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Trading Made Simple

  • #56,581
  • May 7, 2015 1:13am May 7, 2015 1:13am
Quoting emmanuel7788
{quote} those are terms used to describe how the TDI being used and has nothing to do with the timeframe, nor pips, etc. if I renamed them as below, will that make any difference? {image}
Got u in letter and spirit ... Thnx buddy
  • #56,582
  • May 7, 2015 1:13am May 7, 2015 1:13am
Quoting emmanuel7788
{quote} those are terms used to describe how the TDI being used and has nothing to do with the timeframe, nor pips, etc. if I renamed them as below, will that make any difference? {image}

From your original post I understood that, referring to my screenshot , with aggressive strategy we should scalp and hence such reversals are not as much pain. In either strategy, if such reversals happen, when will you close out? The TMS bar continued deep into profit then turned back into loss. Lot of "when to close" sense might occur to you when things go against you, but we could use your expertise to train our mindset. Thanks much.
Attached Image
  • #56,583
  • May 7, 2015 1:51am May 7, 2015 1:51am
Quoting vyedlapalli
{quote} From your original post I understood that, referring to my screenshot , with aggressive strategy we should scalp and hence such reversals are not as much pain. In either strategy, if such reversals happen, when will you close out? The TMS bar continued deep into profit then turned back into loss. Lot of "when to close" sense might occur to you when things go against you, but we could use your expertise to train our mindset. Thanks much. {image}
http://www.forexfactory.com/attachme...1&d=1430979110

First of all, we cannot decide on a reversal by just looking at those few candles. I see there is a moving average above your entry candle, but is there confluence with other support and resistance which will give the setup a higher probability. It is important to zoom out of the chart to see the bigger picture.
Look at the candlestick pattern, do you consider that a reversal pattern?
Check the Timing of that moment, is there a market session opening /closing?
Also do your MultiTimeframe analysis - what is the trend of the moment of that chart above? what do the higher TF candles look like?

just a few basic questions to answer those 10 things will help us decide if the setup we see is a A+++ setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,584
  • May 7, 2015 1:53am May 7, 2015 1:53am
GBPAUD waiting for LO...
I did a trade on M15. Take a look and you will decide if there is H1 setup when London Open in 10mins,
http://www.forexfactory.com/showthre...32#post8249232
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,585
  • Edited 2:41am May 7, 2015 2:20am | Edited 2:41am
Attachment
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  • #56,586
  • May 7, 2015 2:27am May 7, 2015 2:27am
EURAUD-H1.
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Sad i'm not trying to understand PA
  • #56,587
  • May 7, 2015 3:38am May 7, 2015 3:38am
GBP/JPY 4H
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Demand is not one wants, but what one can pay for
  • #56,588
  • May 7, 2015 3:38am May 7, 2015 3:38am
Usdcad riskfree trade TP 1.2087
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Price is the leader of the market crowd!
  • #56,589
  • May 7, 2015 3:52am May 7, 2015 3:52am
Quoting emmanuel7788
{quote} Hi pinux, yesterdays' trade example closed using CM Manage Losses and classic Trailing Stop. CM has many features and they can be combine the use of these feature to help us manage our trades according to our own exit strategy. {image} regards,
thanks emmanuel

i use an image i hope was more clear what i "want" if it's possible
thanks in adavance
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  • #56,590
  • May 7, 2015 4:05am May 7, 2015 4:05am
Quoting emmanuel7788
{quote} I ask myself what do I see in each of these 10 things: Price Action Trend Multi-Time Frame Momentum Support and Resistance Continuation Volatility Market Strength Range Timing
wow.
i have a long road to go to become like u

those are indeed what we need to find to gain confident

but finding the is not easy though espesialy s/r and strength and volality ( whats the difrence between strenght and volality)?

but i will keep learning to forge my path to victory
Take What You Can , Give Nothing Back
  • #56,591
  • May 7, 2015 4:07am May 7, 2015 4:07am
Quoting omonisha
EURAUD-H1. {image}
hi omonisha im still a newbie so i want to ask why did you take the e/a long eventhough on the E/U and e/J are both giving a short signal eventhough both of the tdi signal cross is weak?

