Trading Made Simple | Page 4011 | 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

  • #80,201
  • Jun 13, 2017 3:28am Jun 13, 2017 3:28am
Basically lost all profits on GBPUSD..... Was still up 200 pips this morning then it retraces to over 1.27000 and stops all of my trades out...

One day I will learn to not be greedy and take profits. I still ended up just over BE but still... Pretty mad at my own greed once again.;
  • #80,202
  • Jun 13, 2017 4:01am Jun 13, 2017 4:01am
Try to create a system to take profits. You can have 3 TPs:
1. Take it on the same distance as your SL
2. Second profit on extended move
3. trail the 3th TP

Works great and you wont have this loss = BE is a loss
  • #80,203
  • Jun 13, 2017 4:05am Jun 13, 2017 4:05am
EURAUD Week 24 June 13 H4 buy setup

... a 50:50 trade, take some risk. Go for it.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 24 June 13 H4 buy setup.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,204
  • Jun 13, 2017 4:15am Jun 13, 2017 4:15am
Quoting emmanuel7788
EURAUD Week 24 June 13 H4 buy setup ... a 50:50 trade, take some risk. Go for it. {image}

Break of the daily trend has to start somewhere right? I'd rather risk 30 pips to potentially get in at the start of the new trend than wait and miss the entry completely!
  • #80,205
  • Jun 13, 2017 4:48am Jun 13, 2017 4:48am
Quoting Seshwaan
Basically lost all profits on GBPUSD..... Was still up 200 pips this morning then it retraces to over 1.27000 and stops all of my trades out... One day I will learn to not be greedy and take profits. I still ended up just over BE but still... Pretty mad at my own greed once again.;
I started dabbling with forex almost 10 years ago. I have to say, for me, being greedy, revenge trading, and not closing trades when I should has killed my demo accounts every time. I have taken two years off, and am just reacquainting myself again, hopefully it will be better this time, lol.

So when I hear you say "Pretty mad at my own greed once again", I totally feel that. Good luck getting back into a positive trade again soon.
  • #80,206
  • Jun 13, 2017 5:06am Jun 13, 2017 5:06am
Quoting slc12312
{quote} I started dabbling with forex almost 10 years ago. I have to say, for me, being greedy, revenge trading, and not closing trades when I should has killed my demo accounts every time. I have taken two years off, and am just reacquainting myself again, hopefully it will be better this time, lol. So when I hear you say "Pretty mad at my own greed once again", I totally feel that. Good luck getting back into a positive trade again soon.

Lol thanks for letting me know I am not alone!!

"I have to say, for me, being greedy, revenge trading, and not closing trades when I should has killed my demo accounts every time"

These are my biggest problems at the moment, all 3 basically tie into each other as it starts with being greedy and not closing trades, then those turning into either BE or small losses and then begins the revenge trading... And then when revenge trading actually works I don;t close the trades due to more greed and it goes back around full circle....

I am learning though and am getting better everyday so I don;t mind. I am only demoing now and am prepared to demo for a year + if I have to
  • #80,207
  • Jun 13, 2017 5:11am Jun 13, 2017 5:11am
Quoting Seshwaan
{quote} Lol thanks for letting me know I am not alone!! "I have to say, for me, being greedy, revenge trading, and not closing trades when I should has killed my demo accounts every time" These are my biggest problems at the moment, all 3 basically tie into each other as it starts with being greedy and not closing trades, then those turning into either BE or small losses and then begins the revenge trading... And then when revenge trading actually works I don;t close the trades due to more greed and it goes back around full circle.... I am learning...
You are not alone for sure.
Every person has this little beast inside. It is impossible to tame that beast in you no matter how discipline you are.
Once a while that beast take control and our trading suffers. It is in the human DNA. I used to think that I am very discipline and have that beast in me tamed.
But I learn every day, every week that this beast get smarter each day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,208
  • Jun 13, 2017 5:25am Jun 13, 2017 5:25am
Quoting emmanuel7788
{quote} You are not alone for sure. Every person has this little beast inside. It is impossible to tame that beast in you no matter how discipline you are. Once a while that beast take control and our trading suffers. It is in the human DNA. I used to think that I am very discipline and have that beast in me tamed. But I learn every day, every week that this beast get smarter each day.
Thanks Emm, this gives me hope.

Maybe we do not need to conquer this beast but to circumvent it? The circle cannot complete if we remove one part of it.

For me at least I do not have any clear target in mind. I have SL but no TP. If I have a clear TP this will help me keep winning trades as winning and thus, hopefully, stop me revenge trading and getting greedy. No need to tame the beast if you stay disciplined and rarely let yourself get into that situation!
  • #80,209
  • Jun 13, 2017 7:09am Jun 13, 2017 7:09am
Hi Emanuel
Cloud you please tell your PAC line setting in your chart
Thanks
Quoting emmanuel7788
{quote} You are not alone for sure. Every person has this little beast inside. It is impossible to tame that beast in you no matter how discipline you are. Once a while that beast take control and our trading suffers. It is in the human DNA. I used to think that I am very discipline and have that beast in me tamed. But I learn every day, every week that this beast get smarter each day.
  • #80,210
  • Jun 13, 2017 7:13am Jun 13, 2017 7:13am
Quoting emmanuel7788
EURAUD June 13 H1 Frankfurt Open candle Buy when FO bar/candle closes? {image} What is that fails? Will you do the turn around and sell later?

