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Trading Made Simple

  • #32,561
  • Mar 17, 2014 10:19am Mar 17, 2014 10:19am
Hi guys,

despite the longer term trending up, i'm seeing PA bounce off the 50%fib of the last swing long. Also TDI has crossed on 1hour and im looking of a scalp back down to the bottom TL for around (only looking to take about 30 pips out of this) because of the longer term TL

Any suggestions?
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  • #32,562
  • Mar 17, 2014 10:35am Mar 17, 2014 10:35am
Quoting Bizzzle
{quote} TMS trades from page one... I opened three trades this morning at 6am GMT, I am only checking the 6am and 10am candles for entry and closing all of them at 2pm GMT, trades follow: AJ - +51 pips AU- +28 pips EA- Breakeven As you can see as {image} eelfranz said its stress free... I check my computer 3 times and made 79 pips KEEP IT SIMPLE!!!! {image}
do you just trade at 6 am and 10 am?
Come tomorrow, I'll wake up new
  • #32,563
  • Mar 17, 2014 10:58am Mar 17, 2014 10:58am
EU is going to give a buy entry on the next 4hr candle. However the signal bar is currently MASSIVE. So if we get in it could go against us really fast. If you know a few hours back it shoot out a bar that looked the same as this one. One that occasion if you got in the next bar you would have got in the reverse and it would have dropped almost 50 pips against you right away.
MAY THE PIPS BE WITH YOU!
  • #32,564
  • Mar 17, 2014 11:04am Mar 17, 2014 11:04am
Quoting gsbharaj
{quote} do you just trade at 6 am and 10 am?
If you read my posts from this morning I have said I will be trading the same way the thread owner did!!

which if you read his post he traded the 4 hour at 10pm, 2am and closed his trades at 6am est and for me that is 6am and 10am uk time and close at 2pm!!

I will be trading this way for a month and will post my results daily!!

hope that help
Give yourself a chance and trade it like it's layed out...
  • #32,565
  • Mar 17, 2014 11:07am Mar 17, 2014 11:07am
Quoting as33156
EU is going to give a buy entry on the next 4hr candle. However the signal bar is currently MASSIVE. So if we get in it could go against us really fast. If you know a few hours back it shoot out a bar that looked the same as this one. One that occasion if you got in the next bar you would have got in the reverse and it would have dropped almost 50 pips against you right away.

I decided take the trade on EU since I'm already in the green for today and I'm hoping that it pays off for me within a few hours.

TP: 1.40277
ENTRY: 1.39277
SL: 1.38777

MAY THE PIPS BE WITH YOU!
  • #32,566
  • Mar 17, 2014 11:14am Mar 17, 2014 11:14am
Quoting as33156
{quote} I decided take the trade on EU since I'm already in the green for today and I'm hoping that it pays off for me within a few hours. TP: 1.40277 ENTRY: 1.39277 SL: 1.38777
Hi mate, what I like to do when we have a big candle is wait for a pullback and then an entry on the 5/15min chart this will help reduce the SL and drawdown

also I like to put fib retracements on too

good luck with you trade
Give yourself a chance and trade it like it's layed out...
  • #32,567
  • Mar 17, 2014 11:57am Mar 17, 2014 11:57am
Tp of 150 pips got hit on crude oil
I had posted this trade one hour before taking it in the morning.
Anyone else entered on that perfect A++++ setup?
I am not random, U just can't think as fast as me....
  • #32,568
  • Mar 17, 2014 12:42pm Mar 17, 2014 12:42pm
Quoting Bizzzle
{quote} Hi mate, what I like to do when we have a big candle is wait for a pullback and then an entry on the 5/15min chart this will help reduce the SL and drawdown also I like to put fib retracements on too good luck with you trade

Thanks for the info Bizzzle. Is this also how you find entries for bounce trades?
MAY THE PIPS BE WITH YOU!
  • #32,569
  • Edited 1:23pm Mar 17, 2014 12:44pm | Edited 1:23pm
Quoting thinkpad123
Tp of 150 pips got hit on crude oil I had posted this trade one hour before taking it in the morning. Anyone else entered on that perfect A++++ setup?
Congrats on the easy money! To bad us Americans can't trade CFDs. Damn nanny state!
MAY THE PIPS BE WITH YOU!
  • #32,570
  • Mar 17, 2014 2:22pm Mar 17, 2014 2:22pm
Have been watching this thread for some time now and decided to contribute what my experience has been using H4 charts. I too am a big fan of Dean Malone and his Advanced Synergy system. Most of the indicators on my charts are a result of his programming and tutoring. I agree with above posts (especially the first one) that most people make trading way harder than it needs to be. Personally, I rapidly tired of watching lower time frame charts and the acid reflux associated with it. Eelfranz hit the nail on the head with his original post!

