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Trading Made Simple

  • #11,721
  • Sep 20, 2011 10:11am Sep 20, 2011 10:11am
Here's another one that didn't make it. The AUD/USD looked like a good short entry late this morning on the Hourly. But the thing just plain reversed, no two ways about it. This is where risk-to-reward ratios help.
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  • #11,722
  • Sep 20, 2011 10:22am Sep 20, 2011 10:22am
Quoting FXSurf
Several nice moves on the Hourly on the London session. Jumped in on this EUR/USD right at 3am (EST) and hit target before next candle! The AUD/USD was similar. +110 very fast pips. Rock and Roll.

Thanks Pipiness for posting that request from Big-E. I think about that often when things get pushy. In my opinion, just an unnessacary distraction to our common goal. Pips!
Nice trading. It was counter trend for my perspective though, so I passed those in the morning, but earned 30 on EU and 28 on AU , so I am satisfied, since my goal is 30 pips/day.
  • #11,723
  • Sep 20, 2011 10:41am Sep 20, 2011 10:41am
new order, E/A.
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  • #11,724
  • Sep 20, 2011 10:46am Sep 20, 2011 10:46am
Quoting tayclabay
Hi Fufighter,I noticed that you closed your A/U and A/J trades with a profit. What compelled you to close them when you did. Did you notice something going on in your charts because it looks like the TDI and stochs were still in good shape. Not trying to be critical, just trying to learn from the experienced traders
Lol, i'm still learning myself. Not experienced yet.

Btw, the closed trade is just dump-luck. I got something to do so i didnt let it go.
  • #11,725
  • Sep 20, 2011 11:09am Sep 20, 2011 11:09am
hi folks,

just want to introduce myself a little bit, I found this thread "by accident".

IŽd call myself an intermediate forex trader with some experience (most in price action).

I read through the PDF, nevertheless I am a little bit confused. There are different methods of how to enter (focusing on further indicators) for confirmation.

As I "got" it, entries and exits depend on TDI, nothing more, nothing less. StoppLoss should be put on previous swing high or low or a fixed size can be used.

Especially at Callisto: could you please answer me, which further indicators you do use for entries and if you exit with TDI or using price action for exits? (higher highs, higher lows for upward movement and the otherway around for downward movement)

I appreciate your answer(s)!

-smash85
  • #11,726
  • Sep 20, 2011 11:12am Sep 20, 2011 11:12am
Quoting 239 Pips
can any 1 tell me exact time difference bw GMT and the one mentioned by big E...
If anyone can, the internet can, try -

http://www.timeanddate.com/

Big E never mentioned Daylight Saving Time, something you will have to work out for yourself, but as you are UK, hopefully you know when the markets open, because basically this is a London Open Breakout system.

Brokers websites will tell you their server times, or download demos, run 4 Hour charts, apply a Candle Clock and see when they rollover.

Or if your particular broker doesn't roll at the right hour, search for a utility called PeriodCon by P4L (pips4life) in the Platform Tech section, which will time shift your 4 hour charts for you.

This post approved by me, and hopefully pipiness
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It takes a lot for me to IGNORE you, but you can try.
  • #11,727
  • Sep 20, 2011 12:27pm Sep 20, 2011 12:27pm
E/U short.

Question: do you guys check the trend on larger TF like H4 if you trade H1 TF?

Regards

HankT

PS: where is Big E? Not active here anymore?
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  • #11,728
  • Sep 20, 2011 12:37pm Sep 20, 2011 12:37pm
I am in this trade, so every one else should leave!

cheers,

Geoff
  • #11,729
  • Sep 20, 2011 1:18pm Sep 20, 2011 1:18pm
Well ... seems up again, we're going into a ranging period I guess ...
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  • #11,730
  • Sep 20, 2011 1:21pm Sep 20, 2011 1:21pm
Hi

I have read the thread and i have one off many qestions. I know the thread starter and many with him likes to take short trades if there setups any from the 68 on the tdi and longs on the 32 if there are any setups. My question is the tdi is at 32 after a long downtrend or at 68 after a long up trend so taking a short from 68 tdi is against the trade that formed. i also find this from them that takes only longs under the 50 lines and only shorts over the 50 lines it is against the trend. Can someone please explain to me ?


best regards
  • #11,731
  • Sep 20, 2011 3:22pm Sep 20, 2011 3:22pm
eur/aud 1h up good trade ? I think not i say against the trade what do others think ?


best regards
  • #11,732
  • Sep 20, 2011 5:07pm Sep 20, 2011 5:07pm
Do you think now is a good time to trade? I know Big E likes to trade the London Breakout, but apart from that is trading at this time gmt 23:00 a bad idea to trade?
  • #11,733
  • Sep 20, 2011 5:27pm Sep 20, 2011 5:27pm
Quoting Wbm
Do you think now is a good time to trade? I know Big E likes to trade the London Breakout, but apart from that is trading at this time gmt 23:00 a bad idea to trade?

no bad time but apart from that ??


best regards
  • #11,734
  • Sep 20, 2011 5:33pm Sep 20, 2011 5:33pm
Are you saying there is no bad time to trade? The reason I ask is because I'm trying to take as many trades as I can with valid entries so I can learn from them but when I take a trade after London closes if it's more likely to not go anywhere then what's the point.

quote=jgadefelth;4971207]no bad time but apart from that ??


best regards[/quote]
  • #11,735
  • Sep 20, 2011 6:12pm Sep 20, 2011 6:12pm
well im not sure but asian session is lowest volume best is london and beginning of usa. Im trying to learn this system my self.


best regards
  • #11,736
  • Sep 20, 2011 6:40pm Sep 20, 2011 6:40pm
September 19 - Big E's Birthday.

Big E, Happy Birthday to you! And thank you again for this wonderful system!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,737
  • Sep 20, 2011 7:14pm Sep 20, 2011 7:14pm
Quoting Wbm
Do you think now is a good time to trade? I know Big E likes to trade the London Breakout, but apart from that is trading at this time gmt 23:00 a bad idea to trade?
It's true that there is more volatility in the London.. but I have made some really good trades at this time.. and noon my time, which is in Alaska. I think if there is a good setup.. not necessarily using this system but PA (price action).... it tends to work most of the time. I think, if there is a good PA setup, at any time...it's worth a shot.

Personally, I find it harder to trade during the London for several reasons. 1) Most reports are released during this time period. 2) There tends to be a lot more talking heads spouting their crap. 3) It's after midnight here.. and that sucks! lol
  • #11,738
  • Sep 20, 2011 9:29pm Sep 20, 2011 9:29pm
Quoting dean
Lot of talk about trading psychology. BigE I am sure gets extrremely frustrated when he reads this thread. WHy......because he spent two years perfecting, honing and ultimately simplifying it so it is easy to trade and easy to teach.
The problem is.....you simply can not teach others a mechanical method when the interaction involves human nature and emotion.
Its a waste of time trying to emulate anyone in this game becaue your brain absorbs the information differently. So unfortunatley....although BigE and I am sure many others who have developed...
I think this can be summed up as: discretionary systems that lack mechanical rules for critical parts of the system (entry, exit) are difficult (impossible?) to teach.

If entry rule is: when A > B and A +C < D and... etc. then Enter Long.

There's no problem with teaching. Everyone with minimum level of intelligence will enter at almost exactly the same price. No psychology involved there. Let's be real.

If entry rule is: when A > B and C / D > 0.24 and I think euro is bullish and it looks good on larger time frames and the move is strong and I see a few bullish patterns and it's not raining today then I may or may not enter depending on what I ate for breakfast and if my kitten is in good mood today.

^ I agree, that's hard to teach and everyone will enter at different points and have completely different results.

It seems 90% of traders here are highly discretionary as are the methods shared. Most of the methods I read have mechanical rules for entry but for exit say something like: "you can exit any way you want". That's a method? Or an edge?
  • #11,739
  • Sep 20, 2011 9:31pm Sep 20, 2011 9:31pm
I'm looking to try some daily trades using this system. Just wondering if anyone could give me some tips or advice they have had using this system to trade the daily time frame.

At the present time I can't really see many setups for the daily tf. The only potential trade might be the AUD/NZD or EUR/CAD but it probably goes against the rules. For the AUD/NZ trade TDI cross hasn't been confirmed yet but stochs are low trending up and TDI is relatively low. The long wicks show buying pressure and it is bouncing off the weekly pivot.

Finally, I was wondering do people use the four hour time frame to refine their entries on the daily? or do you simply just enter at the beginning of the new candle?
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  • #11,740
  • Sep 21, 2011 2:15am Sep 21, 2011 2:15am
last post 4 hours ago? Europe open, London open, GBP going down, TDI crossed, the news in an hour must be BAD, somebody knows already...

Disclaimer: Baised opinion because holding short from 1.62113
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OPPORTUNITY IS NOWHERE
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