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Trading Made Simple

  • #26,341
  • Edited 5:47am Oct 15, 2013 5:11am | Edited 5:47am
Entered a little late, based on break of double bottom.. the second london candle set the high, TDI green below red below blue.... EJ moves for about 50-60 pips high to low on days like this, so I set my tp at the RN, let's hope it gets hit

Experienced very little drawdown, and I stayed in my trade because of Phx's teachings, that Euro pairs would rarely not move in the same direction for 3-10 candles...

*edit*: thank you phx, for everything you're teaching us my tp got missed because my broker is so great, so I kind of panicked and manually closed at 26 pips, of course it pulled back a little just as I was hitting the close button and I closed 2 pips higher... Oh well! Doesn't bother me the slightest.
Attached Image(s) (click to enlarge)
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  • #26,342
  • Oct 15, 2013 6:00am Oct 15, 2013 6:00am
HELLO THERE.
i am new here, so far i read alot of the comment here, really interesting.
Thanks Big E. This is an absolute system ever!
  • #26,343
  • Oct 15, 2013 6:17am Oct 15, 2013 6:17am
Quoting WDays
Entered a little late, based on break of double bottom.. the second london candle set the high, TDI green below red below blue.... EJ moves for about 50-60 pips high to low on days like this, so I set my tp at the RN, let's hope it gets hit Experienced very little drawdown, and I stayed in my trade because of Phx's teachings, that Euro pairs would rarely not move in the same direction for 3-10 candles... *edit*: thank you phx, for everything you're teaching us my tp got missed because my broker is so great, so I kind of panicked and manually...
Good trade, hope we learn all from PHx62 better everyday
I Have Learned to Take Some Losses to Make Profits
  • #26,344
  • Oct 15, 2013 6:29am Oct 15, 2013 6:29am
Quoting TheScorpS
{quote} Good trade, hope we learn all from PHx62 better everyday
Thanks Scorps, we miss you in our little skype group, where did you disappear off to
  • #26,345
  • Oct 15, 2013 7:03am Oct 15, 2013 7:03am
Took this trade on EUR/USD , reasons to take the trade, yellow line resistance line, Fibonacci retracement of previous swing low high 50%, and Fib extension of a minor swing low high , putting all these confluence together , I just waited TDI and PA to give a go signal and put on the trade

Exit manually with 50+

WDays , I have been back-testing and studying hardcore last few days and week that I couldn't even make it to the room , so sure I will be there with you guys soon

Thanks for asking
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I Have Learned to Take Some Losses to Make Profits
  • #26,346
  • Oct 15, 2013 7:23am Oct 15, 2013 7:23am
Quoting TheScorpS
Took this trade on EUR/USD , reasons to take the trade, yellow line resistance line, Fibonacci retracement of previous swing low high 50%, and Fib extension of a minor swing low high , putting all these confluence together , I just waited TDI and PA to give a go signal and put on the trade Exit manually with 50+ WDays , I have been back-testing and studying hardcore last few days and week that I couldn't even make it to the room , so sure I will be there with you guys soon Thanks for asking {image} {image}
Nice job man! Getting good at trading those patterns Great trade too.
I understand, well drop by whenever you have time, we'll be happy to catch up with you.
  • #26,347
  • Oct 15, 2013 9:02am Oct 15, 2013 9:02am
I have used the TDI Testing for 2 months old chart bar. But It seems not good, may be i have sth wrong, It hit stop loss 13 trades and TP 16. But SL=40, Tp=20. So I loss almost half of my money.
Any body can help? What wrong I have?
Attached Image (click to enlarge)
Click to Enlarge Name: backtesting for 2 month old bar.png Size: 219 KB
  • #26,348
  • Oct 15, 2013 9:07am Oct 15, 2013 9:07am
Goodmorning Everyone,

On the 1 hour eur/usd this is what I see.

