Trading Made Simple | Page 2509 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #50,161
  • Jan 16, 2015 10:05am Jan 16, 2015 10:05am
Quoting montego
Quick 21 pips, Couldn't Trade this morning as had to be somewhere, got back just at 3pm GMT and thought, ill try a few quick 1M scalps using TDI and PA, took 21 pips out of the last one but let my emotions get the better of me would have been about 35-40 pips, but im happy with 35 pips for the day {image}
Cluttered chart. , but you must handle it .. i just can say I was very profitable with another strategy in M1 ..
And more lines = more infortmation = more confusing in this timeframe , because you have to find every few seconds a new decision ..

But my question :
Are you working profitable with the M1 ?
By the way : your last trade ( the short ) has a drawdown of - 15 pips , before it went to your exit ??
Do you work with such large stops in M1 ?? how large are your targets there .?
Risiko birgt immer auch die Chance.
  • #50,162
  • Jan 16, 2015 10:07am Jan 16, 2015 10:07am
lovely friday with +189 pips..
Attached Image (click to enlarge)
Click to Enlarge Name: test.png Size: 39 KB
only 100 pips / week
  • #50,163
  • Jan 16, 2015 10:28am Jan 16, 2015 10:28am
Quoting Sesamstrasse
{quote} Cluttered chart. , but you must handle it .. i just can say I was very profitable with another strategy in M1 .. And more lines = more infortmation = more confusing in this timeframe , because you have to find every few seconds a new decision .. But my question : Are you working profitable with the M1 ? By the way : your last trade ( the short ) has a drawdown of - 15 pips , before it went to your exit ?? Do you work with such large stops in M1 ?? how large are your targets there .?
Hi Sesamstrasse , i can turn the profit meter on and off without that its not so crowded, I mainly trade 4H but mess around with this from time to time, it did drawback 15 pips but price had been rejected several times so i thought there was a good chance it would come back, i only do this if i loose a couple of pips and cant see a setup on four hour or 1 hour, i then scalp 3 - 4 -6 -10 pips, on the 1M looking back at the 5m chart and most of the time i get my 10-12 back that i have lost, i must say i seem to do ok with it 90% of the time im just not greedy, and occasionally it works better than expected giving 20 30 pips like this one did, im only just learning Tms but i like this 1M, i find it helps to practise PA and levels of s/r regards Montego
forgot to say i don't use a stop i normally cut it off manually at about 6-7 pips but i left this one to run as it had been rejected by super dem several times, i thought there was a good chance it would come back.
  • #50,164
  • Jan 16, 2015 10:37am Jan 16, 2015 10:37am
Quoting nefilim
lovely friday with +189 pips.. {image}
Legend ! well done nefilim, that's a lot of pips
  • #50,165
  • Jan 16, 2015 10:39am Jan 16, 2015 10:39am
I ve got to say EA respected Guppy very much...
Attached Image (click to enlarge)
Click to Enlarge Name: 16.1.15 Fri GA EA M30 M15 div short +60 +63.png Size: 100 KB
Appreciation is the key to wealth and happiness
  • #50,166
  • Jan 16, 2015 10:42am Jan 16, 2015 10:42am
Quoting nefilim
lovely friday with +189 pips.. {image}
Isn't it good to finish off the week with that nice bag Nef?
Appreciation is the key to wealth and happiness
  • #50,167
  • Jan 16, 2015 10:44am Jan 16, 2015 10:44am
Quoting snarlyjack
{quote} Emmanuel, After watching cnbc (business tv news) all day. The next big news is 1-21-2015 where the Central Euro Bank is making a special announcement on more quantitative easing. Institutions might be resetting their positions due to the fundamental news. Their could be a great opportunity here, but we need to be careful! They are looking for euro weakness & strength in the US Dollar. We don't trade off of news...but it's always good to be aware of what the institutions are thinking...so take another "red pill" and let's see where the rabbit...
SJ Very interesting, keep us posted mate
  • #50,168
  • Jan 16, 2015 10:50am Jan 16, 2015 10:50am
Quoting montego
{quote} Legend ! well done nefilim, that's a lot of pips
thank you..

