Trading Made Simple | Page 3292 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #65,821
  • Feb 16, 2016 2:56am Feb 16, 2016 2:56am
Today has been concerned about GU, just 1 hour chart gives a very good signal, but did not play, because at that time in the 4 hour WRB, now 4 hours before the closing and a few minutes, breakthrough is the inevitable the, so I think this is a very good 4 hours entry points, ME/ME money management strategy first entry, price is not good, but can use later entry positions to share price, achieve a more ideal average price, if you are a more aggressive traders, just in 1 hour chart entry, you now have the a considerable benefits
Attached Image (click to enlarge)
Click to Enlarge Name: 无标题5.png Size: 26 KB
  • #65,822
  • Feb 16, 2016 2:57am Feb 16, 2016 2:57am
David Cameron is in Brussells negotiating a deal with the EU, might be an idea to leave the GBP alone for a few days, there just might be some wild swings.
  • #65,823
  • Feb 16, 2016 2:59am Feb 16, 2016 2:59am
Quoting tibovwh
Last week I started building GBPCAD Longs ME/ME. Unfortunatly I was stopped out tonight below 1.99 2% Loss Best, {image} {image}

but there was no long last week in a prolonged sideways market
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,824
  • Feb 16, 2016 3:03am Feb 16, 2016 3:03am
Quoting pete.alfa
Hi Emmanuel What do you think about Gold? H4 price was at 50ema and stochatic is below 20 and TDI is about to cross and price is around monthly R/S Daily price pullback at fib38.2(continue the trend) but TDI & stochastic crossed down above 68 Best regards {image}

lost a bit of its shine this week ....
no need for fibos, the Chinese buyers do not believe in fibos ... they keep the world largest stock pile of that precious metal.
they buy what if of value to them ... even French Chateau
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,825
  • Feb 16, 2016 3:04am Feb 16, 2016 3:04am
Quoting emmanuel7788
{quote} MN is sideways , but very wide range. this years' target is the high of 2015. W1 - we have a Bullish Engulfing Bar BUEB close last week, and with 1.9900 as support, this week is buy with ME/ME. the ADR (100days) is about 190 pips, use this for the trade lot size. minimum distance between trades, is 0.5ADR(100)... ca 95pips, round up to 100pips distance between each ME trade entry. D1 chart - couple of near term resistance, these should not pose any problem when we trade with ME/ME ... but that historical resistance 2.0450 RN 2.0500 other...
Well, in hindsight.. I guess I wanted to be the early bird again...
  • #65,826
  • Feb 16, 2016 3:12am Feb 16, 2016 3:12am
Quoting tibovwh
{quote} Hi, I have read about this so many times but so far, I haven't yet fully understood what this means. Is this a general thing, just recovering it while you are doing what you were doing, or do you trade the opposite direction with the trade invalidation to recover this loss? Or have you posted something about this that I have missed before? Would be great if you could point me in the right direction... Best,

you know I monitor 15 pairs in groups ...
read this post:
http://www.forexfactory.com/showthre...39#post8740839

but I don't trade them all at the same time.

the JPY pairs have the same denominator, when I traded AJ and UJ last weeks, I keep my eyes on the other pairs too.
When AJ went into trouble, I start look at the other pairs to see if there is same and common cause.

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


You can start recovery before AJ hit CutLoss or you can start recovery after you CutLoss AJ.
In my case, I chose to trade UJ when the IB breakout potential was there on Monday.
After AJ CutLoss, there was trade invalidation and you can take the opposite trade setup as recovery.

to trade fulltime, you have to be in the market all the time to make money.
that is why I mention that we must have a Plan A and a Plan B, even worst case we have a Plan C.

its hard work and that's the life being a fulltime trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,827
  • Feb 16, 2016 3:13am Feb 16, 2016 3:13am
Quoting tibovwh
{quote} Well, in hindsight.. I guess I wanted to be the early bird again...

sometimes, it is even better to be chicken... and do nothing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,828
  • Feb 16, 2016 3:22am Feb 16, 2016 3:22am
Quoting emmanuel7788
{quote} lost a bit of its shine this week .... no need for fibos, the Chinese buyers do not believe in fibos ... they keep the world largest stock pile of that precious metal. they buy what if of value to them ... even French Chateau
''no need for fibos, the Chinese buyers do not believe in fibos ... they keep the world largest stock pile of that precious metal. they buy what if of value to them ... even French Chateau''

