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Trading Made Simple

  • #16,061
  • Mar 12, 2013 5:37am Mar 12, 2013 5:37am
Quoting emmanuel7788
thanks Jim.
Post some charts to go along. That will mean more for folks here learning to trade.

Trade Well.
Ok emmanuel, will do that the next time round.
  • #16,062
  • Mar 12, 2013 6:27am Mar 12, 2013 6:27am
Quoting Empowers
So here is what I've been doing on my demo account lately.
Quoting Empowers

Before the London open every day, I check my 7 pairs and I aggressively place trades on all the TDI crosses.
Quoting Empowers
Okie dokie everyone, hello my name is Tom.
Quoting Empowers
I started studying Forex in December and worked my way through BabyPips, then came here because this is my favourite forum and signed up.
Quoting Empowers
I'm not risking 4 times less per trade than you, my risk management can easily handle 4 open trades. It's simply diversifying between currencies, rather than placing 4 lots on one currency, that doesn't increase risk, as long as the pairs aren't correlated strongly it's actually got somewhat of a decrease in risk.
Everything is so simple and safe, when you trade DEMO, isn't it? Especially after three months's studying and the BabyPips...

Let's talk about the correlation and the risk management AFTER you blow up a couple of accounts, OK? And if you're going to trade your REAL accounts this way, you will blow them up, I guarantee that!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,063
  • Mar 12, 2013 6:46am Mar 12, 2013 6:46am
Hey guys good morning! I was wondering:
I have A set up on the 4h and everything is looking good - provided that on the 1h: the Stoch is showing the opposite? would you enter that trade?
I did, going to see where it's going:
Attached Image (click to enlarge)
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  • #16,064
  • Mar 12, 2013 6:46am Mar 12, 2013 6:46am
http://charts.mql5.com/1/137/usdjpys...ad-trading.png

Hi All,

Thanks for your help yesterday getting the TDI working.

After doing a couple of observations last night and them coming out ok I have just entered this trade.

Please could you give me some feedback as to weather this is a good trade or not?

Many thanks

Adam
  • #16,065
  • Mar 12, 2013 6:51am Mar 12, 2013 6:51am
Quoting Davidyel
Hey guys good morning! I was wondering:
I have A set up on the 4h and everything is looking good - provided that on the 1h: the Stoch is showing the opposite? would you enter that trade?
I did, going to see where it's going:
Hi David,

well done!
that H4 setup looks good.
TDI cross and HA close above 5EMA. Stock confirm.
Now you must manage well.
If PA HA move strong above 1.0285 we may have runner for this week.
Do not forget to look at FF calendar for key news/economiic data releases.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,066
  • Mar 12, 2013 7:04am Mar 12, 2013 7:04am
Quoting Davidyel
Hey guys good morning! I was wondering:
I have A set up on the 4h and everything is looking good - provided that on the 1h: the Stoch is showing the opposite? would you enter that trade?
I did, going to see where it's going:
hi.this how it look on the 1 hour chart a bounce trade.
Attached Image (click to enlarge)
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  • #16,067
  • Mar 12, 2013 7:09am Mar 12, 2013 7:09am
Quoting redfan
hi.this how it look on the 1 hour chart a bounce trade.

what is a H1 boune trade?
are you referring to the TDI green line bounce off the Red or something else.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,068
  • Edited 7:31am Mar 12, 2013 7:17am | Edited 7:31am
Quoting emmanuel7788
Hi David,

well done!
that H4 setup looks good.
TDI cross and HA close above 5EMA. Stock confirm.
Now you must manage well.
If PA HA move strong above 1.0285 we may have runner for this week.
Do not forget to look at FF calendar for key news/economiic data releases.

Trade Well!
Thanks great trading week everyone :]
I guess I have to wait on this one 1 more blue candle to make it right

Ahhh it hit my SL :<
  • #16,069
  • Mar 12, 2013 7:20am Mar 12, 2013 7:20am
Quoting emmanuel7788
what is a H1 boune trade?
are you referring to the TDI green line bounce off the Red or something else.

