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Trading Made Simple

  • #53,201
  • Feb 12, 2015 10:37am Feb 12, 2015 10:37am
Strange, On this 5min chart price crossed the TP line but the trade wasn't closed.
Attached Image
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,202
  • Feb 12, 2015 10:40am Feb 12, 2015 10:40am
Quoting lastingwell
{quote}Exactly right, not just on demo though, that happened to me on a real account with fxcm. I was brought over by IBFX to FXCM in exactly the same way as Emmanuel was and we were all put on the same server together. I first contacted support because the prices/spread in market view didn't match up with the mt4 prices/spread on the chart, so anything like a pending order was not even remotely possible as how are you supposed to know where the order should go. I was told by support that: {quote} I don't like Trading Station so didn't do that....
Here is the image where it happened to me, this is the m5 chart so you can see it more clearly, price moved 34 pips in my favour I moved to BE plus a couple of pips, it stopped me at BE, 12 pips further up than that candle reached, I checked with lots of other brokers charts and not one of them reached that high, so I've had to move to another broker.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 35 KB
  • #53,203
  • Feb 12, 2015 10:41am Feb 12, 2015 10:41am
Quoting nods80
Strange, On this 5min chart price crossed the TP line but the trade wasn't closed. {image}
Don't forget the spread with a sell trade.
  • #53,204
  • Feb 12, 2015 10:55am Feb 12, 2015 10:55am
Quoting lastingwell
{quote}Don't forget the spread with a sell trade.
Of course. It's hit now though +40 pips GA. Only 0.1 lots.
Attached Image (click to enlarge)
Click to Enlarge Name: 5min.PNG Size: 33 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,205
  • Feb 12, 2015 11:07am Feb 12, 2015 11:07am
Quoting cigarguy
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 {image}
I see you like quite a bit scalping 1 or to M5 bars. I want to ask you whether you got any experience trading the TMS on the M5 at red news releases. I've noticed that even entries on the second M5 candle after news is out, has between 15-25 pips+ potential in it. Of course the whole swing is 50-70 pips but it's down to guessing at that point if one enters at the first candle. Do you trade around news releases?
Best regards, Zef
  • #53,206
  • Feb 12, 2015 11:19am Feb 12, 2015 11:19am
GA unannounced spike gave me -32 today


GJ NY session (+50)

Attached Image (click to enlarge)
Click to Enlarge Name: GJ 130215 Sell trade.png Size: 141 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GJ H1 PT hit.png Size: 166 KB


Kindest regards
  • #53,207
  • Feb 12, 2015 11:21am Feb 12, 2015 11:21am
Quoting ZeF
{quote} I see you like quite a bit scalping 1 or to M5 bars. I want to ask you whether you got any experience trading the TMS on the M5 at red news releases. I've noticed that even entries on the second M5 candle after news is out, has between 15-25 pips+ potential in it. Of course the whole swing is 50-70 pips but it's down to guessing at that point if one enters at the first candle. Do you trade around news releases?
ZeF,

I don't trade news although pips can be made. I wait for the mkt to show its trend.
Keep It Simple
  • #53,208
  • Feb 12, 2015 12:24pm Feb 12, 2015 12:24pm
likica, what is the MTF indicator you have at the upper right corner? I search on the paperclip for something "MTF ----" but didn't find anything, don't know the name.

thanks, and sorry for all the questions
Had to be me. Someone else might have gotten it wrong.
  • #53,209
  • Feb 12, 2015 12:42pm Feb 12, 2015 12:42pm
Quoting redcloudxlll
{quote} That's why I don't use it. I had it on my charts for like 2 days. It was just too much that' I couldn't see the candles.
Hi, not sure about version 3 but certainly on the later version (and probably V.3) you can turn the DOTS lines off whilst still keeping the DOTS 'buy' 'sell' etc labels. Right click on chart, go to 'indicator list - DOTS indicator properties box - Edit. Go down to Levels and Extend Lines (which will be True) Change to False and lines disappear but still show the various levels labels. The box above this Level_Text_Shift lets you move the DOTS labels anywhere on your chart. Default is set at 0, if you type 10 in that box the labels move 10 spaces to the right.
  • #53,210
  • Feb 12, 2015 12:50pm Feb 12, 2015 12:50pm
Quoting brekz1
USDCAD +620 {image}

