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  • #9,741
  • Jan 10, 2013 9:57am Jan 10, 2013 9:57am
Quoting Phx62
I may need to borrow X-Man's wheelbarrow to get all these pips to the bank.......LOL
Wheelbarrow is not going to be big enough. I suggest one of these.
Attached Image
Cut your Losers short and let your Winners run.
  • #9,742
  • Jan 10, 2013 9:59am Jan 10, 2013 9:59am
Quoting Tradermurat
Hi dee you can explain it better for newebies pls what u mean with r and g etc mbl u can show exact where and tdi classic sand r level etc explain pls nearer .. I will thx for that
R&G = Red and Green Lines on TDI
S&R= Support and Resistance
MBL= Market Base Line. Yellow line on TDI
Cut your Losers short and let your Winners run.
  • #9,743
  • Jan 10, 2013 10:19am Jan 10, 2013 10:19am
Quoting Tradermurat
Dee50 about ur post u can more in details in picture??? Maybe notice on charts
You are kidding, Right? Do not take this the wrong way, but, there is an excellent educational site called Babypips.com. Before you even try to use "any method/system" I would seriously recommend that you work your way through this site and then come back to learn a method. If you do not do it this way then I will PM you with my bank details and you can just transfer your money to me, you would be giving it to me in trading anyway. Forums are not the place to learn the basics of trading, the experienced traders on these forums just do not have the time to teach all the basics of trading, that really is upto you.
Cut your Losers short and let your Winners run.
  • #9,744
  • Jan 10, 2013 10:40am Jan 10, 2013 10:40am
Quoting dee50
Wheelbarrow is not going to be big enough. I suggest one of these.
  • #9,745
  • Jan 10, 2013 11:51am Jan 10, 2013 11:51am
I would like to share two trades.

The first one is EURUSD on H1 from yesterday.
I entred short after the bearish TDI cross below the MBL and the MBL was also heading down+the trend according to the ema(200) was short, so it was a valid short entry. I set my TP to the previous low but it was not reached. A TP of 25 could have been reached easily, perhaps I was greedy? Toady when I had the chance to check this trade we were after bullish TDI cross and the HA candles also showed bullish move so I closed the trade at -1 pip. I did not enter long because the price was below ema(200) and it was already the 3rd candle after the TDI cross. Actually it proved to b a good entry as dee50 and Phx62 showed us :-)

The second trade is GBPUSD on TF H4:
I entered long after the bullish TDI cross and after testing the 1.6000 level and bouncing off from it + divergence. Altough the ema(200) was bearish and the price was below it I entered because its slope was almost horizontal and the divergence gave me another signal for long. I set my TP conservatively just below the nearest BRN of 1.61000 which was hit (+46 pips profit).

I am still in a USDCAD and AUDUSD trades I will post them after closing.

dee50 and Phx62, thank you for posting your latest trades it is really useful and encouraging, as well.

take care,
thrax
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  • #9,746
  • Jan 10, 2013 12:07pm Jan 10, 2013 12:07pm
Quoting Phx62
I may need to borrow X-Man's wheelbarrow to get all these pips to the bank.......LOL
Just exited a EJ trade that I entered on a TDI break early in the Asian session.....I have some business meetings this morning or I would consider staying in a little longer. Just before news, I moved my SL up tight but it was not hit. EU also produced +40 but I did not re-enter because of news and I was already in the EJ trade.
check your pm please
  • #9,747
  • Jan 10, 2013 1:09pm Jan 10, 2013 1:09pm
I'm happy for all the traders that are making profit already. This is the easiest and I think the best method there is here so far.

I'm still working on it to make it perfect for me, I've had profits, but not as much as I've wanted.

I'm finding a problem determining the entry. Could anyone please give me an advice on this?

I find hard to tell, where the market is heading to after it gets to the 200 EMA. Up, or Down? Could someone clear this for me, or give me an advise?

Thank you very much in advance.
  • #9,748
  • Jan 10, 2013 1:19pm Jan 10, 2013 1:19pm
Phx,

Could you please provide some more details why you decided to take that trader? The second the rally started I new you were in. You went long before Frankfurt Open. There were some signals supporting the trade (lack of lower lows, cross of TDI), but price was downtreding, SMA was up above and pointing down and big news were incoming. What loaded you with such a confidence?

