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Trading Made Simple

  • #62,641
  • Nov 6, 2015 5:01am Nov 6, 2015 5:01am
Quoting nobbie
What you think... with today's NFP ... {image}

maybe 1.5050 possible today, 1.4800 not this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,642
  • Nov 6, 2015 5:02am Nov 6, 2015 5:02am
Quoting kumetto
Hi all, I like to say that i've been trading this for a while. For now I'm even. This is demo trade,anyone got this? {image}

your pivot is useless in history...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,643
  • Nov 6, 2015 6:07am Nov 6, 2015 6:07am
Quoting emmanuel7788
{quote} your pivot is useless in history...
I mean this bottom sry
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 43 KB
Trade with 60
  • #62,644
  • Edited 6:44am Nov 6, 2015 6:29am | Edited 6:44am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting nobbie
What you think... with today's NFP ... {image}
Hello

Price is now where it was one month ago under last NFP, PA is a waterfall like a "homerun", but now at RDL.
Thats the work of big money. So this round is over.
I have one order open, SL or TP, new NFP makes decision.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 71 KB


NFP gives clue - ever , look carefully!



green pips
from level to level - you need mental strength to reach the summit
  • #62,645
  • Nov 6, 2015 7:09am Nov 6, 2015 7:09am
Quoting haemdoc
{quote} Dear SJ Thank you. It is nice to see even people with different trading techniques end up making money.. Do you keep your positions open for days? How do you decide your SL. Thanks again..
Good Morning Emmanuel!
It's 6:00a.m. Montana time (Mountain Standard Time).
Unemployment data come out at 6:30a.m.


Haemdoc,

Trading is both a art & science. Even tho we are all using the same system we
all do it a bit differently. "We make it our own". Tms guides us but their is still
room for our individual thoughts & actions. For example when I look at your example
what I see is a triple top. From my experience with triple tops it sends up a red flag.
Does that mean that a triple top can't be broken...No, it can be broken. Do I know
exactly what is going to happen in 1/2 hour, No. Their is no 100% absolute answer.
We make our best guess & hopefully put the odds are in our favor.

To answer your current question...I will not intentionally create a loss. Once I set my stop
I will let price take me out, for better or worse. No matter how long it takes (days if need be).
Sometimes I win... sometimes I loose. That is my trading style. Their is no right or wrong
answer, it just comes down to your trading style. We all end up with our own trading rules,
which are probably different than someone Else's trading rules. You have to do what is
right for you...knowing that nothing in trading is 100%...

I hope I helped you...I can only speak for myself!
sj
  • #62,646
  • Nov 6, 2015 7:15am Nov 6, 2015 7:15am
this is one of the oldest threads here. please can someone give me a link to the summary the page is too too much. i have read up to the 100 pages but i found out therer are some improvement to the Big E's original post. help mates
  • #62,647
  • Nov 6, 2015 7:17am Nov 6, 2015 7:17am
Ok Ok , for the first time i have a real account (little becouse i heve little money), i am excited .
I think to use 0.10 lots , becouse i have only 500 in account , i hope hat it will be a quite day.
Good luck
  • #62,648
  • Nov 6, 2015 7:29am Nov 6, 2015 7:29am
GN +45 stopped at BE
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 19 KB
Trade with 60
  • #62,649
  • Nov 6, 2015 7:32am Nov 6, 2015 7:32am
Quoting LvCa
Ok Ok , for the first time i have a real account (little becouse i heve little money), i am excited . I think to use 0.10 lots , becouse i have only 500 in account , i hope hat it will be a quite day. Good luck
omg , waht xx is happen on Eur/Usd? i hope that it will go up
  • #62,650
  • Nov 6, 2015 7:35am Nov 6, 2015 7:35am
Quoting LvCa
{quote} omg , waht xx is happen on Eur/Usd? i hope that it will go up
http://www.bkassetmanagement.com/dai...d-policy_8813/
"As our colleague Kathy Lien pointed out the data set points to a possibly decent gain of 200K or so given the fact the four week moving average of jobless claims has fallen to 262K and the employment subcomponent of ISM Non- Manufacturing – generally the best predictor of NFPs – is at the 2nd strongest level since August 2005"
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #62,651
  • Nov 6, 2015 7:43am Nov 6, 2015 7:43am
Quoting heispark
{quote} http://www.bkassetmanagement.com/dai...d-policy_8813/ "As our colleague Kathy Lien pointed out the data set points to a possibly decent gain of 200K or so given the fact the four week moving average of jobless claims has fallen to 262K and the employment subcomponent of ISM Non- Manufacturing generally the best predictor of NFPs is at the 2nd strongest level since August 2005"
thank but now i I'm stuck, and my hope is that it does not go down of 10 pips, i hope
  • #62,652
  • Nov 6, 2015 7:43am Nov 6, 2015 7:43am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Hpt
{quote} Hello Price is now where it was one month ago under last NFP, PA is a waterfall like a "homerun", but now at RDL. Thats the work of big money. So this round is over. I have one order open, SL or TP, new NFP makes decision. {image} NFP gives clue - ever , look carefully! green pips
GBPUSD touchdown

