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  • #15,921
  • Mar 8, 2013 6:31am Mar 8, 2013 6:31am
Ok,

On the eur/usd dollar trade I'am down = $80.00
On the gbp/usd dollar trade I'am down = $270.00
Total loss = $350.00

Did I tell you that I hate losses!

Looking at the charts (right now ) I still think the
monthly, weekly, daily, and 4 hour chart trend is down.
The 1 hour chart is starting to sell-off.

But the TDI looks like it was a bounce trade
(green hit the red line and bounced up).
So the tdi is now out of place, not where I would like it to be.

So I have a choice to make at this time!

Since it looks like it's going to roll over (50/50 chance) I think
I'am going to keep it and go back to bed

Hope this helps someone (that's my thinking at 5:00 a.m. in
the morning and I'am still half asleep) Goodnight...

snarlyjack
  • #15,922
  • Mar 8, 2013 6:57am Mar 8, 2013 6:57am
Quoting emmanuel7788
Hi Nelly,

attached is s simple explanation what I meant by R and R-Multiple trade management.

This is NZDUSD , I missed the entry and today I am not trading, just went out to watch the waves.

Cheers!
Hi emmanuel im having some issues with setting TP.
So if you take your profit off at different R:R while in the trade, How many postions do you open???
The risk remains same but posiotion size differs right??
I have seen your post about GBPAUD trade , how many posiitons did you open??
  • #15,923
  • Mar 8, 2013 7:58am Mar 8, 2013 7:58am
Quoting Jackub
Is it a good plan for next week , to wait for break, up or down and take position after pullback... does it work this way??
after news from USA, is not anymore any plan....
JacekPreserve Precious Capital
  • #15,924
  • Mar 8, 2013 8:43am Mar 8, 2013 8:43am
Quoting snarlyjack
Ok,

On the eur/usd dollar trade I'am down = $80.00
On the gbp/usd dollar trade I'am down = $270.00
Total loss = $350.00

Did I tell you that I hate losses!

Looking at the charts (right now ) I still think the
monthly, weekly, daily, and 4 hour chart trend is down.
The 1 hour chart is starting to sell-off.

But the TDI looks like it was a bounce trade
(green hit the red line and bounced up).
So the tdi is now out of place, not where I would like it to be.

So I have a choice to make at this time!

Since it looks like it's going to roll over...

So Everything just moved in your direction and opposite to my direction .. best wishes.
  • #15,925
  • Mar 8, 2013 9:24am Mar 8, 2013 9:24am
Quoting snarlyjack
Ok,

On the eur/usd dollar trade I'am down = $80.00
On the gbp/usd dollar trade I'am down = $270.00
Total loss = $350.00

Did I tell you that I hate losses!

Looking at the charts (right now ) I still think the
monthly, weekly, daily, and 4 hour chart trend is down.
The 1 hour chart is starting to sell-off.

But the TDI looks like it was a bounce trade
(green hit the red line and bounced up).
So the tdi is now out of place, not where I would like it to be.

So I have a choice to make at this time!



Since it looks like...

Excellent! Snarlyjack. So now todayfriday after NFP, until when you will not trade? Can we know when next you will trade to look at your chart and position please?
Thanks a bunch sir.
  • #15,926
  • Mar 8, 2013 9:28am Mar 8, 2013 9:28am
Quoting snarlyjack
Ok,

On the eur/usd dollar trade I'am down = $80.00
On the gbp/usd dollar trade I'am down = $270.00
Total loss = $350.00

Did I tell you that I hate losses!

Looking at the charts (right now ) I still think the
monthly, weekly, daily, and 4 hour chart trend is down.
The 1 hour chart is starting to sell-off.

But the TDI looks like it was a bounce trade
(green hit the red line and bounced up).
So the tdi is now out of place, not where I would like it to be.

So I have a choice to make at this time!

Since it looks like it's going to roll over...
Excellent Snaryjack , you gut feeling is Superb , I bet that when you wake up in the morning your face would be like "forever alone"
  • #15,927
  • Mar 8, 2013 9:29am Mar 8, 2013 9:29am
Hi guys, any senior can advise if this is a good setup for shorting ej.. or I entered short too early
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  • #15,928
  • Mar 8, 2013 9:33am Mar 8, 2013 9:33am
newbie pure luck,
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JacekPreserve Precious Capital
  • #15,929
  • Mar 8, 2013 10:34am Mar 8, 2013 10:34am
Ok...It's 9:30 a.m. Montana time and I just closed out my trades.

Wow was I lucky or what!!!

The eur/usd in profit = 113 pips or $1,130.
The gbp/usd in profit = 78 pips or $ 780.
Total profit for the night = $1,910.00

I think I deserve steak and eggs for breakfast.

