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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #34,661
  • Apr 3, 2014 10:18am Apr 3, 2014 10:18am
Quoting Direwolf
GJ is starting to move in our direction. Finally broken the low of previous candle, a good sign indeed.
Hi Direwolf, Can you see my GJ chart below, please? Is it 2nd candle accordingly Big E?

http://i1248.photobucket.com/albums/...ps654a8a96.png

When the 2nd candle opens, we just see the current TDI (violet line on chart), right?

Sometimes, I see TDI repaint and only stop after candle closes.
Does the last violet TDI line on my chart confirm the current candle or last closes candle?

Sorry for my dumb question and my bad english.

Regards.
  • #34,662
  • Apr 3, 2014 10:20am Apr 3, 2014 10:20am
Quoting pips29
taken some off. Not being greedy. Has been a good day so far {image} {image} {image}
Very nice trades pips29,

I took the same as you on EURJPY H1 after the news => Result +49 pips in average
In the morning I took another short attempt before FO which got +14 pips in profit before it turned. Result => -12 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-03 16.10 EURJPY H1 - profit.png Size: 186 KB
fxFox (all times in my charts are GMT+1)
  • #34,663
  • Apr 3, 2014 10:21am Apr 3, 2014 10:21am
Quoting Direwolf
My gold trade is out at BE. Looks like GJ is following lol. No trade tomorrow for me.

Yeah most of the awesome trades happen the first 2 days of the week and you just continue to ride them until the end of the week. We missed a lot of those lol. But next week will be a blast because we wont make the same mistakes. Have a great weekend!
MAY THE PIPS BE WITH YOU!
  • #34,664
  • Apr 3, 2014 10:24am Apr 3, 2014 10:24am
GOLD initiating an uptrend in Daily chart?
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD Daily Chart.jpg Size: 342 KB
POSSIBILITIES ARE INFINITE, YOU CAN ACCOMPLISH ANYTHING!
  • #34,665
  • Apr 3, 2014 10:26am Apr 3, 2014 10:26am
Quoting fxFox.mb
{quote} Very nice trades pips29, I took the same as you on EURJPY H1 after the news => Result +49 pips in average In the morning I took another short attempt before FO which got +14 pips in profit before it turned. Result => -12 pips {image}

Thanks for the chart fxFox,


Would you mind sharing your indicator that you circled with me? It the one that has different timeframes with arrow pointing up or down. Thanks in advance!
MAY THE PIPS BE WITH YOU!
  • #34,666
  • Apr 3, 2014 10:30am Apr 3, 2014 10:30am
Week 3 day 4 of trading the 4 hour as seen on page 1:

6am: No trades

10am:

GU- +10 pips

GJ- +6 pips

EG- Break-even

Total: +16 pips and +90, for the week +106 pips checking my computer 3 times a day
Attached Image (click to enlarge)
Click to Enlarge Name: 3.4.png Size: 66 KB
Give yourself a chance and trade it like it's layed out...
  • #34,667
  • Apr 3, 2014 10:33am Apr 3, 2014 10:33am
Quoting as33156
{quote} Thanks for the chart fxFox, Would you mind sharing your indicator that you circled with me? It the one that has different timeframes with arrow pointing up or down. Thanks in advance!
That indicator is from the FXCM plattform Trading Station II - not MT4. If you trade on TSII you'll find it on fxcodebase.com under custom indicators on page 16 (Multi Time Frame Heikin-Ashi). Pips29 found it there and showed it to me - thanks a lot to him.
fxFox (all times in my charts are GMT+1)
  • #34,668
  • Apr 3, 2014 10:33am Apr 3, 2014 10:33am
Quoting khanhtrinhmd
{quote} Hi Direwolf, Can you see my GJ chart below, please? Is it 2nd candle accordingly Big E? {image} When the 2nd candle opens, we just see the current TDI (violet line on chart), right? Sometimes, I see TDI repaint and only stop after candle closes. Does the last violet TDI line on my chart confirm the current candle or last closes candle? Sorry for my dumb question and my bad english. Regards.
Perfect entry my friend. It only repaints if PAC reverses. No worries about that though. You will notice if you stick to the system 70 to 80% of the time it will go in your favor unless you get in on a news bar then brace yourself lol
MAY THE PIPS BE WITH YOU!
  • #34,669
  • Apr 3, 2014 10:35am Apr 3, 2014 10:35am
Quoting fxFox.mb
{quote} Very nice trades pips29, I took the same as you on EURJPY H1 after the news => Result +49 pips in average In the morning I took another short attempt before FO which got +14 pips in profit before it turned. Result => -12 pips {image}
Looks like you beat me to it. I took the hourly and I reckon you took it on tf15
the cautious seldom err....C
  • #34,670
  • Apr 3, 2014 10:37am Apr 3, 2014 10:37am
Quoting khanhtrinhmd
{quote} Hi Direwolf, Can you see my GJ chart below, please? Is it 2nd candle accordingly Big E? {image} When the 2nd candle opens, we just see the current TDI (violet line on chart), right? Sometimes, I see TDI repaint and only stop after candle closes. Does the last violet TDI line on my chart confirm the current candle or last closes candle? Sorry for my dumb question and my bad english. Regards.
I think it's a totally valid entry. As you said, HA candle can change color while it is forming. So waiting for the first candle to close to give us confirmation is not bad per se.

