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Trading Made Simple

  • #11,381
  • Edited 4:12am Sep 12, 2011 1:22am | Edited 4:12am
Quoting fufighter
2 new orders. Hope they go well.

A/U , U/C has a nice bounce off but since TDI < 32 and > 68 so i didnt get in
Closed2 orders G/A : +52 , A/J : +74

New order U/J
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eg.JPG Size: 73 KB
Click to Enlarge Name: eu.JPG Size: 68 KB
Click to Enlarge Name: gc.JPG Size: 77 KB
  • #11,382
  • Sep 12, 2011 2:28am Sep 12, 2011 2:28am
Quoting fufighter
Closed2 orders G/A : +52 , A/J : +74

New order U/J
Nice start to the week Fufighter. I guess I'm stil not getting up early enough. I'm from the UK, got up at 7:40 (6:40 gmt). Seems I missed on a few good ones.

So what time are you starting from?

---------
I'm waiting for E/U to possibly go long. Currently long E/A.
  • #11,383
  • Sep 12, 2011 3:10am Sep 12, 2011 3:10am
Quoting twenty155
Nice start to the week Fufighter. I guess I'm stil not getting up early enough. I'm from the UK, got up at 7:40 (6:40 gmt). Seems I missed on a few good ones.

So what time are you starting from?

---------
I'm waiting for E/U to possibly go long. Currently long E/A.
I start the same time Big E suggest, sometime 4 hours earlier before London Market Open if i see there're a nice entry there.

Last week got loss more than profit. Hope this week im getting better of this method
  • #11,384
  • Sep 12, 2011 5:49am Sep 12, 2011 5:49am
Currently up 50 odd pips on this trade, everything else is looking pretty over bought or sold at the moment.
Attached Image (click to enlarge)
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  • #11,385
  • Edited 6:19am Sep 12, 2011 5:59am | Edited 6:19am
eu h1 set up for long but against trend, what is the rite decision? or is it better to wait for short entry to go with trnd?
Attached Image (click to enlarge)
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  • #11,386
  • Sep 12, 2011 6:19am Sep 12, 2011 6:19am
Quoting alkenany
eu h1 set up for long but against trend, what is the rite decision? or is better to wait for short entry to go with trnd?
I had the same thoughts about this. I dont like going against the trend but when I do I look to exit early. In this case I took it as a 30min long trade (E/U) when the green crossed the 50 line, this is a strong sign of momentum. The 1hr & 4 hr confirmed this as a viable BIG E trade. Exited at the nearest 1st and second point of support, shown here by the bollinger bands, but they aren't needed, the nearest support is quite clear.

I actually exited 3 times, splitting my position to play it safe and moved to BE, last one got stopped out at + 4.

+36, +48, +4
Attached Image (click to enlarge)
Click to Enlarge Name: Sept12th_EurUsd_30min_Long.jpg Size: 181 KB
  • #11,387
  • Sep 12, 2011 6:24am Sep 12, 2011 6:24am
lol, it looks like its on its way back up. Maybe i should have left my last lot with a stop loss just below candle, would have been more profitable now : (

So many lessons to learn, so little time.
  • #11,388
  • Sep 12, 2011 6:42am Sep 12, 2011 6:42am
Quoting alkenany
eu h1 set up for long but against trend, what is the rite decision? or is it better to wait for short entry to go with trnd?
1. Predefine your risk. Know how much you will risk in each trade.

2. Cut your losses. Get out at your Stop Loss, regardless of what you "feel" is about to happen in the markets.

3. Take profits. Once you have reached your Profit Target, lift your stop to Break Even and scale out of the trade.



FUNDAMENTAL TRUTHS of TRADING

- Anything can happen.

- You don't need to know what is going to happen next in order to make money.

- There is a random distribution between wins and losses for any given set of variables that define an edge.

- An edge is nothing more than an indication of a higher probability of one thing happening over another.

- Every moment is unique.

Thanks to "TRADING IN THE ZONE" by Mark Douglas
OPPORTUNITY IS NOWHERE
  • #11,389
  • Sep 12, 2011 7:34am Sep 12, 2011 7:34am
Quoting sachigi
I don´t have it in my files.
I meet the same problem,I want analysis Fractals,but I can't find Fractals.mq4 or Fractals.ex4 in my MT4 folder.

By the way,did you find the source now?
  • #11,390
  • Sep 12, 2011 7:50am Sep 12, 2011 7:50am
Close all orders now, net + 120 pips today. Get stop loss on GBP/CAD -40 pips, turn out it's head fake.

At the entry time, the chart look like the 1st picture, TDI cross down 68 line + Stoc confirm. And second picture is 4 hours later.

