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  • #9,961
  • Aug 15, 2011 5:35am Aug 15, 2011 5:35am
USD/CHF may be due to crash a bit on both 1 and 4 hour charts. Maybe?
  • #9,962
  • Aug 15, 2011 5:42am Aug 15, 2011 5:42am
Quoting dean
USD/CHF may be due to crash a bit on both 1 and 4 hour charts. Maybe?
can b either. before u.s. session, there is still lot of room way up. have to wait n see.
  • #9,963
  • Aug 15, 2011 5:50am Aug 15, 2011 5:50am
Quoting fxrs
can b either. before u.s. session, there is still lot of room way up. have to wait n see.
yep, I just noticed that red candle on the hourly and the tdi angle looking good. First red candle we have seen on that pair for a while.
I am short on thEuro so I wont be touching it....one at a time for me.
  • #9,964
  • Aug 15, 2011 5:57am Aug 15, 2011 5:57am
Quoting dean
yep, I just noticed that red candle on the hourly and the tdi angle looking good. First red candle we have seen on that pair for a while.
I am short on thEuro so I wont be touching it....one at a time for me.
r u on demo or live trade?
  • #9,965
  • Edited 6:20am Aug 15, 2011 6:06am | Edited 6:20am
Good morning, guys, just turned on the computer and it seems most majors are nicely configured for trading today. These are the entrances I'm expecting today:

E/U, G/U, E/J, A/U, U/J, G/J: Wait for consistent LONG signal in H1. H4 TDI not overbought, daily TDI crossed up. Most are around sup/res right now, which is great.
U/C: Already SHORTED, stoploss 0.9905, primary target 0.9830.

EDIT: This opinion will be sustained only if actual conditions remain. They are not to be taken as trade indications.
  • #9,966
  • Aug 15, 2011 6:11am Aug 15, 2011 6:11am
Quoting dean
that sucks mate. never good to hear that.
No problem dean, it was in the demo account. I have learned my lesson. You know, I entered because the first red candle had so big momentum versus the small ranging candles before. But like antantnz and some other said, a breakout of a trading range can reverse against you.
  • #9,967
  • Aug 15, 2011 6:13am Aug 15, 2011 6:13am
Quoting fxrs
r u on demo or live trade?
live.....just exited with 3 pips due to massive pullback on last candle and tdi flattening...it may keep going down but I dont want to risk it.
Anybody consider that U/CHF short??
  • #9,968
  • Aug 15, 2011 6:17am Aug 15, 2011 6:17am
Quoting Milton
No problem dean, it was in the demo account. I have learned my lesson. You know, I entered because the first red candle had so big momentum versus the small ranging candles before. But like antantnz and some other said, a breakout of a trading range can reverse against you.
Yeah as someone else mentioned, you have to be really careful at the opening of the London session becasue the new candle may look strong after ranging all day but it is really just the volume entering the market and the ranging continues just with larger candles.
  • #9,969
  • Aug 15, 2011 6:35am Aug 15, 2011 6:35am
Quoting dean
live.....just exited with 3 pips due to massive pullback on last candle and tdi flattening...it may keep going down but I dont want to risk it.
Anybody consider that U/CHF short??
better dun till u see clearer sight. u.s. session is soon to open.
  • #9,970
  • Aug 15, 2011 6:41am Aug 15, 2011 6:41am
I will be watching the 4H USDCHF

Quoting dean
live.....just exited with 3 pips due to massive pullback on last candle and tdi flattening...it may keep going down but I dont want to risk it.
Anybody consider that U/CHF short??
  • #9,971
  • Aug 15, 2011 6:43am Aug 15, 2011 6:43am
Quoting dean
Anybody consider that U/CHF short??
Only with a clear 4hr signal. I'm flat today so far. A lot of money will be ploughed back into the market today by people trading fake moves. Gives everyone a chance to practice possibly the most important asset a trader can have though... patience.
  • #9,972
  • Aug 15, 2011 6:56am Aug 15, 2011 6:56am
Quoting DaveUK
Only with a clear 4hr signal. I'm flat today so far. A lot of money will be ploughed back into the market today by people trading fake moves. Gives everyone a chance to practice possibly the most important asset a trader can have though... patience.
well said Davo.....something I am still working on.
  • #9,973
  • Aug 15, 2011 6:56am Aug 15, 2011 6:56am
Hello all ! how are you my friends? how is your trades? Are you stil following this thread( BIG E) method? are you succesfull traders?

Many pips all

best regards irakli
  • #9,974
  • Aug 15, 2011 6:59am Aug 15, 2011 6:59am
Only thing I see is a possible NU 4H short. May be better to sit out for a while until things become more clear.
  • #9,975
  • Aug 15, 2011 7:03am Aug 15, 2011 7:03am
Quoting Fitness09
Only thing I see is a possible NU 4H short. May be better to sit out for a while until things become more clear.
Yep could be, it would have been good on the one hour chart.
  • #9,976
  • Aug 15, 2011 7:14am Aug 15, 2011 7:14am
Well.. I got in half way through the last four hour candle on Gbp/Usd.. and was at one point down -36... but now it's -4.2

TDI was bouncing off the red line.. so I jumped in.. ya, it was half way through the H4.. but I'm hoping that it will go at least 20 pips.. that would be nice. I would try to take more and lock in 10.. hopefully it won't stop me out.. and continue to 20.. that's all I target a day.. so I will be done at that point.. hopefully!



D
  • #9,977
  • Aug 15, 2011 7:18am Aug 15, 2011 7:18am
Quoting PipTheTrade
Well.. I got in half way through the last four hour candle on Gbp/Usd.. and was at one point down -36... but now it's -4.2

TDI was bouncing off the red line.. so I jumped in.. ya, it was half way through the H4.. but I'm hoping that it will go at least 20 pips.. that would be nice. I would try to take more and lock in 10.. hopefully it won't stop me out.. and continue to 20.. that's all I target a day.. so I will be done at that point.. hopefully!



D
Right so ideally if you are trading as per the system your stop loss would be below the last swing low which is over 200 pips away. And your profit target is 10 pips??
  • #9,978
  • Aug 15, 2011 7:20am Aug 15, 2011 7:20am
Quoting Fitness09
Only thing I see is a possible NU 4H short. May be better to sit out for a while until things become more clear.
Have just gone short NU @ 8294. Relatively high spread at 4 but I guess this is not as important on H4
Attached Image (click to enlarge)
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  • #9,979
  • Aug 15, 2011 7:22am Aug 15, 2011 7:22am
Quoting dean
Right so ideally if you are trading as per the system your stop loss would be below the last swing low which is over 200 pips away. And your profit target is 10 pips??
No.. I had my stop at the low of the last H4 candle.. and I try to get 20 pips a day.. but as I said.. if it keeps going further I will lock in 10 and hopefully get more than 20.. will set a trailing stop at that point of 10 pips and hopefully get more.. we'll see! Back up to -2.2.. come on G/U....
  • #9,980
  • Aug 15, 2011 7:24am Aug 15, 2011 7:24am
Quiet day here as well, although I use my own TDI spin-off.

Only 4 trades today, normally around ~8.
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