Trading Made Simple the right way, and other trading lessons | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Trading Made Very Simple and Profitable instructions 33 replies

Money management in trading - the stupid way and the right way 22 replies

Simple Way is the most advance way... 11 replies

Right Wrong Right Wrong Right Wrong 13 replies

Attachments: Trading Made Simple the right way, and other trading lessons
Exit Attachments

Trading Made Simple the right way, and other trading lessons

  • #21
  • Jul 14, 2014 5:25am Jul 14, 2014 5:25am
Quoting jmn5611
{quote} Sweet! This is what we need. I need you to post charts on the candle where you take the trade if you can. Also tell readers where your stop loss is. Also, did you take this trade at the right time of day? If not, why not? All of this information is helpful. I have found that there are a lot of newbies around here, and they have to be spoon fed for awhile, so let's not confuse them in any way. Thanks for your input njokie!



ok i took the trade at 12.00 gmt+3 my broker posts new candles at 8am,12pm,16pm,20.00hrs and 0.00hrs every day
what do u mean by right time of the day?i tried checking on what big E meant with right time of day i cant get it with pacific time i have also tried using the converter cant quite get it when is the right time to trade
my stop loss was as shown 137.466
am happy to post charts and also learn more in the process
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4 14th e.png Size: 41 KB
thankyou gregwilson
  • #22
  • Jul 14, 2014 5:38am Jul 14, 2014 5:38am
ok i got big E recommended time to trade

Trade it during the first 1-3hrs of any session on the 1hr chart and 4hr chart during the London open.
for me its 12.00 and 16.00 4 hour candles with my broker
thankyou gregwilson
  • #23
  • Jul 14, 2014 9:45am Jul 14, 2014 9:45am
Quoting njokie
{quote} ok i took the trade at 12.00 gmt+3 my broker posts new candles at 8am,12pm,16pm,20.00hrs and 0.00hrs every day what do u mean by right time of the day?i tried checking on what big E meant with right time of day i cant get it with pacific time i have also tried using the converter cant quite get it when is the right time to trade my stop loss was as shown 137.466 am happy to post charts and also learn more in the process {image}
What were your reasons for not leaving the trade at the red candle that followed once you were in the trade?
Additionally, what were your reasons for entering the trade in the first place?

Thanks in advance
  • #24
  • Jul 14, 2014 12:38pm Jul 14, 2014 12:38pm
Quoting njokie
ok i got big E recommended time to trade Trade it during the first 1-3hrs of any session on the 1hr chart and 4hr chart during the London open. for me its 12.00 and 16.00 4 hour candles with my broker
If you are good at something, never do it for free--Joker
  • #25
  • Jul 14, 2014 12:41pm Jul 14, 2014 12:41pm
Hey J

Wishing you well in your journal. I'll be popping in to see how to trade TMS Big E style
.... laughing all the way to the bank
  • #26
  • Jul 14, 2014 12:42pm Jul 14, 2014 12:42pm
Quoting flinx
{quote} What were your reasons for not leaving the trade at the red candle that followed once you were in the trade? Additionally, what were your reasons for entering the trade in the first place? Thanks in advance
There is a reason why njokie could have stayed in the trade according to Eric. It's in the pdf.

Everyone's money management will be different. As long as trade triggers are consistent we should all be fine.

You will not see me trading 10 dollars a pip on 10k, for example.
If you are good at something, never do it for free--Joker
  • #27
  • Jul 14, 2014 12:43pm Jul 14, 2014 12:43pm
Quoting itsallover
Hey J Wishing you well in your journal. I'll be popping in to see how to trade TMS Big E style
If you are good at something, never do it for free--Joker
  • #28
  • Jul 14, 2014 12:49pm Jul 14, 2014 12:49pm
Quoting jmn5611
{quote}


