X-Man's Super Simple System

Did anyone short this on a live?

No short yet.
Waiting for cross under MBL on 30 min chart.

R is in nos of pips , your Initial Stop Loss when you decide to take a trade.
Using this same R, you determine your position size using your risk%.

Is that so? Remind me there is nowhere left setting. Thank you.

Short?

TDI is above MBL, no cross and above 50. No short signal yet for me

This is my latest chart. With the addition of some other indicators. Can this?

IS it safe to go long now??

MBL stand for ...???

MARKET BASE LINE

What are your trade setup conditions? If these are all okay, then yes.

Where will be your logical stop loss?

Where is your potential target profit?

What is the RR potatial ? is this within your trade plan and allows you to take this trade?

These are the questions I ask myself before I decide to take a trade.

Every trade is safe as long as you have a stop loss in place.

It's the yellow line in the TDI indicator screen, Market Base Line. It shows the overall trend

Horrible PA today on E/U - London session.
The second candle in London had an entry after the TDI bounce, and the profit could have been somewhere between 15-30(max) pips depending on your pick for exit on retracement.Thankfully PA pierced through first resistance just to come back...in a horrible range dance.

this current H1 candle close is important.
this will form the H4 candle....

was there really stop hunting when LO?
there is something at 1.3250 ...making buyers and sellers pause.

wait for H4 close, then next decision. US open is another hour' time.

We've missed these insightful musings.

Hi,

an example of a TLB trade entry after a price contraction.

Note: this sell setup will invalidate my morning long position, so I plan my exit.

Entered short one hour ago, from the 30 min chart, after MBL cross.
Daily range is narrow with 77 pips.

As Fifty used to say: "Go shorty".

i have an impression , of a possible soon down trend, there's a sort of breakout on the H1, perhaps is the moment to go short.

but the TDI is ranging a little bit.


In the same time, there are a oblique resistance line on the M15

I saw what i think is a pullback candle highlighted with the red arrow. Took the trade on open of next candle as it turned red and TDI did cross down. SL was above the high of the pullback candle (about 30 pips) TP was to fill the gap or close to it ( 1.3180)

I stayed in the trade until the 2nd red candle pullback so it was a BE trade.

The next chart shows three red arrows with what I think are pullback candles. I am having trouble checking the validity of them. Because I tend to get out of a trade when I see a pullback candle.

Last friday we had 2 pullback candles. How do I know with some certainty which is the real one?
Sometimes I see PHX62 stay in a trade when this occurs and sometimes I see him exit a trade when this occurs.

what am i missing in my observation?

Hale-Mary,
I spotted this 'pullback candle' too, i went short on demo account at open of next candle, my SL was at +30, just above the swing high.
Stayed in the trade and am now 25 pips in profit, SL moved to BE as i am off to the gym.
I appreciate the pullback candle was slightly double ended and did not officially form a high, anyone else have any observations if i should have taken this trade or not?