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  • #9,581
  • Dec 31, 2012 10:59am Dec 31, 2012 10:59am
Quoting TheScorpS
Happy New Year Everybody

Special thanks to Xman for showing me the way in Forex even though I did not talk to him in this forum

Thanks to every other member that helps us find our way in the Forex

Today I entered a trade but my stop loss was hit, please take a look at the chart and tell me the mistakes I made

I went long and after my stop was hit , the price went in the direction I was planning for
The question I would ask is.....What was your basis for entry? What did you see that caused you to "pull the trigger"?
Here are some reasons not to enter the trade, in my opinion....most of the banks around the world are closed today & tomorrow, which usually means ranging (consolidating) markets.....the six previous candles during the Asian session were red....trend was obviously down and I would have to see something to signal a change in direction....the TDI was still below the 50 line but not in the oversold area (below 32) and the green was still below the yellow Market Base line and the red Trade Signal line.....at London Open (where you entered) on the H1 there was no change in a candle color and no cross up of the TDI...there was a pullback candle just before LO but you have to be careful with those because many times there will be a "fake out candle" at LO.....price was still bouncing around the 200EMA with no confirmed direction.....
Long entry could have been made at the NY Open when price moved above the 200EMA and cleared the high of the previous couple of candles......there was also a cross of the TDI green over red and the candle turned blue.....it would have been a scalp trade for 20 or 25 pips for the reasons stated above and because of strong resistance around the 1.3220 area.
Hope this helps.....
  • #9,582
  • Dec 31, 2012 11:57am Dec 31, 2012 11:57am
Phx62,

Exlnt observation and explanation!
Thanks much for your contribution to this thread.

Happy New Year to you and to all who share their expertise.

Coast101 (in the USA)


Quoting Phx62
The question I would ask is.....What was your basis for entry? What did you see that caused you to "pull the trigger"?
Here are some reasons not to enter the trade, in my opinion....most of the banks around the world are closed today & tomorrow, which usually means ranging (consolidating) markets.....the six previous candles during the Asian session were red....trend was obviously down and I would have to see something to signal a change in direction....the TDI was still below the 50 line but not in the oversold area (below 32) and the...
  • #9,583
  • Dec 31, 2012 1:29pm Dec 31, 2012 1:29pm
Hi All
I have been a silent reader for some time. I cannot properly express my appreciation for all the better traders whom share their time & knowledge on this thread. Although I have successfully traded equities for several years, forex has been a challenge.
I particularly what to thank Phx62 for his valuable contributions and excellent trading charts. I learn quickly by practice trading older charts (marking my practice trades etc) and then comparing my results to Phx62's weekly trades chart. What I found at first was, that many times I could identify the trade but lacked confidence enough to either make the trade or hold the trade, but with the assistance of your charts those weaknesses have diminished. I know your time is very valuable & limited, but your contributions have been such a help and serve as a priceless trading study.

Thanks again

gmcc
  • #9,584
  • Dec 31, 2012 9:35pm Dec 31, 2012 9:35pm
Dear All,
I would like to wish all of you A HAPPY NEW YEAR FOR 2013.
I would like to thank all of you because I have learn a lot from this Tread.
Especially to ''PHX62. and X-man.

I have done on Demo Acc and success rate is more than 80%.
This year I'm going into Live mini Account.
( my english may not good because it's not my mother Language)

Be Happy
May all your Good Dreams and Wishes Come true.
allhappy
  • #9,585
  • Jan 1, 2013 12:05am Jan 1, 2013 12:05am
Quoting Phx62
The question I would ask is.....What was your basis for entry? What did you see that caused you to "pull the trigger"?
Here are some reasons not to enter the trade, in my opinion....most of the banks around the world are closed today & tomorrow, which usually means ranging (consolidating) markets.....the six previous candles during the Asian session were red....trend was obviously down and I would have to see something to signal a change in direction....the TDI was still below the 50 line but not in the oversold area (below 32) and the...
Yes it helps,

I would like to thank you for all the effort you put into the thread

What about MBL ( Market Base Line ) sometime I see that the cross of TDI happened bellow MBL and then Price Action continue up and even cross MBL and make a successful trade

Do you trade Long from 32 Zone or Short from 68 zone , if trades parameters are met?

