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Trading Made Simple

  • #9,941
  • Edited 3:55am Aug 15, 2011 3:20am | Edited 3:55am
Absolutely no way am I wading out into that quagmire at the moment. Need to see solid and clear momentum first.

More.. erm, 'mature' people might remember that old t shirt you could get with a vulture saying 'Patience my ass. I'm gonna kill something'. Trying to avoid thinking like that vulture.
  • #9,942
  • Aug 15, 2011 3:21am Aug 15, 2011 3:21am
Quoting Milton
My answer was clear: You will have a winning trade or a losing trade BY THE RULES. Losing is ok. Profitable traders do lose.
And all this "Eur and USA crap" didn't effect my trades.

Your previous reply didn't say anything about my original question.. at least not that I could see.. it seemed to me that all you were doing was trying to win me over to this system. Which as I already stated many times I have no issues with it.. no worries or anything else.

It's nice that your not being effected by the issues going on in Europe and the deficit issues here in the US.. wish I could say the same. lol

I don't know about you guys but i have noticed a lot of funny things going on.. ie..a view weeks ago did anyone notice that all of a sudden eur/jpy just shoots up like 100 pips? ( I wish I could say that I had enough margin to weather a 100 pips move.. but i do not!) Was no news.. nothing.. just pheewww.. takes off. According to my broker, GFT, it was intervention.. Stuff like that...

Fun stuff.. for sure! But, that's what a good stop is for, huh? lol..

Anywho.. I don't see anything happening in the pairs that I am looking at... looks like I will have to wait until the H4 candle at 4am.. sigh... or just call it a night and look for something tomorrow!
  • #9,943
  • Aug 15, 2011 3:26am Aug 15, 2011 3:26am
Quoting DaveUK
Absolutely no way am I wading out into that quagmire at the moment. Need to see solid and clear momentum first.

More.. erm, 'mature' people might remember that old t shirt you get get with a vulture saying 'Patience my ass. I'm gonna kill something'. Trying to avoid thinking like that vulture.

Right there with ya Dave...

I am hungry though.. and not just for pips! hahahaah DOH!
  • #9,944
  • Aug 15, 2011 3:36am Aug 15, 2011 3:36am
Quoting spitfire852
Sorry for being a bit dumb here but what constitutes a high % candle shape with HA's. I am assuming that it's the same as normal candle stick am i right?
Hi spitfire852. See posts 5274 and 6861 from adeforex.
  • #9,945
  • Aug 15, 2011 4:10am Aug 15, 2011 4:10am
Dean and 33drifter. Lesson learned: gbpusd short -100 pips (I entered with 2 lots, that is 2 x-50 pips).
  • #9,946
  • Aug 15, 2011 4:20am Aug 15, 2011 4:20am
And now it is a good signal to go long.

Quoting Milton
Dean and 33drifter. Lesson learned: gbpusd short -100 pips (I entered with 2 lots).
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  • #9,947
  • Aug 15, 2011 4:21am Aug 15, 2011 4:21am
Quoting Milton
Dean and 33drifter. Lesson learned: gbpusd short -100 pips (I entered with 2 lots, that is 2 x-50 pips).
How is this possible if you waited for the actual cross? patience is a virtue...
  • #9,948
  • Aug 15, 2011 4:25am Aug 15, 2011 4:25am
Quoting theIEguy9_09
How is this possible if you waited for the actual cross? patience is a virtue...
Look at price action...If you are using HA candles you should not have any issues spotting where price is going for the next 4hrs based on red or green candles which means stoch crossed up and down while waiting for your tdi to cross....the rules are clear as day on the first page...follow them and get off this thread...if you need a refresher after doing so..go back to the first page and re-read...this particular way is going to take patience
  • #9,949
  • Aug 15, 2011 4:29am Aug 15, 2011 4:29am
Quoting lehmann
And now it is a good signal to go long.
Interesting...my chart is showing the last three candles as blue (i.e. 5am,4am and 3am). I'm using Synergy_APB.

What is anybody else seeing?
  • #9,950
  • Aug 15, 2011 4:30am Aug 15, 2011 4:30am
Quoting lehmann
And now it is a good signal to go long.
Perfect setup for long....
  • #9,951
  • Aug 15, 2011 4:31am Aug 15, 2011 4:31am
Quoting Milton
Hi spitfire852. See posts 5274 and 6861 from adeforex.
Thanks much appreciated!!
  • #9,952
  • Aug 15, 2011 4:40am Aug 15, 2011 4:40am
Quoting Milton
Dean and 33drifter. Lesson learned: gbpusd short -100 pips (I entered with 2 lots, that is 2 x-50 pips).
that sucks mate. never good to hear that.
  • #9,953
  • Aug 15, 2011 4:45am Aug 15, 2011 4:45am
Quoting stinhk
Interesting...my chart is showing the last three candles as blue (i.e. 5am,4am and 3am). I'm using Synergy_APB.

