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Monitor for 'Trading Made Simple' system 565 replies

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

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Trading Made Simple

  • #41,401
  • Sep 25, 2014 8:17pm Sep 25, 2014 8:17pm
Quoting TheScorpS
{quote} Just wait APB candles and TDI confirmation, and go short from there, I think you were testing other strategy but if you just follow what you are doing , you would still gain your pips and extra, by the way am looking at shorting this pair, but not now, rather wait tomorrow and see how PA reacts at Asian session and around London opens And I have to prepare a buy plan in-case I never get to sell EA Good luck Kmw, I truly would like to find someone that could makes another identical EMA 10 dashboard same the one that Phx62 uses on his chart,...
TheScorpsS,

The 10EMA dashboard was created for the Another Simple System M15 thread by the OP LE1. See post#12,818.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,402
  • Sep 25, 2014 9:41pm Sep 25, 2014 9:41pm
Quoting Tanglewood
{quote} This system is probably as good as any, but absolutely no system can prevent or predict the market from shooting up the minute you place a down bet. I personally would play for money rather than demo but until you get confidence in the system I'd play for very low stakes so that any losses don't hurt.
Tanglewood, thanks for the reply. Yes, as with any system, one must understand that this is a probabilities game. I have learned my lesson over time that there are no sure bets, except for the sure bet that when you bet "the farm", that is the time that the system will fail. That is what I mentioned about my rules. I have in the past, thrown the rules aside and shot from the hip too many times. Like you, I believe that some money in the game is better than demo. The beauty of Forex is the ability to trade small, and I have learned to take advantage of that.

Good Trading,

PJ
  • #41,403
  • Edited 9:54pm Sep 25, 2014 9:42pm | Edited 9:54pm
Asia today: 5 min on M5 for 20 green pips from EA , I was late. correct entry should have been on 2nd blue candle, I placed limit order with few pips above that small red candle bounced off support. (could miss it if it did not come back)
Attached Image (click to enlarge)
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Appreciation is the key to wealth and happiness
  • #41,404
  • Sep 25, 2014 9:52pm Sep 25, 2014 9:52pm
Quoting cchersia
In progress yet !!! {image}
hope you have full bag of green pips cchersia
Appreciation is the key to wealth and happiness
  • #41,405
  • Sep 25, 2014 9:58pm Sep 25, 2014 9:58pm
Quoting jagpalsingh
This system is brilliant but other things besides tdi, stoch must be checked. For example what is the daily trend? If going on a H4 chart signal is M30, H1 in oversold/overbought, what I found is that if you are taking a trade put sroch on M1 chart and let it come to 20 mark and then trade long if the trade is long vice versa for sell. This usually gets u price cheaper between 8-10 pips
This is what I think is the downfall of some who come here and just start trading without REALLY studying the system. It's easy to look at one or two indicators and say GO LONG or GO SHORT but there is always more to the picture. That is what I like about the things mentioned in the TMS pdf: "When wanting to enter a TDI trade...take a moment first to observe basic 4x things... like..." The basics still are in play when trading any system.

Thanks for your suggestion to use the m1 chart for a better entry.

Again, I am just starting to wrap my head around this methodology and I appreciate the feedback.

Good Trading,

PJ
  • #41,406
  • Sep 25, 2014 10:00pm Sep 25, 2014 10:00pm
Quoting TheScorpS
EA trade on H1, took short on the break of LO candle on M15, moved +40 in my favor , wanted to follow it on H4, forgot about that PA often when it initiate a way after LO, it tends to retrace back to 38.2 on 61.8 retracement, today it went to 61.8, took me out, but thats fine, I was looking to ride it on H4, forgot that it might be early to move in to BE {image}
nice pinbar at FF for LO short
Appreciation is the key to wealth and happiness
  • #41,407
  • Sep 25, 2014 11:32pm Sep 25, 2014 11:32pm
Ok. Last night strategy does't work out. -20pips.

As usual, Likica the great result.

EA, oh yea I took the price during retracement before it broke out. This is going be last trade for today. Hopefully can land a good 50pips.
Attached Image (click to enlarge)
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  • #41,408
  • Sep 25, 2014 11:46pm Sep 25, 2014 11:46pm
Quoting Kmw
{quote} I looked at this when you first posted it, said to myself no way am I shorting this. At the time HA candle had wicks both ends which means market is undecided, main glaring indication is on your own screenshot, why on earth are you selling when scorps 10ema dashboard is showing all blue arrows up on your screenshot. I happen to know another copied your trade and also lost, no not me. I've done trading for the week. But come on fella, think about what you are doing. We all have to think this way, myself included. Others here watch and grab...
Thanks for remind and update. I just post Hr1 and Hr4 strategy in the future. Well, last night was a mistake.
According to XMEN, no trade within first 2 bar during NY on Hr1. I do remember that.
Well, let's do this right together.

