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Trading Made Simple

  • #15,061
  • May 29, 2012 10:57am May 29, 2012 10:57am
sell eurusd

Attached Image (click to enlarge)
Click to Enlarge Name: sell eurusd.gif Size: 49 KB


tp= +33 pips

sell gbpusd

Attached Image (click to enlarge)
Click to Enlarge Name: sell gbpusd.gif Size: 52 KB


tp= +41 pips

sell eurjpy

Attached Image (click to enlarge)
Click to Enlarge Name: sell eurjpy.gif Size: 49 KB


tp= +32 pips


total : 33+41+32= 106 pips
  • #15,062
  • Jun 6, 2012 4:01am Jun 6, 2012 4:01am
hi admrialfx,

Your trades looks really good, wish i can bag in those pipes like u as well
  • #15,063
  • Jun 6, 2012 2:47pm Jun 6, 2012 2:47pm
Hy there guys...
Haven't posted since last year, I demo traded and had pretty good results but didnt concentrate hard on forex but now I really want to study everything and just ''feel'' the market for TMS.
If Im going to study harder and become a good trader in lets say 1-2 years, can I make with TMS consistent profit every month (in the current or the future state of market/world) and also whats the average ROI for TMS per month ? Something like 8-9 % ?
THank you!
  • #15,064
  • Edited 1:43am Jun 7, 2012 1:09am | Edited 1:43am
Quoting iNs0mN1a
Hy there guys...
Haven't posted since last year, I demo traded and had pretty good results but didnt concentrate hard on forex but now I really want to study everything and just ''feel'' the market for TMS.
If Im going to study harder and become a good trader in lets say 1-2 years, can I make with TMS consistent profit every month (in the current or the future state of market/world) and also whats the average ROI for TMS per month ? Something like 8-9 % ?
THank you!
Hi iNs0mN1a,

This is a Frequently Asked Question FAQ.
Since you said you demo traded and have pretty good results, you need to continue practice on demo and analyse what your result would be like after 300 trades then 1000 trades.

Look at your own trade results for consistency and ask yourself if you have mastered this TMS system. What is your money management stategy and how good are you in managing your trading psychology.

Different traders trading the same system will have different end results. It will not help you decide by looking at another traders results.
If you ask TMS traders whether they cane make 8~9% per month, you will get a variety of answers. Some will tell you they can more than 20%. Will this help you in your decision to trade live?

It will be based on your trading ability to make the ROI you want. The market is dynamic, nobody knows what the market condition will be like and how this TMS need to be refine to changing market conditions.

Be mindful, trading a $10k account is very different from trading a $100k account. This has to do with the trader's mental strength in how he treats his money.
There are a lot of other considerations/factors one has to consider before he/she jumps into to trade for a living.
It is not that simple decision to make. Plenty of books out there to read and learn before taking the plunge.

Read Dr Alexander Elder " Trading for a Living" is where I suggest to start with.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,065
  • Jun 8, 2012 1:39am Jun 8, 2012 1:39am
Hello all,

the 3 amigo's are going off, off i tells ya. Heading south with a fair bit of room to fall as downtrend appears to be resuming. Get the wheelbarrow!

Safe trading all. Risk reward/moneymanagement has been my most important lesson.
'Fail to plan, plan to fail'
  • #15,066
  • Jun 8, 2012 3:49am Jun 8, 2012 3:49am
Quoting Guitarbloke
Hello all,

the 3 amigo's are going off, off i tells ya. Heading south with a fair bit of room to fall as downtrend appears to be resuming. Get the wheelbarrow!

Safe trading all. Risk reward/moneymanagement has been my most important lesson.
I think the magificient seven are all riding in the same direction....
Bernanke kill EU with his speech last night or did he not?
thanks to him .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,067
  • Jun 12, 2012 9:44am Jun 12, 2012 9:44am
Hi All,
I found out this method really fits me now (I guess), because with patience and good MM & less greed, I could win 20-30 pips (30 pips Max TP). Anyway, I just finished 10 pages on this thread.

The key is... be patient till the setup HA CS shows...

Here I attached my trades for 2 days and this is my real micro account.

Attached Image (click to enlarge)
Click to Enlarge Name: My Trades (11-12June12).png Size: 10 KB
  • #15,068
  • Jun 12, 2012 12:50pm Jun 12, 2012 12:50pm
Hello

I claim this system is really simple and clear to understand.I started forex 2months ago so i didn't study everything yet.Anyway i found this system really works if u have patience and i decided to test it for a long time.

I took a few trades already with profits only, using 4h chart.Unfortunately i'm not at home when London and NY opens so i miss a couple of good trades.