TDI green line bounce off the Red.is a bounces trade.
put stochastics is over the 80 line and will turn ,i would not take this trade,
  • #16,070
  • Mar 12, 2013 7:24am Mar 12, 2013 7:24am
Quoting redfan
TDI green line bounce off the Red.is a bounces trade.
put stochastics is over the 80 line and will turn ,i would not take this trade,
ok, thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,071
  • Mar 12, 2013 7:29am Mar 12, 2013 7:29am
Quoting emmanuel7788
ok, thanks.
this look like the time to sell
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  • #16,072
  • Mar 12, 2013 7:45am Mar 12, 2013 7:45am
Divergency, didn't offered to much this time...
Jacek
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JacekPreserve Precious Capital
  • #16,073
  • Mar 12, 2013 7:52am Mar 12, 2013 7:52am
Another possible setup in the coming 4H bar.

Attachment
  • #16,074
  • Mar 12, 2013 7:53am Mar 12, 2013 7:53am
sorry attached file deleted..

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  • #16,075
  • Edited 8:11am Mar 12, 2013 7:56am | Edited 8:11am
Quoting Davidyel
Ahhh it hit my SL :<
Guys, I really don't understand: why do you trade H4 if you can trade H1?

BigE traded H4 only during the first half of the European session, because he lived in America. The rest of the day he traded H1 and he said that if he could he would trade H1 all the time, but he couldn't trade H1 during the night.

When you trade H1 you need smaller SL than for H4 and with H1 you can handle the news more effectively than with the H4. H4 is much more inertial than H1 and since we want more or less catch the trends' changes we can do that much easier with H1 than with H4
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,076
  • Mar 12, 2013 8:27am Mar 12, 2013 8:27am
Quoting Favorite
Guys, I really don't understand: why do you trade H4 if you can trade H1?

BigE traded H4 only during the first half of the European session, because he lived in America. The rest of the day he traded H1 and he said that if he could he would trade H1 all the time, but he couldn't trade H1 during the night.

When you trade H1 you need smaller SL than for H4 and with H1 you can handle the news more effectively than with the H4. H4 is much more inertial than H1 and since we want more or less catch the trends' changes we can do that much easier...

Honestly I just learned that 4H is not so good (need to confirm on 1H first) ...
I wouldn't trade 4H anymore
  • #16,077
  • Mar 12, 2013 8:34am Mar 12, 2013 8:34am
Quoting Favorite
Guys, I really don't understand: why do you trade H4 if you can trade H1?

BigE traded H4 only during the first half of the European session, because he lived in America. The rest of the day he traded H1 and he said that if he could he would trade H1 all the time, but he couldn't trade H1 during the night.

When you trade H1 you need smaller SL than for H4 and with H1 you can handle the news more effectively than with the H4. H4 is much more inertial than H1 and since we want more or less catch the trends' changes we can do that much easier...
I Totally AGREE with you.
Bomi in Houston, tx.
i am watching this. Already in at 144.08 since yesterday last night!
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  • #16,078
  • Mar 12, 2013 8:38am Mar 12, 2013 8:38am
Quoting Favorite
Guys, I really don't understand: why do you trade H4 if you can trade H1?

BigE traded H4 only during the first half of the European session, because he lived in America. The rest of the day he traded H1 and he said that if he could he would trade H1 all the time, but he couldn't trade H1 during the night.

When you trade H1 you need smaller SL than for H4 and with H1 you can handle the news more effectively than with the H4. H4 is much more inertial than H1 and since we want more or less catch the trends' changes we can do that much easier with...
Thanks for the enlightenment. will try H1..
  • #16,079
  • Mar 12, 2013 8:47am Mar 12, 2013 8:47am
Hey guys.

The intersection between the first red line and green line is price and time of entry. The second intersection between the second red line and green/red line is price and time of exit. If both lines are green, it means that entry was a profitable one. If one was green and the red, then the trade was not profitable

Any advice appreciated
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mar 12 eur.nzd.h4.png Size: 46 KB
Click to Enlarge Name: mar 12 gbp.jpy.h4.png Size: 52 KB
Click to Enlarge Name: mar 12 eur.usd.h4.png Size: 49 KB
  • #16,080
  • Mar 12, 2013 8:48am Mar 12, 2013 8:48am
AUD.USD36
USD.CAD7
USD.CHF26
GBP.USD-40
GBP.JPY100
EUR.NZD-62
EUR.USD-42


Aggregate Trades: 7
Aggregate P/L: 25
142 traders viewing now, 1 is registered: