Attachments: Trading Made Simple

Trading Made Simple

#39,081
Jun 30, 2014 3:14pm Jun 30, 2014 3:14pm

dforant1
| Joined Oct 2009 | Status: Trader | 464 Posts

Quoting pips29

Disliked

{quote} Nobody is going to learn anything if you don't post charts when you take trades. I am getting tired with ppl showing winning trades only

Ignored

Here's today losses. And a good gain gone bye bye while fiddling with something on my desk. Last week I was checking something on a demo and actually took a trade on it forgetting my whereabouts. Now I mark real and demo. In these strange hours of little life in this time zone weird stuff happens. Another lost gain. Nevertheless, I am still regardless of myself having fun drawing down monthly. 2 weeks ago left a live trade run unbeknownst to me for 7 hours. Turned out a gain. Thanks to TMS.

Done some stupid things let's hear about it.

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#39,082
Jun 30, 2014 3:31pm Jun 30, 2014 3:31pm

lastingwell
Joined Jan 2013 | Status: Trader | 1,657 Posts

Well I'm back again now and going through the trades that signalled today, both bounces and crosses, and quite simply amazed by the amount of pips I could have taken today on H4. Its obviously not going to be like that every day but wow, I just didn't realise and really its thanks to using the tdi that only updates on every candle, just like phx62 said....its only taken about 8 months to sink in so not too bad

Obviously speaking only for myself, the main reason being I think it saves ANY confusion whatsoever. I think if I watch the tdi moving around while the candle is forming like the realtime one does, it brings confusion into my mind, obviously it doesn't have that affect on everyone but it does on me.

I haven't taken any notice of support/resistance or the angle really as that can be pretty subjective so as long as it looked like it had an angle and wasn't just flat, I treated it as a trade I took no notice of the mbl either. Something like 300 pips with a couple of small losses, some very small wins and very big wins. I think the secret may be taking every currency you want to trade, because you never know which is actually going to move and which isn't.

#39,083
Jun 30, 2014 3:42pm Jun 30, 2014 3:42pm

lastingwell
Joined Jan 2013 | Status: Trader | 1,657 Posts

I should add really that its with H4 on its own that I've not been all that comfortable with, even with Bizzle trying to tell me I would time for a life

I think it must be because over 4 hours there is plenty of time to look at the candle forming and having it wiggling about was putting me off so I used to think should I come out etc etc. With the smaller timeframes there isn't really the time to sit and ponder

#39,084
Jun 30, 2014 4:03pm Jun 30, 2014 4:03pm

pips29
Joined Aug 2012 | Status: Trader | 18,665 Posts

Quoting dforant1

Disliked

{quote} Here's today losses. And a good gain gone bye bye while fiddling with something on my desk. Last week I was checking something on a demo and actually took a trade on it forgetting my whereabouts. Now I mark real and demo. In these strange hours of little life in this time zone weird stuff happens. Another lost gain. Nevertheless, I am still regardless of myself having fun drawing down monthly. 2 weeks ago left a live trade run unbeknownst to me for 7 hours. Turned out a gain. Thanks to TMS. Done some stupid things let's hear about it. {image}...

Ignored

This afternoon(my time), I was actually waiting for a H4 close (2pm) when it was already 2.45pm, like I was caught in a time warp

the cautious seldom err....C

#39,085
Jun 30, 2014 4:44pm Jun 30, 2014 4:44pm

jagpalsingh
| Commercial User | Joined Jun 2014 | 136 Posts

What's everyone doing l on H4 W1 charts for EURO/USD? Buying:selling?

Skype ID - jagpal.kooner1

#39,086
Jun 30, 2014 5:40pm Jun 30, 2014 5:40pm

dforant1
| Joined Oct 2009 | Status: Trader | 464 Posts

Quoting gcgman

Disliked

{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. {image}

Ignored

I thought the deal with the H4 candle was to not baby sit it. Go back to bed and 4 hours later take your medicine. You're going to angst over a 4 hour candle even more than a H1 if it isn't disregarded for the period. E said not to let a +25 pip lead wear to 0 but take a small profit and get out.

#39,087
Jun 30, 2014 6:10pm Jun 30, 2014 6:10pm

Bizzzle
| Additional Username | Joined Sep 2013 | 652 Posts

Quoting lastingwell

Disliked

I should add really that its with H4 on its own that I've not been all that comfortable with, even with Bizzle trying to tell me I would time for a life I think it must be because over 4 hours there is plenty of time to look at the candle forming and having it wiggling about was putting me off so I used to think should I come out etc etc. With the smaller timeframes there isn't really the time to sit and ponder

Ignored

Glad to here it lastingwell... sometimes it takes a while and then it just clicks!! I only check my candles every 4 hours so for me TDI doesn't really matter

You have made my day, keep up the great wrk

Give yourself a chance and trade it like it's layed out...