Below are screenshots of the H4 USDCHF which I trade on a regular basis. I set alarms and have a TDI that gives a signal when the TDI line (green) crosses the signal line (red). In the pics, the TDI alert arrows are actually posted one candle ahead of the actual cross (it's based on the close of the previous candle) so that is where you will see the entry vertical lines.

February 2014 was a solid month with six total trades taken; all for gains. I occasionally will trade against the prevailing trend if there's enough meat on the table. Many TDI cross signals are ignored as I may already be in a position or are against the trend. The best crosses occur after the TDI has reached oversold (32) or overbought (68). These levels are recommended by Dean. Many of the cross signals that exist "in the middle" (around 50) often are to late to be of significance.

Feb trades:

2/3/0800 Sell @ 9044; S/L @ 9085; T @ 8902 +75 pips (Closed at retracement signal of 2/11)
2/6/1200 Sell @ 8988; S/L @ 9047; T @ 8902 +20 pips (Add on position to above trade) (Closed at retracement signal of 2/11)
2/11/1600 Buy @ 8970; S/L @ 8933; T @ 9021 +53 pips (Target was down trend line)
2/13/0400 Sell @ 8975; S/L @ 9005; T @ 8903 +72 pips (Managed trade every 4 hours by trailing S/L at PAC (price action channel)) exited on 2/20/0800
2/26/0400 Buy @ 8874; S/L @ 8848; T @ 8932 +55 pips (Target was same down trend line used on 2/11)
2/27/1200 Sell @ 8899; S/L @ 8933; T @ 8851 +70 pips (Target moved as S/L trailed PAC down; exited on 3/3/2000...missed proper exit on 3/3/0800 due to work which cost me 28 pips of profit.

Feb total pips: 345 -18 FXDD = 327

Yes, there are losing trades but rarely a losing month. Other pairs give very similar results.

Regards......


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  • #32,571
  • Edited 3:01pm Mar 17, 2014 2:42pm | Edited 3:01pm
I decided to close out my EU trade for a 6 cent lost. I didn't like the fact that it was doing absolutely nothing and that it seemed to have major resistance not to far off from where I entered. Not to mention the fact that the EU is destine for a tank since it has gone up for over 2 weeks in a row. Plus the fact the confirmation bar range was so large.

I took a punt on the trade I didn't like but that I thought may run and it didn't perform how I wanted it to so I cut it loose.

Better safe then sorry. Watch it sky rocket now that i'm out of it.

​My others trades are doing well and in the green. I'm still disappointed in missing the NJ & AJ trades. Onward & Upward!
MAY THE PIPS BE WITH YOU!
  • #32,572
  • Mar 17, 2014 2:48pm Mar 17, 2014 2:48pm
Quoting as33156
I decided to close out my EU trade for a 6 cent lost. I didn't like the fact that it was doing absolutely nothing and that it seemed to have major resistance not to far off from where I entered. Not to mention the fact that the EU is destine for a tank since it has gone up for over 2 weeks in a row. Plus the fact the confirmation bar range was so large. I took a punt on the trade it I didn't like but that I thought may run and it didn't perform how I wanted it to so I cut it lose. Better safe then sorry. Watch it sky rocket now that i'm out of it....
It might just have been market sessions. London had closed or was closing, with just NY running and the Asian session some way away. Its not uncommon for a pair to change direction completely on market close or switchover.
  • #32,573
  • Mar 17, 2014 3:03pm Mar 17, 2014 3:03pm
Quoting hostwey
{quote} It might just have been market sessions. London had closed or was closing, with just NY running and the Asian session some way away. Its not uncommon for a pair to change direction completely on market close or switchover.
Exactly! Thats why I didn't want to take a chance on leaving it for another 4 hours just to come back and see that it was going against me by 20 something pips more. Gotta let the profits run and cut the loses short.
MAY THE PIPS BE WITH YOU!
  • #32,574
  • Mar 17, 2014 3:10pm Mar 17, 2014 3:10pm
Yes, there are losing trades but rarely a losing month. Other pairs give very similar results. Regards...... {image} {image} {image} {image} {image} {image}[/quote]

