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Trading Made Simple

  • #40,361
  • Aug 14, 2014 3:03am Aug 14, 2014 3:03am
EURNZD..DAILY..added position
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Sad i'm not trying to understand PA
  • #40,362
  • Edited 5:32am Aug 14, 2014 3:29am | Edited 5:32am
​One of the Demo servers, "Demo02"wasn't working properly so broker told me to open an account on Demo01, that fixed the problem


Meanwhile missed it, good angle followed by a good bounce was still setting my charts up, my excuse and I'm sticking with it

Saw the slope below on a quick reversal while I was out with the landlady, eurjpn 4 candles back on 30 min. Would have happened to quicky to take advantage of it I reckon
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"You know what needs to be addressed , completely completely reverse that".
  • #40,363
  • Aug 14, 2014 6:07am Aug 14, 2014 6:07am
Quoting pips29
no more position on this pair. Aud looks like weakening. Had taken a long on G/A as my chart shows support here. ..not TMS trade {image}
Pips29, would you mind telling me how you got the bid/askspread overlay on fxcm to the middle of the chart please? Thank you.
  • #40,364
  • Aug 14, 2014 8:56am Aug 14, 2014 8:56am
Quoting Arkhambliss
{quote} Pips29, would you mind telling me how you got the bid/askspread overlay on fxcm to the middle of the chart please? Thank you.
just use this setting
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the cautious seldom err....C
  • #40,365
  • Aug 14, 2014 9:58am Aug 14, 2014 9:58am
Hi You all trade with FXCM? Do you know other brokers?
  • #40,366
  • Aug 14, 2014 10:31am Aug 14, 2014 10:31am
No we trade various, I'm pepperstone
"You know what needs to be addressed , completely completely reverse that".
  • #40,367
  • Aug 14, 2014 1:19pm Aug 14, 2014 1:19pm
EJ

H1 trade since LO, was really into waiting LO set the low and took the trade long, for the first time after following TMS I could manage to take a trade after waiting London to set the low as Phx62 always did , is not easy, but was thinking about EMA 200 as support and it did

I think following and understanding the movements of price is what matters, you cant think that London will set the low, that doesn't work , you will have to dig in deeper to understand price movements

Waiting London to set the low could never happens, the trade moves and the low never comes until market close
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I Have Learned to Take Some Losses to Make Profits
  • #40,368
  • Aug 14, 2014 3:10pm Aug 14, 2014 3:10pm
Quoting TheScorpS
EJ H1 trade since LO, was really into waiting LO set the low and took the trade long, for the first time after following TMS I could manage to take a trade after waiting London to set the low as Phx62 always did , is not easy, but was thinking about EMA 200 as support and it did I think following and understanding the movements of price is what matters, you cant think that London will set the low, that doesn't work , you will have to dig in deeper to understand price movements Waiting London to set the low could never happens, the trade moves and...
TheScorpS,
Assuming that the green box is your London session box, the low of the session was set by the red candle that you entered on....and then price moved 5 candles away from that low. Typically, the London session will set a HIGH or a LOW and then move 3 to 8 candles (sometimes even more) in the opposite direction. Does it happen at every London session?.....NO. Does it happen often enough to make it a strategy to watch for when trading London?.....YES. Having a working knowledge of price action and candle patterns is also necessary to make this strategy work. Conservative entries should still be made based on Big E's TMS system....1st or 2nd candle of a different color and a cross of the TDI. More risky entries may be made before the cross of the TDI based on candle reversal patterns and if you are right, more pips in your pocket. Many green pips to you.......
  • #40,369
  • Aug 14, 2014 3:31pm Aug 14, 2014 3:31pm
Quoting Phx62
{quote} TheScorpS, Assuming that the green box is your London session box, the low of the session was set by the red candle that you entered on....and then price moved 5 candles away from that low. Typically, the London session will set a HIGH or a LOW and then move 3 to 8 candles (sometimes even more) in the opposite direction. Does it happen at every London session?.....NO. Does it happen often enough to make it a strategy to watch for when trading London?.....YES. Having a working knowledge of price action and candle patterns is also necessary...
Really nice to see you post phx, hope you are well
  • #40,370
  • Aug 14, 2014 4:53pm Aug 14, 2014 4:53pm
Quoting Phx62
{quote} TheScorpS, Assuming that the green box is your London session box, the low of the session was set by the red candle that you entered on....and then price moved 5 candles away from that low. Typically, the London session will set a HIGH or a LOW and then move 3 to 8 candles (sometimes even more) in the opposite direction. Does it happen at every London session?.....NO. Does it happen often enough to make it a strategy to watch for when trading London?.....YES. Having a working knowledge of price action and candle patterns is also necessary...
Its just seeing you around is all I ask for, thanks sir for coming by and advise, hope I can improve on to get in the way you take trades

