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Trading Made Simple

  • #44,581
  • Nov 21, 2014 10:47pm Nov 21, 2014 10:47pm
Quoting heispark
{quote} > > > Have a nice weekend!
Quoting Ballistical
{quote} I know I'm a little late to the party but had to say congrats Omonisha! As Big E used to say... best get that wheelbarrow out for all those pips!!! Have a good weekend all! {image}
Have a nice weekend you all
Sad i'm not trying to understand PA
  • #44,582
  • Nov 21, 2014 11:35pm Nov 21, 2014 11:35pm
Quoting likica
just happened to have a look at my journal from mt MT4 with FXCM saw the below message, not sure who could access my acct? broker I guess what for? placing trades?Anyone has any idea? 2014.11.22 03:28:46.826 '': login on FXCM-USDReal02 through External
...Hi likica, are you sure your internet connection didn't just drop-out? ... Have a great weekend everyone... keep practicing on MrAussieFX's simulator... ... keep sharp, make good decisions... lol
  • #44,583
  • Nov 22, 2014 9:41am Nov 22, 2014 9:41am
Quoting griffinssoul
{quote} ...Hi likica, are you sure your internet connection didn't just drop-out? ... Have a great weekend everyone... keep practicing on MrAussieFX's simulator... ... keep sharp, make good decisions... lol
What is MrAussieFX's simulator ?
  • #44,584
  • Nov 22, 2014 10:30am Nov 22, 2014 10:30am
Quoting blade813
{quote} What is MrAussieFX's simulator ?
To back test strategy. check the post

 

  1. Post 43,676

Sad i'm not trying to understand PA
  • #44,585
  • Nov 22, 2014 10:52am Nov 22, 2014 10:52am
Hi,

Can any one provide the TDI indicator with push notification.
  • #44,586
  • Nov 22, 2014 11:28am Nov 22, 2014 11:28am
Good morning Tms,

It's Saturday morning. We have had 24 hours to recover from
our wins and decompress... now it's time to keep going forward!

Listen to this next video and think France (Euro)!
This is what were doing only communicated in a different way.

I hope you enjoy this! sj

Inserted Video
  • #44,587
  • Nov 22, 2014 11:33am Nov 22, 2014 11:33am
Quoting omonisha
{quote} To back test strategy. check the post Post 43,676
Thank you omonisha .. this is awesome .. wish i had know about it before i purchased Forex Tester awhile back !
  • #44,588
  • Nov 22, 2014 11:38am Nov 22, 2014 11:38am
Quoting snarlyjack
Good morning Tms, It's Saturday morning. We have had 24 hours to recover from our wins and decompress... now it's time to keep going forward! Listen to this next video and think France (Euro)! This is what were doing only communicated in a different way. I hope you enjoy this! sj https://www.youtube.com/watch?v=Bm7N...kNkxkkFTd_IJuw

Very nice SJ .. i grew up loving ABBA !!

Have a great weekend !
  • #44,589
  • Nov 22, 2014 1:12pm Nov 22, 2014 1:12pm
Quoting snarlyjack
Good morning Tms, It's Saturday morning. We have had 24 hours to recover from our wins and decompress... now it's time to keep going forward! Listen to this next video and think France (Euro)! This is what were doing only communicated in a different way. I hope you enjoy this! sj https://www.youtube.com/watch?v=Bm7N...kNkxkkFTd_IJuw
  • #44,590
  • Nov 22, 2014 4:53pm Nov 22, 2014 4:53pm
Quoting Esosa
{quote} Hi emannuel, you trade a like a god. How can one trade like you? If i can trade like you at my age then the sky is my limit. Show me the way, sensei.

Hi Esoso,

I don't trade like god. God blessed me with knowledge and I share it with all.

You just need to do the Deep Practice thing until your brain get all wired up and you trade like a robot. (not Robo Cop but a Robo Trader)

The way is learn, practice, practice, practice... everything your learn. Many things you learn will not work for you and you will never use, you 'spit them out into the thrash'. That's my way.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,591
  • Edited 5:33pm Nov 22, 2014 5:07pm | Edited 5:33pm
Hi Folks,

Waking up early today and reading a few PMs from yesterday. Someone asked me a couple of questions and for my view on what happened to EURJPY.
Therefore I do my usual thing and look at my Bg Picture Planning and to see if there is any new S&R to update for next week/month.
Be mindful folks, next week is the last trading week for the month of November hence the MN candle will close and New York re-opens on the Sunday 30th Nov.
Check your economic calendar for any big events.

Attached my EURJPY review and also included an example how Multiple Entries/Multiple Exits ME/ME work trading the D chart on H1 chart.
The ME/ME money management strategy is complex when looking at it the first time. It took me some time to work that out on paper and spreadsheet after my mentor taught me in 2008. But once you figure out the way it is done and tested that in realtime it actually quite simple. Using an EA to help with the trade management will simplify the trading progress and let you focus your time in other more important thigs in life.

