You entered 2-3 candles too late. You should have entered as soon as the Stochastics 8, 3, 3 crossed back above the Purple 50 Line. If you had of entered at that time, and moved your UP stop along the way, it would have been a small winning or small ...

Trading Made Simple(r)

I think you would do better using the template exactly as it was presented. It would have kept you from some losing trades. Mainly because you entered too late.

Trading Made Simple(r)

Welcome! And you're welcome! Nike provides the simplest answer... "Just Do It" It's really not that scary...LOL! "Nothing is either good or bad, only thinking makes it so"

Trading Made Simple(r)

I used to watch CNBC religiously all day every day. They are mostly just talking heads who have no more idea how news will affect the markets than anybody else does. BUT, when you listen to them, it's almost impossible not to be influenced by what ...

Trading Made Simple(r)

kirinda, One important piece of advice, only trade in the same direction as the RSI (14). RSI (14) > Purple 50 Line = LONG ONLY RSI (14) < Purple 50 Line = SHORT ONLY

Trading Made Simple(r)

That could be a good trade as the daily chart looks like it may be rolling over to resume the downtrend. I'm short the 4 hr. EURAUD

Trading Made Simple(r)

It may be hard to believe, but I NEVER look at the news, or even consider looking at it. For me, it's similar to when a professional pilot flies a plane by just reading the instruments, I just read the indicators. They tell me everything I need to ...

Trading Made Simple(r)

I don't use scripts or EA's with MetaTrader. Years ago I wrote trading systems using Easy Language (which is part of TradeStation) and the future results were never as good as the historical results so I quit using them. So now I just enter all my ...

Trading Made Simple(r)

One of My Favorite Money Management Strategies 1. Always initiate a trade with 3 units. 1 unit is defined by you, and can be things such as: 100 shares, 1 lot, 1 contract, 100 pips or 1,000 pips, etc. 2. Using the Set-up Bar (usually it's the bar ...

Trading Made Simple(r)

I just shorted the EURAUD based on a 4 hr. chart, a Continuation trade. I was a bit late entering because I had guests over for the Memorial Day weekend and they just left. Amateur traders ask themselves: "How much can I make?" Professional traders ...

Trading Made Simple(r)

LOL. That one is fairly important too!

Trading Made Simple(r)

Every trader needs to learn what works best for them. Different traders have different tolerances for pain or how much profit gives them enough pleasure. After several decades of trading, my tolerance for pain has become very low and the profit side ...

Trading Made Simple(r)

While there is no right or wrong way to exit (based some of the ways I listed on page 1)... Waiting to exit until the HMA Line crosses the Yellow Line will often be the last and very latest signal you could use (based on the 7 trading indicators in ...

Trading Made Simple(r)

You're welcome. And yes, by all accounts he did appear to be a great guy. I really liked most of what he taught and I have read and reread what he wrote many times throughout the years. It's just that in trading (in my opinion), subjectivity is what ...

Trading Made Simple(r)

I want to show why I don't like using the TDI, and especially why I don't like using it the way "Big E" did. Below is the first image that he posted in his thread (Trading Made Simple) showing how he used the TDI for entries. He highlights them ...

Trading Made Simple(r)

In the case of Crossover Trades... I can't give you a definitive answer on Crossover trades, because for me it's more complicated than just yes or no. I usually look at one time frame up to see what it's doing and I look at a 5 and/or 15 minute ...

Trading Made Simple(r)

I don't use them too much for making trading decisions, but I am always "aware" of them. That's why in post # 65 I said: "we are in an area of what could be support again and I want it to "GO" or stop me out with a small loss." The problem is (in my ...

Trading Made Simple(r)

Albert Einstein said: "Everything should be made as simple as possible, but not simpler." And that's my philosophy.

Trading Made Simple(r)

Good Job! I am glad to see some trades working out for you. It's easy right?

Trading Made Simple(r)

I took this Crossover trade on the GBPJPY 4 Hr. chart. The daily chart is down. I put my stop only one bar back (at 140.10) because we are in an area of what could be support again and I want it to "GO" or stop me out with a small loss. It's like ...

Trading Made Simple(r)