{quote} As Usual, likica the inspiration scalping result producer.Green Pips Always
. Did you get in too?
Appreciation is the key to wealth and happiness
- #41,341
- Sep 24, 2014 10:04pm Sep 24, 2014 10:04pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
. Did you get in too?
Had some fun over night with AU. entered two sell orders but both went against me so I just sat and watched.
Then I noticed the candle appeared to be forming a cone in a way I don't remember seeing before so I googled it to find it's called a descending broadening wedge. Found it on a site of a guy named Bulkowski along with how to trade it. Only thing is I put a sellstop #1 on the target because this pair's still falling. Took 10 pips of an hour later with that one, then thought blow it I'll try this again. Setting another sellstop. Woke up this morning to find sellstop #2 hit and the pair halfway down to my original orders. I just sat and watched my TPs get taken out. You beaudy
Note# I only do this if I am sure the pair will continue on in the direction I think it is longterm, in this case down.
Bad trade rescued
Then I noticed the candle appeared to be forming a cone in a way I don't remember seeing before so I googled it to find it's called a descending broadening wedge. Found it on a site of a guy named Bulkowski along with how to trade it. Only thing is I put a sellstop #1 on the target because this pair's still falling. Took 10 pips of an hour later with that one, then thought blow it I'll try this again. Setting another sellstop. Woke up this morning to find sellstop #2 hit and the pair halfway down to my original orders. I just sat and watched my TPs get taken out. You beaudy
Note# I only do this if I am sure the pair will continue on in the direction I think it is longterm, in this case down.
Bad trade rescued
"You know what needs to be addressed , completely completely reverse that".
- #41,343
- Sep 24, 2014 10:44pm Sep 24, 2014 10:44pm
{quote} Thanks for your support
So I took a early revamp changing from TMS-MTF to TDI-MTF. That's suite me better.
Another thing, though I got some green pips from last night, I don't want to get too overconfidence.
Need to rest settle, down and patience.
- #41,345
- Sep 24, 2014 11:18pm Sep 24, 2014 11:18pm
{quote} well done Amilate
I notice the pricing heading that place 2 days ago and I am waiting. During NY market... disaster happened. I zoomed in once 5mins TDI cross, I took the bait. then when 15mins confirm I took another bait. That's was fantastic but exhausting and tiring. I manage to get a slumber good sleep last night after that trade.
.
I took 8 trades this week because of my work during the LO session I have to close some trades way too early and had to miss on some great trades aswell.
AU H1 Sell Trade
GBPNZD H1 Buy Trade
GBPAUD H1 Buy Trade
EJ Daily Trade Explained
Kindest regards
AU H1 Sell Trade
GBPNZD H1 Buy Trade
GBPAUD H1 Buy Trade
EJ Daily Trade Explained
Kindest regards
- #41,347
- Sep 24, 2014 11:56pm Sep 24, 2014 11:56pm
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Sad i'm not trying to understand PA
- #41,348
- Sep 24, 2014 11:56pm Sep 24, 2014 11:56pm
- Joined Jan 2013 | Status: Trader | 1,657 Posts
{quote} Thats some information Lasting-well, top tips from pro, I have been trading EU_EJ_EA_GU_GJ , yesterday GJ gave a signal short, GU already moved in , GJ suffered even tho the signal looked good, I didn't take it since EJ was suffering too, so I don't know if I took the information correctly but correlation is what am doing too
If you take UJ's price at the time of writing this 109.119 and multiply it by GU's price 1.63217 you get 178.100 which is what GJ's price is. So in order for GJ's price to rise, both either need to go up, or one needs to stand still and the other go up fast, or for it to move really well, they both have to move up. If they are both moving well in different directions GJ will only move a little bit.
{quote} I have been taking EU and USoil trades on M5 using 3TDIs between LO-NY session. Reasons: Eu has very small to zero spread which is good for scalping to collect 12-15 green pips. I found USoil has had decent moves for 25-50pips each. I was messing around with other pairs and bending my trading rules causing red pips.Whether trading M5, M15 or H1 or H4, we need to pay attention to higher time frame that is if there is a signal to go short on current TF but TDI on HTF heading up, we should not get in that short and vice versa for going...
- #41,350
- Sep 25, 2014 12:13am Sep 25, 2014 12:13am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
{quote} Correlation is good, but as with everything else sometimes it will work and sometimes not. The difference with watching UJ along with the others is that its not correlation but a mathematical certainty
Is there a way to use this information on the pairs I trade , ie EU_GU_GJ_EJ_EA?
I Have Learned to Take Some Losses to Make Profits
- #41,351
- Sep 25, 2014 12:16am Sep 25, 2014 12:16am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #41,353
- Sep 25, 2014 12:38am Sep 25, 2014 12:38am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
{quote} Thanks lasting Is there a way to use this information on the pairs I trade , ie EU_GU_GJ_EJ_EA?
{quote} Correlation is good, but as with everything else sometimes it will work and sometimes not. The difference with watching UJ along with the others is that its not correlation but a mathematical certainty
- #41,357
- Sep 25, 2014 1:59am Sep 25, 2014 1:59am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #41,358
- Edited 2:38am Sep 25, 2014 2:23am | Edited 2:38am
Okay Likica, I surrender 
been trying to nut this out all week 
I'm not using tms watchdog as I don't like having to reload it all the time. I use tdi-sub in it's place. I have the second on my charts, tdi-mtf. It's I can't can't figure how you set that last indicator, the one called traders dynamic index, if it is in fact a settings issue.
Traders dynamic is one I heard about and went looking, found it in one of Emmanuel's files in connection with pipware charts. Pipware says to use TDI, TDI has to have it's name changed to be able to use it in their software. I changed the name of the original red green tdi version to Traders dyn,,,,,, .Pipware works well, good and useful indicator in my opinion though I don't have tdi loaded in there right now, I prefer it in it's own window. Pipware's the indicator at the bottom of the chart.
It's just your version of Traders Dynamic Index. How'd ya do it, how'd ya do it.
yes I did a snoop on ya Emmanuel
been trying to nut this out all week I'm not using tms watchdog as I don't like having to reload it all the time. I use tdi-sub in it's place. I have the second on my charts, tdi-mtf. It's I can't can't figure how you set that last indicator, the one called traders dynamic index, if it is in fact a settings issue.Traders dynamic is one I heard about and went looking, found it in one of Emmanuel's files in connection with pipware charts. Pipware says to use TDI, TDI has to have it's name changed to be able to use it in their software. I changed the name of the original red green tdi version to Traders dyn,,,,,, .Pipware works well, good and useful indicator in my opinion though I don't have tdi loaded in there right now, I prefer it in it's own window. Pipware's the indicator at the bottom of the chart.
It's just your version of Traders Dynamic Index. How'd ya do it, how'd ya do it.
yes I did a snoop on ya Emmanuel
"You know what needs to be addressed , completely completely reverse that".
- #41,360
- Sep 25, 2014 2:32am Sep 25, 2014 2:32am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Okay Likica, I surrender
I didn't know you could not get the 3rd tdi working.
download TDI_mft+alertsb600+ from the attached list, then from inputs change timeframe to H1. it my life saver bro. Can't trade without it. Hope you are on the way to collect green pips
.By the way, my 1st TDI and 3rd TDI both using TDI_mft+alertsb600+ (only change TF for the 3rd). not sure if it need reloading....? let me know once you use it. I m not hi tech
, I trade what I see...
Appreciation is the key to wealth and happiness