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Trading Made Simple

  • #41,541
  • Sep 30, 2014 4:43am Sep 30, 2014 4:43am
Wow, what the hell is going on lately...... My targets seem realistic at the time of setting the trade, yet none of them are reached despite trades going well into profit.
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  • #41,542
  • Sep 30, 2014 5:08am Sep 30, 2014 5:08am
G/U daily. Looking bearish
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the cautious seldom err....C
  • #41,543
  • Sep 30, 2014 5:19am Sep 30, 2014 5:19am
EA scalp on M5 @LO +30 green
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Click to Enlarge Name: EA M5 Tue 30.9.14 LO +.png Size: 102 KB
Appreciation is the key to wealth and happiness
  • #41,544
  • Edited 5:38am Sep 30, 2014 5:25am | Edited 5:38am
Hi,

After great help of TheScorpS, other seniors of course and all members posting in this thread, I was reading the pdf books from the thread (Phx62 ) on my own comfortable pace and time. Every minute that goes by with either reading or backtesting, my 'aha-meter' and information meter are reaching more and more extreme levels of awesomeness! This week is my first week after my new self study routine, which I will continue every single day.
Yesterday safe start of the week with minimal TP levels. EU +15 pips and UJ +20 pips.

Today a new LO and a awesome trade, which I believe was correct.
EU +70 pips

Looking forward to hear from y'all if it is correct or where I can learn some more.

Wes
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 291 KB
  • #41,545
  • Sep 30, 2014 5:39am Sep 30, 2014 5:39am
Quoting BallijnForex
Hi, After great help of TheScorpS, other seniors of course and all members posting in this thread, I was reading the pdf books from the thread (Phx62 ) on my own comfortable pace and time. Every minute that goes by with either reading of backtesting, my 'aha-meter' and information meter are reaching more and more extreme levels of awesomeness! This week is my first week after my new self study routine, which I will continue every single day. Yesterday safe start of the week with minimal TP levels. EU +15 pips and UJ +20 pips. Today a new LO and...
Your trade is what TMS is all about, correct setup candle and correct timings, you cant ask for more, just follow what you are doing, you are starting very well and hope you can keep improving, even if things goes in the other direction after times , keep a log of these 3 trades printed in front of your PC to reminds to stay with the strategy and one day you gonna take all the pips that are enough for your liking

Here you can show ur trades
Inserted Video


Good Luck
I Have Learned to Take Some Losses to Make Profits
  • #41,546
  • Sep 30, 2014 5:40am Sep 30, 2014 5:40am
Quoting BallijnForex
Hi, After great help of TheScorpS, other seniors of course and all members posting in this thread, I was reading the pdf books from the thread (Phx62 ) on my own comfortable pace and time. Every minute that goes by with either reading of backtesting, my 'aha-meter' and information meter are reaching more and more extreme levels of awesomeness! This week is my first week after my new self study routine, which I will continue every single day. Yesterday safe start of the week with minimal TP levels. EU +15 pips and UJ +20 pips. Today a new LO and...
it's beautiful! welcome and well done BallijnForex. I have not done such amount of green pips in 1 single trade. What I like most from your trade was that blue pinbar and angle of TDI and of course +70 green pips movement.
Happy trading!
Appreciation is the key to wealth and happiness
  • #41,547
  • Sep 30, 2014 5:52am Sep 30, 2014 5:52am
Let see what you guys think about this chart

Now after viewing this chart, go back in time EU _H1 4th Sep 2014, draw your triangle, and see the setup candle and the entry candle , but that was before major news
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I Have Learned to Take Some Losses to Make Profits
  • #41,548
  • Sep 30, 2014 6:01am Sep 30, 2014 6:01am
2 shorts taken on A/U with tight stops. Decided to lock in 10 pips with N/U
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the cautious seldom err....C
  • #41,549
  • Sep 30, 2014 6:08am Sep 30, 2014 6:08am
Quoting TheScorpS
Let see what you guys think about this chart Now after viewing this chart, go back in time EU _H1 4th Sep 2014, draw your triangle, and see the setup candle and the entry candle , but that was before major news {image}
good entry Scorps
the cautious seldom err....C
  • #41,550
  • Sep 30, 2014 6:13am Sep 30, 2014 6:13am
Quoting TheScorpS
Let see what you guys think about this chart Now after viewing this chart, go back in time EU _H1 4th Sep 2014, draw your triangle, and see the setup candle and the entry candle , but that was before major news {image}
First, thanks for the support, TheScorpS & likica, much appreciated!

