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Trading Made Simple

  • #39,061
  • Jun 30, 2014 10:12am Jun 30, 2014 10:12am
Quoting lastingwell
{quote} Do you not take bounce trades at all?
Comparing bounces. I take pullbacks or a level green line back to the red line or away from the red line. Wait for bounce and enter upon next candle, usually 1st or 2nd candle. Don't see much on bounce trades. Do you agree? Anyone??
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  • #39,062
  • Jun 30, 2014 10:17am Jun 30, 2014 10:17am
GBPCAD 1Hr Short

3rd time lucky?

I couldn't resist this fib level
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.... laughing all the way to the bank
  • #39,063
  • Jun 30, 2014 10:17am Jun 30, 2014 10:17am
Quoting dforant1
{quote} Comparing bounces. I take pullbacks or a level green line back to the red line or away from the red line. Wait for bounce and enter upon next candle, usually 1st or 2nd candle. Don't see much on bounce trades. Do you agree? Anyone?? {image}
That has been my experience. I eliminated bounce trades because the bounces were not enough to be compelling to me for an entry. Crosses serve me better.
If you are good at something, never do it for free--Joker
  • #39,064
  • Jun 30, 2014 10:19am Jun 30, 2014 10:19am
Quoting itsallover
GBPCAD 1Hr Short 3rd time lucy? I couldn't resist this fib level
Give that trade some time to work. In other words, reduce size and take the hard stop off. Just my penny.
If you are good at something, never do it for free--Joker
  • #39,065
  • Jun 30, 2014 10:21am Jun 30, 2014 10:21am
Quoting itsallover
GBPCAD 1Hr Short 3rd time lucky? I couldn't resist this fib level {image}
And......

the HA candle is still blue. Just a small detail.
If you are good at something, never do it for free--Joker
  • #39,066
  • Jun 30, 2014 10:29am Jun 30, 2014 10:29am
Quoting likica
{quote} Hi Jag, For a shortcut, you will find good tips from reading a few latetest quotes from Lastingwell.

Hi. Is there a way I view all his posts in list order without going back and forth?
Skype ID - jagpal.kooner1
  • #39,067
  • Jun 30, 2014 10:36am Jun 30, 2014 10:36am
Quoting jmn5611
{quote} And...... the HA candle is still blue. Just a small detail.
ok thanx J

That fib level gave me a false sense of security....
.... laughing all the way to the bank
  • #39,068
  • Jun 30, 2014 10:41am Jun 30, 2014 10:41am
Quoting jagpalsingh
{quote} Hi. Is there a way I view all his posts in list order without going back and forth?
Lastingwell is a she. If you'd like to view her posts simply click on her avatar and view all her posts.
.... laughing all the way to the bank
  • #39,069
  • Jun 30, 2014 10:49am Jun 30, 2014 10:49am
Quoting jmn5611
{quote} That has been my experience. I eliminated bounce trades because the bounces were not enough to be compelling to me for an entry. Crosses serve me better.
I meant I don't see much posted on bounce trades. They can ad up to >25% of weekly pip total. And if one is using a level green line to get out this is a way of getting back in. Most hate to get out at level green, it can go either way. This is like a failsafe for getting out.
  • #39,070
  • Jun 30, 2014 11:02am Jun 30, 2014 11:02am
Quoting dforant1
{quote} I meant I don't see much posted on bounce trades. They can ad up to >25% of weekly pip total. And if one is using a level green line to get out this is a way of getting back in. Most hate to get out at level green, it can go either way. This is like a failsafe for getting out.
That's valuable information from someone who has the spirit of TMS, I will code an alert and start watching bounces. Thanks dforant1! Of all the veteran posters I respects yours the most. You and you alone have kept the letter and law of this thread as laid out by Big E.

No disrespect to others who wish to explore what Eric did not want you to explore.
If you are good at something, never do it for free--Joker
  • #39,071
  • Jun 30, 2014 11:03am Jun 30, 2014 11:03am
Quoting itsallover
{quote} Lastingwell is a she. If you'd like to view her posts simply click on her avatar and view all her posts.
Holy crap! Okay. I am a trading bigot. I am very sorry lastingwell!
If you are good at something, never do it for free--Joker
  • #39,072
  • Jun 30, 2014 11:04am Jun 30, 2014 11:04am
Quoting itsallover
{quote} ok thanx J That fib level gave me a false sense of security....
It's okay. You have to make these errors. Anyone who says they did not make these errors is a liar. We all did.

