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Trading Made Simple

  • #33,561
  • Mar 23, 2014 9:11pm Mar 23, 2014 9:11pm
GJ closed and return above expectation.

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Time for lunch
  • #33,562
  • Edited 10:37pm Mar 23, 2014 9:21pm | Edited 10:37pm
Quoting GilR
GJ closed and return above expectation. {image} Time for lunch
It was the start of a new trend. You gotta let your profits run. Your Stop-loss was actually more then what you made on the trade pip wise. Once you enter a trade walk away from the platform and check it every 4hr candle. This way you don't get the itchy trigger finger. Making 30 pips off a trade that required a 40 pip stoploss may bite you in the end my friend.

Congrats on the pips anyhow. A good start to the week for you.
MAY THE PIPS BE WITH YOU!
  • #33,563
  • Mar 23, 2014 9:36pm Mar 23, 2014 9:36pm
Quoting as33156
{quote} Set it and forget it man. Let your Cave-manager do the work for you. That's Big E's way
The cavemanager is not working on my platform...could you please send the file to me...maybe I will be lucky as the one I install I got online...thanks in advance
  • #33,564
  • Mar 23, 2014 9:40pm Mar 23, 2014 9:40pm
Quoting as33156
{quote} It was the start of a new trend. You gotta let your profits run. Your Stop-loss was actually more then what you made on the trade pip wise. Once you enter a trade walk away from the platform and check it every 4hr candle. This was you don't get the itchy trigger finger. Making 30 pips of a trade that required a 40 pip stoploss may bite you in the end my friend. Congrats on the pips anyhow. A good start to the week for you.
Thanks- You a probably right. Before this I only traded 1min chart so its all an education

I think I would have been more comfortable if TMI cross and stochastic nearer 32
  • #33,565
  • Mar 23, 2014 10:03pm Mar 23, 2014 10:03pm
Quoting akwunomy
{quote} The cavemanager is not working on my platform...could you please send the file to me...maybe I will be lucky as the one I install I got online...thanks in advance

here
Attached File(s)
File Type: pdf THV CaveManager EA v1.41.pdf   103 KB | 541 downloads
File Type: ex4 THV CaveManager v1.41 (1).ex4   63 KB | 529 downloads
MAY THE PIPS BE WITH YOU!
  • #33,566
  • Mar 23, 2014 10:57pm Mar 23, 2014 10:57pm
GA is about to give a Long trade at the next bar. For some reason I don't like this trade. GA short was epic and it just ended I however think that this up bar may be a false signal and it will continue down. Beware of this trade my friends. Everything on the chart is telling me it should be the start of and Up trend and to take the trade but in my gut I just don't like it. Also the fact you would need about a 80 pip SL if you entered the trade. I'm staying on the sidelines for this trade. I see no others on any charts I'm tracking so cya at 4am
MAY THE PIPS BE WITH YOU!
  • #33,567
  • Mar 23, 2014 11:03pm Mar 23, 2014 11:03pm
Quoting as33156
{quote} I like this approach. Sometimes we rely to much on things that we don't know how to repair ourselves and this can hurt. By learning how to manually come up with/search for information we need we really gain respect for our craft and a better understanding of ourselves and the market. I remember a long time ago going to a party full of intellectuals and they heard that I was very successful with trading. They wanted to know all about the market an in so much detail that I was lost for words. You see I had become a success because of my indicators...
I understand your concerns. We must know the logic working behind every tool we are using in our trading plan. I think that whenever resources are available to us we should give a try. I am attaching here with Indicator which I have modified to get the TP1 and TP2 as suggested by Emmanuel. I am not a coder but this time I got it right to modify in a way that It should work as suggested by Emmanuel. I hope this will help the new traders like me who rely on indicator more so as to focus more on chart analysis and right trading attitude.
Attached File(s)
File Type: mq4 ATR in SL-TP TMS H4.mq4   6 KB | 511 downloads
  • #33,568
  • Mar 23, 2014 11:05pm Mar 23, 2014 11:05pm
Quoting as33156
GA is about to give a Long trade at the next bar. For some reason I don't like this trade. GA short was epic and it just ended I however think that this up bar may be a false signal and it will continue down. Beware of this trade my friends. Everything on the chart is telling me it should be the start of and Up trend and to take the trade but in my gut I just don't like it. Also the fact you would need about a 80 pip SL if you entered the trade. I'm staying on the sidelines for this trade. I see no others on any charts I'm tracking so cya at 4am...

