Trading Made Simple | Page 1604 | 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

  • #32,061
  • Mar 11, 2014 3:33am Mar 11, 2014 3:33am
Quoting emmanuel7788
{quote} some brokers are not normal... anything between 2.5 and 3 pips spread that is okay.
Thank you, Emmanuel.
That's weird...
Those who know don't talk. Those who talk don't know.
  • #32,062
  • Mar 11, 2014 3:33am Mar 11, 2014 3:33am
Quoting Bizzzle
{quote} Hi mate, I think you have you bull flag wrong, Flag: A flag is a small rectangle pattern thatslopes against the previous trend. If the previous move was up, then the flag would slope down. If the move was down, then the flag would slope up. Because flags are usually too short in duration to actually have reaction...
Thank you for correction, Bizzle! I think you're right. I think I have to go back to Babypips for more study....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #32,063
  • Mar 11, 2014 3:34am Mar 11, 2014 3:34am
Quoting irishtoffy
{quote} How do you mean don't stay too close? Do you mean the SL?

yes, I'll try not to move my initial SL too soon until after that LO bounce and until Tokyo closes in another hour' time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,064
  • Mar 11, 2014 3:35am Mar 11, 2014 3:35am
Quoting emmanuel7788
{quote} some brokers are not normal... anything between 2.5 and 3 pips spread that is okay.

Yes I see it has bounced up 20 pips. At one point I was 50 pips in profit I see. I find Cavemanager very confusing lol. I wish there was a video tutorial for ADHD Dyslexic guys like myself. I'm always having to edit my SL and trailing Stops. I would have loved to have closed half the position at 50 pips in profit.

My spread on EA seems to be 2 pips or less most of the time 1.5... Which are do you think I should move my stop to give EA enough play to not stop me out before it goes back down. I'm only up 23 pips right now on this pull back and have moved my SL to 10 pips in profit. It moved down 50 pips so Im not prepare to let this go in a loss to keep riding it.

thanks
MAY THE PIPS BE WITH YOU!
  • #32,065
  • Mar 11, 2014 3:56am Mar 11, 2014 3:56am
Quoting emmanuel7788
{quote} we can see the market consoldiation now. but how could you have seen the possible consolidation 30 hours ago?
I didn't know.
Find your edge, make your system, stick to it.
  • #32,066
  • Mar 11, 2014 4:04am Mar 11, 2014 4:04am
I think consolidation is to be expected after a big move. The following day (Monday) barely had any news too.
Everything you can imagine, is real - Pablo Picasso
  • #32,067
  • Mar 11, 2014 4:41am Mar 11, 2014 4:41am
Quoting Direwolf
I think consolidation is to be expected after a big move. The following day (Monday) barely had any news too.

Yeah EA has done and nasty almost 100% reversal. Cave Manager let me down or either my lack of knowledge of how to use it has. I wanted to closed half my position at 50 pips in profit but it didn't do it. Does anyone have another Position Manager EA that isn't as complex as Cave-manager or has an instruction manual & still does partial exits of trades at different levels?

Thanks in advance!
MAY THE PIPS BE WITH YOU!
  • #32,068
  • Mar 11, 2014 5:24am Mar 11, 2014 5:24am
Quoting emmanuel7788
{quote} yes, I'll try not to move my initial SL too soon until after that LO bounce and until Tokyo closes in another hour' time.
I'll move my SL to BE if or when 1.5300 is hit, around 1xR
  • #32,069
  • Mar 11, 2014 5:27am Mar 11, 2014 5:27am
Quoting Direwolf
Nice one AS! EMU the H4 also broke yes. Planned to move to break even if price hit my support line, it didn't make it there yet. Hope it doesn't reverse lol. {image}
Dear Direwolf:

could you share the software of arrow to remark?

thanks!

