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

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Trading Made Simple

  • #42,661
  • Oct 23, 2014 5:25am Oct 23, 2014 5:25am
Quoting emmanuel7788
{quote} Hi TSS, You are most welcome. PM you some ideas on what I did. regards,
Thanks alot emmanuel, you are always there to help, appreciate it
I Have Learned to Take Some Losses to Make Profits
  • #42,662
  • Oct 23, 2014 5:50am Oct 23, 2014 5:50am
Quoting robuk
{quote} Awesome !!

Thank you Rob.
You are doing good as I can see some of your recent trades posted.
http://www.forexfactory.com/showthre...82#post7817782

Based on what I see in your charts posted, may I suggest:
I think you can work on your trade exit management strategy and include capital protection as one priority.
Try with mult-lot entry and scale-out one pos with profit and protect the other pos by trailing the market.
Since you trade using fix positions, you can split your entry into two portions for exit.

Test that in realtime live market and see how that wil work out.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,663
  • Oct 23, 2014 6:01am Oct 23, 2014 6:01am
Quoting emmanuel7788
As New York will close soon in about one half hour, before I run out to Starbucks, I thought I will update my trade plan for GBPUSD for tomorrow before. Big Day tomorrow with several tier one news/data release. We have the big one the UK GDP this week. You and I don't know what it will be like. But who get to now these data before they are made known in the public domain. By thetime we see that in econimic calendar like FF, it is shown as news, it's history. See attach. {image}

Despite the weaker Retails sales data, GU did not make it to its ADR of 78pips.
We shall see if the US data later today will sink it lower.
Find it tough to trail behind now as the candles are small and naorrow range.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,664
  • Oct 23, 2014 6:11am Oct 23, 2014 6:11am
Quoting Bizzzle
Here are some trades from today using Range Bars... Its very good for you scalpers out there but you need a lot of screen time Best of luck {image}
Squeezes on one minute FTSE can be fun (but intense). Watch the liquidity above build , and boom, the floor gives way (especially if there is a relative vacuum below).

Attached Image


As long as people understand its not all about candlesticks and fibs etc (need to look behind the facade that is presented by the media etc and think about what is really going on). The market is basically stop runs with liquidity being added and then taken away again

Sorry, not strictly TMS! But couldn't resist. I don't really trade TMS but I rather like the indicators, and nice coloured APB bars.
  • #42,665
  • Oct 23, 2014 6:14am Oct 23, 2014 6:14am
Guys & Masters,
I remember one of the rules was that if for example you go long on H1 TDI but after a while the slope of Green Line becomes flat or showing down, you have to exit. Am I right? Because TDI in H1 changes slope all the time.
  • #42,666
  • Oct 23, 2014 6:35am Oct 23, 2014 6:35am
Today's attempts:
Gold: TDI H1 + TDI H4 + Daily PA + H1 PA in agreement >>> Exited half at +30 pips
EURUSD: News caused TDI shaped to buy >>> exited for lack of volatility >>> +5pips
USDJPY: Entered after the big candle >>> exited for TDI Green becoming flat & lack of volatility >>> +3pips

Please give your comment especially on EURUSD & USDJPY's entery & exit. Should I have entered them at all? Was exiting them the right decision?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xauusdh1.png Size: 35 KB
Click to Enlarge Name: usdjpyh1.png Size: 39 KB
Click to Enlarge Name: eurusdh1.png Size: 31 KB
  • #42,667
  • Oct 23, 2014 7:32am Oct 23, 2014 7:32am
Quoting likica
{quote} Thanks heispark. good to see you in green too. Hope EA and I are getting back in green peace (pips) today and everyday
Hello there,

Is it possible to share the indicator you have in the right up corner ? with price, spread etc info

thanks.
'Simplicity is the ultimate sophistication'
  • #42,668
  • Oct 23, 2014 7:41am Oct 23, 2014 7:41am
GBPNZD EURJPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-10-23_8-24-39GBPNZD.png Size: 34 KB
Click to Enlarge Name: 2014-10-23_18-34-05EURJPY.png Size: 35 KB
Sad i'm not trying to understand PA
  • #42,669
  • Oct 23, 2014 7:46am Oct 23, 2014 7:46am
Quoting omonisha
GBPNZD EURJPY {image} {image}
Very good as always , thanks for sharing

