Trading Made Simple | Page 2277 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #45,521
  • Dec 2, 2014 11:22am Dec 2, 2014 11:22am
Man, i so hate it that i can't post here when you guys do it, like 6-7 hours ago.

Anyway , caught an EA and GA long today.
Will return with pictures
  • #45,522
  • Dec 2, 2014 11:40am Dec 2, 2014 11:40am
2 trades today, AU and GU
both at BE+some. depending on how its moving, i may close it in 22 mins (my new 4h candle)
both entered at LO+2 Shoutout to Lorbax and Sesamstrasse who took the same trade ;p
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 273 KB
Daniel
  • #45,523
  • Dec 2, 2014 11:51am Dec 2, 2014 11:51am
Quoting Sesamstrasse
{quote} Cooooool trade !! And incredible how cheap oil is !!
shame we still pay 1.20 for regular......
Daniel
  • #45,524
  • Dec 2, 2014 11:54am Dec 2, 2014 11:54am
Quoting snarlyjack
{quote} 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...
you are very lucky sir,
its winter here, -2c this morning which isnt that cold as winter goes.
i'm driving and my car have 84l tank. it will be very long time before it emptied out, specially on highway hahaha
but i do plan to get myself a bike next summer. thinking of ducatti monster
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-Ducati-Monster-821-000.jpg Size: 119 KB
Daniel
  • #45,525
  • Dec 2, 2014 11:56am Dec 2, 2014 11:56am
Quoting paddy86
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 {image}
you made a decimal mistake
1.58214 +250 = 1.58464
if you want it to be 1.59714, you should have put 2500 points


Greenb
Daniel
  • #45,526
  • Dec 2, 2014 12:01pm Dec 2, 2014 12:01pm
Quoting Greenb
2 trades today, AU and GU both at BE+some. depending on how its moving, i may close it in 22 mins (my new 4h candle) both entered at LO+2 Shoutout to Lorbax and Sesamstrasse who took the same trade ;p {image}
just closed both trades

AU +25.3
GU +63.1

total for a good night sleep = 88.4 pips
lovely morning
Daniel
  • #45,527
  • Dec 2, 2014 12:02pm Dec 2, 2014 12:02pm
Quoting Greenb
2 trades today, AU and GU both at BE+some. depending on how its moving, i may close it in 22 mins (my new 4h candle) both entered at LO+2 Shoutout to Lorbax and Sesamstrasse who took the same trade ;p {image}
Yes, got triggered + 20 out on my AU trade .... expected 50 pips ,
but I wasnīt on my notebook when it reversed ..
The week is still not over .

Normally I get 5-10 trades a week H4 , so the chance is there get into a good signal .
Green pips to you
Guido
Risiko birgt immer auch die Chance.
  • #45,528
  • Dec 2, 2014 12:03pm Dec 2, 2014 12:03pm
Quoting Greenb
{quote} you are very lucky sir, its winter here, -2c this morning which isnt that cold as winter goes. i'm driving and my car have 84l tank. it will be very long time before it emptied out, specially on highway hahaha but i do plan to get myself a bike next summer. thinking of ducatti monster {image}
I have a cousin who rides a ducati. Freakish bikes.
  • #45,529
  • Dec 2, 2014 12:04pm Dec 2, 2014 12:04pm
Quoting likica
oil is diving again... {image}

Likica,

got a question for you about oil.
how is the calculation on oil compared to forex? is the pip the same value or is it the same as gold?

Greenb
Daniel
  • #45,530
  • Dec 2, 2014 12:05pm Dec 2, 2014 12:05pm
Quoting Sesamstrasse
{quote} Yes, got triggered + 20 out on my AU trade .... expected 50 pips , but I wasnīt on my notebook when it reversed .. The week is still not over . Normally I get 5-10 trades a week H4 , so the chance is there get into a good signal . Green pips to you Guido
true that, 3 more days to trade for the week.
green pips to you too
Daniel
  • #45,531
  • Dec 2, 2014 12:08pm Dec 2, 2014 12:08pm
Quoting sknight1
{quote} I have a cousin who rides a ducati. Freakish bikes.
they are a very nice ride indeed!! and im not sure why i always spell ducatti instead of ducati....
Daniel
  • #45,532
  • Dec 2, 2014 1:29pm Dec 2, 2014 1:29pm
Quoting Sesamstrasse
{quote} 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...
and thatīs what I mean :
I really should do it more often , it costs only 20-60 minutes but itīs the best training to learn the strategy and " teach the eye" how to get something .
My last " graph " looked a little better .. but this is only for a quick view how to handle a market under moving conditions.

hope this helps everybody who likes to learn quick to trade profitable .. itīs really the quickest way + combined with posting charts of
done trades .
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: SENSUS MT4 Client Terminal.png simulator 2.12..png Size: 117 KB
Risiko birgt immer auch die Chance.
  • #45,533
  • Dec 2, 2014 2:32pm Dec 2, 2014 2:32pm
Quoting Greenb
{quote} you made a decimal mistake 1.58214 +250 = 1.58464 if you want it to be 1.59714, you should have put 2500 points Greenb
Thank you for the reply, but I'm still confused.

