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Trading Made Simple

  • #45,781
  • Dec 4, 2014 8:36pm Dec 4, 2014 8:36pm
in GA short from yesterday. tdi just hooked up, hmmm....still seeing price and HTF tdi stepping down... comments welcome. Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: GA H1 short Thu 4.12.14 bounced@11.39a est in progress Fri.png Size: 54 KB
Appreciation is the key to wealth and happiness
  • #45,782
  • Dec 4, 2014 8:44pm Dec 4, 2014 8:44pm
Quoting likica
in GA short from yesterday. tdi just hooked up, hmmm....still seeing price and HTF tdi stepping down... comments welcome. Thank you. {image}
...a mixed bag at the moment... most pairs seem to have developed a (bear or bull) flag / symmetric triangle formation on the 1H TF after yesterdays news. GA broke out of recent resistance and is heading for a retest (which may not hold, but longer term resistance (D1 TF) around 100pips away)...
  • #45,783
  • Dec 4, 2014 8:49pm Dec 4, 2014 8:49pm
Hey guy's/gal's,

Here is a guppy video that I thought you might really enjoy!
Lot's of good idea's in this video... enjoy sj

http://www.bing.com/videos/search?q=...FC66BEF7F4B623
  • #45,784
  • Dec 4, 2014 8:49pm Dec 4, 2014 8:49pm
Quoting griffinssoul
{quote} ...a mixed bag at the moment... most pairs seem to have developed a (bear or bull) flag / symmetric triangle formation on the 1H TF after yesterdays news. GA broke out of recent resistance and is heading for a retest (but longer term resistance around 100pips away)...
Yes, it s very confusing indeed, like right now it's so tempting to go long on EA H1 but will wait to see if the current candle completed with bull or just wait for LO
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 view Fri 5.12.14@3.44p aedt.png Size: 71 KB
Appreciation is the key to wealth and happiness
  • #45,785
  • Dec 4, 2014 8:55pm Dec 4, 2014 8:55pm
Quoting likica
{quote} Yes, it s very confusing indeed, like right now it's so tempting to go long on EA H1 but will wait to see if the current candle completed with bull or just wait for LO {image}
...pulling back on the D1 I see a possible H&S forming reinforcing strong resistance... something to worry about... sure, I'm just looking for excuses to stay out... LOL! Actually, thats looking good on the 4H/D1 but I dont see a TMS signal buy?
  • #45,786
  • Dec 4, 2014 9:29pm Dec 4, 2014 9:29pm
LONG USDCAD this morning.....

The greatest enemy in this trade = who?

1. Market = NO
2. Market Maker = NO
3. Forex Broker = NO
4. Trading System and Indicator = NO
5. Trader himself/herself = YES....

Many times we search high and low for sure win strategy/system to make money from trading forex.

We jump from one system to another system.... but the truth is many system works....
it is the trader who has failed.

Ability to Sit tight and wait for good setup is the key ingredient for success in this business.

Many of my 1hr chart setup failed... but if i can sit tight and wait for good setup on the 4hr chart.
I usually make money..... Trust yourself and trust your system... be patient and be discipline.

Good Luck everyone...
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Click to Enlarge Name: USDCADH4.png Size: 44 KB
  • #45,787
  • Dec 4, 2014 9:34pm Dec 4, 2014 9:34pm
Where is GBPNZD heading?
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  • #45,788
  • Dec 5, 2014 12:45am Dec 5, 2014 12:45am
hi Licika,

what indicator do you use on the upper right corner?

thanks.
Quoting likica
{quote} agree with both hands. I got sea-sick a few times, keep promising myself not get on the boat again. maybe I need a housekeeper keeping my office's key until FO. this EA long looked pretty, don't you think? {image}
  • #45,789
  • Dec 5, 2014 1:06am Dec 5, 2014 1:06am
Quoting lydia
hi Licika, what indicator do you use on the upper right corner? thanks. {quote}
Hi Lydia,

I can help you with that!
Attached File(s)
File Type: ex4 Pip Counter.ex4   28 KB | 427 downloads
  • #45,790
  • Dec 5, 2014 1:13am Dec 5, 2014 1:13am
Morning all

Started babypips last night

But cant help look at charts and the market

are UCHF UJ and UCD really oversold as my charts say there are something left but is it me not reading it right?
  • #45,791
  • Dec 5, 2014 1:18am Dec 5, 2014 1:18am
Quoting twellve
Morning all Started babypips last night But cant help look at charts and the market are UCHF UJ and UCD really oversold as my charts say there are something left but is it me not reading it right?
Which timeframe?
  • #45,792
  • Dec 5, 2014 1:36am Dec 5, 2014 1:36am
Quoting lastingwell
{quote}Which timeframe?
H4 D1
  • #45,793
  • Dec 5, 2014 1:43am Dec 5, 2014 1:43am
Quoting twellve
{quote} H4 D1
Over-bought > 68 TDI
Over-sold < 32 TDI

example for UJ : over-bought on H4 & D1 (just look at green line)

