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Trading Made Simple

  • #49,721
  • Jan 14, 2015 6:52am Jan 14, 2015 6:52am
Quoting snarlyjack
{quote} Fxray, The big money is when you can "pyramid" up to a higher time frame & let it run, it's fun! The usd/jpy is a good pair, you'll like it. Your doing great sj
Pyramid up means you start a trade on H1 or H4 and then you find "clues" on D1, W, etc so you can keept the trade further? or i am mistaking.

And who can help em with next thing:

Let's say i enter a trade, a good one, and i want to open more trades later on the same "movement" ....when is a good time/distance from entry point to re-enter ?
Or should i just leave the initial trade alone and cap when i see turnover signs ? THank you


Lesson learned today !

Regarding EA and GA ( they bounced from 200 EMA H1 and H4) - was the perfect setup and i screwed it

NEVER ever get scared of a little pullback and move the sl closer - better SET AND FORGET, come back in 1-4 hours and you can get the profit your mind set at the entry time, trust your mind. ( i would of made 100+ more on EA and same on GA )

Any has any idea on what should i expect from GJ ? Ive seen it almost touched 200 EMA on Daily and in returned. I would love for it to go to 180.00-185.00 ideally. any chances for this scenario for the next 1-3 weeks ? or it will push further down ?

Thank you. have a nice day/evening/night/morning !
If you want to make God laugh, tell him about your plans. Woody Allen
  • #49,722
  • Jan 14, 2015 6:54am Jan 14, 2015 6:54am
This is what I see...

I see a lot of people who are really hitting big
pip counts! Like between 100-200 pips a night
(consistently I think that is amazing...

I think everyone is doing great & the new people
are getting up to speed very quickly.

I think we deserve a celebration... ( a night out)!
Beers are on me at the local pub

sj
  • #49,723
  • Jan 14, 2015 6:55am Jan 14, 2015 6:55am
Hi all,

Today was the 3rd day in a raw with very very good results for me; I'm not going to post graphs but a thing that I want to say, due to the fact that I lost some very big trend moves that happen on big time frames, especially yesterday after 6 PM my time (close to NY lunch brake in trading time...), I end up doing trading in the morning at LO for 3 days in a raw on M15 and M30 (thx likica ) with finding correct trend moves on H1 and H4, combining TMS basic strategy what I learn, what I see at u guys, the Synergy plus the DOTS level from Dean M to signal some aprox. level to entry and to exit. I did this on 2 - 3 pairs and got constantly 100 pips/ trading session which is between 3 work hours (9 - 12 am, I'm doing this at work ...). If it's a good system like this I could give it a try on live account, all I have it's to stick to the hours and the plan. I would like to try also on NY time but this means to do it at home late in the evening, and it's not quite easy.

Yesterday on GJ, I did a test of working with multy lot entry and different exits (diff TP levels); it was fun. I found a indi to auto close a multi lot trade on diff TP levels, I'm still testing, I guess it's nice on a long term trade like the ones Emmanuel it's showing.

Now, with all of this I still had some ugly and bad trades (wrong entries mostly, not giving full conviction to the system let's say, actually I'm still in the phase where I auto-sabotage myself with counter productive thoughts). I have to correct it. Also after reaching my target per day.... TO STOP TRADING! and not to open any sell on USD CAD with tp more than 25 - 30pips....

This all for the moment. I'm still learning.
  • #49,724
  • Jan 14, 2015 6:55am Jan 14, 2015 6:55am
Quoting snarlyjack
Good morning everyone, (it's 5:30 a.m. my time) I just liquidated out of eur/gbp, eur/aud, eur/jpy for 160 pips. I'm holding (all short) eur/usd (26 pip profit), gbp/usd (19 pip loss), aud/usd (26 pip loss). The reason I'm holding my shorts is because I think they are going lower... sj
Hi SJ,

May I ask, on what timeframe you entered EUR/USD, and when you entered the trade?

Thanks in advance!
  • #49,725
  • Jan 14, 2015 6:59am Jan 14, 2015 6:59am
Quoting omonisha
{quote} Lol hahhaha no fixed target mate 50pip a trade is good enough. But some trade after taking partial profit moves good.
I'm only asking because I see you posting a trade that you let run like every day or every other day, so I'm thinking to myself "damn this guy can never get enough of fishing for pips"
  • #49,726
  • Jan 14, 2015 7:01am Jan 14, 2015 7:01am
Quoting shabba
{quote} Pyramid up means you start a trade on H1 or H4 and then you find "clues" on D1, W, etc so you can keept the trade further? or i am mistaking. And who can help em with next thing: Let's say i enter a trade, a good one, and i want to open more trades later on the same "movement" ....when is a good time/distance from entry point to re-enter ? Or should i just leave the initial trade alone and cap when i see turnover signs ? THank you Lesson learned today ! Regarding EA and GA ( they bounced from 200 EMA H1 and H4) - was the perfect setup and...
Shabba,

To me "pyramid" means that you roll your position from
1 time frame to the next higher time frame.

