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Trading Made Simple

  • #63,221
  • Nov 14, 2015 7:07am Nov 14, 2015 7:07am
Quoting tibovwh
{quote} I think for a buy trade here, we should ask ourselves, where is our SL & TP? And what is the R/R for this trade? Good weekend all,
I suppose we could also use the RN for both TP and SL. It seems like an acceptable R:R.

Good weekend to you, too!
  • #63,222
  • Edited 7:25am Nov 14, 2015 7:13am | Edited 7:25am
Pfff...

Emmanuel is fighting with PipsNinja, SJ is fighting with LastingWell... I have no one to fight with. Tibovwh, will you fight with me?
Attached Image
  • #63,223
  • Nov 14, 2015 7:15am Nov 14, 2015 7:15am
Lastingwell,

With your skills & market savvy...
You could show me around London using this method...
But I'm just a small mountain boy from Montana

I have absolutely no fight with Lastingwell at all!!!
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 24 KB
  • #63,224
  • Nov 14, 2015 7:24am Nov 14, 2015 7:24am
Quoting snarlyjack3
{quote} Lastingwell, This is the "cat's meow"...you would love it! The problem is: I get ton's of e-mail's & comments saying... "your changing things"...this isn't what BigE taught & start your own blog! Which frankly get's very old & tiring. But, having said that...if you want to make serious money this is the way...play around with it! You know what to do... Your a great trader...in all seriousness sj
Sorry, not quite sure I understand your answer, you are posting charts anyway with different things on there, so showing the actual trades on those charts shouldn't be a big leap.
  • #63,225
  • Nov 14, 2015 7:26am Nov 14, 2015 7:26am
Quoting snarlyjack3
Lastingwell, With your skills & market savvy... You could show me around London using this method... But I'm just a small mountain boy from Montana I have absolutely no fight with Lastingwell at all!!! sj {image}
I am not aiming for a fight or argument, I don't want you to show me how to trade, I thought it would be good for newbies who are looking to you apparently after Emma goes on holiday to be shown the way, it was just a suggestion nothing else.
  • #63,226
  • Nov 14, 2015 7:43am Nov 14, 2015 7:43am
Quoting lastingwell
{quote}I am not aiming for a fight or argument, I don't want you to show me how to trade, I thought it would be good for newbies who are looking to you apparently after Emma goes on holiday to be shown the way, it was just a suggestion nothing else.
Lastingwell,

I think your a great trader...maybe one of the best!

What I would like to do is...help everyone get profitable.
And really learn how to trade!

That's my goal...Eelfranz mentored me & I would like to
return all his favors that he showed me by passing on the skill.
My #1 goal is to pass on the skill of trading...
I have no other goals...just that 1 goal!
sj
  • #63,228
  • Nov 14, 2015 8:12am Nov 14, 2015 8:12am
Quoting snarlyjack3
Hidden
One question, SJ: When using DOTS on a higher timeframe than 15 minutes, the levels are kind of too close to each other, which makes it difficult to trade. Dean uses DOTS on 15 minutes, and there seems to be a little more space there. How do you manage this issue on TFs higher than 15 min?
  • #63,229
  • Nov 14, 2015 8:22am Nov 14, 2015 8:22am
Quoting catalin_eros
{quote} One question, SJ: When using DOTS on a higher timeframe than 15 minutes, the levels are kind of too close to each other, which makes it difficult to trade. Dean uses DOTS on 15 minutes, and there seems to be a little more space there. How do you manage this issue on TFs higher than 15 min?
Catalin,

Your right.

When I trade the daily chart, My entry is the apb's
going out of the pac with the guppy trend.

On the 4 hour I try to use the Dots & guppy's as much as possible.
I always try to trade with the trend. The trend is my friend &
I'll let it ride.

On the 1 hour chart & lower charts...no problem using dots.
But I still really like the pac & price leaving the pac with the trend.
I'll look for dots levels as my exit.

