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Trading Made Simple

  • #1,961
  • May 9, 2011 6:44pm May 9, 2011 6:44pm
Can't leave you guys for even a minute and your gettin' in trouble... lol...

babn 1948 - looks ok

dimsss 1944 -

fwoodly - posted on Friday.

fodukes - see post 1, bottom left... open updates...

canialegui 1937 - entry looks good... candles are small... not much momentum...
  • #1,962
  • May 9, 2011 6:48pm May 9, 2011 6:48pm
Quoting Sjr
Well I just deleted my FXDD MT4 platform.
After looking at all the charts posted here lately, it was clear to me that my
charts were somehow lagging. At times my TDI indicator was way behind.
Yes I went back double checked the feed, the time frame etc.

As a result I was always entering late and taking a hit as a result.

So back to square one for me.
Im going to reinstall MT4 Demo, and the TDI indicator. Im sure its buried in the forum somewhere, but if anyone is kind enough to attach it here that woould be greatly appreciated.

Also, As im in...

Hello fellow kiwi I'm by the big cold Ohakune you can get the indy by clicking the paper clip just scroll to the top of the page . it is on the right hand side
PM me if you like we could have a chat some time
Bruce
  • #1,963
  • May 9, 2011 6:51pm May 9, 2011 6:51pm
sjr...

Call the broker, ask for tech support, explain the problem and I'm sure they can fix you up at 866-367-3933 for FXDD....
  • #1,964
  • Edited 8:02pm May 9, 2011 6:55pm | Edited 8:02pm
On my new FXDD demo account I lost quite a bit Sunday night using the default 1 full lot each time I took a trade. I’d like to risk no more than 1% of my account balance on any trade. Is there an easy way to calculate the volume I should trade? I ask this because looking at my 2 days of trading it is disheartening to see 5 huge losses and 1 teeny weenie win.

Let’s say I have a balance of $4100. Looking at a potential trade, where I want to put the SL is about 28 pips from the current price. How do I determine the volume to trade so that the maximum loss would be 1%? And if upping it to 2% risk, how should the formula go? Sorry, I failed Math 101 twice.

On FXDD on the drop-down volume it shows .1, .2, .3, .4, .5, 1, 2, 3, etc. Are you allowed to trade oddball lots like .27 or .315 if that happens to be the volume I need to trade to lose no more than 1% of account if the SL is hit?
  • #1,965
  • May 9, 2011 7:01pm May 9, 2011 7:01pm
babn 1948 - looks ok Just went to see how it was going. SL hit -25
oh well win some loss some. demos are handy will be better in an hour or two although I have had some luck at this time of the day.
Last night finished up with 163 pips so I'm giving some back to share around..
  • #1,966
  • May 9, 2011 7:04pm May 9, 2011 7:04pm
Quoting tig07
On my new FXDD demo account I lost quite a bit Sunday night using the default 1 full lot each time I took a trade. I’d like to risk no more than 1% of my account balance on any trade. Is there an easy way to calculate the volume I should trade? I ask this because looking at my 2 days of trading it is disheartening to see 5 huge losses and 1 teeny weenie win.

Let’s say I have a balance of $4100. Looking at a potential trade, where I want to put the SL is about 28 pips from the current price. How do I determine the volume to trade so that the maximum...
Here is one you can download and try it out. http://currensys.com/FreeForex.php

Fxlakebum....
  • #1,967
  • Edited 7:23pm May 9, 2011 7:10pm | Edited 7:23pm
Entered this E/U trade last night on the weekly time frame... put the SL at the top of the previous candle... about 150 pips away... won't see the next candle until next week... already in profit... see the nice 5 o'clock green TDI line with Stoch's confirmation...
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  • #1,968
  • May 9, 2011 7:21pm May 9, 2011 7:21pm
Quoting eelfranz
Entered this E/U trade last night on the weekly time frame... put the SL at the top of the previous candle... about 150 pips away... won't see the next candle until next week... already in profit...
This sys is ok for the long TF weekly daily I am interested in doing that.
SL 150 would that be the norm for that TF?
Thanks for all your help
Bruce

TP 1.3021 , 1.2714 OR 1.2083?
  • #1,969
  • May 9, 2011 7:34pm May 9, 2011 7:34pm
I believe this system works well on any time frame, but is better suited for the longer time frames.

The S/L that he set for his trade was based on the previous candle from his entry, set to the high of that candle. That would change depending on the situation and the preceding candle.
  • #1,970
  • May 9, 2011 7:57pm May 9, 2011 7:57pm
Quoting fxlakebum
Here is one you can download and try it out. http://currensys.com/FreeForex.php

Fxlakebum....
Fxlakebum,

Thanks a lot!
The FX Calculator came up with 1.5 mini on my hypothetical trade. Does that mean .15 volume?
I wonder if the 1:50 leverage is irrelevant?
  • #1,971
  • May 9, 2011 8:11pm May 9, 2011 8:11pm
Up 60 pips today. Best I've ever done in forex and it's only the beginning. If I would have been more patient it would have been more than double that. Thanks Big E for sharing this system.
  • #1,972
  • May 9, 2011 8:14pm May 9, 2011 8:14pm
Quoting Sjr
Well I just deleted my FXDD MT4 platform.
After looking at all the charts posted here lately, it was clear to me that my
charts were somehow lagging. At times my TDI indicator was way behind.
Yes I went back double checked the feed, the time frame etc.

