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Trading Made Simple

  • #10,381
  • Aug 21, 2011 2:39pm Aug 21, 2011 2:39pm
Quoting demoreal
Hi Palinkasa.

What time would you start?

PS I've heard about a trader who uses the fact that gaps tend to close most of the time. He has some sort of system based on it.
Hi Guys,

I do hope you guys have been trading for quite some time..
Yes.sure Gaps do close,but sometimes it takes Days and sometime Weeks,even it is possible to take more before it closes.
So i hope you have a deep pocket or big account to stay on until PA comes back to close the gap..

Happy trading Y'all
It Is Well With My Soul..(Amen)
  • #10,382
  • Aug 21, 2011 3:41pm Aug 21, 2011 3:41pm
Give the same system & strategy to different traders, their results would vary widely bcos of the internal state each trader cultivated

Anonymous.
It Is Well With My Soul..(Amen)
  • #10,383
  • Aug 21, 2011 8:02pm Aug 21, 2011 8:02pm
Quoting bobowang
I am successful trader, I am not cheater, so I will never show my strategy to the public!! I wanna make money from it alap.

It's not like other things. If you ask me to teach you English, definitely I will.But I know you will never ask me to teach you English.
Hey,

I don't fully understand your logic. I would be less likely to teach you English than trading.

In trading, if everyone does exactly the same thing everyone makes money, that's how it works... If everyone wants to buy the price goes up... Even if the fundamentals are in the total opposite direction.

If I were to teach you English, one day you might compete with me for a job.

I don't see the market as a competitive arena, If you do the same thing as everyone else you will make money. Obviously everyone else would consist of predominantly banks.

Neither do I always understand the notion that for every winner there is a loser... I close my trades and sell my contracts to someone and they win. I didn't lose money, I just lost the opportunity to make money(which was my decision), Money isn't pulled out of my account.

Obviously if everyone wants to do the same thing there would be liquidity problems, but that's at an extreme.
Ask me again when I know what I'm talking about.
  • #10,384
  • Aug 21, 2011 11:58pm Aug 21, 2011 11:58pm
Quoting Loooit
Hey,

I don't fully understand your logic. I would be less likely to teach you English than trading.

In trading, if everyone does exactly the same thing everyone makes money, that's how it works... If everyone wants to buy the price goes up... Even if the fundamentals are in the total opposite direction.

If I were to teach you English, one day you might compete with me for a job.

I don't see the market as a competitive arena, If you do the same thing as everyone else you will make money. Obviously everyone else would consist of predominantly...
It is pointless to respond to these folks - just add them to your ignore list - I now have a bunch of them and their posts stay hidden - concentrate your efforst on perfecting your trading plans and methodologies - ignore the muppets!
"To live with Passion, it takes Courage and Grace to survive"
  • #10,385
  • Aug 22, 2011 1:18am Aug 22, 2011 1:18am
Quoting Britpip7
It is pointless to respond to these folks - just add them to your ignore list - I now have a bunch of them and their posts stay hidden - concentrate your efforst on perfecting your trading plans and methodologies - ignore the muppets!
No you're right, work on your trading plan.

What makes the market move is not important for TA, only that it does move.

In the end it doesn't matter why your plan makes money, just that it does.

