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  • #36,981
  • Apr 30, 2014 4:49am Apr 30, 2014 4:49am
Quoting Ballistical
Another loss for me Took CADJPY short at 6am after a strong TDI cross, large first candle, with stochs confirmation and once again it reversed on me... {image}
Why did you exit? Never mind I presume its because the tdi turned up? JPY news this morning so it might have been better to give the jpy crosses a miss at 6am.
  • #36,982
  • Apr 30, 2014 4:54am Apr 30, 2014 4:54am
Quoting Forexhja
Hello guys i'm new on this thread but I want to ask what you mean by stochs confirmation, does it means that it is already 80 or above and you are looking for shorts(or 20 and below and you are looking for buys) because I see some posts about having the Stochs crossing the TDI, is there is DTI that have stochs in it. Also what does the perfect setup means, I read so many rules like I should search for longs above 50 and below 68, short below 50 and above 32, like there is many cross overs but how to minimize my risk of having one that revers on...
Read post 1 thoroughly, those are the main rules, eelfranz also explains what you should look for in the stochastic.
  • #36,983
  • Apr 30, 2014 5:17am Apr 30, 2014 5:17am
Quoting lastingwell
{quote}Read post 1 thoroughly, those are the main rules, eelfranz also explains what you should look for in the stochastic.
Thank for the reply lastingwell, however I went through the post many times and I only read that Stochastics is used for confirmation, and then there is another posts about Graig Harris thread with links that is specific for registered members, can you please point the phrase of which he is saying what does the confirmation means or if you are generous enough you can just break it down for me.

best
  • #36,984
  • Apr 30, 2014 5:25am Apr 30, 2014 5:25am
Quoting Forexhja
{quote} Thank for the reply lastingwell, however I went through the post many times and I only read that Stochastics is used for confirmation, and then there is another posts about Graig Harris thread with links that is specific for registered members, can you please point the phrase of which he is saying what does the confirmation means or if you are generous enough you can just break it down for me. best
Sorry I thought it was in the first post but its not, there is though a pdf (if you click on the paperclip at the top of the thread) that you can download with all his posts in.

The stoch is only used for direction, so he would put in a buy if it was heading up, above 20 and below 80, and vice versa for shorts.

Also when the cross on H4 happens on the tdi you should not go in if its the 3rd HA candle you would be going in on, so if a buy, you don't go in on the 3rd bull candle, only 1 or 2. The reasoning there is that the HA candles go for between 3-8 candles before retracing, so you increase your chances of the trade being ok.

You should also go in if its a good cross on the tdi (meaning a good angle on the green line) at the beginning of that h4 candle.
  • #36,985
  • Apr 30, 2014 5:45am Apr 30, 2014 5:45am
Quoting Ballistical
Another loss for me Took CADJPY short at 6am after a strong TDI cross, large first candle, with stochs confirmation and once again it reversed on me... {image}
I took the same trade....should have passed as lastingwell mentioned.
  • #36,986
  • Apr 30, 2014 5:56am Apr 30, 2014 5:56am
Quoting CharlieTuna
{quote} I took the same trade....should have passed as lastingwell mentioned.
Either passed on it altogether or know you're probably in for a bumpy ride and leave the trade alone to do its own thing.
  • #36,987
  • Apr 30, 2014 6:08am Apr 30, 2014 6:08am
Guys,

ADP Non-Farm Employment Change is coming soon , should i be worried . is it he kind of FOMC event that kill all buyers and sellers at the same time? There seems to be many forms of FOMC announcement.

Thx
Life Is Good
  • #36,988
  • Apr 30, 2014 6:10am Apr 30, 2014 6:10am
Quoting cowcool
Guys, ADP Non-Farm Employment Change is coming soon , should i be worried . is it he kind of FOMC event that kill all buyers and sellers at the same time? There seems to be many forms of FOMC announcement. Thx
As long as you have chocies and water you'll be alright
.... laughing all the way to the bank
  • #36,989
  • Apr 30, 2014 6:14am Apr 30, 2014 6:14am
Sorry I'm a bit late posting this trade, took EA long and also EN at the same time, didn't take a screenprint of EN but both charts looked basically the same.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh130-4.png Size: 27 KB
  • #36,990
  • Apr 30, 2014 6:22am Apr 30, 2014 6:22am
Quoting itsallover
{quote} As long as you have chocies and water you'll be alright
  • #36,991
  • Apr 30, 2014 6:27am Apr 30, 2014 6:27am
2 bounce trade

