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Trading Made Simple

  • #45,581
  • Dec 3, 2014 12:55am Dec 3, 2014 12:55am
Quoting likica
quick short on EU H1 for 38 green {image}
Wasn't that one "under water"....??? What made you decide to take it...?
  • #45,582
  • Dec 3, 2014 1:05am Dec 3, 2014 1:05am
Quoting sknight1
{quote} Wasn't that one "under water"....??? What made you decide to take it...?
yes tdi crossed and TDI HTF was <32 and it was ok for short (scalp with trend) but not for long and vice versa for tdi >68
Appreciation is the key to wealth and happiness
  • #45,583
  • Dec 3, 2014 1:09am Dec 3, 2014 1:09am
Caught +50 on EA H1 this morning

Went short at FO after a TDI cross and price breaking below the previous 3 red candles. Technically it was a 4th candle entry but the first 2 red candles had no bodies. Plus, I was expecting some momentum given LO was fast approaching. On EA H1 I have noticed that often LO candle follows the same direction as FO. Today was no exception.

Price could move further south but with the GBP PMI fast approaching, I'm done for the day
Attached Image (click to enlarge)
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Focus on the process and the profits will follow
  • #45,584
  • Dec 3, 2014 1:10am Dec 3, 2014 1:10am
Quoting WDays
The entry was borderline retarded, since I had to leave before LO, so I took the short during the FF candle. In my defense at the time I couldn't have known it would be a doji 70 pip target because it seems like an average of the latest moves on the pair, also 80% ATR projection. {image}
After a 60 pip candle like that, scratch that, 100 pip TP, or 100% ATR projection Ready to exit manually if need be.
  • #45,585
  • Dec 3, 2014 1:10am Dec 3, 2014 1:10am
Quoting likica
{quote} yes tdi crossed and TDI HTF was <32 and it was ok for short (scalp with trend) but not for long and vice versa for tdi >68
thanks
  • #45,586
  • Dec 3, 2014 1:11am Dec 3, 2014 1:11am
Quoting Ballistical
Caught +50 on EA H1 this morning Went short at FO after a TDI cross and price breaking below the previous 3 red candles. Technically it was a 4th candle entry but the first 2 red candles had no bodies. Plus, I was expecting some momentum given LO was fast approaching. On EA H1 I have noticed that often LO candle follows the same direction as FO. Today was no exception. Price could move further south but with the GBP PMI fast approaching, I'm done for the day {image}
Lol nice bro, exact same entry
  • #45,587
  • Dec 3, 2014 1:13am Dec 3, 2014 1:13am
Quoting Ballistical
Caught +50 on EA H1 this morning Went short at FO after a TDI cross and price breaking below the previous 3 red candles. Technically it was a 4th candle entry but the first 2 red candles had no bodies. Plus, I was expecting some momentum given LO was fast approaching. On EA H1 I have noticed that often LO candle follows the same direction as FO. Today was no exception. Price could move further south but with the GBP PMI fast approaching, I'm done for the day {image}
nice and clear explanation. Thanks for sharing Ballistical
Appreciation is the key to wealth and happiness
  • #45,588
  • Dec 3, 2014 1:23am Dec 3, 2014 1:23am
Quoting WDays
{quote} Realjumper (one of the founders of the genesis thread) used to say tight stops are false economy, better to have a large SL that never gets hit than tiny ones that constantly get hit. Just because you have a 50 pip SL, doesn't mean you should let it be taken out - you can manually bail on trades when the setup is invalidated by having a mental stop (e.g: "if this candle turns and closes from red to blue and TDI hooks, I'm out" or something similiar).
Many thanks WDays
  • #45,589
  • Dec 3, 2014 1:23am Dec 3, 2014 1:23am
Quoting WDays
{quote} Lol nice bro, exact same entry
Great minds
Focus on the process and the profits will follow
  • #45,590
  • Dec 3, 2014 1:26am Dec 3, 2014 1:26am
Quoting likica
{quote} nice and clear explanation. Thanks for sharing Ballistical
Thanks Likica... I enjoy reading your analysis too... you must have nerves of steel to trade on the M5!
Focus on the process and the profits will follow
  • #45,591
  • Dec 3, 2014 1:30am Dec 3, 2014 1:30am
Ok, I am out for the week... last trades EJ +20 & UChf +10 (did anyone say short trap?)... manual exits - could have kept going but reached what I wanted for the week (its been frustrating!!!). That makes it 35+40+20+10= 105pips (5 wins, a few BE's, 0 lose)... (Switch to light mode.)
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  • #45,592
  • Dec 3, 2014 1:37am Dec 3, 2014 1:37am
Quoting griffinssoul
Ok, I am out for the week... last trades EJ +20 & UChf +10 (did anyone say short trap?)... manual exits - could have kept going but reached what I wanted for the week (its been frustrating!!!). That makes it 35+40+20+10= 105pips (5 wins, a few BE's, 0 lose)... (Switch to light mode.) {image} {image}

