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Trading Made Simple

  • #17,981
  • Apr 23, 2013 9:48am Apr 23, 2013 9:48am
Quoting emmanuel7788
I see many same members viewing this thread and do not post anything. Please post something or at least share a joke to make me laugh and be happy. Please, just do it! .................post something ...
Hi emmanuel,

I haven't posted for a while because I seem to have lost my mojo, I didn't want to influence anyone with bad advice.
I started really well but lately just can't seem to commit to the right trades.

I will try and post my next set up for your analysis if thats ok?

Regards

Adam
  • #17,982
  • Apr 23, 2013 9:51am Apr 23, 2013 9:51am
Quoting Phx62
Three EJ H1 trades today. {image}
Fascinating Sir

I am reading and learning from you

Thank you
I Have Learned to Take Some Losses to Make Profits
  • #17,983
  • Apr 23, 2013 10:14am Apr 23, 2013 10:14am
Quoting emmanuel7788
{quote} 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,
TDI confirmed my analysis to enter each trade but price action, S/R and pullbacks were the actual basis for the trades.
Trade 1 was an Asian Session trade. Price tested the high of the Asian session for 3 hours, then moved down. When it broke below the low of the previous 8 hours, I entered a trade and set my TP at the 200 EMA. TDI confirmed the entry.
Trade 2 was taken after a long pullback from the LO candle...once it broke below the 200EMA, I opened the trade. The TDI green had not yet crossed over the red line but both were pointing down.
Trade 3 was taken on a break of high the last red candle and a cross of the TDI.
  • #17,984
  • Apr 23, 2013 11:00am Apr 23, 2013 11:00am
Do you people follow the rule that you only take trades during the London Session for H4 and close all positions at 6am Pacific ? Or you trade anytime in the day ?
  • #17,985
  • Apr 23, 2013 11:03am Apr 23, 2013 11:03am
Quoting Phx62
{quote} TDI confirmed my analysis to enter each trade but price action, S/R and pullbacks were the actual basis for the trades. Trade 1 was an Asian Session trade. Price tested the high of the Asian session for 3 hours, then moved down. When it broke below the low of the previous 8 hours, I entered a trade and set my TP at the 200 EMA. TDI confirmed the entry. Trade 2 was taken after a long pullback from the LO candle...once it broke below the 200EMA, I opened the trade. The TDI green had not yet crossed over the red line but both were pointing...
hi Phx62 for the 2° entry where did you put the stop loss for that entry? thanks
  • #17,986
  • Apr 23, 2013 11:06am Apr 23, 2013 11:06am
Quoting Vikendios
Do you people follow the rule that you only take trades during the London Session for H4 and close all positions at 6am Pacific ? Or you trade anytime in the day ?
It was never a rule, it was a eelfranz STYLE due to time zone he lived, he mentioned this number of times...
JacekPreserve Precious Capital
  • #17,987
  • Apr 23, 2013 11:14am Apr 23, 2013 11:14am
Quoting emmanuel7788
{quote} Malcolm, Trading spot forex can be tough when we do not know what move the market. I still dont know. But when China PMI data came out early today, AU drop. China is big trading partner with many countries and Germany is also a big partner. So we need to anticpate some of the data release from big China and be prepared for market reactions. That is why we must always trade with SL. But, looking at EU, market has been sideway for few days. Look at D chart and that big mother bar of 17 Apr. Follow by several small range days. TDI cross down...
Ok I will get there , Won't give up . Thanks .
  • #17,988
  • Apr 23, 2013 11:16am Apr 23, 2013 11:16am
Hello all,

I follow this thread and practice for a while.

First, thank you for this great system and all the help and good advices i have read on this thread.

My first trade today on a real account. Not a pefect one but now i have close half of the lot with 20 pips TP, breakeven and let run the last half.

http://img713.imageshack.us/img713/6...1304231807.png

Uploaded with ImageShack.us
  • #17,989
  • Apr 23, 2013 11:30am Apr 23, 2013 11:30am
Emmanual , Don't u ever have a thought of South Africa , Best food and one of the best weather , So many trees all over cities and so comfortable , Too many nonsense news of bad things in S A , but its not , Emmanual , come for holiday to Cape Town , Durban and Johannesburg , I live in Joburg and lots of my families is in U S A but i stay here, And 1 hour behind from LO , Yes i always check M15 , 1h , 4H and D but will be wise with S/L Malcolm .
  • #17,990
  • Apr 23, 2013 11:41am Apr 23, 2013 11:41am
Quoting emmanuel7788
{quote} welldone! 50pips is good intraday profit.
Thanks you!


