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Trading Made Simple

  • #34,741
  • Apr 4, 2014 8:00am Apr 4, 2014 8:00am
Quoting omonisha
Hope week will end well {image} {image}

I missed proper bounce shorts on GA & GCAD. If I didn't slack I would be showing about the same profits on the charts lol. Congrats on your pippage Omonisha! You deserve it. I'm up 90 pips for the week after this stupid news trade lost. But I start the week down -86 pips so I turned it around after I took time to study my trading errors. So I'm on the right track and looking for Next week to be an EPIC pip Haul!
MAY THE PIPS BE WITH YOU!
  • #34,742
  • Apr 4, 2014 8:00am Apr 4, 2014 8:00am
Quoting as33156
Well that was a quick lost no more news trading for me. Its to risky and you lose money super fast. I ended up losing 30 pips on the trade.
A few months ago I tried doing a straddle on NFP and I still managed to loose money due to poor execution by the broker. One of my trades got triggered but too late and was already reversing and then I got stopped out!

I think probably the best way is to trade the aftermath. Perhaps switch to 5 minute chart, wait for the 'news candle' to retrace, and then get in, but it needs quite a bit of practice I think
  • #34,743
  • Apr 4, 2014 8:07am Apr 4, 2014 8:07am
Quoting hostwey
{quote} A few months ago I tried doing a straddle on NFP and I still managed to loose money due to poor execution by the broker. One of my trades got triggered but too late and was already reversing and then I got stopped out! I think probably the best way is to trade the aftermath. Perhaps switch to 5 minute chart, wait for the 'news candle' to retrace, and then get in, but it needs quite a bit of practice I think

Thats for the knowledge Hostwey! I completely lost my appetite for news now though lol. I will stick to TMS and collects pips. I hope you are going to have an awesome weekend!
MAY THE PIPS BE WITH YOU!
  • #34,744
  • Apr 4, 2014 8:10am Apr 4, 2014 8:10am
Quoting as33156
Long UJ for the news trade 30 pip capital protection, 20 pips SL, 90 pip TP, 30pip TS {image}
I agree with you...News trading is worse than gambling...I thought I will just do it today and lost 26 pips...I am not having enough trading time and it is having a toll on me....I believe I will follow a more concise rule soon as I am making them up...thank to TMS...and hen I will use it from summer when my boss agree to change my work schedule to start Friday night and end Monday morning...instead of Monday night and end Thursday morning...taking all the trading time away from me...and I do not feel comfortable taking trades off my phone...because I want to have the reassurance of the TMS system while taking trades...while on my phone I just see PA. So to those who understand TMS and how to trade it...why waste time trading news.
  • #34,745
  • Apr 4, 2014 8:20am Apr 4, 2014 8:20am
Quoting as33156
{quote} I missed proper bounce shorts on GA & GCAD. If I didn't slack I would be showing about the same profits on the charts lol. Congrats on your pippage Omonisha! You deserve it. I'm up 90 pips for the week after this stupid news trade lost. But I start the week down -86 pips so I turned it around after I took time to study my trading errors. So I'm on the right track and looking for Next week to be an EPIC pip Haul!

Thanks friend....yesterday i lost -60pip..today got lucky..that i could cover my loss....very good luck to you for the coming weeks months year...

happy pipin

regards

Omonisha
Sad i'm not trying to understand PA
  • #34,746
  • Apr 4, 2014 8:21am Apr 4, 2014 8:21am
Quoting omonisha
Hope week will end well {image} {image}
Excellent trade Omo. Great that you caught the move, total awesomeness!

My trade - the pin I mentioned on Daily chart

Left NZDCHF, currently +44 pips, stoploss +5 pips.
Right EURNZD, currently +70 pips, stoploss +5 pips.
Both entered at the break of pin bar.

I'll try manage one Zoopots style probably ENZD, while the other one I'll set my target recent swing point. Wanna see how that works out.
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Everything you can imagine, is real - Pablo Picasso
  • #34,747
  • Apr 4, 2014 8:22am Apr 4, 2014 8:22am
just got back and miss the nfp. Anyway, A/J got stopped out for a -43 pips. Only one trade left from yesterday. Will look for new trades if available
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the cautious seldom err....C
  • #34,748
  • Apr 4, 2014 8:25am Apr 4, 2014 8:25am
Quoting akwunomy
{quote} I agree with you...News trading is worse than gambling...I thought I will just do it today and lost 26 pips...I am not having enough trading time and it is having a toll on me....I believe I will follow a more concise rule soon as I am making them up...thank to TMS...and hen I will use it from summer when my boss agree to change my work schedule to start Friday night and end Monday morning...instead of Monday night and end Thursday morning...taking all the trading time away from me...and I do not feel comfortable taking trades off my phone...because...

