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Trading Made Simple

  • #4,621
  • Jun 2, 2011 9:50pm Jun 2, 2011 9:50pm
Quoting dean
How many trades are you averaging per week drifter and what is your TP setup??
Dean,

last 2 weeks have seen 14 trades, 4 BE, 9 hit the TP of 10 - 15, 1 bad trade, got cocky, entered on 4th candle and got stopped out @ -30.

been averaging 8-9% increase on my account each week for the last 4 weeks except for 2 trades, 1 where i broke the rules the other was trying a new system. Using 3% risk for 1 or 2% reward per trade. Id still like to get the r:r ratio better at least 1 for 1. Next week im going try bringing my SL to 10 plus spread entering on M5 and set TP to 10 Plus spread.

Ill let you know how i go
  • #4,622
  • Jun 2, 2011 9:58pm Jun 2, 2011 9:58pm
Quoting eelfranz
Hey Gang,

Sorry I haven't been too active. Every day giving blood tests and seeing doctors. They are kicking my butt.

Thanks for helping each other... that"s important...

Please forgive me not getting to your questions....
No problem buddy. Your health comes first.
  • #4,623
  • Jun 2, 2011 10:02pm Jun 2, 2011 10:02pm
Quoting eelfranz
Hey Gang,

Sorry I haven't been too active. Every day giving blood tests and seeing doctors. They are kicking my butt.

Thanks for helping each other... that"s important...

Please forgive me not getting to your questions....
No need to worry about it at all Big E!!! Just get healthy!

BTW, I finally got into profit on my daily trades, and being how I hate worrying about trades on Friday, I closed them out. Total profit... you'll get a laugh out of it... 5 pips.
  • #4,624
  • Jun 2, 2011 10:03pm Jun 2, 2011 10:03pm
Get well soon Eel



Quoting wrenski
No problem buddy. Your health comes first.
  • #4,625
  • Jun 2, 2011 10:14pm Jun 2, 2011 10:14pm
Quoting dean
You're in luck. I have other charting software and I asked a simlar question as to how to build or replicate the tdi and a well known commercial member replied and tols me how to set it up. I am sure it will help you. see post number 8 http://www.forexfactory.com/showthread.php?t=294327
Hi Dean,

Thanks for link. Just spent about 5hrs trying to duplicate it but my plot just won't match up to the chart in post #8. Not giving up, gonig to try again tomorrow.


Thanks again. Have a good night.

Lain
  • #4,626
  • Jun 2, 2011 10:27pm Jun 2, 2011 10:27pm
Quoting eelfranz
Hey Gang,

Sorry I haven't been too active. Every day giving blood tests and seeing doctors. They are kicking my butt.

Thanks for helping each other... that"s important...

Please forgive me not getting to your questions....
No worries my friend, there are some good guys on this thread that are helping out, get yourself better then you can kick butt.
Regards
Barry
  • #4,627
  • Jun 3, 2011 12:25am Jun 3, 2011 12:25am
Quoting 33drifter
Dean,

last 2 weeks have seen 14 trades, 4 BE, 9 hit the TP of 10 - 15, 1 bad trade, got cocky, entered on 4th candle and got stopped out @ -30.

been averaging 8-9% increase on my account each week for the last 4 weeks except for 2 trades, 1 where i broke the rules the other was trying a new system. Using 3% risk for 1 or 2% reward per trade. Id still like to get the r:r ratio better at least 1 for 1. Next week im going try bringing my SL to 10 plus spread entering on M5 and set TP to 10 Plus spread.

Ill let you know how i go
Thanks mate I appreciate it. One for one would be perfect I reckon, becasue you are only going to get better and select more high probability trades as you go which will increase your reward. Good job mate it sounds as if you are going well.
  • #4,628
  • Jun 3, 2011 2:11am Jun 3, 2011 2:11am
Quoting eelfranz
Hey Gang,

Sorry I haven't been too active. Every day giving blood tests and seeing doctors. They are kicking my butt.

Thanks for helping each other... that"s important...

Please forgive me not getting to your questions....
do not worry
We are here waiting you
think to recover 100% now
  • #4,629
  • Jun 3, 2011 2:38am Jun 3, 2011 2:38am
Quoting Lain
Hi Dean,

Thanks for link. Just spent about 5hrs trying to duplicate it but my plot just won't match up to the chart in post #8. Not giving up, gonig to try again tomorrow.


