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Trading Made Simple

  • #45,421
  • Dec 1, 2014 11:23am Dec 1, 2014 11:23am
Quoting nods80
{quote} snap My TP isn't deep though. d1 is up and might bounce of weekly pivot. I'm rubbish at exits too. {image}


Do you use Stochastic to make trade decisions? Then how you line up with TDI? Your stochastic is same as Big B was using?

Regards,
AB
  • #45,422
  • Dec 1, 2014 11:37am Dec 1, 2014 11:37am
Quoting robuk
{quote} Hey Nods , I opened a new demo ac. recently and I:m getting that ''hello sailor'' thing too -- so weird Anyone know what this is ??
Quite OT, isn't it ?
No offence, but probably better for everyone to on topic so it gets less dispersive ..

thanks
Lorenzo
  • #45,423
  • Dec 1, 2014 11:50am Dec 1, 2014 11:50am
Quoting ababias
{quote} Do you use Stochastic to make trade decisions? Then how you line up with TDI? Your stochastic is same as Big B was using? Regards, AB
I use stochastic to gauge momentum and tdi for entry's. if my stochastic is low i would think twice about trading short and vice versa. I also use S/R as target points.

I messed up that last trade by not waiting for the cross, i'm paying the price though.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,424
  • Dec 1, 2014 11:53am Dec 1, 2014 11:53am
GU +~60 pips, sl at BE+ a few planning to carry to daily.
i still have my tp on for now, going to wait until NY closes before deciding to carry or not
entered on LO+2 (my new 4h candle)
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Daniel
  • #45,425
  • Edited 7:29pm Dec 1, 2014 12:08pm | Edited 7:29pm
Quoting snarlyjack
... we have to give each trade time to work out. I set my stop just above or below the pac. I'm targeting tp1,tp2, tp3 or s/r levels. ...
I've spent the last couple of hours trying to set up the pac. FXCM "moving average" indicator doesn't have a high or low option and I couldn't find another generic moving average indicator on google. FXDD had a good one, but it wasn't included when FXDD accounts were transferred to FXCM.
  • #45,426
  • Dec 1, 2014 12:19pm Dec 1, 2014 12:19pm
snarlyjack
Quote
This is where traders psychology comes in. The more advanced
your trader psychology is the better off you will be. In my
mind the big secret to trading is your trading psychology.

Hopefully everyone will post up more trading psychology videos
because they are excellent for teaching & learning trading...

I agree. I spend a lot of time at pro trader network website. Excellent concentration on trading psychology and TDI.
  • #45,427
  • Dec 1, 2014 12:40pm Dec 1, 2014 12:40pm
Quoting mary4x
{quote} I've spent the last couple of hours trying to set up the pac. FXCM "moving average" indicator doesn't have a high or low option and I couldn't find another generic moving average indicator on google. FXDD had a good one, but it wasn't included when FCDD accounts were transferred to FXCM.
Hi! Mary. I have an fxcm acc. and putting the pac is not a problem. Just go to data source and you will find the settings you require. Here's a pic.
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the cautious seldom err....C
  • #45,428
  • Dec 1, 2014 12:41pm Dec 1, 2014 12:41pm
Quoting robuk
{quote} Hey Nods , I opened a new demo ac. recently and I:m getting that ''hello sailor'' thing too -- so weird Anyone know what this is ??
Are you using the autopivot indi?
the cautious seldom err....C
  • #45,429
  • Dec 1, 2014 12:52pm Dec 1, 2014 12:52pm
Quoting mary4x
{quote} I've spent the last couple of hours trying to set up the pac. FXCM "moving average" indicator doesn't have a high or low option and I couldn't find another generic moving average indicator on google. FXDD had a good one, but it wasn't included when FCDD accounts were transferred to FXCM.
Hi Mary4x,

Nice meeting you.

There are a couple of way's to get the pac on your charts.

1). Synergy Pro template has the indicator preloaded. Or,
2). If you go to moving average indicator. Put in a smoothed, 5, hi/low.
My Fxcm moving average indicator has the options available.
3). Some people use: 5 smoothed (shift 1) hi/low.
Some people use 5 smoothed (No Shift) hi/low.
I don't think it makes any difference...

Give that a try if you need more help we can help you!
  • #45,430
  • Dec 1, 2014 12:56pm Dec 1, 2014 12:56pm
Quoting Prepared
snarlyjack{quote} I agree. I spend a lot of time at pro trader network website. Excellent concentration on trading psychology and TDI.
Prepared,

Nice meeting you.

