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Trading Made Simple

  • #11,801
  • Sep 21, 2011 3:59pm Sep 21, 2011 3:59pm
Now this is what I call a trade. Who says this doesn't work on shorter timeframes. Short Cable for a total of +180.

Good to see you logged on Big E. Thanks for the Simplicity.....
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Short Euro and remaining that way. That's just the way it is !
  • #11,802
  • Sep 21, 2011 4:01pm Sep 21, 2011 4:01pm
Quoting eelfranz
Beautiful play starting at 5:30am Pacific Time on the 3 Amigos.... e/u, g/u, a/u.... money galore....

Missed it but wanted to personally say "Thank you for this method, I have high hopes!"
  • #11,803
  • Sep 21, 2011 4:13pm Sep 21, 2011 4:13pm
Quoting Britpip7
Looking forward to seeing some charts and following your trading success - looks like we can all learn from you
Me too, although Forex is not easy, It is not also as complicate as many want you to believe.
Indicators always obey Price, not the other way.
  • #11,804
  • Sep 21, 2011 4:24pm Sep 21, 2011 4:24pm
Waiting for the "Three Amigos" going up?

I'm not trying to add anything to the original rules, but the bigger is the distance between the green line and the red line, the bigger are the chances for the reversal.

Usually the reversal starts when the difference is 8-10. Right now EURUSD's green line 32 and the red line is 49, so the difference is 17.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,805
  • Sep 21, 2011 5:09pm Sep 21, 2011 5:09pm
Quoting Callisto
I was going to put a little tutorial on how one could enter this trade after the initial 1 hour candle dropped, using the MT4 Fibonacci Tool set to show Entry, Stop Loss & Profit Target at a 1 to 1 ratio, but the market dropped so quick, and I got distracted by work, lunch, etc.

However, anyone not in a trade could have set an ENTRY as a SELL STOP at the low of the first candle, during the second hour green candle; this ensures that when you are entering a trade, tha market is moving your way, which in...
The intention of my post was not to criticize or offend anyone. I may also have misunderstood the wordings in your above message which explained the entry method besides managing the trades. In any case, if my message appears harsh I apologize for that. In regards to Dcginc, most of his post are around managing and NOT entering the trades. Moreover, I am not policing anyone as I am not the thread owner and anyone can post whatever he/she thinks best. My only concern is out of respect to Big E we should restrict ourselves to TMS in this thread.

In regards to the Daily Free Secret, if I am not mistaken, that entry was not a TMS (7th from crossover and 3rd from bounce) but probably the breakout method, therefore please allow me to add another perspective through chart as how this pair could have been traded differently.

No hard feelings mate. Happy trading and more green pips to you.

P.S. I know many people including myself are not happy to see charts in this thread which are not based on TMS therefore I promise this is the last chart outside TMS
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Forex is boring but profitable with patience and discipline
  • #11,806
  • Sep 21, 2011 6:25pm Sep 21, 2011 6:25pm
Quoting Favorite
piprac, I'm sorry for not replying earlier, I haven't visited the thread for 10 hours.

I'm attaching my template.
That's ok, I'm a slow reader!!! thank you.
  • #11,807
  • Sep 21, 2011 9:16pm Sep 21, 2011 9:16pm
Favorite speaks, Bernanke speaks
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OPPORTUNITY IS NOWHERE
  • #11,808
  • Sep 21, 2011 9:59pm Sep 21, 2011 9:59pm
does anyone know if the triggerline indicator repaints?
  • #11,809
  • Sep 21, 2011 10:58pm Sep 21, 2011 10:58pm
Quoting Callisto
Favorite speaks, Bernanke speaks

Eur/Usd and Aud/Usd actually went further I believe.. crazy. I was asleep.. not that I would have tried to trade that.. cause.. you never know what it might do...
  • #11,810
  • Sep 21, 2011 10:59pm Sep 21, 2011 10:59pm
Quoting Callisto
Favorite speaks, Bernanke speaks
Favorite says: "Better be safe than sorry!"

