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Trading Made Simple

  • #5,441
  • Jun 15, 2011 10:37am Jun 15, 2011 10:37am
U got it XP...
Those that say do not know. Those that know do not say.
  • #5,442
  • Jun 15, 2011 10:38am Jun 15, 2011 10:38am
Quoting Thierry
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.
Good point still demo so not been an issue yet we wil see.
  • #5,443
  • Jun 15, 2011 10:40am Jun 15, 2011 10:40am
ok thanks for your replies , I'll give it ago and see where it leads me
  • #5,444
  • Jun 15, 2011 10:51am Jun 15, 2011 10:51am
don't see any red news that just hit but my account just exploded positive.... to bad it's only a demo
  • #5,445
  • Jun 15, 2011 10:52am Jun 15, 2011 10:52am
Quoting Thierry
Took the same
Is there a particular place you're going to exit the trade???
  • #5,446
  • Jun 15, 2011 11:05am Jun 15, 2011 11:05am
Don't know what news caused that move because that was no "red" news on FF but it made so much profit I just closed all my positions. That was pretty crazy. Glad TDI put me on the right side of that move

I haven't read any "rules" when things like that happen. Does it make sense to take you profit at the end of the 1hr bar when something like that happens. Or stay in until TDI check marks?
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  • #5,447
  • Jun 15, 2011 11:24am Jun 15, 2011 11:24am
only trade so far today +60 pips.

The first chart is how the trade looked to me when I took it (entry marked with red line). Second is how it was just after I exited (TP).

Nice bounce off that strong support area and a bounce of that trend line. Strong candle, stoch agreement and excellent angle on the TDI.

I drew a red line on the TDI also, this is a pattern Dean Malone looks for where the green line makes a kind of step up. It also made this shape on the last reversal too.

Looking back it looks like a few other took this too! - lol - good pippin
Attached Image(s) (click to enlarge)
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  • #5,448
  • Jun 15, 2011 11:29am Jun 15, 2011 11:29am
Quoting Wbm
Is there a particular place you're going to exit the trade???
My TP was hit at the first red line on my chart. Maybe to conservative.
All pairs are going crazy today with this method, look at the aud usd trade we did!
  • #5,449
  • Jun 15, 2011 11:32am Jun 15, 2011 11:32am
Does look a news move, anyone know what?
  • #5,450
  • Jun 15, 2011 11:32am Jun 15, 2011 11:32am
4 HR chart: trail stop has locked in 55 so far....up about 77 now
  • #5,451
  • Jun 15, 2011 11:33am Jun 15, 2011 11:33am
God Bless You, Eric
  • #5,452
  • Jun 15, 2011 11:35am Jun 15, 2011 11:35am
Quoting Thierry
My TP was hit at the first red line on my chart. Maybe to conservative.
All pairs are going crazy today with this method, look at the aud usd trade we did!
As BigE says nothing wrong with setting a sensible TP.
  • #5,453
  • Jun 15, 2011 11:37am Jun 15, 2011 11:37am
Quoting 2scoops
As BigE says nothing wrong with setting a sensible TP.
Thats right, nothing wrong with take profit of the table, was a 1R trade.
A lot of possiblities will come
  • #5,454
  • Jun 15, 2011 11:38am Jun 15, 2011 11:38am
Quoting milicentfx
4 HR chart: trail stop has locked in 55 so far....up about 77 now
I missed that I was too busy with the USD/CAD. Would you recommend going in it now for the 4 hour time frame?
  • #5,455
  • Jun 15, 2011 11:41am Jun 15, 2011 11:41am
Quoting Thierry
My TP was hit at the first red line on my chart. Maybe to conservative.
All pairs are going crazy today with this method, look at the aud usd trade we did!
Yea i took mine out early-ish as well but we're saying this in hindsight we didn't really know how far it was going to go up. Saying that what would you say about jumping in ASD/USD right now on the 4hr time frame? Since it's only the second candle?
  • #5,456
  • Jun 15, 2011 11:42am Jun 15, 2011 11:42am
Quoting Thierry
My TP was hit at the first red line on my chart. Maybe to conservative.
All pairs are going crazy today with this method, look at the aud usd trade we did!
you can never lose money by taking profit
  • #5,457
  • Jun 15, 2011 11:42am Jun 15, 2011 11:42am
Quoting Wbm
I missed that I was too busy with the USD/CAD. Would you recommend going in it now for the 4 hour time frame?
I would not recommend you to do that, we have already had a big move. I would wait for another change. Just my opinion
Attached Image (click to enlarge)
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  • #5,458
  • Jun 15, 2011 12:12pm Jun 15, 2011 12:12pm
Quoting Thierry
I would not recommend you to do that, we have already had a big move. I would wait for another change. Just my opinion
Yea I guessed as much, just wanted to see what your view was. Thank you
  • #5,459
  • Jun 15, 2011 12:29pm Jun 15, 2011 12:29pm
How far do you think GBP/USD is going to go? It doesn't seem to want to stop.
  • #5,460
  • Jun 15, 2011 12:37pm Jun 15, 2011 12:37pm
Levels on red. But look at the tdi and stoch, very low. I will not say gbp usd is not going down any more, but for me it's too late to take a short on this moment.
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