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Trading Made Simple

  • #35,241
  • Apr 9, 2014 6:37am Apr 9, 2014 6:37am
Hour and half to pull my trades out of the red

At least the day trades are still floating
  • #35,242
  • Apr 9, 2014 6:38am Apr 9, 2014 6:38am
Quoting Ballistical
{quote} GilR, Brilliant results on your behalf yesterday! Congrats! EURGBP: Personally I would not have held the EURGBP trade through the high impact GBP news at 9:30am but clearly this worked in your favour yesterday. I believe Big E avoided trading pairs with high impact news (red on the FF calendar). AUDUSD: Despite this trade working out very well for you in the end, the 6am candle that you entered on was the third blue candle (following the doji) so this was too late according to Big E's rules as he entered on the first two candles...

Not so good tonight - but while there is still time who knows!
  • #35,243
  • Apr 9, 2014 7:03am Apr 9, 2014 7:03am
What is Day Double Inside Bar?

just another way to see market consolidation, then we trade the breakout.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD D chart view.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,244
  • Apr 9, 2014 7:05am Apr 9, 2014 7:05am
Quoting emmanuel7788
GBPJPY 9 Apr GMT1122 waiting for a setup: {image}

H1 closed ugly. NO GO.

Back to waiting.....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,245
  • Apr 9, 2014 7:11am Apr 9, 2014 7:11am
Quoting timginter
{quote}If it goes up you're a psychic to me Could you explain your entry, please? I've tried to see what you saw, but it shows me nothing{image}
It looked much better at the time
Attached Image (click to enlarge)
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  • #35,246
  • Apr 9, 2014 7:15am Apr 9, 2014 7:15am
As I go lay down my head for the night at least I leave the daily trades swimming above water
Attached Image
  • #35,247
  • Apr 9, 2014 7:24am Apr 9, 2014 7:24am
Quoting Bizzzle
{quote} Big E words: {image}
Does that mean that we only trade if the previous bar at close is above EMA and entry bar like wise?

If so then my CADCHF was a no trade?
  • #35,248
  • Apr 9, 2014 7:28am Apr 9, 2014 7:28am
Quoting GilR
{quote} It looked much better at the time {image}
Lastingwell's method may have saved you in that trade.... it would have been the first M15 cross in the direction of your 1Hr/4Hr cross.
.... laughing all the way to the bank
  • #35,249
  • Apr 9, 2014 7:43am Apr 9, 2014 7:43am
Quoting itsallover
{quote} Lastingwell's method may have saved you in that trade.... it would have been the first M15 cross in the direction of your 1Hr/4Hr cross.
It is going ok now and will close soon
  • #35,250
  • Apr 9, 2014 7:47am Apr 9, 2014 7:47am
Quoting itsallover
{quote} I will. PA is always playing tricks on me ... as soon as I adapt it changes again...should I trade higher timeframes?... no lower timeframes ?... both? maybe.... PA will still find a way to try and get those pips back from me

There hasn't been a candle on EU H1 that I would go long on today. Well there was one, but that was a signal candle.

Also I think Eu sentiment is changing. PA is trying to go higher, but TDI is drifting (slightly) the other way.

Or maybe we are just waiting for news. FOMC meeting later.
  • #35,251
  • Apr 9, 2014 8:07am Apr 9, 2014 8:07am
Quoting pundit78
Long on EURCAD, although not a good entry as it is near to BRN and also is range bound on H4 but still hoping it will atleast 30 pips as TDI is in good shape and all the TFs are bullish except Weekly. Its better to stay aside then to take a trade that sucks. {image}

Its better to stay aside then to take a bad trade.
  • #35,252
  • Apr 9, 2014 8:11am Apr 9, 2014 8:11am
Quoting hostwey
{quote} There hasn't been a candle on EU H1 that I would go long on today. Well there was one, but that was a signal candle. Also I think Eu sentiment is changing. PA is trying to go higher, but TDI is drifting (slightly) the other way. Or maybe we are just waiting for news. FOMC meeting later.
Yah I see it...PA went pretty much quiet after that candle. I also think you're right about the news..... no moves until then. Well, we just have to keep our money in our pockets until a good setup shows up. I'm only going for AAA trades... I'd rather not trade for two days then get chopped about.
.... laughing all the way to the bank
  • #35,253
  • Apr 9, 2014 8:12am Apr 9, 2014 8:12am
My best trade for today. I took 5 or 6 trades on H1 at LO. All the others made totally a break even but this moved.
Closed them all manually because waiting for FOMC will slow the market till the announcement.
Attached Image (click to enlarge)
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  • #35,254
  • Apr 9, 2014 8:17am Apr 9, 2014 8:17am
Week 1, Day 3 Trading like Big E described on Page 1:

6am:

GBPJPY- -1 (Closed at 10am)

10am:

USDCAD- -9

GBPUSD- -23

Daily Total = -33 pips

Weekly Total = -9 pips

A disappointing day but if I'd have followed Bizzzle's advice on only entering when price breaks the 5 ema I could have avoided all of today's losses.
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Focus on the process and the profits will follow
  • #35,255
  • Apr 9, 2014 8:24am Apr 9, 2014 8:24am
Quoting Ballistical
Week 1, Day 3 Trading like Big E described on Page 1: 6am: GBPJPY- -1 (Closed at 10am) 10am: USDCAD- -9 GBPUSD- -23 Daily Total = -33 pips Weekly Total = -9 pips A disappointing day but if I'd have followed Bizzzle's advice on only entering when price breaks the 5 ema I could have avoided all of today's losses. {image} {image} {image}
Good stuff.
Now that you know where you went wrong there's no excuse. Drinks on you if you fail
.... laughing all the way to the bank
  • #35,256
  • Apr 9, 2014 8:29am Apr 9, 2014 8:29am
NZDCHF +23 pips, moved SL to BE
Attached Image (click to enlarge)
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Everything you can imagine, is real - Pablo Picasso
  • #35,257
  • Apr 9, 2014 8:43am Apr 9, 2014 8:43am
GBPJPY Weekly chart:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY week15 W1 chart.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,258
  • Apr 9, 2014 8:51am Apr 9, 2014 8:51am
Week 4 day 3 of trading the 4 hour as seen on page 1.

6am:

GJ- -19

AJ- break-even

10am:

UC- -8

EC- -10

Total= -37 for today +30 = -7 for the week first negative day in the last 4 weeks still +497 pips in the last 4 weeks checking my computer 3 times a day

Best of luck everyone and hope you all make lots of green pips
Attached Image (click to enlarge)
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Give yourself a chance and trade it like it's layed out...
  • #35,259
  • Apr 9, 2014 8:53am Apr 9, 2014 8:53am
Quoting Bizzzle
Week 4 day 3 of trading the 4 hour as een on page 1. 6am: GJ- -19 AJ- break-even 10am: UC- -8 EC- -10 Total= -37 for today +30 = -7 for the week first negative day in the last 4 weeks still +497 pips in the last 4 weeks checking my computer 3 times a day Best of luck everyone and hope you all make lots of green pips {image}
Bad luck mate. Better luck tomorrow.

One of those days, got a feeling it will take off later (london close) or later on, or not at all!
  • #35,260
  • Apr 9, 2014 8:57am Apr 9, 2014 8:57am
Quoting hostwey
{quote} Bad luck mate. Better luck tomorrow. One of those days, got a feeling it will take off later (london close) or later on, or not at all!
I was actually wondering when it was gonna happen I thought, I know Big E was good but a negative day has to come soon lol

Going out now so I will not be replying to anyone till tomorrow!

Good luck to you all
Give yourself a chance and trade it like it's layed out...
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