Thanks a lot
I Have Learned to Take Some Losses to Make Profits
  • #40,371
  • Aug 14, 2014 5:42pm Aug 14, 2014 5:42pm
New to the system. Added short // 4hr chart - NZD/USD
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Not about how much you win, but how much you loose
  • #40,372
  • Edited 8:16pm Aug 14, 2014 6:15pm | Edited 8:16pm
Wow, legendary Phx62 is still with us..... Amazing!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #40,373
  • Aug 15, 2014 5:07am Aug 15, 2014 5:07am
EJ H1 sell is taken, trying again LO set the high for the second day, still early to tell at this stage tho, reason to sell EJ hit uprising ending triangle and structure if you zoom out , PA on M15 too shows some rejection
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I Have Learned to Take Some Losses to Make Profits
  • #40,374
  • Aug 15, 2014 6:21am Aug 15, 2014 6:21am
Quoting pips29
{quote} just use this setting {image}
Thanks. Didn't realise the first post for the LUA at FXcodebase had that option.
  • #40,375
  • Aug 15, 2014 8:35am Aug 15, 2014 8:35am
Gold H1 sell is taken and closed for + 117 pips , that's my second 100s in 2 week , its nice to get those pipers

EJ stopped out for - 40
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I Have Learned to Take Some Losses to Make Profits
  • #40,376
  • Aug 15, 2014 9:54am Aug 15, 2014 9:54am
GBPJPY..a good week to finish
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Sad i'm not trying to understand PA
  • #40,377
  • Aug 15, 2014 10:35am Aug 15, 2014 10:35am
Quoting omonisha
GBPJPY..a good week to finish {image}
Thats awasome , another one before closing the week

EJ, I made a mistake earlier and thought that a little retracement on M15 was a trade in progress but that prove me wrong, reanalysis the situation, waited a bit before deciding to short that pair again and it worked, + 38 pips
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I Have Learned to Take Some Losses to Make Profits
  • #40,378
  • Aug 15, 2014 10:57am Aug 15, 2014 10:57am
Quoting TheScorpS
{quote} Thats awasome , another one before closing the week EJ, I made a mistake earlier and thought that a little retracement on M15 was a trade in progress but that prove me wrong, reanalysis the situation, waited a bit before deciding to short that pair again and it worked, + 38 pips {image}
Excellent.. Waiting rewards you...

Happy weekend
Sad i'm not trying to understand PA
  • #40,379
  • Aug 15, 2014 2:49pm Aug 15, 2014 2:49pm
Quoting dforant1
{quote} When yu left click on a chart doesn't it expand? The 50p were for a day!! Guess I'm not cut out for this. Back to my slumber and no stress trading. {image}
hi dforant!
I just wondered if you still trade the same way as you were back in june?
  • #40,380
  • Aug 15, 2014 9:33pm Aug 15, 2014 9:33pm
Quoting TheScorpS
{quote} Thats awasome , another one before closing the week EJ, I made a mistake earlier and thought that a little retracement on M15 was a trade in progress but that prove me wrong, reanalysis the situation, waited a bit before deciding to short that pair again and it worked, + 38 pips {image}
hi TheScorpS
can you share setting indi Daily_LinesBoxes_OC ?

regard
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