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Trading Made Simple

  • #44,241
  • Nov 19, 2014 4:56am Nov 19, 2014 4:56am
Quoting erelation
{quote} Thanks Griffinssoul. Hope this can be a profitable trade..... more important is build up confidence in trade using TMS.
What I do is say 'one thing at a time'... first I'm working on the entries... worry about the other stuff later... lol
  • #44,242
  • Nov 19, 2014 5:01am Nov 19, 2014 5:01am
Quoting lorbax
{quote} my TP: 1.572 area
I think it could break that resistance line and go higher to the next resistance 1.57807, based on the strength of the move. Strongest bull move in a while.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,243
  • Nov 19, 2014 5:02am Nov 19, 2014 5:02am
Quoting nods80
{quote} I think it could break that resistance line and go higher to the next resistance 1.57807, based on the strength of the move. Strongest bull move in a while.
i don't wanna think

i see ... i do ....
Lorenzo
  • #44,244
  • Nov 19, 2014 5:05am Nov 19, 2014 5:05am
Quoting lorbax
{quote} i don't waana think i see ... i do ....
That would give me some serious bragging rights seen as it's my first 4hr trade i'm off to bed fingers and toes crossed.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,245
  • Nov 19, 2014 5:08am Nov 19, 2014 5:08am
Quoting nods80
{quote} That would give me some serious bragging rights seen as it's my first 4hr trade i'm off to bed fingers and toes crossed.
Goodluck nods80 - I hope it works out! Dream Green Pips !!! ...lol
  • #44,246
  • Nov 19, 2014 5:24am Nov 19, 2014 5:24am
Quoting omonisha
GBPJPY. IB Break {image}
you gotta have iron balls for these .... wow ... i'm impressed! well done!!
Lorenzo
  • #44,247
  • Nov 19, 2014 6:06am Nov 19, 2014 6:06am
Quoting lorbax
{quote} you gotta have iron balls for these .... wow ... i'm impressed! well done!!
Thanks lorbax. Not much risk i put on it. Price could well be gone against me. Rejection of 181 BN and yesterday IB tempted me to take the trade. But was not getting any opportunity SL needs too high.. At the LO price pulled back a little and bounce on TDI on 1H TF. Put a SL 5 pip below LO and entered at the break of the IB. Price almost hit my SL but turn around
Sad i'm not trying to understand PA
  • #44,248
  • Nov 19, 2014 6:26am Nov 19, 2014 6:26am
Quoting emmanuel7788
{quote} I have lots of wall paper, you like wall paper too, here is one which will remind you that when you want to trade with price action using those price bar patterns like IB, BUOB/BEOB. BEEB/BUEB, PB, etc... Always reminder the higher probability ones are in the higher TF. When you trade those seen in lower TF like H1, you mostly certainly get caught up in the H1 market 'noise'. {image}
Thanks Emmanuel. It helps. I finally have been convienced by many gurus here and now I am migrating to 4H trading....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #44,249
  • Nov 19, 2014 6:47am Nov 19, 2014 6:47am
Quoting omonisha
GBPJPY. IB Break {image}
Thats pure form of trading, easy and simple straight forward, cant get enough of ur chart, thanks a lot
I Have Learned to Take Some Losses to Make Profits
  • #44,250
  • Edited 7:15am Nov 19, 2014 6:51am | Edited 7:15am
Quoting griffinssoul
Ok, here we go... GA 4H (first chart) +65pips @ the moment ... but this is not the focus for me at the moment... I looked @ the D1 TF (second chart) to see a nice confirmation before hand, applying the Lastingwell method... same story AU +35pips... (practicing the entries first... drawdown was -9pips). Lastingwell points out that under these circumstances you are permitted to BE(+comm ) should the market go against you after the initial stages of the trade... EDT: GA @ +147pips... Observation: cross is developing nicely on the D1 [well not really...
...+180pips(total), looking good - staying frosty, TP in sight - called contact - eta USO, ... Golf Sierra...
  • #44,251
  • Nov 19, 2014 7:01am Nov 19, 2014 7:01am
Quoting omonisha
{quote} Thanks lorbax. Not much risk i put on it. Price could well be gone against me. Rejection of 181 BN and yesterday IB tempted me to take the trade. But was not getting any opportunity SL needs too high.. At the LO price pulled back a little and bounce on TDI on 1H TF. Put a SL 5 pip below LO and entered at the break of the IB. Price almost hit my SL but turn around
Well done really, the 'iron balls' it's only because I tend to be biases that xxx/JPY ran so much high up already
I know it's a psychological limit of mine.

