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Trading Made Simple

  • #54,781
  • Mar 10, 2015 1:34pm Mar 10, 2015 1:34pm
[quote=Next4467;8125970]
Quoting emmanuel7788
{quote} Next, I know of many traders here are in the same situation like you.... Emmanuel I choose H4 because daily would be to slow for me and my broker doesn't offer H6 or H8, and euraud is the pair I have been trading on H1 so I'm more used to this pair. I don't have a set time of day I wish or can trade but my broker prints a new H4 candle at 7am gmt so it's just before London open. I'm hoping that only having to check every 4 hours will mean I can trade more often. Thanks for your help

Hi Next,

It's now 20:30 London time, right?
Today' day candle will close in about 30 mins.
look at GBPAUD, when a new Day candle opens, open a buy position on your demo account, with your SL to the low of the previous 2 days.
let the market decide on your TP, but for now, set TP to 2.0000

leave that running ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,782
  • Mar 10, 2015 1:53pm Mar 10, 2015 1:53pm
GBPAUD H1 trades closed.
Had no time to post yesterday while attending workshop this week and meeting a group of great traders..
So trading done on my Day chart when New York handovers to Sydney opens in about ten minutes.
Rest of today, I may just pop in and look at my H1 chart to see how intraday market is like and take further trade decisions.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week 11 10 Mar H1 trade. closed.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,783
  • Mar 10, 2015 1:55pm Mar 10, 2015 1:55pm
[quote=emmanuel7788;8126336]
Quoting Next4467
{quote} Hi Next, It's now 20:30 London time, right? Today' day candle will close in about 30 mins. look at GBPAUD, when a new Day candle opens, open a buy position on your demo account, with your SL to the low of the previous 2 days. let the market decide on your TP, but for now, set TP to 2.0000 leave that running ...
Emmanuel I have two problems with your suggestion, firstly I don't have a demo account, secondly I'm a bit stoned on morphine at the moment and my eyes are just about to shut for the night. Also my day candle starts at 11pm
  • #54,784
  • Mar 10, 2015 2:05pm Mar 10, 2015 2:05pm
EURUSD - when will it hit parity?

Last night after a long day of trading workshop discussions, at dinner time, a group of traders talked about EU whether and when it will hit parity, and of course what will be the impact, etc.
Anybody's guess but we should sell and hold on to as long as possible and let the market decide.
I see a Monthly Inside Bar breakout happening.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD parity.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,785
  • Mar 10, 2015 2:06pm Mar 10, 2015 2:06pm
[quote=Next4467;8126362]
Quoting emmanuel7788
{quote} Emmanuel I have two problems with your suggestion, firstly I don't have a demo account, secondly I'm a bit stoned on morphine at the moment and my eyes are just about to shut for the night. Also my day candle starts at 11pm
I read only one problem.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,786
  • Mar 10, 2015 2:08pm Mar 10, 2015 2:08pm
Looking at the weekly chart. I have caught the entire move so far on EJ, Goal 128.00 If it breaks 125 after that, 115 will be the next target!!
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 22 KB
Positive anything is better than negative thinking.- Elbert Hubbard
  • #54,787
  • Mar 10, 2015 2:14pm Mar 10, 2015 2:14pm
Quoting redcloudxlll
Looking at the weekly chart. I have caught the entire move so far on EJ, Goal 128.00 If it breaks 125 after that, 115 will be the next target!! {image}


it just broke the Weekly range on D1.
keep selling every small rally till the market decides where the bottom.
we are in what some call ... very depressed market condition.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY week 11.png Size: 42 KB

do you believe the TDI hit level 10?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,788
  • Mar 10, 2015 2:21pm Mar 10, 2015 2:21pm
Quoting MrAussieFX
{quote} Joynal2u, I know how TSS trade and would like to take an opportunity to explain a little however TSS can explain better than me. If you are new to TMS thread I would suggest take conservative entries only that are in favour of the overall trend. Conservative entries means 1. Always enter on the candle close 2. Wait for the candle to close outside PAC 3. TDI signals Buy (Green above Red both above MBL and all three above 50 line), Sell (Green below Red both below MBL and all three below 50 line) 4. Trade with the higher TF trend 5. Stick...
MrAussieFX,

I am impressed by the amount of effort and time you put in to help others in this thread. I LIKE
That comes with some sacrifice on your part and the power of the universe dictates that you will be richly blessed.
I like this saying" "When the students are ready, the teacher will appear".

Attached Image (click to enlarge)
Click to Enlarge Name: MrAussieFX.png Size: 347 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,789
  • Mar 10, 2015 2:35pm Mar 10, 2015 2:35pm
Quoting TheScorpS
{quote} Well done, very good management as well on EA , I was in the same trade but closed with BE, took 50 off EJ short
Big big euro weakness these days..

I had an open e/u sell, and closed it like a retard for like +17 on a pullback.
Thanks for the nice words!
  • #54,790
  • Mar 10, 2015 4:18pm Mar 10, 2015 4:18pm
Quoting emmanuel7788
{quote} MrAussieFX, I am impressed by the amount of effort and time you put in to help others in this thread. I LIKE That comes with some sacrifice on your part and the power of the universe dictates that you will be richly blessed. I like this saying" "When the students are ready, the teacher will appear". {image} regards,
I completely agree, and that goes for both of you guys and others who are the 'old timers' here. You know who you are, SJ, LW, TSS, Phx62 and more. I am amazed at the willingness level and knowledge you all share. It is a game changer for sure.
  • #54,791
  • Mar 10, 2015 4:44pm Mar 10, 2015 4:44pm
Quoting redcloudxlll
Looking at the weekly chart. I have caught the entire move so far on EJ, Goal 128.00 If it breaks 125 after that, 115 will be the next target!! {image}
Hi Red.

