Trading Made Simple | Page 842 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #16,821
  • Apr 2, 2013 8:34am Apr 2, 2013 8:34am
Emmanuel I dont reply because of my English , Anyway Every time u say about BE (breakeven) What does BE do when do trading ,

And can u please tell me the set up for MPTM , I have it but the set up is not right ,

I will now on write to u all to make myself understanding , I did catch up a lot , Need more learning .

Thanks to u all
  • #16,822
  • Apr 2, 2013 8:35am Apr 2, 2013 8:35am
The following trades really made me proud of myself.
I learned when I shouldnt use EMA and when i should use.
I lost 30pips on Anzd but still i learned that i need to see daily trend also.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ga.gif Size: 142 KB
Click to Enlarge Name: au.gif Size: 146 KB
Click to Enlarge Name: an.gif Size: 21 KB
  • #16,823
  • Edited 11:11am Apr 2, 2013 8:37am | Edited 11:11am
Good morning every one (well, it is here :) very excited about this strategy although I have a huge amount to read - thank you BigE for the thread and everyone for the value add postings. I'm trying to get up in the middle of the night as each 4 hour candle closes - the times I'm active is 11pm, 3am and 7am. I managed to catch the following trade and just closed it for a 40 pip gain. It looks like it was a perfect setup based on the original rules – I think? Any comments?
Attached Image (click to enlarge)
Click to Enlarge Name: april 2 tms.png Size: 125 KB
Enter Signature
  • #16,824
  • Apr 2, 2013 8:46am Apr 2, 2013 8:46am
Quoting emmanuel7788
{image} ("http://www.forexfactory.com/attachment.php?attachmentid=1163924&d=1364895020") This trade is running better than I plan. With H4 TDI cross, I will convert this trade to H4... and see if it will rollover to next day. {image}
Hi,
I think im slowly getting an idea of how you look for M15 for better entry price and then try to convert it into a 4hr swing trade.
I believe a very big R can acheived. But im doing it differently. I look at M15 , enter the trade and then directly waiting for the big move on 4 HR chart. Im not at all willing to accept the idea of small amount of pips on lower timeframe chart.
I think i only like the higher timeframes. I see a potential of 3R on all the trades i look .
Hopefully i will learn to pick the very best swing trades on 4hr charts from you.
For now, X-man's 4hr method is helping me a lot. It limits me from taking every TDI cross.
  • #16,825
  • Apr 2, 2013 8:49am Apr 2, 2013 8:49am
Quoting fxscalp1
Good morning every one (well, it is here very excited about this strategyalthough I have a huge amount to read - thank you BigE for the thread andeveryone for the value add postings. I'm trying to get up in the middle of the nightas each 4 hour candle closes - the times I'm active is 11pm, 3am and 7am. Imanaged to catch the following trade and just closed it for a 40 pip gain. Itlooks like it was a perfect setup based on the original rules – I think? Any comments? {image}
Sell from resistance flawless
  • #16,826
  • Apr 2, 2013 8:50am Apr 2, 2013 8:50am
Quoting terminator12
Emmanuel I dont reply because of my English , Anyway Every time u say about BE (breakeven) What does BE do when do trading , And can u please tell me the set up for MPTM , I have it but the set up is not right , I will now on write to u all to make myself understanding , I did catch up a lot , Need more learning . Thanks to u all
Hi terminator,

BE (breakeven) means we move our initial SL to our Entry Price to to protect our trade and to preserve our trading capital. Is this clear to undestand?

For MPTM, please ask your question in the MPTM thread and someone there will help. You need to try MPTM to have a full understanding how it work.

I do not want to discuss MPTM here in this thread as it is not part of TMS.

Sorry, hope you do not mind.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,827
  • Apr 2, 2013 8:54am Apr 2, 2013 8:54am
Quoting emmanuel7788
Hi terminator, BE (breakeven) means we move our initial SL to our Entry Price to to protect our trade and to preserve our trading capital. Is this clear to undestand? For MPTM, please ask your question in the MPTM thread and someone there will help. You need to try MPTM to have a full understanding how it work. I do not want to discuss MPTM here in this thread as it is not part of TMS. Sorry, hope you do not mind. Regards,
Emmanual Now i understand about B E Thanks
  • #16,828
  • Apr 2, 2013 9:01am Apr 2, 2013 9:01am
Quoting fxscalp1
Good morning every one (well, it is here very excited about this strategyalthough I have a huge amount to read - thank you BigE for the thread andeveryone for the value add postings. I'm trying to get up in the middle of the nightas each 4 hour candle closes - the times I'm active is 11pm, 3am and 7am. Imanaged to catch the following trade and just closed it for a 40 pip gain. Itlooks like it was a perfect setup based on the original rules – I think? Any comments? {image}
Good trade taken on H4! Congrats!

Something you need to learn from this trade is that the H4 candle was a huge APB candle. The next H4 APB candle show the opan at the halfway of the previous APB. But the real price did not retrace to the APB open....

strong momentum down

Trade Well.
Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 2 Apr APB explain 2-4-2013 9-55-51 PM.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,829
  • Apr 2, 2013 10:54am Apr 2, 2013 10:54am
Great trade today.

Got in after London open.

H1 - Down trend
H4 - Down trend

Exited when TDI crossed in H1 TF.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.gif Size: 30 KB
  • #16,830
  • Apr 2, 2013 11:17am Apr 2, 2013 11:17am
Can I get feed back on when to exit on the 4H....

