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Trading Made Simple

  • #20,661
  • Jun 14, 2013 7:17am Jun 14, 2013 7:17am
Quoting Greenb
{quote} 1.33 RN, support and resistance from around January and trendline support ya
CONFLUENCE of Prev W High and BRN 1.3300...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,662
  • Jun 14, 2013 7:18am Jun 14, 2013 7:18am
The EA H4 break the yesterday day low already, but i dont have the guts the short
  • #20,663
  • Jun 14, 2013 7:20am Jun 14, 2013 7:20am
Quoting huglau
The EA H4 break the yesterday day low already, but i dont have the guts the short

trading does not require guts ... it require skills.... and knowing when to take some chances ...
BIG E' post 261
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,664
  • Jun 14, 2013 7:20am Jun 14, 2013 7:20am
Quoting huglau
{quote} Greenb, where is the buying point and selling point, i can find it keke~~ can u tell me please
who says anything about me going on that trade? im just giving headsup that those 2 are about to move 1 way or another.

Quoting huglau
The EA H4 break the yesterday day low already, but i dont have the guts the short

your way late if your thinking of getting into EA its already 76 pips into move since LO
Daniel
  • #20,665
  • Jun 14, 2013 7:23am Jun 14, 2013 7:23am
Quoting piprac
{quote} Where did you get your Pivot Point indicator? It looks much cleaner than one I tried & I would replace the fractals on my charts. Thank you
that pivot indicator does not allow back -testing...
do you know why?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,666
  • Jun 14, 2013 7:33am Jun 14, 2013 7:33am
time for my bedtime now..its past midnight here...

need to wake up early and shoot some waves tomorrow at Maroubra Bay if weather is warm enough...

Have a Good Weekend folks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,667
  • Jun 14, 2013 7:39am Jun 14, 2013 7:39am
Here another demo on EJ:

Now Goodnight folks!
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 14 Jun NYO demo 14-6-2013 10-35-57 PM.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,668
  • Jun 14, 2013 7:39am Jun 14, 2013 7:39am
Quoting emmanuel7788
{quote} what was your initial SL? how can TP 21 pips? final TP should be 1.5720... you can scale out ....
I Bought GU @ 1.5654
& TP @ 1.5675
Profit = 75-54 = 21Pips

And this is real account..
  • #20,669
  • Jun 14, 2013 7:44am Jun 14, 2013 7:44am
Quoting atuque1
{quote} Reached TP with Profit 21 Pips.{image}
Another 2 Pairs Trades today (Usd/Cad & Aud/Usd), all PROFITS...
Attached Image (click to enlarge)
Click to Enlarge Name: UC H1 Sell 140613 (TP).png Size: 35 KB
Attached Image (click to enlarge)
Click to Enlarge Name: AU H1 Buy 140613 (TP).png Size: 37 KB


Keep On Learning.. BTW, This is my Real Micro Account...
  • #20,670
  • Jun 14, 2013 8:26am Jun 14, 2013 8:26am
Quoting piprac
{quote} Where did you get your Pivot Point indicator? It looks much cleaner than one I tried & I would replace the fractals on my charts. Thank you
For Piprac & others,
Check the FiboPivot files.
Remember that the Pivot Point will change every day. So, could not do backtest with the Pivot.
Normally my TP will be set at least: less 7pips than R1/R2/R3 for Buying Or more 7pips than S1/S2/S3 for Selling.
Attached File(s)
File Type: ex4 FiboPiv_v2.ex4   5 KB | 455 downloads
Attached File(s)
File Type: mq4 FiboPiv_v2.mq4   5 KB | 474 downloads
  • #20,671
  • Jun 14, 2013 9:16am Jun 14, 2013 9:16am
HI ALL TRADERS IN THIS THREAD I WANT TO ADD SOME THING GOING Very WELL WITH STRATEGY THAT ADD EMA 144+EMA 10
JUST FOR 5&15 TF
ALL EXPLAINED IN THIS PDF
Attached File
http://assets.forexfactory.net/images/attach/pdf.gif rover_north.pdf 1.3 MB | 0 downloads


VV GOOD PIPS ESPECIALLY WITH GPY/JPY & EJ
PLEASE
Attached File
http://assets.forexfactory.net/images/attach/pdf.gif rover_north.pdf 1.3 MB | 0 downloads
USE IT DEMOOOOOOO FIRST


HAVE A NICE WEEK END

AMIR SAID
  • #20,672
  • Jun 14, 2013 10:01am Jun 14, 2013 10:01am
Any advice appreciated
Several Missed trades today. Asleep again.

