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  • #9,821
  • Jan 15, 2013 11:08am Jan 15, 2013 11:08am
Quoting jsf
I hope it is demo account
it's real
  • #9,822
  • Jan 15, 2013 11:42am Jan 15, 2013 11:42am
Took one trade today on E/J.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-01-15 at 7.01.27 PM.png Size: 37 KB


Entered on a continuation of the yesterday's strong down movement, on the second candle after a break from the 50 EMA. My TP was 80, but it got to 70 and then went back on me. Allowed it a space of 20 pips but eventually got out at +50.

@T999, based on my own experience, I think the best way to start in this business is by opening a small account with a broker that allows trading micro lots - and trading small for a while, gaining confidence. The advantage of learning by micro-trading is that it has the psychological factor involved - because it's real money on the line (as opposed to demo-trading) and at the same time you don't risk a large amount of money. And, as gmcc pointed before - lower your risk to 1-2% per trade.

Have a great evening everyone !
  • #9,823
  • Jan 15, 2013 11:57am Jan 15, 2013 11:57am
Quoting ashx
Took one trade today on E/J.

Attachment

Entered on a continuation of the yesterday's strong down movement, on the second candle after a break from the 50 EMA. My TP was 80, but it got to 70 and then went back on me. Allowed it a space of 20 pips but eventually got out at +50.

@T999, based on my own experience, I think the best way to start in this business is by opening a small account with a broker that allows trading micro lots - and trading small for a while, gaining confidence. The advantage of learning by micro-trading is that...
nice trade ... mine was opposite of your..
  • #9,824
  • Jan 15, 2013 2:09pm Jan 15, 2013 2:09pm
Quoting gigicualex
I should have positioned the number 2 a little more on the right side of the chart. Maybe that's why it's a little missleading.

Gotcha......thanks gigicualex
  • #9,825
  • Jan 15, 2013 9:28pm Jan 15, 2013 9:28pm
TRADING MADE SIMPLE & S3 TRADES SHOWING THE SIMPLICITY AND ACCURACY OF THE SYSTEM WHEN THERE IS MARKET VOLUME.
During the past 24 hours I did some DEMO trades during the Asian and London sessions (had the day off from work). I traded just using the TDI crosses.....200EMA's and S/R lines for targets or entries.....Lower highs and lower lows to determine continuing trend on the M15 EJ chart. During the 24 hours, I took 9 M15 trades with no losses....1 break even and 8 successful trades for +530 pips (caught some sleep during the NY session). These were actual trades....not just a marked up chart......I did this to see how successful I could be trading the M15 chart and to prove the theory that one can be successful by keeping things simple and following a simple trading plan.....some of these trades were very aggressive and some were not.....even if you were to filter out the aggressive ones you could still make a lot of pips.

(I also took 3 LIVE trades on the H1 EJ, meeting my trade plan criteria for EJ with a high ADR, for +254 pips).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013.1.15 ej m15.jpg Size: 147 KB
Click to Enlarge Name: 2013.1.15 ej h1.gif Size: 52 KB
  • #9,826
  • Jan 15, 2013 10:12pm Jan 15, 2013 10:12pm
Quoting gmcc
Phx62 if you have time to answer and Xman does not mind us discussing Eur/Yen
I notice you have been studying the EJ. I have also just started looking more closely at it since it appears it could be traded at better hours than EU (I'm old, bad heart, very lazy and not too bright and at 2 am it is hard for me to be too alert).
My question, have you noticed any gems, like you stated in one of your earlier posts, that EU normally makes is high or low for the day in the first one or two hours of LO. I have not noticed that trait as prevalent with EJ....
I am in my mid 60's, as well, so I understand your comments about age....I studying EJ, I am finding that when the ADR is high, pips can be make during the Asian and the London sessions.....still much backtesting to do. See the charts I posted earlier today.
Success to you in your trading.......
  • #9,827
  • Jan 15, 2013 10:14pm Jan 15, 2013 10:14pm
Quoting Phx62
TRADING MADE SIMPLE & S3 TRADES SHOWING THE SIMPLICITY AND ACCURACY OF THE SYSTEM WHEN THERE IS MARKET VOLUME.
During the past 24 hours I did some DEMO trades during the Asian and London sessions (had the day off from work). I traded just using the TDI crosses.....200EMA's and S/R lines for targets or entries.....Lower highs and lower lows to determine continuing trend on the M15 EJ chart. During the 24 hours, I took 9 M15 trades with no losses....1 break even and 8 successful trades for +530 pips (caught some sleep during the NY session). These...
Great trades you did yesterday.
Can you pls share me your completed indies, eas and templates you are using on your screenshots?
Thanks in advance !!!
  • #9,828
  • Jan 15, 2013 10:17pm Jan 15, 2013 10:17pm
Quoting T999
Phx62 i need your help i just entered this trade , any comments ?
See the charts I posted today....the trend was obviously down....as a new trader you need to concentrate on taking trades with the trend....if price is making lower lows and lower highs, you need to only take short trades from the lower highs until price starts making higher highs and higher lows...countertrend trading requires understanding market harmonics and the trading psychology behind CT trading.
Good luck to you.....
  • #9,829
  • Jan 16, 2013 2:39am Jan 16, 2013 2:39am
Quoting Phx62
TRADING MADE SIMPLE & S3 TRADES SHOWING THE SIMPLICITY AND ACCURACY OF THE SYSTEM WHEN THERE IS MARKET VOLUME.
During the past 24 hours I did some DEMO trades during the Asian and London sessions (had the day off from work). I traded just using the TDI crosses.....200EMA's and S/R lines for targets or entries.....Lower highs and lower lows to determine continuing trend on the M15 EJ chart. During the 24 hours, I took 9 M15 trades with no losses....1 break even and 8 successful trades for +530 pips (caught some sleep during the NY session). These...
This is superb and simple, Yes its true, keep thinks simple, with experience things will be much easier for us new traders, posting your chart helps me a lot
I Have Learned to Take Some Losses to Make Profits
  • #9,830
  • Jan 16, 2013 3:40am Jan 16, 2013 3:40am
Quoting Phx62
See the charts I posted today....the trend was obviously down....as a new trader you need to concentrate on taking trades with the trend....if price is making lower lows and lower highs, you need to only take short trades from the lower highs until price starts making higher highs and higher lows...countertrend trading requires understanding market harmonics and the trading psychology behind CT trading.
Good luck to you.....
Thanks for info , yeah good that i exited ta trade because now it would be -300 pips..
  • #9,831
  • Jan 16, 2013 3:55am Jan 16, 2013 3:55am
Hi,

I entered yesterday long EU on H1 TF after the bullish TDI cross on the 2nd bullish HA candle. The price was above ema(200) and ema(10), as well. Even then my SL was hit. What was wrong with this entry? I know losses are also part of trading but I want to understand what could have been the problem? The TDI cross was below the TDI MBL which was slightly heading down. I do nond anything else. Any help appreciated!

Phx62, you are amazing!

take care,
thrax
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB
  • #9,832
  • Jan 16, 2013 3:59am Jan 16, 2013 3:59am
Quoting Phx62
TRADING MADE SIMPLE & S3 TRADES SHOWING THE SIMPLICITY AND ACCURACY OF THE SYSTEM WHEN THERE IS MARKET VOLUME.
During the past 24 hours I did some DEMO trades during the Asian and London sessions (had the day off from work). I traded just using the TDI crosses.....200EMA's and S/R lines for targets or entries.....Lower highs and lower lows to determine continuing trend on the M15 EJ chart. During the 24 hours, I took 9 M15 trades with no losses....1 break even and 8 successful trades for +530 pips (caught some sleep during the NY session). These...
Hello

I just want to share a couple of thoughts, i know this is a forex forum but you could be extremely profitable at binary options with that accuracy on the lower TF.
Your trade charts are how I visualize my future, trading from my beach house at night and surfing during the day.
Thank you for showing us the level of consistency that can be attainable with hard work and dedication.
Dragon Rider
  • #9,833
  • Jan 16, 2013 5:22am Jan 16, 2013 5:22am
Thanks for this post , Phx (and all your others of course).

This is the one of the most useful, educational pieces of information I've ever read on FF. So simple,clear and perfectly documented.

