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Trading Made Simple

  • #43,801
  • Nov 13, 2014 8:13am Nov 13, 2014 8:13am
Closed the CADJPY 4hr for a loss as it was going against me. GBPUSD I closed half and moved stops.
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  • #43,802
  • Nov 13, 2014 8:15am Nov 13, 2014 8:15am
Quoting TheScorpS
{quote} Good one as well, EA was ready too at around LO, see Ballisticall following that pair, the last 3 days LO just sold off that pair, with that knowledge alone you can have an edge the last 3 days on this pair
Thank you Scorps for your ongoing charts and kind words,

I decided to follow Phx62's advice and learn the "breathing patterns" of a single currency pair. I've been trading EA H1 exclusively now for 6 weeks with mixed results at first, but more success recently. I really feel like I'm getting to learn how and when this pair moves.

I have found that many times when price is under the 200MA, (as it has been in a down-trend recently) turning points often jump out. I pointed some of these out in Post 43,080. (1st attached image below)

When blue candles appear with long wicks under the 200MA, the retracement leg is exhausting and its time to jump back in on the continuation. The best time to trade these is London Open. (See 2nd attached image showing PA for this week)

I still struggle with trading LO when the trend direction is less obvious, but I'm working on this
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Focus on the process and the profits will follow
  • #43,803
  • Nov 13, 2014 8:32am Nov 13, 2014 8:32am
Quoting notreally
Closed the CADJPY 4hr for a loss as it was going against me. GBPUSD I closed half and moved stops. {image}
Hi notreally, I hope GU goes well. If its not too much trouble would you mind posting the CJ chart - I'm gnerally more interested in losing trades... no problem if this is not possible... thanks!
  • #43,804
  • Nov 13, 2014 9:03am Nov 13, 2014 9:03am
Good morning everyone,

I have a couple of tips for you...

The cleaner & simpler your chart the better. If you look at my charts they are
pretty simple & clean. The less stuff on your charts the better.

Trading comes down to "self discipline.

Their are some hard & fast rules to trading & discipline.
1). Don't risk to much money on any trade.
2). Don't over trade.
3). Anyways demo trade first (for a long time) before you go live.
4). Don't over complicate your system.
5). You have to have discipline & emotional control of yourself.

I would suggest that you "google" self-discipline and really study the subject!

To me self discipline is the key to trading. What we do is very disciplined and very accurate.
We are not winging anything, it is a very calculated method of trading & you have to
stay in control of your emotions.
  • #43,805
  • Nov 13, 2014 9:19am Nov 13, 2014 9:19am
Quoting snarlyjack
Good morning everyone, I have a couple of tips for you... The cleaner & simpler your chart the better. If you look at my charts they are pretty simple & clean. The less stuff on your charts the better. Trading comes down to "self discipline. Their are some hard & fast rules to trading & discipline. 1). Don't risk to much money on any trade. 2). Don't over trade. 3). Anyways demo trade first (for a long time) before you go live. 4). Don't over complicate your system. 5). You have to have discipline & emotional control of yourself. I would suggest...
Hi snarlyjack, many thanks for the guiding suggestions! Could you please let us know what you have on your chart [looking @ post 43741] and (if possible) why? Thanks!
  • #43,806
  • Nov 13, 2014 9:20am Nov 13, 2014 9:20am
Quoting TheScorpS
Today trades, EJ and EA trades, EJ opened following my setup which was ready before LO, EA followed it at LO EA +50 and EJ +55 I was in a GJ trade as well, but that went with lots of chopines and drawdown, closed at BE , later on the market went deeper down, but was not at PC to manage the trade and might get some of that as well All trades following TMS and cross of TDI at the open of the trades {image} {image}
Hi TheScorpS,

Why do you short EurJpy? Do you short before the FO candle closed? The candle before you short seemed like a pullback candle..

Regards,
  • #43,807
  • Nov 13, 2014 9:20am Nov 13, 2014 9:20am
Quoting snarlyjack
Good morning everyone, I have a couple of tips for you... The cleaner & simpler your chart the better. If you look at my charts they are pretty simple & clean. The less stuff on your charts the better. Trading comes down to "self discipline. Their are some hard & fast rules to trading & discipline. 1). Don't risk to much money on any trade. 2). Don't over trade. 3). Anyways demo trade first (for a long time) before you go live. 4). Don't over complicate your system. 5). You have to have discipline & emotional control of yourself. I would suggest...
Lorenzo
  • #43,808
  • Nov 13, 2014 9:22am Nov 13, 2014 9:22am
Quoting lastingwell
{quote}The Au trade was against the D1 tdi which although some people don't like to look at the higher timeframe, you will find a lot of false signals are eliminated that way. With regard to the candle count, yes you are correct, eelfranz always said that a move will be an average of 3-8 candles of the same colour so to keep the odds in your favour it is better to get in earlier than later. As far as support/resistance go if on h4 I don't look at daily s/r I look at weekly and monthly.
Dear Lastingwell,
I took this EURCAD for+30pips on average but have 2 questions for you:
1- Was it a perfect setup?
2- I entered when I saw a good TDI cross in a good context, however the H1 candle was in its first quarter at the entry moment. Was it too risky & I should've stayed for it to be closed? If so, I would miss the main movement!!!
Yours
Attached Image (click to enlarge)
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  • #43,809
  • Nov 13, 2014 9:22am Nov 13, 2014 9:22am
Entered LONG on EURGBP on Daily chart, on yesterday ... at now pipcounter says +59 - closed half and put SL in gain leaving still some air to breathe.

