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Trading Made Simple

  • #33,621
  • Mar 24, 2014 11:19am Mar 24, 2014 11:19am
Fantastic, Bizzzle! I'm still struggling with bounce trades. But my time will come Congrats!
Those who know don't talk. Those who talk don't know.
  • #33,622
  • Mar 24, 2014 11:44am Mar 24, 2014 11:44am
Quoting as33156
For those of you having a hard time with the cave-manager ea here is another trade manager. It's far less complex then cave-manager. Best of luck! {image} {file}
Thanks , at least will come in handy in the future when I need one
I Have Learned to Take Some Losses to Make Profits
  • #33,623
  • Mar 24, 2014 11:51am Mar 24, 2014 11:51am
I swear I hate all G pairs. I closed out my GCAD trade for a 20 pip lost because it was just doing TOTAL BS. IT had major support at 1.6500 level. What makes it even worse is the fact that it has a freaking 6 pip spread minimum at all times. The spread is actually what caused me to take a loss in it. Because it went over 30 pips in my favor while I was asleep however because of the insane spread my capital protection never got triggered and it just decided to reverse on me and do it FAST!

So I decided losing 20 pips on the trade would be better then losing 63 pips on the trade which was my stoploss.

Now I only got 1 trade open and thats NU hopefully it does business for me. I'm minus -10 pip the week so far in closed trades. Seems like all the good trades came on the non -5gmt brokers today. Besides the GJ trade I didn't take. Slow start to the week.

NOW WATCH GCAD MOVE 100 PIPS IN MY FAVOR NOW THAT IM OUT FOR A LOSS.
MAY THE PIPS BE WITH YOU!
  • #33,624
  • Edited 12:03pm Mar 24, 2014 11:52am | Edited 12:03pm
Quoting hugecat
Fantastic, Bizzzle! I'm still struggling with bounce trades. But my time will come Congrats!
If you use fibs from swing low to high with bounce trades, you will see how bounce trades goes very well and respect fibs especially 23.6 and 38.2

Also I trade H1 time frame and using MBL along TDI inid, often the bounce will happens because PA will find support or resistance above or below MBL yellow line

I have compiled some of the charts that follow the bounce trade over my back testing session on H1, might be of help
Attached File(s)
File Type: rar Right Skew.rar   2.1 MB | 624 downloads
I Have Learned to Take Some Losses to Make Profits
  • #33,625
  • Mar 24, 2014 12:01pm Mar 24, 2014 12:01pm
I just shorted UJ as I see it gave an early signal short trade that I missed while I was to busy looking at my open positions. I'm only 3 pips off its open price. So I got NU Long & UJ short.
MAY THE PIPS BE WITH YOU!
  • #33,626
  • Mar 24, 2014 12:10pm Mar 24, 2014 12:10pm
Quoting as33156
{quote} Hi AndyP, My GCAD & NU trades are slightly in profit. I'm going to stick it out and look for them to hit my TP of 100 pips each. Remember it's a marathon not a sprint so these can move hundreds of pips in one direction in just a few days. SO let you trades run. Fingers crossed for both of us.

Decision taken. Will let it run and start praying.

Thanks
  • #33,627
  • Mar 24, 2014 12:15pm Mar 24, 2014 12:15pm
Looking back all my break-evens & loses they all come from me getting into a candle at the beginning which I don't like to do. They only proper trade I had via the way I trade was GJ on sunday and it ran for 70 pips profit. All the others I took were against the way I trade and they have just been sideways the hole time or rangy. Lesson learned. Don't get fancy & stick to what I do best.

Entries on tdi cross that aren't finished just don't work for me. I'm a confirmation trader.
MAY THE PIPS BE WITH YOU!
  • #33,628
  • Mar 24, 2014 12:18pm Mar 24, 2014 12:18pm
Quoting as33156
I just shorted UJ as I see it gave an early signal short trade that I missed while I was to busy looking at my open positions. I'm only 3 pips off its open price. So I got NU Long & UJ short.
Took a short on H4
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #33,629
  • Mar 24, 2014 12:20pm Mar 24, 2014 12:20pm
Quoting Bizzzle
Week 2 of my Trade to trade the same as the thread owner!! 6am trades: AU- +32 AJ- + 24 Open at 10am: EG- +2 EA- + 34 EU- Break-even UC- Break-even Total for monday closing all at 2pm uk time: 92 pips Keep it sample!!! Cu all in the morning {image}
Bizzle great trading, I just started trading this strategy, may I ask typically when do you move you SL to break even?

thank you
  • #33,630
  • Mar 24, 2014 12:22pm Mar 24, 2014 12:22pm
Quoting as33156
For those of you having a hard time with the cave-manager ea here is another trade manager. It's far less complex then cave-manager. Best of luck! {image} {file}
thanks a lot!
  • #33,631
  • Mar 24, 2014 12:24pm Mar 24, 2014 12:24pm
Quoting as33156
I just shorted UJ as I see it gave an early signal short trade that I missed while I was to busy looking at my open positions. I'm only 3 pips off its open price. So I got NU Long & UJ short.
I've been looking at UJ myself, but for some reason, it just doesn't 'smell right' ... yet. Maybe I'm being to conservative, but want to wait for 2nd candle close
http://charts.mql5.com/4/250/usdjpy-h4-ibfx-inc-2.png
Pip what you see; See what you pip!
  • #33,632
  • Mar 24, 2014 12:37pm Mar 24, 2014 12:37pm
Quoting SeerEye
{quote} I've been looking at UJ myself, but for some reason, it just doesn't 'smell right' ... yet. Maybe I'm being to conservative, but want to wait for 2nd candle close {image}
H4 on my chart closed 36 mins ago
the cautious seldom err....C
  • #33,633
  • Mar 24, 2014 12:39pm Mar 24, 2014 12:39pm
Quoting pips29
{quote} H4 on my chart closed 36 mins ago
20 min to go on my chart...
Pip what you see; See what you pip!
  • #33,634
  • Mar 24, 2014 12:43pm Mar 24, 2014 12:43pm
Out of E/J completely. G/J still going. U/cad up 9 pips after more than 4 hours
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the cautious seldom err....C
  • #33,635
  • Mar 24, 2014 12:53pm Mar 24, 2014 12:53pm
Was also taken out of this trade earlier
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #33,636
  • Mar 24, 2014 1:00pm Mar 24, 2014 1:00pm
What looks like a good trade did not work out afterall. Took it on H1 with tdi cross plus 1st candle. Win some,lose some
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #33,637
  • Mar 24, 2014 1:00pm Mar 24, 2014 1:00pm
Wow EUR pairs are moving up.

UJ to me is still in a box as well.
Attached Image


I entered USDCHF with the box range in mind.
It formed a pin at top of box with enough room to move down to bottom for 1:1 RR so I entered. It hit my TP nicely and still moving down.
Attached Image


60 or so pips today. All small wins, but no loss so I'm glad Done for the night.
Everything you can imagine, is real - Pablo Picasso
  • #33,638
  • Mar 24, 2014 1:06pm Mar 24, 2014 1:06pm
dollar index dropped
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the cautious seldom err....C
  • #33,639
  • Mar 24, 2014 1:12pm Mar 24, 2014 1:12pm
Hi all,
im new here still reading thru as many post as possible, so far great system.
do any one know why Big E not posting anymore since long time?
i think we have to ask about the person who give us this great system.
  • #33,640
  • Mar 24, 2014 1:30pm Mar 24, 2014 1:30pm
does anyone have a mtf tdi ex file?
Trade what you see .
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