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  • #9,901
  • Jan 18, 2013 1:27am Jan 18, 2013 1:27am
Today trade, all base on TDI cross & Yesterday H - L

EU +22
GJ +40
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  • #9,902
  • Jan 18, 2013 1:49am Jan 18, 2013 1:49am
Quoting Pervis
Today trade, all base on TDI cross & Yesterday H - L

EU +22
GJ +40
Almost entered the same trade EU as yours, exit with +7 pips

In terms of Price Action, is the price making a Higher Low before corrects its path and makes a Higher High?
I Have Learned to Take Some Losses to Make Profits
  • #9,903
  • Jan 18, 2013 2:01am Jan 18, 2013 2:01am
Quoting TheScorpS
Almost entered the same trade EU as yours, exit with +7 pips

In terms of Price Action, is the price making a Higher Low before corrects its path and makes a Higher High?
Hi TheScorpS,

Regarding to your words. I'm waiting at 50% Fibonacci and see what happen in there for setup, maybe Tuesday in next week, potential go long.
  • #9,904
  • Edited 2:42am Jan 18, 2013 2:01am | Edited 2:42am
Closed with +50 pips

now seems another signal on eur/jpy I will enter long. It rejected the 32 fib lebel and first Blue candle appeared. Also clear tdi cross, green crossing back the bollinger bands , stoch cross aswell


UPDATE Exited with -20 pips ...seems that the S&R at 120 holds now and TDI cross was a fake signal.
Anyone else have other ideea why my trade went wrong?
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  • #9,905
  • Jan 18, 2013 2:16am Jan 18, 2013 2:16am
Quoting gigicualex
guys have you also entered short on eur/jpy now at 120.26?
I entered based on rejection of yesterday high which acted as a S&R , tdi cross(green below red and MBL). TP will be around 119.30 where there is a conflunece of 32 Fib level (drawn from yesterday low high) and 200 EMA.

Any opinion will be most apreciated.

Thanks
Hi I took the same trade on M15... see picture done for +56 pips it could be 80 but I moved very soon my STP. Anyway this sytem rocks just need to backtest more for me to learn as much as possible. Thanks for this thread to author an all the contributors.
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  • #9,906
  • Jan 18, 2013 2:24am Jan 18, 2013 2:24am
Quoting teapeak
Hi I took the same trade on M15... see picture done for +56 pips it could be 80 but I moved very soon my STP. Anyway this sytem rocks just need to backtest more for me to learn as much as possible. Thanks for this thread to author an all the contributors.
Congrats

It would be nice if more people would post live their trades(especially the veterans), so people with less experience like us will gain confidence in themselves and in this system.

It doesn't take to much time to to say "LONG/Short SL xx Tp xx and 2 main reasons"

Cheers and good luck to you all
  • #9,907
  • Edited 2:56am Jan 18, 2013 2:31am | Edited 2:56am
Quoting gigicualex
Congrats

It would be nice if more people would post live their trades(especially the veterans), so people with less experience like us will gain confidence in themselves and in this system.

It doesn't take to much time to to say "LONG/Short SL xx Tp xx and 2 main reasons"

Cheers and good luck to you all
Congrats also to you. I fully agree with you regarding posting trades to learn more and thanks to all who posting but mainly X-Man, Dee and Phx for their effort our trading could be better.
  • #9,908
  • Jan 18, 2013 2:46am Jan 18, 2013 2:46am
Hi,

I share my EURJPY H4 trade. After a bullish TDI cross and as price was above EMA(200) and price bouncing off from previous week's Fib 50% and 61.8% and space above I entered long. TP1 was 86 pips, just below RN 118.500 and I let the trade develop. Yesterday I closed a 2nd portion at 272 pips profit and let the rest with a TS which was hit with 228 pips.

take care,
thrax
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  • #9,909
  • Edited 7:59am Jan 18, 2013 7:45am | Edited 7:59am
Quoting TheScorpS
I entered short on the retracement, got stopped out with -13 pips, why would you guys avoid this entry?

