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Trading Made Simple

  • #32,261
  • Edited 7:45am Mar 13, 2014 7:29am | Edited 7:45am
Quoting as33156
WOW I wake up and my 3 trades are up a combined 245 + pips! I see GU hit my 100 pip TP! TMS will make everyone rich! I just closed the other two positions. As for the week I'm up 645 pips. Only 2 losing trades this week. 1 was my own fault as it was a trade I should have never taken and the other 1 was just a system lost. We can't be 100% every week! I'm debating should I take the rest of the week off and hit the golf course with the friends? I hope you guys got in the GU, GJ, & AJ trades I posted. So much easy money! Bring...
Good to hear that , still a long path that I have to cross in order to reach consistency , but hearing from experience traders what TMS can do for us is awesome

2 trades taken today , GU +70 and EJ +43 long

GU was typical TMS with cross of TDI

But EJ at the time of opening the trade there was no cross of TDI but took it off pa finding support at fibs level
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ.jpg Size: 323 KB
Click to Enlarge Name: GU.jpg Size: 302 KB
I Have Learned to Take Some Losses to Make Profits
  • #32,262
  • Mar 13, 2014 7:34am Mar 13, 2014 7:34am
Quoting as33156
WOW I wake up and my 3 trades are up a combined 245 + pips! I see GU hit my 100 pip TP! TMS will make everyone rich! I just closed the other two positions. As for the week I'm up 645 pips. Only 2 losing trades this week. 1 was my own fault as it was a trade I should have never taken and the other 1 was just a system lost. We can't be 100% every week! I'm debating should I take the rest of the week off and hit the golf course with the friends? I hope you guys got in the GU, GJ, & AJ trades I posted. So much easy money! Bring...
Nice trading, easy when you know how

Last year I got over 1000 pips on my 6 pairs in one day )) was crazy )

well done
Give yourself a chance and trade it like it's layed out...
  • #32,263
  • Edited 7:49am Mar 13, 2014 7:38am | Edited 7:49am
Quoting as33156
{quote} OUTSTANDING ARETE! I'm glad you could make generous pippage The market was easy pickings this week just like last week. I left so many pips on the table not letting my profits keep running. I should have had easily 1k pips profit for the week if I didn't use a 100 TP for most of my trades.
If you look at an average swing on the 4 hour you will find they are at least 300 pips on JPY pairs! This will help you hold trades a lot longer back-testing it will give you confidence
Give yourself a chance and trade it like it's layed out...
  • #32,264
  • Mar 13, 2014 7:40am Mar 13, 2014 7:40am
Quoting Bizzzle
{quote} Nice trading, easy when you know how Last year I got over 1000 pips on my 6 pairs in one day )) was crazy ) well done
And thanks to you I got 1380 pips last week, and the tally is the just over that by today this week
  • #32,265
  • Mar 13, 2014 7:47am Mar 13, 2014 7:47am
Quoting lastingwell
{quote}And thanks to you I got 1380 pips last week, and the tally is the just over that by today this week
I am so glad for you 4 hour is the only way to trade for me )) I love it and glad to see you also having success!!

Well done
Give yourself a chance and trade it like it's layed out...
  • #32,266
  • Mar 13, 2014 7:55am Mar 13, 2014 7:55am
Quoting Bizzzle
{quote} Nice trading, easy when you know how Last year I got over 1000 pips on my 6 pairs in one day )) was crazy ) well done
Epic Bizzzle! What 6 pairs do you trade? Are the always the same?
MAY THE PIPS BE WITH YOU!
  • #32,267
  • Mar 13, 2014 7:56am Mar 13, 2014 7:56am
Quoting Bizzzle
Nice pullback candle formed on the 4 hour GJ will we see a nice push above it?
I am holding a GJ long at the moment with Stops at Breakeven targeting 172.70!!

The weather in London today is lovely so I am off to play some more golf, best of luck to you all and lots of green pips
Give yourself a chance and trade it like it's layed out...
  • #32,268
  • Mar 13, 2014 7:57am Mar 13, 2014 7:57am
Quoting as33156
{quote} Epic Bizzzle! What 6 pairs do you trade? Are the always the same?
Yes, EU, GU, AU, EJ, GJ and AJ best of luck
Give yourself a chance and trade it like it's layed out...
  • #32,269
  • Mar 13, 2014 8:01am Mar 13, 2014 8:01am
Quoting Bizzzle
{quote} If you look at an average swing on the 4 hour you will find they are at least 300 pips on JPY pairs! This will help you hold trades a lot longer back-testing it will give you confidence

My lack of a proper trade management method is my problem. How do you manage your trades while your in them. Do you use trailing stops? How many pips do you wait till you are in profit before you move your trade to break-even? When do you know to close the trade? Do you use take 3rd candle entries? How do you determine your stop-loss?

I want to pick your brain with a fine tooth comb :nerd:

Thanks in advance!
MAY THE PIPS BE WITH YOU!
  • #32,270
  • Mar 13, 2014 8:03am Mar 13, 2014 8:03am
Quoting Bizzzle
{quote} Yes, EU, GU, AU, EJ, GJ and AJ best of luck
Thank you!
MAY THE PIPS BE WITH YOU!
  • #32,271
  • Mar 13, 2014 8:09am Mar 13, 2014 8:09am
Quoting as33156
{quote} My lack of a proper trade management method is my problem. How do you manage your trades while your in them. Do you use trailing stops? How many pips do you wait till you are in profit before you move your trade to break-even? When do you know to close the trade? Do you use take 3rd candle entries? How do you determine your stop-loss? I want to pick your brain with a fine tooth comb :nerd: Thanks in advance!