EURAUD H1 trade setup 60 pips up since FO bar/candle open.

How many pips did you grab from this move?

Let's watch H4 now if this would run up to 1.4950 and 1.5000. Weekly range is 280 to 360 pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,211
  • Jun 13, 2017 10:45am Jun 13, 2017 10:45am
Hi, Would you please direct where can I get TDI downloaded with installation instructions for MT4.
  • #80,212
  • Jun 13, 2017 1:26pm Jun 13, 2017 1:26pm
Quoting mortezakh
Hi Emanuel Cloud you please tell your PAC line setting in your chart Thanks {quote}

It is the same PAC the two yellow MAs which Big E removed.

see this old post where he started trading the Synergy model.

https://www.forexfactory.com/showthr...81#post4546281
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,213
  • Jun 13, 2017 1:28pm Jun 13, 2017 1:28pm
Quoting FXBeam
Hi, Would you please direct where can I get TDI downloaded with installation instructions for MT4.
hi
check this out
https://www.forexfactory.com/showthread.php?t=654871
  • #80,214
  • Jun 13, 2017 1:30pm Jun 13, 2017 1:30pm
Quoting FXBeam
Hi, Would you please direct where can I get TDI downloaded with installation instructions for MT4.
my direction is to READ, READ, READ......

You can have three options:

Option #1: Go to this post link, read and follow that post.

https://www.forexfactory.com/showthr...80#post9661780

Option #2: Go to this post link, download and read those two pdfs files.

https://www.forexfactory.com/showthr...31#post9656031

Option #3: Click and read One, Two and Three
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,215
  • Jun 13, 2017 1:49pm Jun 13, 2017 1:49pm
Quoting emmanuel7788
{quote} who have very deep pockets to drive price down 200pips from 1.2900 to buy at that 1.2700 level? what if you can see the actual real volume of orders at 1.2700? but without central exchange for spot forex, we cannot see the real transacted orders volume. beware around London lunch time today Friday June 9. {image}
Today we get brief relief with support at 1.2650.
How will GU react to FOMC when NY session tomorrow?
Surely there will be volatility.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week24 June 13 12650 support.png Size: 31 KB



Trade Safe, Trade with Stop Loss and Do Not hold on to losing positions and holding on to floating losses through extended drawdown DD period.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,216
  • Jun 13, 2017 5:08pm Jun 13, 2017 5:08pm
Thanks Emma
Quoting emmanuel7788
{quote} It is the same PAC the two yellow MAs which Big E removed. see this old post where he started trading the Synergy model. https://www.forexfactory.com/showthr...81#post4546281
  • #80,217
  • Jun 14, 2017 2:01am Jun 14, 2017 2:01am
Quoting emmanuel7788
{quote} Hi, I am still bullish with NZD. Friday was some profit taking as price move down briefly which tempted short term sellers to jumped in and sell. With open buy positions held over the weekend, I have my protective SL below last Wednesday low. Since Friday did not make a higher high, I could not move my SL. If Monday makes a higher high, then I can possibly move my SL to below last Thursday low. Not very much, only 15 pips higher. Not to chase after NZDUSD next week, but safer trade next week would be to sell GBPNZD. Trade Well, be safe and...

NZDUSD Week 24 June 14 update:

Today looking good as it makes a higher high and higher low, keeping the bullish structure.
Final TP target 0.7250 in sight. Close soon before today' FOMC during NY session. No need to be greedy and hope for more.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 24 June 14 update.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,218
  • Jun 14, 2017 2:04am Jun 14, 2017 2:04am
Quoting emmanuel7788
{quote} NZDUSD Week 24 June 14 update: Today looking good as it makes a higher high and higher low, keeping the bullish structure. Final TP target 0.7250 in sight. Close soon before today' FOMC during NY session. No need to be greedy and hope for more. {image}
oh my... that NU still bullish since the golden cross weeks ago.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #80,219
  • Jun 14, 2017 2:26am Jun 14, 2017 2:26am
Quoting v2vboni
{quote} oh my... that NU still bullish since the golden cross weeks ago.

you remember that TDI Golden Cross 4 weeks and it took several days for the PA to move above the PAC.
so far one of the best trending move this year.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,220
  • Jun 14, 2017 2:59am Jun 14, 2017 2:59am
Recently thru my friend i got to know about this thread and it was amazing and following the footsteps of Big E...

I need a clarification on TDI in our previous threads i got to know if my TDI is > 68 there is a possibility of it can come down(Keeping all the Green and Red cross over all in mind) and similarly if my TDI is < 32 there is a possibility it may go up.

Now my question is whether it is for all time frames or this 68 and 32 is applicable only for 4 hrs timeframe ?

Can someone guide me on this please ?

Regards,
Denzil
119 traders viewing now