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  • #2,201
  • Dec 15, 2011 3:15am Dec 15, 2011 3:15am
Anyone else enter short on the nice pullback candle and tdi cross on EU 15 min?
  • #2,202
  • Dec 15, 2011 3:18am Dec 15, 2011 3:18am
Quoting gregben
My understanding is yes. The green TDI has curled over and is pointing down. I entered short at the beginning of the hour.
gregben
I am short too, at 1.29937.
At what price you are short?

arasheed
  • #2,203
  • Dec 15, 2011 3:18am Dec 15, 2011 3:18am
Quoting james2ko
Anyone else enter short on the nice pullback candle and tdi cross on EU 15 min?

Yep, 20pips already.

P.
youtube.com/@pantherfxt
  • #2,204
  • Dec 15, 2011 3:18am Dec 15, 2011 3:18am
Looks like fairly strong support @ 1.2980. If it breaks below we could hane a nice move down.

gregben
  • #2,205
  • Dec 15, 2011 3:18am Dec 15, 2011 3:18am
Quoting arasheed
I am short too, at 1.29937.
At what price you are short?

arasheed
1.3009
  • #2,206
  • Dec 15, 2011 3:20am Dec 15, 2011 3:20am
Quoting arasheed
I am short too, at 1.29937.
At what price you are short?

arasheed
Open price of hourly candle @ 1.3000

gregben
  • #2,207
  • Dec 15, 2011 3:31am Dec 15, 2011 3:31am
Quoting snarlyjack
Chixie,

First of all you don't trade against the red line. That is the
long term trend line.

You trade with the green line. But if price is going towards the
yellow line that is caution. You trade away from the yellow
and red lines.

green = go
yellow = caution
red = stop

or

green = short term trend
yellow = intermediate term trend
red = long term trend

It gives you all three trends. I've traded with it a long time and
it's pretty accurate. But you need to watch it for a while and
see how it reacts to everything.

Hope it helps you......
Dear snarlyjack,
Three color like the travel light.very interesting.
No need the 4ema? and so simple? no other ruler?
green=go means entry? what is the signal?
thx.
BR,
chixie
  • #2,208
  • Dec 15, 2011 3:35am Dec 15, 2011 3:35am
Well thanks for all the response to my chart.
I am a little more conservative here and will wait for TDI to confirm cross down.
Anyway... Good Trading for you all
  • #2,209
  • Dec 15, 2011 3:37am Dec 15, 2011 3:37am
Because I think the support is strong @ 1.2980 I have closed my short and will look for a trigger to go long.

gregben
  • #2,210
  • Dec 15, 2011 3:39am Dec 15, 2011 3:39am
Chixie,

I just have the 4 ema +2 typical cause it part of
x-man system and I watch it, but really don't need it.

The signal is when the green line crosses the red or
yellow (each signal is different). See 5 minute chart
that I marked just to give you an example.

snarlyjack
Attached Image
  • #2,211
  • Dec 15, 2011 3:44am Dec 15, 2011 3:44am
Quoting gregben
Looks like fairly strong support @ 1.2980. If it breaks below we could hane a nice move down.

gregben
It has moved down to 1.29671

arasheed
  • #2,212
  • Dec 15, 2011 3:47am Dec 15, 2011 3:47am
Hi all, quick question. Does anybody trail their stoploss with this method? if so, at what point etc.
Thanks in advance, Rob
  • #2,213
  • Dec 15, 2011 3:48am Dec 15, 2011 3:48am
Quoting viocable
Well thanks for all the response to my chart.
I am a little more conservative here and will wait for TDI to confirm cross down.
Anyway... Good Trading for you all
The key point is:
if I see a pullback-candle and wait for confirmation of TDI, market sometimes doesnt give me enough room to reach my 25+ pips. When entering directly after a strong pullback-candle and looking for a TDI that is "near crossed", chart has enough room to provide me (mostly) my desired pips.

Those are my 2 cents and X-Man is trading it slightly different.

short trade: currently --> +30

Nevertheless: Thanks X-Man!

smash
  • #2,214
  • Dec 15, 2011 3:50am Dec 15, 2011 3:50am
Quoting arasheed
It has moved down to 1.29671

arasheed
Yes out too early, but still banked pips.

gregben
  • #2,215
  • Dec 15, 2011 4:01am Dec 15, 2011 4:01am
Quoting gregben
Yes out too early, but still banked pips.

gregben
That.s right ,something is better than nothing.

arasheed
  • #2,216
  • Dec 15, 2011 4:02am Dec 15, 2011 4:02am
Eu short trade, +50

50 pip TP, 30 pip SL at swing high, 25 pip Trailing stop

entered after pullback bar on 15M chart after the break of the low.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 29 KB
  • #2,217
  • Dec 15, 2011 4:04am Dec 15, 2011 4:04am
Quoting jwscott
Eu short trade, +50

50 pip TP, 30 pip SL at swing high, 25 pip Trailing stop

entered after pullback bar on 15M chart after the break of the low.

Attachment
very nice trade - you probably milked this movement like a cow! ;-)
  • #2,218
  • Dec 15, 2011 4:08am Dec 15, 2011 4:08am
saw the pullback bar but was not convinced So I waited for a red candle close and entered on the open of the second candle @ 1.2970 problem is...even with the TDI cross price seems to not want to cooperate.

Was this a late entry?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 159 KB
  • #2,219
  • Dec 15, 2011 4:11am Dec 15, 2011 4:11am
Quoting gregben
Yes out too early, but still banked pips.

gregben
Iwas stoppedout with 16.3 Pips
and have taken a Long position at 1.2974

arasheed
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h1.gif Size: 48 KB
  • #2,220
  • Dec 15, 2011 4:13am Dec 15, 2011 4:13am
Quoting james2ko
Anyone else enter short on the nice pullback candle and tdi cross on EU 15 min?
Yes
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