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Trading Made Simple

  • #41,061
  • Sep 15, 2014 11:56am Sep 15, 2014 11:56am
Quoting lastingwell
{quote} You remind me of me http://www.forexfactory.com/showthre...87#post7140887
You were superior LW . I am in the process of expanding my PT bag
Appreciation is the key to wealth and happiness
  • #41,062
  • Sep 15, 2014 12:04pm Sep 15, 2014 12:04pm
Quoting Arkhambliss
{quote} Hi Likica, Do you mind sharing what 3 TDI Timeframes do you use when you scalp 5 minutes? I'm planning to do something similar but with M15 TF. Also, what's your usual sl and tp for Scalping for let's say EA pair? Thanks.
borrowed template from TheScorpS and added 1 more TDI (I like his setup). If something don't show up, get them from the list in this thread.
my PT +10p to 15p depends on ATR(7)x3, SL at last swing.

my 3rd scalping on Eu M5 completed my day...
USoil M5 offerred me 1 winner of +45p
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU M5 buys Mon 15.9.14 - + +.png Size: 51 KB
Click to Enlarge Name: oil M5 Mon 15.9.14 winner.png Size: 48 KB
Attached File(s)
File Type: tpl M15 with 3 tdi.tpl   346 KB | 550 downloads
Appreciation is the key to wealth and happiness
  • #41,063
  • Sep 15, 2014 12:34pm Sep 15, 2014 12:34pm
Quoting pips29
{quote} nice trade Scorps. Took similar trade for 56 pips and now hoping to ride it up {image}
Good Luck
I Have Learned to Take Some Losses to Make Profits
  • #41,064
  • Sep 15, 2014 2:16pm Sep 15, 2014 2:16pm
Quoting likica
{quote} borrowed template from TheScorpS and added 1 more TDI (I like his setup). If something don't show up, get them from the list in this thread. my PT +10p to 15p depends on ATR(7)x3, SL at last swing. my 3rd scalping on Eu M5 completed my day... USoil M5 offerred me 1 winner of +45p {file} {image} {image}
Thanks. I did some more backtesting. I think the M5 is a better TF to scalp haha. I am quite the impatient person too. So you only take the ones with Divergence?
So for M5 TF, you also have TDI MTF in M15 and H1? Thank you.
  • #41,065
  • Sep 15, 2014 3:16pm Sep 15, 2014 3:16pm
Hey traders,

Here is a E/J trade, I did some days ago. Lost about 55 pips. What I don´t understand here is:

At the first circle I went long and there was a double top and a strong monthly resistance level, so there was just one option: To go short.
But at the second circle there was the same (now even stronger) resistance and this time I wanted to learn from my mistake and I went short. But the price went long and stopped me out at -55 pips. Same conditions here like in my first long lose trade but now I watched at this resistance area. What did I wrong ?

Best regards,

Fx94
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart TMS schwarz.png Size: 38 KB
Click to Enlarge Name: Chart TMS weiß H4.png Size: 36 KB
  • #41,066
  • Sep 15, 2014 3:59pm Sep 15, 2014 3:59pm
Quoting Fx94
Hey traders, .................................. What did I wrong ?...
Ignored the fact this this market can do anything at any time.
The Thief of Wall Street
  • #41,067
  • Sep 15, 2014 4:33pm Sep 15, 2014 4:33pm
Quoting Fx94
Hey traders, Here is a E/J trade, I did some days ago. Lost about 55 pips. What I don´t understand here is: At the first circle I went long and there was a double top and a strong monthly resistance level, so there was just one option: To go short. But at the second circle there was the same (now even stronger) resistance and this time I wanted to learn from my mistake and I went short. But the price went long and stopped me out at -55 pips. Same conditions here like in my first long lose trade but now I watched at this resistance area. What...
Not sure why it would be even stronger resisitance, the more times you bash into a wall its likely to become weaker not stronger. If you take a look at the daily chart I think you will see why you should have gone short the first time and stayed long the second time.
  • #41,068
  • Sep 15, 2014 6:28pm Sep 15, 2014 6:28pm
Quoting Fx94
Hey traders, Here is a E/J trade, I did some days ago. Lost about 55 pips. Fx94 {image} {image}
Your TDI is screaming short on the first circle and I don't see any entry for the second according to TMS rules.