Thanks again. Have a good night.

Lain
What platform do you use?
  • #4,630
  • Jun 3, 2011 3:17am Jun 3, 2011 3:17am
Big thanks to you BigE for all the help ! ! !
  • #4,631
  • Jun 3, 2011 3:22am Jun 3, 2011 3:22am
why there is so many TDI flat today -especially on GBP- (london session) ?
  • #4,632
  • Jun 3, 2011 3:34am Jun 3, 2011 3:34am
Quoting KCV
yes a buy signal.

KC
Hi mate, few notes

1. I'd suggest removing Lawgir's indi and arrows from the chart (confusing)

2. Your stochastic is 14,3,3, SMMA, Low/High. Change it to 8,3,3,SMA,Close/Close. Anyone else? At least that's is mine.

3. Resistence

I'd stay out...

Plamen
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-h1.gif Size: 40 KB
Bah...
  • #4,633
  • Jun 3, 2011 3:51am Jun 3, 2011 3:51am
Did anyone else take the usdchf short? +9 as we speak but with the trend so could go a ways.
  • #4,634
  • Jun 3, 2011 4:31am Jun 3, 2011 4:31am
[quote=bigtent;4663451]G'day,

Can you explain why there are no entries at the areas circled?

By this, I mean exactly what tells you NOT to enter a trade.

Thanks in advance!


Attachment [/quote
You don't buy when TDI is over 50
Sell when TDI is above 50 and Buy when TDI is below 50
Lybi lydey, lybi vragov.
  • #4,635
  • Jun 3, 2011 4:46am Jun 3, 2011 4:46am
Quoting PreetEnzo
What you guys think about this one. I think its good setup...
Hi PreetEnzo,
Which histogram are you using? Looks good. I'd like to give it a try if its OK with you.

3X
  • #4,636
  • Jun 3, 2011 4:59am Jun 3, 2011 4:59am
Quoting cooldev
why there is so many TDI flat today -especially on GBP- (london session) ?


1:30pm GMT USD Non-Farm Employment Change

Many traders don't trade Fridays
Many more traders don't trade NFP Fridays
  • #4,637
  • Jun 3, 2011 5:16am Jun 3, 2011 5:16am
I managed to find a few entries on the GBP and a few yen crosses an 2hrs before the London open, which didnt really take off until after the GBP services release.
a/j +32
g/u +60
g/j + 61 (lucky on the GBP release)
n/u + 23
all still open


I usually find theres a lot pre release sentiment trading on big new days myself... but i have to say it is a bit more of a gamble on such big releases.

Has anyone else entered on these trades?
  • #4,638
  • Jun 3, 2011 5:41am Jun 3, 2011 5:41am
Quoting 2scoops
1:30pm GMT USD Non-Farm Employment Change

Many traders don't trade Fridays
Many more traders don't trade NFP Fridays
Also because it was a bank holiday in most of Europe yesterday almost half of the people decide to make it a long holiday and have the Friday off aswell , hence 4 days holiday
("faire le pont"). in French

all in all makes this a non active day
  • #4,639
  • Jun 3, 2011 6:39am Jun 3, 2011 6:39am
I took this trade during tokyo session. Second trade in 2 days where I settle for a few pips and left more on the table. This was a beatiful setup. I only took 20 pips and left 100 behind.
Attached Image (click to enlarge)
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  • #4,640
  • Edited 7:01am Jun 3, 2011 6:40am | Edited 7:01am
I got up last night at 11:55 PM EST and 3:55 AM EST in order to see the new 4 hr candles come up. I have the windows displayed for the recommended 8 pairs.

I am being more conservative thanks to the great feedback I got earlier:

- Ensure the stochastic confirms the trend.
- Look for a strong green.
- Note the strength of the previous candles.

However, neither of the times that I got up, and the new 4 hr candles were posted, did I see a good entry setup.

So my questions are:

- Are there nights like this when there are no good entry points or am I reading something wrong?

-Is there some sort of average that I can expect like only a couple times a week or should I be seeing an opportunity every night?

- Are the 8 PM and 8 AM times OK to trade on in this system?

Thanks again!
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