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  • #41,941
  • Oct 8, 2014 7:27am Oct 8, 2014 7:27am
+40 pips on EA buy. Set yesterday high as TP.
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  • #41,942
  • Oct 8, 2014 7:33am Oct 8, 2014 7:33am
Quoting farhad10
look at this chart ! eur/jpy it was about 14 pips red ! why? the reasons to take : 1. green cross red at H1 with good angle 2. green bounce from red and MBL at H4 3. "Price break above the last 10 candle's High 4. price break pivot line Yes, know that it is a own trend but at daily price stop at prev weekly low and also at H4 So it is time to have a reverse ! and now it is a failed trade ! any advices are welcomed {image} {image}
If you are going to wait that long before you take the trade then you at least need to have your stop loss below the candle you went in on. Personally I would have gone in at the beginning of the candle.
  • #41,943
  • Oct 8, 2014 7:33am Oct 8, 2014 7:33am
Here´smy first trade in this Thread.
I´m demoing it since this week and have mixed results.
Specially the exits are not easy to define for me .
But here´s a nice one , GJ H1 , 45 pips
Guido
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Risiko birgt immer auch die Chance.
  • #41,944
  • Oct 8, 2014 7:43am Oct 8, 2014 7:43am
Quoting lastingwell
{quote}If you are going to wait that long before you take the trade then you at least need to have your stop loss below the candle you went in on. Personally I would have gone in at the beginning of the candle.
lastingwell;

at the begining of that candle?! why?! it has not break the prev candle's high ! how u can start at the begining?
Yes u are right about the Stop loss.
  • #41,945
  • Oct 8, 2014 7:49am Oct 8, 2014 7:49am
Quoting farhad10
{quote} lastingwell; at the begining of that candle?! why?! it has not break the prev candle's high ! how u can start at the begining? Yes u are right about the Stop loss.
I never wait for it to break the previous candles high if its a good signal, but thats just personal. The previous candle on H1 was blue, good cross on H1, H4 bounced up, I would go in with no hesitation at the open of the candle. Nevertheless, the previous candle's high on H1 was still more than 20 pips from where you entered.
  • #41,946
  • Oct 8, 2014 7:54am Oct 8, 2014 7:54am
Quoting toledoFX
Had a trade on GBP/JPY. Entry was on M15 after pretty double top and hidden divergence on H1. Also we have nice downtrend, so i took that early entry with a small stop loss. After trade went 20 pips in my way i put SL into BE area and later it was hit {image} {image}
There you go another trade with BE results, all because of ranging market , actually its so important to understand TDI correctly, so that small pips is taken when TDI dosent confirm longer run

TDI is ranging or crushed between MBL and 50 line

I also got a hit loss on EA short trade based on poor understating of PA structure and TDI, but gonna save that chart for future slimier trades

All of the upove is good for me, as those are learning experience, actually at the time of shorting PA on EA, I had a similier setup that happened on EA not while ago
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I Have Learned to Take Some Losses to Make Profits
  • #41,947
  • Oct 8, 2014 7:55am Oct 8, 2014 7:55am
Quoting lastingwell
{quote} I never wait for it to break the previous candles high if its a good signal, but thats just personal. The previous candle on H1 was blue, good cross on H1, H4 bounced up, I would go in with no hesitation at the open of the candle. Nevertheless, the previous candle's high on H1 was still more than 20 pips from where you entered.
lastingwell;

Thanks for ur reply
  • #41,948
  • Oct 8, 2014 8:08am Oct 8, 2014 8:08am
Not the best cross on H1 but bounced up off of trendline, h4 tdi still strongly up, m15 a nice cross +100.
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  • #41,949
  • Edited 9:19am Oct 8, 2014 8:42am | Edited 9:19am
Quoting lastingwell
Not the best cross on H1 but bounced up off of trendline, h4 tdi still strongly up, m15 a nice cross +100. {image}
Nice one lasting , wish I was on board, but I was on the other side, I dont know where that left me
I Have Learned to Take Some Losses to Make Profits
  • #41,950
  • Oct 8, 2014 8:44am Oct 8, 2014 8:44am
Quoting likica
1st oil trade for 38 green. exit at R (YL) {image}
2nd oil scalp trade around 11am est with div on M15 formed (H1 tdi did not crossed but stepped up). exited at 10MA H1 for 35 greeen.
Attached Image (click to enlarge)
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Appreciation is the key to wealth and happiness
  • #41,951
  • Oct 8, 2014 8:46am Oct 8, 2014 8:46am
Quoting lastingwell
Not the best cross on H1 but bounced up off of trendline, h4 tdi still strongly up, m15 a nice cross +100. {image}
beautiful
Appreciation is the key to wealth and happiness
  • #41,952
  • Oct 8, 2014 8:50am Oct 8, 2014 8:50am
Quoting lastingwell
Not the best cross on H1 but bounced up off of trendline, h4 tdi still strongly up, m15 a nice cross +100. {image}
Dear Lastingwell,Nice trade.I need to learn when to stay in trade and when to get out to get max from trade.ThanksManoj
  • #41,953
  • Oct 8, 2014 8:53am Oct 8, 2014 8:53am
look at the tp and the price that reach there !

