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Trading Made Simple

  • #38,661
  • Edited 12:36am Jun 23, 2014 12:26am | Edited 12:36am
NZDUSD h1 testing recent high, moved stop to BE
Attached Image


GBPAUD entering h4, first Big E's candle. Counter trend but Yellow is starting to turn down. Hopefully Carney will pull GBP in my favor tomorrow.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #38,662
  • Jun 23, 2014 12:45am Jun 23, 2014 12:45am
Quoting mighty-thor
where is the difference??? can someone help me to understand? thaks to all, bye {image}
Was your entry at the vertical dots? In that case, your second entry was taken very late Friday, at the end of the week where others are closing their positions to take profit so they don't have to hold positions over the weekend. Not a very reliable candle to enter.

TDI is still below red/yellow however so there's still chance it may work.
Everything you can imagine, is real - Pablo Picasso
  • #38,663
  • Jun 23, 2014 12:56am Jun 23, 2014 12:56am
Quoting jmn5611
{quote} Some food for thought. http://www.forexfactory.com/showthre...52#post4601752 I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas... The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry... I don't care what the red TDI line is doing. Did Stoch's confirm the TDI signal between the 20-80 lines...? The 12-2 and 4-6 is for...
I rest my case!!
  • #38,664
  • Jun 23, 2014 2:50am Jun 23, 2014 2:50am
Quoting Direwolf
NZDUSD h1 testing recent high, moved stop to BE {image} GBPAUD entering h4, first Big E's candle. Counter trend but Yellow is starting to turn down. Hopefully Carney will pull GBP in my favor tomorrow. {image}
Wolf, I see some resistence where you entered on G/Aud
the cautious seldom err....C
  • #38,665
  • Jun 23, 2014 2:58am Jun 23, 2014 2:58am
took a short with this pair as the previous low on the 17th was tested and rejected risking 20 for 100. E/U trades looking good but underwater with G/y
Attached Image (click to enlarge)
Click to Enlarge Name: audcadh1.png Size: 55 KB
the cautious seldom err....C
  • #38,666
  • Jun 23, 2014 3:31am Jun 23, 2014 3:31am
Enter short on GBP/JPY. Will see what it brings.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh1.png Size: 37 KB
  • #38,667
  • Jun 23, 2014 3:45am Jun 23, 2014 3:45am
Quoting dforant1
{quote} I rest my case!!
I was just hoping that some traders who are struggling would remember what Big E said, fix their timeframes, fix their charts, and trade during the prescribed times so they can start making some money.
If you are good at something, never do it for free--Joker
  • #38,668
  • Jun 23, 2014 3:47am Jun 23, 2014 3:47am
Of recent,the market has been less volatile. In a day,there a little or no reasonable movements. What could be the cause?
  • #38,669
  • Jun 23, 2014 4:10am Jun 23, 2014 4:10am
Quoting Waves1000
Of recent,the market has been less volatile. In a day,there a little or no reasonable movements. What could be the cause?


Holiday season!


POSSIBILITIES ARE INFINITE, YOU CAN ACCOMPLISH ANYTHING!
  • #38,670
  • Jun 23, 2014 4:11am Jun 23, 2014 4:11am
starting off with -50 on G/Y. Hope to recover by e.o.d
the cautious seldom err....C
  • #38,671
  • Jun 23, 2014 4:18am Jun 23, 2014 4:18am
Quoting jmn5611
{quote} If you look back at the posts from Big E he will tell that he is trading H4 at 10pm, 2am, and 6am PDT. That equates to 6am, 10am and 2pm in London. So lastingwell is right on this point. You are currently trading one bar late.
I see that now , I had in my mind that it was recommended only to trade after London open
Thank you for your advice .
  • #38,672
  • Jun 23, 2014 4:37am Jun 23, 2014 4:37am
Quoting Waves1000
Of recent,the market has been less volatile. In a day,there a little or no reasonable movements. What could be the cause?
Waves, this is a money management issue. What do you consider a reasonable movement?
If you are good at something, never do it for free--Joker
  • #38,673
  • Jun 23, 2014 4:42am Jun 23, 2014 4:42am
Quoting jmn5611
{quote} Waves, this is a money management issue. What do you consider a reasonable movement?
Sometime in January and even February,making 100 pips in a single 4H chart was common but it's not so these days.
  • #38,674
  • Jun 23, 2014 4:47am Jun 23, 2014 4:47am
Quoting TheScorpS
{quote} Thanks for good post and truly is trading needs understanding, needs to do what you do and keep doing it even tho if it dosent show what you are looking for, it takes time, theres no shortcut, no get rich scheme one or the other day, you will have to keep trying the same, in doing the the same you start discovering things that wont be availabe if you do things differently over and over again, we need reputation to the point of being bored of doing what we do, then I think out of this we might start to get to where TMS traders want to be...
There is another way.

You can actually take some trades on a live account. Use a lot size that is small relative to your capital. I use one penny per 1k. But, I trade 70 pairs. Doing it this way will let you get a feel for spreads, slippage, DD.....all kind of things.

After a period of time you will be making pips consistently, then just go from one penny to two pennies. Then from two pennies to four pennies, and so on.

Treat this business like a business.
If you are good at something, never do it for free--Joker
  • #38,675
  • Jun 23, 2014 5:03am Jun 23, 2014 5:03am
only TDI, soooo simple
Attached Image
  • #38,676
  • Jun 23, 2014 5:25am Jun 23, 2014 5:25am
on going trades
NZDUSD h1, +22. Moved stop to +12
GBPAUD h4, +25. Stop still -60
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-23_1724.png Size: 18 KB


New trades an hour ago. EJ short +3, Gold short +3
Everything you can imagine, is real - Pablo Picasso
  • #38,677
  • Jun 23, 2014 5:29am Jun 23, 2014 5:29am
Quoting dforant1
only TDI, soooo simple {image}
What pair is this?
  • #38,678
  • Jun 23, 2014 5:33am Jun 23, 2014 5:33am
Quoting dforant1
only TDI, soooo simple {image}
If you are good at something, never do it for free--Joker
  • #38,679
  • Jun 23, 2014 6:50am Jun 23, 2014 6:50am
Quoting jmn5611
{quote}
Basket of trades closed for 109 pip profit. Keep it simple. TMS--Big E style.
If you are good at something, never do it for free--Joker
  • #38,680
  • Jun 23, 2014 7:02am Jun 23, 2014 7:02am
Quoting Waves1000
{quote} What pair is this?
GU, H1, half asleep when I cut the pic, sorry.
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