Trading Made Simple | Page 1039 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #20,761
  • Jun 17, 2013 6:34pm Jun 17, 2013 6:34pm
AU 17 Jun post-mortem:

Here is a quick POMO of AU yesterday.
There is a good trade opportunity this week ...a good swing is 200 to 240 pips. Start looking today.
Attached Image (click to enlarge)
Click to Enlarge Name: AU H1 17 Jun POMO 18-6-2013 7-21-10 AM.png Size: 85 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,762
  • Jun 17, 2013 6:39pm Jun 17, 2013 6:39pm
Thanks Emmanuel, I will have to view the video a couple of time more and a very handy way to post charts.
  • #20,763
  • Jun 17, 2013 10:13pm Jun 17, 2013 10:13pm
ASIAN session:

No one trade / scalp Asian session using TMS LTF?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,764
  • Jun 17, 2013 11:03pm Jun 17, 2013 11:03pm
not really can catch a chance yet...
  • #20,765
  • Jun 17, 2013 11:34pm Jun 17, 2013 11:34pm
Quoting emmanuel7788
ASIAN session: No one trade / scalp Asian session using TMS LTF?
i did on AU, out with -15 pips when i realized i traded right on the news.
Daniel
  • #20,766
  • Jun 17, 2013 11:37pm Jun 17, 2013 11:37pm
Quoting emmanuel7788
ASIAN session: No one trade / scalp Asian session using TMS LTF?
Picked up 40 pips on Asian session AU H1 based on a continued downtrend of the TDI, also a break below the low of the pullback candle and 200EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.6.18 au h1 asian.png Size: 56 KB
  • #20,767
  • Jun 17, 2013 11:49pm Jun 17, 2013 11:49pm
Quoting emmanuel7788
{quote} Dabbeljoe, You are done with demo and taken the big decision and start Live trading. You aready completed Step 2. Step 2 is to do back-testing for at least one year old data, then work out a trading plan and start demo. Do 100 demo trades, then another 100 trades and another 100 trades over a longer period of time. With 300 demo trades completed, you will be in a good position to analyse and 'fine tune your trading plan as each of the 100-trades cycles and eventually come up with a final trading plan for Live trading. Now in Live Trading,...

Thanks a lot, I have read Mark Douglas "Trading in the Zone" almost last pages so far, I'm reading "Naked Trading" now and I would like to read another psychology book because here I mostly need to improve so I will put Trading Coach as my next reading book

Thanks again for continues coaching and contribution to TMS family
I Have Learned to Take Some Losses to Make Profits
  • #20,768
  • Jun 18, 2013 1:51am Jun 18, 2013 1:51am
Quoting Phx62
{quote} Picked up 40 pips on Asian session AU H1 based on a continued downtrend of the TDI, also a break below the low of the pullback candle and 200EMA. {image}

That's a great trade following the continuation of the previous day trend.
As I was looking at the Sunday candle high-low, and that H4 Hammer sit smack at the low and that also Tokyo open) was just too nice I thought.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 18 Jun 18-6-2013 2-47-17 PM.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,769
  • Jun 18, 2013 1:53am Jun 18, 2013 1:53am
I just short EU in H1
http://www3.picturepush.com/photo/a/...g/13344126.jpg
  • #20,770
  • Jun 18, 2013 1:55am Jun 18, 2013 1:55am
quote=huglau;6759283]not really can catch a chance yet...[/quote]huglau,

more screen charting time and practice will build up your arsenal of trading skills and that will help you look at more options in looking for trades in different market session and in different timeframes starting with a top down approach everyday ... start with D > H4 > H1 > M15.

Keep practicing...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,771
  • Jun 18, 2013 2:00am Jun 18, 2013 2:00am
Quoting huglau
I just short EU in H1 {image}

huglau,

that's very nice entry!
Look at H4 now , you see you entered on TMS 4H APB candle #1, ... before a TDI cross on H4.

