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Trading Made Simple

  • #39,761
  • Edited 11:41am Jul 10, 2014 11:05am | Edited 11:41am
I should have exited on the first push like I normally would, but sought a slightly larger profit target than usual. [Was targeting about the middle of that blue bar on the run down. Of course price has now reached it.]

Divergence + Pin Bars & HA Retest + TDI Cross + H1 TDICross
Attached Image (click to enlarge)
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Small disciplines repeated with consistency lead to great achievements.
  • #39,762
  • Jul 10, 2014 11:29am Jul 10, 2014 11:29am
Quoting flinx
{quote} What sort of rules are you using for TP? Big E seemed to go by the rule of when the TDI levels/hooks to get out. You appear to be using a more S/R type target setting?

I trade with the pre-vailing trend and look for support/resistance to TP.

I tend to use the TDI for judging entry and then watching PA for my exit.

Big E was trading at $10 a pip so he wasn't going to take any chances in losing what he had gained even 10 pips was $100 to him.

I'm not trading anywhere near that level by risking 0.25% per trade.
  • #39,763
  • Jul 10, 2014 1:07pm Jul 10, 2014 1:07pm
Quoting jmflukeiii
I should have exited on the first push like I normally would, but sought a slightly larger profit target than usual. [Was targeting about the middle of that blue bar on the run down. Of course price has now reached it.] Divergence + Pin Bars & HA Retest + TDI Cross + H1 TDICross {image}
Same thing as the other trade, thought it might have a little better legs -

Divergence + HA + TDI Cross + Stop Hunt
Attached Image (click to enlarge)
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Small disciplines repeated with consistency lead to great achievements.
  • #39,764
  • Jul 10, 2014 1:08pm Jul 10, 2014 1:08pm
Quoting jmflukeiii
{quote} Same thing as the other trade, thought it might have a little better legs - Divergence + HA + TDI Cross + Stop Hunt {image}
For some reason, I must have not submitted my earlier post showing my EU loss today [maybe it was subconsciously on purpose ]-

Same setup as the others, just too early on it - the only difference was the TDI really had no divergence, and the stoch divergence was weak. Plus I didn't have a retest or stop hunt like the other two -
Attached Image (click to enlarge)
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Small disciplines repeated with consistency lead to great achievements.
  • #39,765
  • Jul 10, 2014 3:08pm Jul 10, 2014 3:08pm
Guys share your setups that you have seen for tmw :-). Get us newbies seeing winning charts and setups!!
Skype ID - jagpal.kooner1
  • #39,766
  • Jul 10, 2014 3:10pm Jul 10, 2014 3:10pm
Quoting jmflukeiii
I should have exited on the first push like I normally would, but sought a slightly larger profit target than usual. [Was targeting about the middle of that blue bar on the run down. Of course price has now reached it.] Divergence + Pin Bars & HA Retest + TDI Cross + H1 TDICross {image}
what stop you from taking the long 4 candles earlier. HA was also blue, just curious
the cautious seldom err....C
  • #39,767
  • Jul 10, 2014 3:29pm Jul 10, 2014 3:29pm
Quoting jmflukeiii
{quote} Same thing as the other trade, thought it might have a little better legs - Divergence + HA + TDI Cross + Stop Hunt {image}
good trade on 15mtf..perhaps could have gone in several pips earlier
the cautious seldom err....C
  • #39,768
  • Jul 10, 2014 3:55pm Jul 10, 2014 3:55pm
Quoting jagpalsingh
Guys share your setups that you have seen for tmw :-). Get us newbies seeing winning charts and setups!!
A trade on the daily. Bearish engulfing candle, TDI rejected at 50 and moving down and had crossed slightly
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the cautious seldom err....C
  • #39,769
  • Jul 10, 2014 4:09pm Jul 10, 2014 4:09pm
out with 30 pips
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the cautious seldom err....C
  • #39,770
  • Jul 10, 2014 4:30pm Jul 10, 2014 4:30pm
Quoting pips29
{quote} what stop you from taking the long 4 candles earlier. HA was also blue, just curious
The gray box on the chart is from that indicator I-paramon-work-time, which shades the New York / London overlap when I trade.... point being, that first blue was prior to the box meaning I was sleeping!