That "0" is a pippet (a fraction of a pip). To get a correct count, you have to drop the last digit.... which means you got +62, which is still fantastic.
  • #53,211
  • Feb 12, 2015 1:37pm Feb 12, 2015 1:37pm
Spike down - 28 pips.
Tripled the lot, and the second was successful, +35 pips.
This method of money management (component only - doubling or tripling the number of lots at a loss), it seems effective.
Today i was satisfied.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.png Size: 140 KB
  • #53,212
  • Feb 12, 2015 1:49pm Feb 12, 2015 1:49pm
Quoting Vnp
Spike down - 28 pips. Tripled the lot, and the second was successful, +35 pips. This method of money management (component only - doubling or tripling the number of lots at a loss), it seems effective. Today i was satisfied. {image}
Vnp,

Be careful... this style of money management is known as a Martingale strategy as used sometimes in Gambling. This is not sustainable in the long run since a streak of losses will eventually occur at some point wiping out the account. See more here:

http://en.wikipedia.org/wiki/Marting...ting_system%29

Thanks

Ballistical
Focus on the process and the profits will follow
  • #53,213
  • Feb 12, 2015 1:59pm Feb 12, 2015 1:59pm
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}
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}
Hi Likica,

The first chart you entered on APB#4. Wouldn't that be a no for the trading plan?

What made you so confident to endure the big drawdown as TDI has changed to down? Was it because of what it looked like on the M15? Or did you have a mental stop? Thank you.
  • #53,214
  • Feb 12, 2015 4:25pm Feb 12, 2015 4:25pm
Why does the angleator point up on the 4 hr when the TDI hasnt crossed?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 49 KB
  • #53,215
  • Feb 12, 2015 4:26pm Feb 12, 2015 4:26pm
Quoting mordin
likica, what is the MTF indicator you have at the upper right corner? I search on the paperclip for something "MTF ----" but didn't find anything, don't know the name. thanks, and sorry for all the questions
it s called 'TMS 10EMA Dashboard' and it s from paper clip.
Appreciation is the key to wealth and happiness
  • #53,216
  • Feb 12, 2015 4:28pm Feb 12, 2015 4:28pm
Quoting Cun
{quote} Zoom in on the first trade. It seems MT4 cannot even connect two triangles properly. {image}
http://www.forexfactory.com/attachme...1&d=1423758380

Cun,

when you drag and drop the closed trades from the MT4 Account History, the arrow and lines must connect the exact time of entry and exit of the trades....
sometimes, I see missing connecting lines between entry and exit arrows.
so how can this happen?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,217
  • Feb 12, 2015 4:34pm Feb 12, 2015 4:34pm
GBPAUD and EURAUD both looking bullish on Day charts.

Anyone have a different view?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,218
  • Feb 12, 2015 4:39pm Feb 12, 2015 4:39pm
Quoting Shadownet
{quote} {quote} Hi Likica, The first chart you entered on APB#4. Wouldn't that be a no for the trading plan? What made you so confident
to endure the big drawdown as TDI has changed to down? Was it because of what it looked like on the M15? Or did you have a mental stop? Thank you.
hi Shadownet,

1st chart (GN) :I entered it from M15 as I saw TDI created div with price and crossed down MBL which was 1st APB. I showed M5 here just to illutrate we can make +50 green from M5 with TDI crossed and right PA (those PA set ups) when a pair has big ADR and market moves fast.

2nd chart (EU): I set my SL at below prev swing low (in this case it was below 200MA on M5) and yes price retraced and I could get stopped out if it turned around...
Attached Image (click to enlarge)
Click to Enlarge Name: 12.2.15 GN M15 short NY +55 (m15 view).png Size: 76 KB
Appreciation is the key to wealth and happiness
  • #53,219
  • Feb 12, 2015 4:45pm Feb 12, 2015 4:45pm
Quoting MrAussieFX
GA unannounced spike gave me -32 today GJ NY session (+50) {image} {image} Kindest regards
that spike was nasty on H1 and neutralized one of my H1 trades.

you did a quick recovery trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,220
  • Feb 12, 2015 5:18pm Feb 12, 2015 5:18pm
Quoting mordin
{quote} 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.
Thanks for your support. It was not fun to post when things a bit tense in this thread during that time so I decided to be quiet. We are here to learn and share our experience to help each other.
I finally posted my charts (at very late hour of Mel time) because of the set up that I thought others might learn from and to remind myself to be more patient (it s still a big deal to me and I have no intention to show off as a winner as I am not super yet and still learning too)
Appreciation is the key to wealth and happiness
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