The whole trade (the good, the bad and the ugly) was posted for you to see!!!

I hope this helped someone... Was I lucky or what!!!

snarlyjack
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  • #15,930
  • Mar 8, 2013 10:50am Mar 8, 2013 10:50am
Indulge me a little bit here but I have to gloat...
It puts a smile on my face and a skip in my step...

Last week I made $5,000 and this week I made $1900.
for a total of $6,900. using this system. As long as the
money poors into my bank, I think the system works
as Eelfranz (Big E) initially set it up. I'am a believer.
The proof is in the pudding...

I really hope watching this trade and reading these posts helps someone!!!

snarlyjack
  • #15,931
  • Mar 8, 2013 11:00am Mar 8, 2013 11:00am
Quoting snarlyjack
Indulge me a little bit here but I have to gloat...
It puts a smile on my face and a skip in my step...

Last week I made $5,000 and this week I made $1900.
for a total of $6,900. using this system. As long as the
money poors into my bank, I think the system works
as Eelfranz (Big E) initially set it up. I'am a believer.
The proof is in the pudding...

I really hope watching this trade and reading these posts helps someone!!!

snarlyjack
How much are you risking per trade?

There are many false entries with this system... but when resistance and support is well analysed while avoiding news hours it works well.
  • #15,932
  • Mar 8, 2013 11:01am Mar 8, 2013 11:01am
I wonder if someone made a good EA based on TDI strongly.
  • #15,933
  • Mar 8, 2013 11:07am Mar 8, 2013 11:07am
Quoting teofil00
I wonder if someone made a good EA based on TDI strongly.
check post #768 ...
JacekPreserve Precious Capital
  • #15,934
  • Mar 8, 2013 11:18am Mar 8, 2013 11:18am
Teofiloo,

Usually I trade 1 standard contract.
Last night (just because how it looked) I traded 2 standard contracts.
And it worked out good. But like I said I normally only trade
1 standard contract.

I'am not the best at money management. I just trade 1 contract
(normally) with a emergency stop loss just in case. It works for me...
A person should really figure out what their risk is! But their are
more qualified people here at (FF) than me to explain how to do it.
I'am just a simple trader...

snarlyjack
  • #15,935
  • Mar 8, 2013 4:09pm Mar 8, 2013 4:09pm
Hi folks

A quick introduction if I may.

I've been trading for a year or so (stocks, commodities as well as forex). Had good success and managed to get my account into healthy profit - and then... the usual story, over traded, revenge traded, looked for signals that weren't there etc. and came v close to blowing the account. So, I closed all trades out and reviewed (myself more than anything)

I stumbled across TMS while reading Trading in the Zone and determined to focus on longer TFs and learn to become a consistent trader with one system and not the heart in the mouth cowboy trader I had become.

So I've been watching this thread for a week or so and getting to know the system.

Have had mixed success so far this week, but losses mainly due to getting used to the signals etc. As well as working out time-zones (that was harder than I thought!!). Caught the EUR/USD move today so recovered the losses and more. So finished the week better than I thought it was going to be.

For those saying they caught that move and it was luck - I'm not so sure. It's funny how lucky you can get when you follow the rules!! Surely you traded the signal and the market did what the signal was suggesting - (of cause it could have gone the other way -anything can happen) - but the edge just gives you higher probability (amazing how often the signals indicate what the market is going to do - but then that's the point of them isn't it?). I traded the signal but knew the news was coming so tightened the stop and it let it go. Luck? Maybe or a system and disciple that puts lick a little more on your side.

Gee - this was just gonna be a 'Hi how you doing?' first post. Sorry...
  • #15,936
  • Mar 8, 2013 4:19pm Mar 8, 2013 4:19pm
hello friends I got this chart at the end of today i. e. friday march 8th. Daily chart. My request is can anyone tell me whether my fibs are correctly drawn n what trades i should consider from this please? Newbee here!
  • #15,937
  • Mar 8, 2013 4:20pm Mar 8, 2013 4:20pm
Quoting behman8850
hello friends I got this chart at the end of today i. e. friday march 8th. Daily chart. My request is can anyone tell me whether my fibs are correctly drawn n what trades i should consider from this please? Newbee here!
Please read the above post.
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  • #15,938
  • Mar 8, 2013 5:08pm Mar 8, 2013 5:08pm
Quoting Empowers
Ooooo hello! South Australian, reporting for duty! And I'm guessing you are too, or NT.
sing out if you are coming to town or feel like a tel connection.
  • #15,939
  • Mar 8, 2013 6:50pm Mar 8, 2013 6:50pm
It's the best strategy I've seen until now
thank u bigE
  • #15,940
  • Mar 8, 2013 7:00pm Mar 8, 2013 7:00pm
this is my trade on eurusd H4

ihope it was correct

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