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Trading Made Simple

  • #41,561
  • Sep 30, 2014 9:24am Sep 30, 2014 9:24am
Quoting tylerbose
could somone please post the most recent indis + tpl or tell me where they're at ? thank you
Try this. From TheScorpS .

http://www.forexfactory.com/showthre...70#post7736770
  • #41,562
  • Sep 30, 2014 9:42am Sep 30, 2014 9:42am
paperclip at top of the thread page also Tyler
also similar threads to the immediate left is useful

<<<<<<<<<<
&amp;quot;You know what needs to be addressed , completely completely reverse that&amp;quot;.
  • #41,563
  • Edited 10:11am Sep 30, 2014 10:00am | Edited 10:11am
I saw 2 nice pinbars and a good TDI angle on M5 and got in AU short did not wait for HTF to confirm where H1 tdt was stepping up (against my trading rules) causing my account -31 red pips. thought I share it so others can learn too.
Attached Image (click to enlarge)
Click to Enlarge Name: AU M5 short Tue 30.9.14 - US cash.png Size: 62 KB
Appreciation is the key to wealth and happiness
  • #41,564
  • Sep 30, 2014 10:44am Sep 30, 2014 10:44am
Long 1 min. ago. Stop just below today's open
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 54 KB
the cautious seldom err....C
  • #41,565
  • Edited 11:17am Sep 30, 2014 10:58am | Edited 11:17am
up 20 pips ,therefore move stop to b/e. Stop covered with 10 green pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 54 KB
the cautious seldom err....C
  • #41,566
  • Sep 30, 2014 12:12pm Sep 30, 2014 12:12pm
check out with 20. Time to rest
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 54 KB
the cautious seldom err....C
  • #41,567
  • Sep 30, 2014 3:09pm Sep 30, 2014 3:09pm
Quoting TheScorpS
{quote} 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

Ghehe, think you meant conservative? I understood what you meant either way. I saw it a couple of times in the pdf, that was there was a certain break of a level and PA showed that it is going further that it would be considered as another checkmark to validate an entry.
Maybe, if I may ask, Phx62 can reply to this if you are reading this in a blimp haha ;p

Another subject here, to reply to your 'triangle' formation TheScorpS. This has now formed on the EU chart (screen attached). It can consolidate further during the Asian session but can it also cause a rally during this session?

Wes.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 196 KB
  • #41,568
  • Sep 30, 2014 7:05pm Sep 30, 2014 7:05pm
GBPJPY Week 40 1 Oct 2014:

We start a new Month today. GJ has been in several days of consolidation and a breakout will happen anytime soon.
Top down approach = look at MN1 > W1 > D1 charts. What do you see?
Use TMS 5-Method as the core trading method.

Some questions on the TDI posted this week.
Many TDi versions posted in the thread. You got to test each one in realtime basis and watch its behviour in relation to the price data in realtime.
Some TDI version posted here re-paints in history charts and that make the TDI crosses so clear but not in real time.
The TDI versions work with realtime price data and re-painting does not mean the indicators are defective. They are coded they way they are mean for. Therefore your entry and exit rules must be based on that TDI version you use.
All the trade charts posted here shows the re-painted TDI in all cases.
Be mindful that it is the price and the price action which dictate the TDI Green colour Price Line and the Red colour Trade Signal Line

Good Trading and Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,569
  • Sep 30, 2014 7:48pm Sep 30, 2014 7:48pm
Quoting BallijnForex
{quote} Ghehe, think you meant conservative? I understood what you meant either way. I saw it a couple of times in the pdf, that was there was a certain break of a level and PA showed that it is going further that it would be considered as another checkmark to validate an entry. Maybe, if I may ask, Phx62 can reply to this if you are reading this in a blimp haha ;p Another subject here, to reply to your 'triangle' formation TheScorpS. This has now formed on the EU chart (screen attached). It can consolidate further during the Asian session but can...
Here looking at this another example, but I think still time before breakout
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-10-01_3-44-17.jpg Size: 259 KB
I Have Learned to Take Some Losses to Make Profits
  • #41,570
  • Sep 30, 2014 7:57pm Sep 30, 2014 7:57pm
Quoting TheScorpS
{quote} Here looking at this another example, but I think still time before breakout {image}

On your H1 chart posted, you can also see the previous days high-low, the Master Candle 4 days ago is obvious and yesterday' Day Inside Bar IB is also seen.
So the IB breakout is the first sign I look for today and the following days ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,571
  • Sep 30, 2014 8:56pm Sep 30, 2014 8:56pm
Morning @ll,

Checking on Calender, China Bank Holiday. News AUD coming in. So decide to do a quick scalp. Knowing, yesterday had a big move on EURO
Not expecting any kinda of significant move. So going scalp mode.

