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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #58,221
  • Jun 23, 2015 7:42am Jun 23, 2015 7:42am
Quoting emmanuel7788
{quote} Hi, This is not a H1 trade. This is a 4H swing trading with ME/ME strategy. Read post#58,123 regards,
Hello Emmanuel, how is the trade coming along ?, Have you added more positions in the retracement ?.
  • #58,222
  • Jun 23, 2015 9:17am Jun 23, 2015 9:17am
Two lost trades.



First one is AUDUSD and the second is EURCHF. I went long but price came back in the opposite direction after going up for 10 pips.

Any comments would be really appreciated?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 19 KB
Click to Enlarge Name: Image2.png Size: 16 KB
  • #58,223
  • Jun 23, 2015 10:01am Jun 23, 2015 10:01am
Hi HSN,

I am reading up on the thread and have been getting a bit better every week in part because of longer SL; here is some Big E knowledge for your situation:

Regards,

D

Quoting eelfranz
I went back to page 202 where I introduced the 5 method and the 21/233 method and read forward. I have made a lot of live trades since that time and I find it interesting how I started out sharing a very conseravitive 5 method to how I now trade the more aggressive way I do. What I discovered was that I gained many pips and yet I didn't increase my losses so why not be more aggressive... I know a lot of you are afraid to trade the 4hr charts...why?... cuz someone sold you a bag of crap about your S/L being to far away... 50-80 pips, etc. In your...
  • #58,224
  • Jun 23, 2015 10:55am Jun 23, 2015 10:55am
I messed it up real good today , lack of patience and belief , +6 from 3 trades .
Attached Image (click to enlarge)
Click to Enlarge Name: GU 23 6.png Size: 51 KB
  • #58,225
  • Jun 23, 2015 11:10am Jun 23, 2015 11:10am
Quoting macajos
{quote} I love the simplicity of your charts. can you share the template or the indicators. I also use TDI but yours is simple.
All my indicators are from the indicators list at the top of this page.
  • #58,226
  • Jun 23, 2015 11:17am Jun 23, 2015 11:17am
GBPAUD H1 +135 (+25 +50 +60)
Entered after price broke below local S/R. CM managed trade with 50% taken @ TP1, 25% taken @ TP2 and the rest left to run with TP3 set just above the 200ema. Closed final position manually as price was caught on YL and the driver (AUSUSD) had started to reverse.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,227
  • Jun 23, 2015 11:18am Jun 23, 2015 11:18am
Hello All , i think one think: that i aspected (today ) a more volatily-trendly days . Ok , no problem , there will be more of dream-days.
@Emmanule 7788 , thanks a lot for the job (Pdf of multi entries) .. i studied it yesterday night but google-trasletor take me some problem (is easier read in english that english traslator) : thank for all.
  • #58,228
  • Jun 23, 2015 12:11pm Jun 23, 2015 12:11pm
Quoting Lookleft
GBPAUD H1 +135 (+25 +50 +60) Entered after price broke below local S/R. CM managed trade with 50% taken @ TP1, 25% taken @ TP2 and the rest left to run with TP3 set just above the 200ema. Closed final position manually as price was caught on YL and the driver (AUSUSD) had started to reverse. {image}
Nice one Lookleft, about your CM how are you doing the % of TP on TP1/2/3? what % of your order goes in each TP?
Thanks
  • #58,229
  • Jun 23, 2015 12:45pm Jun 23, 2015 12:45pm
Quoting mokuro89
{quote} Nice one Lookleft, about your CM how are you doing the % of TP on TP1/2/3? what % of your order goes in each TP? Thanks
Hi,
If you mean what % was taken for each TP its was TP1@50%, TP2@25%, TP3@25%. Note that I vary the % depending on trading conditions. Because today had some strange market moves I reduced my risk by taking the 50% at TP1
Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,230
  • Jun 23, 2015 1:24pm Jun 23, 2015 1:24pm
Quoting Lookleft
{quote} Hi, If you mean what % was taken for each TP its was TP1@50%, TP2@25%, TP3@25%. Note that I vary the % depending on trading conditions. Because today had some strange market moves I reduced my risk by taking the 50% at TP1
Hi LT,

I wanted to take this trade but was not confident enough because by the time H1 candle closed price has retraced. Did you enter after the H1 candle closed or did you look at the lower time frame for an entry?

Rabhni
  • #58,231
  • Jun 23, 2015 1:25pm Jun 23, 2015 1:25pm
Quoting Dimi.A
{quote} Thanks mate! This is the most solid and safest strategy i've used. I've tried a lot of strategies in the past but they aren't as easily profitable as this one! Btw, are you all still using the Stoch 8, 3, 3 on your charts? Or just the new TDI now?
Hi!

Someone may have answered this already but no, we aren't using the stoch.
  • #58,232
  • Edited Jun 24, 2015 5:10am Jun 23, 2015 3:13pm | Edited Jun 24, 2015 5:10am
This is how my first two yellow line and TDI trades from this morning end up.

