Trading Made Simple

Quoting Dmc-12

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Hi SJ and all the other contributing traders. I know this is a cliché and has been said many times before but you guys are doing a smashing job and keep up the good work for us newbie’s! Much appreciated this is a top forum with some great people. SJ I use FXCM and was wondering if you could do me a massive favour and please post me your indicators/template if possible as I cant find any for the FXCM platform on this forum. Also I live in the UK and I know you are in the USA my question is what time or which candle (time GMT or EST) should I be...

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Quoting snarlyjack

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{quote} Likica, My favorite chart the eur/usd. If you look at the weekly, it's getting pretty close to s/r levels. Was that fun or what sj {image}

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Quoting shabba

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{quote} s/r levels - support/ressistance ? Or anything else ?

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Quoting redcloudxlll

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{quote} Hi SJ, When you trade on the Daily Charts, What do you look for? do you just follow the trend? Do you look for Correlation with the higher TF? Week Month? I'm just wondering. I find it that the higher the time frame the more profitable I am. I have traded the 15 minute charts, it's how I learn to trade but was never profitable as profitable. I learn Craig Harris, The Insider Code by Mac X, Bill Poulos Point & Figure, Dean Malones Synergy Compass FX (I didn't pay attention I sort of gave up) (I was 19 at the time.) I still have all of the...

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Quoting snarlyjack

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{quote} Cristy, Your learning & that is what it's all about This game is all about discipline... sj

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Quoting michael_k

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Hi DMC-12, {quote} I am not SJ , but I also use FXCM's Trading Station. I personally find it way more better than MT4. Here is my template which is based on standard Trading Stations indicators + 2 custom indicators, which are 1. TDI; and 2. MultiTF HA The rest of the indicators are standard moving averages which can be easily removed. Hope this helps you and all other fellow TS users {file}

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Quoting shabba

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Got a signal 1 hour and 30 minuts ago, i entered, put sl at last swing 1.45. and after 10 pips up it felt and will probably take sl as i post. What i did wrong ? Ty {image}

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Quoting cristy1980

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{quote} Thx SJ for the support, This past few weeks as a I stayed and watched, read and try to better learn and understand (I'm not Supermen to absorb all your 6 -7 years of experience with this system...) the TMS; the system is tend to the Analytic/Technic side of game rather than Fundamentals, and see that news come and go and do get absorb easily into the higher time frames, and sometime will shift a little here a little there but always keep the direction until a big turning point. I'm no economist, I even didn't get in touch in my live with...

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Quoting shabba

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is this considered a valid double bottom ? and if so,, can the arrow pattern be viable ? or something like it.... TDI will cross on H1 probably and what would be a good valid entry point ? when it breaks todays high ? {image}

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Quoting cristy1980

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{quote} As Emm said, don't try much to anticipate or open position based on assumption, wait for the pattern to take shape and than enter into transaction. On the previous chart u have reached the min ADR, and in most of cases the graph reject from this levels. I was earlier in that trade and got stopped out by the trailing stop at +28 pips. Pls be aware the EU, it's in very high downward trend, I'm looking to the lows from 2003 -2004 that means 1.13 -1.15, and who know's maybe beyond that level.

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Quoting shabba

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is this considered a valid double bottom ? and if so,, can the arrow pattern be viable ? or something like it.... TDI will cross on H1 probably and what would be a good valid entry point ? when it breaks todays high ? {image}

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Quoting cristy1980

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{quote} As Emm said, don't try much to anticipate or open position based on assumption, wait for the pattern to take shape and than enter into transaction. On the previous chart u have reached the min ADR, and in most of cases the graph reject from this levels. I was earlier in that trade and got stopped out by the trailing stop at +28 pips. Pls be aware the EU, it's in very high downward trend, I'm looking to the lows from 2003 -2004 that means 1.13 -1.15, and who know's maybe beyond that level.

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Quoting Walter4x

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{quote} Hi Shabba, One thing you can do is become a bit of a scientist. By that I mean create hypotheses and then test them (or watch their outcome). As I'm sure you have read in this thread trading is an individual art/science and the successful traders develop their own methodology that fits their personality. For instance if you played that 30 minute double bottom on the 5 minute chart, and took profits at 30 pips it was very valid. If you are not willing to trade on anything less than a 4H chart, then your decision point is coming up now. Personally...

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Quoting nods80

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Hi SJ If you have time. I would be interested on hearing your views on the usdJpy training graphs you posted earlier. Thank you.

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