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Trading Made Simple

  • #41,741
  • Oct 3, 2014 7:38am Oct 3, 2014 7:38am
got off with 40
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the cautious seldom err....C
  • #41,742
  • Oct 3, 2014 7:46am Oct 3, 2014 7:46am
NFP - EUR/USD 50.5 Pips
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  • #41,743
  • Oct 3, 2014 8:01am Oct 3, 2014 8:01am
Last months NFP revised from +142k to +180k......How do you miss 38,000 jobs??
  • #41,744
  • Edited 8:41am Oct 3, 2014 8:24am | Edited 8:41am
Tried PHX62 style H1 trading this week. I need to work out to not give back pips to market.
Trade 1 = BE
Trade 2=BE
Trade 3 = -20 pips, TDI not crossed at the open of candle, Tdi crossed after some time of candle open which makes it more risky.
Trade 4= +35 pips, Pull back candle confirmed by tdi cross at open of next candle with break of previous 4 candle low, missed 50 pips by spread of 6pips
Trade 5=+50pips,Pull back candle confirmed by tdi cross at open of next candle
Trade 6= -20 pips, 5 min late(15pips already moved) after candle open, Otherwise it would have been BE

This week more movement has happened during Asean session, so not much movement for LONDON session this week.
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  • #41,745
  • Oct 3, 2014 8:32am Oct 3, 2014 8:32am
not satisfied with 40 pips ,re-entered on m5 targeting 109.90. Stop at b/e
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the cautious seldom err....C
  • #41,746
  • Oct 3, 2014 9:01am Oct 3, 2014 9:01am
took 50 out of a possible 100. Another at b/e+50
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the cautious seldom err....C
  • #41,747
  • Oct 3, 2014 9:05am Oct 3, 2014 9:05am
move stop to b/e+10. TP 109.90. May take break earlier than usual
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the cautious seldom err....C
  • #41,748
  • Oct 3, 2014 9:37am Oct 3, 2014 9:37am
Quoting likica
USoil short around 8pm AEST (6AM EST) for +50 green {image}
another short on USoil for +45 green (entered when TDI M15 crossed
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Appreciation is the key to wealth and happiness
  • #41,749
  • Oct 3, 2014 9:50am Oct 3, 2014 9:50am
Quoting likica
{quote} another short on USoil for +45 green (entered when TDI M15 crossed {image}
oil specialist need to learn from you
the cautious seldom err....C
  • #41,750
  • Oct 3, 2014 9:51am Oct 3, 2014 9:51am
trade closed just shy of tp
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the cautious seldom err....C
  • #41,751
  • Oct 3, 2014 9:55am Oct 3, 2014 9:55am
For those who have G/U shorts. (weekly chart). I'm lovin' it
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the cautious seldom err....C
  • #41,752
  • Oct 3, 2014 9:56am Oct 3, 2014 9:56am
Quoting pips29
{quote} oil specialist need to learn from you
hehehe... thank you, it has left me behind for 40p more, wish I could stay in longer.
I like your beautiful UJ trades too
Appreciation is the key to wealth and happiness
  • #41,753
  • Oct 3, 2014 9:59am Oct 3, 2014 9:59am
Quoting pips29
For those who have G/U shorts. (weekly chart). I'm lovin' it {image}

Yup, great move into the demand region. Like you, I'm loving it too.
Now to wait and see the consolidation before the rally.
Patience needed, it can take days/ a week or two before the next big move for 4H swing trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,754
  • Oct 3, 2014 10:05am Oct 3, 2014 10:05am
Quoting TheScorpS
{quote} I used D1 and seeing there's retracement going back to defined structure resistance at 86.300 Is that correct? {image}
TST,

I have that same line 85.72 on my chart too. This is an important level going far back in history and in this week, sellers defended this level and today did not close above. I shall keep watch next week to see how the price action develops and if I get a TMS type trade setup on D chart.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,755
  • Edited 10:17am Oct 3, 2014 10:07am | Edited 10:17am
Quoting likica
{quote} hehehe... thank you, it has left me behind for 40p more, wish I could stay in longer. I like your beautiful UJ trades too
it's been a lucky week for me. The oil trades taken by you are just beautiful and envy of many Job done for the day. Cheers
the cautious seldom err....C
  • #41,756
  • Oct 3, 2014 11:09am Oct 3, 2014 11:09am
+30 pips today , a bit of a miracle for me . stopped trades before NFP time .I cant post charts today for some unfathomable reason .
So , I am feeling a bit more confident now but know I have a lot more to learn
NO,1 Big picture planning . I will be studying Emmanuel's posts for this , and many thanks to him for all the help and guidance he offers us.
NO.2 , Backtesting -- If anyone can offer any advice on this I will be most gratefull as it seems that either I don't do it right or I am missing
the point somewhere .as I don't seem to learn much from it .
  • #41,757
  • Oct 3, 2014 1:02pm Oct 3, 2014 1:02pm
Hey all,

After some silence from my part, I'm back with my week results from the first week H1 trading on the EU.

It has been a wonderful learning full experience. I am determined to keep doing this a couple of months at least. Backtesting really helps me to learn how the TDI works and reacts to PA. Still nothing close of being able to go live with enough self awareness but that's alright. I'm loving it!

The one trade where I lost 30 pips is a non monitored trade, I was in college and thought "it's a demo, had a SL and TP so let it run". Was the entry valid? I thought after the big move the day before would set the next LO in low volatility.

Hope to hear your comments and to learn from them.
Also good to see al these new traders here and see the progress in their learning progress!

Good weekend everybody!
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  • #41,758
  • Oct 3, 2014 1:15pm Oct 3, 2014 1:15pm
Hello Everyone.
I have been very busy from last some months and did not had enough time for trading , was checking daily charts though time to time. So due to shortage of time will trade daily only and will try to keep on improving with you guys like before.
I am attaching my trade explorer account opened recently for only trading TMS on daily candles , though i have other accounts but i am using different strategies on them . So I have opened one specifically for TMS where i would not trade anything else. So all of us can see what are the results of using this strategy on daily candles.
Currently two trades are open.

GBP/CAD
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Eur/Aud
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I am not random, U just can't think as fast as me....
  • #41,759
  • Oct 3, 2014 3:01pm Oct 3, 2014 3:01pm
Attached Image (click to enlarge)
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This was my +30 pips today on EU and GU today , see earlier post . Ok for NFP day . First non losing day for a while and hoping for a few more
  • #41,760
  • Oct 3, 2014 3:15pm Oct 3, 2014 3:15pm
Quoting X-Man
{quote} LOL im still a nobody compared to the traders in this thread. does phx62 still come onto FF?
Hey X-Man.....good to hear from you. Hope all is well with you. I don't spend much time here but I do check in once in a while and post a few trades.
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