Happy Green PIPS everyone ya.
  • #41,409
  • Sep 25, 2014 11:49pm Sep 25, 2014 11:49pm
Quoting emmanuel7788
{quote} TheScorpsS, The 10EMA dashboard was created for the Another Simple System M15 thread by the OP LE1. See post#12,818. Regards,
Thanks Tanglewood , I think I tried that and will give it a try again

Emmanuel, thanks for answering me, I think you have been the Loveeery thread an active trader, never made it in there thread since I was just starting trading at the time

I guess I use some of the tips that are discussed in that thread, so that's what am trying to get this indicator to shows all time frame, and not just whats there at the moment, I need to be aware of all time frame from M1 to Monthly

I think Loveery is long gone otherwise I would definitely pm him , never mind, thanks for you continuous support, and hope you have time to come often to TMS
I Have Learned to Take Some Losses to Make Profits
  • #41,410
  • Sep 25, 2014 11:50pm Sep 25, 2014 11:50pm
Quoting likica
{quote} nice pinbar at FF for LO short
Indeed it was, there was a previous pin-bar too, so the second one when it took the LO low price, I got in

Your doing good on the Oil, I mean pretty good

Alright TMS, doing some back-testing as usual before market opens

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #41,411
  • Sep 25, 2014 11:54pm Sep 25, 2014 11:54pm
Quoting amilate
Ok. Last night strategy does't work out. -20pips. As usual, Likica the great result. EA, oh yea I took the price during retracement before it broke out. This is going be last trade for today. Hopefully can land a good 50pips. {image}
Well, TGIF I bag 46pips on EA. another great run this week.
Closing platform for this week. NO MORE TRADE.

Enjoying a good weekend ahead.

Green PIPS @ll. Have a good weekend ahead too.
  • #41,412
  • Sep 25, 2014 11:56pm Sep 25, 2014 11:56pm
haha, just did a quick 2 minute scalp of the aussie, made $1, out of here now, live right next to the seventh day adventice camp here in Perth, got a camp on there this weekend with my own fellowship and got to go set up. seeyas
"You know what needs to be addressed , completely completely reverse that".
  • #41,413
  • Sep 26, 2014 12:18am Sep 26, 2014 12:18am
EURAUD
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Sad i'm not trying to understand PA
  • #41,414
  • Sep 26, 2014 3:15am Sep 26, 2014 3:15am
Quoting likica
{quote} hope you have full bag of green pips cchersia
Yes Likica, I finished with 54 pips! Learning from you !
Thanks!
  • #41,415
  • Sep 26, 2014 3:47am Sep 26, 2014 3:47am
Following this trade
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #41,416
  • Sep 26, 2014 4:30am Sep 26, 2014 4:30am
[quote=TheScorpS;7763899]Following this trade {image}[/quote

It's a bit difficult to see on your chart , but did you go short before the TDI cross
  • #41,417
  • Sep 26, 2014 4:41am Sep 26, 2014 4:41am
Quoting TheScorpS
Following this trade {image}
Hi Scorps,

Why did you took that trade ? Is it because friday with low volume breaking that resistant ? Care to advise and explain abit.
Thank you.
Banker please return my pipins.
  • #41,418
  • Sep 26, 2014 4:53am Sep 26, 2014 4:53am
[quote=robuk;7763992]
Quoting TheScorpS
Following this trade {image}[/quote It's a bit difficult to see on your chart , but did you go short before the TDI cross
I went in short before TDI cross, I took TDI overbought tho into consideration, EA at double tops, following 3 drive move up, I am also following these pairs on Elliot wave so that can shed some light but way beyond this thread

I would still take it after the first red candle , will set a limit order on the retest and will start from there, often time when the setup candle has wicks ups and down, there would be a retest on the entry candle, so will take benefit from that as in getting better price, ie testing back broke structure

Babyboy, have not seen u in a long time, so I had a plan since yesterday to short on EA based on the above
I Have Learned to Take Some Losses to Make Profits
  • #41,419
  • Sep 26, 2014 5:06am Sep 26, 2014 5:06am
Quoting TheScorpS
Quoting robuk
{quote} I went in short before TDI cross, I took TDI overbought tho into consideration, EA at double tops, following 3 drive move up, I am also following these pairs on Elliot wave so that can shed some light but way beyond this thread I would still take it after the first red candle , will set a limit order on the retest and will start from there, often time when the setup candle has wicks ups and down, there would be a retest on the entry candle, so will take benefit from that as in getting better price, ie testing back broke
...
Thanks , I wondered if it was to do with the upside down V , I've noticed before they often work out well and the beat the TDI cross 'to the punch '
  • #41,420
  • Sep 26, 2014 5:27am Sep 26, 2014 5:27am
Gold went sky roof and down in now time, I sat tp and was away to get most of it, closed with +22 pips

Entry on the break of the pullback candle
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
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