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Trading Made Simple

  • #57,701
  • Jun 8, 2015 4:27pm Jun 8, 2015 4:27pm
One question, Please:

Please, can somebody tell me, where Big E. is? Why he dont visit his thread again...

Thank you!

D.
  • #57,702
  • Jun 8, 2015 5:23pm Jun 8, 2015 5:23pm
What is the rule of trading. When it is obvious that a correction is underway do you ever reverse, say from short to long.
  • #57,703
  • Jun 8, 2015 6:59pm Jun 8, 2015 6:59pm
Quoting Draffi
One question, Please: Please, can somebody tell me, where Big E. is? Why he dont visit his thread again... Thank you! D.
He passed away.
  • #57,704
  • Jun 8, 2015 7:11pm Jun 8, 2015 7:11pm
Quoting Draffi
One question, Please: Please, can somebody tell me, where Big E. is? Why he dont visit his thread again... Thank you! D.
big e died a while back draffi
  • #57,705
  • Jun 8, 2015 7:43pm Jun 8, 2015 7:43pm
Quoting Lookleft
EURAUD h1 +160 (+30+60+70) {image} EURUSD h1 +150 (+30+60+60) {image} EURJPY h1 +80 (+30+50) {image}
Those are amazing trades , and execution

Is CM managing 3 lots here and exiting each at predetermined pips before opening the trade ?
I Have Learned to Take Some Losses to Make Profits
  • #57,706
  • Jun 8, 2015 8:31pm Jun 8, 2015 8:31pm
hi trader i need indicator for daily and weekly and monthly open line
  • #57,707
  • Jun 8, 2015 9:29pm Jun 8, 2015 9:29pm
Quoting Brockenstein
Do any of you use this system on longer timeframes (D1)?
Yes. It is the most profitable timeframe when you know how to play the money management game in this market.

I trade all 3 different timeframes - H1, H4 and D1, using the same one Big Picture Plan.

Think of what Triple Screen trading technique -
- 1st screen for the Trend or market type determination,
- 2nd screen will be for looking for trade setups and
- 3rd screen for Timing your market entries.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 24 D1 chart trading.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,708
  • Jun 8, 2015 9:32pm Jun 8, 2015 9:32pm
Quoting emmanuel7788
{quote} Yes. It is the most profitable timeframe when you know how to play the money management game in this market. I trade all 3 different timeframes - H1, H4 and D1, using the same one Big Picture Plan. Think of what Triple Screen trading technique - - 1st screen for the Trend or market type determination, - 2nd screen will be for looking for trade setups and - 3rd screen for Timing your market entries.
To be fair, D1 timeframe allows better entry, bigger reward albeit with bigger DD.

As for shorter timeframe, it is quick in and quick out. Lilika did pretty well in 30m. I guess at the end of the day, all timeframe works pretty well
  • #57,709
  • Jun 9, 2015 1:31am Jun 9, 2015 1:31am
Quoting TheScorpS
{quote} Those are amazing trades , and execution Is CM managing 3 lots here and exiting each at predetermined pips before opening the trade ?
Thanks a lot TS.
Yes I used CM for trade management. I use the first position (usually +30) to reduce risk. In the case of EA and EU the price did not make my third target so I closed the last positions manually. I tend you use the 3 lot method for what I call possible "runners" and a 2 lot method for tighter trades. Makes for stress free trading once CM moves the S/L to BE at +30. If I'm going to be away from my PC for a long time I'll sometimes use a 30 pip TSL otherwise I just move the S/L to lock in profits every now and then.
As luck would have it price continued but as London had closed and I had family stuff to do I closed EA and EU
cheers
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,710
  • Jun 9, 2015 1:37am Jun 9, 2015 1:37am
What all a chart ... what all the candles convey ...
Why we have to have less indi on our charts ... for the candles to talk to us ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 35 KB
  • #57,711
  • Jun 9, 2015 1:43am Jun 9, 2015 1:43am
Quoting Lookleft
{quote} Thanks a lot TS. Yes I used CM for trade management. I use the first position (usually +30) to reduce risk. In the case of EA and EU the price did not make my third target so I closed the last positions manually. I tend you use the 3 lot method for what I call possible "runners" and a 2 lot method for tighter trades. Makes for stress free trading once CM moves the S/L to BE at +30. If I'm going to be away from my PC for a long time I'll sometimes use a 30 pip TSL otherwise I just move the S/L to lock in profits every now and then. As luck...
Thanks, I still have to practice on using CM , never used the whole time being here in TMS, but liked it
I Have Learned to Take Some Losses to Make Profits
  • #57,712
  • Jun 9, 2015 1:45am Jun 9, 2015 1:45am
Quoting faust91
{quote} Hi adikashyap, i`m a new trader here but i watch closely all your trades.. very helpful.. Can you explain me your entry position on begining of that 1h (14:00) candle on GU? I understand TDI cross, bit i didn`t see breakout pattern that you probably have.. I ask because I would probably enter on that next candle and made a mistake, sorry for my english.
Hi.
On friday, GU had printed a WRB on 4H ...
WRB rule says that once a WRB is printed on a TF, you should not trade in that TF, till the time the WRB is cleared in either the direction.
You have to go to STF and trade there keeping the HTF WRB H / L as R and S ...
So, as soon as GU pulled back from the L of 4H WRB on 1H, I entered Long keeping 4H WRB H as target ...
Hope it helps ...
  • #57,713
  • Jun 9, 2015 2:07am Jun 9, 2015 2:07am
Quoting brath
{quote} big e died a while back draffi
WOOSHH !!!.....

