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Trading Made Simple

  • #34,961
  • Apr 7, 2014 9:19am Apr 7, 2014 9:19am
I decided to try and do as Bizzzle and a few others are and trade the H4 as Big E laid out on page 1.

Week 1, Day 1:

6am:

AU- -14

10am:

EU- +20

UC- +18

Total = +24 pips for the day
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Focus on the process and the profits will follow
  • #34,962
  • Apr 7, 2014 9:27am Apr 7, 2014 9:27am
Quoting Ballistical
I decided to try and do as Bizzzle and a few others are and trade the H4 as Big E laid out on page 1. Week 1, Day 1: 6am: AU- -14 10am: EU- +20 UC- +18 Total = +24 pips for the day {image} {image} {image}
Nice

with the Au trade if price hasn't broke the 5ema I wouldn't traded it!

Best of luck
Give yourself a chance and trade it like it's layed out...
  • #34,963
  • Apr 7, 2014 9:33am Apr 7, 2014 9:33am
Quoting Bizzzle
{quote} Nice with the Au trade if price hasn't broke the 5ema I wouldn't traded it! Best of luck
Thanks for the tip Bizzzle!

I'll bear that in mind
Focus on the process and the profits will follow
  • #34,964
  • Apr 7, 2014 9:43am Apr 7, 2014 9:43am
Just closed out my AU trade for 10 pips lost. I'm not going to let it hit my 36 SL like it would most likely do if I stayed in. Once again I BUY the High & SELL the Low. -30 pips on the day. What a crap start to the week. I got short AU when the green TDI went below the yellow TDI . Afterwards a member explains to me about the bounce and how they take them once the Red TDI line has crosses above or below the Yellow base line. So basically telling me that my AU was a bad entry lol. I could have got out for 2 pips profit but didn't at that time.

Seems like every other pairs is paying out on trades that aren't TMS A++++ trades. Very frustrating. I'm down about 3k today on BS trades. Now watch AU tank for 100 pips now that I'm out of it. Just like the NU will most likely sky rocket now that It stopped me out. I think I'm going to start my vacation early because I rather blow 3k a day clubbing then losing it trading. Even gambling it away at a casino would be more fun then getting up every 4hr and seeing my account worth less and less everyday.

Being down 30 pips isn't much but still it's just sooo annoying to enter a trade and it instantly starts going against me which is a complete reversal of what it was doing for me my first 3 weeks of trading TMS when I made 1788 pips. The last two weeks I have made less then 200 pips combined. Thats less then I would make trading my own system. I think I need to maybe paper trade until I reverse the negative karma surrounding me right now.
MAY THE PIPS BE WITH YOU!
  • #34,965
  • Apr 7, 2014 9:57am Apr 7, 2014 9:57am
Quoting as33156
Just closed out my AU trade for 10 pips lost. I'm not going to let it hit my 36 SL like it would most likely do if I stayed in. Once again I BUY the High & SELL the Low. -30 pips on the day. What a crap start to the week. I got short AU when the green TDI went below the yellow TDI . Afterwards a member explains to me about the bounce and how they take them once the Red TDI line has crosses above or below the Yellow base line. So basically telling me that my AU was a bad entry lol. I could have got out for 2 pips profit but didn't at that time. Seems...
Your AU short was a counter trend trade... you have to be very carefull with those. Try the bounces untill you get your flow ... at least you'll be going with the trend.
.... laughing all the way to the bank
  • #34,966
  • Apr 7, 2014 9:58am Apr 7, 2014 9:58am
Quoting as33156
Just closed out my AU trade for 10 pips lost. I'm not going to let it hit my 36 SL like it would most likely do if I stayed in. Once again I BUY the High & SELL the Low. -30 pips on the day. What a crap start to the week. I got short AU when the green TDI went below the yellow TDI . Afterwards a member explains to me about the bounce and how they take them once the Red TDI line has crosses above or below the Yellow base line. So basically telling me that my AU was a bad entry lol.
Was bit surprised you shorting AU given it was above the PAC on the Daily and the Weekly. Though there was a H1 countertrend short trade on the AU earlier this morning. Did you get in too late for that?
  • #34,967
  • Apr 7, 2014 10:18am Apr 7, 2014 10:18am
Quoting emmanuel7788
EURNZD 7 Apr TOK_5H breakout trade: A little late entry and missed a few pips. Anyway, it looks good as of now a R:R 1:1 trade. {image}

Hey!

Could you please clarify how you pick your TP points?

Do you pick your TP points on the tok_5 based on the toyko range? So if range is 7 pips, your SL be 7 pips (other side of box) and 7 pips to TP1 and TP2 will then be 14 pips and so on?

