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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #29,321
  • Jan 16, 2014 8:51am Jan 16, 2014 8:51am
Quoting Bizzzle
{quote} 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

This is a MPTM managed trade.
Trade scale-out +25pips, trade BE and TP push to 2R.
See H4 PA and setup.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4 16 Jan NYO trade update.png Size: 26 KB


Now time to hit the sack. It way past my bedtime.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,322
  • Jan 16, 2014 8:53am Jan 16, 2014 8:53am
Quoting emmanuel7788
{quote} This is a MPTM managed trade. Trade scale-out +25pips, trade BE and TP push to 2R. See H4 PA and setup. {image} Now time to hit the sack. It way past my bedtime.
Thanks and nice trade
Give yourself a chance and trade it like it's layed out...
  • #29,323
  • Jan 16, 2014 8:55am Jan 16, 2014 8:55am
Quoting pundit78
Short USDCHF at .9048 TP - .9007 {image}

Pundit,

Set up is good. There is momentum.
You could have improve on earlier entry.

Good Trade.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,324
  • Jan 16, 2014 9:46am Jan 16, 2014 9:46am
Took partial profit for +54pips, rest is still in, SL at BE
ej H1
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-01-16_10-30-10ejH1.png Size: 58 KB
If you're going through hell, keep going. Winston Churchill
  • #29,325
  • Jan 16, 2014 9:53am Jan 16, 2014 9:53am
Quoting WDays
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. {image}
It has retraced to the 50%fib of the last H4 candle
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-01-16_10-47-50h4fib.png Size: 33 KB
If you're going through hell, keep going. Winston Churchill
  • #29,326
  • Jan 16, 2014 9:56am Jan 16, 2014 9:56am
eelfranz,

You are taking a trade when you see green crossing red. Please tell me what trade do you take (Buy Trade or Sell Trade) ?
What should be your TP & SL?

I shall wait for your reply!

Regards

Animesh D.
  • #29,327
  • Jan 16, 2014 9:57am Jan 16, 2014 9:57am
Quoting Imi
{quote} It has retraced to the 50%fib of the last H4 candle {image}
The "knocking down a door" metaphor came to mind when I saw what happened. The door being 142.10. Price went at it twice and failed before it eventually went further away to pick up velocity.... I guess I took it according to my plan, so I'm not too frustrated. Did you trail SL once your TP was hit?
  • #29,328
  • Jan 16, 2014 10:03am Jan 16, 2014 10:03am
Quoting WDays
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. {image}
btw. looks like we got the exact same entry to bad for your BE, mine came 5 pips close to it.
If you're going through hell, keep going. Winston Churchill
  • #29,329
  • Jan 16, 2014 10:05am Jan 16, 2014 10:05am
Everybody who is pm'ing me, I am getting an error message saying I'm restricted to sending 12 messages every 6 hours so I can't answer anyone at the moment......and I must be talking a lot lol. I can read your pms though so you might want to send me your email if you want an answer, not sure when the 6 hours is up
  • #29,330
  • Jan 16, 2014 10:05am Jan 16, 2014 10:05am
EURJPY H1 - two trades today.

For the first one long at about 7:25 GMT+1 (before Frankfurt Open) I supposed an upcomming move up, after the entry candle turned blue and broke the high of the preceeding red candle.
Priceline on TDI (realtime) at this time was pointing against the red and seems to cross it.
Then price came back and I closed the pos. with -12 pips.

