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Trading Made Simple

  • #47,561
  • Edited 1:57am Dec 23, 2014 1:09am | Edited 1:57am
Quoting wyley187
on a side note, I'm waiting for a retrace to maybe get long eur/aud if I can get some confirmation

...depends on what TF you are thinking of but its looking good to me on the D1 (be on the look out for a LH, double top or short trap over the next few W) with around 300pips headroom. But then things will become less clear... (in EWT i am looking for the wave-c correction down)
  • #47,562
  • Dec 23, 2014 1:10am Dec 23, 2014 1:10am
Quoting griffinssoul
{quote} Oh, i see now, yes its just aggressive - since this is the TF you are trading on so a conservative trade would wait for a proper cross to form by candle close... its still ok but you may get into trouble more often...
Thanks griff, you confirmed what I was already thinking, I think I should just be done til after the year because I'm pushing my setups and not following the rules
  • #47,563
  • Dec 23, 2014 1:10am Dec 23, 2014 1:10am
Quoting griffinssoul
GA +50pips : 1H(bounce)/4H : standard setup... Ummm... had reset SL to BE+comm... {image}
The world was yours until now. good shots from both GA & EA trades
Appreciation is the key to wealth and happiness
  • #47,564
  • Dec 23, 2014 1:16am Dec 23, 2014 1:16am
Long on AU as it bounced from previous week Low ...
Any comments / advice?
  • #47,565
  • Edited 1:45am Dec 23, 2014 1:19am | Edited 1:45am
AChf BE+comm : 1H(cross)/4H(bounce) - weird cross really, more like a bounce... i really hate when this happens - so close to TP (30pips for santa)... time for one of these icons... [LOL!]... yep, i know what you are thinking... looking bearish and then some but MM rules are rules... [once you set to BE+comm never reset it - no excuses!]
Attached Image (click to enlarge)
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  • #47,566
  • Dec 23, 2014 1:25am Dec 23, 2014 1:25am
Quoting wyley187
{quote} Thanks griff, you confirmed what I was already thinking, I think I should just be done til after the year because I'm pushing my setups and not following the rules
I recommend following the rules strictly - for at least 3 MN, until you get super good - like Emmanuel said get some trading time under your belt... then you can chose to be more aggressive...
  • #47,567
  • Dec 23, 2014 2:01am Dec 23, 2014 2:01am
Quoting adikashyap
Long on AU as it bounced from previous week Low ... Any comments / advice?
...thats a nice ABCD move down on the W [retrace of 32.8 so by the rules from TSS this just qualifies] - hitting strong W support...

Look @ AChf for advanced form of similar structure... on AChf what you are looking for is a HL for the move up - this is a much safer entry (sometimes called 'second entry') than the bottom
  • #47,568
  • Edited 2:29am Dec 23, 2014 2:19am | Edited 2:29am
...looks like they reversed up things @ LO - if they reverse (what they have reversed?) this later then it might give some nice crosses/TMS signals... ???
  • #47,569
  • Edited 3:44am Dec 23, 2014 2:41am | Edited 3:44am
Quoting adikashyap
Long on AU as it bounced from previous week Low ... Any comments / advice?

you can always scalp M15 around BRN and get 10 to 20 pips. ..just look where the 50EMA and 200EMA are on M15 chart.

Edit:
add chart to explain what I mean by M15 scalping using TMS basics.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 23 Dec M15 scalping.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,570
  • Dec 23, 2014 3:26am Dec 23, 2014 3:26am
Quoting griffinssoul
GA +50pips : 1H(bounce)/4H(cross) : standard setup... Ummm... had reset SL to BE+comm... {image}
Nice to see your trade, thanks , well done
I Have Learned to Take Some Losses to Make Profits
  • #47,571
  • Dec 23, 2014 3:39am Dec 23, 2014 3:39am
Was I lucky to catch the moves on GN & GA? where GN tdi crossed and bounced off 200ma, GA had good tdi angle even though it was against current trend (guppy and 200MA) Collected +50 green from ea BTW

