Nice trade

Trading Made Simple

Been waiting for this trade for a few days and finally got it. When I took the trade, there was resistance just below where my stop loss line is showing. Price had made 4 attempts at breaking it and got forced back, taking any of the other buys on ...

Trading Made Simple

If you go to post #1 that will give you eelfranz's view of TMS and then in the attachments (paper clip at the top of the page) you will find in there a couple of pdf's of eelfranz's posts.

Trading Made Simple

Yes there are variables, too many variables for me to mention here, in every trade and in every trader, but you can only look at the edge you think you have and trade it. Take the USDCHF you mentioned. Personally I wouldn't be bothered to wait for ...

Trading Made Simple

I'm sorry, I must have missed where someone asked you to post that again?

Trading Made Simple

Ok thanks for clearing that up, we now have another name for candle 2, so long as I know I can keep up

Trading Made Simple

Good to see you starting your journal, now get busy with those charts Good luck Kelly.

Guccilicious

You must have mixed up which post I was referring to, although I did quote it in my post. I was answering the comment you made: we small retail traders have no chance when we only look for TDI cross - made a little while after the news - and my ...

Trading Made Simple

And sometimes taking notice of the tdi cross on h4 and going in on the second candle would mean you're +70 pips as in the case of EA, I wasn't one of them but I bet there are a lot of traders that are.

Trading Made Simple

My other trades this week, 2 H4 trades and 1 H1. +100 on each. The GA was taken a couple of minutes before the close of the previous bar to the one shown in the first picture as I was waiting for m15 to show some signs of life, taken because of the ...

Trading Made Simple

Been an extremely good week so far for pips, only got time at the moment to post the latest but will post the rest tonight when I get back home. I had to go out, but it was a nice bounce off the mbl, in agreement with h4, so put a trailing stop on ...

Trading Made Simple

He's gone on holiday, I think he'll be back in about 3 weeks and I'm sure he'll tell us all about it when he gets back.

Trading Made Simple

Of course you can and only he knows the answer to that, I always set my take profit at 100 pips but I do as he does and if I dont like the trade I come out well before that, other times it will run on to the 100. Why 100? Its a nice round number

Trading Made Simple

You never know whats going to happen?

Trading Made Simple

He said he has a take profit of 70 pips, not that he expects to bank it on every trade. He said he averages 130 pips per week, thats an average of less than 30 pips per day.

Trading Made Simple

I would say that "position building" (only called this by the way for "pro traders", if a newer trader does it its called "adding to a losing position") is a very dangerous thing for any new trader to be doing. Here's a novel idea and not sure if ...

Trading Made Simple

Yes if I'm trading h4 I would look at the daily for a hint, if I'm looking to trade on any timeframe I go to the next timeframe up just to see if its likely to go as far as I want it to. The moves start on the smaller timeframes obviously, but ...

Trading Made Simple

As wdays has said in his post, I don't look at the "trend" but I need some sort of hint the higher timeframe maybe about to turn. That can be a candle pattern, divergence, trendline something to tell me. I explained what I'm looking for in this ...

Trading Made Simple

If on h1 I will very rarely go against the h4, I need some sign that it may turn, and where you took that short, there was nothing on h4 to suggest it might turn around, tdi was still strongly holding up and there was no sign there could be a ...

Trading Made Simple

The market has definitely changed in the level of pips that can be expected, and that Eric's system may have evolved to take that into account, but the volatility at that particular time of day hasn't changed, we still have more volume in London/NY ...

Trading Made Simple