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Trading Made Simple

  • #16,441
  • Mar 25, 2013 7:26am Mar 25, 2013 7:26am
EU 25 Mar H1 trade update NYO:

This trade running nicely. Now move stop to protect +31pips, move TP2 further down and will consioder to convert this trade to H4 Swing.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 25 Mar H1 trade update NYO 25-3-2013 8-20-59 PM.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,442
  • Mar 25, 2013 7:30am Mar 25, 2013 7:30am
Quoting emmanuel7788
GU 25 Mar NYO:

H4 shows TDI cross down but with a H4 pin bar at 1.5200
H1 PA looks like pullback candle...

conflicting signal ... tough decison to buy or sell now?

I'd love to learn the falling knife but , Im already full with Tms on EU And GU
And xman swing method on 20+pairs,
+ DIB on GJ , EJ , GNZD. I picked three most volatile pairs for using DIB method (4Hour TF) . Guess im either too greedy or picky
I will keep in mind about NR4IB. I downloaded the PDF, Whenever DIB/TIB fails with a 1 or 2 pip difference i will try to use NR4IB on a 4 hour chart.
Oh BTw im short on E/U , E/A , G/U.
E/U and E/A satified swing method conditions,
GU is based on TDI cross.
Here is a gift from me to you for telling me about DIB(G/J chart ) .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ea.gif Size: 24 KB
Click to Enlarge Name: eu.gif Size: 24 KB
Click to Enlarge Name: gj.gif Size: 17 KB
  • #16,443
  • Mar 25, 2013 7:33am Mar 25, 2013 7:33am
Quoting emmanuel7788
GU 25 Mar NYO:

H4 shows TDI cross down but with a H4 pin bar at 1.5200
H1 PA looks like pullback candle...

conflicting signal ... tough decison to buy or sell now?
Hello emmanuel

First of all want to say Thanks and Big Applause for sharing your precious experience with us.Charts posted are knowlejo-mative for all newbies like me.Have seen the first page of thread many times basic has come but seems to me I have no clear and defined checklist for entry and exit of the system.Please teach what make entry and exit for you on chart?wish your explanation will make clear all the doubt of all the traders.

Thanks you
frank
  • #16,444
  • Mar 25, 2013 7:49am Mar 25, 2013 7:49am
Quoting emmanuel7788
How to catch a 'falling knife' trade?

Who wants to learn how to catch a 'falling knife' trade?

Let me see 50 post yes and I shall share this.

Offer valid till NY close today... Patience!
Hi Emmanuel, yes please.learn a lot from them links last week.
  • #16,445
  • Mar 25, 2013 8:06am Mar 25, 2013 8:06am
Quoting frank.david
Hello emmanuel

First of all want to say Thanks and Big Applause for sharing your precious experience with us.Charts posted are knowlejo-mative for all newbies like me.Have seen the first page of thread many times basic has come but seems to me I have no clear and defined checklist for entry and exit of the system.Please teach what make entry and exit for you on chart?wish your explanation will make clear all the doubt of all the traders.

Thanks you
frank
Hi frank,
Thanks.
But I am not sure if you have traded this TMS method so far. The entry and exit rules have been explained by Big E in his posts.
Which timeframe do you trade?
Do you have any specific question
This would help me in future posts to show how trade are taken and managed.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,446
  • Mar 25, 2013 8:11am Mar 25, 2013 8:11am
Quoting emmanuel7788
EU 25 Mar H1 trade update NYO:

This trade running nicely. Now move stop to protect +31pips, move TP2 further down and will consioder to convert this trade to H4 Swing.
http://www.forexfactory.com/attachme...1&d=1364214351
'Further update moving my stops to protect more profit.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 25 Mar H1 Trade update NYO+1 25-3-2013 9-00-59 PM.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,447
  • Mar 25, 2013 8:41am Mar 25, 2013 8:41am
Quoting emmanuel7788
How to catch a 'falling knife' trade?

Who wants to learn how to catch a 'falling knife' trade?

Let me see 50 post yes and I shall share this.

Offer valid till NY close today... Patience!
yes!
  • #16,448
  • Mar 25, 2013 8:44am Mar 25, 2013 8:44am
Ok...

It's 7:40 a.m. here in Montana, I just woke up and
liquidated out of my eur/usd short for a total of
105 points. (105 x $10.00 = $1050.) I'am happy
and that's a good way to start the week, it put a smile
on my face and a skip in my step. No big deal...

snarlyjack
Attached Image (click to enlarge)
Click to Enlarge Name: pictures13gif.gif Size: 24 KB
  • #16,449
  • Mar 25, 2013 8:49am Mar 25, 2013 8:49am
Quoting emmanuel7788
Hi frank,
Thanks.
But I am not sure if you have traded this TMS method so far. The entry and exit rules have been explained by Big E in his posts.
Which timeframe do you trade?
Do you have any specific question
This would help me in future posts to show how trade are taken and managed.

regards,
I have not traded this TMS.This is new for me and I spend my analysis time on H1,H4 and D charts mostly.

The entry and exit rules have been explained by Big E in his posts. That's means The Big E system explanation is the root explanation right (no modification in system yet)?

Yes I have specific questions chart by chart.sure you would clear me like all.

Thanx
  • #16,450
  • Mar 25, 2013 8:51am Mar 25, 2013 8:51am
Quoting snarlyjack
Ok...

It's 7:40 a.m. here in Montana, I just woke up and
liquidated out of my eur/usd short for a total of
105 points. (105 x $10.00 = $1050.) I'am happy
and that's a good way to start the week, it put a smile
on my face and a skip in my step. No big deal...

snarlyjack
i really like your chart, clean and simple
  • #16,451
  • Mar 25, 2013 8:53am Mar 25, 2013 8:53am


Quoting snarlyjack
Ok...

