Another flop trading the daily chart. Stopped out of G/Y trade. Must really stop trading using daily chart...becoming hazardous to my wealth
the cautious seldom err....C
- #38,261
- Jun 12, 2014 7:45am Jun 12, 2014 7:45am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
Following up on my current trade with EJ daily and post #38,240 .I have already taken my 114 pips profit yesterday and current trade is an added trade to yesterday and is still doing good. I got 6 more hours in the new candle from my broker.
It would be interesting to see if the current candle breaks the support area, shown in the images below or bounce back and consolidates as it is Friday tomorrow, I might close this trade manually.
Please feel free to comment and suggest.
Kind regards
It would be interesting to see if the current candle breaks the support area, shown in the images below or bounce back and consolidates as it is Friday tomorrow, I might close this trade manually.
Please feel free to comment and suggest.
Kind regards
- #38,269
- Jun 12, 2014 10:43am Jun 12, 2014 10:43am
{quote} Hi MrAussieFX, are the large pink arrows an indi you have on your chart, i was wondering if you could point me to it, thank you, Shane.
- #38,271
- Jun 12, 2014 11:46am Jun 12, 2014 11:46am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
Here is my EUR AUD H4 short of today, break of yesterday low and confirmation by TDI. A good example of an classic TMS trade? {image}
... Just be aware how close you are to the 68 & 32 line and pay close attention The TDI and Stochs are giving opposite signals... Also pay attention to the left on the TDI for tops and bottoms... there pretty accurate for reversals... It may be ok but I would have passed looking for another chart set up... I only pick the best chart set ups to trade... there are plenty and no itchy finger here to jump in... just pick the most solid looking set ups... it 'll make you lots of pips. Just my 3 cents...
When checking out the TDI for a possible trade: Think of a wall clock here and it's arms... you want to see the green line for a long trade at the 12-2 angle for best results and ashort trade at a 4-6 angle... This is basic 4x stuff... Don't try to read things into the TDI just so you can get into a trade... If the green line looks like it's at a 2-4 angle... it's weak. Pass on it. This holds true for PA too for best results...
- #38,273
- Jun 12, 2014 3:33pm Jun 12, 2014 3:33pm
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
{quote} In my mine, no. {quote} And {quote} But thats just my mine
If you are good at something, never do it for free--Joker
- #38,275
- Jun 12, 2014 3:42pm Jun 12, 2014 3:42pm
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
{quote} I had the same problem with your post
If you are good at something, never do it for free--Joker
- #38,277
- Jun 12, 2014 3:50pm Jun 12, 2014 3:50pm
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
{quote} That would be cool. I really couldnt understand your post with the chart
If you are good at something, never do it for free--Joker
Reaping EZ pips just keeping it simple. In my opinion(just cause of all the thread drama) Every one should just download the PDF Big E Comments and forget the thread. Anything else a lot of these people post in here is just going to confuse/distract from keeping it simple.
Remember guys the TDI is the HEART of the system.... so quit trying to give it a transplant!!(fibs, guppies, channels, MBL, extra MA's, etc)
Open Trades
Closed Trades for Today
K.I.S.S!!!!!!!!!!!!!!!!!!!!!!!
Remember guys the TDI is the HEART of the system.... so quit trying to give it a transplant!!(fibs, guppies, channels, MBL, extra MA's, etc)
Open Trades
Closed Trades for Today
K.I.S.S!!!!!!!!!!!!!!!!!!!!!!!
Luck is what happens when preparation meets opportunity
- #38,279
- Jun 12, 2014 4:28pm Jun 12, 2014 4:28pm
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
If you are good at something, never do it for free--Joker