Trading Made Simple | Page 1653 | 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

  • #33,041
  • Mar 20, 2014 12:27am Mar 20, 2014 12:27am
Quoting SledHead
Divergence and TDI cross on CJ. In long on demo.
A long slow day -- Looks like your trade went sideways.

At least AJ gave some pips
  • #33,042
  • Mar 20, 2014 12:29am Mar 20, 2014 12:29am
Quoting emmanuel7788
{quote} on the 3 charts, the left-most one is GMT0 the server date and time is shown on the chart top-right corner. you can look at your Alpari charts and their server time in shown in the Market Watch window. anyway EJ is a good buy with Fib38/50 Entry on GMT0 server.
Did you trade EJ and how is it going?
  • #33,043
  • Mar 20, 2014 1:01am Mar 20, 2014 1:01am
Quoting SledHead
Divergence and TDI cross on CJ. In long on demo.
Attached Image (click to enlarge)
Click to Enlarge Name: cj.PNG Size: 50 KB
I am not random, U just can't think as fast as me....
  • #33,044
  • Mar 20, 2014 1:11am Mar 20, 2014 1:11am
Quoting thinkpad123
{quote} {image}
Definitely one to keep on my radar for a number of reasons. Thanks for the heads up.. Still needs some maturing though..

Seer
Pip what you see; See what you pip!
  • #33,045
  • Mar 20, 2014 1:12am Mar 20, 2014 1:12am
Quoting pundit78
Although TDI has not crossed yet still entered the trade. Reason : Gold is at major support on H4, TDI oversold and bouncing up, stoch already formed double bottom and TDI divergence. small risk - SL at 1324.62, lets c which way it goes. {image}
Better move your stop loss to 1318 area to be safe if your risk percentage allows it.
I had a loss on this yesterday while entering long at 1360 region and stop loss was at 1349.
I am now looking to go for long again but waiting for either some consolidation around this area or some strong reversal signal with good cross. MAybe i will get it in London session.
For now it is looking weak to me.
I am not random, U just can't think as fast as me....
  • #33,046
  • Mar 20, 2014 1:16am Mar 20, 2014 1:16am
Quoting gsbharaj
{quote} i cant. i have tried oanda and FXCM. they are good brokers but i need a broker which have money bookers for sending and recieving money. instaforex gives that option but it sucks with the spreads so high.
Try exness, they have very low spreads and also have option to use moneybookers.
I am not random, U just can't think as fast as me....
  • #33,047
  • Mar 20, 2014 1:19am Mar 20, 2014 1:19am
Quoting as33156
{quote} LOL TP123, I can't believe you are using my sayings against me now. I like to hold myself to a higher standard. Out of the 400 pips I was suppose to make today I made 92 pips which is less then 25% efficiency. This is very unacceptable for me because if an employee of mines was working at less then 25% of his known productivity unless they were ill or had a death in the family I would really let them have it. I like to keep my personal efficiency rating in the 75% or higher range. I will sort this out next week. I got start back recording...
Best of luck for creating a trading journal. Do share it here if you could.
I am not random, U just can't think as fast as me....
  • #33,048
  • Mar 20, 2014 1:42am Mar 20, 2014 1:42am
1.38400 long on EU someone else in this trade.
  • #33,049
  • Mar 20, 2014 1:47am Mar 20, 2014 1:47am
What do you guys think of how the EU is setting up?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 142 KB
  • #33,050
  • Mar 20, 2014 1:50am Mar 20, 2014 1:50am
Quoting GilR
{quote} Did you trade EJ and how is it going?
Yes, I did based on Fib38/50 retracement of the last H4 candle. This went nowhere for hours.

Also took GJ yesterday same entry type and exited 1 lot at +64pips and trade now at BE.

BOJ Kuroda speaking in 30mins, so we will see market reaction.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ week 12 19 Mar H4 trade.png Size: 20 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 12 20 Mar H4 trade.png Size: 20 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,051
  • Mar 20, 2014 1:51am Mar 20, 2014 1:51am
Quoting alex8585
1.38400 long on EU someone else in this trade.
I should also be long in 10min if my 4h chart confirms
  • #33,052
  • Mar 20, 2014 2:03am Mar 20, 2014 2:03am
Quoting emmanuel7788
{quote} Yes, I did based on Fib38/50 retracement of the last H4 candle. This went nowhere for hours. Also took GJ yesterday same entry type and exited 1 lot at +64pips and trade now at BE. BOJ Kuroda speaking in 30mins, so we will see market reaction. {image} {image}
GJ was great trade
  • #33,053
  • Mar 20, 2014 2:08am Mar 20, 2014 2:08am
Quoting thinkpad123
{quote} Better move your stop loss to 1318 area to be safe if your risk percentage allows it. I had a loss on this yesterday while entering long at 1360 region and stop loss was at 1349. I am now looking to go for long again but waiting for either some consolidation around this area or some strong reversal signal with good cross. MAybe i will get it in London session. For now it is looking weak to me.
Yes TP123 its not strong bullish yet but I have already mentioned the reasons to enter, 1318 SL will be too much risk for me as per the position, I also had loss on Gold yesterday on demo contest I sold it at 1358 but that again was not a strong reversal, at this level I have considered other factors as well, anyways thanks for your advise.
  • #33,054
  • Mar 20, 2014 2:16am Mar 20, 2014 2:16am
Quoting emmanuel7788
{quote} Yes, I did based on Fib38/50 retracement of the last H4 candle. This went nowhere for hours. Also took GJ yesterday same entry type and exited 1 lot at +64pips and trade now at BE. BOJ Kuroda speaking in 30mins, so we will see market reaction. {image} {image}
Can you show me how you drew this particular fibo, please?
Everything you can imagine, is real - Pablo Picasso
  • #33,055
  • Mar 20, 2014 2:35am Mar 20, 2014 2:35am
Quoting emmanuel7788
{quote} Yes, I did based on Fib38/50 retracement of the last H4 candle. This went nowhere for hours. Also took GJ yesterday same entry type and exited 1 lot at +64pips and trade now at BE. BOJ Kuroda speaking in 30mins, so we will see market reaction. {image} {image}
different gmt tells different story. compare you EJ with mine
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 74 KB
Daniel
  • #33,056
  • Mar 20, 2014 2:42am Mar 20, 2014 2:42am
Quoting Greenb
{quote} different gmt tells different story. compare you EJ with mine {image}
what gmt?
  • #33,057
  • Mar 20, 2014 2:44am Mar 20, 2014 2:44am
Quoting Direwolf
{quote} Can you show me how you drew this particular fibo, please?

Here you go.
When there is a setup candle which is too large, no point chasing it when it close. Wait for a retracement and plan an entry on lower TF.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ H4 Fib38-50 entry.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,058
  • Mar 20, 2014 2:48am Mar 20, 2014 2:48am
Quoting Greenb
{quote} different gmt tells different story. compare you EJ with mine {image}

yes, even with same server time, different brokers do have slightly different price usually at the Open and Close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,059
  • Mar 20, 2014 2:55am Mar 20, 2014 2:55am
Today we have SNB Policy Statement and also CHF Libor .
So we expect some volatility in CHF pairs.
Look at CHFJPY, EURCHF and GBPCHF
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,060
  • Mar 20, 2014 2:56am Mar 20, 2014 2:56am
No trade signals in any of the pairs I'm watching sadly. Cya in another 4 hours.
MAY THE PIPS BE WITH YOU!
149 traders viewing now, 2 are registered:
Frank74
,
Gatuzzo