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  • #38,321
  • Jun 13, 2014 4:28am Jun 13, 2014 4:28am
short taken yesterday . Notice the cross above 68 level then and now at 50 level BUT price has move only about12 pips...really strange
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the cautious seldom err....C
  • #38,322
  • Jun 13, 2014 4:32am Jun 13, 2014 4:32am
Another strange one with N/Y . TDI now at 50 level
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the cautious seldom err....C
  • #38,323
  • Jun 13, 2014 4:32am Jun 13, 2014 4:32am
Quoting pips29
short taken yesterday . Notice the cross above 68 level then and now at 50 level BUT price has move only about12 pips...really strange {image}
You seem to like countertrend.
  • #38,324
  • Jun 13, 2014 4:38am Jun 13, 2014 4:38am
Quoting pips29
short taken yesterday . Notice the cross above 68 level then and now at 50 level BUT price has move only about12 pips...really strange {image}
Hi Pips, Dean Malone, creator of the TDI has addresser this very point, could be wrong but from memory I think he said it indicates a continuation of the trend. You'll find plenty of his videos over at compassfx if you haven't visited there.
  • #38,325
  • Jun 13, 2014 4:40am Jun 13, 2014 4:40am
Quoting JackAntigua
{quote} You seem to like countertrend.
The reason was both kiwi trades came to resistence areas and has gone way past the range of the day, remember big E did mention to look left to see where S/R areas. In any case, price moves in waves....just catching smaller waves with C/T trades
the cautious seldom err....C
  • #38,326
  • Jun 13, 2014 4:42am Jun 13, 2014 4:42am
Quoting Tanglewood
{quote} Hi Pips, Dean Malone, creator of the TDI has addresser this very point, could be wrong but from memory I think he said it indicates a continuation of the trend. You'll find plenty of his videos over at compassfx if you haven't visited there.
Do you mean continuation of previous trend?
the cautious seldom err....C
  • #38,327
  • Jun 13, 2014 4:52am Jun 13, 2014 4:52am
Quoting JackAntigua
{quote} You seem to like countertrend.
This is the daily chart. The candle on the left is the candle which shows the downtrend after a short upmove. Price has come back to this candle and the wick is an area of consolidation where bulls and bears are battling and the bears seem to have won which showed the wick. Hope it clarifies why I took the trade .C/T trades are not easy but rewards can be high if move is a reversal BUT newbies should stick to the trend
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the cautious seldom err....C
  • #38,328
  • Jun 13, 2014 5:05am Jun 13, 2014 5:05am
Took this short on GU. Resistance at 1.7000, also strong resistance in May.
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  • #38,329
  • Jun 13, 2014 5:08am Jun 13, 2014 5:08am
Quoting Pipsmurfer
Took this short on GU. Resistance at 1.7000, also strong resistance in May. {image}
so you like C/T too. This was my target when I had the longs but if 1.70 broken it's going much higher. I am actually looking to long on a retrace
the cautious seldom err....C
  • #38,330
  • Jun 13, 2014 5:23am Jun 13, 2014 5:23am
Hi guys, I'm looking for programmer, who can make trailing stop EA for me. I found a lot of simmilar EA's on web, but none of them was exactly what I want to use.

How EA should work: I will manually open position (0 pips), set TP (+60 pips) and SL (-20 pips) . If I gain +22 pips, trailing stop starts at +20 pips and move by steps of +5 pips. Until price hits +22 pips SL will stay at -20 pips.

I hope somebody will help me with this EA.
Wish all of you good luck.
Sorry for my english.
  • #38,331
  • Jun 13, 2014 5:31am Jun 13, 2014 5:31am
Quoting pips29
{quote} so you like C/T too. This was my target when I had the longs but if 1.70 broken it's going much higher. I am actually looking to long on a retrace
Yes, you are right, its a counter trend trade, i placed a SL just above the latest high at -30 pips. Let us see where it goes, I took a small position.
  • #38,332
  • Jun 13, 2014 5:48am Jun 13, 2014 5:48am
Quoting Pipsmurfer
{quote} Yes, you are right, its a counter trend trade, i placed a SL just above the latest high at -30 pips. Let us see where it goes, I took a small position.
wish you green pips. Bulls and bears make money..only pigs get slaughtered.. I am going out to spend some time on this beautiful, sunny day. All positions locked in at b/e+ so stressssssssfree..yippie
the cautious seldom err....C
  • #38,333
  • Jun 13, 2014 5:51am Jun 13, 2014 5:51am
Though, I had sworn not to trade till this week end, till I complete all my notes, Could not help myself when I saw this strong signal ...
Advice's please ...
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  • #38,334
  • Jun 13, 2014 5:54am Jun 13, 2014 5:54am
Quoting pips29
{quote} Do you mean continuation of previous trend?
Yes Pips, continuation of the overall price trend, in this case, up.
  • #38,335
  • Edited 9:44am Jun 13, 2014 9:13am | Edited 9:44am
Quoting adikashyap
Though, I had sworn not to trade till this week end, till I complete all my notes, Could not help myself when I saw this strong signal ... Advice's please ... {image}

Looks like a decent set up but I personally would not have taken the trade for three reasons.

1. The time of day(this isn't major I just personally like to only take 4h trades going into the London sesh)
2. We're going into weekend.
3. The price has been up trending for a few days now so your kind of fighting the trend/counter trend trading.


good luck on the trade though and remember to study big e's posts.
Luck is what happens when preparation meets opportunity
  • #38,336
  • Jun 13, 2014 9:39am Jun 13, 2014 9:39am
Quoting Tanglewood
{quote} Yes Pips, continuation of the overall price trend, in this case, up.
thanks Tanglewood . I'll take your word for it as I am not a keen reader. Anyway, someone did mention if TDI is around 50 it means consolidation. I had taken 40% off. The other trade was stopped out .
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the cautious seldom err....C
  • #38,337
  • Jun 13, 2014 9:46am Jun 13, 2014 9:46am
taken 25% off. Keeping the rest till target hit as TDI has moved further down and below 50 . MBL is crossing down and below 68 too
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the cautious seldom err....C
  • #38,338
  • Jun 13, 2014 10:33am Jun 13, 2014 10:33am
Quoting adikashyap
Though, I had sworn not to trade till this week end, till I complete all my notes, Could not help myself when I saw this strong signal ... Advice's please ... {image}
How did it work out?
Everything you can imagine, is real - Pablo Picasso
  • #38,339
  • Jun 13, 2014 12:51pm Jun 13, 2014 12:51pm
Here are the trades I have going with TMS, I time stamped them so you can adjust it to wherever you live. My time zone is GMT -6. Just go to your chart and view the bar where the signal occurred.
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If you are good at something, never do it for free--Joker
  • #38,340
  • Jun 13, 2014 12:52pm Jun 13, 2014 12:52pm
Quoting pips29
{quote} thanks Tanglewood . I'll take your word for it as I am not a keen reader. Anyway, someone did mention if TDI is around 50 it means consolidation. I had taken 40% off. The other trade was stopped out . {image}
Hi Pips, yes you're right, that is another thing that Dean Malone talks about, that when the yellow MBL moves to the 50 area it shows consolidation and particularly so when the red and green also move to around that area.
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