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Trading Made Simple

  • #13,181
  • Nov 2, 2011 11:27am Nov 2, 2011 11:27am
Hey guys,
Been sitting on the sidelines a bit lately. Working on patience and discipline. So not many trades.
I have been waiting for the past couple days for the e/u to turn back into downtrend and therefore being extra careful, not to take longs unless it screaming at me. Hopefully the wait will be well worth it and I will be able to ride the downtrend for a nice profit.
But what the hell do I know? Maybe it will rally..
Still - I keep repeating to myself the wise saying:
"It's better to be out of the market wishing you were in, than to be in - wishing you were out"
Anyways I'm short GU on H1 but will watch it for H4 to line up so I can let it run.
If it is supported around the 5960 level Ill take off half with and tighten stop.
Hope I got this one right..
Attached Image (click to enlarge)
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  • #13,182
  • Nov 2, 2011 12:06pm Nov 2, 2011 12:06pm
live trading

sell eurusd [email protected] sl : 1.38520 tp: free

Attached Image (click to enlarge)
Click to Enlarge Name: 17 sell eurusd.gif Size: 46 KB
  • #13,183
  • Nov 2, 2011 12:19pm Nov 2, 2011 12:19pm
Quoting amiralifx
live trading

sell eurusd [email protected] sl : 1.38520 tp: free

Attachment
shorted EU, too!
  • #13,184
  • Nov 2, 2011 12:36pm Nov 2, 2011 12:36pm
Quoting weeman415
Anyone go short in on short AUD/USD and EUR/USD and long on USD/CHF last night? I saw the signals on the 12:00am (EST) 4hr bar and woke up at 8:30 to ~+200 pips. I wish I could post the charts but I am at my day job. Does anyone know how to replicate the TDI on an online chart? I would love to be able to look for signals at work but can not download programs and am limited to online based charts.
A way to get what you want would be a cell phone with MT4 loaded and then the answer is obvious. Or, bring your computer to work and on you breaks or lunchbread, look at that time at the local hotspot. Personally I am lucky enough to have a job that allows me all the time in the world to check out my charts as I work alone on london session most trading days.

I don't know if anybody else is interested, but I have been teaching my wife to trade. I read that many japanese people did this and often, the wives brought in more cash than the husbands (Always wanted a sugar momma!) In fact I have even taught other people to trade and started a cooperative account on zulutrade so that we could "split trading shifts." I also bring this up as it does apply to TMS as well. As I work a night shift with the four hour charts. My wife works the day shift as she has time on the hourly charts with an automated tool for exits. Even if you didn't trust your wife with trading... You could teach a sharp friend and form a coop as described above and not even worry about working forex on the day shift. I would even encourage this for other traders as this gives them an outlet for our common addiction (forex) and thus not drive our wives insane. In fact These clubs should start by saying the following: "Hello. My name is (so and so) and I am a recovering forex trader. I have it within' me to do serious financial damage to my accounts." heh-heh. Not my quote, kudos to the one that made it. Hope this helps man.
"IN CASH WE TRUST"
  • #13,185
  • Nov 2, 2011 12:43pm Nov 2, 2011 12:43pm
After two small losses this morning on the EU 15m, took one last short for the day which hit limit, making the day profitable. Wasn't a pretty entry, but TDI and Stoch both turned down and there was a double top on the 15m, making it suitable for a 1:2 Risk to Reward entry, in this case -25 / +50.
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  • #13,186
  • Nov 2, 2011 1:25pm Nov 2, 2011 1:25pm
Quoting LazyLobster
A way to get what you want would be a cell phone with MT4 loaded and then the answer is obvious. Or, bring your computer to work and on you breaks or lunchbread, look at that time at the local hotspot. Personally I am lucky enough to have a job that allows me all the time in the world to check out my charts as I work alone on london session most trading days.

I don't know if anybody else is interested, but I have been teaching my wife to trade. I read that many japanese people did this and often, the wives brought in more cash than the husbands...
Hello, my name is David - it's been 7 days since my last meeting and 6 hours since my last trade - my 4x trading problem began several years ago and I've been addicted to it ever since. I am a 4x addict.

Welcome to 4x anonymous - good to have you on board - hopefully we can get you through the 4x 12 steps - feel free to bring along a friend for support
"To live with Passion, it takes Courage and Grace to survive"
  • #13,187
  • Nov 2, 2011 1:48pm Nov 2, 2011 1:48pm
Quoting LazyLobster
A way to get what you want would be a cell phone with MT4 loaded and then the answer is obvious. Or, bring your computer to work and on you breaks or lunchbread, look at that time at the local hotspot. Personally I am lucky enough to have a job that allows me all the time in the world to check out my charts as I work alone on london session most trading days.

I don't know if anybody else is interested, but I have been teaching my wife to trade. I read that many japanese people did this and often, the wives brought in more cash than the husbands...

I dont think its poosible to get mt4 on my phone, but i never thought of bringin the laptop. I can run to the starbucks and check the 4h twice a day...Id really like to run out every hour and check the 1h charts too . Thanks for the idea
  • #13,188
  • Nov 2, 2011 2:24pm Nov 2, 2011 2:24pm
Quoting MichaelSimon
Hey guys,
...Anyways I'm short GU on H1 but will watch it for H4 to line up so I can let it run...
Attachment
Stalled around the 5960 and H1 TDI hooked up so I closed it as had to go out and couldn't watch it.
Better 19 pips than let it become a loser.
  • #13,189
  • Nov 2, 2011 2:50pm Nov 2, 2011 2:50pm
One of my brokers is IBFX and I use Forex on the Go... they have a great iPhone app for MT4 and it is free to use with 4-5 different brokers, including IBFX.

