Everything you can imagine, is real - Pablo Picasso
- #34,202
- Mar 27, 2014 11:31pm Mar 27, 2014 11:31pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #34,203
- Mar 27, 2014 11:33pm Mar 27, 2014 11:33pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Thank you.
- #34,205
- Mar 27, 2014 11:35pm Mar 27, 2014 11:35pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
TP hit 2.5 R (372 pips) XAUUSD using money management with R multipliesregards Josh {image}
Very nicely done Josh.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #34,206
- Mar 27, 2014 11:44pm Mar 27, 2014 11:44pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} Hi Emmanuel, I been wondering this myself regarding you entry/exit criteria. I am sorry if you revealed this somewhere in these 34,000+ posts, but I have been unable to locate your entry/exit criteria. Please share the post number or restate...thanks!
Here use the FF paper clip and search:
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #34,207
- Mar 27, 2014 11:52pm Mar 27, 2014 11:52pm
I've received a few PMs asking about the AUDJPY H4 sell entry of 3/25/1200 (FXDD) and my thoughts as why it stopped out. I certainly don't have a crystal ball but I do try to look at the move that drives the TDI and MBL into 68 or 32 territory.
Consider this: Look at the first picture of the Buy signal (the one I'm in now) on 3/3/2000 on the left pic and notice how aggressive this move was. All the HE candles are riding on top of the PAC and they have little to no lower wicks. This indicates a feeding frenzy of buyers and that entire move lasted a whole week. Notice also that there are zero, nada TDI bounces off the signal line...a very powerful train left the station. As the week ended the selling started and we got the nice retracement (right pic on top row) to 78% of the powerful move.
Now compare that to the move some of us are in now which was signaled on 3/17/0400. See how all the HE candles are, for the most part, contained within the PAC and they have lots of lower wicks. Look at the track of the TDI how it snakes, weaves and bounces off the signal and MBL lines. This, to me, indicates a much slower move, more calculated with profit taking occurring at least three times up to the sell signal some of you asked about on 3/25/1200. When the signal candle closed, the MBL was still sloping aggressively upward as was the signal line indicating that additional buyers may be joining the steady, slow buyers already in the move that were keeping the HEs inside the PAC. Also, there was not engulfing candle support when the signal candle closed for those familiar with that powerful filter.
Finally, the picture below shows the H1 situation at the same moment in time that the 3/25/1200 candle closed and it's begging us to stand aside as there is no TDI cross and all three lines, TDI, signal and MBL are sloping towards 2 o'clock...not conducive to a sell trade.
Sure hope this may help someone...it took me several years to learn what to look for. But heck, even with the best preparation someone will lob a rocket into Israel or invade a country and you get stopped out of a well planned trade!!!! Such is FOREX!
Consider this: Look at the first picture of the Buy signal (the one I'm in now) on 3/3/2000 on the left pic and notice how aggressive this move was. All the HE candles are riding on top of the PAC and they have little to no lower wicks. This indicates a feeding frenzy of buyers and that entire move lasted a whole week. Notice also that there are zero, nada TDI bounces off the signal line...a very powerful train left the station. As the week ended the selling started and we got the nice retracement (right pic on top row) to 78% of the powerful move.
Now compare that to the move some of us are in now which was signaled on 3/17/0400. See how all the HE candles are, for the most part, contained within the PAC and they have lots of lower wicks. Look at the track of the TDI how it snakes, weaves and bounces off the signal and MBL lines. This, to me, indicates a much slower move, more calculated with profit taking occurring at least three times up to the sell signal some of you asked about on 3/25/1200. When the signal candle closed, the MBL was still sloping aggressively upward as was the signal line indicating that additional buyers may be joining the steady, slow buyers already in the move that were keeping the HEs inside the PAC. Also, there was not engulfing candle support when the signal candle closed for those familiar with that powerful filter.
Finally, the picture below shows the H1 situation at the same moment in time that the 3/25/1200 candle closed and it's begging us to stand aside as there is no TDI cross and all three lines, TDI, signal and MBL are sloping towards 2 o'clock...not conducive to a sell trade.
Sure hope this may help someone...it took me several years to learn what to look for. But heck, even with the best preparation someone will lob a rocket into Israel or invade a country and you get stopped out of a well planned trade!!!! Such is FOREX!
- #34,208
- Mar 28, 2014 12:12am Mar 28, 2014 12:12am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #34,214
- Mar 28, 2014 1:48am Mar 28, 2014 1:48am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #34,215
- Mar 28, 2014 1:50am Mar 28, 2014 1:50am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Dear Emmanuel & Zoopots,
I just received this update and it shaked out my all expectations towards pair movement to south. I entered SELL in AudUsd @ .9224 and was expecting max move/floating up to .9324 but as per below image, i am confuse now.
kindly advice, should i close it in loss or should i consider hedging? regards. 
I just received this update and it shaked out my all expectations towards pair movement to south. I entered SELL in AudUsd @ .9224 and was expecting max move/floating up to .9324 but as per below image, i am confuse now.
kindly advice, should i close it in loss or should i consider hedging? regards.