I understand that there's no 100% way to trade correctly, however if anyone know how to look for head fake or any tactic to suggestion me, i'd be extremely appreciated.

Thanks!
Attached Image(s) (click to enlarge)
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  • #11,391
  • Sep 12, 2011 8:06am Sep 12, 2011 8:06am
I'm now long in EURUSD, EURJPY & EURGBP. Short on USDCHF all in H4 TF...
Looking good..1st candle entry
  • #11,392
  • Sep 12, 2011 8:08am Sep 12, 2011 8:08am
[quote=fufighter;4947422]Close all orders now, net + 120 pips today. Get stop loss on GBP/CAD -40 pips, turn out it's head fake.

At the entry time, the chart look like the 1st picture, TDI cross down 68 line + Stoc confirm. And second picture is 4 hours later.

I understand that there's no 100% way to trade correctly, however if anyone know how to look for head fake or any tactic to suggestion me, i'd be extremely appreciated.

The HA candles have small bodies with wicks on both ends, meaning weak bearish candles. Strong bearish candles have no upper wicks and are medium to long. Generally the candles at that time all hand long wicks suggesting a consolidating area which is best avoided.

Trend Intensity Bullish Trend (Price rising)

Normal Bullish candle bodies.

Strong Bullish long candle bodies
without lower wicks.

Weak Bullish shorter candle bodies
without lower wicks.

Consolidation Series of small bodies
with upper and lower wicks.



Trend Intensity Bearish Trend (Price falling)

Normal Bearish candle bodies.

Strong Bearish long candle bodies
without upper wicks.

Weak Bearish shorter candle bodies
without upper wicks.

Consolidation Series of small bodies
with upper and lower wicks.


  • #11,393
  • Sep 12, 2011 8:24am Sep 12, 2011 8:24am
Quoting Android38
I'm now long in EURUSD, EURJPY & EURGBP. Short on USDCHF all in H4 TF...
Looking good..1st candle entry

Braver than me mate, I'm waiting for a good short in anything Eur related

Short Euro and remaining that way. That's just the way it is !
  • #11,394
  • Sep 12, 2011 8:28am Sep 12, 2011 8:28am
Same here.


Quoting NZ Chris
Braver than me mate, I'm waiting for a good short in anything Eur related

  • #11,395
  • Sep 12, 2011 8:33am Sep 12, 2011 8:33am
Quoting NZ Chris
Braver than me mate, I'm waiting for a good short in anything Eur related

Something to listen to while you are waiting =>

Title: Learning to Deal with Uncertainty – The Bottom Line of Trading

http://www.traderkingdom.com/trading...ine-of-trading
OPPORTUNITY IS NOWHERE
  • #11,396
  • Sep 12, 2011 8:36am Sep 12, 2011 8:36am
Quoting Callisto
Something to listen to while you are waiting =>

Title: Learning to Deal with Uncertainty – The Bottom Line of Trading

http://www.traderkingdom.com/trading...ine-of-trading
Thanks very much, I will have a listen.
Short Euro and remaining that way. That's just the way it is !
  • #11,397
  • Sep 12, 2011 9:40am Sep 12, 2011 9:40am
Quoting NZ Chris
Braver than me mate, I'm waiting for a good short in anything Eur related

Got bored with waiting, entered E/U from the 5 min chart short after double top, confirmed now on 15 min. Stops to B/E and up +25 pips at present.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15 min.gif Size: 18 KB
Short Euro and remaining that way. That's just the way it is !
  • #11,398
  • Sep 12, 2011 9:43am Sep 12, 2011 9:43am
gee, waited for the Close beyond the 5 EMA, then it turns quickly, happened on EUR-USD & USD-CHF, others also, right on the hour
could continue later
Attached Image (click to enlarge)
Click to Enlarge Name: cad_sell.gif Size: 23 KB
OPPORTUNITY IS NOWHERE
  • #11,399
  • Sep 12, 2011 10:08am Sep 12, 2011 10:08am
Quoting Callisto
gee, waited for the Close beyond the 5 EMA, then it turns quickly, happened on EUR-USD & USD-CHF, others also, right on the hour
could continue later
Where is your SL on this trade?

Graham
  • #11,400
  • Sep 12, 2011 10:59am Sep 12, 2011 10:59am
Quoting ghepburn
Where is your SL on this trade?

Graham
The purple line is a line I put at the Close of that 4 H candle, not entered a trade BUT if I was going to now, I would place it (STOP) at the recent swing High and enter at the Low of current candle, or maybe drop to 1 H for a look

Difference is about 85 pips, adjust Position size accordingly; hope that answer your question
Attached Image (click to enlarge)
Click to Enlarge Name: cad_sell_1.gif Size: 25 KB
OPPORTUNITY IS NOWHERE
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