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Trading Made Simple

  • #39,681
  • Jul 9, 2014 12:45pm Jul 9, 2014 12:45pm
Quoting jmn5611
{quote} If you have actually read, then you would have your answers

lol... I hadn't thought of that
.... laughing all the way to the bank
  • #39,682
  • Jul 9, 2014 12:49pm Jul 9, 2014 12:49pm
USDCAD 1Hr Long

I'd actually entered on M15 . I got off my EU long when I realised USD was getting stronger against CAD. I've got a SL of 12 pips....
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh1.png Size: 33 KB
.... laughing all the way to the bank
  • #39,683
  • Jul 9, 2014 12:52pm Jul 9, 2014 12:52pm
Quoting jagpalsingh
{quote}{quote} Hi mate, just got a chance to get on the computer to have a go at drawing the lines I have attached the chart f G/U and drawn lines on it where there was a prevailing trend change. Just wanted to check if you think i drew it correctly. As the red candles didnt continue for a long time and they are against the main trend could of gone long on the 1st green candle after the red line would have been broken right? i only drew the lines for the green candles just to see if i did it correctly {image}
Good signals all, jag. Go and buy your wheelbarrow!
If you are good at something, never do it for free--Joker
  • #39,684
  • Jul 9, 2014 1:07pm Jul 9, 2014 1:07pm
Quoting pips29
{quote} well done mate, speedy and precise
Thanks Pips. I figured it would keep ranging FOMC till minutes so I played the range with a simple 1:1 RR, but was wrong.
Small disciplines repeated with consistency lead to great achievements.
  • #39,685
  • Jul 9, 2014 1:11pm Jul 9, 2014 1:11pm
Quoting jagpalsingh
{quote}{quote} Hi mate, just got a chance to get on the computer to have a go at drawing the lines I have attached the chart f G/U and drawn lines on it where there was a prevailing trend change. Just wanted to check if you think i drew it correctly. As the red candles didnt continue for a long time and they are against the main trend could of gone long on the 1st green candle after the red line would have been broken right? i only drew the lines for the green candles just to see if i did it correctly {image}
You aren't quite doing this right. What tanglewood was showing you was to draw a trendline on the retracements, to wait for a break above the trendline signifying a trend resumption.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 64 KB
Small disciplines repeated with consistency lead to great achievements.
  • #39,686
  • Jul 9, 2014 1:13pm Jul 9, 2014 1:13pm
Quoting itsallover
{quote} lol... I hadn't thought of that
If you are good at something, never do it for free--Joker
  • #39,687
  • Jul 9, 2014 1:14pm Jul 9, 2014 1:14pm
Quoting itsallover
USDCAD 1Hr Long I'd actually entered on M15 . I got off my EU long when I realised USD was getting stronger against CAD. I've got a SL of 12 pips.... {image}

...got off with a mere +2 pips.... don't like PA at all...
.... laughing all the way to the bank
  • #39,688
  • Jul 9, 2014 1:23pm Jul 9, 2014 1:23pm
Apologies for my second post. Do not mean to be a pain but can someone please help me understand why the trade below went wrong? How could I have avoided it? As per the rules green crossed red & the second blue candle looked fine (first one was a Doji though). I would appreciate your response as I am trying to learn this effective method. Thanks a lot in advance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD CHF at 10 am 2.jpg Size: 186 KB
Click to Enlarge Name: USD CHF at 10 am.jpg Size: 181 KB
  • #39,689
  • Jul 9, 2014 1:51pm Jul 9, 2014 1:51pm
Quoting Kahn88
Apologies for my second post. Do not mean to be a pain but can someone please help me understand why the trade below went wrong? How could I have avoided it? As per the rules green crossed red & the second blue candle looked fine (first one was a Doji though). I would appreciate your response as I am trying to learn this effective method. Thanks a lot in advance. {image} {image}
Hey Kahn,
I've had a look at this pair and can see that PA turned back once it had reached its ATR . This indie I've attached shows this up.
Attached File(s)
File Type: ex4 LFL-ATRprojections.ex4   6 KB | 391 downloads
.... laughing all the way to the bank
  • #39,690
  • Jul 9, 2014 2:02pm Jul 9, 2014 2:02pm
Quoting jmflukeiii
{quote} You aren't quite doing this right. What tanglewood was showing you was to draw a trendline on the retracements, to wait for a break above the trendline signifying a trend resumption. {image}
I think what I had done is drew the lines on the blues candles which were part of the trend. The retracement of the trend were the red candle dips so i was meant to draw across the tops of the red candle. I got you now! When drawing these lines you draw them on the candles that do not fit into the trend. If they continue going that direction it may mean the trend is changing but if it breaks that line it would mean its continuing its normal trend.