Quoting likica
{quote} Isn't it good to finish off the week with that nice bag Nef?
yes...it's feel good...
i think i can sleep well tonight..
only 100 pips / week
  • #50,169
  • Jan 16, 2015 11:23am Jan 16, 2015 11:23am
Quoting longman72
Hi Montego, I trade the 1 hr and 30 min, but look back at the 4 hr for confirmation. I dont trade long term and try never to hold over night. I started trading 4 hr and daily and failed for 5 years but i was not using TMS. With forex its different strokes for different folks and you need to find which trading style suits you. The one thing I have found is that I cannot trade the 15 minute, I fail here as well. Try them all to find your slot. I cannot at this stage confirm that my trading style will continue to keep me green but past 4 months have...
LONGMAN Hi mate and thanks for the warm welcome and the info, its funny you should say that i cannot trade the 15m at all it allways goes against me.
for some bizarre reason i only seem to do well on the 4H and scalping on the 1M using Tms, which you could not get much different timeframes if you tried lol, im glad you have been green for the last 4 months, i think that is brilliant and it inspires me to keep trying, i wish you luck in the future, thanks for offering to help, i will take you up on that when needed have a good weekend mate, cheers montego
  • #50,170
  • Edited 11:40am Jan 16, 2015 11:29am | Edited 11:40am
Quoting likica
I ve got to say EA respected Guppy very much... {image}
Hi likica, can you help me with guppys ? could you explain your comments about the guppys on your trade please? its just i have watched a video of how to use guppys and i get that when there far apart its a good trend and also that when they close together its thinking about turning over, i also understand that the guppys can reject the price (i think) but what i don't understand is when the price or the candles goes through the guppys like on your left chart, what does this mean ? where you referring to the chart on the right when you said they had respected the guppys ? many thanks montego
  • #50,171
  • Edited 12:40pm Jan 16, 2015 12:04pm | Edited 12:40pm
What a week.

I just received this from alpari. Fortunately I only have a demo account with them.

The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules.

​And Reuters released this 20 mins ago

http://www.reuters.com/article/2015/...0KP1EH20150116

And Onanda (my live account provider) sent me this:

Early on January 15, 2015, the Swiss National Bank (SNB) sent global financial markets into turmoil with a surprise move to eliminate its three-year-old cap on the franc (CHF).

In the wake of this unprecedented market event, OANDA demonstrated its ongoing commitment to doing right by its clients. Despite suffering losses and vanishing liquidity in the institutional hedging market, OANDA remained true to its 14-year legacy of transparency, integrity and fairness to our clients. OANDA did not re-quote or amend any CHF cross client trades. We even took the further step of forgiving all negative client balances that were caused when clients could not close out their positions fast enough (where permitted by regulations).

As a very well capitalized broker, we are proud to report that it is business as usual at OANDA: client trading, deposits and withdrawals are processing normally.

OANDA is proud of its strong reputation for fairness and integrity. We thank our customers for their continued loyalty and welcome new traders who want to experience outstanding service and execution.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #50,172
  • Jan 16, 2015 12:19pm Jan 16, 2015 12:19pm
Quoting nefilim
lovely friday with +189 pips.. {image}

  • #50,173
  • Jan 16, 2015 12:54pm Jan 16, 2015 12:54pm
Quoting nods80
And Onanda (my live account provider) sent me this: Early on January 15, 2015, the Swiss National Bank (SNB) sent global financial markets into turmoil with a surprise move to eliminate its three-year-old cap on the franc (CHF). In the wake of this unprecedented market event, OANDA demonstrated its ongoing commitment to doing right by its clients. Despite suffering losses and vanishing liquidity in the institutional hedging market, OANDA remained true to its 14-year legacy of transparency, integrity and fairness to our clients. OANDA did not re-quote...


I got this same one from Oanda. Been a scary week !!! Thanks for that Reuters link.
  • #50,174
  • Jan 16, 2015 1:32pm Jan 16, 2015 1:32pm
2015 Week 3 - Trade Summary:

5 trades in total:
- 1 win
- 3 BE
- 1 Loss

A slightly disappointing week, however after this week's events perhaps I should be grateful. A total of 25 pips net for +2% on to my account.

Monday: Standard LO entry on second blue candle following TDI cross of green over red... easy pips. (+50, +4%)

Tuesday: LO entry on second red candle. Classic LO fake-out candle. Exited at break even. Price didn't seem to move too much at all on Tuesday.

Wednesday: Asian session made a strong move up to touch the 200 EMA. Price was rejected from the MA with Frankfurt forming the first red setup candle. Perfect entry opportunity at LO... only for my platform to crash as soon as I tried to enter... As a result I missed optimum entry and got in late, eventually getting stopped out at break even on a pull-back... pretty frustrating! This issue demonstrates the limitations of back-testing. Whilst I think its great to form and practice an edge by back-testing, it is no replacement for live demo trading.

Thursday: Entered at LO on a break below the Frankfurt candle but, again got stopped out on a LO pullback. To be honest, considering what followed I am very happy to be out at BE. I feel for anyone that got caught on the wrong side of it. For a relative beginner like me, Thursday's events were a real eye opener...