1.58214 was my stop loss, my price I bought at was 1.58714 so I had a 50 pip stoploss

Where did I go wrong with the trailing stop as I wanted it to follow price up every time it moved 25 pips once it had gone into profit?

Thanks for the help
  • #45,534
  • Dec 2, 2014 2:53pm Dec 2, 2014 2:53pm
Quoting paddy86
{quote} Thank you for the reply, but I'm still confused. 1.58214 was my stop loss, my price I bought at was 1.58714 so I had a 50 pip stoploss Where did I go wrong with the trailing stop as I wanted it to follow price up every time it moved 25 pips once it had gone into profit? Thanks for the help
my bad, wasn't reading your question correctly.
it seems like price did hit 1.58960 which is your trail trigger. it then continue to move up and hit 1.59080 which means at this time you have 12 pips locked using trail stop.
and then pullback happens and price dropped to 1.58830 which is your stop loss at that time due to the trail stop you have on. bang trailstop prevents you from losing more than 25 pips potential and your stopped out.

Trailing stop doesn't means it shift stop loss at every how many pips you want it to. it simply mean that the moment you are in profit of number of pips, it activate, and it keep changing your stop loss everytime price move in your favor. so it goes 25 profit = BE, 26 profit = BE+1, 27 profit =BE+2, etc

Greenb
Daniel
  • #45,535
  • Dec 2, 2014 2:58pm Dec 2, 2014 2:58pm
What we have is this:

1). We have a strategy.
2). Were planning our trades & planning our business.
3). Were aware of the psychology in trading.
4). Were using proper risk management.
5). Our system & plan is pretty straight forward & easy to use.

No matter what system you use. You will always want to look at
1-5 and be able to answer all of those points.

You will then want to be able to handle the different trading emotions
that will come up. Practice, practice, practice & get really good at
trading it.

That's it...it's a pretty easy, nice system & trading approach.

I hope it has been interesting for you!

sj
  • #45,536
  • Dec 2, 2014 3:03pm Dec 2, 2014 3:03pm
Quoting Greenb
{quote} my bad, wasn't reading your question correctly. it seems like price did hit 1.58960 which is your trail trigger. it then continue to move up and hit 1.59080 which means at this time you have 12 pips locked using trail stop. and then pullback happens and price dropped to 1.58830 which is your stop loss at that time due to the trail stop you have on. bang trailstop prevents you from losing more than 25 pips potential and your stopped out. Trailing stop doesn't means it shift stop loss at every how many pips you want it to. it simply mean that...
Thank you very much, I greatly appreciate you taking the time to explain and now it makes sense.

Cant believe a silly mistake has cost me a further 46 pips profit. That could of been a very good trade. At least I got out with profit still.
  • #45,537
  • Dec 2, 2014 3:40pm Dec 2, 2014 3:40pm
Quoting paddy86
{quote} Thank you very much, I greatly appreciate you taking the time to explain and now it makes sense. Cant believe a silly mistake has cost me a further 46 pips profit. That could of been a very good trade. At least I got out with profit still.
Please don't take this the wrong way, but it sounds like you should be demo trading your strategy as opposed to trading on a live account. This way you'll be competent in the use of all your "trading tools" before it really matters.

Personally, I'm following the advice given on the James16 thread over in the Commercial section of this forum. James16 always reiterates that any trader should trade their strategy for three consecutive profitable months, before even considering moving to a live account. At the end of the day... Its a marathon not a sprint...

Anyway, best of luck
Focus on the process and the profits will follow
  • #45,538
  • Dec 2, 2014 4:16pm Dec 2, 2014 4:16pm
lots of big news for GBP tomorrow. Should be an interesting day,
Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,539
  • Dec 2, 2014 4:23pm Dec 2, 2014 4:23pm
Quoting paddy86
{quote} Thank you for the reply, but I'm still confused. 1.58214 was my stop loss, my price I bought at was 1.58714 so I had a 50 pip stoploss Where did I go wrong with the trailing stop as I wanted it to follow price up every time it moved 25 pips once it had gone into profit? Thanks for the help
Sounds like you are looking for a Jumping stop loss (JSL), meaning, every 25 pip increase will move the stop loss. A move less than 25 pips causes nothing to happen.
War. Is my profession.
  • #45,540
  • Dec 2, 2014 4:36pm Dec 2, 2014 4:36pm
Quoting nods80
lots of big news for GBP tomorrow. Should be an interesting day,
Well actually on GBP it's only this one (GMT+1)

10:30am GBP Services PMI

The main one on tomorrow for USD pairs and not only, will be:

2:15pm USD ADP Non-Farm Employment Change

cheers
Lorenzo
124 traders viewing now, 1 is registered:
dana29