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Trading Made Simple

  • #39,481
  • Jul 7, 2014 12:08pm Jul 7, 2014 12:08pm
Quoting jmflukeiii
{quote} So you have been trading 4H TDI crosses as prescribed in post 1? It'd be awesome to see some charts, before or after the fact, I don't care... I'm just trying to work into adding some "longer term" set-and-forgets and just very hesitant to put trades on and let them go, and it would be helpful to compare my reads with others that are doing the same.
Okay, when I post charts it will be on the trade bar. I take one trade every four hours that I am awake and near my computer. The last four hour cycle I closed some trades that I made earlier and saw no new trades. I will keep you posted.
If you are good at something, never do it for free--Joker
  • #39,482
  • Jul 7, 2014 12:21pm Jul 7, 2014 12:21pm
Quoting njokie
in this two trades {image} {image}
oops gdp/cad taken out on break even, eur/gbp still running hope it survives the night with my tight stop
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcadh4 7th 1.png Size: 34 KB
Click to Enlarge Name: eurgbph4 7th 1.png Size: 29 KB
thankyou gregwilson
  • #39,483
  • Jul 7, 2014 12:21pm Jul 7, 2014 12:21pm
Quoting likica
{quote} I think I can share your feeling of not staying consistently profit as I have been there done that too. I can share my humble experience as below: - no trade when stoc/ tds at o/b and o/sold areas. always check D1 before entering trades from H4, H1 ( create this habit save you lots of pips) - only enter trade with clear cross angles 12-2pm for buy, 4-6pm for sell. Well, if you go over Big E's rules a few times again (just pretend you are brand new), you will find out yoursef why you failed to stay consistently profit. take a look at my UCAD...

I only trade 1 hr chart ( audusd , eurjpy , gbpusd and eurusd)
i have small doubt .
As you mention to "avoid trades in OB and OS "
my question is Which trade should we take as if

case 1:
Stockhastic in overbought and I get a bullish (pure TMS 1hr)trade setup
Is it a valid trade ??
Mastering the Pair
  • #39,484
  • Jul 7, 2014 12:31pm Jul 7, 2014 12:31pm
Quoting jmn5611
{quote} Okay, when I post charts it will be on the trade bar. I take one trade every four hours that I am awake and near my computer. The last four hour cycle I closed some trades that I made earlier and saw no new trades. I will keep you posted.
Looking forward to seeing some charts and training materials!
  • #39,485
  • Jul 7, 2014 12:37pm Jul 7, 2014 12:37pm
GBP/USD - H4 Chart

Anyone taking this trade as long if the green crosses red on 2nd candle?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 236 KB
Skype ID - jagpal.kooner1
  • #39,486
  • Edited 1:29pm Jul 7, 2014 12:40pm | Edited 1:29pm
Quoting flinx
{quote} I've been following the thread for around 5 months now and still cannot stay consistently profitable. I'ts very frustrating as Big E makes you get excited and makes it look so easy, and then I seem to fail even though I do all things what seems right! Would appreciate more training materials posted if you could do it at all. Eg before and after trade, and showing what were the reasons for taking/not taking a trade. Regards,
Not all crosses are equal, it's far better to be going with the prevailing trend as indicated in the images below.

If you are going to be trading pull backs in the main trend make sure there's enough room before hitting support/resistance.

If there are multiple crosses happening at the same time be selective in your choice of trade. If there are multiple good setups happening at the same time look to reduce your exposure per trade.

In the USD/JPY image below the TDI might not have crossed but the angle is good and if there is a bearish close at the end of day it's a trade I will be taking
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7th July 14 GBP:JPY D1 Chart.png Size: 168 KB
Click to Enlarge Name: 7th July 14 GBP:USD D1 Chart.png Size: 152 KB
Click to Enlarge Name: 7th July 14 USD:JPY D1 Chart.png Size: 189 KB
  • #39,487
  • Jul 7, 2014 12:49pm Jul 7, 2014 12:49pm
Quoting stevepatt
{quote} Not all crosses are equal, it's far better to be going with the prevailing trend as indicated in the images below. If you are going to be trading pull backs in the main trend make sure there's enough room before hitting support/resistance. If there are multiple crosses happening at the same time be selective in your choice of trade. If there are multiple good setups happening at the same time look to reduce your exposure per trade. In the USD/JPY image below the TDI might not have crossed but the angle is good and if there is a bullish close...
This is fantastic, thank you.
This is exactly the type of material I find most helpful (Simple, no abbreviated names, and easy to read and follow)
I'm sure if it helps me it helps many more who are reading.

