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  • #9,541
  • Dec 19, 2012 3:53am Dec 19, 2012 3:53am
Quoting Phx62
EU
Two trades today....one BE and one for +40. No trades yesterday....no valid signals.
I have to admit I did not have the patience for the market yesterday. I took a trade for a quick +12 during the range and then called it a day. But you caught a nice 40 pounder, again. I would hate to compete against you in a fishing contest.
Cut your Losers short and let your Winners run.
  • #9,542
  • Dec 19, 2012 3:58am Dec 19, 2012 3:58am
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.
If I had not dreamt about that buxom blonde lady and had instead dreamt about the market, I would have made more pips yesterday, instead all i have to show for it is a stain on my sheets.
Cut your Losers short and let your Winners run.
  • #9,543
  • Dec 19, 2012 4:01am Dec 19, 2012 4:01am
This is my last post for 2012.

I wish you all a Merry Xmas, and for those of you still trading, Good Pippin.

See you in 2013. Watch out for Armageddon on the 22nd.
Cut your Losers short and let your Winners run.
  • #9,544
  • Edited 5:15am Dec 19, 2012 4:33am | Edited 5:15am
Quoting dee50
Considering the market, executed with style and panache. Nice one.
Thank you for the encouraging words and the valueable posts and charts!

I think the Armageddon this year will be skipped because of weak demand...

Merry Christmas and happy new year to all fellow traders!

take care,
thrax
  • #9,545
  • Dec 19, 2012 6:28am Dec 19, 2012 6:28am
Quoting Defiant
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!
The yellow lines are support/resistance lines that I place on my Daily charts each week, showing where price has reversed in the recent past.

On the 17th, all the candles in the late Asian and into the London sessions had long wicks on each end and very small bodies, indicating consolidation.....also the TDI was sloping down in an uptrend market. The only trade I was looking for was a long trade and there were no signals to indicate an entry.
  • #9,546
  • Dec 19, 2012 6:31am Dec 19, 2012 6:31am
Quoting dee50
I have to admit I did not have the patience for the market yesterday. I took a trade for a quick +12 during the range and then called it a day. But you caught a nice 40 pounder, again. I would hate to compete against you in a fishing contest.

Dee,
Have a good holiday.....
I landed another 40 pounder today.....probably done for the year, as well. Happy Holidays to everyone and here is to a prosperous New Year.
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  • #9,547
  • Dec 19, 2012 6:52am Dec 19, 2012 6:52am
Could somebody explain the preceeding TP option in THV Cavemanager?

If I set preceeding TP to 10 pips it means that when price comes within 10 pips my TP would be put further away?

If this is correct, what is the point of this option, why use a the TP at all, if its put further away all the time, why not just trail it?
Probably I am missing something, just dont know what.
Thoughts are things
  • #9,548
  • Edited 11:34am Dec 19, 2012 11:32am | Edited 11:34am
Last trade for me this year:
EURUSD H1

The main trend still bullish + bullish TDI cross and HA candle, so very similar setup as it was yesterday with one significant difference: the TDI cross occurred over 68 level. BUT this cross was at a very steep angle so I considered it as a safe trade. TP1 set just below the next BRN of 1.33000 (23 pips profit) then I set a TS which was hit (12 pips profit) just after bouncing back from the BRN.

take care,
thrax
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  • #9,549
  • Dec 19, 2012 2:52pm Dec 19, 2012 2:52pm
Quoting Phx62
Dee,
Have a good holiday.....
I landed another 40 pounder today.....probably done for the year, as well. Happy Holidays to everyone and here is to a prosperous New Year.

Hi Phx62,

Would you be willing to share your Heiken Ashi indicator. I am using MT4 and using the default one, though my version never seems to match your charts.

I understand that it is not really a deal changer, however, I get so much out of your screenshots and it would help with my own analysis versus your decision making.

Thanks for all your help
  • #9,550
  • Dec 19, 2012 3:19pm Dec 19, 2012 3:19pm
Quoting lounge14
Hi Phx62,

Would you be willing to share your Heiken Ashi indicator. I am using MT4 and using the default one, though my version never seems to match your charts.

I understand that it is not really a deal changer, however, I get so much out of your screenshots and it would help with my own analysis versus your decision making.

Thanks for all your help
Those are synergy bars. Check post 1.
Thoughts are things
  • #9,551
  • Dec 19, 2012 3:49pm Dec 19, 2012 3:49pm
Quoting Quezoy
Those are synergy bars. Check post 1.

Thanks Quezoy, apologies for the dumb ass question.
  • #9,552
  • Dec 19, 2012 4:06pm Dec 19, 2012 4:06pm
Quoting lounge14
Thanks Quezoy, apologies for the dumb ass question.
No questions are dumb. We all started out in the same position.
Thoughts are things
  • #9,553
  • Dec 19, 2012 8:43pm Dec 19, 2012 8:43pm
+36 pips , but only on demo.--should have been more but when price dithered about for a while i raised sl and got stopped out for +21 , then re- entered for +15, so not bad for me ,but if only i could make myself wait like PHX62 !!
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  • #9,554
  • Edited 6:24am Dec 20, 2012 6:13am | Edited 6:24am
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[/ATTACH]Two nice trades today ,+25 eu and +17.5 au-- i've been demoing for a year now and hoping things are starting to come together for me now
I realy wanted to express my thanks for all the help i've had from some great people
X-Man , Phx62 ,Dee 50 ,Emmanuel , Muniript and many more , All The Best and thanks so much
Rob [ATTACH]
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  • #9,555
  • Dec 20, 2012 8:28am Dec 20, 2012 8:28am
I know I am a sad bastard, but I just had to have alook at the market this morning and what did I see, I couldnīt resist it. 3 scalps +10 +20 +20 the last one was the news. First one overnight pushed down to the 78.6 and rejected later on another push down creating a Higher low, no place left to go but up. Entered on the first candle after the TDI signal but aware that above was a former resistance so took +10 there. Price closed above resistance so another entry targeting 1.3280 former resistance. Price did not make it there and started to come back so I closed for +20. Waited for the news, slightly positive employment figure, low volume so expected an extreme reaction went with the flow for another +20 at 1.3280 my original target. And that really is it for this year.

See you all next year.
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Cut your Losers short and let your Winners run.
  • #9,556
  • Dec 20, 2012 8:36am Dec 20, 2012 8:36am
Quoting robuk
+36 pips , but only on demo.--should have been more but when price dithered about for a while i raised sl and got stopped out for +21 , then re- entered for +15, so not bad for me ,but if only i could make myself wait like PHX62 !!
Well done. Remember, any positive outcome is a "Gold Cup Winner". I notice you are trading 1 full contract. Break it in half, take profit at your first B/E point, move the stop to B/E and let the other half run. When you have done this for a while without interfering with the trade then go back to trading 1 full contract, you will have trained your mind to leave things alone.
Cut your Losers short and let your Winners run.
  • #9,557
  • Edited 3:18pm Dec 20, 2012 2:54pm | Edited 3:18pm
Quoting dee50
Well done. Remember, any positive outcome is a "Gold Cup Winner". I notice you are trading 1 full contract. Break it in half, take profit at your first B/E point, move the stop to B/E and let the other half run. When you have done this for a while without interfering with the trade then go back to trading 1 full contract, you will have trained your mind to leave things alone.
Good plan Dee......another way to develop the discipline is the stay in the trade until a candle CLOSES the opposite color (only after you can move stop to BE). One can get nervous when a candle changes color during the hour but many times it comes back and then stays the same color and continues in the same direction. Try waiting for the candle to CLOSE and then if the NEXT candle changes color (especially if it is a candle that follows one with a lower high)...exit....you may lose a few pips on a reversal but if price continues with the original trend and stays the same color and you stayed in the trade, you'll be happy you did.

Notice the circled candle below....it pulled back but still stayed blue, then the next candle moved up 47 more pips. If the next candle had changed to red, I would have exited the trade because the pullback candle indicated a change in direction.
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  • #9,558
  • Dec 20, 2012 6:57pm Dec 20, 2012 6:57pm
Quoting Phx62
Good plan Dee......another way to develop the discipline is the stay in the trade until a candle CLOSES the opposite color (only after you can move stop to BE). One can get nervous when a candle changes color during the hour but many times it comes back and then stays the same color and continues in the same direction. Try waiting for the candle to CLOSE and then if the NEXT candle changes color (especially if it is a candle that follows one with a lower high)...exit....you may lose a few pips on a reversal but if price continues with the original...
Thankyou PHX, I almsost thought of taking the trade you marked in circle, but lost few pips by taking trades before NY opens. But i saw the candle after the pullback candle changed red before moving 47 pips in the same direction. I use to trade the pullback candle before NY opens and lost may time so now wait for NY to open. This is my trade today for 40 pips. Again thanks for PHX, this below trade is following your posts and charts. Double top after NY opens,yellow and red line was sloping down took the trade for 40 pips profit. There is no TDI cross when i took the trade.But i took the trade purely on double top if it gone agains me i whould have lost 20 pips.
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  • #9,559
  • Dec 20, 2012 8:02pm Dec 20, 2012 8:02pm
Thanks very much for your replies and advice , Dee50 and Phx62 , I have learned a lot from you guys and will keep trying to do so .
When i first looked at forex , a year ago , my first question was "what is metatrader , is it expensive " so you can see from that how much of a noobie i was ,I had so much to learn , and still do ,so I just keep battling on ,
thanks again
Rob
  • #9,560
  • Dec 20, 2012 11:17pm Dec 20, 2012 11:17pm
Quoting krishari
Thankyou PHX, I almsost thought of taking the trade you marked in circle, but lost few pips by taking trades before NY opens. But i saw the candle after the pullback candle changed red before moving 47 pips in the same direction. I use to trade the pullback candle before NY opens and lost may time so now wait for NY to open. This is my trade today for 40 pips. Again thanks for PHX, this below trade is following your posts and charts. Double top after NY opens,yellow and red line was sloping down took the trade for 40 pips profit. There is no TDI...
Nice trade krishari......
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