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Trading Made Simple

  • #45,441
  • Dec 1, 2014 5:25pm Dec 1, 2014 5:25pm
Quoting snarlyjack
{quote} Whenever I have a bad day in the markets...I...take a ride for 100 miles & when I come back I have a whole new attitude about life in general. It clears your mind!
omg, 100 miles!?!
  • #45,442
  • Dec 1, 2014 5:35pm Dec 1, 2014 5:35pm
Quoting RedPhoenix
GbpAud +40 before RBA Rate Statement dont want to be greedy. {image}

Rock on !!!
  • #45,443
  • Dec 1, 2014 6:19pm Dec 1, 2014 6:19pm
Quoting RedPhoenix
GbpAud +40 before RBA Rate Statement dont want to be greedy. {image}
good timing. well done RedPhonenix
Appreciation is the key to wealth and happiness
  • #45,444
  • Dec 1, 2014 7:00pm Dec 1, 2014 7:00pm
Where can I join the group that Big E started? I'd like to learn his methods? Who are his disciples?
  • #45,445
  • Dec 1, 2014 7:28pm Dec 1, 2014 7:28pm
Quoting RedPhoenix
GbpAud +40 before RBA Rate Statement dont want to be greedy. {image}
Well done!!! Chances are we wont see a rate change - but if we do ...
  • #45,446
  • Dec 1, 2014 11:16pm Dec 1, 2014 11:16pm
Quoting nods80
short aud usd 1hr chart edt: (counter to usdcad so took profit there 20pips) {image}
This is me holding my hands up. Yesterday I made a horrible mistake and took this trade to early. It looked like there would be a tdi cross but it turned into a tdi bounce and the trade went completely the wrong way. Any way I just left it running and managed to get back to BE just before the rba news.

I had a really good couple of weeks in TMS and think i just got to eager. Looking with hind site the trade was so wrong I was lucky to get out at BE.

Just thought I would share as a learning experience for other newbies,
Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,447
  • Dec 1, 2014 11:23pm Dec 1, 2014 11:23pm
Hi Guys.

Anybody able to help with MQ4 file for @TMSTDI_WatchDog


Thanks
  • #45,448
  • Dec 1, 2014 11:42pm Dec 1, 2014 11:42pm
AJ currently +29pips H1(cross)/H4(bounce) : tough day on the Asian session everything looks so wicky: Nonsense red news, ... who are they trying to fool?
Attached Image (click to enlarge)
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  • #45,449
  • Dec 1, 2014 11:46pm Dec 1, 2014 11:46pm
Quoting nods80
{quote} This is me holding my hands up. Yesterday I made a horrible mistake and took this trade to early. It looked like there would be a tdi cross but it turned into a tdi bounce and the trade went completely the wrong way. Any way I just left it running and managed to get back to BE just before the rba news. I had a really good couple of weeks in TMS and think i just got to eager. Looking with hind site the trade was so wrong I was lucky to get out at BE. Just thought I would share as a learning experience for other newbies,
No worries nods80 - just pull back mate and go to basics. There is no need to go in early cause this method will get you in safe and give you plenty of pips if you can wait a bit...
  • #45,450
  • Dec 1, 2014 11:51pm Dec 1, 2014 11:51pm
Bagged 68 green from this GA short
Attached Image (click to enlarge)
Click to Enlarge Name: GA H4 buy Tue 2.12.14 SO +68+33.png Size: 46 KB
Appreciation is the key to wealth and happiness
  • #45,451
  • Dec 1, 2014 11:53pm Dec 1, 2014 11:53pm
Quoting likica
Bagged 68 green from this GA short {image}
Wow... cool likica
  • #45,452
  • Dec 1, 2014 11:54pm Dec 1, 2014 11:54pm
Quoting likica
Bagged 68 green from this GA short {image}
Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,453
  • Dec 1, 2014 11:55pm Dec 1, 2014 11:55pm
Quoting griffinssoul
{quote} No worries nods80 - just pull back mate and go to basics. There is no need to go in early cause this method will get you in safe and give you plenty of pips if you can wait a bit...
thanks mate.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,454
  • Dec 1, 2014 11:59pm Dec 1, 2014 11:59pm
Quoting griffinssoul
{quote} Wow... cool likica
thanks Griffinssoul. trading was a bit messy after AU news today. since EU news will be out soon so closed all and start again if any set up pops up

