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Trading Made Simple

  • #2,821
  • May 17, 2011 7:12am May 17, 2011 7:12am
Quoting dean
In at the end of the first candle...tdi had crossed. Comments welcome
Hi Deano. I was going to take this trade but decided not to as the stochastics weren't coming down from an overbrought area. I have decided now only to take the most perfect set ups, and be patient in order to protect my hard earn't pips. Plus on my chart I had 38% fib 15 pips below where my TDI crossed. Peace out!
  • #2,822
  • May 17, 2011 7:22am May 17, 2011 7:22am
Quoting dean
In at the end of the first candle...tdi had crossed. Comments welcome
On board here too...
You don't have to be right, just don't be too wrong
  • #2,823
  • May 17, 2011 7:23am May 17, 2011 7:23am
Quoting nollej
jumped on the same one a few minutes ago myself so lets hope for the best hey
News in 5 minutes, I am getting out.
  • #2,824
  • May 17, 2011 7:24am May 17, 2011 7:24am
Quoting courtneywild
top two re entry. I'm in europe so an hour ahead of London Open.
133 mins till next bar... and counting
cheers
You don't have to be right, just don't be too wrong
  • #2,825
  • May 17, 2011 7:25am May 17, 2011 7:25am
I'm also in and waiting for the news with stop at BE...

good luck...

edit: oops, stopped out before the news
  • #2,826
  • May 17, 2011 7:26am May 17, 2011 7:26am
Quoting dean
News in 5 minutes, I am getting out.
ahh crap i am such a noob forgetting to check news all the time.. cheers man
nollej is power..
  • #2,827
  • May 17, 2011 7:38am May 17, 2011 7:38am
Quoting nollej
ahh crap i am such a noob forgetting to check news all the time.. cheers man
sorry its not funny but this post is funny... we all go there.

not at you with you friend. do you mean nob?
  • #2,828
  • May 17, 2011 7:41am May 17, 2011 7:41am
Quote
Great thread Big E thank you for all your effort.

Wow I can't believe how fast this thread grows. Anyway I know its the wrong time of day but I took this GY short. I don't know if it was wise or not but my risk is extremely low while I learn.
Attached Thumbnails http://www.forexfactory.com/attachme...1&d=1305630394
Well I took profit at +46. I know this is low for GY but it is off hours and I don't know what to expect when NY opens. Besides this was my first trade using this method. I am very encouraged.


**edit its a few minutes after the fact but I figure I would post a chart. I closed at 132.26
Attached Image (click to enlarge)
Click to Enlarge Name: gy trade close.jpg Size: 117 KB
  • #2,829
  • May 17, 2011 7:43am May 17, 2011 7:43am
Quoting courtneywild
sorry its not funny but this post is funny... we all go there.

not at you with you friend. do you mean nob?
lol nah its all good no loss this time but just some other times it has slipped my mind when i know i should have a quick look especially when only trading 1 hour charts.. lol no i meant noob.. just a word meaning someone inexperienced in something basically..more of a gaming term
nollej is power..
  • #2,830
  • May 17, 2011 7:50am May 17, 2011 7:50am
Quoting nollej
lol nah its all good no loss this time but just some other times it has slipped my mind when i know i should have a quick look especially when only trading 1 hour charts.. lol no i meant noob.. just a word meaning someone inexperienced in something basically..more of a gaming term
never heard the term but often called a nob lol.

Hey could someone create a indi that says CHECK THE NEWS that flashes so we can attach to the charts... serious!!!
  • #2,831
  • May 17, 2011 7:55am May 17, 2011 7:55am
Jumped out for news and back in again at original entry level
You don't have to be right, just don't be too wrong
  • #2,832
  • May 17, 2011 7:55am May 17, 2011 7:55am
I'm in again. comments welcome.....this could also become a 4 hour trade too hopefully.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 149 KB
  • #2,833
  • May 17, 2011 7:58am May 17, 2011 7:58am
Quoting dean
I'm in again. comments welcome.....this could also become a 4 hour trade too hopefully.