If you notice, however, I did take the first blue (well, the first HA turn on EU), so I wouldn't have necessarily skipped it. However, I much prefer the HA turn, HA turn back [retest], HA turn again (i.e. Blue, Red, Blue) in this circumstance. Its not a necessary prerequisite in my trading plan, although a much preferred condition. To be honest, I rushed the EU entry because GU was looking strong, and was too confident in their correlation. Not a big deal, just a reminder to trade each pair/market/instrument on its own merit.
Small disciplines repeated with consistency lead to great achievements.
  • #39,771
  • Jul 10, 2014 4:32pm Jul 10, 2014 4:32pm
Quoting pips29
{quote} good trade on 15mtf..perhaps could have gone in several pips earlier
Thank you - I appreciate the comments - I actually trailed that bar up with a buy limit that of course never got filled because I was getting too greedy on my pricing. And, of course, ended up getting the worst pricing!
Small disciplines repeated with consistency lead to great achievements.
  • #39,772
  • Jul 10, 2014 9:08pm Jul 10, 2014 9:08pm
I'll be in bed before this would trigger, plus its not a great time to be trading [but might be by the time its ready], but this is the picture of a chart prior to when I start getting interested in it: approaching HTF support, overextended run down, TDI and Stoch starting to form some divergence, and TDI down in the 20s/30s. Then again, I could be completely wrong and this will go down for another 100... I guess that's trading though
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Small disciplines repeated with consistency lead to great achievements.
  • #39,773
  • Jul 11, 2014 12:34am Jul 11, 2014 12:34am
EJ completed an ABCD pattern on H4, so its was more than likely at least a retracement might be due, coupled with a good cross of TDI 12-2 the cross was at 2 oclock at the time of opening the trade

TP currently at +30 might move it higher on strong momentum
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I Have Learned to Take Some Losses to Make Profits
  • #39,774
  • Jul 11, 2014 12:36am Jul 11, 2014 12:36am
uchf short entered on M30
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Appreciation is the key to wealth and happiness
  • #39,775
  • Jul 11, 2014 12:37am Jul 11, 2014 12:37am
UJ long entered from H1
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Appreciation is the key to wealth and happiness
  • #39,776
  • Jul 11, 2014 12:39am Jul 11, 2014 12:39am
GBPSGD H4 long entered during Asia, now very red...
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Appreciation is the key to wealth and happiness
  • #39,777
  • Jul 11, 2014 12:45am Jul 11, 2014 12:45am
stopped out from UCAD long on H1. buyers too weak (TDI around 32 level and confirmed candle (blue) quite small, well I saw small red candle prior to that and thought seller were dried u). ur comments can add value to others to learn.
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Appreciation is the key to wealth and happiness
  • #39,778
  • Jul 11, 2014 1:15am Jul 11, 2014 1:15am
Quoting likica
stopped out from UCAD long on H1. buyers too weak (TDI around 32 level and confirmed candle (blue) quite small, well I saw small red candle prior to that and thought seller were dried u). ur comments can add value to others to learn. {image}
Hi

I would be very cautious in taking trades against falling MBL or an arched MBL , always remember what Emmanuel said while back never trade against falling MBL

Have done that and burnt my fingers many times
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I Have Learned to Take Some Losses to Make Profits
  • #39,779
  • Jul 11, 2014 1:25am Jul 11, 2014 1:25am
Quoting TheScorpS
{quote} Hi I would be very cautious in taking trades against falling MBL or an arched MBL , always remember what Emmanuel said while back never trade against falling MBL Have done that and burnt my fingers many times {image}
Thank u for your comments. Have a great Friday with lots of green pips to you and all traders here.
Appreciation is the key to wealth and happiness
  • #39,780
  • Jul 11, 2014 2:58am Jul 11, 2014 2:58am
Hi,
Someone can tell me what I did wrong on the next order

Thanks for your help
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