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Trading Made Simple

  • #58,261
  • Jun 24, 2015 12:21pm Jun 24, 2015 12:21pm
Quoting mkfx
Some more trade in NY GA - 40+ GCAD 50+ Ecad 30+ in LO and 30+ in NY Today was a very good day total 300 pips {image} {image} {image}
Lucky winner , congrats !Thats the good thing in posting these incredible good days. There will also bad days come .. then scroll back in this thread and remember how good days looks like . Good job man !Guido
Risiko birgt immer auch die Chance.
  • #58,262
  • Jun 24, 2015 2:30pm Jun 24, 2015 2:30pm
Quoting mkfx
GA 53+ LO made higher as expected and opened after reversal {image}
Nice catch MK!

As AV said, absolute TMS perfection there in synergy with H1 Price action!

Keep it up!
Focus on the process and the profits will follow
  • #58,263
  • Jun 24, 2015 2:39pm Jun 24, 2015 2:39pm
Quoting hishamzz
Two trades for the day :- EA (H1) {image} Big boss (D1) was bearish whereas the boss (H4) was bullish. Price had not closed below the PAC as such. Assumed bearish as price had tested 1.45 couple of times and had not managed to break through. TP was near the DO. Price had actually spike down and away (few pips away from TP) Cardinal rule of not trading towards DO was not adhered to. GU (M30) {image} Big boss (D1) was bearish as well as the boss (H4). Trade was taken after price closed below Prev. daily low. Target was ADR low which was reached...
Hishamzz,

Thanks for sharing! I took the same loss on EA this morning. However, I'm happy with the analysis... this one just didn't work out.

Colour change straight after LO and TDI green crossed over red following rejection from the 50 line. Trade was away from the 200EMA and in line with yesterdays strong downtrend. Also, London doesn't often behave this way... LO and LO+1 candles failed to set the high or low of the session which is very rare on this pair unless there's been a huge move in the Asian session forcing London to move sideways.

Don't beat yourself up. Hindsight is 20/20. IMO, your entry was a good TMS trade!

Ballistical
Focus on the process and the profits will follow
  • #58,264
  • Jun 24, 2015 6:11pm Jun 24, 2015 6:11pm
Quoting mkfx
Some more trade in NY GA - 40+ GCAD 50+ Ecad 30+ in LO and 30+ in NY Today was a very good day total 300 pips {image} {image} {image}
Excellent trading mkfx
Winners Never Quit, Quitters Never Win
  • #58,265
  • Jun 24, 2015 7:20pm Jun 24, 2015 7:20pm
[quote=Ballistical;8344778]{quote} Hishamzz, Thanks for sharing! I took the same loss on EA this morning. However, I'm happy with the analysis... this one just didn't work out. Colour change straight after LO and TDI green ....

Hi Ballistical,

I was in the same trade as Hishamzz and you. All looks good, But i broke my rule and enter the trade although MBL yellow was below the TDI cross. In this scenario price usually don't go to far. But because of News i thought it will produce some pips. Anyways there will be another setup around the corner

HR
Attached Image (click to enlarge)
Click to Enlarge Name: BE_trade.png Size: 35 KB
  • #58,266
  • Jun 24, 2015 7:25pm Jun 24, 2015 7:25pm
Quoting hishamzz
Two trades for the day :- EA (H1) {image} Big boss (D1) was bearish whereas the boss (H4) was bullish. Price had not closed below the PAC as such. Assumed bearish as price had tested 1.45 couple of times and had not managed to break through. TP was near the DO. Price had actually spike down and away (few pips away from TP) Cardinal rule of not trading towards DO was not adhered to. GU (M30) {image} Big boss (D1) was bearish as well as the boss (H4). Trade was taken after price closed below Prev. daily low. Target was ADR low which was reached...

