{quote} Nice entries planned. That looks like a 'Blade' money management multiple entries with both limit and stop orders.What about your exits - take profits strategy?
- #80,326
- Jun 21, 2017 8:42pm Jun 21, 2017 8:42pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Hi, I have a question for Emmanuel or someone who's been trading Eelfranz's system for awhile on a live account. Eelfranz used FXDD and his 4 hour candles changed at 10, 2, and 6 PST. I'm currently with Forex.com who's 4 hour candles change at 5, 9 and 1pst. So I have 2 questions: 1) If I follow the TDI from Forex.com won't my trades entries be off because the 4 hour candles are changing at different times than the original strategy? 2) So, what's a better broker to use since FXDD no longer lets me open an account from the US? Thanks in advance,...
This question had been asked many times and answered.
Just do a keyword search and read some of the old posts.
You should also note the some brokers do change their server time when there is DayLight Saving Time DST change.
What is important is that you decide on your trading business hours and make your trading plan based on your own trading hours and not let anything else dictate your lifestyle. Having defined your trading business hours, you develop your trading systems for Intraday trading, 4H Swing trading and D1 Position trading. If you trading hours do not enable you to trade the short term like Intraday, then do not bother trading Intraday. Focus on trading 4H Swing and D1 Position, these timeframes are more profitable.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,328
- Edited 3:42pm Jun 22, 2017 3:29pm | Edited 3:42pm
Nice entry on EURAUD daily. Retracement bounced off 50 fibo level and a nice TDI cross with PA going to be closing over the 5 EMA in 30 mins ( Famous last words??)
Hidden Divergence also showing strength
Hidden Divergence also showing strength
- #80,329
- Jun 22, 2017 7:15pm Jun 22, 2017 7:15pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
AUDNZD made a strong break of the consolidation zone formed by that Master Candle.
Do you sell today?
it's Friday and how many ME positions do you plan for this trade setup?
Where do you place your initial Stop Loss?
or do you trade the correction of this breakout instead?
Do you sell today?
it's Friday and how many ME positions do you plan for this trade setup?
Where do you place your initial Stop Loss?
or do you trade the correction of this breakout instead?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,330
- Jun 22, 2017 7:27pm Jun 22, 2017 7:27pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
AUDNZD H1 counter-trend trade with that H1 Bullish Engulfing Outside Bar BUOB breaking the SYD_2H high.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,331
- Jun 22, 2017 7:38pm Jun 22, 2017 7:38pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Nice entry on EURAUD daily. Retracement bounced off 50 fibo level and a nice TDI cross with PA going to be closing over the 5 EMA in 30 mins ( Famous last words??) Hidden Divergence also showing strength {image}
Too many price bars between the Divergence swing points does not necessarily make that a 'strong bullish divergence'.
PA shows the price gap down and usually trades will fill the gap in lower timeframes and this can make some money.
H4 show a better strong bullish divergence.
Read this book
RSI: The Complete Guide Post#27,110 by John Hayden
The Truth about Divergence ... read Chapter 4 Page 65
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,333
- Jun 23, 2017 2:01am Jun 23, 2017 2:01am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
AUDNZD Monthly Big Picture
Without buyers support, it can fall from 1.036 to 1.017... its long way down in the coming month(s).
if anyone went long at around 1.050 and 1.060, its time review your price swing strategy and to cut-loss. Why let your trading capital be locked in huge drawdown for such long period.
Without buyers support, it can fall from 1.036 to 1.017... its long way down in the coming month(s).
if anyone went long at around 1.050 and 1.060, its time review your price swing strategy and to cut-loss. Why let your trading capital be locked in huge drawdown for such long period.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,337
- Jun 23, 2017 3:03am Jun 23, 2017 3:03am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Hi, GBPUSD look good :-) for intraday. {image}
Good trade
.Could have entered a bit earlier seeing the price action and that TDI Golden Cross.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,340
- Jun 23, 2017 3:32am Jun 23, 2017 3:32am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
CHFJPY W1 Week 25
This pair is not my regular watchlist but a few of us had been talking about a 200pips move either way.If you are trading with small lots and looking for a 2,000pips trade, this may the one.
This pair is not my regular watchlist but a few of us had been talking about a 200pips move either way.If you are trading with small lots and looking for a 2,000pips trade, this may the one.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett