Trading Made Simple | Page 1306 | 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

  • #26,101
  • Oct 10, 2013 2:46am Oct 10, 2013 2:46am
Quoting TraderInc
{quote} HI Pipsmurfer, at the time of this writing, it seems that price is holding well at 131.85. I may be wrong but the price doesn't indicate strong selling at the moment. Not turning down convincingly. IMO.

Thank's for your reaction, I make my plan, put SL and walk away, or it's to say, I look every round hour how it's developing. If I keep looking I experience that I keep on searching to signs and pattersns and often make to early decisions. So I put my SL at 2x ATR(10) and just wait how it's developing.
  • #26,102
  • Oct 10, 2013 2:56am Oct 10, 2013 2:56am
Quoting Pipsmurfer
{quote} Thank's for your reaction, I make my plan, put SL and walk away, or it's to say, I look every round hour how it's developing. If I keep looking I experience that I keep on searching to signs and pattersns and often make to early decisions. So I put my SL at 2x ATR(10) and just wait how it's developing.
The market pays you to be disciplined
  • #26,103
  • Oct 10, 2013 3:45am Oct 10, 2013 3:45am
Market Structure GBP/USD

Didn't have time this week to trade. Made my MS of GU and thought I would share it

Note: S&R and Fibo are from daily chart. Harmonics and divergence on the 4H
Attached Image (click to enlarge)
Click to Enlarge Name: FFGBP10102013.jpg Size: 211 KB
Don’t ever let someone tell you that you can’t do something.
  • #26,104
  • Oct 10, 2013 3:50am Oct 10, 2013 3:50am
EJ +50pips hit
  • #26,105
  • Oct 10, 2013 3:51am Oct 10, 2013 3:51am
http://screencast.com/t/qdepbqHm
  • #26,106
  • Oct 10, 2013 3:52am Oct 10, 2013 3:52am
today AUD let see
Attached Image (click to enlarge)
Click to Enlarge Name: 10+.jpg Size: 144 KB
  • #26,107
  • Oct 10, 2013 4:03am Oct 10, 2013 4:03am
Quoting TraderInc
I took a short at 131.90 but closed position. Just to be safe.
You made the right decision, SL hit.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.h1sl.png Size: 33 KB
  • #26,108
  • Oct 10, 2013 4:17am Oct 10, 2013 4:17am
EU H1 trade 10 Oct Update

H1 IB breakout was good.

Exit TP1 +20 reaction at RN 1.3525
BE remaining 2 pos
Will consider push TP hgher.

Attached Image (click to enlarge)
Click to Enlarge Name: EU H1 trade 10 Oct.png Size: 16 KB



Attached Image (click to enlarge)
Click to Enlarge Name: EU H1 trade 10 Oct update TP1 BE.png Size: 19 KB
  • #26,109
  • Oct 10, 2013 4:20am Oct 10, 2013 4:20am
Quoting Pipsmurfer
{quote} You made the right decision, SL hit. {image}
Think I should have looked better to the H4 and Daily trend. H4 was up and Daily is now making first blue candle. So Its more likely EJ is going up. Daily is also bouncing on 50 MA.
  • #26,110
  • Edited 4:37am Oct 10, 2013 4:27am | Edited 4:37am
Quoting davson90
EJ +50pips hit
I was a bit more cautious, waited till m15 closed above the 62ema,
had it set to move to breakeven when price arrived around the bottom of the weekly trendline (khaki) then just left it to see if it would push through and it did, it had missed my breakeven point by 9 pips or so and carried on up.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpymh1.gif Size: 21 KB
  • #26,111
  • Oct 10, 2013 4:41am Oct 10, 2013 4:41am
SL hit
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.jpg Size: 122 KB
  • #26,112
  • Oct 10, 2013 4:43am Oct 10, 2013 4:43am
i am waiting for entering if close above 1,5939 with pinbar after 15 min
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.JPG Size: 77 KB
  • #26,113
  • Oct 10, 2013 4:50am Oct 10, 2013 4:50am
EU let see
Attached Image (click to enlarge)
Click to Enlarge Name: 10++++.jpg Size: 160 KB
  • #26,114
  • Oct 10, 2013 4:53am Oct 10, 2013 4:53am
Quoting Pipsmurfer
{quote} You made the right decision, SL hit. {image}
Hi Pipsmurfer,

no hard and fast rules to trading. We were given a solid guide on the TDI, sometimes when I enter trades, I "feel" the movement. Usually the signal gives a very fast turnaround time for the trade to run on the reversal. At times when it stalls near the entry, it's very trying to make a decision to exit early. So, we are always "learning the market". I do not use much indicators as you can see on some of my previous chart posting. I look at the turn around signal from TDI and the fibs retracement areas for guide only. The rest is very much to observing the markets.

In a intraday trade, there is only so much pips a currency pair can make in a day. So following the signals, one can garner 1 to 3 trades based on H1 timeframe.
There will be a high and a low on intraday, so if we can define these 2 areas, than it makes decision to enter trade easier once the signal determines the turn. Of course at times, we get knock-out.
The market pays you to be disciplined
  • #26,115
  • Oct 10, 2013 4:57am Oct 10, 2013 4:57am
This is called my impulse trade.....
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1_10_10-13.png Size: 62 KB
The market pays you to be disciplined
  • #26,116
  • Oct 10, 2013 5:01am Oct 10, 2013 5:01am
Quoting TraderInc
This is called my impulse trade..... {image}
As I mentioned before, H4 is strong up, Daily is turning up and TDI daily is upcrossing, no more shorts for me at this moment. Good luck.
  • #26,117
  • Oct 10, 2013 5:15am Oct 10, 2013 5:15am
Quoting TraderInc
This is called my impulse trade..... {image}
Trend is bullish, but you could place a short order for a little retrace .. your entry is a bit early though IMHO
Attached Image (click to enlarge)
Click to Enlarge Name: JP10102013.jpg Size: 195 KB
Don’t ever let someone tell you that you can’t do something.
  • #26,118
  • Oct 10, 2013 5:20am Oct 10, 2013 5:20am
Took 3 trades all of them failed.

ej long 131.7 but closed @ .75 because thought it was going down - wrong.
aj short 91.85 massive fail - stopped
e/au long 1.43320 technically not a fail but -3 pip now. The idea was a fail.
  • #26,119
  • Oct 10, 2013 6:13am Oct 10, 2013 6:13am
Quoting Pipsmurfer
{quote} You made the right decision, SL hit. {image}
This was a perfect right skew trade as Rick of the pro trader network explained,

Correction swing on the down trend is up, abcd completion, PA retraced back to feb 23 which is a shallow retrace

Entry again 1 pip above the high of the setup candle, PA first try to conceal our eyes, TDI crossing down, double top of previous 2 candles, so almost good setup to short, then only PA continue its way up

Now pa is forming a nice Gartley for going short at around 133.00 , lets see
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 423 KB
I Have Learned to Take Some Losses to Make Profits
  • #26,120
  • Edited 6:48am Oct 10, 2013 6:14am | Edited 6:48am
Quoting Pipsmurfer
{quote} Think I should have looked better to the H4 and Daily trend. H4 was up and Daily is now making first blue candle. So Its more likely EJ is going up. Daily is also bouncing on 50 MA.
Wasn't this news driven?
I was kicked out with 8 pips loss.
Simplicity is the ultimate sophistication - Leonardo da Vinci
156 traders viewing now