Hi guys. I'm teaching myself the importance of risk-reward aspect of trading, with aspects of entry/exit techniques. I've decided that since the general saying the trend is your friend and a trend is more likely to continue than not i've decided to ...

Trading Made Simple

The trouble I'm having at the moment is when you see the ranging market like that, you know it is building a cause to move, however it isn't until after the initial move that you know something is happening. However I also often get faked out by ...

Trading Made Simple

Opps. I didn't mean to start any thread bashing, I just wanted to see some successful people post their fails.

Trading Made Simple

It seems to me, from my newbie perspective, that the actual trading system isn't that important. The major discussed ones work enough at least. From my fumbling in the dark I'm starting to come to the conclusion that the exit strategy is probably ...

Trading Made Simple

Thanks for the chart MrAussieFX. I see you are using, what I assume, is updated TDI indicator settings. Your one seem to have a better fail rate? edit: Also, sorry for the eye bleeding charts.

Trading Made Simple

Wouldn't you believe, I go to show some examples of what I mean and BAM! they ALL are good. The only difference I can see is that the ones that were all good had a strong long term downtrend going on, clearly visible on the hourly chart. How can you ...

Trading Made Simple

Ok, So what would you do here? The Cross was down on the 2nd last candle, the following candle is just a little after open. It has a nice angle on the green curve, it's crossed under red, stochs point down nicely too. Those colours are market times, ...

Trading Made Simple

What is it that I'm seeing that makes me make the complete wrong call at almost exactly the right time so often? Surely the experienced traders have experienced this whilst learning, what do you think it was when it happened to you?

Trading Made Simple

It's amazing how often I pick the very tops and bottoms of a move... in the opposite way I want :/

Trading Made Simple

Oh I'm not using an EA to test the strategy. The EA is just a empty shell that starts the visual tester in MT4, then you can use indicators and trade as would normally, you can't switch timeframes though. That way you can trade based on the setup ...

Trading Made Simple

I have to wonder, is it simply luck for these people, they just happened to be the ones who fluke more wins than loses? I notice that names of people in these threads seem to last around 1 yearish than disappear. Is that because they irrecoverably ...

Trading Made Simple

Hi everyone, I've been reading this thread since the start, I'm at page 30 and post 500. I've been trying to trade this system and getting pretty mixed results. Certainly nothing like people are reporting in the thread back then. Now I fast forward ...

Trading Made Simple

I do have a question. Have you witnessed that your buying or selling has pushed a bar with any meaningful force. What size trades are required to push a bar? Lets say you had a very large bank account and you wanted to hunt for peoples stops. How ...

Magic 5 - five pips only

Well I don't so much have direct questions, the thread pretty much covers it all. I just have to trade the trade until I get an innate feeling of pullbacks/breakouts, learn a little patience and get a more solid feeling with the pairs that have a ...

Magic 5 - five pips only

I'm seeing how the transition from 15m to 1m takes place around this time, a lot of setup potentials with 5-10 pip bars on 1m charts.

Magic 5 - five pips only

So, How did I go? I ballsed it up, jumped the gun and entered too early. However I managed to nurse it through the 1min with a 2nd 5 pip trade which brought my overall loss quite low. I nursed it selling at the downturn of the first peak. Overall ...

Magic 5 - five pips only

Watching this potential setup now: image You may notice I'm looking to short above the 200MA, but I figure the setup is pretty solid for a quick 5 pip dip. The breakout of the recent downtrend is a slight concern, but I figure a small pullback ...

Magic 5 - five pips only

Also I would like to add I see lots of talk about Stop Loss. Again to keep with fighting analogy (and also TK5's original opening statements for this system). If you are afraid of taking a punch to the face (or anywhere), so afraid that you ...

Magic 5 - five pips only

Hello everyone, I've been reading every post of this thread so far, up to page 25. I've been using a demo account, ECN, as I learn the technique. I see people adding all sorts of crap to the simple system. I feel this needs to be said, a quote by ...

Magic 5 - five pips only