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  • #44,641
  • Nov 24, 2014 3:44am Nov 24, 2014 3:44am
Quoting likica
48 green from GA long entered around FO on H1, exited at resistant. {image}
Nice start likica I am in EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 34 KB
Sad i'm not trying to understand PA
  • #44,642
  • Nov 24, 2014 3:45am Nov 24, 2014 3:45am
Quoting WDays
{quote} I use a preset TP of 50 pips or 100 pips. I target 50 pips most times, but with a fresh H4 cross, a 280 pips drop that calls for a deeper retracement, I'll gladly look for 100 and decide to exit only in case price begins to turn on me, like if I get a TDI signal to the downside or something. {image}
Great stuff WDays!
Repetition is the Mother of Skill
  • #44,643
  • Nov 24, 2014 3:46am Nov 24, 2014 3:46am
Quoting fbrand79
{quote} amen to that. I got back into trading few weeks ago and was on Lower TF's with plenty of indi's and have been losing since the start. Today I started on H1 and up and already far in the green, not sure if it's just luck, but hopefully the HTF's will be better to my account.
Small timeframes take a lot of "3d thinking" in that you always need to have a general concept of what the higher ones are doing. H1 is so easy and stress free. I know that when I see a setup at LO, I will take the trade, be in no more than 10-13 pips of drawdown (spread included) and by LO+1 I will have locked breakeven and be waiting on my profit to be hit. And the more that happens, the less I worry about price moving slow or missing a trade or losing one.

Quoting Pipsta972
{quote} Great stuff WDays!
Thanks bro

Quoting omonisha
{quote} Nice start likica I am in EURJPY {image}
That's just awesome Do you ever go below 50 pips profit on a trade?
  • #44,644
  • Nov 24, 2014 3:49am Nov 24, 2014 3:49am
Quoting WDays
{quote} Small timeframes take a lot of "3d thinking" in that you always need to have a general concept of what the higher ones are doing. H1 is so easy and stress free. I know that when I see a setup at LO, I will take the trade, be in no more than 10-13 pips of drawdown (spread included) and by LO+1 I will have locked breakeven and be waiting on my profit to be hit. And the more that happens, the less I worry about price moving slow or missing a trade or losing one. {quote} Thanks bro {quote} That's just awesome Do you ever go below 50 pips...

I have got to copy and paste that quote somewhere on my desktop !

I went long eurcad but, it looks to be petering out already.
  • #44,645
  • Nov 24, 2014 3:54am Nov 24, 2014 3:54am
Quoting sknight1
{quote} I went long eurcad but, it looks to be petering out already.
Hi mate, can you post chart? what make you think it is "petering out already"?

Price has slow at 13944 because of some HTF resistance, if we can clear that, then trade looks good
Give yourself a chance and trade it like it's layed out...
  • #44,646
  • Nov 24, 2014 4:01am Nov 24, 2014 4:01am
Sure Biz.... by the way, lastingwell speaks very highly of you and has recommended that I study your charts, as well as hers (and yours too WDays).


Here's my chart. Maybe I think it's petering out due to having watched so many trades turn against me as soon as I get in. I need to rebuild my self-trust.
Attached Image (click to enlarge)
Click to Enlarge Name: 36.PNG Size: 48 KB
  • #44,647
  • Nov 24, 2014 4:05am Nov 24, 2014 4:05am
Quoting sknight1
{quote} I have got to copy and paste that quote somewhere on my desktop ! I went long eurcad but, it looks to be petering out already.
That's very flattering, thank you
  • #44,648
  • Nov 24, 2014 4:06am Nov 24, 2014 4:06am
Quoting omonisha
{quote} Nice start likica I am in EURJPY {image}
Thanks Omonisha.
Nice spot where you got in (bounced off 200ma) . I m in it too but a lot later (after that little small red bar).
Appreciation is the key to wealth and happiness
  • #44,649
  • Nov 24, 2014 4:07am Nov 24, 2014 4:07am
It's been copied / pasted already.

