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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #49,601
  • Jan 13, 2015 2:24pm Jan 13, 2015 2:24pm
Quoting faktmany
All my trades today 203 points {image}
Faktmany,

Nice meeting you & welcome to Tms!

Your doing awesome
It put's a skip in your step & a smile on your face
doesn't it...

Again welcome!
sj
  • #49,602
  • Jan 13, 2015 2:32pm Jan 13, 2015 2:32pm
Quoting MrAussieFX
{quote} Thanks SJ for ur kind words.... GA Sell Asian Session (Struggled a bit) {image} Kindest regards

Hi MrAussieFX,

Studying your chart I'm wondering how close you were to a stop on that trade. Also do typically add on the close of the entry bar if it closes in the direction you are looking for?
Thanks
  • #49,603
  • Jan 13, 2015 3:38pm Jan 13, 2015 3:38pm
SJ Can you please tell me which 8 pairs you trade? and which are you favourites? I ask because im trying to watch too much and I normally trade LO on 4H like yourself, thanks for all the advise you have given me in the past, regard Montego
  • #49,604
  • Jan 13, 2015 3:41pm Jan 13, 2015 3:41pm
Quoting Walter4x
{quote} Hi MrAussieFX, Studying your chart I'm wondering how close you were to a stop on that trade. Also do typically add on the close of the entry bar if it closes in the direction you are looking for? Thanks
Walter, Thanks for ur time and comment.

There are different ways I use my SL

1. Recent structure high/low (Conservative approach) - Longer TF - In this trade 87 pips
2. Previous candle High/Low - Daily, 4H , H1 - In this trade 46 pips
3. Opposite side of PAC - Daily, 4H, H1 - In this case 40 pips

The most candle moved against me was 30 pips and all the above mentioned SL would have been safe for this trade. It only depends on how u manage your risk:reward (In which I am putting more efforts now) for a trade.

As I mentioned before I have to leave for work so I closed my trade.

The second question, if I understand correctly is that if I enter on the close of the trade setup candle (usually 1st or 2nd) - Yes, I try my best to always enter on the close of the candle. When I add position to the current trade, I do not wait for the candle to close.

Kindest Regards
  • #49,605
  • Jan 13, 2015 4:24pm Jan 13, 2015 4:24pm
Hi Guys

I took this N/U short trade(bounce) on the 4 hr time frame...a 30 or so pips gain...the bounce angle was good with the price rejecting the guppy and 200ema...daily was also down..profit taken at previous swing low..i know its not a big gain but the chances for this trade to work was very high. this was the only trade I took during the London session...patience is the key...at times I also get trigger happy...well we all do that..its just human nature...hope I can stay patient and wait for the best setups....its just the start for me...I have had 7 positive and 4 negative trades so far this year, there should have only been 1 loss as the other 3 was due to me being trigger happy....

Regards
Dennis
Attached Image (click to enlarge)
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  • #49,606
  • Jan 13, 2015 5:11pm Jan 13, 2015 5:11pm
Thanks MrAussie I am grateful for the 3 stop options.
I will experiment with these and see if I can figure out when to use each option.
I'm leaning to the conservative side for now keeping myself in the game.
  • #49,607
  • Jan 13, 2015 5:25pm Jan 13, 2015 5:25pm
Hi dennis4u15,

I like the bounce trade as well.
It is really nice when you're bonding under a downsloping line.

Thanks,
Walter
  • #49,608
  • Jan 13, 2015 5:26pm Jan 13, 2015 5:26pm
autocorrect, s/b bouncing!!
  • #49,609
  • Jan 13, 2015 6:00pm Jan 13, 2015 6:00pm
Quoting montego
SJ Can you please tell me which 8 pairs you trade? and which are you favourites? I ask because im trying to watch too much and I normally trade LO on 4H like yourself, thanks for all the advise you have given me in the past, regard Montego
Montego,
Currently I'm trading the exact 8 pairs that Eelfranz traded.
(eur/usd, gbp/usd, aud/usd, usd/jpy, usd/chf, eur/gbp, eur/aud, eur/jpy).

When I first started Eelfranz suggested that I start with:
(eur/usd, gbp/usd, aud/usd) the three amigo's.

