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Trading Made Simple

  • #66,061
  • Feb 22, 2016 7:23am Feb 22, 2016 7:23am
Quoting stefan17
Price action trade GBP/USD 248 Pips Profit {image}
Hello Stefan,
this thread is ONLY TMS THREAD,

please don't pollute


regards, Dan
  • #66,062
  • Feb 22, 2016 8:05am Feb 22, 2016 8:05am
The ME/ME trades for 2016 Week 7

I am very sorry for the late post because I was quite busy with my work last week, so I didn't trade a lot in the market.

Last week was the tough week for trading, there were not too many trading opportunities for me so I traded each potential available currency pairs with care.

Since last Thursday, I had placed several orders for EUR, JPY and XAU pairs. Today, both EUR and XAU pairs have a good move, I have closed some trades for EUR/USD, EUR/AUD and XAU/USD so far, and now only let the very small position size of the trades open in order to wait for the close of today's daily candles, and then decide whether to exit by tomorrow morning or stay in and expect for couple of days more.


The summary for Week 7 is shown below:
Total Trades: 34
Winning Trades: 27
Losing Trades: 7
Average Winning Pips per Trade: 23.83
Average Lot Size per Trade: 0.18
Average Winning Amount per Trade: $43.40
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  • #66,063
  • Feb 22, 2016 8:15am Feb 22, 2016 8:15am
Quoting Trader MT4
{quote} Hello Stefan, this thread is ONLY TMS THREAD, please don't pollute regards, Dan
Agreed
Out of respect to the late eelfranz, if a trade was not entered based on the TMS method it has no place here.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,064
  • Feb 22, 2016 8:17am Feb 22, 2016 8:17am
Hi traders. In the EUR/NZD, do you think this is the beginning of the RUN phase?

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  • #66,065
  • Feb 22, 2016 8:26am Feb 22, 2016 8:26am
Today's ME/ME close trades for XAU/USD, total gain 256pips, now the price moves between the Fibo 23.6 line and the historical MN line. On the daily chart, it just passed the 10EMA dynamic support and then bounced off above 10EMA, if the price can break and close below 10EMA, tomorrow morning at the open of the daily candle, I will add another trade to increase the position size based on my money management method.
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  • #66,066
  • Feb 22, 2016 8:44am Feb 22, 2016 8:44am
would anyone know why when I try to open a trade with LFH simulator nothing happens?
  • #66,067
  • Feb 22, 2016 8:53am Feb 22, 2016 8:53am
Today's ME/ME close trades for EUR/AUD, total gain 477pips. Price just broke Fibo 50.0 line and reached the last swing low on the daily chart. In addition, the APB daily candle has already run for 7 red candles, and its 7th candle (today's candle) has a big body showing the very strong downtrend momentum, tomorrow may have some retracement. Also my trading plan expected 5-8 APB candles for this pair, so I closed all my trades for this one and avoided the risk. I will be patient and wait for another opportunity to re-enter.
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  • #66,068
  • Feb 22, 2016 8:54am Feb 22, 2016 8:54am
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Hi Friends!! My first try with H1..I was so scared... although I prefer to trade 4h, I want to learn how to trade 1H because i always see good oportunities, any advise to overcome fear? i left a lot of people on the table here as you guys see.....

