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Trading Made Simple

  • #26,041
  • Oct 9, 2013 7:21am Oct 9, 2013 7:21am
EU and GU - H4 trades cut-losses.

Today we see some very strong price moves and we see trade invalidation hence cut some losses today.
Now we wait for the big news later today in the US.

Until I see new chart conditions with high probability setups, it will be trading lower timeframe and simply hit and run type trades.
  • #26,042
  • Oct 9, 2013 7:25am Oct 9, 2013 7:25am
EJ H4 still very much sideways movements so lower timeframe intraday trading is limited to below 80pips.
  • #26,043
  • Oct 9, 2013 7:26am Oct 9, 2013 7:26am
where are all our pro traders? Not posting their trades and charts.
  • #26,044
  • Oct 9, 2013 8:40am Oct 9, 2013 8:40am
Good morning everyone,

Here is a trade that I took last night on the aud/usd then went to bed.
I opened the trade at the German open (12:00 a.m. my time) and
monitored the trade for about a hour and went to bed.

So now the N/Y open (7:30 a.m. my time). I'am up about 12 pips
(every night is different) and still in this trade. Check out where
my stop loss is and where the 4 hour chart is.

I haven't liquidated out yet and going hummm...

snarlyjack
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdmh1.png Size: 78 KB
Click to Enlarge Name: audusdmh4.png Size: 77 KB
  • #26,045
  • Oct 9, 2013 9:05am Oct 9, 2013 9:05am
Ok Guy's & Gal's,

I just liquidated out for 22 pips. Which I thought was good considering
that I slept through the whole thing. Now I'll drop down to the 1 hour
and 15 minute charts and start looking for other opportunities.

So...I'am up $220.00 and now I can eat steak & eggs for breakfast.
No big deal...

snarlyjack
Attached Image (click to enlarge)
Click to Enlarge Name: audusdmh1.png Size: 78 KB
  • #26,046
  • Oct 9, 2013 9:12am Oct 9, 2013 9:12am
Quoting snarlyjack
Ok Guy's & Gal's, I just liquidated out for 22 pips. Which I thought was good considering that I slept through the whole thing. Now I'll drop down to the 1 hour and 15 minute charts and start looking for other opportunities. So...I'am up $220.00 and now I can eat steak & eggs for breakfast. No big deal... snarlyjack {image}
Nice trades snarlyjack Looks like it cannot break the last few hours resistance
  • #26,047
  • Oct 9, 2013 9:16am Oct 9, 2013 9:16am
EJ H1 trade, now protected at 131.70.
Watching if it will break lower to 131.25.
TP likely Prev D Low.
  • #26,048
  • Oct 9, 2013 9:18am Oct 9, 2013 9:18am
Thanks Ryanlum,

Their is a s & r line their (visual) and the N/Y is pretty unpredictable.
Sometimes a guy just wants to take the money and run. When I'am
up a good amount of money sometimes I'll just liquidate out. Better
to take profits than turn a winner into a loser. So I'am happy!

snarlyjack
  • #26,049
  • Oct 9, 2013 9:45am Oct 9, 2013 9:45am
Hello,

On the gbp/usd 1 hour & 4 hour charts.

See how price is way out of the Bollinger Bands & the tdi is
setting at the 32 level. That is a warning sign to me.
It's saying...be careful...

snarlyjack
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 68 KB
Click to Enlarge Name: gbpusdmh4.png Size: 74 KB
  • #26,050
  • Oct 9, 2013 10:13am Oct 9, 2013 10:13am
Mini-charts Download Link

For those who PM me for the mini charts shown on my EJ chart below.
Attached Image
  • #26,051
  • Oct 9, 2013 10:24am Oct 9, 2013 10:24am
My one and only trade today....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 117 KB
  • #26,052
  • Oct 9, 2013 10:26am Oct 9, 2013 10:26am
Quoting baokydev
Possible Setup on UJ Short / H1 {image} SL - I will place it above the previous swing high which is 97.50 , and I set it at 97.55 Comments for Entry: Higher possibility of winning with TDI reaching 68 and above and falling from over buy scenario. Green seems to going to breach through red for a short correction But this is not valid yet as of this picture, green did not breach through red yet. We shall wait and monitor.
Trade close in 20 pips profit.
Trading is something special.
  • #26,053
  • Oct 9, 2013 10:29am Oct 9, 2013 10:29am
Quoting munirpt
{quote} Hi baokydev I have been in that path of trying to use TMS in a very mechanical way disregarding price action. When i started trading TMS, i backtested some similar rules to yours and the system didn't prove to be profitable. The 3 rules you mentioned in bold are quite easy to back test. Make sure you test the previous 100 signals, input that info in an excel sheet and find if the rules you are defining are generating a positive expectancy. Not every TDI cross is born the same. There are some crosses that generate profit and others don't....