Made 42.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCADHtue.png Size: 63 KB
Click to Enlarge Name: GBPJPYHtue.png Size: 67 KB
  • #58,233
  • Jun 23, 2015 4:46pm Jun 23, 2015 4:46pm
Quoting rabhni
{quote} Hi LT, I wanted to take this trade but was not confident enough because by the time H1 candle closed price has retraced. Did you enter after the H1 candle closed or did you look at the lower time frame for an entry? Rabhni
Hi Rabhni,
I actually entered before the H1 APB closed but actually entered on the close of the M5 APB once price had broken below the local H1 S/R. I also knew there was going to be good momentum as AUDUSD had broken north so would push GBPAUD down. AUDUSD had been driving GBPAUD all day.
It is always worth checking M15 if you see an H1 trade running but price seems to slow. Look at EA, EU and EJ around LO on the M15 and there was entries on all three.
You did right by TMS H1 trading rules by not entering the trade at the close of the H1 APB as this would have been 'chasing the big candle' which can end in tears.
Stick to the basic entry rules, don't over complicate things and just aim for 20 - 30 pips a trade and you'll soon gain your confidence.
Hope this helps
Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,234
  • Jun 23, 2015 7:49pm Jun 23, 2015 7:49pm
Quoting rupasi
{quote} Hi! Someone may have answered this already but no, we aren't using the stoch.
Thanks man
  • #58,235
  • Jun 23, 2015 9:14pm Jun 23, 2015 9:14pm
Quoting elfanta
{quote} Hello Emmanuel, how is the trade coming along ?, Have you added more positions in the retracement ?.

Hi,

Sorry, I was on a house call till late yesterday and no time to post. Have quite a number of PMs in backlog, so please be patient with me.

Yes, the 4H swing trade plan is still running. Monday took one profit +95pips. Now with 4 open buy positions in the current retracement. Risk per position is 0.2%, so adds up to 0.8% total now.
Yesterday we saw Aussie recovery with quite good strength so today we need to see how market reacts.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,236
  • Jun 23, 2015 9:18pm Jun 23, 2015 9:18pm
Quoting dreammore
{quote} Hi emmanuel7788, i have attached the chart as requested. {image}

Hi,

thanks for the chart. I cannot see where your exact trade entry and exit.
this may help you:

How to show trades from your MT4 Teminal Account History on your chart. Post#52,163
Inserted Video


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,237
  • Jun 23, 2015 9:23pm Jun 23, 2015 9:23pm
Quoting hsn100
Hi emmanuel7788! Today i went short GU and lost -37pips (tight SL, my fault). I thought that on D-chart it's forming bearish ABCD pattern and so the PA will go down on H4 as well. Should i watch PA of weekly chart while trading H4 and ignore the D chart? Need your analysis? Am i wrong? Though not pure tms question, but just trying to learn PA, as i have one naked candle chart besides tms template chart for every currency pair that i'm trading. thnx for your time. Regards, {image}

Hi,

I don't look for ABCD harmonic wave pattern until I have done my Big Picture Plan and know where the historical price swing levels are. Knowing the historical price swings is more important and must be given more weight when we trade higher TF like D1 chart. Beware of short term corrections in a big wave.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,238
  • Jun 24, 2015 12:19am Jun 24, 2015 12:19am
Quoting emmanuel7788
{quote} Hi, thanks for the chart. I cannot see where your exact trade entry and exit. this may help you: How to show trades from your MT4 Teminal Account History on your chart. Post#52,163 https://www.youtube.com/watch?v=jNHD...layer_embedded regards,
I need some time to figure it out. My entry was 1.13237 and SL was 1.14028. I have a pending order as shown below.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 40 KB
  • #58,239
  • Jun 24, 2015 12:25am Jun 24, 2015 12:25am
Quoting Lookleft
{quote} Hi Rabhni, I actually entered before the H1 APB closed but actually entered on the close of the M5 APB once price had broken below the local H1 S/R. I also knew there was going to be good momentum as AUDUSD had broken north so would push GBPAUD down. AUDUSD had been driving GBPAUD all day. It is always worth checking M15 if you see an H1 trade running but price seems to slow. Look at EA, EU and EJ around LO on the M15 and there was entries on all three. You did right by TMS H1 trading rules by not entering the trade at the close of the...

Thank you LT. Can you please look at my post# 58225 and give me your comments as I lost both trades?
  • #58,240
  • Jun 24, 2015 3:02am Jun 24, 2015 3:02am
Hi emmanuel/anyone

I just wanted to ask about the Caveman EA.

I was wanting you use the trailing stop of the high/low of the last candle + 5 pips. I tried it on the daily chart but it didn't seem to use the high/low of the last day!

Can anyone tell me if it should use whichever chart time frame it is applied to?

many thanks

TM
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