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Trading Made Simple

  • #1,661
  • May 6, 2011 12:31pm May 6, 2011 12:31pm
Good pick-up...always nice to know the rules will save us from stubborn decisions...

Quoting KumoDragon
Currently up +250 on EU short from yesterday. +140 locked in with positive SL

This makes up for a -140 long on GU earlier in the week, which I stubbornly held onto, (figured it wouldn't break below the last range),even though the TD told me to get out at very close to break even.
I get exercise just pushing my luck
  • #1,662
  • May 6, 2011 12:37pm May 6, 2011 12:37pm
Quoting eelfranz
This looks like a good trade... green under, Stoch's confirming... BUT look at the size of the candles on the PA... don't enter...
I know it wouldn't be the actual pips travelled because the candles are averaged HA candles.

But, I was thinking having a measurment in pips that is considered to small would be good thing. That is left click and hold and drag to measure candle in pips. And then if it is x or smaller it's considered too small.

Being new to this method and not having a whole lot of experience it can be a bit tricky sometimes to judge what is too small, when it's not blatently obvious. (dogi candle/ wicks on both side/candles with that aren't flat on the correct side to make them considered strong)

Is there a pip measurement you find that is a good average for what is considered too small?

P.S. Thanks for the great method. I havn't done particularly good with it this week (but I'm slightly ahead) , just because I havn't been following the TD as I should because I try to hold on for home runs too often.

I have noticed that the TD more often than not helps you pick the right direction that has momentum, and tells you when it's good to get out.
  • #1,663
  • May 6, 2011 12:39pm May 6, 2011 12:39pm
Live2wrshp... Amen !

Entries look good.... but PA Candles are small so keep a close eye on it...
  • #1,664
  • May 6, 2011 12:53pm May 6, 2011 12:53pm
Kumo,

I just trade what I see... If I see smaller candles the trade looks shakey to me... and I usually pass... One of those BASIC fx deals I guess...
  • #1,665
  • May 6, 2011 2:26pm May 6, 2011 2:26pm
Quoting Dimsss
USD/JPY 4H open short? thanks for the reply
Attachment
i was wonder if i could get a copy of the stoch indicator you have on this chart

Thank You Pat
  • #1,666
  • Edited 2:58pm May 6, 2011 2:31pm | Edited 2:58pm
My 3 trades for the week... trying to average 250 pips a week... trading full lots... all 3 were bounce trades... when you ask why I didn't take a trade at an obvious candle... usually the answer was I wasn't online then or I was sleeping...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: e-u1.gif Size: 23 KB
Click to Enlarge Name: g-u.gif Size: 23 KB
Click to Enlarge Name: e-u weekly #1.gif Size: 18 KB
  • #1,667
  • Edited May 7, 2011 7:32am May 6, 2011 2:38pm | Edited May 7, 2011 7:32am
If your in a good strong trade 3-5 candles don't be afraid to re-enter again for even more pips profit.... I do that quite often... but make sure everything looks strong and keep an eye out for pull backs... and exits on the TDI...
  • #1,668
  • May 6, 2011 2:42pm May 6, 2011 2:42pm
closed out my positions for about 100+ pips from last night-today
  • #1,669
  • Edited 3:01pm May 6, 2011 2:44pm | Edited 3:01pm
entered on the opening of the first red line. closed as TDI is going flat.
Attached Image (click to enlarge)
Click to Enlarge Name: may 6.jpg Size: 274 KB
  • #1,670
  • May 6, 2011 2:44pm May 6, 2011 2:44pm
Tmax,
Attached File(s)
File Type: ex4 Stochastic Slope.ex4   4 KB | 2,888 downloads
  • #1,671
  • May 6, 2011 2:46pm May 6, 2011 2:46pm
Dyekid... Congrats buddy on your pips...
  • #1,672
  • May 6, 2011 2:49pm May 6, 2011 2:49pm
Lawton.... Great video...lots of work !
  • #1,673
  • May 6, 2011 2:53pm May 6, 2011 2:53pm
Quoting eelfranz
Entries and exits...

We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
Small candles are 1, 2, 3 ....?
  • #1,674
  • Edited 4:10pm May 6, 2011 4:00pm | Edited 4:10pm
EELFRANZ,
I have been following your thread now with great interest and i would like to try trading on just the 4hr charts the same times as you, but this is where i get confused.
You state that I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time.
Now here in the UK we are 4hours behind you so this means you trade candles at 6pm (UK time), 10pm (UK time) and close all trades at 2am (UK time). Then later on you say that you only trade the london open and close before US open, where as i make it US/Asia rather than London session.
I would be very grateful if someone could put me right in UK times please, then i will ask no more questions but i will show my trades so people can see how i get on. I have been trading now for over 6 years and i am successful, but trading 4hr time frames would certainly suit my life style better.
Many thanks,
Juls.
  • #1,675
  • May 6, 2011 4:25pm May 6, 2011 4:25pm
Quoting Juls
EELFRANZ,
I have been following your thread now with great interest and i would like to try trading on just the 4hr charts the same times as you, but this is where i get confused.
You state that I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time.
[size=3][font=Comic Sans MS][color=blue][color=black][size=2]Now here in the UK we are 4hours behind you so this means you trade candles at 6pm (UK...
He is on LA time..eight hours behind UK time
  • #1,676
  • May 6, 2011 4:27pm May 6, 2011 4:27pm
Quoting Juls
EELFRANZ,
I have been following your thread now with great interest and i would like to try trading on just the 4hr charts the same times as you, but this is where i get confused.
You state that [font=Comic Sans MS][size=3][color=blue]I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time.
[color=Black][size=2]Now here in the UK we are 4hours behind you so this means you trade candles at 6pm (UK time), 10pm (UK time) and close all trades at 2am (UK time). Then...
See post 1594 for a great tool that will answer your question.
  • #1,677
  • May 6, 2011 4:33pm May 6, 2011 4:33pm
This was a HUGE HELP to get my fricken indicators in my MT4. It totally has by passed the problem I was having.

It seams as if, everyones situation is different but this sure worked for me. Not a minute to soon, I was ready to Try some DYNAMITE!


MT4 navigational tips and techniques
  • #1,678
  • May 6, 2011 4:34pm May 6, 2011 4:34pm
Thankyou very much for your speedy reply, it is much appreciated.
  • #1,679
  • May 6, 2011 4:46pm May 6, 2011 4:46pm
Quoting eelfranz
This looks like a good trade... green under, Stoch's confirming... BUT look at the size of the candles on the PA... don't enter...
Have read this carefully but do not understand your comment regarding size of the candles on the PA. Could you please explain. Thanks.
  • #1,680
  • May 6, 2011 5:02pm May 6, 2011 5:02pm
hi Lawton,
have tried to load tdi with no success even though the stochastic slope and the synergyapb2 loaded fine.when i download tdi to desktop it comes up as a single icon and on video you showed 2. i'll keep trying
thanks again evo.
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