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Trading Made Simple

  • #10,061
  • Aug 15, 2011 9:25pm Aug 15, 2011 9:25pm
I just want to say that I appreciate everyone that is putting in time answering questions and helping. That's why I'm here, to try to help people and also get some more knowledge myself to help my own trading.

However, I will ignore any post by someone that is using name calling or being degrading in their posts... ie.. picking apart something you said just to make that other person look bad.

If you have a legitimate question about something that you don't understand and or you need some clarification on.. by all means.. ask away.. but to say stuff like.. that was a stupid thing to type.. why did you do that.. will be ignored.. and if I had the power.. you would be kicked from the thread.. assure you that if I did.. you would. No warning nothing.. you would be gone. Life's too short and trading is hard enough without people being complete jerks.

Enough said.

Happy pip'n


Donovan
  • #10,062
  • Aug 15, 2011 9:43pm Aug 15, 2011 9:43pm
i was demo trading the last 10 days with this system on 1 hr charts during london session. the results were impresive. going live with mini lots soon.

Happy trading
  • #10,063
  • Aug 15, 2011 9:52pm Aug 15, 2011 9:52pm
Quoting 4xforex
i was demo trading the last 10 days with this system on 1 hr charts during london session. the results were impresive. going live with mini lots soon.

Happy trading
Do you mind sharing a little bit about your results. Losses vs winners etc
  • #10,064
  • Aug 15, 2011 9:55pm Aug 15, 2011 9:55pm
Quoting mannai70
Do you mind sharing a little bit about your results. Losses vs winners etc
sure , will post it in the afternoon
  • #10,065
  • Aug 15, 2011 10:22pm Aug 15, 2011 10:22pm
Does anyone use the 4H signals only? I would like to trade longer TFs to reduce m time in front of the chart. Any input would be greatly appreciated...

FS
  • #10,066
  • Aug 15, 2011 10:24pm Aug 15, 2011 10:24pm
Quoting mannai70
Do you mind sharing a little bit about your results. Losses vs winners etc
You will just have to try it. It works!

FS
  • #10,067
  • Aug 15, 2011 10:28pm Aug 15, 2011 10:28pm
Quoting ForexSam
You will just have to try it. It works!

FS
I know it works because I've been following for the last few months but I'm always just curious of others results and what recommendations they could give me. I'm focusing on the 4hr
  • #10,068
  • Aug 15, 2011 10:58pm Aug 15, 2011 10:58pm
Quoting ForexSam
Does anyone use the 4H signals only? I would like to trade longer TFs to reduce m time in front of the chart. Any input would be greatly appreciated...

FS
I only trade H4, ill take any cross during asain open through to NY close, although most of the action happens during london session.

Ill take the occassional D1 as well
  • #10,069
  • Aug 16, 2011 12:48am Aug 16, 2011 12:48am
I find this entry on nzdusd, i must attend the london session or i can enter now?

Attached Image (click to enlarge)
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  • #10,070
  • Aug 16, 2011 1:04am Aug 16, 2011 1:04am
Well.. I got in about 4 hours ago and now am at 19.5 pips with a 10 pip trailing stop..

I did not enter the trade based on this method however, I entered based on PA alone. Based on a reversal pattern which I believed would continue.

The most I was ever NOT in profit was -6 pips.

As I am typing this it's gone 23 pips... looking good.


Donovan
  • #10,071
  • Aug 16, 2011 1:11am Aug 16, 2011 1:11am
Quoting PipTheTrade
Well.. I got in about 4 hours ago and now am at 19.5 pips with a 10 pip trailing stop..

I did not enter the trade based on this method however, I entered based on PA alone. Based on a reversal pattern which I believed would continue.

The most I was ever NOT in profit was -6 pips.

As I am typing this it's gone 23 pips... looking good.