If we can't learn from this I don't know what else can help...

rorieu

Quoting Phx62
TRADING MADE SIMPLE & S3 TRADES SHOWING THE SIMPLICITY AND ACCURACY OF THE SYSTEM WHEN THERE IS MARKET VOLUME.
During the past 24 hours I did some DEMO trades during the Asian and London sessions (had the day off from work). I traded just using the TDI crosses.....200EMA's and S/R lines for targets or entries.....Lower highs and lower lows to determine continuing trend on the M15 EJ chart. During the 24 hours, I took 9 M15 trades with no losses....1 break even and 8 successful trades for +530 pips (caught some sleep during the NY session). These...
  • #9,834
  • Jan 16, 2013 5:34am Jan 16, 2013 5:34am
eurusd +20pips , eurjpy +40 gbpusd +20 thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd setup ok.jpg Size: 102 KB
Click to Enlarge Name: eurjpy setup ok.jpg Size: 102 KB
Click to Enlarge Name: eurusd setup ok.jpg Size: 96 KB
  • #9,835
  • Jan 16, 2013 5:54am Jan 16, 2013 5:54am
Quoting Phx62
TRADING MADE SIMPLE & S3 TRADES SHOWING THE SIMPLICITY AND ACCURACY OF THE SYSTEM WHEN THERE IS MARKET VOLUME.
During the past 24 hours I did some DEMO trades during the Asian and London sessions (had the day off from work). I traded just using the TDI crosses.....200EMA's and S/R lines for targets or entries.....Lower highs and lower lows to determine continuing trend on the M15 EJ chart. During the 24 hours, I took 9 M15 trades with no losses....1 break even and 8 successful trades for +530 pips (caught some sleep during the NY session). These...
Good charts Phx, but in my limited experience with TDI, buying/selling every cross will leave you with a blown account fairly quickly. Is there some criteria for these trades your taking that I'm missing? Or are you truly just buying/selling every cross of the tdi?
What is any ocean but a multitude of drops?
  • #9,836
  • Jan 16, 2013 7:00am Jan 16, 2013 7:00am
[quote=Phx62;6367993]I am in my mid 60's, as well, so I understand your comments about age..../quote]I think we should rename this thread as the SAGA thread (English organisation for the over 50s) as I am late 50s and retired.
Cut your Losers short and let your Winners run.
  • #9,837
  • Jan 16, 2013 7:07am Jan 16, 2013 7:07am
[quote=dee50;6369179]
Quoting Phx62
I am in my mid 60's, as well, so I understand your comments about age..../quote]I think we should rename this thread as the SAGA thread (English organisation for the over 50s) as I am late 50s and retired.
I'm 19
  • #9,838
  • Jan 16, 2013 7:18am Jan 16, 2013 7:18am
[quote=dee50;6369179]
Quoting Phx62
I am in my mid 60's, as well, so I understand your comments about age..../quote]I think we should rename this thread as the SAGA thread (English organisation for the over 50s) as I am late 50s and retired.
I turned 57 yesterday...
  • #9,839
  • Jan 16, 2013 7:23am Jan 16, 2013 7:23am
Quoting Xhale12
Good charts Phx, but in my limited experience with TDI, buying/selling every cross will leave you with a blown account fairly quickly. Is there some criteria for these trades your taking that I'm missing? Or are you truly just buying/selling every cross of the tdi?
I did a similar exercise sometime ago on the eurusd and came to the same conclusion as PHx62. There is a post with a chart for the hourly some where. Some one then made the same comments as you. Naturally once you have learnt to trade it is difficult to turn off the knowledge so when doing an exercise like this it is difficult to trade like a trading zombie, but, this does show that with a little trading knowledge it is possible to trade the TDI in its simplest interpretation.

Found the post. http://www.forexfactory.com/showthre...35#post6159435


And the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 231 pips.png Size: 44 KB
Cut your Losers short and let your Winners run.
  • #9,840
  • Jan 16, 2013 7:30am Jan 16, 2013 7:30am
Quoting davson90
eurusd +20pips , eurjpy +40 gbpusd +20 thanks
Well done. Could you explain your reasons for taking the trades, just briefly, for the benefit of others. Thanks.
Cut your Losers short and let your Winners run.
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