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Trading Made Simple

Quoting jagpalsingh
Right guys, Everyone has posted about how they won today. I will be the first to show my losses for today GBP/USD - D1 Chart - Entered on 2nd candled I followed the rules of stoch and tdi following same downtrend. Entered on 2nd candle for short. Outcome- Lost. {image} EURO/USD - H4 Chart - Ignore red line. Again entered on 2nd candle, both indys giving downtrend. entered for short on 2nd candle. outcome - Lost {image} could you guys guide me on how this has happened? or what i have done wrong
I'm not sure I understand at all why your GU trade lost? If you entered at the beginning of the candle, it has only moved about 15 pips above that all day so how did you lose?
Anyone know when the first candle comes out on H1, H4, D1, W1 for every1 in the UK?
Skype ID - jagpal.kooner1
Quoting jagpalsingh
{quote} Thank you that makes so much sense! In other terms we could say is buying pips "on sale" and selling when full price again. I would have better chances if i took the last forming candle or the first green candle after the set of reds and let the momentum of the trend carry my pips? If its a down trend and see a few green candles could take them but its best to wait for the red and let the main trend come back and get back in then, and vice versa. When i place a trade i got 4-5 pips in minus already is that normal? I have a alpari account...
Please tell me you're not trading with real money! If you are, you are nowhere near ready for that. You need to be on demo until you understand your terminal, thats what demo is for. You wouldn't need to ask these questions if you trade on demo and understand what is happening. Baisc things like when your h4 candle opens and what price you are going in at etc should be things you iron out on demo.
Quoting jmflukeiii
I'm long on UJ, half size though as the session is over for the most part. Might bring in the target a bit - Three Drives + Divergence + TDI-X + Retest {image}
Out for +2.6.
Small disciplines repeated with consistency lead to great achievements.
Quoting lastingwell
{quote} Please tell me you're not trading with real money! If you are, you are nowhere near ready for that. You need to be on demo until you understand your terminal, thats what demo is for. You wouldn't need to ask these questions if you trade on demo and understand what is happening. Baisc things like when your h4 candle opens and what price you are going in at etc should be things you iron out on demo.

I did the demo accounts but as demo accounts its alot different, I have £100 which i risk 2% that gives me 50 trades until i blow my account. It gives the real affect of winning losing and placing trades. I tried demos but all i was doing is buying with the rules and selling i was doing well. Same when I came on to real i won 15 trades lost 2. But recently lost 3-4 in a row and not know why as I have done the exact same thing...

Just wanted to clear up when candles appear?
Skype ID - jagpal.kooner1
Quoting jagpalsingh
{quote} I did the demo accounts but as demo accounts its alot different, I have £100 which i risk 2% that gives me 50 trades until i blow my account. It gives the real affect of winning losing and placing trades. I tried demos but all i was doing is buying with the rules and selling i was doing well. Same when I came on to real i won 15 trades lost 2. But recently lost 3-4 in a row and not know why as I have done the exact same thing... Just wanted to clear up when candles appear?
The point is, if you were on demo first and entered quite a few trades you should know when the candle appears, because with this system you are looking to enter at the start of the candle, you need to know when it opens as a first priority. Its exactly the same candle open time if on demo or live if you are on the same broker.
Quoting lastingwell
{quote}The point is, if you were on demo first and entered quite a few trades you should know when the candle appears, because with this system you are looking to enter at the start of the candle, you need to know when it opens as a first priority. Its exactly the same candle open time if on demo or live if you are on the same broker.

I did a demo account with trading212 and the candles came out a different time. With my live account on alpari I am abit confused as I seen H4 candles come out at 10am but the broker opens at 8am. But theres also another candle at work 6am.

This is whats confusing me. Hence my question for anyone using alpari when is the set time for the candles.
Skype ID - jagpal.kooner1
Quoting jagpalsingh
{quote} I did a demo account with trading212 and the candles came out a different time. With my live account on alpari I am abit confused as I seen H4 candles come out at 10am but the broker opens at 8am. But theres also another candle at work 6am. This is whats confusing me. Hence my question for anyone using alpari when is the set time for the candles.
Alpari doesn't open at 8am, Alpari opens Sunday evening in the UK and closes on Friday evening, this is why I'm confused by your questions.
Hey everyone, i took this trade this morning when i woke up. noticed on the daily TF a good entry with TMS. TDI cross, second red candle, and stochastics turning down. I'm going to ride this until i see a tweak in the TDI or significant retrace.
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Quoting jagpalsingh
{quote} Thank you that makes so much sense! In other terms we could say is buying pips "on sale" and selling when full price again. I would have better chances if i took the last forming candle or the first green candle after the set of reds and let the momentum of the trend carry my pips? If its a down trend and see a few green candles could take them but its best to wait for the red and let the main trend come back and get back in then, and vice versa. When i place a trade i got 4-5 pips in minus already is that normal? I have a alpari account...

