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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #17,541
  • Apr 15, 2013 4:41am Apr 15, 2013 4:41am
stop take
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  • #17,542
  • Apr 15, 2013 4:47am Apr 15, 2013 4:47am
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can fibo hold the price run down?
JacekPreserve Precious Capital
  • #17,543
  • Edited 5:21am Apr 15, 2013 5:07am | Edited 5:21am
Thanks emmanuel7788!
Sessions Asian to day > 40pips,
May be Buy E/U reverse
  • #17,544
  • Apr 15, 2013 5:37am Apr 15, 2013 5:37am
Quoting thomi
short eur/usd {image}
Hi Thomi How many pips each from T/P 1 to T/P 2 etc each and how many pips from sell to S/L
  • #17,545
  • Apr 15, 2013 5:59am Apr 15, 2013 5:59am
Quoting dunggiggs
Thanks emmanuel7788! Sessions Asian to day > 40pips, May be Buy E/U
reverse
Next Candle, Buy reversal
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  • #17,546
  • Apr 15, 2013 6:01am Apr 15, 2013 6:01am
Quoting dunggiggs
Next Candle, Buy reversal {image}
which candle H1 or H4?

Draghi will speak in about 2 hours and that will impact EU later. If he makes a hawkish statement about EZ, then it may help EU. otherwise, I wait till tomorrow to get a H4 trade.

PATIENCE... it is only Monday
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,547
  • Apr 15, 2013 6:09am Apr 15, 2013 6:09am
Quoting emmanuel7788
which candle H1 or H4? Draghi will speak in about 2 hours and that will impact EU later. If he makes a hawkish statement about EZ, then it may help EU. otherwise, I wait till tomorrow to get a H4 trade. PATIENCE... it is only Monday
TF H1,
Yes, PATIENCE... it is only Monday. Thanks!
We can exit before 2h!
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  • #17,548
  • Apr 15, 2013 6:28am Apr 15, 2013 6:28am
Quoting dunggiggs
TF H1, Yes, PATIENCE... it is only Monday. Thanks! We can exit before 2h! {image}
To jump in on H1 Ha candle, better to see a flat end Blue HA candle. That GMT1000 HA candle show long lower wick, hence there is not upwards buying momentum which we need to push price after we enter so that we can scale-out and move our stops quicker and our initial SL is not threaten.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,549
  • Apr 15, 2013 7:19am Apr 15, 2013 7:19am
http://assets.forexfactory.net/nfs/c...tar69907_1.gif eelfranz
Grand Poopaw
Member Since May 2008

1,483 Posts


I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time.

My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that time and go back to sleep... There are enough set ups in a normal week to make 200-500 pips... Stress is zero...
So if I trade this Trading Made Simple system and I live in the UK.
My first 4-hour candles open at 6am my time.10.00am 2.00pm
And then I close all trades at 6.00pm.can some one tell me if this is right.
Thank you.
  • #17,550
  • Apr 15, 2013 7:57am Apr 15, 2013 7:57am
Quoting redfan
{image} eelfranz Grand Poopaw Member Since May 2008 1,483 Posts I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing...

you live in the UK... do you know what time FTSE opens and closes everyday?

do you know when is daylight saving time changeover?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,551
  • Apr 15, 2013 9:01am Apr 15, 2013 9:01am
Quoting emmanuel7788
you live in the UK... do you know what time FTSE opens and closes everyday? do you know when is daylight saving time changeover?
8:00 - 16:30...

Already changed DST
@pawpaw1000 on Twitter
  • #17,552
  • Apr 15, 2013 9:10am Apr 15, 2013 9:10am
Quoting emmanuel7788
So if I trade this Trading Made Simple system and I live in the UK.
My first 4-hour candles open at 6am my time.10.00am 2.00pm
And then I close all trades at 6.00pm.can some one tell me if this is right.

I'm in UK,

H4 candles start 0700, 1100, 1500, 1900
My MT4 shows broker time which is 1 hour ahead of my local time - new four hour candle started a few moments ago at my time = 1500, broker time = 1600.

Hope that helps.
Don't ask me, I have no idea what's going on.
  • #17,553
  • Apr 15, 2013 9:13am Apr 15, 2013 9:13am
Quoting Gizzledonk
I'm in UK, H4 candles start 0700, 1100, 1500, 1900 My MT4 shows broker time which is 1 hour ahead of my local time - new four hour candle started a few moments ago at my time = 1500, broker time = 1600. Hope that helps.
Everyone's is different...
@pawpaw1000 on Twitter
  • #17,554
  • Apr 15, 2013 10:41am Apr 15, 2013 10:41am
Quoting pawpaw1000
1st 100 pipper using this system... Took half off the table and will move rest to BE, have been waiting for this aussie dollar short for a while ;-) Dont see any trades at the moment {image}
just closed remaining for 150 pips in total... Living the dream :-D
@pawpaw1000 on Twitter
  • #17,555
  • Apr 15, 2013 10:47am Apr 15, 2013 10:47am
Quoting pawpaw1000
just closed remaining for 150 pips in total... Living the dream :-D
Nice trade well done..

Will you now be looking for the long?
  • #17,556
  • Apr 15, 2013 11:23am Apr 15, 2013 11:23am
Quoting adamjhdavis
Nice trade well done.. Will you now be looking for the long?
No ways... will look for bounce to short. Have you seen daily? And Gold and Silver?
@pawpaw1000 on Twitter
  • #17,557
  • Apr 15, 2013 11:38am Apr 15, 2013 11:38am
Quoting pawpaw1000
No ways... will look for bounce to short. Have you seen daily? And Gold and Silver?
Only just got in front of charts....

Just checked news and I see what you mean, cheers for the heads up.
  • #17,558
  • Edited 3:04pm Apr 15, 2013 2:07pm | Edited 3:04pm
Quoting pawpaw1000
No ways... will look for bounce to short. Have you seen daily? And Gold and Silver?
Could have gotten another 50 pips soo far...

EDIT: Make that more than 100 extra pips. Man! didn't expect such a crazy move! WOW
@pawpaw1000 on Twitter
  • #17,559
  • Apr 15, 2013 7:42pm Apr 15, 2013 7:42pm
Pawpaw,

That is what I consider a good time!
Hope you enjoyed the ride...Welcome to "TMS"...

snarlyjack
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  • #17,560
  • Apr 15, 2013 7:46pm Apr 15, 2013 7:46pm
The next big question is...

I wonder what the eur/usd will do tonight?

snarlyjack
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