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Trading Made Simple

  • #16,941
  • Apr 3, 2013 5:58pm Apr 3, 2013 5:58pm
Quoting sio bel
Thank you so very much for giving the downloads, you have made some great comments about the forex, good work, I usually use the TDI with the yellow band, but I see that you are only using green/red, could you tell me if you use yellow band indie at any time.??
No, I use only the TDI with the original BigE's settings, no yellow band, no other bells and whistles.

I can't say anything about H4 and Daily, I never traded higher than H1. Higher timeframes need much bigger SL.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,942
  • Apr 3, 2013 6:03pm Apr 3, 2013 6:03pm
Quoting WeepingMan
Like I said before, I am prone to closing my position if I don't think it will... grow. so. Well. It kinda stacked to 60 or so.
Maybe it's none of my business, but it is not just my opinion, BigE said again and again: if he saw the price went against him something like under 10 pips, he would exit with a small loss and would rather re-enter later. Waiting for a "little miracle" is not a very good habit.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,943
  • Apr 3, 2013 7:56pm Apr 3, 2013 7:56pm
crazy spike on a/u just took me out at BE..
  • #16,944
  • Apr 3, 2013 8:02pm Apr 3, 2013 8:02pm
Quoting biDc
crazy spike on a/u just took me out at BE..
Warned you about the news...

Im still in audchf and audusd shorts but if we dont turn down from here, il be stopped. Heres to hoping its just a spike ;-)
@pawpaw1000 on Twitter
  • #16,945
  • Apr 3, 2013 8:05pm Apr 3, 2013 8:05pm
Quoting Favorite
Maybe it's none of my business, but it is not just my opinion, BigE said again and again: if he saw the price went against him something like under 10 pips, he would exit with a small loss and would rather re-enter later. Waiting for a "little miracle" is not a very good habit.
...I must have missed it. <mutter mutter> ten pips, huh? Alright, that's useful. Thanks!
It is quite Zen, when you think about it.
  • #16,946
  • Apr 4, 2013 12:04am Apr 4, 2013 12:04am
A day with plenty of red news... how about one day off??
JacekPreserve Precious Capital
  • #16,947
  • Edited 1:26am Apr 4, 2013 1:11am | Edited 1:26am
Quoting pawpaw1000
Warned you about the news... Im still in audchf and audusd shorts but if we dont turn down from here, il be stopped. Heres to hoping its just a spike ;-)
Woke up with both beautifully in profit... Just gonna get some coffee and Ill shoot some analysis over. Do remember that tomorrow is NFP somarket could range today in anticipation.

EDIT: At PC to see AUDCHF SL was hit!!! Amazing seeing as SL was at 9915 and highest Price Level was 9910 :-D No Problems, still a 25 pip profit.
@pawpaw1000 on Twitter
  • #16,948
  • Apr 4, 2013 1:29am Apr 4, 2013 1:29am
Quoting Jackub
A day with plenty of red news... how about one day off??
There is Green part of chart by Red news.Uncertain EJ same could be on GU after Gu red news on queue.

frank
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  • #16,949
  • Apr 4, 2013 1:35am Apr 4, 2013 1:35am
Quoting frank.david
There is Green part of chart by Red news.Uncertain EJ same could be on GU after Gu red news on queue. frank
With my skill level all chart is red ... good time to study what might happen and read the books
JacekPreserve Precious Capital
  • #16,950
  • Edited 1:57am Apr 4, 2013 1:35am | Edited 1:57am
Looking at my charts:

Only trades I see are AUDUSD (Already Short) EDIT: TP MOVED TO 1.0395 as that will give me RR of 2.3
GBPUSD (still worried about 5075 level but if it goes, BOOM)
EURAUD (Wont go long as it is too late for me)
USDCHF (in larger Consolidation so no trade for me)
USDCAD (Great area to long as it is 50% fib almost to the pip... but candles still too small)
NZDUSD (Possible trade but too late for me)
@pawpaw1000 on Twitter
  • #16,951
  • Apr 4, 2013 1:49am Apr 4, 2013 1:49am
Highlighted this level on chart.Strong S/R level on Daily TF.H4 chart Divergence formed before this big move.

frank
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  • #16,952
  • Apr 4, 2013 2:37am Apr 4, 2013 2:37am
A Skype room was mentioned in one of the earlier posts. Does anyone know if it still exists? Seems like a great place to meet up while trading. If so, can someone add me?

