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Trading Made Simple

  • #56,541
  • May 6, 2015 5:44am May 6, 2015 5:44am
Quoting TheScorpS
{quote}I had short bias on EA and since news was due, it was only finding a plan, based on structure I added my pending order way above than potentially price could reach without a news spike, so I was waiting an outside bar to get me in the trade , which happened, based on double triple tops and trendline forming, I didn't expect price to push above those resistance levels at least at this stage {image}
Now i got rational behind your move. thnx a lot. Man! I still have to learn a lot from u guys!!!

Regards,
Winners Never Quit, Quitters Never Win
  • #56,542
  • May 6, 2015 6:13am May 6, 2015 6:13am
Waited for the NEWS to settle in ... Set the L of the day and entered on the reversal ...
Added position after 45+ and as the Blue candle did not have lower wick ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 45 KB
  • #56,543
  • May 6, 2015 6:23am May 6, 2015 6:23am
Quoting emmanuel7788
{quote} What are A+++ setups? They are high probability trade setups seen with these 10 things on our charts. Price Action Trend Multi-Time Frame Momentum Support and Resistance Continuation Volatility Market Strength Range Timing
thanks I'll keep that in mind!
  • #56,544
  • May 6, 2015 6:28am May 6, 2015 6:28am
Quoting mokuro89
{quote} You are not the only one, I've made many mistakes this week and experiencing drawndown of amost 20% look at this one! {image} Im literally staying in the bad ones and closing the good ones Backing to demo account to build more confidence, im lacking in Patience and not sure what else, hope I discover soon
http://www.forexfactory.com/attachme...1&d=1430906243

I look at your chart and I see that you do not have a clear exit strategy despite that you have a good entry and the PAC.
I think you should review what your trade entry and exit strategy is and also what money management strategy to go along with.
You need to have discipline and to follow your entry and exit rules. If you have fear, then study money management and use that help you overcome your fear of losing money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,545
  • May 6, 2015 6:32am May 6, 2015 6:32am
Quoting jeank
Hi all, Emmanuel77 please show an exemple with achart and details these 10 things on the chart.
Here JeanK,

My EURAUD trade. This trade took a bot more time but it finally work our.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 6May M15 trade entry FO.png Size: 73 KB


Do you see these?
Price Action
Trend
Multi-Time Frame
Momentum
Support and Resistance
Continuation
Volatility
Market Strength
Range
Timing
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,546
  • May 6, 2015 6:48am May 6, 2015 6:48am
Quoting arize
{quote} Hi emmanuel Nice trade but isn't it risky to sell nearby structure? were there other factors you considered that will help break the support (ie News, Fast price movement?) {image}
Hi arize,

That is not 'structure' on M15... just market noise when liquidity is low.

Big Picture is important to see what market structure really is.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD D1 WRB week 19.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,547
  • May 6, 2015 6:53am May 6, 2015 6:53am
Quoting adikashyap
Waited for the NEWS to settle in ... Set the L of the day and entered on the reversal ... Added position after 45+ and as the Blue candle did not have lower wick ... {image}
Hi adikashyap! So your first entry was before the tdi cross? I entered in this on second blue candle when tdi crossed, but now it's pulling back!
Attached Image
Winners Never Quit, Quitters Never Win
  • #56,548
  • May 6, 2015 6:58am May 6, 2015 6:58am
Quoting emmanuel7788
{quote} Hi arize, That is not 'structure' on M15... just market noise when liquidity is low. Big Picture is important to see what market structure really is. regards, {image}
Ok noted sir thanks for pointing out
  • #56,549
  • May 6, 2015 7:21am May 6, 2015 7:21am
[quote=emmanuel7788;8246231]
Quoting Next4467
{quote} Hi Next, You can use CM to set different exits at defined number of pips after you placed one single entry order. CM will only move the SL for the remaining open order but not individually for the different batch exits. Two important things to know: 1) when we run CM in our trading PC, we must make sure the PC is running when we have open trades manage by CM. 2) we must not change the chart timeframe when we have open trades manage by CM. regards,
Thank you emmanuel
  • #56,550
  • May 6, 2015 7:30am May 6, 2015 7:30am
news effect .............
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 38 KB
  • #56,551
  • May 6, 2015 7:50am May 6, 2015 7:50am
Nice trades everyone!!

