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Trading Made Simple

  • #44,861
  • Nov 25, 2014 4:50am Nov 25, 2014 4:50am
Thanks for continuous sharing, good trading, and yes agree TMS is for making good pips

Congrats
I Have Learned to Take Some Losses to Make Profits
  • #44,862
  • Nov 25, 2014 4:50am Nov 25, 2014 4:50am
Quoting Pipsta972
{quote} Beautiful trade!
Appreciate it, thanks
I Have Learned to Take Some Losses to Make Profits
  • #44,863
  • Nov 25, 2014 5:02am Nov 25, 2014 5:02am
Quoting TheScorpS
Lots of good trades everywhere on TMS , that's nice to see , heres EA_H1 , trade taking on the break of FO_H1 high, manually closed for +51 {image}
Well done, ScorpS! Today we have exactly the same trades on EUR/AUD
Quoting lorbax
...another example, maybe not as easy as the previous one on AUDUSD ... why ? NZDJPY Short +65 -- open on today 25/11/14 @ 02.00 GMT Let's start again with daily, no complications: {image} 1) Main big trend is upwards (as we all know .. all JPY are in the same condition) 2) Price is very far away from guppies... so it might converge back at some point (how ? PA down or guppies up? .. we'll see ..) 3) I see a HH and a IB (this time, is a beautiful IB !) ... 4) keep an eye on the break DOWN or UP !! 5) TDI on daily is super-overbought ... much over...
Really nice analysis, good job! Even i don't trade H4 for now, but your charts and your view are very clear and simple to understand. That's really cool and i'm sure it's big help for H4 traders!
  • #44,864
  • Nov 25, 2014 5:03am Nov 25, 2014 5:03am
Quoting Greenb
{quote} Thanks TheScorpS for the explanation earlier. i noticed that you mention on thi spost that you rather wait for LO or FO to give a valid setup to get in EJ. how do you go about in doing that? do you wait for LO to finish the 1h bar or do you just wait and see if the price move through a certain barrier before you get in on the trade?
I trade purely LO, there are times that Price will initiate a trade before LO, at Asian or FO, but there are pips most of the times on LO, so I'd wait LO to open, if theres a valid setup an hour before LO, then I'd take the entry at LO, I need LO to open to tells me direction, sometime it reverses the direction of FO and Asian, and I don't to be in such situation, momentum often picks at London session, so there I trade

See me last trade, EA had valid setup at FO, PCRF breakout entry , I saw that, didn't take it, it was good setup, since I trade purely LO, I focus on what will happens there, but after gaining the required experience , I might start to trade FO as well, because recently I'm starting to trade the Asian Session if there are valid setup on EJ, EA or GJ the pairs I follow and trade.
I Have Learned to Take Some Losses to Make Profits
  • #44,865
  • Nov 25, 2014 5:07am Nov 25, 2014 5:07am
Lorbax can you advise what IB acronym stands for so I can look it up to understand what you mean

thanks
  • #44,866
  • Nov 25, 2014 5:12am Nov 25, 2014 5:12am
Quoting TheScorpS
{quote} I trade purely LO, there are times that Price will initiate a trade before LO, at Asian or FO, but there are pips most of the times on LO, so I'd wait LO to open, if theres a valid setup an hour before LO, then I'd take the entry at LO, I need LO to open to tells me direction, sometime it reverses the direction of FO and Asian, and I don't to be in such situation, momentum often picks at London session, so there I trade See me last trade, EA had valid setup at FO, PCRF breakout entry , I saw that, didn't take it, it was good setup, since...
I have had a lot of success trading LO exclusively.

Caught +60 on EA this morning... Closed manually after price missed my 100 pip TP by a single pip...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
Focus on the process and the profits will follow
  • #44,867
  • Nov 25, 2014 5:14am Nov 25, 2014 5:14am
Quoting lorbax
Guys and girls, I would like to share back my 2 cents, so that hopefully can be useful to others... AUDUSD Short +74 -- open on yesterday 24/11/14 @ 10.00 GMT, as i posted almost real-time on yesterday Let's start with the daily ... no complications: 1) guppies are trending down and PA is under them. ok, I would prefer shorts 2) I hunt for a possible entry, short, so I see a HH and then a IB just after (some can argue it's not a pure IB as the two lows are quite similar, it's just to give an idea, to me the main reason it's the Lower High in this...

Hi lorbax,

your '2 cents' weighs much more that 2 kilograms of Gold.

great share.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,868
  • Nov 25, 2014 5:14am Nov 25, 2014 5:14am
Quoting toledoFX
{quote} Well done, ScorpS! Today we have exactly the same trades on EUR/AUD {quote} Really nice analysis, good job! Even i don't trade H4 for now, but your charts and your view are very clear and simple to understand. That's really cool and i'm sure it's big help for H4 traders!
Thanks alot u nailed it, congrats
I Have Learned to Take Some Losses to Make Profits
  • #44,869
  • Nov 25, 2014 5:16am Nov 25, 2014 5:16am
Hello everyone !

