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Trading Made Simple

  • #53,601
  • Feb 18, 2015 4:22am Feb 18, 2015 4:22am
Quoting mordin
Too many losses today. What am I missing? Was I too blinded with TDI signals? Stop too tight? I took the entries on TDI cross confirmed with the higher TF TDI going in the same direction, like lastingwell usually does. Trades taken on 30M / 1H {image} {image} {image} {image} Thank you very much in advance.

All choppy, sideways stuff....
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  • #53,602
  • Feb 18, 2015 4:29am Feb 18, 2015 4:29am
Quoting sknight1
{quote} All choppy, sideways stuff.... {image}
Quoting griffinssoul
{quote} mordin mate - simple answer ... consolidation - review your charts for the past couple of W1s and see if you can spot the pattern @ the FO/LO?
Thanks sknight1 and griffinssoul. I will review that, hope to get that pattern you talk about gs. I was just seeing that you people were taking trades on the same TFs or pairs, and I didn't even think about the consolidation
Had to be me. Someone else might have gotten it wrong.
  • #53,603
  • Feb 18, 2015 4:32am Feb 18, 2015 4:32am
I got in GA Long. So far so good.
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Positive anything is better than negative thinking.- Elbert Hubbard
  • #53,604
  • Feb 18, 2015 4:51am Feb 18, 2015 4:51am
Quoting redcloudxlll
I got in GA Long. So far so good. {image}
Excellent GBPJPY-H4
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Sad i'm not trying to understand PA
  • #53,605
  • Feb 18, 2015 4:55am Feb 18, 2015 4:55am
Quoting omonisha
{quote} Excellent GBPJPY-H4 {image}
Nice!!!
Positive anything is better than negative thinking.- Elbert Hubbard
  • #53,606
  • Feb 18, 2015 4:55am Feb 18, 2015 4:55am
Quoting mordin
{quote} {quote} Thanks sknight1 and griffinssoul. I will review that, hope to get that pattern you talk about gs. I was just seeing that you people were taking trades on the same TFs or pairs, and I didn't even think about the consolidation
Hi mordin, one of the most powerful traders on the 1H is Phx62 - you can find his journals in the paperclip - they are GOLD... pure GOLD!!!
  • #53,607
  • Feb 18, 2015 5:06am Feb 18, 2015 5:06am
Quoting griffinssoul
{quote} Hi mordin, one of the most powerful traders on the 1H is Phx62 - you can find his journals in the paperclip - they are GOLD... pure GOLD!!!

Thanks gs!! I wil review them. I read the last journal, but seems that I have to go deeper, as my preferred TFs are 1H, 4H and 1D.
Had to be me. Someone else might have gotten it wrong.
  • #53,608
  • Feb 18, 2015 5:52am Feb 18, 2015 5:52am
Quoting omonisha
GBPJPY-M30 {image}

A really nice trade , excellent constrained/ retraced on the Moving average and TDI as a entry confirmation ..

Clean and clear trading without cluttering the Chart with unnecessary informations .
NICE ONE !
Excellent job !
Guido
Risiko birgt immer auch die Chance.
  • #53,609
  • Feb 18, 2015 6:23am Feb 18, 2015 6:23am
hi traders, where can i download the price action channel indi?

thanks
  • #53,610
  • Feb 18, 2015 6:35am Feb 18, 2015 6:35am
Quoting Landline
{quote} Hi all, OK, UJ progressing quite well, and I've just added a 3rd position. I've highlighted an area on the chart which pretty clearly shows an H & S formation now on the daily chart (one of the advantages of no candles in the way imo). MY first two positions are now adjusted to low risk, and their TPs slightly hoisted which all in all makes this 3rd trade a lot easier to make. The interested thing is that these positions all kicked off with my initial prelim entry, which seems to have tested the waters quite well in this instance. Cheers...
An update to show how I'm managing this particular trade.

I am seeing indecision in this market now...I could just close out both orders for 26 +16 profit and move on, but I've adjusted stops very tightly instead to secure a garanteed further 20 + 10 pips respectively.....but it grows legs and takes off again...who knows. You can see in the attached image the grey areas that I've marked giving me the cause for concern. Either way everything is under control and as traders that is a key element.

H4 chart attached

Edit..as I was posting both did in fact get stopped out....