Thanks,
M.
Remember I'm a newbie!
  • #9,749
  • Jan 10, 2013 2:08pm Jan 10, 2013 2:08pm
Quoting Phx62
I may need to borrow X-Man's wheelbarrow to get all these pips to the bank.......LOL
Just exited a EJ trade that I entered on a TDI break early in the Asian session.....I have some business meetings this morning or I would consider staying in a little longer. Just before news, I moved my SL up tight but it was not hit. EU also produced +40 but I did not re-enter because of news and I was already in the EJ trade.
Fantastic trade man. I need to learn to keep my winners running like that.
What is any ocean but a multitude of drops?
  • #9,750
  • Jan 10, 2013 2:26pm Jan 10, 2013 2:26pm
Quoting mierzyk
Phx,

Could you please provide some more details why you decided to take that trader? The second the rally started I new you were in. You went long before Frankfurt Open. There were some signals supporting the trade (lack of lower lows, cross of TDI), but price was downtreding, SMA was up above and pointing down and big news were incoming. What loaded you with such a confidence?

Thanks,
M.
It was a classic Trading Made Simple setup as taught by Big E. Actually, the trade was entered after the Frankfurt session opened and after price broke the high of the setup candle (1st blue candle).....red news releases were not scheduled for several hours from the time I entered......I had some concern about the H4 200EMA but price had tested and broken it a couple of times already. If I had gotten a strong bounce off it, I would have exited with a small loss....my analysis of the setup was......1. the Asian session tested but did not break Yesterday's low and then price bounced off the AS low, 2. a strong set up candle with a TDI green cross over red, with the TDI green trending up for the past 16 hours with some divergence, 3. TDI green moving over the 50 line, TDI red was crossing the yellow MBL and sloping up.....I liked the way the setup looked and entered.....the H1 200EMA was more than 40 pips away, so I expected to hit TP before price hit the 200EMA.
As it turned out, I only took a small portion of the pips available and as I am writing this, price is still trending up and has not formed and closed even one APB red candle, even though the TDI green has just crossed back down over the red on the H1 chart.
Hope this answers your questions........
  • #9,751
  • Jan 10, 2013 2:44pm Jan 10, 2013 2:44pm
Quoting Phx62
It was a classic Trading Made Simple setup as taught by Big E. Actually, the trade was entered after the Frankfurt session opened and after price broke the high of the setup candle (1st blue candle).....red news releases were not scheduled for several hours from the time I entered......I had some concern about the H4 200EMA but price had tested and broken it a couple of times already. If I had gotten a strong bounce off it, I would have exited with a small loss....my analysis of the setup was......1. the Asian session tested but...

Phx62 could i get your answer in private message please ?.
  • #9,752
  • Jan 10, 2013 3:27pm Jan 10, 2013 3:27pm
This is my first post but I´ve been monitoring this one and - of course - Big E´s thread for almost one year now. What makes me write my first comment is this special day today. I entered almost exactly as Phx62 did and closed my trade when my TP was hit (38 Pips based on a fraction of ADR calculation). But then this thing moved up and up and up and away! So I was asking myself how could I have had followed this monster move longer than I actually did?

If you look at the chart you see that the Low of the Heiken Ashi candles would have provided a perfect trailing stop to this move.

Now I´m considering to drop my TPs and only rely on a TS based on the Low (or High, respectivly) of the Heiken Ashi candles (APB, if you will).

Did anyone consider the same before and can advise me either to refrain from this idea or to evaluate it further?
  • #9,753
  • Jan 10, 2013 3:34pm Jan 10, 2013 3:34pm
Quoting Phx62
Hope this answers your questions........
Yes, it does. Alot.
Thanks again.

I do follow market every day, last days your posts have answered all my questions regarding entries. Actually I made exactly same ones with just minor differences (wouldn't bother you with these). Anyway, I do admire your attitude and approach to newbies like myself.

Back to backtesting
M.
Remember I'm a newbie!
  • #9,754
  • Jan 10, 2013 7:37pm Jan 10, 2013 7:37pm
Quoting dee50
Wheelbarrow is not going to be big enough. I suggest one of these.
WOW....WHAT A DAY.......Dee.....Could you get a bigger bucket for that loader?
I just closed another trade for +117 and had another one hit for +50.....1st trade taken on a break of consolidation (white line)......the 2nd trade I took on a break of S/R that barely hit my TP before price began pulling back.....closed the 1st trade on the third pullback candle.....
Lets see where we go from here....definately won't take any short trades until I see a 123 pattern and TDI break, green below red and yellow and all below the 68 line.....
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  • #9,755
  • Jan 11, 2013 4:16am Jan 11, 2013 4:16am
My friends,

my AUDUSD trade has just been closed.

I entered the trade just before the close of the candle which produced the bullish TDI cross. The price tested the Fib 38.2 of the previous week's and as the price was above ema(200) and MBL also above 50 I considered it as valid entry.
I set TP1 quite close just below the Fib 78.6 and and the next BRN of 1.05000. After that I set the trade to BE and TP2 just below Fib 127 and let an EA to manage the position with TS. TP2 was hit and the TS has been also activated.
TP1 was only 18 pips, TP2 105 pips and the last portion produced 102 pips.
It is very interesting to see that the price was hanging at around the Fib 78.6 for some time before the move up.

take care,
thrax
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  • #9,756
  • Jan 11, 2013 5:41am Jan 11, 2013 5:41am
Quoting thrax
My friends,

my AUDUSD trade has just been closed.

I entered the trade just before the close of the candle which produced the bullish TDI cross. The price tested the Fib 38.2 of the previous week's and as the price was above ema(200) and MBL also above 50 I considered it as valid entry.
I set TP1 quite close just below the Fib 78.6 and and the next BRN of 1.05000. After that I set the trade to BE and TP2 just below Fib 127 and let an EA to manage the position with TS. TP2 was hit and the TS has been also activated.
TP1 was only 18 pips, TP2...
Congratulations on that beautiful tradee.

I have one question about the graph though. DO you draw your channel manualy?
  • #9,757
  • Jan 11, 2013 8:41am Jan 11, 2013 8:41am
Quoting Phx62
WOW....WHAT A DAY.......Dee.....Could you get a bigger bucket for that loader?
This is the biggest I have got.
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Cut your Losers short and let your Winners run.
  • #9,758
  • Jan 11, 2013 9:36am Jan 11, 2013 9:36am
Quoting IvanNC
Congratulations on that beautiful tradee.

I have one question about the graph though. DO you draw your channel manualy?
Thanks! The channel i the Sonic SHI Channel MTF set to D TF.

I share a USDCAD H4 trade:

Price was below EMA(200), bearish TDI cross occurred below MBL ad below 50 level. As price was previously tested the previous wek's Fib 38.2 I considered this seignal valid. I set my SL just above previuos week's Fib. 61.8. My TP1(15 pips) was just above the latest lows and TP2 (27 pips) was set just below previous week's low.

That is all I had this week, not to compare to dee50, Phx62 or X-Man, but so I have my idols.

take care,
thrax
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  • #9,759
  • Jan 11, 2013 12:03pm Jan 11, 2013 12:03pm
Hi guys,

This is my first post, although I've been trading TMS and S3 principles for some time.

I'd like to thank X-Man and all the fellow contributors who keep this thread going, for all their hard work in helping us succeed. I'd like to express my special gratitude to Phx62 for his INVALUABLE charts and advice, that's helped me improve my skills tremendously.

I'll try to contribute to this thread whenever I have time so that we keep Big E's legacy going.

Two trades for today:

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Enter on momentum and a TDI cross on the first candle. A bit late, but waited for it to clear an H4 resistance. Exit at +50, after it came back 15 pips.


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Candle color change + Momentum + TDI cross and a nice double bottom. A bit late as well, but let it clear the range first. Exit +80 after it came back 20 pips.

Have a great weekend everyone !
  • #9,760
  • Jan 11, 2013 12:55pm Jan 11, 2013 12:55pm
Quoting dee50
This is the biggest I have got.
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