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Trading Made Simple

  • #16,621
  • Mar 28, 2013 4:00am Mar 28, 2013 4:00am
GU 28 Mar scalping M15 entry:
Attached Image (click to enlarge)
Click to Enlarge Name: GU 28 Mar LO M15 scalp entry 28-3-2013 4-59-09 PM.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,622
  • Mar 28, 2013 4:08am Mar 28, 2013 4:08am
Closed my USD/CHF for -14. Cut my loosers short, just above setup candle.
Waiting for AUD/USD and AUD/JPY longs

Cheers!
M.
Remember I'm a newbie!
  • #16,623
  • Mar 28, 2013 4:22am Mar 28, 2013 4:22am
Just wondering if GU is a pullback candle??
Attached Image (click to enlarge)
Click to Enlarge Name: gu 1hr.gif Size: 23 KB
  • #16,624
  • Mar 28, 2013 4:24am Mar 28, 2013 4:24am
H4 system fail oh this chart 53 pip loss.

Green had crossed at time of entry any comments, where did I go wrong?

http://charts.mql5.com/1/226/chfjpys...ad-trading.png
  • #16,625
  • Mar 28, 2013 4:25am Mar 28, 2013 4:25am
Quoting mierzyk
Closed my USD/CHF for -14. Cut my loosers short, just above setup candle.
Waiting for AUD/USD and AUD/JPY longs

Cheers!
M.
is good to followup on UChf as there was a run up this week, so before it turnaround, as you see the TDI VB widen up and the TDI went out of the VB. There must be consolidation before the TDI retruns back to the other end of the VB. But we shall see how market volatility will be to get a good price swing down. Anyhting between 160 and 220pips for a week swing would be great...maybe next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,626
  • Mar 28, 2013 4:28am Mar 28, 2013 4:28am
Quoting Winner1245
Just wondering if GU is a pullback candle??
that candle did not make a HH ... so we must wait for a change in colour on H1..
LON may have made its day high already, we don;t know this for sure.
only one person knows this better... he is Phx62
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,627
  • Mar 28, 2013 4:31am Mar 28, 2013 4:31am
Quoting adamjhdavis
H4 system fail oh this chart 53 pip loss.

Green had crossed at time of entry any comments, where did I go wrong?

http://charts.mql5.com/1/226/chfjpys...ad-trading.png
looking at your candles, there was no price action for a push up. so TDI did not confirm the PA....

remember PA leads and TDI is to confirm....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,628
  • Mar 28, 2013 4:34am Mar 28, 2013 4:34am
Quoting emmanuel7788
looking at your candles, there was no price action for a push up. so TDI did not confirm the PA....

remember PA leads and TDI is to confirm....
Ok thanks, so the ema was red and pointing down so I should have thought short and therefore waited?

Dont the candles usually want to return to the ema?

Regards

Adam
  • #16,629
  • Mar 28, 2013 4:38am Mar 28, 2013 4:38am
Quoting adamjhdavis
Ok thanks, so the ema was red and pointing down so I should have thought short and therefore waited?

Dont the candles usually want to return to the ema?

Regards

Adam
all moving averages are derivative of the price..
why should price return to the MA?
it is the MA which will catch up with the price.
I said this many times inn other threads.
so lets all get this logic correct...it is fact.

whether to long or to short depends on where you see PA and support and resistance.... the PASR concept of trading made easy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,630
  • Mar 28, 2013 4:38am Mar 28, 2013 4:38am
I think I kinda, sorta, get how the system works. Problem is, well, I'm not exactly efficient - I already fulfilled my target (200 pips a week), and if this is live account I would stop and, dunno, enjoy live or some such. It is not, though, and since I tried to get used to the system, I decided to go ahead and trade more.

Well, after some review, it appears my main problem is cold feet. I opened a lot of positions, check which of them likely to grow into trend, then close the one that doesn't seem to be. Problem is, I often wrong - not a big deal, since I got pips anyway. But it bugs me, so this time I tried to let it all grow. Well, doesn't seem to work. Though maybe because it is too early, and I get cold feet and pull out before the trend moves in expected direction. so. Umm. I kinda lost track what I want to ask... Oh, right.

When is the best time to close (probable) losing trade? Via indi, I mean. Or gut feeling, maybe?

