London has bank holiday Friday cause of royal wedding.
- #521
- Apr 28, 2011 7:12pm Apr 28, 2011 7:12pm
- Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts
Thanks. How I missed that i'll never know.
I have read every post and made a word doc for myeslf that has the rules and important posts so I can refer back to it easily when needed.
Just a suggestion but I am sure if you pay attention and are respectful as you have been then others probably won't mind answering questions. I know I don't. Good luck
- #523
- Apr 28, 2011 7:14pm Apr 28, 2011 7:14pm
hi Nate04, One thing that concerns me about entering a trade on the daily chart.
I use FXDD as does Big E. We are going into the trade at the slowest time in the 24 hr market so PA may not be reliable as much as say after London open.
Just my two cents. LOL I am still in a stale daily GBP/JY trade from last night
- #527
- Edited 7:31pm Apr 28, 2011 7:27pm | Edited 7:31pm
- Joined Sep 2010 | Status: MR. NOBODY | 3,042 Posts
- #529
- Apr 28, 2011 7:34pm Apr 28, 2011 7:34pm
- Joined Feb 2007 | Status: Balancing | 7,934 Posts
Could it be Man is trying to be something without knowing they're complete?
I took some decisions based on the 1D charts (cause some times I forget the 4H due to work haha) with the rules as I'm understanding them at the moment. I took all this decisions at the begining of the candle. I would appreciate your comments:
First pic: bought after taking it. Green line in upward wick, stochastics entering strong buy area. I know it looks like consolidation area but I did it just to learn the rules first
2° pic: downward wick after a buy made me cancel the trade for a loss. The stochastics looked good anyway...
3° pic: staying in the buy, with the green line slowing down it's upward move, but the stochastics is into strong buy area.
4°: Inside consolidation area the green line went flat, but the stochs are going up. I'm still in, but with a loss.
5°: staying in the sell. The green is flat but the stochs are in the strong sell area.
6°: staying in the buy for a loss for now. Good stochs but the green is flat.
First pic: bought after taking it. Green line in upward wick, stochastics entering strong buy area. I know it looks like consolidation area but I did it just to learn the rules first
2° pic: downward wick after a buy made me cancel the trade for a loss. The stochastics looked good anyway...
3° pic: staying in the buy, with the green line slowing down it's upward move, but the stochastics is into strong buy area.
4°: Inside consolidation area the green line went flat, but the stochs are going up. I'm still in, but with a loss.
5°: staying in the sell. The green is flat but the stochs are in the strong sell area.
6°: staying in the buy for a loss for now. Good stochs but the green is flat.
- #535
- Apr 28, 2011 7:47pm Apr 28, 2011 7:47pm
- Joined Feb 2007 | Status: Balancing | 7,934 Posts
Could it be Man is trying to be something without knowing they're complete?
eelfranz,
Could you tell us more about your MM and trade mgm techniques and tricks please?
It seem that you don't always exit your trade after a TDI signal.
Those little ways of doing things are often crucial to exiting in profit. Going after 10-15 pips on the 4hr TF borders on scalping... and why not, as long as it puts bread on the table.
I'm in particular interested in your trade re-entering techniques.
Thank you!
Could you tell us more about your MM and trade mgm techniques and tricks please?
It seem that you don't always exit your trade after a TDI signal.
Those little ways of doing things are often crucial to exiting in profit. Going after 10-15 pips on the 4hr TF borders on scalping... and why not, as long as it puts bread on the table.
I'm in particular interested in your trade re-entering techniques.
Thank you!
