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Trading Made Simple

  • #27,141
  • Oct 31, 2013 10:18pm Oct 31, 2013 10:18pm
Quoting ryanlum
{quote} ahhaha.. this is very cute and nice.. me likey the fun part would be.. where to catch the bounce
EU H4
May be here?. 1.34900
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  • #27,142
  • Oct 31, 2013 11:26pm Oct 31, 2013 11:26pm
Hey guys,


These are my complete trades for this week. I can see my entries are getting better, but I really have little to no patience (or maybe confidence..) when I am in a trade and I get out way to early.

I can see just I lost out on hundreds of pips this week just from closing out trades too early and for no good reason!

At least the entries are showing progress!

Any suggestions on how to improve my exit strategy are most welcome. I am planning on looking in to an EA this weekend, if anyone has any set template for an EA that moves SL to 0 after +20 move, then a JSL of 20 pips. Or if anyone has any suggestons on a better setting?

I tend to trade AY, EY, GY and UY.


Paul
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  • #27,143
  • Nov 1, 2013 12:44am Nov 1, 2013 12:44am
Very good system, has been in use, simple trading
  • #27,144
  • Nov 1, 2013 2:29am Nov 1, 2013 2:29am
Hello guys

I woke up with some profits on H4 bounce trades. Lines on charts are my sell stops and TPs, all hit while sleeping (not every pip exact since I drew them just now).

EUR/JPY short +70
CHF/JPY short +50
EUR/AUD short +35

Note, the last trade I didn't take. I had anticipated pretty much the same action from it for 35 pips. However I didn't enter just because I'm being cautious with that pair and decided just to watch it for the time being. I asked myself "would I take the risk with the real money?" and I thought "no, I still need to learn more about this pair". Turned out I would've made those 35 pips. Starting to learn the G/J a bit I guess.

So far at least +650 net pips this week.

By the way Emmanuel - thanks a lot for mentioning the RSI book! And Ryanlum for attaching it! I only started reading it and it helps a lot with analyzing trades.

PS - It's a holiday in all of continental EU (catholic) All Saints. How is it with the UK, US and Commonwealth? Beside the fact it's a Friday, how much volatility could we expect?
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  • #27,145
  • Nov 1, 2013 4:02am Nov 1, 2013 4:02am
Adding position to EU "falling knife"...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,146
  • Nov 1, 2013 6:33am Nov 1, 2013 6:33am
good day all.

can you please comment on this trade plan!

ej 4h
i believe the price will retrace to 50 or even 38 fibo level as drawn.
this would correspond with rsi rising to 60 level

form here i see the final push to 131.60 level sometime next week.

thoughts?

also can i ask how it may be best to try an option on this?

is it better to buy a put at current price or to buy a put at 134 or 133.5? in anticipation of a price fall to 131.6?

looking forward to comments.
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If ask a silly question.. forgive me!i'm just confused again!
  • #27,147
  • Nov 1, 2013 7:08am Nov 1, 2013 7:08am
Quoting bvincent
{quote} Jack What are the3Amigo's? thank you Barry
hey bvincent.. the 3 amigos are EU,AU and GU
  • #27,148
  • Nov 1, 2013 7:11am Nov 1, 2013 7:11am
Quoting emmanuel7788
Adding position to EU \"falling knife\"... {image}
1st level hit.. abit more to go for the 2nd one
  • #27,149
  • Nov 1, 2013 7:22am Nov 1, 2013 7:22am
hello
dear emanuel and phx62
can you give us some five stars entrys on TMS method ?
  • #27,150
  • Nov 1, 2013 7:54am Nov 1, 2013 7:54am
Hi everyone, is my first post here, I have been study different threads here at ff, mostly price action and recently Arjun 15m system, which is great, but this week I move to this thread, I studied this thread before, but never practice because I couldnt be at the computer all the time, I normally trade on my phone, and I have manage to work with MACD as TDI signal wich someone posted here long time ago, and I am working with Heikin Ashi candle, so far very good, signals, and thanks to my studies about PASR, everything is fitting very well, this week I had also added snarlyjack emas, wich is great visual tool to see how the price is trending, I had a lot o success this week, and I think I will start using this system from now on my trading, hope you don't mind me posting here some charts, I might not have the same template as most of you, but the signals are correct. Thanks to everyone who make part of this thread.

Got a question,

If you find a set up on Friday afternoon GMT, do you take it and leave the trade open during the weekend?


just looking a possible set up in USD/JPY 4h.
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  • #27,151
  • Nov 1, 2013 8:13am Nov 1, 2013 8:13am
Welcome Lesterlin, Longbk & Rcubic to tms.

