Trading Made Simple | Page 2091 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #41,801
  • Oct 6, 2014 1:30am Oct 6, 2014 1:30am
Quoting manoj_3986
{quote}{quote} Good to know that this excel sheet has helped you. As mentioned by PHX62, I also based my decision based on H1 chart only
He has said that he bases his trades on H1 price action only, but he has the m15 and H4 charts open at the same time.
  • #41,802
  • Oct 6, 2014 1:42am Oct 6, 2014 1:42am
Quoting manoj_3986
{quote}{quote} Good to know that this excel sheet has helped you. As mentioned by PHX62, I also based my decision based on H1 chart only I have updated trading plan sheet by adding divergence and closing order when APB candle closed with different color. Attaching herewith for your reference. TDI cross at open of 1st or 2nd candle is very important. If tdi cross happened at open of 1st candle and we wait for candle to close then it would cost some pips. Entery is very important as well as Exit as mentioned by PHX62. I have started backtesting to...
Very usefull , thanks for all your efforts .Can you please explain point no.5 or re-phrase it , I don't understand that sentence ( ''trade should be ........ )
  • #41,803
  • Oct 6, 2014 1:51am Oct 6, 2014 1:51am
Quoting TheScorpS
{quote} All I can say is TIMINGS , understanding timings with TMS is mandatory important, extremely important, look up the pink lines that I plot for the last week, and see at what time the pair started good trade, on my local timings its at 4 .a.m in the early morning and I think it would be at 2 GMT, actually am thinking about waking up at this time to search for trades on EUR/AUD , understanding the pair personality is important as well {image}
Many thanks for the reminder of timing. Yes, it s very important. I just missed the entry on rebounce of EA
Appreciation is the key to wealth and happiness
  • #41,804
  • Edited 2:49am Oct 6, 2014 2:03am | Edited 2:49am
First trade this week. Grabbed 11. Based on divergence I saw on the 4hr. TDI was well out of it.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 21 KB
"You know what needs to be addressed , completely completely reverse that".
  • #41,805
  • Oct 6, 2014 2:06am Oct 6, 2014 2:06am
Quoting emmanuel7788
{quote} Hi, You should find them in the attachments. {image}
Thanks for your help my friend
  • #41,806
  • Oct 6, 2014 2:23am Oct 6, 2014 2:23am
+50 on EA
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH106-10.png Size: 36 KB
  • #41,807
  • Oct 6, 2014 2:34am Oct 6, 2014 2:34am
good trade lastingwell,

did u take the trade just on the confirmation of TDI cross on the 1hr time frame and with the size of the trigger candle or u did u also monitor the higher time frame. I do recognize the trigger candles but I tend to misread the higher time frame synergy candle and miss trades. Is there a certain way u catch these trades..

Regards
  • #41,808
  • Oct 6, 2014 3:00am Oct 6, 2014 3:00am
Quoting lastingwell
+50 on EA {image}
Nice trade LW,

I'm carefully monitoring the pullback candles now forming as we hit Thursday's support, with the intention of entering an LO trade.
Focus on the process and the profits will follow
  • #41,809
  • Edited 3:38am Oct 6, 2014 3:25am | Edited 3:38am
Quoting robuk
{quote} Very usefull , thanks for all your efforts .Can you please explain point no.5 or re-phrase it , I don't understand that sentence ( ''trade should be ........ )
Dear Robuk,

I mean to say that, When I have buy order open with blue apb canle and there after if APB candle closed with red candle then I should exit the trade. Same for sell order, I should exit sell order with blue apb candle close. In such scenarios, maximum loss is around 20 pips.

Thanks
Manoj
  • #41,810
  • Oct 6, 2014 3:30am Oct 6, 2014 3:30am
Quoting lastingwell
{quote}He has said that he bases his trades on H1 price action only, but he has the m15 and H4 charts open at the same time.
Ok, I am attaching PHX62 quote to avoid any confusion.