Do you use the default settings on the supply and demand zones indicator?
I Have Learned to Take Some Losses to Make Profits
  • #42,670
  • Oct 23, 2014 7:47am Oct 23, 2014 7:47am
Quoting omonisha
GBPNZD EURJPY {image} {image}

For your EJ trade, I envy you !
I saw it but had no "clear" break in the TDI, so I didn´t enter it ..
Guido
Risiko birgt immer auch die Chance.
  • #42,671
  • Oct 23, 2014 8:14am Oct 23, 2014 8:14am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 68 KB
  • #42,672
  • Oct 23, 2014 8:16am Oct 23, 2014 8:16am
Quoting WDays
{image}
Nice trade mate, well done
Give yourself a chance and trade it like it's layed out...
  • #42,673
  • Oct 23, 2014 8:31am Oct 23, 2014 8:31am
Quoting WDays
{image}
Hi WDays,
May I have your supply/demand indicator? and your special settings for that if you have ones?
Yours
  • #42,674
  • Oct 23, 2014 8:32am Oct 23, 2014 8:32am
Quoting Bizzzle
{quote} Nice trade mate, well done
Thanks bro, nice to see you back !


[quote=Kouroushi;7819887]
Quoting WDays
{image}[/quote Hi WDays, May I have your supply/demand indicator? and your special settings for that if you have ones? Yours
I'm using a slightly modified Lastingwell template; there you go you'll find it attached settings are default
Attached File(s)
File Type: ex4 II_SupDemMOD.ex4   20 KB | 479 downloads
  • #42,675
  • Oct 23, 2014 8:39am Oct 23, 2014 8:39am
[quote=WDays;7819911]{quote} Thanks bro, nice to see you back !
Quoting Kouroushi
{quote} I'm using a slightly modified Lastingwell template; there you go you'll find it attached settings are default {file}
WDays
Just tried it. I'm surprised how good they are & interestingly they match my own S/R lines!!!
Do you only use them without spending your time drawing lines?
Thanks again
  • #42,676
  • Oct 23, 2014 8:47am Oct 23, 2014 8:47am
Quoting WDays
{image}
Excellent
  • #42,677
  • Oct 23, 2014 8:52am Oct 23, 2014 8:52am
Quoting Kouroushi
Today's attempts: Gold: TDI H1 + TDI H4 + Daily PA + H1 PA in agreement >>> Exited half at +30 pips EURUSD: News caused TDI shaped to buy >>> exited for lack of volatility >>> +5pips USDJPY: Entered after the big candle >>> exited for TDI Green becoming flat & lack of volatility >>> +3pips Please give your comment especially on EURUSD & USDJPY's entery & exit. Should I have entered them at all? Was exiting them the right decision? {image} {image} {image}
Update Gold:
Closed other half at +70
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh1.png Size: 42 KB
  • #42,678
  • Oct 23, 2014 9:07am Oct 23, 2014 9:07am
[quote=Kouroushi;7819921]
Quoting WDays
{quote} Thanks bro, nice to see you back ! {quote} WDays Just tried it. I'm surprised how good they are & interestingly they match my own S/R lines!!! Do you only use them without spending your time drawing lines? Thanks again
I never was much of a fan of drawing support-resistance horizontal lines, I mostly use trendlines and just try to avoid trading into most recent price structure. The supdem indi is good for me, because I've got 16 pairs in my portfolio, which I go thru every morning before london open. When I see price stuck between two zones I just skip to the next pair. The way I also use it is to avoid taking a trade if I'm less than 30 pips away from the area (I started to lock breakeven at +30 or not at all, depending on the case). The way I use them is very similiar if not identical to the way Lastingwell does, I'm merely imitating her trading, because strangely enough it suits my "trading personality" a lot.

Hope that helped...
Quoting lastingwell
{quote} Excellent
Why thank you I tried to warn you about it but was too late apparently
  • #42,679
  • Oct 23, 2014 9:21am Oct 23, 2014 9:21am
Quoting TheScorpS
{quote} Very good as always , thanks for sharing Do you use the default settings on the supply and demand zones indicator?
Yes default settings
Sad i'm not trying to understand PA
  • #42,680
  • Oct 23, 2014 10:02am Oct 23, 2014 10:02am
One trade today using Range bars, I wasn't around to catch the other two Plenty of opportunities
Attached Image (click to enlarge)
Click to Enlarge Name: RANGE BAR 23.10.png Size: 31 KB
Give yourself a chance and trade it like it's layed out...
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