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Trading Made Simple

  • #58,641
  • Jul 8, 2015 7:52am Jul 8, 2015 7:52am
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X-man the legendary conqueror of markets
  • #58,642
  • Jul 8, 2015 8:09am Jul 8, 2015 8:09am
GJ H1 sell trade LO session 08-07-15

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Kindest Regards
  • #58,643
  • Jul 8, 2015 8:23pm Jul 8, 2015 8:23pm
Quoting emmanuel7788
{quote} USDCAD D1 chart update 8 July: We saw a completion of the AB=CD leg. But market pulled back and closed near BRN 1.2700. With the AB=CD completion, what is next? Look at higher TF weekly, it is still bullish and there is no sign of weakening both in the price action and the momentum seen with the TDI. It is reaction to recent swings highs in weekly and also there is a Historical swing high in the Monthly. Is there a PRZ potential reversal zone? Before market reverses, it must do one thing. What is that? {image} {image}
USDCAD D1 chart update 9 July:
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We have a consolidation day yesterday with that D Inside Bar closed. trading range gets narrow as it approach those swing levels as resistance. Weekly remain bullish and market sentiments favors the USD being the safe haven currency.
With that 7Jul WRB, we use that WRB high-low as our range and the WRB high is resistance until there is breakout. Trading in lower timeframe H1 and M15 is best in both directions when market is in consolidation. Remember buy at support and sell at resistance. Profit Target expectation should be small ~ 30 to 50 pips.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,644
  • Jul 8, 2015 8:29pm Jul 8, 2015 8:29pm
Quoting Nik-Nyc
{quote} Difficult to pick only one thing, i would say there would have to be a slowdown in momentum, followed by a reversal pattern. A PCRF, ideally at BRN or historical S/R. Best, N

Quoting pwnstars
{quote} It usually consollidates before turning?
Quoting dreammore
{quote} It must break a few support levels?

USDCAD:

for a bearish reversal to happen, we must see sellers overrun the buyers.
in consolidation when buying and selling are more or less at a balance and market can resume the bullish trend.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,645
  • Jul 8, 2015 8:52pm Jul 8, 2015 8:52pm
Multiple Entries and Multiple Exits ME/ME

there is such a thing known as Scaling-in and Scaling-out in forex trading.
there are pros and cons to each.
combining both to make your ME/ME strategey work for you.

why not do both and create an advantage in your money management strategy? "Let Profits Run"... grow your account slowly and surely.

read some basic explanation here:
http://www.babypips.com/school/under...s-scaling.html
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,646
  • Jul 8, 2015 10:08pm Jul 8, 2015 10:08pm
CADJPY 50+
Divergence and PA above DOL, 10EMA, TDI came out of oversold area, Green over MBL.
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  • #58,647
  • Jul 8, 2015 10:50pm Jul 8, 2015 10:50pm
Quoting emmanuel7788
{quote} {quote} {quote} USDCAD: for a bearish reversal to happen, we must see sellers overrun the buyers. in consolidation when buying and selling are more or less at a balance and market can resume the bullish trend. regards,
Thank you guys for you comments, I am learning new stuff here.
  • #58,648
  • Jul 9, 2015 12:52am Jul 9, 2015 12:52am
Quoting X-Man
{image}
Winners Never Quit, Quitters Never Win
  • #58,649
  • Jul 9, 2015 1:37am Jul 9, 2015 1:37am
In a german Forex Forum i found this nice summary about TMS inGERMAN LANGUAGE (only)...

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  • #58,650
  • Jul 9, 2015 1:59am Jul 9, 2015 1:59am
Quoting Draffi
In a german Forex Forum i found this nice summary about TMS inGERMAN LANGUAGE (only)... {image}
Good job !
Guido
Risiko birgt immer auch die Chance.
  • #58,651
  • Jul 9, 2015 2:34am Jul 9, 2015 2:34am
EA H1 Sell Asian session 09-07-15

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Kindest Regards
  • #58,652
  • Jul 9, 2015 4:54am Jul 9, 2015 4:54am
GAUD Long 50+

Bounce of YL, Weekly fib, Divergence but it was against the DOL.