For example you trade the 5 minute chart & it's really moving.
Look at the next higher time frame (15 minute chart) & see where
the levels are. Then concentrate on the 15 minute chart &
don't watch the 5 minute chart any longer.

I do this all the time. Start on the 1 hour chart. Roll into the
4 hour chart & if everything looks good, roll into the daily.
1 contract but your "rolling" into 3 different time frames.
It all depends where s/r levels are on the next higher time frame.
This by the way, is a very profitable way to trade...

sj
  • #49,727
  • Jan 14, 2015 7:02am Jan 14, 2015 7:02am
awaiting us data. EU should fall here .
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 126 KB
  • #49,728
  • Jan 14, 2015 7:05am Jan 14, 2015 7:05am
Quoting db2029
Hi everybody! My name is Bogdan and I am new to Forex, and I've enjoyed reading this thread for 1 week now. I started trading it but with not much success yet. I guess I'm a little trigger happy, still. I entered today this trade on eurusd H4, hope it will be profitable... Cross and divergence on the TDI just above the 32 lvl, Stochs confirms, engulfing candle on the H1. Am I missing anything? Thank you {image}
Hi Bogdan, you trade H4 and did not mention anything about Daily chart?(D1) that s biggest part you are missing, I think EU D1 TDI is under 32 level so the bulls are not there yet except profit taking from who were shorting earlier...
Appreciation is the key to wealth and happiness
  • #49,729
  • Jan 14, 2015 7:07am Jan 14, 2015 7:07am
Quoting snarlyjack
{quote} Shabba, To me "pyramid" means that you roll your position from 1 time frame to the next higher time frame. For example you trade the 5 minute chart & it's really moving. Look at the next higher time frame (15 minute chart) & see where the levels are. Then concentrate on the 15 minute chart & don't watch the 5 minute chart any longer. I do this all the time. Start on the 1 hour chart. Roll into the 4 hour chart & if everything looks good, roll into the daily. 1 contract but your "rolling" into 3 different time frames. It all depends where...
Ty.

Regarding GJ ? Considering the 200 EMA is close on daily? can it go up in for the next weeks ?

Thank you
If you want to make God laugh, tell him about your plans. Woody Allen
  • #49,730
  • Edited 9:03am Jan 14, 2015 7:07am | Edited 9:03am
Quoting TheScorpS
Not the best entry nor the best looking chart, but with 3 positions on, made +90 pips even on a late entry, progressing slowly into MM {image}
EA - What a ride this morning!

Not as many as you TS.
But it was nice to get some green after yesterday's edit: Monday's loss on EA. (First trade entered too late. Second trade, thought EA had set day's high and was changing direction after pullback candle. No TDI confirmation - my bad).


Trade 1
Got in late after LO this morning for the first time as i was distracted by my wife. +35
Exited at the BRN 1.45 which also yesterday's D-Fib-r 50% and close to 50ema.

Trade 2
Re-entered on break of previous candle as TDI still had a good angle and EUR momentum was down across the board.
Exited at BN 1.445 for another +28.

Trade 3
Irrational trade based on greed. Exited as price retraced at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-14_14-54-21 - EURAUD,H1.png Size: 53 KB
  • #49,731
  • Jan 14, 2015 7:07am Jan 14, 2015 7:07am
Quoting cristy1980
Hi all, Today was the 3rd day in a raw with very very good results for me; I'm not going to post graphs but a thing that I want to say, due to the fact that I lost some very big trend moves that happen on big time frames, especially yesterday after 6 PM my time (close to NY lunch brake in trading time...), I end up doing trading in the morning at LO for 3 days in a raw on M15 and M30 (thx likica ) with finding correct trend moves on H1 and H4, combining TMS basic strategy what I learn, what I see at...
Cristy,

Congrat's!
The N/Y session is good for the first 2-3 hours. After
that is lunch time in N/Y & the market starts to range.
The best trading hours imho is, late Asia session, London session &
first 2-3 hours of N/Y. After that you might as well shut down your
computer. I think your doing great...learn as much as possible!
sj
  • #49,732
  • Jan 14, 2015 7:18am Jan 14, 2015 7:18am
Quoting Marin0s
{quote} Hi SJ, May I ask, on what timeframe you entered EUR/USD, and when you entered the trade? Thanks in advance!
Marinos,

I entered the eur/usd trade on the daily chart
at about 6:00 p.m. my time (early Asia session).
I've been in the trade for about 12 hours now.
I'll just set it in their & leave it until it hits my
targets. I'm bearish on the eur/usd & gbp/usd &
aud/usd. Right now (this minute) I'm down in pips...
But I'm holding my positions...

sj
  • #49,733
  • Jan 14, 2015 7:21am Jan 14, 2015 7:21am
Quoting tankokjian
awaiting us data. EU should fall here . {image}
Tankokjian.

