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  • #9,521
  • Dec 15, 2012 6:53am Dec 15, 2012 6:53am
Quoting barloc
gone wrong.
I need to figure a way to minimize losses.
Hello welcome. Looks like you have a good method there. Are you currently moving to B/E after +20 pips?? I am assuming that you are based on trade 3. I would suggest that you might want to reduce your B/E point to +15 pips, particularly if you need to sleep and are unable to react to market signals, as you stated, or reduce your stop loss on a step basis e.g. stop reduces by 5 pips for every 5 pips in profit, what ever helps you sleep easier. Alternatively, do not go CT in a clearly trending market unless you can manage the trade personally.
Cut your Losers short and let your Winners run.
  • #9,522
  • Dec 15, 2012 4:54pm Dec 15, 2012 4:54pm
Quoting dee50
Here is another summary of the TMS method but it includes charts.

If you look thru the attachments of a thread you will be surprised what you will find there (top RH corner). Just click "hide all images" and you will be left with the Indies and PDFs, a quick way to find the good stuff.
Hi Dee50, I have just started reading through this thread and this post was one of many that was very helpful! I look forward to going through X-Mans system over the holiday break. Cheers.
  • #9,523
  • Dec 16, 2012 12:30am Dec 16, 2012 12:30am
Quoting Phx62
Here are the trades I took this week on the EU H1. I entered all trades during the London session (except the 1 early trade during the Frankfurt session based on a strong pullback candle) per my trade plan. A very good week......
Munir/Dee....great trading and excellent analysis by both of you......keep up the good work.

Hi Phx62,

I have a few questions regarding your this weeks trading:

1. Concerning your 2nd trade where price was closing on 200 ema and when pullback candle happened, I can see you have entered on crossover of TDI and did not wait for break of Asian session why is that? Further on what made you stay in the trade when price was closing on 200 ema and pullback candle happened, what made you sure price will break through (I saw your last week short trade where you decided to close trade before 200 ema.)?

2. Concerning your 7th trade of the week or the one with +33 pips, what made you take this one when obviously pullback happened? What makes you decide when to act on pull back and when not to?

Thank your time!

Definat
  • #9,524
  • Dec 16, 2012 6:47am Dec 16, 2012 6:47am
pipsaurus (and Dee)

thank you for the heads up on the attachments etc

-bill
  • #9,525
  • Dec 16, 2012 3:36pm Dec 16, 2012 3:36pm
Overall Daily perspective on EU
Attached Image (click to enlarge)
Click to Enlarge Name: eu_daily_16.jpg Size: 133 KB
  • #9,526
  • Dec 17, 2012 12:30am Dec 17, 2012 12:30am
Quoting munirpt
Overall Daily perspective on EU

Good perception buddy!
  • #9,527
  • Dec 17, 2012 5:56am Dec 17, 2012 5:56am
Dee,

I've been with emini (David Halsey) for roughly two and a half years now

It's not an advisory but a live (screen share q & a) training system (teach a man to fish,,,,,,)

Best money spent

However the hours are 0830am (1330gmt) to close monday through friday

-Bill
  • #9,528
  • Dec 17, 2012 10:07am Dec 17, 2012 10:07am
Quoting Defiant
Hi Phx62,

I have a few questions regarding your this weeks trading:

1. Concerning your 2nd trade where price was closing on 200 ema and when pullback candle happened, I can see you have entered on crossover of TDI and did not wait for break of Asian session why is that? Further on what made you stay in the trade when price was closing on 200 ema and pullback candle happened, what made you sure price will break through (I saw your last week short trade where you decided to close trade before 200 ema.)?