Big E said he would not knowingly let a trade come back 15 pips, does this mean he got out and looked for a valid re entry?

I know through his sleep time he didn't care and set a 100 pip stop.

What I'm asking is it better to exit and have pips in the bag and safe and then look for a valid re ntry when the pa moves again via the 15M?
  • #16,831
  • Apr 2, 2013 11:18am Apr 2, 2013 11:18am
Quoting emmanuel7788
Good trade taken on H4! Congrats! Something you need to learn from this trade is that the H4 candle was a huge APB candle. The next H4 APB candle show the opan at the halfway of the previous APB. But the real price did not retrace to the APB open.... strong momentum down Trade Well. {image}
Thanks very much - great comment, I left many pips on the table!
Enter Signature
  • #16,832
  • Apr 2, 2013 11:26am Apr 2, 2013 11:26am
Quoting Winner1245
Sell from resistance flawless
Thank you Winner1235 - but I'm embarrassed to say I never even noticed that I was selling at resistance - My brain has to adapt to my new trading hours!
Enter Signature
  • #16,833
  • Apr 2, 2013 11:31am Apr 2, 2013 11:31am
Quoting Winner1245
My EU trade is not moving at all. I will watch it on 4Hr and hold it until its making new lows.
Same here, Just closed mine out! Keeping GBPUSD and AUDNZD till tomorrow to see what happens
@pawpaw1000 on Twitter
  • #16,834
  • Apr 2, 2013 12:19pm Apr 2, 2013 12:19pm
Hey guys, everyone here seems to have made a healthy amount of profits today. I played the contrarian and did not enter for GBP.USD and anything else. Unfortunately that did not turn out so well. However, based on LO alone and not NO(I was asleep) do you guys think I was justified for not choosing to enter?

Any advice appreciated
Attached Image(s) (click to enlarge)
Click to Enlarge Name: apr 2 london open eur.jpy.h1.png Size: 58 KB
Click to Enlarge Name: apr 2 london open eur.usd.h1.png Size: 61 KB
Click to Enlarge Name: apr 2 london open gbp.usd.h1.png Size: 55 KB
Click to Enlarge Name: apr 2 london open usd.chf.h1.png Size: 62 KB
  • #16,835
  • Apr 2, 2013 3:02pm Apr 2, 2013 3:02pm
Hello to everyone (sorry for my Polish English )

I have a question - how do you choose to enter on not to enter counter-trend trade - I had mixed feelings about long A/J today 12.00 GMT - I went wrong finally:
Best Regards,
Marcin
  • #16,836
  • Apr 2, 2013 3:32pm Apr 2, 2013 3:32pm
Gosh...

4 trades today, all opened at 10:00 GMT. I have chickened out at closed 3 at BE. Last one, GBP/USD (great double top and TDI cross) granted me some profits. I still limp on lack of confidence. Most of the trades I take do last at least 3 bars of same colours. Even though I close at BE just to watch the price move in my favour in next hours. Anyway, here are couple "live" screenshots. Lost EUR/USD screenshot somehow...

It turns out for me, that the best rate to set SL is just below previous bar low/high if the swing low/high is further away. This way I cut the losers short. TMS approach this approach is so kewl that there are slim chances that the SL will be hit (if only cross is steep!). Most of the time worst case scenario is close to BE trade.

USD/JPY H4
Attached Image


AUD/USD H4
Attached Image


and finally GBP/USD H4 - 44 pips on TP1 and 82 on TP2
Attached Image



Thankyou emmanuel for your response! Will try to incorporate this weekly and daily analysis into my trades. More questions to some soon!


Talk to you tommorow. Goodnight.
M.
Remember I'm a newbie!
  • #16,837
  • Apr 2, 2013 3:33pm Apr 2, 2013 3:33pm
Quoting emmanuel7788
Good trade taken on H4! Congrats! Something you need to learn from this trade is that the H4 candle was a huge APB candle. The next H4 APB candle show the opan at the halfway of the previous APB. But the real price did not retrace to the APB open.... strong momentum down Trade Well. {image}
Thanks very much. It’s click in my head what the APB candle show us now.
Thank you. You’re the best.
  • #16,838
  • Apr 2, 2013 4:36pm Apr 2, 2013 4:36pm
Quoting pawpaw1000
Same here, Just closed mine out! Keeping GBPUSD and AUDNZD till tomorrow to see what happens
Bugger that, took my 80 pips and ran on GBPUSD, got support at 5080 and 5100 and want to see what happens there 1st. Also closed AUDNZD and will look to re-enter both tomorrow.

Will increase my lot sizes from now on to risk 2% - 3% as my rules are to never go live with a system until I've doubled 3 accounts. Let's see :-)
@pawpaw1000 on Twitter
  • #16,839
  • Apr 2, 2013 4:41pm Apr 2, 2013 4:41pm
Got some real nice trades materialising, will post some charts with analysis tomorrow...

Just got back from poker night and wanna get to sleep before we have LO Tomorrow ;-)

Good night to all!
@pawpaw1000 on Twitter
  • #16,840
  • Apr 2, 2013 4:48pm Apr 2, 2013 4:48pm
watching this pair..
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 21 KB
114 traders viewing now, 1 is registered:
H2U2