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Trading Made Simple

  • #38,601
  • Jun 20, 2014 10:12am Jun 20, 2014 10:12am
Quoting pips29
Shorted E/U on 15mtf Stop 30 pips. will short again at 1.3954 if price moves up. Target open {image}
Looking to short NZU again if I get a nice cross... has to be the last one
.... laughing all the way to the bank
  • #38,602
  • Jun 20, 2014 10:28am Jun 20, 2014 10:28am
For just 20 pips and I call it a day....

NZU M5 Short
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm5.png Size: 35 KB
.... laughing all the way to the bank
  • #38,603
  • Jun 20, 2014 10:42am Jun 20, 2014 10:42am
Quoting itsallover
For just 20 pips and I call it a day.... NZU M5 Short {image}
Thats me done at -2.

Not a good trading day and I took a few bad trades. Done till Monday.
.... laughing all the way to the bank
  • #38,604
  • Jun 20, 2014 11:04am Jun 20, 2014 11:04am
Quoting lastingwell
{quote}Why have you chosen usdchf to trade when it has such a low atr, just curious.
HAHA, Lastingwell, after asking this queston twice it finally sank in days later. I was trading USDCHF for a week of so. I switched to GU which has about 25 more pips range than UC. Gains now about a third more. I stopped checking ranges for some reason. A little risky. 5am would be better. Out early, stopped trading. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Chart.JPG Size: 156 KB
  • #38,605
  • Jun 20, 2014 11:53am Jun 20, 2014 11:53am
Quoting itsallover
{quote} Thats me done at -2. Not a good trading day and I took a few bad trades. Done till Monday.
The force is strong in this one!

Perfect the entries. Take only the best ones. Be patient.

My shoulder's in your pocket, speed dial #2.
If you are good at something, never do it for free--Joker
  • #38,606
  • Jun 20, 2014 11:59am Jun 20, 2014 11:59am
Yea def not a week for me too. Missed all the big moves, taking trades that went nowhere. All in all I'm back at BE for the week. Hope this weekend will freshen my brain

happy weekend all.
Everything you can imagine, is real - Pablo Picasso
  • #38,607
  • Jun 20, 2014 12:03pm Jun 20, 2014 12:03pm
Quoting jmn5611
{quote} The force is strong in this one! Perfect the entries. Take only the best ones. Be patient. My shoulder's in your pocket, speed dial #2.
Hey J
Missed you today... where've you been hiding?

Thanx for the thumbs up! I will be very selective from now on ...ok.. I'll try ...lol.. I feel the need for a strait jacket.... that way, when I see a trade .... by the time I've freed myself, the trade will be over...lol....
.... laughing all the way to the bank
  • #38,608
  • Jun 20, 2014 12:05pm Jun 20, 2014 12:05pm
Quoting Direwolf
Yea def not a week for me too. Missed all the bigood stuff moves, taking trades that went nowhere. All in all I'm back at BE for the week. Hope this weekend will freshen my brain happy weekend all.
Good stuff Direwolf. I'm still 200 pips in the hole.
.... laughing all the way to the bank
  • #38,609
  • Jun 20, 2014 12:13pm Jun 20, 2014 12:13pm
Quoting itsallover
{quote} Hey J Missed you today... where've you been hiding? Thanx for the thumbs up! I will be very selective from now on ...ok.. I'll try ...lol.. I feel the need for a strait jacket.... that way, when I see a trade .... by the time I've freed myself, the trade will be over...lol....
I had nothing new to add, you all have the signals down. Big E would be proud. No new indies, discussing the trades. It is a pleasure just watching.

The only thing I would add, or reiterate, is that M15 can be a bit stressful. Pan out to H1, ideally, H4.
If you are good at something, never do it for free--Joker
  • #38,610
  • Jun 20, 2014 12:55pm Jun 20, 2014 12:55pm
Quoting jmn5611
{quote} I had nothing new to add, you all have the signals down. Big E would be proud. No new indies, discussing the trades. It is a pleasure just watching. The only thing I would add, or reiterate, is that M15 can be a bit stressful. Pan out to H1, ideally, H4.
Next week I'll trade only H1 and H4 . Just had a quick look and the main moves are on these two timeframes. Thanx J
.... laughing all the way to the bank
  • #38,611
  • Jun 20, 2014 1:22pm Jun 20, 2014 1:22pm
I'm 120 pips down this week which is slightly less than last week

