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Trading Made Simple

  • #51,581
  • Jan 28, 2015 8:14pm Jan 28, 2015 8:14pm
Great system you guys have here! I am impressed with how much work you guys have put in here.

I have always been a fan of trading HA candles because of how simple the make the price action. Like Emmanuel7788 said price action is the one thing that will stand the test of time. I'm already trading using mainly HA candles but I am curious to see how implementing the ideas in this thread could help me.

sis.
  • #51,582
  • Jan 28, 2015 8:45pm Jan 28, 2015 8:45pm
why are people adding guppy and dots to the system? Big e always stressed to keep it simple yet people are adding mor and more indicators to their charts
  • #51,583
  • Jan 28, 2015 9:59pm Jan 28, 2015 9:59pm
Quoting omonisha
OK got the news..GBPNZD-H1 {image}
Nice!!!!! Great Catch.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #51,584
  • Jan 28, 2015 10:22pm Jan 28, 2015 10:22pm
Quoting emmanuel7788
{quote} if you are trading H1, stay clear of FOMC candle or stay out completely until the event is over.
Hi Big E,
There are multiple threads referring to your thread and it's really hard to find the latest indicators and strategy
Request you to keep updating first post of thread so that new trader like me find everything easily without any effort and confusion.
  • #51,585
  • Jan 28, 2015 10:27pm Jan 28, 2015 10:27pm
Quoting emmanuel7788
Trading the Inside Bar(s). Inside Bar IB are small candles which is seen as price contraction or consolidation. One example is to use IB and trade the breakout of the Mother Bar of that IB. Double IBs are very good setups to trade when we observe the price action of the trading TF and also the higher TFs. Below is an example how IBs are use in scalping after news events. Wait for that news event candle to close and trade when there is still price momentum and follow the flow. {image} Practice this, look at other pairs on M15 and look at the FOMC...
Great Post Emmanuel,

Its a keeper. EURAUD has been sliced up and down this week and I'm staying away from it.

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What do u think ?

EJ H1 trade (NY session)
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How was H4 looking at the time of entry ?
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Kindest Regards
  • #51,586
  • Jan 28, 2015 10:36pm Jan 28, 2015 10:36pm
Quoting adamcox
Alex Bowler - dumb comment. Makes no sense. The man with Euro 900 account - needs a day job and has no time to waste on this site, unless people here are trying to sell 'services' and systems The man who trades 10-50 lots a pop has plenty of time and doesn't need or have a day job. Alex Bowler - you are confused. Why am I here? I like to keep clueless retail traders on the right path by providing some 'contra' thinking to this endless cluelessness. Someone out there may actually save money or not loose their account. Does anyone in retail land actually...
Show some respect, is Alexo Brawler... Dumber the man who is comming here not showing answers to our research to gain money... Just posting offensive words, showing superiority, some arrogance. If you don't believe in this system or any other and don't show another SOLID solution, and (to make matters worse) says is trading millions, so you are lossing time too in this thread. I had read many manuals of Fundamental, Chartist and Technician Analisys and nothing gives me that answer I was looking for, like the very correct use of channels, trend lines, support and resistances... If you have a manual I ask you, I beg you to share with us, if not, man, you are doing nothing here.

If you think my answer is dumb again, please begin to stop losing your time answering me, as I will do too with yours if you don't come to help.

PD: this system works fine with us, it's free, you are very welcome to test it.
  • #51,587
  • Jan 28, 2015 10:44pm Jan 28, 2015 10:44pm
this is a trade i took 6 days back and held on to it...

reasons i took this trade:
1. Bearish engulfing bar the day before (and also indecision a few days before)
2. Its outside of the PAC
3. 1-2-3 pattern.. it was on the 5th retracement
4. MBL is pointing down
5. TDI was opening up..
6. Trading with the trend