Thank you.
“Stops don’t limit profits — they prevent disasters.”
  • #66,069
  • Feb 22, 2016 8:56am Feb 22, 2016 8:56am
I meant pips !
“Stops don’t limit profits — they prevent disasters.”
  • #66,070
  • Feb 22, 2016 9:02am Feb 22, 2016 9:02am
Quoting Next4467
would anyone know why when I try to open a trade with LFH simulator nothing happens?
There is another one inside the paperclip next. Named FXBLUE. You can try that.
Sad i'm not trying to understand PA
  • #66,071
  • Feb 22, 2016 9:03am Feb 22, 2016 9:03am
Quoting emmanuel7788
{quote} EURAUD trade update: Took profit 2 trades, +28pips +147pips. Re-entry made. {image}
Hay emma
i lil bit curious,when u chart said 147 pips
it is on 5 digit broker isnt it?
  • #66,072
  • Feb 22, 2016 10:16am Feb 22, 2016 10:16am
Quoting Lookleft
{quote} Agreed Out of respect to the late eelfranz, if a trade was not entered based on the TMS method it has no place here.
Isn't price action part of TMS???????????????????????????
  • #66,073
  • Feb 22, 2016 10:23am Feb 22, 2016 10:23am
Quoting Lookleft
{quote} Agreed Out of respect to the late eelfranz, if a trade was not entered based on the TMS method it has no place here.
Thanks for help Lookleft
  • #66,074
  • Feb 22, 2016 10:27am Feb 22, 2016 10:27am
Quoting stefan17
{quote} Isn't price action part of TMS???????????????????????????
Yes in combination with APB and TDI
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,075
  • Feb 22, 2016 10:28am Feb 22, 2016 10:28am
Quoting Dagaco
{image} Hi Friends!! My first try with H1..I was so scared... although I prefer to trade 4h, I want to learn how to trade 1H because i always see good oportunities, any advise to overcome fear? i left a lot of people on the table here as you guys see..... Thank you.

Bravo Dagaco
  • #66,076
  • Feb 22, 2016 10:34am Feb 22, 2016 10:34am
Quoting stefan17
{quote} Isn't price action part of TMS???????????????????????????
No! Remove Butterfly, add TDI, and consider Basic TMS rules. Eelfranz is main Rule here

Dan
  • #66,077
  • Feb 22, 2016 11:30am Feb 22, 2016 11:30am
Quoting omonisha
{quote} There is another one inside the paperclip next. Named FXBLUE. You can try that.

Thanks omonisha
  • #66,078
  • Feb 22, 2016 11:39am Feb 22, 2016 11:39am
Quoting stefan17
Price action trade GBP/USD 248 Pips Profit {image}
Sorry but what has this got to do with TMS?
  • #66,079
  • Feb 22, 2016 12:29pm Feb 22, 2016 12:29pm
This is my Sunday overnight trade got out at 55 pips because of what time it was.
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  • #66,080
  • Feb 22, 2016 1:23pm Feb 22, 2016 1:23pm
My DUMB AUDJPY Daily ME/ME trade summary (2/17~2/22):

My Initial Entry was 81.655 LONG on D chart, 2/17.
SL line calculated using 2* ADR(100 days), it came out 79.187, however. it was above the low of MN WRB,
so I adjusted it to 78.911(below the low of MN WRB). 2 buy limit pending orders triggered.
So, total of 3 ME, Each add on was 0.5 ADR in distance.

The dumb thing I did....
I closed them all before LO, with almost breakeven.
Because I thought the trade was invalided because it had been consolidating for few days (D chart)..
and would like to wait and see how the day setup be like in the end of day before I make the next move.
As you guys all knew, the price went up all the way and touched 82.000 (why I closed them SO EARLY)

What was I thinking?..

  1. I was too scared that the price would fall back.
  2. Forgot I was building a position and I already had a % risk of money under control.
    Should let it run, and plan my invalided area below my position building zone.
  3. Didn't notice H4 had a good momentum, when price was hesitating near 81.000,
    and I thought that was the end of swing without waiting for the H4 candle to close.

What I realized about me...
1. I found out that when I spent too much time viewing my chart or profit/loss, I would do something stupid like closing trades...(missed many RUN phases )
2. I focus too much about profit/loss as currency instead of as points. When seeing lot of money losing really destroy one's mind.
(Sometimes, when I'm outside, i'll take a peek of MT4 via my mobile phone, anybody know how to change profit/loss as currency to point ?)


Hope everyone had a good trade.

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