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Trading Made Simple

  • #5,361
  • Jun 14, 2011 10:27am Jun 14, 2011 10:27am
Quoting bez3000
Thierry, looking at your chart i would not have taken that trade on the 1h due to the resistance at 132.000 and the TDI crossed very high up towards the 68 area, i would want it lower.

I am long on this pair on the 4h time frame, that trade is +100 pips at the moment. Have a look at it on the 4h and see the cross is very low towards the 32.
I like the 4h instead of the 1h as i think it's easier to catch a good trending run.

Just my opinion though
Look at the daily, another 150 pips to the montly pivot line, could be do able
  • #5,362
  • Jun 14, 2011 10:32am Jun 14, 2011 10:32am
Quoting Thierry
Another losing trade, TDI is going down.
Can't understand it, i see some people making easy pips, but i fail. Don't know why.
Amongst the other good advice given Thierry price has had 3 good legs up already from 1st signal given on 1hr chart. Stop should be below the last swing low also.

Best of luck.
  • #5,363
  • Jun 14, 2011 11:00am Jun 14, 2011 11:00am
Hi Nate,
I have this on my 'watch list' right now too. It looks like the resistance of late-April became support in early-June and so I am waiting to see whether it can start to break down below this. In addition, the TDI cross looks like it did a week ago, which was a false start. though there is a slightly stronger candle now.
If I see it open with a red candle tomorrow, then I’m probably in, as it’s a nice bounce off the 68 line
  • #5,364
  • Jun 14, 2011 11:38am Jun 14, 2011 11:38am
Quoting aapkae
Hi Nate,
I have this on my 'watch list' right now too. It looks like the resistance of late-April became support in early-June and so I am waiting to see whether it can start to break down below this. In addition, the TDI cross looks like it did a week ago, which was a false start. though there is a slightly stronger candle now.
If I see it open with a red candle tomorrow, then I’m probably in, as it’s a nice bounce off the 68 line...

This is a copy and paste of my post yesterday!!
  • #5,365
  • Jun 14, 2011 11:38am Jun 14, 2011 11:38am
Quoting Thierry
Another losing trade, TDI is going down.
Can't understand it, i see some people making easy pips, but i fail. Don't know why.
Which candle did you enter on?
  • #5,366
  • Jun 14, 2011 11:51am Jun 14, 2011 11:51am
Quoting 2scoops
Which candle did you enter on?
The second one, but the open on the chart was much lower than the open real live.
I don't know if thats bacause of my broker or the HA candles.
  • #5,367
  • Jun 14, 2011 12:04pm Jun 14, 2011 12:04pm
Took this long trade.

SL 80
TP 81.50 (last swing high)
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy 4h.jpg Size: 133 KB
  • #5,368
  • Jun 14, 2011 12:06pm Jun 14, 2011 12:06pm
Quoting Thierry
The second one, but the open on the chart was much lower than the open real live.
I don't know if thats bacause of my broker or the HA candles.
Spread + HA candles.
  • #5,369
  • Jun 14, 2011 12:14pm Jun 14, 2011 12:14pm
Quoting Thierry
Took this long trade.

SL 80
TP 81.50 (last swing high)
This trade was on my radar but i passed as i think price has been consolidating for a while with no real direction.
I have been checking the Daily time frames before entering 4h trades and this pair is easy to see it's consolidating without any real direction.
I hope it works out for you and it may well do it's just not trendy enough for me

I agree with your SL but i normally don't use TP unless close to S&R.
  • #5,370
  • Jun 14, 2011 12:16pm Jun 14, 2011 12:16pm
Quoting Thierry
Took this long trade.

SL 80
TP 81.50 (last swing high)
Thierry please mark your entry to avoid confusion
  • #5,371
  • Jun 14, 2011 12:20pm Jun 14, 2011 12:20pm
Quoting 2scoops
Thierry please mark your entry to avoid confusion
I enter at the 80.45. I trade at an other broker.
  • #5,372
  • Jun 14, 2011 12:36pm Jun 14, 2011 12:36pm
Quoting Thierry
I enter at the 80.45. I trade at an other broker.
Sorry I mean't with a red line (as BigE does). Thierry have you read the thread yet?
  • #5,373
  • Jun 14, 2011 12:44pm Jun 14, 2011 12:44pm
Quoting 2scoops
Sorry I mean't with a red line (as BigE does). Thierry have you read the thread yet?
I've read the whole thread, but my english is not that good, so maybe i missed some details?

