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Trading Made Simple

  • #46,981
  • Dec 16, 2014 11:21am Dec 16, 2014 11:21am
Quoting toledoFX
{quote} 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?
Absolutely ....... You can judge from where I have taken position/s .............
  • #46,982
  • Dec 16, 2014 11:23am Dec 16, 2014 11:23am
Quoting GrantMcscott
{quote} you look like your having the same as me today 2 BE and a +1.5 well there is always tomorrow
In my chart ... 3.9 stands for 39 pips ... 4.4 stands for 44 pips .... I made cool 139 Green pips ... On 10$ a pip account ....
  • #46,983
  • Dec 16, 2014 11:39am Dec 16, 2014 11:39am
2 trades total for the day

GU + 47 pips
GJ + 54 pips (because of pullback and my inattentiveness...it was up to 180 pips at some point during trade and i DID NOT move SL..)
more importantly, i did not monitor how the price moves after such pullback and missed NY opportunity that has gone 150 pips now...

note to self....always move your SL when PA moves =.=
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 78 KB
Click to Enlarge Name: GBPUSDH4.png Size: 95 KB
Daniel
  • #46,984
  • Dec 16, 2014 11:44am Dec 16, 2014 11:44am
Quoting likica
could not ignore theseTDI bounces on GJ & EJ with HL, exited at resistant for +65 green each. {image}

Why you did not take previous bounce on those two trades?
Regards,
AB
  • #46,985
  • Dec 16, 2014 12:04pm Dec 16, 2014 12:04pm
Today Is my birthday and I was given the best gift of all - when I opened my eyes I eventually figured out I was alive! If any of you that have been involved in this thread for awhile would like to gift me further, what I would like to know is your read on the major changes or additions to TMS from Big E's first post to the present. I already am testing !hr charts as opposed to 4hr and do not see the benefit of trying to catch the London open or any particular time of day. I have used the Guppy before and although it can be made to look very pretty, it has never been of benefit for me. I have used TDS off and on for years but never on higher TFs. Any additional tips on SL and TP using TMS would be appreciated as it seems as though if my !:! RR rule is followed, I get stopped out too often. As I grow older my attention deficit grows preventing long hours at the computer. Perhaps some of you have found certain pairs or crosses preferable? I would also like to complement Snarlyjack in staying with this thread so long and for all his posts.
I should never have switched from scotch to martinis
  • #46,986
  • Dec 16, 2014 12:37pm Dec 16, 2014 12:37pm
Quoting adikashyap
{quote} In my chart ... 3.9 stands for 39 pips ... 4.4 stands for 44 pips .... I made cool 139 Green pips ... On 10$ a pip account ....
maybe one day for me
  • #46,987
  • Dec 16, 2014 12:53pm Dec 16, 2014 12:53pm
Hello TMS guys!
For those who want, here's the DOTS indicator....
It is not the latest version but I think it is no different from the last

Attached File(s)
File Type: ex4 DOTS_Method_v3-02(edu).ex4   39 KB | 608 downloads
  • #46,988
  • Dec 16, 2014 1:21pm Dec 16, 2014 1:21pm
Hi TMS traders...
I thought I will post a trade I have taken on EU.
Decided to go short at strong S&R area after seeing indecision candle.
Closed the trade for just over 40pips.
Any comments would be most welcome so that i can improve..

Thanks guys and happy trading to all.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 16.PNG Size: 19 KB
  • #46,989
  • Dec 16, 2014 1:39pm Dec 16, 2014 1:39pm
I'm on my phone so I can't really see my charts well but I ser EJ retracing. is this a possible trade?

Thank you.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #46,990
  • Dec 16, 2014 2:21pm Dec 16, 2014 2:21pm
Quoting TheScorpS
{quote} Me too, but I cant find the ABP candles , I downloaded one that looks like the APB candles but not exact, so what candles are u using?

I use the regular HA candles that come with Forex Tester and MT4. They're close enough that they work just fine for me.

However, I did miss that nearly 300 pip pop on GJ early this morning. Damn it. Now I'll focus on trying to catch the next potential leg down.
  • #46,991
  • Dec 16, 2014 2:26pm Dec 16, 2014 2:26pm
Quoting sknight1
{quote} I use the regular HA candles that come with Forex Tester and MT4. They're close enough that they work just fine for me. However, I did miss that nearly 300 pip pop on GJ early this morning. Damn it. Now I'll focus on trying to catch the next potential leg down.
i thought you were waiting for that GJ long? asleep?
Daniel
  • #46,992
  • Dec 16, 2014 2:26pm Dec 16, 2014 2:26pm
Quoting Greenb
2 trades total for the day GU + 47 pips GJ + 54 pips (because of pullback and my inattentiveness...it was up to 180 pips at some point during trade and i DID NOT move SL..) more importantly, i did not monitor how the price moves after such pullback and missed NY opportunity that has gone 150 pips now... note to self....always move your SL when PA moves =.= {image} {image}

Good for you on GJ long.
  • #46,993
  • Dec 16, 2014 2:28pm Dec 16, 2014 2:28pm
Quoting Greenb
{quote} i thought you were waiting for that GJ long? asleep?

