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Trading Made Simple

  • #10,821
  • Aug 31, 2011 2:26am Aug 31, 2011 2:26am
I'm in....comments welcome
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  • #10,822
  • Aug 31, 2011 2:33am Aug 31, 2011 2:33am
Quoting dean
I'm in....comments welcome
Looks good to me.
  • #10,823
  • Aug 31, 2011 3:02am Aug 31, 2011 3:02am
Out of the NZ short at minus 4 pips due to sudden reversal probably thanks once again to the f*&^ing London open fake moves in the first hour.
  • #10,824
  • Aug 31, 2011 3:07am Aug 31, 2011 3:07am
Hey Dean,

Exited the Aussie short for same reason, lots of fakes this morning.

How about this E/U long, I'm in but with a tight stop due to the reason above
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Short Euro and remaining that way. That's just the way it is !
  • #10,825
  • Aug 31, 2011 3:10am Aug 31, 2011 3:10am
Quoting NZ Chris
Hey Dean,

Exited the Aussie short for same reason, lots of fakes this morning.

How about this E/U long, I'm in but with a tight stop due to the reason above
I'm waiting until it settles....its pulling back as I write this so I am not confident on that one
  • #10,826
  • Aug 31, 2011 3:13am Aug 31, 2011 3:13am
Quoting dean
I'm waiting until it settles....its pulling back as I write this so I am not confident on that one
You could have a point, more fakes !!!!!!!
Short Euro and remaining that way. That's just the way it is !
  • #10,827
  • Aug 31, 2011 3:22am Aug 31, 2011 3:22am
Good move Dean, out of E/U for only a very little loss. No worries.
Short Euro and remaining that way. That's just the way it is !
  • #10,828
  • Aug 31, 2011 3:22am Aug 31, 2011 3:22am
Hi,

I'm Long for EURUSD & EURGBP H1
Short for USDCHF H4

Are those fake move on London open? Let's monitor...

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #10,829
  • Aug 31, 2011 3:25am Aug 31, 2011 3:25am
Yep. I'm out of my GBPUSD long from last night at break even. Need to see clear momentum before I think about getting back in there. Anything else is just hoping. And hoping is just gambling.

Reminds me of a quote I saw and liked:

“You never need to chase a trade. The market has plenty of opportunities. The money runs out before the opportunities do.”
  • #10,830
  • Aug 31, 2011 3:30am Aug 31, 2011 3:30am
almost impossible to trade this market right now. Got smoked twice. Oh well it happens.
  • #10,831
  • Edited 3:49am Aug 31, 2011 3:32am | Edited 3:49am
GBPUSD short taken on... erm... 30min!

EDIT: should have elaborated a bit. Pure scalp trade based on break of Asian session low. 20 SL, moved to break even at +20. Target +30 (previous low).
  • #10,832
  • Aug 31, 2011 3:48am Aug 31, 2011 3:48am
Quoting DaveUK
GBPUSD short taken on... erm... 30min!
I jumped in on the 15 minute chart
  • #10,833
  • Aug 31, 2011 3:52am Aug 31, 2011 3:52am
Quoting dean
I jumped in on the 15 minute chart
careful of the daily major trend line.
Attached Image (click to enlarge)
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  • #10,834
  • Aug 31, 2011 3:57am Aug 31, 2011 3:57am
Quoting spitfire852
careful of the daily major trend line.
Yep got that thanks. I am out at 22 pips
  • #10,835
  • Aug 31, 2011 4:19am Aug 31, 2011 4:19am
Short GPBAUD on 1hr
Attached Image (click to enlarge)
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  • #10,836
  • Aug 31, 2011 4:20am Aug 31, 2011 4:20am
Quoting dean
Yep got that thanks. I am out at 22 pips
Re GBPUSD short.

Still in. Showing possibly more sustained momentum to the downside. 1hr showing nice signal now too. That 1.6255 level absolutely critical though.
  • #10,837
  • Aug 31, 2011 4:26am Aug 31, 2011 4:26am
Quoting Android38
Hi,

I'm Long for EURUSD & EURGBP H1
Short for USDCHF H4

Are those fake move on London open? Let's monitor...

Attachment
Closed EURUSD wih -28pips...before it hit SL at 50.
Trend reversed and weak up momentum.

Others still running and open another GBPUSD short as well...
  • #10,838
  • Aug 31, 2011 4:37am Aug 31, 2011 4:37am
Quoting DaveUK
Re GBPUSD short.

Still in. Showing possibly more sustained momentum to the downside. 1hr showing nice signal now too. That 1.6255 level absolutely critical though.
Get out I reckon Davo.....its a f*&^ing washing machine out there tonight. I'm goin' to buy me a yoyo and a two up coin tosser.....should give me about the same chance.
  • #10,839
  • Aug 31, 2011 4:48am Aug 31, 2011 4:48am
I have been testing some stuff on TMS. been scalping on the 1M+5M+15M.
I have been taking larger TP with larger TF. allthough i only got 20 pips out of my longer TF looking back i could easily have squeezed it up to 30 or 35 without any problem during that period.

Scalping is cool and there are many many trades, and i always scalp looking at the larger picture, so im running with the trend and NOT against. The same is through on the larger TF as well.

But take a look at it, and remember it has all been on a demo. I like to backtest, and then do some live demo trades before i do anything......Then i make the detailed plan on when and where to exit and enter......its all about MM (Money Management) and MM is totally different from people to people and thats why 1 set of rules presented to 2 different persons will be traded differently. Human nature........
Attached File(s)
File Type: pdf Lehmann Demo.pdf   406 KB | 1,155 downloads
  • #10,840
  • Aug 31, 2011 5:07am Aug 31, 2011 5:07am
Quoting dean
Get out I reckon Davo.....its a f*&^ing washing machine out there tonight. I'm goin' to buy me a yoyo and a two up coin tosser.....should give me about the same chance.
Yeah it stopped out at break even. Ho hum.
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