Eur.usd
Classic Pullback candle formed at daily low around opening of new york open
2nd pullback candle again 1 hour ago
Attached Image (click to enlarge)
Click to Enlarge Name: jun 14 eur.usd.h1 pullback analysis.png Size: 58 KB


Eur.jpy
Breakout trade. Support broken as well as daily low broken
Attached Image (click to enlarge)
Click to Enlarge Name: jun 14 eur.jpy.h1 analysis.png Size: 51 KB


Aud.usd

Pullback candle formed at daily high
Attached Image (click to enlarge)
Click to Enlarge Name: jun 14 aud.usd.h1 pullback analysis.png Size: 47 KB
  • #20,673
  • Jun 14, 2013 11:16am Jun 14, 2013 11:16am
Thanks atuquel1, I look forward to using it.
  • #20,674
  • Jun 14, 2013 11:50am Jun 14, 2013 11:50am
Quoting Phx62
{quote} Adam, For me, the SL is just an EMERGENCY SL.....in case my computer crashes or I lose power or I fall asleep.....it just prevents me from losing a lot of money in an emergency. How do I decide where to move the SL or exit manually? Those decisions are based on many, many hours of study, back-testing and experience. Many factors enter into the decision to move or exit trades....current price action, which pair and time frame, tendencies of that pair, time of day, market volume, candle patterns forming, pending news releases, etc.. Once a...



very good answered PHx62
have a wonderful week end all people
  • #20,675
  • Jun 14, 2013 12:40pm Jun 14, 2013 12:40pm
Quoting Amirsaid
HI ALL TRADERS IN THIS THREAD I WANT TO ADD SOME THING GOING Very WELL WITH STRATEGY THAT ADD EMA 144+EMA 10 JUST FOR 5&15 TF ALL EXPLAINED IN THIS PDF Attached File {image} rover_north.pdf 1.3 MB | 0 downloads VV GOOD PIPS ESPECIALLY WITH GPY/JPY & EJ PLEASE Attached File {image} rover_north.pdf 1.3 MB | 0 downloads USE IT DEMOOOOOOO FIRST HAVE A NICE WEEK END AMIR SAID

These are not part of TMS. Therefore it does not belong here. If you want to promote it, go make a new thread.
Daniel
  • #20,676
  • Jun 14, 2013 3:30pm Jun 14, 2013 3:30pm
Quoting Phx62
{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,...
This will be my new approach from now on.
  • #20,677
  • Jun 14, 2013 9:19pm Jun 14, 2013 9:19pm
Pivots:

what are the various pivots available ?

Learn them here.

TMS does not use pivots. But if you choose to use Pivots, you have to decide which of the Daily Pivot methods to use and use that consistently in your day trading.

You need to back-test and see for yourself how the market behaves around support and resistance.

Have a good weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,678
  • Jun 15, 2013 6:52am Jun 15, 2013 6:52am
Hi all,
here is my Journal after the second TMS trading week: have a look into my attached PDF.

Attached File(s)
File Type: pdf Trading_Journal_2013_06_15.pdf   2.6 MB | 1,029 downloads


This week my donation for the market... or let's call it "investment in my trading style" has been -160€ / -6% .

My lessons for the last week:
I eliminated the biggest and most dangerous error from last week: the position size.
Mostly I could understand my mistakes:

  1. entered too late
  2. didn't watch to trend
  3. have been too overambitious
  4. entry on Sunday night
  5. didn't take a look at the high of the last week
  6. don’t use signals from H1 as long as you can’t baby-sit it!
  7. take care of ambiguous trends

Two situations I don’t have a clue why it went wrong - would be nice If anybody could have a look at this. (the last two trades in my Journal: AUDUSD short & NZDCAD short)

Cheers Bernhard

  • #20,679
  • Edited 11:08am Jun 15, 2013 7:19am | Edited 11:08am
I would like if anybody can assist me in a trade that I took which turned negative or may I say that I did not manage it well

I wrote some notes on the chart and wish that someone can assist me if my reasoning or notes are correct on what went wrong

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 6-15-2013 4-54-06 PM.jpg Size: 297 KB
I Have Learned to Take Some Losses to Make Profits
  • #20,680
  • Jun 15, 2013 8:49am Jun 15, 2013 8:49am
Quoting TheScorpS
I would like if anybody can assist me in a trade that I took which turned negative or may I say that I did not manage it well I wrote some notes on the chart and wish that someone can assist me if my reasoning or notes are correct on what went wrong Thanks {image}
Your entry TMS wise is too early so i wont talk about that since i notice its a 1h tf
PA wise your entry is late. Bullish engulfing, your entry should be right after it finished forming which is right on the yellow line
SL should be underneath the bull candle. I get that you waited for break so its safer, but your sl should till be under the bull candle.
Daniel
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