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Trading Made Simple

  • #45,021
  • Nov 26, 2014 10:48am Nov 26, 2014 10:48am
Quoting snarlyjack
Lorbax & Nods80, All I can say is after trading Tms for 7 years now. It has worked out very well for me When I started out I didn't know anything about trading! So I know first hand that all of this is possible and real...
when you started out did your loved ones support you? mine take the P%$s. But mainly because my real name is Gordon and I own a gecho. My Partner is behind me but my colleagues, church and friends don't think it's possible and that i'm just chasing a get rich scheme.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,022
  • Nov 26, 2014 10:48am Nov 26, 2014 10:48am
Sesamstrasse,

It looks to me you went long right at the s/r level then
it turned down. The good news is the stop kept
you from losing more. Keep on trucking...
  • #45,023
  • Nov 26, 2014 10:56am Nov 26, 2014 10:56am
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  • #45,024
  • Nov 26, 2014 10:58am Nov 26, 2014 10:58am
Quoting nods80
{quote} when you started out did your loved ones support you? mine take the P%$s. But mainly because my real name is Gordon and I own a gecho. My Partner is behind me but my colleagues, church and friends don't think it's possible and that i'm just chasing a get rich scheme.
Nods80,

That is a excellent question!

First of all I don't tell very many people what I do.
Most people (99%) have no idea what I'm talking about.

I have found that I think totality different than most people I
know. They are telling me "I'm 100% invested in the stock market
& it's going to 25,000 on the dow" And I think to myself, I doubt it!

So I try very hard not to share my opinions. Posting on this forum is
very hard for me. Cause I trade differently than most people. But it's
such a profitable way to trade that I wanted to play it forward... That
is what Eelfranz would have wanted from me...

To answer your question: Keep things close to your vest
  • #45,025
  • Nov 26, 2014 11:01am Nov 26, 2014 11:01am
Sorry! I am new to posting attachments. These questions go with my last chart posting.

I entered this trade short last night at 2am PST, the recommended time to check my charts. There was a cross to the downside, green over red and 2 full red HA candles on the chart. This is just before the bullish blue HA so it looked to be making a move to the downside. Seems like the stoc indicator went in the correct direction but now Im not sure. I exited the trade with a loss at 6am PST. The only thing I can see that didn't match the formula is that I was very close to the 30 on the TDI. Can anyone else help? Thanks!
  • #45,026
  • Nov 26, 2014 11:01am Nov 26, 2014 11:01am
Quoting nods80
{quote} when you started out did your loved ones support you? mine take the P%$s. But mainly because my real name is Gordon and I own a gecho. My Partner is behind me but my colleagues, church and friends don't think it's possible and that i'm just chasing a get rich scheme.
The best trader I know, a women who regularly makes 600 to 1000 pips daily, had the same problem. She just doesn't talk to friends and family
about her trading any more, she believes that negativity harms her trading so try's not to associate with negative people. If you must tell people what you do then say it's a business, people have more respect for a 'business'.
  • #45,027
  • Nov 26, 2014 11:07am Nov 26, 2014 11:07am
Snarlyjack, can you tell me what broker you use? Thanks!
  • #45,028
  • Nov 26, 2014 11:11am Nov 26, 2014 11:11am
Quoting Tanglewood
{quote} The best trader I know, a women who regularly makes 600 to 1000 pips daily, had the same problem. She just doesn't talk to friends and family about her trading any more, she believes that negativity harms her trading so try's not to associate with negative people. If you must tell people what you do then say it's a business, people have more respect for a 'business'.

Tanglewood,

I totality agree with this & your friend.

I treat this as a business. When I take a loss, I consider
it a business expense. Make money & lose money it's
all part of the business. But...what a great business it is...
  • #45,029
  • Nov 26, 2014 11:34am Nov 26, 2014 11:34am
Quoting RickMusick
What if you're bullish on the 4H but bearish on the 1D? I'm currently long on NZD/JPY and I have ran into this pretty often. Would that be a bad trade? I just set my Limit under resistance. Thank you for everything guys. This thread is awesome! I am currently at page 12. It cool to see the history of the system through the thread.
RickMusick,

Nice meeting you.

