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Trading Made Simple

  • #47,161
  • Dec 17, 2014 3:39pm Dec 17, 2014 3:39pm
Hey All, Not managed any trading today as taking the GF out was a necessity. I'm travelling back to the UK tomorrow and have a few charts to do a back test on. I have been reading through PHX62 study guides and I was wondering if anyone had tried of a similar method of his where you enter on the 1H cross only in the London session and exit any trade upon the printing of a 30M candle of the opposite color?
I have the charts downloaded and will give me some idea as to how this method would work. (only EU)

Anyway good luck to all over the next few days.

EDIT: Im running 3 different tests, first one as mentioned before. Second one taking note of all potential profits after the close of a 1H candle and compare then to the first test. Third one is very basic and I dont expect much but its a combination of the 2: Entering on the 30M TDICross and exiting on 1st print of a different color candle.
  • #47,162
  • Dec 17, 2014 3:47pm Dec 17, 2014 3:47pm
Quoting fxray
{quote} Hi mkfx, light grey is weak sup/res and dark grey is strong sup/res. Hope this helps Ray
No, thats not right, light grey is supply/demand that has been tested before and threw the price back, the dark grey is untested.
  • #47,163
  • Dec 17, 2014 5:01pm Dec 17, 2014 5:01pm
Quoting nods80
Does anyone know of a ADR table? where you can see the adr of multiple pairs in one view? Thanks
Hi

You can find in other thread. I PM you link.


Thanks
  • #47,164
  • Dec 17, 2014 5:02pm Dec 17, 2014 5:02pm
Quoting lastingwell
{quote}No, thats not right, light grey is supply/demand that has been tested before and threw the price back, the dark grey is untested.

Thanks Lastingwell. I download which was uploaded by you.
  • #47,165
  • Dec 17, 2014 5:12pm Dec 17, 2014 5:12pm
Quoting likica
Oil is up atm... {image}

Hi Likica,

Great winning trade.

Thanks
  • #47,166
  • Dec 17, 2014 5:26pm Dec 17, 2014 5:26pm
Quoting lastingwell
{quote}No, thats not right, light grey is supply/demand that has been tested before and threw the price back, the dark grey is untested.
Can I get this indicator for market scope?
  • #47,167
  • Dec 17, 2014 6:30pm Dec 17, 2014 6:30pm
Quoting shay14
guys, dont ignore me please, how do you figure out your TP? any useful indis?
Are you a Day Trader or Swing Trader or Position Trader? Trading in different timeframes matters when you are just looking at pips for TP and not the Risk Reward.

Quoting shay14
{quote} just trying to use MM techniques, i don't use stoploss but wouldn't the ATR or ADR help to determine a TP?
Target Profit TP is an integral part of your Exit Strategy.
When you use Money Management MM strategy you must have an initial Stop Loss for every trade setup and use that initial SL to determine the Risk R of your trade(s) and using money management risk % to do the Positions Sizing for all trades. Use R-Multiple to manage your trades entries and exits, and let the market decide on your final TP.

Hope this help.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,168
  • Dec 17, 2014 7:57pm Dec 17, 2014 7:57pm
Its very quiet Asian session today
  • #47,169
  • Dec 17, 2014 8:16pm Dec 17, 2014 8:16pm
Quoting snarlyjack
{quote} Timos, Nice meeting you! This is excellent advice... Nods, This is great advice also... sj
Thanks pal.TMS is the first method i read when started trading but i use a different approach/entry at the moment.
Tim
  • #47,170
  • Dec 17, 2014 8:22pm Dec 17, 2014 8:22pm
Long AJ H4 TP: 100
a bit late entry, and a lot of resistances, see how it goes..
  • #47,171
  • Dec 17, 2014 8:25pm Dec 17, 2014 8:25pm
Seeking to Short GC... (should have shorted since yesterday though..)
  • #47,172
  • Dec 17, 2014 8:26pm Dec 17, 2014 8:26pm
Hi Everyone!
Hope you all had a great year and that you will spend some time away from you graphs and spend it with family!

Use this as motivation that it is really possible or just leave it..
I used to always blame the timeframes and missed opportunities for not really moving ahead....I have been profitable for a few years now but there was no real consistency.. up 10%..down 6%..up 3%..down 8%..etc. $5k became $25k but it's been a rough journey.
About 3/4 months ago after some of Emmanuel's post I really started to work on my game plan. Some of it is laid in stone and there are still parts that's evolving...there is a document in this thread I used..can't find a blank now as mine is filled in.

