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Trading Made Simple

  • #39,741
  • Jul 10, 2014 6:07am Jul 10, 2014 6:07am
Only 14 pips , but as my old Granny used to say ''little fish are sweet ''
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Going to play golf , now ( I only seem to like difficult things !! )
  • #39,742
  • Jul 10, 2014 6:13am Jul 10, 2014 6:13am
Quoting robuk
{quote} Yes , and I printed off the patterns and have 'em pinned on the wall ,so I can learn to see at a glance as they appear I like to get one on H4 , and then trade for small profits within the pattern 'cos I'm not good enough yet to stay in the trades , maybe some day I will be, I hope . I read about the order flow but must admit I didn't really get it . I will have to look at it again . Do you know of any other site where I could study it.? I did post a couple of charts with gartley patterns , but it upset a few people as its not strictly TMS...
Yeah right we cant post in here some patterns so I do that at Mr.pip thread , I hang these animals too at my wall and actually everywhere but what I consider most are ABCD and order flow, order flow is hard I even still didnt get the hang of it

Example today EJ I was looking for long but order flow proved me wrong, and it sink to the bottom so obviously if you look deeper on h4 I saw why the flow was to down side, its was a typical 61.8 fibs retracemnt on H4
I Have Learned to Take Some Losses to Make Profits
  • #39,743
  • Jul 10, 2014 6:15am Jul 10, 2014 6:15am
Quoting robuk
{quote} Do you know of any other site where I could study it.? I did post a couple of charts with gartley patterns , but it upset a few people as its not strictly TMS , so I stopped , -- but I just see it as a better way to see S/R
Do a Google for Jason Stapleton, he's got a heap of videos on Youtube.
Per Ardua Ad Astra - Through Adversity To The Stars
  • #39,744
  • Jul 10, 2014 6:17am Jul 10, 2014 6:17am
Quoting TheScorpS
{quote} Nice to hear that, is the webinar available anywhere For Mr.pip here you go http://www.forexfactory.com/showthread.php?t=402253 he is going to do I think order Flow webinar soon, so you can join too
I don't think the webinar is available now. Compassfx have my email and sent me a link to when it was starting. I don't know if they recorded it. You could email Kim at compassfx and ask if a recording is available. Although compass is US based I do remember that the guy who presented was Scottish and London based and I believe does run a trade room for compassfx devoted to order flows and liquidity level. There was a pitch at the end of the webinar and it was pricey, about $3000 if I recall.
  • #39,745
  • Jul 10, 2014 7:29am Jul 10, 2014 7:29am
Quoting Flipper58
{quote} Do a Google for Jason Stapleton, he's got a heap of videos on Youtube.
Thanks very much, will look later , off to golf right now -- I got 55 pips today , a record for me , don't want to do any more trades and spoil things
  • #39,746
  • Jul 10, 2014 7:31am Jul 10, 2014 7:31am
Quoting TheScorpS
{quote} Yeah right we cant post in here some patterns so I do that at Mr.pip thread , I hang these animals too at my wall and actually everywhere but what I consider most are ABCD and order flow, order flow is hard I even still didnt get the hang of it Example today EJ I was looking for long but order flow proved me wrong, and it sink to the bottom so obviously if you look deeper on h4 I saw why the flow was to down side, its was a typical 61.8 fibs retracemnt on H4
Hmm.... Need to get my head around that then .
  • #39,747
  • Jul 10, 2014 8:38am Jul 10, 2014 8:38am
Quoting itsallover
{quote} 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. {file}

Hello itsallover,

Thank you very much. That explains & helps a lot however is there any way I could see up to 5 decimal places? I tried modifying it but it will not let me view the code. I can still see those white lines though so it is not a big issue. Just wondering. Thank you once again.
  • #39,748
  • Jul 10, 2014 8:45am Jul 10, 2014 8:45am
jumped onto this long few mins ago. E/A already locked in at b/e+
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the cautious seldom err....C
  • #39,749
  • Jul 10, 2014 8:55am Jul 10, 2014 8:55am
Quoting jagpalsingh
{quote} Hi mate what's the reason u took that trade. I copied u on a trade account and are making pips but I cannot tell why it's diff to any other setup I have taken and lost lol. Could u explain and mark up ur chart on why u took it
Glad to be of assistance. Mind you, not all trades win.
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If you are good at something, never do it for free--Joker
  • #39,750
  • Jul 10, 2014 9:25am Jul 10, 2014 9:25am
Quoting Kahn88
{quote} Hello itsallover, Thank you very much. That explains & helps a lot however is there any way I could see up to 5 decimal places? I tried modifying it but it will not let me view the code. I can still see those white lines though so it is not a big issue. Just wondering. Thank you once again.
Try this ....
Attached File(s)
File Type: ex4 xADR_0.2.ex4   6 KB | 484 downloads
.... laughing all the way to the bank
  • #39,751
  • Jul 10, 2014 9:55am Jul 10, 2014 9:55am
Price Action repeats its self over and over