Cheers
Ask me again when I know what I'm talking about.
  • #10,386
  • Aug 22, 2011 2:52am Aug 22, 2011 2:52am
Possible bounce trade setting up on E/U. Long side.
  • #10,387
  • Aug 22, 2011 2:55am Aug 22, 2011 2:55am
Quoting Simr
Possible bounce trade setting up on E/U. Long side.
Resistance area 1.4450 my opinion, first TP at about this point
  • #10,388
  • Aug 22, 2011 3:03am Aug 22, 2011 3:03am
Long on EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_22.08_2.jpg Size: 236 KB
  • #10,389
  • Aug 22, 2011 3:03am Aug 22, 2011 3:03am
hmm...true. If it stall there we can exit and still make 30 odd pips. Watch the S&P futures also . Green upwards 2nd bar now. Though daily is down. So wondering..
Quoting buyorsell
Resistance area 1.4450 my opinion, first TP at about this point
  • #10,390
  • Aug 22, 2011 3:05am Aug 22, 2011 3:05am
longed eu 4410
Attached Image (click to enlarge)
Click to Enlarge Name: u1.gif Size: 46 KB
  • #10,391
  • Aug 22, 2011 3:10am Aug 22, 2011 3:10am
Quoting buyorsell
Resistance area 1.4450 my opinion, first TP at about this point
There is resistance at 4420, this is the res area which stopped price on Friday. Price is currently under this areas effect at the moment. It might stall here for a bit. This move came off the support at 4360 I mentioned last week and spiked off the 4H 21EMA (which usually acts as S/R).

Im long but we need to see this resistance broken otherwise it will move against the trade possibly very quickly.
  • #10,392
  • Aug 22, 2011 3:18am Aug 22, 2011 3:18am
Quoting brettboz
There is resistance at 4420, this is the res area which stopped price on Friday. Price is currently under this areas effect at the moment. It might stall here for a bit. This move came off the support at 4360 I mentioned last week and spiked off the 4H 21EMA (which usually acts as S/R).

Im long but we need to see this resistance broken otherwise it will move against the trade possibly very quickly.
So far stalled for 15 mins, I am reducing my long and will add if I see it look like it will move again.
  • #10,393
  • Aug 22, 2011 3:42am Aug 22, 2011 3:42am
Quoting amiraliforex
hi my buddy

your enttery setup is incorrect، because in first bulish candel ، green tdi hadnt ross red tdi .

gool luck
It has on my chart... which timeframe you looking at?
  • #10,394
  • Aug 22, 2011 3:53am Aug 22, 2011 3:53am
Quoting amiraliforex
hi my buddy

your enttery setup is incorrect، because in first bulish candel ، green tdi hadnt ross red tdi .

gool luck
hi
yes it crossed chek out the chart i posted, it is H1 chart
  • #10,395
  • Aug 22, 2011 4:51am Aug 22, 2011 4:51am
Quoting brettboz
So far stalled for 15 mins, I am reducing my long and will add if I see it look like it will move again.
Its been stalled here now for 2 hours, I closed my long some time ago at BE. It doesn't necessarily look bearish yet though. It may still break up so looking at possible re-entries.
  • #10,396
  • Aug 22, 2011 5:01am Aug 22, 2011 5:01am
Quoting amiraliforex
h1
Attachment
You can also take long on 2nd candle according to TMS system. You shouldn't take it 3rd+. Yes cross on this trade was on beginning of 2nd candle.
  • #10,397
  • Aug 22, 2011 6:18am Aug 22, 2011 6:18am
Quoting amiraliforex
if you want to take position you need wait tll second candel be closed
...

Quoting eelfranz
Entries...

Enter trades at the BEGINNING of candle #1 or #2.... not at the end of the candle....
  • #10,398
  • Aug 22, 2011 6:23am Aug 22, 2011 6:23am
Quoting amiraliforex
if you want to take position you need wait tll second candel be closed

Not this again
  • #10,399
  • Aug 22, 2011 6:58am Aug 22, 2011 6:58am
Hey there guys! There's a rumor out here that says you have a Skype room? Would it be possible to join? My skype name is "martinius222" anyway so hit me up if you can! Thanks!
  • #10,400
  • Aug 22, 2011 7:16am Aug 22, 2011 7:16am
OK so 4420 resistance is holding for the moment. Look at the previous 4H candle, it closed at 4419.4. This has some significance in that it has failed to break the resistance and hold above it. Also the 1H looks tired and ready to cross to the south. So a short could be on the cards, support is now at 4370.
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