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Trading Made Simple

  • #53,181
  • Feb 12, 2015 8:50am Feb 12, 2015 8:50am
I'm done for the day. 2 smiley face 2 sad faces

AUDUSD BE + 1
AUDJPY -15
USDCAD +100
GBPUSD +110
1 Standard lot divided between the 4 trades
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Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,182
  • Feb 12, 2015 8:56am Feb 12, 2015 8:56am
Quoting mordin
{quote} I also stop using it because of that, albeit I find it useful. Nevertheless, you can set the days to only one, and the chart looks cleaner, but still, the current price action is cluttered.
I use it but have a template set up to flick between when i'm choosing SL and TP.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,183
  • Feb 12, 2015 8:58am Feb 12, 2015 8:58am
Quoting griffinssoul
{quote} Thanks for your support TSS - hope to see many more of your analysis - it is the best ABCD analysis
Ditto and aussiefx
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,184
  • Feb 12, 2015 9:10am Feb 12, 2015 9:10am
GU M5 counter trend pullback scalp +7.2 (5 lots) with new red H1 candle to target 1.53500 key level..(just going for multiple small pip scalps easy to accomplish very quickly. Basically scalping the H1 candle on lower M5 or M15 t/f)
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Keep It Simple
  • #53,185
  • Feb 12, 2015 9:11am Feb 12, 2015 9:11am
Just wanted to show that it is possible for an average trader like me (we don't have to wait to be super like LW to bag +50 green from M5 (my entry was not so good as price moved back before it reached my PT, where I should have waited for TDI crossed again with price created lower high)
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Appreciation is the key to wealth and happiness
  • #53,186
  • Feb 12, 2015 9:17am Feb 12, 2015 9:17am
Similar with EU, again I should ve waited... but as I saw TDI angle was too good. Note that I only use M5 around NY/US cash market as price moved too fast
Attached Image (click to enlarge)
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Appreciation is the key to wealth and happiness
  • #53,187
  • Feb 12, 2015 9:21am Feb 12, 2015 9:21am
USDCAD +620

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  • #53,188
  • Feb 12, 2015 9:21am Feb 12, 2015 9:21am
Quoting likica
Just wanted to show that it is possible for an average trader like me (we don't have to wait to be super like LW to bag +50 green from M5 (my entry was not so good as price moved back before it reached my PT, where I should have waited for TDI crossed again with price created lower high) {image}
I think I would have closed or been stopped out

If your average can I have my golden wheelbarrow back?
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,189
  • Feb 12, 2015 9:27am Feb 12, 2015 9:27am
Quoting nods80
I'm done for the day. 2 smiley face 2 sad faces AUDUSD BE + 1 AUDJPY -15 USDCAD +100 GBPUSD +110 1 Standard lot divided between the 4 trades {image} {image}
Congrats Nods

Quoting nods80
{quote} I think I would have closed or been stopped out If your average can I have my golden wheelbarrow back?
Yeah, if I entered 2nd signal when TDI crossed and price had lower high, it would be a lot nicer to show . I have learnt to be more patient again
I thought you gave me that golden wheelbarrow as a real friend who has nothing to do with super trader like LW
Appreciation is the key to wealth and happiness
  • #53,190
  • Feb 12, 2015 9:34am Feb 12, 2015 9:34am
Quoting likica
Just wanted to show that it is possible for an average trader like me (we don't have to wait to be super like LW to bag +50 green from M5 (my entry was not so good as price moved back before it reached my PT, where I should have waited for TDI crossed again with price created lower high) {image}
Asbolutely right!! If you hadn't said it was m5 nobody would have known which timeframe you were in. They are exactly the same, just less pips per candle and per swing. If you treat them that way then anyone can do it. If you're new to trading its by far the best timeframe to learn on (on demo) which is what I did, everything happens faster, so patterns appear faster and more often. When the ATR is as high as it is on some of the pairs its a great way to trade. A month in m5 is like having your 10,000 hours practise in H4 and D1.
  • #53,191
  • Feb 12, 2015 9:39am Feb 12, 2015 9:39am
Quoting nods80
{quote} Thanks LW. Does the gradient matter? I was under the impression that there was greater probability of success when the mbl was sloping in the direction of the trade but noticed you got good results when it wasn't.
I never look at the gradient, its just a lot slower moving average, so I wouldn't dream of waiting for that one to turn in a direction before taking a trade. Its very useful for watching where the tdi support/resistance might be but other than that no.
  • #53,192
  • Feb 12, 2015 9:41am Feb 12, 2015 9:41am
Quoting likica
{quote} Congrats Nods {quote} Yeah, if I entered 2nd signal when TDI crossed and price had lower high, it would be a lot nicer to show . I have learnt to be more patient again I thought you gave me that golden wheelbarrow as a real friend who has nothing to do with super trader like LW
Thanks.

