Trading Made Simple | Page 1257 | 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

  • #25,121
  • Sep 16, 2013 6:46am Sep 16, 2013 6:46am
Quoting gsbharaj
{quote} i will keep you posted about it. right now riding the USD/DKK will post charts tomorrow.
USDDKK... you trade like a central banker....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,122
  • Sep 16, 2013 6:53am Sep 16, 2013 6:53am
Quoting gsbharaj
{quote} who told you i took someone's else trade? read the posts and then reply. regards

hope you trade demo account if you don't know where is your stop loss
  • #25,123
  • Sep 16, 2013 6:56am Sep 16, 2013 6:56am
Quoting emmanuel7788
{quote} USDDKK... you trade like a central banker....
i accidentally closed eur/usd chart. usd/dkk was open so shorted it as it is 100% negative correlated
Come tomorrow, I'll wake up new
  • #25,124
  • Sep 16, 2013 6:57am Sep 16, 2013 6:57am
Quoting emmanuel7788
{quote} USDDKK... you trade like a central banker....

  • #25,125
  • Sep 16, 2013 7:01am Sep 16, 2013 7:01am
Quoting Fx94
{quote} Where do you see a Master Candle in EJ H1 ? Regards, FX94

H4... TF not H1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,126
  • Sep 16, 2013 7:02am Sep 16, 2013 7:02am
Quoting gsbharaj
{quote} i accidentally closed eur/usd chart. usd/dkk was open so shorted it as it is 100% negative correlated
gsbharaj, you are a nut case!!
  • #25,127
  • Sep 16, 2013 7:02am Sep 16, 2013 7:02am
Oh, boy another slow moving day. Tempting to try Gold.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,128
  • Sep 16, 2013 7:03am Sep 16, 2013 7:03am
Quoting Uk1
{quote} gsbharaj, you are a nut case!!
(english humour - No intention to offend....)
  • #25,129
  • Sep 16, 2013 7:13am Sep 16, 2013 7:13am
Quoting heispark
Oh, boy another slow moving day. Tempting to try Gold.....
real slow ... Japan Bank holidays, tomorrow when Tokyo opens, there will be many hungry traders.
Let's see what the US market will be after London close soon and how US markets will close later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,130
  • Sep 16, 2013 7:26am Sep 16, 2013 7:26am
Quoting gsbharaj
{quote} i accidentally closed eur/usd chart. usd/dkk was open so shorted it as it is 100% negative correlated
Do you have any idea why there is a 100% correlation? And do you know what the spread is on the USDDDK? And the volume? Can you give me one good reason why you should have that chart open at all?
  • #25,131
  • Sep 16, 2013 7:30am Sep 16, 2013 7:30am
Well. The first day of option trading on the TMS was successful. The two contracts by fiver and cable of each 2% of the deposit worked profitably. The system works fine. I hope it will be permanently. In tests over the last three mounts the system works well. On the forex market is not so good and the risk is greater, but tweny points today managed to take (also on E/U and G/U). I'm a little simplified system and rules (tested and pondering last weekend - only a laptop, charts, coffee and Metallica ). Course, one day early to judge. I'll see what will come next. At the end of week I will tell you.
Good luck to everyone.
Greed and fear kills traders
  • #25,132
  • Sep 16, 2013 7:47am Sep 16, 2013 7:47am
Quoting gsbharaj
{quote} i accidentally closed eur/usd chart. usd/dkk was open so shorted it as it is 100% negative correlated
The opposite of EU could be UC (swiss franc).....?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,133
  • Sep 16, 2013 8:04am Sep 16, 2013 8:04am
Quoting emmanuel7788
{quote} real slow ... Japan Bank holidays, tomorrow when Tokyo opens, there will be many hungry traders. Let's see what the US market will be after London close soon and how US markets will close later.

Thank you for bringing that up.I was confused with FF calendar with Sunday Bank Holiday!! I was wondering If Japan banks are open in Sundays.
I guess it suppose to be Monday instead of Sunday.
Attached Image
Failure, is a wonderful teacher!
  • #25,134
  • Sep 16, 2013 8:34am Sep 16, 2013 8:34am
Quoting heispark
{quote} The opposite of EU could be UC (swiss franc).....?
You mean correlation? What do you mean bij opposite? Negative correlation?
I don't know what the CHF has got to do with this, DKK is the Danish Krone (crown). Although, there is indeed a high correlation between the USD/CHF and EUR/USD too.

Since the referendum in Denmark about using the euro or not, Denmark decided not to change to euro but to keep the DKK. Only the value was directly attached to the euro with the European Exchange Rate Mechanism (ERM) and ensured that the value between the EURO and DKK never changes more than 2,25%. That's why the USD/DKK and EUR/USD are so highly correlated. And that's why there is no reason to trade USD/DKK. At least, I don't see any reason why.
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2013-09-16 om 17.16.00.png Size: 33 KB
  • #25,135
  • Sep 16, 2013 9:31am Sep 16, 2013 9:31am
Quoting emmanuel7788
{quote} H4... TF not H1

Oh, sorry i didnīt considered this. Please take a look at this chart. Is this the candel you wrote about ?

Thanks for the help !!!!!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 2131323.png Size: 34 KB
  • #25,136
  • Sep 16, 2013 10:36am Sep 16, 2013 10:36am
Quoting emmanuel7788
{quote} USDDKK... you trade like a central banker....
I've always wondered why people don't trade all these other pairs. I've stood away from them because to my knowledge they're more volatile, unpredictable and their spread is 10 times higher..... And then this friend who is completely new to forex starts trading them and makes a decent buck off a few of those (ZAR, turkish lira...) and informs me that the spread is as high as GJ for instance, they're easier to trade and they make way bigger moves.... Personally I'll keep staying away from such pairs, because quite frankly EU/EJ/GU give me more than enough trade opportunities, but just thinking about it that's all. Maybe I've missed something?
  • #25,137
  • Sep 16, 2013 11:00am Sep 16, 2013 11:00am
nice post buddy.very intelligent.keep it up.
  • #25,138
  • Sep 16, 2013 11:55am Sep 16, 2013 11:55am
Quoting Dabbeljoe
{quote} You mean correlation? What do you mean bij opposite? Negative correlation?
Yes, i meant negative correlation. Thank you for your detailed information.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,139
  • Sep 16, 2013 12:36pm Sep 16, 2013 12:36pm
Quoting heispark
{quote} Yes, i meant negative correlation. Thank you for your detailed information.
If you want to check for correlation, this is a nice website for it. http://www.investing.com/forex-tools...ion-calculator
  • #25,140
  • Sep 16, 2013 3:41pm Sep 16, 2013 3:41pm
Quoting Fx94
{quote} Oh, sorry i didnīt considered this. Please take a look at this chart. Is this the candel you wrote about ? Thanks for the help !!!!!!!!!!! {image}
http://www.forexfactory.com/attachment.php?attachmentid=1275499&stc=1&thumb=1&d=1379349091

Yes, that is the H4 candle range. Market wont stay within this 82 pips range for too long, it will breakout of this range.
The average weekly range of the recent 20 weeks is about 275 pips. The breakout can swing Up and Down, so we need have a Plan A and a Plan B.
This should give a good trade potential this week.
Weekly may give some hints.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
54 traders viewing now, 2 are registered:
kartikpetkar
,