Skype: absolutwhoppa
  • #16,953
  • Apr 4, 2013 2:53am Apr 4, 2013 2:53am
Quoting pawpaw1000
Good trade mate, just need to break the previous top and you're off to the races... EDIT: Just bought EURAUD...
Buy EJ +300 pips
  • #16,954
  • Apr 4, 2013 3:06am Apr 4, 2013 3:06am
Quoting absolutwhopp
A Skype room was mentioned in one of the earlier posts. Does anyone know if it still exists? Seems like a great place to meet up while trading. If so, can someone add me? Skype: absolutwhoppa
yes, there is a live trading close user group.

what will be your contribution to the live trading room?
  • #16,955
  • Apr 4, 2013 3:16am Apr 4, 2013 3:16am
Sell EU (14h GMT+7)-> still
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  • #16,956
  • Apr 4, 2013 3:21am Apr 4, 2013 3:21am
Quoting WeepingMan
...I must have missed it. <mutter mutter> ten pips, huh? Alright, that's useful. Thanks!
WeepingMan, the problem is - this thread is too big! I was lucky enough to participate right from the start and I created a TMS thread on one of the Russian forums, so May-June 2011 I was busy making "summaries", translating the most important BigE's posts etc., that's why I remember all those details, and we both know that those details make difference!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,957
  • Apr 4, 2013 3:22am Apr 4, 2013 3:22am
Managed to snatch 47 pips. Thinking of continuing, decided to stick with 40-pips target a day. Last time broke the plan doesn't end up well :v
And first time profit factor 4.84. Usually it is around 2.xx or so.
It is quite Zen, when you think about it.
  • #16,958
  • Apr 4, 2013 3:29am Apr 4, 2013 3:29am
Quoting WeepingMan
Managed to snatch 47 pips. Thinking of continuing, decided to stick with 40-pips target a day. Last time broke the plan doesn't end up well :v And first time profit factor 4.84. Usually it is around 2.xx or so.
See? You already got smarter!

I have two daily targets, 50 pips and 100 pips.

Usually I make 80-100 pips per day, but I stop trading after 100 pips no matter what.

Today is not the best day for trading because of BOJ etc. so I made my 50 pips (my minimal goal) and that's it for today!

But I trade M1, for H1 traders it must be a little bit different. But the principle is the same: be smart, cut your losses, have two daily goals, don't be greedy!

WeepingMan, don't forget, tomorrow is a Non-Farm Friday, watch out!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,959
  • Apr 4, 2013 3:39am Apr 4, 2013 3:39am
4H, actually. Indonesia connection aren't good, and prone to a bout of lag, if not outright disconnect. Unless you pay top-service, anyway, which I can't afford.

Non-Farm day, huh. Check Calendar first, then. Thanks for the head-up!
It is quite Zen, when you think about it.
  • #16,960
  • Apr 4, 2013 3:40am Apr 4, 2013 3:40am
Quoting Favorite
See? You already got smarter! I have two daily targets, 50 pips and 100 pips. Usually I make 80-100 pips per day, but I stop trading after 100 pips no matter what. Today is not the best day for trading because of BOJ etc. so I made my 50 pips (my minimal goal) and that's it for today! But I trade M1, for H1 traders it must be a little bit different. But the principle is the same: be smart, cut your losses, have two daily goals, don't be greedy! WeepingMan, don't forget, tomorrow is a Non-Farm Friday, watch out!
Can you explain in detail how you trade on M1, please?!
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