As a result I was always entering late and taking a hit as a result.

So back to square one for me.
Im going to reinstall MT4 Demo, and the TDI indicator. Im sure its buried in the forum somewhere, but if anyone is kind enough to attach it here that woould be greatly appreciated.

Also, As im in...
SR, the first post contains info on everything. Be sure to read the bottom of the post. I'll copy it here with links for you. You want post #25 to get the MT4 indicators.
http://www.forexfactory.com/showpost...74&postcount=1
See post #25 on page 2 for indicators...

Latest update: PAGE 11, Post # 156... thanks Cliff
Another update by Numb3rs - 4/29 - Pg 48, post
Luck occurs when preparation meets with opportunity.
  • #1,973
  • May 9, 2011 8:17pm May 9, 2011 8:17pm
Quoting eelfranz
Entered this E/U trade last night on the weekly time frame... put the SL at the top of the previous candle... about 150 pips away... won't see the next candle until next week... already in profit... see the nice 5 o'clock green TDI line with Stoch's confirmation...
Is the red dotted horizontal line your stop loss?? Is that at the top of the body of the candle? Thank you.
  • #1,974
  • May 9, 2011 8:25pm May 9, 2011 8:25pm
just went short on EUR/USD does it seem like a good entry,entered at beginning of last hour candle (not sure how to post pics yet)
  • #1,975
  • May 9, 2011 8:30pm May 9, 2011 8:30pm
  •  bonzdoc
  • | Joined Jun 2007 | Status: Mountain Man & Beach Bum All In One | 41 Posts
Quoting eelfranz
Entered this E/U trade last night on the weekly time frame... put the SL at the top of the previous candle... about 150 pips away... won't see the next candle until next week... already in profit... see the nice 5 o'clock green TDI line with Stoch's confirmation...
Hey Big E! Before you place your trades do you always confirm it on the next lower time frame?
"If your mind can see it and believe it you can achieve it."
  • #1,976
  • Edited 9:06pm May 9, 2011 8:36pm | Edited 9:06pm
Quoting tig07
On FXDD on the drop-down volume it shows .1, .2, .3, .4, .5, 1, 2, 3, etc. Are you allowed to trade oddball lots like .27 or .315 if that happens to be the volume I need to trade to lose no more than 1% of account if the SL is hit?
Hey, Tig. Oanda is cool they let you trade any size lot you want. Not just .1, .2, etc, but instead they do it using "units." It takes a couple thousand units to equal a couple dollars, so it's very customizable trade size.

Oanda started supporting MT4 about two months ago. Their original application is Java-based, which installs itself automatically, no worries. It has some nice features to easily see your calculations of SL and risk, very nice.

So I use an Oanda MT4 demo account for charting and trading the demo account, and I use their original Java-based platform for the micro account, risking only a couple dollars at a time.

I don't know rules about where you have to live, so I hope you line in a country they let you open an Oanda account. Many pips to you!
Luck occurs when preparation meets with opportunity.
  • #1,977
  • May 9, 2011 9:05pm May 9, 2011 9:05pm
Quoting tig07
On my new FXDD demo account I lost quite a bit Sunday night using the default 1 full lot each time I took a trade. I’d like to risk no more than 1% of my account balance on any trade. Is there an easy way to calculate the volume I should trade? I ask this because looking at my 2 days of trading it is disheartening to see 5 huge losses and 1 teeny weenie win....
manual calculation:
risk level=1% x $4,100=$41
thus;
value per pip=$41/28pips= $1.46

enter the volume of:
1.46 for mini account (more precise)
or
0.15 for standard account
  • #1,978
  • May 9, 2011 9:17pm May 9, 2011 9:17pm
Quoting eelfranz
Entered this E/U trade last night on the weekly time frame... put the SL at the top of the previous candle... about 150 pips away... won't see the next candle until next week... already in profit... see the nice 5 o'clock green TDI line with Stoch's confirmation...
eelfranz,
just need your confirmation.. does SL at at the top of CURRENT or PREVIOUS candle?
  • #1,979
  • May 9, 2011 9:17pm May 9, 2011 9:17pm
Dean 1973 ,

Yes
  • #1,980
  • May 9, 2011 9:36pm May 9, 2011 9:36pm
From now on I'm gonna quit answering questions that I know have already been answered. It just shows that person is to lazy to study and read the whole thread a couple of times... period. Your wasting my time and the time of the serious traders...

Tig - Call the broker Customer Service.

Babn 1968 - 150-250 on a weekly chart SL.

Tmax 1974 - It's in the thread.

Bonzdoc 1975 - NO

d narrow 1978 - Safest SL is at the previous swing hi or lo...
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