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Trading Made Simple

  • #58,321
  • Jun 26, 2015 8:01am Jun 26, 2015 8:01am
Quoting hsn100
{quote} Very good trades LvCa! Just want to know: Did u place all your buy orders on Weekly TF or Monthly TF? What was your SL and TP for higher TF? Regards,
Hi Hsn ,
IMPORTANT : maybe i dont' use the standard rules to entry exit , i use this metod for my trading-psicology ( i'm only at pag 150 of this 3d , in future i must continue to read it)
I do this :
i dont' place my orders in weeklyTF or monhtlyTF , i place my order in a lower TF (in this trade is 4hTF ) :
My entry (full size) and SL is in the lower TF : SL under the price channel and conservative entries --->good PA and the TDi must be very good ( TDI>MID BAND>Signal>50livel) and if the TDI is > 68 (Buy trade) i think this situation is a very good trend and i dont look the TDI crosses , so i NO find a reversal but i think that it is a good trend continuation
My exit (1/ 2size) is in daily chart ; other 1/2 position in weeklyTF or Montly TF (close all my trades) . I close at first bad situation (example , the PA cchange color and TDI cross in a bad situation) , on the cart ther is an X on TF montly where i could stopped out all my previous long trades.

Sorry for my english , in little word , the core of my trading is:
Lower SL and highter TP : Entry on lower TF and Exit on Maximum TF
GL far ALL
  • #58,322
  • Jun 26, 2015 8:11am Jun 26, 2015 8:11am
Quoting emmanuel7788
Now for some post mortem analysis and study practice using multi timeframe analysis. There is a quiz on H1 TF why that setup should not be taken. If you got the answer, then I think you have already the 'third eye' for trading TMS. Keep working on your 'third eye'. {image} Have Fun trading and learning. The market pays you to learn.
Quiz answer submitted over PM . . . looking forward to the answer this weekend . . . as always thanks for your support :-).

N.
  • #58,323
  • Jun 26, 2015 8:14am Jun 26, 2015 8:14am
Quoting firas1980
{image} {quote} hi emm this is my chart wht tdi not show and candle chart look like this. thank you sir
Hi emmanuel7788! I've downloaded the same suit, results are same, no tdi, no candles.

Regards,
Quote

  1. LvCa Hi Hsn , IMPORTANT : maybe i dont' use the standard rules to entry exit , i use this metod for my trading-psicology ( i'm only at pag 150 of this 3d , in future i must continue to read it

Thnk u LvCa, got it.
Winners Never Quit, Quitters Never Win
  • #58,324
  • Jun 26, 2015 8:17am Jun 26, 2015 8:17am
Quoting efestus
{quote} PLease whats your reason for entering this trade, i felt PA wasnt right
2 candle before entry candle there is a pull back candle from weekly S/R. Then the 2 IB. Limit order entry on the break of IB and PB above the DOL.
Sad i'm not trying to understand PA
  • #58,325
  • Jun 26, 2015 8:22am Jun 26, 2015 8:22am
Quoting omonisha
EURAUD-H4 {image}
You're a genius trader OS, congrats! You and other seniors are a great source of inspiration for new traders like me. Just one request

  1. Is it possible that u jot down points of your entries and exits? That will b a great help for us to learn from you.

Best Regards,

Winners Never Quit, Quitters Never Win
  • #58,326
  • Jun 26, 2015 8:23am Jun 26, 2015 8:23am
Quoting omonisha
{quote} 2 candle before entry candle there is a pull back candle from weekly S/R. Then the 2 IB. Limit order entry on the break of IB and PB above the DOL.
When you say it like that, it really does seem simple :-)

Awesome trading Mr. 0 . . . and thanks for the chart explanation, very useful.

