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Trading Made Simple

  • #60,901
  • Sep 28, 2015 8:55am Sep 28, 2015 8:55am
Quoting yuki0912
Tｏday's trade... all looses... What is the problem? {image} {image} {image} {image} {image} {image}
1. GU is on a downtrend overall.
2. AJ: not sure you entered based on h4 or h1. if u entered on h4, u r entering slightly late (4th red candle).
  • #60,902
  • Sep 28, 2015 10:08am Sep 28, 2015 10:08am
Quoting DaveWebb
I have made a couple of entries this morning, and here are 2 of them: EUR/NZD - Buy @ 1.7575 NZD/USD - Sell @ 0.63527 Both currently live and running in the right direction. Also just closed out GBP/NZD for 80 pip profit. I have probably closed that too early, but I left the trade because I'm having a problem with MT4 and I can't see the chart. Still, a decent trade! {image} {image}

So my earlier trade of GBP/NZD took 80 pips profit.

I just exited my EUR/NZD and took 111 pips profit. It exited because I hit my T/P limit, which was set at the ADR High.

Any feedback/thoughts on my exit? I am trying to trade fairly conservatively.

I would appreciate any comments.

Cheers,

Dave
  • #60,903
  • Sep 28, 2015 10:42am Sep 28, 2015 10:42am
Very poor execution again today... In hindsight I can't believe I managed these 2 trades this bad. I posted about the BRN breakout earlier today and I did it another time. If I had given it enough time it would have been an OK trade I think. Drawdown during my trade made me exit it early twice only to see it move back in the right direction. The TDI cross happened a bit earlier in all fairness but very choppy market so I wanted some confirmation..

I guess I should have more confidence in my signals but it's hard when I manage trades like this.

Fortunatly some nice pips on GBPNZD to offset these

Best,
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2015-09-28 17.32.12.png Size: 48 KB
  • #60,904
  • Sep 28, 2015 10:50am Sep 28, 2015 10:50am
Quoting catalin_eros
{quote} First image: look at the trend. Second image: it looks like a consolidation area. Third image: Very small SL and TP for H4, and the entry was taken way after the second candle. Fourth image: It looks ok, in my opinion, if the HTF points to the same direction. But the SL and TP look very small for H1. Sl should have been placed above the swing. Fifth image: Don't know... Sixth image: Entry was not made on the first or second candle. Although the second candle broke the low of the doji, the TDi had not crossed yet. Just my opinion....
Oh...Sorry My strategy is...1H chart trading
1st) Look at 4H TDI hooked up/down

2nd)watch 1H chart TDI cross, PAC break and PAB color, and entry

SLTP is 30 pips (but SL move 30 to 15, and 0)
  • #60,905
  • Sep 28, 2015 11:51am Sep 28, 2015 11:51am
Quoting yuki0912
{quote} Oh...Sorry My strategy is...1H chart trading 1st) Look at 4H TDI hooked up/down 2nd)watch 1H chart TDI cross, PAC break and PAB color, and entry SLTP is 30 pips (but SL move 30 to 15, and 0)
Big Emm looks at the D1 for direction, and uses H4 for entries. There are 6 H4 candles in a day. Perhaps it would be better to use a lower TF than H1 to enter, if you use H4 for direction, because there are only 4 H1 candles in H4 TF. I am using M15 with H4.
In your first pic, there was a HUGE move downwards. Why would you want to go against such a big move, unless you are a pro and you master the counter-trend setups? Personally, I would have waited for the price to retrace on the H4 (to go up), and then when candles and Tdi gave a sell signal ( the down trend resumed), I would have gone to M15 and look for sell opportunities.
I am like you, still very new to this strategy, so it is better to wait for an answer from Big Emm. He knows better. I answered because it helps me to see the mistakes I also make.
  • #60,906
  • Sep 28, 2015 1:52pm Sep 28, 2015 1:52pm
Anyone struggling, please read eelfranz comments!
Its his system so learn it from him!!
Attached File(s)
File Type: pdf Best of BigE.pdf   130 KB | 1,134 downloads
  • #60,907
  • Sep 28, 2015 2:00pm Sep 28, 2015 2:00pm
Quoting yuki0912
Tｏday's trade... all looses... What is the problem? {image} {image} {image} {image} {image} {image}
hi Yuki,

No matter how discipline you are in following your trading rules, there will be losses.

Big E had many losses too. How many percent of actual losing trades we will never know.

Problem here is people only post their winning trades but very rare they post their losing trades. Some even go to the extend to post marked up chart in hindsight to show fake winning trades too.

This week, my question to all is whether you want to follow Big E and be an aggressive trader like him or you want to be conservative. Read post#60,870 to have a better understanding the difference between being aggressive and conservative in the way we trade. Do you have the knowledge and experience to be aggressive like him?


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,908
  • Sep 28, 2015 2:16pm Sep 28, 2015 2:16pm
Quoting catalin_eros
{quote} Big Emm looks at the D1 for direction, and uses H4 for entries. There are 6 H4 candles in a day. Perhaps it would be better to use a lower TF than H1 to enter, if you use H4 for direction, because there are only 4 H1 candles in H4 TF. I am using M15 with H4. In your first pic, there was a HUGE move downwards. Why would you want to go against such a big move, unless you are a pro and you master the counter-trend setups? Personally, I would have waited for the price to retrace on the H4 (to go up), and then when candles and Tdi gave a sell...

my answer is very simple.
Know the difference between aggressive trading and conservative trading.
5-Method is a stripped down version of the Synergy trading model. You can start by trading conservatively, gained more experience like Big E did and then you can remove those lines from the TDI and be aggressive in trading.