now an old , poor trader is laughing .. wheelbarrow is home

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 touch.png Size: 88 KB


Profitable = TDi + HTF + SR + patience

green pips to all
from level to level - you need mental strength to reach the summit
  • #62,653
  • Nov 6, 2015 7:46am Nov 6, 2015 7:46am
Quoting LvCa
{quote} thank but now i I'm stuck, and my hope is that it does not go down of 10 pips, i hope
I lost my money!!!!
  • #62,654
  • Nov 6, 2015 7:53am Nov 6, 2015 7:53am
Quoting LvCa
Ok Ok , for the first time i have a real account (little becouse i heve little money), i am excited . I think to use 0.10 lots , becouse i have only 500 in account , i hope hat it will be a quite day. Good luck
I suggest you use 0.01 lots, and only when you are really sure you know what you are doing, go for 0.05, and only afterwards 0.10. It is very easy to blow your account if you only have 500$ and if you trade 0.10 lots.
  • #62,655
  • Nov 6, 2015 7:57am Nov 6, 2015 7:57am
Quoting LvCa
{quote} I lost my money!!!!
Hello LvCa, sorry to hear you lost your money, I hope you didn't blow your account in one trade. Could you show us your chart so we can learn together.
  • #62,656
  • Nov 6, 2015 7:58am Nov 6, 2015 7:58am
Quoting Hpt
{quote} GBPUSD touchdown now an old , poor trader is laughing .. wheelbarrow is home {image} Profitable = TDi + HTF + SR + patience green pips to all
Hello Hpt, you were on the right side of the trade. good job!
  • #62,657
  • Nov 6, 2015 7:58am Nov 6, 2015 7:58am
Quoting catalin_eros
{quote} I suggest you use 0.01 lots, and only when you are really sure you know what you are doing, go for 0.05, and only afterwards 0.10. It is very easy to blow your account if you only have 500$ and if you trade 0.10 lots.
thank you , but is too late .. i have lost all my money in account . Maybe i'll try again nex year
  • #62,658
  • Nov 6, 2015 8:04am Nov 6, 2015 8:04am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Meihk
{quote} Hello Hpt, you were on the right side of the trade. good job!


hope you made green pips also

have a nice weekend
from level to level - you need mental strength to reach the summit
  • #62,659
  • Nov 6, 2015 8:09am Nov 6, 2015 8:09am
How can you lose 500$ with 0.10 lots with the move of arround 160 pips in negative?
Trade with 60
  • #62,660
  • Nov 6, 2015 8:09am Nov 6, 2015 8:09am
Quoting catalin_eros
I do not see much to trade among my trading pairs. I suppose today will be very quiet. Everyone is patiently waiting for the NFP. I have no open positions at this time, and this week I stand with just a little over 100 pips profit from the TMS alone.
Catalin,

I want to congratulate all of the "big" winners Yea...

For those of us who go into the employment news kinda chicken
this was a great strategy

Congrats...
sj
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