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Trading Made Simple

  • #14,001
  • Dec 6, 2011 11:44pm Dec 6, 2011 11:44pm
Quoting shinoda
Hi All,

I just wonder, when i trade during sydney and tokyo times, it just seems that i lost almost all the trades looking for green cross red but somehow i still lost. But when i trade during london and new york session is the other way round! is there any explaination for this?
Yup - Volume, or rather lack of it!
"To live with Passion, it takes Courage and Grace to survive"
  • #14,002
  • Dec 7, 2011 1:08am Dec 7, 2011 1:08am
Quoting luckypips
@ bobby

how to joint the paltalk?
how to find yr address ?
pls advise.

lucky
Basically all you have to do is to sign up with palltalk, and then click this link and you will automatically be connected to the channel.

http://express.paltalk.com/index.html?gid=1429950431

I am in the channel from 7 - 21 GMT.
  • #14,003
  • Dec 7, 2011 2:49am Dec 7, 2011 2:49am
Quoting TehCount
I'm still having issues with the TDI indicator. My trade winning percentage is really low and I think I'm taking signals from the TDI at the wrong time. Here is an example from this morning. I took a signal on AUDNZD (H1). As you can see, this should have been a profitable trade since I got in on candle 2.

In reality, after taking this trade the TDI was drawn at the beginning of candle 3. Since candle 3 had not moved up yet, the TDI was flat. I followed the rules of the system and exited the trade. The TDI was redrawn at the end of the hour and...
Hi.

Looking at your chart, and thinking that you've entered at the beginning of the third candle, it looks like you already have some 20+pips. What are your expectations from a 1H chart on AudNzd? Phx62 showed us that a 50 pips on eurusd is a sensible target but the price doesnt always hits it. On AudNzd i think you should be a little more conservative.
BigE explained that as soon as he has some 15 pips + he comes to BE. That way it is hard to loose any money at all, even if some might think that you don't give the price enough room to breath. You know the saying "better safe than sorry"
  • #14,004
  • Dec 7, 2011 4:07am Dec 7, 2011 4:07am
shorted 3422 thnx Phx 62
Attached Image (click to enlarge)
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  • #14,005
  • Dec 7, 2011 4:09am Dec 7, 2011 4:09am
Hi,
I cant get the TMS V16 MTF EA which is posted by big E. Can anyone show me which post is it in? Your hlp is very appreciated.

Thanks
  • #14,006
  • Dec 7, 2011 4:24am Dec 7, 2011 4:24am
Quoting alkenany
shorted 3422 thnx Phx 62
I'm in the same trade.
  • #14,007
  • Edited 9:30am Dec 7, 2011 5:08am | Edited 9:30am
i was a little quicker than you guys.
Shorted .3421 and got my +40 pips already.
Hope the price will continue to go down for you guys.
  • #14,008
  • Dec 7, 2011 5:17am Dec 7, 2011 5:17am
Quoting jwscott
I'm in the same trade.
good luck mate
i closed 1 lot +50 pips, the other one still runing with SL @BE
  • #14,009
  • Dec 7, 2011 6:13am Dec 7, 2011 6:13am
Quoting BobbyJ
Basically all you have to do is to sign up with palltalk, and then click this link and you will automatically be connected to the channel.

http://express.paltalk.com/index.html?gid=1429950431

I am in the channel from 7 - 21 GMT.
@ bobbyj
at 12.15 GMT , I can join paltalk ,
thank you
  • #14,010
  • Dec 7, 2011 9:15am Dec 7, 2011 9:15am
Quoting alkenany
good luck mate
i closed 1 lot +50 pips, the other one still runing with SL @BE
Thanks alkenanay. trade ended +48

Attached Image (click to enlarge)
Click to Enlarge Name: eu short.gif Size: 32 KB
  • #14,011
  • Dec 7, 2011 11:33am Dec 7, 2011 11:33am
anyone have a trade open?
  • #14,012
  • Dec 7, 2011 11:47am Dec 7, 2011 11:47am
I had...
Bought EurUsd at .3385 with TP at .3415

Well just on demo, but i feel i'm beginning to get used with this system.
  • #14,013
  • Dec 7, 2011 11:50am Dec 7, 2011 11:50am
Quoting stevebalmmer
anyone have a trade open?
Yesterday evening I shorted GBP/JPY and EUR/CAD based on the daily charts (see http://www.forexfactory.com/showthre...71#post5199971).

