Trading Made Simple | Page 2690 | 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

  • #53,781
  • Feb 20, 2015 8:17am Feb 20, 2015 8:17am
Quoting lastingwell
I've been getting a lot of pms about the way I trade so one more time I will show the way I do it in detail. I haven't taken images of all the trades as I wasn't going to post about it again on here, but this morning I did so I could post it today. This is how I look at the charts. What I am basically doing is trading the higher timeframe's tdi bends and steps along with good pa on the lower timeframe, so in the case of H4 this morning I was looking at pa on there along with a bend in the daily. Note: If I'm on the lower timeframes I need to see...
Good morning everyone,
(N/Y session)

Thanks Lastingwell,

For explaining how you trade.
What pairs do you trade?
Your not using any moving average's or Asr s/r levels?
So your entering on the (for example) 30 minute chart & rolling
into the 1 hour & 4 hour charts? If so that is a great way to trade.
Tell us more...
Thanks
sj
  • #53,782
  • Feb 20, 2015 8:21am Feb 20, 2015 8:21am
Quoting rnsfrd
Just my 2 cents (or 10 cents depending on how long I ramble) on psychology, trading lower time frames, etc. Had a little slump recently and decided to take a look at what I was doing differently from my profitable trades. My recent losers weren't necessarily bad set ups; some profited, and then some of course went negative, but nothing consistent this week, which was unusual. My big winners from previous weeks all had something in common which were that they traded with the daily; usually by the 2nd or 3rd strong daily candle, I considered it trending....
Rnsfrd,

I agree with you. I've always done much better with
the long term charts (4 hour & daily). I think the daily
is the most accurate & place a lot of trades just using it.

Living where I do is it very hard to trade the shorter time frames
unless you want to stay up all night. I might start trading the lower
time frames for a couple of hours in the N/Y session but the L/O
is the best time.
sj
  • #53,783
  • Feb 20, 2015 8:26am Feb 20, 2015 8:26am
Quoting cigarguy
GU, a little slow Asian session M5 all was green for a long +4.3 (5 lots) target was quarter level 1.54250, but got bored with this one and close early and then it hit my target of course.... {image}
Cigarguy,

Contrary to what other people say, I still think
you have a excellent scalping system. You could use
your system on any time frames.
sj
  • #53,784
  • Edited 8:45am Feb 20, 2015 8:31am | Edited 8:45am
Quoting snarlyjack
{quote} Cigarguy, Contrary to what other people say, I still think you have a excellent scalping system. You could use your system on any time frames. sj
sj,

Thanks, and I do.....I just don't post all here . I use other analysis not to detract from TMS....there are 3 traders in my trading office and I am the scalper....sometimes good and sometimes bad.......
Keep It Simple
  • #53,785
  • Feb 20, 2015 8:41am Feb 20, 2015 8:41am
Quoting snarlyjack
{quote} Good morning everyone, (N/Y session) Thanks Lastingwell, For explaining how you trade. What pairs do you trade? Your not using any moving average's or Asr s/r levels? So your entering on the (for example) 30 minute chart & rolling into the 1 hour & 4 hour charts? If so that is a great way to trade. Tell us more... Thanks sj
No, this week I've entered purely on the H4 with the daily tdi as the guide, really just to see how it went and if there was a great difference with the amount of pips gained or lost. I'm using the supdem I've posted and look mainly for a rejection from the boxes, if its heading into one I don't go in if its too close to it. I want roughly 100 pips left till it reaches the atr lines so there is enough room (high probability there is enough room) to the tp. I haven't moved to breakeven all week, just left it to run but if it had turned around (sharp turn up on the h4 tdi) before the tp was hit I would have come out. When I get home I will post the other 4 trades taken this week. Pairs I trade I look at a few pairs I like, that also have the highest atr which this week has been GJ, GA and EA I leave the rest alone. If the atr starts to diminish so will my tp level because of the atr and I will start to do more trades probably to make an average of 500 pips a week which has always been my target.
  • #53,786
  • Feb 20, 2015 8:47am Feb 20, 2015 8:47am
Lastingwell,

Your not using trend at all (moving averages),
just going from s/d box to box?

I've made a ton of money on the 4 hour & daily
charts & I never set a take profit.