Look like its close to a strong support level....!
Now trading live
  • #2,834
  • May 17, 2011 8:06am May 17, 2011 8:06am
US/CHF potential cross long BUT heading into R line
AU/US potential cross to short BUT heading into S line
EU/US potential cross to short BUT heading to S line

Stoc not ready on any just yet.
All charts 4 hour and 55 mins to wait until next candle

anyone else see these please? thanks
  • #2,835
  • May 17, 2011 8:06am May 17, 2011 8:06am
Quoting johnnykanoo
Well I took profit at +46. I know this is low for GY but it is off hours and I don't know what to expect when NY opens. Besides this was my first trade using this method. I am very encouraged.


**edit its a few minutes after the fact but I figure I would post a chart. I closed at 132.26
great trade yall...i was hittinjg the aud/jpy at the same time ....i took 3 trades and made 30 or so pips total.....as soon as i gave up the fight it ran for 100ish pips .....gahhhhh! lol
  • #2,836
  • May 17, 2011 8:09am May 17, 2011 8:09am
Quoting SnapCracklePip
great trade yall...i was hittinjg the aud/jpy at the same time ....i took 3 trades and made 30 or so pips total.....as soon as i gave up the fight it ran for 100ish pips .....gahhhhh! lol
I stayed in short on GY, UY, EY..stayed in for the news just got out on all trades made 5% of my account today! Now out till tomorrow Thank you big E!!
Attached Image (click to enlarge)
Click to Enlarge Name: Short Y.png Size: 112 KB
  • #2,837
  • May 17, 2011 8:15am May 17, 2011 8:15am
I have 2 suggestions that might help someone...

I usually trade 3-4 different charts at a time. What I have found
is I'll usually end up making money on 3 of them and losing
on 1 of them. I seem to be hitting on about 75% of my trades.

Also I only look at the 4 hour chart. I don't confirm my trades
with any other chart time. I think it's important to specialize
in 1 time frame. I think the 4 hour time frame is where the
money's at so I just specialize in the 1 time frame.

snarlyjack
  • #2,838
  • Edited 8:42am May 17, 2011 8:21am | Edited 8:42am
Quoting Olarion1975
Hi Snap,

one question: do you only enter at the start of a new candle or right at the cross?

PS:
Does your above comment mean you also trade the TDI cross on the 1 minute??

Cheers,
Olarion
i let the cross happen....if i see the green tail sticking out an i feel good about it i dont hesitate to place a limit order between the spread(my broker pays me to enter limit inside spread).........if i feel market is gonna run off an leave me ill just enter at market and eat commission...

http://www.mbtrading.com/forex.aspx

im using 1hr charts to enter....i have one screen for 4hr and one screen for 1hr..... but then again on my(laptop) 15min screen i have an rsi(tdi) template that i like to curse.....it shows me shoulda coulda woulda info.....its much faster than the 1hr and so far ive not taken it to get in.....but i have used the 15 to get out so........i dunno what to say......ive been trading long enough......i can trade almost any system i come across.......big e setup is as easy as can be....if you are a scalper you could use this on a tick chart if you wanted to......but for the most part jusy 1hr and 4hr charts for me
  • #2,839
  • May 17, 2011 8:23am May 17, 2011 8:23am
Quoting snarlyjack
I have 2 suggestions that might help someone...

I usually trade 3-4 different charts at a time. What I have found
is I'll usually end up making money on 3 of them and losing
on 1 of them. I seem to be hitting on about 75% of my trades.

Also I only look at the 4 hour chart. I don't confirm my trades
with any other chart time. I think it's important to specialize
in 1 time frame. I think the 4 hour time frame is where the
money's at so I just specialize in the 1 time frame.

snarlyjack
I agree. However I am finding success at the 1hr time frame (but also sticking to it like you). I have also found the only loosing trades I have had are where the stochastics are exhausted and not coming down from the overbought/oversold area. Hence the fact I am now being patient and only picking off the very best setups.
  • #2,840
  • May 17, 2011 8:26am May 17, 2011 8:26am
Quoting snarlyjack
As you can see the tdi has crossed hard on all
4 of these charts. I'am up about $100.00 just
in the last few hours.

Hope this helps...

snarlyjack
How did these trades pan out for you?
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