Sorry for asking you this so many times, I hesitated to take this trade on Eurusd last night and I saw it worked out.
Lets Make Some Money
  • #34,968
  • Apr 7, 2014 10:29am Apr 7, 2014 10:29am
Quoting as33156
Just closed out my AU trade for 10 pips lost. I'm not going to let it hit my 36 SL like it would most likely do if I stayed in. Once again I BUY the High & SELL the Low. -30 pips on the day. What a crap start to the week. I got short AU when the green TDI went below the yellow TDI . Afterwards a member explains to me about the bounce and how they take them once the Red TDI line has crosses above or below the Yellow base line. So basically telling me that my AU was a bad entry lol. I could have got out for 2 pips profit but didn't at that time. Seems...
If you are going to trade the H4 charts and come out if it gets to -10 then once you get a cross on h4 go down to m15 and see how far its gone without a pullback first, if its gone too far since the cross - in this case ~40 pips - wait for a pullback. AU for last 7 days has only had an ATR of around 50 pips, so thats basically all the atr for today taken so. Yes sometimes you will miss a trade, but the ones you take will be much safer, or be prepared to put your stop loss behind the last m15 high and stick to it. This is what I look at as well as the h4 chart, the vertical line is where it actually crossed down nicely.
Attached Image (click to enlarge)
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  • #34,969
  • Apr 7, 2014 10:44am Apr 7, 2014 10:44am
Excellent tip lasting well, thank you.
Everything you can imagine, is real - Pablo Picasso
  • #34,970
  • Apr 7, 2014 10:55am Apr 7, 2014 10:55am
Quoting hostwey
{quote} Was bit surprised you shorting AU given it was above the PAC on the Daily and the Weekly. Though there was a H1 countertrend short trade on the AU earlier this morning. Did you get in too late for that?
Quoting as33156
Just closed out my AU trade for 10 pips lost. I'm not going to let it hit my 36 SL like it would most likely do if I stayed in.
Exit this trade on AUDUSD because strong pullback. But, I'm still believes it can fall down because of bearish divergence.

http://i1248.photobucket.com/albums/...ps6319d6c8.png
  • #34,971
  • Apr 7, 2014 11:08am Apr 7, 2014 11:08am
Quoting as33156
Just closed out my AU trade for 10 pips lost. I'm not going to let it hit my 36 SL like it would most likely do if I stayed in. Once again I BUY the High & SELL the Low. -30 pips on the day. What a crap start to the week. I got short AU when the green TDI went below the yellow TDI . Afterwards a member explains to me about the bounce and how they take them once the Red TDI line has crosses above or below the Yellow base line. So basically telling me that my AU was a bad entry lol. I could have got out for 2 pips profit but didn't at that time. Seems...
Sure...it is better you take some vacation away from trading...that in itself is also a money management skill. You can come back more positioned to trade normally that under pressure. Wish you the best.
  • #34,972
  • Apr 7, 2014 11:12am Apr 7, 2014 11:12am
not looking at htf trend. Strictly indi-based trade with very tight S/L of 12 pips on 15mtf
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #34,973
  • Apr 7, 2014 11:22am Apr 7, 2014 11:22am
Quoting hostwey
{quote} This would be my idea of a bounce trade AS. Also green over red, over yellow (with the yellow pointing up) making it a higher probability trade (hopefully!). Also TDI is moving above the 50 line (pink). {image}

Thanks Hostwey,

So at the beginning of 2nd blue you would have entered? or 3rd to make sure the crossed finished to confirm entry without worrying about it repainting?
MAY THE PIPS BE WITH YOU!
  • #34,974
  • Apr 7, 2014 11:24am Apr 7, 2014 11:24am
Quoting khanhtrinhmd
{quote} {quote} Exit this trade on AUDUSD because strong pullback. But, I'm still believes it can fall down because of bearish divergence. {image}
Yeah looks like it starting to tank now. I have never been more frustrated in life then when trading NZD & AUD pairs.
MAY THE PIPS BE WITH YOU!
  • #34,975
  • Apr 7, 2014 11:29am Apr 7, 2014 11:29am
Quoting as33156
{quote} Thanks Hostwey, So at the beginning of 2nd blue you would have entered? or 3rd to make sure the crossed finished to confirm entry without worrying about it repainting?
Yes the second candle, but its easy to say that now! Its only ever on the balance of probabilities.
  • #34,976
  • Apr 7, 2014 11:39am Apr 7, 2014 11:39am
Second trade after EURAUD loss, so far so good in CADCHF buy after doing a weekend analysis. Bought at 80.95 targeting 81.20 (fingers crossed)
Attached Image (click to enlarge)
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Raza
  • #34,977
  • Apr 7, 2014 11:47am Apr 7, 2014 11:47am
Quoting vtayha
{quote} what a character! you simply don't have all the answers to my simple questions and making such lame excuses about being private information. it is about risk management and money management in general. thank you anyway for taking your precious time to post such reply.
Vtayha,

Just one question why Bizzle needs to prove anything to you?
  • #34,978
  • Apr 7, 2014 12:03pm Apr 7, 2014 12:03pm
Quoting shr5
Second trade after EURAUD loss, so far so good in CADCHF buy after doing a weekend analysis. Bought at 80.95 targeting 81.20 (fingers crossed){image}
wish you green pips. Thought you long E/A. silly me
the cautious seldom err....C
  • #34,979
  • Apr 7, 2014 1:03pm Apr 7, 2014 1:03pm
Quoting Bizzzle
Wow I go away from the thread and return to a lot of PM telling me to not pay attentions to some people with big Ego's. Look I said, for one month I will trade the same as page 1 on the 4 hour chart, which I am doing and making great pips! On page one Big E doesn't mention anything about risk or MM... so why should I? Everyone can trade this way and choose there own risk or MM. I am a professional trader and trade for a living and have multiple account, I don't have to prove anything to anyone. I said many times this is a trial to see the outcome,...
Hi
Really like your posts. Being in the uk what time do you enter and exit your trades like big e did? Thanks, also sl of 50?
  • #34,980
  • Apr 7, 2014 1:05pm Apr 7, 2014 1:05pm
Quoting Direwolf
Excellent tip lasting well, thank you.
I second that
.... laughing all the way to the bank
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