Trading Made Simple | Page 1540 | 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

  • #30,781
  • Feb 13, 2014 12:02am Feb 13, 2014 12:02am
Quoting emmanuel7788
{quote} Very good trades as I see them on your charts. You should follow your exit strategy as what you had planned when you decided take those trades. Do you trade a basket of currencies? or you spread your risk over several pairs. Do not over expose when you up-size your lot size. That can damage your account very fast.
I don't trade basket of currencies. I usually trade away from key levels with TMS rules, IF i find a setup on more than one pair then i trade with smaller trade size on all. I Don't have any specific exit strategy, most of the time i follow green line for my exits.
Most of the time I risk 2 percent of my account at a particular time but if i find good setups then i may extend it to 5 percent.
I am good at picking the right entry points but always see myself struggling in trade management and trade exit points. Maybe this is because of my greed that i want to get more out of a single trade. I need to work a lot on this.
I am not random, U just can't think as fast as me....
  • #30,782
  • Feb 13, 2014 12:09am Feb 13, 2014 12:09am
Entered on GBP/JPY
Reasons for entry:
TDI cross
Trend Exhaustion
Resistance
Big round number
Double Top
Pull Back Candle
+30 pips so far
TMS Chart
Attached Image (click to enlarge)
Click to Enlarge Name: apb.PNG Size: 38 KB

Price Action Chart
Attached Image (click to enlarge)
Click to Enlarge Name: japnese.PNG Size: 43 KB
I am not random, U just can't think as fast as me....
  • #30,783
  • Feb 13, 2014 12:12am Feb 13, 2014 12:12am
Entered On GBP/CHf
Reasons:
Bearish Engulfing
TMS rules
+22 so far
TMS Chart
Attached Image (click to enlarge)
Click to Enlarge Name: apb.PNG Size: 40 KB


Price action
Attached Image (click to enlarge)
Click to Enlarge Name: japnese.PNG Size: 46 KB
I am not random, U just can't think as fast as me....
  • #30,784
  • Feb 13, 2014 12:17am Feb 13, 2014 12:17am
Another Entry on Eur/CAd
+10 so far
Senior members please correct if any entry is wrong or risky, ur valuable advice will be highly appreciated.
Tms Chart
Attached Image (click to enlarge)
Click to Enlarge Name: apb.PNG Size: 40 KB

Price Action
Attached Image (click to enlarge)
Click to Enlarge Name: japnese.PNG Size: 36 KB
I am not random, U just can't think as fast as me....
  • #30,785
  • Feb 13, 2014 12:28am Feb 13, 2014 12:28am
I cannot monitor trades due to business and long working hours. Just two trades on E/J H1 charts. I am still practicing my top down analysis. I would rather enter at LO when there is momentum, but well no energy left as LO is 3Am for me
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 38 KB
  • #30,786
  • Feb 13, 2014 12:52am Feb 13, 2014 12:52am
Quoting thinkpad123
{quote} HAHAHAHA Didn't know that it is a name of a bird but it Suits you
Now you know EMU is a big bird the ugly cousin of the Ostrich.

Now, here is a nice joke from the past.
When I joined the boy scouts in school and upon passing the tenderfoot tests, my group were asked to adopt a call sign name using bird species.
I chose Duck but then my scout master said we need to use a two syllable word.
I quickly added "Roast Duck" and in the end, he gave me the call sign EMU instead. I was stuck with that for years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,787
  • Feb 13, 2014 1:04am Feb 13, 2014 1:04am
Nice trade Thinkpad.

Personally when I see correlated pairs (such as 2 pairs with AUD in them) I'll pick only 1 that I like better because I think if 1 loses, there's a chance the other one will lose as well. I prefer to put more money into the best than put less money across many trades.
Everything you can imagine, is real - Pablo Picasso
  • #30,788
  • Feb 13, 2014 1:14am Feb 13, 2014 1:14am
Quoting omonisha
Is it pulling back? {image}
Only time will tell but euraud is at a major SR level from Aug 2013 and Jan 2014.
  • #30,789
  • Feb 13, 2014 1:50am Feb 13, 2014 1:50am
Quoting Vantage
{quote} Only time will tell but euraud is at a major SR level from Aug 2013 and Jan 2014.

