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Trading Made Simple

  • #57,901
  • Jun 15, 2015 12:24am Jun 15, 2015 12:24am
Long at break of FO . Valid entry ?
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  • #57,902
  • Jun 15, 2015 12:35am Jun 15, 2015 12:35am
Quoting tibovwh
Long at break of FO . Valid entry ? {image}
Definitely a valid entry according to TMS rules. FO formed the setup candle (1st blue candle). TDI green clearly crossed.

Careful on the Euro though. Its been fairly choppy lately.
Focus on the process and the profits will follow
  • #57,903
  • Jun 15, 2015 12:38am Jun 15, 2015 12:38am
Quoting Ballistical
{quote} Definitely a valid entry according to TMS rules. FO formed the setup candle (1st blue candle). TDI green clearly crossed. Careful on the Euro though. Its been fairly choppy lately.
Thank you for your reply. Indeed it hasn't followed through decisively. If the candle doesn't look any better at the close I will probably take a small loss on this position and move on.
  • #57,904
  • Jun 15, 2015 12:42am Jun 15, 2015 12:42am
Quoting tibovwh
{quote} Thank you for your reply. Indeed it hasn't followed through decisively. If the candle doesn't look any better at the close I will probably take a small loss on this position and move on.
Always a good idea to wait for the LO candle to close especially on a Monday after there has been EURO news over the weekend and there is EUR news at 8.30am. Keep an eye on what UJ and AU are doing
Trade safe
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,905
  • Jun 15, 2015 12:44am Jun 15, 2015 12:44am
Quoting Ballistical
{quote} Definitely a valid entry according to TMS rules. FO formed the setup candle (1st blue candle). TDI green clearly crossed. Careful on the Euro though. Its been fairly choppy lately.
yes, I see that same with that FO candle showing momentum and close above the 5EMA, TDI cross. That PA+TDI+5EMA
resistance is 50 pips away and there is weekend gap to fill.

This current H4 candle will close GMT0900. .... hmmmmm
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,906
  • Jun 15, 2015 12:54am Jun 15, 2015 12:54am
Am I correct when I say that it looks like a candle shows significantly more movement during first 15m after open and last 15m before close? Is there any specific reason behind this?

best,
  • #57,907
  • Jun 15, 2015 1:13am Jun 15, 2015 1:13am
Quoting Ballistical
2015 Week 24 - Trade Summary: 4 trades in total: - 0 Wins - 0 BE - 4 Losses After a few weeks of poor performance, things went from bad to worse last week. I suffered my worst week of trading this method, with four consecutive losses sending my account deeper into drawdown. This was partly down to me veering from my plan, and partly down to some unusual movement seen in this pair over the past few days. A few people have mentioned the holiday weeks with reduced liquidity and choppiness. I'll need to look at my trade plan carefully as my performance...
Hi Ballistical
Yep EA was "as mad as a box of frogs" last week I'm sure you'll be picking up green pips this week
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,908
  • Jun 15, 2015 3:36am Jun 15, 2015 3:36am
GU trade but CM closed the position after 39pips and didn't move to BE.

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Winners Never Quit, Quitters Never Win
  • #57,909
  • Jun 15, 2015 4:05am Jun 15, 2015 4:05am
Quoting hsn100
GU trade but CM closed the position after 39pips and didn't move to BE. {image}
that depends on your CM parameters.
next time make screen shot when CM is running.
this way, your CM parameters will be shown on the chart with open trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,910
  • Jun 15, 2015 4:15am Jun 15, 2015 4:15am
Quoting emmanuel7788
{quote} that depends on your CM parameters. next time make screen shot when CM is running. this way, your CM parameters will be shown on the chart with open trade.
Here's live trade, EA going short
Regards,

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Winners Never Quit, Quitters Never Win
  • #57,911
  • Jun 15, 2015 5:15am Jun 15, 2015 5:15am
Hello everybody,

I am new in this thread and just trying this system on demo account. Could catch +4.4 pips on EUR/JPY at NY open, H1 chart. Any comments will be most appreciated.
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  • #57,912
  • Edited 5:31am Jun 15, 2015 5:17am | Edited 5:31am
GA H1 +160 (+15 +25 +50 +70)
Wanted to enter at break of BRN (2.010) but my PC decided to reboot itself . As I had a plan I stuck with it even though the entry was a bit late.
CM managed all 4 positions, set and forget. Last TP set for Friday's low (if I had been at my PC and seen AU heading north I would have moved the last TP to the 200ema)
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Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,913
  • Jun 15, 2015 5:19am Jun 15, 2015 5:19am
Another example, EUR/USD at LO. +13.5 pips.
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  • #57,914
  • Jun 15, 2015 5:55am Jun 15, 2015 5:55am
Quoting Lookleft
GA H1 +160 (+15 +25 +50 +70) Wanted to enter at break of BRN (2.010) but my PC decided to reboot itself . As I had a plan I stuck with it even though the entry was a bit late. CM managed all 4 positions, set and forget. Last TP set for Friday's low (if I had been at my PC and seen AU heading north I would have moved the last TP to the 200ema) {image}
Still a great trade there! I got in and out on minor pullback in beginning of move (kicking myself).. Really need to have more confidence

EUR NZD 1H Trade

GBP NZD 4H Trade

best,
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  • #57,915
  • Jun 15, 2015 7:06am Jun 15, 2015 7:06am
EA H1 +130 (+20 +30 +50 +30)
Entered on close of 2nd APB outside PAC
CM managed all 4 positions. TP4 missed by 2 pips but I had already locked in profits at +30 due to Euro Bank guy talking which was taken out on a big pullback.
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Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,916
  • Jun 15, 2015 7:36am Jun 15, 2015 7:36am
Quoting Lookleft
EA H1 +130 (+20 +30 +50 +30) Entered on close of 2nd APB outside PAC CM managed all 4 positions. TP4 missed by 2 pips but I had already locked in profits at +30 due to Euro Bank guy talking which was taken out on a big pullback. {image}
Those are very good trades , from entry to exits, all by the rules of TMS , EA was right but I could not take it as my plan was not there , only then I saw that the conditions were right
I Have Learned to Take Some Losses to Make Profits
  • #57,917
  • Jun 15, 2015 7:43am Jun 15, 2015 7:43am
Quoting Lookleft
{quote} Hi Ballistical Yep EA was "as mad as a box of frogs" last week I'm sure you'll be picking up green pips this week
Thanks LL,

Some very nice catches from you today. Keep it up!
Focus on the process and the profits will follow
  • #57,918
  • Jun 15, 2015 7:54am Jun 15, 2015 7:54am
Hi,
Can one of the experts let me know if this is a valid entry? I am +7 pips now, yet to figure PA, APB etc.
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  • #57,919
  • Jun 15, 2015 7:55am Jun 15, 2015 7:55am
Quoting TheScorpS
{quote} Those are very good trades , from entry to exits, all by the rules of TMS , EA was right but I could not take it as my plan was not there , only then I saw that the conditions were right
Thanks a lot TSS much appreciated
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,920
  • Jun 15, 2015 7:59am Jun 15, 2015 7:59am
Quoting Ballistical
{quote} Thanks LL, Some very nice catches from you today. Keep it up!
Thanks Ballistical. Hoping that EA behaves itself this week.
Never argue with a fool; onlookers may not be able to tell the difference.
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