Second one I entered short at about 12:45 GMT+1 because of the inside bar, the break of the preceedings bar low, and good TDI-indication as described in the chart. Closed near the low of previous day and because of the daily S1 support (and estimated target primarily thought about 50 pips) with +60 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-16 16.35 GMT+1 EURJPY.png Size: 177 KB
fxFox (all times in my charts are GMT+1)
  • #29,331
  • Jan 16, 2014 10:13am Jan 16, 2014 10:13am
Quoting fxFox.mb
EURJPY H1 - two trades today. For the first one long at about 7:25 GMT+1 (before Frankfurt Open) I supposed an upcomming move up, after the entry candle turned blue and broke the high of the preceeding red candle. Priceline on TDI (realtime) at this time was pointing against the red and seems to cross it. Then price came back and I closed the pos. with -12 pips. Second one I entered short at about 12:45 GMT+1 because of the inside bar, the break of the preceedings bar low, and good TDI-indication as described in the chart. Closed near the low of...
Well done mate
Give yourself a chance and trade it like it's layed out...
  • #29,332
  • Jan 16, 2014 10:13am Jan 16, 2014 10:13am
Quoting Imi
Took partial profit for +54pips, rest is still in, SL at BE ej H1 {image}

Another excellent trade Imi
  • #29,333
  • Jan 16, 2014 10:13am Jan 16, 2014 10:13am
Quoting Imi
Took partial profit for +54pips, rest is still in, SL at BE ej H1 {image}
Brilliant as always, well done mate
Give yourself a chance and trade it like it's layed out...
  • #29,334
  • Jan 16, 2014 10:18am Jan 16, 2014 10:18am
Quoting WDays
{quote} The "knocking down a door" metaphor came to mind when I saw what happened. The door being 142.10. Price went at it twice and failed before it eventually went further away to pick up velocity.... I guess I took it according to my plan, so I'm not too frustrated. Did you trail SL once your TP was hit?
locked in +30 for the remaining position
If you're going through hell, keep going. Winston Churchill
  • #29,335
  • Jan 16, 2014 10:24am Jan 16, 2014 10:24am
Quoting fxFox.mb
EURJPY H1 - two trades today. For the first one long at about 7:25 GMT+1 (before Frankfurt Open) I supposed an upcomming move up, after the entry candle turned blue and broke the high of the preceeding red candle. Priceline on TDI (realtime) at this time was pointing against the red and seems to cross it. Then price came back and I closed the pos. with -12 pips. Second one I entered short at about 12:45 GMT+1 because of the inside bar, the break of the preceedings bar low, and good TDI-indication as described in the chart. Closed near the low of...
Nice one , well done

and Thank you Bizzzle and lastingwell
If you're going through hell, keep going. Winston Churchill
  • #29,336
  • Jan 16, 2014 10:27am Jan 16, 2014 10:27am
Quoting Imi
{quote} locked in +30 for the remaining position
I see In any case well done! Excellent trade if I may say so myself
  • #29,337
  • Jan 16, 2014 10:37am Jan 16, 2014 10:37am
closed remaining for +63, I had a dream that today we'll have a pin on the daily,
and it's forming nicely, so be back tonight in asia.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-01-16_11-31-04ejh1.png Size: 46 KB
If you're going through hell, keep going. Winston Churchill
  • #29,338
  • Jan 16, 2014 10:38am Jan 16, 2014 10:38am
Hi Everyone,
This looks like a good system so I'm going to give it a try and hope to make some money with you all.
  • #29,339
  • Jan 16, 2014 11:08am Jan 16, 2014 11:08am
Quoting wifiguy
Hi Everyone, This looks like a good system so I'm going to give it a try and hope to make some money with you all.
This is my trades today.Total +64 pip.
I tested some EA trailling stop setting & it closed my trades before it reached TP.But i enter again when price pull back .all trades EURJPY H1 time frame according to the H4 trend.

Thanks emmanuel/wdays/phx62/imi/lastingwell you all helped me to study this system.

Thanks,
Helanka
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 318 KB
Helanka
  • #29,340
  • Jan 16, 2014 11:37am Jan 16, 2014 11:37am
Quoting Imi
closed remaining for +63, I had a dream that today we'll have a pin on the daily, and it's forming nicely, so be back tonight in asia. {image}
Good trades Imi. If you don't mind, what is the indicator that you're using (the daily and weekly highs and lows)?
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