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Trading Made Simple

  • #22,761
  • Aug 5, 2013 4:00am Aug 5, 2013 4:00am
Quoting tenmilewalk
Unfortunately I have not. Good call.
i have no problems with entries, unfortunately my problems start with psychology. greed, fear of loss.... those are my weakest points. lol
  • #22,762
  • Edited 4:30am Aug 5, 2013 4:02am | Edited 4:30am
Quoting Phx62
Nice start to the week.....AU has been in a downtrend to the past 6 days.....nice TDI short entry following a pullback bar formation...
Hello, Sir

I see previous H4 candle high/low lines on your H1 chart. Is this useful or convenient in any purpose? Do you also count H4 candle breakout when you trade? If this is a duplicate question, please accept my apology.

Thank you.
Justin
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,763
  • Aug 5, 2013 4:34am Aug 5, 2013 4:34am
I just manually closed my GU trade for a profit of around 52 pips....
  • #22,764
  • Aug 5, 2013 4:53am Aug 5, 2013 4:53am
i would like to share with you my demo account using tms, i started around tuesday or wednesday last week.

so far so good....

i hope to continue my learning journey with you guys.
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  • #22,765
  • Aug 5, 2013 5:00am Aug 5, 2013 5:00am
Quoting markgrejaldo
i would like to share with you my demo account using tms, i started around tuesday or wednesday last week. so far so good.... i hope to continue my learning journey with you guys. {image}
Yeah congratulations on those pips, good luck
I Have Learned to Take Some Losses to Make Profits
  • #22,766
  • Edited 10:08am Aug 5, 2013 5:05am | Edited 10:08am
I also took the GU H1 trade.....a continuation trade.....all time frames in an uptrend.......entry on a break above the Frankfurt candle.....already in profit +40 pips BEFORE GU news announcement with SL moved to BE, so a no risk trade......reached the TP......off to bed to get a couple of hours sleep......
Attached Image (click to enlarge)
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  • #22,767
  • Aug 5, 2013 5:26am Aug 5, 2013 5:26am
I started trading 1 month ago, Ive spent around minimum 10 hours each day, trying and failing. Entered around 15 live webinars..and yeah...even though my first month was a failure P&L wise..My knowledge too FX and macro econmy has been enormues.
After I started using this strategy...well I have around 6 wins out of 6 tryes. and 220 pips banked..

I just need to say thx too the departed Big E, and all other contributors too this post.
See you guys around for a long journey in the FX markedet

Best regards

Kavinsky
  • #22,768
  • Aug 5, 2013 6:45am Aug 5, 2013 6:45am
Hi ppl! Im absolutely new here, in FF, so i can not send PMs right now. Can anyone of the firsts (snarlyjack, Numb3rs, etc) post here an email address? I have several questions, and there is no contact information to send them. I would like to trade your system, and so amazed by it's simplicity. The rules are not crystal clear yet, but will learn a couple of days.

Thanks for posting all the information in this thread
  • #22,769
  • Aug 5, 2013 6:55am Aug 5, 2013 6:55am
Quoting Phx62
I also took the GU H1 trade.....a continuation trade.....all time frames in an uptrend.......entry on a break above the Frankfurt candle.....already in profit +40 pips BEFORE GU news announcement with SL moved to BE, so a no risk trade......reached the TP......off the bed to get a couple of hours sleep......{image}
Couple hours of sleep.... wow! You're a busy man.

I do hope you'll stick around more frequently here phx62. Your thoughts are hidden gems
  • #22,770
  • Aug 5, 2013 6:57am Aug 5, 2013 6:57am
Quoting TheScorpS
{quote} Yeah congratulations on those pips, good luck
It's just a demo account but thanks.... i need that

You too, trade well.
  • #22,771
  • Aug 5, 2013 7:13am Aug 5, 2013 7:13am
Quoting Shardaukar
Hi ppl! Im absolutely new here, in FF, so i can not send PMs right now. Can anyone of the firsts (snarlyjack, Numb3rs, etc) post here an email address? I have several questions, and there is no contact information to send them. I would like to trade your system, and so amazed by it's simplicity. The rules are not crystal clear yet, but will learn a couple of days. Thanks for posting all the information in this thread
The word "simple" in the title often gets misinterpreted, read the 1st 20 pages at least 2X and you will have the nuts & bolts of this strategy. It is simple and it is profitable.
  • #22,772
  • Aug 5, 2013 9:34am Aug 5, 2013 9:34am
Iīll go long on the next hour opening...