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.
Regarding to BIG PICTURE, can you show me what happen with you when we look into W and D chart? How we got the best decide? For example when we look into W chart, the trend is going down. Then return to D chart we saw 2 day going up...? Normally, I only look into daily chart only, is that enough?
  • #17,991
  • Apr 23, 2013 11:41am Apr 23, 2013 11:41am
Quoting pinux76
{quote} hi Phx62 for the 2° entry where did you put the stop loss for that entry? thanks
I enter all trades with a 50 pip emergency stop loss but very seldom do I let price hit that SL. I usually exit way before that if price goes against me. As the trade progresses, I also move that SL closer to BE until I am in profit.
  • #17,992
  • Apr 23, 2013 11:51am Apr 23, 2013 11:51am
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...
Folk, he was conveyed to us the valuable lesson
  • #17,993
  • Apr 23, 2013 12:23pm Apr 23, 2013 12:23pm
Quoting fxtrade13
Only 2 trades for me today on EJ. -70 + -15 = -85 {quote}
I dont like trading EJ or UJ because it moves so much! Huge profits but also huge loses. You have to w8 for a good price to enter so that your SL is not big.
I know how you feel
  • #17,994
  • Apr 23, 2013 12:29pm Apr 23, 2013 12:29pm
Quoting vody105
{quote} I dont like trading EJ or UJ because it moves so much! Huge profits but also huge loses. You have to w8 for a good price to enter so that your SL is not big. I know how you feel
I am afraid your approach to EJ is not proper one. High valatility makes trading easier and big SL is not a case, just your position should be accordingly smaller... but presenting same risk level as ussual...
JacekPreserve Precious Capital
  • #17,995
  • Apr 23, 2013 12:50pm Apr 23, 2013 12:50pm
Hey guys any advice appreciated[ATTACH]1179941[/ATTACH

(pictures are messed up. first trade is the second slide and the second trade is the first slide) sorry for the confusion

First trade I took it was because of a Double bottom and a pullback candle. I entered long.

2nd trade I took was because it broke bottom and strong bearish candle along with TDI confirmation.

The reason I did not take the third trade to go long at 12-13:00 gmt was error in judgement. even though it gave a signal, I was not able to differentiate whether I saw a valid signal or it was because I wanted to chase my losses. Looking at PHX's entry, I made the wrong choice.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: apr 23 eur.jpy.h1(2).png Size: 74 KB
Click to Enlarge Name: apr 23 eur.jpy.h1.png Size: 74 KB
  • #17,996
  • Apr 23, 2013 1:05pm Apr 23, 2013 1:05pm
Hi all,

AUD/USD showing a descending wedge patter on H4.

D1 TDI has pierced the blue band. Shaping up for an interesting trade & Looking to go long.


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB
  • #17,997
  • Apr 23, 2013 1:06pm Apr 23, 2013 1:06pm
London P/L:-80
New York P/L: NA
Daily total:-80

London P/L:620
New York P/L:-60

Aggregate Trades: 112
Aggregate P/L: 560

Looking at other eur.jpy trades, once again I fail to look at SR and PA. Did not consider break of high low. Did not consider break of 8 hours
  • #17,998
  • Apr 23, 2013 1:10pm Apr 23, 2013 1:10pm
Quoting tenmilewalk
Hey guys any advice appreciated[ATTACH]1179941[/ATTACH (pictures are messed up. first trade is the second slide and the second trade is the first slide) sorry for the confusion First trade I took it was because of a Double bottom and a pullback candle. I entered long. 2nd trade I took was because it broke bottom and strong bearish candle along with TDI confirmation. The reason I did not take the third trade to go long at 12-13:00 gmt was error in judgement. even though it gave a signal, I was not able to differentiate whether I saw a valid signal...
Hi mate,
I know it is easy to analize trade when it happen, but first trade, was taken on candle nr 1, when candle nr2 was opened TDI was already down... And if you look

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1_1.png Size: 44 KB


at H4 timeframe you will see strong trend down, so you were trading against H4 trend

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 39 KB


If the secound trade didn't workout its becouse of the rumors about two bomb blasts in White House and Obama injured, two minutes 100 pips spike ruined your trade....
my two cents...
JacekPreserve Precious Capital
  • #17,999
  • Edited 1:36pm Apr 23, 2013 1:22pm | Edited 1:36pm
Quoting Erol
Hi all, AUD/USD showing a descending wedge patter on H4. D1 TDI has pierced the blue band. Shaping up for an interesting trade & Looking to go long. {image}
And on D1 candle is forming pin bar on strong support zone and on H4 there is bulish engulfing formed already...
JacekPreserve Precious Capital
  • #18,000
  • Apr 23, 2013 2:32pm Apr 23, 2013 2:32pm
Quoting Jackub
{quote} I am afraid your approach to EJ is not proper one. High valatility makes trading easier and big SL is not a case, just your position should be accordingly smaller... but presenting same risk level as ussual...
I understad what you mean. Trading with less lots so that it equils less voletile markets.

I just said my opinion thatīs all.

i trade EJ and UJ with same amount of lots as any other pair I just enter only if I get the best price I can get so that the SL is low and TP is very interesting.

Trade well!
Philip
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