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Trading Made Simple

  • #45,601
  • Dec 3, 2014 4:14am Dec 3, 2014 4:14am
Quoting likica
{quote} good and disciplined. well done Griffinssoul.
Thanks likica! I try and treat the Market like I'm about to address to the Queen of England (LOL!, no jokes!) - with respect and formality - cause if you dont you may risk losing your head ()...
  • #45,602
  • Dec 3, 2014 4:37am Dec 3, 2014 4:37am
Took EUR/AUD... The entry was simple as always. Wanted to do some experiments with exit and TP. After price moved my way for about +30 pips and made small retracement, i've set tight trailing stop 13 pips. Original TP was 50, but then i moved it to 60 and let the trade run to hit or trailing SL or TP. Trailing stop worked earlier and closed +40pips. If i didn't move my TP deeper, my original TP could be hit and i could got +50, but... Still have a lot to learn.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 41 KB
  • #45,603
  • Dec 3, 2014 4:40am Dec 3, 2014 4:40am
Quoting omonisha
{quote} Hi s854110 As TheScorps mention i watch 3 TF to get the information. The image below how i look at the chart. Hope that explains {image}
USDJPY D1 upward trend + overbought (RSI + TSL + MBL)
USDEUR downward trend D1
H1 RIS+TSL overbought AND oversold + MBL overbought AND oversold
TDI = RSI Oscillator？
H1 Will continue to chase enter it?
HH、HL、LL、LH ？
What is a good way to learn it?
I have heard of but are not familiar with
And there are methods BACK TEST
Thank you to answer
Do not understand English, forgive me with google translation
  • #45,604
  • Dec 3, 2014 4:45am Dec 3, 2014 4:45am
Quoting toledoFX
Took EUR/AUD... The entry was simple as always. Wanted to do some experiments with exit and TP. After price moved my way for about +30 pips and made small retracement, i've set tight trailing stop 13 pips. Original TP was 50, but then i moved it to 60 and let the trade run to hit or trailing SL or TP. Trailing stop worked earlier and closed +40pips. If i didn't move my TP deeper, my original TP could be hit and i could got +50, but... Still have a lot to learn. {image}
Congrats toledoFX! I am in the same boat - trying to figure out good strategy for TP - this is hard to do I think, every trade seems different?
  • #45,605
  • Dec 3, 2014 4:52am Dec 3, 2014 4:52am
bagged 70 green from this EA short (entry was not perfect re Big E's rule) neg news from Eu moved the pair down...
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 short Wed 3.12.14 near LO +70 (ATR h4 is 72).png Size: 40 KB
Appreciation is the key to wealth and happiness
  • #45,606
  • Dec 3, 2014 4:56am Dec 3, 2014 4:56am
Quoting likica
bagged 70 green from this EA short (entry was not perfect re Big E's rule) neg news from Eu moved the pair down... {image}
Wow, great trade likica! Diamonds hey? Are they your best friend by any chance?
  • #45,607
  • Dec 3, 2014 4:58am Dec 3, 2014 4:58am
Quoting likica
bagged 70 green from this EA short (entry was not perfect re Big E's rule) neg news from Eu moved the pair down... {image}
Nice one , I took EA but had to manage the trade effective, I took it based on TDI and Elliot wave which so difficult , had big DD, and at the end it worked and TP hit +50