Later on I added: For a total of 5 pairs.
((usd/chf & usd/jpy)

Much later I added: For a total of 8 pairs.
(eur/gbp, eur/aud, eur/jpy)

Now (7-8 years later) the more the better, because I can cherry
pick the best pairs. But, I know exactly what to look for. I think
trading is #1 a good system, #2 a time process in learning how to trade and
#3 the psychology of trading. Currently, where I'm at is: all about the
traders psychology (fear, greed, different emotions & feelings). Their
is always ton's of new stuff to learn...This is a learning profession

sj
  • #49,610
  • Jan 13, 2015 7:27pm Jan 13, 2015 7:27pm
Quoting snarlyjack
{quote} Montego, Currently I'm trading the exact 8 pairs that Eelfranz traded. (eur/usd, gbp/usd, aud/usd, usd/jpy, usd/chf, eur/gbp, eur/aud, eur/jpy). When I first started Eelfranz suggested that I start with: (eur/usd, gbp/usd, aud/usd) the three amigo's. Later on I added: For a total of 5 pairs. ((usd/chf & usd/jpy) Much later I added: For a total of 8 pairs. (eur/gbp, eur/aud, eur/jpy) Now (7-8 years later) the more the better, because I can cherry pick the best pairs. But, I know exactly what to look for. I think trading is #1 a good system,...
SJ, thanks for the information I will try different combos of this to see which suits, I am sure this will help me, and I know what you mean about the Psychology part I feel the Fear and the greed and emotions and I am only on Demo lol, but its because even though its only demo, I want to prove to myself I can do it but it helps a lot when your not alone and among good friends
  • #49,611
  • Jan 13, 2015 8:03pm Jan 13, 2015 8:03pm
Quoting Sesamstrasse
{quote} In 2013 , december i had 39 of 41 trades in a row all reached the target .. ( all live , no demo ) It felt like I´m the dude.. but january 2014 showed me exactly the opposite ! my + 70 % account growth only in december 2013 went to - 34 % in January2014 I observated this also some years before 2013 and this way it safed my account because I halfed the positionsize in the beginning of the year! In my first trading years , an experiented trader told me : "Guido as later the day- week - month is gone , as better you can see the trend " In the...

I could understand too. I was initially 20% profitable on a small account but then when I traded on a mini-lot, it became -9.5% loss.
  • #49,612
  • Jan 13, 2015 8:06pm Jan 13, 2015 8:06pm
I am watching GA again on H4 chart, seem like its turning into bull (with a pin bar on the D chart) but the candle size is not strong enough...

Something to watch over this week.
  • #49,613
  • Jan 13, 2015 8:24pm Jan 13, 2015 8:24pm
Quick 30 pips short on A/U....price is still going down but im happy to get out with 30 pips during asia session.
Attached Image (click to enlarge)
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  • #49,614
  • Jan 13, 2015 8:25pm Jan 13, 2015 8:25pm
Big move on E/A
  • #49,615
  • Jan 13, 2015 8:28pm Jan 13, 2015 8:28pm
took 22 pips on GA and am short on NU now let see how it goes after a pin bar like on 5 ma smooth with overall trend down.will see if i can re enter on GA cos it got potential to move up
  • #49,616
  • Jan 13, 2015 8:32pm Jan 13, 2015 8:32pm
+50green from EA, 80 green from GA from those fast and furious longs with very good angle on M30
Attached Image (click to enlarge)
Click to Enlarge Name: 14.1.15 Wed EA GA long @1pm aedt +50 +80 (ATR reached).png Size: 106 KB
Appreciation is the key to wealth and happiness
  • #49,617
  • Jan 13, 2015 8:34pm Jan 13, 2015 8:34pm
AJ- H4 Price pulled back from the previous structure
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-14_8-24-49AUDJPY.png Size: 38 KB
Sad i'm not trying to understand PA
  • #49,618
  • Jan 13, 2015 8:37pm Jan 13, 2015 8:37pm
Quoting likica
+50green from EA, 80 green from GA from those fast and furious longs with very good angle on M30 {image}
Excellent i was in too
Sad i'm not trying to understand PA
  • #49,619
  • Jan 13, 2015 8:40pm Jan 13, 2015 8:40pm
Quoting omonisha
AJ- H4 Price pulled back from the previous structure {image}
it s always nice n simple looking at your chart OS. Thanks for sharing
isn't good to collect pips to start the day (my day in Aust)?
Someone big disappointed causing AU diving making us green pips
Appreciation is the key to wealth and happiness
  • #49,620
  • Jan 13, 2015 8:44pm Jan 13, 2015 8:44pm
Quoting likica
+50green from EA, 80 green from GA from those fast and furious longs with very good angle on M30 {image}

Woohoo~! Well done!

I see an angle on H4...... but I am afraid it will turn against me after this fast & furious run.
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