Trading Made Simple | Page 1712 | 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

  • #34,221
  • Mar 28, 2014 5:14am Mar 28, 2014 5:14am
Dear Friend,

Pls find below image & advise me ..
Should I closed the trade when last candle closed in side the PAC or should I wait till it hit the SL.
what is the correct method.

Thanks
Helanka
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-h1-alpari-limited.png Size: 42 KB
Helanka
  • #34,222
  • Mar 28, 2014 5:23am Mar 28, 2014 5:23am
Quoting Helanka
{quote} Dear Emmaunel & Zwirn Thanks Your reply.I read a PDF & it has been mentioned 1:100 or 1:200 Leverage is Better. is there any different of my profit if i use 1:500 or 1:200 account. Thanks Helanka
Helenka, wether your broker offers a leverage of 1:100 or 1:1000 is only of theoretical interest. The lower the margin requirements, the less margin is necessary to trade. Therefore in theory you are able to trade larger sizes or more positions/underlyings simultaneously.
But in effect this doesn't really matter as you are hopefully applying some sort of risk management that limits your potential loss to lets say 1 or 2%.

Using an effective leverage of 100 while trading EU allows you to trade 100000 USD with only 1000 USD in your account. Let's say your SL is only 10 Pips. You would already risk 100 USD in one trade which equals 10% of your trading capital. Nobody sane would do this

By using risk management and applying a risk of 1% in the same trade situation would limit your potential loss to 10 USD. Therefore your individual leverage would not be 1:100 but rather 1:10.
  • #34,223
  • Mar 28, 2014 5:26am Mar 28, 2014 5:26am
Quoting Helanka
Dear Friend, Pls find below image & advise me .. Should I closed the trade when last candle closed in side the PAC or should I wait till it hit the SL. what is the correct method. Thanks Helanka {image}
what indicator are you using to draw the PAC? please link if you dont mind
He who knows when he can fight and when he cannot, will be victorious.
  • #34,224
  • Mar 28, 2014 5:28am Mar 28, 2014 5:28am
took this trade C/T with about 1:12 r/r Got to do some errands now
Attached Image (click to enlarge)
Click to Enlarge Name: pic14.png Size: 54 KB
the cautious seldom err....C
  • #34,225
  • Mar 28, 2014 5:40am Mar 28, 2014 5:40am
Quoting TheDDReport
{quote} what indicator are you using to draw the PAC? please link if you dont mind
It is not a indicator,Those are High & low 5 SMA Lines which add Manually by using Normal Moving Average Indicator
Attached Image
Helanka
  • #34,226
  • Mar 28, 2014 5:46am Mar 28, 2014 5:46am
Quoting zwirN
{quote} Helenka, wether your broker offers a leverage of 1:100 or 1:1000 is only of theoretical interest. The lower the margin requirements, the less margin is necessary to trade. Therefore in theory you are able to trade larger sizes or more positions/underlyings simultaneously. But in effect this doesn't really matter as you are hopefully applying some sort of risk management that limits your potential loss to lets say 1 or 2%. Using an effective leverage of 100 while trading EU allows you to trade 100000 USD with only 1000 USD in your account....
Thanks for your Reply.

Helanka.
Helanka
  • #34,227
  • Mar 28, 2014 5:49am Mar 28, 2014 5:49am
Quoting Helanka
{quote} It is not a indicator,Those are High & low 5 SMA Lines which add Manually by using Normal Moving Average Indicator {image}
ahh ty
He who knows when he can fight and when he cannot, will be victorious.
  • #34,228
  • Mar 28, 2014 6:04am Mar 28, 2014 6:04am
Anybody thinking about shorting AUDUSD soon? the cross looks nice if it closes like this but trying to short this momo might be scary
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2014-03-28 at 5.03.50 AM.png Size: 85 KB
He who knows when he can fight and when he cannot, will be victorious.
  • #34,229
  • Mar 28, 2014 6:06am Mar 28, 2014 6:06am
Quoting TheDDReport
Anybody thinking about shorting AUDUSD soon? the cross looks nice if it closes like this but trying to short this momo might be scary {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AU week H1 28 Mar TOK5H.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,230
  • Mar 28, 2014 6:19am Mar 28, 2014 6:19am
need help


I have the top speed internet but my clock stop for about 8 sec. candle open about 22 sec after the opening time.
Is this delay normal? As it any think to do with refreshing the page?.
  • #34,231
  • Mar 28, 2014 6:24am Mar 28, 2014 6:24am
Quoting emmanuel7788
{quote} {image}
Surly being months end, a Friday and after a massive uptrend, this is just profit taking..