That is a excellent suggestion!
In my mind the system is 30% and other things like trading psychology,
money management, position sizing, etc. is the other 70%.

A person needs 100% to be consistently successful.
  • #45,431
  • Dec 1, 2014 1:25pm Dec 1, 2014 1:25pm
Hi everyone,

I have a problem with setting LONDON AND NEW YORK boxes lines as a dotted lines which makes my chart more clear.
Below is a chart showing what I mean.
Please be patient for maybe such obvious questions.

Thanks in advance for help
Attached Image
  • #45,432
  • Dec 1, 2014 1:25pm Dec 1, 2014 1:25pm
First things first. Hi all. First trade with TMS I hope it will continue like this
EudCad 40+43= 83 pips
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  • #45,433
  • Dec 1, 2014 1:45pm Dec 1, 2014 1:45pm
Quoting RedPhoenix
First things first. Hi all. First trade with TMS I hope it will continue like this EudCad 40+43= 83 pips {image}
RedPhoenix,

Congrat's on your first trade & nice meeting you!
Keep on trucking into trade #2...

I hope you find Tms to your liking
  • #45,434
  • Dec 1, 2014 1:45pm Dec 1, 2014 1:45pm
Quoting RedPhoenix
First things first. Hi all. First trade with TMS I hope it will continue like this EudCad 40+43= 83 pips {image}



Awesome trades ! And I love the purple candles on your chart.
  • #45,435
  • Dec 1, 2014 2:13pm Dec 1, 2014 2:13pm
Thank you and thank you. Yes, purple candles are calming
  • #45,436
  • Dec 1, 2014 2:22pm Dec 1, 2014 2:22pm
Quoting WDays
{quote} Ohh I see Makes perfect sense actually! I'll watch out for that next time... Hopefully I can capitalize. One more question though, if you knew it was coming, why not drop to the m15 TF and take the first long signal backed by the HTF TDI (i.e step)?
i think we are always late on that info, by the time we know it's stop hunt, its been done.
beside as small traders in huge market, we never really know if it's stop hunt or just reversal until it happens no?
the only thing is wait for confirmation which comes much later after everything is settled.
Daniel
  • #45,437
  • Dec 1, 2014 2:25pm Dec 1, 2014 2:25pm
Quoting snarlyjack
It took me a long time to really get a handle on my trading. What your seeing in the market's is the ultimate form of "Capitalism" being played out between countries & institutions & traders. The markets are uncontrollable! You have to trade knowing that anything can & will happen. When your using Tms & the system is giving off signals, you want to look at the signals to see if it is logical action in the market. (news spike for example). Tms is a very effective strategy. Our edge! But we have to give each trade time to work out. I set my stop just...
Snarlyjack,

instead of looking at video, why not try fishing as well.
requires patience, and its a psychological game as well.
look at the guy next to you keep pulling in fish while your bait just disappear each time you throw it in.

or Golf,
for analyzing, winds, distance (where to set your tp), which shot with which club (entries)
Daniel
  • #45,438
  • Dec 1, 2014 2:37pm Dec 1, 2014 2:37pm
Quoting kingpips288
Hi everyone! Me too I want to share these videos with your guys/gals. Enjoy! http://www.youtube.com/watch?v=UU-MdggmT_k http://www.youtube.com/watch?v=x9ouKclIiX4
Kingpips,

Nice meeting you.

Those were excellent video's, I enjoyed watching them!

Thank you so much for sharing...
  • #45,439
  • Dec 1, 2014 2:45pm Dec 1, 2014 2:45pm
Quoting Greenb
{quote} Snarlyjack, instead of looking at video, why not try fishing as well. requires patience, and its a psychological game as well. look at the guy next to you keep pulling in fish while your bait just disappear each time you throw it in. or Golf, for analyzing, winds, distance (where to set your tp), which shot with which club (entries)
Greenb,

Thank you!

The #1 best thing about motorcycles is: Your trying so hard to stay on
the road & not crash that it clears your mind...

If you run through a tank of gas (by the end of the tank) your mind is
totality free of all thoughts. Whenever I have a bad day in the markets
the first thing I do is take a ride for 100 miles & when I come back I
have a whole new attitude about life in general. It clears your mind!

But fishing works also. I understand exactly what your saying...
Traders have to find that #1 thing that clears their minds.

sj
  • #45,440
  • Dec 1, 2014 5:51pm Dec 1, 2014 5:51pm
GbpAud +40 before RBA Rate Statement dont want to be greedy.
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