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Trading Made Simple

  • #7,241
  • Jul 6, 2011 8:46am Jul 6, 2011 8:46am
Quoting geobull
So as i understood you use 15min for exit yes? if change 15min time frame again me i close postions yes? thanks Ceebs
Geo

No, I use the lower timeframe to help me get a better entry. This is how I personally check on the price action at the time I am considering a trade.

For example; if I consider taking a 4 hr short, such as the AUDUSD at 2.00pm. I check the 15min chart (TDI) and price action to see if I can expect a pullback. If the 15min TDI is very much against me, I wait for it to turn in my favour before entering. This does not neccearily mean that I will get a better entry than the original 4 hr opening price, but it usually means that the price will not move against me, immedialtly after entering.

Hope that helps
  • #7,242
  • Jul 6, 2011 8:49am Jul 6, 2011 8:49am
Quoting Wbm
But aren't the TDI lines flat on those time frames?
On H4 they are starting to flat out yes. On daily they're both hooking over south...
  • #7,243
  • Jul 6, 2011 8:52am Jul 6, 2011 8:52am
[quote=PreetEnzo;4755819]
Quoting maxtrader
Is this also a Big E rule?
Thanks[/QUO
I don't think is Big E' rule, just basic Forex. You never want to go against the daily trend.

Thanks but I dont think is basic Forex, in price action you dont follow the trend, you follow the price. There are systems like trending systems where you follow the trend.
Indicators always obey Price, not the other way.
  • #7,244
  • Jul 6, 2011 8:54am Jul 6, 2011 8:54am
Quoting ceebs
Geo

No, I use the lower timeframe to help me get a better entry. This is how I personally check on the price action at the time I am considering a trade.

For example; if I consider taking a 4 hr short, such as the AUDUSD at 2.00pm. I check the 15min chart (TDI) and price action to see if I can expect a pullback. If the 15min TDI is very much against me, I wait for it to turn in my favour before entering. This does not neccearily mean that I will get a better entry than the original 4 hr opening price, but it usually means that the price...
ok thanks
  • #7,245
  • Jul 6, 2011 8:56am Jul 6, 2011 8:56am
God how I love this battle, I just kick the *hit out of George Sorros tonight. I love taking that Idiots money! He' God, don't ya know, just ask him. He's my motivation. Every day is a new squrmish on the battlefield of pips and I was born to fight for every pip I can get. This is my destiny, God how I love it. Well back to battle, Take care Newbe's and make those pips.
  • #7,246
  • Jul 6, 2011 9:07am Jul 6, 2011 9:07am
Made around 8% today so far lots of trades, few losers, but that is part of the game. Just take the best ones.
  • #7,247
  • Jul 6, 2011 9:08am Jul 6, 2011 9:08am
Quoting Danyjoe
and there is this news in 15 minutes

USD

ISM Non-Manufacturing PMI


Ism Non-Manf. Composite > Exp 53.7, Prior > 54.6, Actual > 53.3
  • #7,248
  • Jul 6, 2011 9:17am Jul 6, 2011 9:17am
Quoting Danyjoe
Thanks!

what do you think?

i saw:
good cross TDI
daily trend
RS
good candle(maybe someone long shadow.. it's a problem?)
maybe not strong red TDI in EURCHF..

some mistake?
i'm +188pips now
  • #7,249
  • Jul 6, 2011 9:20am Jul 6, 2011 9:20am
LOL...
Kinda liken those trenches on this battle field myself...
Groups the old traditionalists together for a big kill...
Good Trades to All...
Cliff

Quoting PipsyRussell
God how I love this battle, I just kick the *hit out of George Sorros tonight. I love taking that Idiots money! He' God, don't ya know, just ask him. He's my motivation. Every day is a new squrmish on the battlefield of pips and I was born to fight for every pip I can get. This is my destiny, God how I love it. Well back to battle, Take care Newbe's and make those pips.
I get exercise just pushing my luck
  • #7,250
  • Jul 6, 2011 9:23am Jul 6, 2011 9:23am
Anyone in this eurchf short with me? I'm currently +280 pips
  • #7,251
  • Jul 6, 2011 9:27am Jul 6, 2011 9:27am
Quoting AlienFrog
I'm still in this trade. The7 are you still planning to cash out around .8940? It's trying to get below .8950 now. It bounced off this level a few weeks ago as resistance in the bull run, and it may turn into support now. I think if it breaks with any momentum I'll target .8900 to exit. If it hesitates much more now I'll get out now.
0.8940 is the monthly pivot..I cashed 104 pips...Close your trade..
  • #7,252
  • Jul 6, 2011 9:27am Jul 6, 2011 9:27am
Very nice trade Bez, what a beauty. I was not able to take it.
Would you still in this trade on a live account?
  • #7,253
  • Jul 6, 2011 9:31am Jul 6, 2011 9:31am
Quoting Thierry
Very nice trade Bez, what a beauty. I was not able to take it.
Would you still in this trade on a live account?
No still demo mate.
  • #7,254
  • Jul 6, 2011 9:38am Jul 6, 2011 9:38am
2 opposite signals within 8 hours..Price is confused, can't find direction. Give him some time, dont trade this for a while.... It wants to leave te pivot, but can't. Everyone should master the importance of pivots.
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  • #7,255
  • Jul 6, 2011 9:39am Jul 6, 2011 9:39am
is anyon e short audusd?
  • #7,256
  • Jul 6, 2011 9:42am Jul 6, 2011 9:42am
Quoting bez3000
Anyone in this eurchf short with me? I'm currently +280 pips
Nice trade. I didn't get in, cross wasn't good on my chart. I got in at the bounce but already closed out for a few pips.
I just closed USDDKK at 8am from a bounce for +100pips and still in GBPJPY for +100 pips.

Lain
  • #7,257
  • Jul 6, 2011 9:43am Jul 6, 2011 9:43am
All I want is setups like this once every week...Low Risk, High Reward...Take Profit is at the Pivot.
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  • #7,258
  • Jul 6, 2011 9:44am Jul 6, 2011 9:44am
Quoting geobull
is anyon e short audusd?
I shorted at my 8am 4HR bar.
It's retaced about 25pips but almost all my positions retrace after a TDI cross so I just wait them out.

Lain
  • #7,259
  • Jul 6, 2011 9:48am Jul 6, 2011 9:48am
Quoting demoreal
Trying my luck again - this time with GU. Anybody else short?
Well - I'm still in. I'm waiting for the green line to go flat.
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  • #7,260
  • Jul 6, 2011 9:50am Jul 6, 2011 9:50am
Here is a good money management that goes with this system. When you put a Stop Loss at the last high/low, make sure it always equals a certain % of your balance. If you are risking say %1 per trade, make sure to adjust your lot size every time, so you can see a growth in your equity. Otherwise you will make pips but not money...Even if you loose, do not change that %..
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