Trading Made Simple | Page 2029 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #40,561
  • Aug 25, 2014 6:48am Aug 25, 2014 6:48am
Quoting adikashyap
{quote} Thanks a ton. I remember a senior (not sure who it was) stating that he will not trade if the Green and Red line (of TDI) are in different direction ... Where as Grand Poopaw in his own words "I never care what Red line does ... Green is the most important line" What is your take? TIA
Having known LW for a while now, I'd say TSL and RSI PL need to point in the same direction for a trade to be valid, otherwise you're left with a bunch of crosses during sharper moves in the opposite direction that may well be reversals, but more often than not are just small retraces due to profit taking during a move... Less fakeys that way
  • #40,562
  • Aug 25, 2014 7:00am Aug 25, 2014 7:00am
Took this ChfJpy Bounced Trade ...
Any comments / advice is appreciated ...
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYvH4.png Size: 60 KB
  • #40,563
  • Aug 25, 2014 7:46am Aug 25, 2014 7:46am
Quoting adikashyap
Took this ChfJpy Bounced Trade ... Any comments / advice is appreciated ... {image}
By the looks of things, CHFJPY is scalpable, but be careful when you set your targets. Also I can't quite understand where you're entry is, is it at the dashed line? Or is it after TDI bounced, that is to say after the blue candle?

Be careful, because there is a confluence of fibo levels and S/R defined by most recent market structure. And mondays are known for low volatility.
  • #40,564
  • Aug 25, 2014 8:34am Aug 25, 2014 8:34am
Quoting WDays
{quote} Having known LW for a while now, I'd say TSL and RSI PL need to point in the same direction for a trade to be valid, otherwise you're left with a bunch of crosses during sharper moves in the opposite direction that may well be reversals, but more often than not are just small retraces due to profit taking during a move... Less fakeys that way
I Have Learned to Take Some Losses to Make Profits
  • #40,565
  • Aug 25, 2014 9:14am Aug 25, 2014 9:14am
Quoting WDays
{quote} By the looks of things, CHFJPY is scalpable, but be careful when you set your targets. Also I can't quite understand where you're entry is, is it at the dashed line? Or is it after TDI bounced, that is to say after the blue candle? Be careful, because there is a confluence of fibo levels and S/R defined by most recent market structure. And mondays are known for low volatility.
I'm so very sorry, did not mentioned where I entered .. I entered @ 113.43, soon after the bounce, with SL of 35 Pips and TP of 35 pips, little higher than its previous 4H swing H .. as of now, it is coiling at -24 pips ....
From next trade, i will mark my entry level as well ...
Thanks a ton and regards
  • #40,566
  • Aug 25, 2014 9:58am Aug 25, 2014 9:58am
Quick scalp on Monday , EA long , TDI already crossed above 50 line and Mbl , good for +13 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-25_17-57-08.jpg Size: 373 KB
I Have Learned to Take Some Losses to Make Profits
  • #40,567
  • Edited 10:22am Aug 25, 2014 10:06am | Edited 10:22am
Quoting forexday
{quote} hi lastingwell, please take a look at my charts and let me know if this is what we talking about? found trade on 4h, tdi starting to cross downwards [sell] drop down to 1h and tdi already crossed over, so i will take this trade, correct? {image} {image}
Sorry I haven't been in all day today, just got back. If its an H4 signal then its no go until D1 agrees, H1 is just to make sure it hasn't moved too much and is likely to retrace.

Edit: What I mean by "D1 agrees" it has to show some sign its going to go the way you want, either candle pattern, tdi turned down etc, it doesnt have to be a full cross.
  • #40,568
  • Aug 25, 2014 10:22am Aug 25, 2014 10:22am
Quoting lastingwell
{quote} Sorry I haven't been in all day today, just got back. If its an H4 signal then its no go until D1 agrees, H1 is just to make sure it hasn't moved too much and is likely to retrace.
Can you please check EA now? TDT and Stoch confirming LONG from respective OB zone ... D TF Candles reversing / retracting / correcting from historical support ...
Is it ok to enter LONG NOW?
What say TheScorpS?
  • #40,569
  • Aug 25, 2014 10:24am Aug 25, 2014 10:24am
Quoting TheScorpS
Quick scalp on Monday , EA long , TDI already crossed above 50 line and Mbl , good for +13 pips {image}
Why just a quick scalp?
D TF candles at Support zone ... TDI and Stoch confirming Long from respective OB levels on 4H TF...
I just went Long @ 1.4200 ... SL @ 50 pips and TP at 150 pips ...
All help appreciated ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 59 KB
Click to Enlarge Name: EURAUDH4.png Size: 67 KB
  • #40,570
  • Aug 25, 2014 10:37am Aug 25, 2014 10:37am
Quoting TheScorpS
Quick scalp on Monday , EA long , TDI already crossed above 50 line and Mbl , good for +13 pips {image}

I got in AU short (scalp on M15) for 20pips
Attached Image (click to enlarge)
Click to Enlarge Name: AU M15 sell Mon 25.8.14 +.png Size: 42 KB
Appreciation is the key to wealth and happiness
  • #40,571
  • Aug 25, 2014 10:45am Aug 25, 2014 10:45am
Thanks likicia for the indis! loading them up now. looks good.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 76 KB


omonisha if you dont mind, would you kindly point me the way to the indi u have at the bottom right?
The one counting the pips?
Many thanks!
  • #40,572
  • Aug 25, 2014 10:46am Aug 25, 2014 10:46am
Quoting adikashyap
{quote} Why just a quick scalp? D TF candles at Support zone ... TDI and Stoch confirming Long from respective OB levels on 4H TF... I just went Long @ 1.4200 ... SL @ 50 pips and TP at 150 pips ... All help appreciated ... {image} {image}
I'd rather save my energy for tomorrow trading, thats why I just took some minor profit, the trade from my perspective looks good for whatever profit you add to it, second reason, I would wait a retracemnt to 61.8 on H1 if I get that by tomorrow and then I would be looking to jump on the trend, EA was in deep downtrend and I want to see more bullishness confirmation before I decide to hang on the trend for major profit