You think Aussie will keep rising?
  • #33,569
  • Mar 23, 2014 11:09pm Mar 23, 2014 11:09pm
I'm in EJ trade. Not sure if entering H4 at this hour is a good idea but there are a few things I like.

EJ daily left a pin bar last week and the price just broke upwards.
Attached Image


EJ H4 also left a very obvious pin bar on Friday. Today it fired off another outside/engulfing bar in the same direction. The bar also rejects round number 141.00
Attached Image


H4 in TMS template. TDI hook up at the engulfing bar
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My target would be at the green. Purple is another logical level.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #33,570
  • Mar 23, 2014 11:11pm Mar 23, 2014 11:11pm
I just saw that GU has giving a signal which is a very small bar. I decided to take this trade as MY SL is only 26 pips so worth a punt! Cya you in profit hopefully in 4 hours

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MAY THE PIPS BE WITH YOU!
  • #33,571
  • Mar 23, 2014 11:19pm Mar 23, 2014 11:19pm
Long EA 5198.
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  • #33,572
  • Mar 24, 2014 2:25am Mar 24, 2014 2:25am
Morning people,

anyone see a setup forming on AU 4 hour. Any thoughts
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  • #33,573
  • Mar 24, 2014 3:05am Mar 24, 2014 3:05am
Should have taken that trade on EJ...
Besides this one don't see anything worth getting in. Anyone has ideas?
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Those who know don't talk. Those who talk don't know.
  • #33,574
  • Mar 24, 2014 3:16am Mar 24, 2014 3:16am
Good Morning ALL,


Both the GU & GCAD trades I called this morning are doing very nice indeed. GCAD is up 35 Pips at the moment. The guys who got in that GJ trade are riding pretty right now. I wish I had Invested in that bottle rocket. Either way I'm glad everyone is starting the week off profitable. Lets hope all of them hit our 100 pip TP


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MAY THE PIPS BE WITH YOU!
  • #33,575
  • Mar 24, 2014 3:17am Mar 24, 2014 3:17am
@hugecat i dont know that setup either . If you add 200 EMA you will see the last candle close above this line , i wonder some time the marker respect the 200 EMA and some time they aren't . So i think i take note this time and wait another setup
  • #33,576
  • Mar 24, 2014 3:22am Mar 24, 2014 3:22am
took long AJ

sl at be, at the moment +27pips
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Daniel
  • #33,577
  • Mar 24, 2014 3:24am Mar 24, 2014 3:24am
I'm in EJ. Took small profit and moved the rest to BE
My entry post. http://www.forexfactory.com/showthre...38#post7358738

Also in AJ.
The 2 bars I mark, together blended into a pin bar rejecting trend line. I then enter when price got above the box. Average daily range is only 58 so I only set TP at 40 pips.
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@as3. Once again great call and thanks for sharing! If I haven't already entered my 2 trades I would've taken your trade too
Everything you can imagine, is real - Pablo Picasso
  • #33,578
  • Mar 24, 2014 3:24am Mar 24, 2014 3:24am
Quoting leonora
@hugecat i dont know that setup either . If you add 200 EMA you will see the last candle close above this line , i wonder some time the marker respect the 200 EMA and some time they aren't . So i think i take note this time and wait another setup
Leonora, That's why Big E advised not to complicate your graph with anything but TDI and Stoch. I also use PAC channel to see how strong is the trend. EJ trade was good, just 100 Pips SL confused me.
Those who know don't talk. Those who talk don't know.
  • #33,579
  • Mar 24, 2014 3:26am Mar 24, 2014 3:26am
Quoting Direwolf
I'm in EJ. Took small profit and moved the rest to BE My entry post. http://www.forexfactory.com/showthre...38#post7358738 Also in AJ. The 2 bars I mark, together blended into a pin bar showing rejection to go low. I then enter when price got above the box. Average daily range is only 58 so I only set TP at 40 pips. {image}
Good for you, Direwolf. I'm biting my elbows on this one. I think it'll hit 100 Pips TP. Good luck to you!
Those who know don't talk. Those who talk don't know.
  • #33,580
  • Mar 24, 2014 3:33am Mar 24, 2014 3:33am
EJ just made a sudden fall so I closed the rest of my position at +10 pips. The fall was too frightening lol.
Everything you can imagine, is real - Pablo Picasso
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