TDI cross (12-2 long, 4-6 short)
Confirm bij stoch
1 or 2nd candle for the entry.
Stoploss below swing low.
TP at SR of flat TDI.

And the basic stuff what we need with al systems.

Right?
  • #5,374
  • Jun 14, 2011 12:51pm Jun 14, 2011 12:51pm
I've been demo trading this strategy for 2 days now (1HR & 4HR), I've also ran a number of lab modes on historical data and so far I've very impressed with it's simplicity yet accurate entries when you follow the entry rules.
I've noticed though that quite often it will fake you out of a trade with a check mark and them resume the trend. By the time the check mark has formed it's given back a good number of pips and you may close out a trade with something like a 4 pip gain, yet it was up 20 pips at one point and then it will continue higher anyways.

Is there anyway to confirm a check mark/flat exit to help determine if it's a fake out or an actual reversal?


Thanks,

Lain
  • #5,375
  • Jun 14, 2011 1:50pm Jun 14, 2011 1:50pm
That is forex you. You cant have every pips. Any thing you are able to get positively, get it and wait for another chance.
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #5,376
  • Jun 14, 2011 2:31pm Jun 14, 2011 2:31pm
Okay ! I'm in. not a great time of day but tight sl and waiting for the 4hr confirmation. Also nice resistance at the 86.20 ish and rejection candle.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy1hr rev.gif Size: 35 KB
  • #5,377
  • Jun 14, 2011 3:43pm Jun 14, 2011 3:43pm
Trade Closed for +24
Reason: stalling a Support
Quoting TheRoper
Short Play
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-14_1628_GBPUSD_Exit.jpg Size: 156 KB
  • #5,378
  • Jun 14, 2011 3:54pm Jun 14, 2011 3:54pm
Hey Chili, the indicator that you have that shows the price in the lower left, could you share that one please, all the ones I have found are on the right............in the way of action.............Thanks man


Quoting Chillypiper
Okay ! I'm in. not a great time of day but tight sl and waiting for the 4hr confirmation. Also nice resistance at the 86.20 ish and rejection candle.
  • #5,379
  • Jun 14, 2011 4:19pm Jun 14, 2011 4:19pm
I have been following this system on more than one thread on ff as well as on another forum -- all I can say is thank you BigE and company.

Using this system has brought my life back into order, although I love staring at charts all day, I can now have a life between 4H closes.

I have made many notes on the system, and each time I note something new, I test it out -- the best, by far, is the KISS -- simplicity is key!

Happy pippin' eh!
  • #5,380
  • Jun 14, 2011 4:39pm Jun 14, 2011 4:39pm
Quoting jrushing
Hey Chili, the indicator that you have that shows the price in the lower left, could you share that one please, all the ones I have found are on the right............in the way of action.............Thanks man
//+------------------------------------------------------------------+
//| Magnified Market Price.mq4 ver1.4 by Habeeb |
//+------------------------------------------------------------------+
#property indicator_chart_window
extern string note1 = "Change font colors automatically? True = Yes";
extern bool Bid_Ask_Colors = False;
extern string note2 = "Default Font Color";
extern color FontColor = Black;
extern string note3 = "Font Size";
extern int FontSize=36;
extern string note4 = "Font Type";
extern string FontType="Arial Bold";
extern string note5 = "Display the price in what corner?";
extern string note6 = "Upper left=0; Upper right=1";
extern string note7 = "Lower left=2; Lower right=3";
extern int WhatCorner=2;
double Old_Price;
int init()
{
return(0);
}
int deinit()
{
ObjectDelete("Market_Price_Label");

return(0);
}
int start()
{
if (Bid_Ask_Colors == True)
{
if (Bid > Old_Price) FontColor = LawnGreen;
if (Bid < Old_Price) FontColor = Red;
Old_Price = Bid;
}

string Market_Price = DoubleToStr(Bid, Digits);

ObjectCreate("Market_Price_Label", OBJ_LABEL, 0, 0, 0);
ObjectSetText("Market_Price_Label", Market_Price, FontSize, FontType, FontColor);
ObjectSet("Market_Price_Label", OBJPROP_CORNER, WhatCorner);
ObjectSet("Market_Price_Label", OBJPROP_XDISTANCE, 1);
ObjectSet("Market_Price_Label", OBJPROP_YDISTANCE, 1);
}
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