This thread is large so if anyone could post a page where are some imporant things about the system I will appreciate it.
  • #15,069
  • Jun 12, 2012 1:28pm Jun 12, 2012 1:28pm
Quoting Freak
Hello

I claim this system is really simple and clear to understand.I started forex 2months ago so i didn't study everything yet.Anyway i found this system really works if u have patience and i decided to test it for a long time.

I took a few trades already with profits only, using 4h chart.Unfortunately i'm not at home when London and NY opens so i miss a couple of good trades.


This thread is large so if anyone could post a page where are some imporant things about the system I will appreciate it.
See for instance:
http://www.forexfactory.com/showthre...75#post5463775

I am in the same situation that you are, and agree with you.
Best of luck
  • #15,070
  • Jun 12, 2012 2:42pm Jun 12, 2012 2:42pm
Quoting atuque1
Hi All,
I found out this method really fits me now (I guess), because with patience and good MM & less greed, I could win 20-30 pips (30 pips Max TP). Anyway, I just finished 10 pages on this thread.

The key is... be patient till the setup HA CS shows...

Here I attached my trades for 2 days and this is my real micro account.

Attachment
Great results, keep up the good work. The only problem i have with your results is you are trading with no SL and could lose all in one single trade.
  • #15,071
  • Jun 12, 2012 8:36pm Jun 12, 2012 8:36pm
Quoting cajun
Great results, keep up the good work. The only problem i have with your results is you are trading with no SL and could lose all in one single trade.
Thanks.
I did not put SL because I was in front of the PC at all time (because I was working in the office & I was using 1 unoccupied monitor to monitor all the charts). Will put SL if I have to be out of office & will set SL at BE or at least 1-2 pips on green.
  • #15,072
  • Jun 12, 2012 8:52pm Jun 12, 2012 8:52pm
Quoting atuque1
Hi All,
I found out this method really fits me now (I guess), because with patience and good MM & less greed, I could win 20-30 pips (30 pips Max TP). Anyway, I just finished 10 pages on this thread.

The key is... be patient till the setup HA CS shows...

Here I attached my trades for 2 days and this is my real micro account.

Attachment
Hi atuque,

Good trades!

Q1. How do you determine the lot size for your trades? I notice you have different lot size in the attachment.

Q2. How do you exit your trades?

Q3. If you do not place SL in your trade terminal, what happens if there is an outage and you cannot get connection to your broker?

Overall, your trade results shows that you are profitable in trading TMS.

It would be more useful for learninbg if you post your charts showing the trades entries and exits. In this way, we can learn from your trade entry timing and exits in the timeframe you made those trades.

Congratulations for the wins.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,073
  • Jun 13, 2012 1:48am Jun 13, 2012 1:48am
Hey atuque1,

those trades look great! Good job!

I'm just curious, what time frame do you use to trade? 4h? 1h? Or do you switch in between? Also, what time zone are you in? Just curious so I can check on my charts if I would have done the same trades as you.

Keep up the great work!


Mike
  • #15,074
  • Jun 13, 2012 2:43am Jun 13, 2012 2:43am
Hello with all,
I took GBP/CHF with the opening of Londre. What think about it?
Thanks.
  • #15,075
  • Jun 13, 2012 2:49am Jun 13, 2012 2:49am
Quoting flamenco72
Hello with all,
I took GBP/CHF with the opening of Londre. What think about it?
Thanks.
Post a chart and you may get answers.
  • #15,076
  • Jun 13, 2012 2:49am Jun 13, 2012 2:49am
Quoting flamenco72
Hello with all,
I took GBP/CHF with the opening of Londre. What think about it?
Thanks.

hi,

which timeframe are you trading?

it would good if you post your chart showing your trade entry, SL and TPs.... and what are your thoughts behind taking that trade.

thanks

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,077
  • Jun 13, 2012 3:05am Jun 13, 2012 3:05am
Here my chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture GBP_CHF.jpg Size: 146 KB
  • #15,078
  • Jun 13, 2012 3:12am Jun 13, 2012 3:12am
Quoting flamenco72
Here my chart.
Looks like a legimate trade to me, TDI cross and below 50, 5ema crossing 55ema, others may have different opinions but i would have taken that trade.

Good Luck
  • #15,079
  • Jun 13, 2012 3:14am Jun 13, 2012 3:14am
Merci cajun
  • #15,080
  • Jun 13, 2012 3:17am Jun 13, 2012 3:17am
Quoting flamenco72
Here my chart.

Hi,

entry based on LO looks okay. except it is the 5th bar after TDI cross on H1.

I check higher TF H4 and there maybe a support zone below.... last week; high.
H4 TDI cross confirmed at the last H4 bar closed.... looks good.

we never know how the market will go, so we concentrate on management after we placed our trades.

manage well and get some pips out of this trade.

Good Trading !
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF week 24 H4 view 13-6-2012 4-08-56 PM.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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