Risk:
1. Near a support line

Trade plan:
1. Was ready to exit if i see any reversal PA pattern on the support line

made about 400 pips..
If you see anything i could have done better / anything else i should be aware off, please share with me.. thanks
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  • #51,588
  • Jan 28, 2015 10:52pm Jan 28, 2015 10:52pm
hi,
I am new to this thread and read the first few posts. Can some one highlight the latest updates, posts or indicators I should review. Thanks.
  • #51,589
  • Edited Jan 29, 2015 1:44am Jan 28, 2015 10:57pm | Edited Jan 29, 2015 1:44am
Quoting Ivanyo
why are people adding guppy and dots to the system? Big e always stressed to keep it simple yet people are adding mor and more indicators to their charts
TMS
  • #51,590
  • Jan 28, 2015 11:17pm Jan 28, 2015 11:17pm
GJ looking good for Short
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Positive anything is better than negative thinking.- Elbert Hubbard
  • #51,591
  • Jan 28, 2015 11:19pm Jan 28, 2015 11:19pm
Here's a trade I took at the beginning of the 9pm(EST) 4hr candle. Just woke up to trade the next 4hr candle and saw that my TP got trigerred!! Great feeling!

From the little back testing I have done so far (December 2014 on GU and EU) it tends to indicate that with only those 2 pairs about 10 pips per day on average can be made. And December is certainly not the best month...

The key seems to be taking the trade when "the money is lying on the table waiting to be taken"...

Now let's get back to reading and back testing :nerd:

All comments are welcome.
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  • #51,592
  • Jan 28, 2015 11:43pm Jan 28, 2015 11:43pm
Quoting Ivanyo
why are people adding guppy and dots to the system? Big e always stressed to keep it simple yet people are adding mor and more indicators to their charts
Attached Image (click to enlarge)
Click to Enlarge Name: TMS What the indicators shows us.png Size: 314 KB


Kindest Regards
  • #51,593
  • Jan 28, 2015 11:46pm Jan 28, 2015 11:46pm
Quoting redcloudxlll
GJ looking good for Short {image}
I am still learning technical analysis, so can not predict correctly
Looks like hourly chart shoul give 40 pips and 4h can give max 180 pips?
  • #51,594
  • Jan 28, 2015 11:50pm Jan 28, 2015 11:50pm
Quoting Bk8
{quote} I am still learning technical analysis, so can not predict correctly Looks like hourly chart shoul give 40 pips and 4h can give max 180 pips?
Wow already got 10 pips as soon as I complete my last post!!
Thanks Red!!
  • #51,595
  • Jan 29, 2015 12:14am Jan 29, 2015 12:14am
Quoting Bk8
{quote} Wow already got 10 pips as soon as I complete my last post!! Thanks Red!!
Welcome to TMS.

This thread is awesome, I left almost everything I had read about analisys thanks to this (not all of course, we need to have at least basics of that in mind)... just keep reading and anything you need we are here to help us. emmanuel7788, snarlyjack, cigarguy, likika and others are very great people and helpfull
  • #51,596
  • Jan 29, 2015 1:37am Jan 29, 2015 1:37am
Quoting MrAussieFX
{quote} {image} Kindest Regards
¿AutoTrading ON?
  • #51,597
  • Jan 29, 2015 2:29am Jan 29, 2015 2:29am
Good morning all,

EJ breakout trade last night 1 hour after FOMC statement targeting previous day low.
Ray
Attached Image (click to enlarge)
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  • #51,598
  • Jan 29, 2015 2:33am Jan 29, 2015 2:33am
nice move up on EA
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Appreciation is the key to wealth and happiness
  • #51,599
  • Jan 29, 2015 2:37am Jan 29, 2015 2:37am
Quoting fxray
Good morning all, EJ breakout trade last night 1 hour after FOMC statement targeting previous day low. Ray {image}
good one Ray
Appreciation is the key to wealth and happiness
  • #51,600
  • Jan 29, 2015 2:39am Jan 29, 2015 2:39am
Quoting likica
nice move up on EA {image}
Nice likica
Ray
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