The pairs you trade have the highest ATR numbers?
So no eur/usd or usd/jpy or aud/usd (for example)?

sj
  • #53,787
  • Feb 20, 2015 9:15am Feb 20, 2015 9:15am
EA tried to go with FO opens , ride it all the way into US session and it worked for +150 pips

Congrats on all TMS fellow traders that are working and progressing, keep at it, it takes tremendous time and effort but at the end it becomes simple as in Trading made Simple
Attached Image (click to enlarge)
Click to Enlarge Name: EH_H1_FO.jpg Size: 328 KB
I Have Learned to Take Some Losses to Make Profits
  • #53,788
  • Feb 20, 2015 9:17am Feb 20, 2015 9:17am
Quoting TheScorpS
EA tried to go with FO opens , ride it all the way into US session and it worked for +150 pips Congrats on all TMS fellow traders that are working and progressing, keep at it, it takes tremendous time and effort but at the end it becomes simple as in Trading made Simple {image}

Nice trade.....
Keep It Simple
  • #53,789
  • Feb 20, 2015 9:20am Feb 20, 2015 9:20am
Quoting TheScorpS
EA tried to go with FO opens , ride it all the way into US session and it worked for +150 pips Congrats on all TMS fellow traders that are working and progressing, keep at it, it takes tremendous time and effort but at the end it becomes simple as in Trading made Simple {image}
TheScorpS,

I would say that is perfect!
I do exactly the same thing only on the 4 hour.
As you can tell 8 years later I still fool around
with my system. I really think it helps to look at
other traders set-ups.
sj
  • #53,790
  • Feb 20, 2015 9:22am Feb 20, 2015 9:22am
Lastingwell,

I'm posting up (kinda your set-up) should be pretty close.
It looks to me that last night was a very good night!
sj
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 55 KB
Click to Enlarge Name: GBPAUDH4.png Size: 55 KB
Click to Enlarge Name: GBPJPYH4.png Size: 55 KB
  • #53,791
  • Feb 20, 2015 9:49am Feb 20, 2015 9:49am
60 total

I still trade H1 on EA/Ej/GJ, but I've m15 with this setup on majors and I mostly trade them in the afternoon, with the NY session... Haven't had much time to trade, so this is my only two trades for the week, but I hope to get back at it next week...
Attached Images
  • #53,792
  • Feb 20, 2015 9:52am Feb 20, 2015 9:52am
2015 Week 8 - Trade Summary:

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

A quiet week this time round with only three trades. A silly mistake with my CaveManager EA cost me 50 pips (+4%) on Tuesday. Ended up finishing on +25 pips (+2%).

Monday: PA was clearly ranging before LO. With it being a Monday and little news scheduled for the day, I wanted to see a clear break of the range. Whilst LO broke just above FO, it didn't break the range I was watching (shown on the chart). After watching the first three London candles all move sideways I closed shop for the day.

Tuesday: I explained in last weeks summary that I was moving to "set and forget" trades from now on. I took a TDI bounce trade at LO+1 once LO and FO had formed a double bottom. However, I hadn't realised that my CaveManager EA was still setup for moving SL to BE after 21 pips in profit. I went to the gym and returned to find I had been stopped out at BE only for PA to reach my TP and turn. A little frustrating but its only demo and at the end of the day, my analysis was still correct so it still counts right? (I've now made sure my CaveManager is well and truly disabled!)

Wednesday: PA was moving sideways prior to London, but I took a TMS entry short once LO broke below Frankfurt. LO was third red candle at the time but Candle #1 had a very small body. Also at the time TDI green had just crossed red and yellow. Turned out to be a LO fakeout and price was fairly dead for the rest of the day (-25, -2%)

Thursday: Took a continuation trade at LO once it broke above FO. TDI green was already well into overbought territory but there was just enough momentum to hit the 50 pip TP before price turned. (+50, +4%)

Friday: Price was trending nicely prior to London but I had already decided not to trade at LO with all the scheduled Euro HIN. Normal entry for me would have been continuation at LO on a break below Frankfurt... good for 100 pips in this case


Not my best result pip-wise but aside from the silly mistake with my CaveManager EA on Tuesday, I'm actually fairly happy with this weeks performance. I traded to my plan, kept my discipline and ended up with a profit on a week which moved largely sideways. Hopefully PA will be a bit kinder next week!

Have a good weekend all!

