Trading Made Simple | Page 1954 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #39,061
  • Jun 30, 2014 12:12pm Jun 30, 2014 12:12pm
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??
Attached Image (click to enlarge)
Click to Enlarge Name: examples.JPG Size: 114 KB
  • #39,062
  • Jun 30, 2014 12:17pm Jun 30, 2014 12:17pm
GBPCAD 1Hr Short

3rd time lucky?

I couldn't resist this fib level
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadh1.png Size: 40 KB
.... laughing all the way to the bank
  • #39,063
  • Jun 30, 2014 12:17pm Jun 30, 2014 12:17pm
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 12:19pm Jun 30, 2014 12:19pm
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 12:21pm Jun 30, 2014 12:21pm
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 12:29pm Jun 30, 2014 12:29pm
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 12:36pm Jun 30, 2014 12:36pm
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 12:41pm Jun 30, 2014 12:41pm
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 12:49pm Jun 30, 2014 12:49pm
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 1:02pm Jun 30, 2014 1:02pm
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 1:03pm Jun 30, 2014 1:03pm
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 1:04pm Jun 30, 2014 1:04pm
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 1:09pm Jun 30, 2014 1:09pm
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
Attached Image (click to enlarge)
Click to Enlarge Name: EA_First_Trade.jpg Size: 405 KB
I Have Learned to Take Some Losses to Make Profits
  • #39,074
  • Jun 30, 2014 1:14pm Jun 30, 2014 1:14pm
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 1:17pm Jun 30, 2014 1:17pm
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 1:25pm Jun 30, 2014 1:25pm
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 1:35pm Jun 30, 2014 1:35pm
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 1:36pm Jun 30, 2014 1:36pm
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 1:50pm Jun 30, 2014 1:50pm
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 2:41pm Jun 30, 2014 2:41pm
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.

Attached Image (click to enlarge)
Click to Enlarge Name: tms-gbnz-6-30-14.png Size: 58 KB
81 traders viewing now