On Monday I made +380 pips on H4 with three trades! And closed 1 position D1 for +105 pips.

Yesterday could not find good H4 trades, but closed some D1 positions for a profit of +317 pips.

Today still not H4 trades, can't find good entries, but closed some D1 positions for a profit of +151 pips.

Total for the week: 953 pips.

It is being an amazing week, entries are acording to my rules so I hope it is not luck and I could perform well the following days
Had to be me. Someone else might have gotten it wrong.
  • #56,552
  • May 6, 2015 8:01am May 6, 2015 8:01am
Quoting mordin
Nice trades everyone!! On Monday I made +380 pips on H4 with three trades! And closed 1 position D1 for +105 pips. Yesterday could not find good H4 trades, but closed some D1 positions for a profit of +317 pips. Today still not H4 trades, can't find good entries, but closed some D1 positions for a profit of +151 pips. Total for the week: 953 pips. It is being an amazing week, entries are acording to my rules so I hope it is not luck and I could perform well the following days


953 pips!!! That's amazing!!!
  • #56,553
  • May 6, 2015 8:25am May 6, 2015 8:25am
Quoting hsn100
{quote} Hi adikashyap! So your first entry was before the tdi cross? I entered in this on second blue candle when tdi crossed, but now it's pulling back!{image}
Yes. It was before the TDI cross ...
Learnt this London trading by Phx62 ....
If you read all his posts, you will realize how you can enter a trade after LO sets the H / L for the day ...
Normally, what I do is, once LO sets the H / L on 1H TF, go back to 15M, wait for the Price to clear and close above / below 10 ema and enter ...

Regards,
  • #56,554
  • May 6, 2015 8:28am May 6, 2015 8:28am
Post NEWS effect ... Hit TSL at 35+ pips ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 37 KB
  • #56,555
  • May 6, 2015 9:10am May 6, 2015 9:10am
Is there a chance to sleep tonight? ... Cnt complain though ...
Waited for retracement ... entered soon after the Blue candle cleared n closed above 200 EMA
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 37 KB
  • #56,556
  • May 6, 2015 9:27am May 6, 2015 9:27am
Quoting adikashyap
Is there a chance to sleep tonight? ... Cnt complain though ... Waited for retracement ... entered soon after the Blue candle cleared n closed above 200 EMA {image}
Those are killer trades AD, awesome way of trading
I Have Learned to Take Some Losses to Make Profits
  • #56,557
  • May 6, 2015 9:39am May 6, 2015 9:39am
Good enteries are everywhere, its about keep learning the same methodology , TDI and Price Action compined that with LO session trading, and you have an edge , but comes onyl with time, time and time again

For TMS traders that struggle , its normal at the start to have all the blocks in your way, thats how learning is done, learning comes in step by step, and each step takes its time, your job is clearing obstacles along the way, price clears many obstacles along the way but on a good trade, price reaches its destination and wins over at the end, this is you, you need to stay focus, learn, fail as much as your hair, do it again, learn from those failures, keep fighting another day, thats the winner recipe

You need to customize your mind to see the same thing happens everyday over a long period of times, I dont want to put a time limit but it takes a long road to reach the summit , even struggles in learning process with time and commitment reaches their goal , actually they reach their goal in a slow moves, but when they do nothing stops them, they can reach the top of spectrum

Good luck with your journey
I Have Learned to Take Some Losses to Make Profits
  • #56,558
  • May 6, 2015 9:41am May 6, 2015 9:41am
I took EA as well as other TMS traders , based on H1 divergence, as well as TDI red/green crossing over MBL and 50 line and a broken trend-line to the upside

Good for +50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EA_LO_Low_Div.jpg Size: 357 KB
I Have Learned to Take Some Losses to Make Profits
  • #56,559
  • May 6, 2015 9:47am May 6, 2015 9:47am
Quoting TheScorpS
I took EA as well as other TMS traders , based on H1 divergence, as well as TDI red/green crossing over MBL and 50 line and a broken trend-line to the upside Good for +50 pips {image}
Excellent TS nice trading
Sad i'm not trying to understand PA
  • #56,560
  • May 6, 2015 9:55am May 6, 2015 9:55am
Hi Everyone

Very new to trading and I'm not sure how you link the charts to MT4?

Any step by step help would be much appreciated
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