- #37,002
- Apr 30, 2014 8:05am Apr 30, 2014 8:05am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
{quote} 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.
- #37,003
- Apr 30, 2014 8:06am Apr 30, 2014 8:06am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote} 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.
Glutton for punishment hey?
Good about not being too fussed either way....unlike some people... who depending on the outcome... eiither run around the block doing an Indian dance..... or pull their hair out... not naming any names lol...
.... laughing all the way to the bank
- #37,004
- Apr 30, 2014 8:11am Apr 30, 2014 8:11am
{quote} As long as you have chocies and water you'll be alright
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}
No update from "2pm", I did not close my trades as by "H4 TMS" rules. My SL held easily, I double checked the setups and PA, zoomed out and checked S/R. Both still looked sound (even though counter-trend D1). I left them for the US open. Closed AUDCAD at BE (didn't look good. greed management
), left NZDCAD for 15 pips - it looked better and it looked like a beginning of a bounce forming.
Setups seemed ok at 6am, but there was consolidation and CAD news - I might have simply got lucky with the news and I hate the feeling of luck rather than correct analysis :/
I'll monitor NZDCAD, I wonder if the bounce will continue.
- #37,005
- Edited 8:29am Apr 30, 2014 8:17am | Edited 8:29am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote}haha
So annoying when PA does that.....
I'll be posting smaller trades.... hope thats ok.
.... laughing all the way to the bank
- #37,006
- Apr 30, 2014 8:31am Apr 30, 2014 8:31am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
{quote} The pullbacks is one reason I don't like trading the longer timeframes.... or if I had to trade them, I'd trade using LW's method. So annoying when PA does that.....
I have a new way of trading now though, I am on H1 and go in when H1 crosses the mbl as long as the h4 tdi has started to move up or down when I take it. So far so good. - #37,007
- Apr 30, 2014 8:37am Apr 30, 2014 8:37am
{quote}I did exactly the same thing last week - closed half-way to my SL... 30 seconds later the price went back up. I calmed down, re-evaluated the setup and re-entered the trade. Even if you lose your nerve, a good setup is a good setup [/quote]
Glad I'm not the only one I got them back plus another 30 odd on EC and GJ tonight so not too disappointed but it really is my weak point right now. I did exactly the same on EC last night which was even worse, got up this morning and saw price had surfed down the MA to the tune of 155pips which hurts a bit but it's all part of the learning curve. Tomorrow's another fight!
[/quote]Glad I'm not the only one
I got them back plus another 30 odd on EC and GJ tonight so not too disappointed but it really is my weak point right now. I did exactly the same on EC last night which was even worse, got up this morning and saw price had surfed down the MA to the tune of 155pips which hurts a bit but it's all part of the learning curve. Tomorrow's another fight!
Per Ardua Ad Astra - Through Adversity To The Stars
- #37,008
- Apr 30, 2014 8:38am Apr 30, 2014 8:38am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote}It had better be ok or I'll complain
.... laughing all the way to the bank
- #37,009
- Apr 30, 2014 8:41am Apr 30, 2014 8:41am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
{quote} Your trades are always good though
- #37,011
- Apr 30, 2014 9:12am Apr 30, 2014 9:12am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
.... laughing all the way to the bank
- #37,013
- Apr 30, 2014 9:55am Apr 30, 2014 9:55am
- Joined Aug 2012 | Status: Trader | 18,663 Posts
the cautious seldom err....C
- #37,014
- Edited 11:38am Apr 30, 2014 11:01am | Edited 11:38am
{quote} Dear timginter, Kindly assist with the indicator setting of the TDI on the indicator window. Attached Image (click to enlarge) {image}
(...){quote}It's "TDI Red Green.mq4" with changed colours and "Stochastic Slope.ex4". I just wanted to save some space on the chart so I put them in one window. I didn't like how TDI and Stochs then float around all the time, I wanted a point of reference for both so I set them to a fixed range - TDI with 25-75 and Stochastic Slope with 0-100
- #37,015
- Apr 30, 2014 5:18pm Apr 30, 2014 5:18pm
Another loss for meTook CADJPY short at 6am after a strong TDI cross, large first candle, with stochs confirmation and once again it reversed on me... {image}
My day trade EC cost me -55. I watched it go from a good profit. I must have had a brain snap. Have laso now realised that news on any time period is a key factor.
There were no London trades for me.
Today I am long on NU and considering short on EN
- #37,017
- Apr 30, 2014 5:38pm Apr 30, 2014 5:38pm
{quote} That's what I was thinking as I saw my loss on the CADJPY. I thought I could ignore the news and that the 4hr chart would work it out.
{quote} Sorry! But we all got stung by the CAD My day trade EC cost me -55. I watched it go from a good profit. I must have had a brain snap. Have laso now realised that news on any time period is a key factor. There were no London trades for me. Today I am long on NU and considering short on EN
Reading your post reminded me of somethign I've observed from back-testing. I hope you don't mind me explaining it a little bit more to you (as its not a BigE style chart template) but here's an example I found on the EC a while back. As we trade the daily, the whipsaws can be bigger especially at times of consolidation in the market, to minimise the occurrences of entering at these times the MBL can tell us a lot. I Understand that you traded this around news releases but it also coincided with what I've observed back-testing so I figured I might shine a little light on it for anyone trading the Daily time-frame.
Image 1: Your trade
Image 2: The benefit of the MBL in understanding the market structure
Good luck,
Erl