I liked the videos
.... laughing all the way to the bank
  • #29
  • Jul 14, 2014 12:53pm Jul 14, 2014 12:53pm
Quoting flinx
{quote} What were your reasons for not leaving the trade at the red candle that followed once you were in the trade? Additionally, what were your reasons for entering the trade in the first place? Thanks in advance

flinx the reason for entering the trade was the tdi cross and the reason for not leaving the trade after the red candle was that the tdi dint cross
well i shdnt have left the trade in the first place but according to big E the green line is flattening

am now in this trade
stop loss is as shown
reason for entering was tdi red crossing green so far at 21pips
Attached Image (click to enlarge)
Click to Enlarge Name: nzdcadh4 14th.png Size: 39 KB
thankyou gregwilson
  • #30
  • Jul 14, 2014 1:43pm Jul 14, 2014 1:43pm
Quoting njokie
{quote} reason for entering was tdi red crossing green {image}
Thankyou for the reply.
Are you considering anything else alongside the TDI cross such as S/R levels etc?
  • #31
  • Jul 14, 2014 2:33pm Jul 14, 2014 2:33pm
Quoting itsallover
{quote} I liked the videos
They are there to encourage the us retail traders to start thinking like a fund manager, which is what we are. We are managing our own hard earned money. Traders should begin thinking in terms of baskets rather than one in and one out. This smoothes out the equity curve.
If you are good at something, never do it for free--Joker
  • #32
  • Jul 15, 2014 3:34am Jul 15, 2014 3:34am
Quoting flinx
{quote} Thankyou for the reply. Are you considering anything else alongside the TDI cross such as S/R levels etc?
yes i do watch s/r levels
nzd/cad stopped out on break even and watching gbp/cad on posible buy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdcadh4 15th.png Size: 39 KB
Click to Enlarge Name: gbpcadh4 15th.png Size: 40 KB
thankyou gregwilson
  • #33
  • Jul 15, 2014 4:51am Jul 15, 2014 4:51am
Would these be proper entries.Still trying to get it right.

Would it have been better to enter aud/jpy and chf/jpy one candle before than marked by arrow,because the tdi cross happened then.I am in India and the last candle started at 14:30 my time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 32 KB
Click to Enlarge Name: CHFJPYH4.png Size: 33 KB
Click to Enlarge Name: EURCHFH4.png Size: 34 KB
  • #34
  • Jul 15, 2014 7:35am Jul 15, 2014 7:35am
Quoting csethna
Would these be proper entries.Still trying to get it right. Would it have been better to enter aud/jpy and chf/jpy one candle before than marked by arrow,because the tdi cross happened then.I am in India and the last candle started at 14:30 my time. {image} {image} {image}
csethna, please correct your charts.

On the top chart, remove the tdi at the bottom.

On the top tdi, go to the color section of the tdi, and set the colors dodger blue, and yellow, to none.

As far as the signals go, so far so good.
If you are good at something, never do it for free--Joker
  • #35
  • Jul 15, 2014 12:22pm Jul 15, 2014 12:22pm
running trades i had posted
entry on tdi cross and time of trading was during london session
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcadh4 15th g.png Size: 41 KB
Click to Enlarge Name: eurjpyh4 15th e.png Size: 39 KB
thankyou gregwilson
  • #36
  • Jul 15, 2014 11:29pm Jul 15, 2014 11:29pm
Quoting njokie
running trades i had posted entry on tdi cross and time of trading was during london session {image} {image}
E/A looking good here.

Lets see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 45 KB
If you are good at something, never do it for free--Joker
  • #37
  • Jul 16, 2014 4:18am Jul 16, 2014 4:18am
hi traders am learning on best exits and for me i guess i will settle on cross of tdi for exit .....in this two trades ad still be in good pips had i let my trades run till cross of tdi
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdcadh4 16th.png Size: 39 KB
Click to Enlarge Name: eurjpyh4 16th e.png Size: 39 KB
thankyou gregwilson
  • #38
  • Jul 16, 2014 11:57pm Jul 16, 2014 11:57pm
Best cross on this 4hr period that I saw.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 38 KB
If you are good at something, never do it for free--Joker
  • #39
  • Edited 12:45am Jul 17, 2014 12:07am | Edited 12:45am
Quoting jmn5611
Best cross on this 4hr period that I saw. {image}
Can we look selling opportunity here
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #40
  • Jul 17, 2014 1:41am Jul 17, 2014 1:41am
Quoting VikasK
{quote} Can we look selling opportunity here {image}
First of all, your chart is perfect!

As far as a sell signal goes, look at your TDI, it is flat. Go back and look at some of my other charts and look at what a good cross looks like.

Congrats, you are 90% there!
If you are good at something, never do it for free--Joker
3 traders viewing now