All my trades are taken and monitored on the H1 charts. On my trading screen I also have open a small M15 chart and a small H4 chart for reference but all my trades are entered and exited on the H1 chart. I sometimes look at the M15 chart to tell me of short term price changes that may be occurring and I use the H4 chart to see nearby S/R areas and price action on a larger time frame.....it just gives me an overall perspective of the market.
  • #41,811
  • Oct 6, 2014 4:00am Oct 6, 2014 4:00am
Quoting lastingwell
+50 on EA {image}
Amazing trade Lastingwell , thanks for sharing
I Have Learned to Take Some Losses to Make Profits
  • #41,812
  • Oct 6, 2014 4:02am Oct 6, 2014 4:02am
Quoting likica
{quote} Many thanks for the reminder of timing. Yes, it s very important. I just missed the entry on rebounce of EA
Welcome , thast a very difficult part to master, ie timings but with TDI and more experience its possible and I think it becomes easy
I Have Learned to Take Some Losses to Make Profits
  • #41,813
  • Oct 6, 2014 4:13am Oct 6, 2014 4:13am
Quoting lastingwell
+50 on EA {image}
Nice trading lastingwell.......I took the same trade with the same results......keep up the good work.
  • #41,814
  • Oct 6, 2014 4:19am Oct 6, 2014 4:19am
live trdae plz!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDiH1.png Size: 44 KB
Click to Enlarge Name: EURJPYiH1.png Size: 52 KB
Persian Gulf forever
  • #41,815
  • Oct 6, 2014 4:31am Oct 6, 2014 4:31am
Quoting Phx62
{quote} Nice trading lastingwell.......I took the same trade with the same results......keep up the good work.
Praise indeed thank you phx62
  • #41,816
  • Oct 6, 2014 4:37am Oct 6, 2014 4:37am
Quoting manoj_3986
{quote} Ok, I am attaching PHX62 quote to avoid any confusion. All my trades are taken and monitored on the H1 charts. On my trading screen I also have open a small M15 chart and a small H4 chart for reference but all my trades are entered and exited on the H1 chart. I sometimes look at the M15 chart to tell me of short term price changes that may be occurring and I use the H4 chart to see nearby S/R areas and price action on a larger time frame.....it just gives me an overall perspective of the market.
That was in April last year, however he has since posted with an image of his chart setup in January this year. http://www.forexfactory.com/showthre...48#post7186048 its an excellent post to read to get the best idea of how he trades.
Attached Image (click to enlarge)
Click to Enlarge Name: fxdd - metatrader.png Size: 233 KB
  • #41,817
  • Oct 6, 2014 4:38am Oct 6, 2014 4:38am
Quoting lastingwell
{quote} Praise indeed thank you phx62
I wish you the best result like Phx62.
Persian Gulf forever
  • #41,818
  • Oct 6, 2014 4:38am Oct 6, 2014 4:38am
I have tried EURNZD long.

http://i.imgur.com/a7QSOjM.png
  • #41,819
  • Oct 6, 2014 4:50am Oct 6, 2014 4:50am
Quoting lastingwell
{quote}That was in April last year, however he has since posted with an image of his chart setup in January this year. http://www.forexfactory.com/showthre...48#post7186048 its an excellent post to read to get the best idea of how he trades. {image}
Thank you very much Lastingwell.
  • #41,820
  • Oct 6, 2014 5:06am Oct 6, 2014 5:06am
Quoting dennis4u15
good trade lastingwell, did u take the trade just on the confirmation of TDI cross on the 1hr time frame and with the size of the trigger candle or u did u also monitor the higher time frame. I do recognize the trigger candles but I tend to misread the higher time frame synergy candle and miss trades. Is there a certain way u catch these trades.. Regards
I monitor the h4 chart as well, that was being rejected from a resistance area, and the tdi was starting to turn down. On H1 that was also a resistance area rejection, along with a lower high and a good cross.
91 traders viewing now