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Trading Made Simple

  • #59,021
  • Jul 21, 2015 5:23am Jul 21, 2015 5:23am
missing big trades is so depressing
  • #59,022
  • Jul 21, 2015 5:29am Jul 21, 2015 5:29am
Quoting shay14
missing big trades is so depressing
so you missed big trades and took only small trades, did you?

that happens to many of us too.

but small trades also make good money.

which currency pair did you misses? start by posting your charts and I will share with you how not to miss big trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,023
  • Jul 21, 2015 5:57am Jul 21, 2015 5:57am
EURAUD :
watching this pair closely, it tested 1.4750 twice yesterday.
I see it will test again and may go higher when the timing is good.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,024
  • Jul 21, 2015 5:58am Jul 21, 2015 5:58am
Quoting emmanuel7788
{quote} so you missed big trades and took only small trades, did you? that happens to many of us too. but small trades also make good money. which currency pair did you misses? start by posting your charts and I will share with you how not to miss big trades.
gbpjpy was a 60 pip move down which i missed just down to oversleeping lol

Hopefully i see other opportunities in the day

Btw what time do you guys usually stop trading? I live in the UK, so would 3-4pm UK time be good to wrap up for the day?
  • #59,025
  • Jul 21, 2015 6:14am Jul 21, 2015 6:14am
Quoting shay14
{quote} gbpjpy was a 60 pip move down which i missed just down to oversleeping lol Hopefully i see other opportunities in the day Btw what time do you guys usually stop trading? I live in the UK, so would 3-4pm UK time be good to wrap up for the day?

since you were sleeping you did not miss anything.

you only miss something when you see it and for some reason did not take it , then that is what missing a trade is.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,026
  • Jul 21, 2015 6:24am Jul 21, 2015 6:24am
Quoting shay14
{quote} gbpjpy was a 60 pip move down which i missed just down to oversleeping lol Hopefully i see other opportunities in the day Btw what time do you guys usually stop trading? I live in the UK, so would 3-4pm UK time be good to wrap up for the day?

GBPJPY:

You can do one of the two below:

1) Wake up tomorrow when Sydney open, and if there is a Day Inside Bar breakout by today candle, you buy.

2) Buy now, SL 192.00 TP 195.00. make you do your position size with 0.2% risk of your demo account $50k.

If you do 2) now, I will explain how to build position tomorrow.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,027
  • Jul 21, 2015 7:35am Jul 21, 2015 7:35am
Quoting emmanuel7788
{quote} GBPJPY: You can do one of the two below: 1) Wake up tomorrow when Sydney open, and if there is a Day Inside Bar breakout by today candle, you buy. 2) Buy now, SL 192.00 TP 195.00. make you do your position size with 0.2% risk of your demo account $50k. If you do 2) now, I will explain how to build position tomorrow.
Hi emmanuel.

Could you please explain the reasons that made you go long?
It looks like from H4, red and green cross yellow downwards from 68 level on TDI.
seems to form a pin on D1 , and going sideways on W1.

I've been following this thread silently since i joined. so far trading on and off, only manage to break even. should've given up already but it's a terrible addiction im trading live micro.
  • #59,028
  • Jul 21, 2015 7:55am Jul 21, 2015 7:55am
Quoting stcl
{quote} Hi emmanuel. Could you please explain the reasons that made you go long? It looks like from H4, red and green cross yellow downwards from 68 level on TDI. seems to form a pin on D1 , and going sideways on W1. I've been following this thread silently since i joined. so far trading on and off, only manage to break even. should've given up already but it's a terrible addiction im trading live micro.
Hi stcl, I am not Emmanuel, bu I can see a strong bullish trend in the monthly chart, the weekly chart looks the same. look at the bar two weeks ago, a big wick, and last week was bullish too. If the price brakes the IB upwards, the trend will continue, if it breaks downwards, it might only be a retracement. That's why Emmanuel is talking about position size in the second point.
  • #59,029
  • Jul 21, 2015 12:19pm Jul 21, 2015 12:19pm
AU gifts 50+pip PCRFs on 70% of London sessions. Backtest to build confidence, TDI shows the way. Ride these until the wheels fall off.

Attached Image (click to enlarge)
Click to Enlarge Name: AU HOMERUN.png Size: 128 KB
Best regards, Zef
  • #59,030
  • Jul 21, 2015 1:21pm Jul 21, 2015 1:21pm
Quoting stcl
{quote} Hi emmanuel. Could you please explain the reasons that made you go long? It looks like from H4, red and green cross yellow downwards from 68 level on TDI. seems to form a pin on D1 , and going sideways on W1. I've been following this thread silently since i joined. so far trading on and off, only manage to break even. should've given up already but it's a terrible addiction im trading live micro.
Hi,

MN bullish,
W1 bullish,
D1 doing nothing...at the moment.
so we buy on W1 and build position when retracement of the W1 candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,031
  • Jul 21, 2015 2:21pm Jul 21, 2015 2:21pm
EURUSD week 30 ME/ME trades in progress:

details on chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 30 Build Pos M5 TDI cross.png Size: 91 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,032
  • Jul 21, 2015 7:59pm Jul 21, 2015 7:59pm
Hi Emmanuel,

What indicator do you use for the white S&R lines on your charts?

Thanks for all your help on the thread; I am going on 1 month on reading up and greatly appreciate your posts!