2. Concerning your 7th trade of the week...
Q1.....RE: trade 2.....I entered the trade based on price bouncing off the 50 EMA (which is also the M15 200 EMA), price bouncing off the trend line (not the one shown on the chart but the first one I drew once price started moving up) and a cross of the TDI green over red above the 50 line. The yellow Market Base line was also crossing over the 50 line and sloping up. All those things gave me confidence that a strong up move might occur. I knew the 200 EMA was close but entered with my usual 40 pip TP snd SL. I went back to bed leaving my EA to manage the trade knowing that the SL would be moved to BE before price reached the 200 EMA, so even if price reversed at the 200, the worst that could happen would be a break even trade. Instead it reached my TP.
Q2.....RE: trade 7....price bounced off the trend line and once it pulled back and closed above the open of the set up candle and the next candle turned blue, it was a classic pullback setup and I entered. Once the trade reached the high of the current London session and pulled back a little, I decided to exit the trade. That decision was also infuenced by the the time of day...London ending and NY well underway. Price movement typically begins to slow down then without big news pending.
Many of these decisions and analysis come from understanding what the market is likely to do in given situations....hundreds of hours of studying charts and price movements.
Hope this helps.....
Success to you in your trading....
  • #9,529
  • Dec 17, 2012 11:23am Dec 17, 2012 11:23am
Quoting Phx62
Q1.....RE: trade 2.....I entered the trade based on price bouncing off the 50 EMA (which is also the M15 200 EMA), price bouncing off the trend line (not the one shown on the chart but the first one I drew once price started moving up) and a cross of the TDI green over red above the 50 line. The yellow Market Base line was also crossing over the 50 line and sloping up. All those things gave me confidence that a strong up move might occur. I knew the 200 EMA was close but entered with my usual 40 pip TP snd SL. I went back to bed leaving my EA...

Thank you for your time PHX62... you are definitely helping in putting puzzles together for me!
  • #9,530
  • Edited 8:46pm Dec 17, 2012 7:15pm | Edited 8:46pm
Quoting Phx62
Q1.....RE: trade 2.....I entered the trade based on price bouncing off the 50 EMA (which is also the M15 200 EMA), price bouncing off the trend line (not the one shown on the chart but the first one I drew once price started moving up) and a cross of the TDI green over red above the 50 line. The yellow Market Base line was also crossing over the 50 line and sloping up. All those things gave me confidence that a strong up move might occur. I knew the 200 EMA was close but entered with my usual 40 pip TP snd SL. I went back to bed leaving my EA...
Hi Phx62,
Thank you very much for your explanation. I have learn a lot from you.
Currently , doing on the Demo account. Plan to start live account
in Mar 2013.
By the way, How can I get the EA for moving the SL to BE?
And How to use it?
  • #9,531
  • Dec 17, 2012 9:23pm Dec 17, 2012 9:23pm
Quoting allhappy
Hi Phx62,
Thank you very much for your explanation. I have learn a lot from you.
Currently , doing on the Demo account. Plan to start live account
in Mar 2013.
By the way, How can I get the EA for moving the SL to BE?
And How to use it?
See post 8612 in this thread OR open the paperclip in the top right corner of the thread and hit hide images....then scroll down until you find the THV CAVEMANAGER.....then hit post and it will take you to the information you are looking for OR here is the link to that post. http://www.forexfactory.com/attachme...=1041869&d=Sep 19, 2012 8:49am There is a PDF on how to use it in the same post.
  • #9,532
  • Dec 18, 2012 6:30am Dec 18, 2012 6:30am
Quoting Phx62
Q1.....RE: trade 2.....I entered the trade based on price bouncing off the 50 EMA (which is also the M15 200 EMA), price bouncing off the trend line (not the one shown on the chart but the first one I drew once price started moving up) and a cross of the TDI green over red above the 50 line. The yellow Market Base line was also crossing over the 50 line and sloping up. All those things gave me confidence that a strong up move might occur. I knew the 200 EMA was close but entered with my usual 40 pip TP snd SL. I went back to bed leaving my EA...
This what matters, Price Action, I find when follow TDI as my entry point that I face a lot of problems ending up in losing a trade, so first of all, find a entry setup based on Price Action and confirm it with TDI, correct me if am wrong

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #9,533
  • Dec 18, 2012 10:06am Dec 18, 2012 10:06am
EU, GU H1 trades

I took two trades today. At the TDI cross I had the 2nd and 3rd rising HA candles, respectively. As the trend was bullish even on H4 I entered the long trades.