but trade did not stop by the tp ! and the price reverse!

The stunt of the brokers: WINDSOR Broker!!!
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  • #41,954
  • Oct 8, 2014 9:00am Oct 8, 2014 9:00am
Quoting farhad10
look at the tp and the price that reach there ! but trade did not stop by the tp ! and the price reverse! This is the fake broker and that is WINDSOR Broker!
can't open your attachment to see your PT price.
Gold has huge spread (mine is 40) so I guess that could be the reason you did not get filled since you had to add spread to your PT (short)
Appreciation is the key to wealth and happiness
  • #41,955
  • Oct 8, 2014 9:11am Oct 8, 2014 9:11am
Quoting likica
{quote} can't open your attachment to see your PT price. Gold has huge spread (mine is 40) so I guess that could be the reason you did not get filled since you had to add spread to your PT (short)
in some cases u are right
price reach and pass the TP but trade did not hit the tp !
  • #41,956
  • Oct 8, 2014 9:21am Oct 8, 2014 9:21am
Quoting lastingwell
Not the best cross on H1 but bounced up off of trendline, h4 tdi still strongly up, m15 a nice cross +100. {image}
Niceeeeeeeee!!!!!!!!!!!!!
  • #41,957
  • Oct 8, 2014 10:02am Oct 8, 2014 10:02am
Quoting Ballistical
Looks like a nice PCRF is forming before LO on EA H1. Just waiting now to see how FO candle closes (red/ blue) {image}
Following the PCRF I spotted earlier I lost 28 pips on a classic LO fake out candle. In hindsight I didn't wait for LO candle to make a clear break below the FO candle for the continuation pattern.

Once price formed the triple bottom and turned to the upside I closed the short and went long, now knowing that price had probably set the low for London (Thanks Phx62 for that one )

Given the tight inside bars at the start of the session I decided to target 100 which was probably a little too much given the recent ADR. Price made a strong move up and missed this target by 5 pips. I have just closed the position for +85 following the triple top and flattening of the RSI green which is now well within overbought territory.

Overall, a good day for me. Thanks Phx62, Scorps, Lastingwell and everyone else that's contributing. I don't want to speak to soon, but it finally feels like I might be getting somewhere
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Focus on the process and the profits will follow
  • #41,958
  • Oct 8, 2014 10:58am Oct 8, 2014 10:58am
Nice trading and management Ballistical , well done

I am trying to use what you guys are using these days, ie the TDI from compassFX since I see it has lower noise than the TDI I'm using, but the moment I change time frame, the settings go back

Is there a way to make the settings identical what am using for the time being ?
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I Have Learned to Take Some Losses to Make Profits
  • #41,959
  • Oct 8, 2014 11:14am Oct 8, 2014 11:14am
The adventures of a silly monkey.

(borrowed your chart Lastingwell, trust you don't mind)
We traded the same pair at the same time, you traded well, I traded badly.
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"You know what needs to be addressed , completely completely reverse that".
  • #41,960
  • Oct 8, 2014 12:42pm Oct 8, 2014 12:42pm
Quoting farhad10
look at this chart ! eur/jpy it was about 14 pips red ! why? the reasons to take : 1. green cross red at H1 with good angle 2. green bounce from red and MBL at H4 3. "Price break above the last 10 candle's High 4. price break pivot line Yes, know that it is a own trend but at daily price stop at prev weekly low and also at H4 So it is time to have a reverse ! and now it is a failed trade ! any advices are welcomed {image} {image}
re-enter again and catch about 50 pips on eur/jpy
but did not know the different between the first trade and the second one
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