Derek
  • #59,033
  • Jul 21, 2015 8:15pm Jul 21, 2015 8:15pm
Quoting Derek-305
Hi Emmanuel, What indicator do you use for the white S&R lines on your charts? Thanks for all your help on the thread; I am going on 1 month on reading up and greatly appreciate your posts! Derek

Hi Derek,

Those white lines are the high -low of every 4-hour period. I use that to see the H4 and also as a guide not to place too many ME trades within each 4-hour period.

Indicator is posted here: H4 High-Low lines: Post#16,374

Keep up with the reading and take notes of your own. Post and ask questions whenever you need to. This is a much more efficient and effective way to learn.
Keep all your notes and compile your own trading handbook, and one day you can publish a trading book and earn royalty as a source of passive income.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,034
  • Jul 21, 2015 8:25pm Jul 21, 2015 8:25pm
Quoting emmanuel7788
{quote} Hi Derek, Those white lines are the high -low of every 4-hour period. I use that to see the H4 and also as a guide not to place too many ME trades within each 4-hour period. Indicator is posted here: H4 High-Low lines: Post#16,374 Keep up with the reading and take notes of your own. Post and ask questions whenever you need to. This is a much more efficient and effective way to learn. Keep all your notes and compile your own trading handbook, and one day you can...
Awesome, thank you!
  • #59,035
  • Jul 21, 2015 8:48pm Jul 21, 2015 8:48pm
Quoting Davit
{quote} Bird I have been trading for 4years and I seldom rarely trade monsters line GN GC GA GJ Reason is simple 1st spread 2nd volatility. Precision entry is a must and then you hope and prey PA does not stop you out.Well 50pip SL is minimum for pairs averaging 200+pips and some days can go 400pips.It takes good experience on majors before you start on crosses.If you have less then 3years of trading I'll say stop trading crosses. Choose more forgiving pairs. Regards
It is time to take time off my live account. After 2 years, my account is in reds and losses. I shall practice harder my demo first for the remaining of the year.
  • #59,036
  • Jul 21, 2015 9:08pm Jul 21, 2015 9:08pm
Quoting emmanuel7788
{quote} Hi, MN bullish, W1 bullish, D1 doing nothing...at the moment. so we buy on W1 and build position when retracement of the W1 candle.

Dear Emman,

For trade no. 2, is it usually that the SL is so huge for Day trades? It seems hard to "accept" that there are so many retracements within the day.... and what if we get stopped out?
  • #59,037
  • Edited Jul 22, 2015 12:37am Jul 21, 2015 9:16pm | Edited Jul 22, 2015 12:37am
Quoting Lukass
Hello everyone, This is my first post here. Until now I have been reading and reading and reading...I have still lot of work in fron of me :-) I have ben trading this method for almost a month - I started on 30.06.2015 with 991 CZK (about 40$) on demo account. Now I have 2061 CZK (82,4$) which is about 105%. I have 32/49 of profit trades (+/- 65% win rate) - yet the point is, that it is getting higher and higher - 2 week ago I had 50-55%. If you guys have any tips and tricks for me I would be more than happy to read them and think about them. Below...
Hey Lukass,

That's great success. When you say you read a lot, do you mean books or this huge thread posts? What TF do you primarily trade on?

Congrats
  • #59,038
  • Jul 21, 2015 9:59pm Jul 21, 2015 9:59pm
Quoting LazyTrad3r
{quote} Hey Dimi wazz up? I hope you got a nice Weeknd? Thx for your Motivation. Its a good golden rule with "triple" the Demo Account. But I think imo its better i have to start with 100-500 bugs and then i will see how is my trading and my discipline. Demo its good, but real money its better. Lazy
Haha yeah i know bro.
Hey, are you practising your stop losses? Hehe. Don't forget the stop losses man!
I use to trade without stop losses until I blew almost $3000 AUD. Be careful, you never want to get a margin call from your broker. I remember when I use to get margin call e-mails. Scary.
Attached Image (click to enlarge)
Click to Enlarge Name: 11426182_1624076181183002_1738182924_n.jpg Size: 74 KB
  • #59,039
  • Jul 22, 2015 1:07am Jul 22, 2015 1:07am
Good morning, Guido!
Quoting Sesamstrasse
long trend , higher TF D1 confirmed {image}
Which kind of trend confirmation do you use?
HA color at higher TF
or
Trend line at higher TF
?

I look at your trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDcH4.png 14.7..png tms h4.png Size: 29 KB

and try to find the reason to lose at my situaton
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFH4.png Size: 31 KB

And the only differnce I see is that your trend at D1 was seen as a long trend line
but my D1 trend was seen as several HA uptrend candles.
Just an opinion. Based on research
  • #59,040
  • Jul 22, 2015 1:29am Jul 22, 2015 1:29am
Quoting since80808
Good morning, Guido! {quote} Which kind of trend confirmation do you use? HA color at higher TF or Trend line at higher TF ? I look at your trade {image} and try to find the reason to lose at my situaton {image} And the only differnce I see is that your trend at D1 was seen as a long trend line but my D1 trend was seen as several HA uptrend candles.
Good morning since .

I use my eyes for a trend confirmation ..
If the trend starts bottom left corner and moves top right corner .. its a long .

A good thing to see the resistance levels on the way is to zoom out.. as EElfranz did..
No timeframe change for me . not neccessary in my eyes .

EDIT : the only thing I see in your chart is alate entry , if you had taken thetrade at candle open ,
you had a much smaller loss.. or may be a BE .. ( depends on your style )
Hope it helped , Guido
Risiko birgt immer auch die Chance.
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