Look at this pic I saved a while ago, and compare that to this trade I took on AUD/USD H1
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I Have Learned to Take Some Losses to Make Profits
  • #39,752
  • Jul 10, 2014 10:00am Jul 10, 2014 10:00am
got out with some green pips
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the cautious seldom err....C
  • #39,753
  • Jul 10, 2014 10:03am Jul 10, 2014 10:03am
looking good on this pair. At b/e+
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the cautious seldom err....C
  • #39,754
  • Jul 10, 2014 10:13am Jul 10, 2014 10:13am
Quoting TheScorpS
Price Action repeats its self over and over Look at this pic I saved a while ago, and compare that to this trade I took on AUD/USD H1 {image} {image}
Scorps, your entry on A/U looks similar to mine. From what I gather (and trying to read your mind) you can trade w/o TDI. Just use pa. Well done ,mate
the cautious seldom err....C
  • #39,755
  • Jul 10, 2014 10:17am Jul 10, 2014 10:17am
here's mine
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the cautious seldom err....C
  • #39,756
  • Jul 10, 2014 10:39am Jul 10, 2014 10:39am
Quoting pips29
{quote} Scorps, your entry on A/U looks similar to mine. From what I gather (and trying to read your mind) you can trade w/o TDI. Just use pa. Well done ,mate
This trade was pure naked chart trade with harmonic , if you look up H4 , order flow is upside if we measure the impulse leg on the previous uptrend, since PA failed to break the 61.8 and 78.6 on the fibs levels, I was ready to go long from this level, but waiting to trade that with TDI is good too

Still trying to learn supply demand, support resistance and PA as general, but most likely I trade based on harmonic moves ie ABCD

So in this AUD case am looking for 50 pips tp for a completion on ABCD pattern

The above is the same as your last trade on EA , pure harmonic move where 61.8 - 78.6 fibs hold pa and a projection into the PRZ zone where you took your short, well done on all those nice trades u are taking

I am learning a lot from your chart, on daily basis, pls keep them coming and hang with us in the thread
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #39,757
  • Jul 10, 2014 11:02am Jul 10, 2014 11:02am
Quoting TheScorpS
{quote} This trade was pure naked chart trade with harmonic , if you look up H4 , order flow is upside if we measure the impulse leg on the previous uptrend, since PA failed to break the 61.8 and 78.6 on the fibs levels, I was ready to go long from this level, but waiting to trade that with TDI is good too Still trying to learn supply demand, support resistance and PA as general, but most likely I trade based on harmonic moves ie ABCD So in this AUD case am looking for 50 pips tp for a completion on ABCD pattern The above is the same as your last...
don't know much about harmonics as I can't think well now (must be an age thing). I actually had drawn a tl on H4 and took the long. As far as I know about fibs. is the 78.6 will be last S/R and if broken, means a reversal .Looking at your chart, the TP could be much higher, at D. Am I right?
the cautious seldom err....C
  • #39,758
  • Jul 10, 2014 11:17am Jul 10, 2014 11:17am
Quoting pips29
{quote} don't know much about harmonics as I can't think well now (must be an age thing). I actually had drawn a tl on H4 and took the long. As far as I know about fibs. is the 78.6 will be last S/R and if broken, means a reversal .Looking at your chart, the TP could be much higher, at D. Am I right?
Most likely yes, for TP u can go really high, but when a structure is broken to 78.6, we have another minor level at 88.6 so can turn things from there, else order flow is still bearish on AUD/USD and for the completion of the previous impulse leg, the profit taking TP can be awarding, for the time being the order flow is bullish

Never mind , lets get back to basic TMS , thanks again
I Have Learned to Take Some Losses to Make Profits
  • #39,759
  • Jul 10, 2014 12:50pm Jul 10, 2014 12:50pm
Quoting stevepatt
I've entered USD/JPY and EUR/JPY D1 short trades. I only trade with 0.25% risk because at times I can be in up to four trades at a time. By doing this I feel more comfortable how many of us are ready to accept a losing streak of 20 trades in a row at 1% risk thats 20% draw down at 0.25% it's 5% draw down it's far better to grow an account slowly than run the risk of a margin call. This is only my opinion, what I'm comfortable with, it's taken a while, for me, to realise that growing my account slowly will keep me trading for the long run. {image}...

These two trades have both hit their TPs of 1R each or 130 pips, which means nothing, or 0.5% gain on my account.

What sort of R returns or % of account returns are others making using TMS?

I also entered AUD/USD long yesterday which is hanging in there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10th July 14 USD:JPY D1 Chart.png Size: 139 KB
Click to Enlarge Name: 10th July 14 EUR:JPY D1 Chart.png Size: 132 KB
Click to Enlarge Name: 10th July 14 AUD:USD D1 Chart.png Size: 144 KB
  • #39,760
  • Jul 10, 2014 12:55pm Jul 10, 2014 12:55pm
Quoting stevepatt
{quote} These two trades have both hit their TPs of 1R each or 130 pips.
What sort of rules are you using for TP?
Big E seemed to go by the rule of when the TDI levels/hooks to get out. You appear to be using a more S/R type target setting?
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