Second, looking at the triangle, I agree with you to wait for the first red candle to close. But even more important I think, is that the entry must be suspended until the second red candle breaks trough the bottom of the first red candle. After that, it's an confirmed entry by TMS rules.

I drew the triangle at 4th sept 2014 in screenshot attached. Do you see the similarities? At this point I would have taken the entry point at first red candle, TDI has crossed and bottom from Asian is broken with that first red candle. Small SL and TP at 50 but after PA rallied down you could have moved it to more pips if you would.

Am I making any sense or >.< haha, i'm still new to all this awesome analysis steps.

Wes.
Attached Image (click to enlarge)
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  • #41,551
  • Sep 30, 2014 6:24am Sep 30, 2014 6:24am
Quoting BallijnForex
{quote} First, thanks for the support, TheScorpS & likica, much appreciated! Second, looking at the triangle, I agree with you to wait for the first red candle to close. But even more important I think, is that the entry must be suspended until the second red candle breaks trough the bottom of the first red candle. After that, it's an confirmed entry by TMS rules. I drew the triangle at 4th sept 2014 in screenshot attached. Do you see the similarities? At this point I would have taken the entry point at first red candle, TDI has crossed and bottom...
Need to check that taking the break of the low is the correct timings of the trade, at least more testing is needed, Dee 50 took that trade on the break of the low of the previous 2 candles, so 3 scenario that goes in the same conclusion, consercutive( I wonder how to write it ) or aggressive, you need to have a tested plan and follow it each and every time
I Have Learned to Take Some Losses to Make Profits
  • #41,552
  • Sep 30, 2014 6:26am Sep 30, 2014 6:26am
Quoting pips29
{quote} good entry Scorps
Thanks pips, I am just starting to formulate something into trading these triangles, still new ideas that needs time I guess
I Have Learned to Take Some Losses to Make Profits
  • #41,553
  • Sep 30, 2014 6:30am Sep 30, 2014 6:30am
All positions covered with profits-stress free now
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the cautious seldom err....C
  • #41,554
  • Sep 30, 2014 8:05am Sep 30, 2014 8:05am
out of both A/U and N/U with some profits. New trade on E/A with 18 pips stop
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the cautious seldom err....C
  • #41,555
  • Sep 30, 2014 8:21am Sep 30, 2014 8:21am
Thanks Pips, different to the indicator cchersia posted some hours ago, anycandle by sunbrella, who is elsewhere in this site, (name into site's search box will bring him out of hiding ). I'll learn them both.
Someone referred to phx's pdf also a while ago, Well done with your first trades fella. Leaves me thinking me better go through it myself properly, I seem to be better at scalping than finding these TMS trades. Last one I tried 3 weeks ago I lost big time. Nearly back in profit again though through scalping (76% hit rate on new trade explorer), just taken a while is all
&amp;quot;You know what needs to be addressed , completely completely reverse that&amp;quot;.
  • #41,556
  • Sep 30, 2014 8:21am Sep 30, 2014 8:21am
Phew... this is stressful. Anyway, I took a short at retracement and managed to bag 33pips, for today.

Guess... thanks to the EA Big move and NY.

Overally, another success day. 33+10-1, still nice greenish 42pips.
Attached Image
  • #41,557
  • Edited 8:44am Sep 30, 2014 8:28am | Edited 8:44am
covered E/A with 10 green pips and shorted E/U with 10 pips stop. Stopped out on both, result- b/e
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the cautious seldom err....C
  • #41,558
  • Sep 30, 2014 9:06am Sep 30, 2014 9:06am
USoil is diving heavily...
first trade was a long and stopped out -35 red
went short after that and collected +57 green
Appreciation is the key to wealth and happiness
  • #41,559
  • Sep 30, 2014 9:07am Sep 30, 2014 9:07am
USoil is diving heavily...
first trade was a long and stopped out -35 red
went short after that and collected +57 green. Exit at M15 200ma
Attached Image (click to enlarge)
Click to Enlarge Name: Oil M5 Tue 30.9.14 am est +.png Size: 115 KB
Appreciation is the key to wealth and happiness
  • #41,560
  • Sep 30, 2014 9:15am Sep 30, 2014 9:15am
could somone please post the most recent indis + tpl or tell me where they're at ?

thank you
i lose money for a living
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