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Trading Made Simple

  • #45,501
  • Dec 2, 2014 8:44am Dec 2, 2014 8:44am
Quoting snarlyjack
{quote} Erelation, Your eyes are starting to open & see things differently When this happens your whole world can change for the better! Congrats...keep on trucking... sj

Thank SJ.

I am glad to be able to enter trade with confidence using TMS... and it's all because of good guys like you
and emmanuel7788 and other seniors around.... who have help me to open my eye...
  • #45,502
  • Dec 2, 2014 8:45am Dec 2, 2014 8:45am
Took an Asian Session trade on EA, after news, PA moved down but was rejected and formed triple tops on M15, when it started to move back down I shorted the pair, there was huge rejection blue bar on M15 making traders think that PA might be reversing, but short story end, TP +50

GU hits 61.8 on H4 from last impluse swing down, took the break of LO H1 first hor bar, closed at another 61.8 from swing up yesterday on H1 for + 30 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-12-02_17-43-04.jpg Size: 365 KB
Click to Enlarge Name: 2014-12-02_17-43-40.jpg Size: 357 KB
I Have Learned to Take Some Losses to Make Profits
  • #45,503
  • Dec 2, 2014 8:45am Dec 2, 2014 8:45am
Quoting RedPhoenix
{quote} Thank you for the constructive criticism. Only good can come from that
we all learn every day, and of course we do mistakes ( bad entries ) .. but the best way to get confidence in any system is the
trade simulator.
I learned quickly ;
1. if the entry isnīt good.. wait for another setup
2. how to manage open trades
3. Most reached exits / when to trigger to BE ( what is my style ) / may be not to trigger to BE , whatever fits to your style .
4 . what timeframe fits to you ( I canīt trade the H1 in the TMS successful , but h4 works fine )
5. stick to the rules.. that way you ll see success
.............. and so on ..
Everybody has a different kind in his trading style .
the quickest way to find out what fits is the simulator to get confidence and I still use it !
It helps me much to keep confidence in live traded systems during a loosing streak ..
Donīt forget .. we are all learning , also the good experiented traders.. every day ..
Wish you good sucess and I really donīt wanted to sound harsh to you
Guido
Risiko birgt immer auch die Chance.
  • #45,504
  • Dec 2, 2014 8:48am Dec 2, 2014 8:48am
Quoting s854110
omonisha I appreciate you Currently studying your picture Find out why you will succeed? My English is not good, same very few words I hope you can say more reasons to enter Thank many enthusiastic teachers hard to pay snarlyjack , emmanuel,lorbax,likica,Bizzzle,WDays,TheScorpS,MrAussieFX,phx62 I want to learn self-analysis of the current top-down D1-H4-H1
In order to learn about top down analysis, I suggest you to keep minimum 3 time frame open at the same time , keep them there while you take trades, you need to formulate your eyes to seeing the top down analysis all the time

If you know that, just skip on my post
I Have Learned to Take Some Losses to Make Profits
  • #45,505
  • Dec 2, 2014 8:50am Dec 2, 2014 8:50am
Quoting TheScorpS
Took an Asian Session trade on EA, after news, PA moved down but was rejected and formed triple tops on M15, when it started to move back down I shorted the pair, there was huge rejection blue bar on M15 making traders think that PA might be reversing, but short story end, TP +50 GU hits 61.8 on H4 from last impluse swing down, took the break of LO H1 first hor bar, closed at another 61.8 from swing up yesterday on H1 for + 30 pips {image} {image}
ScorpS,

That was perfect!

Put's a smile on your face doesn't it!
  • #45,506
  • Dec 2, 2014 8:57am Dec 2, 2014 8:57am
oil is diving again...
Attached Image (click to enlarge)
Click to Enlarge Name: oil M15 H1 short Tue 2.12.14.png Size: 78 KB
Appreciation is the key to wealth and happiness
  • #45,507
  • Dec 2, 2014 9:05am Dec 2, 2014 9:05am
Quoting TheScorpS
Took an Asian Session trade on EA, after news, PA moved down but was rejected and formed triple tops on M15, when it started to move back down I shorted the pair, there was huge rejection blue bar on M15 making traders think that PA might be reversing, but short story end, TP +50 GU hits 61.8 on H4 from last impluse swing down, took the break of LO H1 first hor bar, closed at another 61.8 from swing up yesterday on H1 for + 30 pips {image} {image}
Very good trading TS

Quoting likica
oil is diving again... {image}
NiceThere you go again
Sad i'm not trying to understand PA
  • #45,508
  • Dec 2, 2014 9:05am Dec 2, 2014 9:05am
Afternoon all, great reading all these posts and comments from people.

Good on Anyone who took the AU Trade, I just didnt like the look of those long wicks. Also turns out the GN would have been a good entry.

I have just exited my EJ, PA very slow and TDI now flat (+10pips)

my GU Trade is still open, sitting at +60 pips, stop at +30, looking for 1.5625, currently watching the 1H and will close half if this candle fails to make a LL
  • #45,509
  • Dec 2, 2014 9:09am Dec 2, 2014 9:09am
Quoting likica
oil is diving again... {image}
wow Lilika ... great shot!
I'm trying to apply TMS to oil too but H1/H4 just seems too choppy/slow to me, but maybe I'm wrong.

While M15,M30 look better most of times, I'll keep an eye on it!