Thank you Emmanuel
  • #65,829
  • Feb 16, 2016 4:00am Feb 16, 2016 4:00am
What is BRN? Thank you!
  • #65,830
  • Feb 16, 2016 4:08am Feb 16, 2016 4:08am
Big Round Number Ygr, like 00, 50...I think..anyone could correct me if im wrong?
“Stops don’t limit profits — they prevent disasters.”
  • #65,831
  • Feb 16, 2016 4:47am Feb 16, 2016 4:47am
Quoting emmanuel7788
{quote} to trade fulltime, you have to be in the market all the time to make money. that is why I mention that we must have a Plan A and a Plan B, even worst case we have a Plan C. its hard work and that's the life being a fulltime trader.
Hi Emmanuel
May I ask how many hours you worked for a day in 2015 when you were working full time to be so successful? And what was your working hour?

Thank you
  • #65,832
  • Feb 16, 2016 4:50am Feb 16, 2016 4:50am
Quoting Dagaco
Big Round Number Ygr, like 00, 50...I think..anyone could correct me if im wrong?
Correct it also can be 000,250,500,750 for 5digits
  • #65,833
  • Feb 16, 2016 5:09am Feb 16, 2016 5:09am
Heres EA long at LO for +50 pips, M15 and H1 chart
Attached Image (click to enlarge)
Click to Enlarge Name: div.jpg Size: 420 KB
I Have Learned to Take Some Losses to Make Profits
  • #65,834
  • Feb 16, 2016 5:47am Feb 16, 2016 5:47am
Had double confidence on this one, green line below the 50 as I mentioned before, does actually conform to TMS rules, but also S/R and the triangle if you switch to 1hr trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h4-oanda-division1.png Size: 43 KB
  • #65,835
  • Feb 16, 2016 5:52am Feb 16, 2016 5:52am
Quoting Bushy
Had double confidence on this one, green line below the 50 as I mentioned before, does actually conform to TMS rules, but also S/R and the triangle if you switch to 1hr trade. {image}
I'm still holding this one short. Why exactly does it say "Actual loss: 13.xx"? I don't see where you were stopped out?

Best,
  • #65,836
  • Feb 16, 2016 5:57am Feb 16, 2016 5:57am
Quoting Bushy
Had double confidence on this one, green line below the 50 as I mentioned before, does actually conform to TMS rules, but also S/R and the triangle if you switch to 1hr trade. {image}
nice trade!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,837
  • Feb 16, 2016 6:23am Feb 16, 2016 6:23am
Quoting pete.alfa
{quote} Hi Emmanuel May I ask how many hours you worked for a day in 2015 when you were working full time to be so successful? And what was your working hour? Thank you

Hi Pete,

I am retired so I don't work.
For trading fulltime, last year my average trading hours was about 10 to 11 hours per day.
that is because I traded H1 Intraday during the Tokyo session (3 to 4 hours) then (for 5 to 6 hours) the European session from Frankfurt open till New York open.
Those are what I consider a my trading business hours where I have to be available and have online access.
During those hours I can manage my 4H swing trades which require checking every 4-hours and also Day position trades which I check any time during the day.

But for this year, no more H1 intraday trades so I reduce my online hours to around 3 to 4 hours each day for 4H and D1 chart TF trading.

By the time NY open, it is my bedtime and I can sleep a full stretch 6 to 8 hours.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,838
  • Feb 16, 2016 6:42am Feb 16, 2016 6:42am
hey,

one of my open trades is this one.

it is a valid entry, right?

i think so, because 1d TF is still trending down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH4 ff.png Size: 103 KB
Click to Enlarge Name: EURJPYDaily ff.png Size: 108 KB
  • #65,839
  • Feb 16, 2016 6:45am Feb 16, 2016 6:45am
Quite risky as daily Stoch preparing to move up.

Guys?
  • #65,840
  • Edited 11:35am Feb 16, 2016 6:57am | Edited 11:35am
Quoting tibovwh
{quote} I'm still holding this one short. Why exactly does it say "Actual loss: 13.xx"? I don't see where you were stopped out? Best,
That's my position size calculator, The 15.000 is the max loss in account currency, i.e £15, then I place the red line where my stop loss will be then it gives me the number of lots at the top to place, so the 'Actual Loss' would be the loss I would encounter if the trade went against me.
39 traders viewing now, 1 is registered:
dahlma3