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  • #5,421
  • Jun 15, 2011 8:44am Jun 15, 2011 8:44am
Can someone please help me and tell me what I did wrong when I took this trade? Because as soon as I got in it turned on me! I keep losing money and I don't know what im doing wrong :'(. The yellow lines are where I took the trade.

Please help, thanks in advance!

WBM
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  • #5,422
  • Jun 15, 2011 8:54am Jun 15, 2011 8:54am
Quoting Wbm
Can someone please help me and tell me what I did wrong when I took this trade? Because as soon as I got in it turned on me! I keep losing money and I don't know what im doing wrong :'(. The yellow lines are where I took the trade.

Please help, thanks in advance!

WBM
15 min will kill you. Go to 1 or 4 hour tf als big E said.
Did you take the start of the candle?
  • #5,423
  • Jun 15, 2011 8:55am Jun 15, 2011 8:55am
Quoting Wbm
Can someone please help me and tell me what I did wrong when I took this trade? Because as soon as I got in it turned on me! I keep losing money and I don't know what im doing wrong :'(. The yellow lines are where I took the trade.

Please help, thanks in advance!

WBM
Hey, candles too small and I cannot actually see the cross. Also inside a range area. Just my opinion, not an expert.
Where did you get that Sessions indicator, with London and NY? Mind sharing it?
Cheers,
Erick
build a better future. ForexNation dot Org
  • #5,424
  • Jun 15, 2011 8:56am Jun 15, 2011 8:56am
Gents,

if you're trading on the H4 charts, what are you putting as your stop loss?

Also I can see a number of users not having the yellow line within the TDI, is there a reason for this or not?
  • #5,425
  • Jun 15, 2011 8:56am Jun 15, 2011 8:56am
Quoting Wbm
Can someone please help me and tell me what I did wrong when I took this trade? Because as soon as I got in it turned on me! I keep losing money and I don't know what im doing wrong :'(. The yellow lines are where I took the trade.

Please help, thanks in advance!

WBM
On 15 min chart there were half a dozen signals within the space of a few hours with price going sideways. All of them failed.

4hr hr tdi was flat already suggesting in terms of rules that the move up from 6270 area was running out of steam and to get out of buys.

Traditional 1hr candles were also suggesting a move down.
  • #5,426
  • Jun 15, 2011 8:59am Jun 15, 2011 8:59am
Quoting alkenany
shorted AUS/USD 1.657 on H4 chart
thats nice move. I pm you. PLS CHECK YOUR MAIL
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #5,427
  • Jun 15, 2011 9:00am Jun 15, 2011 9:00am
Quoting xp3000
Gents,

if you're trading on the H4 charts, what are you putting as your stop loss?

Also I can see a number of users not having the yellow line within the TDI, is there a reason for this or not?
Big E uses also de TDI without the yellow line.
  • #5,428
  • Jun 15, 2011 9:01am Jun 15, 2011 9:01am
Quoting Vantage
On 15 min chart there were half a dozen signals within the space of a few hours with price going sideways. All of them failed.

4hr hr tdi was flat already suggesting in terms of rules that the move up from 6270 area was running out of steam and to get out of buys.

Traditional 1hr candles were also suggesting a move down.
Sorry 4hr chart and 15 min charts for above post. If you're going to use short term time frames use them to time an entry at start of 4hr move not the end.

Oh yes you said you were losing money, don't trade live until you have this or any other method sorted.
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  • #5,429
  • Jun 15, 2011 9:04am Jun 15, 2011 9:04am
I have been using this system to trade Silver on 30mins....it has been very profitable for me so far...
  • #5,430
  • Jun 15, 2011 9:13am Jun 15, 2011 9:13am
just gone long usd/cad on cross of tdi on 4h.
  • #5,431
  • Jun 15, 2011 9:47am Jun 15, 2011 9:47am
Quoting italiano
just gone long usd/cad on cross of tdi on 4h.
Took the same
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  • #5,432
  • Jun 15, 2011 9:59am Jun 15, 2011 9:59am
Here is the way I get out of a trade. Once you enter the trade, if there is no new Highs or Lows for the next candle, get out..Either you are in a profit or loss. I trade the 4 Hour charts, and having great success so far..
  • #5,433
  • Jun 15, 2011 10:12am Jun 15, 2011 10:12am
Quoting Thierry
Took the same
Me too.
I'm also short the aud/usd 4hr, usd/chf 1hr, usd/jpy 1hr, nzd/jpy 1hr, cad/jpy 1hr

So far the 1hrs are the only profitable ones.
  • #5,434
  • Jun 15, 2011 10:16am Jun 15, 2011 10:16am
Quoting Thierry
Since today i only trade the 4h tf and i feel much more confidence. Less noise on the charts en more time to make a descision.
I am very conservative with my risk, make around 2% so far today.
Thierry
I also only trade 4h i found them to have less noise and have given me some great trades this week, more pips than i have ever made!
When i go live i will risk 2% per trade with my SL at the last swing.
  • #5,435
  • Jun 15, 2011 10:19am Jun 15, 2011 10:19am
Quoting Thierry
Just look for another setups. If you follow 8 or more pairs, you wil get at least 5 nice setups a day, wait for the best.
That is something i am training on.
I am following 20 pairs at the moment, it allows me to only pick the best setups. Over the last couple of days i have had between 7 & 10 trades runing at the same time.
  • #5,436
  • Jun 15, 2011 10:21am Jun 15, 2011 10:21am
Quoting The7
Here is the way I get out of a trade. Once you enter the trade, if there is no new Highs or Lows for the next candle, get out..Either you are in a profit or loss. I trade the 4 Hour charts, and having great success so far..
Neat idea. I'll watch for that kind of an exit when demo trading.

Thanks,
  • #5,437
  • Jun 15, 2011 10:21am Jun 15, 2011 10:21am
Quoting xp3000
Gents,

if you're trading on the H4 charts, what are you putting as your stop loss?

Also I can see a number of users not having the yellow line within the TDI, is there a reason for this or not?
SL behind last swing!
  • #5,438
  • Jun 15, 2011 10:29am Jun 15, 2011 10:29am
Quoting bez3000
I am following 20 pairs at the moment, it allows me to only pick the best setups. Over the last couple of days i have had between 7 & 10 trades runing at the same time.
Thats a lot of action!
I follow now 9 pairs, 9 small screens on my monitor.

Be cafefull with risking inmeditiate 2% when you open 7 to 10 trades at the same time, this is psychological not easy. ( worst scenario you lose 20% on 1 day, i know the chance is small).

I risk max 1% per trade, there are so many trades we can take.
  • #5,439
  • Jun 15, 2011 10:29am Jun 15, 2011 10:29am
Quoting bez3000
SL behind last swing!
So I'm correct in saying you would put your SL on the attached image at the marked index

P.S this image was used from Thierry post just above
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  • #5,440
  • Jun 15, 2011 10:37am Jun 15, 2011 10:37am
Quoting xp3000
So I'm correct in saying you would put your SL on the attached image at the marked index

P.S this image was used from Thierry post just above
Thats correct maybe 5-10 pips below that swing.
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