Just my thoughts.
  • #41,069
  • Sep 15, 2014 8:57pm Sep 15, 2014 8:57pm
My CADJPY short on M15 left from last night ran over my Pt.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY M15 sell Mon 15.9.14 +.png Size: 41 KB
Appreciation is the key to wealth and happiness
  • #41,070
  • Sep 15, 2014 9:13pm Sep 15, 2014 9:13pm
such a beautiful move on Gold on M5 this morning AEST
Attached Image (click to enlarge)
Click to Enlarge Name: Gold move AM AEST Tue 16.9.14.png Size: 54 KB
Appreciation is the key to wealth and happiness
  • #41,071
  • Sep 15, 2014 9:19pm Sep 15, 2014 9:19pm
Quoting Arkhambliss
{quote} Thanks. I did some more backtesting. I think the M5 is a better TF to scalp haha. I am quite the impatient person too. So you only take the ones with Divergence? So for M5 TF, you also have TDI MTF in M15 and H1? Thank you.
yeah, most of my trades are div on M5 with 3tdi (m5, m15, h1).
Appreciation is the key to wealth and happiness
  • #41,072
  • Sep 15, 2014 9:20pm Sep 15, 2014 9:20pm
Quoting lastingwell
{quote} You remind me of me http://www.forexfactory.com/showthre...87#post7140887
Just wondering if you still take those beautiful setup scalp trades?
Appreciation is the key to wealth and happiness
  • #41,073
  • Sep 15, 2014 9:37pm Sep 15, 2014 9:37pm
Quoting likica
My CADJPY short on M15 left from last night ran over my Pt. {image}
Nice one too

I have been trading divergence on lower time frame, ie M5 and M15, very important in my TMS and H1 trading
I Have Learned to Take Some Losses to Make Profits
  • #41,074
  • Sep 15, 2014 9:38pm Sep 15, 2014 9:38pm
Quoting TheScorpS
After selling EJ , went and checked EA too, I follow these 2 pairs correlation , EJ trade took off earlier, so there was a lot of time to get onboard on EA, I mean enough time to decide and take the trade, TP hit even before EJ and less hassle + 50 pips {image}
things look nice and simple from your chart
Appreciation is the key to wealth and happiness
  • #41,075
  • Sep 15, 2014 11:55pm Sep 15, 2014 11:55pm
Great trades, everyone!
AUSD short on M30, +30green, SL moved to BE.
Entry was a tad early, on the retest of previous resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB


One trade at a time, I'll learn and profit from this system!
Many thanks to Omonisha, Lastingwell, likica, TheScorpS, Phx62, Emannauel and all the other contributors!
  • #41,076
  • Sep 16, 2014 12:18am Sep 16, 2014 12:18am
Quoting likica
{quote} Just wondering if you still take those beautiful setup scalp trades?
Sometimes when I have a few hours to sit in front of the computer as they need babysitting more, but there is really nothing like being on m5 for gathering pips once you master it
  • #41,077
  • Sep 16, 2014 12:30am Sep 16, 2014 12:30am
Quoting froglicker
Great trades, everyone! AUSD short on M30, +30green, SL moved to BE. Entry was a tad early, on the retest of previous resistance. {image} One trade at a time, I'll learn and profit from this system! Many thanks to Omonisha, Lastingwell, likica, TheScorpS, Phx62, Emannauel and all the other contributors!
hey, well done Froglicker. time for my coffee pls
Appreciation is the key to wealth and happiness
  • #41,078
  • Sep 16, 2014 12:36am Sep 16, 2014 12:36am
Starting backtesting session on EU_H1 , Dec 2013, makes you emotionally prepaid, waiting LO market to opens, and then decide for entries

So good luck everyone

Frog, thats a great trade, impressive
I Have Learned to Take Some Losses to Make Profits
  • #41,079
  • Sep 16, 2014 1:14am Sep 16, 2014 1:14am
Quoting likica
{quote} hey, well done Froglicker. time for my coffee pls
I'd mail you some Malaysian coffee, but as it is I'm running out of my own stash, how does a frap sound?

Quoting TheScorpS
Starting backtesting session on EU_H1 , Dec 2013, makes you emotionally prepaid, waiting LO market to opens, and then decide for entries So good luck everyone Frog, thats a great trade, impressive
Will be doing my own backtest when i get off work, maybe tonight.
Prolly won't be able to monitor LO later on, having a work meeting.
Thanks for the encouragement!

In other trades, an XAU M5 scalp when everyone was out for extended lunch
+13pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB
  • #41,080
  • Sep 16, 2014 1:27am Sep 16, 2014 1:27am
Took this trade earlier, moved to breakeven because AU has reached a support area. Thanks for the pipsometer Omonisha
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH116-09.png Size: 41 KB
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