Come to think of it I think my losing trends is were i traded in retracements and got caught out I went against the trend rather than with the trend
Skype ID - jagpal.kooner1
  • #39,691
  • Jul 9, 2014 2:37pm Jul 9, 2014 2:37pm
Quoting Kahn88
Apologies for my second post. Do not mean to be a pain but can someone please help me understand why the trade below went wrong? How could I have avoided it? As per the rules green crossed red & the second blue candle looked fine (first one was a Doji though). I would appreciate your response as I am trying to learn this effective method. Thanks a lot in advance. {image} {image}
I got caught on that trade exactly the same as you , the candle repainted and my SL got hit -- it happens , I'm afraid , but not too often.
Don't be discouraged . Its just one of the bad ones .
I had 3 other trades using TMS , all had profit .
  • #39,692
  • Jul 9, 2014 2:43pm Jul 9, 2014 2:43pm
Quoting robuk
{quote} I got caught on that trade exactly the same as you , the candle repainted and my SL got hit -- it happens , I'm afraid , but not too often. Don't be discouraged . Its just one of the bad ones . I had 3 other trades using TMS , all had profit .

what trades you do today mate?

got the charts?
Skype ID - jagpal.kooner1
  • #39,693
  • Jul 9, 2014 3:31pm Jul 9, 2014 3:31pm
Quoting jagpalsingh
{quote} what trades you do today mate? got the charts?
There you go , the other one only got a couple of pips , got out too soon on
Attached Image (click to enlarge)
Click to Enlarge Name: ej today.png Size: 79 KB
Attached Image (click to enlarge)
Click to Enlarge Name: g c today.png Size: 72 KB
all , something I'm working on .
  • #39,694
  • Jul 9, 2014 3:50pm Jul 9, 2014 3:50pm
Quoting robuk
{quote} There you go , the other one only got a couple of pips , got out too soon on {image}{image}all , something I'm working on .

wow how do you read your charts they have so much on them lol
Skype ID - jagpal.kooner1
  • #39,695
  • Jul 9, 2014 3:53pm Jul 9, 2014 3:53pm
Does anyone have the full school of pipsology in PDF format which I can print off and read at work
Skype ID - jagpal.kooner1
  • #39,696
  • Jul 9, 2014 4:14pm Jul 9, 2014 4:14pm
Quoting jagpalsingh
{quote} I think what I had done is drew the lines on the blues candles which were part of the trend. The retracement of the trend were the red candle dips so i was meant to draw across the tops of the red candle. I got you now! When drawing these lines you draw them on the candles that do not fit into the trend. If they continue going that direction it may mean the trend is changing but if it breaks that line it would mean its continuing its normal trend. Come to think of it I think my losing trends is were i traded in retracements and got caught...
Hi Jag, you've got it now. That chart example jmflukeiii posted (post 39,695) was a great example of what I meant and obviously helped you see what I was getting at, it's true that a picture's worth a thousand words. Good luck with it if you try it.
  • #39,697
  • Jul 9, 2014 5:30pm Jul 9, 2014 5:30pm
Quoting Tanglewood
{quote} Hi Jag, you've got it now. That chart example jmflukeiii posted (post 39,695) was a great example of what I meant and obviously helped you see what I was getting at, it's true that a picture's worth a thousand words. Good luck with it if you try it.

Mate if you do coaching or anything like that message me I am looking for a mentor
Skype ID - jagpal.kooner1
  • #39,698
  • Jul 9, 2014 6:04pm Jul 9, 2014 6:04pm
Quoting jmflukeiii
{quote} You aren't quite doing this right. What tanglewood was showing you was to draw a trendline on the retracements, to wait for a break above the trendline signifying a trend resumption. {image}
Very clear example
  • #39,699
  • Jul 9, 2014 7:38pm Jul 9, 2014 7:38pm
I took this trade on EUR/USD not too long ago, lets see where it ends up. My last trade i took with USD/JPY i exited with a small profit. I was at work and i didn't notice until afterwards price had retraced quite a bit. I would have exited earlier when TDI signaled. Here is a chart of my trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-07-09 at 7.33.13 PM.png Size: 69 KB
  • #39,700
  • Jul 9, 2014 8:09pm Jul 9, 2014 8:09pm
Quoting itsallover
{quote} I just love it J. I could never give it up
Good to know you love tick volume, Kelly. I am also a volume friendly one.... although it's off-topic in this thread.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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