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Trading Made Simple

  • #44,321
  • Nov 19, 2014 6:35pm Nov 19, 2014 6:35pm
Quoting snarlyjack
L14myj, Let me give you an example of what I'm talking about. Study the aud/usd chart. {image}
I took this trade on D1. It is a Demo one though. Currently, gain of 100 pips. Took the trade once the PA was rejected at the PAC. D1 & W1 guppy pointing downward.

My rule :
1) Check the trend ( Guppy)
2) PA rejecting the PAC
3) TDI cross with good angle.

SJ, Do you want to add more to my rules? Give your inputs.
With your trading pairs, how many D1 trades you take in a month?

regards,
AB
  • #44,322
  • Nov 19, 2014 6:47pm Nov 19, 2014 6:47pm
Quoting snarlyjack
L14myj, Let me give you an example of what I'm talking about. Study the aud/usd chart. {image}
What do you think about this trade? I am in with 20 pip profit. Entry is correct.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-19_19-45-48.png Size: 110 KB
  • #44,323
  • Nov 19, 2014 8:10pm Nov 19, 2014 8:10pm
Ababias,

We want to keep our charts as clean & simple as possible.

Haendlerine was correct when he said every line will change
how you look at things. We want our view of the market
very clean. With this in mind, I would remove the black & red
lines. All we need is the pac, long term guppy's, tdi & s/r.
Maybe a 200 ema (optional). Just a clean, simple chart.

With that said the trade looks good to me. It should go
down to the s/r. But keep in mind that things can & do happen.
Set your stop at the top of the swing high (where the red dashed line is).
Remember we are playing the probabilities. Given enough trades
our edge "tms" will work out.

Hope this helps you...
  • #44,324
  • Nov 19, 2014 8:19pm Nov 19, 2014 8:19pm
EURJPY trade 115 pips

Thanks PHX62 sir for your tips to close trade on APB color change.
Attached Image (click to enlarge)
Click to Enlarge Name: 20.11.14 EURJPY.H1.png Size: 37 KB
  • #44,325
  • Nov 19, 2014 8:21pm Nov 19, 2014 8:21pm
Quoting ababias
{quote} I took this trade on D1. It is a Demo one though. Currently, gain of 100 pips. Took the trade once the PA was rejected at the PAC. D1 & W1 guppy pointing downward. My rule : 1) Check the trend ( Guppy) 2) PA rejecting the PAC 3) TDI cross with good angle. SJ, Do you want to add more to my rules? Give your inputs. With your trading pairs, how many D1 trades you take in a month? regards, AB

Ababias,

Those are good basic rules.

As the apb's move into the guppy's, the more interested I get.
Were trading "retracements & trends"

Trading the 4 hour charts I try to get as many good 4 hour
trades as possible. Their are lot's of trades, everyday!
  • #44,326
  • Nov 19, 2014 10:39pm Nov 19, 2014 10:39pm
Quoting snarlyjack
{quote} Ababias, Those are good basic rules. As the apb's move into the guppy's, the more interested I get. Were trading "retracements & trends" Trading the 4 hour charts I try to get as many good 4 hour trades as possible. Their are lot's of trades, everyday!
Hi SJ,

today making an early pit stop to replenish and stock up for the next long trip...2400km from Port Augusta, SA to Albany, WA.

mobile trading takes another dimension with mobile broadband coverage at most national parks.

Attached Image (click to enlarge)
Click to Enlarge Name: mobile trading.png Size: 326 KB



Hi Folks,

Listen to SJ, a pair of old hands we have in our TMS family.

there is a Trend in every chart timeframe. you need to know which trend you are trading and find the 'sweet spot' on H1.

Attached Image



regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,327
  • Nov 19, 2014 10:45pm Nov 19, 2014 10:45pm
Quoting manoj_3986
EURJPY trade 115 pips Thanks PHX62 sir for your tips to close trade on APB color change. {image}

Hi Manoj,

Good Trade! excellent management and exit.

yes, that is a proven exit when the APB/HA change colour. Very safe.
tested the codes and I had one logic error handling when I accidentally switch chart TF. need TF selection to be hard coded to prevent chart TF switch error.
also trying to make trailing stop using 2-candle look-back i.e. to move stop to the previous 2 candles low for buy and high for sell.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,328
  • Nov 19, 2014 10:51pm Nov 19, 2014 10:51pm
Emmanuel,

Now your talking!!!