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #9,586
  • Jan 1, 2013 2:56am Jan 1, 2013 2:56am
Hey guys

How are you guys doing?
I just want to say Happy New Year to all.
May all you guys have a wonderful 2013

May you be blessed with many pips.

lets rock these markets guys
Attached Image (click to enlarge)
Click to Enlarge Name: happy-new-year-2013-9.jpg Size: 759 KB
X-man the legendary conqueror of markets
  • #9,587
  • Jan 1, 2013 2:57am Jan 1, 2013 2:57am
Quoting allhappy
Dear All,
I would like to wish all of you A HAPPY NEW YEAR FOR 2013.
I would like to thank all of you because I have learn a lot from this Tread.
Especially to ''PHX62. and X-man.

I have done on Demo Acc and success rate is more than 80%.
This year I'm going into Live mini Account.
( my english may not good because it's not my mother Language)

Be Happy
May all your Good Dreams and Wishes Come true.
allhappy
hey buddy
I am happy to hear your success rate.
This is awesome stuff.
Keep practicing and you will be unstoppable.
Dont ever let anyone else tell you otherwise.
X-man the legendary conqueror of markets
  • #9,588
  • Jan 1, 2013 3:36am Jan 1, 2013 3:36am
Quoting X-Man
hey buddy
I am happy to hear your success rate.
This is awesome stuff.
Keep practicing and you will be unstoppable.
Dont ever let anyone else tell you otherwise.
Yes hope we become unstoppable in making pips

Happy New Year to you

Thanks for your encouraging words

I would like one day to get myself a wheel borrow to load in those pips
I Have Learned to Take Some Losses to Make Profits
  • #9,589
  • Jan 1, 2013 3:38am Jan 1, 2013 3:38am
Hi X-Man,

Nice see you here,


" HAPPY NEW YEAR 2013 "


May the New Year bring you a lot of fresh new buddies and let what past be buried.


Hope I am one of them.


Take care
winwin
  • #9,590
  • Jan 1, 2013 3:57am Jan 1, 2013 3:57am
no problem guys

I want to add few emas here to this thread that i have learnt and became very beneficial to me.
It added alot of vlaue to my trading and saved me from many bad trades.
I will update it on post 1 but this will ONLY be an option.
the old rules will still apply .
I will put these added rules after the old rules sepreratley so traders wont be confused.

If you have no problem with what you currently using then there will be no need to add these adjustments i will be making on post 1.
X-man the legendary conqueror of markets
  • #9,591
  • Jan 1, 2013 4:00am Jan 1, 2013 4:00am
Quoting X-Man
Hey guys

How are you guys doing?
I just want to say Happy New Year to all.
May all you guys have a wonderful 2013

May you be blessed with many pips.

lets rock these markets guys
http://www.forexfactory.com/attachme...1&d=1357030552

Hello X-Man,

HAPPY NEW YEAR you too and to ALL S3 Traders,

Nice picture you posted above. Reminds me of home.

This thread has been well with several members keeping the flame burning. Special mention is Phx62, Vantage and Dee50 playing a major role in recent months.

In case, you haven't notice, this thread is in 9th position with most number of Views.

But this year 2013, you need to make more posts here becasue I have made more posts than you. LOL.

Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: X-Man S3 top 9 Views.png Size: 106 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #9,592
  • Edited 4:18am Jan 1, 2013 4:08am | Edited 4:18am
Quoting emmanuel7788
http://www.forexfactory.com/attachme...1&d=1357030552

Hello X-Man,

HAPPY NEW YEAR you too and to ALL S3 Traders,

Nice picture you posted above. Reminds me of home.

This thread has been well with several members keeping the flame burning. Special mention is Phx62, Vantage and Dee50 playing a major role in recent months.

In case, you haven't notice, this thread is in 9th position with most...
Lol..I'm catching up with you Emmanuel7788.....onnnnnnnnnne!

Thanks so much to all peoples in the S3 thread for your input and ideas..appreciated!

I'd like to wish all followers of this thread and loved ones a Happy and Prosperous New Year! ..

Have an awesome 2013!

