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Trading Made Simple

  • #48,481
  • Jan 5, 2015 11:11am Jan 5, 2015 11:11am
Quoting montego
{quote} adikashyap, couldn't have put it better myself
A visual what steve says
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trend Cycle.png Size: 280 KB
Click to Enlarge Name: Market Structure.png Size: 114 KB
Sad i'm not trying to understand PA
  • #48,482
  • Jan 5, 2015 11:15am Jan 5, 2015 11:15am
Quoting Walter4x
{quote} Hi Montego, Great results for your first day using the system. I'm new here too, and I'm still setting up my charts. I like the ADR info, can tell me where to find that? Thx
Hi Walter thanks mate, lot to learn but the guys here are really helpful, I have attached the indicator for you its good because you can set it to not take into account Sundays so its supposed to be more accurate, cheers m.
Attached File(s)
File Type: ex4 ADR_no_sunday_bar.v1.ex4   6 KB | 392 downloads
  • #48,483
  • Jan 5, 2015 11:17am Jan 5, 2015 11:17am
Quoting omonisha
{quote} A visual what steve says {image} {image}
Thanks Omonisha that also helped
  • #48,484
  • Jan 5, 2015 11:33am Jan 5, 2015 11:33am
Hello Montego,
I really like the tdi info box you have , is this a seperate indi or part of an tdi indicator?
Where could I get this please.
  • #48,485
  • Jan 5, 2015 11:40am Jan 5, 2015 11:40am
Quoting longman72
Hello Montego, I really like the tdi info box you have , is this a seperate indi or part of an tdi indicator? Where could I get this please.
http://www.forexfactory.com/showthread.php?t=518993
Sad i'm not trying to understand PA
  • #48,486
  • Jan 5, 2015 11:48am Jan 5, 2015 11:48am
Quoting montego
{quote} Thanks Steve and understood

Hi montego;

It's nothing that hasn't been said here many times before but it works.

The only other considerations are making sure you Risk less than you can potentially make as a Reward and making sure not to enter a Short Trade at Support or a Long Trade at Resistance.

It also helps to have Momentum working with you if you can enter Trades where the Candles have little or no wicks then all should be well.

As we all know, there are no guarantees in Trading but as long as our winning Trades gives us a better ROI than our losing Trades we will come out on top.
  • #48,487
  • Jan 5, 2015 12:02pm Jan 5, 2015 12:02pm
Quoting stevepatt
{quote} Hi montego; It's nothing that hasn't been said here many times before but it works. The only other considerations are making sure you Risk less than you can potentially make as a Reward and making sure not to enter a Short Trade at Support or a Long Trade at Resistance. It also helps to have Momentum working with you if you can enter Trades where the Candles have little or no wicks then all should be well. As we all know, there are no guarantees in Trading but as long as our winning Trades gives us a better ROI than our losing Trades we...
Cheers Steve, I will remember this
  • #48,488
  • Jan 5, 2015 12:12pm Jan 5, 2015 12:12pm
[quote=stevepatt;7974394]{quote} Hi montego; It's nothing that hasn't been said here many times before but it works.

Hi steve,
Hope you keeping keeping well mate. It's nice to see you here.
Thanks for all the superb lessons.

Take care.
  • #48,489
  • Jan 5, 2015 12:23pm Jan 5, 2015 12:23pm
Thanks Ominisha,

I downloaded and applied the fix but I just get a blank white box, not sure how to get it. Any ideas anyone?
thanks in advance.
  • #48,490
  • Jan 5, 2015 12:47pm Jan 5, 2015 12:47pm
Quoting longman72
Thanks Ominisha, I downloaded and applied the fix but I just get a blank white box, not sure how to get it. Any ideas anyone? thanks in advance.
Hi longman, if you read the thread you have to use the TDI with the name "TDI red green" at the start of this thread which BIG E gave us a link to, or it wont work, also I think you can change the name of you file but it didn't work for me so I just downloaded the TDI from the start of this thread, when you start up switch form time frame to time frame and it starts working then, hope this helps m
  • #48,491
  • Jan 5, 2015 1:02pm Jan 5, 2015 1:02pm
Quoting redcloudxlll
{quote} Sj, with Dan's weekly Pivot I blew right through the target. about to take profit. 190+ pips!!! Thank you.
Good job

  • #48,492
  • Jan 5, 2015 1:40pm Jan 5, 2015 1:40pm
Quoting dan78
{quote} Good job
Thank you.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,493
  • Jan 5, 2015 1:42pm Jan 5, 2015 1:42pm
Quoting snarlyjack
{quote} Redcloud, (see your chart) That is absolutely perfect sj
Hi SJ,

Question. How do I split money for taxes when I withdraw money from my account?
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,494
  • Jan 5, 2015 2:42pm Jan 5, 2015 2:42pm
Quoting redcloudxlll
{quote} Hi SJ, Question. How do I split money for taxes when I withdraw money from my account?
Redcloud,

When I go to my accountant he does the 1040 form for me
with a profit & loss statement. It's no big deal, accountants
do this all the time...

sj
  • #48,495
  • Jan 5, 2015 2:49pm Jan 5, 2015 2:49pm
Quoting snarlyjack
{quote} Redcloud, When I go to my accountant he does the 1040 form for me with a profit & loss statement. It's no big deal, accountants do this all the time... sj

Oh ok. How about the Withdrawl do you put a portion of it in a separate account? Say you take out $1000 $600 for you $400 towards taxes? I just want to get an Idea as to how to manage my income and avoid IRS issues. You know uncle sam is always out to get us over any little thing.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,496
  • Jan 5, 2015 2:57pm Jan 5, 2015 2:57pm
Quoting stevepatt
{quote} Hi sj; Thanks for the vote of confidence. All I can bring is my way of Trading because I don't Trade using TMS Indicators any more. But it doesn't matter whether you use Indicators or no Indicators at all, all you have to do is TRADE WITH THE PRIMARY TREND. Wait for the Pullbacks in that Primary Trend and then look for Setups that get you back in line with the Primary Trend. Don't even think about Counter Trend Trades until you are comfortable with Trading the Trend. After a Pullback, in the Primary Trend, look for the type of setups that...

thanks for that comment stevepatt am new to forex and new to this post too ,my trade too have not been good but i know i can improve and make pips like other senior here please can you follow the above statement up with a chart example so that new guys like us can learn.your response is highly appreciate.other seniors too can repond
  • #48,497
  • Jan 5, 2015 3:29pm Jan 5, 2015 3:29pm
Thank you Omonisha and Montego for your help with my Tdi box.

I am now sorted and good to go.
  • #48,498
  • Jan 5, 2015 3:53pm Jan 5, 2015 3:53pm
NZD / USD Daily - goal 0.75
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.png Size: 43 KB
  • #48,499
  • Jan 5, 2015 3:58pm Jan 5, 2015 3:58pm
Quoting omonisha
{quote} Excellent trading mine toomoving TP inch by inch {image}

Whooot-hoooo !!!
  • #48,500
  • Jan 5, 2015 4:08pm Jan 5, 2015 4:08pm
Quoting snarlyjack
{quote} Redcloud, When I go to my accountant he does the 1040 form for me with a profit & loss statement. It's no big deal, accountants do this all the time... sj

I'm glad to see this topic come up, I've been wondering about it too.

I think my accountant figures P/L on the year the money was "made"... not when it was withdrawn.

Thanks SJ.
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