thank you so much and please if you dont mind to reply my question
  • #56,592
  • May 7, 2015 4:25am May 7, 2015 4:25am
Quoting vayzardos
{quote} hi omonisha im still a newbie so i want to ask why did you take the e/a long eventhough on the E/U and e/J are both giving a short signal eventhough both of the tdi signal cross is weak? thank you so much and please if you dont mind to reply my question
Oh i posted beginning of this week what and how i am looking at EA. You can check my post

 

  1. Post 56,451
  2. Post 56,457

Hope that make you clear

Sad i'm not trying to understand PA
  • #56,593
  • May 7, 2015 5:58am May 7, 2015 5:58am
Quoting omonisha
EURAUD-H1. {image}
Nice OS , I took the same one might be a little laters since I went with London session

+100 pips for the day
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I Have Learned to Take Some Losses to Make Profits
  • #56,594
  • May 7, 2015 6:13am May 7, 2015 6:13am
Quoting adikashyap
1669754 {image}
Hi adikashyap! U r amazing buddy, excellent trades.

Regards
Winners Never Quit, Quitters Never Win
  • #56,595
  • May 7, 2015 6:15am May 7, 2015 6:15am
Quoting emmanuel7788
{quote} those are terms used to describe how the TDI being used and has nothing to do with the timeframe, nor pips, etc. if I renamed them as below, will that make any difference? {image}
Hi Big Emm! Now, that post of yours, cleared my mind about the tdi entries. Thnx a lot.

Regards,
Winners Never Quit, Quitters Never Win
  • #56,596
  • May 7, 2015 8:11am May 7, 2015 8:11am
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Winners Never Quit, Quitters Never Win
  • #56,597
  • Edited 8:30am May 7, 2015 8:18am | Edited 8:30am
Quoting hsn100
{image}
Think alot of us took the trade. A 'PhX62 style' trade I learned here XD
London first few hours set the highs of the day and after it broke Asian with divergence and TDI confirmation took a short for 50 pips

Trade was managed by Cave Manager. It is a very efficient tool, all traders should have at least a trade management EA like this one

Probably won't be trading Fridays with NFP unless there is a low risk supersuper good setup
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  • #56,598
  • May 7, 2015 10:19am May 7, 2015 10:19am
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  • #56,599
  • May 7, 2015 11:49am May 7, 2015 11:49am
Quoting arize
{quote} Think alot of us took the trade. A 'PhX62 style' trade I learned here XD London first few hours set the highs of the day and after it broke Asian with divergence and TDI confirmation took a short for 50 pips Trade was managed by Cave Manager. It is a very efficient tool, all traders should have at least a trade management EA like this one Probably won't be trading Fridays with NFP unless there is a low risk supersuper good setup {image}
I was guilty of it too . Nice pinbar and I entered on a M30 TDI Hook. The long trade was a classic PCRF http://www.forexfactory.com/showthre...33#post7874533 (Link here to Emmanuel's post), but I entered way too late on a break of yesterday's high. Even so TP would have been hit with ease , if it weren't for my bad settings on the EA

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However I have some headaches with the CaveManager, trying to find some good settings. Today it burned me twice on EA - once at a BE setup on the way up, and second closing the trade at 30pips..

Still have to tweak it to find good BE levels. Not sure what happened with the TP at 30.

@Ballistical do you mind sharing your .SET file of your CM, or your CM? This one I have now has so many options I get lost in them. I need something simple TP 50-75 SL 35 BE 36.

The version I have now seems to give just headaches.
Best regards, Zef
  • #56,600
  • May 7, 2015 2:32pm May 7, 2015 2:32pm
Similar trades for me too... went long a bit late on the TDI cross, still +30 and +50 and +2. Then went short after price broke the trendline and moved out of the PAC. Target was the confluence aerea of 50MA, 50 fibo and prev month close, it actually moved down pretty quickly and closed the last lot at +69.
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