Jag, let me give you a practical example of what to look for and how to trade it. If you just go back to page 1978, post 39554 & 39556 you'll see a chart posted by jmflukeiii, EUR/AUD 15 min. It's in a downtrend, so mainly red candles with a couple of pull-backs each of four blue candles. At the time you would have seen it was in a downtrend and when the counter-trend four blue candles formed you could have drawn a short upward diagonal line catching the bottoms of the blue candles. If the blue candles hadn't have broken the diagonal line you wouldn't have traded. However, the downtrend did continue, the candles turned to red and broke through your diagonal line. There were two good trades there. In each case you would have gone short on the second red candle. In a nutshell, you traded a pullback in the prevailing trend. Vice-versa for a long trade, though your pullback candles would now be red and your diagonal line drawn across the tops. You don't need to learn anything else. Just master that one technique. Most experienced and successful traders just use one technique that works for them - and do it over and over again. Good luck with your trading.
Quoting jagpalsingh
Right guys, Everyone has posted about how they won today. I will be the first to show my losses for today GBP/USD - D1 Chart - Entered on 2nd candled I followed the rules of stoch and tdi following same downtrend. Entered on 2nd candle for short. Outcome- Lost. {image} EURO/USD - H4 Chart - Ignore red line. Again entered on 2nd candle, both indys giving downtrend. entered for short on 2nd candle. outcome - Lost {image} could you guys guide me on how this has happened? or what i have done wrong
You are selling low; coupled with the fact you are using stochastics and TDI.. no wonder really.

PS.. no one ever shows any losers in any systems.. so more power to you to show it like it is!
Quoting likica
{quote} No, if D1 @O/B or O/S i normally wait and not get in any trade. those pink lines i posted earlier just to show u that i made mistakes not paying attentions to D1 and just got in (against trend obviously) because I wanted to go short at the top and got stopped out twice.
Thanks a lot, clear now
I Have Learned to Take Some Losses to Make Profits
Quoting Mingary
{quote} You are selling low; coupled with the fact you are using stochastics and TDI.. no wonder really. PS.. no one ever shows any losers in any systems.. so more power to you to show it like it is!
You've been a wonderful help! Thank you for the value you have bestowed upon us -
Small disciplines repeated with consistency lead to great achievements.
Quoting Tanglewood
{quote} Jag, let me give you a practical example of what to look for and how to trade it. If you just go back to page 1978, post 39554 & 39556 you'll see a chart posted by jmflukeiii, EUR/AUD 15 min. It's in a downtrend, so mainly red candles with a couple of pull-backs each of four blue candles. At the time you would have seen it was in a downtrend and when the counter-trend four blue candles formed you could have drawn a short upward diagonal line catching the bottoms of the blue candles. If the blue candles hadn't have broken the diagonal line...

Thank You for the reply!, - Here is a print screen of the graph I am currently looking at I drew the lines at the top and at the bottom, The overall trend is downwards therefore any few green/blue candles would be temporary as its not with the trend but it can go up.

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Am i correct in saying as the green candles went up and are closer to the top line if they break that then you would go long but as it is more than 2 candles i would now be late in entering it.


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did i draw the lines correctly

What your saying is.

1. follow the trend, pullbacks in a trend is profit takers not always a change in trend.
2. trade in the movement not against the trend
3. if bottom lows line are broken good sell (if follows the trend)
4. if higher highs line is broken good buy (if follows the trend)
Skype ID - jagpal.kooner1
Quoting lastingwell
{quote}Alpari doesn't open at 8am, Alpari opens Sunday evening in the UK and closes on Friday evening, this is why I'm confused by your questions.

It starts 10pm on a sunday for the aussies market. So thats what was confusing me UK Market opens 8am. Would the first H4 candle appear at 8am + 4 = 12pm or 10pm + 4 = 2am?
Skype ID - jagpal.kooner1
jagpalsingh tell me please, on your GU trade, at what time and price according to your terminal did you enter your trade?
Quoting jagpalsingh
{quote} It starts 10pm on a sunday for the aussies market. So thats what was confusing me UK Market opens 8am. Would the first H4 candle appear at 8am + 4 = 12pm or 10pm + 4 = 2am?
The h4 candle will open at midnight (broker time) and open every 4 hours after that for the rest of the week, so midnight, 4am, 8am, 12noon, 4pm, 8pm and midnight again. Look at the time the broker has for this current candle on h1, compare that with the time it is where you live, then you will know when the candle opens.
Quoting jagpalsingh
{quote} Thank You for the reply!, - Here is a print screen of the graph I am currently looking at I drew the lines at the top and at the bottom, The overall trend is downwards therefore any few green/blue candles would be temporary as its not with the trend but it can go up. {image} Am i correct in saying as the green candles went up and are closer to the top line if they break that then you would go long but as it is more than 2 candles i would now be late in entering it. {image} did i draw the lines correctly What your saying is. 1. follow the...

No mate, you've drawn the line in the wrong place. It goes under the green candles anticipating a continuation of the downtrend if the line gets broken. To be clear, I mean the last eleven candles including a couple of red ones in there.
Quoting jagpalsingh
{quote} Thank You for the reply!, - Here is a print screen of the graph I am currently looking at I drew the lines at the top and at the bottom, The overall trend is downwards therefore any few green/blue candles would be temporary as its not with the trend but it can go up. {image} Am i correct in saying as the green candles went up and are closer to the top line if they break that then you would go long but as it is more than 2 candles i would now be late in entering it. {image} did i draw the lines correctly What your saying is. 1. follow the...
I think he meant like this:
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Small disciplines repeated with consistency lead to great achievements.
Quoting lastingwell
jagpalsingh tell me please, on your GU trade, at what time and price according to your terminal did you enter your trade?
I took it at 00.06 8/7/14 today's my broker time which I think is 2 hours ahead of me in the UK
Skype ID - jagpal.kooner1
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