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Trading Made Simple

  • #61,721
  • Oct 20, 2015 8:46am Oct 20, 2015 8:46am
I found today very difficult , maybe because I had doubled my lot size and was very wary - I just have to get used to it .
But anyway managed to scrape 40 pips still only trading pennies
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  • #61,722
  • Oct 20, 2015 8:48am Oct 20, 2015 8:48am
Quoting mustafafr010
I have taken these trades on H1: 1- EURUSD Sell 2- USDCHF Buy I would appreciate feedback on them. {image} {image}
As far as EU is concerned, you are directly selling into Support area ... LOOK LEFT before you take any position ... and HTF does not agree with any short position at present ....
  • #61,723
  • Oct 20, 2015 8:54am Oct 20, 2015 8:54am
Quoting adikashyap
{quote} As far as EU is concerned, you are directly selling into Support area ... LOOK LEFT before you take any position ... and HTF does not agree with any short position at present ....
Thank you.

I have closed EurUsd with 14Pips profit and leaving USDCHF to run till TDI gives exit signal.
  • #61,724
  • Oct 20, 2015 9:06am Oct 20, 2015 9:06am
Need Feedback please

EURJPY Sell

I have taken under consideration that there is no recent Resistance Level.

I hope I have taken proper entry.
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  • #61,725
  • Oct 20, 2015 9:06am Oct 20, 2015 9:06am
Quoting adikashyap
{quote} you are right ... the candle was not blue when i entered ... but as LO candle closed higher than Open and as TDI green was about to cross Red, I knew LO has set today's Low in the open candle, I took the trade. and as i was watching the trade, should have closed the trade, if it went 25- pips against me ...
That's how EXPERIENCE works......
Winners Never Quit, Quitters Never Win
  • #61,726
  • Oct 20, 2015 9:17am Oct 20, 2015 9:17am
Quoting mustafafr010
Need Feedback please EURJPY Sell I have taken under consideration that there is no recent Resistance Level. I hope I have taken proper entry. {image}
-ve again ... LOOK LEFT ... previous day H always acts like a stubborn S / R ... and this level also has confluence of Friday H also ....
I shud hv waited for a candle to close below yesterday H to sell ........
  • #61,727
  • Oct 20, 2015 9:20am Oct 20, 2015 9:20am
2 full lots on EN ...
3 full lots on GN ...
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  • #61,728
  • Oct 20, 2015 9:24am Oct 20, 2015 9:24am
Quoting adikashyap
{quote} -ve again ... LOOK LEFT ... previous day H always acts like a stubborn S / R ... and this level also has confluence of Friday H also .... I shud hv waited for a candle to close below yesterday H to sell ........
Thank You Sir.
  • #61,729
  • Oct 20, 2015 9:47am Oct 20, 2015 9:47am
Quoting adikashyap
2 full lots on EN ... 3 full lots on GN ... {image} {image}
Wonderful , great trades .
  • #61,730
  • Oct 20, 2015 10:11am Oct 20, 2015 10:11am
I just lost most of todays profit - haha , should of quit while I was ahead
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  • #61,731
  • Oct 20, 2015 10:24am Oct 20, 2015 10:24am
Quoting mustafafr010
Need Feedback please EURJPY Sell I have taken under consideration that there is no recent Resistance Level. I hope I have taken proper entry. {image}
Hi,
You need to get back to basics and gain some experience. Firstly those arrows on your chart are not helping you. Before you do anything ask yourself 3 questions.
1. Has the first or second APB closed beyond the 5 ema.
2. Has the TDI given a valid cross. (valid is the important word as the TDI tells you more than just green crossed red)
3. Are you looking to trade in the same direction as H4 (both APB color and TDI direction)
If you answer no to any of the above walk away from the trade or wait.
If you answer yes to all of the above start looking a S/R areas as adikashyap mentioned before you enter the trade.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #61,732
  • Oct 20, 2015 10:36am Oct 20, 2015 10:36am
setup on EUR/CAD 4 hours
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  • #61,733
  • Oct 20, 2015 10:37am Oct 20, 2015 10:37am
Quoting Lookleft
{quote} Hi, You need to get back to basics and gain some experience. Firstly those arrows on your chart are not helping you. Before you do anything ask yourself 3 questions. 1. Has the first or second APB closed beyond the 5 ema. 2. Has the TDI given a valid cross. (valid is the important word as the TDI tells you more than just green crossed red) 3. Are you looking to trade in the same direction as H4 (both APB color and TDI direction) If you answer no to any of the above walk away from the trade or wait. If you answer yes to all of the above start...

