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  • #10,041
  • Jan 29, 2013 6:38am Jan 29, 2013 6:38am
thanks phx62 i study your post evry days and thanks because it very good this system
  • #10,042
  • Jan 29, 2013 6:42am Jan 29, 2013 6:42am
Quoting thomi
hello emmanuel and all,
Is this a good sell signal on H4 ? with bearish divergence ?
well I am counting on 1.3470 as top resistance also supply zone.
my entry 1.34403, took 20pips and leave remaining position to run.
Look for scaling-in when trend runs.
Let market decide.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,043
  • Jan 29, 2013 6:54am Jan 29, 2013 6:54am
Quoting gigicualex
Did anyone took this short signal on 1H Tf EUR/USD?

I've entered the trade at 1.3422 on the last red candle from the above picture. PA broke the yesterday low and made a new LL in comparation with the LO. TDI cross, good slope. Yellow MBL above 50 but slopping down.
SL LO high TP 50 pips (around the 200EMA)
Currently the trade is moving against me but I'm being patient


Any ideas?

Thanks
One day we will reach those highs and be able to trade very well, the more we back test the more logical our thinking and the probability of a trading working out, it takes time and patience but eventually we will be good traders, hang in there, you are doing great , sorry that I cant answer your questions though

I entered short EUR/JPY and it went in my way almost 35 pips, did not exit with a strong pullback candle, I eventually closed the trade with - 6 pips
I Have Learned to Take Some Losses to Make Profits
  • #10,044
  • Jan 29, 2013 8:16am Jan 29, 2013 8:16am
well thank you Emmanuel,so you take 20 pips on a part of the position and let you jog the rest? Otherwise what goal for the remainder of the position? What made you to go out, trailing stop,Target, UT signal contrary to smallest?
  • #10,045
  • Jan 29, 2013 8:18am Jan 29, 2013 8:18am
Quoting davson90
good signal with TDI SL 50 TP50 enjoy
Congrats on these trades, if you have time , post your chart as possible with reasoning for entry and exit, also how did you manage the trades during processing is very important, since a lot of market psychology takes place,

I would like to ask you about Round Number you use, is this an indicator, you you just simply draw those lines manually?

Thanks and wishing you a green road
I Have Learned to Take Some Losses to Make Profits
  • #10,046
  • Jan 29, 2013 8:28am Jan 29, 2013 8:28am
Quoting TheScorpS
Congrats on these trades, if you have time , post your chart as possible with reasoning for entry and exit, also how did you manage the trades during processing is very important, since a lot of market psychology takes place,

I would like to ask you about Round Number you use, is this an indicator, you you just simply draw those lines manually?

Thanks and wishing you a green road
round number is very important dynamic Areas of S&R if you want you can use fibonacci retracement 38.2%;50%;61%
you must learn Price action
Attached File(s)
File Type: ex4 RoundNumbers.ex4   5 KB | 376 downloads
  • #10,047
  • Jan 29, 2013 8:31am Jan 29, 2013 8:31am
my skype id is kehbson i will post my statement today with this method SSM3 by X-man phx66 thanks guys
  • #10,048
  • Jan 29, 2013 8:40am Jan 29, 2013 8:40am
eurusd , euraud , eurjpy good more 30 pips each pairs
Attached Image (click to enlarge)
Click to Enlarge Name: TDI signal 2.jpg Size: 146 KB
  • #10,049
  • Jan 29, 2013 8:45am Jan 29, 2013 8:45am
this how i look signal with TDi and other
Attached Image (click to enlarge)
Click to Enlarge Name: TDI signal 3.jpg Size: 138 KB
  • #10,050
  • Jan 29, 2013 8:57am Jan 29, 2013 8:57am
eurjpy hit my tp +50 pips today +100 pips on eurjpy
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy close.jpg Size: 128 KB
  • #10,051
  • Jan 29, 2013 9:15am Jan 29, 2013 9:15am
today 8 trade open 2 loss and 6 win enjoy thanks x-man phx66 for all
  • #10,052
  • Jan 29, 2013 9:31am Jan 29, 2013 9:31am
Quoting arasheed
I am doubtful. downside may be a small correction,because bias is Upside IMHO.

arasheed
EU is up now at 1.3491 and is still going up after US Data.