I'm back from sleeping under the rock and excited to be back to contribute to Trading Made Simple !
Take what the market gives you.
  • #44,870
  • Nov 25, 2014 5:16am Nov 25, 2014 5:16am
Quoting GrantMcscott
Lorbax can you advise what IB acronym stands for so I can look it up to understand what you mean thanks
Oh sorry for this, it means Inside Bar: it's a bar/candle pattern, very common and very powerful:

Some extra info about IB:

http://www.dailyfx.com/forex/educati...rade_them.html

cheers.
Lorenzo
  • #44,871
  • Nov 25, 2014 5:21am Nov 25, 2014 5:21am
Quoting toledoFX
{quote} Well done, ScorpS! Today we have exactly the same trades on EUR/AUD {quote} Really nice analysis, good job! Even i don't trade H4 for now, but your charts and your view are very clear and simple to understand. That's really cool and i'm sure it's big help for H4 traders!
convert to H4 !
thank you though, I really appreciated it
Lorenzo
  • #44,872
  • Nov 25, 2014 5:22am Nov 25, 2014 5:22am
This week I am testing a new modification made to the Cave Manager trade manager.
The option will enable us to trail our stops using the 2Candles Look-Back method.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD week 47 25 Nov H1 LO trade update.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,873
  • Nov 25, 2014 5:24am Nov 25, 2014 5:24am
Quoting Tiggrrr
Hello everyone ! I'm back from sleeping under the rock and excited to be back to contribute to Trading Made Simple !

Welcome back Tiggrrr!

Who lifted that rock you were sleeping under? its party time again with you back.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,874
  • Edited 6:49am Nov 25, 2014 5:28am | Edited 6:49am
Quoting emmanuel7788
{quote} Hi lorbax, your '2 cents' weighs much more that 2 kilograms of Gold. great share. regards,
So basically around US$ 84,657.50 @ current price of gold ... hahah
thanks master! - I'm humbled!
Lorenzo
  • #44,875
  • Nov 25, 2014 5:30am Nov 25, 2014 5:30am
TMS Trading Mastery series (2).

hi Folks,

Here is your this week's trading masterty series.

In case your missed the first two, they are in post#44,131 and post#44,235. Click on these link and you will be directed to those two posts.

Do let me know what topics you would like me to share here. Thanks to all who PM me and share your views. Very much appreciate your kind thoughts and gratitude.

Enjoy.
Attached File(s)
File Type: pdf TMS Trading Mastery Series(2).pdf   636 KB | 2,912 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,876
  • Edited 5:44am Nov 25, 2014 5:32am | Edited 5:44am
Quoting emmanuel7788
This week I am testing a new modification made to the Cave Manager trade manager. The option will enable us to trail our stops using the 2Candles Look-Back method. {image}
Sounds very very interesting ...
It would be fantastic if it could manage more than one trader per each pair, so that would be possible to manage multi-entries separately.... another trade manager did that in past MPTM I think it's called, but it's not working on new MT4, I maybe will find some time to tweak the code to be able to re-compile it, but it didn't have the 2candle look-back which is a big difference!

I am not sure I have enough coding skills to add that, I must ask a dear friends who's a programmer for such a thing.
I will keep you posted, just an idea for now.

thanks man!
Lorenzo
  • #44,877
  • Nov 25, 2014 5:32am Nov 25, 2014 5:32am
Thanks Emmanuel!
  • #44,878
  • Nov 25, 2014 5:49am Nov 25, 2014 5:49am
Quoting lorbax
{quote} Sounds very very interesting ... It would be fantastic if it could manage more than one trader per each pair, so that would be possible to manage multi-entries separately.... another trade manager did that in past MPTM I think it's called, but it's not working on new MT4, I maybe will find some time to tweak the code to be able to re-compile it, but it didn't have the 2candle look-back which is a big difference! I am not sure I have enough coding skills to add that, I must ask a dear friends who's a programmer for such a thing. I will keep...

yes, I am also testing it to manage multiple trade entries on one chart. It is working
MPTM work good for basket of trades management. But the coding is very complex to make any modification to trailing using candlesticks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,879
  • Edited 6:49am Nov 25, 2014 6:04am | Edited 6:49am
Quoting emmanuel7788
{quote} yes, I am also testing it to manage multiple trade entries on one chart. It is working MPTM work good for basket of trades management. But the coding is very complex to make any modification to trailing using candlesticks.
indeed.
Lorenzo
  • #44,880
  • Nov 25, 2014 7:33am Nov 25, 2014 7:33am
Quoting snarlyjack
Good morning Phx62, Long time since I've seen & talked with you! I hope your doing great & according to Emmanuel getting ready to retire! You will love it!!! sj
Hey SJ...I am doing well. Just checking in to my favorite thread and checking up on you. I see you & Emmanuel & Scorps & Lastingwell, and lots of others are keeping this thread alive and viable. I am still trading the same way for the past 2 or 3 years. I am semi-retired...work 3 days a week in the family business just to bug my kids and grandkids and I still trade 4 or 5 days a week. Life is good. Hope all is well with you.
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