Hi Zz,

Once you have fallen in love with this 'system' you don't run around in FF and try other systems.
You will make money by thinking of a money management strategy and add this into this 5-Method.
When you make money consistently, there is no need to try other systems in FF.
It is all about entries and exits. You must develop discipline in this business. In every business, there will ups and downs. There will be different seasons, some buinesses do better in one season but not in every season. Therefore, we must learn to trade in different timeframes - Intraday Trading , Swing Trading Position Trading,... these will keep us int eh business no matter what the market season is.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,267
  • Jun 24, 2015 7:35pm Jun 24, 2015 7:35pm
Quoting hoperich
Quoting Ballistical
{quote} Hishamzz, Thanks for sharing! I took the same loss on EA this morning. However, I'm happy with the analysis... this one just didn't work out. Colour change straight after LO and TDI green .... Hi Ballistical, I was in the same trade as Hishamzz and you. All looks good, But i broke my rule and enter the trade although MBL yellow was below the TDI cross. In this scenario price usually don't go to far. But because of News i thought it will produce some pips. Anyways there will be another setup around the corner
...

Hi,

there was buying momentum in the price action so that selling against the buying momentum is riskier.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,268
  • Jun 24, 2015 7:38pm Jun 24, 2015 7:38pm
Quoting mkfx
GA 53+ LO made higher as expected and opened after reversal {image}
http://www.forexfactory.com/attachme...1&d=1435148664


Hi,

An excellent example of PA seen with the price bar pattern and with the APB as heads up of the phase change. The TDi confirms the momentum of the sellers.

I LIKE!

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,269
  • Jun 24, 2015 7:40pm Jun 24, 2015 7:40pm
EU showing no obvious direction and low volatility, I'll check the other pair
Winners Never Quit, Quitters Never Win
  • #58,270
  • Jun 24, 2015 7:45pm Jun 24, 2015 7:45pm
Quoting mkfx
Gcad 50+ GN 50+ {image} {image}

WOW!

Great PA trades!

These charts should be saved and used as training charts.
Study the price bars and the APB with TDI confirmation.


This is what Big E meant when he said:

#1 Look at PA
#2 TDI for the confirmation and for entry and exit.


Do you know that PA also creates support and resistance in real time? This is why price action traders believe "Price Action is King". The PA also will show you the price momentum.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,271
  • Jun 24, 2015 8:27pm Jun 24, 2015 8:27pm
Quoting emmanuel7788
{quote}{quote} Hi, there was buying momentum in the price action so that selling against the buying momentum is riskier. regards,
Indeed, I took this trade, but as a buy(in the 4H chart), so, I got like 60 something pips. I am following how this pair evolves in these days because I'm watching your position building trade, and that's also one of the reasons I was a buyer in this trade.

Btw, how is the trade coming along ?, have you taken any other profits ?.
  • #58,272
  • Jun 24, 2015 8:52pm Jun 24, 2015 8:52pm
Quoting elfanta
{quote} Indeed, I took this trade, but as a buy(in the 4H chart), so, I got like 60 something pips. I am following how this pair evolves in these days because I'm watching your position building trade, and that's also one of the reasons I was a buyer in this trade. Btw, how is the trade coming along ?, have you taken any other profits ?.

HI,

The 4H swing trade still in floating loss. Yesterday we saw H4 'big candle', before it move up again. Today is crucial to see if price will move above my breakeven level before I decide what to do later.

I did some recovery trades in H1/M15 adding back 1.5% in the past 3 days.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,273
  • Jun 24, 2015 9:04pm Jun 24, 2015 9:04pm
Quoting jonisonvespa
Hello I'm trying to get the pair monitor working on my machine this is my second go at it I have every file where it should be it looks like its working ice got it set on 1 minuite to see if anything changes which it does but I just can't see everything. Can someone please have a look and see if they can help me please Thank you Here is the link to the page. http://www.forexfactory.com/showthre...=303347&page=8

That TMS Monitor Dashboard is working.
The problem I see can be in your PC Windows parameters.
Are you using a second monitor connected to your PC? I had this problem before. You need to configure the second monitor correctly.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,274
  • Jun 24, 2015 10:33pm Jun 24, 2015 10:33pm
EA trade yesterday for 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H1.jpg Size: 341 KB
I Have Learned to Take Some Losses to Make Profits
  • #58,275
  • Edited 11:45pm Jun 24, 2015 11:18pm | Edited 11:45pm
Dimi.A;8345125]{quote} DASHBOARD trading ..............quote

Here is a good one:

http://www.forexfactory.com/showthread.php?t=532236

I played with it in demo and it works. Made some money too.
The good thing is that the dashboard is shared here in FF by the generous members in our FF community. They don't make money out of innocent people. The codes mq4 files are posted and others can use them and customise to what they want.

