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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #54,601
  • Mar 6, 2015 9:12am Mar 6, 2015 9:12am
Likica,

Price seems to be holding exactly on Erebus
Daily open line v ADR levels. Which is good to know.
The settings seem to be right on...
sj
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 58 KB
  • #54,602
  • Mar 6, 2015 9:14am Mar 6, 2015 9:14am
Quoting WDays
{quote} Yeah but then you're just a hobby trader
would be sweet to make $$$$$$ from a hobby
Appreciation is the key to wealth and happiness
  • #54,603
  • Mar 6, 2015 9:18am Mar 6, 2015 9:18am
Quoting snarlyjack
Likica, Price seems to be holding exactly on Erebus Daily open line v ADR levels. Which is good to know. The settings seem to be right on... sj {image}
ok, so the indie is helping to set PT/SL? it looks amazing
Appreciation is the key to wealth and happiness
  • #54,604
  • Mar 6, 2015 9:19am Mar 6, 2015 9:19am
Quoting likica
Hi SJ, nice bag from AU trade. did u enter from 1st red number ? i m still figuring how to use it {quote} no need to trade everyday if you can have a few nice bags here and there
Likica,

I entered as price broke through the Synergy Dsr level
for a quick scalp to see if it would hit the Daily open line
Adr level. (fast 20 pips). I was more interested in the
exactness of the levels for future reference...
sj
  • #54,605
  • Mar 6, 2015 9:20am Mar 6, 2015 9:20am
Quoting omonisha
{quote} Nice i got another with the news- USDJPY-M30 {image}
gee... i m jealous of how u knew... did u jump in with a pending order when the news was just about to release?
Appreciation is the key to wealth and happiness
  • #54,606
  • Mar 6, 2015 9:25am Mar 6, 2015 9:25am
Quoting snarlyjack
Erebus, I just took this trade on the aud/usd 30 minute chart. Price hit your level exactly as I liquidated out... Thanks sj {image}
Nice trade SJ. I was to to trade the NY session. Got a little bag in oil but that's it.

Erebus can you tell us or pm me some details on how you use that indi?
Intelligence is the ability to adapt to change. Stephen Hawking
  • #54,607
  • Mar 6, 2015 9:27am Mar 6, 2015 9:27am
Quoting likica
{quote} gee... i m jealous of how u knew... did u jump in with a pending order when the news was just about to release?
Yes you are absolutely right. i was just holding my script there. price shoot down i release the script.lucky
Sad i'm not trying to understand PA
  • #54,608
  • Mar 6, 2015 9:33am Mar 6, 2015 9:33am
Erebus,

It looks like the aud/usd 30 minute chart, price hit
your level exactly, then on the new 30 minute bar it
turned up. See level & Tdi...very interesting...
sj
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 58 KB
  • #54,609
  • Mar 6, 2015 9:40am Mar 6, 2015 9:40am
Quoting snarlyjack
Erebus, It looks like the aud/usd 30 minute chart, price hit your level exactly, then on the new 30 minute bar it turned up. See level & Tdi...very interesting... sj {image}
Oh no you got me pondering :nerd:
Intelligence is the ability to adapt to change. Stephen Hawking
  • #54,610
  • Mar 6, 2015 9:44am Mar 6, 2015 9:44am
Quoting nods80
{quote} Oh no you got me pondering :nerd:
Nods,