I normally use trailing stops of 15-30 pips when market is trending. Trailing stops aren't good when in range though. I close out trades by looking for reversals on 1 or 5 minute chart, or you could use something simple like pivots to look for support or resis. Market condition always has a way of changing your trading styles though.
  • #32,272
  • Mar 13, 2014 8:13am Mar 13, 2014 8:13am
Quoting as33156
{quote} My lack of a proper trade management method is my problem. How do you manage your trades while your in them. Do you use trailing stops? How many pips do you wait till you are in profit before you move your trade to break-even? When do you know to close the trade? Do you use take 3rd candle entries? How do you determine your stop-loss? I want to pick your brain with a fine tooth comb :nerd: Thanks in advance!
Experience is the main answer to that...

Stops are the same as the thread owner below or above previous low or high! I do not use trailing stops, If you look at the 4 hour candles once there is momentum in the market (size of candles) hardly ever will the bottom of the 4 hour candle be taken out unless a reversal or big news!!

Most time I like to enter on candles one or two... If there is pullback candle with the trend I might enter this too.... take a look at how successful the pullback candles are you might be surprised

Move to break-even is dependent on the trade, candles momentum etc, 50 pips on a 4 hour should be ok... sometime I want for it to pull back and then move SL....

Best trade come when we see the same set up on all your pairs at the same time.... this indicates a change of trend and good to hold these trades longer

Got to go now hope that help

best of luck
Give yourself a chance and trade it like it's layed out...
  • #32,273
  • Mar 13, 2014 8:25am Mar 13, 2014 8:25am
[quote=as33156;7337940]WOW I wake up and my 3 trades are up a combined 245 + pips! I see GU hit my 100 pip TP! TMS will make everyone rich! I just closed the other two positions. As for the week I'm up 645 pips.
awesome! thanks for sharing and lookung forward to see more of your trades AS!
Everything you can imagine, is real - Pablo Picasso
  • #32,274
  • Mar 13, 2014 8:27am Mar 13, 2014 8:27am
The AJ trade is about to hit it's 100 pip TP, GU has already hit it's 100 pip TP, and GJ is less then 30 pips away from hitting it's 100 pip TP. Why didn't I stay In? I settled for 245 pips when I could be making way more. Next week I will remove my 100 TP and just let my profits run!
MAY THE PIPS BE WITH YOU!
  • #32,275
  • Mar 13, 2014 8:43am Mar 13, 2014 8:43am
Quoting as33156
The AJ trade is about to hit it's 100 pip TP, GU has already hit it's 100 pip TP, and GJ is less then 30 pips away from hitting it's 100 pip TP. Why didn't I stay In? I settled for 245 pips when I could be making way more. Next week I will remove my 100 TP and just let my profits run!
Every trader feels the pressure to close when there is good pips on the table, especially when over 100.

Try having more than one position, i personally like 1:1 RR on the 1st position, and 1:2 RR on the second, leaving a 1:5 RR overall on each trade, moving to BE on the second position when TP1 is hit.

Even with this i close the second position in a panic far to often, but it is slightly more relaxing.

I closed my second position for 93 pips this morning, not waiting for the 120 pip tp, to get that i would of had to suffer 40 pips DD into the position before it moved back in our direction (now) i personally don't care, no trader ever lost money by closing to early.
  • #32,276
  • Mar 13, 2014 9:57am Mar 13, 2014 9:57am
Quoting as33156
WOW I wake up and my 3 trades are up a combined 245 + pips! I see GU hit my 100 pip TP! TMS will make everyone rich! I just closed the other two positions. As for the week I'm up 645 pips. Only 2 losing trades this week. 1 was my own fault as it was a trade I should have never taken and the other 1 was just a system lost. We can't be 100% every week! I'm debating should I take the rest of the week off and hit the golf course with the friends? I hope you guys got in the GU, GJ, & AJ trades I posted. So much easy money! Bring...
Wow nice, its lots to learn from you as well.
  • #32,277
  • Mar 13, 2014 10:01am Mar 13, 2014 10:01am
Quoting Bizzzle
{quote} Yes, EU, GU, AU, EJ, GJ and AJ best of luck
Nice Bizzle I trade the same pairs + EA.
  • #32,278
  • Mar 13, 2014 10:03am Mar 13, 2014 10:03am
Quoting as33156
{quote} My lack of a proper trade management method is my problem. How do you manage your trades while your in them. Do you use trailing stops? How many pips do you wait till you are in profit before you move your trade to break-even? When do you know to close the trade? Do you use take 3rd candle entries? How do you determine your stop-loss? I want to pick your brain with a fine tooth comb :nerd: Thanks in advance!
I believe we have same minds you just put my words here.
  • #32,279
  • Mar 13, 2014 10:04am Mar 13, 2014 10:04am
Quoting adikashyap
{quote} Hi. I'm using MT4 since 5 years ... I have tried installing them in relevant folders - Templates / Indicators .... Had them running on my desktop for 10 days, when i was demo testing this awesome system ... For better accessibility and as I'm using TDI (Rather planning) on a Live 1000$ account, wanted to install TDI on my Lappie and that is when I started getting problem/s.
Are you getting any problem in setting up the TMS tpl?
  • #32,280
  • Mar 13, 2014 10:28am Mar 13, 2014 10:28am
Took this H1 EA trade after a bearish engulfing candle that failed to close above fibs 38.2 and I think pa printed 3 bar reversal at this resistance level, but since I still need to learn about 3 bar reversal coludlnt be sure it was

Since my entry was late, I had to wait and indeed didn't want to enter, but watched M5 and it gave a retracement back to 38.2 confirming an impulse leg, there I entered, at the end TP hit +46
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA_M5.jpg Size: 222 KB
Click to Enlarge Name: EA_H1.jpg Size: 224 KB
I Have Learned to Take Some Losses to Make Profits
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