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Trading Made Simple

  • #26,501
  • Oct 17, 2013 5:27am Oct 17, 2013 5:27am
Quoting WDays
{quote} I think I'm going to relax today, don't want to give any more of my profit back to the market. I don't like opening trades after noon GMT...
coffee!!

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  • #26,502
  • Oct 17, 2013 5:33am Oct 17, 2013 5:33am
Quoting ryanlum
{quote} coffee!! {image}
I was actually thinking something more along the lines of........



especially with Bukowski on my nightstand
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  • #26,503
  • Oct 17, 2013 5:35am Oct 17, 2013 5:35am
Quoting WDays
{quote} I was actually thinking something more along the lines of........ especially with Bukowski on my nightstand {image}

... I like that....
.... laughing all the way to the bank
  • #26,504
  • Oct 17, 2013 5:35am Oct 17, 2013 5:35am
Quoting itsallover
{quote} ... I like that....
I thought you didn't like scotch
  • #26,505
  • Oct 17, 2013 5:37am Oct 17, 2013 5:37am
Hi there!! two trades this morning, EU +30 and GU +40. The entry was not so dificult, in EU as I live in Spain and I was sleeping when tdi green crossed red, I entered after price got above yesterday's high. In GU entered when red crossed yellow and price got above ema200.
The problem for me is that I always find it hard when to exit. I've missed 30 pips in EU and 40 in GU due to early exit. In EU I exited at RN 1.36, I didn't expected price to go that high as we already had overtaken the ADR. In GU exited at Yesterday's high, also for the same reason, the daily range was already above it's average.....

One thing that I want to ask to phx62, or anybody else is that for example today we've had two good examples of LO breaking the high of the Asia Session, but I don't know if that depends or not in the range of this Asia Session.... for example, many days we have a range during Asia Session of 25-35 pips, so in fact it's "normal" that during the LO we go above or below that range, but I don't know if that applies to days with high ranges in the Asia Session.... I'm talking about EU and GU.
I also don't know if this "theory" applies to other pairs like Jen pairs for example, as in this pairs the range of Asia session is normally higher....

Anyway, my graphs:
Attached Images
  • #26,506
  • Oct 17, 2013 5:37am Oct 17, 2013 5:37am
Quoting WDays
{quote} I thought you didn't like scotch
lol.... I thought Bukowski was a painting...lol... my bad... Brandy for me please
.... laughing all the way to the bank
  • #26,507
  • Oct 17, 2013 5:40am Oct 17, 2013 5:40am
Quoting itsallover
{quote} lol.... I thought Bukowski was a painting...lol... my bad... Brandy for me please
So you're the Hennessy type, huh

Bukowski is a 20th century transgressive fiction writer. I really enjoy his work.
  • #26,508
  • Oct 17, 2013 5:45am Oct 17, 2013 5:45am
Quoting WDays
{quote} Floor traders know which levels have a high volume of pending orders placed - be it TPs or SLs or sell stops or limits. They know where the market volatility would increase. That's pretty much all. It doesn't tell you what direction price will take, just that once the level is reached a whole bunch of orders will be triggered and price will shoot.
Thanks for your good information.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #26,509
  • Oct 17, 2013 6:39am Oct 17, 2013 6:39am
Good morning N/Y open,

Normally I sleep through this hole thing, but last night
I watched each and every pip. It was like watching paint dry.

Anyway, what I see is the guppy's were pretty strong.
If you watched the tdi and guppy's on the 4 hour & daily
their was no reason to liquidate.