was disappointed about my GU trades: should have had full PT if I put my SL @ last swing high for my 2nd short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GN GA m30 short Tue 23.12.14 LO +50.png Size: 117 KB
Click to Enlarge Name: GU trades Mon H4 Tue m30 22 23.12.14 +30-25.png Size: 106 KB
Appreciation is the key to wealth and happiness
  • #47,572
  • Dec 23, 2014 4:00am Dec 23, 2014 4:00am
Quoting emmanuel7788
{quote} you can always scalp M15 around BRN and get 10 to 20 pips. ..just look where the 50EMA and 200EMA are on M15 chart. Edit: add chart to explain what I mean by M15 scalping using TMS basics. {image}
Thanks Emm .... You keep adding NEW dimensions to a trading thinking process ....
  • #47,573
  • Dec 23, 2014 4:00am Dec 23, 2014 4:00am
Quoting TheScorpS
{quote} Nice to see your trade, thanks , well done
Thanks TSS!

Quoting likica
Was I lucky to catch the moves on GN & GA? where GN tdi crossed and bounced off 200ma, GA had good tdi angle even though it was against current trend (guppy and 200MA) Collected +50 green from ea BTW was disappointed about my GU trades: should have had full PT if I put my SL @ last swing high for my 2nd short {image} {image}
Well done!!! They stopped out GU & GJ but not GA or GN ... ???
  • #47,574
  • Dec 23, 2014 4:09am Dec 23, 2014 4:09am
another pain from GCAD short. was wondering if more indies doing any good? was expecting a good bounced signal on H1 since H4 also confirmed. It must have been my psycho (no trust left on H4 these days...)
Attached Image (click to enlarge)
Click to Enlarge Name: GCAD H1 short Tue 23.12.14 SO.png - 8. could ve had full PT. need more trust when H4 confirmed.png Size: 103 KB
Appreciation is the key to wealth and happiness
  • #47,575
  • Dec 23, 2014 4:13am Dec 23, 2014 4:13am
Quoting likica
another pain from GCAD short. was wondering if more indies doing any good? was expecting a good bounced signal on H1 since H4 also confirmed. It must have been my psycho (no trust left on H4 these days...) {image}
I do not have this pair but do not do anything rash now - no changes during holidays - wait until we get back into full trading before deciding on changes otherwise when we do your holiday changes will need changing ... LOL!

These are tough conditions requiring precision Ninja style trading...
  • #47,576
  • Dec 23, 2014 4:14am Dec 23, 2014 4:14am
Quoting griffinssoul
{quote} Thanks TSS! {quote} Well done!!! They stopped out GU & GJ but not GA or GN ... ???
depend on where people left their SL....
Appreciation is the key to wealth and happiness
  • #47,577
  • Dec 23, 2014 4:17am Dec 23, 2014 4:17am
Quoting likica
{quote} depend on where people left their SL....
The text books say have tight stops, right? ... LOL!!! (Griff remembers what Big E said... laughs harder...)

Actually, GN looking great - possible break-out short 4H descending triangle (almost) with 1H cross - anyone take a gamble?
  • #47,578
  • Dec 23, 2014 4:21am Dec 23, 2014 4:21am
Quoting griffinssoul
{quote} The text books say have tight stops, right? ... LOL!!! (Griff remembers what Big E said... laughs harder...)
brokers need our business for their Xmas sweeties. who do we traders need? LW, SJ, Emman...
Appreciation is the key to wealth and happiness
  • #47,579
  • Dec 23, 2014 4:23am Dec 23, 2014 4:23am
Quoting likica
{quote} brokers need our business for their Xmas sweeties. who do we traders need? LW, SJ, Emman...
  • #47,580
  • Dec 23, 2014 4:28am Dec 23, 2014 4:28am
Hey Guys. This will be my last trade this year. Until the new year do to the holidays. I'm super excited for this thread and continuing to learn more about tms and trading. Happy Trading!!!!! Merry Christmas and Happy New years to all of you.
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Positive anything is better than negative thinking.- Elbert Hubbard
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