Thanks

MK
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  • #58,653
  • Jul 9, 2015 5:04am Jul 9, 2015 5:04am
Took 2 trades. EUR/AUD after nice momentum at LO closed at BE after +25 pips. GBP/AUD gave nice long signal on LO+1 after nice divergence and i entered without confirmaion (it's so often retracement appear at the beggining of new hour), so i had be patient with a big drawdown in open trade. DD was about -45 pips, was near to my SL 60 pips. Good that EMA10 on M15 showed me clear situation and helped me to stay in trade. Moved my TP 2 times from +50 to +60 and finally to +70, which was hit. There was a good room to move and good momentum, so i decided to take from this trade more than just 50 pips. Could got even more, but i am happy with what i have today.
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  • #58,654
  • Jul 9, 2015 5:08am Jul 9, 2015 5:08am
Quoting mkfx
GAUD Long 50+ Bounce of YL, Weekly fib, Divergence but it was against the DOL. Thanks MK {image}
Well done, mate! Your entry is much better - you have entered after retracement and had no drawdown, very nice!
  • #58,655
  • Jul 9, 2015 5:26am Jul 9, 2015 5:26am
EA 50+ Long . PA close over 10 EMA and TDI cross
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  • #58,656
  • Jul 9, 2015 6:27am Jul 9, 2015 6:27am
It is so boring when you guys are posting only winning trades.
No one talk about other aspects of trading like money management, risk management, managing your trading psychology when you are trading, what you do when you have losses, etc.

And how about showing your equity growth graphs? your win rates, etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,657
  • Jul 9, 2015 6:57am Jul 9, 2015 6:57am
Quoting emmanuel7788
It is so boring when you guys are posting only winning trades. No one talk about other aspects of trading like money management, risk management, managing your trading psychology when you are trading, what you do when you have losses, etc. And how about showing your equity growth graphs? your win rates, etc.
Hi Emmanuel

Thanks for asking us to participate in other important aspects of trading as well. In my view MM is top most area of trading and we should have prefect.
I have question what should be the ideal % risk per trade and % of total open trades at any point of time, for a beginner when you have 2:1 win/ loss ratio , where RR is 1:1.

Thanks

MK
  • #58,658
  • Jul 9, 2015 7:33am Jul 9, 2015 7:33am
Quoting emmanuel7788
It is so boring when you guys are posting only winning trades. No one talk about other aspects of trading like money management, risk management, managing your trading psychology when you are trading, what you do when you have losses, etc. And how about showing your equity growth graphs? your win rates, etc.
I agree, certainly win rates would be of interest. With respect, a newbe reading this thread might get the quite wrong impression that trading is easy and all one gets are winners. Maybe we should post more of our losers to give a truer balance and show every aspect of trading. How to deal with a losing trade can be just as important as posting winner after winner and for some, perhaps many, is a more common experience.
  • #58,659
  • Jul 9, 2015 7:44am Jul 9, 2015 7:44am
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-6 pips
i thought that candle(circled) is a signal for reversal (long upper wick) and i have tdi cross , closed on -6 cuz like everybody , i hate when win trade turn to bad trade
maybe that master candle line is blocking the price
Take What You Can , Give Nothing Back
  • #58,660
  • Jul 9, 2015 7:51am Jul 9, 2015 7:51am
Quoting Donquixote
{image} -6 pips i thought that candle(circled) is a signal for reversal (long upper wick) and i have tdi cross , closed on -6 cuz like everybody , i hate when win trade turn to bad trade maybe that master candle line is blocking the price
now i feel sorry for closing it to soon
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Take What You Can , Give Nothing Back
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