GBP/JPY isn't doing so great: 100 pip stop almost got taken out today.
EUR/CAD hardly moved but is still looking to go my way.
(see screenshot)

In retrospect, I shouldn't have taken the GBP/JPY trade, since the TDI cross was between 2 and 4 instead of the recommended 4 and 6.
I took the EUR/CAD trade based on a bounce.
Not sure if I interpreted that one correctly.

Oh, I'm on demo by the way.
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Financial independence is what I live for
  • #14,014
  • Dec 7, 2011 12:08pm Dec 7, 2011 12:08pm
i look at usd-chf the second candle.
  • #14,015
  • Dec 7, 2011 12:19pm Dec 7, 2011 12:19pm
Quoting alkenany
shorted 3422 thnx Phx 62
Phx62 was on paltalk or the chat you guys had running? He is awesome I could learn so much from him
  • #14,016
  • Edited 6:01pm Dec 7, 2011 5:05pm | Edited 6:01pm
Quoting smatthew
EUR/CAD
GBP/JPY
Closed losers
EUR/CAD -> TDI went flat -13
GBP/JPY -> TDI reversal (bounce) -80


Shouldn't have entered those in the first place.

New trades
Reentered on bounce up GBP/JPY. Small candle though...
Entered on bounce up GBP/USD. Good candle IMO.
Entered short on EUR/GBP cross down TDI.

Saw a cross up on GBP/AUD but IMO bad TDI angle and very weak candle. No trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD no trade.PNG Size: 52 KB
Click to Enlarge Name: GBPJPY long.PNG Size: 50 KB
Click to Enlarge Name: GBPUSD bounce.PNG Size: 53 KB
Click to Enlarge Name: EURGBP short.PNG Size: 54 KB
Financial independence is what I live for
  • #14,017
  • Dec 7, 2011 7:45pm Dec 7, 2011 7:45pm
you trade this only on daily chart?i have the 4 hours chart.
Quoting smatthew
Closed losers
EUR/CAD -> TDI went flat -13
GBP/JPY -> TDI reversal (bounce) -80


Shouldn't have entered those in the first place.

New trades
Reentered on bounce up GBP/JPY. Small candle though...
Entered on bounce up GBP/USD. Good candle IMO.
Entered short on EUR/GBP cross down TDI.

Saw a cross up on GBP/AUD but IMO bad TDI angle and very weak candle. No trade.
  • #14,018
  • Dec 7, 2011 9:39pm Dec 7, 2011 9:39pm
Quoting smatthew
Closed losers
EUR/CAD -> TDI went flat -13
GBP/JPY -> TDI reversal (bounce) -80


Shouldn't have entered those in the first place.

New trades
Reentered on bounce up GBP/JPY. Small candle though...
Entered on bounce up GBP/USD. Good candle IMO.
Entered short on EUR/GBP cross down TDI.

Saw a cross up on GBP/AUD but IMO bad TDI angle and very weak candle. No trade.
Wow you went short on that Eur/Gbp? No way i would have taken that.
  • #14,019
  • Dec 7, 2011 10:09pm Dec 7, 2011 10:09pm
Two trades today....the first candle of the Frankfurt session set a new high and then pulled back, leaving a long upper wick. That told me a reversal was about to happen. The opening candle of London went back up to test the high of the previous candle, failed and retraced, confirming the reversal. Entered after PA came back to the open of that second candle and the entry candle had turned red and was moving short. The TDI had already crossed at the open of the red candle.
The second trade was a simple TMS trade....a blue set up candle followed by entry on the next blue candle, following the TDI cross....both good trades.
Attached Image (click to enlarge)
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  • #14,020
  • Dec 7, 2011 10:51pm Dec 7, 2011 10:51pm
100 pips on the day , is very good.
is this 4 hour or daily chart?
Quoting Phx62
Two trades today....the first candle of the Frankfurt session set a new high and then pulled back, leaving a long upper wick. That told me a reversal was about to happen. The opening candle of London went back up to test the high of the previous candle, failed and retraced, confirming the reversal. Entered after PA came back to the open of that second candle and the entry candle had turned red and was moving short. The TDI had already crossed at the open of the red candle.
The second trade was a simple TMS trade....a blue set up candle followed...
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