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Trading Made Simple

  • #40,981
  • Sep 11, 2014 3:04am Sep 11, 2014 3:04am
Quoting toledoFX
{quote} I guess it's better to wait until next candle(s) brokes the low of LO candle. There is no reason to enter EUR/JPY right now. Also you need to watch the cadles - there is no momentum and no red candles yet.
Thanks ToledoFX. Yup I waited as PHX62 does. As EUR was so strong atm, and look at EJ go, shooting up. by London Open candle do you mean the 8am British summer time?
  • #40,982
  • Sep 11, 2014 3:05am Sep 11, 2014 3:05am
Quoting MrAussieFX
EJ H1 trade {image} EA H1 lost trade {image} Kindest regards
I would have got out of that trade a while back all trades don't work out , plus there are other trading opportunities out there to take ..
  • #40,983
  • Sep 11, 2014 3:12am Sep 11, 2014 3:12am
Quoting forexknight
does anyone has any idea where is big e? Why doesnt he post on this thread anymore?


passed away a couple of years ago
"You know what needs to be addressed , completely completely reverse that".
  • #40,984
  • Sep 11, 2014 3:20am Sep 11, 2014 3:20am
Quoting froglicker
Took a short on EJ, looked like a decent price to enter with conservative SL. H1 and H4 crossed, pullback on H1 at previous high. TP1 50 pips, will move SL accordingly. {image}
SL hit 20pips, bad call on my part. should've been more patient.

Quoting toledoFX
{quote} I guess it's better to wait until next candle(s) brokes the low of LO candle. There is no reason to enter EUR/JPY right now. Also you need to watch the cadles - there is no momentum and no red candles yet.
This. I should prolly pay more attention to this, i guess.
Well, chalk it up to experience.
Losing is winning in a different kind of way, to me.
  • #40,985
  • Sep 11, 2014 3:21am Sep 11, 2014 3:21am
Quoting Arkhambliss
{quote} Thanks ToledoFX. Yup I waited as PHX62 does. As EUR was so strong atm, and look at EJ go, shooting up. by London Open candle do you mean the 8am British summer time?
The previous H1 candle was the LO candle. Yep, i guess it's 8am London time.
  • #40,986
  • Sep 11, 2014 3:23am Sep 11, 2014 3:23am
Quoting Kmw
{quote} passed away a couple of years ago
may his soul rest in peace.
i read his posts and he was a good soul.
he gave people a really good way of trading in this thread of his.
he just knew how to get those pips and get out.
i am a nobody
  • #40,987
  • Sep 11, 2014 4:11am Sep 11, 2014 4:11am
Comments please
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  • #40,988
  • Sep 11, 2014 5:37am Sep 11, 2014 5:37am
The trend on EJ and GJ to my thinking is still intact, I think it still early to short these 2 pairs, so am setting a side

Took +13 pips on EA from a 50 + pips , I will wait a bit more before giving those tiny pips back to the market

So good luck

Dont follow this plan, just follow ur plan and ur rules
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I Have Learned to Take Some Losses to Make Profits
  • #40,989
  • Sep 11, 2014 5:38am Sep 11, 2014 5:38am
Took this trade some time yesterday on a TDI bounce and a cross over on a lower TF. Still in it now and am up almost 500pip
Attached Image (click to enlarge)
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Learning is all about about asking the right questions!
  • #40,990
  • Sep 11, 2014 5:38am Sep 11, 2014 5:38am
Quoting froglicker
Took a short on EJ, looked like a decent price to enter with conservative SL. H1 and H4 crossed, pullback on H1 at previous high. TP1 50 pips, will move SL accordingly. {image}
I may have a different H4 candle because of broker times, but what did your h4 chart look like before you took the trade.
  • #40,991
  • Sep 11, 2014 5:39am Sep 11, 2014 5:39am
Quoting reeeen4
Took this trade some time yesterday on a TDI bounce and a cross over on a lower TF. Still in it now and am up almost 500pip {image}
Lovely trading
  • #40,992
  • Sep 11, 2014 5:42am Sep 11, 2014 5:42am
Quoting reeeen4
Took this trade some time yesterday on a TDI bounce and a cross over on a lower TF. Still in it now and am up almost 500pip {image}
Do you need help collecting those pips

I Have Learned to Take Some Losses to Make Profits
  • #40,993
  • Sep 11, 2014 5:55am Sep 11, 2014 5:55am
Hahaha thanks!!

I'm actually fairly new to this trading strategy but have been having amazing success since I started!!

Hopefully I can get some more trades like this
Learning is all about about asking the right questions!
  • #40,994
  • Sep 11, 2014 6:36am Sep 11, 2014 6:36am
about 20 pips on this one so far loving this
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  • #40,995
  • Sep 11, 2014 6:39am Sep 11, 2014 6:39am
Quoting lastingwell
{quote} I may have a different H4 candle because of broker times, but what did your h4 chart look like before you took the trade.
Sorry, can't remember correctly, but now it looks like it tested the 10EMA.
Guess that was my bad.
Here's what my EJ H4 shows now. a green bounce.
How do i determine if i should take this trade?

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  • #40,996
  • Sep 11, 2014 7:00am Sep 11, 2014 7:00am
Quoting froglicker
{quote} Sorry, can't remember correctly, but now it looks like it tested the 10EMA. Guess that was my bad. Here's what my EJ H4 shows now. a green bounce. How do i determine if i should take this trade? {image}
Those bounces on EMA 10 on h4 are powerful, I will use them for entry for add on position, you name it

Now EJ and GJ candle stick pattern are interesting
I Have Learned to Take Some Losses to Make Profits
  • #40,997
  • Sep 11, 2014 7:03am Sep 11, 2014 7:03am
EA H1 long? Bounce on H1 and cross on H4. But it might form a double top at yesterday's high with tdi divergence. What are your opinions on this, take the trade or skip?
  • #40,998
  • Sep 11, 2014 7:06am Sep 11, 2014 7:06am
Quoting Arkhambliss
EA H1 long? Bounce on H1 and cross on H4. But it might form a double top at yesterday's high with tdi divergence. What are your opinions on this, take the trade or skip?
Just about to post this.
I;m not sure.
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  • #40,999
  • Sep 11, 2014 7:10am Sep 11, 2014 7:10am
Quoting Arkhambliss
EA H1 long? Bounce on H1 and cross on H4. But it might form a double top at yesterday's high with tdi divergence. What are your opinions on this, take the trade or skip?
I would rather wait to sell EA , just my opinion, its your call
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I Have Learned to Take Some Losses to Make Profits
  • #41,000
  • Sep 11, 2014 7:11am Sep 11, 2014 7:11am
Quoting froglicker
{quote} Just about to post this. I;m not sure. {image}
Probably best to leave it I guess, and only use our monies for higher probabbility trades. Number 1 rule is to preserve capital, not make profits
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