How nice is that set-up. I hope you have a great time, I'm very
jealous... Live the dream you deserve it!

Lastingwell & I will hold down the fort while your enjoying the vacation.
Everything is under control...just enjoy yourself.
We will be waiting your your return to us, check in whenever you can!

The best part of trading is all you need is a wifi connection at the local
starbucks and a lap top. You can trade & communicate to us from
anywhere in the world. How awesome is that...the dream!!!

Have fun & be safe but enjoy life!!!

sj
  • #44,329
  • Nov 19, 2014 10:51pm Nov 19, 2014 10:51pm
Quoting emmanuel7788
{quote} Hi SJ, today making an early pit stop to replenish and stock up for the next long trip...2400km from Port Augusta, SA to Albany, WA. mobile trading takes another dimension with mobile broadband coverage at most national parks. {image} Hi Folks, Listen to SJ, a pair of old hands we have in our TMS family. there is a Trend in every chart timeframe. you need to know which trend you are trading and find the 'sweet spot' on H1. {image} regards,
there should be a rule banning you for posting summer picture this close to December

on the other note....EJ jumped up a bit more. its on 50pips trail stop now. i'm not sure if i should keep updating the TP or just letting it go.
shame i lost my UJ to that spike earlier today
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 64 KB
Daniel
  • #44,330
  • Nov 19, 2014 10:52pm Nov 19, 2014 10:52pm
Quoting Greenb
update after FOMC....totally forgotten about this in response i lost my position on UJ right after the news comes out, shoot down pass my sl and got me to -1 pips and now it's moving back in its original position...

that UJ was nasty one...swing down and the swing up.

exactly the same happend on the previous day 18Nov duringt the consolidation.

EU did well based on R multiples.... a nice 3R trade.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 week 47 3R trade.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,331
  • Nov 19, 2014 10:57pm Nov 19, 2014 10:57pm
Quoting emmanuel7788
{quote} that UJ was nasty one...swing down and the swing up. exactly the same happend on the previous day 18Nov duringt the consolidation. EU did well based on R multiples.... a nice 3R trade. {image}
i didn't take the EU trade from 18. my chart is a bit different compared to yours
mine's 1st APB is such a small candle i ignored it, the next one is just very big and i don't really want to chase after price
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 87 KB
Daniel
  • #44,332
  • Nov 19, 2014 10:59pm Nov 19, 2014 10:59pm
Quoting Greenb
{quote} there should be a rule banning you for posting summer picture this close to December on the other note....EJ jumped up a bit more. its on 50pips trail stop now. i'm not sure if i should keep updating the TP or just letting it go. shame i lost my UJ to that spike earlier today {image}

...

you folks take care when trading the JPY pairs...

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,333
  • Nov 19, 2014 11:04pm Nov 19, 2014 11:04pm
Quoting snarlyjack
Emmanuel, Now your talking!!! How nice is that set-up. I hope you have a great time, I'm very jealous... Live the dream you deserve it! Lastingwell & I will hold down the fort while your enjoying the vacation. Everything is under control...just enjoy yourself. We will be waiting your your return to us, check in whenever you can! The best part of trading is all you need is a wifi connection at the local starbucks and a lap top. You can trade & communicate to us from anywhere in the world. How awesome is that...the dream!!! Have fun & be safe but...

Thanks SJ.

I am really having a swell time having worked many years to see my mobile dream, and my retirement account is growing steadily.
I know Phx62 also growing his retirement account just trading the H1 charts. He is another a great guy like you.

kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,334
  • Nov 19, 2014 11:15pm Nov 19, 2014 11:15pm
Quoting emmanuel7788
{quote} Hi Manoj, Good Trade! excellent management and exit. yes, that is a proven exit when the APB/HA change colour. Very safe. tested the codes and I had one logic error handling when I accidentally switch chart TF. need TF selection to be hard coded to prevent chart TF switch error. also trying to make trailing stop using 2-candle look-back i.e. to move stop to the previous 2 candles low for buy and high for sell. regards,
Thanks Sir.. Will try to hardcode time frame in the ea. Thanks for pointing out the same.
  • #44,335
  • Nov 19, 2014 11:29pm Nov 19, 2014 11:29pm
Quoting Pipsta972
Hello everyone, Been reading this lovely thread for a while now and I wanted to say thank you to all the amazing contributors. The knowledge and insight shared here is unparalleled and even though I've been passively reading for quite some time I decided to be more proactive in my participation. I wanted to say thank you for all your guys generosity in helping new traders. Took a trade on AUD/JPY (red vertical line) yesterday at LO. Entered a little late (right there where gray horizontal price line is), second candle entry with TTF RSI and TSL...

