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Trading Made Simple

  • #58,161
  • Edited 10:44am Jun 22, 2015 9:17am | Edited 10:44am
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Hi all .. i took now my entry in Eur/Aud (for me is a good set-up) .
Sorry if are not standard Entry/SL , i try to take this metody and take it for my psycological trading.
Anyone had a good set up for Eur/Aud ?
Gl all.

EDIT :
I moved SL to BE , the Price is on ADRhigh and around Prev Weekly High so.. for today i don't take other entries.
Tonight i must study the Pdf of Emmanule , for multiple entries and Money Managment (thanks a lot for it).
GL. Luca
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  • #58,162
  • Jun 22, 2015 9:38am Jun 22, 2015 9:38am
Hi CM users, do anyone had any problem with switching the TF while CM is managing an open order?
This is the second time I got a position closed and not sure why, configs seems ok, both time I changed to higher TF just to see the PA there, does anyone got this problem?
  • #58,163
  • Jun 22, 2015 9:52am Jun 22, 2015 9:52am
Quoting emmanuel7788
Trade Plan week 26: EURAUD 4H Swing Trading with Multiple Entries / Multiple Exits. Market type : Sideways Ranging. Weekly WRB with potential breakout of the WRB high. {image} For those interested to learn and follow, please post your questions and only trade on demo as forward testing. regards,
I missed the initial entry. I didn't get what you meant in some parts. I now see your comments on your entry, this is a sideways wide market, so, we can trade it. And this is a 4H trade, but you took the entry in the 1H chart. So, I didn't take the trade, but I'll be watching really close to see how you handle it. I'll take the next one since I now know what you're doing(unless there's another way to get in this trade in a retracement maybe ?).

Cheers dude, and thank you.
  • #58,164
  • Jun 22, 2015 10:39am Jun 22, 2015 10:39am
Quoting mokuro89
Hi CM users, do anyone had any problem with switching the TF while CM is managing an open order? This is the second time I got a position closed and not sure why, configs seems ok, both time I changed to higher TF just to see the PA there, does anyone got this problem?
Hi mokuro, when using CM don't ever change the TF or it'll bug out like what you said above

Use another broker's platform if you want to view multiple TF for the pair you like, once a trade is going
  • #58,165
  • Jun 22, 2015 10:43am Jun 22, 2015 10:43am
EURAUD Long Entry +59pips
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  • #58,166
  • Jun 22, 2015 10:46am Jun 22, 2015 10:46am
Quoting redfan
{quote} This is what the signal was like on the 30 minute chart. {image}

Just got back home, I have miss this signal
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  • #58,167
  • Jun 22, 2015 11:07am Jun 22, 2015 11:07am
An up and down sort of day
EURAUD H1 +120
1st Trade +30
2nd Trade +90 (+30 +60)
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EURUSD H1 +60
1st Trade +30
2nd Trade +30
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Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,168
  • Jun 22, 2015 11:17am Jun 22, 2015 11:17am
Quoting arize
{quote} Hi mokuro, when using CM don't ever change the TF or it'll bug out like what you said above Use another broker's platform if you want to view multiple TF for the pair you like, once a trade is going
There is no need to use another platform. You can have as many different TF charts for a pair open as you want. You can only have CM on one of those TF and do not change that charts TF. For instance you can set CM up on H1 open another M15 chart for the same pair and enter the trade via the M15. CM will manage the trade on the H1 chart. Just don't change TF for the chart that CM is running on.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,169
  • Jun 22, 2015 11:20am Jun 22, 2015 11:20am
Quoting Lookleft
An up and down sort of day EURAUD H1 +120 1st Trade +30 2nd Trade +90 (+30 +60) {image} EURUSD H1 +60 1st Trade +30 2nd Trade +30 {image}
Excellent trading LT
Sad i'm not trying to understand PA
  • #58,170
  • Jun 22, 2015 12:06pm Jun 22, 2015 12:06pm
Hi, would the experts stay on this one ??
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  • #58,171
  • Jun 22, 2015 12:16pm Jun 22, 2015 12:16pm
Quoting arize
{quote} Hi mokuro, when using CM don't ever change the TF or it'll bug out like what you said above Use another broker's platform if you want to view multiple TF for the pair you like, once a trade is going
Thanks arize for reply, not going change TF anymore when order is open
  • #58,172
  • Jun 22, 2015 12:42pm Jun 22, 2015 12:42pm
Last trades for today, EUR/JPY +2.5 pips. Daily total: +4.8

