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Trading Made Simple

  • #23,781
  • Aug 21, 2013 2:46am Aug 21, 2013 2:46am
Quoting Fx-optimus
There are many Green cross red trade entries becomes fake even after following all the entry rules including the trend in higher time frame. Then how do we identify the right green cross red to take the trade for at least 50 pips profit? For example the EJ buy entry promised a good trade in H1, but the very next candle turned back and now it is moving south. Trading Made Simple doesn't appear to be simple. Can some one explain. I have read enough of the thread to understand the system. Please do not ask me to read again. I am asking this fundamental...
Perhaps I will answer my own question. Please correct me if I am wrong;

When green cross red the market sentiment is in that direction. But the market sentiment changes to make the market move in the opposite direction. So trade along with the market sentiment as indicated by the TDI in line with market sentiment in the higher time frame. It is not necessary that the market should move in the direction of the sentiment as and when green cross red. It may move in the direction or reverse. Am I correct folks?

Fx..
  • #23,782
  • Aug 21, 2013 2:49am Aug 21, 2013 2:49am
and EJ just went up like i said....
  • #23,783
  • Aug 21, 2013 2:51am Aug 21, 2013 2:51am
Quoting emmanuel7788
{quote} You all are getting very good at H1 trading with EJ. This shows the results of PHx62 postings taking effect on you all.... Well done folks.
Sorry emmanuel, I am yet to catch up with you for H4 trading. I love to trade H4, but let me have a feel of the funda here with H1.

Fx..
  • #23,784
  • Aug 21, 2013 2:51am Aug 21, 2013 2:51am
Quoting Fx-optimus
There are many Green cross red trade entries becomes fake even after following all the entry rules including the trend in higher time frame. Then how do we identify the right green cross red to take the trade for at least 50 pips profit? For example the EJ buy entry promised a good trade in H1, but the very next candle turned back and now it is moving south. Trading Made Simple doesn't appear to be simple. Can some one explain. I have read enough of the thread to understand the system. Please do not ask me to read again. I am asking this fundamental...
i was on the same EJ buy trade and i won for around 30 pips. it wasn't really a fake just so that it met resistance in 131.00.

as i have pointed out on my charts it now has formed a double top, hence the move down. i am on the ej sell trade now too. currently on break even after being up by 15 pips.

my reasons:
tdi price line formed double top.
price failed to break 131.00 level.

so will this continue down? my answer is price action will guide us. if a pinbar forms on this h1 candle i will monitor this trade more closely

regards
  • #23,785
  • Aug 21, 2013 2:53am Aug 21, 2013 2:53am
Quoting Fx-optimus
There are many Green cross red trade entries becomes fake even after following all the entry rules including the trend in higher time frame. Then how do we identify the right green cross red to take the trade for at least 50 pips profit? For example the EJ buy entry promised a good trade in H1, but the very next candle turned back and now it is moving south. Trading Made Simple doesn't appear to be simple. Can some one explain. I have read enough of the thread to understand the system. Please do not ask me to read again. I am asking this fundamental...
You are entering too late for a 1H trade, PA is king until you understand that you will have a lower % success rate. EJ at that point was rising into fairly strong resistance, I entered at the first apb colour changed and monitored very closely. I took half my profit at 20 pips and moved the rest to BE which was hit.

I'm not saying re read the thread but do go to phx62's name and read all his posts if you want to trade 1H.
  • #23,786
  • Aug 21, 2013 2:53am Aug 21, 2013 2:53am
Quoting Fx-optimus
{quote} Perhaps I will answer my own question. Please correct me if I am wrong; When green cross red the market sentiment in in that direction. But the market sentiment changes to make the market move in the same direction. So trade along with the market sentiment as indicated by the TDI in the direction of market sentiment in the higher time frame. It is not necessary that the market should move in the direction of the sentiment as and when green cross red. It may move in the direction or reverse. Am I correct folks? Fx..
Re post your chart with Entries and exits and reasons why you'd make the trades from the Asian session, there are two trades there (both of which i took 1 +30) and the other which is about to take me out at BE+1.

If you study Phx62 until you can't stand the site of his charts it does become stupidly simple.

Phx62 and the F12 button are your Holy Grail.
  • #23,787
  • Aug 21, 2013 2:53am Aug 21, 2013 2:53am
Quoting FxLapozi
and EJ just went up like i said....
How did you enter before even the red H1 candle not closed? See what happened. You seems to be over smart to take the trades violating the entry rules.

Fx..
  • #23,788
  • Aug 21, 2013 2:54am Aug 21, 2013 2:54am
Quoting evilmechy
{quote} I'm in the same trade. Lets see how it goes~
EJ got stopped out at +2.
But my AJ is still going.
  • #23,789
  • Aug 21, 2013 2:54am Aug 21, 2013 2:54am
Quoting Fx-optimus
{quote} How did you enter before even the red H1 candle not closed? See what happened. You seems to be over smart to take the trades violating the entry rules. Fx..
There is a clear Pin par formation.
  • #23,790
  • Aug 21, 2013 2:59am Aug 21, 2013 2:59am
Quoting FxLapozi
{quote} Wow emmanuel,how did you get all those mid , low, high? Is it an indicator?