I was very conservative with my TP setting just below the next closest RN.

TP of 21 pips on EU and 25 pips on GU hit.

take care,
thrax
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 33 KB
Click to Enlarge Name: gu.gif Size: 35 KB
  • #9,534
  • Dec 18, 2012 11:47am Dec 18, 2012 11:47am
EU
Two trades today....one BE and one for +40. No trades yesterday....no valid signals.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012.12.18 eu h1.gif Size: 38 KB
  • #9,535
  • Dec 18, 2012 12:20pm Dec 18, 2012 12:20pm
Quoting Phx62
EU
Two trades today....one BE and one for +40. No trades yesterday....no valid signals.
Hi PHX

I took exactly the same trade as your first trade.
Same entry, Same SL!!! was stopped by 1pip.
Actually if i had not place my SL to SL + spread, i might not have been stopped out, because i entered few pips below before the LO candle closed....
my TP was at few pips below 1.323
would have been nice 60 pips....

wasnt at the computer for the second trade...

bad luck, but tomorrow is another day.
  • #9,536
  • Dec 18, 2012 1:39pm Dec 18, 2012 1:39pm
Quoting munirpt
Hi PHX

I took exactly the same trade as your first trade.
Same entry, Same SL!!! was stopped by 1pip.
Actually if i had not place my SL to SL + spread, i might not have been stopped out, because i entered few pips below before the LO candle closed....
my TP was at few pips below 1.323
would have been nice 60 pips....

wasnt at the computer for the second trade...

bad luck, but tomorrow is another day.
munirpt, Phx62,

It boosts my confidence that I see, I had the same trade on EU today as booth of you. Unfortunately I could not follow my trades after entering that is also the reason for staying in the trade after the bearish TDI cross (of EU) which made Phx62 to exit at BE. I hope one day I can reach your success level.

Take care,
thrax
  • #9,537
  • Dec 18, 2012 10:51pm Dec 18, 2012 10:51pm
Quoting Phx62
EU
Two trades today....one BE and one for +40. No trades yesterday....no valid signals.
Hi Phx,

Do you think that Heikin Ashi and APB Synergy Bar can give you the same results for viewing? I have some trouble using MT4, so im using another software that have Heikin Ashi as the closest.

Evilmaster
  • #9,538
  • Dec 19, 2012 12:30am Dec 19, 2012 12:30am
Quoting Phx62
EU
Two trades today....one BE and one for +40. No trades yesterday....no valid signals.

Hi PHX!

I have a question for you. What are those yellow horizonzal lines on your charts, seems price stalls at them...have you placed them or is it some indicator?

Also what were your main clues that kept you out of the trade on 17th when price started to range?

Congratulation on your trade!

Cheers!
  • #9,539
  • Dec 19, 2012 1:46am Dec 19, 2012 1:46am
Quoting Evilmaster
Hi Phx,

Do you think that Heikin Ashi and APB Synergy Bar can give you the same results for viewing? I have some trouble using MT4, so im using another software that have Heikin Ashi as the closest.

Evilmaster
http://www.forexfactory.com/attachme...02012%209:41am

http://www.forexfactory.com/attachme...02012%209:36am

And if the above does not answer your question, this post should

http://www.forexfactory.com/showthre...20#post5985720
Cut your Losers short and let your Winners run.
  • #9,540
  • Dec 19, 2012 1:49am Dec 19, 2012 1:49am
Quoting thrax
TP of 21 pips on EU and 25 pips on GU hit.
Considering the market, executed with style and panache. Nice one.
Cut your Losers short and let your Winners run.
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