Have you found any trading differences (pros/cons) with WTI and BRENT ?
thanks
Lorenzo
  • #45,510
  • Dec 2, 2014 9:10am Dec 2, 2014 9:10am
Quoting erelation
USDCAD now SL move to BE+1 (float : +25 pips) * Looking back... i just realized that how stupid i am in the past.... Simple Logic to enter trade and exit trade but i failed to follow TMS. {image}
I know the feeling,
Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,511
  • Dec 2, 2014 9:17am Dec 2, 2014 9:17am
Quoting lorbax
{quote} wow Lilika ... great shot! I'm trying to apply TMS to oil too but H1/H4 just seems too choppy/slow to me, but maybe I'm wrong. While M15,M30 look better most of times, I'll keep an eye on it! Have you found any trading differences (pros/cons) with WTI and BRENT ? thanks
thanks Lorbax. I only scalp USoil on small TF at S/R and it has been doing well so far. fxcm offers USoil so not sure the differences with WTI and BRENT (not listed on my fxcm)

Quoting omonisha
{quote} Very good trading TS {quote} NiceThere you go again
Thanks for your support Omonisha.
Appreciation is the key to wealth and happiness
  • #45,512
  • Dec 2, 2014 9:27am Dec 2, 2014 9:27am
Quoting likica
oil is diving again... {image}
Thats awesome trade Likica, u made me open oil chart recently , thanks for sharing
I Have Learned to Take Some Losses to Make Profits
  • #45,513
  • Dec 2, 2014 9:30am Dec 2, 2014 9:30am
Quoting snarlyjack
{quote} ScorpS, That was perfect! Put's a smile on your face doesn't it!
Yes it does, trading TMS works but needs lots of hard work to reach the goal , thanks for your comment SJ , by the way, I like how you wait PA to get back into guppys and then wait a valid TMS signal and trade accordingly , I guess AU done it today

Quoting omonisha
{quote} Very good trading TS {quote} NiceThere you go again
Thanks, u are an amazing trader and hope one day I can shove those pips the way you do it
I Have Learned to Take Some Losses to Make Profits
  • #45,514
  • Dec 2, 2014 9:31am Dec 2, 2014 9:31am
Quoting likica
oil is diving again... {image}
Cooooool trade !!
And incredible how cheap oil is !!
Risiko birgt immer auch die Chance.
  • #45,515
  • Dec 2, 2014 9:32am Dec 2, 2014 9:32am
Hello everyone,

iv just been stopped out of my trade on my Live account but don't understand why.

I bought eur/nzd at 1.58714, set my stop loss at 1.58214, trailing stop at 250 points and take profit at 1.59714

got stopped out at 1.58839 (12.5 pips profit) which i don't understand as my trailing stop shouldn't have kicked in until 1.58964 and price went on up to 1.59287
which has cost me 45 more pips of profit.

can anyone help?

thanks paddy
Attached Image (click to enlarge)
Click to Enlarge Name: trade x.jpg Size: 249 KB
  • #45,516
  • Dec 2, 2014 9:49am Dec 2, 2014 9:49am
EA，H1，already +26 pips gained right now
Attached Image (click to enlarge)
Click to Enlarge Name: 20141202234732.jpg Size: 140 KB
  • #45,517
  • Dec 2, 2014 10:29am Dec 2, 2014 10:29am
Quoting s854110
omonisha I appreciate you Currently studying your picture Find out why you will succeed? My English is not good, same very few words I hope you can say more reasons to enter Thank many enthusiastic teachers hard to pay snarlyjack , emmanuel,lorbax,likica,Bizzzle,WDays,TheScorpS,MrAussieFX,phx62 I want to learn self-analysis of the current top-down D1-H4-H1
Hi s854110

As TheScorps mention i watch 3 TF to get the information. The image below how i look at the chart. Hope that explains
Attached Image (click to enlarge)
Click to Enlarge Name: Analysis.png Size: 114 KB
Sad i'm not trying to understand PA
  • #45,518
  • Dec 2, 2014 10:33am Dec 2, 2014 10:33am
Quoting bigcakex
EA，H1，already +26 pips gained right now {image}
Closed mine for another +18 pips, good luck
I Have Learned to Take Some Losses to Make Profits
  • #45,519
  • Dec 2, 2014 10:45am Dec 2, 2014 10:45am
Took an EU on the 4hr @ 1.2440 (was a bit late getting in) but is working out ok as up 50pips currently (demo). Might close the trade in 20mins when 4 hour candles closes @ 5:00pm GMT. Was not the perfect entry but still learning the system. Lots of great tips on here from you guys which really helps
  • #45,520
  • Dec 2, 2014 11:17am Dec 2, 2014 11:17am
Quoting snarlyjack
{quote} Good morning Fd7999, The best way I can describe this is. You want to be in synch with the natural flow of the market. Their is a open (Asia session), a middle (London session), and a close (N/Y session). You want to have your charts set-up in the natural flow of the order. The 5 day charts are imho, a more natural flow of the true time in the market. Whether it help's or not is debatable. I feel better when I'm using the natural flow of things. Maybe it's all psychological on my part? Fxcm is still changing my platform over to the 5 day,...
Afternooon SJ, So if Im correct you are changing to a chart which will print a new 4H candle on the London Open? cheers, FD
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