Your right, i'm just being selfish. I'll make do with my fun size tin wheelbarrow. I'll put an order in for one like yours soon, me hopes.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,193
  • Feb 12, 2015 9:45am Feb 12, 2015 9:45am
Quoting lastingwell
{quote}I never look at the gradient, its just a lot slower moving average, so I wouldn't dream of waiting for that one to turn in a direction before taking a trade. Its very useful for watching where the tdi support/resistance might be but other than that no.
Cool. Thank you. I was asking because I learn't a lot about the tdi in recent weeks. There is a lot more to it than the red/green cross and you and lickia seem to have your entry's nailed so thought I would pick your brains.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,194
  • Feb 12, 2015 9:46am Feb 12, 2015 9:46am
Quoting likica
Similar with EU, again I should ve waited... but as I saw TDI angle was too good. Note that I only use M5 around NY/US cash market as price moved too fast {image}
Congrats likica, I must confess that I was missing your charts today
It is difficult to have patience when you have good setups! The cross you took in this chart, besides having a good angle, it happened below the 50 level and below the mbl, indicating a weak buy, as far as I'm concerned. Correct me if I'm wrong. The only downside is that perhaps you miss some moves being more conservative, but it is possible to get better prices or higher probability.

Thanks for sharing likica.
Had to be me. Someone else might have gotten it wrong.
  • #53,195
  • Feb 12, 2015 10:07am Feb 12, 2015 10:07am
GU M5 scalp to target 1.53750 +5.4, (5 lots) risky trade with negative RmUp ATR, but could see small pips to be made to key level
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiM5.png Size: 71 KB
Keep It Simple
  • #53,196
  • Feb 12, 2015 10:12am Feb 12, 2015 10:12am
Quoting cigarguy
GU M5 scalp to target 1.53750 +5.4, risky trade with negative RmUp ATR (5 lots) {image}
So size doesn't matter, and it's ok to only be in for a few minutes?
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,197
  • Feb 12, 2015 10:21am Feb 12, 2015 10:21am
Quoting nods80
{quote} So size doesn't matter, and it's ok to only be in for a few minutes?
nods80,

Yes, I am in agreement with lastingwell as posted earlier. Although, I do suggest before attempting these quick small scalps to spend time on a DEMO and become proficient with the speed of the PA and trade only a couple of pairs and become very familiar with their movement prior to going live. I have been scalping for many years with many hours of screen time and found quick pips in/out less stress then watching/monitoring trades for long periods. Just my style, surely not for everyone. Each trader must find for themselves what fits their personality and time available to trade and make their style and charts their own....trading is not a "one size fits all" business.
Keep It Simple
  • #53,198
  • Feb 12, 2015 10:24am Feb 12, 2015 10:24am
Quoting cigarguy
{quote} nods80, Yes, I am in agreement with lastingwell as posted earlier. Although, I do suggest before attempting these quick small scalps to spend time on a DEMO and become proficient with the speed of the PA and trade only a couple of pairs and become very familiar with their movement prior to going live. I have been scalping for many years with many hours of screen time and found quick pips in/out less stress then watching/monitoring trades for long periods. Just my style, surely not for everyone. Each trader must find for themselves what fits...
Exactly right cigarguy, demo demo and more demo because the speed is the one thing you have to get used to, but if you get used to it, then watching the daily charts is like watching paint dry
  • #53,199
  • Feb 12, 2015 10:27am Feb 12, 2015 10:27am
Quoting lastingwell
{quote}Exactly right cigarguy, demo demo and more demo because the speed is the one thing you have to get used to, but if you get used to it, then watching the daily charts is like watching paint dry
lastingwell,
Keep It Simple
  • #53,200
  • Feb 12, 2015 10:28am Feb 12, 2015 10:28am
Quoting Phx62
EA H1 trades this week in a very volatile market due to news. A very good week overall.{image}
Zoom in on the first trade.

It seems MT4 cannot even connect two triangles properly.
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