Each TF is tethered to the next but can be over-bought/sold independently - Emmanuel posted a beautiful picture of this concept...
  • #45,794
  • Dec 5, 2014 1:43am Dec 5, 2014 1:43am
Quoting cchersia
{quote} Hi Lydia, I can help you with that! {file}
Hi cchersia,

Thank you for your help, but its not the indi that I mean. I mean is the indi at the right top corner with the 5 arrows (15M 1H 4H D1 W1)

Thanks.
  • #45,795
  • Dec 5, 2014 1:46am Dec 5, 2014 1:46am
Quoting griffinssoul
{quote} Over-bought > 68 TDI Over-sold < 32 TDI example for UJ : over-bought on H4 & D1 (just look at green line) Each TF is tethered to the next but can be over-bough/sold independently - Emmanuel posted a beautiful picture of this concept...

Thanks Griffin, ,meant sometimes overbought goes up for a while rather than turn to a down turn - therefore how can you tell how big the overbought chunk?
  • #45,796
  • Dec 5, 2014 1:49am Dec 5, 2014 1:49am
Quoting twellve
{quote} Thanks Griffin, ,meant sometimes overbought goes up for a while rather than turn to a down turn - therefore how can you tell how big the overbought chunk?
PA (always) tells everything what to do ... ... ummm - theres no measure for over-anything it could keep going forever (not likely but possible...LOL ... if its RSI then it'll get squeezed on the 100 but other osc havent got a fixed number...) [not exactly sure this answers your question ???]
  • #45,797
  • Dec 5, 2014 1:52am Dec 5, 2014 1:52am
Thanks Griff - thought I would ask - sorry to all if I ask stupid questions
  • #45,798
  • Dec 5, 2014 1:54am Dec 5, 2014 1:54am
Quoting twellve
Thanks Griff - thought I would ask - sorry to all if I ask stupid questions
No worries - finish babypips first!!!
  • #45,799
  • Dec 5, 2014 1:56am Dec 5, 2014 1:56am
Quoting Greenb
{quote} Acer, for the 1st part of the question (multiposition), it really depends on the traders. Some people like Emmanuel, or Lorbax on his few last trades he post go with multiposition. some other traders like me just go for 1 position. It really depends on your money management. How does it work with be sl? i dont understand what you are asking about? if you mean how to get break even SL, well, put your SL on your entry price +spread. but if its Sl, for multiposition, it is yet again depends on the trader. some traders open 2 identical...
Hi there Greenb,
All well said - agree on 100% of what you said.

If I can add, I generally use two methods, interchangeably, depending on the situation:

  1. is PA pushing a lot ? I maybe enter half-lot few minutes before (such as 10.55 , candle changes at 11.00) and second half-lot after the candle chage.
  2. is PA after 1 candle I'm already in the trade, pushing a lot and it's not end of day ? then I may add up one small-sized position.

First one (1) is merely to anticipate a bit the signal and squeeze some extra pips, the risk is that in the next 5 minutes it doesn't confirm the signal, so I just exit with half-sized lot, which is less costly.

Second one (2) is real trade-management, it's not easy, and I can rarely do it easily, because it's counter-intuitive. When you are +20 or +30 for example, you are more keen on thinking to break down the trade and close half position, so now this will do the opposite. It really depends on the strength of the trend

I remember doing it recently on GU LONG which I transferred from H4 and then to D1 ... I entered with the second position at the end of day, because AT THAT POINT it looked like a daily signal. So first position on h4 was about +50, put my SL at about +20 (just in case, to catch something) , at the end of day, on daily confirmation, I entered again. I believe I closed the first position at about +70 and the second one, on the next morning (italian time) at about +15-20 ... something like that. Then the trend started to weak-out.

SOMETHING I'M TRYING TO MASTER: Since one of the basic rules of TMS is entering on #1 or #2 candle, right ? If I can enter on #1, then on #2 I would like to put my SL->BE and enter again at the beginning of #2 candle, just like if I wasn't able to catch #1, I would have entered anyway at #2. Does it make sense in english ? ahhah...

This, I think it's really interesting kind of MM, but I know it's not easy, it's simple, yet not easy psychologically you wanna cash-out when you're in good profit.

cheers

Lorenzo
  • #45,800
  • Dec 5, 2014 2:00am Dec 5, 2014 2:00am
Quoting lorbax
{quote} Hi there Greenb, All well said - agree on 100% of what you said. If I can add, I generally use two methods, interchangeably, depending on the situation: is PA pushing a lot ? I maybe enter half-lot few minutes before (such as 10.55 , candle changes at 11.00) and second half-lot after the candle chage. is PA after 1 candle I'm already in the trade, pushing a lot and it's not end of day ? then I may add up one small-sized position. First one (1) is merely to anticipate a bit the signal and squeeze some extra pips, the risk is that in the next...
SOMETHING I'M TRYING TO MASTER

Thats a very interesting strategy lorbax! Too advanced for me at the moment but I would very much appreciated if you could update us with your progress
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