Read post#51
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,909
  • Sep 28, 2015 2:24pm Sep 28, 2015 2:24pm
Quoting josh11
Anyone struggling, please read eelfranz comments! Its his system so learn it from him!! {image}
Introduction to Trading Made Simple Post#57,854
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,910
  • Sep 28, 2015 2:33pm Sep 28, 2015 2:33pm
This H1 trade is taking forever .. it's Monday market.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 28 Sep slow market.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,911
  • Sep 28, 2015 2:36pm Sep 28, 2015 2:36pm
Quoting emmanuel7788
{quote} This week, my question to all is whether you want to follow Big E and be an aggressive trader like him or you want to be conservative. Read post#60,870 to have a better understanding the difference between being aggressive and conservative in the way we trade. Do you have the knowledge and experience to be aggressive like him? regards,
Hi Emmanuel,

My reply would be to start slow on the daily charts with the pure original method, as I have had good results in that account checking it once a day; and move forward as Big E did after that by using the demo account, to practice in lower time frames to learn where I do better as In the last 3 months I have struggled to be up 10% on that Demo.

I took me 3 weeks to get the nerve to do a single trade with real money but managed to do so by going all the way down on lot size and to start feeling it out, so I can stay more in the game and feel my way into it; as I know it will take a couple of years to see if I make it.

Just wanted to ask quickly, using ME/ME on the daily when would you decide to exit if it goes wrong? When the TDI goes against you or all the way to when it breaks the PA trend / SR?

Regards,

Derek
  • #60,912
  • Sep 28, 2015 2:38pm Sep 28, 2015 2:38pm
Here today's example of conservative entry. Wait for setup candle to close across the 5EMA. TDI crossed, Stochastic confirm.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 28 Sep H4 trade TOK.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,913
  • Sep 28, 2015 2:49pm Sep 28, 2015 2:49pm
Quoting Derek-305
{quote} Hi Emmanuel, My reply would be to start slow on the daily charts with the pure original method, as I have had good results in that account checking it once a day; and move forward as Big E did after that by using the demo account, to practice in lower time frames to learn where I do better as In the last 3 months I have struggled to be up 10% on that Demo. I took me 3 weeks to get the nerve to do a single trade with real money but managed to do so by going all the way down on lot size and to start feeling it out, so I can stay more in the...

Hi Derek,

one of my exit strategy rule is when there is trade invalidation. This is a setup which is opposite to my trade.
Read post#55,038 Reference Dr Van Tharp system development.

trading D chart will give you the best results. I trade the stock market using End of Day trading meaning I look for trades at he end of day after the stock market closed. The same I apply when I trade spot forex.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,914
  • Sep 28, 2015 2:51pm Sep 28, 2015 2:51pm
Hi, folks!
Today AUD/USD, H4. Have a beautiful ascending triangle. But he was knocked down. Why?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-H$-280915.jpg Size: 1.9 MB
  • #60,915
  • Sep 28, 2015 2:57pm Sep 28, 2015 2:57pm
GBPNZD 28 Sep H4 trade:
here is one H4 trade which is running.
TDI goes flat, do I exit? No. I move SL to trail behind the previous APB. This reduces the overall risk of this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD 28 Sep H4 trade no exit.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,916
  • Edited 3:16pm Sep 28, 2015 3:01pm | Edited 3:16pm
Quoting Migleon
Hi, folks! Today AUD/USD, H4. Have a beautiful ascending triangle. But he was knocked down. Why? {image}

Hi Migleon,

I see H4 consolidation around BRN 0.7000 psych level and D1 chart looks much prettier.

regards,

0.6730 before Christmas 2015.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,917
  • Sep 28, 2015 3:23pm Sep 28, 2015 3:23pm
Quoting emmanuel7788
{quote} Hi Derek, one of my exit strategy rule is when there is trade invalidation. This is a setup which is opposite to my trade. Read post#55,038 Reference Dr Van Tharp system development. trading D chart will give you the best results. I trade the stock market using End of Day trading meaning I look for trades at he end of day after the stock market closed. The same I apply when I trade spot forex. regards,
Thanks Emmanuel!!
  • #60,918
  • Sep 28, 2015 4:54pm Sep 28, 2015 4:54pm
Hello Guys,
I`am new member in this Thread and this is my first post I am following this strategy since three weeks,here is below a good chance in USD/JPY to entry respects the rules of this strategy with adding megafx indicator:
Screenshot2.png

waiting for your feedback
Thanks and Best Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 98 KB
  • #60,919
  • Sep 28, 2015 8:07pm Sep 28, 2015 8:07pm
Quoting emmanuel7788
GBPNZD 28 Sep H4 trade: here is one H4 trade which is running. TDI goes flat, do I exit? No. I move SL to trail behind the previous APB. This reduces the overall risk of this trade. {image}
This trade closed.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD 28 Sep H4 trade closed.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,920
  • Sep 28, 2015 8:09pm Sep 28, 2015 8:09pm
Two more H4 trades closed.
Entry following a conservative approach - setup candle close above the 5EMA, TDI cross and Stoch confirm. But no exit when TDI goes flat.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 28 Sep H4 trade closed.png Size: 33 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 28 Sep H4 trade.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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