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Trading Made Simple

  • #17,961
  • Apr 23, 2013 8:06am Apr 23, 2013 8:06am
The boss (wife) has threatened to fire me...lol actually, only joking, i could ask for a more understanding wife who lets me have all the time i want to study my charts and make amazing curries!!, I have the patience, and the time, im hoping eventually it will all click into place
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #17,962
  • Apr 23, 2013 8:09am Apr 23, 2013 8:09am
Quoting Downunder
{quote} Arrg... caught out...lol Hi emmanuel... just lately ive fallen into the trap of not sticking with one strategy/system, trying to use small parts of other systems to fine tune, but usually deterimental to my account. Been examining other "forum" TDI systems. Well, not doing too bad tonight GBCHF +44 pips, EU +50pips, USCHF +15 pips all swing trade H4 If you interested in my trades ill post..

Downunder,

Nice profits you harvested on H4.

Please post yoru charts and trades. I am interested to learn how some of you make your trade entry and exits, and I will try make come post-mortem comments so that it will help others to pick up some fine points in trading TMS.
I think technically most people here understand the TMs trading, but what I think we all need to work on is money management and how to manage trades for maximum run. Also the managing the trader's psychology is something we can all share and talk about.

Thanks for your post.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,963
  • Apr 23, 2013 8:09am Apr 23, 2013 8:09am
Quoting emmanuel7788
{quote} Don't say I did not warn you. Look at the W candle and the D chart, that may frigthen you to go BUY now on H4. But this can be an early entry. I am in already and will build up positions as it develops.
Yes, I was looking this morning at W1 and D1 and in my notes I have writen "be bearish" .... but later, after your post, I made this analysis of "Big pictures" and this tells me, maybe this move down is going to be over... have no idea what impact will make tomorrows news from AU.. will see
Watching on H1 I saw IB and then bullish engulfing, all together is nice H4 engulfing, maybe price is shouting to me "get in!!" ...
JacekPreserve Precious Capital
  • #17,964
  • Apr 23, 2013 8:11am Apr 23, 2013 8:11am
Just grabed 25 pips on EJ long
Trade what you see .
  • #17,965
  • Apr 23, 2013 8:11am Apr 23, 2013 8:11am
Quoting Downunder
The boss (wife) has threatened to fire me...lol actually, only joking, i could ask for a more understanding wife who lets me have all the time i want to study my charts and make amazing curries!!, I have the patience, and the time, im hoping eventually it will all click into place

you made me laugh....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,966
  • Apr 23, 2013 8:14am Apr 23, 2013 8:14am
Quoting emmanuel7788
{quote} Arunaz, Thanks for your post. There are many people like you who have full time day jobs. I was like that for almost 30 years until one day I decided to fire my boss. That was 2007. But with that 10 to 20 minutes everyday you have, you can slowly pick up on how to trade TMS. It depends on your hours available to access online charts and the market hours, once you are comfortable with the timing, then decide if you to practice on H4 or even the D chart timeframe. This will hep you learn quicker and with preactice, practice, practice, .......
Emmanuel,

10-20 minutes of free time is not a once in a day, but every hour and also I'am backtesting at evening if I have possibility. So I think it's possible to trade 1h TMS for me even, when I'am in office. I think I'am living in a wonderful time zone for trading forex, because it's +2 so at LO we have here 10 A.M I want to understand how to trade TMS and be profitable in Forex, people like you, Big E, X-man, Arjun are real inspiration for me, because all of you were able to fire your boss and live on Forex profit

Arunas
  • #17,967
  • Apr 23, 2013 8:14am Apr 23, 2013 8:14am
Here are my charts, sorry i havnt indicated my entries, I have a trailing stop in place but both are still at BE.
Attached Images
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #17,968
  • Apr 23, 2013 8:30am Apr 23, 2013 8:30am
USD CHF not really moved off the bounce. Sorry for all the lines on my chart been analysing the effect of channels with the TMS (orange lines) but thats not for here.
Attached Image
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #17,969
  • Apr 23, 2013 8:37am Apr 23, 2013 8:37am
Quoting Downunder
USD CHF not really moved off the bounce. Sorry for all the lines on my chart been analysing the effect of channels with the TMS (orange lines) but thats not for here. {image}

UChf will not move until EU moves.
But I don't know when EU will start moving again....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,970
  • Apr 23, 2013 8:38am Apr 23, 2013 8:38am
Quoting emmanuel7788
{quote} UChf will not move until EU moves. But I don't know when EU will start moving again....
starting to head up slowly, but no idea where its trying to go
  • #17,971
  • Apr 23, 2013 8:47am Apr 23, 2013 8:47am
Quoting Arunaz
{quote} Emmanuel, 10-20 minutes of free time is not a once in a day, but every hour and also I'am backtesting at evening if I have possibility. So I think it's possible to trade 1h TMS for me even, when I'am in office. I think I'am living in a wonderful time zone for trading forex, because it's +2 so at LO we have here 10 A.M I want to understand how to trade TMS and be profitable in Forex, people like you, Big E, X-man, Arjun are real inspiration for me, because all of you were able to fire your boss and live on Forex profit Arunas

Arunaz,

Do you have space for one more person in your country? I want to move there to be closer to LO.