And Big E says not to trade the news.

And he is right!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,811
  • Sep 21, 2011 11:34pm Sep 21, 2011 11:34pm
Quoting Favorite
Favorite says: "Better be safe than sorry!"

And Big E says not to trade the news.

And he is right!
I am ALWAYS safe with my trades, I know my entry, my stop loss, my risk (2%) and my position size BEFORE placing the trade.

On the 6th, during the Swiss Bank announcement, I had 2 short positions, down 2% on the EUR_CHF and down 2% on the GBP_CHF, it happens, but my account is 10% above what it was then.

Once you get past the FEAR of losing, start to understand that ANYTHING CAN HAPPEN, and learn to Position Size to control RISK, then trading becomes EASY, almost SIMPLE you could say, another Big E saying
OPPORTUNITY IS NOWHERE
  • #11,812
  • Sep 21, 2011 11:34pm Sep 21, 2011 11:34pm
Quoting Favorite
Favorite says: "Better be safe than sorry!"

And Big E says not to trade the news.

And he is right!
I totally agree with that statement... been there.. done that!
  • #11,813
  • Sep 21, 2011 11:49pm Sep 21, 2011 11:49pm
Quoting Callisto
On the 6th, during the Swiss Bank announcement, I had 2 short positions, down 2% on the EUR_CHF and down 2% on the GBP_CHF, it happens, but my account is 10% above what it was then.
And that proves what? Isn't it a norm? What do you expect to hear from me? "You haven't blown your account, good for you! Oh, you've made 10% in 16 days, you're genius" ???

Big E says time and time again that we have to be VERY careful around the news, and his opinion is much more important for me than this your "exceptional" Bernanke-sample.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,814
  • Sep 22, 2011 12:00am Sep 22, 2011 12:00am
Quoting Callisto
Once you get past the FEAR of losing, start to understand that ANYTHING CAN HAPPEN, and learn to Position Size to control RISK, then trading becomes EASY, almost SIMPLE
And who says "bla bla bla", you or I?

With the statements like this you'd better go to the special "bla bla bla" thread:
http://www.forexfactory.com/showthread.php?t=314326

(You'll meet your twin brother Doctor overthere. And it's funny, your twin brother also loves "caps lock", just like you)
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,815
  • Sep 22, 2011 1:15am Sep 22, 2011 1:15am
cant find nice entry today. U guys?
  • #11,816
  • Sep 22, 2011 1:20am Sep 22, 2011 1:20am
Quoting fufighter
cant find nice entry today. U guys?
No, still waiting (and scalping M-5). Maybe it's one of those days...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,817
  • Sep 22, 2011 1:27am Sep 22, 2011 1:27am
Quoting Callisto
Once you get past the FEAR of losing...
Spot on man...

It is fear that makes you cut a trade early when drawn down only to watch it reverse and hit your profit limit. Or not letting your profits run incase the trade turns against you and goes negative.

Fear stops you pressing the button when you instinctively know you should be entering the market. You then watch the price move favorably without you...

I think it's a huge factor in being profitable and something all traders need to overcome to succeed. I'm getting there but being able to trade live without emotion is easier said than done!
  • #11,818
  • Edited 2:25am Sep 22, 2011 1:59am | Edited 2:25am
Quoting davlo
does anyone know if the triggerline indicator repaints?
I don't know but am going to take a few screen shots to examine as I use triggerlines. Hadn't even worried about repainting until you mentioned it!

*25 minutes later and I can tell you it doesn't / hasn't repainted the minute charts so I think it's OK*
  • #11,819
  • Sep 22, 2011 2:45am Sep 22, 2011 2:45am
Quoting Favorite
No, still waiting (and scalping M-5). Maybe it's one of those days...

I was just entered G/C on 4 hours ( just saw it) current + around 30-40 pips. Hope it make up to -40 loss this morning from G/A lol!
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  • #11,820
  • Sep 22, 2011 2:48am Sep 22, 2011 2:48am
buy gbpusd h1

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