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Trading Made Simple

  • #53,621
  • Feb 18, 2015 7:08am Feb 18, 2015 7:08am
Quoting mordin
{quote} oh yes yes, thanks for reminding! I did that once and blow up a demo account lol! I just wanted to specify that I wanted to make up the losers, but sticking to my plan of course! thanks gs!
keeping going mate...
  • #53,622
  • Feb 18, 2015 7:21am Feb 18, 2015 7:21am
Quoting griffinssoul
{quote} It is good that you explained in detail what they are but this is irrelevant - its a variant from Big Es method period. The variation is enough to confuse experienced traders of TMS let alone noobs - which are confused enough. Sorry mate but Big E would have verbally mounted you on your bike
I beg to differ ..... personally I think all the rainbows, fibs, indis, this that and the other, plus the multitude of rules that have been introduced to the original thread is where the real confusion lies.

I have simply swept all that away to leave what I need and nothing else.

I appreciate that lines instead of candles could be considered a little off the wall for some if not most, and I really wonder how many actually use the candle information, because when all said and done they are no more than fractal information ie broken down into bite size chunks....the price is still the price!

Lets leave it there
  • #53,623
  • Feb 18, 2015 7:36am Feb 18, 2015 7:36am
Good morning everyone,
(6;30 a.m. my time, N/Y session)

Here is my trade from last night.
Eur/usd 4 hour chart, short.

I have not liquidated out yet. It's looking like
it still has potential on the downside. I'm thinking
about it & watching it.
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 71 KB
  • #53,624
  • Feb 18, 2015 7:51am Feb 18, 2015 7:51am
Quoting snarlyjack
Good morning everyone, (6;30 a.m. my time, N/Y session) Here is my trade from last night. Eur/usd 4 hour chart, short. I have not liquidated out yet. It's looking like it still has potential on the downside. I'm thinking about it & watching it. sj {image}
ST2 looks like a good place to aim for.

Edit: I misunderstood you last night. I thought you were looking for a long trade.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,625
  • Feb 18, 2015 7:54am Feb 18, 2015 7:54am
Quoting snarlyjack
Good morning everyone, (6;30 a.m. my time, N/Y session) Here is my trade from last night. Eur/usd 4 hour chart, short. I have not liquidated out yet. It's looking like it still has potential on the downside. I'm thinking about it & watching it. sj {image}
Hi SJ

That's a decent trade you have going there. It appears according to my chart to have plenty of steam left in the tank, so I wouldn't be in any rush to bail out just yet if I were in your shoes

Good luck with it

LL
  • #53,626
  • Feb 18, 2015 7:57am Feb 18, 2015 7:57am
Once the trade get's like this...
(in profit, nice candle, good s/r, etc).
Then you have options...
I can let it ride, roll it over to the daily,
liquidate out. I like options...
sj
  • #53,627
  • Feb 18, 2015 8:01am Feb 18, 2015 8:01am
Quoting snarlyjack
Once the trade get's like this... (in profit, nice candle, good s/r, etc). Then you have options... I can let it ride, roll it over to the daily, liquidate out. I like options... sj
Yeah that's very true...a nice place to be..but importantly don't forget an add on trade is now a very big option for you, funded by what you already have....it's worth your consideration now I think.

LL
  • #53,628
  • Feb 18, 2015 8:04am Feb 18, 2015 8:04am
The Synergy pro P/T indicator just
fired off on the new candle. Which gives
me more confidence to hold on to the trade.
(Imho, it's all about confidence).
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 67 KB
  • #53,629
  • Feb 18, 2015 8:33am Feb 18, 2015 8:33am
Take a look at the aud/usd 30 minute tf.
See how price is on a sell according to Dot's.
But price is stuck at the Dsr s/r level & the 200 ema.
If price can break through those levels I would be
looking to go short. But it's not ready yet.
sj
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 72 KB
  • #53,630
  • Feb 18, 2015 8:58am Feb 18, 2015 8:58am
Quoting snarlyjack
Take a look at the aud/usd 30 minute tf. See how price is on a sell according to Dot's. But price is stuck at the Dsr s/r level & the 200 ema. If price can break through those levels I would be looking to go short. But it's not ready yet. sj {image}
You may end up being right, but my 30 min chart attached is suggesting to me an upturn is more likely to me. Its not a trade I'm interested in at this point though I've gotta admit...but nevertheless will be interesting to see how it pans out.

LL

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 24 KB
  • #53,631
  • Feb 18, 2015 9:01am Feb 18, 2015 9:01am
I just liquidated out of the eur/usd 4 hour chart.
On the Dot's take profit #1 level.
It was slowly moving down & I wanted to take
my profits & run (this trade made me even from
my last 2 losses). I took this picture before I
liquidated out.
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 66 KB
  • #53,632
  • Feb 18, 2015 9:12am Feb 18, 2015 9:12am
Quoting snarlyjack
I just liquidated out of the eur/usd 4 hour chart. On the Dot's take profit #1 level. It was slowly moving down & I wanted to take my profits & run (this trade made me even from my last 2 losses). I took this picture before I liquidated out. sj {image}
An interesting decision SJ...

