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Trading Made Simple

  • #36,661
  • Apr 23, 2014 8:50am Apr 23, 2014 8:50am
Quoting lastingwell
3 trades just on EN over the last couple of days. +65, +24 both exited manually at the same time. London closed and it started moving back up without hitting the TP so I took them out. Today's trade, +95, set TP at the 4hr trendline. {image}
Impressive trading!

PHX62-esque!
  • #36,662
  • Apr 23, 2014 8:53am Apr 23, 2014 8:53am
Quoting irishtoffy
{quote} Impressive trading! PHX62-esque!
Except I have to wear training wheels - my h4 tdi
  • #36,663
  • Apr 23, 2014 9:24am Apr 23, 2014 9:24am
Quoting jimi
{quote} IMHO Genesis Matrix Trading thread was closed because this system doesn't work anymore maybe due to structural changes of forex market? i don't know
I do real trading successfully using genesis... I should thank realjumper and other member who supported to make the genesis system..
gEt BusY LiVinG oR Get bUsy dyIng
  • #36,664
  • Apr 23, 2014 10:01am Apr 23, 2014 10:01am
Quoting asithaya
{quote} I do real trading successfully using genesis... I should thank realjumper and other member who supported to make the genesis system..
As Hunter wrote a couple of posts back, http://www.forexfactory.com/showthre...59#post7423159 this is not the thread for this conversation.
  • #36,665
  • Apr 23, 2014 10:03am Apr 23, 2014 10:03am
Quoting Bizzzle
So glad to see everyone on the thread making pips well done to you all and lot more to come
Well come back Bizzzlehope you could help us neweebies in this bus.
  • #36,666
  • Apr 23, 2014 10:08am Apr 23, 2014 10:08am
Quoting lastingwell
{quote}As Hunter wrote a couple of posts back, http://www.forexfactory.com/showthre...59#post7423159 this is not the thread for this conversation.

extremely sorry for that
gEt BusY LiVinG oR Get bUsy dyIng
  • #36,667
  • Apr 23, 2014 10:15am Apr 23, 2014 10:15am
GBPCHF 4-hour sell came within 4 pips of target. Still holding trade open as I like what I see. Currently up around 60.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_22 Apr. 23 08.04.jpg Size: 52 KB
  • #36,668
  • Apr 23, 2014 10:35am Apr 23, 2014 10:35am
Could I ask an advice? Is that provide a valid entry? It seems. However, I made lots of mistakes and can't decide well.

http://i.imgur.com/OtuXK6Q.png

And also there is audchf

http://i.imgur.com/TDgKWtE.png
  • #36,669
  • Apr 23, 2014 11:14am Apr 23, 2014 11:14am
Quoting GilR
Another thing I noticed on my failed Daily trades today on AUDCAD and EURNZD. I took at the TDI cross at the open of the bar, whereas I have much greater success taking the cross at the close of the bar! Gues what I will be doing from now on on D trades?
How many pips loss did you take? When did you exit and why?
  • #36,670
  • Apr 23, 2014 11:45am Apr 23, 2014 11:45am
Quoting BaPops
GBPCHF 4-hour sell came within 4 pips of target. Still holding trade open as I like what I see. Currently up around 60. {image}
Hi,
May I ask what your reason for entering that trade was?
Apposed to the previous 3 red candles sets

Kind Regards,
  • #36,671
  • Apr 23, 2014 12:01pm Apr 23, 2014 12:01pm
Hello... Love the system!

What do you think? Possible entry soon on EUR/USD on H4?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.jpg Size: 317 KB
  • #36,672
  • Apr 23, 2014 12:09pm Apr 23, 2014 12:09pm
Quoting flinx
{quote} Hi, May I ask what your reason for entering that trade was? Apposed to the previous 3 red candles sets Kind Regards,
PA honored 1.4900 BRN and TDI gave a solid Sell signal.
  • #36,673
  • Apr 23, 2014 12:23pm Apr 23, 2014 12:23pm
Quoting MoneyTalks58
Could I ask an advice? Is that provide a valid entry? It seems. However, I made lots of mistakes and can't decide well. {image} And also there is audchf {image}
UC trade on 3rd candle I would not take it. Next chart green below yellow sentiment line. I would take it. You can trade this method conservatively or risk a little. E did say the original method of TDI was a little conservative for him and some good trades were being missed. I agree with him.
  • #36,674
  • Apr 23, 2014 1:04pm Apr 23, 2014 1:04pm
Hi,
Could someone please tell me if this is a valid signal to sell? If so/not, why?