eurgbp...eurusd
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD 4-30-2014.png Size: 45 KB
Click to Enlarge Name: EURGBP 4-30-2014.png Size: 43 KB
Sad i'm not trying to understand PA
  • #36,992
  • Apr 30, 2014 6:37am Apr 30, 2014 6:37am
Quoting lastingwell
Sorry I'm a bit late posting this trade, took EA long and also EN at the same time, didn't take a screenprint of EN but both charts looked basically the same. {image}
Moved to BE on both as its not too long before ADP.
  • #36,993
  • Apr 30, 2014 6:52am Apr 30, 2014 6:52am
The epitome of a noobie mistake! Probably shouldn't have been in the trade anyway as it was entered 2 hours before Euro news. Gave it a 50 pip SL but it started to pull back so lost my nerve because of the news and moved the SL much closer. A picture tells a thousand words and the rest is history! Just hit my TP which makes it a tad worse lol.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1noobie mistake.png Size: 90 KB
Per Ardua Ad Astra - Through Adversity To The Stars
  • #36,994
  • Apr 30, 2014 6:57am Apr 30, 2014 6:57am
Quoting lastingwell
{quote}Sorry I thought it was in the first post but its not, there is though a pdf (if you click on the paperclip at the top of the thread) that you can download with all his posts in. The stoch is only used for direction, so he would put in a buy if it was heading up, above 20 and below 80, and vice versa for shorts. Also when the cross on H4 happens on the tdi you should not go in if its the 3rd HA candle you would be going in on, so if a buy, you don't go in on the 3rd bull candle, only 1 or 2. The reasoning there is that the HA candles go for...
Thanks a Million man, appreciate your input.
  • #36,995
  • Apr 30, 2014 6:58am Apr 30, 2014 6:58am
Quoting Flipper58
The epitome of a noobie mistake! Probably shouldn't have been in the trade anyway as it was entered 2 hours before Euro news. Gave it a 50 pip SL but it started to pull back so lost my nerve because of the news and moved the SL much closer. A picture tells a thousand words and the rest is history! Just hit my TP which makes it a tad worse lol. {image}
Its my first trading day after being away for so long. LW has a neat way of avoiding pullbacks,,,, rather than trading the 1Hr cross... wait for the first 5/15 minute cross after the TDI 1Hr cross in the same direction. It would have given you the same entry as her EJ long... check it out.
.... laughing all the way to the bank
  • #36,996
  • Apr 30, 2014 7:05am Apr 30, 2014 7:05am
Quoting GilR
{quote}... there is new DL with instructions

Thanks for this demo Gil - I have installed it and look forward to 'simplifying simple' to make life easier.
  • #36,997
  • Apr 30, 2014 7:07am Apr 30, 2014 7:07am
Took this EA H1 trade based on TMS second candle open, TDI cross entry:
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 300414 buy.png Size: 186 KB


Took profits as per the cavemanger settings:
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 300414 half profit.png Size: 197 KB


Got the trade to BE (spread included) before the big US news. Might consider adding to the position if news favors the trade other wise its a free trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 BE on 300414 before news.png Size: 170 KB


Regards
  • #36,998
  • Apr 30, 2014 7:12am Apr 30, 2014 7:12am
EURNZD, same case with itsallover, except I did not move the TP. It was -20 from the blue pivot line from the beginning, and the price went -22.

gave back 41pips from yesterday's +90.
Attached Image (click to enlarge)
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  • #36,999
  • Apr 30, 2014 7:32am Apr 30, 2014 7:32am
Quoting as002
EURNZD, same case with itsallover, except I did not move the TP. It was -20 from the blue pivot line from the beginning, and the price went -22. gave back 41pips from yesterday's +90. {image}


....so you gave back 41 pips....you're certainly not fussed by it. In fact, quite the opposite.... you're ecstatic. What gives ?lol.
.... laughing all the way to the bank
  • #37,000
  • Apr 30, 2014 7:53am Apr 30, 2014 7:53am
Quoting itsallover
{quote} ....so you gave back 41 pips....you're certainly not fussed by it. In fact, quite the opposite.... you're ecstatic. What gives ?lol.

I am not ecstatic, nor angry. I am OK.
I was not in front of the screen. It was a really good setup. TP 10pips below the 200ma, at +50. Price bounced 3 times off the blue line.
TDI cross was there, just above the MBLine.

The SL seemed to be OK.

I think I woluld trade it again.
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