arasheed
  • #10,053
  • Jan 29, 2013 9:42am Jan 29, 2013 9:42am
Quoting davson90
round number is very important dynamic Areas of S&R if you want you can use fibonacci retracement 38.2%;50%;61%
you must learn Price action
Thanks a lot, yes I concentrate on pure price action which is really what matters
I Have Learned to Take Some Losses to Make Profits
  • #10,054
  • Jan 29, 2013 10:44am Jan 29, 2013 10:44am
Hello ...
Can someone pls post the TDI indi with the blue band pls?
I went through first 20 odd pages of the thread but couldn't find it.
Also, I see some people use the TDI without the blue band. Is it not a must then?
Thank you ....
  • #10,055
  • Jan 29, 2013 11:14am Jan 29, 2013 11:14am
Quoting Anu_
Hello ...
Can someone pls post the TDI indi with the blue band pls?
I went through first 20 odd pages of the thread but couldn't find it.
Also, I see some people use the TDI without the blue band. Is it not a must then?
Thank you ....

try look in the indicator properties
Attached Image (click to enlarge)
Click to Enlarge Name: TDI properties colours .png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,056
  • Jan 29, 2013 11:46am Jan 29, 2013 11:46am
For those who were not sure wether they should take the 2 trades on EUR/USD a look at the 15 min would have provided confirmation.

1st Trade short. Double Top with divergence and big Pin Bar off resistance. Good for +30 pips.

2nd Trade Long. Divergence at 50% fibo and support followed by 123 confirmed the reversal. Good for +50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 29 01 15m.png Size: 38 KB
Cut your Losers short and let your Winners run.
  • #10,057
  • Jan 29, 2013 11:50am Jan 29, 2013 11:50am
Another clue on the 4 hr what to expect. Previous Target for the Pennant had not yet been reached, still has not. Then a Bull flag. The market gives clues, you just need to find them. Elementary dear watson
Attached Image (click to enlarge)
Click to Enlarge Name: 29 01 Bull Flag.png Size: 22 KB
Cut your Losers short and let your Winners run.
  • #10,058
  • Jan 29, 2013 7:15pm Jan 29, 2013 7:15pm
Quoting dee50
For those who were not sure wether they should take the 2 trades on EUR/USD a look at the 15 min would have provided confirmation.

1st Trade short. Double Top with divergence and big Pin Bar off resistance. Good for +30 pips.

2nd Trade Long. Divergence at 50% fibo and support followed by 123 confirmed the reversal. Good for +50 pips
http://www.forexfactory.com/attachme...1&d=1359481294

I LIKE
good stuff I learned everyday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,059
  • Jan 29, 2013 7:19pm Jan 29, 2013 7:19pm
Quoting dee50
Another clue on the 4 hr what to expect. Previous Target for the Pennant had not yet been reached, still has not. Then a Bull flag. The market gives clues, you just need to find them. Elementary dear watson
http://www.forexfactory.com/attachme...1&d=1359481804

I LIKE
yet more good stuff I learn ...
trading can be a lonely business, but when we have thread like this, it makes my business much more worthwhile and fun to learn along with many like-minded traders here sharing their immense knowledge and experience. This boost my confidence too.

If this don't shorten your learning curve, then I don't know what other ways there are in FF.

Trade Well folks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,060
  • Edited 8:25pm Jan 29, 2013 7:34pm | Edited 8:25pm
Quoting thomi
well thank you Emmanuel,so you take 20 pips on a part of the position and let you jog the rest? Otherwise what goal for the remainder of the position? What made you to go out, trailing stop,Target, UT signal contrary to smallest?
Hi thomi,

sorry that I missed this post and question last night.

I took this trade using the H4 swing. It was an early entry taken on lower TF M15 therefore expose to more risks. My initial SL was -40pips above the last swing high. I use position sizing.
I use multiple lots entry in this case. The first 20pips exit is scaling-out and the profit will help mitigate the SL of the remaining positions.
If the trend run in my faviour, I will move and protect remaining positions and also scale-in more positions with booked-in profits.
The initial risk 'R' remains the same.

This is a money management game and we must build MM into a system using this simple S3 method.

Anyway this trade got stopped out when NYO and the damage is minimal helped by the first 20pips profits.

Hope this explains.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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