Go read that thread and I am sure you will find one which will suit what you look for. I just use the one with RSI and HA quite like TMS ' TDI and APB.

Have fun!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,276
  • Jun 25, 2015 12:20am Jun 25, 2015 12:20am
Quoting emmanuel7788
{quote} {image} Hi, An excellent example of PA seen with the price bar pattern and with the APB as heads up of the phase change. The TDi confirms the momentum of the sellers. I LIKE! regards,

Thanks Emmanuel.

I am learning every thing from this thread.

Thanks for all the contributions made by you, Phx, Likica, The Scorps and other senior traders who are helping here.

I am in the process of learning and still need to learn lot of elements i.e. how to correlate current TF with HTF (4hr and Daily.

MK
  • #58,277
  • Jun 25, 2015 12:25am Jun 25, 2015 12:25am
Quoting emmanuel7788
{quote} WOW! Great PA trades! These charts should be saved and used as training charts. Study the price bars and the APB with TDI confirmation. This is what Big E meant when he said: #1 Look at PA #2 TDI for the confirmation and for entry and exit. Do you know that PA also creates support and resistance in real time? This is why price action traders believe "Price Action is King". The PA also will show you the price momentum. regards,
Thanks Emmanuel for your help and feedback on charts.
  • #58,278
  • Jun 25, 2015 1:29am Jun 25, 2015 1:29am
Quoting Ballistical
{quote} Hishamzz, Thanks for sharing! I took the same loss on EA this morning. However, I'm happy with the analysis... this one just didn't work out. Colour change straight after LO and TDI green crossed over red following rejection from the 50 line. Trade was away from the 200EMA and in line with yesterdays strong downtrend. Also, London doesn't often behave this way... LO and LO+1 candles failed to set the high or low of the session which is very rare on this pair unless there's been a huge move in the Asian session forcing London to move sideways....
Thanks for the push forward!! Was just a few pips away from TP in the EA trade with the spike. The entire Greece facade is most probably causing unpredictable movements for EUR based currencies. Guess we ve just gotta shake the dust off our shoulders and look for better setups

Quote
Hi Zz,

Once you have fallen in love with this 'system' you don't run around in FF and try other systems.
You will make money by thinking of a money management strategy and add this into this 5-Method.
When you make money consistently, there is no need to try other systems in FF.
It is all about entries and exits. You must develop discipline in this business. In every business, there will ups and downs. There will be different seasons, some buinesses do better in one season but not in every season. Therefore, we must learn to trade in different...

I have already fallen for this system Thanks to your detailed explanations and tips!! Working on single entry and exit and once the quality of my trades improve looking forward to multiple entries and exits Lets see how it goes.

Zz
  • #58,279
  • Jun 25, 2015 1:45am Jun 25, 2015 1:45am
Quoting emmanuel7788
{quote} On D1 chart, I need to see minimum 2 day bar pattern for a bullish condition. ...no today. But on H4, I need to see one of those 5-bars swing low at a support level.... right now I don't see any thing.

Thanks Emman. This D trading really requires an immense amount of patience.
  • #58,280
  • Edited 4:35am Jun 25, 2015 4:09am | Edited 4:35am
Quoting birdnest
{quote} Thanks Emman. This D trading really requires an immense amount of patience.
Well when we look for reversal trade setups on D1 chart TF that requires patience.
But once there is an established trend, trading D1 chart requires us to look for good timing to get our entries in the market.
Look at GBPUSD for example, there was s nice Day IB setup. Then we stalked the H1 chart and wait for a good timed H1 entry.
That is bearish reversal setup. Now that the reversal already happened, we look for en entry in the lower H1 or H4.
that is why we must study and use the Triple Screen trading system approach by Dr Alexander Elder.

Edit: here is a chart

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Day IB breakout continuation.png Size: 99 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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