And you're welcome.
  • #44,650
  • Nov 24, 2014 4:08am Nov 24, 2014 4:08am
Quoting WDays
{quote} Small timeframes take a lot of "3d thinking" in that you always need to have a general concept of what the higher ones are doing. H1 is so easy and stress free. I know that when I see a setup at LO, I will take the trade, be in no more than 10-13 pips of drawdown (spread included) and by LO+1 I will have locked breakeven and be waiting on my profit to be hit. And the more that happens, the less I worry about price moving slow or missing a trade or losing one. {quote} Thanks bro {quote} That's just awesome Do you ever go below 50 pips...
This is exactly what I have been observing as a setup comes up while moving into the LO - the drawdown is minimal (if you have a SL of say 30pips...?). It is exactly what Lastingwell has commented on... Nice MM by the way WDays...
  • #44,651
  • Nov 24, 2014 4:09am Nov 24, 2014 4:09am
Quoting WDays
{quote} Nicely done I'm in EA with a locked breakeven and around 40 pips in profit, waiting on 100 because of a fresh H4 cross and I expect a pullback after the near 300 pip drop on friday. I just may close earlier if it stalls too long but I'm fairly confident about it.
I m out of EA for +50 green (preset PT). not sure the Euro bullish tho
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 buy Mon 24.11.14@6.45p aedt (near LO) +50.png Size: 38 KB
Appreciation is the key to wealth and happiness
  • #44,652
  • Nov 24, 2014 4:12am Nov 24, 2014 4:12am
Quoting sknight1
Sure Biz.... by the way, lastingwell speaks very highly of you and has recommended that I study your charts, as well as hers (and yours too WDays). Here's my chart. Maybe I think it's petering out due to having watched so many trades turn against me as soon as I get in. I need to rebuild my self-trust. {image}
Be-careful with the LTF as Wday had said it can become very confusing, I would suggest just mastering either the 4 hour or the 1 hour charts!!

Sorry to hear you have lost confidence in your trading but I believe a great way to get this back is Back-testing!!

I personally love Back-testing with a simulator this way you get to understand TDI and PA very well live

I know a very good Simulator and if you want to PM me as I don't want to advertise on the thread as Big E instructed us not to....

GL
Give yourself a chance and trade it like it's layed out...
  • #44,653
  • Nov 24, 2014 4:13am Nov 24, 2014 4:13am
Took EUR/AUD today on the brake of FO candle. German news helped a little i guess Entry could be earlier, but wanted to wait for the confirmation of the movement. Exited manually at 40 pips, even my SL was locked at +20 pips. Had no discipline to wait until TP 50 pips would be hit. But it's ok for me, especially on monday.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 28 KB
  • #44,654
  • Nov 24, 2014 4:14am Nov 24, 2014 4:14am
Quoting likica
{quote} I m out of EA for +50 green (preset PT). not sure the Euro bullish tho {image}
It's still making higher highs, so I'll stick with it. It will take a very long time, and there's the HIN from Germany later today, so I will see how I go about it.
  • #44,655
  • Nov 24, 2014 4:19am Nov 24, 2014 4:19am
Quoting Bizzzle
{quote} Be-careful with the LTF as Wday had said it can become very confusing, I would suggest just mastering either the 4 hour or the 1 hour charts!! Sorry to hear you have lost confidence in your trading but I believe a great way to get this back is Back-testing!! I personally love Back-testing with a simulator this way you get to understand TDI and PA very well live I know a very good Simulator and if you want to PM me as I don't want to advertise on the thread as Big E instructed us not to.... GL

PM'd
  • #44,656
  • Nov 24, 2014 4:20am Nov 24, 2014 4:20am
Quoting toledoFX
Took EUR/AUD today on the brake of FO candle. German news helped a little i guess Entry could be earlier, but wanted to wait for the confirmation of the movement. Exited manually at 40 pips, even my SL was locked at +20 pips. Had no discipline to wait until TP 50 pips would be hit. But it's ok for me, especially on monday. {image}
Well done toledoFX - thats still a 1:2 trade... nothing wrong with that
  • #44,657
  • Nov 24, 2014 4:20am Nov 24, 2014 4:20am
Quoting WDays
{quote} It's still making higher highs, so I'll stick with it. It will take a very long time, and there's the HIN from Germany later today, so I will see how I go about it.

So you close a position once you see a a LL, on the next smaller time frame, I assume????


Any thoughts on my eurcad long?
  • #44,658
  • Nov 24, 2014 4:24am Nov 24, 2014 4:24am
Quoting sknight1
Sure Biz.... by the way, lastingwell speaks very highly of you and has recommended that I study your charts, as well as hers (and yours too WDays). Here's my chart. Maybe I think it's petering out due to having watched so many trades turn against me as soon as I get in. I need to rebuild my self-trust. {image}
Hi Sknight1, looking at your H1 chart, I see H4 TDI is under the water (under 32 level so bear and bear), no long for me, and I am scalper too but no in this case. (my view only)
Appreciation is the key to wealth and happiness
  • #44,659
  • Nov 24, 2014 4:29am Nov 24, 2014 4:29am
Quoting likica
{quote} Hi Sknight1, looking at your H1 chart, I see H4 TDI is under the water (under 32 level so bear and bear), no long for me, and I am scalper too but no in this case. (my view only)

Crap, I didn't notice that the H4 was under the 32. I was focusing on the fact that it had stepped up over the trade signal line. Thank you, your feedback is greatly appreciated. I'm always open to constructive criticism.

I wouldn't call myself a scalper..... yet. I'm just trying to get to consistently profitable. I'll look to label my trading type later. lol
  • #44,660
  • Nov 24, 2014 4:31am Nov 24, 2014 4:31am
Short AUDUSD from 4hr chat
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 42 KB
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