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Trading Made Simple

  • #60,481
  • Sep 10, 2015 10:00am Sep 10, 2015 10:00am
Quoting TheScorpS
GJ _ H1 long , with news spike, helped reach final TP , entered 2 positions , total +240 pips {image}
Nice trade again TSS. Not sure I could have kept my nerve during the second hour with the spike.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,482
  • Sep 10, 2015 10:07am Sep 10, 2015 10:07am
got my ass kicked

https://www.mql5.com/en/charts/39259...ading-point-of
  • #60,483
  • Sep 10, 2015 10:13am Sep 10, 2015 10:13am
Quoting tibovwh
{quote} My trade entry on 15M that was stopped out would have turned out great despite trading towards DOL and EMA. I think these setups are not neccesarily bad when they are combined with divergence. Overnight price pulled back completely to familiar resistance. Price started consolidating inside LO+1. Before NYO momentum seemed to return and I looked for a breakout on 15M chart again. Just like yesterday we were trading towards DOL and EMA unfortunatly but we have rejected 1.58 a few times now. There was also divergence. After the breakout we...
Hi tibovwh,
If you look at your M15 to me it looks like the TDI was flattening when you entered which means H1 would pull back. Also you entered straight into a BRN (1.5900). If you are looking to enter on M15 and walk it up the TF you need to treat the entry as you would for any other time frame with good PA and good TDI confirmation.
cheers
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,484
  • Sep 10, 2015 10:36am Sep 10, 2015 10:36am
Quoting shay14
got my ass kicked https://www.mql5.com/en/charts/39259...ading-point-of
Hi shay,
Can you mark the chart with were you entered.
cheers
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,485
  • Sep 10, 2015 10:43am Sep 10, 2015 10:43am
Quoting Lookleft
{quote} Hi shay, Can you mark the chart with were you entered. cheers
second red candle
  • #60,486
  • Sep 10, 2015 11:06am Sep 10, 2015 11:06am
Quoting Lookleft
{quote} Hi tibovwh, If you look at your M15 to me it looks like the TDI was flattening when you entered which means H1 would pull back. Also you entered straight into a BRN (1.5900). If you are looking to enter on M15 and walk it up the TF you need to treat the entry as you would for any other time frame with good PA and good TDI confirmation. cheers
Thx for the comments ! I gotta admit that I completely missed the BRN 1.59. Infact, in hindsight, I can see that 1.59 has been pretty important in the last 2 days. I entered on close of the candle closing above LO+1 range. For this candle the MPL bounced upwards on my TDI. I'm going to dig up the post on TDI settings again to see if mine should be adjusted or anything. But I need to pay more attention to these things!

I'm still struggling a bit with 1H / 15M TF. If I wait for 1H to close I often have a late entry I think and that's why I look for early entry on 15M. But on the other hand... If I enter early on 15M, the 1H still has time to pullback / reject .. I hope with enough screentime and practice these things will become clear.

Best,
  • #60,487
  • Sep 10, 2015 11:06am Sep 10, 2015 11:06am
certainly happy to be done with that nedge trading
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"You know what needs to be addressed , completely completely reverse that".
  • #60,488
  • Sep 10, 2015 11:12am Sep 10, 2015 11:12am
Quoting shay14
got my ass kicked https://www.mql5.com/en/charts/39259...ading-point-of
i think the priced bounced back up from the BN level.
Come tomorrow, I'll wake up new
  • #60,489
  • Sep 10, 2015 11:15am Sep 10, 2015 11:15am
Quoting shay14
{quote} second red candle
OK if I'm reading this right and you entered were the arrow is, it looks like you got caught out by the news spike. If you look at my screenshot you'll notice that the APB you entered on is smaller than the preceding one, has wicks both ends and didn't close below it. There is a BRN right on your trade which could bounce price. Also the red TDI is flat and not following the green. Those things would have made me stay away from that one.
Attached Image
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,490
  • Sep 10, 2015 11:46am Sep 10, 2015 11:46am
Quoting Kmw
certainly happy to be done with that nedge trading {image}
Thats good recovery, keep going
I Have Learned to Take Some Losses to Make Profits
  • #60,491
  • Sep 10, 2015 3:06pm Sep 10, 2015 3:06pm
Quoting tibovwh
{quote} Thx for the comments ! I gotta admit that I completely missed the BRN 1.59. Infact, in hindsight, I can see that 1.59 has been pretty important in the last 2 days. I entered on close of the candle closing above LO+1 range. For this candle the MPL bounced upwards on my TDI. I'm going to dig up the post on TDI settings again to see if mine should be adjusted or anything. But I need to pay more attention to these things! I'm still struggling a bit with 1H / 15M TF. If I wait for 1H to close I often have a late entry I think and that's why I...
I completely missed the BRN 1.59.
Never ignore a BRN.
Why are RN's important to us and what can price do at a RN ? 25 virtual green pips for the first correct answer.
Tip: set an alarm at local RN on the pairs you watch and see what price does.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,492
  • Sep 10, 2015 3:34pm Sep 10, 2015 3:34pm
Quoting Lookleft
{quote} I completely missed the BRN 1.59. Never ignore a BRN. Why are RN's important to us and what can price do at a RN ? 25 virtual green pips for the first correct answer. Tip: set an alarm at local RN on the pairs you watch and see what price does.
Maybe a way for me to make some pips