Nice meeting you & welcome to Tms.
I think your correct...I'm holding my positions.
I'll let my stop loss take me out, but I'm not
worried about it.

Once again welcome!
sj
  • #49,734
  • Jan 14, 2015 7:24am Jan 14, 2015 7:24am
Quoting Axiom
{quote} EA - What a ride this morning! Not as many as you TS. But it was nice to get some green after yesterday's loss on EA. (First trade entered too late. Second trade, thought EA had set day's high and was changing direction after pullback candle. No TDI confirmation - my bad). Trade 1 Got in late after LO this morning for the first time as i was distracted by my wife. +35 Exited at the BRN 1.45 which also yesterday's D-Fib-r 50% and close to 50ema. Trade 2 Re-entered on break of previous candle as TDI still had a good angle and EUR momentum...
Axiom,
Nice meeting you & welcome to Tms.
It's always nice to see lot's of green pip's...
Forex is a huge ride... it's fun
Welcome to Tms!
sj
  • #49,735
  • Jan 14, 2015 7:30am Jan 14, 2015 7:30am
Quoting snarlyjack
{quote} Marinos, I entered the eur/usd trade on the daily chart at about 6:00 p.m. my time (early Asia session). I've been in the trade for about 12 hours now. I'll just set it in their & leave it until it hits my targets. I'm bearish on the eur/usd & gbp/usd & aud/usd. Right now (this minute) I'm down in pips... But I'm holding my positions... sj
Thanks! Would you mind to explain the entry a bit, I cannot see a TDI cross or bounce happening on my daily chart.

I entered EUR/USD this morning on the 1h timeframe. It was running quick to profit, moved SL to BE, but finally closed manually +13 pips as the TDI made a hook.
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1014293_EURUSD_2015-01-14_14-29-29.png Size: 35 KB
  • #49,736
  • Jan 14, 2015 7:37am Jan 14, 2015 7:37am
Hello likica i love your trading style and will like you to please share.when you get a signal in 4hr do you move to 30mins .if the the apb bars are below the guppy this in a down trend you move to 30mins chart do you still take the trade even when the 30min apb is above guppy or do you wait to enter when the apb bars are below guppy in 30min
  • #49,737
  • Jan 14, 2015 7:47am Jan 14, 2015 7:47am
Quoting Marin0s
{quote} Thanks! Would you mind to explain the entry a bit, I cannot see a TDI cross or bounce happening on my daily chart. I entered EUR/USD this morning on the 1h timeframe. It was running quick to profit, moved SL to BE, but finally closed manually +13 pips as the TDI made a hook. {image}
Marinos,

Imho, the tdi is 1 sentiment indicator ( a good one tho).
Price was below the pac & I think heading down
to the 3rd bar of the "weekly pivot indicator" on the daily.
The guppy's are heading down & the market base line is pointing
down. Being that I'm bearish I took the trade as a long term
position trade. But I'm also at a loss right now...but I'm
holding.

sj
  • #49,738
  • Jan 14, 2015 7:52am Jan 14, 2015 7:52am
Quoting snarlyjack
{quote} Tankokjian. Nice meeting you & welcome to Tms. I think your correct...I'm holding my positions. I'll let my stop loss take me out, but I'm not worried about it. Once again welcome! sj

Hi sj;

What you are saying here reflects someone who is confident that what they are Trading works.

Everyone should be striving to get to this level of Trading and it only comes when you know what to expect from the Method you are Trading.

You don't worry about a run of losers because you know Long Term the method you Trade has a winning Edge.

It's only when you get to this Level of Trading that you can move on with your Trading education to concentrate more on getting the most from the Trades you take.
  • #49,739
  • Jan 14, 2015 7:56am Jan 14, 2015 7:56am
Seeing as I can't sleep at night for some reason, I'm forced to look for pips in the NY session. Trade taken on the m15... I can only hope it hits target before it decides to pullback
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-01-14 15.51.09.png Size: 81 KB
  • #49,740
  • Jan 14, 2015 8:01am Jan 14, 2015 8:01am
Quoting snarlyjack
{quote} Marinos, Imho, the tdi is 1 sentiment indicator ( a good one tho). Price was below the pac & I think heading down to the 3rd bar of the "weekly pivot indicator" on the daily. The guppy's are heading down & the market base line is pointing down. Being that I'm bearish I took the trade as a long term position trade. But I'm also at a loss right now...but I'm holding. sj
Many thanks! I think it will take some time for me before I can trade like this. At the moment I am holding on to following the ground rules, just to get a good feeling. I am already looking different at the movement of pairs than I did before!

Started on Monday 05-01, account is now up 11% already, just by following TMS rules. I also enjoy just waiting for a set up, before I was constantly checking the charts. Never new I had the patient to wait, but it is working out great so far!
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