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Trading Made Simple

  • #19,641
  • May 23, 2013 3:32am May 23, 2013 3:32am
GBPUSD & EURUSD - looks like good setting in case of H4 close above EMA(5) shift 2
  • #19,642
  • May 23, 2013 3:37am May 23, 2013 3:37am
I need to prepare for my finals, otherwise I would spend the whole day in here
Don’t ever let someone tell you that you can’t do something.
  • #19,643
  • May 23, 2013 3:43am May 23, 2013 3:43am
I Also made a nice ride on AUD USD. 0.5 position +22, 0.25 position +64, 0.25 position +99.
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  • #19,644
  • May 23, 2013 3:43am May 23, 2013 3:43am
Quoting gegeorge
Hey Emmanuel, don't be disappointed. We are Here. If we don't post so much is because, at least for me, I don't want to give false information to other, since I am very new at this and trying to learn, most of the time, from my mistakes. Keep up the good work

Hello,

I totally agree with Gegeorge... I also still need to learn a lot of and don't want to litter forum with my stupid mistakes and ideas. I'am here to read, learn and listen.
For example I took long today at Eu at 1.2865 with Tp at 1.2885 and 1.2899 but closed both positions at 0 because of fear.
Look at it now... It would be +20 and rest at BE

Best regards,
Arunas
  • #19,645
  • May 23, 2013 4:30am May 23, 2013 4:30am
Like the other posts, trying to learn as much as i can. Read every post, and am encouraged by the helpful attitude of the members, particularly Emmanuel.
Have been trading ( use the term very loosely) for 5 years. The most successful i have been is since changing to TMS, but more importantly, being very diligent in my trades. This month i have taken 11 trades, with 8 successful. Currently up 17% for the month, so i am really happy.
The most important trait is being patient. Wait for the trade to meet your set up requirements and then enter the trade. Don't presume the market is going to move in a particular way. Wait for the trade entry parameters to set up then enter.
Have watched the last 2 days and not entered the market, because for my trading times the set ups weren't there.
My last trade is attached.
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  • #19,646
  • May 23, 2013 4:40am May 23, 2013 4:40am
After the ride down I am long now on AUDUSD. Large Pin Bar on H4 wich bounced on support at 0.9585. TDI cross on H1 coming out of oversold area
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  • #19,647
  • May 23, 2013 5:24am May 23, 2013 5:24am
Quoting emmanuel7788
{quote} thewriter30, Well, looks like nobody is interested to any skype room idea.I have my own Live Trading Room with my own team.So I don't have time for a bigger group of people here. I post here hoping to keep the TMS familiy spirit alive and help some people. Overall, looking at the number of people posting and sharing here, there isn't a lot of interest in TMS anyway. Thanks for posting this skype room idea. regards,EMMANUEL
Iv'e been lurking this thread for the last month now, reading almost all of it and your input is appreciated more than you know.

I hadn't seen the point in posting until now as i felt my posts would of misguided and littered with newbie mistakes (Only been trading for 3 months)

Keep posting and helping, you may just influence changing someones life for the better
  • #19,648
  • May 23, 2013 5:27am May 23, 2013 5:27am
Hello Everyone,

Greetings form Sydney, Australia. I have been studying forex trading since the beginning of this year and stumbled around until I found this thread.
A big thank you to everyone as I have learned so much from reading and following all the posts as best I can.
I now understand the importance of planning your trades and will practise until I start to get it right, and then practise some more.
This is such a wonderful thread with a great spirit,

Happy trading to you all
kind regards,
Rosemary
  • #19,649
  • May 23, 2013 6:11am May 23, 2013 6:11am
Hey Traders. I have a question about THV Cavemanager EA, which I use to monitor my trades when I am away from the computer, or too tired to think(!).

Anyway, my problem is that I noticed that the EA takes TP1 on my 1st Batch and then for some reason when coming back to that level, before reaching TP2, it takes another Batch out of my position. Is this really the way it works, or am I doing something wrong?