Have Fun!
Attached File(s)
File Type: pdf EURJPY week 47 POMO.pdf   432 KB | 794 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,592
  • Nov 22, 2014 9:59pm Nov 22, 2014 9:59pm
Quoting blade813
{quote} Thank you omonisha .. this is awesome .. wish i had know about it before i purchased Forex Tester awhile back !
Hi blade813, MrAussieFX also ran some trades through the sim and made this video (grab ya pop-corn...lol)

Quote
http://www.forexfactory.com/showthre...40#post7874040
  • #44,593
  • Nov 22, 2014 11:20pm Nov 22, 2014 11:20pm
Quoting emmanuel7788
Hi Folks, Waking up early today and reading a few PMs from yesterday. Someone asked me a couple of questions and for my view on what happened to EURJPY. Therefore I do my usual thing and look at my Bg Picture Planning and to see if there is any new S&R to update for next week/month. Be mindful folks, next week is the last trading week for the month of November hence the MN candle will close and New York re-opens on the Sunday 30th Nov. Check your economic calendar for any big events. Attached my EURJPY review and also included an example how Multiple...
Thank you Emmanuel!
Repetition is the Mother of Skill
  • #44,594
  • Nov 22, 2014 11:30pm Nov 22, 2014 11:30pm
Hi Emmanuel, Lastingwell and seniors,

Could u have look at the chart please...it was a good sell cross on 1hr TF...the 4hr TDI(green) was also pointing down..the APB was also red on both the TF...the cross also happened below the 50 level so there was momentum. The cross was also quite strong on the 1 hr TF...somehow it did not work. Any input will be much appreciated.


Regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 33 KB
  • #44,595
  • Edited Nov 23, 2014 1:31am Nov 22, 2014 11:43pm | Edited Nov 23, 2014 1:31am
Quoting dennis4u15
Hi Emmanuel, Lastingwell and seniors, Could u have look at the chart please...it was a good sell cross on 1hr TF...the 4hr TDI(green) was also pointing down..the APB was also red on both the TF...the cross also happened below the 50 level so there was momentum. The cross was also quite strong on the 1 hr TF...somehow it did not work. Any input will be much appreciated. Regards {image}
Hi dennis4u15, I'm sending out an APB for suspicious looking PA in the areas of EUR and US... lol. Don't read too much into this as it was influenced greatly by (red?) red news. When PA hits a vacuum (no bulls to be seen in this case) then every indicator ever invited works in that direction... lol. I could add that it looks congested to me on the 1H TF so just wait until something cleaner happens trend-wise. Keep going!!!

(Oops, I'm not a senior... just a noob here...)
  • #44,596
  • Nov 23, 2014 12:17am Nov 23, 2014 12:17am
Quoting dennis4u15
Hi Emmanuel, Lastingwell and seniors, Could u have look at the chart please...it was a good sell cross on 1hr TF...the 4hr TDI(green) was also pointing down..the APB was also red on both the TF...the cross also happened below the 50 level so there was momentum. The cross was also quite strong on the 1 hr TF...somehow it did not work. Any input will be much appreciated. Regards {image}
Allows me to answer your ques before seniors arrvied and put thier thoughts

According to the chart, there is Trend Line forming at the time for the short trade, as long as EMA 200 acting as support below that, yes there was valid sell entry but which has to be taken aggressively at the break of the hanging man candle ,, and considered to be an aggressive entry , and I would not recommend that since TL and EMA 200 was below that
Attached Image (click to enlarge)
Click to Enlarge Name: EU_H1.jpg Size: 248 KB
I Have Learned to Take Some Losses to Make Profits
  • #44,597
  • Nov 23, 2014 12:23am Nov 23, 2014 12:23am
Quoting dennis4u15
Hi Emmanuel, Lastingwell and seniors, Could u have look at the chart please...it was a good sell cross on 1hr TF...the 4hr TDI(green) was also pointing down..the APB was also red on both the TF...the cross also happened below the 50 level so there was momentum. The cross was also quite strong on the 1 hr TF...somehow it did not work. Any input will be much appreciated. Regards {image}
Whenever you're backtesting, look at FF news page for that date and see if there was anything that could influence the trade.
  • #44,598
  • Nov 23, 2014 12:32am Nov 23, 2014 12:32am
Quoting dennis4u15
Hi Emmanuel, Lastingwell and seniors, Could u have look at the chart please...it was a good sell cross on 1hr TF...the 4hr TDI(green) was also pointing down..the APB was also red on both the TF...the cross also happened below the 50 level so there was momentum. The cross was also quite strong on the 1 hr TF...somehow it did not work. Any input will be much appreciated. Regards {image}
"somehow it did not work"

This is where the problem is, not the market, not the system....

Probability, friend.
  • #44,599
  • Nov 23, 2014 1:17am Nov 23, 2014 1:17am
Quoting TheScorpS
{quote} Allows me to answer your ques before seniors arrvied and put thier thoughts According to the chart, there is Trend Line forming at the time for the short trade, as long as EMA 200 acting as support below that, yes there was valid sell entry but which has to be taken aggressively at the break of the hanging man candle ,, and considered to be an aggressive entry , and I would not recommend that since TL and EMA 200 was below that {image}
hi guys...

Trend line breaks are very important. I use personally use 150ema, I think it grasps the price better than 200. But, always watch for trend line breaks no whatever TF you use or EMA you use..
  • #44,600
  • Nov 23, 2014 1:59am Nov 23, 2014 1:59am
Thanks everyone for the reply...I did not take a look at the news calendar that day...will make sure that I take note of trendlines and the EMAs...I thought I had a good trade on hand but there is always room for improvement and fine tuning our entries....Thanks once again to all of you.


Regards

Dennis
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