Rarely a losing month say ya..now that's a scary thought! I'll stick with my H1 time frame and no losing months.
  • #32,575
  • Mar 17, 2014 4:24pm Mar 17, 2014 4:24pm
Quoting Bizzzle
{quote} TMS trades from page one... I opened three trades this morning at 6am GMT, I am only checking the 6am and 10am candles for entry and closing all of them at 2pm GMT, trades follow: AJ - +51 pips AU- +28 pips EA- Breakeven As you can see as {image} eelfranz said its stress free... I check my computer 3 times and made 79 pips KEEP IT SIMPLE!!!! {image}
Apart from my other trades I am doing the same experiment as Bizzle except on a gmt server, looking for trades at 4am and 8am gmt and closing them at 12 noon.

Today, AU + 48 and AJ + 74 both taken at 4am GBP/NZD + 106 taken at 8am, Total 228 stress free pips
  • #32,576
  • Mar 17, 2014 4:34pm Mar 17, 2014 4:34pm
Quoting Bizzzle
{quote} TMS trades from page one... I opened three trades this morning at 6am GMT, I am only checking the 6am and 10am candles for entry and closing all of them at 2pm GMT, trades follow: AJ - +51 pips AU- +28 pips EA- Breakeven As you can see as {image} eelfranz said its stress free... I check my computer 3 times and made 79 pips KEEP IT SIMPLE!!!! {image}
Apart from my other trades I am doing the same experiment as Bizzle except on a gmt server, looking for trades at 4am and 8am gmt and closing them at 12 noon.

Today, AU + 48 and AJ + 74 both taken at 4am GBP/NZD + 106 taken at 8am, Total 228 stress free pips

It was a good result today but not sure if I should be looking at 8gmt, 12 noon and closing at 4pm, but these are the times I can look at them
  • #32,577
  • Mar 17, 2014 4:52pm Mar 17, 2014 4:52pm
Quoting as33156
{quote} Thanks for the info L0pg! How many alarms does it allow you to have programmed? I only need a vibrate for 11:45pm & 3:45pm. All the other times I can continue to use my cell phone. I also read that they just did a recall because some people were having an allergic reaction. I think because Im not going to use it whole working out that I shouldn't have an issue with this. I will purchase one when they are made available for sell again.
The recall surprised me, I have had no issue at all. You may find one on Ebay or the like for a good price then. I personally have 6 alarms programmed in mine, for various reasons. But it certainly does work like a champ. I also found it to be less of a startling wake up than an alarm clock, MUCH more pleasant.
War. Is my profession.
  • #32,578
  • Mar 17, 2014 5:07pm Mar 17, 2014 5:07pm
Quoting lastingwell
{quote} Apart from my other trades I am doing the same experiment as Bizzle except on a gmt server, looking for trades at 4am and 8am gmt and closing them at 12 noon. Today, AU + 48 and AJ + 74 both taken at 4am GBP/NZD + 106 taken at 8am, Total 228 stress free pips
Awesome day man! AU & GN didn't give entries on my platform you must have got in before the close of the 2nd candle because entry was only possible for me on the 3rd candle which I don't do. Unless you broker time frame is different then mines.
MAY THE PIPS BE WITH YOU!
  • #32,579
  • Mar 17, 2014 5:07pm Mar 17, 2014 5:07pm
Quoting L0pg
{quote} The recall surprised me, I have had no issue at all. You may find one on Ebay or the like for a good price then. I personally have 6 alarms programmed in mine, for various reasons. But it certainly does work like a champ. I also found it to be less of a startling wake up than an alarm clock, MUCH more pleasant.
Thanks! I will do that!
MAY THE PIPS BE WITH YOU!
  • #32,580
  • Mar 17, 2014 5:17pm Mar 17, 2014 5:17pm
Quoting as33156
{quote} Awesome day man! AU & GN didn't give entries on my platform you must have got in before the close of the 2nd candle because entry was only possible for me on the 3rd candle which I don't do. Unless you broker time frame is different then mines.
Interpreting his rules, I will go in if there is a good cross at the beginning of the candle which there was on both AU and GN it was also the second candle for both of them.
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