Cheers

LL

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  • #53,611
  • Feb 18, 2015 6:38am Feb 18, 2015 6:38am
Quoting shay14
hi traders, where can i download the price action channel indi? thanks
Price Action Channel is built in with Synergy_pro you can find it inside the paperclip at the top right of this thread. Or you can use 2 smooth moving average period=5
One set to High other Low
Sad i'm not trying to understand PA
  • #53,612
  • Feb 18, 2015 6:39am Feb 18, 2015 6:39am
Quoting Landline
{quote} An update to show how I'm managing this particular trade. I am seeing indecision in this market now...I could just close out both orders for 26 +16 profit and move on, but I've adjusted stops very tightly instead to secure a garanteed further 20 + 10 pips respectively.....but it grows legs and takes off again...who knows. You can see in the attached image the grey areas that I've marked giving me the cause for concern. Either way everything is under control and as traders that is a key element. H4 chart attached Edit..as I was posting both...
Im not sure what system you trade.
Looks not like TMS .
If these dotted lines are orders, you it must be another system .

I miss the heiken ashi and candles by itself in your charts .
Guido
Risiko birgt immer auch die Chance.
  • #53,613
  • Feb 18, 2015 6:40am Feb 18, 2015 6:40am
Quoting Sesamstrasse
{quote} A really nice trade , excellent constrained/ retraced on the Moving average and TDI as a entry confirmation .. Clean and clear trading without cluttering the Chart with unnecessary informations . NICE ONE ! Excellent job ! Guido
Thanks for the support Sesamstrasse
Sad i'm not trying to understand PA
  • #53,614
  • Feb 18, 2015 6:43am Feb 18, 2015 6:43am
Quoting Sesamstrasse
{quote} Im not sure what system you trade. Looks not like TMS . If these dotted lines are orders, you it must be another system . I miss the heiken ashi and candles by itself in your charts . Guido

Perhaps you haven't looked at any posts I've previously made to give you a better idea
  • #53,615
  • Feb 18, 2015 6:47am Feb 18, 2015 6:47am
Quoting Sesamstrasse
{quote} Im not sure what system you trade. Looks not like TMS . If these dotted lines are orders, you it must be another system . I miss the heiken ashi and candles by itself in your charts . Guido
Hi Sesamstrasse, it is clearly not TMS but some kind of variant? Perhaps not the best thing for noobs to study and learn from...???
  • #53,616
  • Feb 18, 2015 6:55am Feb 18, 2015 6:55am
Just finished to review the latest 4H and the 1H candle.
Half of my pairs are consolidating, and the other half are GBP pairs which are too high to enter I wanted to do some winners to lower my losings today.

congrats everyone on your greens!
Had to be me. Someone else might have gotten it wrong.
  • #53,617
  • Feb 18, 2015 7:01am Feb 18, 2015 7:01am
Quoting griffinssoul
{quote} Hi Sesamstrasse, it is clearly not TMS but some kind of variant? Perhaps not the best thing for noobs to study and learn from...???
Hi,

It is absent of candlesticks, and replaced by two price lines instead, which I have detailed to some degree in an earlier post, other than that it is pretty much the same sort of chart information that most people gain from their candlesticks Thereafter it applies the same principles in respect of TDI etc..... and all in all, so far as I am concerned, simplifies the whole process of determining direction, without the need or distraction of candles.

Cheers

LL
  • #53,618
  • Feb 18, 2015 7:01am Feb 18, 2015 7:01am
Quoting mordin
Just finished to review the latest 4H and the 1H candle. Half of my pairs are consolidating, and the other half are GBP pairs which are too high to enter I wanted to do some winners to lower my losings today. congrats everyone on your greens!
mordin, this is one of the worst possible situations to put yourself in - just forget about the losses - they are gone nothing can be done and they will only make more losses if you are fixed to get them back. Stick to your plan - changing things with emotion and without thinking will only lose you more
  • #53,619
  • Feb 18, 2015 7:03am Feb 18, 2015 7:03am
Quoting griffinssoul
{quote} mordin, this is one of the worst possible situations to put yourself in - just forget about the losses - they are gone nothing can be done and they will only make more losses if you are fixed to get them back. Stick to your plan - changing things with emotion and without thinking will only lose you more
oh yes yes, thanks for reminding! I did that once and blow up a demo account lol! I just wanted to specify that I wanted to make up the losers, but sticking to my plan of course!

thanks gs!
Had to be me. Someone else might have gotten it wrong.
  • #53,620
  • Feb 18, 2015 7:07am Feb 18, 2015 7:07am
Quoting Landline
{quote} Hi, It is absent of candlesticks, and replaced by two price lines instead, which I have detailed to some degree in an earlier post, other than that it is pretty much the same sort of chart information that most people gain from their candlesticks Thereafter it applies the same principles in respect of TDI etc..... and all in all, so far as I am concerned, simplifies the whole process of determining direction, without the need or distraction of candles. Cheers LL
It is good that you explained in detail what they are but this is irrelevant - its a variant from Big Es method period. The variation is enough to confuse experienced traders of TMS let alone noobs - which are confused enough. Sorry mate but Big E would have verbally mounted you on your bike
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