Start trading H4 with that 10-20mins, it will help you learn quicker. H1 is for intraday traders. I don't recommend for beginner traders.
When I started trading, I only traded the D chart which is call EOD (End of Day) trading.
H4 will give you better trading results and that will boost your confidence. After you master H4, then you start driving faster in H1.

Start think of trading as a business. When your business achieve consistent income, you can expand your business with more traders whom you will teach and mentor. Rope in your wife, children, relatives, neighbours, friends, ... and your boss too.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,972
  • Apr 23, 2013 8:50am Apr 23, 2013 8:50am
Entered long EUR/JPY after price found support at 128.00 which is weekly support, waited price reach above EMA 200 and Fibo 50 , also there was strong momentum because of New York session open

Price went straight up with minimum draw down or not at all, hit my target for 51 pips, which is more than enough for a newbie
Attached Image (click to enlarge)
Click to Enlarge Name: 4-23-2013_Winner.jpg Size: 296 KB
I Have Learned to Take Some Losses to Make Profits
  • #17,973
  • Apr 23, 2013 8:53am Apr 23, 2013 8:53am
Quoting msetai
{quote} starting to head up slowly, but no idea where its trying to go

EU... I too have no idea too where it will go up to.
But what I know is there are many stops above so it may collect all the stops first then decide when London closes in 2 hours.

That previous H4 large candle is troublesome for many traders. To buy aginst this big red H4 is difficult.
Now H4 TDI is showing 12-2, but it still had 2 hours to close.

H1 showing bottom at 1.2970.

I pass this one for today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,974
  • Apr 23, 2013 9:03am Apr 23, 2013 9:03am
Quoting emmanuel7788
{quote} Arunaz, Do you have space for one more person in your country? I want to move there to be closer to LO. Start trading H4 with that 10-20mins, it will help you learn quicker. H1 is for intraday traders. I don't recommend for beginner traders. When I started trading, I only traded the D chart which is call EOD (End of Day) trading. H4 will give you better trading results and that will boost your confidence. After you master H4, then you start driving faster in H1. Start think of trading as a business. When your business achieve consistent...
Emmanuel,

it would be a big pleasure for me to become your neighbor So please do not hesitate
Thank you for advice, I will try to backtest more of 4 hrs and see it.
Must run now.

Best regards,
Arunas
  • #17,975
  • Apr 23, 2013 9:08am Apr 23, 2013 9:08am
Quoting TheScorpS
Entered long EUR/JPY after price found support at 128.00 which is weekly support, waited price reach above EMA 200 and Fibo 50 , also there was strong momentum because of New York session open Price went straight up with minimum draw down or not at all, hit my target for 51 pips, which is more than enough for a newbie {image}
TheScorpS,

Good H1 trade. Welldone.

Do you see if you could have gotten a better entry? and with a smaller SL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,976
  • Edited 9:39am Apr 23, 2013 9:19am | Edited 9:39am
Three EJ H1 trades today.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.4.23 ej h1.png Size: 42 KB
  • #17,977
  • Apr 23, 2013 9:29am Apr 23, 2013 9:29am



Only 2 trades for me today on EJ. -70 + -15 = -85


Quoting Phx62
Three EJ H1 trades today. {image}
  • #17,978
  • Apr 23, 2013 9:37am Apr 23, 2013 9:37am
Quoting emmanuel7788
{quote} TheScorpS, Good H1 trade. Welldone. Do you see if you could have gotten a better entry? and with a smaller SL.
Thanks a lot

Seeing your charts everyday is a learning process, now since last Friday I didn't have any loser at all, I hope its the turning point for me, today morning I entered short also on EUR/JPY but didn't actually understood where to take profit, saw price went 40 or even 50 pips in my way but thought that it going to continue but it didnt so I got stopped out at + 5 pips later on I rechecked when I wrote my trade journal that actually price faced strong support at 128.000 and also that was weekly strong support zone which was in confluence with Fibo 61.8

Now back again to my last long EUR/JPY trade, I set a stop loss of about 40 pips , is my entry late because where I set my stop loss ?

Thank you again
Attached Image (click to enlarge)
Click to Enlarge Name: BE Trade.jpg Size: 328 KB
I Have Learned to Take Some Losses to Make Profits
  • #17,979
  • Apr 23, 2013 9:44am Apr 23, 2013 9:44am
Quoting Phx62
Three EJ H1 trades today. {image}

Phx62,

as usual, you are TMS pips harvester.

Let me guess, all trades taken just on TDI cross....right?

Thanks for sharing these trades, and for those H1 traders, here is your maestro to learn H1 trading from.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,980
  • Apr 23, 2013 9:46am Apr 23, 2013 9:46am
ok folks ,
I got to go now.

talk again in few hours at my next pit stop.....


Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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