Ballistical
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 150 KB
Focus on the process and the profits will follow
  • #53,793
  • Feb 20, 2015 9:56am Feb 20, 2015 9:56am
Quoting TheScorpS
EA tried to go with FO opens , ride it all the way into US session and it worked for +150 pips Congrats on all TMS fellow traders that are working and progressing, keep at it, it takes tremendous time and effort but at the end it becomes simple as in Trading made Simple {image}
Perfect Trade TSS!
Focus on the process and the profits will follow
  • #53,794
  • Feb 20, 2015 10:04am Feb 20, 2015 10:04am
Quoting Ballistical
2015 Week 8 - Trade Summary: 3 trades in total: - 1 win - 1 BE - 1 Loss A quiet week this time round with only three trades. A silly mistake with my CaveManager EA cost me 50 pips (+4%) on Tuesday. Ended up finishing on +25 pips (+2%). Monday: PA was clearly ranging before LO. With it being a Monday and little news scheduled for the day, I wanted to see a clear break of the range. Whilst LO broke just above FO, it didn't break the range I was watching (shown on the chart). After watching the first three London candles all move sideways I closed...
Ballistical,

I think the "key" statement you made was:
"I traded to my plan, kept my discipline, and ended up with a profit on a week which
moved largely sideways".
That my friend is pure gold
Congrat's.
sj
  • #53,795
  • Feb 20, 2015 10:06am Feb 20, 2015 10:06am
Quoting WDays
60 total I still trade H1 on EA/Ej/GJ, but I've m15 with this setup on majors and I mostly trade them in the afternoon, with the NY session... Haven't had much time to trade, so this is my only two trades for the week, but I hope to get back at it next week... {image} {image}
WDays,

I think that is perfect!
The afternoon N/Y session I have found
is not a bad time to trade. Once everyone get's back
from lunch the market picks up again...
sj
  • #53,796
  • Feb 20, 2015 10:15am Feb 20, 2015 10:15am
Quoting snarlyjack
{quote} WDays, I think that is perfect! The afternoon N/Y session I have found is not a bad time to trade. Once everyone get's back from lunch the market picks up again... sj
I used to avoid the NY session because the pairs I used to trade faired poorly in the afternoon (morning for you), once I decided to have a dig at majors again (I hadn't opened a trade on EU or UJ in 2 years, lol) I saw how well-behaved they were precisely in the afternoon. 60 pips in 15-20 minutes, after all
  • #53,797
  • Feb 20, 2015 10:22am Feb 20, 2015 10:22am
Shorting CAD JPY
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-20_18-18-03.jpg Size: 413 KB
  • #53,798
  • Feb 20, 2015 10:35am Feb 20, 2015 10:35am
Quoting Kreuzritterq
Shorting CAD JPY {image}
Kreuzritterq,

That looks perfect!
If I could make one suggestion it would be
to load up the supply/demand indicator (in paperclip
on the top of this page). This will give you some
pretty accurate targets to aim for.

Check out Lastingwell's comments on the supply/demand
indicator. It's pretty good.
sj
  • #53,799
  • Feb 20, 2015 11:08am Feb 20, 2015 11:08am
Quoting TheScorpS
EA tried to go with FO opens , ride it all the way into US session and it worked for +150 pips Congrats on all TMS fellow traders that are working and progressing, keep at it, it takes tremendous time and effort but at the end it becomes simple as in Trading made Simple {image}
That is an awesome Trade Excellent
Sad i'm not trying to understand PA
  • #53,800
  • Feb 20, 2015 11:09am Feb 20, 2015 11:09am
Quoting snarlyjack
Lastingwell, Your not using trend at all (moving averages), just going from s/d box to box? I've made a ton of money on the 4 hour & daily charts & I never set a take profit. The pairs you trade have the highest ATR numbers? So no eur/usd or usd/jpy or aud/usd (for example)? sj
I don't use those currencies at the moment there is no need to with the others being higher. Not s/d box to s/d box, rejection preferably of the s/d box (so with the one I use it turns to light grey when its been hit again) and to roughly the atr lines or 100 pips. There are usually 2 trades a week on each currency that will fill the criteria I set, so its a matter of waiting for the trade and then taking it. And no, I don't use moving averages either anymore.
106 traders viewing now, 1 is registered: