Trading Made Simple | Page 1173 | 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

  • #23,441
  • Aug 16, 2013 7:02am Aug 16, 2013 7:02am
Hey guys!

Does anyone know how to get rid of all the previous weeks lines on the attached indicators?

I would prefer to only have the 1 previous weeks/days lines on the chart as keeping all the prior weeks is clogging up the chart!

Any help is much appreciated!

I am still working through all the study materials provided and intend to begin reading a Van Tharps book this weekend.

I have been reading more and more on here recently about how exits are the main issue, and I would totally agree with that. Entries are relatively simple compared to exiting at the right time with close to max pips as possible. But I suppose that also comes down to your psychology and having faith in your original decision to take the trade.

I could have gained my 50 pip TP on 2 trades yesterday and 1 today..but instead I exited too early and made only BE on 1 trade, 10 pips and 19 pips on the 3 trade. Looking back there was no reason to exit as the CS showed good momentum in the price..just got scared when it had a retrace of 10-15 pips and lost faith!

Cheers

Paul
  • #23,442
  • Aug 16, 2013 7:03am Aug 16, 2013 7:03am
Quoting irishtoffy
Hey guys! Does anyone know how to get rid of all the previous weeks lines on the attached indicators? I would prefer to only have the 1 previous weeks/days lines on the chart as keeping all the prior weeks is clogging up the chart! Any help is much appreciated! I am still working through all the study materials provided and intend to begin reading a Van Tharps book this weekend. I have been reading more and more on here recently about how exits are the main issue, and I would totally agree with that. Entries are relatively simple compared to exiting...
Here the indis I forgot to attach!
Attached File(s)
File Type: ex4 #Fibo Prev Day.ex4   8 KB | 444 downloads
File Type: ex4 #Fibo Prev Week.ex4   8 KB | 497 downloads
  • #23,443
  • Aug 16, 2013 7:06am Aug 16, 2013 7:06am
Quoting irishtoffy
Hey guys! Does anyone know how to get rid of all the previous weeks lines on the attached indicators? I would prefer to only have the 1 previous weeks/days lines on the chart as keeping all the prior weeks is clogging up the chart! Any help is much appreciated! I am still working through all the study materials provided and intend to begin reading a Van Tharps book this weekend. I have been reading more and more on here recently about how exits are the main issue, and I would totally agree with that. Entries are relatively simple compared to exiting...

Put a script on your chart to manage the trade, that way you shouldn't be tempted to close it out early.
  • #23,444
  • Aug 16, 2013 7:23am Aug 16, 2013 7:23am
Anyone else long on EJ from 129.10?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 65 KB
  • #23,445
  • Aug 16, 2013 7:24am Aug 16, 2013 7:24am
Quoting harvman5
Anyone else long on EJ from 129.10? {image}
I was going to enter but sitting out till news is out.
  • #23,446
  • Aug 16, 2013 7:28am Aug 16, 2013 7:28am
Quoting harvman5
Anyone else long on EJ from 129.10? {image}

Do you mean 130.10? If so I would be interested in opinions on the validity of this setup.

Thanks
  • #23,447
  • Aug 16, 2013 7:48am Aug 16, 2013 7:48am
Quoting harvman5
Anyone else long on EJ from 129.10? {image}
That appears to be a fake. The H4 shows down and the Daily shows flat.

Fx....
  • #23,448
  • Aug 16, 2013 7:52am Aug 16, 2013 7:52am
Quoting Fx-optimus
{quote} That appears to be a fake. The H4 shows down and the Daily shows flat. Fx....

What shows down to you on H4?
  • #23,449
  • Aug 16, 2013 7:56am Aug 16, 2013 7:56am
Quoting lastingwell
{quote} What shows down to you on H4?
Green crossing down.
Attached Image
  • #23,450
  • Aug 16, 2013 8:11am Aug 16, 2013 8:11am
Quoting Fx-optimus
{quote} Green crossing down. {image}
Mine is a different H4 and I have it the other way around
  • #23,451
  • Aug 16, 2013 8:17am Aug 16, 2013 8:17am
market is too tight and not moving. Perhaps the Michigan sentiment will push EU, AU, GU, NU up. Should I wait? Yes the market is waiting. It is Friday and that is going to be the last push. However, traders have been waiting for some positive data to buy usd. But USD failed them with poor data.

Are there any other signal in other pairs?

Fx..
  • #23,452
  • Aug 16, 2013 8:25am Aug 16, 2013 8:25am
I'm long in the EJ and NJ
  • #23,453
  • Aug 16, 2013 8:35am Aug 16, 2013 8:35am
Quoting heispark
{quote} Stil in? I am out with small loss.
No, I moved the SL to BE+1 after 20 pips and got out 2 hours ago. I think the trade was good, I'll post the grafs later...
  • #23,454
  • Aug 16, 2013 8:48am Aug 16, 2013 8:48am
Anyone looking to make any moves at the next top of the hour?
  • #23,455
  • Aug 16, 2013 8:53am Aug 16, 2013 8:53am
Quoting verouchi
Anyone looking to make any moves at the next top of the hour?
Sell USD if Michigan data is negative in couple of minutes.

Fx..
  • #23,456
  • Aug 16, 2013 9:21am Aug 16, 2013 9:21am
Quoting tradefish
{quote} No, I moved the SL to BE+1 after 20 pips and got out 2 hours ago. I think the trade was good, I'll post the grafs later...
Here are the grafs of the trade. In both of them price is bouncing off the 200ema. I enter at the close of the first red candle in m15, maybe it's a little too late and I may have entered when price drops below last white candle, but I wanted to confirm the movement....
Then move SL after reaching 20 pips and it takes me out 3 hours later. That's all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj1h.JPG Size: 83 KB
Click to Enlarge Name: 15m.JPG Size: 75 KB
  • #23,457
  • Aug 16, 2013 9:44am Aug 16, 2013 9:44am
Quoting lastingwell
{quote} Put a script on your chart to manage the trade, that way you shouldn't be tempted to close it out early.
Hi Lastingwell

I dont know how to use a script to manage a trade?

I do have this EA set which is a 20 pip JSL (which Emmanuel kindly provided!), but when I load it on to a chart/pair with a trade running and click the button to activate the EA it doesnt seem to do anything..

I think you're right though I need to get some consistent exit rules set out for myself, or turn it over to a script/EA to manage it for me once I make the decision to enter the trade.

This exiting at worse possible moments is a regular occurrence for me!
  • #23,458
  • Aug 16, 2013 9:51am Aug 16, 2013 9:51am
a completely Stop Loss trade, EU H1 trade......... could anyone comment please
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 42 KB
  • #23,459
  • Aug 16, 2013 9:57am Aug 16, 2013 9:57am
I guess I got it, its due to the trade is close to Yesterday's high. just for anyone's reference
  • #23,460
  • Aug 16, 2013 10:08am Aug 16, 2013 10:08am
Quoting frontline141
I guess I got it, its due to the trade is close to Yesterday's high. just for anyone's reference
And with an ATR of only 68 pips I haven't even bothered to trade EU at the moment.

what price did you get in at?
316 traders viewing now, 1 is registered:
sanbar