R.I.P Big E.

Thank you for the answer.
  • #57,714
  • Jun 9, 2015 2:18am Jun 9, 2015 2:18am
Quoting adikashyap
{quote} Hi. On friday, GU had printed a WRB on 4H ... WRB rule says that once a WRB is printed on a TF, you should not trade in that TF, till the time the WRB is cleared in either the direction. You have to go to STF and trade there keeping the HTF WRB H / L as R and S ... So, as soon as GU pulled back from the L of 4H WRB on 1H, I entered Long keeping 4H WRB H as target ... Hope it helps ...
Thx man, recognizing and using S&R levels so easy.. beautiful..
thank you for response.
  • #57,715
  • Jun 9, 2015 2:25am Jun 9, 2015 2:25am
Quoting adikashyap
{quote} Hi. On friday, GU had printed a WRB on 4H ... WRB rule says that once a WRB is printed on a TF, you should not trade in that TF, till the time the WRB is cleared in either the direction. You have to go to STF and trade there keeping the HTF WRB H / L as R and S ... So, as soon as GU pulled back from the L of 4H WRB on 1H, I entered Long keeping 4H WRB H as target ... Hope it helps ...

That D1 WRB still in play until we see a breakout of the Day range set by that D1 WRB high-Low. WRB is one way how we see 'big candle' and use that to define what the market type is. The market type is sideways wide range, so it is for now, it is only H4 and H1 trading.
When we trade the higher T chart for example D1 chart, we do not get so many trade opportunities like in lower TF H1 and M15. But we know when to stay away from those TDI cross setups when market is sideways.

Post#67,632
http://www.forexfactory.com/showthre...98#post8307598

On H1, the FO candle is s good setup DBHLC with that FO candle being the BEOB .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,716
  • Jun 9, 2015 2:43am Jun 9, 2015 2:43am
i just dont get it...
what makes it go down
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB


can somebody be so kind to explain this?
Take What You Can , Give Nothing Back
  • #57,717
  • Jun 9, 2015 2:53am Jun 9, 2015 2:53am
Quoting Donquixote
i just dont get it... what makes it go down {image} can somebody be so kind to explain this?

Im no expert as only been around for a few months but baby pips is a great course!

IMO put simply..... green TDi crosses red line quite steeply and above the 68 line so good entry - in terms of MM and candle style etc then Im sure there are better here!

I just keep it simple
  • #57,718
  • Jun 9, 2015 3:02am Jun 9, 2015 3:02am
Quoting Donquixote
i just dont get it... what makes it go down {image} can somebody be so kind to explain this?
well, only buyers and sellers move the market.
when we sellers overcome the buyers, we see the price move down.

but we are trading the 5-Method.
we look at the PA all the time.
when we see the TDI cross down, that confirms the PA.
when we see a price bar/APB close below the 5EMA, Typical price, Shift+3, that is our 5-method Setup candle.

that is the simplicty of the 5-Method but learning the PA is the biggest challenge for most traders here.\

and remember what Big E said many times: '''..PA always returns to previous hi and lo...''

http://www.forexfactory.com/showthre...99#post4666699
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,719
  • Jun 9, 2015 3:17am Jun 9, 2015 3:17am
Quoting Donquixote
i just dont get it... what makes it go down {image} can somebody be so kind to explain this?
If only one or two big players want some risk of before the GDP, then it will go down.

I was reading Mark Douglas yesterday and it reminded me again that we rly needn't know the 'why'

Best,
  • #57,720
  • Jun 9, 2015 3:24am Jun 9, 2015 3:24am
I have been quite profitable in some weeks

but ultimately I just have to declare to date,

I have the most "fabulous" drawdown season

of my entire trading journey.
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