This is a great system and I hope you enjoy it!

Most traders are liquidating their positions today. And,
will not go into the weekend with live positions.

Today, being the first of the month, the investors (banks)
have just squared their positions (month end) and will
probably reset their positions next week. I would not
take any new positions this Friday afternoon even if
I had a good signal.

Welcome to tms.

sj
  • #27,152
  • Nov 1, 2013 8:28am Nov 1, 2013 8:28am
Quoting eelfranz
Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy. Important to study TDI entries...
Wow. This sounds just like how I got started in trading.. Entries & Exits!
It was such an exciting time starting myself up- I couldn't keep my eyes off my computer screen for weeks on end.

I thought I'd just take this opportunity to also say HELLO to all of you guys on here. This is my first post and I feel I should have joined this forum years ago for some good advice from those who have played the game for much longer than myself.
  • #27,153
  • Nov 1, 2013 8:56am Nov 1, 2013 8:56am
Quoting JNichols
{quote} Wow. This sounds just like how I got started in trading.. Entries & Exits! It was such an exciting time starting myself up- I couldn't keep my eyes off my computer screen for weeks on end. I thought I'd just take this opportunity to also say HELLO to all of you guys on here. This is my first post and I feel I should have joined this forum years ago for some good advice from those who have played the game for much longer than myself.
hey man.. welcome to the club
  • #27,154
  • Nov 1, 2013 9:07am Nov 1, 2013 9:07am
Quoting snarlyjack
Welcome Lesterlin, Longbk & Rcubic to tms. This is a great system and I hope you enjoy it! Most traders are liquidating their positions today. And, will not go into the weekend with live positions. Today, being the first of the month, the investors (banks) have just squared their positions (month end) and will probably reset their positions next week. I would not take any new positions this Friday afternoon even if I had a good signal. Welcome to tms. sj
hello,
i traded TSM for 6 month, at now every think look very well, do any one see X -man ? he's very good trader like phx62
  • #27,155
  • Nov 1, 2013 9:26am Nov 1, 2013 9:26am
Quoting longbk
{quote} hello, i traded TSM for 6 month, at now every think look very well, do any one see X -man ? he's very good trader like phx62
i think xman has stopped posting in FF a while back
  • #27,156
  • Nov 1, 2013 9:30am Nov 1, 2013 9:30am
Quoting ryanlum
{quote} hey man.. welcome to the club
Thanks man!
  • #27,157
  • Nov 1, 2013 9:53am Nov 1, 2013 9:53am
took some 30 pip off this still going up but am ok
stilll learning how to trade the guppy with tdi i know snarly jack and Lane can enligten me of this
will be much appreciated
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  • #27,158
  • Nov 1, 2013 10:13am Nov 1, 2013 10:13am
Quoting gulayetty
took some 30 pip off this still going up but am ok stilll learning how to trade the guppy with tdi i know snarly jack and Lane can enligten me of this will be much appreciated {image}
hey i am still learning but i shall share my views. Please share with me if i am wrong.

I think you took a very good trade here..

Reasons for the good trade:
1. PA was forming HL and HH, so it shows that its in an uptrend
2. TDI Cross above MBL. Near to the 68, be cautious here
3. Guppy Trend..
4. Broke the higher channel trend

So you got the best of all 3 worlds.. PA and TDI and Guppy Trend.. Quite safe...

Tricky would be the exit best of luck
  • #27,159
  • Nov 1, 2013 10:14am Nov 1, 2013 10:14am
Quoting gulayetty
took some 30 pip off this still going up but am ok stilll learning how to trade the guppy with tdi i know snarly jack and Lane can enligten me of this will be much appreciated
I'm in the same trade. It bounced off the 38.2 support, I put the buy stop a little above the previous blue wick and the 50 Fib. At the moment it's testing the 61.8 line. Ok time to exit, but since 20 pips of current profit is nothing extraordinary I put the SL at BE and TP just below the higher resistance (round number), though that's not too probable imo.

Just for the record I disregarded the GMMAs this time.

Also long for U/J, similar situation.
  • #27,160
  • Nov 1, 2013 10:58am Nov 1, 2013 10:58am
Just finished taking this trade, done for the day manage to get about 71 pips

Reasons for taking this trade:
1. MBL + TDI Cross in sync
2. Guppy is in Sync
3. Forming LL and LH

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