Hi Pipsta,

Yen has been weakening and we do not know when that will end.
18 Nov was consolidation seen on your H1 chart, that was Day Inside Bar.

Today, we see Double Day Inside Bar, this is an opportunity I look for on D1 chart and using H1 entry.

To be safe, trade away from the Day Open and away from the 200EMA.

now some lighter moment to relax our minds.

Attached Image


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,336
  • Nov 19, 2014 11:41pm Nov 19, 2014 11:41pm
Quoting emmanuel7788
{quote} Hi Pipsta, Yen has been weakening and we do not know when that will end. 18 Nov was consolidation seen on your H1 chart, that was Day Inside Bar. Today, we see Double Day Inside Bar, this is an opportunity I look for on D1 chart and using H1 entry. To be safe, trade away from the Day Open and away from the 200EMA. now some lighter moment to relax our minds. {image} regards,
Konnichiwa Emmannuel!

Thank you for your pointers. Very helpful indeed. Enjoy your trip!
Repetition is the Mother of Skill
  • #44,337
  • Nov 19, 2014 11:41pm Nov 19, 2014 11:41pm
Hey everyone,

Emmanuel is the perfect example of a professional trader.

Most people think professional traders have a great office with a huge desk,
several computers & super high speed internet connections with special software.

But is this image of a professional trader realistic?

I don't think you need any of that stuff to be a professional trader!
I think you need a lap-top computer, internet connection & your brains!

The reality is a guy setting at the local Starbucks coffee shop or Barnes &
Noble book store with a free internet connection doing their thing in
the markets.

Why learn to trade? It could be the best job in the world! Where else
could you make a ton of money & have your freedom? This could be
the opportunity of a lifetime for a lot of us...

What we need to do...is to open our minds to the possibilities of what
this world has to offer us. Think outside the box...let your mind dream.
Then get the system in place, learn to trade it & have a great life.

The question is: Are you willing to work & learn? I know I'm willing
to do the hard work because I can see the payoff. I think some of
the greatest traders in the world trade off of a lap-top at Starbucks!

Thanks Emmanuel for the inspiration

sj
  • #44,338
  • Nov 19, 2014 11:51pm Nov 19, 2014 11:51pm
Quoting manoj_3986
EURJPY trade 115 pips Thanks PHX62 sir for your tips to close trade on APB color change. {image}
Hi Manoj,

Greate Trade. Just keep repeating same.

Thanks

MKFX
  • #44,339
  • Nov 19, 2014 11:59pm Nov 19, 2014 11:59pm
Quoting Pipsta972
{quote} Konnichiwa Emmannuel! Thank you for your pointers. Very helpful indeed. Enjoy your trip!
Hi,

Good day!
here is a quick chart to explain what I meant.
we have a Big Round Number BRN 102.00 in play this week.

note the Yellow MBL is flat and at the 50-level. Buy when PA is above 50-level.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY H1 20 Nov pre-LO.png Size: 72 KB


Trade Safe!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,340
  • Nov 20, 2014 12:24am Nov 20, 2014 12:24am
Quoting emmanuel7788
{quote} Hi, Good day! here is a quick chart to explain what I meant. we have a Big Round Number BRN 102.00 in play this week. note the Yellow MBL is flat and at the 50-level. Buy when PA is above 50-level. {image} Trade Safe!
Thank you so much for your comments on the AJ chart Emmanuel.

I've been trading actively for a couple of months and the "predicament" I'm in is - how simple should I keep my decision making and how much complexity is needed to get it "right". I know what I just wrote couldn't be more vague but I'll get there.

It's great to be part of this thread.

Many thanks again!
Repetition is the Mother of Skill
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