Would this qualify as a valid bounce trade for AU? it looked good to me. Or am I trading into heavy consolidation area. and I should have passed?
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DislikedWould this qualify as a valid bounce trade for AU? it looked good to me. Or am I trading into heavy consolidation area. and I should have passed?Ignored
DislikedI shorted it at crossover but out now for +3 pips as TDI green has turned back upIgnored
Dislikedits great that x-man has been so good to post his system , which i would love to learn , but i have have spent many hours trying to to find synergy bars and tdi (found tdi in custom on mt4 , which is all new to me , but didnt know what to do with it from there.couldnt customise it )
i know someone suggested that a seperate thread may be set up to explain all these mysterious things to us newbies and i think that would be a good idea so we dont have to clutter up the thread with all our questions (which is embarrasing to have to keep asking...Ignored
DislikedThanks X-Men for your thread, and without doubt, thanks to Big E. Real Sorry to read what happened. Wish he recover in no time. God Bless..
I've got a couple questions and sorry if you've read it, or I might have passed it.
After looking at the SHI channel and where the price is in relation to the EMA 60, you still need TDI to cross to get into a position. Is that right? With Swing, do you close the position once the TDI re-cross?
As when I look at different TF, Gold is trending down on H4, whilst trending up on H1 and D1. This affects my confidence...Ignored
DislikedCornelius, what are the settings on your channel indicator? Can you please share because your channel does not look like mine???
Thanks
NicoIgnored
DislikedHi X-Man... I've been reading about Trading Made Simple Thread by Eelfranz, kind of like this simple system. Then I found your thread too.
I'm trying this system on Demo, I've marked the time as you said.
My problem is my entry point and SL point, I set 1:1 ratio on TP : SL, but sometime 1:2 on TP:SL. I think if it hit more SL, well certainly I will loose my account.
I enter the market on 2nd candle or when the TDI is crossing each other. Sometime on the 1st candle, today I enter on the 3rd candle
Enter Long at 1.3475, my TP:SL ratio is 1:1,...Ignored
DislikedPotential swing trades. I have set my SL at swing lows. there is no TP yet
Im thinking now that USD/CAD moves in the opposite direction of E/U so cornelius just watch that maybe U/C might break the bottom of the channel to form new low or the other scenario is that the longs on E/U and G/U might not last.
just remember that every trade is unique
When entering a trade you must be prepared to lose.
If you aint prepared to lose then do not enter a trade.
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DislikedGuys i want to know how many of you guys went long on the NY session?
I would also want to know how many of you guys did serious back testing?
I can tell you know that if you dont spend quality time back testing then you wont see results.
When back testing look for those pull back candles and look at the candle formation with the TDI.
All this is repeated over and over again and if you can identify them through your experience in back testing then i can tell you now that you can make a lot of pips just with 1 pair.
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Dislikedthe 1H method is only to ride it for a few candles and then exit.
Try setting your TP equal to risk or more than your risk.
I trade the first 3 hours of the london session i wont hold a trade longer as the market gets choppy and slows down.
If you still holding the trade long then you can set TP at 1.3500 coz that the next major resistance
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