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Lorenzo
  • #43,810
  • Nov 13, 2014 9:32am Nov 13, 2014 9:32am
Quoting Kouroushi
{quote} Dear Lastingwell, I took this EURCAD for+30pips on average but have 2 questions for you: 1- Was it a perfect setup? 2- I entered when I saw a good TDI cross in a good context, however the H1 candle was in its first quarter at the entry moment. Was it too risky & I should've stayed for it to be closed? If so, I would miss the main movement!!! Yours {image}
There was a tms watchdog signal of a cross on my chart at the beginning of the candle you entered on, thats where I would have entered not wait for it to be closed.
  • #43,811
  • Nov 13, 2014 9:34am Nov 13, 2014 9:34am
Quoting Ballistical
{quote} Thank you Scorps for your ongoing charts and kind words, I decided to follow Phx62's advice and learn the "breathing patterns" of a single currency pair. I've been trading EA H1 exclusively now for 6 weeks with mixed results at first, but more success recently. I really feel like I'm getting to learn how and when this pair moves. I have found that many times when price is under the 200MA, (as it has been in a down-trend recently) turning points often jump out. I pointed some of these out in Post 43,080. (1st attached image below) When blue...
'nuff Said.
...
Attached Image (click to enlarge)
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  • #43,812
  • Nov 13, 2014 9:38am Nov 13, 2014 9:38am
Quoting lorbax
Entered LONG on EURGBP on Daily chart, on yesterday ... at now pipcounter says +59 - closed half and put SL in gain leaving still some air to breathe. {image}
very nice trade !!

I took a GJ D1 demotrade and I was 50 pip sin profit .. ,
now itīs only about BE, but I ll let it run until D1 tdi shows me an exit .

I like the idea much to transfer H4 trades to daily trades much , like Snarlyjack recomments .
But wasnīt on my screen for 2 days, so I missed the entry by H4 .
Guido
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #43,813
  • Nov 13, 2014 9:38am Nov 13, 2014 9:38am
Quoting lorbax
Entered LONG on EURGBP on Daily chart, on yesterday ... at now pipcounter says +59 - closed half and put SL in gain leaving still some air to breathe. {image}
Great trade lorbax! Are you finding the D TF better than 1,4H in terms of win% ?
  • #43,814
  • Nov 13, 2014 9:43am Nov 13, 2014 9:43am
Griffinssoul,

Nice meeting you.

My post # 43741, what my chart looks like.

Basic TMS set-up with level's (s/r) & long term guppys.

The market is either trending or ranging in it's movements. 30% of the time
it is trending. The long term guppy is excellent in trending markets and will
show you the way. 70% of the time the market is ranging and will bounce from
level to level. You need s/r levels to guide your trades.

So the levels & guppy show you the playing field. The Tdi will gage, overbought/oversold
conditions and market sentiment and the price action channel (pac) will give you
entry's, exits & market chop.

Used together as 1, they work to tell you where the market is and where it is likely
to go.

My favorite saying is: Bulls make money, bears make money, pigs get slaughtered.
Bulls & bears know exactly what they are doing...
  • #43,815
  • Nov 13, 2014 9:54am Nov 13, 2014 9:54am
Quoting snarlyjack
Griffinssoul, Nice meeting you. My post # 43741, what my chart looks like. Basic TMS set-up with level's (s/r) & long term guppys. The market is either trending or ranging in it's movements. 30% of the time it is trending. The long term guppy is excellent in trending markets and will show you the way. 70% of the time the market is ranging and will bounce from level to level. You need s/r levels to guide your trades. So the levels & guppy show you the playing field. The Tdi will gage, overbought/oversold conditions and market sentiment and the price...
Wow! Thanks so much snarlyjack. I've been reading your previous posts on TF's and I really like your 'transition from 4H to D TF's'. As others have observed some pairs look great on the 4H but not so good on the D, so your method gives them a chance to shift a gear up to the D...
  • #43,816
  • Nov 13, 2014 10:14am Nov 13, 2014 10:14am
Quoting Vladbold
{quote} 'nuff Said. ... {image}
Focus on the process and the profits will follow
  • #43,817
  • Nov 13, 2014 10:15am Nov 13, 2014 10:15am
Quoting griffinssoul
{quote} Wow! Thanks so much snarlyjack. I've been reading your previous posts on TF's and I really like your 'transition from 4H to D TF's'. As others have observed some pairs look great on the 4H but not so good on the D, so your method gives them a chance to shift a gear up to the D...
DDDriiiiive !
Lorenzo
  • #43,818
  • Nov 13, 2014 10:20am Nov 13, 2014 10:20am
Quoting lorbax
{quote} DDDriiiiive !
LOL!
  • #43,819
  • Nov 13, 2014 11:09am Nov 13, 2014 11:09am
Hello Friends,

Top Ten Tips which i follow to be Successful

*Choose Your Trading Style Carefully

*Match Your Trading Style To Your Lifestyle

*Select A Broker That Matches Your Trading Style

*Use A Low-Risk High-Reward Trading Method

*Make Sure Your Trading Method Works in All Markets

*Trade The Best Stocks

*Know When To Sell Your Stocks

*Check Your Winning Edge

*Invest in a good online stock trading education

* Associate With Successful Online Stock Traders

i just share which i try to follow.
  • #43,820
  • Nov 13, 2014 11:26am Nov 13, 2014 11:26am
Anyone using the TMS expert advisor(aka TMS Monitor)?

If so have you got any tips on when to take the trade?

What time of day works best? Do you wait for candle to close? Do you wait for confirmation on multiple time frames? what time frames work best?etc

Any help would be appreciated.

Many thanks

Nods
Intelligence is the ability to adapt to change. Stephen Hawking
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