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Trading Made Simple

  • #38,861
  • Jun 27, 2014 2:23am Jun 27, 2014 2:23am
Quoting itsallover
{quote} Did you take the short pips? I'm trying really hard not to go against the 4 Hr TDI... I have issues with this
Missed my sell limit by a few pips
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh4.png Size: 52 KB
the cautious seldom err....C
  • #38,862
  • Jun 27, 2014 2:24am Jun 27, 2014 2:24am
Quoting itsallover
NZDUSD 1 Hr Short {image}
One more thing. Get rid of that yellow line on your TDI. You want to get in right when the momentum pops. You losses will be less, and your gains more.
If you are good at something, never do it for free--Joker
  • #38,863
  • Jun 27, 2014 2:26am Jun 27, 2014 2:26am
Quoting itsallover
EURNZD 1 Hr Short ... I know ... wrong time of day ... I still live dangerously... {image}
Are you sure you took a short?
the cautious seldom err....C
  • #38,864
  • Jun 27, 2014 2:30am Jun 27, 2014 2:30am
Quoting pips29
{quote} Are you sure you took a short?
...my bad...it was a long
.... laughing all the way to the bank
  • #38,865
  • Jun 27, 2014 2:34am Jun 27, 2014 2:34am
Quoting jmn5611
{quote} One more thing. Get rid of that yellow line on your TDI. You want to get in right when the momentum pops. You losses will be less, and your gains more.

The yellow line, MBL, keeps me from taking just any old cross. I haven't yet learnt to trade like you do..... I'm sure when I do I can take trades confidently without the MBL
.... laughing all the way to the bank
  • #38,866
  • Jun 27, 2014 2:40am Jun 27, 2014 2:40am
Quoting jmn5611
{quote} One more thing. Get rid of that yellow line on your TDI. You want to get in right when the momentum pops. You losses will be less, and your gains more.
That is not good advice for a great many reasons. The MBL shows the overall sentiment of the market plus a whole host of other things.
Per Ardua Ad Astra - Through Adversity To The Stars
  • #38,867
  • Jun 27, 2014 2:45am Jun 27, 2014 2:45am
Quoting itsallover
EURNZD 1 Hr Long ... I know ... wrong time of day ... I still live dangerously... {image}
I see resistence just above even though TMS seems OK
the cautious seldom err....C
  • #38,868
  • Jun 27, 2014 2:48am Jun 27, 2014 2:48am
Quoting pips29
{quote} I see resistence just above even though TMS seems OK
Thanx my TP is at atr .... not very far to go
.... laughing all the way to the bank
  • #38,869
  • Edited 8:36am Jun 27, 2014 2:59am | Edited 8:36am
My ECad went against me. Manually closed or I close too early? Any feedback?

Trading based on 1H and 15m entry point. TMS fulfilled.
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  • #38,870
  • Jun 27, 2014 2:59am Jun 27, 2014 2:59am
Quoting Flipper58
{quote} That is not good advice for a great many reasons. The MBL shows the overall sentiment of the market plus a whole host of other things.
Eric did not use the MBL, for a great many reasons. If you are going to TMS, do it the right way.
If you are good at something, never do it for free--Joker
  • #38,871
  • Jun 27, 2014 3:00am Jun 27, 2014 3:00am
Quoting itsallover
{quote} The yellow line, MBL, keeps me from taking just any old cross. I haven't yet learnt to trade like you do..... I'm sure when I do I can take trades confidently without the MBL
It's not hard. Just select the crosses that meet the criterion. That is literally all you have to do.
If you are good at something, never do it for free--Joker
  • #38,872
  • Jun 27, 2014 3:03am Jun 27, 2014 3:03am
Quoting pastecopy
My EC went against me. Manually closed or I close too early? Any feedback? Trading based on 1H and 15m entry point. TMS fulfilled. {image}
I don't recognize your chart pastecopy, could you please tell me what indicators you have below price?
If you are good at something, never do it for free--Joker
  • #38,873
  • Jun 27, 2014 3:05am Jun 27, 2014 3:05am
Quoting jmn5611
{quote} I don't recognize your chart pastecopy, could you please tell me what indicators you have below price?
First is TDI, 2nd is stochastic. Sorry for using unconventional color.

Appreciate your feedback on this trade.
  • #38,874
  • Jun 27, 2014 3:10am Jun 27, 2014 3:10am
This is what a correct chart, and a correct signal, during the right time of day, looks like. Anything else is not TMS according to the rules Eric laid out.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchfh4.png Size: 44 KB
If you are good at something, never do it for free--Joker
  • #38,875
  • Jun 27, 2014 3:10am Jun 27, 2014 3:10am
Quoting jmn5611
{quote} It's not hard. Just select the crosses that meet the criterion. That is literally all you have to do.
Ok J
I'll put up a chart with some crosses that I think meet the criteria , but are failed trades and maybe you can give us some reasons why we should not have taken them .
.... laughing all the way to the bank
  • #38,876
  • Jun 27, 2014 3:15am Jun 27, 2014 3:15am
Quoting itsallover
{quote} Ok J I'll put up a chart with some crosses that I think meet the criteria , but are failed trades and maybe you can give us some reasons why we should not have taken them .
No failed trades this time. NZ showing weakness..... green pips to you
the cautious seldom err....C
  • #38,877
  • Jun 27, 2014 3:15am Jun 27, 2014 3:15am
Quoting pips29
{quote} I see resistence just above even though TMS seems OK
Closed both trades just a few pips shy of TP..... PA is stalling at a monthly pivot on EZ .....
.... laughing all the way to the bank
  • #38,878
  • Jun 27, 2014 3:15am Jun 27, 2014 3:15am
Quoting itsallover
{quote} Ok J I'll put up a chart with some crosses that I think meet the criteria , but are failed trades and maybe you can give us some reasons why we should not have taken them .
Okay, that is kewl. That is what will help traders I believe. Thank You!
If you are good at something, never do it for free--Joker
  • #38,879
  • Jun 27, 2014 3:17am Jun 27, 2014 3:17am
Quoting pips29
{quote} No failed trades this time. NZ showing weakness..... green pips to you

... knowing me... they'll be replaced by red ones in no time,,,lol
.... laughing all the way to the bank
  • #38,880
  • Jun 27, 2014 3:17am Jun 27, 2014 3:17am
Quoting pastecopy
{quote} First is TDI, 2nd is stochastic. Sorry for using unconventional color. Appreciate your feedback on this trade.
On trade one the stop was too tight. The stop needs to be on the last swing low. If that is too much risk, reduce your lot size.

The second trade was too late. You must enter at the beginning of candle one or two.
If you are good at something, never do it for free--Joker
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