Trading Made Simple | Page 558 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #11,141
  • Sep 6, 2011 1:11pm Sep 6, 2011 1:11pm
Just when you thought it was safe to go in the water. Bank intervention is like the weather, always predicted but almost never predicted right.

FYI.

http://www.reuters.com/article/2011/...7854IT20110906

L
  • #11,142
  • Sep 6, 2011 1:21pm Sep 6, 2011 1:21pm
Quoting lionsden
Just when you thought it was safe to go in the water. Bank intervention is like the weather, always predicted but almost never predicted right.

FYI.

http://www.reuters.com/article/2011/...7854IT20110906

L
A-A-A-A-A-A-A-A-A-A-A!!! Those bastards!

I'm so glad that I don't trade Swiss franc!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,143
  • Sep 6, 2011 1:22pm Sep 6, 2011 1:22pm
Guys you have to excuse me if this is a very noobie question but what does "PA" stand for?
  • #11,144
  • Sep 6, 2011 1:26pm Sep 6, 2011 1:26pm
Quoting Purger
Guys you have to excuse me if this is a very noobie question but what does "PA" stand for?
"PA" = Price Action
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,145
  • Sep 6, 2011 1:33pm Sep 6, 2011 1:33pm
Quoting Favorite
"PA" = Price Action
Thanks.
  • #11,146
  • Sep 6, 2011 1:44pm Sep 6, 2011 1:44pm
Quoting lhDT
Hi everyone,

I read all the posts (damn, it was so long but really interesting) !!

I've used that strategy and done some trades on H4 and H1 timeframes.
My question is, how to find to good SL and TP ?
Every time I placed a SL the trade was too early closed and after when I checked to "potential wins I was a bit disappointed.

So how do you find the good ones ?

Thanks for you replay,
Lh

PS : I'm a beginner but with a question like that you probably knew it.
Big E suggests stops just beyond the most recent high/low. Just look back a few candles where it turned and you can place your stop just beyond that.
TP is subjective. I like slighly larger TP than stops. (-20 stop and I go +25 or +30 limit) but that's just me. Many good ideas in this thread for that.
  • #11,147
  • Sep 6, 2011 1:45pm Sep 6, 2011 1:45pm
Good H-1 enters for "Three Amigos" in a couple of hours? We'll see. Too bad I don't trade during this time of a day - the market is too slow...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,148
  • Sep 6, 2011 2:59pm Sep 6, 2011 2:59pm
Hi Everyone ....

Hope the week is going well for you all.

Any questions? PM me.

My favorite plays are 32% up and 68% down on the TDI.

You have to check your TDI every time a new candle appears. OFTEN TIMES I'll check the current candle several times during the trade. Just my routine.

Do what works for you ..................
Attached Image
  • #11,149
  • Sep 6, 2011 3:03pm Sep 6, 2011 3:03pm
Anyone going long on AudUsd?

Graham
  • #11,150
  • Sep 6, 2011 3:08pm Sep 6, 2011 3:08pm
Quoting ghepburn
Anyone going long on AudUsd?

Graham
but im short audcad daily
  • #11,151
  • Sep 6, 2011 3:25pm Sep 6, 2011 3:25pm
Quoting ghepburn
Anyone going long on AudUsd?

Graham
Long not yet confirmed I think ?
#### Follow me at @LioH_ on Twitter ... ####
  • #11,152
  • Sep 6, 2011 4:27pm Sep 6, 2011 4:27pm
Quoting DayTraderBiH
Look at this one:

closed this short NZDUSD trade today, +100 pips
  • #11,153
  • Sep 6, 2011 5:02pm Sep 6, 2011 5:02pm
Quoting Nacho
closed this short NZDUSD trade today, +100 pips
Nice ! My take profit got hit at the near bottom at 0.8218 thats 200 pips for me. I love the Daily TF !
The Mind creates reality.
  • #11,154
  • Sep 6, 2011 5:45pm Sep 6, 2011 5:45pm
I made +40 on the N/U last night long... funny how it snakes around.
Personally, I'm waiting for a candle to close above or/ below the 5ema before I enter a trade. It seems to keep me out of the way of a bounce and confirms that price really has the intention of taking a new tack. If I get a H/A color change during a trade, I bail out period. Is this too conservative or am I being smart about it?
  • #11,155
  • Sep 6, 2011 5:48pm Sep 6, 2011 5:48pm
I guess it's a situation where it's better to be safe than sorry.
  • #11,156
  • Sep 6, 2011 6:23pm Sep 6, 2011 6:23pm
Ain't it the truth. Real money makes me think twice. I'm not making a lot, but I haven't been losing. That 5ema seems to be a dividing line. If the candle hasn't closed (At least part of it) above it, I'm staying out of a long. The opposite for a short. But that's just me being conservative.
  • #11,157
  • Sep 6, 2011 6:34pm Sep 6, 2011 6:34pm
Quoting FXSurf
Ain't it the truth. Real money makes me think twice. I'm not making a lot, but I haven't been losing. That 5ema seems to be a dividing line. If the candle hasn't closed (At least part of it) above it, I'm staying out of a long. The opposite for a short. But that's just me being conservative.
And you exits the trade when MA5 touch any candle ?
#### Follow me at @LioH_ on Twitter ... ####
  • #11,158
  • Sep 6, 2011 7:00pm Sep 6, 2011 7:00pm
What you guys think about AUDUSD spike?
  • #11,159
  • Sep 6, 2011 7:04pm Sep 6, 2011 7:04pm
Quoting FXSurf
Ain't it the truth. Real money makes me think twice. I'm not making a lot, but I haven't been losing. That 5ema seems to be a dividing line. If the candle hasn't closed (At least part of it) above it, I'm staying out of a long. The opposite for a short. But that's just me being conservative.
I use the ema in my trading placing pending orders a few pips away from the offending candle with a stop loss on the other side of it....combined with TMS its a powerful strategy. Here is my indi...I upgraded it since I last posted it. shows entry and stoploss. turn backtest to true to see historical buy and sell suggestions (small type 4 arrows red, green, yellow)
Attached File(s)
File Type: ex4 LessoSignalLine.ex4   9 KB | 1,077 downloads
  • #11,160
  • Sep 6, 2011 7:05pm Sep 6, 2011 7:05pm
Quoting Purger
What you guys think about AUDUSD spike?
Looking at at now. TDI cross down but however now PA is blue. If i had enter on this candle it's be be negative at the moment.

What do you think? it's such a nice angle for TDI, may be we should wait till the new candle appear and decide to go in or not.
70 traders viewing now