Trading Made Simple for Day Charts | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,873 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

Charts, Charts, Charts! 1 reply

Trading Made Simple Charts Journal 2 replies

Attachments: Trading Made Simple for Day Charts
Exit Attachments

Trading Made Simple for Day Charts

  • #221
  • Jan 5, 2012 10:13am Jan 5, 2012 10:13am
EurUsd is probably going to have a short signal at the close.
"All good things come to those who wait..."
  • #222
  • Jan 5, 2012 10:36am Jan 5, 2012 10:36am
Quoting nemke
But isn't this trading against the trend? As per previous posts i thought the idea was not to try and catch the reversals but trade in the direction of the trend?

as always - thanks!
The key statement in the post was " A lot depends on the current candle continuing north - looking for this to break the next resistance (blue horiz line - previous Fractal Down)"

PA did not continue, the candle did not close above previous Fractal (Resistance) and the 5EMA was never broken - result = no trade.

Every reversal starts off going against the trend - but you must have confirmation and for trend reversals I wait for candles to close above the entry points. Even then, the next candle may revers, which is why you only trade the high probability entries.
"To live with Passion, it takes Courage and Grace to survive"
  • #223
  • Jan 5, 2012 11:30am Jan 5, 2012 11:30am
Slowly but surely I'm climbing out of the (demo)hole I fell in September last year.
I wasn't very succesful trading TMS in the lower TFs (understatement of the year).
In December I've decided to give D1 a try and now I'm grabbing those pips back the market took from me !
Attached Image (click to enlarge)
Click to Enlarge Name: Switch to TMS trading on the Daily.PNG Size: 36 KB
Financial independence is what I live for
  • #224
  • Jan 5, 2012 11:40am Jan 5, 2012 11:40am
Quoting smatthew
Slowly but surely I'm climbing out of the (demo)hole I fell in September last year.
I wasn't very succesful trading TMS in the lower TFs (understatement of the year).
In December I've decided to give D1 a try and now I'm grabbing those pips back the market took from me !
Well done smatthew!

Just keep doing the same things (entries and exits), over and over - keep it simple and don't try and over complicate things. Continue trading the same way you have been doing this past week - and the account will look after itself.
  • #225
  • Jan 5, 2012 11:49am Jan 5, 2012 11:49am
Quoting fxjourney
Well done smatthew!

Just keep doing the same things (entries and exits), over and over - keep it simple and don't try and over complicate things. Continue trading the same way you have been doing this past week - and the account will look after itself.
This is I agree... Keep it simple ... avoid complicated things... works like a charm...
  • #226
  • Jan 5, 2012 12:01pm Jan 5, 2012 12:01pm
Great to see trades go my way for a change.
More on this later.
Financial independence is what I live for
  • #227
  • Jan 5, 2012 12:21pm Jan 5, 2012 12:21pm
go the way with D1.
I trade euro-usd entry 1.2884.
Wich pairs you have on the radar?
Dont forget nfp on friday!
Quoting smatthew
Great to see trades go my way for a change.
More on this later.
  • #228
  • Jan 5, 2012 12:28pm Jan 5, 2012 12:28pm
Quoting stevebalmmer
go the way with D1.
I trade euro-usd entry 1.2884.
Wich pairs you have on the radar?
Dont forget nfp on friday!
Hi, Steve!

Very nice entry, I was thinking about it too, but TMS show bullish divergence and there was not a cross yet. But anyway still nice entry.
"All good things come to those who wait..."
  • #229
  • Jan 5, 2012 12:40pm Jan 5, 2012 12:40pm
thanks lost fx,
any other pairs on the radar?
gbp-usd?
Quoting lostfx
Hi, Steve!

Very nice entry, I was thinking about it too, but TMS show bullish divergence and there was not a cross yet. But anyway still nice entry.
  • #230
  • Jan 5, 2012 12:47pm Jan 5, 2012 12:47pm
My broker have a tdi cross!
I have make a pending order.
Quoting lostfx
Hi, Steve!

Very nice entry, I was thinking about it too, but TMS show bullish divergence and there was not a cross yet. But anyway still nice entry.
  • #231
  • Jan 5, 2012 12:50pm Jan 5, 2012 12:50pm
Aud-USD . short
usd-cad long!
guys what you mean?
Attached Image (click to enlarge)
Click to Enlarge Name: dieter börse.gif Size: 25 KB
  • #232
  • Jan 5, 2012 1:36pm Jan 5, 2012 1:36pm
Quoting stevebalmmer
thanks lost fx,
any other pairs on the radar?
gbp-usd?
usdchf
Attached Image (click to enlarge)
Click to Enlarge Name: u.gif Size: 48 KB
  • #233
  • Jan 5, 2012 1:39pm Jan 5, 2012 1:39pm
Quoting Tedge UK
usdchf
usdchf
Attached Image (click to enlarge)
Click to Enlarge Name: u.gif Size: 49 KB
  • #234
  • Jan 5, 2012 2:26pm Jan 5, 2012 2:26pm
Quoting stevebalmmer
thanks lost fx,
any other pairs on the radar?
gbp-usd?
GBPUSD looks promising too. Maybe put a pending sell order below today's LOW?

Lost
"All good things come to those who wait..."
  • #235
  • Jan 5, 2012 2:27pm Jan 5, 2012 2:27pm
Quoting Tedge UK
usdchf
Looks good but be carefull, you have there double top.
It might bounce before coming thru the resistance.

Put a pending buy above the previous top.
Lost
"All good things come to those who wait..."
  • #236
  • Jan 5, 2012 2:28pm Jan 5, 2012 2:28pm
two disaster entries following TMS cross on daily charts with

GBPUSD long on second candle after cross
EURUSD long on cross candle

lost 70 pips on each
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdD.gif Size: 23 KB
Click to Enlarge Name: eurusdd.gif Size: 23 KB
  • #237
  • Jan 5, 2012 2:32pm Jan 5, 2012 2:32pm
Quoting Nacho
two disaster entries following TMS cross on daily charts with

GBPUSD long on second candle after cross
EURUSD long on cross candle

lost 70 pips on each
Hi, Nacho!

Looking at your charts, you are going against major trend.

Even TMS oscilator MTF is showing you that higher TF is in donwtrend (MN) or ranging (W1).
"All good things come to those who wait..."
  • #238
  • Jan 5, 2012 2:36pm Jan 5, 2012 2:36pm
Quoting Nacho
two disaster entries following TMS cross on daily charts with

GBPUSD long on second candle after cross
EURUSD long on cross candle

lost 70 pips on each
I've hit my head by going long on GU earlier this week.
EU same story, except I didn't take that cross up.

Check my previous posts on EURHKD and two other failed trades.
Same exact situation: trading against the trend
Financial independence is what I live for
  • #239
  • Jan 5, 2012 2:42pm Jan 5, 2012 2:42pm
thank you smatthew and lostfx,

as for eurusd yeah, I was definetely going against the trend...but gbpusd? it was the fourth consecutive blue candle, I thought it could start climbing up...
  • #240
  • Jan 5, 2012 2:47pm Jan 5, 2012 2:47pm
Quoting Nacho
thank you smatthew and lostfx,

as for eurusd yeah, I was definetely going against the trend...but gbpusd? it was the fourth consecutive blue candle, I thought it could start climbing up...
It clearly shows where I went wrong:
http://www.forexfactory.com/attachme...1&d=1325632173
Financial independence is what I live for
0 traders viewing now