great work
Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,593
  • Dec 3, 2014 1:44am Dec 3, 2014 1:44am
Quoting nods80
{quote} great work
Thanks nods80 mate! This method is just the most consistent and reliable... and it sure helps to have such a great bunch of traders around you when trading (senior, experienced & noobs)... Keep going mate!!!
  • #45,594
  • Dec 3, 2014 1:45am Dec 3, 2014 1:45am
Quoting griffinssoul
Ok, I am out for the week... last trades EJ +20 & UChf +10 (did anyone say short trap?)... manual exits - could have kept going but reached what I wanted for the week (its been frustrating!!!). That makes it 35+40+20+10= 105pips (5 wins, a few BE's, 0 lose)... (Switch to light mode.) {image} {image}
Green is green I'm hoping to make that off 1 trade
  • #45,595
  • Dec 3, 2014 1:48am Dec 3, 2014 1:48am
Quoting Ballistical
{quote} Thanks Likica... I enjoy reading your analysis too... you must have nerves of steel to trade on the M5!
actually nverses of diamond which is harder than steel. just kidding, I m in the process of moving up slowly with helps from you and other seniors.
Appreciation is the key to wealth and happiness
  • #45,596
  • Dec 3, 2014 1:49am Dec 3, 2014 1:49am
Quoting griffinssoul
Ok, I am out for the week... last trades EJ +20 & UChf +10 (did anyone say short trap?)... manual exits - could have kept going but reached what I wanted for the week (its been frustrating!!!). That makes it 35+40+20+10= 105pips (5 wins, a few BE's, 0 lose)... (Switch to light mode.) {image} {image}
good and disciplined. well done Griffinssoul.
Appreciation is the key to wealth and happiness
  • #45,597
  • Dec 3, 2014 1:50am Dec 3, 2014 1:50am
Quoting WDays
{quote} Green is green I'm hoping to make that off 1 trade
Of course you will WDays, mate, you are a great trader - you taught & helped me (I'm following you)... LOL! As soon as I saw my grand total (and I always say this to myself) I said "thats enough for me ". I dont want to keep going and end up negative ... then bang!... I'm out!
  • #45,598
  • Dec 3, 2014 1:55am Dec 3, 2014 1:55am
Quoting griffinssoul
{quote} Of course you will WDays, mate, you are a great trader - you taught & helped me (I'm following you)... LOL! As soon as I saw my grand total (and I always say this to myself) I said "thats enough for me ". I dont want to keep going and end up negative ... then bang!... I'm out!
Thanks man I wouldn't be as pretentious as to say I teach, but I'm trying to give back to the community that gave me by sharing successful trades and trying to highlight patterns. That's a pretty good tactic, I also like that approach. I don't mind only getting 50 pips or 100 pips so long as I make my weekly %, which means I'd rather bet on quality than quantity. Of course, in time we will be able to do both, ha.
  • #45,599
  • Dec 3, 2014 1:56am Dec 3, 2014 1:56am
Quoting griffinssoul
{quote} Thanks nods80 mate! This method is just the most consistent and reliable... and it sure helps to have such a great bunch of traders around you when trading (senior, experienced & noobs)... Keep going mate!!!
Thanks mate. I'm 30 pips up for the week. Took a step back to re focus after a rubbish trade the other day. Practice, practice, practice!
Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,600
  • Dec 3, 2014 2:04am Dec 3, 2014 2:04am
Quoting WDays
{quote} Thanks man I wouldn't be as pretentious as to say I teach, but I'm trying to give back to the community that gave me by sharing successful trades and trying to highlight patterns. That's a pretty good tactic, I also like that approach. I don't mind only getting 50 pips or 100 pips so long as I make my weekly %, which means I'd rather bet on quality than quantity. Of course, in time we will be able to do both, ha.
Great comment WDays - I think I'm going after quality first... so when I get really experienced I can then go after quantity like the more senior traders but for now I'm over the moon with this method!!!
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