try to get more profit.
DislikedI have changed the colors to Green and FireBrick.
But looks like now you can change the candles to any size/color and it will be saved. Put them in your expertsindicators folder.Ignored
DislikedTo PH or Xman, appreciate sharing your knowledge. Been studying your charts and doing so much screen time my eye glass prescription has changed . I realize the tdi was near the top but I'm trying to learn to trade PA instead and it looked like it wanted to pop upward. I waited for the break of the high before jumping in today. I went to bed after the first trade so I missed the nice move down.
Could you tell me if you would have done the same or would you have jumped in sooner. If so which candle- 1, 2, or 3? or would you have skipped the trade...Ignored
2 good books must read and have on your bookshelf reference:
1) Trading for a Living by Dr Alexander Elder
2) Super Trader by Dr Van Tharp
I've gone through the spreadsheet and it's impressive and I've been doing the maths, maybe I should pick your brains, with a lot size of 0.5 and SL of 30 you'd be risking $150 that means twenty bad trades and bye bye to your capital but that's not gonna happen.
I think we need to get to a place like you said where your 30 pips TP is consistently hit but there are days with draw-downs and flat PA how do you still achieve 1M in 28weeks?
Do you trade 2 lots with primary target at 30 and breakeven for the second and let it run so as to accommodate...Ignored
Dislikedexcellent post, Smokey, hopefully they haven't answered because they are digesting you valuable insight, I know I am.Ignored
I have read every post you have put on this thread more than a couple times and look forward to more. Newbies should heed your words along with a couple others: Phx62, Vantage, and of course: X-man. With any luck, maybe I'll add my own name to that list, but not yet. I haven't made my quota yet ;0)... Oh yeah, there's other gentleman that comes to mind: Geosanuy. You seem quality as well. Thanks for the learning people.Ignored
DislikedHope everyone else saw this trade. It was picture perfect for S3... Personally, I got in once closed on a new high on the m15, but watched the hourly to help with the trade. I posted this 1h picture so as to keep with X-Man's 1h method as it still produced this session. Now I am waiting for a pullback in the other direction back to the sonic 1h line. Good luck everyone.Ignored
DislikedI may not be backtesting correctly. What i do is look at candles and see if the tdi cross agrees. So if there is a pin bar and a cross. I will say that i took the signal. But my mind may play tricks on me since some of the stups happen during the franky open and i may be tricking myself in backtesting for sure.Ignored
DislikedThank-you my friend.
I have been to hell and back with the currency market, and the thoughts I try to pass on is to only compliment X-Mans system (Hope you don't mind X) and try to STRESS that a trading system is just the beginning. Ones entries can be an 80% success rate, but if not managed, with a plan, You Lose.
This is the part that took me so long to "GET".
Many +Pips Always!
DislikedAlright guys, Here was another quick 20 pips... I entered with the strong momentum and as soon as this candle formed, so did the fractal (marked by barry's resistance) and took off downward. My goal was the edge of the shi channel which was 24 pips away from entry. This deal was done within' two minutes. To tell you the truth; anyone could have entered earlier than I did just by seeing the failed swing and gotten pretty close if not all of 50 pips. Failed swings are actually my favorite formation when I backtest. Another trade I went for was a dummy...Ignored