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  • #2,681
  • May 16, 2011 5:44am May 16, 2011 5:44am
Been away for a short time and just returned to see Big E's distress. Our prayers are with you.

Take care
  • #2,682
  • May 16, 2011 5:49am May 16, 2011 5:49am
Quoting Chuckb
You traded into an area of resistance and a pivot level,4hr trend is down.
This is a good method but you still need to do your homework.
Note the 1.2500 BRN for another possible bounce.
Thanks for the answer. You're right about doing the homework (or not as in this case
  • #2,683
  • May 16, 2011 7:00am May 16, 2011 7:00am
Quoting dean
ITs difficult to know whether its disrespectful to be posting about trading???? ...
Hard to determine the etiquette.
My thoughts are with eelfrantz at this time. I would not dream of discussing trading until he is better.

I know that he would want us to continue but my concern for him would not let me.
  • #2,684
  • May 16, 2011 7:24am May 16, 2011 7:24am
Went short in Eur/Jpy, H1

- Main trend was short
- TDI cross was good
- Stoch direction was good
- No big news

Was a losing trade. What did I do wrong?
Attached Image (click to enlarge)
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  • #2,685
  • May 16, 2011 7:31am May 16, 2011 7:31am
Quoting Hageneez
Went short in Eur/Jpy, H1

- Main trend was short
- TDI cross was good
- Stoch direction was good
- No big news

Was a losing trade. What did I do wrong?
I took that one too, got out when TDI turned flat on the next candle with a couple of pips profit. Nothing wrong really, just a flat market.
  • #2,686
  • May 16, 2011 7:34am May 16, 2011 7:34am
Quoting Hageneez
Went short in Eur/Jpy, H1

- Main trend was short
- TDI cross was good
- Stoch direction was good
- No big news

Was a losing trade. What did I do wrong?
TO me it just looks like a trade theat went the wrong way on you.. set up looks ok to me although it looks to have actually crossed on the first candle. At what stage did you enter?? how far gone was the second candle that you entered on?
  • #2,687
  • May 16, 2011 7:47am May 16, 2011 7:47am
Quote
TO me it just looks like a trade theat went the wrong way on you.. set up looks ok to me although it looks to have actually crossed on the first candle. At what stage did you enter?? how far gone was the second candle that you entered on?
-

I always enter on the second candle for a more conservative approach (enter short on the vertical line). I never look how far that second candle is. I just enter when that new candle came.
  • #2,688
  • May 16, 2011 7:51am May 16, 2011 7:51am
Quoting Hageneez
Went short in Eur/Jpy, H1

- Main trend was short
- TDI cross was good
- Stoch direction was good
- No big news

Was a losing trade. What did I do wrong?
I cannot see anything wrong with the entry. It looks like you followed the rules.
  • #2,689
  • May 16, 2011 7:51am May 16, 2011 7:51am
Quoting Hageneez
-

I always enter on the second candle for a more conservative approach (enter short on the vertical line). I never look how far that second candle is. I just enter when that new candle came.
If it has crossed....enter on the first candle. Other than that...its just one of those losing trades......nothing you did wrong that I can see and as you know we are all going to suffer from trades that go wrong even if our homework is done. Try again.
  • #2,690
  • May 16, 2011 8:24am May 16, 2011 8:24am
Quoting eelfranz
Hey All...

I'm having trouble trying to breathe tonight... may have to go to the hospital... could use your prayers... please...

Going to Emergency tomorrow AM if I get thru tonight... thanks...
eelfranz, you're a tough guy, you're gonna get well soon! My prayers are with you.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,691
  • May 16, 2011 8:26am May 16, 2011 8:26am
Quoting dean
If it has crossed....enter on the first candle. Other than that...its just one of those losing trades......nothing you did wrong that I can see and as you know we are all going to suffer from trades that go wrong even if our homework is done. Try again.
I think when the 1st candle formed it hadn't crossed, but right at the end of the 1st candle it crossed. So entering in on candle 2 was within the rules. Some trades don't workout but the TDI exit rules saved our backsides.
  • #2,692
  • May 16, 2011 8:28am May 16, 2011 8:28am
I think BigE would want us to continue with the thread in his absence, but I wouldn't bother him with questions or PMs until he's feelin better.
  • #2,693
  • May 16, 2011 8:30am May 16, 2011 8:30am
HOLA BIG E: DESDE COLOMBIA DESEO QUE TE MEJORES PRONTO, DIOS TE BENDIGA,
Hey All...

I'm having trouble trying to breathe tonight... may have to go to the hospital... could use your prayers... please...

Going to Emergency tomorrow AM if I get thru tonight... thanks...[/quote]
  • #2,694
  • May 16, 2011 8:35am May 16, 2011 8:35am
Quoting 2scoops
I think when the 1st candle formed it hadn't crossed, but right at the end of the 1st candle it crossed. So entering in on candle 2 was within the rules. Some trades don't workout but the TDI exit rules saved our backsides.
Totally agree with you, just looks like a cross on my chart....pretty close though.
  • #2,695
  • May 16, 2011 8:43am May 16, 2011 8:43am
Possible Entry on US/Jen. Comments welcome
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  • #2,696
  • May 16, 2011 8:48am May 16, 2011 8:48am
Two trades last night both good. Hope you can read theses charts.
Attached Image(s) (click to enlarge)
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  • #2,697
  • May 16, 2011 8:48am May 16, 2011 8:48am
Quoting dean
Totally agree with you, just looks like a cross on my chart....pretty close though.
No cross
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  • #2,698
  • May 16, 2011 8:51am May 16, 2011 8:51am
Quoting dazzdude
Possible Entry on US/Jen. Comments welcome
That pair is as flat as a pancake in my opinion though.
  • #2,699
  • May 16, 2011 8:54am May 16, 2011 8:54am
Quoting 2scoops
No cross
cross
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  • #2,700
  • May 16, 2011 8:57am May 16, 2011 8:57am
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