It hit the round #'s exactly...it's pretty uncanny.

sj
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  • #26,510
  • Edited 7:24am Oct 17, 2013 7:08am | Edited 7:24am
Took this trade, I think I needed pain killer to go through the pain that was associated with the draw down of -25 pips, PA reached entry point for 3 times and didn't initiated a move up, so closed it at BE before US news, had analysis both US and GU, but my analysis for both was to short , didn't have a plan B for long so ended taken EUR/JPY

What made me stay in the trade was this convergence red zone below my entry
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I Have Learned to Take Some Losses to Make Profits
  • #26,511
  • Edited 8:12am Oct 17, 2013 7:59am | Edited 8:12am
Pretty good day today for me. Two trades, eu +50, gu +115
Entered in asia session, eu was already at BE when I went to bed.
If I were awake when price approached TP , I might have moved it further up.
I am attaching eu D1 chart as well to show what I saw.
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Attached Image
If you're going through hell, keep going. Winston Churchill
  • #26,512
  • Oct 17, 2013 8:45am Oct 17, 2013 8:45am
It seems EJ now wants to move.... Lazy boy.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #26,513
  • Oct 17, 2013 8:53am Oct 17, 2013 8:53am
Ryan and WDays,
I would have not go short on ej, for reasons I am showing on D1.
I would've waited for a long setup.
H1 had a deeper pullback, but still in uptrend with HH and HL
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If you're going through hell, keep going. Winston Churchill
  • #26,514
  • Oct 17, 2013 8:58am Oct 17, 2013 8:58am
Quoting heispark
It seems EJ now wants to move.... Lazy boy.
yiah looks like that right.. i think the next candle will be the confirmation candle
  • #26,515
  • Oct 17, 2013 8:59am Oct 17, 2013 8:59am
Quoting Imi
Ryan and WDays, I would have not go short on ej, for reasons I am showing on D1. I would've waited for a long setup. H1 had a deeper pullback, but still in uptrend with HH and HL {image}
Thanks for the info IMI.. H1 looks like its going to have a setup now
  • #26,516
  • Oct 17, 2013 9:27am Oct 17, 2013 9:27am
looking for a setup on EURAUD H1.

1) TDI turning down and crossing signal line.
2) Downtrend - candles below 50 ema wave.
3) Looking for a short entry to go with trend.
4) Look to enter below the RED line just below the inside bar (IB).
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  • #26,517
  • Oct 17, 2013 9:49am Oct 17, 2013 9:49am
Due to the US Congress reaching an agreement to temporarily fund the government and stop the shutdown, I concentrated on trading US pairs today. It took some patience but both trades paid off handsomely!!!!
I entered the EU H1 trade on the LO candle as it broke above Yesterdays high and above the previous candle. The 1st two candles were strong, so I moved my SL +10 and my TP to 100. It took almost 8 hours to reach the TP but it finally made it.
I entered the GU H1 trade on the LO candle also, as it broke above the 200 EMA and the previous candle. TDI was in line to bounce with green over red over yellow. Again the first two candles were strong so I moved SL and TP the same as the EU trade. When I woke up to check the trades, I decided to lock in more profit and move the TP on this trade to 150, since GU usually moves more during news and world events. Price missed that TP by 2 pips. Closed it manually at 136 because I was going to work and did not want to lose anymore pips. Price might still go the TP but I am out of both trades with 236 pips total.....a very good day.
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  • #26,518
  • Oct 17, 2013 10:44am Oct 17, 2013 10:44am
ej today
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  • #26,519
  • Oct 17, 2013 11:12am Oct 17, 2013 11:12am
Quoting Imi
Pretty good day today for me. Two trades, eu +50, gu +115 Entered in asia session, eu was already at BE when I went to bed. If I were awake when price approached TP , I might have moved it further up. I am attaching eu D1 chart as well to show what I saw. {image} {image} {image}
Great trades mate, really enjoy seeing your charts thanks.
Give yourself a chance and trade it like it's layed out...
  • #26,520
  • Oct 17, 2013 11:13am Oct 17, 2013 11:13am
Hello Snarlyjack, fellow trader friends here.

quick question here. can i check with the
exit strategy?

is it any of the below criteria?

1. TDI green hook/flat/uptick ?
2. upper / lower bollinger band touched for the main window? what about when the tdi bank touched?
3. round number?

is exit rules are any of the 3 above?

my question is even though we might hit upper or lower band of BB, it's still trending strong... should i just exit?
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