Trading Made Simple

Quoting Greenb

Disliked

For me myself, it's more the experience. i have tons more London trades compared to NY. I know if i get in LO price will move and i can expect 50-100 pips days easy. Most likely move start during the 1st or 2nd hour of session. NY on the other hand, all i know about it is that it moved. most times it ranged. I dont even know when they most likely move. And since i trade some JPY cross. I dont even know how hard it will move during NY. I think my cure is to get more experience in NY session. Thanks for the advise though

Ignored

Quoting G.Grillz

Disliked

{quote} jsut wanna ask again this question .... do you depend on forward testing and back testing to get to know your pairs or you just check wht hv low spread and forward test it ? im asking this cuz im on EU only bt juz monitor EJ and AU , once im done with back and forward EU , i will do da same with da rest

Ignored

Quoting atuque1

Disliked

Good afternoon for Malaysian, & Good morning for Europe... Just taken Aud/Usd, BUY @ 0.9611, coz it start to cross up on TDI (1Hr TF), but dangerous to take b'cos not cross yet... Don't follow me. & Set TP at 0.9659 (3pips below R1 on Fibo) It's just that the Stoch was O/B & the HA CS showing to Buy...{image} Good Luck Guys... TAYOR.. (Trade At Your Own Risk)

Ignored

Quoting -PIPstar

Disliked

{quote} Looks good..... would have been better if entered after the 1Hr bar closed... Good luck on that. I Entered yesterday on the first pull back bar on 4 Hrs at 9570 - but closed only with 10 Pips though it went up to 85 Pips... My Bad.... {image}

Ignored

Quoting Greenb

Disliked

not to say backtesting is not important cause it is important in some way. But i personally depend more on forward testing. No way you can cheat yourself in forward testing, beside it prepares you mentally. Hope that helps

Ignored

Quoting Phx62

Disliked

Only 2 trades for me today....1 for +40 & 1 for BE. I am attaching 3 charts. The EU gave a perfect entry at LO....due to low ADR, I only targeted 40 pips....as you can see, price gave up double that amount. The EJ entry was a continuation trade based on the downtrend during the Asian session. Price moved 42 pips after entry but did not hit my TP. EA stopped me out at BE. This entry was not a good entry, no TDI cross, no pullback candle formation, just a shot in the dark that failed. I am fully aware that when a pair makes a big move during the Asian...

Ignored

Quoting Baayesh

Disliked

{quote} Mr Emmanuel , Is this an indicator or manually done by u ? if it is indicator , could u share it please ? if it is manually done by u ,,, so please can u give me the tips how to do it ... for example : th size of the candle, the numbers , any previous sup or res . thanks in advanced for helping us . my regards. {image}

Ignored

Quoting -PIPstar

Disliked

{quote} Looks good..... would have been better if entered after the 1Hr bar closed... Good luck on that. I Entered yesterday on the first pull back bar on 4 Hrs at 9570 - but closed only with 10 Pips though it went up to 85 Pips... My Bad.... {image}

Ignored

Quoting emmanuel7788

Disliked

{quote} Here is an example how you can improve with better 4H entry and not miss those IB setups. Chasing after a long candle is never a good way to enter the market. {image}

Ignored

Quoting Dabbeljoe

Disliked

Hi to all, I'm new here, new to forex since a couple of months and I stumbled upon this method of Eelfranz yesterday. What I read looks great but there are so many posts here, it's impossible to read them all, althought I read a lot of them. Can anybody fill me in about the method as it is now, does the method described in the first post still stand? Because at this moment I see so many indicators and different charts now, it doesn't look like the original method anymore. It'll be great if someone can post an update, not of all the methods everybody...

Ignored

Quoting emmanuel7788

Disliked

{quote} Dabbeljoe, WELCOME to this TMS thread. I know it is hard work to ready all 20,636 posts. But here is one quick way what I did when I started in FF years ago, is to lookup and read all the thread starter' posts. This will be every beginner first Step_1 into Trading Made Simple. I have a Step_-2. Please wait .... Patience ... {image}

Ignored

Quoting Phx62

Disliked

{quote} {quote} I just wanted to add something for you to consider......maybe it will help you.....when I was developing my trade plan and refining how I wanted to trade, I discovered that I was able to enter more trades with confidence and make better decisions when I focused on reasons TO enter a trade, instead of reasons NOT TO enter a trade. I know it sounds like a very small thing but I certainly helped me. Based on this, I ended up building a trade plan where all my decisions are now based on 'IF....THEN...." scenarios.....(If this happens,...

Ignored

Quoting Dabbeljoe

Disliked

#Greenb: I took the same trades, eurusd on the H4 and euraud on the daily, so i'll keep that one through the weekend. Can you explain al the lines in your chart? What are all the horizontal lines? Do you use them for something? I also see that you have a couple of MA's, do you use them just for trend spotting? And why didn't you shift your EMA5? I thought it was the shift that's being used so it makes the ema cross the bars which is an indicator to buy or sell?

Ignored