I will bare this in mind when considering future trades. Any other posts like this are more than welcome in the future!!
  • #39,488
  • Jul 7, 2014 1:00pm Jul 7, 2014 1:00pm
Quoting flinx
{quote} This is fantastic, thank you. This is exactly the type of material I find most helpful (Simple, no abbreviated names, and easy to read and follow) I'm sure if it helps me it helps many more who are reading. I will bare this in mind when considering future trades. Any other posts like this are more than welcome in the future!!
Hear , Hear !!
  • #39,489
  • Jul 7, 2014 1:14pm Jul 7, 2014 1:14pm
Stevepatt, with U/Y do you mean bearish close? I totally agree with G/U and G/Y
the cautious seldom err....C
  • #39,490
  • Jul 7, 2014 1:54pm Jul 7, 2014 1:54pm
Quoting Janfx
{quote} I only trade 1 hr chart ( audusd , eurjpy , gbpusd and eurusd) i have small doubt . As you mention to "avoid trades in OB and OS " my question is Which trade should we take as if case 1: Stockhastic in overbought and I get a bullish (pure TMS 1hr)trade setup Is it a valid trade ??
Hi Janfx,
As I mentioned earlier, look at D1 chart to see if TDS > 68 or Stoc>80, if there is a short signal on H1 chart, I would not get in yet as price might go higher and my short could be stopped out before it came down toward my profit target, and would not go long yet if either TDS<32 or stoc<20 on D1. Many of us would want to get in at top/bottom but we don't know if we are really at top/bottom until price makes new high/low.
Appreciation is the key to wealth and happiness
  • #39,491
  • Jul 7, 2014 2:44pm Jul 7, 2014 2:44pm
Hi guys

could you guys explain how to take a order on the open price of the candle?? Every time I place a order it's always taken the price when it closes
Skype ID - jagpal.kooner1
  • #39,492
  • Jul 7, 2014 2:52pm Jul 7, 2014 2:52pm
Quoting stevepatt
{quote} Not all crosses are equal, it's far better to be going with the prevailing trend as indicated in the images below. If you are going to be trading pull backs in the main trend make sure there's enough room before hitting support/resistance. If there are multiple crosses happening at the same time be selective in your choice of trade. If there are multiple good setups happening at the same time look to reduce your exposure per trade. In the USD/JPY image below the TDI might not have crossed but the angle is good and if there is a bearish close...
Excellent thanks a lot...Easy to read chart
Sad i'm not trying to understand PA
  • #39,493
  • Jul 7, 2014 4:39pm Jul 7, 2014 4:39pm
Quoting jmn5611
{quote} Okay, when I post charts it will be on the trade bar. I take one trade every four hours that I am awake and near my computer. The last four hour cycle I closed some trades that I made earlier and saw no new trades. I will keep you posted.
Hey awesome - thanks a lot. I'll try to get longer-TF charts in here as well as I start to practice a bit more on it.
Small disciplines repeated with consistency lead to great achievements.
  • #39,494
  • Jul 7, 2014 4:50pm Jul 7, 2014 4:50pm
Quoting jagpalsingh
Hi guys could you guys explain how to take a order on the open price of the candle?? Every time I place a order it's always taken the price when it closes
Not sure I understand what you mean by that?
  • #39,495
  • Jul 7, 2014 5:22pm Jul 7, 2014 5:22pm
can anyone suggest a trade manager?
  • #39,496
  • Jul 7, 2014 5:38pm Jul 7, 2014 5:38pm
EURAUD long
Attached Image (click to enlarge)
Click to Enlarge Name: Xbd14 EA.png Size: 41 KB
  • #39,497
  • Jul 7, 2014 5:41pm Jul 7, 2014 5:41pm
So guys, is the Stochastic still recommended to use for this method? I've tried it without, but it looks like it can help filter out trades.
  • #39,498
  • Jul 7, 2014 5:46pm Jul 7, 2014 5:46pm
Quoting Xbd14
EURAUD long {image}
Be careful, there are important news in AU in 3 hours.
  • #39,499
  • Jul 7, 2014 8:16pm Jul 7, 2014 8:16pm
Just started reading the thread Eelfranz
Read the 1st 36 pages so far Thanks for giving your time to others
1976 pages is quite a lot to read I have got the basics

I like the 4 hr trading method but I would like some confirmation if ok
I know the answer is in the thread but it is nice to hear you confirm what I think
1- What time does your first 4 hour candle open at London time that you enter trades if there are any? eg 8am London time
2- What is the last candle you check for possible entries? eg 4pm
3- Do you normally close out all trades at the open of the next candle after the last candle you check for possible entries?
4- Do I set stop loss to the previous 4h candle high or low? (I assume this will have an effect
on when to take trades and when to look else where)
5- Do you have a method/style of moving trades into break even or locking in profit if the trade
is going to plan?
Thanks for sharing with others, I will continue my read
  • #39,500
  • Jul 7, 2014 11:17pm Jul 7, 2014 11:17pm
i just got in UJ long on H1
Attached Image (click to enlarge)
Click to Enlarge Name: uj h1 tms buy tue 8.7.14.png Size: 129 KB
Appreciation is the key to wealth and happiness
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