Yep... I finally "passed out" at 4am my time. GJ pop started about 45 minutes to an hour later.

I should just set an alarm on my phone to go off every hour when I'm waiting for something like that.
  • #46,994
  • Dec 16, 2014 2:28pm Dec 16, 2014 2:28pm
Quoting sknight1
{quote} Good for you on GJ long.
GU long actually, signal comes 1st and then i decided i can't stay up all night/morning and missed that NY GJ long set up
did you get any pips last night?

Quoting sknight1
{quote} Yep... I finally "passed out" at 4am my time. GJ pop started about 45 minutes to an hour later. I should just set an alarm on my phone to go off every hour when I'm waiting for something like that.
i did that couple times XD ended up waking up bleary eyed and cant see a squat or the alternative is snooze button lol
really need a squawk system for the "early" morning trade.


also that GJ, nearly touched 38.2 and then bounce. looks like tonight is going to be lots of opportunity also
p.s touched MBL and that 200 EMA line SJ uses
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 103 KB
Daniel
  • #46,995
  • Dec 16, 2014 2:36pm Dec 16, 2014 2:36pm
Quoting GoodVibratio
Hello TMS guys! For those who want, here's the DOTS indicator.... It is not the latest version but I think it is no different from the last {file}
Goodvibratio,

Nice meeting you!

Thank you very much for the indicator, I'm sure a lot of
traders will check it out

I think everyone is doing great & getting dialed in!

sj
  • #46,996
  • Dec 16, 2014 2:36pm Dec 16, 2014 2:36pm
Quoting Greenb
{quote} GU long actually, signal comes 1st and then i decided i can't stay up all night/morning and missed that NY GJ long set up did you get any pips last night? {quote} i did that couple times XD ended up waking up bleary eyed and cant see a squat or the alternative is snooze button lol really need a squawk system for the "early" morning trade.

Sadly, I just lost money last night.

I was anticipating longs on EJ, GJ, GA, EA. Every stinking one of them did exactly what I was anticipating....! And I caught none of it. I like the "watch dog" cross alarm that LW uses but, every time it sounds, I have some kind of Pavlovian reaction to it and feel as though I "have to do something" and I end up taking bad trades.

Maybe I should just provide chart analysis to others and make my living that way?
  • #46,997
  • Dec 16, 2014 2:39pm Dec 16, 2014 2:39pm
Quoting Greenb
{quote} GU long actually, signal comes 1st and then i decided i can't stay up all night/morning and missed that NY GJ long set up did you get any pips last night? {quote} i did that couple times XD ended up waking up bleary eyed and cant see a squat or the alternative is snooze button lol really need a squawk system for the "early" morning trade. also that GJ, nearly touched 38.2 and then bounce. looks like tonight is going to be lots of opportunity also p.s touched MBL and that 200 EMA line SJ uses {image}

I think I just need to move from the Midwest US to Australia where the LO and NYO happen at mid-morning and afternoon hours, instead of 2am and 8am my time.

Hey Griff !!! Got a spare closet in your house? I don't take up much space, and I'm quiet (except for when I'm swearing at the market).
  • #46,998
  • Dec 16, 2014 2:43pm Dec 16, 2014 2:43pm
Quoting sknight1
{quote} Sadly, I just lost money last night. I was anticipating longs on EJ, GJ, GA, EA. Every stinking one of them did exactly what I was anticipating....! And I caught none of it. I like the "watch dog" cross alarm that LW uses but, every time it sounds, I have some kind of Pavlovian reaction to it and feel as though I "have to do something" and I end up taking bad trades. Maybe I should just provide chart analysis to others and make my living that way?

I have the same problem. Looks like I missed loads today.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,999
  • Dec 16, 2014 2:45pm Dec 16, 2014 2:45pm
Quoting nods80
{quote} I have the same problem. Looks like I missed loads today.
Yes, but you went to a park and you haven't become suddenly single.
  • #47,000
  • Dec 16, 2014 2:50pm Dec 16, 2014 2:50pm
Quoting sknight1
{quote} I think I just need to move from the Midwest US to Australia where the LO and NYO happen at mid-morning and afternoon hours, instead of 2am and 8am my time. Hey Griff !!! Got a spare closet in your house? I don't take up much space, and I'm quiet (except for when I'm swearing at the market).
So mush difficult to trade LO when ur time zone is ur sleeping time, I happened to be where LO prints at 11 a.m. and NYO prints at 4 p.m. my local time, hope u find a way thats comfortable enough to trade LO
I Have Learned to Take Some Losses to Make Profits
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