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Trading Made Simple

  • #29,301
  • Jan 16, 2014 6:06am Jan 16, 2014 6:06am
Quoting lastingwell
{quote} How lucky was that I did think for a little while it was going to be a repeat of yesterday with missing it by a pip
Like I said, I was here watching, and I saw it go up +45 and I was just thinking about how awful it would be if it missed the tp and pulled back at around 5 am gmt+2. It made it though
  • #29,302
  • Jan 16, 2014 6:12am Jan 16, 2014 6:12am
Quoting WDays
{quote} Like I said, I was here watching, and I saw it go up +45 and I was just thinking about how awful it would be if it missed the tp and pulled back at around 5 am gmt+2. It made it though

Really glad my internet kept cutting out, I might have taken it early instead of waiting again
  • #29,303
  • Jan 16, 2014 6:16am Jan 16, 2014 6:16am
Quoting lastingwell
{quote} Really glad my internet kept cutting out, I might have taken it early instead of waiting again
I'm short again, you?
  • #29,304
  • Jan 16, 2014 6:19am Jan 16, 2014 6:19am
Quoting WDays
{quote} I'm short again, you?
No, I decided against it for the rest of the day, I got my target this morning so thought I would relax a bit and enjoy the sunshine thats peeking through at the moment. Its a trade I would have taken though by the look of it, but watch how it reacts at the top of the trendline we both have on our charts.

Edit: The 1hr 62ema is just below that trendline as well.
  • #29,305
  • Jan 16, 2014 6:23am Jan 16, 2014 6:23am
Quoting lastingwell
{quote} No, I decided against it for the rest of the day, I got my target this morning so thought I would relax a bit and enjoy the sunshine thats peeking through at the moment. Its a trade I would have taken though by the look of it, but watch how it reacts at the top of the trendline we both have on our charts.
Well it broke the uptrend TL;

Haha, yeah I see the EMA. Well, all that's left is to wait and see

edit: the US data is what worries me somewhat, can't tell how EJ will react to UJ moving....
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.png Size: 38 KB
  • #29,306
  • Jan 16, 2014 6:29am Jan 16, 2014 6:29am
Quoting emmanuel7788
{quote} Hi Agk007, Don't want to scare you now. The 4H setup was good, support near 1.3600. But now got to manage and test mental strength. Look to the left where you will see some previous price action. The move up may be slow also because many believers in 10EMAs - H4, D and W are crowding above and need to overcome these groups of traders. Trade Well! EMMANUEL
Thanks emmanuel, i woke up at around london open and saw the trade didn't go anywhere hardly, and the TDI hooked over at the next candle so i closed at +3 pips. You were right about the levels in history were hard to break. In about an hour the USD unemployment claims are coming out also which is another reason to exit. On to the next one, and thank you for helping!
  • #29,307
  • Jan 16, 2014 6:30am Jan 16, 2014 6:30am
Quoting WDays
{quote} Well it broke the uptrend TL; Haha, yeah I see the EMA. Well, all that's left is to wait and see {image}
Yes it did, it would be good to keep a very close eye on it (which I know you do anyway lol) just in case its a retest of the earlier one it went through when we put the buy in. I'll keep my fingers crossed it powers back through it for you
  • #29,308
  • Jan 16, 2014 6:31am Jan 16, 2014 6:31am
Quoting lastingwell
{quote} Yes it did, it would be good to keep a very close eye on it (which I know you do anyway lol) just in case its a retest of the earlier one it went through when we put the buy in. I'll keep my fingers crossed it powers back through it for you
Thanks

by the time it reaches the TL I will have locked b/e, I do so at +20.
  • #29,309
  • Jan 16, 2014 6:34am Jan 16, 2014 6:34am
Great trades everyone, in my mind there's always a few trades at London open and I seem to take the wrong one.

I took EURJPY;
London Open candle broke Frankfurt Open candle,
Green TDI below Red and also crossing yellow,

The trade went within 2 pips of my stop loss but luckily held on and exited with 5 pips profit (in reality I could/should have held on but I see it as a gain as I was so close to losing)

In hindsight I can see why GBPUSD was a much better setup, just need to see it happening in real time and keep learning from everyone here.

All the best
  • #29,310
  • Jan 16, 2014 6:37am Jan 16, 2014 6:37am
Quoting WDays
{quote} Thanks by the time it reaches the TL I will have locked b/e, I do so at +20.
There, freetrade. Now let's see if I get knocked out of it or it hits my TP.
  • #29,311
  • Jan 16, 2014 6:37am Jan 16, 2014 6:37am
Quoting WDays
{quote} Thanks by the time it reaches the TL I will have locked b/e, I do so at +20.

Thats good, at least then its a free trade you can relax and know you're ok
  • #29,312
  • Jan 16, 2014 6:38am Jan 16, 2014 6:38am
LOL we're going to have to stop saying and posting the same things people will start to talk
  • #29,313
  • Jan 16, 2014 6:40am Jan 16, 2014 6:40am
Quoting lastingwell
LOL we're going to have to stop saying and posting the same things people will start to talk
My thoughts exactly
  • #29,314
  • Jan 16, 2014 7:19am Jan 16, 2014 7:19am
Bracing myself, a 90% EJ-UJ correlation will possibly kick me off the trade or ensure a TP.....
  • #29,315
  • Jan 16, 2014 7:30am Jan 16, 2014 7:30am
EJ H1:

A TDi bounce trade setup when NY open.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4 16 Jan NYO.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,316
  • Jan 16, 2014 7:44am Jan 16, 2014 7:44am
Hey everybody,
I've been reading the first 300 posts and I know to keep everything simple.

Facts: H4, red+green TDI crossed, 1st candle, no close S&R.
Please see screenshot attached coz I'd like a confirmation or suggestions on what to improve. So far my pips are showing the results.

Thx for sharing this valuable system.
Good trading to all!
Attached Image (click to enlarge)
Click to Enlarge Name: USD-JPY short.png Size: 30 KB
  • #29,317
  • Jan 16, 2014 8:02am Jan 16, 2014 8:02am
Quoting camron
Hey everybody, I've been reading the first 300 posts and I know to keep everything simple. Facts: H4, red+green TDI crossed, 1st candle, no close S&R. Please see screenshot attached coz I'd like a confirmation or suggestions on what to improve. So far my pips are showing the results. Thx for sharing this valuable system. Good trading to all! {image}

camron:

Very good trade and your first post in TMS.

I see price consolidation and that breakout candle..

Good Trading.
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,318
  • Jan 16, 2014 8:05am Jan 16, 2014 8:05am
Short USDCHF at .9048 TP - .9007
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 26 KB
  • #29,319
  • Edited 9:07am Jan 16, 2014 8:23am | Edited 9:07am
Well, that happened that area was just too strong for such low volatility, I guess. Got as high up as +30, I wonder if I should have taken profit instead of waiting for my SL..? Lastingwell or phx monitoring/taken this trade, would you have seen enough reason to exit earlier, besides the support?

Edit: oh lordy, took me out at b/e and went back down )))

Edit2: god damn it Had I locked b/e instead of 2 pips in (which was a technical mistake on my part) I would be in this trade still. Oh well, such is trading.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 49 KB
  • #29,320
  • Jan 16, 2014 8:25am Jan 16, 2014 8:25am
Quoting emmanuel7788
EJ H1: A TDi bounce trade setup when NY open. {image}
Hi Emmanuel, Is this one of your set and forget trades or are you moving SL to breakeven after x amount of pips?

Thanks in advance
Give yourself a chance and trade it like it's layed out...
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