A weird trade... came up with good angle on the 1H then collapsed, just missed my SL, then crawled up the trendline after a weak cross... (weak cross on 4H) currently +50pips... lol
EDT: hit TP @ +87pips
Trading Made Simple the right way, and other trading lessons 333 replies
Monitor for 'Trading Made Simple' system 563 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
DislikedGood Morning TMS I see lots of traders following TMS at recent days which good and am happy to see you all here contributing to TMS, at the time of I started trading there were the same in TMS , ie lots of new traders and me, at that time I didnt even new that a 6 pip draw-don was only minor draw-don and thought that it was 60 pips draw-down, basically nothing I new , spent the first year trying TMS, nothing seems to be working but I knew that it was because I didn't understand how it should work and how I must go about it Later on in the second...Ignored
Disliked{quote} You´re 100 % right , it will need thousands of screen hours . I had the same with the choros system .. I can recommment to post as much trades ( winners and specially losers as well ) to get confidence and to mget an input what was well / wrong on a trade. The other thing is backtesting / using the simulator a lot !!!! ( It will save you much time to train your skills) The good thing in the simulator is , you see quickly it works .. and if it works onn the simulator , you can transport it to a demo .. By the way : congrats buddy for your...Ignored
Disliked{quote} You´re 100 % right , it will need thousands of screen hours . I had the same with the choros system .. I can recommment to post as much trades ( winners and specially losers as well ) to get confidence and to mget an input what was well / wrong on a trade. The other thing is backtesting / using the simulator a lot !!!! ( It will save you much time to train your skills) The good thing in the simulator is , you see quickly it works .. and if it works onn the simulator , you can transport it to a demo .. By the way : congrats buddy for your...Ignored
DislikedMorning TMS I can see a nice setup forming on A/U strong bull bar closing in 10mins. Price currently in uptrend + strong 2 o clock cross of TDI + MBL + 200 EMA support. There is a lot of confluence on this setup. I am targeting the previous high but we will see how it plans out. Any thoughts from anyone would be appreciated {image}Ignored
Disliked{quote} Hello TwistedTrade, It's the 34 ma of the 13 period rsi. Red is the 7ma. Green is the 2ma.Ignored
Disliked{quote} it's the Simple Moving Average of RSI over 34 Periods, Blue Bands are 2 times standard deviation of MBL = Bollinger Bands of MBLIgnored
Disliked{quote} Stopped out although the setup looked promising, went in my favour for about +6 and now came back to hit my 30 pip stop. Can someone pls advise what was wrong with this setupIgnored
Disliked{quote} I didn't place any order for the EurJpy yet as the bearish close candle was not lower the the first blue candle low. And i rmb that BRN is an sensitive area where price can bounce 50 pips from BRN.Ignored
Disliked{quote} Great trade Olafff A weird trade... came up with good angle on the 1H then collapsed, just missed my SL, then crawled up the trendline after a weak cross... (weak cross on 4H) currently +50pips... lol EDT: hit TP @ +87pips {image}Ignored
Disliked{quote} Thanks! you managed to grab nice pips as well! well done! yeah it was bit unusual, I was betting that this pair would retest highs from the early Monday morning, but there were some news coming out and I don't like to be caught on the wrong side of the trade because of it. so got out early.Ignored
Disliked{quote} You´re 100 % right , it will need thousands of screen hours . I had the same with the choros system .. I can recommment to post as much trades ( winners and specially losers as well ) to get confidence and to mget an input what was well / wrong on a trade. The other thing is backtesting / using the simulator a lot !!!! ( It will save you much time to train your skills) The good thing in the simulator is , you see quickly it works .. and if it works onn the simulator , you can transport it to a demo .. By the way : congrats buddy for your...Ignored
Disliked{quote} The best summary ever!! Worth reading 100 times... Thank you.Ignored
DislikedEU_H1 for +18 pips, I might have exited early, but into next one, entry on the break of last FO_H1 bar {image}Ignored
Disliked{quote} good post and I agree...but may not be enough. remember this Ancient wisdom: I hear and I forget. I see and I remember. I do and I understand. -Confucius (551 BC - 479 BC)Ignored
Disliked{quote} Hi Kanderpro, Sorry for this late reply. I start my year-end vacation this week so I have only time at night to catch up with this forum. PCRF is a term created by Phx62. I studied all his charts very closely and learned that there are many of such PCRF which consist of 3 price bars. Hence I specifically call them 3-bar PCRF in my posts. This is also consistent with what I learned from a Japanese Candlestick course by Steve Nison few years ago. There are also other PCRF type of chart patterns. To trade the PCRF with higher probability it...Ignored