Been great for me.....

Still getting into the TDI trading....

Wayne


Quoting weeman415
I dont think its poosible to get mt4 on my phone, but i never thought of bringin the laptop. I can run to the starbucks and check the 4h twice a day...Id really like to run out every hour and check the 1h charts too . Thanks for the idea
  • #13,190
  • Nov 2, 2011 3:48pm Nov 2, 2011 3:48pm
Quoting mavricos
Hello everybody !!!

I am trading this system in lilbit different way. I am waiting when H1 tdi cross will be crossed in the same direction as tdi H4 and tdi D1. I show on the chart my entry. It is gives me a good results, i am not sure if i am correct about trading in this way. I would appreciate for your opinion
Hi,

I also try to trade this way (H1 cross confirmed by H4 direction - though i do not wait for D1)

thing is these setups are very few and I need to stare at the charts very often. How often do you spot a setup with h1 cross and h4 + d1 simultaneous confirmation?
  • #13,191
  • Nov 2, 2011 5:49pm Nov 2, 2011 5:49pm
Quoting Nacho
Hi,

I also try to trade this way (H1 cross confirmed by H4 direction - though i do not wait for D1)

thing is these setups are very few and I need to stare at the charts very often. How often do you spot a setup with h1 cross and h4 + d1 simultaneous confirmation?
I thinking you are right.
  • #13,192
  • Nov 2, 2011 7:57pm Nov 2, 2011 7:57pm
Quoting webicknell
One of my brokers is IBFX and I use Forex on the Go... they have a great iPhone app for MT4 and it is free to use with 4-5 different brokers, including IBFX.

Been great for me.....

Still getting into the TDI trading....

Wayne
So, how does IBFX work through Forex on the go? I am using IBFX and they tell me it will be while before they offer an app. for the Iphone.
  • #13,193
  • Nov 2, 2011 8:04pm Nov 2, 2011 8:04pm
Quoting amiralifx
live trading

sell eurusd [email protected] sl : 1.38520 tp: free

Attachment
exit with +40 pips
  • #13,194
  • Nov 2, 2011 9:07pm Nov 2, 2011 9:07pm
Quoting Britpip7

I always saw posts from the 100 / 200 / 300 club and could never crack it

Now I have proven to myself that it can be done and done on a regular basis.

This month I have 4 trades above 140 pips - 2 of these are 200 pips +

Congrats !! Now think of taking it to the next level.

I am not an expert by any means, however, may I suggest to take a mental note what would have been the outcome if you close partial positions on major S&R and adding more once such S&R got cleared. Just to add another perspective from how you are currently managing your trades.

I attached GBPAUD to illustrate how I manage when I am on the right side of the market. The initital position which was opened @ 1.5020 never got closed completely, though I partially closed @ 1.5135 and add further positions @ 1.5234. Once again I partially closed @ 1.5436 and further add @ 1.5520. In essence, the original position of 1.5020 is now over 500 pips and still running. Now due to any reason, if price retrace completely and hit my SL I will still end up in green no matter what.

I learnt the hard way that if a trader let the profits runs - he will be in green despite of meagre win rate.
Attached Image (click to enlarge)
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Forex is boring but profitable with patience and discipline
  • #13,195
  • Nov 2, 2011 9:44pm Nov 2, 2011 9:44pm
great trade on G/A

i too was in that trade and made 300+ pips, closed at 1.5470 as there was rejection at these levels on H4.
  • #13,196
  • Nov 2, 2011 11:38pm Nov 2, 2011 11:38pm
Quoting prftablefool
Congrats !! Now think of taking it to the next level.

I am not an expert by any means, however, may I suggest to take a mental note what would have been the outcome if you close partial positions on major S&R and adding more once such S&R got cleared. Just to add another perspective from how you are currently managing your trades.

I attached GBPAUD to illustrate how I manage when I am on the right side of the market. The initital position which was opened @ 1.5020 never got closed completely, though I partially closed @ 1.5135 and add further...
Nicely done - I am in complete agreement with regards to adding in to trades and as usual it will be a matter of time and opportunity on future positions - as I stated in my post "I am looking to develop longer term trades and use the Fractals for addons"

Currently I am running with the 2 positions per entry and setting the TP1/2 according to range of movements and S/R levels.

As the Fractals are essentially mini S/R levels, when these are broken after the trend runs take a breather, then these are great points to strngthen the position/holding.
"To live with Passion, it takes Courage and Grace to survive"
  • #13,197
  • Nov 3, 2011 1:18am Nov 3, 2011 1:18am
live trading

buy eurusd h1

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  • #13,198
  • Nov 3, 2011 1:54am Nov 3, 2011 1:54am
Closed that already, - 10, now short.
Right at the century, short better play.
  • #13,199
  • Nov 3, 2011 2:11am Nov 3, 2011 2:11am
Quoting geosanuy
Closed that already, - 10, now short.
Right at the century, short better play.
Oops! +27... SL to BE +4
  • #13,200
  • Nov 3, 2011 4:09am Nov 3, 2011 4:09am
live trading

buy eurusd h1

Attached Image (click to enlarge)
Click to Enlarge Name: 19-buy eurusd h1live trading.gif Size: 48 KB
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