Anyone who uses this EA and can help, I would very much appreciate.
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  • #19,650
  • May 23, 2013 6:13am May 23, 2013 6:13am
Quoting Pipsmurfer
After the ride down I am long now on AUDUSD. Large Pin Bar on H4 wich bounced on support at 0.9585. TDI cross on H1 coming out of oversold area {image}
Closed half of the position at +38. SL to BE + 10 pips
Attached Image (click to enlarge)
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  • #19,651
  • May 23, 2013 6:40am May 23, 2013 6:40am
Quoting Pipsmurfer
{quote} Closed half of the position at +38. SL to BE + 10 pips {image}
SL hit Stopped out at +15.
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  • #19,652
  • May 23, 2013 7:13am May 23, 2013 7:13am
Quoting Prominent88
{quote} Hi Emmanuel7788, How to open the ATR window in the left corner of your chart? I find that the ATR window is very usefull in determining my trade TP and SL. Thanks,Prominent88
Prominent88,

that is not a ATR window...just a piece artwork I use to explain things on my charts posted here.

when you do your business plan, you need to keep records of all traded ranges of the currency pairs you want to trade and use the data for your trade planning.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,653
  • May 23, 2013 7:26am May 23, 2013 7:26am
AUDUSD, When TDI on H1 crosses again I reenter with a Short. There is enough room until the support .
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  • #19,654
  • May 23, 2013 7:42am May 23, 2013 7:42am
Quoting Pipsmurfer
AUDUSD, When TDI on H1 crosses again I reenter with a Short. There is enough room until the support . {image}
PipSmurfer, I have the same plan as you. Just waiting for the candle to close in 20mins. Good Luck
  • #19,655
  • May 23, 2013 7:43am May 23, 2013 7:43am
And how about this? USDCAD H1
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  • #19,656
  • May 23, 2013 7:46am May 23, 2013 7:46am
Market outlook is very volatile....

Asian markets all were down.... Japan Nikkei down 7+% in one day... unusual. trouble brewing...

European markets - DAX,CAC,FTSE ... all went negative...in first half session.

Be careful with US session..

Risk adverse turn to safe haven currency.

I stand aside now and manage my open trades only.

PRESERVE TRADING CAPITAL is the better option today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,657
  • May 23, 2013 7:48am May 23, 2013 7:48am
Quoting gegeorge
Hey Traders. I have a question about THV Cavemanager EA, which I use to monitor my trades when I am away from the computer, or too tired to think(!). Anyway, my problem is that I noticed that the EA takes TP1 on my 1st Batch and then for some reason when coming back to that level, before reaching TP2, it takes another Batch out of my position. Is this really the way it works, or am I doing something wrong? Anyone who uses this EA and can help, I would very much appreciate. {image}

hi gegeorge,

I don't use THV Cavemanager. But there is a pdf that come with this EA. Do you have that?

Let me know, I can post the pdf here.

regards
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,658
  • May 23, 2013 7:50am May 23, 2013 7:50am
And here?
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  • #19,659
  • May 23, 2013 7:53am May 23, 2013 7:53am
Quoting emmanuel7788
{quote} hi gegeorge, I don't use THV Cavemanager. But there is a pdf that come with this EA. Do you have that? Let me know, I can post the pdf here. regardsEMMANUEL
I have that PDF, all I can think of is that it has a "UseLoss_By_Batch" setting, which closes position persentage when price turns against you. Maybe that is what it's doing, even if you are in profit and PA turns, then it starts closing, cause it take that as a Loss.
  • #19,660
  • Edited 9:39am May 23, 2013 7:55am | Edited 9:39am
Price Momentum

Someone PM me and ask me which indicator to show price momentum.

The only indicator to see price momentum is the price bars or candles.

But if you want to know what are Momentuim Indicators, read here:
http://forex-indicators.net/momentum-indicators

TDI is a good momentum indicator on its own. But when you read price bars and TDI with the APB/HA all at one same time, you have the edge over other traders who rely singly on RSI, CCI, AO, etc....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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