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Trading Made Simple

  • #33,901
  • Mar 26, 2014 12:08am Mar 26, 2014 12:08am
Quoting as33156
{quote} I 2nd that! This market is really pissing me off the last few days. My GA trade from last week is about to hit 300 pips in profit soon. I wish I would have stayed in. I only to see if I can get in a few good 1hr cross next when the 4hr candle appears. This is like watching Paint Dry or Grass Grow
totally understand your feeling....the "i wish i would have stayed in" comment
Daniel
  • #33,902
  • Mar 26, 2014 12:37am Mar 26, 2014 12:37am
Closed AJ at +100 pips. refer to post 33586 for the entry
Daniel
  • #33,903
  • Mar 26, 2014 12:37am Mar 26, 2014 12:37am
Quoting Fx94
{quote} I think I am to little confident in trading. Thatīs because why I am asking for help here to get a TP. I donīt know how much I can want for a trade to give me. I have no idea about putting take profit in H1 Trading. Often you can put the SL "x" pips below/above last candles high/low when a trend occurs. But in this case I have no idea.
I was into a similer trade on EJ only it was before the news, news came and it turned over, LO high was a resitence, so most likely in situatuin like this in a ranging market , its safer to take profit just below LO high, since pa often do this testing LO high or low, taking TP few pips below above that would be better decision

TP isn't difficult, but you need to back test, I put TP according to structure, if you spend hours back testing , these levels will come very clear, sometime even you would want a much bigger TP but structure will tell you a different story

Again I back test daily 1 to 2 hours before LO

When you back test , look left before you decide on entering a trade, draw a line on the TP structure and see if TP is hit, doing this over and over will give you a good starting point

Anyway you have done well with the trade, wish you many green pips
I Have Learned to Take Some Losses to Make Profits
  • #33,904
  • Mar 26, 2014 12:53am Mar 26, 2014 12:53am
Here's what I'm looking at -
AU - seeing a bear divergence developing; TDI over 68, hitting 50% fib, but Pa still going strong... might be a set-up down the road for a nice short

http://charts.mql5.com/4/266/audusd-h4-ibfx-inc.png

EA - just like everybody else... still looks like it needs time to marinate for a potential long

AJ is similar to AU and

EU, UJ, EJ etc - just suck right now..

Back to studying...
Seer
Pip what you see; See what you pip!
  • #33,905
  • Mar 26, 2014 1:05am Mar 26, 2014 1:05am
No trades for me today at 6am! cu at 10am best of luck
Give yourself a chance and trade it like it's layed out...
  • #33,906
  • Mar 26, 2014 1:13am Mar 26, 2014 1:13am
Quoting Bizzzle
No trades for me today at 6am! cu at 10am best of luck
I'm using FXDD at the moment , will I want to know if the marked 4 hours candles are the correct in which you look to open trades, ie open trades the first 2 candles, and close them at the third candle, on my FXDD that's ( 8 a.m. - 12 p.m. and 4 p.m. )

Many thanks
I Have Learned to Take Some Losses to Make Profits
  • #33,907
  • Mar 26, 2014 1:17am Mar 26, 2014 1:17am
Quoting TheScorpS
{quote} I'm using FXDD at the moment , will I want to know if the marked 4 hours candles are the correct in which you look to open trades, ie open trades the first 2 candles, and close them at the third candle, on my FXDD that's ( 8 a.m. - 12 p.m. and 4 p.m. ) Many thanks
Hi - if your 4hr candle closed around 20 mins ago you are same as bizzzle!
  • #33,908
  • Mar 26, 2014 1:26am Mar 26, 2014 1:26am
Quoting TheScorpS
{quote} I'm using FXDD at the moment , will I want to know if the marked 4 hours candles are the correct in which you look to open trades, ie open trades the first 2 candles, and close them at the third candle, on my FXDD that's ( 8 a.m. - 12 p.m. and 4 p.m. ) Many thanks
According to my FXDD market watch is showing 9.26 and we are on the 8 am 4 hour candle. Its currently 6.26 am in London.