What is anybody else seeing?
OK. Just switched from Synergy_APB to standard Heiken Ashi indicator for comparison...

Synergy_APB is showing the last three candles as green-green-green
HA indicator red-green-green
  • #9,954
  • Aug 15, 2011 5:01am Aug 15, 2011 5:01am
Just to back up what is already being said, nothing much today, I trade 24 pairs and have not entered ANY positions today. I trade 4h and daily candles there was nothing solid on my 4gmt or 8gmt candles or the daily s.

Be patient and wait for the "money" to move and jump on board , that's all this method is, trading with the momentum, keep it simple keep patient and bank your pips.

I would also like to add stop worrying about hitting perfect tops and bottoms of move, the goal is to take the middle of the move, using tdi we generally enter late and exit a little late but that still leaves plenty of pips to be made.

...and stop worrying about trade accuracy so much, your goal should be your profit factor, understanding your potential drawdown and managing that risk. I personally can't get anywhere near the 80~% accuracy that gets thrown around here, but what I do get is a profit factor of 1.5 - 2 with drawdown that I can personally handle......maybe its because I used to be a poker player I can handle swings and detacth myself from money but whatever, this system is a solid edge that works for me, hope it can work for you too.

Anyways I don't really post much or spend alot of time on forums but just my 2pence
  • #9,955
  • Aug 15, 2011 5:06am Aug 15, 2011 5:06am
What about the EURGBP, howcome u didnt enter that one?

Quoting Nizdraw
Just to back up what is already being said, nothing much today, I trade 24 pairs and have not entered ANY positions today. I trade 4h and daily candles there was nothing solid on my 4gmt or 8gmt candles or the daily s.

Be patient and wait for the "money" to move and jump on board , that's all this method is, trading with the momentum, keep it simple keep patient and bank your pips.

I would also like to add stop worrying about hitting perfect tops and bottoms of move, the goal is to take the middle of the move, using tdi we generally enter...
  • #9,956
  • Aug 15, 2011 5:12am Aug 15, 2011 5:12am
I left because I had to go...
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  • #9,957
  • Aug 15, 2011 5:12am Aug 15, 2011 5:12am
there is a lot of movement...40pip drop in the last 20min (eurusd)
  • #9,958
  • Aug 15, 2011 5:16am Aug 15, 2011 5:16am
Quoting lehmann
What about the EURGBP, howcome u didnt enter that one?
The only candles I trade on are 4gmt 8gmt and sometimes 12.00gmt, With my broker feed the 4gmt (the first I look at everyday) candle was the 3rd blue candle. Also the 00h and 4h candles have alot of upper wick something I don't realy like, but regardless I'll only take the 3rd candle if the first was a tiny squat candle or something like that, Its hard to explain but I spend tons of hours on a simulator so get a feel of the price action set ups I like to see, and there are a few 1st blue candles that I will discount.

With everyone having their 4hour candles forming at different times, there will be some moves some of us catch and some we miss, but in the long run it will all even out I guess.

When I flick through all my 24 pair if I cant instantly see something I want to enter then for me its not worth my time, If it does stand out I then check RSI, forex basics etc, but I'll make a decision within 10-15 seconds.
  • #9,959
  • Aug 15, 2011 5:21am Aug 15, 2011 5:21am
Quoting Milton
Dean and 33drifter. Lesson learned: gbpusd short -100 pips (I entered with 2 lots, that is 2 x-50 pips).
Don't beat yourself up too much, I had a losing trade here too ... although only out 18 pips, and made it back on the rebound ...

1H GU is one of my troublesome pairs ... I think what I'm learning is ignore the London open candle, because it often takes off in one direction, only to reverse.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #9,960
  • Aug 15, 2011 5:23am Aug 15, 2011 5:23am
Good for u, im still in it though, but keeping the "close" button close to my trigger finger -35 pips now...... GU is -22 on the 1H

Quoting Nizdraw
The only candles I trade on are 4gmt 8gmt and sometimes 12.00gmt, With my broker feed the 4gmt (the first I look at everyday) candle was the 3rd blue candle. Also the 00h and 4h candles have alot of upper wick something I don't realy like, but regardless I'll only take the 3rd candle if the first was a tiny squat candle or something like that, Its hard to explain but I spend tons of hours on a simulator so get a feel of the price action set ups I like to see, and there are a few 1st blue candles that I will discount.

With everyone having their...
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