aren
Attached Image (click to enlarge)
Click to Enlarge Name: QQ.JPG Size: 60 KB
  • #32,070
  • Mar 11, 2014 6:22am Mar 11, 2014 6:22am
Quoting irishtoffy
{quote} I'll move my SL to BE if or when 1.5300 is hit, around 1xR

timing-wise, it is good time to move to BE as we approach NYO in less than 40mins.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,071
  • Mar 11, 2014 6:42am Mar 11, 2014 6:42am
Quoting Bizzzle
EJ - Here is the channel I have on my chart for next week: Best of luck {image}
EJ - We have just had a bounce off the mid-line of this channel I posted on the w.end
Give yourself a chance and trade it like it's layed out...
  • #32,072
  • Edited 7:03am Mar 11, 2014 6:49am | Edited 7:03am
WOW! I'm so freaking pissed off right now. I see I got stopped out of my EA trade for 13 pips profit for almost 8 hours of being in a trade. Cavemanager really screwed me by not closing half of my position at 50 pips in profit. At least my GU trade from Monday hit my 100 TP while I was sleeping. 113 pips for the week so far. Not bad!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4100piptpyay.png Size: 54 KB
MAY THE PIPS BE WITH YOU!
  • #32,073
  • Mar 11, 2014 7:03am Mar 11, 2014 7:03am
Quoting emmanuel7788
{quote} timing-wise, it is good time to move to BE as we approach NYO in less than 40mins.
A real swing higher there!
  • #32,074
  • Mar 11, 2014 8:09am Mar 11, 2014 8:09am
Quoting aren
{quote} Dear Direwolf: could you share the software of arrow to remark? thanks! aren {image}
Hi Aran. The arrow was added in a screen capture program called Jing.

You can download it here http://www.techsmith.com/jing.html
Everything you can imagine, is real - Pablo Picasso
  • #32,075
  • Mar 11, 2014 8:12am Mar 11, 2014 8:12am
Just checked EJ, it hit my level and bounced back to close at BE.

Attached Image


Another choppy day.
Everything you can imagine, is real - Pablo Picasso
  • #32,076
  • Mar 11, 2014 8:34am Mar 11, 2014 8:34am
Quoting pundit78
{quote} I am in the same trade. Entry - 5352 SL - 5407 TP - Not decided yet.
Closed at BE.
  • #32,077
  • Mar 11, 2014 8:36am Mar 11, 2014 8:36am
Quoting as33156
WOW! I'm so freaking pissed off right now. I see I got stopped out of my EA trade for 13 pips profit for almost 8 hours of being in a trade. Cavemanager really screwed me by not closing half of my position at 50 pips in profit. At least my GU trade from Monday hit my 100 TP while I was sleeping. 113 pips for the week so far. Not bad! {image}
I missed GU trade.
  • #32,078
  • Mar 11, 2014 8:55am Mar 11, 2014 8:55am
Sold GJ after a break of the previous low and bounce on 1H TDI below MBL. I would greatly appreciate any advice in regards to whether it was a good trade or not.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 128 KB
  • #32,079
  • Mar 11, 2014 10:06am Mar 11, 2014 10:06am
Quoting olly93
Sold GJ after a break of the previous low and bounce on 1H TDI below MBL. I would greatly appreciate any advice in regards to whether it was a good trade or not. {image}
We are in an uptrend and we have bullish divergence on the GJ on the hourly so be careful shorting....
Attached Image (click to enlarge)
Click to Enlarge Name: GJ h.png Size: 123 KB
Give yourself a chance and trade it like it's layed out...
  • #32,080
  • Mar 11, 2014 10:21am Mar 11, 2014 10:21am
Quoting Bizzzle
{quote} We are in an uptrend and we have bullish divergence on the GJ on the hourly so be careful shorting.... {image}
Took that trade with 25 pips profit entry was at yellow line.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh1.png Size: 35 KB


Also took USDCAD but went out with 15Pips+ way to early, but it was a risky trade cause only a little differgence

Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh1.png Size: 23 KB
41 traders viewing now