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Trading Made Simple

  • #46,961
  • Dec 16, 2014 9:13am Dec 16, 2014 9:13am
Quoting Idkurv
Hi guys, How to set SL and TP for TMS? thanks in advance
Hi Idkurv, some traders use the ADR (or a % of it) for the TP. Others have a fixed amount per TF... I really like the way Phx62 looks at PA to decide... go to the paper-clip for phx62's PDF's

Ummm... for SL read Big E's stuff - paper-clip... the idea is to set it @ previous swing points etc

Ummm2... if you are just starting TMS just have something simple for now on demo (worry about this later) and practice entries...
  • #46,962
  • Dec 16, 2014 9:20am Dec 16, 2014 9:20am
EJ daily Sell entry

Attached Image (click to enlarge)
Click to Enlarge Name: 161214 Bearish Engulfing Sell Entry.png Size: 246 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 161214 Profit hit and BE entry.png Size: 277 KB


Kindest regards
  • #46,963
  • Dec 16, 2014 9:32am Dec 16, 2014 9:32am
GBP/AUD on H4, entered long @15.00 (gmt+1)

considering the strong push of the pound I decided to take this trade, together with GBPCHF but since CHF is still very strong, it's not yet moving much.

daily was strong long ...
Attached Image (click to enlarge)
Click to Enlarge Name: ga2.PNG Size: 42 KB


Long signal on TDI + HA candles
Attached Image (click to enlarge)
Click to Enlarge Name: ga.PNG Size: 37 KB


I closed 1/2 of lot @+45 and set SL to BE+2 for the rest...
Lorenzo
  • #46,964
  • Dec 16, 2014 9:34am Dec 16, 2014 9:34am
Quoting MrAussieFX
EJ daily Sell entry {image} {image} Kindest regards
Interesting view ... I'm only a bit concerned to take "late entries" short on the YENs ... but of course as long as it pays off, go for it. Cash is king.
I would be more keen on waiting for the next "round" and enter long.... JMHO

green pips to you!
Lorenzo
  • #46,965
  • Dec 16, 2014 9:44am Dec 16, 2014 9:44am
Quoting griffinssoul
{quote} Hi Idkurv, some traders use the ADR (or a % of it) for the TP. Others have a fixed amount per TF... I really like the way Phx62 looks at PA to decide... go to the paper-clip for phx62's PDF's Ummm... for SL read Big E's stuff - paper-clip... the idea is to set it @ previous swing points etc Ummm2... if you are just starting TMS just have something simple for now on demo (worry about this later) and practice entries...
Thanks mate, I will have a look
  • #46,966
  • Dec 16, 2014 9:48am Dec 16, 2014 9:48am
Quoting lorbax
{quote} Interesting view ... I'm only a bit concerned to take "late entries" short on the YENs ... but of course as long as it pays off, go for it. Cash is king. I would be more keen on waiting for the next "round" and enter long.... JMHO green pips to you!
Hi Lorbax,
Thanks for your time and comment. Actually, Engulfing (Bullish/Bearish) candle entries works very well in both Japanese candlesticks and APB. There are few things we need to be aware of
1. The Engulfing candle is forming at a strong support and resistance (structure area)
2. Entry must be at the close of engulfing candle and open of next candle
3. Proper risk to reward must be in place before we even take a trade
4. TDI should complement the setup and if you are going with a trend then it could be a high reward trade risking very little.