Sorry if i'm bothering you. I have been looking round FF to get some indicators on your chart but I have failed to get them exactly. Could you please post the indicators on the chart displayed?

Thanks much in advance.

...Ben...
  • #54,792
  • Mar 10, 2015 5:24pm Mar 10, 2015 5:24pm
Quoting rupasi
{quote} I completely agree, and that goes for both of you guys and others who are the 'old timers' here. You know who you are, SJ, LW, TSS, Phx62 and more. I am amazed at the willingness level and knowledge you all share. It is a game changer for sure.
I concur
  • #54,793
  • Mar 10, 2015 7:43pm Mar 10, 2015 7:43pm
Quoting nods80
Small bags of counter trend usdcad and usdjpy hit tp before NYO {image} {image}
perfect shoots nods, here and there they all addss up I like the way u trade , simple , clean and delivered
I Have Learned to Take Some Losses to Make Profits
  • #54,794
  • Mar 10, 2015 8:08pm Mar 10, 2015 8:08pm
Quoting emmanuel7788
{quote} it just broke the Weekly range on D1. keep selling every small rally till the market decides where the bottom. we are in what some call ... very depressed market condition. {image} do you believe the TDI hit level 10?
Thanks Emmanuel, I want to add more position to it but don't know where to begin. I feel like right now would be best after the little retrace.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #54,795
  • Edited Mar 11, 2015 8:18am Mar 10, 2015 9:41pm | Edited Mar 11, 2015 8:18am
Quoting Vladbold
Sharing trades this week so far. Didn't take anything yesterday due to big day at work. Today : One loss (-30 on G/a, not sharing cause i was retarded). And these 2 wins, + 50 each, E/a and G/J. {image} {image}
I'm happy when I see more and more trader can make profitable from TMS...

Let make our family grown up

Congrats!!!
  • #54,796
  • Mar 10, 2015 11:28pm Mar 10, 2015 11:28pm
Quoting emmanuel7788
EURUSD - when will it hit parity? Last night after a long day of trading workshop discussions, at dinner time, a group of traders talked about EU whether and when it will hit parity, and of course what will be the impact, etc. Anybody's guess but we should sell and hold on to as long as possible and let the market decide. I see a Monthly Inside Bar breakout happening. {image}
I always look at the USDOLLAR index which is 1/EU and it just keeps going up. Until I see clear trend reversal in that index I will not change direction on the EU, no matter what price milestones will be hit.
Best regards, Zef
  • #54,797
  • Edited Mar 11, 2015 12:12am Mar 10, 2015 11:59pm | Edited Mar 11, 2015 12:12am
I really appreciate the comments, kind words and support shown by each and every member of TMS thread. I believe this thread is and will be a stepping stone in our trading journey. We all will learn many more things about forex along the way but this is the thread that will/can put that patience, confidence and attitude that yes it is possible, No matter what, I'll make it in trading. Stay positive, keep it simple and you'll get through.

I'm trying to give back as much as I can.

My EA H1 Sell Trade (LO Session 10-03-2015)

As I was talking about the early entry on trades in my post#54,735 here , Luckily this trade happened to be one of early entry sell trade.

EA Pre LO session Planning
Attached Image (click to enlarge)
Click to Enlarge Name: EA 100315 LO Session Pre planning.png Size: 233 KB


You have to be patient with your trades, see how PA teases us and wanted to take our money
Attached Image (click to enlarge)
Click to Enlarge Name: EA 10 hrs of prev day 127fib testing.png Size: 204 KB


EA trade on H1
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 Sell Trade entry explained 100315.png Size: 241 KB


Early Entry on M30 for EA sell
Attached Image (click to enlarge)
Click to Enlarge Name: EA M30 early sell trade explained 100315.png Size: 237 KB


Profit Target and Trade management
Attached Image (click to enlarge)
Click to Enlarge Name: EA CM used for PT Trade closed.png Size: 250 KB


Why Early entry is not recommended for very new members of TMS thread ?
Attached Image (click to enlarge)
Click to Enlarge Name: Why early entry is not recommended for new members.png Size: 226 KB


Kindest Regards
  • #54,798
  • Mar 11, 2015 12:29am Mar 11, 2015 12:29am
What does LO and FO mean.
  • #54,799
  • Mar 11, 2015 12:31am Mar 11, 2015 12:31am
Quoting Pervis
{quote} I'm happy when I see more and more trader can make profitable from TMS... Let make our family ground up Congrats!!!
Thank you!

It really means a lot coming from traders that consistantly take money out of the market. I hope to achieve the level where i can take good trades day - in and day - out, not only once every week.
  • #54,800
  • Mar 11, 2015 12:39am Mar 11, 2015 12:39am
Quoting justlearning
What does LO and FO mean.
LO= London Open
FO= Frankfurt Open
NY= Newyork Open

Kindest Regards
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