The daily chart is "king", especially the tdi on the daily chart.
Their are 6, 4 hour bars in the daily chart.
The best trades are when they line up. But if they don't line
up I watch them very close. I trade off of the 4 hour chart
and try to feed it into the daily chart. I look for more of the
over all trend on the daily. That way if things fall apart I can
hold my position and let it chop around and I know that sooner
or later I'll be in profit. It might take a week for it to pop into
profit but I can wait it out! The market chops around all the
time just to mess with people. My holding time is from 1 day to
a week. I refuse to liquidate out on a loss, I'll let my stop
take me out for better or worse.
  • #45,030
  • Nov 26, 2014 11:39am Nov 26, 2014 11:39am
Quoting snarlyjack
Sesamstrasse, It looks to me you went long right at the s/r level then it turned down. The good news is the stop kept you from losing more. Keep on trucking...
totally agree , one loser wonīt kick me out of track ..
sometimes it just donīt work .. thatīs okay .. as long as around 66 of hundrerd work , all is fine

You īre doing a good job here .. just wanna say thanks for that
Guido
Risiko birgt immer auch die Chance.
  • #45,031
  • Nov 26, 2014 11:42am Nov 26, 2014 11:42am
Hello guys

I am a silent lurker, just reading and learning from you, not posting much.
Just wanted to ask about this one.

TDI is oversold, going up, almost crossed, should I wait for a second candle to confirm it ?
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  • #45,032
  • Nov 26, 2014 11:55am Nov 26, 2014 11:55am
Quoting MrAussieFX
{quote} Thanks SJ, appreciate it. Although, I did grab 128 pips on the daily due to CM and missed the overall 300 pips. The most important part was take the trade, leave it on and check when you can (9 -10 hours in my case). Stress free TMS trading. P.S. Why don't forex factory have like and thanks tabs for the posts. It would be much easier to say thanks and like the posts and get them archived in your portfolio for quick reference. Looking forward to shorting EN Daily tomorrow morning (9 AM AEST) when I get my new candle (NY close). {image} Kindest...


Awesome Trade! Your discipline of trading is wonderful. It a mark of a upcoming and successful trader. I will monitor your trade closely because your trading style suits mine. Please put lot of details and more trades (with images) whenever possible. I will catch with you regarding CM later on.

By the way, did you stop using APB?

regards,
AB
  • #45,033
  • Nov 26, 2014 1:01pm Nov 26, 2014 1:01pm
Quoting ababias
{quote} Awesome Trade! Your discipline of trading is wonderful. It a mark of a upcoming and successful trader. I will monitor your trade closely because your trading style suits mine. Please put lot of details and more trades (with images) whenever possible. I will catch with you regarding CM later on. By the way, did you stop using APB? regards, AB

Can I answer this?

I don't have a problem with this at all. We all trade to our comfort
level. And, were all at different places in our trading...

So MrAussieFX go for it!!!
  • #45,034
  • Nov 26, 2014 1:03pm Nov 26, 2014 1:03pm
Hi SJ

Still cant find a opening - been looking for H4 and D1 that line up to no avail - Is GMT 8am a bad time to do this?
  • #45,035
  • Nov 26, 2014 1:16pm Nov 26, 2014 1:16pm
Twellve,

Nice meeting you.

Which chart (pair) are you talking about?
Can you post some images?
  • #45,036
  • Nov 26, 2014 1:33pm Nov 26, 2014 1:33pm
Twellve,

I think your asking this?

I start looking for trades on the 4 hour candle
before the L/O. (My 9:00 p.m. candle).

I will start to exit my trades in the N/Y morning session or
try to convert it to a end day trade on the daily.

Each N/Y close (5:00 p.m. my time) I will check where were at
and see where the levels are. I target different levels. Imho, the
markets go from level to level and zig-zag's in between the levels.
  • #45,037
  • Nov 26, 2014 1:35pm Nov 26, 2014 1:35pm
@ Snshne and Rupani

Here is my view on AUDUSD and why everything screams BULLISH to me.
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  • #45,038
  • Nov 26, 2014 1:44pm Nov 26, 2014 1:44pm
Moretti12,

Looks good doesn't it.
But the trend is sharply down.
So before I took that trade (long), I would check the
trend for my own warm fuzzy's. But hey that's
just me.
  • #45,039
  • Nov 26, 2014 1:49pm Nov 26, 2014 1:49pm
Hi SJ - even nicer to meet you too!!

Take G/J (if thats right for Gbp/Jpy) graphs right now both H4 and D1 are overbought but IMHO there maybe something left however I can see the marker pointing to down on both - am I reading them all wrong?
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  • #45,040
  • Nov 26, 2014 1:52pm Nov 26, 2014 1:52pm
SJ,

You've obviously been around since the inception of this trading method! I am curious to know what the biggest change in the overall market i.e volatility you see (if any) and what made this method "work" for you?

Thanks!
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