Kindest regards
  • #46,967
  • Dec 16, 2014 10:03am Dec 16, 2014 10:03am
Wait .... Wait ... and wait some more and then ... Raining pips ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 43 KB
Click to Enlarge Name: GBPJPYH1.png Size: 42 KB
Click to Enlarge Name: USDJPYH1.png Size: 40 KB
  • #46,968
  • Dec 16, 2014 10:05am Dec 16, 2014 10:05am
Quoting MrAussieFX
EJ daily Sell entry {image} {image} Kindest regards
I am short too, small lot.
Will add once bounce H1 finished.
  • #46,969
  • Dec 16, 2014 10:09am Dec 16, 2014 10:09am
Quoting Landline
Hi all CHF/J m30 chart attached...yellow verticle line shows entry Reason for trade are as usual Cheers -LL {image}
Closed out 60%...balance running with s/l at b/e
  • #46,970
  • Dec 16, 2014 10:09am Dec 16, 2014 10:09am
Quoting adikashyap
Wait .... Wait ... and wait some more and then ... Raining pips ... {image} {image} {image}
Hey, what's wrong with your pipsometer? It always shows the same digits as i've noticed.
Nice trades, by the way
  • #46,971
  • Dec 16, 2014 10:11am Dec 16, 2014 10:11am
could not ignore theseTDI bounces on GJ & EJ with HL, exited at resistant for +65 green each.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ EJ M30 buy Tue 16.12.14 @10AM EST +67+65.png Size: 112 KB
Appreciation is the key to wealth and happiness
  • #46,972
  • Dec 16, 2014 10:12am Dec 16, 2014 10:12am
Quoting adikashyap
Wait .... Wait ... and wait some more and then ... Raining pips ... {image} {image} {image}
What are the discontinuous green boxes on your chart please.
  • #46,973
  • Dec 16, 2014 10:15am Dec 16, 2014 10:15am
Quoting toledoFX
{quote} Hey, what's wrong with your pipsometer? It always shows the same digits as i've noticed. Nice trades, by the way
Sorry ... But did not get you .... Your question I mean ....
  • #46,974
  • Dec 16, 2014 10:16am Dec 16, 2014 10:16am
Quoting Morigan
{quote} What are the discontinuous green boxes on your chart please.
That LO box ... London Open ...
  • #46,975
  • Dec 16, 2014 10:30am Dec 16, 2014 10:30am
Quoting MrAussieFX
{quote} Hi Lorbax, Thanks for your time and comment. Actually, Engulfing (Bullish/Bearish) candle entries works very well in both Japanese candlesticks and APB. There are few things we need to be aware of 1. The Engulfing candle is forming at a strong support and resistance (structure area) 2. Entry must be at the close of engulfing candle and open of next candle 3. Proper risk to reward must be in place before we even take a trade 4. TDI should complement the setup and if you are going with a trend then it could be a high reward trade risking very...
Hi
On candle stick patterns are you using the the APB as the pattern or OHLC as the pattern?

thanks in advance
  • #46,976
  • Dec 16, 2014 10:32am Dec 16, 2014 10:32am
Quoting adikashyap
Wait .... Wait ... and wait some more and then ... Raining pips ... {image} {image} {image}
you look like your having the same as me today 2 BE and a +1.5 well there is always tomorrow
  • #46,977
  • Dec 16, 2014 10:54am Dec 16, 2014 10:54am
Quoting griffinssoul
{quote} GJ - still dont like it long... will have to do something impressive (apart from 100pip wick(s) into D1 support ...lol)...lol... to change my mind???
Yeah right.. Its 150 up lol
Daniel
  • #46,978
  • Dec 16, 2014 11:12am Dec 16, 2014 11:12am
Quoting Landline
Hi all CHF/J m30 chart attached...yellow verticle line shows entry Reason for trade are as usual Cheers -LL {image}
Trade closed out fully now ref indecisive pa...60% @ +75 40% @ +90
  • #46,979
  • Dec 16, 2014 11:16am Dec 16, 2014 11:16am
Quoting cristy1980
Thx all "masters" I found also thx to your help how to get to "Dean's Sinergy Pro", but does anyone of you has the DOTS or the so called price prediction with levels of take profits and SL. Thx in advance for any help.
I think itīs that , what re you looking for.
Itīs not working on my mt4 .. may be you can get it work .. good luck
Attached File(s)
File Type: zip DOTS.zip   1.3 MB | 847 downloads
Risiko birgt immer auch die Chance.
  • #46,980
  • Dec 16, 2014 11:18am Dec 16, 2014 11:18am
Quoting adikashyap
{quote} Sorry ... But did not get you .... Your question I mean ....
I mean your pipsometer indicator. Green digits in the bottom right corner. They shows +4.4 pips, +3.9... Does that mean 44 and 39 pips?
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