Thanks for the explanation also, good to learn!
Lorenzo
  • #44,252
  • Nov 19, 2014 7:07am Nov 19, 2014 7:07am
Hi
I have been in the USD/CAD long currently 45 pips up trading on the 4 hour chart and moving to the daily. Opened the trade last night after bouncing of the weekly support.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 45 KB


Also short on the EUR/GBP today after it bounced of resistance and hoping for the same pattern as on the daily chart also ther was a TDI cross on the H1 and H4

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 27 KB
  • #44,253
  • Nov 19, 2014 7:08am Nov 19, 2014 7:08am
GU_H1, trade opened after news, good for +40 , TP set at ADR high, on a downtrend pair
Attached Image (click to enlarge)
Click to Enlarge Name: GU_H1.jpg Size: 368 KB
I Have Learned to Take Some Losses to Make Profits
  • #44,254
  • Nov 19, 2014 7:09am Nov 19, 2014 7:09am
Good morning Tms,
(it's 6:00 a.m. my time)

Congrat's Griffinssoul,

The 4 hour & Daily charts are the cat's meow
Keep frosty!
  • #44,255
  • Nov 19, 2014 7:17am Nov 19, 2014 7:17am
Quoting emmanuel7788
Hi TMS Folks, Having read most of today posts and trades by some good traders here, I say well done.. to those who did good trades. Let me share with you the first series of TMS Trading Mastery using this weeks market price action. I did this in pdf as suggested by one member and I think this will be easier to download and read when you are offline. Enjoy! I run now to dinner of BBQ chicken and couple of wiezen. bis später {image}
Thanks Emmanuel... Really appreciate what you do for us
  • #44,256
  • Nov 19, 2014 7:17am Nov 19, 2014 7:17am
Quoting likica
{quote} It s 1 of my accts with ICmarkets where I my all sorts of trades from H4 to M5 . I noticed that most of my trades during US session are losers which made my stat in red. I m thinking of stop trading FX during those hours since I was too busy on Oil (my oil trades placed on NT, sometimes, if I had enough time, I managed to have a few on mt4 fxcm). Focusing on 1 TF (tried to change from M5, M15 to H1, H4, D1) is still my biggest challenge.
Why? are you no longer scalping Oil? I switched to trading oil exclusively after finding it easier to predict with TMS than forex.
  • #44,257
  • Nov 19, 2014 7:17am Nov 19, 2014 7:17am
I wanted to show you a update on the usd/jpy on the weekly chart.
Using Lastingwell's supply/demand indicator.
I wonder how many "big guys" rode this thing all the way up?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 59 KB
  • #44,258
  • Nov 19, 2014 7:21am Nov 19, 2014 7:21am
Quoting snarlyjack
Good morning Tms, (it's 6:00 a.m. my time) Congrat's Griffinssoul, The 4 hour & Daily charts are the cat's meow Keep frosty!
Hi snarlyjack, +180pips is too much for me personally... my motto is don't be greedy and this is too greedy for me... but from a trading point of view what you senior traders are teaching us here is "GOLD" - make no mistake, you would be paying many $$$ to get this kind of advice... but here its for free... pay-it-foward traders
  • #44,259
  • Nov 19, 2014 7:26am Nov 19, 2014 7:26am
Griffinssoul,

Eelfranz, Emmanuel & Lastingwell have been playing it forward for a long time!
I'm sure they have helped hundred's of traders get profitable.
My hat is off to all of them! Running this thread is not easy.
Plus their knowledge of the subject is outstanding!

Thanks Emmanuel & Lastingwell
  • #44,260
  • Nov 19, 2014 7:29am Nov 19, 2014 7:29am
Quoting snarlyjack
Griffinssoul, Eelfranz, Emmanuel & Lastingwell have been playing it forward for a long time! I'm sure they have helped hundred's of traders get profitable. My hat is off to all of them! Running this thread is not easy. Plus their knowledge of the subject is outstanding! Thanks Emmanuel & Lastingwell
Yep, Eelfranz, Emmanuel & Lastingwell ... and you mate! Your advice and support has been spot-on, I believe you are the most experienced trader here... perhaps the most modest... lol!
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