I'm writing down all those valuable points and will sure to start with those before taking any trade.

Appreciate your remarks.

Thank You.
  • #61,734
  • Oct 20, 2015 10:43am Oct 20, 2015 10:43am
Quoting FiNaLWaR
setup on EUR/CAD 4 hours {image}
Strange , I have a red candle where yours is blue
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  • #61,735
  • Oct 20, 2015 10:49am Oct 20, 2015 10:49am
Quoting robuk
{quote} Strange , I have a red candle where yours is blue {image}
might depend on data provider i use FXCM demo data. Because i trade on a broker who doesn't offer MT4.
  • #61,736
  • Oct 20, 2015 10:57am Oct 20, 2015 10:57am
Quoting FiNaLWaR
{quote} might depend on data provider i use FXCM demo data. Because i trade on a broker who doesn't offer MT4.
Quite weird , my broker is FXCM , also can you please tell me your PAC settings - they look better than mine - and good luck with the trade
  • #61,737
  • Oct 20, 2015 11:02am Oct 20, 2015 11:02am
Quoting robuk
{quote} Quite weird , my broker is FXCM , also can you please tell me your PAC settings - they look better than mine - and good luck with the trade

it's the original one you can find on this thread. i haven't modified anything
  • #61,738
  • Oct 20, 2015 11:23am Oct 20, 2015 11:23am
Quoting Lookleft
{quote} Hi, You need to get back to basics and gain some experience. Firstly those arrows on your chart are not helping you. Before you do anything ask yourself 3 questions. 1. Has the first or second APB closed beyond the 5 ema. 2. Has the TDI given a valid cross. (valid is the important word as the TDI tells you more than just green crossed red) 3. Are you looking to trade in the same direction as H4 (both APB color and TDI direction) If you answer no to any of the above walk away from the trade or wait. If you answer yes to all of the above start...
If I may add few things ... Big E expected traders to know basic Fx parameters b4 jumping to TDI ...
1. Candles and their patterns convey a lots of stories ... OHLC ... can someone read them .. in between lines?
2. Can a trader understand and accept all indicators (TDI included) lag PA by big margin?
3. Can a trader accept and understand that Trading is more about the Psyche of the trader than anything else? can we accept that TA / FA / TF / swing trading / positional trading / scalping are all JUST the accessories to compliment the Psyche of the trader?
4. Do we accept that Trading is not at all zero sum game, but we will always have losing trades?
5. Do we know how to align our respective TTF with HTF?
6. Do we have a proper and defined trading strategy?
7. Do we plan our trades and Trade our plans?
8. Do we make Trading Simple or complicate ... by adding more Indi's .. by complicating?
9. Most importantly, DO WE HAVE ANSWERS TO ANY OF THESE QUESTIONS?
10. SOUL SEARCHING ... I trust ............
trade well ... stay in green ... pips and pastures ................
  • #61,739
  • Oct 20, 2015 5:25pm Oct 20, 2015 5:25pm
I was wanting to switch to the new synergy pro. I found a zip file with synergy pro v5.12. Is this the latest and greatest. I guess I unzip the file. There are 21 indicators. Do I then copy each one to the indicators folder under experts then indicators.
  • #61,740
  • Oct 20, 2015 5:37pm Oct 20, 2015 5:37pm
just move files to mt folder and in program - change template (there is 9 i think..)
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