Hi guys, thanks for the advice, I appreciate your feedback.

Take for example this trade that I just open

EA Long at Candle #1

Attached Image (click to enlarge)
Click to Enlarge Name: ealong.png Size: 51 KB


I make a quick profit of roughly 20-30 pips in 1 candle .

Basically I await for TDI below 32 , green cross red and in a good angle. S/L just +5 pips from previous low

I know everyone got their own method of trading, I just don't wanna add my own bias / interpretation of price action to TDI to corrupt the "Trading Made Simple" original teaching by Big E and snarlyjack(he teach me a lot)
Trading is something special.
  • #26,054
  • Oct 9, 2013 10:34am Oct 9, 2013 10:34am
Quoting WDays
{quote} I believe this is not entirely true... TDI is there to confirm the entry, which is based on PA and price structure. Take the last chart I posted for instance (http://www.forexfactory.com/attachme...2&d=1381306055)... The 1st trade was a bad one because even though PA seemingly signaled a short, TDI never crossed. It was a long-reentry point/TDI bounce trade. However on the 2nd trade (which I bailed out on for no reason -.-), the TDI had crossed neatly which confirmed the trade. Many have said it here, if...

I take TDI with H1 , 32/68 rules , and green cross red + entry at candle #1, #2 , of course i will see TDI at lower TF to ensure support holds and tdi show entry at H1.

Regards,
Baoky
Trading is something special.
  • #26,055
  • Oct 9, 2013 10:51am Oct 9, 2013 10:51am
Hello Members,

Can someone plese tell me if is there a way to backtest the London Market hours only? or what is the best Scripts to use in MT4? and how to easy do those test.

The one I´ve been using is the LFH Trade Simulator .

Thx in advance

Helee
  • #26,056
  • Oct 9, 2013 11:06am Oct 9, 2013 11:06am
Quoting snarlyjack
Ok Guy's & Gal's, I just liquidated out for 22 pips. Which I thought was good considering that I slept through the whole thing. Now I'll drop down to the 1 hour and 15 minute charts and start looking for other opportunities. So...I'am up $220.00 and now I can eat steak & eggs for breakfast. No big deal... snarlyjack {image}
Hey Snarly, nice trade, nice profit too,
so how did you manage $220 on 5 microlot for 22 pips?

just asking...
If you're going through hell, keep going. Winston Churchill
  • #26,057
  • Oct 9, 2013 11:27am Oct 9, 2013 11:27am
Quoting baokydev
{quote} Hi guys, thanks for the advice, I appreciate your feedback. Take for example this trade that I just open EA Long at Candle #1 {image} I make a quick profit of roughly 20-30 pips in 1 candle . Basically I await for TDI below 32 , green cross red and in a good angle. S/L just +5 pips from previous low I know everyone got their own method of trading, I just don't wanna add my own bias / interpretation of price action to TDI to corrupt the "Trading Made Simple" original teaching by Big E and snarlyjack(he teach me a lot)
Hi baokydev

Im sorry, because my intention was not to criticize or interfere with your trading rules.
I was just giving you my opinion based on the way I trade.
There are hundreds of different ways to earn in the Forex market. We can even enter the same trade in the same direction and one of us can win and the other lose because of our own exit strategy... So, if those rules work for you, then keep them!

Green pips to you !

Munir
  • #26,058
  • Oct 9, 2013 11:29am Oct 9, 2013 11:29am
Potential GJ Long

Attached Image (click to enlarge)
Click to Enlarge Name: gjlong.png Size: 51 KB


H1/H4 both show green cross red.
Open at Candle #1
Oversold zone - 32

SL at below swing low +5 pips
Trading is something special.
  • #26,059
  • Oct 9, 2013 11:29am Oct 9, 2013 11:29am
Quoting munirpt
{quote} Hi baokydev Im sorry, because my intention was not to criticize or interfere with your trading rules. I was just giving you my opinion based on the way I trade. There are hundreds of different ways to earn in the Forex market. We can even enter the same trade in the same direction and one of us can win and the other lose because of our own exit strategy... So, if those rules work for you, then keep them! Green pips to you ! Munir
Hi munirpt. I did not take it hardly, I understand your concern and your teaching is valuable too.


No worries. we are all here to learn and make money
Trading is something special.
  • #26,060
  • Oct 9, 2013 12:02pm Oct 9, 2013 12:02pm
Quoting Imi
{quote} Hey Snarly, nice trade, nice profit too, so how did you manage $220 on 5 microlot for 22 pips? just asking...
I saw that made me lol....
Give yourself a chance and trade it like it's layed out...
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