{quote} yes bizzle tdi cross but it's entry very agressive (as emmanuel says) because if the candle had bounced the tdi not cross . {image}
Give yourself a chance and trade it like it's layed out...
- #33,223
- Mar 20, 2014 10:04am Mar 20, 2014 10:04am
- Joined Aug 2012 | Status: Trader | 18,665 Posts
the cautious seldom err....C
- #33,224
- Mar 20, 2014 10:07am Mar 20, 2014 10:07am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Still some people are not clear when to Exit:
There is some discretion to apply and how good you are at reading candles on your charts.
There is some discretion to apply and how good you are at reading candles on your charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #33,226
- Mar 20, 2014 10:07am Mar 20, 2014 10:07am
{quote} yes bizzle tdi cross but it's entry very agressive (as emmanuel says) because if the candle had bounced the tdi not cross . {image}
Give yourself a chance and trade it like it's layed out...
- #33,228
- Mar 20, 2014 10:09am Mar 20, 2014 10:09am
- Joined Jul 2012 | Status: Trader | 1,007 Posts
{quote} here is EJ {image}
it's a entry agressive , I do not know if you understand what I want to show you ,
sorry for my bad english
- #33,230
- Mar 20, 2014 10:11am Mar 20, 2014 10:11am
- Joined Aug 2012 | Status: Trader | 18,665 Posts
the cautious seldom err....C
- #33,231
- Mar 20, 2014 10:13am Mar 20, 2014 10:13am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #33,235
- Mar 20, 2014 10:19am Mar 20, 2014 10:19am
{quote} yes bizzzle
It crossed tdi and candle change colour!!
If it went up the next candle I would of closed....
We look for a candle to cross the 5 ema and then close (set up candle), When
the next candle opens being the same color as the set up candle... we enter the
trade... check your TDI for confirmation...
Give yourself a chance and trade it like it's layed out...
- #33,236
- Mar 20, 2014 10:20am Mar 20, 2014 10:20am
EURUSD Trade +130 pips. Thank you very much Emmanuel, Phx62 and Bizzle for your constant support. {image}
What was your indication to stay in the trade even when we got an upside price action? Because of the TDI stayed under the MBL?
fxFox (all times in my charts are GMT+1)
- #33,237
- Mar 20, 2014 10:22am Mar 20, 2014 10:22am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} That's what having confidence in your decision and extreme discipline can do for you. See a set up, make a plan before you enter where stop and TP would be. You then enter and follow your plan, never play with your trade. More often than not, if your entry is solid, it will reach your target. I have lots of training to do myself before I can be that disciplined.
When I enter on 17th March , TDI angle was 1.5 which is not convincing but I entered trade as per my trading plan as stochastic(13,5,5) on daily was giving me sell bias(Blue line below red line). Back testing of this has given me this confidence. I usually put my SL as 63 pips and once price move 20 pips in favor MPTM move SL to BE. I also use 45 pips JSL .
I existed trade with 130 pips due to following reasons.
- 130pips is 60% of weekly ATR 100 as suggested by emmanuel.
- Tomorrow is friday with light event
- Price is near 200 ema
I realized that if entry would have been taken on 18th march then trade would have closed @ BE as price moved 20 pips in favor. Then Next entry would be taken on 19th march which would be better entry.
Thanks
Manoj
- #33,239
- Mar 20, 2014 10:25am Mar 20, 2014 10:25am
- Joined Oct 2007 | Status: Pip Seer | 1,299 Posts
a lot of cheap talk tonight but no substance without showing trades with chart to show how simple the method is. cut the crap.
Pip what you see; See what you pip!