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  • #52,561
  • Feb 5, 2015 9:14am Feb 5, 2015 9:14am
Likica,

What are the different color lines on your chart (purple)?
I see the blue line is the daily open line but I'm not sure
what the purple line is? It look's good!
Thanks for your help.
sj
  • #52,562
  • Feb 5, 2015 9:21am Feb 5, 2015 9:21am
and what does the EMA indicator that changes color.
  • #52,563
  • Feb 5, 2015 9:24am Feb 5, 2015 9:24am
Quoting snarlyjack
Likica, What are the different color lines on your chart (purple)? I see the blue line is the daily open line but I'm not sure what the purple line is? It look's good! Thanks for your help. sj
the horizontal purple line is LFL-ATR projections from paper clip, the light purple line for divergence is my drawing
Appreciation is the key to wealth and happiness
  • #52,564
  • Feb 5, 2015 9:45am Feb 5, 2015 9:45am
I have to learn to be quiet
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  • #52,565
  • Feb 5, 2015 9:48am Feb 5, 2015 9:48am
Quoting likica
{quote} the horizontal purple line is LFL-ATR projections from paper clip, the light purple line for divergence is my drawing
Likica,

Thank you for your help!
sj
  • #52,566
  • Feb 5, 2015 10:26am Feb 5, 2015 10:26am
short on USD/CAD took +20 pips
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  • #52,567
  • Feb 5, 2015 11:37am Feb 5, 2015 11:37am
Todays GU trade on 1hr chart with Daily up. Trading away from DO + break of Master candle hi, APB close outside of PAC. TDI & MBL up. Target 1 yesterday Hi, Target 2 ADR Hi.
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  • #52,568
  • Feb 5, 2015 11:37am Feb 5, 2015 11:37am
Quoting sooma22
short on USD/CAD took +20 pips {image} {image}

Congrats for your green pips !

But what was the reason to enter ??

It wasn t the first or second candle , it wasn t any kind of breaking out of a " daily high , low " , or anything .

For me it looks like a " jump on the train " , a lucky winner ,
nothing to recomment for a successful trading .
Please don t get me wrong with my harsh words.. but I really cannot find a entry by the rules.
Guido
Risiko birgt immer auch die Chance.
  • #52,569
  • Feb 5, 2015 12:28pm Feb 5, 2015 12:28pm
@snarlyjack how exactly do you manage your H4 trade? Do you use a EA for SL/BE/TP ? I found that the H4 candle sometimes bounces off the B/E level 6-7 times after 10-12 pips in either side, and most EA's like CaveManager, etc., at that point would take you out at BE. Are you using them and set B/E after 30-35 pips or leave them out altogether ? Thanks.
Best regards, Zef
  • #52,570
  • Feb 5, 2015 12:51pm Feb 5, 2015 12:51pm
338 pips Scalped today, been without a computer for 2 weeks so good to be back. EURO CAD 56 PIPS EURO JAP 45, EUR AUS 55

EUR GBP 16 pips, GBP AUS 28 EUR USD 48 AUD USD 14 EUR AUS 44, CHF JAP 22 PIPS.

Going for a long weekend break so wont be trading tomorrow. Have fun folks and green pipping to all.
  • #52,571
  • Feb 5, 2015 12:53pm Feb 5, 2015 12:53pm
Sorry, upload of trades failed so trying again.
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  • #52,572
  • Feb 5, 2015 12:55pm Feb 5, 2015 12:55pm
Here are the other trades.
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  • #52,573
  • Feb 5, 2015 1:07pm Feb 5, 2015 1:07pm
Quoting Sesamstrasse
{quote} Congrats for your green pips ! But what was the reason to enter ?? It wasn t the first or second candle , it wasn t any kind of breaking out of a " daily high , low " , or anything . For me it looks like a " jump on the train " , a lucky winner , nothing to recomment for a successful trading . Please don t get me wrong with my harsh words.. but I really cannot find a entry by the rules. Guido
Hi Sesamstrasse, it is not always necessary to enter on first or second candle especially where momentum is strong as in this case.
I will often enter a trade just like this one because as you said you jump on the train and enjoy the ride. Price action is more than first or second candle, the angle of the TDI IS ALSO important. In this case tdi was crossed strongly down. Hope this helps.
  • #52,574
  • Feb 5, 2015 1:49pm Feb 5, 2015 1:49pm
Quoting ZeF
@snarlyjack how exactly do you manage your H4 trade? Do you use a EA for SL/BE/TP ? I found that the H4 candle sometimes bounces off the B/E level 6-7 times after 10-12 pips in either side, and most EA's like CaveManager, etc., at that point would take you out at BE. Are you using them and set B/E after 30-35 pips or leave them out altogether ? Thanks.
Zef,