At the L/O the eur/usd was starting to break down, check out the tdi & guppy's.
I hope everyone caught this move...

snarlyjack
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmh1.png Size: 79 KB
  • #26,349
  • Oct 15, 2013 9:19am Oct 15, 2013 9:19am
Quoting TheScorpS
Took this trade on EUR/USD , reasons to take the trade, yellow line resistance line, Fibonacci retracement of previous swing low high 50%, and Fib extension of a minor swing low high , putting all these confluence together , I just waited TDI and PA to give a go signal and put on the trade Exit manually with 50+ WDays , I have been back-testing and studying hardcore last few days and week that I couldn't even make it to the room , so sure I will be there with you guys soon Thanks for asking {image} {image}
very nice setup on eu at LO, good trade, well done, congrats!
If you're going through hell, keep going. Winston Churchill
  • #26,350
  • Oct 15, 2013 9:24am Oct 15, 2013 9:24am
Quoting WDays
Entered a little late, based on break of double bottom.. the second london candle set the high, TDI green below red below blue.... EJ moves for about 50-60 pips high to low on days like this, so I set my tp at the RN, let's hope it gets hit Experienced very little drawdown, and I stayed in my trade because of Phx's teachings, that Euro pairs would rarely not move in the same direction for 3-10 candles... *edit*: thank you phx, for everything you're teaching us my tp got missed because my broker is so great, so I kind of panicked and manually...
nice trade WDays, hope to learn from you guys more

When you do say on break.. do you put a sell stop? and how many pips under the break do you put to prevent a fake out?

Nice trade
  • #26,351
  • Oct 15, 2013 9:26am Oct 15, 2013 9:26am
Goodmorning Imi & Ryanlum,

Nice seeing you...

snarlyjack
  • #26,352
  • Oct 15, 2013 9:27am Oct 15, 2013 9:27am
I took one trade in asia session last night on ej, set tp to previous
support at 133.18, I can't stay up all night to monitor the trade,
but it hit TP nicely overnight.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2013-10-15_07-20-32ejH1.png Size: 30 KB
If you're going through hell, keep going. Winston Churchill
  • #26,353
  • Oct 15, 2013 9:28am Oct 15, 2013 9:28am
Quoting Imi
{quote} very nice setup on eu at LO, good trade, well done, congrats!
Thanks a lot , am learning from your post as well
I Have Learned to Take Some Losses to Make Profits
  • #26,354
  • Oct 15, 2013 9:34am Oct 15, 2013 9:34am
EU D1 chart
with the eu I'll wait for market close tonight, if it will look like it is now I'll look for short setup for tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2013-10-15_10-15-48euD1.png Size: 28 KB
If you're going through hell, keep going. Winston Churchill
  • #26,355
  • Oct 15, 2013 9:35am Oct 15, 2013 9:35am
Quoting snarlyjack
Goodmorning Imi & Ryanlum, Nice seeing you... snarlyjack
If you're going through hell, keep going. Winston Churchill
  • #26,356
  • Oct 15, 2013 9:36am Oct 15, 2013 9:36am
Saroeun,

Nice meeting you.

I would suggest that you trade a demo account entil you get very good.
Give that a try. It takes awhile to learn how to trade. Take your time.

snarlyjack
  • #26,357
  • Oct 15, 2013 9:40am Oct 15, 2013 9:40am
Dear Munirpt
I've read about your accident, wishing you well, and a speedy recovery.
nice post over the weekend btw.
If you're going through hell, keep going. Winston Churchill
  • #26,358
  • Oct 15, 2013 9:41am Oct 15, 2013 9:41am
Quoting snarlyjack
Goodmorning Imi & Ryanlum, Nice seeing you... snarlyjack
morning snarlyjack! did you get on the EU trade?
  • #26,359
  • Oct 15, 2013 9:50am Oct 15, 2013 9:50am
Quoting Phx62
Done for the week......here are my trades on EJ H1 for the week.....explanations on the chart. Have a good weekend.....{image}
Dear PHx62, I'm falling in love with your charts every week.

Thank you for sharing, learned soo much from you!
I saved them all and spend long time studying them to every detail.
If you're going through hell, keep going. Winston Churchill
  • #26,360
  • Oct 15, 2013 9:52am Oct 15, 2013 9:52am
Ryanlum,

Unfortunatey No...I kept looking at the Daily chart last night
going hmmm...

What I really need to do is stay up all night & trade the L/O.

It is what it is...what can I say.

I'am thinking of staying up all night & just trading the 1 hour chart.
Sleep is way over rated anyway...

snarlyjack
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