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Trading Made Simple

  • #42,861
  • Oct 28, 2014 6:49am Oct 28, 2014 6:49am
Trading can be easy if you do the Back-testing and put the hard work in to learning, what set-up will be high probability!
As big E has always said he hated trading below 4 hour because of too much noise and his right... If you look at a 4 hour trades SL and compare it to a SL you would have on the 1 hour, is there be much difference??

Now look at a average run (bar count) on the 1 hour compare to that of a 4 hour.... which one do you think will be more profitable?

Anyone that want to be successful in any part of there life has to put in the hard work to master what he/she is trying to achieve!

Back-test, back-test back-test.... It will help you become more comfortable with you trades and lose the emotional side of trading!!

Best of luck
Give yourself a chance and trade it like it's layed out...
  • #42,862
  • Oct 28, 2014 6:49am Oct 28, 2014 6:49am
Quoting Kouroushi
Hi Fellows, Bought USDJPY in a uptrend above TL, EMA200 with TDI crosses in a good location. I'm half out around RN with +10pips now (maybe too soon but in this choppy market I'm more careful). Just shorted NZDUSD with break of TL below RN & having a nice cross in TDI. Besides if I'm right that was a PCRF! Yours {image} {image}
Updare:
1- USDJPY got the 2nd TP for +20pip
2- NZDUSD is being watched & managed carefully
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh1.png Size: 31 KB
  • #42,863
  • Oct 28, 2014 6:51am Oct 28, 2014 6:51am
Quoting MrAussieFX
Lost -37 pips to EA h1 yesterday. I lost my patience yesterday and paid the price. My plan for EA today {image} Feel free to comment and leave suggestions. Kindest Regards
Theres mother candle on Daily and now almost PA trying to break that, will see how this one goes, ie if daily candle today closed below that level, else might be ready for trading back to LO open price

Just some thoughts, anyone reading this pls follow ur own analysis
Attached Image (click to enlarge)
Click to Enlarge Name: EA_h4.jpg Size: 251 KB
I Have Learned to Take Some Losses to Make Profits
  • #42,864
  • Oct 28, 2014 6:54am Oct 28, 2014 6:54am
Quoting Bizzzle
Trading can be easy if you do the Back-testing and put the hard work in to learning, what set-up will be high probability! As big E has always said he hated trading below 4 hour because of too much noise and his right... If you look at a 4 hour trades SL and compare it to a SL you would have on the 1 hour, is there be much difference?? Now look at a average run (bar count) on the 1 hour compare to that of a 4 hour.... which one do you think will be more profitable? Anyone that want to be successful in any part of there life has to put in the hard...
Hi Bizzzle,
One reason I avoid H4 & prefer H1 (with all noise & other downsides) is session changes. For instance, I take a trade after 1st H4 NY candle & if it doesn't go my way enough, it's not clear at all what Asia would do that to my trade.
How do you manage that?
Yours
  • #42,865
  • Oct 28, 2014 6:55am Oct 28, 2014 6:55am
Quoting Bizzzle
Trading can be easy if you do the Back-testing and put the hard work in to learning, what set-up will be high probability! As big E has always said he hated trading below 4 hour because of too much noise and his right... If you look at a 4 hour trades SL and compare it to a SL you would have on the 1 hour, is there be much difference?? Now look at a average run (bar count) on the 1 hour compare to that of a 4 hour.... which one do you think will be more profitable? Anyone that want to be successful in any part of there life has to put in the hard...
10 thumbs up
I Have Learned to Take Some Losses to Make Profits
  • #42,866
  • Oct 28, 2014 6:59am Oct 28, 2014 6:59am
GOLD
Attached Image
Give yourself a chance and trade it like it's layed out...
  • #42,867
  • Oct 28, 2014 7:03am Oct 28, 2014 7:03am
Quoting Kouroushi
{quote} Hi Bizzzle, One reason I avoid H4 & prefer H1 (with all noise & other downsides) is session changes. For instance, I take a trade after 1st H4 NY candle & if it doesn't go my way enough, it's not clear at all what Asia would do that to my trade. How do you manage that? Yours
Hi mate, it all about Time of day best times as Big E said where uk time 6 am and 10 am!

Back-test it have a look... but with 4 hour it require a lot of patience waiting for trades and also been in the trade! try it on demo for a month see what you think

If you are watching 6 pair and wait for one good trade of 100 pips on each how many pips you making??

hope that helped

P.s 100 pips is just an example some JPY pairs can move 200-300pips in one move
Give yourself a chance and trade it like it's layed out...
  • #42,868
  • Oct 28, 2014 7:07am Oct 28, 2014 7:07am
Quoting Bizzzle
GOLD {image}
yep u defo right on that .., but on one hr tf u can grab the pips b4..use it like that .:'

trade the one hr with the 4 hr trend and the 15 min tf as an momentum factor that would be nice one..

Good to c u here , keep in touch!

God bless,

Eitan.
when GOD brings you a challenge he also gives you the power to deal with it
  • #42,869
  • Oct 28, 2014 7:08am Oct 28, 2014 7:08am
I got update indicators from PAGE 11, Post#156. Really thanks to Cliff!

Now I am wondering how can I setup my first trade entry and exit. Please kindly let me know rules so I will apply and post results here.

I hope we will make good pips with this simple method.

Thanks.
Umee
I Win, I Lose, It's my Job... And I Love it!
  • #42,870
  • Oct 28, 2014 7:15am Oct 28, 2014 7:15am
Quoting eitan1010
{quote} yep u defo right on that .., but on one hr tf u can grab the pips b4..use it like that .:' trade the one hr with the 4 hr trend and the 15 min tf as an momentum factor that would be nice one.. Good to c u here , keep in touch! God bless, Eitan.
Its been a long time nice to see you here
Give yourself a chance and trade it like it's layed out...
  • #42,871
  • Oct 28, 2014 7:30am Oct 28, 2014 7:30am
Quoting 0Bid
After a long wait .. I pulled the trigger and entered long UJ
exited with +14..
  • #42,872
  • Oct 28, 2014 7:42am Oct 28, 2014 7:42am
Quoting Bizzzle
GOLD {image}
it s diamond to me. Thank you for bringing it back for us Bizzzle.
Appreciation is the key to wealth and happiness
  • #42,873
  • Oct 28, 2014 7:50am Oct 28, 2014 7:50am
Quoting emmanuel7788
GBPUSD H1 , it is now LO+2 hours Pull back candle omn H1 seen,...wait! {image} what are the risks for this potential buy setup?
Thanks for the info. I got my green pips delivered from GU long
Attached Image (click to enlarge)
Click to Enlarge Name: GU H1 buy Tue 28.10.14 @7am est +26.png Size: 27 KB
Appreciation is the key to wealth and happiness
  • #42,874
  • Oct 28, 2014 7:59am Oct 28, 2014 7:59am
Can I get update version of this system?

I just got download indicators from PAGE 11, Post#156. Its 3 year OLD post!

Now I am wondering how can I setup my first trade entry and exit with system. Please kindly let me know rules so I will apply and post results here.

I hope we will make good pips with this simple method.

Thanks.
Umee
I Win, I Lose, It's my Job... And I Love it!
  • #42,875
  • Oct 28, 2014 7:59am Oct 28, 2014 7:59am
Quoting likica
{quote} Thanks for the info. I got my green pips delivered from GU long {image}
Likica,
Good to have the courage to keep the trade before news, but what if it turned the other way?!
  • #42,876
  • Oct 28, 2014 8:02am Oct 28, 2014 8:02am
Quoting likica
{quote} Thanks for the info. I got my green pips delivered from GU long {image}
You waited ... patience is important and pulling the trigger .

Precisely the same entry I did when that PCRF 3rd candle closed high.

Edit: add chart.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 28 Oct H1 trades close2.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,877
  • Oct 28, 2014 8:10am Oct 28, 2014 8:10am
Quoting Kouroushi
{quote} Likica, Good to have the courage to keep the trade before news, but what if it turned the other way?!
always have protections
Appreciation is the key to wealth and happiness
  • #42,878
  • Oct 28, 2014 8:12am Oct 28, 2014 8:12am
GBPUSD. me too
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-10-28_19-10-53GBPUSD.png Size: 37 KB
Sad i'm not trying to understand PA
  • #42,879
  • Oct 28, 2014 8:12am Oct 28, 2014 8:12am
Quoting likica
{quote} always have protections
and I have CaveManager capital protection feature to work with my Exit Strategy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,880
  • Oct 28, 2014 8:14am Oct 28, 2014 8:14am
Quoting omonisha
GBPUSD. me too {image}

I think I see a H4 Master Candle on your chart...right?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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