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Trading Made Simple

  • #72,901
  • Oct 31, 2016 11:23am Oct 31, 2016 11:23am
Quoting Zuiko
{quote} this : http://www.forexfactory.com/news.php?do=news&id=613068
Should we exit GBPCAD now?
  • #72,902
  • Oct 31, 2016 11:30am Oct 31, 2016 11:30am
Quoting ensale
{quote} You can't have one trade hit stop loss and add another ME.me trade as well... if your building a position, normally you have 5 entries placed, so the Stop loss is Above all these entries and it is placed if a sudden move occurs against your position, normally a ME.Me trade (all open positions) is closed once invalidation of the setup your taking occurs depending weather it is on a day chart or weekly..
ah i see now.. even with ME all position have same SL right?
  • #72,903
  • Oct 31, 2016 11:34am Oct 31, 2016 11:34am
Quoting yesmanppa
{quote} Should we exit GBPCAD now?
Where did you plan to exit.?
It's in fear when people show what they truly value.
  • #72,904
  • Oct 31, 2016 11:35am Oct 31, 2016 11:35am
Quoting yesmanppa
{quote} Should we exit GBPCAD now?
did you put SL on your trade? this kind of RED breaking news sometimes just creating a spike.. but dunno if followed by continuation
  • #72,905
  • Oct 31, 2016 11:35am Oct 31, 2016 11:35am
Quoting Zuiko
{quote} ah i see now.. even with ME all position have same SL right?
Yes..
It's in fear when people show what they truly value.
  • #72,906
  • Oct 31, 2016 11:37am Oct 31, 2016 11:37am
Quoting yesmanppa
{quote} What happen with GBPCAD??? Anyone sell GBPCAD now? I am losing ( Should i exit GBPCAD
The big banks took retailer money it happens, they have to take profits from someone on their shorts on the GBP..

End of month too.. closing the books...
It's in fear when people show what they truly value.
  • #72,907
  • Oct 31, 2016 11:41am Oct 31, 2016 11:41am
Quoting ensale
{quote} Where did you plan to exit.?
I intend to close the transaction for fear GBPCAD will continue to rise further
  • #72,908
  • Oct 31, 2016 11:42am Oct 31, 2016 11:42am
Quoting Zuiko
{quote} did you put SL on your trade? this kind of RED breaking news sometimes just creating a spike.. but dunno if followed by continuation
I do not put the stop loss should be worried prices continue to rise and more holes
  • #72,909
  • Oct 31, 2016 11:44am Oct 31, 2016 11:44am
Quoting yesmanppa
{quote} I intend to close the transaction for fear GBPCAD will continue to rise further
Well it has stopped at Yesterday high, if you really want to cut it, go ahead.. .. but if it breaks above Yh then cut it..

What happens when It turns around?
It's in fear when people show what they truly value.
  • #72,910
  • Oct 31, 2016 11:53am Oct 31, 2016 11:53am
Quoting ensale
{quote} Yes..
but what if i open another short, it wont be TMS trading anymore
  • #72,911
  • Oct 31, 2016 12:00pm Oct 31, 2016 12:00pm
Quoting Zuiko
{quote} but what if i open another short, it wont be TMS trading anymore
That depends what chart time frame your trading? if your trading TMS D1, you building entries with ME.ME entries, if you look at any trade there are times where you are offside, it doesn't matter weather your trading M5/H4/W1, so we use this to our benefit in day charts and build our entries...

Trade calm and be In control..
It's in fear when people show what they truly value.
  • #72,912
  • Oct 31, 2016 12:08pm Oct 31, 2016 12:08pm
Quoting ensale
{quote} That depends what chart time frame your trading? if your trading TMS D1, you building entries with ME.ME entries, if you look at any trade there are times where you are offside, it doesn't matter weather your trading M5/H4/W1, so we use this to our benefit in day charts and build our entries... Trade calm and be In control..
i trade at 4H.. so even im on DD H4 i can open more position on lower TF like m15-h1 when the price start reversing, but with the same SL with previous position, am i right?
sorrry for my bad english
  • #72,913
  • Oct 31, 2016 12:13pm Oct 31, 2016 12:13pm
Quoting Zuiko
{quote} i trade at 4H.. so even im on DD H4 i can open more position on lower TF like m15-h1 when the price start reversing, but with the same SL with previous position, am i right? sorrry for my bad english
Forget this approach for now, learn to trade SE/SE first on H4 first then think about Multiple entries and exits..
It's in fear when people show what they truly value.
  • #72,914
  • Oct 31, 2016 12:20pm Oct 31, 2016 12:20pm
Be a shark

Inserted Video




Motivating video...
It's in fear when people show what they truly value.
  • #72,915
  • Oct 31, 2016 12:47pm Oct 31, 2016 12:47pm
Quoting emmanuel7788
{quote} I did ... my TMS Monitor alerted me at the last H4 candle close.
Why would you enter short? The D1 is above 5 ema, the H4 is ranging, and you were inside a MC.
  • #72,916
  • Oct 31, 2016 12:58pm Oct 31, 2016 12:58pm
Quoting emmanuel7788
{quote} But when you want to trade H4 5-Method like Big E, then he said the TDI is king.
And still, this post tells a different story...
  • #72,917
  • Oct 31, 2016 1:00pm Oct 31, 2016 1:00pm
Quoting emmanuel7788
Being right and making money are two different things read this
The link is not working...
  • #72,918
  • Oct 31, 2016 1:42pm Oct 31, 2016 1:42pm
Quoting Tekkies
{quote} Red not 12 / 2 Green / Red not same direction Going into / heading for support Long wick top - losein up momentum
Hi Tekkies, I thought the green line had to cross the red in the 12/2 slope (for bull direction). I also didn't know that red direction was important. Can you explain a bit please?

Thanks,
bunne
  • #72,919
  • Oct 31, 2016 3:53pm Oct 31, 2016 3:53pm
Hi all,

Previous week was first very good, then it totally got messed up ... I did some mistakes where I learned from:

- overtrading (just wanted to trade even I knew the setups were not perfect)
- placed no stoplosses
- bad entry points on 4-5th candle
- too much bounce trades (should first exercise with the "obvious" reversal trades)

All the bad things in one... glad I still have a demo account

Today is a new week and really want to do better. Feel free to give comments on my 4 ongoing entries !

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Emm, Trekkies and other experts I have some specific questions:

1) for placing SL: mostly the high of the previous candle I read. Is that (always) the candle where the TDI cross took place or the previous candle where entered the trade (so the 2nd candle enter = place SL above 1ST candle)?

2) what is the average holding time for 4Hr timeframe? Often more then a week or just 1-2 days? BigE mentioned that average 8 candles will go in trend so I think that would be max 2 days?

3) open trades: close out on friday or just go into the weekend if all indies look good?

Thanks!
bunne
  • #72,920
  • Oct 31, 2016 4:28pm Oct 31, 2016 4:28pm
Quoting bunne
{quote} Hi Tekkies, I thought the green line had to cross the red in the 12/2 slope (for bull direction). I also didn't know that red direction was important. Can you explain a bit please? Thanks, bunne
http://www.forexfactory.com/showthre...43#post9212443
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