Bingo Akwunomy!

TMS is such a great system that consistently produces pips if you don't get greedy, always pay attention to the indicators, and stick to strict money management. I'm sure you will have a very profitable summer because even with my screw ups the last 2 weeks every week I still ended in profit. Thats says a lot about this system.
MAY THE PIPS BE WITH YOU!
  • #34,749
  • Apr 4, 2014 8:29am Apr 4, 2014 8:29am
Quoting Direwolf
{quote} Excellent trade Omo. Great that you caught the move, total awesomeness! My trade - the pin I mentioned on Daily chart Left NZDCHF, currently +44 pips, stoploss +5 pips. Right EURNZD, currently +70 pips, stoploss +5 pips. Both entered at the break of pin bar. I'll try manage one Zoopots style probably ENZD, while the other one I'll set my target recent swing point. Wanna see how that works out. {image} {image}

You too having blast...i closed out 1 position EURNZD....let the other run..+85 up now....be+50...

great pipin
Sad i'm not trying to understand PA
  • #34,750
  • Apr 4, 2014 8:44am Apr 4, 2014 8:44am
My first chart posting, I have been watching, reading and learning for a while.
Any comments welcome.
Thanks
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  • #34,751
  • Apr 4, 2014 8:45am Apr 4, 2014 8:45am
Forgot to say I had set a 20 pip S/L and 20 pip T/P.
  • #34,752
  • Apr 4, 2014 8:52am Apr 4, 2014 8:52am
My trade on Eur/nzd going great so far.

+83 pips

targeting 200 pips tp
stop loss moved to breakeven + buffer

Clean and simple, easy money

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I am not random, U just can't think as fast as me....
  • #34,753
  • Apr 4, 2014 8:56am Apr 4, 2014 8:56am
Quoting Next4467
Forgot to say I had set a 20 pip S/L and 20 pip T/P.
If you are monitoring, you could have taken 30-50% off with 20 pips gain and take 10-20% off every additional 10 pips or more in your favour. You must make sure you move your stop to b/e+ just in case something out of the blue happens when you take your first 20 pips gain
the cautious seldom err....C
  • #34,754
  • Apr 4, 2014 8:58am Apr 4, 2014 8:58am
Quoting pips29
{quote} If you are monitoring, you could have taken 30-50% off with 20 pips gain and take 10-20% off every additional 10 pips or more in your favour. You must make sure you move your stop to b/e+ just in case something out of the blue happens when you take your first 20 pips gain
I agree, but this time i was away from the PC.
Thanks for the input.
  • #34,755
  • Apr 4, 2014 9:05am Apr 4, 2014 9:05am
Quoting lastingwell
I don't usually trade the news but I'd had this trade in all morning and thought I would just let it go, already had moved the stop loss to BE +1 so was hoping if it went the other way there wouldn't be too much slippage. I have a 100 pip tp on it but with a 50 pip trailing stop. {image}
Finally reached its tp
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  • #34,756
  • Apr 4, 2014 9:19am Apr 4, 2014 9:19am
Quoting lastingwell
{quote}Finally reached its tp {image}


Well done.
Make sure that the light at the end of the tunnel is not an on coming train
  • #34,757
  • Apr 4, 2014 9:20am Apr 4, 2014 9:20am
So many inspiring trades today despite the NFP. Thanks guys.
Everything you can imagine, is real - Pablo Picasso
  • #34,758
  • Apr 4, 2014 9:20am Apr 4, 2014 9:20am
wonder what happened? that spike took the remainder out and no longer in this trade
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the cautious seldom err....C
  • #34,759
  • Apr 4, 2014 9:24am Apr 4, 2014 9:24am
Quoting pips29
wonder what happened? that spike took the remainder out and no longer in this trade {image}

NFP does that to some trades if you are not careful.
Make sure that the light at the end of the tunnel is not an on coming train
  • #34,760
  • Apr 4, 2014 9:34am Apr 4, 2014 9:34am
yeah, I know but this happened 2 hours post Nfp
the cautious seldom err....C
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