EURAUD Last week : quick look at round numbers

Friday's NFP candle stopped at BRN.
Rejection off 1.59
Rejection off 1.58
Rejection off 1.59
Consolidation & Continuation at 1.59
Consolidation & Continuation at 1.60
Rejection off 1.58
Consolidation & Continuation at 1.59

I'll keep the indicator on and practice spotting PA near the BRN but chart getting cluttered again

Best,
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  • #60,493
  • Sep 10, 2015 3:43pm Sep 10, 2015 3:43pm
TMS is trend trading. Find each week trending pairs away from S/R on Weekly and Daily time-frames and use lower TF like D1 or H4 to go with the overall trend.

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Best regards, Zef
  • #60,494
  • Sep 10, 2015 10:09pm Sep 10, 2015 10:09pm
Quoting Lookleft
{quote} I completely missed the BRN 1.59. Never ignore a BRN. Why are RN's important to us and what can price do at a RN ? 25 virtual green pips for the first correct answer. Tip: set an alarm at local RN on the pairs you watch and see what price does.
the big bank and hedge fund managers target the RN.. thats why they are important. they set target based on RN. its easy
Come tomorrow, I'll wake up new
  • #60,495
  • Sep 11, 2015 12:37am Sep 11, 2015 12:37am
Is this a valid entry? Entered on 2nd candle on m30 with TDI cross, and set my tp on 30 and 50, hoping it would hit my TP before london open, as it might change the trend.

Thank you for your comments!!
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why do we fall? So we can learn to pick ourselves up.
  • #60,496
  • Sep 11, 2015 2:11am Sep 11, 2015 2:11am
Quoting WayneTech
Is this a valid entry? Entered on 2nd candle on m30 with TDI cross, and set my tp on 30 and 50, hoping it would hit my TP before london open, as it might change the trend. Thank you for your comments!! {image}
G/J
H1Green has crossed red down
Green and red are both pointing down
But are in an area of support..

Any thoughts?
Keep It Simple Stupid
  • #60,497
  • Sep 11, 2015 2:26am Sep 11, 2015 2:26am
Quoting Alastair
{quote} G/J H1Green has crossed red down Green and red are both pointing down But are in an area of support.. Any thoughts?

H4 in consolidation so it is better to trade M15 and get small trades until ....

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,498
  • Sep 11, 2015 2:44am Sep 11, 2015 2:44am
Quoting WayneTech
Is this a valid entry? Entered on 2nd candle on m30 with TDI cross, and set my tp on 30 and 50, hoping it would hit my TP before london open, as it might change the trend. Thank you for your comments!! {image}

Hi,

Unless you are 'scalping' the M30, you should observe the higher TF H4 price action for higher probability trades.
Scalping require high win rate over long term to be profitable.

What is that matrix indicator below your TDI? if that show MTF Heiken Ashi HA, then you should change that to show APB instead.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,499
  • Sep 11, 2015 2:45am Sep 11, 2015 2:45am
TP hit, TP1 +30, TP2 +50, total 80 pips
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why do we fall? So we can learn to pick ourselves up.
  • #60,500
  • Sep 11, 2015 2:55am Sep 11, 2015 2:55am
Quoting gsbharaj
{quote} the big bank and hedge fund managers target the RN.. thats why they are important. they set target based on RN. its easy
we never know....
http://www.investopedia.com/articles...tophunting.asp

but we are technical traders we look at setups for trade opportunities. What ever happens out there the price action around round number are opportunities.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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