Carry on!
If you are good at something, never do it for free--Joker
  • #39,073
  • Jun 30, 2014 11:09am Jun 30, 2014 11:09am
Took 2 EA trades, one at the time of new candle formation after the bearish engulfing candle, the price I wanted to have, another trade was taken a little bit late so that trade was stopped out at BE, now this trade is still running and leaving it to see if TP is achieved
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I Have Learned to Take Some Losses to Make Profits
  • #39,074
  • Jun 30, 2014 11:14am Jun 30, 2014 11:14am
Quoting itsallover
GBPCAD 1Hr Short 3rd time lucky? I couldn't resist this fib level {image}
Fibs are powerful to use, in utilizing them with PA and TMS that's a lot of potential to get good trades and good gain, good luck , I use fibs all the time, one of my weapons in trading, but thats lots of details

Actually if you look at my last EA trade , its a completed AB=CD formation and then I sold the 161.8 fib extension
I Have Learned to Take Some Losses to Make Profits
  • #39,075
  • Jun 30, 2014 11:17am Jun 30, 2014 11:17am
Quoting TheScorpS
Took 2 EA trades, one at the time of new candle formation after the bearish engulfing candle, the price I wanted to have, another trade was taken a little bit late so that trade was stopped out at BE, now this trade is still running and leaving it to see if TP is achieved {image}
China data later on.GL
the cautious seldom err....C
  • #39,076
  • Jun 30, 2014 11:25am Jun 30, 2014 11:25am
Quoting pips29
{quote} China data later on.GL
Thanks for reminding me, news coming on the calender I see that and since the trade is in locked down, then I think will leave it to TP or stopped out , I will try to wake up before the news if possible to take a look
I Have Learned to Take Some Losses to Make Profits
  • #39,077
  • Jun 30, 2014 11:35am Jun 30, 2014 11:35am
Quoting TheScorpS
{quote} Fibs are powerful to use, in utilizing them with PA and TMS that's a lot of potential to get good trades and good gain, good luck , I use fibs all the time, one of my weapons in trading, but thats lots of details Actually if you look at my last EA trade , its a completed AB=CD formation and then I sold the 161.8 fib extension
I missed it. What does this post have to do with TMS?
If you are good at something, never do it for free--Joker
  • #39,078
  • Jun 30, 2014 11:36am Jun 30, 2014 11:36am
Quoting TheScorpS
{quote} Fibs are powerful to use, in utilizing them with PA and TMS that's a lot of potential to get good trades and good gain, good luck , I use fibs all the time, one of my weapons in trading, but thats lots of details Actually if you look at my last EA trade , its a completed AB=CD formation and then I sold the 161.8 fib extension
Thankyou TS I don't use fibs that much....they can be pretty accurate at times...
.... laughing all the way to the bank
  • #39,079
  • Jun 30, 2014 11:50am Jun 30, 2014 11:50am
Quoting jmn5611
{quote} I missed it. What does this post have to do with TMS?
I have been trading Fibs as long as am trading TMS , so I would definitely help others if they are interstated, sometime speaking about general trading ideas or pa dosent mean we are shifting away from TMS , and to me fibs are as powerful alone as TMS
I Have Learned to Take Some Losses to Make Profits
  • #39,080
  • Jun 30, 2014 12:41pm Jun 30, 2014 12:41pm
Quoting blamshakk
good bullish divergence on that as well, how did that work out {quote}
I made the mistake of looking at the one hour chart....based on that and according to TMS rules I exited prematurely for a very small gain. Had I just stuck with the 4hr chart I would still be in the trade for much much more than I made on that pair. Nevertheless this has been moving very slow and I don't mind getting out when that happens. I still have two other currency pairs that are doing very well. My GB/NZ trade has hit TP with first position and 2nd is now guaranteed profit with trailing stop.

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