Best,
N
  • #58,327
  • Jun 26, 2015 8:46am Jun 26, 2015 8:46am
NZD/USD , there is the space down for close half position if the price come down for other 30-40pips , in Daily chart (bottom trading range D1TF).. i'm looking for close half position
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  • #58,328
  • Jun 26, 2015 10:02am Jun 26, 2015 10:02am
Quoting emmanuel7788
Now for some post mortem analysis and study practice using multi timeframe analysis. There is a quiz on H1 TF why that setup should not be taken. If you got the answer, then I think you have already the 'third eye' for trading TMS. Keep working on your 'third eye'. {image} Have Fun trading and learning. The market pays you to learn.
Hi emmanuel7788 ... Is the TDI , TF D1 ?
  • #58,329
  • Jun 26, 2015 10:13am Jun 26, 2015 10:13am
GBPJPY H1 +75 (+25 +50)
PA had been bouncing off the BRN and 200ema was actually a bounce trade from the TDI with green,red and yellow lines all heading in the same direction. Entered on close of APB outside PAC
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Hope everybody had good GA and EA trades today
Have a good weekend
Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,330
  • Jun 26, 2015 10:25am Jun 26, 2015 10:25am
Yesterday loss GA trade -18. Today EU trade +40
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Winners Never Quit, Quitters Never Win
  • #58,331
  • Jun 26, 2015 10:45am Jun 26, 2015 10:45am
Quoting Lookleft
GBPJPY H1 +75 (+25 +50) PA had been bouncing off the BRN and 200ema was actually a bounce trade from the TDI with green,red and yellow lines all heading in the same direction. Entered on close of APB outside PAC {image} Hope everybody had good GA and EA trades today Have a good weekend
Thanks Lookleft, Appreciate the kind words.

Nice trade u got there on GJ.

Kindest Regards
  • #58,332
  • Jun 26, 2015 10:54am Jun 26, 2015 10:54am
Quoting emmanuel7788
Now for some post mortem analysis and study practice using multi timeframe analysis. There is a quiz on H1 TF why that setup should not be taken. If you got the answer, then I think you have already the 'third eye' for trading TMS. Keep working on your 'third eye'. {image} Have Fun trading and learning. The market pays you to learn.
Hello BigEmm,
how do you get that multi charts?
regards, dan
  • #58,333
  • Jun 26, 2015 11:11am Jun 26, 2015 11:11am
Quoting Trader MT4
{quote} Hello BigEmm, how do you get that multi charts? regards, dan
http://www.forexfactory.com/showthre...21#post8347321
  • #58,334
  • Jun 26, 2015 11:13am Jun 26, 2015 11:13am
Quoting LvCa
NZD/USD , there is the space down for close half position if the price come down for other 30-40pips , in Daily chart (bottom trading range D1TF).. i'm looking for close half position {image}
Loving how your charts look not to mention your super trades . Mind if you could share your template?

Zz
  • #58,335
  • Jun 26, 2015 11:17am Jun 26, 2015 11:17am
Quoting Lookleft
GBPJPY H1 +75 (+25 +50) PA had been bouncing off the BRN and 200ema was actually a bounce trade from the TDI with green,red and yellow lines all heading in the same direction. Entered on close of APB outside PAC {image} Hope everybody had good GA and EA trades today Have a good weekend
Bravo on your trades! I assume you use CaveManager to manage your trades. Please do post your trades with your reasonings and insights.. its a wealth of information for us newbies

Zz
  • #58,336
  • Jun 26, 2015 12:46pm Jun 26, 2015 12:46pm
2015 Week 26 - Trade Summary:

2 trades in total:
- 0 Wins
- 1 BE
- 2 Losses

Really tough week on EA H1 this week. With very little news to move the market, combined with the fact we are well and truly in the summer holiday period, there was lots of sideways movement this time round. The few big moves that did happen, were in many cases, unprecedented and likely to be based on the ongoing Eurogroup meetings and other fundamentals. Two small losses and one break-even trade meant I finished the week with -4% on the account.

Monday: I was super busy with work on Monday so didn't get a chance to even look at my charts unfortunately. TMS entry at FO was good for 50 pips. There was then another good TMS entry at LO+4 good for 120 pips although this was a little choppy around NYO before it really took off. A surprisingly volatile day given the fact it was a Monday in the middle of the holiday season. It was a shame that wasn't the case for the rest of the week.

Tuesday: There was a big drop during the Asian session and then FO made another good move on a break below the consolidation - good for 50 pips in a single candle. I waited until LO to see what effect the 200EMA had on PA. As suspected LO drew back with LO+1 touching the 200EMA to set the high for London. I was ready to enter on the TDI bounce on a break below LO+1, but the market just went dead. London slowly fell until NYO when some US news pushed it even lower. I considered a continuation trade following the news but this was now the 12th consecutive red candle and with the news candle making a pull back in the last few minutes, I decided it was safer to stay out.

