Trading Made Simple | Page 2282 | 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

  • #45,621
  • Edited 7:34am Dec 3, 2014 7:18am | Edited 7:34am
That was a really long trade, +103 in the end (positive slippage yay lucky me)

edit: Bizzle, I hope you're proud
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 47 KB
  • #45,622
  • Dec 3, 2014 7:23am Dec 3, 2014 7:23am
Quoting WDays
{quote} Realjumper (one of the founders of the genesis thread) used to say tight stops are false economy, better to have a large SL that never gets hit than tiny ones that constantly get hit. Just because you have a 50 pip SL, doesn't mean you should let it be taken out - you can manually bail on trades when the setup is invalidated by having a mental stop (e.g: "if this candle turns and closes from red to blue and TDI hooks, I'm out" or something similiar).
WDays,

Realjumper is a great trader! I learned a lot from him.
I agree with his thoughts on stop loss. If your watching your
trade, put in a wider stop loss for emergency but use your
mental stop to get you out.

I trust Realjumper & his advise...
  • #45,623
  • Dec 3, 2014 7:25am Dec 3, 2014 7:25am
out for +42 on the EC

Tried a counter trend scalp on the GJ earlier -30.

Long GJ with the long term trend, large stop but looking for the 190.00 region to be touched longer term.

Counter Trend Scalp on the GU, will move stop at +30, Daily down trend but possible consolidation.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCADH42.png Size: 72 KB
Click to Enlarge Name: GBPUSDH41.png Size: 67 KB
Click to Enlarge Name: GBPJPYMonthly.png Size: 61 KB
  • #45,624
  • Dec 3, 2014 7:26am Dec 3, 2014 7:26am
Quoting WDays
That was a really long trade, +103 in the end (positive slippage yay lucky me) {image}
...I better give you one of these... ... Congrats mate!!!
  • #45,625
  • Dec 3, 2014 7:27am Dec 3, 2014 7:27am
Managed to a attach an EU 4hr trade (demo) I took yesterday. Entry was possibly a little late any thoughts welcome....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 63 KB
  • #45,626
  • Dec 3, 2014 7:28am Dec 3, 2014 7:28am
Quoting griffinssoul
{quote} ...I better give you one of these... ... Congrats mate!!!
Thank you Now I can close shop for the week.

Quoting fxray
Managed to a attach an EU 4hr trade (demo) I took yesterday. Entry was possibly a little late any thoughts welcome.... {image}
Its okay, you could have entered on the open of the previous candle too, either way, nice trade
  • #45,627
  • Dec 3, 2014 7:35am Dec 3, 2014 7:35am
Quoting fxray
Managed to a attach an EU 4hr trade (demo) I took yesterday. Entry was possibly a little late any thoughts welcome.... {image}
POP-ART CHART
Lorenzo
  • #45,628
  • Dec 3, 2014 7:36am Dec 3, 2014 7:36am
Quoting WDays
That was a really long trade, +103 in the end (positive slippage yay lucky me) edit: Bizzle, I hope you're proud {image}
THIS !!!! ... this is trading folks! ...well done mate!
Lorenzo
  • #45,629
  • Dec 3, 2014 7:36am Dec 3, 2014 7:36am
nice trade WDays
  • #45,630
  • Dec 3, 2014 7:36am Dec 3, 2014 7:36am
Quoting fxray
Managed to a attach an EU 4hr trade (demo) I took yesterday. Entry was possibly a little late any thoughts welcome.... {image}
Fxray,

I like your set-up.
But it's starting to look pretty cluttered.
Can you make it simpler & cleaner?
For example get rid of the green line (you don't need it).
The pink & blue arrows are redundant (you don't need them).
Imho, the dotted white horizontal lines (you don't need them).

The cleaner & simpler your charts the better! Overall, I
think your doing great

sj
  • #45,631
  • Dec 3, 2014 7:37am Dec 3, 2014 7:37am
Quoting WDays
{quote} Thank you Now I can close shop for the week. {quote} Its okay, you could have entered on the open of the previous candle too, either way, nice trade
Appreciate the feedback. I was slightly cautious wanting the candle to leave the pac if I've got this correct.
  • #45,632
  • Dec 3, 2014 7:39am Dec 3, 2014 7:39am
Quoting WDays
That was a really long trade, +103 in the end (positive slippage yay lucky me) edit: Bizzle, I hope you're proud {image}
Really great trade, mate! You have a lot of patience to hold such trades, well done!
  • #45,633
  • Dec 3, 2014 7:39am Dec 3, 2014 7:39am
Quoting snarlyjack
{quote} Fxray, I like your set-up. But it's starting to look pretty cluttered. Can you make it simpler & cleaner? For example get rid of the green line (you don't need it). The pink & blue arrows are redundant (you don't need them). Imho, the dotted white horizontal lines (you don't need them). The cleaner & simpler your charts the better! Overall, I think your doing great sj
Thanks SJ...get your point, I'll give it a try while I'm still in demo to see how it feels :-)

