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Trading Made Simple

  • #47,101
  • Dec 17, 2014 3:02am Dec 17, 2014 3:02am
Quoting adikashyap
First 50+ for the day .... {image}
Same pair ... different direction ... same result ....
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1a.png Size: 43 KB
  • #47,102
  • Dec 17, 2014 3:13am Dec 17, 2014 3:13am
chfjpy potential short signal? what are your thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.PNG Size: 57 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #47,103
  • Dec 17, 2014 3:43am Dec 17, 2014 3:43am
Took 2 trades on LO. Nice and clear setup, simple entry as always. Didn't enter on FO, because i try to enter 2d bar on reversals for waiting a confirmation. On LO price retraced a little and then continued FO down move. GBP/AUD worked much more better, but at first it looked even worse than EUR/AUD. So general 85 pips and very nice result for the day for me.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM15.png Size: 28 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 28 KB
  • #47,104
  • Dec 17, 2014 4:10am Dec 17, 2014 4:10am
Quoting toledoFX
Took 2 trades on LO. Nice and clear setup, simple entry as always. Didn't enter on FO, because i try to enter 2d bar on reversals for waiting a confirmation. On LO price retraced a little and then continued FO down move. GBP/AUD worked much more better, but at first it looked even worse than EUR/AUD. So general 85 pips and very nice result for the day for me. {image} {image}
SWEET AS!
I skipped GA as it appeared quite strong in h4, but it would have been a very good trade!

well done Toledo!
Lorenzo
  • #47,105
  • Dec 17, 2014 4:33am Dec 17, 2014 4:33am
Quoting toledoFX
Took 2 trades on LO. Nice and clear setup, simple entry as always. Didn't enter on FO, because i try to enter 2d bar on reversals for waiting a confirmation. On LO price retraced a little and then continued FO down move. GBP/AUD worked much more better, but at first it looked even worse than EUR/AUD. So general 85 pips and very nice result for the day for me. {image} {image}
nice shots ToledoFx

Quoting omonisha
GBPNZD- First entry was risky at 1H TF breaking of the IB over the 200 ema. Added position on 4H TF is a basic TMS second candle entry after price bounce from 200 ema and TDI over the MBL. {image}
good one off 200ma Omonisha

Quoting adikashyap
{quote} Same pair ... different direction ... same result .... {image}
congrats AD

Quoting TheScorpS
{quote} I really, I mean really like how you manage those trades while they goes in the negative side I just look at those trades that needed strength to manage , those I learn a lot from, or others that has already started the move and then you almost go in some pips late, but finally with good management, PA does the job of bringing green pips Good trading as always
Thanks for your support TSS. Lots of things have been moving a bit wild these days
Appreciation is the key to wealth and happiness
  • #47,106
  • Dec 17, 2014 5:03am Dec 17, 2014 5:03am
Quoting nods80
chfjpy potential short signal? what are your thoughts? {image}

Hi Nod / Any one

In the above post, These is one indicator supply resistance used in chart but there are two colors one is dark gray and one light gray , what is the difference between these. two levels

Thanks
  • #47,107
  • Dec 17, 2014 5:14am Dec 17, 2014 5:14am
Quoting mkfx
{quote} Hi Nod / Any one In the above post, These is one indicator supply resistance used in chart but there are two colors one is dark gray and one light gray , what is the difference between these. two levels Thanks
Hi mkfx, light grey is weak sup/res and dark grey is strong sup/res.

Hope this helps

Ray
  • #47,108
  • Dec 17, 2014 5:19am Dec 17, 2014 5:19am
Guys what are your tips for money management ?
How many positions you open at the same time ? Do you use trailing stop ?
  • #47,109
  • Dec 17, 2014 5:23am Dec 17, 2014 5:23am
Quoting fxray
{quote} Hi mkfx, light grey is weak sup/res and dark grey is strong sup/res. Hope this helps Ray

Thanks Fxray
  • #47,110
  • Dec 17, 2014 6:00am Dec 17, 2014 6:00am
Quoting lorbax
{quote} Exactly same trade here.. same considerations, 40 pips in 30 mins are good enough to close on H1 for me. {image} Even though, I am doing this reasoning in the last few days, many pairs start to be in the "end of year" choppiness/ranging. I generally prefer H4 to avoid spikes, compared to H1, while now, in the last few days I noted the opposite, H4 tend to struggle to reach TPs, many spikes, as opposed to H1 (EA, GA....) which are showing pretty smooth movements. Probably it's something temporary ... but can be exploited. cheers
Hey lorbax did you stay in this trade?
Intelligence is the ability to adapt to change. Stephen Hawking
  • #47,111
  • Dec 17, 2014 6:17am Dec 17, 2014 6:17am
Quoting lorbax
{quote} SWEET AS! I skipped GA as it appeared quite strong in h4, but it would have been a very good trade! well done Toledo!
Thank you mate! Ahh, find it hard to choose what pair to take when there are 2 similar setups. Recently i was looking on correlated pairs, like GJ or EJ, to understand the strenght of EUR or GBP, but last few days that correlations didn't work at all. So i've decided to take 2 trades at once, even it's not in my usual rules. But that were really nice setups, very clear.
Nice to see you back! Do you also trade H1 along with H4 now?
Quoting likica
{quote} nice shots ToledoFx {quote}
Thanks Likica! Nice, but not so amazing as your usual shots
  • #47,112
  • Dec 17, 2014 6:19am Dec 17, 2014 6:19am
Hi all

GA charts attached, showing daily and the 4hr entry chart for a short.