Nice result but regretting low TP. Anyway, this usually happen in my mind. Well, there's still be opportunities to trade later, Hopefully.
I grab EA 15 and EJ 9, tallying 24 in the morning. So perhaps a great start, easing fruitless greenish pressure on a new day.

Initially, I trade with hard stop. But then Aud news coming, so I put a SL15 later which not shown in the graph.

Here's the entry on both.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20141001-EurAud Long Scalp.JPG Size: 266 KB
Click to Enlarge Name: 20141001-EurJpy Long Scalp.JPG Size: 252 KB
  • #41,572
  • Sep 30, 2014 9:21pm Sep 30, 2014 9:21pm
hi all,

took this trade and bagged 10 pips in around 10 minutes...momentum was good...took profit as price was at the daily high level...


Regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 42 KB
  • #41,573
  • Sep 30, 2014 10:11pm Sep 30, 2014 10:11pm
Quoting amilate
Morning @ll, Checking on Calender, China Bank Holiday. News AUD coming in. So decide to do a quick scalp. Knowing, yesterday had a big move on EURO Not expecting any kinda of significant move. So going scalp mode. Nice result but regretting low TP. Anyway, this usually happen in my mind. Well, there's still be opportunities to trade later, Hopefully. I grab EA 15 and EJ 9, tallying 24 in the morning. So perhaps a great start, easing fruitless greenish pressure on a new day. Initially, I trade with hard stop. But then Aud news coming,...
good timing
I missed SO trade today. will try to catch it at FO LO
Appreciation is the key to wealth and happiness
  • #41,574
  • Sep 30, 2014 10:16pm Sep 30, 2014 10:16pm
Quoting likica
{quote} good timing I missed SO trade today. will try to catch it at FO LO
Nvm Likica,

There's still plenty of pips later on . Just wish everyone on the greenish .
  • #41,575
  • Sep 30, 2014 10:22pm Sep 30, 2014 10:22pm
GBPAUD
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-10-01_9-18-08GBPAUD.png Size: 36 KB
Sad i'm not trying to understand PA
  • #41,576
  • Sep 30, 2014 10:29pm Sep 30, 2014 10:29pm
Quoting omonisha
GBPAUD {image}
Now, this is one of the PRO's result. Extreme Profit.

Looks like I'm still long way to go. Breaking fly higher, Triple top would cause reversal. Still plenty of room to grow up like a BIG Kiddie.
  • #41,577
  • Sep 30, 2014 10:46pm Sep 30, 2014 10:46pm
Quoting dennis4u15
hi all, took this trade and bagged 10 pips in around 10 minutes...momentum was good...took profit as price was at the daily high level... Regards {image}
. I didn't wait for second climb. Was out once EA hit tp. I decided to quit. No more risk better than waiting, especially having 2 trade at the same time.
EJ has not been success lately..

Usually the trend slower compare to EA. Hmm.. this is how I felt.
  • #41,578
  • Oct 1, 2014 1:56am Oct 1, 2014 1:56am
Whoopy, took another 9pips during EA shorting. Anyway tallying ,15+9+9, 33pips so far.

EA - Trading Plan.

1. Green Cross. Meaning... EURO news expectation REDDISH ?
2. If pricey dive, Ain't follow. Wait... Frankfurt Open.
3. FO, if price dive. leave it. Just not may day If retrace to a nice acceptable level, I Short with Small SL. 10-15pips. Gonna be MICRO level with small SL .
4. Still no nice price, WAIT, till news break. Perhaps can catch some mini fish, 20-30pips ?
5. Still not persuade? NO TRADE.

I'm not jumping in with SL50. It's too pressure.
Attached Image (click to enlarge)
Click to Enlarge Name: 20141001-EurAud Short.JPG Size: 75 KB
  • #41,579
  • Oct 1, 2014 3:32am Oct 1, 2014 3:32am
Quoting TheScorpS
{quote} Here looking at this another example, but I think still time before breakout {image}
Is this the correct way to measure target price. I have plotted this chart several weeks back when price broke down
Attached Image (click to enlarge)
Click to Enlarge Name: pic81.png Size: 61 KB
the cautious seldom err....C
  • #41,580
  • Oct 1, 2014 3:42am Oct 1, 2014 3:42am
set 40 pips target before news and got hit. Trade was taken yesterday on m5
Attached Image (click to enlarge)
Click to Enlarge Name: pic82.png Size: 52 KB
the cautious seldom err....C
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