Here is what I saw on my D chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EA D view and H1 3-bar reversal .png Size: 102 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,790
  • Feb 13, 2014 1:55am Feb 13, 2014 1:55am
GJ H1 is forming a pin/pull back at 50% retrace. Also a resistance turn support

Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #30,791
  • Feb 13, 2014 2:15am Feb 13, 2014 2:15am
Quoting Direwolf
GJ H1 is forming a pin/pull back at 50% retrace. Also a resistance turn support {image}

if this current LO H1 close HH, then it is good to go.
remember a LTF M15 PAC entry works better to get a better entry price.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,792
  • Feb 13, 2014 2:19am Feb 13, 2014 2:19am
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.ih1.png Size: 45 KB
Persian Gulf forever
  • #30,793
  • Feb 13, 2014 2:21am Feb 13, 2014 2:21am
Quoting parsfx
{image}


nice!


there is CONFLUENCE of Prev W Fib 50% and RN 1.5250, but market may go sideways.

note the TDI is outside the VB and cross back inside. so we look out for Divergence ...should market go sideways.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,794
  • Feb 13, 2014 2:52am Feb 13, 2014 2:52am
Quoting emmanuel7788
{quote} Now you know EMU is a big bird the ugly cousin of the Ostrich. Now, here is a nice joke from the past. When I joined the boy scouts in school and upon passing the tenderfoot tests, my group were asked to adopt a call sign name using bird species. I chose Duck but then my scout master said we need to use a two syllable word. I quickly added "Roast Duck" and in the end, he gave me the call sign EMU instead. I was stuck with that for years.
Sorry if it offended you.
I said it out of respect, I think Emmanuel is better
I am not random, U just can't think as fast as me....
  • #30,795
  • Feb 13, 2014 2:54am Feb 13, 2014 2:54am
Quoting Direwolf
Nice trade Thinkpad. Personally when I see correlated pairs (such as 2 pairs with AUD in them) I'll pick only 1 that I like better because I think if 1 loses, there's a chance the other one will lose as well. I prefer to put more money into the best than put less money across many trades.
This one is a good technique but i have read a post of BIG E in which he said that he would take all if he find good setups so i am trying to follow that advise.
Happy pippin to you
I am not random, U just can't think as fast as me....
  • #30,796
  • Feb 13, 2014 2:55am Feb 13, 2014 2:55am
GJ - I set automatic BE at 30 pips, price just came back down and stop me out. Might re-enter on M15, it's forming another pin bar.
Everything you can imagine, is real - Pablo Picasso
  • #30,797
  • Feb 13, 2014 2:57am Feb 13, 2014 2:57am
Quoting emmanuel7788
{quote} nice! there is CONFLUENCE of Prev W Fib 50% and RN 1.5250, but market may go sideways. note the TDI is outside the VB and cross back inside. so we look out for Divergence ...should market go sideways.
All the reasons you mention plus (not that you guys watch it but) theres also the W pivot at 1.5238 (euraud loves the w pivots) and we are at the level where the news sell off started on 11th Feb. Lots of reasons to make that a good sell.

I'll be looking to see if US continues move up though, we'll see.
  • #30,798
  • Feb 13, 2014 3:07am Feb 13, 2014 3:07am
Entered on EJ

am i ok?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 116 KB
Sad i'm not trying to understand PA
  • #30,799
  • Feb 13, 2014 3:11am Feb 13, 2014 3:11am
Quoting thinkpad123
{quote} Sorry if it offended you. I said it out of respect, I think Emmanuel is better
hey mate,
no offense taken. I am easy going guy. make friends easily.
EMU is good and that did bring back old memories.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,800
  • Feb 13, 2014 3:11am Feb 13, 2014 3:11am
Hey Omo I'm in the same trade. I entered when it broke below 200 EMA. Let's see what happens.
Everything you can imagine, is real - Pablo Picasso
26 traders viewing now