Wednesday: I got to my charts around LO and watched the LO candle play out eventually closing blue, but with no real movement made, my bias for the day was still undecided. A swing-high had formed, following an uptrend in the Asian session and once LO+1 closed red I took classic TMS cross entry on a break below it. The move was short-lived however, and price didn't find a direction until NYO. 3rd candle TMS cross entry on a break above the news candle was good for 50 pips up until a DT confirmed the move was over. I actually expected price to touch the 200EMA before the move was over but it fell just short of this level. Note: At this time of day, unless there has been a recent major news release, it is rare for price to break through the 200EMA. (-25,-2%)

Thursday: A really frustrating morning. I got to my charts late, just after LO. Waited for a pullback and entered late. Of course, the sensible thing to do would have been to accept I'd missed the boat and sit on the sidelines. Technically LO formed the first blue candle but this still qualified as a TMS trade since the FO pullback candle had already caused the TDI green to cross over red. A double-top confirmed the LO fake-out and LO+2 presented another TMS opportunity, just about good enough for 50 pips. Aside from the initial London volatility the whole day was pretty much dead. Thursday is usually the best day to trade this pair and I don't remember seeing such a flat LO/NYO on a Thursday in a long time. (-25,-2%)

Friday: Got to my charts around LO to see that once again, FO had been drawn towards the 200EMA following a break of previous consolidation. This makes judging the direction for the day more difficult. LO initially drew back over the 200EMA as expected and as soon as it broke above FO, I entered long. However, the session was really quiet again. The London candles were showing little momentum so I moved my SL to BE. This was hit soon after by a couple of pips only to see it shoot off past my original TP straight afterwards.

After my recent deep spell of drawdown and losses my approach to risk has changed somewhat. I used to trade a very conservative approach moving SL to BE at +20ish pips depending on PA signs. This meant getting stopped at BE a lot but did however, give a relatively steady profit curve. After some discussions with other members in the forum my approach turned to "set-and-forget" since over time, backtesting proved that this generated more pips. However, what I didn't account for when making the decision to switch, was the potential for a streak of losses. Using this aggressive strategy in conjunction with a percentage-based risk management approach can mean that when things don't go as intended, account equity can take a serious hit! In short, I'll be reverting back to my previous, more-conservative strategy. Lesson learnt: Capital preservation is key!

As always, have a good weekend guys!

Ballistical
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Focus on the process and the profits will follow
  • #58,337
  • Jun 26, 2015 2:08pm Jun 26, 2015 2:08pm
Quoting hsn100
{quote} You're a genius trader OS, congrats! You and other seniors are a great source of inspiration for new traders like me. Just one request Is it possible that u jot down points of your entries and exits? That will b a great help for us to learn from you. Best Regards,
Hi hsn100

I answered the reason of my entry just post above or you asked something else. I am still learning and trying many things about exit. At the moment i am taking partial profit and watch the momentum if trade progress further. If not i exit any time i feel uncomfortable.

Have a great weekend
Sad i'm not trying to understand PA
  • #58,338
  • Jun 26, 2015 2:09pm Jun 26, 2015 2:09pm
GJ long at LO, was not interested in selling GJ today, so as soon as divergence was confirmed, and pullback from BRN 194.00, I entered the trade, closed part at +75 pips and remaining for +100 pips
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I Have Learned to Take Some Losses to Make Profits
  • #58,339
  • Jun 26, 2015 2:39pm Jun 26, 2015 2:39pm
Quoting TheScorpS
GJ long at LO, was not interested in selling GJ today, so as soon as divergence was confirmed, and pullback from BRN 194.00, I entered the trade, closed part at +75 pips and remaining for +100 pips {image}
Excellent trade TSS! Are you using a fixed 50 pip SL? I see your trade survived the drop around 3/4 hours in...
Focus on the process and the profits will follow
  • #58,340
  • Jun 26, 2015 3:44pm Jun 26, 2015 3:44pm
Quoting TheScorpS
GJ long at LO, was not interested in selling GJ today, so as soon as divergence was confirmed, and pullback from BRN 194.00, I entered the trade, closed part at +75 pips and remaining for +100 pips {image}
Nice trade TSS I was a bit and waited a couple of hours
Never argue with a fool; onlookers may not be able to tell the difference.
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