Welcome to our crazy world!
(Better known as welcome to the jungle )...
sj
  • #54,611
  • Mar 6, 2015 9:47am Mar 6, 2015 9:47am
Quoting snarlyjack
{quote} Nods, Welcome to our crazy world! (Better known as welcome to the jungle )... sj
It's like venom running through my veins FOREX has no mercy! Just glad i'm in good company to keep in the straight and narrow.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #54,612
  • Mar 6, 2015 9:52am Mar 6, 2015 9:52am
Quoting omonisha
{quote} Yes you are absolutely right. i was just holding my script there. price shoot down i release the script.lucky
I was contemplating a long around the 70s, but then I decided nah it shot up 100 pips and the SP was headed down, so may be best to sit this one out...
  • #54,613
  • Mar 6, 2015 10:11am Mar 6, 2015 10:11am
Quoting snarlyjack
Likica, Price seems to be holding exactly on Erebus Daily open line v ADR levels. Which is good to know. The settings seem to be right on... sj {image}
Please correct me if i am wrong. the first price either up or down after the open line is 20% ADR and the 2nd target is 70% ADR in one direction. If the 2nd target is hit in one direction then isnt the other other 2nd target in the other direction over 100% ADR? I like the thought of the indicator and I would like to be clear.
  • #54,614
  • Mar 6, 2015 10:30am Mar 6, 2015 10:30am
Hi guys, I see you guys discusing about ADR, wich indicator is that? cant find it in the synergy .zip. The TP i think is my biggest difficulty right now, SL and entry points are getting more clear, but I always jump out of the trade in the first retraces and always end up with around 15pip max because its very unclear for me till what price the trend can go, usually setting 10-15pip tp in H1-H4 charts, or near the previous resistance/support. I will have many free hours to study this weekend, and a north on where/what put this time would be very helpfull. Any suggestions are very appreciated!

Thanks!!
  • #54,615
  • Mar 6, 2015 10:48am Mar 6, 2015 10:48am
Quoting mokuro89
Hi guys, I see you guys discusing about ADR, wich indicator is that? cant find it in the synergy .zip. The TP i think is my biggest difficulty right now, SL and entry points are getting more clear, but I always jump out of the trade in the first retraces and always end up with around 15pip max because its very unclear for me till what price the trend can go, usually setting 10-15pip tp in H1-H4 charts, or near the previous resistance/support. I will have many free hours to study this weekend, and a north on where/what put this time would be very...
Check this page http://www.forexfactory.com/showthre...1622&page=2728
  • #54,616
  • Mar 6, 2015 11:09am Mar 6, 2015 11:09am
2 trades this week. (+200pips rounded)
1st trade was taken on the start of new daily candle. closed after price retrace and hit my trail stop
2nd trade was taken after i see a move on LO. got in after 30 mins. closed prematurely because spread widens before news and hit my trail stop....(i count it as 30 pips lost opportunity)

Hope you guys have a great week


Greenb
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 70 KB
Click to Enlarge Name: EURAUDM15.png Size: 58 KB
Daniel
  • #54,617
  • Mar 6, 2015 12:01pm Mar 6, 2015 12:01pm
Trading dangerously around NFP.
Follow the Day candles, wait for the first spike then place your pending order with grid orders.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H1 6 Feb NFP.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,618
  • Mar 6, 2015 12:08pm Mar 6, 2015 12:08pm
Quoting mokuro89
Hi guys, I see you guys discusing about ADR, wich indicator is that? cant find it in the synergy .zip. The TP i think is my biggest difficulty right now, SL and entry points are getting more clear, but I always jump out of the trade in the first retraces and always end up with around 15pip max because its very unclear for me till what price the trend can go, usually setting 10-15pip tp in H1-H4 charts, or near the previous resistance/support. I will have many free hours to study this weekend, and a north on where/what put this time would be very...

Page One of the paperclip selection...
Attached Image (click to enlarge)
Click to Enlarge Name: ISM ADR Marker.png Size: 94 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,619
  • Mar 6, 2015 12:14pm Mar 6, 2015 12:14pm
Quoting emmanuel7788
Trading dangerously around NFP. Follow the Day candles, wait for the first spike then place your pending order with grid orders. {image}
I like it. What was the strategy for stop loss in case a recoiled back? Can you post the script you use please?
Intelligence is the ability to adapt to change. Stephen Hawking
  • #54,620
  • Mar 6, 2015 12:59pm Mar 6, 2015 12:59pm
Hi emmaunuel,


Long time no speak.


I had a similar trade. Taking profit at resistance around 120.7

Best Regards

Adam

https://charts.mql5.com/7/194/usdjpy...trader-ltd.png
Quoting emmanuel7788
Trading dangerously around NFP. Follow the Day candles, wait for the first spike then place your pending order with grid orders. {image}
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