The first thing I do is look at the Daily chart & really get
a good feel for it. What's the trend, where are the levels,
what does the tdi look like, what does the apb look like.
Are we in the pac.

Then I drop down to the 4 hour chart & do the same thing.
Once I have a really good feel for the chart then I'll place a
trade. If I don't like the look of things, I won't trade that pair.

I don't use any EA's. I use a emergency stop loss. I don't use
take profits. Usually I let it run for 8 hours. My 11:00 p.m. & 3:00 a.m.
candles. Usually on the 3rd candle, my 7:00 a.m. candle open, I close
the trade, unless it's really crashing & burning in the N/Y session. If
that is the case I'll look at the daily chart and 1 hour to see where were at.

Because of where I live, I think my trading has been more time dependent
trading than anything. I would love to intra day trade the markets but staying
up all night is a challenge for me.

sj
  • #52,575
  • Feb 5, 2015 2:06pm Feb 5, 2015 2:06pm
Quoting snarlyjack
{quote} Zef, The first thing I do is look at the Daily chart & really get a good feel for it. What's the trend, where are the levels, what does the tdi look like, what does the apb look like. Are we in the pac. Then I drop down to the 4 hour chart & do the same thing. Once I have a really good feel for the chart then I'll place a trade. If I don't like the look of things, I won't trade that pair. I don't use any EA's. I use a emergency stop loss. I don't use take profits. Usually I let it run for 8 hours. My 11:00 p.m. & 3:00 a.m. candles. Usually...
thanks
Best regards, Zef
  • #52,576
  • Feb 5, 2015 2:16pm Feb 5, 2015 2:16pm
Today and yesterday i doubled my account (still demo) just by using the Synergy PT Arrow on H1 and looking for the overall trend on H4. This is crazy... When Synergy PT gives me an alert on my H1 chart i just confirm the direction on H4 (right side of the guppys) and if it looks good i take the trade. I wonder how far this could take me
  • #52,577
  • Feb 5, 2015 2:22pm Feb 5, 2015 2:22pm
Quoting Sesamstrasse
{quote} Congrats for your green pips ! But what was the reason to enter ?? It wasn t the first or second candle , it wasn t any kind of breaking out of a " daily high , low " , or anything . For me it looks like a " jump on the train " , a lucky winner , nothing to recomment for a successful trading . Please don t get me wrong with my harsh words.. but I really cannot find a entry by the rules. Guido
thanx, i saw the trade late and i dont like trading during NY open, so i waited 2 hours and tdi setup was good , i know it's a dangerous trade and like you said a lucky winner, but i keep missing tdi crosses daily i can't stare at my pc the whole day ​
  • #52,578
  • Feb 5, 2015 3:15pm Feb 5, 2015 3:15pm
Quoting longman72
Here are the other trades. {image} {image} {image} {image} {image}
Hi longman,

What Emas are you using for the high/low channel that you've created? Also can see that you're trading the 5 min timeframe - has this time frame proven to be profitable?
  • #52,579
  • Feb 5, 2015 3:44pm Feb 5, 2015 3:44pm
Sorry haven't been here all day, busy getting "lucky" again
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  • #52,580
  • Feb 5, 2015 4:17pm Feb 5, 2015 4:17pm
And still working on every time frame a good angle does it every time.
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