With this method: The Tdi is not king. Price action is king.
However, I still have the tdi on my charts & I do look at it &
see what it is doing. But it is a secondary indicator.
sj
  • #63,230
  • Nov 14, 2015 8:25am Nov 14, 2015 8:25am
Quoting snarlyjack3
{quote} Catalin, Your right. When I trade the daily chart, My entry is the apb's going out of the pac with the guppy trend. On the 4 hour I try to use the Dots & guppy's as much as possible. I always try to trade with the trend. The trend is my friend & I'll let it ride. On the 1 hour chart & lower charts...no problem using dots. But I still really like the pac & price leaving the pac with the trend. I'll look for dots levels as my exit. With this method: The Tdi is not king. Price action is king. However, I still have the tdi on my charts & I do...
Noted. Thanks, SJ!
  • #63,231
  • Nov 14, 2015 8:44am Nov 14, 2015 8:44am
Here is a series of different time frames
on the eur/usd so you can see how it looks.

Ok...guy's I gotta go...
Have fun.
sj
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 36 KB
Click to Enlarge Name: EURUSDH4.png Size: 43 KB
Click to Enlarge Name: EURUSDM30.png Size: 37 KB
  • #63,232
  • Nov 14, 2015 8:54am Nov 14, 2015 8:54am
I see some of you are looking at G/U. The direction is not so clear with this pair imo. There is TL resistence and also horizontal resistence and therefore I will not touch cable until I see a clearer picture. If sterling is strong I would rather trade G/cad .Below is the day chart of this pair. Price had broken a TL decisively. When I say decisively, I mean the open and close price is above the TL which usually mean the trend up is intact. I will look for buy
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADDaily.png Size: 57 KB
the cautious seldom err....C
  • #63,233
  • Edited Nov 15, 2015 12:59am Nov 14, 2015 9:16am | Edited Nov 15, 2015 12:59am
Quoting catalin_eros
Pfff... Emmanuel is fighting with PipsNinja, SJ is fighting with LastingWell... I have no one to fight with. Tibovwh, will you fight with me? {image}
Love the image catalin eros. I am the one on the right in your posted image (joking), one shouldn't start a fight with a Ninja.

Lastingwell has got a point. Those interested can check SJ's (snarlyjack,1,2,3) old trade predictions on this thread. His forex trading prowess enabled him to buy a Harley, he posted a picture of it to prove it. He is a super cheerleader and I love his positive attitude God bless him.
Trading can't be taught but it can be learned
  • #63,234
  • Nov 14, 2015 11:49am Nov 14, 2015 11:49am
Quoting Pipsninja
{quote} Love the image catalin eros. I am the one on the right in your posted image (joking), one shouldn't start a fight with a Ninja. Lastingwell has got a point. Those interested can check SJ's (snarlyjack,1,2,3) old trade predictions on this thread. His forex trading prowess enabled him to buy a Harley, he posted a picture to prove it. He is a super cheerleader and love his positive attitude God bless him.
I am glad you like the image. I am more of a Mortal Kombat fan, but that Street Fighter image did the trick.

In my opinion, there are many great traders, and each is successful using his/her own method. I say let the bulls fight the bears, not traders fight the traders.

I am going to pick on a fight with the market on Monday. I am fully trained and prepared.

Wishing you all the best, ninja man!
  • #63,235
  • Nov 14, 2015 11:52am Nov 14, 2015 11:52am
Quoting catalin_eros
{quote} I am glad you like the image. I am more of a Mortal Kombat fan, but that Street Fighter image did the trick. In my opinion, there are many great traders, and each is successful using his/her own method. I say let the bulls fight the bears, not traders fight the traders. I am going to pick on a fight with the market on Monday. I am fully trained and prepared. Wishing you all the best, ninja man!
Amen to that, love your posts and attitude.
Trading can't be taught but it can be learned
  • #63,236
  • Nov 14, 2015 12:37pm Nov 14, 2015 12:37pm
Quoting Pipsninja
{quote} Amen to that, love your posts and attitude.
Thanks! You're doing a great job as well.
  • #63,239
  • Nov 14, 2015 2:41pm Nov 14, 2015 2:41pm
Quoting snarlyjack3
Hidden
Fantastic thank you so much SJ! my only concern looking at Deans vids on the dots is that he`s using the 15 min tf and I had it in my head I wanted to trade off higher ones i.e, 4h + daily, any thoughts?
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