It's 7:40 a.m. here in Montana, I just woke up and
liquidated out of my eur/usd short for a total of
105 points. (105 x $10.00 = $1050.) I'am happy
and that's a good way to start the week, it put a smile
on my face and a skip in my step. No big deal...

snarlyjack
  • #16,452
  • Mar 25, 2013 9:04am Mar 25, 2013 9:04am
Thanks Tribe & Fxtrade13,

I have found that simpler really is better. I seem to make
mistakes when my chart is all cluttered-up. For some reason
I seem to pay attention to all the moving averages and
other indicators, so I took them all off and have done much
better $$$ without them. Imho less is more...

snarlyjack
  • #16,453
  • Mar 25, 2013 9:16am Mar 25, 2013 9:16am
Quoting emmanuel7788
How to catch a 'falling knife' trade?

Who wants to learn how to catch a 'falling knife' trade?

Let me see 50 post yes and I shall share this.

Offer valid till NY close today... Patience!

Moin Moin, emmanuel7788.

I am learning alot from your posts. It is opening my eyes to more sophistocated techniques to trading, yet fairly simple methods if one puts the time and efforts into them.
Thank you for putting alot of your time to helping us all.
I too am very much interested in learning about catching a "falling knife" trade.

Cheers.

Steve
  • #16,454
  • Mar 25, 2013 9:19am Mar 25, 2013 9:19am
Quoting Winner1245
I'd love to learn the falling knife but , Im already full with Tms on EU And GU
And xman swing method on 20+pairs,
+ DIB on GJ , EJ , GNZD. I picked three most volatile pairs for using DIB method (4Hour TF) . Guess im either too greedy or picky
I will keep in mind about NR4IB. I downloaded the PDF, Whenever DIB/TIB fails with a 1 or 2 pip difference i will try to use NR4IB on a 4 hour chart.
Oh BTw im short on E/U , E/A , G/U.
E/U and E/A satified swing method conditions,
GU is based on TDI cross.
Here is a gift from me to you for...
Just closed my E/A position for 78 pips.
E/U also UP by 70+ pips , Targetting 1.2880 support.
G/U UP by 30pips.
  • #16,455
  • Mar 25, 2013 9:23am Mar 25, 2013 9:23am
Quoting emmanuel7788
How to catch a 'falling knife' trade?

Who wants to learn how to catch a 'falling knife' trade?

Let me see 50 post yes and I shall share this.

Offer valid till NY close today... Patience!
Yes please.
  • #16,456
  • Mar 25, 2013 9:26am Mar 25, 2013 9:26am
Quoting frank.david
I have not traded this TMS.This is new for me and I spend my analysis time on H1,H4 and D charts mostly.

The entry and exit rules have been explained by Big E in his posts. That's means The Big E system explanation is the root explanation right (no modification in system yet)?

Yes I have specific questions chart by chart.sure you would clear me like all.

Thanx
Hi frank,

you can trade the simple way like Big E on the 4-hour period. That suits his lifestyle and he only check his charts once every 4-hours.
His way is really simple - TDI cross, TDI 12-2 or 4-6, HA change colour, entry only in the frist 1-2 candles colour change, etc.
This same simple way you can trade the London and NY sessions.

I trade differently using Candlestick Patterns as my trade setups and Price Action with Support and Resistance. The TDI is there for confirmation.
I am also a breakout trader so you see many of my trade are based on price level breakout. If you follow some of my trades posted, I get into the market before the TDI crosss or HA change colour.

Today EU trade is an example how I got my entry using CS pattern at S&R. What is more important is also how I manage my trades for maximum run.

Going forward, I try post some of my intraday trades so you all can learn the way I trade.

Hope this helps.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,457
  • Mar 25, 2013 9:52am Mar 25, 2013 9:52am
Eu 25 Mar H1 trade closed.

Initial risk -30pips R
Risk 1% per trade, two positions.
Total pips 181pips
Result - 6R trade, 6% return.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 25 Mar H1 trade closed 25-3-2013 10-47-11 PM.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,458
  • Mar 25, 2013 9:55am Mar 25, 2013 9:55am


Quoting emmanuel7788
Eu 25 Mar H1 trade closed.

Initial risk -30pips R
Risk 1% per trade, two positions.
Total pips 181pips
Result - 6R trade, 6% return.
  • #16,459
  • Mar 25, 2013 10:03am Mar 25, 2013 10:03am
Hi,

Can anybody help, is this a cross that just happened or is it classed as touching?
The candle has literally just opened on the image.
first image full zoom, second pulled out twice.

I have no intention on taking the trade its the cross i'm curious about.

Many thanks

Adam

http://charts.mql5.com/1/207/usdcads...ad-trading.png
http://charts.mql5.com/1/207/usdcads...-trading-2.png
  • #16,460
  • Mar 25, 2013 10:11am Mar 25, 2013 10:11am
Quoting adamjhdavis
Hi,

Can anybody help, is this a cross that just happened or is it classed as touching?
The candle has literally just opened on the image.
first image full zoom, second pulled out twice.

I have no intention on taking the trade its the cross i'm curious about.

Many thanks

Adam

http://charts.mql5.com/1/207/usdcads...ad-trading.png
http://charts.mql5.com/1/207/usdcads...-trading-2.png

if you want dead accuracy of trhe TDi PL vs TSL, read the correspondning TDI Pl and TSL prices in the Data Window.

EOD for me, my bedtime now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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