Friday: Did not like what I saw at LO. Long upper wicks before London meant my bias was short. Eventually LO candle turned and closed red. Entered on the following candle in accordance with TMS rules but price moved sideways for several hours and I was stopped out for a loss. I think the ranging session was most probably caused by yesterdays events combined with the fact it was Friday. (-25, -2%)

Have a good weekend all!

Ballistical
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
Focus on the process and the profits will follow
  • #50,175
  • Jan 16, 2015 1:52pm Jan 16, 2015 1:52pm
good morning everyone, not having the best day. My nzd/usd short hit my TP. thats the good news, the bad news is FXCM's financial situation, I have a fairly sizeable acct with them and am quite frantic that I am going to lose my money. I know this isn't the appropriate thread for this but I'm kind of freaking out. What brokers do you U.S. traders use? my Oanda acct seems fine, of course thats the one with the small balance. Anybody else here using FXCM from the states and what info do you have, if any?
  • #50,176
  • Jan 16, 2015 2:31pm Jan 16, 2015 2:31pm
Quoting montego
Quick 21 pips, Couldn't Trade this morning as had to be somewhere, got back just at 3pm GMT and thought, ill try a few quick 1M scalps using TDI and PA, took 21 pips out of the last one but let my emotions get the better of me would have been about 35-40 pips, but im happy with 35 pips for the day {image}
nice chart ..would you like to share your calender indicator please.thanks in advance.
Say something meaningful or Silence!!
  • #50,177
  • Jan 16, 2015 2:40pm Jan 16, 2015 2:40pm
Quoting wyley187
good morning everyone, not having the best day. My nzd/usd short hit my TP. thats the good news, the bad news is FXCM's financial situation, I have a fairly sizeable acct with them and am quite frantic that I am going to lose my money. I know this isn't the appropriate thread for this but I'm kind of freaking out. What brokers do you U.S. traders use? my Oanda acct seems fine, of course thats the one with the small balance. Anybody else here using FXCM from the states and what info do you have, if any?

Oiy, that sucks whyley!!! Very worrisome for sure.

I don't know what a "sizeable" account is for you. My account is <$5k but, growing consistently. Hopefully, you'll will able to get your money out of your account. However, for future reference, I think it's a good idea to never have more than $10k - $20k with any single broker. Set a specific amount of risk capital that's right for you, and take your profits (aka ~ pay yourself) at the end of every month, then start the next month with the original set amount of risk capital and then take your profits again at the end of that month. Rinse and repeat.

This is what I intend to do when my balance reaches $10k - $20k. If a broker wants to do something stupid, at least I will lose only my original risk capital and NOT all the profits that I may have made up to that point.
  • #50,178
  • Jan 16, 2015 2:48pm Jan 16, 2015 2:48pm
Quoting sknight1
{quote} Oiy, that sucks whyley!!! Very worrisome for sure. I don't know what a "sizeable" account is for you. My account is <$5k but, growing consistently. Hopefully, you'll will able to get your money out of your account. However, for future reference, I think it's a good idea to never have more than $10k - $20k with any single broker. Set a specific amount of risk capital that's right for you, and take your profits (aka ~ pay yourself) at the end of every month, then start the next month with the original set amount of risk capital and then take...
Thanks skynight, I think I will be able to get my money out, sounds like FXCM got bailed out. I will move my money to Citigroup, They are a bank and not just a broker house...good advice on the withdrawing of funds periodically though. Now, since I've never used an MT4 platform in my life I have to get acquainted with all those ins and outs. I don't even know where to begin to setup my charts or how the platform operates. At this point though I am just so relieved that I will get my money back....This was all a valuable lesson
  • #50,179
  • Jan 16, 2015 2:49pm Jan 16, 2015 2:49pm
Quoting Sesamstrasse
{quote} Cluttered chart. , but you must handle it .. i just can say I was very profitable with another strategy in M1 .. And more lines = more infortmation = more confusing in this timeframe , because you have to find every few seconds a new decision .. But my question : Are you working profitable with the M1 ? By the way : your last trade ( the short ) has a drawdown of - 15 pips , before it went to your exit ?? Do you work with such large stops in M1 ?? how large are your targets there .?
Hi, if you like 1 min charts you might try a great new thread called 'Scalping the Mini Dow off the M1 charts'. Great analysis, videos etc. The guy is a very good pianist too. I think his name is Jason Chase, sounds a nice guy and on YouTube too.
  • #50,180
  • Jan 16, 2015 2:59pm Jan 16, 2015 2:59pm
Quoting likica
{quote} It s from Griffinssoul, here is the link http://www.forexfactory.com/showthread.php?t=518993
thanks likica and to Griffinssoul - appreciate it
39 traders viewing now