Mondays are usually difficult to trade, tomorrow more and better opportunities for shure, see u!
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  • #58,173
  • Jun 22, 2015 12:50pm Jun 22, 2015 12:50pm
Quoting emmanuel7788
{quote} Hi camron, We trade D1 charts with Multiple Entries / Multiple Exits using small positions. It is a combination using position building when there is retracement to get a better average entry price and to add more positions when my trades run into profits. It is knowing the market type whether it is trending or sideways ranging. Trending market is easy to manage ME/ME trades. But it is when the market is sideways, we need to identify whether the ranging is narrow or wide range. We learn to avoid narrow range market type. We identify historical...
Hi Emmanuel.. If you have time, can you please elaborate on why you took these trades last week and how you managed it.. To me it is cluttered and confusing..

Thanks
  • #58,174
  • Jun 22, 2015 12:56pm Jun 22, 2015 12:56pm
Quoting emmanuel7788
Trade Plan week 26: EURAUD 4H Swing Trading with Multiple Entries / Multiple Exits. Market type : Sideways Ranging. Weekly WRB with potential breakout of the WRB high. {image} For those interested to learn and follow, please post your questions and only trade on demo as forward testing. regards,
Hi emmanuel,

What exactly gives this pair potential for breakout? Is this based on what you see in the chart or based on your beliefs about Euro / Greece?

Best,
  • #58,175
  • Jun 22, 2015 12:59pm Jun 22, 2015 12:59pm
+50 using TMS H4
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  • #58,176
  • Jun 22, 2015 1:10pm Jun 22, 2015 1:10pm
Its great to see well thought out TA like this working in real time fx markets. It would be very helpful if posters would post their trades on entry so that the subsequent performance of the trade could be viewed rather than just to see a filtered selection of the ones that turned out right in the end. This way, even for those good trade enrties that later resulted in a loss, we could all learn more together by analyzing in why the particular trade did not pan out as anticipated. Thanks
  • #58,177
  • Jun 22, 2015 1:29pm Jun 22, 2015 1:29pm
Quoting Lookleft
An up and down sort of day EURAUD H1 +120 1st Trade +30 2nd Trade +90 (+30 +60) {image} EURUSD H1 +60 1st Trade +30 2nd Trade +30 {image}

I see a short trade on EU, would you take this if you had seen this?
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  • #58,178
  • Jun 22, 2015 1:51pm Jun 22, 2015 1:51pm
Quoting rabhni
{quote} I see a short trade on EU, would you take this if you had seen this? {image}
Hi Rabhni,

Personally i would not take a H1 trade from the chart you posted. My reasons are the following, i hope they offer some insight:

1. Market session, end of NY session, lower liquidity
2. All elements of TDI (red, green, yellow) are hovering around the 50 line. No clear direction is present.
3. 6 of the last 10 candles have wicks on both ends, choppiness/indecision
4. H4 shows a WRB, followed by and Inside bar, followed by a Doji . . . PA in undecided
5. Major EU/Greece conference scheduled all day/week . . . In TMS we don't trade fundamentals, but that doesn't mean we shouldn't be aware of them. Especially when they point to the sideline.

Happy trading,
N
  • #58,179
  • Jun 22, 2015 2:09pm Jun 22, 2015 2:09pm
Quoting Nik-Nyc
{quote} Hi Rabhni, Personally i would not take a H1 trade from the chart you posted. My reasons are the following, i hope they offer some insight: 1. Market session, end of NY session, lower liquidity 2. All elements of TDI (red, green, yellow) are hovering around the 50 line. No clear direction is present. 3. 6 of the last 10 candles have wicks on both ends, choppiness/indecision 4. H4 shows a WRB, followed by and Inside bar, followed by a Doji . . . PA in undecided 5. Major EU/Greece conference scheduled all day/week . . . In TMS we don't trade...
Thank you your input Nik.
  • #58,180
  • Jun 22, 2015 3:28pm Jun 22, 2015 3:28pm
AUDUSD M15 Scalp +16.8pips

My usual trading time frame is h1 (occasionally m30), however i decided to experiment in m15 given that Mondays are usually poor trading days for me. My logic was that looking for smaller moves would be more achievable. I also drastically reduced my position size and risk model for this experiment.

The following trade is not an A++ setup, but still a trade i was willing to take, and one that will probably fit into my M15 trading plan once it's complete.

Chart is marked up . . . any questions or comments are always welcome.

Happy trading,
N.

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