Not sure if that helps tbh. I think bizzzle might be with Alpari, not sure.
  • #33,909
  • Mar 26, 2014 1:33am Mar 26, 2014 1:33am
Quoting hostwey
{quote} According to my FXDD market watch is showing 9.26 and we are on the 8 am 4 hour candle. Its currently 6.26 am in London. Not sure if that helps tbh. I think bizzzle might be with Alpari, not sure.
FXDD is 1 hour ahead of Alpari but to copy Bizzle you would open trades on the 8, 12 and close them on the 16:00 FXDD time candles.
  • #33,910
  • Mar 26, 2014 1:39am Mar 26, 2014 1:39am
Quoting lastingwell
{quote}FXDD is 1 hour ahead of Alpari but to copy Bizzle you would open trades on the 8, 12 and close them on the 16:00 FXDD time candles.
Just to add that this Sunday 30th Mrch, British clocks forward one hour. (British Summer Time) so then FXDD should only be two hours ahead of London time (and Alpari one).
  • #33,911
  • Mar 26, 2014 2:07am Mar 26, 2014 2:07am
Potential Pull back Candle forming on my EA pair.

Coming off big confluence of resistance..bottom of channel, BRN, historical resistance as touched 2 times in February and rejected each time.

Also TDI down at 32 level, so must be due a nice bounce sometime!


irishtoffy
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  • #33,912
  • Mar 26, 2014 2:15am Mar 26, 2014 2:15am
Quoting as33156
Hi SledHead, Make sure that you have the ask for confirmation boxes unchecked in cave-manager E and in your platform options. Best of Luck Hi gsbaharaj, I guess I trade a blend between Big E & Emmanuel's style. I prefer to wait till candles close as a confirmation before I enter a trade. I don't enter trades on the 3rd bar. My broker is -5 GMT. I check my trades every 4hours. Set & Forget! Hi Nidolap, I trade every single market (4hr Candle) using the TMS method. Welcome to the Party! {image} {image} {image} {image}
What part of Emmanuels trading did you incorporate. I know Big E's method. Could you give me details please.
  • #33,913
  • Mar 26, 2014 2:24am Mar 26, 2014 2:24am
  •  Libra
  • | Joined Apr 2011 | Status: Mind Power Control | 210 Posts | Online Now
Quoting emmanuel7788
UCad week 13 H4 trade, A Bearish Outside Bar BEOB PA setup with PA breaking below the PAC and also the MBL on chart. Trade scale-out +38pips, BE remaining positions. When the price trend and the TDI trend are in synergy, we let profit run. {image}
This thread is very fast. Waaaoh. Keep up guys

Emmanuel7788, what is the setting on your yellow MA introduced to your charts?
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"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #33,914
  • Mar 26, 2014 2:24am Mar 26, 2014 2:24am
Still a while before the candle closes but what do you guys think of how GU is setting up?
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  • #33,915
  • Mar 26, 2014 2:34am Mar 26, 2014 2:34am
GilR , hostwey and lastingwell

Thanks for confirming candles timings with FXDD, now I think as lasting says that 8 - 12 a.m. taking trades and 4 p.m. closing them , many thanks again for your help
I Have Learned to Take Some Losses to Make Profits
  • #33,916
  • Mar 26, 2014 2:39am Mar 26, 2014 2:39am
I entered EURCAD on a pull back/pin bar without HA changing color or TDI confirmation. Costed me 30 pips lost.

left is chart when I enter, right is chart when I exit.
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Everything you can imagine, is real - Pablo Picasso
  • #33,917
  • Mar 26, 2014 2:44am Mar 26, 2014 2:44am
EURAUD week 13 H4 trade:

London open is 15 mins, so I scale-out one postion at +110pips, protect the remaining positions and let it run.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,918
  • Mar 26, 2014 2:47am Mar 26, 2014 2:47am
Clear formation on D1 HS gmt0 and break of the neckline. I think it is time to short it. Anyone else can see the same picture.
  • #33,919
  • Mar 26, 2014 2:47am Mar 26, 2014 2:47am
Quoting olly93
Still a while before the candle closes but what do you guys think of how GU is setting up? {image}
I'm sticking with it olly93, been long since yesterday, currently just above BE, will wait for 8am bar, but trend channel offers support...
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All for one and one for all
  • #33,920
  • Mar 26, 2014 2:49am Mar 26, 2014 2:49am
Quoting Libra
{quote} This thread is very fast. Waaaoh. Keep up guys Emmanuel7788, what is the setting on your yellow MA introduced to your charts? {image}

Libra:

That yellow line on the price chart is a TMS-II development, we call that "TDI MBL-on-Chart". We use that to see when the price trend and the TDI trend are in synergy.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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