issues which delay me from uploading TMS indicator's for the moment, i'm demo trading, enjoying it, and i haven't seen so many positive pip's ever. I've made a few silly entries, but on looking back at them, i can see why. e.g. A few of the old chestnut mistakes like selling into a support area, and not looking around before entry. Just rolling your sleeves up and getting in there amongst price action, getting screen time and making mistakes whilst demo trading, (and learning from them) is fun, interesting, and an investment in the trader to be.Thank's Big E, and all contributor's.Happy trading all!
'Fail to plan, plan to fail'
  • #8,776
  • Jul 25, 2011 6:18am Jul 25, 2011 6:18am
Quoting Guitarbloke
Well done Bishop. Keep up the good work.Well, aside from my minor tech issues which delay me from uploading TMS indicator's for the moment, i'm demo trading, enjoying it, and i haven't seen so many positive pip's ever. I've made a few silly entries, but on looking back at them, i can see why. e.g. A few of the old chestnut mistakes like selling into a support area, and not looking around before entry. Just rolling your sleeves up and getting in there amongst price action, getting screen time and making mistakes whilst demo trading, (and learning...
TRAIN YOUR EYES ON OLD CHARTS.

I did that for a longtime. it was hard and boring but it is getting better. My entries are not so perfect yet but my win ration is very high. Only one loss in the last 10 trades.

PRACTICE

keep trying until you get it. Don't get tired. If you indeed want to make money out of the market, you have to sacrifice time practicing.
  • #8,777
  • Jul 25, 2011 6:51am Jul 25, 2011 6:51am
Quoting aggravator87
Hi dude, I'm quoting a guy's post starting a thread in FF about the K.I.S.S method. If this was true we wouldn't be sitting here and sharing tons of materials and ideas. Forex is hard. If things were so easy and simple we would be billionaires. There are some basic and important factors every trader must learn in order to have a starting point in forex. Once again , I've written in my previous post with the chart what I focus my attention on MAINLY. If somebody say to me that a break of support line, major news passing by, strong cangle size move,...
It seems to me you haven't read the thread - because if you had you would realise that these comments are irrelevant - no-one has ever suggested basic forex rules should be ignored, in fact again and again it has been said how important they are.

No offence, but may I suggest you read the thread thoroughly before you offer criticism?
  • #8,778
  • Jul 25, 2011 7:12am Jul 25, 2011 7:12am
Quoting bishopdotun
TRAIN YOUR EYES ON OLD CHARTS.

I did that for a longtime. it was hard and boring but it is getting better. My entries are not so perfect yet but my win ration is very high. Only one loss in the last 10 trades.

PRACTICE

keep trying until you get it. Don't get tired. If you indeed want to make money out of the market, you have to sacrifice time practicing.
Thank's Bishopdotun,

I am doing exactly that. Congrat's on your win ratio! I wonder how you do over a month?

I'm having fun too, and in no hurry. (up 30 pips on A/U long at the moment, and 2 other trades 20 pips up.)

Best wishes, G.
'Fail to plan, plan to fail'
  • #8,779
  • Jul 25, 2011 7:24am Jul 25, 2011 7:24am
Any of you guys on these?
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  • #8,780
  • Jul 25, 2011 7:33am Jul 25, 2011 7:33am
Hi

Have just finnished reading the thread (took me 2 weeks :-)).

Just want to say thanks to all the contributions. I am an experienced and profitable trader using mainly price action, but I am always on the look out the new techniques.

I have been playing with the system on practice accounts and have been doing very well on it. I plan to practice for another 2 weeks before starting with real money.

One thing I have done is try it on stocks/shares and commoditiies as well as FOREX, and it seems to be very profitable there as well. This is to be expected of course as all markets work in similar wat.

Congracts to all the contributors.

Best wishes

pchees
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