#39,088
Jun 30, 2014 9:49pm Jun 30, 2014 9:49pm

jmn5611
Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts

Quoting dforant1

Disliked

{quote} Here's today losses. And a good gain gone bye bye while fiddling with something on my desk. Last week I was checking something on a demo and actually took a trade on it forgetting my whereabouts. Now I mark real and demo. In these strange hours of little life in this time zone weird stuff happens. Another lost gain. Nevertheless, I am still regardless of myself having fun drawing down monthly. 2 weeks ago left a live trade run unbeknownst to me for 7 hours. Turned out a gain. Thanks to TMS. Done some stupid things let's hear about it. {image}...

Ignored

Ummm, yep, I can completely relate to this. My problem was that I had on too many trades. I now try to stick with Eric's admonition to close ALL trades at the designated time of day. I just closed a basket at the beginning of the week that got away from me at the start. I got bored and started trading Sonic R stuff! I made some TMS trades on Sunday and was able to recover. That was stoooopid. I promised myself not to do that again! So had three trades open today that I just closed out. My goal is to take one good trade at each four hour segment. But I am not going to have 10 -15 open positions anymore. Especially if they show correlation.

If you are good at something, never do it for free--Joker

#39,089
Jun 30, 2014 10:19pm Jun 30, 2014 10:19pm

irishtoffy
| Joined Apr 2013 | Status: Trader | 301 Posts

Quoting lastingwell

Disliked

Well I'm back again now and going through the trades that signalled today, both bounces and crosses, and quite simply amazed by the amount of pips I could have taken today on H4. Its obviously not going to be like that every day but wow, I just didn't realise and really its thanks to using the tdi that only updates on every candle, just like phx62 said....its only taken about 8 months to sink in so not too bad Obviously speaking only for myself, the main reason being I think it saves ANY confusion whatsoever. I think if I watch the tdi moving...

Ignored

Is that the TDI named 'Synergy TDI' Lastingwell?

Thanks

#39,090
Jul 1, 2014 12:03am Jul 1, 2014 12:03am

lastingwell
Joined Jan 2013 | Status: Trader | 1,657 Posts

Quoting irishtoffy

Disliked

{quote} Is that the TDI named 'Synergy TDI' Lastingwell? Thanks

Ignored

Its the one I've attached which phx62 uploaded before.

Yesterday I made sure not to refresh the charts at all with it on there and watched the open of the candle in realtime to make sure I had it right. The only difference though I noticed was if a candle opened and the tdi was flat, so I would have exited, after I refreshed later on in the evening it didn't look flat anymore it had an angle although not a good one so backtesting exits would be a bit difficult if you're exiting on a flat tdi but the entries were in the same place.

Attached File(s)

Traders_Dynamic_Index.ex4 6 KB | 365 downloads

#39,091
Jul 1, 2014 12:12am Jul 1, 2014 12:12am

lastingwell
Joined Jan 2013 | Status: Trader | 1,657 Posts

Quoting Bizzzle

Disliked

{quote} Glad to here it lastingwell... sometimes it takes a while and then it just clicks!! I only check my candles every 4 hours so for me TDI doesn't really matter You have made my day, keep up the great wrk

Ignored

Thanks Bizzle, I wish I was that disciplined but I couldn't keep away from the chart for 4 hours, perhaps I should take up golf

#39,092
Jul 1, 2014 1:27am Jul 1, 2014 1:27am

gcgman
| Joined Jun 2010 | Status: Trader | 48 Posts

Quoting dforant1

Disliked

{quote} I thought the deal with the H4 candle was to not baby sit it. Go back to bed and 4 hours later take your medicine. You're going to angst over a 4 hour candle even more than a H1 if it isn't disregarded for the period. E said not to let a +25 pip lead wear to 0 but take a small profit and get out.

Ignored

So true! I ignored Big E on several counts as far as when to enter and exit. Most of my trades I entered late and then didn't follow the rules for exit. Chalk it up to too much on my plate and not being near the computer at the appropriate times...the rest chalk up to not having my head screwed on straight from too much distraction. Normally I think I am more disciplined. The last 26 hours didn't go too bad. I only made my first target on two trades but, I was able to preserve capital and stop any from being losing trades....I was lucky. Had I been at my desk at the appropriate times I would have seen excellent opportunities for the EJ and GJ which I missed. Tonight I am too tired physically and mentally to do any more trading for a day or two. Here are all the trades I made. The first I lost a little because I accidentally clicked on the trade before I had formulated what I wanted to do so I quickly exited (even thought it would have been a successful trade). All entries were made using 4hr charts and all but, those previously mentioned were also exited using the 4hr charts.

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