Trading Made Simple

hi,

thanks for reminding. have exited the trade with a small loss.

so was that trade a valid one? if i switched it to lower h1 timeframe, it seemed like a valid buy signal instead of a sell.

all timeframes are made of smaller ones. hence everytime we take a h4 signal, do we have to switch to lower timeframes to double confirm?

thanks!

hi,

the TDI was hooking downward the time i entered lol.

So its very discretional to use indicators like this. it will change from down to up in a short time. Plus the previous h4 candle closed bear so i thought it should be a go signal.

but still, i have no idea if this is a valid signal or not.

Looks very good but I think we should wait for candle to close.

Not valid. Fourth candle entry makes it invalid.

Hi Big E

Quick question in this Scenario .see attached chart. Took a sell. TDI has not hooked. Entry was correct. Do I stay in the trade and trust my TDI ? Or do I get out? Is this a possible head fake?

Thanks
Duds

I see a valid Entry on GBPJPY, any suggestions ?

i'm already in like flynn

Valid

You should of got in when green crossed red.

I went for this one too

Still not too late to get in however. It moved in the wrong direction initially so its slightly down from the original entry point.

was candle one a valid entry, I thought red was only touching green on candle one, maybe it had crossed by a couple of pixels. Anyway in on candle 1 or 2 is valid.

Yes

SHORT GBP/USD. IS it VALID??

No... Incorrect candle color and lines are too close to call right now. Wait for close.

Candle too weak for me to take that trade

Hi Prof8t

Look at what i am seeing !!

Thanks

closed with +14 pips

Hi everyone and a pre emptive thank you to eelfranz and all the guys aiding him in passing on their knowledge in an extremely generous and gracious way. .....should be more of you.
I am a newbie pretty much. Been unsuccesfully trading for a year. Have blown 4 accounts, paid for 3 different forex trading courses, blown over 20 thousand dollars (small for some but I dont make much hence me seeking something other than my normal work), and been through a divorce.....all thanks to my insatiable desire to trade forex. I am a reasonably intelligent man and my gazillion mistakes have at least allowed me to understand the basic concepts. I have been through the myriad of systems and tried to alter this and that to siut my style and ultimately every time I end up confused and my brain muddled with the dreadfully dangerous information out there. I was taught (badly) on small time frames..5 minute charts. I have had some success but mostly taken 3 steps forward and 5 back.....every time. I have sat in front of my computer actually feeling the thump of my heartbeat as I watch the price put me in the cash one minute and take it the next. I have spent countless hours just watching and trading (again badly) and I can honestly say it is actually taking its toll on me both mentally and physically....the anxiety constantly gives me indigestion (something I hav never suffered from prior).On the verge of giving up completely I came across this thread. In some ways I feel I have come too far and given it too much to quit, but its not in my nature so I really want to give this method a go. Forgive my whine...I know you have all probably heard it all before but its only meaningful to other traders.....wives, girlfriends and friends who are unaware of trading dont understand and I know its healthy to talk with like minded people. Anyway.....I have made the decision to quit small time frames and have a go at this. So sorry for my rant and thank you for what could hopefully be some moderate but consistent success with my trading. I dont need millions....just consistency.
I will have many other questions as I go but my first is this....Is this a correct setup?? WOuld I enter this immediately??
ALso....I havent had the chance to read ALL the posts, so has someone written out a step by step guide?? as in combined all the information so entry and exits can be mechanised.....I find the less thought that has to go into your entry the less mistakes can be made.
Thank you again to everybody.....especially the ones bored enough to get to the bottom of my rant

short on EURJPY