I think the price was making a Higher Low before it continues and makes a Higher High

Was the pattern I draw on the chart correct? ABCD?
Yes. Although because of the strong area of resistance above PA only went to the 61.8% Expansion. Should you have gone short. No Way. PA did not give you any reasons to go short. Today was a different story. You had to go short today. All the boxes had ticks. Strong S&R level, Divergence from Overbought, 123 at prior support, Top of a Range. Prior candles Dojis. Chart 2 shows potential TPs.

This is all hindsight as I was not here to trade, so this is the easy way.
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Cut your Losers short and let your Winners run.
  • #9,910
  • Jan 18, 2013 8:05am Jan 18, 2013 8:05am
Quoting gigicualex
Congrats

It would be nice if more people would post live their trades(especially the veterans), so people with less experience like us will gain confidence in themselves and in this system.

It doesn't take to much time to to say "LONG/Short SL xx Tp xx and 2 main reasons"
Lets see. 1 Full contract @10$ per pip. Typical TP for veteran trader approx 50 pips = 500$. per day. Would you like me to gift wrap that for you, sir?
Cut your Losers short and let your Winners run.
  • #9,911
  • Edited 8:42am Jan 18, 2013 8:12am | Edited 8:42am
Quoting dee50
Lets see. 1 Full contract @10$ per pip. Typical TP for veteran trader approx 50 pips = 500$. per day. Would you like me to gift wrap that for you, sir?
Shell I give you my address ...Just jocking Dee.
If you don't mind could you please let me know why you didn't exit at that double bottom 1H TF(.334), when the PA touched the 200EMA?
At that point the PA looked like it'll reverse, also the doji appeared


Thanks in advanced for your answer.

Have a nice weekend
  • #9,912
  • Jan 18, 2013 9:13am Jan 18, 2013 9:13am
Quote
t would be nice if more people would post live their trades(especially the veterans), so people with less experience like us will gain confidence in themselves and in this system.

It doesn't take to much time to to say "LONG/Short SL xx Tp xx and 2 main reasons"

Don't want to be a d*** but I have something to say.
Yeah,it doesn't take too much time to put their trades here but I don't think it will help you that much. If you invest some of your time to read their ( the veterans) post again and again,understand it and you will have a lot of information already. And if they post their live trades here,those newcomers,newbies and learners will get lazy and depend too much on it. They will not do their homework and learn the PA,analyze those charts by themselves and leave it to the pros. In any case,I think history charts with information and reasons are good enough to learn.

And the people with less experience will gain confidence in this system and themselves by looking at the pros live trades? I don't think so. If you can't trust the system,it's because you don't have a right mind-set to trade this system,you don't understand the system or just too lazy to do the homework yourself (backtesting). And if you can't trust yourself? It's the same,you don't have enough knowledge about the system,about PA,S&R to know what is happening in the market at that time.

As the title,X-Man's Super Simple System. Yeah,as I understand this system,it's really simple but you still need the basic knowledge to execute the trade with full confidence. And don't misunderstand,I just want to tell about my opinion.I don't want to start a war about this thing or something. Have a great weekend.
  • #9,913
  • Jan 18, 2013 8:33pm Jan 18, 2013 8:33pm
Quoting frenetic
Don't want to be a d*** but I have something to say.
Yeah,it doesn't take too much time to put their trades here but I don't think it will help you that much. If you invest some of your time to read their ( the veterans) post again and again,understand it and you will have a lot of information already. And if they post their live trades here,those newcomers,newbies and learners will get lazy and depend too much on it. They will not do their homework and learn the PA,analyze those charts by themselves and leave it to the pros. In any case,I think...
Spot on !!
Well said , we get great help on this thread from very skilled traders -- lets not dissapoint them by being unappreciative of their very remarkable efforts on our behalf .
  • #9,914
  • Jan 19, 2013 12:56am Jan 19, 2013 12:56am
Quoting dee50
Yes. Although because of the strong area of resistance above PA only went to the 61.8% Expansion. Should you have gone short. No Way. PA did not give you any reasons to go short. Today was a different story. You had to go short today. All the boxes had ticks. Strong S&R level, Divergence from Overbought, 123 at prior support, Top of a Range. Prior candles Dojis. Chart 2 shows potential TPs.