Ray
  • #45,634
  • Dec 3, 2014 7:41am Dec 3, 2014 7:41am
Quoting lorbax
{quote} THIS !!!! ... this is trading folks! ...well done mate!
Thanks bro Need to keep working on patience though, I almost bailed at NYO because the previous candle barely closed bearish until, but decided I had my stop at 50ish? at the time so stuck to it.
Quoting Fd7999
nice trade WDays
Thanks bro

Quoting fxray
{quote} Appreciate the feedback. I was slightly cautious wanting the candle to leave the pac if I've got this correct.
The PAC is Dean Malone's S.Y.N.E.R.G.Y, Big E. specifically said that he used a 5 period EMA because he gets better entries that way, personally I have 0 trust in MAs, they're super unreliable so I just don't use any
  • #45,635
  • Dec 3, 2014 7:42am Dec 3, 2014 7:42am
Quoting lorbax
EUR/AUD short on H4 @11.00 (GMT+1) Set my SL to BE+2 once reached +25 ... TP is around 1.4595 but I will check PA in the next hours... {image}
chopped up my trade in different partial closes as the chart was being a bit ranging for now ... (MBL flat around 60)
here is what I did, showed on a 15minutes chart (just to see the orders)

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m15-pepperstone-financial-pty.png Size: 73 KB
Lorenzo
  • #45,636
  • Dec 3, 2014 7:42am Dec 3, 2014 7:42am
Quoting toledoFX
{quote} Really great trade, mate! You have a lot of patience to hold such trades, well done!
Dude if only you knew Patient is the last thing I am... Had to do all sorts of things to keep myself busy and not looking at my chart but thanks
  • #45,637
  • Dec 3, 2014 7:48am Dec 3, 2014 7:48am
Nice1 WDays
  • #45,638
  • Dec 3, 2014 7:52am Dec 3, 2014 7:52am
Quoting WDays
{quote} Thanks bro Need to keep working on patience though, I almost bailed at NYO because the previous candle barely closed bearish until, but decided I had my stop at 50ish? at the time so stuck to it. {quote} Thanks bro {quote} The PAC is Dean Malone's S.Y.N.E.R.G.Y, Big E. specifically said that he used a 5 period EMA because he gets better entries that way, personally I have 0 trust in MAs, they're super unreliable so I just don't use any
WDays,


Imho, a moving average, say the ema 8, will show you where
the "value area" is. When you have a blank chart it is very hard
to see where value is. Dean Malone's pac, shows you the value area.
The value area is very important.

Eelfranz did not use moving averages. He made all his trades
off of the Tdi crosses.

The value area is where price will go in & out of. Price is always
very close to value. I want to know where the value area is.
  • #45,639
  • Dec 3, 2014 7:56am Dec 3, 2014 7:56am
Quoting snarlyjack
{quote} WDays, Imho, a moving average, say the ema 8, will show you where the "value area" is. When you have a blank chart it is very hard to see where value is. Dean Malone's pac, shows you the value area. The value area is very important. Eelfranz did not use moving averages. He made all his trades off of the Tdi crosses. The value area is where price will go in & out of. Price is always very close to value. I want to know where the value area is.
Yeah while I agree some people rely on MAs for all sorts of things, I just find them very unreliable and untrustable. Besides I can find no use for them in my trading. I've tried, plenty of times. I've even tried a couple of MA systems, including Eohater's... But just no. It's not for me. All I need is the TDI as well as the higher timeframe TDI and some basic awareness of price action and market structure.
  • #45,640
  • Dec 3, 2014 7:57am Dec 3, 2014 7:57am
Quoting lorbax
{quote} chopped up my trade in different partial closes as the chart was being a bit ranging for now ... (MBL flat around 60) here is what I did, showed on a 15minutes chart (just to see the orders) {image}
Well done , I see it hitting support on H1 and TL on H4
I Have Learned to Take Some Losses to Make Profits
74 traders viewing now