AT LO , I had a plan to sell EJ, so took an early sell, closed on pullback from RN with +30 , this trade is well taken based on TMS and cross of TDI
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_H1.jpg Size: 363 KB
I Have Learned to Take Some Losses to Make Profits
  • #45,608
  • Dec 3, 2014 5:00am Dec 3, 2014 5:00am
Quoting toledoFX
Took EUR/AUD... The entry was simple as always. Wanted to do some experiments with exit and TP. After price moved my way for about +30 pips and made small retracement, i've set tight trailing stop 13 pips. Original TP was 50, but then i moved it to 60 and let the trade run to hit or trailing SL or TP. Trailing stop worked earlier and closed +40pips. If i didn't move my TP deeper, my original TP could be hit and i could got +50, but... Still have a lot to learn. {image}
There u go bro, nice one congrats again
I Have Learned to Take Some Losses to Make Profits
  • #45,609
  • Dec 3, 2014 5:01am Dec 3, 2014 5:01am
Quoting toledoFX
Took EUR/AUD... The entry was simple as always. Wanted to do some experiments with exit and TP. After price moved my way for about +30 pips and made small retracement, i've set tight trailing stop 13 pips. Original TP was 50, but then i moved it to 60 and let the trade run to hit or trailing SL or TP. Trailing stop worked earlier and closed +40pips. If i didn't move my TP deeper, my original TP could be hit and i could got +50, but... Still have a lot to learn. {image}
Well done mate!
Lorenzo
  • #45,610
  • Dec 3, 2014 5:01am Dec 3, 2014 5:01am
Quoting griffinssoul
{quote} Wow, great trade likica! Diamonds hey? Are they your best friend by any chance?
Thanks for your support and u r right about best friend thing.
Just to add the reason I changed my PT from 50 to 70 (in case anyone asked) since having a quick glance at H4 TDI crossed, ATR(7) =72
Appreciation is the key to wealth and happiness
  • #45,611
  • Dec 3, 2014 5:02am Dec 3, 2014 5:02am
Quoting likica
bagged 70 green from this EA short (entry was not perfect re Big E's rule) neg news from Eu moved the pair down... {image}
Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,612
  • Dec 3, 2014 5:06am Dec 3, 2014 5:06am
Quoting TheScorpS
{quote} Nice one , I took EA but had to manage the trade effective, I took it based on TDI and Elliot wave which so difficult , had big DD, and at the end it worked and TP hit +50 AT LO , I had a plan to sell EJ, so took an early sell, closed on pullback from RN with +30 , this trade is well taken based on TMS and cross of TDI {image}
good one TSS
Appreciation is the key to wealth and happiness
  • #45,613
  • Dec 3, 2014 5:16am Dec 3, 2014 5:16am
I got kicked hard by GN short taken at resistant and TDI crossed, just did not work out when no support from HTF (tdi was stepping up) ... just wanted to share and learn
Attached Image (click to enlarge)
Click to Enlarge Name: GN H1 short at 800MA Wed 3.12.14@4p aedt -64.png Size: 37 KB
Appreciation is the key to wealth and happiness
  • #45,614
  • Dec 3, 2014 5:32am Dec 3, 2014 5:32am
Quoting likica
I got kicked hard by GN short taken at resistant and TDI crossed, just did not work out when no support from HTF (tdi was stepping up) ... just wanted to share and learn {image}
Yeah, I learned the hard way that when you trade against the higher timeframe TDI you get kicked in the teeth...
  • #45,615
  • Dec 3, 2014 5:50am Dec 3, 2014 5:50am
Quoting griffinssoul
{quote} Congrats toledoFX! I am in the same boat - trying to figure out good strategy for TP - this is hard to do I think, every trade seems different?
Thank you, mate! Yep, every trade seems different, but in general they are all similar. A lot of backtests and live trading will give you the answer what suits to you better. I just trying to minimize that situaions, when i have +30 or +35 and then get nothing when price hits BE. So i'm building my plan and after 10-20-50-... trades will see what's better and what's more profitable - to move SL tighter or just to leave it at BE area.

TheScorpS and Lorbax - thank you guys! Green pips to you
  • #45,616
  • Dec 3, 2014 5:57am Dec 3, 2014 5:57am
Quoting likica
I got kicked hard by GN short taken at resistant and TDI crossed, just did not work out when no support from HTF (tdi was stepping up) ... just wanted to share and learn {image}
Thanks for posting this! What I would look for is a second entry or LH before even thinking about it (1H TF) but WDays is absolutely correct on the HTF support... this I learned early the hard way...
  • #45,617
  • Dec 3, 2014 5:58am Dec 3, 2014 5:58am
Quoting toledoFX
{quote} Thank you, mate! Yep, every trade seems different, but in general they are all similar. A lot of backtests and live trading will give you the answer what suits to you better. I just trying to minimize that situaions, when i have +30 or +35 and then get nothing when price hits BE. So i'm building my plan and after 10-20-50-... trades will see what's better and what's more profitable - to move SL tighter or just to leave it at BE area. TheScorpS and Lorbax - thank you guys! Green pips to you
Many thanks toledoFX
  • #45,618
  • Dec 3, 2014 6:48am Dec 3, 2014 6:48am
EUR/AUD short on H4 @11.00 (GMT+1)

Set my SL to BE+2 once reached +25 ... TP is around 1.4595 but I will check PA in the next hours...

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-h4-pepperstone-financial-pty.png Size: 30 KB
Lorenzo
  • #45,619
  • Dec 3, 2014 7:06am Dec 3, 2014 7:06am
Quoting lorbax
EUR/AUD short on H4 @11.00 (GMT+1) Set my SL to BE+2 once reached +25 ... TP is around 1.4595 but I will check PA in the next hours... {image}
Thanks for the headsup Lorbax - getting in now and will learn from the short!
  • #45,620
  • Dec 3, 2014 7:17am Dec 3, 2014 7:17am
Quoting likica
quick short on EU H1 for 38 green {image}
Good morning everyone,

Likica,

That was a beautiful trade!
I really like your set-up, you could do that
all day long...

Congrat's

sj
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