Trading Made Simple | Page 2045 | 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

  • #40,881
  • Sep 8, 2014 3:08am Sep 8, 2014 3:08am
Quoting Phx62
A nice, easy, 4 day H4 trade that hit TP over the weekend. A lot less stress and monitoring. Trade was taken on the H1 time frame at LO following a PCRF and then moved to the H4 time frame after a strong move down.{image}
Mightily impressive , as usual , thanks for the lesson .
  • #40,882
  • Sep 8, 2014 3:15am Sep 8, 2014 3:15am
GBPAUD week 36 trades:

Here are trades taken when price action broke the support seen in Monthly chart. This week open with a gap down so I took profit.
More downside possible for this pair as the second support was broken.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week36 trades closed .png Size: 63 KB


Good Trading to ALL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #40,883
  • Sep 8, 2014 4:07am Sep 8, 2014 4:07am
Quoting emmanuel7788
GBPAUD week 36 trades: Here are trades taken when price action broke the support seen in Monthly chart. This week open with a gap down so I took profit. More downside possible for this pair as the second support was broken. {image} Good Trading to ALL.
Cant ask for more senior emmanuel, TMS is flourishing again with masters posts

Today I didn't understand PA on EA H1, I saw that it was on support with triple bottom, PA on M30 printed inverted hammer and on H1 printed high wave candle with cross of TDI coming from over sold, analysis paralysis or I didn't understand pa at the time so couldn't pull the trigger to get long

I wanted to long pa on the touch of EMA 10 on M30, I got the chance from the price I wanted almost 2 times but stayed a side , anyway I added to the learning curve by noticing PA candles stick and behavior
I Have Learned to Take Some Losses to Make Profits
  • #40,884
  • Sep 8, 2014 4:10am Sep 8, 2014 4:10am
Quoting emmanuel7788
GBPAUD week 36 trades: Here are trades taken when price action broke the support seen in Monthly chart. This week open with a gap down so I took profit. More downside possible for this pair as the second support was broken. {image} Good Trading to ALL.
Excellent trade Big EMU.. I see overall all GBP pair has further 250/300pips space to go down.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-08_15-02-10 GBPUSD.png Size: 42 KB
Sad i'm not trying to understand PA
  • #40,885
  • Sep 8, 2014 4:29am Sep 8, 2014 4:29am
Quoting omonisha
{quote} Excellent trade Big EMU.. I see overall all GBP pair has further 250/300pips space to go down. {image}
I'm in this trade now too and have been placed a few small shorts on this throughout the day and am now up over 200pip
Learning is all about about asking the right questions!
  • #40,886
  • Sep 8, 2014 4:34am Sep 8, 2014 4:34am
Quoting reeeen4
{quote} I'm in this trade now too and have been placed a few small shorts on this throughout the day and am now up over 200pip
Excellent..
Sad i'm not trying to understand PA
  • #40,887
  • Sep 8, 2014 4:56am Sep 8, 2014 4:56am
Quoting Phx62
A nice, easy, 4 day H4 trade that hit TP over the weekend. A lot less stress and monitoring. Trade was taken on the H1 time frame at LO following a PCRF and then moved to the H4 time frame after a strong move down.{image}
Excellent trade as always Phx62. My only take on this was that it was a pullback into (fresh) supply. (The only type of trade I will take nowadays).
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 47 KB
  • #40,888
  • Sep 8, 2014 5:13am Sep 8, 2014 5:13am
Quoting Phx62
A nice, easy, 4 day H4 trade that hit TP over the weekend. A lot less stress and monitoring. Trade was taken on the H1 time frame at LO following a PCRF and then moved to the H4 time frame after a strong move down.{image}
Very nice trade! On your trade though at around the 3rd Sep 20:00 mark the TDI takes a sharp turn up to touch the red line then to come back down again. But as this was unfolding (without being able to see what was coming later) you would have seen it take this sharp turn up which is an exit signal if I'm correct. How did you know to stay in the trade and that it would continue down again?
Learning is all about about asking the right questions!
  • #40,889
  • Sep 8, 2014 5:27am Sep 8, 2014 5:27am
My AU short on M30 from Asia today, exited at support
Attached Image (click to enlarge)
Click to Enlarge Name: AU M30 short Mon 8.9.14 +.png Size: 65 KB
Appreciation is the key to wealth and happiness
  • #40,890
  • Sep 8, 2014 6:27am Sep 8, 2014 6:27am
a few more pips to start the day
Attached Image (click to enlarge)
Click to Enlarge Name: shawnee.jpg Size: 155 KB
  • #40,891
  • Edited 6:46am Sep 8, 2014 6:32am | Edited 6:46am
Quoting brath
{quote} you hope it comes back ....
, saw that this morning when I woke up +100 pips, wanted to take them of the board but couldn't as I forgot how to exit the trade on android. I wanted to panic likica . Went to work instead. Downloaded the manuel and closed that trade just now at +180 piparonies
Have a look at the monthly on this pair, should be on it's third month of a downturn. I can't look right now as metatrader's not set up yet on this computer. Think I mentioned last month this pairs worth keeping an eye on. Seem to remember Eelfranz saying the candles go at least 3 candles on a trend change, it's on the third now.