EDIT: Oh, one more thing! I think it is language barrier, but I don't understand what Big E's says about, umm, "green TDI line goes flat, starts to hook over or makes a check mark reversal". The flat is obvious, but can I get example for 'starts to hook over', and 'makes a check mark reversal'?
It is quite Zen, when you think about it.
  • #16,631
  • Mar 28, 2013 4:43am Mar 28, 2013 4:43am
Quoting emmanuel7788
all moving averages are derivative of the price..
why should price return to the MA?
it is the MA which will catch up with the price.
I said this many times inn other threads.
so lets all get this logic correct...it is fact.

whether to long or to short depends on where you see PA and support and resistance.... the PASR concept of trading made easy.
emmanuel7788 thank you your help is gratefully received.
  • #16,632
  • Mar 28, 2013 4:44am Mar 28, 2013 4:44am
Quoting WeepingMan
I think I kinda, sorta, get how the system works. Problem is, well, I'm not exactly efficient - I already fulfilled my target (200 pips a week), and if this is live account I would stop and, dunno, enjoy live or some such. It is not, though, and since I tried to get used to the system, I decided to go ahead and trade more.

Well, after some review, it appears my main problem is cold feet. I opened a lot of positions, check which of them likely to grow into trend, then close the one that doesn't seem to be. Problem is, I often wrong - not a big...
first of all this is not a system.
it is only a technical trading method.
until you put in your own money management and your mind into the system equation, you will make it into your system

second, post your trade entry chart and I will show you how to manage trades using R-Multple method which is proven. 200pips means nothing when we do not know what your risk R is.


Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,633
  • Mar 28, 2013 4:46am Mar 28, 2013 4:46am
Quoting emmanuel7788
GU 28 Mar scalping M15 entry:
http://www.forexfactory.com/attachme...1&d=1364461228

well, market took my scalp 20pips today...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,634
  • Mar 28, 2013 4:50am Mar 28, 2013 4:50am
Ah! so it depends on my risk? No, wait. That's not exactly true. It's on the tip of my tongue, but I can't quite express it. Huh. Umm. Let's go with maximum 5% of deposit.
It is quite Zen, when you think about it.
  • #16,635
  • Mar 28, 2013 4:58am Mar 28, 2013 4:58am
Quoting emmanuel7788
that candle did not make a HH ... so we must wait for a change in colour on H1..
LON may have made its day high already, we don;t know this for sure.
only one person knows this better... he is Phx62
Ah yes i see now, it ddint even break/touch the previous day high.
Phx would have stayed out from the beginning
  • #16,636
  • Mar 28, 2013 5:41am Mar 28, 2013 5:41am
hey adam

you are going wrong in that you are not using the correct candles, should be synergy APB type heiken ashi candles. so this setup is unfortunately not trading made simple... the synergy apb bars make it so much easier to judge market direction. you can download the template and indicators from post #25



Quoting adamjhdavis
H4 system fail oh this chart 53 pip loss.

Green had crossed at time of entry any comments, where did I go wrong?

http://charts.mql5.com/1/226/chfjpys...ad-trading.png
  • #16,637
  • Mar 28, 2013 5:53am Mar 28, 2013 5:53am
EJPY, Support + TDI cross Upwards's , looking to buy.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 25 KB
  • #16,638
  • Mar 28, 2013 6:06am Mar 28, 2013 6:06am
Quoting WeepingMan
Ah! so it depends on my risk? No, wait. That's not exactly true. It's on the tip of my tongue, but I can't quite express it. Huh. Umm. Let's go with maximum 5% of deposit.
you can either play the position sizing game or do something totally different.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,639
  • Mar 28, 2013 6:07am Mar 28, 2013 6:07am
Quoting Winner1245
Ah yes i see now, it ddint even break/touch the previous day high.
Phx would have stayed out from the beginning
LOL...now it made today' London session high @88.6%
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,640
  • Mar 28, 2013 6:08am Mar 28, 2013 6:08am
Quoting blamshakk
hey adam

you are going wrong in that you are not using the correct candles, should be synergy APB type heiken ashi candles. so this setup is unfortunately not trading made simple... the synergy apb bars make it so much easier to judge market direction. you can download the template and indicators from post #25
I LIKE...
Back to the basic 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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