According to my exit rules and as of now, there is no exit confirmed yet , so good luck
I Have Learned to Take Some Losses to Make Profits
  • #40,573
  • Aug 25, 2014 10:47am Aug 25, 2014 10:47am
Quoting likica
{quote} I got in AU short (scalp on M15) for 20pips {image}
Very good trade and management, best of luck and wishes and thanks for sharing, keep rockin
I Have Learned to Take Some Losses to Make Profits
  • #40,574
  • Aug 25, 2014 10:49am Aug 25, 2014 10:49am
I like CADJPY short on H4, somehow not sure if it s too early for shorting... pls comment. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY short setup on Mon 25.8.14.png Size: 62 KB
Appreciation is the key to wealth and happiness
  • #40,575
  • Edited 9:45pm Aug 25, 2014 10:53am | Edited 9:45pm
Quoting adikashyap
{quote} Why just a quick scalp? D TF candles at Support zone ... TDI and Stoch confirming Long from respective OB levels on 4H TF... I just went Long @ 1.4200 ... SL @ 50 pips and TP at 150 pips ... All help appreciated ... {image} {image}
EURAUS, looks like a falling counter trend, time frames h,4h, day, wk, and mth may have been safer to go short. ranging in 5 & 15. Moi lives in aus, heard on local news today (edited, was moodys) downgraded the aussie because of the aussie govs slow payment of dept. Must have some effect even though it doesn't appear to have been announced to the markets.
Gutsy trade by TheScorps scalping the pullback, dangerous for you wanting to go long, keep your eye on your trade. If it does go south on you get out even before your stoploss. Eelfranz would

1hour beginning to hook over on the 50 line tmswatchdog., green cross tdi on 4h, daily red and green both pointing down, mixed signals I think
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.png Size: 140 KB
"You know what needs to be addressed , completely completely reverse that".
  • #40,576
  • Aug 25, 2014 10:55am Aug 25, 2014 10:55am
Quoting adikashyap
{quote} Why just a quick scalp? D TF candles at Support zone ... TDI and Stoch confirming Long from respective OB levels on 4H TF... I just went Long @ 1.4200 ... SL @ 50 pips and TP at 150 pips ... All help appreciated ... {image} {image}
Its a very strong downtrend and although the D1 candle has been kicked back from support at the moment, I wouldn't go in until there is a decent candle pattern or the d1 tdi turns up, just a support line isn't enough for me to say its likely to turn. Also, as phx62 always says price very rarely just turns around straight away after a decent trend, it will usually try again to go through support/resistance and will either go through this time, or get kicked back again which will make either a double bottom or a higher low on h4, either of which I will take with a decent cross.
  • #40,577
  • Aug 25, 2014 11:03am Aug 25, 2014 11:03am
Quoting Kmw
{quote} EURAUS, looks like a falling counter trend, time frames h,4h, day, wk, and mth may have been safer to go short. ranging in 5 & 15. Moi lives in aus, heard on local news today (standard and poors?) downgraded the aussie because of the aussie govs slow payment of dept. Must have some effect even though it doesn't appear to have been announced to the markets. Gutsy trade by TheScorps scalping the pullback, dangerous for you wanting to go long, keep your eye on your trade. If it does go south on you get out even before your stoploss. Eelfranz...
Exactly my thoughts except the news , yes I am still bearish on the pair and I would definitely go short if my plan comes active later

Pls these are just thoughts and I could be wrong and you make all the gains, so just follow ur plan and be warry at the same time, good luck
I Have Learned to Take Some Losses to Make Profits
  • #40,578
  • Aug 25, 2014 11:04am Aug 25, 2014 11:04am
Thanks a lot Guys on all advice and Info on EA ...
The trade is +1 pips now ... Moved my 50 pip SL to 25 pips ...
Let us see ...
  • #40,579
  • Aug 25, 2014 11:07am Aug 25, 2014 11:07am
took +19pips and left lots of OIL pips on the table from my short on M5. Didn't get in the long on MT4 after that as I was too busy with Ninja trader. just wanted to share if someone out there trading oil or gold using tms method
Attached Image (click to enlarge)
Click to Enlarge Name: oil m5 sell Mon 25.8.14 +.png Size: 66 KB
Appreciation is the key to wealth and happiness
  • #40,580
  • Aug 25, 2014 11:11am Aug 25, 2014 11:11am
Quoting likica
I like CADJPY short on H4, somehow not sure if it s too early for shorting... pls comment. Thanks. {image}
I'd rather wait a retest to broken structure and 61.8 fibs retracement and then decide based on PA and TDI to take a trade short

Daily already hit the 61.8 retracemernt , which is the same theory as what I am trying to explain on H1 , ie fine tune the trade on H1 and take it on H4
Attached Image (click to enlarge)
Click to Enlarge Name: CAD.jpg Size: 341 KB
I Have Learned to Take Some Losses to Make Profits
297 traders viewing now, 1 is registered: