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Trading Made Simple

  • #12,921
  • Oct 25, 2011 1:21am Oct 25, 2011 1:21am
for posterity 2, what goes up must come down, right?
Attached Image (click to enlarge)
Click to Enlarge Name: sell_eur_usd_07.gif Size: 56 KB
OPPORTUNITY IS NOWHERE
  • #12,922
  • Oct 25, 2011 3:10am Oct 25, 2011 3:10am
Looks like a valid setup to me?
Attached Image
We're all just one trade away from humility.
  • #12,923
  • Oct 25, 2011 3:24am Oct 25, 2011 3:24am
Quoting Drewas
Looks like a valid setup to me?
I'll wait for the next H4 candle to confirm
  • #12,924
  • Oct 25, 2011 3:27am Oct 25, 2011 3:27am
I checked with historical data .... you first tested on historical data, then apply to trade
  • #12,925
  • Oct 25, 2011 3:28am Oct 25, 2011 3:28am
Quoting Drewas
Looks like a valid setup to me?
It went down by 10+ pips. TDI going to repaint if it drops further.

This is the reason what i meant by being whipped out several times if the general longer term trend is wrong. Would appreciate any help here.

thanks.
  • #12,926
  • Edited 3:53am Oct 25, 2011 3:34am | Edited 3:53am
Quoting Dud45
Might be worth posting up what rules you are working to. Especially your exit strategy. Are you waiting for hooking of the TDI before getting out or setting particular stop losses that are being hit? Better yet do some trades and post up the losers. I'm sure a few of the guys will be able to point out where the issue is.
I tried exiting when TDI starts hooking up. This caused several loses.
I also tried exiting when TDI goes flat. This is neutral in winning.

I have seen TDI repainting before from 2 oclock to slightly flat on 5min to 4h time frames and its scary. This will followed by a flat or bad TDI position which needs me to cut loss.

On my chart, TDI has repainted sligtly from a strong 2 oclock to slightly hooked due to the candle turning red (Drewas 1 h entry).
  • #12,927
  • Oct 25, 2011 3:37am Oct 25, 2011 3:37am
Quoting Drewas
Looks like a valid setup to me?
I´m in, too. And this is a valid setup.
  • #12,928
  • Oct 25, 2011 4:16am Oct 25, 2011 4:16am
Quoting Drewas
Looks like a valid setup to me?
I dont believe that. because 1.3935 resistance zone. i didnt entered.
  • #12,929
  • Oct 25, 2011 4:24am Oct 25, 2011 4:24am
Quoting Drewas
Looks like a valid setup to me?
The price action was not in tact for me.
  • #12,930
  • Edited 4:37am Oct 25, 2011 4:27am | Edited 4:37am
Quoting amiralifx
I dont believe that. because 1.3935 resistance zone. i didnt entered.
Yeah was really why I aske the question.

Just exited with +11 when green TDI hooked (if you can call it a hook). Prematurely it seems
We're all just one trade away from humility.
  • #12,931
  • Oct 25, 2011 4:36am Oct 25, 2011 4:36am
Quoting Drewas
Yeah was really why I aske the question.

Just exited with +11 when green TDI hooked (if you can call it a hook).
general long term trend is still up. (Big E favours long term trend?)
Thus, if u go long the euro, more than likely ur safe.
  • #12,932
  • Oct 25, 2011 5:45am Oct 25, 2011 5:45am
Quoting Drewas
Yeah was really why I aske the question.

Just exited with +11 when green TDI hooked (if you can call it a hook). Prematurely it seems
I just exited with +25 pips, and will not trade EUR today any more.
Looking at structure of EU on 15 min, this "fishbone" will keep me out until they finally end the summit tomorrow
  • #12,933
  • Oct 25, 2011 8:09am Oct 25, 2011 8:09am
live trading

sell eurusd h1

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Click to Enlarge Name: 11- sell eurusd h1.gif Size: 53 KB
  • #12,934
  • Oct 25, 2011 8:10am Oct 25, 2011 8:10am
So missed the initial cross, but is it too late to enter now?

Second candle but would you wait for it to retrace?
Attached Image
We're all just one trade away from humility.
  • #12,935
  • Edited 8:48am Oct 25, 2011 8:15am | Edited 8:48am
Quoting amiralifx
live trading

sell eurusd h1

Attachment
I'm in this trade as well. The 50 sma showing support @ 1.3895, will it break it?

Sold @ 1.3886, covered @ 1.3851. +35
  • #12,936
  • Oct 25, 2011 8:21am Oct 25, 2011 8:21am
^^^

its already bouncing off trendline support within a definite up channel. Careful with counter trend trades especially when theres so much news atm too.

Maybe "easier" to play this market off the 15 m
  • #12,937
  • Oct 25, 2011 8:24am Oct 25, 2011 8:24am
Trend changing due to some negative news..,
  • #12,938
  • Oct 25, 2011 8:47am Oct 25, 2011 8:47am
Glad i waited would have taken out my stop had I not.
Attached Image
We're all just one trade away from humility.
  • #12,939
  • Oct 25, 2011 8:49am Oct 25, 2011 8:49am
Be careful of today trading due to high fluctuation..?
  • #12,940
  • Oct 25, 2011 9:41am Oct 25, 2011 9:41am
Out with 18 pips as green TDI hooks on EUR/USD
We're all just one trade away from humility.
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