{quote} haha.. once your wheel barrow gets bigger, your wife would be encouraging you to "waste your time"
- #51,302
- Jan 26, 2015 11:16pm Jan 26, 2015 11:16pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
EURAUD 26 Jan H1 trades during Asian session.
Took the trades based on Fib 38/50 retracement of Friday high-low, and price action moved away from Day Open and close above the PAC. TDI VB was narrowing after London closed on Friday, and having to faced the 200EMA and previous Dya high not too far away, I have to keep my TP small and partial exit with 25pips for one position and leaving 2nd position with TP set to 100pips and trailing 5 pips below the last price bar. In both trades, the 2nd position was closed when price pullback with Capital Protection set to 25pips.
Following the Active trading style : Buy only when the TDI PL and TSL are above the MBL.
Took the trades based on Fib 38/50 retracement of Friday high-low, and price action moved away from Day Open and close above the PAC. TDI VB was narrowing after London closed on Friday, and having to faced the 200EMA and previous Dya high not too far away, I have to keep my TP small and partial exit with 25pips for one position and leaving 2nd position with TP set to 100pips and trailing 5 pips below the last price bar. In both trades, the 2nd position was closed when price pullback with Capital Protection set to 25pips.
Following the Active trading style : Buy only when the TDI PL and TSL are above the MBL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #51,303
- Jan 26, 2015 11:32pm Jan 26, 2015 11:32pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #51,304
- Jan 26, 2015 11:39pm Jan 26, 2015 11:39pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
{quote} Congrats & thanks for head-up on red news{quote} roger that emmanuel7788...on the 1H - to be confirmed ? EDT: Shooting star on the 30M... looking good... round handle 1.42 ... looking for an evening star with break below BRN ... all done but we do not have a TDI cross - could be off timing on the 1H here... ???
That LO candle closed caught my attention and I had to wait for the Tokyo close candle to see if there is a breakout to the upside as the H4 was bullish and above the PAC. The Tokyo close candle also close my H4 candle and that was a Wide Range Bar WRB so it is no trade for me. Also the TDI PL and TSL is above the MBL, and with a narrow range market type, counter trend on H1 has more risks.
So I took the rest of day off since we have holiday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #51,305
- Jan 27, 2015 12:19am Jan 27, 2015 12:19am
- Joined Nov 2008 | Status: Trader | 50,193 Posts
GBPUSD week 05 26 to 30 Jan:
Divergence seen between the price and TDI.
Too early to buy on D chart. A major bullish correction will need fundamental support in the following days and weeks. So look out for the UK data release. GDP and BoE rates are big movers.
This week we will see the Weekly and Monthly candle close. So it will something to consider for position trading.
On low TF, H1 intraday today is buy only.
Divergence seen between the price and TDI.
Too early to buy on D chart. A major bullish correction will need fundamental support in the following days and weeks. So look out for the UK data release. GDP and BoE rates are big movers.
This week we will see the Weekly and Monthly candle close. So it will something to consider for position trading.
On low TF, H1 intraday today is buy only.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #51,306
- Jan 27, 2015 12:36am Jan 27, 2015 12:36am
{quote} Thanks Phx62 for the detailed reply. I see that you are very discipline in the way you mange your trades manually and how you push the TP in steps of 50pips to 100, 150 and 200pips. I try figure out why CaveManager is not able to move the TP using the Preceding TP parameter. CaveManager sometimes has erratic problem with moving trades to BE in situations when price make a strong move forward and then pull back quickly. It fails to catch the move to BE the trades.
I was thinking put a trailing stop behind the each days candle and also look for PA reversal, TDI hooks, Recross of TDI for exit.
How is the best way to use cavemanager on the daily?
thank
- #51,307
- Jan 27, 2015 1:01am Jan 27, 2015 1:01am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
{quote} Guys I'm off to home depot to by my brand spanking new wheel barrel...
I Have Learned to Take Some Losses to Make Profits
- #51,312
- Edited 3:11am Jan 27, 2015 2:16am | Edited 3:11am
- Joined Nov 2008 | Status: Trader | 50,193 Posts
still watching AU for a short entry, what do you think? {image}
in a sideways ranging market type with small candles, it is better to go with the MBL flow.
look at the H1 chart below:
the TDI MBL yellow line on H1 tell you the next higher TF H4 momentum.
now look at the H4 chart below, see the TDI Green Red.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #51,313
- Jan 27, 2015 2:17am Jan 27, 2015 2:17am
- Joined Nov 2008 | Status: Trader | 50,193 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #51,315
- Jan 27, 2015 2:41am Jan 27, 2015 2:41am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #51,317
- Edited 4:11am Jan 27, 2015 2:57am | Edited 4:11am
Possible entry point on EA 4H UK candle close in an hour.
Potential entry is BUY away from Guppy, PAC and Daily open, if we get good TDI signal on top of candle conditions.
Comments welcomed
EDT:
Setup not valid, entry abandoned.
Potential entry is BUY away from Guppy, PAC and Daily open, if we get good TDI signal on top of candle conditions.
Comments welcomed
EDT:
Setup not valid, entry abandoned.
Best regards, Zef