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- Tollazor replied Aug 31, 2015
A legit question to the OP, you writing is similar to Wyckoff's view, also an ex-floor/institutional trader. If order filling is a large component of the market as per your experience, is it a legitimate exercise then to look for the evidence of ...
- Tollazor replied Feb 22, 2015
Asif you wouldn't have a hard stop loss somewhere in your trade just in case it &*$* hits the fan in a tiny amount of time or your power goes out, or your internet dies, or whatever. You can put it well out of the way of your current trade so it ...
- Tollazor replied Feb 22, 2015
Hiya TMS veterans. I have a question regarding your stop loss, if you use them. When a trade moves in your favour and has sufficient passed your BE point by say 20% or so, do you move your stop loss to the BE point and setup a trailing stop. If you ...
- Tollazor replied Feb 18, 2015
joynal2u The TDI method works beset in a trending market. When it is ranging you need to be careful.That short you took was either in an uptrend or during a ranging market. You are taking the trade on the harder side. I'm fairly new too so don't ...
- Tollazor replied Feb 18, 2015
My Current trades, both aggressive entries, TDI crossed on entry in the same direction of the trend: The EU I'm less confident in, the resistance it's hovering above is a little strong for my likings with my stop a little close for comfort. I've ...
- Tollazor replied Feb 17, 2015
So this A/U fakeout or real? Do you jump in and find out?
- Tollazor replied Feb 17, 2015
Absolutely. With every country playing round robin to pass the unemployment coin Australia is increasingly getting stuck in the middle. Soon we will be stuck with the only option being to punch out some new dollars and bring on QE for Aus.
- Tollazor replied Feb 17, 2015
AU Scalp succeeded. About 16 pips. image
- Tollazor replied Feb 17, 2015
When scalping like that is it better to have a 1:1 than a 1:2+? I'm eying off the chart. It looks like it is ready to make a run on the BoJ announcement coming up.
- Tollazor replied Feb 17, 2015
AJ looks like it wants to make a run, broke a resistance line and looks to have retested it. Been in a steep uptrend, looking to continue? TDI wants to cross. It's currently butting heads with resistance from a few days back. The current 1H candle ...
- Tollazor replied Feb 17, 2015
Here is that trade. I'm not kidding myself it was more a lucky trade than anything well executed. TDI wasn't involved. I looked at the PA and figured it looked like it wanted to turn, GBP was performing nicely across the board and so jumped in with ...
- Tollazor replied Feb 17, 2015
Whoops I wrote the number down in my notebook wrong. That GBYJPY trade was actually +159.1. A pleasant mistake, however a mistake is still a mistake
- Tollazor replied Feb 17, 2015
I caught the 89 pip move on GPYJPY, hooray. Anyone else getting a feeling the EUR has bottomed out for a while now, ie the long term downtrend may be consolidating for quite some time? With USD hitting peak?
- Tollazor replied Feb 17, 2015
I'm getting significantly more success by employing a simple RR of 1:2 in the direction of the trends. If it a'int trending on the daily, I'm reluctant to enter. I've also taken the mindset of, 'I don't know what the price is going to do next so, ...
- Tollazor replied Feb 17, 2015
Sweet. So in that above picture, the TDI hasn't confirmed it yet as it hasn't crossed, it would possibly be the next candle for confirmation? When you say confirmation you actually mean has a higher chance of reversing than continuing or ranging?
- Tollazor replied Feb 17, 2015
Do read PA with APB's? Paid trade manager tools are beyond my scope at the moment. Until I can prove myself worthy I can't really justify sinking $'s into tools I may not use any time soon. Oh hay, that tool is pretty sweet though, jsut watched ...
- Tollazor replied Feb 17, 2015
What is the rationale behind using fib numbers in the stock market. I see people use it everywhere but it seems like there is a rather large range on how people use them, doesn't that somewhat limit their effectiveness?
- Tollazor replied Feb 17, 2015
I had a sell limit in place at 1.45831, the high of the recent 1hr bar was 1.45817, missed it by |--| much. I was gunning for a medium term trade with tp at 1.45200 and sl at 1.4619. Is this an acceptable trade plan for the setup we see, nothing ...
- Tollazor replied Feb 17, 2015
So far, from what I've learned. 1. Risk-Reward matters a lot, seemingly more than the trading system you choose to use. <-- This includes money management like max lot sizes, etc 2. Time of day and currency pair has a huge impact on your strategy, ...
- Tollazor replied Feb 16, 2015
Khem, whilst I'm also new I suspect the trade you are taking isn't great in the longer term. You are risking 2 units for a reward of 1, so 2:1. This means you have to be correct a 66% of the time to brake even, so really you need to be right 67+% of ...