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Trading Made Simple

  • #54,761
  • Mar 10, 2015 6:01am Mar 10, 2015 6:01am
Quoting pips29
{quote} oh what a shame! you must have moved your stop. Anyway, plenty more round the corner
Yeah I'm not sure why tbh... Totally pointless and stupid thing to do. Those 100 pips would have been nice...
  • #54,762
  • Mar 10, 2015 6:12am Mar 10, 2015 6:12am
Small bags of counter trend usdcad and usdjpy hit tp before NYO

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Attached Image (click to enlarge)
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Intelligence is the ability to adapt to change. Stephen Hawking
  • #54,763
  • Mar 10, 2015 6:26am Mar 10, 2015 6:26am
Quoting Tomyam
Hi Shadownet I've been a lurker here for a while now, and while I'm not an expert I'd like to try to chip in where I can. Your entry is against the main trend, and you traded directly into the 1.26000 line. The round numbers often acts as support. Also, if you take a look at the previous tops, there are no divergence in the TDI indicating bearish opportunity. One of the tips Eelfranz mentioned a few times, was to zoom out maximum (Press the -) to get a better overview of the main trend. If you do that, you'll see that the main trend is bullish....
Thank you Tomyam, Sesamstrasse , and Wdays (I have no idea how to multi-quote). Awesome feedback and I don't know why those rule were somehow forgotten when I took the trade. I also thought that the RN would not have been a problem since I took the trade at 1.2632 and it would be a good 20-30 pips :/

Silly me, I had itchy fingers .

Managed to cover back the losses by taking a USDCAD short again at NYO.
  • #54,764
  • Mar 10, 2015 6:27am Mar 10, 2015 6:27am
Quoting nods80
Small bags of counter trend usdcad and usdjpy hit tp before NYO {image} {image}
Nice one Nods. Just wanted to let you know that NYO is 12pm UK GMT now instead of 1pm

Btw, how is the ADR pro calculator working out for you?? I tried before but had repainting issue. I thought that they were set for the week.
  • #54,765
  • Mar 10, 2015 6:30am Mar 10, 2015 6:30am
anyone find that alot of times tdi will cross nicely over 50 for a long and under 50 for a short, hit a zone or line of supp and resistance then go through it?
everytime it crosses, its close to those lines which makes me reluctant to take trades even if they do win most of the time
  • #54,766
  • Mar 10, 2015 6:32am Mar 10, 2015 6:32am
Awful days this week... I lost the profit of last week.

Really hard to catch a move, and a lot of fake outs and also some missed moves
Had to be me. Someone else might have gotten it wrong.
  • #54,767
  • Mar 10, 2015 6:32am Mar 10, 2015 6:32am
No problem, I still do the same crap myself as well. It's unfortunately easier to recognize other peoples mistakes.

Quoting Shadownet
{quote} Thank you Tomyam, Sesamstrasse , and Wdays (I have no idea how to multi-quote). Awesome feedback and I don't know why those rule were somehow forgotten when I took the trade. Silly me, I had itchy fingers . Managed to cover back the losses by taking a USDCAD short again at NYO.
  • #54,768
  • Mar 10, 2015 6:33am Mar 10, 2015 6:33am
Quoting Shadownet
{quote} Nice one Nods. Just wanted to let you know that NYO is 12pm UK GMT now instead of 1pm
i was always the kid who turned up late/early for school when the clocks changed.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #54,769
  • Edited 7:18am Mar 10, 2015 7:03am | Edited 7:18am
Catched a nice move on 4H USD/JPY, currently in with +70 short, TDI looks very strong, lets see how far it will get:
Attached Image (click to enlarge)
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  • #54,770
  • Mar 10, 2015 7:50am Mar 10, 2015 7:50am
A couple of nice trades today and yesterday on the GJ H1 London session.
1st trade: Price set a session low on the LO candle, then continued the Asian session move up. Price moved 11 candles up before closing with a red candle.
2nd trade: The London Open candle set the high for the session and them moved down 5 straight candles. In fact, there has been no closed blue candle yet.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015.3.10 GJ H1.png Size: 66 KB
  • #54,771
  • Mar 10, 2015 7:53am Mar 10, 2015 7:53am
Quoting Phx62
A couple of nice trades today and yesterday on the GJ H1 London session. 1st trade: Price set a session low on the LO candle, then continued the Asian session move up. Price moved 11 candles up before closing with a red candle. 2nd trade: The London Open candle set the high for the session and them moved down 5 straight candles. In fact, there has been no closed blue candle yet.{image}
Awesome as always!