This is all hindsight as I was not here to trade, so this is the easy way.
Thanks Dee, your explanation clear the point for me, I am going through a lot at the beginning of trading Forex, actulay this is what I'm looking forward to understand, how to read Price Action and have the reasons to enter a trade, especially when its countertrend entry
I Have Learned to Take Some Losses to Make Profits
  • #9,915
  • Jan 19, 2013 4:07am Jan 19, 2013 4:07am
Quoting gigicualex
If you don't mind could you please let me know why you didn't exit at that double bottom 1H TF(.334), when the PA touched the 200EMA?
Simple answers on the chart.
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Cut your Losers short and let your Winners run.
  • #9,916
  • Edited 4:22am Jan 19, 2013 4:11am | Edited 4:22am
A little post mortem of E/U PA based on the 15 min chart around the 1.3340, 123 area. Something for the 123 traders to be aware of, this sort of thing can and does happen often. You have a bounce off Minor Support a Breakout thru the 200 ema and 1.3350 and 38% Fib. then a pullback to the 200 ema followed by a continuation Long. This gives you Breakout Pullback Continuation BPC. In this instance it was part of a HTF 123 reversal short so was less likely to be real, however, there are many scalpers who would scalp this sort of PA for 10 - 20 pips hoping to wrong side the short 123 traders.
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Cut your Losers short and let your Winners run.
  • #9,917
  • Jan 20, 2013 5:47am Jan 20, 2013 5:47am
I have just finished reading the attached PDF. I am astounded that the Author Clay Ferrell did not get it published, he would have sold thousands of copies. The title " The simple Dance M15" does not give you any real clues as to its content, it is about the Dance Trading Method a simple method using only moving averages. I now know where some of the other "simple" threads got their ideas from. Anyway, the reason I am posting this is that it is one of the best Trading books I have read, ignore the Dance Method if you want to although knowing how to use it would not hurt your trading in anyway, and we allready incorporate many of the concepts in the TDI method, read it for his explanation of Price Action trading using S&R Levels and Moving Averages, PA Patterns, Money Management and Refining Entries just to mention a few.



Please, after you have read it do not ask questions about the method on this thread, there is an active thread here on FF for the Dance Method.
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File Type: rar The Simple Dance M15.rar   2.9 MB | 1,045 downloads
Cut your Losers short and let your Winners run.
  • #9,918
  • Jan 20, 2013 2:21pm Jan 20, 2013 2:21pm
Quoting dee50
I have just finished reading the attached PDF. I am astounded that the Author Clay Ferrell did not get it published, he would have sold thousands of copies. The title " The simple Dance M15" does not give you any real clues as to its content, it is about the Dance Trading Method a simple method using only moving averages. I now know where some of the other "simple" threads got their ideas from. Anyway, the reason I am posting this is that it is one of the best Trading books I have read, ignore the Dance Method if you want to although knowing...
Hi Dee,

Thanks for the literature.

Ronin
  • #9,919
  • Jan 21, 2013 9:50am Jan 21, 2013 9:50am
Quoting dee50
Simple answers on the chart.
Thanks Dee for your explanation
  • #9,920
  • Jan 22, 2013 7:10am Jan 22, 2013 7:10am
+40pips +32pips. Any one get these two trades, both 123 entries 0n 15min chart 1st trade TDI confirmed. 2nd trade TDI bounce + Hidden Divergence on stochs
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Cut your Losers short and let your Winners run.
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