Sunday night/Monday morning will show proper direction, either a continuation or correction.

May be a good scalp though.
  • #34,232
  • Mar 28, 2014 6:29am Mar 28, 2014 6:29am
Quoting emmanuel7788
{quote} Weekly Average Range: A simple solution is in post#33,539
Thanks for that Emmanuel. Is it best to keep different profiles for these indicators as keeping it all on one chart is likely to clog up the space of the chart.
  • #34,233
  • Mar 28, 2014 7:12am Mar 28, 2014 7:12am
Quoting Arete
{quote} Surly being months end, a Friday and after a massive uptrend, this is just profit taking.. Sunday night/Monday morning will show proper direction, either a continuation or correction. May be a good scalp though.

yes, intraday scalping the MN upper shadow.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,234
  • Mar 28, 2014 7:25am Mar 28, 2014 7:25am
Quoting emmanuel7788
{quote} yes, intraday scalping the MN upper shadow.
What is MN upper shadow EM?
  • #34,235
  • Edited 7:49am Mar 28, 2014 7:33am | Edited 7:49am
Dear all,
Please help with the loading of the TDI template (#1 best 5 ma tdi). Having downloaded the files and added as appropriate, it did not appear as the ones I have been seeing posted allover here. This is what I got from loading the template:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 21 KB
.
CAN SOMEONE PLEASE HELP. GRATEFUL AHEAD OF YOUR RESPONSES.
Acts 12 vs 4: Only Jesus saves from sin.
  • #34,236
  • Mar 28, 2014 7:40am Mar 28, 2014 7:40am
Took this AU H4 trade.
Attached Image (click to enlarge)
Click to Enlarge Name: AU H4.png Size: 183 KB


Took some profit before the US news and it didn't seem to have much impact. Trade still in profit.

Any suggestions on where to adjust the other TP or any other comments .

Regards
  • #34,237
  • Mar 28, 2014 7:55am Mar 28, 2014 7:55am
Quoting hostwey
{quote} What is MN upper shadow EM?

we are at the monthly candle closing, so it is the upper wick (shadow) of the monthly candle. Buyers exit their trades, so price retraces. Good for scalping on lower TF.
Read post#34,192 on NZDUSD same explanation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,238
  • Mar 28, 2014 7:59am Mar 28, 2014 7:59am
Quoting azfarjaved
Dear Emmanuel & Zoopots, I just received this update and it shaked out my all expectations towards pair movement to south. I entered SELL in AudUsd @ .9224 and was expecting max move/floating up to .9324 but as per below image, i am confuse now. kindly advice, should i close it in loss or should i consider hedging? regards. {image}
azfarjaved:

if you believe such kind of analysis you will most likey lose all your money.
here we trade the 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,239
  • Mar 28, 2014 8:37am Mar 28, 2014 8:37am
Quoting imdada
Dear all, Please help with the loading of the TDI template (#1 best 5 ma tdi). Having downloaded the files and added as appropriate, it did not appear as the ones I have been seeing posted allover here. This is what I got from loading the template: {image}. CAN SOMEONE PLEASE HELP. GRATEFUL AHEAD OF YOUR RESPONSES.
Try this...some file don't work...
Attached File(s)
File Type: ex4 TDI_RT.ex4   5 KB | 506 downloads
Sad i'm not trying to understand PA
  • #34,240
  • Mar 28, 2014 9:25am Mar 28, 2014 9:25am
The biggest lesson of the week to me, is that lack of discipline and patience is the disability of 90% of traders. I am migrating from a trader that lack both to a trader that have both. I am grateful to this forum...I have read the post of traders that are discipline and patience to their defined trading and I am oblige to emulate from them. This business of ours is not a sprint and that will continue to echo in my brain. I took the last couple of days to be going through the posts of Emmanuel7788...really don't know what the 7788 represent but I learned a lot going through his post and I owe him lots of respect to his diligence and research and hard work in the trading community...this thread has lots of potential traders willing to help each other and that is the one thing that make it awesome...I believe that the coming weeks and months and years will see me...being consistent and moving forward from where I am currently are...wish you all the same. More pips to your banks guys.
97 traders viewing now, 1 is registered:
kola.bear020