Donovan
Looks like eur/usd is also tracking south - I did enter on M15 but the H4 is now moving
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 8-15 h4.gif Size: 30 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #10,072
  • Aug 16, 2011 1:12am Aug 16, 2011 1:12am
Ok.. it's going along quite nicely... my SL is coming down with the trade and I've now locked in about 22. something pips thus far.. btw... TDI has now turned into a cross on my charts.. so, going to let it ride and try to monitor it and get out once TDI has gone flat.

Stochs looks good as well.. coming down out of the 80's.. and TDI crossed a little below the 68 region. We'll see what happens next!
  • #10,073
  • Aug 16, 2011 1:13am Aug 16, 2011 1:13am
I've just shorted the GBP/USD based on the rules on the GBP/USD 4 hours chart. As I'm new to this method any feedback greatly appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd4h160811.gif Size: 24 KB
  • #10,074
  • Aug 16, 2011 1:14am Aug 16, 2011 1:14am
Quoting Britpip7
Looks like eur/usd is also tracking south - I did enter on M15 but the H4 is now moving

I was actually torn between the two.. both showed signs of reversing per PA...but I choose Gbp/Usd to enter.. it seemed like a better trend with less obstacles in the way! Just my thoughts!


Donovan
  • #10,075
  • Aug 16, 2011 1:25am Aug 16, 2011 1:25am
Quoting vicpips
I've just shorted the GBP/USD based on the rules on the GBP/USD 4 hours chart. As I'm new to this method any feedback greatly appreciated
I think that to trade gbpusd you must attend london session, before there is too much false signals. (i'm a newbee)
  • #10,076
  • Aug 16, 2011 1:31am Aug 16, 2011 1:31am
Quoting PipTheTrade
I was actually torn between the two.. both showed signs of reversing per PA...but I choose Gbp/Usd to enter.. it seemed like a better trend with less obstacles in the way! Just my thoughts!


Donovan
Welp.. was knocked out at 27.7 pips.. since my goal is 20 pips a day... I think I am done for the night.. not to mention it's 10:26pm here and I was up way late last night trying to make pips as well. I could get in again and try it on this method and see if it works.. but I would rather keep the pips that I have now and call it good!

Donovan
  • #10,077
  • Aug 16, 2011 1:33am Aug 16, 2011 1:33am
Quoting PipTheTrade
I was actually torn between the two.. both showed signs of reversing per PA...but I choose Gbp/Usd to enter.. it seemed like a better trend with less obstacles in the way! Just my thoughts!


Donovan
Both would work right now - SL moved to B/E (not following the rules on this but wary of the developing euro news)

Need to trust the force more and not futz with tades when they are running!

Good pipping on the G/U
"To live with Passion, it takes Courage and Grace to survive"
  • #10,078
  • Aug 16, 2011 1:41am Aug 16, 2011 1:41am
Quoting fxrs
it is the difference between the entry and the exit. r u a novice in fx?
I didnt write the novice comment that was someone else.
I asked what your stop loss was because you are only hunting for 10-20 pips but trading the 4 hour chart. Irrelevant of your lot size, the problem is you have a 40 pip stop loss on a TP of 20....risking 10,000 bucks to make 5,000 (or whatever lot size you may be using)...not good, but that just my opinion.
  • #10,079
  • Aug 16, 2011 1:44am Aug 16, 2011 1:44am
Quoting 33drifter
I only trade H4, ill take any cross during asain open through to NY close, although most of the action happens during london session.

Ill take the occassional D1 as well
Really drift??? you dont trade the hourly chart at all??
  • #10,080
  • Aug 16, 2011 3:35am Aug 16, 2011 3:35am
In for a EurUSD Short
Signal - 4hr TDI cross down candle #2, 1hr TDI also in agreement cross down
Entry 1 std lot - 5m TDI cross 1.43856 (waited for Stoch overbot and TDI cross down to time entry)
TP1 - 15 pips (met already as I type this)
TP2 - 45 pips
TP3 - 75 pips
Stop - 20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 133 KB
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