There is an AB=CD on the daily, along with a TDI cross on the 4hr entry chart.and both are in the right areas for me.

I have a small position as it is set and forget type set up, but rr in the region of 3 - 4 to 1 makes it an attractive enough risk in my eyes at least.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH4.png Size: 23 KB
  • #47,113
  • Dec 17, 2014 6:31am Dec 17, 2014 6:31am
Quoting baidovich
Guys what are your tips for money management ? How many positions you open at the same time ? Do you use trailing stop ?
MM is very and very personal thing. What is good to one person may not be good to another. One thing, that almost everyone is doing here - move yout SL to BE area after getting 20-30 pips on H1. Also you can use trailing stop after getting some profit, you can close 50% of position on some stage and so on. All that you should find when testing the system. I usually don't open few positions at the same time, usually there is one open trade, but sometimes seldom i can open 2 at once if the signal is strong. Someone open several positions at once and they are doing good at it. Depends on your lot size and on your risk management. Usual TP is 50-60 pips for H1, but sometimes it's good to have +30, sometimes you can get +100 or even more. Depends on momentum and situation.
Managing the position is one of the most important and hardest thing to learn.
  • #47,114
  • Dec 17, 2014 7:09am Dec 17, 2014 7:09am
I was on the same trade is Nod this morning EA short. Had my traling stop, got stopped for 45greens. :-) first trade with TMS. And it was positive!!!! Thank you guys looking for new ones this morning see what the market brings.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #47,115
  • Dec 17, 2014 7:19am Dec 17, 2014 7:19am
What do you guys think of the GU on the 1HR? Strong indicator. 2 bearish bars. Entry on the third to the downside?
Positive anything is better than negative thinking.- Elbert Hubbard
  • #47,116
  • Dec 17, 2014 7:25am Dec 17, 2014 7:25am
Quoting redcloudxlll
What do you guys think of the GU on the 1HR? Strong indicator. 2 bearish bars. Entry on the third to the downside?
200 EMA is THE hurdle ... Observe 3 times it bounced off 200 level ... better to wait till the hurdle is well cleared ... And previous 7 candles has wicks on both sides ... Not very convincing for trend ... My thoughts though ...
  • #47,117
  • Dec 17, 2014 7:52am Dec 17, 2014 7:52am
Quoting sknight1
{quote} Here's some info for how to put a TDI indicator on your cell phone chart. I picked this up from this thread a long time ago. It's not exactly like what you'll see on your computer chart but, it's pretty darn close. I'll include a jpeg of what the cell phone image will look like. The black background chart is what the TDI indicator looks like on my iphone, the white one is from someone else's posted long ago. ---------------------- You can replicate the TDI using any platform provided RSI indicator. Here is how to do it. How to replicate...
nice skynight1.. just that the heiken ashi cant be used in MT mobile.
anyhow, i saw 1 mobile app that gives heiken ashi and the TDI as well.. try use the Trade Interceptor.
  • #47,118
  • Edited 8:08am Dec 17, 2014 7:57am | Edited 8:08am
GA +50pips & EA +20pips (just missed TP@50pips ) & AChf +20pips (so very slow ) & AJ BE+comm [all light trades] : total +90pips

Comment: manual exit from AJ... small candles, wicky, slow PA
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 33 KB
  • #47,119
  • Dec 17, 2014 8:09am Dec 17, 2014 8:09am
Quoting csethna
Hi TMS, not much of a poster here, but thought I would share. Firstly thanks to lastingwell and snarlyjack and all who contibute to this thread. I am really bad at H1 and okay on H4. The big difference happened when I shifted to the daily,even though that means getting up at 3:30 am(India time). Trading Made simple has redifined itself for me. Here are a couple of trades still running, one from last week. Patience takes on a new meaning when trading the dailies, but a life- lesson in itself. Thank u all and God Bless. {image} {image}
Csethna,

Nice meeting you & welcome to Tms,

That is excellent, way to go!
Keep on trucking
sj
  • #47,120
  • Dec 17, 2014 8:12am Dec 17, 2014 8:12am
Quoting griffinssoul
GA +50pips & EA +20pips (just missed TP@50pips ) & AChf +20pips (so very slow ) & AJ BE+comm [all light trades] : total +90pips Comment: manual exit from AJ... small candles, wicky, slow PA {image}
Intelligence is the ability to adapt to change. Stephen Hawking
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