Anyway, I moved away from 1h trading and dropping to lower timeframes.. Now I only look at D-graphs, dropping down to 4h timeframe for TDI cross and after some planning and meeting my criteria I'll jump in and close the computer for at least 4 hours! Thanks SnarlyJ..got that from you! I do add to positions and try to ride the trend as long as possible..closing the computer really helps as it stops you from trying to micro manage everything. Trust your planning.

Below is my growth for the last month..yes, we had a nice trendy run so good conditions but markets have trended in the past and I never managed to ride it this nicely.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2014-12-18 at 2.49.55 PM.png Size: 108 KB


Wish you all a good break over festive season.
Thanks for everyone posting and motivating us.
It's been a great community the last few months!

ALL THE BEST! See you back in 2015
Bigpips
  • #47,173
  • Dec 17, 2014 8:48pm Dec 17, 2014 8:48pm
Quoting Idkurv
Long AJ H4 TP: 100 a bit late entry, and a lot of resistances, see how it goes..
expect a retracement... Take a look at it from a 1hr perspective
  • #47,174
  • Dec 17, 2014 9:20pm Dec 17, 2014 9:20pm
Quoting moretti12
{quote} expect a retracement... Take a look at it from a 1hr perspective
I hope it will reach 97 before retracement, otherwise re-load long after retracement.
Thanks for reminding

anyone trade GN H1? I short at 2.02085
TP 2.01200
please correct me if there is something to re-evaluate.
  • #47,175
  • Dec 17, 2014 9:32pm Dec 17, 2014 9:32pm
Quoting Idkurv
{quote} anyone trade GN H1? I short at 2.02085 TP 2.01200
support at 2.0180 - 2.0160..
break it please
  • #47,176
  • Dec 17, 2014 9:41pm Dec 17, 2014 9:41pm
Quoting bigpips
Hi Everyone! Hope you all had a great year and that you will spend some time away from you graphs and spend it with family! Use this as motivation that it is really possible or just leave it.. I used to always blame the timeframes and missed opportunities for not really moving ahead....I have been profitable for a few years now but there was no real consistency.. up 10%..down 6%..up 3%..down 8%..etc. $5k became $25k but it's been a rough journey. About 3/4 months ago after some of Emmanuel's post I really started to work on my game plan. Some of...

Very much a good job.
this system work, just have to be discipline and patience
Daniel
  • #47,177
  • Dec 17, 2014 9:42pm Dec 17, 2014 9:42pm
Quoting Idkurv
{quote} I hope it will reach 97 before retracement, otherwise re-load long after retracement. Thanks for reminding anyone trade GN H1? I short at 2.02085 TP 2.01200 please correct me if there is something to re-evaluate.
trading into 200MA on H4 is a bit concerning...
Appreciation is the key to wealth and happiness
  • #47,178
  • Dec 17, 2014 9:46pm Dec 17, 2014 9:46pm
This trade was meant for FOMC .... As it was night time in India ... Had 75 pips SL and 100 pip TP ... and went to bed ...
Woke up with this ....
Attached Image (click to enlarge)
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  • #47,179
  • Dec 17, 2014 9:54pm Dec 17, 2014 9:54pm
Quoting bigpips
Hi Everyone! Hope you all had a great year ... Wish you all a good break over festive season. Thanks for everyone posting and motivating us. It's been a great community the last few months! ALL THE BEST! See you back in 2015 Bigpips
Well done! See you in 2015 mate!
  • #47,180
  • Dec 17, 2014 10:11pm Dec 17, 2014 10:11pm
Quoting Idkurv
{quote} I hope it will reach 97 before retracement, otherwise re-load long after retracement. Thanks for reminding anyone trade GN H1? I short at 2.02085 TP 2.01200 please correct me if there is something to re-evaluate.
Have you noticed how sideways GN is?
I suggest you look for setups on the most trending pairs, you can find... the steeper the easier it gets

Lets compare it with EA.

GN

Attached Image (click to enlarge)
Click to Enlarge Name: choppy.png Size: 46 KB


EA

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Click to Enlarge Name: trend.png Size: 43 KB
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