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Trading Made Simple

  • #48,241
  • Jan 4, 2015 3:37am Jan 4, 2015 3:37am
Quoting lastingwell
{quote}Something is wrong with that profit, if you treat them separately as you should do because they are separate trades, they just happen to be on the same chart, and count the amount of money the broker would have given you when the trades closed,: 100 pips on the first trade would have given you $1,000 ($10 x 100) second trade would have been $750 ($10 x 75) third trade $500 ($10 x 50) and fourth trade would have been $250 ($10 x 25) add those together and you have $2500 not $5,000 and $2500 divided by $10 a pip = 250 pips. So if indeed your...
Thanks LW,

Just makes sense when you phrase it like this... I thought I was going mad!
Focus on the process and the profits will follow
  • #48,242
  • Edited 4:04am Jan 4, 2015 3:44am | Edited 4:04am
Quoting lastingwell
{quote}I read the post in its entirety and haven't made assumptions, I have seen this type of chart before but not commented on them, but the maths remain the same. On the image you have "when price close below TP1 exit 1 position at +1R" and its not. If your whole risk is 2% if both positions go straight to the stop loss before going anywhere, your risk is 2% if you then take one of the positions out at the first level you have just added 1% = 0.5R if the second position then goes on as planned to the 2R line you have got 2% from that trade and...
lastingwell,

I let you make your point whatever your thinking is and your intentions.
You and I are at different level in trading, and your kind do not bother me.
I am not interested to have any further exchange with you here in FF.
So please move one.

Emmanuel
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,243
  • Jan 4, 2015 4:03am Jan 4, 2015 4:03am
Quoting omonisha
Happy new year to every one. 2 Calculator {image} {image} {file} {file}

Hi omonisha,

I just had time to look into your post and the spreadsheet.
Good post and the points made requires some re-thinking on my part.
Thanks.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,244
  • Jan 4, 2015 6:10am Jan 4, 2015 6:10am
Quoting emmanuel7788
{quote} adikashyap et all, here some general remarks to this money management topic: The pips count alone is not sufficient to measure your trading results or the performance of a trading system. The are many other factors to consider how a trading system performs. This is outside the scope of discussion in this thread. You need to look at how you manage your trade risks when you use multiple entries and multiple exits ME/ME strategy. It is complex at first look but with enough practice it will become easier. Know the concept, work that on paper...
Bravo
  • #48,245
  • Jan 4, 2015 6:19am Jan 4, 2015 6:19am
It is wonderful to hear people making lots of green pips in trading fx and specially here in this thread. I am truly happy for Adi for whatever $ amount he claimed he made so far, please forget about the R:R thingy for now and move on to the next page....
What I wanted to add in is take care of what you have earned Adi, you will find out in a few months time why I said so. Your excitement reminding me of my first few months starting my trading journey...lots of money coming...That's why I really appreciate people here who care to share their views and knowledges and be really humble.
Have a good week to all.
Appreciation is the key to wealth and happiness
  • #48,246
  • Jan 4, 2015 6:23am Jan 4, 2015 6:23am
Quoting likica
It is wonderful to hear people making lots of green pips in trading fx and specially here in this thread. I am truly happy for Adi for whatever $ amount he claimed he made so far, please forget about the R:R thingy for now and move on to the next page.... What I wanted to add in is take care of what you have earned Adi, you will find out in a few months time why I said so. Your excitement reminding me of my first few months starting my trading journey...lots of money coming...That's why I really appreciate people here who care to share their views...
Your point ... as every one's point and advice here is taken in right spirit only as I know guys here go all out to help each other ...
I have learnt more on this thread than anywhere else ...
Thanks a lot buddy .....
  • #48,247
  • Jan 4, 2015 6:34am Jan 4, 2015 6:34am
Quoting lastingwell
{quote}Something is wrong with that profit, if you treat them separately as you should do because they are separate trades, they just happen to be on the same chart, and count the amount of money the broker would have given you when the trades closed,: 100 pips on the first trade would have given you $1,000 ($10 x 100) second trade would have been $750 ($10 x 75) third trade $500 ($10 x 50) and fourth trade would have been $250 ($10 x 25) add those together and you have $2500 not $5,000 and $2500 divided by $10 a pip = 250 pips. So if indeed your...
Thanks Lastingwell,

Appreciate your time, Its been a long time. How u doing ?

I have tried to put your explanation in the diagram. Please feel free to correct me if you see any errors in it.
Attached Image (click to enlarge)
Click to Enlarge Name: Money management TMS.png Size: 51 KB


Kindest regards
  • #48,248
  • Jan 4, 2015 6:39am Jan 4, 2015 6:39am
Quoting MrAussieFX
{quote} Thanks Lastingwell, Appreciate your time, Its been a long time. How u doing ? I have tried to put your explanation in the diagram. Please feel free to correct me if you see any errors in it. {image} Kindest regards
Right to the T ... Bingo ....
I STAND CORRECTED .....
Your pictures always convey so many aspects so very easily ....
  • #48,249
  • Jan 4, 2015 7:02am Jan 4, 2015 7:02am
Quoting adikashyap
{quote} Right to the T ... Bingo .... I STAND CORRECTED ..... Your pictures always convey so many aspects so very easily ....
Hi Ad,

Please forgive me but I didn't mean to prove anyone right or wrong. My effort was only to convey Lastingwell's comment in diagrammatic form so that anyone following that specific "Trade management breakdown" comment can easily relate it to the diagram and see what she is trying to explain.