2 points you should be aware tho: 1 is the strong up trend. 2 is the round number 172.00 very near by. These points actually lower the winning chance of this trade, and if you choose to enter you will have to manage it really tight to minimize your loss in case it doesn't go your way.

It's different when you're trading with the trend, you already have the pair's bias in your favor.

Hope that make sense!
Everything you can imagine, is real - Pablo Picasso
  • #34,671
  • Apr 3, 2014 11:08am Apr 3, 2014 11:08am
Quoting fxFox.mb
{quote} That indicator is from the FXCM plattform Trading Station II - not MT4. If you trade on TSII you'll find it on fxcodebase.com under custom indicators on page 16 (Multi Time Frame Heikin-Ashi). Pips29 found it there and showed it to me - thanks a lot to him.

Unfortunately for me I don't use TSII or FXCM. So that sucks! I wonder if anyone else has this indicator for MT4? Only one way to find out I suppose. I have even tried surfing the net for it with no such luck. Thanks for your help!
MAY THE PIPS BE WITH YOU!
  • #34,672
  • Apr 3, 2014 11:13am Apr 3, 2014 11:13am
took this short. Looks like top is in place for the time being. Balance of all other trades locked in at b/e+
Attached Image (click to enlarge)
Click to Enlarge Name: pic33.png Size: 64 KB
the cautious seldom err....C
  • #34,673
  • Apr 3, 2014 11:14am Apr 3, 2014 11:14am
Hi Everyone,

Does anyone have this indicator for MT4 & if so could you please share it with me. I have searched high and low over the internet for it but can't seem to find it. Thanks in Advance!

Attached Image
MAY THE PIPS BE WITH YOU!
  • #34,674
  • Apr 3, 2014 11:26am Apr 3, 2014 11:26am
Quoting as33156
Hi Everyone, Does anyone have this indicator for MT4 & if so could you please share it with me. I have searched high and low over the internet for it but can't seem to find it. Thanks in Advance! {image}

This one may be same

  1. Post 23,856

Attached Image
Sad i'm not trying to understand PA
  • #34,675
  • Apr 3, 2014 11:38am Apr 3, 2014 11:38am
WEEK 3

I have decided not to trade tomorrow because of big impact news!!

Results for Trading the 4 hour as seen on page 1 checking my computer three times a day:

Mon: +78 pips

Tue: +2

Weds: +10

Thurs: +16

Total this week is +106 pips!

Week 1 = +155 pips

week 2 = +243 pips

week 3 = +106 pips

Total: +504 pips

Big E was right this really is trading made simple!! Rip Big E and thank you for thinking different to everyone else
Give yourself a chance and trade it like it's layed out...
  • #34,676
  • Apr 3, 2014 11:39am Apr 3, 2014 11:39am
Quoting as33156
Took GJ which all the news is trying to be a downer on. It was a proper trade those TDI crossed below the TDI Yellow baseline which I then entered on the 2nd red candle. {image}
Weekly's in a flag and pinching towards a decision point; Daily's overbought and honored the DT line @ 173.15 and it looks like you have your S/L above that...awesome!; H4 gave you divergence and the TDI is respectable. Your R/R appears to be 1/1.2; if you can make it to the 23.6% Fib I would certainly move S/L to above PAC and reduce my risk. next few H4 candles will tell....historically this pair can move like an unattended firehose!

All the best...............

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_19 03-Apr 09.30.jpg Size: 180 KB
  • #34,677
  • Apr 3, 2014 11:39am Apr 3, 2014 11:39am
ฺBrizzle
Everything you can imagine, is real - Pablo Picasso
  • #34,678
  • Apr 3, 2014 11:47am Apr 3, 2014 11:47am
Quoting omonisha
{quote} This one may be same Post 23,856 {image}

Prefect Omonisha! Thanks!
MAY THE PIPS BE WITH YOU!
  • #34,679
  • Apr 3, 2014 11:50am Apr 3, 2014 11:50am
Quoting omonisha
{quote} This one may be same Post 23,856 {image}

Hey omonisha

How should we use that MTF indicator.

I noticed that either m15,h1,h4 are red down arrows and daily and weekly are both up. Should we listen to what the shorter time frames say and take entry accordingly on the h4? or do I wait till h4 goes green and I get a TMS entry on h4 to enter long?


Thanks
Lets Make Some Money
  • #34,680
  • Apr 3, 2014 11:52am Apr 3, 2014 11:52am
Quoting Zoopots
{quote} Weekly's in a flag and pinching towards a decision point; Daily's overbought and honored the DT line @ 173.15 and it looks like you have your S/L above that...awesome!; H4 gave you divergence and the TDI is respectable. Your R/R appears to be 1/1.2; if you can make it to the 23.6% Fib I would certainly move S/L to above PAC and reduce my risk. next few H4 candles will tell....historically this pair can move like an unattended firehose! All the best............... {image}
Hi Zoopots,

I made sure this time to check the time frames like you do before I took the trade. Once I saw the Weekly & Daily in a long Bias I took the short trade because of the proper signal but I treated it with a short lease. I closed half my profits at 30 pips profit and now I'm letting the rest run. GBP are Bi-Polar in my opinion one moment they are going your way super fast and the very next moment they are doing a vicious pull back stopping you out for small gains.

I'm clued to it's game now and I book pips right away.
MAY THE PIPS BE WITH YOU!
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