My Nx series asus died on the weekend, landlady gave me a computer she had but never used so I'm currently setting it up for my use, checked the specs on it and it's as powerfull as the NX was, score . Only thing is it appears to have a not genuine copy of windows 7 on it. Need to get a copy soon as. I probably won't trade until that's done
"You know what needs to be addressed , completely completely reverse that".
  • #40,892
  • Sep 8, 2014 9:27am Sep 8, 2014 9:27am
made about 40 pips on this pair
Attached Image (click to enlarge)
Click to Enlarge Name: fix fix.jpg Size: 111 KB
  • #40,893
  • Sep 8, 2014 9:38am Sep 8, 2014 9:38am
This trade was good for 90 pips ..
Attached Image (click to enlarge)
Click to Enlarge Name: aaaaaaa.png Size: 48 KB
  • #40,894
  • Sep 8, 2014 9:39am Sep 8, 2014 9:39am
iam up 20 pips on this one so far now .. good stuff
Attached Image (click to enlarge)
Click to Enlarge Name: wwww.png Size: 45 KB
  • #40,895
  • Sep 8, 2014 10:17am Sep 8, 2014 10:17am
Attached Image (click to enlarge)
Click to Enlarge Name: tt.png Size: 45 KB
  • #40,896
  • Sep 8, 2014 11:49am Sep 8, 2014 11:49am
Quoting emmanuel7788
GBPAUD week 36 trades: Here are trades taken when price action broke the support seen in Monthly chart. This week open with a gap down so I took profit. More downside possible for this pair as the second support was broken. {image} Good Trading to ALL.
May I ask how do I add the OHLC to your HA candles, like in your chart?

Thank you.
  • #40,897
  • Sep 8, 2014 2:04pm Sep 8, 2014 2:04pm
Quoting reeeen4
{quote} Very nice trade! On your trade though at around the 3rd Sep 20:00 mark the TDI takes a sharp turn up to touch the red line then to come back down again. But as this was unfolding (without being able to see what was coming later) you would have seen it take this sharp turn up which is an exit signal if I'm correct. How did you know to stay in the trade and that it would continue down again?
I do not use the TDI to exit trades, only to determine possible entries. I look for a closed candle in the opposite direction to determine when to exit. There was a closed blue candle at LO on 9-4 following the usual Tokyo session consolidation. I had already moved my SL to lock in 50 pips. When I saw the closed blue candle, I monitored to see if the next candle would break above the closed blue candle and create a reversal situation with a HH. If it had, I would have manually exited the trade. That candle created a double top with the blue candle but did not break above it and instead price moved lower again. I determined, at that point to stay in the trade.
  • #40,898
  • Sep 8, 2014 4:51pm Sep 8, 2014 4:51pm
Quoting Kmw
{quote} I've borrowed your chart FX94, trust you don't mind. I did better than you in this pair but I cannot say of my trading that it was it was good clean trading, I think of it as dirty. I had to resort to a hedge as I took sells as the EUR went up against the JPN, doing it 3 times as the EUR continued to climb finally placing that single buy right where the PA eventually stopped. Ain't that always the way . This was Tuesday evening my time. I spent Wednesday scalping this and the other pair I had been trapped in the same way at the...
Thank you for the explanation and the chart.

Here is a trade I made today for +35 pips. I went long because of the resistance area where price was struggling. My TP was near weekly historical level or august close are.

Best regards,

Fx94
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 156.png Size: 28 KB
Click to Enlarge Name: 1111.png Size: 33 KB
  • #40,899
  • Sep 8, 2014 5:10pm Sep 8, 2014 5:10pm
Quoting Fx94
{quote} Thank you for the explanation and the chart. Here is a trade I made today for +35 pips. I went long because of the resistance area where price was struggling. My TP was near weekly historical level or august close are. Best regards, Fx94 {image} {image}
Nice trade
Pip Goes The Weasel
  • #40,900
  • Sep 8, 2014 5:22pm Sep 8, 2014 5:22pm
Quoting Phx62
{quote} I do not use the TDI to exit trades, only to determine possible entries. I look for a closed candle in the opposite direction to determine when to exit. There was a closed blue candle at LO on 9-4 following the usual Tokyo session consolidation. I had already moved my SL to lock in 50 pips. When I saw the closed blue candle, I monitored to see if the next candle would break above the closed blue candle and create a reversal situation with a HH. If it had, I would have manually exited the trade. That candle created a double top with the blue...

Thanks for the explanation that really helps
Learning is all about about asking the right questions!
83 traders viewing now