I take NO credit of the diagram above as the original idea was posted by Lastingwell.

Kindest regards
  • #48,250
  • Jan 4, 2015 7:09am Jan 4, 2015 7:09am
EA stalled at 50%fib level with long wick bars, it s not surprising if it retraces back to guppy on H4 next week.
Attached Image (click to enlarge)
Click to Enlarge Name: EA D H4 view Sun 4.1.15.png Size: 107 KB
Appreciation is the key to wealth and happiness
  • #48,251
  • Jan 4, 2015 7:30am Jan 4, 2015 7:30am
Quoting likica
EA stalled at 50%fib level with long wick bars, it s not surprising if it retraces back to guppy on H4 next week. {image}
Similar view..Price may go up to 1.495 to 1.5 before it come down to run with HTF trend.

Candlestick Chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Analysis.png Size: 76 KB
Sad i'm not trying to understand PA
  • #48,252
  • Jan 4, 2015 7:51am Jan 4, 2015 7:51am
Quoting emmanuel7788
{quote} lastingwell, I let you make your point whatever your thinking is and your intentions.
Thats very kind of you, to let me make my point, but my intention was to point out the maths is wrong which I'll carry on doing whether its you or anyone else that is doing it.
Quote
You and I are at different level in trading, and your kind do not bother me.
And that "kind" would be those people that point out where you're wrong? Please don't make assumptions on the level of trading I am at.
Quote
I am not interested to have any further exchange with you here in FF. So please move one. Emmanuel
You may want that, but sorry its not going to happen. Last time I looked, you are not the owner of the thread or FF so put me on ignore.
  • #48,253
  • Jan 4, 2015 7:53am Jan 4, 2015 7:53am
Quoting MrAussieFX
{quote} Thanks Lastingwell, Appreciate your time, Its been a long time. How u doing ? I have tried to put your explanation in the diagram. Please feel free to correct me if you see any errors in it. {image} Kindest regards
Thanks MrAussie, I should be able to post more again now. And you explained it really well
  • #48,254
  • Jan 4, 2015 8:03am Jan 4, 2015 8:03am
Quoting dan78
28 opportunities : {image}
Hi Dan this indicator looks good for set ups, any chance you could give a brief description of how you use it, and also would you mind posting it ? Many thanks M
  • #48,255
  • Jan 4, 2015 8:28am Jan 4, 2015 8:28am
HI all
I'm new here, been reading this thread through all my holiday :-) I'm going to try it on demo account. To bad I'm at work during LO hours. Wish you all good luck.
  • #48,256
  • Jan 4, 2015 8:50am Jan 4, 2015 8:50am
Quoting omonisha
Happy new year to every one. 2 Calculator {image} {image} {file} {file}
This is the best New Year gift that I have had ...
Opens a New Vista / a new thought process to build up the account, by risking too less, brick by brick ..
Bless you .
Ady
  • #48,257
  • Jan 4, 2015 9:08am Jan 4, 2015 9:08am
Quoting lastingwell
{quote}Thanks MrAussie, I should be able to post more again now. And you explained it really well
Thanks Lastingwell, Can't wait to see your contribution.
Quoting omonisha
{quote} Similar view..Price may go up to 1.495 to 1.5 before it come down to run with HTF trend. Candlestick Chart {image}
Quoting likica
EA stalled at 50%fib level with long wick bars, it s not surprising if it retraces back to guppy on H4 next week. {image}
Hi Guys,

Appreciate your EA analysis.
As I'm still selling EA from last week. This is what I think of EA.
Attached Image (click to enlarge)
Click to Enlarge Name: EA H4 where the trade is now.png Size: 284 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EA daily Where the trade is now.png Size: 267 KB


Kindest regards
  • #48,258
  • Jan 4, 2015 9:54am Jan 4, 2015 9:54am
Quoting MrAussieFX
{quote} Thanks Lastingwell, Appreciate your time, Its been a long time. How u doing ? I have tried to put your explanation in the diagram. Please feel free to correct me if you see any errors in it. {image} Kindest regards
A picture worths 1000, thanks a lot MrAussie
I Have Learned to Take Some Losses to Make Profits
  • #48,259
  • Jan 4, 2015 9:58am Jan 4, 2015 9:58am
Quoting TheScorpS
{quote} A picture worths 1000, thanks a lot MrAussie
Absolutely ... If God is in small things (details) ... he is Santa Claus ...
  • #48,260
  • Jan 4, 2015 10:07am Jan 4, 2015 10:07am
Quoting adikashyap
{quote} Absolutely ... If God is in small things (details) ... he is Santa Claus ...
Thanks for adding to TMS, appreciate ur efforts
I Have Learned to Take Some Losses to Make Profits
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