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  • #9,121
  • Nov 7, 2012 10:39am Nov 7, 2012 10:39am
Quoting tp0440
I was partially away again, so wasn't able to catch them all.

Still:

- DAX short. 1st entry yesterday night, second today during prime trading time (once for a change), 80 and 90 pip. I stupidly closed manually when hitting very old support line and on bounce from SMA100 on h1. Again to soon. Missed GBPUSD and EURUSD shorts today completely as I was away or didn't dare enter later on. Well, easy to judge now, I know. I traded this on SAXO account I have, and since there is not TDI I "cheat" by using RSI.
- EURUSD long for almost 2 days...
Great Results!
  • #9,122
  • Nov 7, 2012 10:39am Nov 7, 2012 10:39am
hi,
I am new here as well . First, thank you dee50 for those links. Very useful!
Some newbie questions (sorry my English, is not my native language):
@munirpt: first signal was outside the period used by X-Man (it come even before his bar from 6.00AM GMT). Any other reason why a signal so early should be taken (except TDI cross, and in reference to X-Man S3 system)?
@dee50, about the AUDUSD entry: at the start of that bar (where the entry is marked) the TDI did not crossed yet...ok, it shows that it want to cross, but in 4H can easily go up and the cross to never happen... any other reason to enter there?
  • #9,123
  • Nov 7, 2012 11:21am Nov 7, 2012 11:21am
Quoting Randy09
hi,
I am new here as well . First, thank you dee50 for those links. Very useful!
Some newbie questions (sorry my English, is not my native language):
@munirpt: first signal was outside the period used by X-Man (it come even before his bar from 6.00AM GMT). Any other reason why a signal so early should be taken (except TDI cross, and in reference to X-Man S3 system)?
@dee50, about the AUDUSD entry: at the start of that bar (where the entry is marked) the TDI did not crossed yet...ok, it shows that it want to cross, but in 4H can easily go up...
Hi Randy09

Let me try to clarify.

1st question - Timing - I mostly trade during London Session and NY overlap. Recently i have seen that big moves are happening before the London Open. Also having seen that the signal candle completely engulfed the previous (and moved away 28 pips) that would be sufficient for me to enter the trade. But as im in Europe, at that time I was sleeping, so no trade....

2nd question - about the TDI cross. You are right, probably at the time when the candle was born the cross was not so evident. But if you wait for the candle to close, then most of the profit is gone. What i normally do is to try to find other reasons to enter. For example, if you look at the 1H time frame (i marked the entry point on the 4H time frame) you will see a clear bearish divergence. So, in conclusion, you need to find several reasons to build your case for entry.

i would recommend you to see this video about "score trading" : http://www.protradenetwork.com/2012/09/score-trading/

Wish you happy trading
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  • #9,124
  • Nov 7, 2012 12:13pm Nov 7, 2012 12:13pm
thank you, munirpt!
  • #9,125
  • Nov 7, 2012 12:21pm Nov 7, 2012 12:21pm
For those who want to learn more about price action this chart might give you some insights about the kind of analysis i do.

As many pro traders in this thread already said Price Action is King. TDI is just a confirmation tool.

Feel free to ask questions. We are all here to learn and share.
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  • #9,126
  • Nov 7, 2012 2:01pm Nov 7, 2012 2:01pm
Quoting dee50
Very nice. Insomnia is not normally known to be a profitable condition, medically speaking, but perhaps we should get it added to the list of symptoms!
  • #9,127
  • Nov 7, 2012 9:36pm Nov 7, 2012 9:36pm
Quoting munirpt
Hi guys

i haven't been trading because i was sick and couldn't trade.
Anyway, just wanted to show you today's signals and the profit you could have made if you have traded these signals.

good luck with your trading
Thanks munirpt , classic x-man trades , i think, just kinda simple . i got +39 on second trade , not good , but ok for me .
  • #9,128
  • Nov 8, 2012 5:19am Nov 8, 2012 5:19am
What a day....!!!!

80 pips banked in total guerilla mode ... lots of red news today... be careful

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  • #9,129
  • Nov 8, 2012 5:30am Nov 8, 2012 5:30am
Quoting robuk
Thanks munirpt , classic x-man trades , i think, just kinda simple . i got +39 on second trade , not good , but ok for me .
What do you mean not good! Thats fantastic! Don't compare 39 pips on 1 trade to 80 pips on 3 correlated pairs. Either the 3 pairs were on smaller lot sizes or the potential is there to over trade.