Cheers,
Adrian
  • #9,593
  • Jan 1, 2013 4:37am Jan 1, 2013 4:37am
Quoting emmanuel7788
http://www.forexfactory.com/attachme...1&d=1357030552

Hello X-Man,

HAPPY NEW YEAR you too and to ALL S3 Traders,

Nice picture you posted above. Reminds me of home.

This thread has been well with several members keeping the flame burning. Special mention is Phx62, Vantage and Dee50 playing a major role in recent months.

In case, you haven't notice, this thread is in 9th position with most number of...
Yes thats right
I thank all the traders here that is keeping this thread alive that means alot to me. A big thanks to all of you .

This thread is a big big accomplishment for me.
I was a trader from 30 august 2011 started in trading made simple and studying under Big E (may GOD rest his soul) I was a noob that time just finished my studies at babypips.com and came to FF

After 3month of trading I started this thread on 25 November 2011. I had no idea my thread would still be going after all this time.
well it is profitable, it has a win rate , its so simple so why not hey .

Today this thread it a top 10 thread with 2 000 000 viewers.

I am hoping to take it to new heights and keep it going .
I have learnt alot from many traders During all these months.
Price action still remains KING.


LOL i will surely beat you in 2013 this is my year to shine
By the way how does 1 see how many posts a a person made in the thread like the snap shot you have there.
X-man the legendary conqueror of markets
  • #9,594
  • Jan 1, 2013 4:52am Jan 1, 2013 4:52am
So is this where everyone's congregating now? A drama free thread perhaps?

I hope so.

Happy new years!
What is any ocean but a multitude of drops?
  • #9,595
  • Jan 1, 2013 4:57am Jan 1, 2013 4:57am
Quoting X-Man
....

By the way how does 1 see how many posts a a person made in the thread like the snap shot you have there.

Just a mouse click away....
Attached Image (click to enlarge)
Click to Enlarge Name: X-Man S3 top 9 Views.png Size: 120 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #9,596
  • Jan 1, 2013 5:07am Jan 1, 2013 5:07am
Quoting emmanuel7788
Just a mouse click away....
Thanks buddy
Theres always something to learn everyday.
one can never say he knows its all.
X-man the legendary conqueror of markets
  • #9,597
  • Jan 1, 2013 5:15am Jan 1, 2013 5:15am
Quoting X-Man
[b][color=Blue]Yes thats right
I thank all the traders here that is keeping this thread alive that means alot to me. A big thanks to all of you .

This thread is a big big accomplishment for me.
I was a trader from 30 august 2011 started in trading made simple and studying under Big E (may GOD rest his soul) I was a noob that time just finished my studies at babypips.com and came to FF

After 3month of trading I started this thread on 25 November 2011. I had no idea my thread would still be going after all this time.
well it is profitable,...



Happy New Year Mate
This thread is part Big E legacy. and Big E would be look from heaven and say:
"Mr X-man, I am proud of you"
  • #9,598
  • Jan 1, 2013 6:07am Jan 1, 2013 6:07am
Quoting X-Man
[b][color=Blue]Yes thats right
I thank all the traders here that is keeping this thread alive that means alot to me. A big thanks to all of you .

This thread is a big big accomplishment for me.
I was a trader from 30 august 2011 started in trading made simple and studying under Big E (may GOD rest his soul) I was a noob that time just finished my studies at babypips.com and came to FF

After 3month of trading I started this thread on 25 November 2011. I had no idea my thread would still be going after all this time.
well it is profitable,...
Thanks a lot

Please share those Moving Average with us any time you can
I Have Learned to Take Some Losses to Make Profits
  • #9,599
  • Jan 1, 2013 7:27am Jan 1, 2013 7:27am
Hey X, good to see you back where you belong buddy. This thread is yours, you can do
as you please, whenever you get fed up again just walk away for a while.
Thanks for all the help you have given me in the past. HAPPY NEW YEAR!
  • #9,600
  • Edited 8:13am Jan 1, 2013 7:48am | Edited 8:13am
Thanks buddy Cajun

Im glad to see familiar names here still.
How you keeping buddy?
I wish you a very good 2013 and many pips to you my friend.

LOL this thread is on auto cruise now . All the traders need to do is learn , practice and then make pips.
X-man the legendary conqueror of markets
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