That is CompassFx' ADR Pro calculator available commercially....
I am currently testing that for my own trading. So far so good.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,791
  • Aug 21, 2013 3:03am Aug 21, 2013 3:03am
Quoting barloc
2 Trades same entry, Counter Trend Quick pips. 15 min divergence + trade plan setup #1 +20 TP hit #2 +20 --Trade Manager messed up my trade again. TP was 50 pips I cant get the Trail HighLow candle setting to work. Trade closed immediately instead of trailing 10 pips behind. Trade might reverse at the EMA, but still I didnt want my second trade to close. Total for the week +150 pips {image}


E/J just took a big dive .. Damn that Trade manager.

Moving on.
Dragon Rider
  • #23,792
  • Aug 21, 2013 3:04am Aug 21, 2013 3:04am
EJ will react at 130.40 .... why?

don't panic and jump out if you are seller.

next reaction 130.05
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,793
  • Aug 21, 2013 3:04am Aug 21, 2013 3:04am
Quoting emmanuel7788
{quote} That is CompassFx' ADR Pro calculator available commercially.... I am currently testing that for my own trading. So far so good.
How much would it cost?
  • #23,794
  • Aug 21, 2013 3:05am Aug 21, 2013 3:05am
Quoting barloc
{quote} E/J just took a big dive .. Damn that Trade manager. Moving on.

I was + 2, im now + 25

Did i miss something . . .
  • #23,795
  • Aug 21, 2013 3:06am Aug 21, 2013 3:06am
Quoting FxLapozi
and EJ just went up like i said....
EURJPY 1H
Sold at retrace that I mentioned earlier.

Currently +20++pips. Closed 2 at +20, letting this last one run at BE+1. Nice quick dive.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 64 KB
  • #23,796
  • Aug 21, 2013 3:08am Aug 21, 2013 3:08am
Thanks for all the replies. yet I have not got the right answer to my question as also to my own reply on my own question. However, I got one reply that after the entry one has to manage the trade for profit. That's a good one because all trades may not see it's TP. One need to have a skill to manage the trade to optimise the profit.

I am not convinced that my entry is late. Please let me know what is the entry point here? The opening of the candle shown in red arrow or the blue arrow? As per my understanding the candle need to close before making entry because the same candle some time reverse back to continue to move in the original direction.
Attached Image
  • #23,797
  • Aug 21, 2013 3:12am Aug 21, 2013 3:12am
Quoting Fx-optimus
{quote} Sorry emmanuel, I am yet to catch up with you for H4 trading. I love to trade H4, but let me have a feel of the funda here with H1. Fx..

Don't be sorry. It is your money your are trading with.
When I was 20 years younger I love to drive fast cars and be in the fast lane all the time.
Today I am near 60, a simple car work just fine, drive slowly, enjoy the breeze, ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,798
  • Aug 21, 2013 3:14am Aug 21, 2013 3:14am
Quoting FxLapozi
{quote} EURJPY 1H Sold at retrace that I mentioned earlier. Currently +20++pips. Closed 2 at +20, letting this last one run at BE+1. Nice quick dive. {image}
Out +5 for last trade. Total +45pips.

Wont be surprised if 131 is to be broken by the next hour if the PA continues to be like this.
  • #23,799
  • Aug 21, 2013 3:20am Aug 21, 2013 3:20am
Quoting Fx-optimus
{quote} How did you enter before even the red H1 candle not closed? See what happened. You seems to be over smart to take the trades violating the entry rules. Fx..
FYI, i did not enter any trade before the candle close. Please refer to my earlier post whereby I stated that I will enter once 4h and 1h bar closed which I did.

I sold at the retracement I mentioned earlier because the PA seems to suggest south movement. the Stop loss is around 40-50pips and the reward is probably more which is why i took up the trades.

You see, the rules are dead. If you keep sticking to the rules, it will get you nowhere (at least for 1H chart) because you are either
1. Probably too late to enter trades because everything is confirmed or
2. you will sitting there regretting you didnt enter earlier.

I dont want either one happen to me. Thus, as long as the R;R is appealing and the PA is good, I will go for the trade.

But, I reemphasized again, I did not enter before the close of candle. Please take note of that.
  • #23,800
  • Aug 21, 2013 3:21am Aug 21, 2013 3:21am
Quoting FxLapozi
{quote} I am waiting for the 4h and 1h bar to close in 30minutes time before entering short. There will be a retrace to 6x-70 in the next hour. Will enter short there if the candle remain below EMA. Too early to enter now although the indicators do point to south. I dont wanna take a risk especially not on yen pairs whereby anything can happen.
Quoting this up for FxOptimus
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