Anyway 39 pips 1 session - magic.
  • #9,130
  • Edited 6:03am Nov 8, 2012 5:51am | Edited 6:03am
Quoting Vantage
What do you mean not good! Thats fantastic! Don't compare 39 pips on 1 trade to 80 pips on 3 correlated pairs. Either the 3 pairs were on smaller lot sizes or the potential is there to over trade.

Anyway 39 pips 1 session - magic.
Totally agree! 39 pips on 1 session is excellent!
My trades today are not an example, thats why I entitled it as "guerilla trading".
@robuk : Keep what you are doing. You are in the right path!
  • #9,131
  • Nov 8, 2012 6:20am Nov 8, 2012 6:20am
Quoting munirpt
Totally agree! 39 pips on 1 session is excellent!
My trades today are not an example, thats why I entitled it as "guerilla trading".
@robuk : Keep what you are doing. You are in the right path!
Thanks Munirpt and Vantage.I only said not too good because the actual move was , i think , 108 pips and when i looked at where i stopped out there were 3 or 4 things that should have kept me in , i'm not dissapointed , just trying to keep learning
  • #9,132
  • Nov 8, 2012 6:20am Nov 8, 2012 6:20am
Hi Traders

I am seeing a bullish divergence on the EU 4H chart.
Would like to ask the traders here about their opinion about whether we should expect a move up based on this divergence.
can you please throw some light about how you interpret these signals based on your experience
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  • #9,133
  • Nov 8, 2012 6:25am Nov 8, 2012 6:25am
Quoting munirpt
Hi Traders

I am seeing a bullish divergence on the EU 4H chart.
Would like to ask the traders here about their opinion about whether we should expect a move up based on this divergence.
can you please throw some light about how you interpret these signals based on your experience
This is for now unconfirmed divergence, so watch out.

But generally.... I doubt we'll see bellow 1,2690 ATM. Than a correction is due and as I already posted somewhere, we are missing wave C on h4. Although my EW knowledge is very limited, this one is hard to miss.

So for me is: I'll miss next few hours anyway. Next actions will be determined by PA, but my gut feeling says we'll bounce up, but no confirmation yet.

BR
  • #9,134
  • Nov 8, 2012 6:34am Nov 8, 2012 6:34am
Quoting munirpt
Hi Traders

I am seeing a bullish divergence on the EU 4H chart.
Would like to ask the traders here about their opinion about whether we should expect a move up based on this divergence.
can you please throw some light about how you interpret these signals based on your experience
I am going to be cryptic. The answer you are looking for is actually on your chart. Spot The Difference.
Cut your Losers short and let your Winners run.
  • #9,135
  • Nov 8, 2012 6:37am Nov 8, 2012 6:37am
Quoting robuk
Thanks Munirpt and Vantage.I only said not too good because the actual move was , i think , 108 pips and when i looked at where i stopped out there were 3 or 4 things that should have kept me in , i'm not dissapointed , just trying to keep learning
If you followed your plan, nothing else matters. These panic moves do not happen regularly enough so that you can plan for them. Look at my trade, I exited to make sure that I banked money, I am happy, next time my plan will take more pips out of a normal move and that is what counts.

So, Well done.
Cut your Losers short and let your Winners run.
  • #9,136
  • Nov 8, 2012 8:16am Nov 8, 2012 8:16am
Quoting dee50
I am going to be cryptic. The answer you are looking for is actually on your chart. Spot The Difference.
  • #9,137
  • Nov 8, 2012 8:34am Nov 8, 2012 8:34am
Not much PA this morning....2 M15 trades for a few pips.
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  • #9,138
  • Nov 8, 2012 9:44am Nov 8, 2012 9:44am
Quoting munirpt
Clue number 2. Look at the red signal lines. What is the difference.
Cut your Losers short and let your Winners run.
  • #9,139
  • Nov 8, 2012 9:49am Nov 8, 2012 9:49am
Quoting dee50
Clue number 2. Look at the red signal lines. What is the difference.
ok . Understood!!! Thanks a lot.... I didn't notice that "detail"..... :-)
  • #9,140
  • Nov 8, 2012 9:52am Nov 8, 2012 9:52am
Quoting munirpt
Hi Traders

I am seeing a bullish divergence on the EU 4H chart.
Would like to ask the traders here about their opinion about whether we should expect a move up based on this divergence.
can you please throw some light about how you interpret these signals based on your experience
Diff is the divergence on left has occurred at a proven support level. In the current divergence price has broken through the support level, so that added incentive for market to go higher is not there.

As a general rule I wait for pa to confirm the divergence So would either wait for a positive engulfing close on this time frame and then look to 1hr + lower for entry. Or hopefully a nice higher low on 1hr to CONFIRM the change in flow from down.

Divergence is just a possible trade set up, pa must confirm.
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