The only good thing I can say about my trading is that I've had the good sense to trade in very small amounts
I'm still losing money but not worrying amounts ,so at least I can 'stay in the game ' and hope I can improve as I learn more

I keep telling myself to ONLY TAKE AAA TRADES , but as Warren Buffet said ''there are some lessons you just have to keep on learning ''
So... Good Trades to Everybody next week !
  • #38,612
  • Jun 20, 2014 1:24pm Jun 20, 2014 1:24pm
Quoting itsallover
{quote} Next week I'll trade only H1 and H4 . Just had a quick look and the main moves are on these two timeframes. Thanx J
also watching less pairs, say 1 - 2 because the win loss ratio is easier to keep an eye on. Watching 6-9 pairs could lead one to pick more losers that look like winners because of where the pair is in the win loss ratio. Yes? No? One could pick 3 likely winners that in reality are losers, starting a week out on the wrong footing. How many times are there 3 signals from 9 choices. Which to take? All?
  • #38,613
  • Jun 20, 2014 1:25pm Jun 20, 2014 1:25pm
pending sell trigger. Stop at 20 pips away. Total for both trades 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 58 KB
the cautious seldom err....C
  • #38,614
  • Jun 20, 2014 1:30pm Jun 20, 2014 1:30pm
Quoting robuk
I'm 120 pips down this week which is slightly less than last week The only good thing I can say about my trading is that I've had the good sense to trade in very small amounts I'm still losing money but not worrying amounts ,so at least I can 'stay in the game ' and hope I can improve as I learn more I keep telling myself to ONLY TAKE AAA TRADES , but as Warren Buffet said ''there are some lessons you just have to keep on learning '' So... Good Trades to Everybody next week !
...bet your patterns would be awesome on H1 and H4 robuk
.... laughing all the way to the bank
  • #38,615
  • Jun 20, 2014 1:32pm Jun 20, 2014 1:32pm
Quoting dforant1
{quote} also watching less pairs, say 1 - 2 because the win loss ratio is easier to keep an eye on. Watching 6-9 pairs could lead one to pick more losers that look like winners because of where the pair is in the win loss ratio. Yes? No? One could pick 3 likely winners that in reality are losers, starting a week out on the wrong footing. How many times are there 3 signals from 9 choices. Which to take? All?

...good point dforant1
.... laughing all the way to the bank
  • #38,616
  • Jun 20, 2014 1:40pm Jun 20, 2014 1:40pm
Quoting pips29
pending sell trigger. Stop at 20 pips away. Total for both trades 50 pips {image}

...pipmonster
.... laughing all the way to the bank
  • #38,617
  • Jun 20, 2014 1:46pm Jun 20, 2014 1:46pm
Quoting itsallover
{quote} ...bet your patterns would be awesome on H1 and H4 robuk
That's something I've been thinking seriously about , but they do take a very long time to form on the higher time frames , so maybe there could be some coming to the boil in a couple of weeks

Also I'm a bit concerned that some may think they are not really TMS and I don't want to upset anybody , but I'm only trying to help and they are really just another way of showing S/R in a more pictorial , and sometimes predictive way

Edit
They are not my patterns , I'm only a beginner , the best known I think is the Gartley (From Mr Gartley in 1935 )
The others from Mr Pip (Ratios and Harmonics , Forex Factory )
  • #38,618
  • Jun 20, 2014 1:49pm Jun 20, 2014 1:49pm
gonna watch football now. will check in at 1/2 time
the cautious seldom err....C
  • #38,619
  • Jun 20, 2014 1:53pm Jun 20, 2014 1:53pm
Quoting robuk
{quote} That's something I've been thinking seriously about , but they do take a very long time to form on the higher time frames , so maybe there could be some coming to the boil in a couple of weeks Also I'm a bit concerned that some may think they are not really TMS and I don't want to upset anybody , but I'm only trying to help and they are really just another way of showing S/R in a more pictorial , and sometimes predictive way

... trade more pairs then .. if the patterns take a long time to form, it means the trade will have an enormous amount of pips
.... laughing all the way to the bank
  • #38,620
  • Jun 20, 2014 1:54pm Jun 20, 2014 1:54pm
I understand and I am trying to learn how to draw patterns myself but let's keep this thread clean
Everything you can imagine, is real - Pablo Picasso
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