Appreciation is the key to wealth and happiness
- #44,201
- Nov 19, 2014 12:08am Nov 19, 2014 12:08am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
- #44,202
- Nov 19, 2014 12:11am Nov 19, 2014 12:11am
{quote} Kanderpro, Ok, I read your point made and your intentions. Let move forward since we both sshare the same intention which is to help new traders here. You should start post your trades using Phx62 PCRF on H1 charts, explain them so that he new traders can learn quicker. I will post and share my 3-bar bullish/bearish patterns on H4 and D charts which I trade most of the time. This way, every one benefit from both our experience and this TMS family of traders grows bigger and stronger. regards,
Thank you Emmanuel, I love the people here.... all friendly and helpful in getting newbies up on their feet....
- #44,203
- Nov 19, 2014 12:23am Nov 19, 2014 12:23am
10 pm my time, 2 hours before LO, no crosses, and those that moves, have moved to far to get in bla bla bla 
going to recheck at LO and LO+2.
ill keep my eye on EU, AJ, UCad, EJ/UJ for possibilities on 1h tf during LO. for now...back to reading.
EDIT: if anyone somehow see that i missed an entry on this new candle, can he/she pls let me know thanks
going to recheck at LO and LO+2.
ill keep my eye on EU, AJ, UCad, EJ/UJ for possibilities on 1h tf during LO. for now...back to reading.
EDIT: if anyone somehow see that i missed an entry on this new candle, can he/she pls let me know thanks
Daniel
- #44,205
- Nov 19, 2014 1:21am Nov 19, 2014 1:21am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,096 Posts
my GN from this morning (AEDT) based on H4 H1 view for 56 green, moved around 90pips {image}
By the way, what's shown on your trade explorer? Are you running some kinda automation EA test? Just curious....
Thanks,
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #44,206
- Nov 19, 2014 1:22am Nov 19, 2014 1:22am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
Hi I am new and still learing and try to understand setups. what is common in most of sucess trade setups. Just going through Lastingwell charts i noticed that in most of his trades , he trakes trade when TDI is croessing or bouncing also supported by MBL yellow line ( Buy TDI is croessing above MBL). Generally His trades are not on first coessing of TDI after swing, he takes on second crossing or bouncing which is generally supported by MBL, because TDI has already crossed MBL in first croessing. I feel such setups are low risk trades and will...
I have explained quite a few times why I take a trade. If you blindly take a trade on the timeframe you're on whether its crossing the mbl, coming from the 68 line, taking a good cross with price action you will fail more times than you will win. I always take the higher timeframe into account before going into a trade so the higher timeframe must look ready to turn. Usually there will be a reversal on the tdi. Griffinssoul posted a good example yesterday with his trade here: http://www.forexfactory.com/attachme...6&d=1416302957 when he firstly took the trade it didn't work and nearly hit his stop loss now take a look at an H4 chart at the same time as his trade was taken. The first line on H1 is where he took the trade originally, nice angle, looks like it could go up, the second line is where the trade actually started to work, now take a look at the H4 chart I have (which will be similar on his) at the price action on H4 at the times. Do you see the difference? When it started to work, H4 then had a triple bottom of candles and tdi started to move up nicely. However, the h1 is still below the mbl, so not every trade would be above the mbl etc etc. I don't like drawdown much, so I go with the most likely scenarios and that includes looking at the timeframe higher.
- #44,207
- Nov 19, 2014 2:08am Nov 19, 2014 2:08am
{quote}Firstly I'm a female not male
Lorenzo
- #44,208
- Nov 19, 2014 2:11am Nov 19, 2014 2:11am
{quote} good one, Lorbax. I got in from H4 & H1 view, out for 46 green {image}
update... reached +100 pips, touched 200ema, I closed second 1/3, raised SL and let go the rest.
Would also be interesting to re-enter lower, in a possible pulback, as I believe this was a one-way rush in the last few hours, a pullback is quite likely to happen soon.
cheers
Lorenzo
- #44,211
- Nov 19, 2014 2:46am Nov 19, 2014 2:46am
- Joined Nov 2008 | Status: Trader | 50,217 Posts
Hi Folks,
arriving at my pit stop early today, the skies still bright so I cannot see the stars yet.
waiting for the nearby BBQ joint to ready with today's roast special and will join my travelling buddies for dinner later.
now I have an hour or 2 to read and catch up with you all.
some good trading by you guys and lots of good discussions.
keep that up.
talk later.
arriving at my pit stop early today, the skies still bright so I cannot see the stars yet.
waiting for the nearby BBQ joint to ready with today's roast special and will join my travelling buddies for dinner later.
now I have an hour or 2 to read and catch up with you all.
some good trading by you guys and lots of good discussions.
keep that up.
talk later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #44,213
- Nov 19, 2014 2:54am Nov 19, 2014 2:54am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
my GN from this morning (AEDT) based on H4 H1 view for 56 green, moved around 90pips {image}
Well done mate!
- #44,214
- Nov 19, 2014 2:56am Nov 19, 2014 2:56am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote} Cool and simple!
. I noticed that most of my trades during US session are losers which made my stat in red.I m thinking of stop trading FX during those hours since I was too busy on Oil (my oil trades placed on NT, sometimes, if I had enough time, I managed to have a few on mt4 fxcm). Focusing on 1 TF (tried to change from M5, M15 to H1, H4, D1) is still my biggest challenge.
Appreciation is the key to wealth and happiness
- #44,215
- Nov 19, 2014 2:56am Nov 19, 2014 2:56am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} Thanks man, good yours too! update... reached +100 pips, touched 200ema, I closed second 1/3, raised SL and let go the rest. Would also be interesting to re-enter lower, in a possible pulback, as I believe this was a one-way rush in the last few hours, a pullback is quite likely to happen soon. {image} cheers
...Yep, your a Ninja trader lorbax... +100pips, that's crazy!
- #44,216
- Nov 19, 2014 2:58am Nov 19, 2014 2:58am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote}
Appreciation is the key to wealth and happiness
- #44,217
- Edited 5:09am Nov 19, 2014 3:09am | Edited 5:09am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
Ok, here we go... GA 4H (first chart) +65pips @ the moment ... but this is not the focus for me at the moment... I looked @ the D1 TF (second chart) to see a nice confirmation before hand, applying the Lastingwell method... same story AU +35pips... (practicing the entries first... drawdown was -9pips). Lastingwell points out that under these circumstances you are permitted to BE(+comm 
) should the market go against you after the initial stages of the trade...
EDT: GA @ +147pips... Observation: cross is developing nicely on the D1 [well not really a cross more like a touchy thing... but the angle is looking good...]
) should the market go against you after the initial stages of the trade...EDT: GA @ +147pips... Observation: cross is developing nicely on the D1 [well not really a cross more like a touchy thing... but the angle is looking good...]
- #44,218
- Nov 19, 2014 3:20am Nov 19, 2014 3:20am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,096 Posts
{quote} It s 1 of my accts with ICmarkets where I my all sorts of trades from H4 to M5
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #44,219
- Nov 19, 2014 3:24am Nov 19, 2014 3:24am
{quote}Firstly I'm a female not male
How is it going? Would you have a look at this trade I took a week ago & explain what was wrong with it that caused my SL getting hit?
Yours
{quote}Firstly I'm a female not male
Thanks Lastingwell for this example.
Now i understand in most of your charts why you
use HTF.