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Trading Made Simple

  • #3,841
  • May 25, 2011 8:28am May 25, 2011 8:28am
Quoting sachigi
I made this trades last night, in this moment i´m loosing, can anybody tell me why?, i need your coments, thanks.
Maybe because you are almost trading one full lot on a $1000 account?
  • #3,842
  • May 25, 2011 8:32am May 25, 2011 8:32am
Quoting mackaozy
Maybe because you are almost trading one full lot on a $1000 account?
Hi, at this moment the trade is on my way, what do you mean with i´m trading almost one full lot on a 1000 account?
  • #3,843
  • May 25, 2011 8:34am May 25, 2011 8:34am
Trades today so far. I also have now gone back to the original TDI. I was getting far too many false signals before.
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  • #3,844
  • May 25, 2011 8:36am May 25, 2011 8:36am
Quoting sachigi
Hi, at this moment the trade is on my way, what do you mean with i´m trading almost one full lot on a 1000 account?
  • #3,845
  • May 25, 2011 8:37am May 25, 2011 8:37am
Quoting JayTrader
A couple reasons I would not have taken the trades is Time of day no volume ( Big E always pulled the plug on his trades at 9 am est) which is represented by the small trigger candles and Big E said he always looked back 1 TF before entry and all 3 are going in opposite direction. My interpretation of what Big E said , if wrong please correct me Thanks
Thanks a lot (also all the others). So you wouldn't trade any of these markets at this moment, just sit back and wait till some action will happen?
  • #3,846
  • May 25, 2011 8:57am May 25, 2011 8:57am
Quoting freebeans
Anyone else having problems with metatrader going up and down. It just may be my broker having problems. I gave them a call and they said it is down and they are working on it. It was going up and down all day yesterday. My broker is Oanda. Never ever had problems with their regular platform, Its just their charting platform sucks. Excuse my language there.
Yes, Oanda MT4 yesterday and today up 'n down like a yoyo. Lucky for me it's just my "charting" demos, not my live account.
  • #3,847
  • May 25, 2011 8:59am May 25, 2011 8:59am
Quoting Aussie_fx
All small HA candles. I wouldn't enter.
On E/U:

+ E/U Stochastic going down
+ slope is small / not strong enough
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Bah...
  • #3,848
  • Edited 9:16am May 25, 2011 9:04am | Edited 9:16am
Took this short 20 mins late, testing how critical it is (20 mins late entry out of 60 mins). Second hour just launched... Still developming in my direction.. Comments?

Edit: decided to get out with some 14+ pips because:

*No support from M30 ahd H4 TDI (flat, flat)
*Freshly established support @ ~~ 1.4030 (M15, M5)
*London close ahead
*Dinner time (most important reason according to my missus) :-)
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Bah...
  • #3,849
  • May 25, 2011 9:19am May 25, 2011 9:19am
Quoting plamendp
Took this short 20 mins late, testing how critical it is (20 mins late entry out of 60 mins). Second hour just launched... Still developming in my direction.. Comments?

Edit: decided to get out with some 14+ pips because:

*No support from M30 ahd H4 TDI (flat, flat)
*Freshly established support @ ~~ 1.4030 (M15, M5)
*London close ahead
*Dinner time (most important reason according to my missus) :-)
lol Yes you have to keep the missus happy above all! I also see support around the daily S1 pivot. I would have exited too.
  • #3,850
  • May 25, 2011 9:22am May 25, 2011 9:22am
i went long on this one, hoping to sqeeze out a few pips
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  • #3,851
  • May 25, 2011 9:25am May 25, 2011 9:25am
could someone please explain the ha candle principle and what is the diff. from a normal candle?

thanks
  • #3,852
  • May 25, 2011 9:29am May 25, 2011 9:29am
[quote=plamendp;4643538]Took this short 20 mins late, testing how critical it is (20 mins late entry out of 60 mins). Second hour just launched... Still developming in my direction.. Comments?

I did too
  • #3,853
  • May 25, 2011 9:40am May 25, 2011 9:40am
Quoting plamendp
Took this short 20 mins late, testing how critical it is (20 mins late entry out of 60 mins). Second hour just launched... Still developming in my direction.. Comments?

Edit: decided to get out with some 14+ pips because:

*No support from M30 ahd H4 TDI (flat, flat)
*Freshly established support @ ~~ 1.4030 (M15, M5)
*London close ahead
*Dinner time (most important reason according to my missus) :-)

I had similar experience with EJ at same time. Got out with 15 pips myself. Kept expecting JPY and USD to strengthen. They have strengthened a little, but I don't think it's gonna hold. . . . could be wrong. . . let me look . . . yup, we did the right thing. Both these moves going bad now. Would have been a dark ride.

Shakey
  • #3,854
  • May 25, 2011 9:43am May 25, 2011 9:43am
Quoting buddygold
could someone please explain the ha candle principle and what is the diff. from a normal candle?

thanks
If you google Heiken Ashi candles you will find all information there
Regards
  • #3,855
  • May 25, 2011 10:07am May 25, 2011 10:07am
Quoting mackaozy
Maybe because you are almost trading one full lot on a $1000 account?
Looks like your signals were okay. This is the problem with trading. Sometimes (maybe even most of the time for some really bad systems) it just doesn't work. Who knows why? Face it. Technical indicators suck, but they are all most of us mortals can comprehend.

What mac means is that you have an awful lot of risk exposure for such a small account. I see you are trading .80. If you have say, a 50 pip stoploss, and you lose, you lose $40. Five straight losses, and you are in trouble because you have to make back all those pips to ever show a profit. This could take you days and weeks.

The object is to adjust your lot size and stops so that a few losses don't damage your account.

Also, learn to take your lumps (losses). If you stay in a losing trade after the signals have disappeared, you might come out okay sometimes, but the losses become horrendous. You are now gambling rather than investing. You always lose in the long run when you gamble the forex.

Hope this doesn't sound preachy. Just give you some food for thought if you are newbie.

Shake
  • #3,856
  • May 25, 2011 10:18am May 25, 2011 10:18am
Quoting Beshakey
Looks like your signals were okay....
Thak you for the coment, i'll study a lot in my demo account!! before i lose my real money.
  • #3,857
  • May 25, 2011 10:54am May 25, 2011 10:54am
I made a 270 pips profit in a week but in my last trade I opened a very big position and lost most of it. I hope you wont make something like this. By the way my account is a 50 dollar account a mini one.
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Demand is not one wants, but what one can pay for
  • #3,858
  • May 25, 2011 11:22am May 25, 2011 11:22am
Quoting davlo
i went long on this one, hoping to sqeeze out a few pips
Attachment

Davlo,

Can you please tell me what the green dots on your chart are.
  • #3,859
  • May 25, 2011 11:27am May 25, 2011 11:27am
Quoting Beshakey
What mac means is that you have an awful lot of risk exposure for such a small account. I see you are trading .80. If you have say, a 50 pip stoploss, and you lose, you lose $40. Five straight losses, and you are in trouble because you have to make back all those pips to ever show a profit. This could take you days and weeks.
are we talking mini lots or hole lots here?
50 pips x .8 = 400 in my account so id be wiped out in 3 trades. I think if your losing $40 out of $1000 thats 4% risk not bad. 40% is another story
  • #3,860
  • May 25, 2011 11:34am May 25, 2011 11:34am
keeping my eye on this one.

30 mins till new bar, momentum seems to have slowed a bit. Stoch have been over bought for a while now and TDI is 80+. also i see 2 previous bounces off resistance at this level approx 1.62850
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