1 question : i took the same trade on G/j today, but entered 10-13 pips lower than you.
Did you enter agressively on the break of the Frankfurt candle ?
  • #54,772
  • Mar 10, 2015 8:02am Mar 10, 2015 8:02am
Quoting Phx62
A couple of nice trades today and yesterday on the GJ H1 London session. 1st trade: Price set a session low on the LO candle, then continued the Asian session move up. Price moved 11 candles up before closing with a red candle. 2nd trade: The London Open candle set the high for the session and them moved down 5 straight candles. In fact, there has been no closed blue candle yet.{image}
Thanks to TMS I actually caught this entire move. Too bad it was on demo.
  • #54,773
  • Mar 10, 2015 10:43am Mar 10, 2015 10:43am
[quote=emmanuel7788;8119917]{quote} Next, I know of many traders here are in the same situation like you....

Emmanuel I choose H4 because daily would be to slow for me and my broker doesn't offer H6 or H8, and euraud is the pair I have been trading on H1 so I'm more used to this pair. I don't have a set time of day I wish or can trade but my broker prints a new H4 candle at 7am gmt so it's just before London open. I'm hoping that only having to check every 4 hours will mean I can trade more often. Thanks for your help
  • #54,774
  • Mar 10, 2015 10:46am Mar 10, 2015 10:46am
[quote=snarlyjack;8119666]{quote} Next, My favorite 2 charts are the Daily charts & 4 hour charts. First of all, the Daily chart is the most accurate long term chart we have. Trades can take some time to develop. But if your a long term trader it is a awesome way to trade. The 4 hour chart is our 2nd most accurate long term chart we have. Trades develop faster than the daily. But if your a medium term trader the 4 hour can be very good. The 4 hour chart is used to fine tune the Daily chart.

Thanks sj I think the daily would be to slow for me now but may be in the future
  • #54,775
  • Edited 12:16pm Mar 10, 2015 11:06am | Edited 12:16pm
Quoting Vladbold
{quote} Awesome as always! 1 question : i took the same trade on G/j today, but entered 10-13 pips lower than you. Did you enter agressively on the break of the Frankfurt candle ?
Actually, I entered on a break below the LO candle and a break of Yesterdays High. Also, the TDI green RSI line had bounced off the red TS line and crossed over the yellow MB line at the opening of the entry candle.
  • #54,776
  • Mar 10, 2015 11:36am Mar 10, 2015 11:36am
Quoting Vladbold
Sharing trades this week so far. Didn't take anything yesterday due to big day at work. Today : One loss (-30 on G/a, not sharing cause i was retarded). And these 2 wins, + 50 each, E/a and G/J. {image} {image}
Well done, very good management as well on EA , I was in the same trade but closed with BE, took 50 off EJ short
I Have Learned to Take Some Losses to Make Profits
  • #54,777
  • Mar 10, 2015 11:42am Mar 10, 2015 11:42am
Quoting Phx62
A couple of nice trades today and yesterday on the GJ H1 London session. 1st trade: Price set a session low on the LO candle, then continued the Asian session move up. Price moved 11 candles up before closing with a red candle. 2nd trade: The London Open candle set the high for the session and them moved down 5 straight candles. In fact, there has been no closed blue candle yet.{image}
Thanks a lot for your explanation regarding candles changes color and the high and low of the sessions which are very important in trading this strategy
I Have Learned to Take Some Losses to Make Profits
  • #54,778
  • Mar 10, 2015 12:14pm Mar 10, 2015 12:14pm
If the signals to entry appear in a low-volatility or volume period such Sydney/Tokyo Open, is it still valid? Most part of the posts are in the London session so this just crossed my mind
  • #54,779
  • Mar 10, 2015 12:54pm Mar 10, 2015 12:54pm
Quoting mokuro89
If the signals to entry appear in a low-volatility or volume period such Sydney/Tokyo Open, is it still valid? Most part of the posts are in the London session so this just crossed my mind


depends on the TF. if you take anything over 1h and 4h.. it's most likely more accurate than taking from a smaller TF like the 15m
  • #54,780
  • Mar 10, 2015 1:17pm Mar 10, 2015 1:17pm
Quoting omonisha
{quote} Hi Next in this post you can find the EJ trade Post 54,466 {file}
Many thanks omonisha
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