My EU chart has plenty to say its got mileage left in a down move....but profits in the bank are profits in the bank anyway....there's always another day as they say

LL
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 25 KB
  • #53,633
  • Feb 18, 2015 9:21am Feb 18, 2015 9:21am
Quoting snarlyjack
I just liquidated out of the eur/usd 4 hour chart. On the Dot's take profit #1 level. It was slowly moving down & I wanted to take my profits & run (this trade made me even from my last 2 losses). I took this picture before I liquidated out. sj {image}
very nice trade sj I didn't see that, but it would have reduced the huge losses I took today. Althought looking it better, the tdi-mtf 1D does not confirm down movement, so perhaps I wouldn't have entered anyway.
Had to be me. Someone else might have gotten it wrong.
  • #53,634
  • Feb 18, 2015 10:26am Feb 18, 2015 10:26am
Good Mornin' all ...

This is my first post, though I've been lurking here since last fall, just trying to learn a little something. I was hooked by big E's first post. It looked like he'd been reading my mail.

So far I haven't got a handle on this method, although I've been working at it pretty hard ... sure don't have 10,000 hours in yet, so maybe there's still hope. I've read most of the thread and downloaded a ton of the indicators.

SJ ... I'm a Montana boy, too. You're posts are encouraging. I started trading futures in the '70s, bought a new four wheel drive pickup with the profits, then blew through most of the rest of the account before hanging it up for many years. I did manage to quit while I was still ahead, but there was a big gaping hole in my method that I've been trying to figure out how to plug ... I was really hoping this thread was it. I was drawn to Forex because of no limits and expanded trading time. So far no cigar for me.

Question ... SJ, I've been looking at the charts at 10PM Montana time, when the new four hour candle comes up ... just trying to copy your (and Big E's) style. It really hasn't worked out very well for me. I want to know the reasoning behind your trade last night on the 4 hr EU. I looked at that pretty closely last night, and it sure didn't look like a sell signal to me ... it still doesn't, unless you look backwards in time.

What am I missing??

Thanks in advance.
  • #53,635
  • Feb 18, 2015 10:52am Feb 18, 2015 10:52am
EJ _ H1 sold at rejection of LO high of the day, then added position on an outside bar on H1, both positions with same tp for total +90 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_H1 trades.jpg Size: 341 KB
I Have Learned to Take Some Losses to Make Profits
  • #53,636
  • Feb 18, 2015 11:17am Feb 18, 2015 11:17am
Quoting TheScorpS
EJ _ H1 sold at rejection of LO high of the day, then added position on an outside bar on H1, both positions with same tp for total +90 pips {image}
Nice trading TS
Sad i'm not trying to understand PA
  • #53,637
  • Edited 11:54am Feb 18, 2015 11:38am | Edited 11:54am
Quoting 7bearval
Good Mornin' all ... This is my first post, though I've been lurking here since last fall, just trying to learn a little something. I was hooked by big E's first post. It looked like he'd been reading my mail. So far I haven't got a handle on this method, although I've been working at it pretty hard ... sure don't have 10,000 hours in yet, so maybe there's still hope. I've read most of the thread and downloaded a ton of the indicators. SJ ... I'm a Montana boy, too. You're posts are encouraging. I started trading futures in the '70s, bought a new...
7Bearval,

Welcome to Tms!
Your from Montana...that's great.

Let me explain what I was looking at. First thing is here in Montana the last
4 hour candle changes at 11:00 p.m. our time. After 11:00 p.m. I start looking
for trades & really check out the tdi, guppy's, levels, dots, s/r. I look at
everything. And kinda go hmmm...what do I think. Trading is also about
feel, price action movement, how things are setting up & how the other
time frames look.

So I'm looking at the daily, then the 4 hour & then the 1 hour charts. Looking at
everything, on all the charts. I'm trying to get warm fuzzies from what I'm seeing.
Their are very few perfect trades, where they just jump out at you. So part of my
process is I kinda have to visualize & ask myself where it could go (s/r levels) & what happens
if it doesn't. Then I try to set up my entry/exit on what could happen.

It's not a mechanical system. It's a very visual system that you need to use your
discretion with. Their is a lot more to it than a tdi cross. You need to look at other
things as well (s/r, levels, tdi, guppy's, price action, other time frames, color of apb's, the
levels of the tdi, 200 ema,dot's levels, how many apb's, pac). Once you have a really good handle on these things,
then you go from their. About a potential long or short (if you take the trade). Then stop loss,
money management, position sizing. Their really is a lot to know, plus experience.

I would be more than happy to work with you & show you everything I know!

Nice meeting you 7Bearval!

sj
  • #53,638
  • Feb 18, 2015 12:07pm Feb 18, 2015 12:07pm
Quoting omonisha
{quote} Nice trading TS
Thanks alot , appreciate it
I Have Learned to Take Some Losses to Make Profits
  • #53,639
  • Feb 18, 2015 1:15pm Feb 18, 2015 1:15pm
USDJPY 52+ Green

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.PNG Size: 56 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,640
  • Feb 18, 2015 1:19pm Feb 18, 2015 1:19pm
Quoting nods80
USDJPY 52+ Green {image}
Nice nods80
Sad i'm not trying to understand PA
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