got small bag of 30 green from UJ long during Asian session...
Attached Image (click to enlarge)
Click to Enlarge Name: UJ H1 buy Tue 2.12.14 TOK +30.png Size: 92 KB
Appreciation is the key to wealth and happiness
  • #45,455
  • Dec 2, 2014 12:02am Dec 2, 2014 12:02am
Quoting likica
{quote} thanks Griffinssoul. trading was a bit messy after AU news today. since EU news will be out soon so closed all and start again if any set up pops up got small bag of 30 green from UJ long during Asian session... {image}
I should have done this yesterday ... had 56pips at hand, then red news, then hit my SL 35pips... better to be out and safe, plenty of other trades... ...your doing great likica!!!
  • #45,456
  • Dec 2, 2014 12:17am Dec 2, 2014 12:17am
Quoting likica
Bagged 68 green from this GA short {image}
Nice manage likicacongrtas
Sad i'm not trying to understand PA
  • #45,457
  • Dec 2, 2014 12:48am Dec 2, 2014 12:48am
Quoting snarlyjack
Good morning everyone, It's Monday morning (6:00 a.m. my time) December 1st 2014. Traders are starting the last month of the year and trying to position themselves for year end (year end profit/bonus etc). I won't be trading for a day or two. When Fxcm bought out Ibfx they put everyone into 6 day charts. Today I'm switching to true 5 day chart using N/Y close as the final bar for the end of the trading day. Everything I've read over the years is that 5 day charts are more accurate than 6 day charts. Especially for price action traders. The candles...

Morning SJ, referance this post about Time Frames ect, I use FXPrimus, they use a 5 day chart and the 4H candle closes at 6am GMT, 10am GMT, I have been looking at lots of old charts back testing and especially concerning the FO and LO the 4H candle closing 2 hours after open can save you from lots of fake outs, having said that it can also leave you a little late on entry.... each to there own but I must say I like missing the fakeouts, but when its on the shift sometimes the news coming out at 9.30 can keep it moving strongly for the 10am GMT candle.
  • #45,458
  • Dec 2, 2014 1:57am Dec 2, 2014 1:57am
Quoting griffinssoul
AJ currently +29pips H1(cross)/H4(bounce) : tough day on the Asian session everything looks so wicky: Nonsense red news, ... who are they trying to fool? {image}
I'm out hit BE(+com ) - tough day at the office...
  • #45,459
  • Dec 2, 2014 2:32am Dec 2, 2014 2:32am
Entered this earlier today. Slow PA, been sitting around my Entry all morning, Daily and Weekly on my side. HH and LL all last week after some consolidation. Still I would rate it a 6/10 Entry, Decent size Bull Candles in last few short rallies, if they weren't there I would give the trade a pass.

Entered GU Sell, possibly bad entry as its sitting at support, however I entered as is blitzed through support and fell 80 pips the last time it was in this area with a bear candle on the 4H and TDI Cross.

Other thoughts -
Passing on the AUDUSD trade, there is the TDI cross but giving it a pass as the long tails....
Passing on the GBPNZD Trader, spent all last week consolidating, the TDI cross is there but I want to see more trend first.

I find writing down the reasons for entering and passing on trades very useful for when it comes to reviewing your trading.

Trade what you see, not what you think.... not that Im any good at it.... just trying to pick up some easy safe pips.

Any feedback welcome. Good Luck all.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 60 KB
  • #45,460
  • Dec 2, 2014 2:40am Dec 2, 2014 2:40am
AUD/USD Short on H4 (Daily confirmation)

Entered at 11.00am (GMT+1)
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4-pepperstone-financial-pty.png Size: 35 KB


I was hunting a short on h4, considering the D1 setup.
This has an awesome RR of about 1:2 in my opinion, SL is about 30 pips so I oversized with two orders few minutes apart ... TP around 0,8425 area, but might modify it up or down depending on the PA.

cheers
Lorenzo
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