..provided itīs blue...
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  • #22,773
  • Aug 5, 2013 10:13am Aug 5, 2013 10:13am
Quoting heispark
{quote} Hello, Sir I see previous H4 candle high/low lines on your H1 chart. Is this useful or convenient in any purpose? Do you also count H4 candle breakout when you trade? If this is a duplicate question, please accept my apology. Thank you. Justin
I use the Month, Week, Daily and H4 highs and lows as S/R lines in my trading. As with all S/R lines, sometimes they hold and sometimes they don't. The H4 lines make good targets for scalping trades and on the M15 charts, price will usually test the H4 high or low at least once before breaking through. I don't use those lines for breakout trades.
  • #22,774
  • Aug 5, 2013 7:23pm Aug 5, 2013 7:23pm
In on UJ since last night. Entered because it couldn't break back up past the prev low and TDI cross confirmed it.
Currently at +40.
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  • #22,775
  • Edited Aug 6, 2013 4:38am Aug 5, 2013 8:48pm | Edited Aug 6, 2013 4:38am
Quoting Phx62
{quote} I use the Month, Week, Daily and H4 highs and lows as S/R lines in my trading. As with all S/R lines, sometimes they hold and sometimes they don't. The H4 lines make good targets for scalping trades and on the M15 charts, price will usually test the H4 high or low at least once before breaking through. I don't use those lines for breakout trades.

Thank you very much for your feedback, Sir. I know you use Daily_High_Low.mq4 indicator to draw Daily high/low and you manually draw weekly and monthly high/low. The H4 high/low lines in your chart doesn't look come from either BreakOut_BOX or any other pivot indicators you ever mentioned. Although I did a due diligence to make a search for good 4H high/low indicators, I couldn't find what I like. H4 Hi-Lo lines (Black).ex4 indicator which Emmanuel uploaded long ago looks ok, but it requires manually refresh. Unless your indicator is private, could you please share your 4H high/low indicator?


Thank you.

Justin


EDIT: It looks i don't need to manually refresh [highlight=rgba(255, 255, 255, 0)]H4 Hi-Lo lines (Black).ex4 chart while MT4 is opened. Only I need to do it when I restart MT4. [/highlight]

Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,776
  • Aug 5, 2013 10:03pm Aug 5, 2013 10:03pm
EU looks interesting today......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,777
  • Aug 5, 2013 11:55pm Aug 5, 2013 11:55pm
Attachment missed the aud.usd trade. RCB rate news announcement.
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  • #22,778
  • Aug 6, 2013 12:53am Aug 6, 2013 12:53am
Quoting tenmilewalk
1247767missed the aud.usd trade. RCB rate news announcement. {image}
what did you missed? tdi cross up or down? several times.
one cannot simply see a long price bar and then make a conclusion something was missed.
  • #22,779
  • Aug 6, 2013 1:10am Aug 6, 2013 1:10am
Quoting vtayha
{quote} what did you missed? tdi cross up or down? several times. one cannot simply see a long price bar and then make a conclusion something was missed.

It was a miss because it broke the prev daily high and monthly low.
AU has in a uptrend since yesterday and the news just gave it a boost to break past those resistances.
  • #22,780
  • Aug 6, 2013 1:13am Aug 6, 2013 1:13am
Quoting vtayha
{quote} what did you missed? tdi cross up or down? several times. one cannot simply see a long price bar and then make a conclusion something was missed.
Hello vtayha, evilmechy gave some good insight as to why this was a missed trade
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