Now it is up to the market and your trade management skill that will decide now many pips you can make out if this trade.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,772
  • Edited 2:27am Jun 18, 2013 2:09am | Edited 2:27am
Quoting TheScorpS
{quote} Thanks a lot, I have read Mark Douglas "Trading in the Zone" almost last pages so far, I'm reading "Naked Trading" now and I would like to read another psychology book because here I mostly need to improve so I will put Trading Coach as my next reading book Thanks again for continues coaching and contribution to TMS family
That Dr Brett Steenbarger book "The Dailiy Trading Coach ... 101 lessons..." is really a great book to have on your trading desk. I read again and again some of those 101 lessons whenever I have a relevant topic and I want to find a quick answer.

I wish there is a ebook book version that I can carry along in my Android tablet.

There are also many topical articles at his website and very useful to help us re-focus when we face with stressful times during our trading career.

Enjoy the reading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,773
  • Jun 18, 2013 2:27am Jun 18, 2013 2:27am
Quoting emmanuel7788
{quote} Dabbeljoe, You are done with demo and taken the big decision and start Live trading. You aready completed Step 2. Step 2 is to do back-testing for at least one year old data, then work out a trading plan and start demo. Do 100 demo trades, then another 100 trades and another 100 trades over a longer period of time. With 300 demo trades completed, you will be in a good position to analyse and 'fine tune your trading plan as each of the 100-trades cycles and eventually come up with a final trading plan for Live trading. Now in Live Trading,...
Sounds like a good book Emmanual, I'll read it for sure. When I first started trading I thought that I wasn't gonna let me fool myself by my own psychology, I'm a down to earth kind of girl, no problem with my psychology. Boy, was I wrong! That's why I had to go live, on a demo I'm oke, doing some nice trading, very relaxed. But when I'm live, I doubt everything, think about it until the momentum is gone and then buy anyway, just because I want to trade, I'm doing everything wrong! Well, not everything, but a lot.. So, that book is written for me.
I did a couple of hunderds of trades now, big ones on demo, small ones live, I think I know a little bit about how it goes and, of course, I'm still learning. I'm glad there are people like you who want to answer stupid questions and teach newbies like me, big applause!

Thanks for the video too, about the journalling, great tip! :-)
  • #20,774
  • Jun 18, 2013 2:59am Jun 18, 2013 2:59am
The EUR/JPY seems like a valid entry on the 1H tf. It has broken yesterday high and has TDI confirmation on both the 1H and 4H charts. Any views?
  • #20,775
  • Jun 18, 2013 3:02am Jun 18, 2013 3:02am
Quoting kiranizzle
The EUR/JPY seems like a valid entry on the 1H tf. It has broken yesterday high and has TDI confirmation on both the 1H and 4H charts. Any views?
i already in when the H1 candle start
  • #20,776
  • Jun 18, 2013 3:20am Jun 18, 2013 3:20am
Quoting huglau
{quote} i already in when the H1 candle start
Brilliant. ATR 7 is at about 30 points so that is my TP1, although there seems to be a fair amount of momentum behind the move, may try and shoot for 60, roughly half the ADR.
  • #20,777
  • Jun 18, 2013 3:22am Jun 18, 2013 3:22am
Hi, i want to share my second daily trade, i missed the first one (low breakout of Asian session)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 48 KB
  • #20,778
  • Jun 18, 2013 3:23am Jun 18, 2013 3:23am
Quoting kiranizzle
{quote} Brilliant. ATR 7 is at about 30 points so that is my TP1, although there seems to be a fair amount of momentum behind the move, may try and shoot for 60, roughly half the ADR.
very nice, i am trying to aim higher too, thinking of 127. 7 close to 200EMA of H1
i had move my SL to BE
  • #20,779
  • Jun 18, 2013 3:48am Jun 18, 2013 3:48am
Stopped out at breakeven on that EUR/JPY, might have been too tight to move to BE now looking back at it.
  • #20,780
  • Jun 18, 2013 3:51am Jun 18, 2013 3:51am
Quoting kiranizzle
Stopped out at breakeven on that EUR/JPY, might have been too tight to move to BE now looking back at it.
I still having the trade now SL set as 127.26, but my GJ was hit at BE too..
95 traders viewing now, 1 is registered:
Vincent02227