Attached Image (click to enlarge)
Click to Enlarge Name: image1.png Size: 50 KB


As a newbie any help would be appreciated
  • #36,675
  • Apr 23, 2014 2:32pm Apr 23, 2014 2:32pm
Quoting flinx
Hi, Could someone please tell me if this is a valid signal to sell? If so/not, why? {image} As a newbie any help would be appreciated
Flinx,

Yes this looks like a valid signal according to TMS rules, green TDI heading towards 5 O'Clock and Stochs leaving overbought area. Personally, I would be wanting to see the current candle that you highlighted close red and then enter on the following candle but this is a more conservative entry and not for everyone.

Also, pay close attention to the last three movements that price made down. Each one went for 3-5 candles whereas the long rallies are lasting much longer. I would not be expecting price to drop much here.

Hope this helps.
Focus on the process and the profits will follow
  • #36,676
  • Apr 23, 2014 2:33pm Apr 23, 2014 2:33pm
It's a shame about the way the candle is closing on EUR/USD D1 other wise it would have been a good setup.
Attached Image (click to enlarge)
Click to Enlarge Name: 23rd Apr 14 EUR:USD D1 Chart.png Size: 136 KB
  • #36,677
  • Apr 23, 2014 2:46pm Apr 23, 2014 2:46pm
I entered that. I also think GBP is stronger than USD fundementally.

http://i.imgur.com/LkuHUha.png
  • #36,678
  • Apr 23, 2014 2:47pm Apr 23, 2014 2:47pm
Quoting MoneyTalks58
Could I ask an advice? Is that provide a valid entry? It seems. However, I made lots of mistakes and can't decide well. {image} And also there is audchf {image}
MoneyTalks,

USDCHF: The chart you showed is now displaying its third blue candle. According to TMS rules, we enter on candle 1 or 2 since HA candles tend to run in one direction for an average of 3-8 candles at a time. By entering within the first 2 candles we stack the odds in our favour.

AUDCHF: This looks like a good setup with Stochs leaving oversold area and the second blue candle showing momentum (large body and no lower wick.)

If you're making a lot of mistakes and are not sure when it comes to recognising valid setups, it is worth spending some time looking at the training charts Big E shared with us. I attached two documents containing all of these charts in post 35,232.

Hope this helps
Focus on the process and the profits will follow
  • #36,679
  • Apr 23, 2014 2:53pm Apr 23, 2014 2:53pm
Quoting Ballistical
{quote} Flinx, Yes this looks like a valid signal according to TMS rules, green TDI heading towards 5 O'Clock and Stochs leaving overbought area. Personally, I would be wanting to see the current candle that you highlighted close red and then enter on the following candle but this is a more conservative entry and not for everyone. Also, pay close attention to the last three movements that price made down. Each one went for 3-5 candles whereas the long rallies are lasting much longer. I would not be expecting price to drop much here. Hope this helps....
Thank you very much for the analysis, I'm sure many greatly appreciate the help.

I shall see what happens with these and post charts back for anyone interested.
  • #36,680
  • Apr 23, 2014 2:57pm Apr 23, 2014 2:57pm
GBP/USD D1 is signalling a short at the moment but I'm wary of taking it, I know the market is hitting monthly resistance but I've got a feeling there's more movement north to come.

If it does start to run down I'll look for a bounce trade to go short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 23rd Apr 14 GBP:USD MN Chart.png Size: 118 KB
Click to Enlarge Name: 23rd Apr 14 GBP:USD D1 Chart.png Size: 156 KB
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