{quote} Welcome back Red and good to see u. We all missed you too. Hope to see many green pips coming
Positive anything is better than negative thinking.- Elbert Hubbard
- #3,982
- Jun 5, 2015 10:47am Jun 5, 2015 10:47am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
next AJ buy {image} {image}
{quote} Definitely Looking forward to it myself. this time taking my profits and putting my stops
what's up with GA at this hour
? I left the table too early...
Appreciation is the key to wealth and happiness
- #3,983
- Edited 5:12am Jun 7, 2015 4:40am | Edited 5:12am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
TSS posted some analysis on EJ http://www.forexfactory.com/showthre...41#post8310241 have a read if you want to trade ABCD patterns
OS has posted some PA analysis on EA http://www.forexfactory.com/showthre...89#post8310289 - i highly recommend learning the analysis of these traders
Here is my W1 review of EJ @ the LO and how to use the H4 [with a Lastingwell edge].... first step is to note the angle of the H4... we are looking for alignment/agreement for the M30 TDI cross [dotted vertical lines are LO+1 - green/orange/red circles are buy/no trade/sell] first chart
Then assess the situation @ the M30... i have only done the first one but you can have a look your self (2nd chart)... +40+230+65+60pips (conservative estimate - would have bagged +150pips (single trades) and one BE - Wed no trade - H4 flat green line - this could have still been traded but just not @ LO) - you should keep in mind this is by no means a backtest - proper backtests are faced with many technical problems and require durations greater than 3 MNs -
side note - there is a further problem here cause of candle close which is why merrygold suggested making a histogram type indi but i am still pondering that one...
side note 2 - Lastingwell uses the H4 much more effectively than this but i only trade LO
OS has posted some PA analysis on EA http://www.forexfactory.com/showthre...89#post8310289 - i highly recommend learning the analysis of these traders
Here is my W1 review of EJ @ the LO and how to use the H4 [with a Lastingwell edge].... first step is to note the angle of the H4... we are looking for alignment/agreement for the M30 TDI cross [dotted vertical lines are LO+1 - green/orange/red circles are buy/no trade/sell] first chart
Then assess the situation @ the M30... i have only done the first one but you can have a look your self (2nd chart)... +40+230+65+60pips (conservative estimate - would have bagged +150pips (single trades) and one BE - Wed no trade - H4 flat green line - this could have still been traded but just not @ LO) - you should keep in mind this is by no means a backtest - proper backtests are faced with many technical problems and require durations greater than 3 MNs -
side note - there is a further problem here cause of candle close which is why merrygold suggested making a histogram type indi but i am still pondering that one...
side note 2 - Lastingwell uses the H4 much more effectively than this but i only trade LO
- #3,984
- Jun 7, 2015 4:50am Jun 7, 2015 4:50am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} Definitely Looking forward to it myself. this time taking my profits and putting my stops
- #3,985
- Jun 7, 2015 8:12am Jun 7, 2015 8:12am
- | Joined Mar 2014 | Status: Trader | 1,045 Posts | Online Now
{quote} Welcome back Red!!!!
Which TDI indicator is better to determine angles of crosses?
Angleator or the TDI Watchdog?
- #3,988
- Jun 7, 2015 10:04pm Jun 7, 2015 10:04pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #3,990
- Jun 7, 2015 10:35pm Jun 7, 2015 10:35pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
TSS posted some analysis on EJ http://www.forexfactory.com/showthre...41#post8310241 have a read if you want to trade ABCD patterns
. I appreciated your supports GS
Appreciation is the key to wealth and happiness
- #3,991
- Jun 7, 2015 11:09pm Jun 7, 2015 11:09pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote} hi Which TDI indicator is better to determine angles of crosses? Angleator or the TDI Watchdog?
I know you were asking GS but while I m here I drop you a hint ( I mentioned it a few times), pay attentions to levels and APBs and go from there...while TDI can be a cross or a bounce or even a bend/curve as lots of time you wait for a good angle and end up entering after a big APB and suffering a big retrace before seeing it heading to your trade direction.
Here is how I trade:
- get ready when we see price is parking around S/R (200MA/50MA, Wkly S/R, Fibs, prev swing low/high....etc.) and see if it is above or below 200MA to go long or short.
- and watch how price reacting from those levels (pin bars or inside/outside bars or divergence,...)
- then look at TDI and count APB to see if it is the right moment to enter...
It might sound conflict to other traders who told you to look at TDI first, as for those seniors they can do either ways and won't miss any step.
However, I found that lots of traders first looked at TDI and got excited when there was a TDI cross and jumped in before even looked at PA and S/R , then next few minute got stopped out.
It's up to you to adjust to fit your trading style.
Have a good and greener week to all
Appreciation is the key to wealth and happiness
- #3,992
- Edited 1:29am Jun 8, 2015 1:14am | Edited 1:29am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} hi Which TDI indicator is better to determine angles of crosses? Angleator or the TDI Watchdog?
{quote} Hi Shay, I know you were asking GS but while I m here I drop you a hint ( I mentioned it a few times), pay attentions to levels and APBs and go from there...while TDI can be a cross or a bounce or even a bend/curve as lots of time you wait for a good angle and end up entering after a big APB and suffering a big retrace before seeing it heading to your trade direction. Here is how I trade: - get ready when we see price is parking around S/R (200MA/50MA, Wkly S/R, Fibs, prev swing low/high....etc.) and see if it is above or below 200MA to...
absolutely LK - PA comes first of course - the only reason we can use indis is cause we are assuming there are reoccurring patterns that make up the market - you must consider some people think this is totally fictitious and that it is all made up of random noise - none of which can have structure - in which case indis are meaningless - #3,993
- Jun 8, 2015 1:27am Jun 8, 2015 1:27am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
Thanks GS, I like your EJ analysis. The price oscillating still triggers so much anxiety that I mostly close my trades prematurely. The only way around this at this stage of my trading I think is doing what you seem to be doing so successfully - scaling out and/or adding to running positions. Could you possibly share some insight how you go about your position sizing in terms of scaling out? Do you always start with a specific number of lots? Probably not I assume. Do you base the scaling out levels on ATR or S/R or both? My apologies if this was...
"scaling out and/or adding to running positions. " - scaling out is gr8 for psychology - adding to position is not - not a good idea and here is why - say you have a winning trade @40pips and you have set to BE - then you add another position and the trade goes against you - you have gone from a free trade to a losing one - this will impact your psychology more than just a straight loss
[building your account by compounding is totally different to building a trade - compounding is a very powerful thing for your account]I base my PT on all the typical PA - candle size, S&R, ADR, etc still working on this part and probably will be for a long time... oh, and the most important thing R:R !!!
- #3,994
- Jun 8, 2015 1:31am Jun 8, 2015 1:31am
- | Joined Dec 2014 | Status: Trader | 1,026 Posts
{quote} "so much anxiety that I mostly close my trades prematurely." - try decreasing your risk to a manageable level then increase with confidence "scaling out and/or adding to running positions. " - scaling out is gr8 for psychology - adding to position is not - not a good idea and here is why - say you have a winning trade @40pips and you have set to BE - then you add another position and the trade goes against you - you have gone from a free trade to a losing one - this will impact your psychology more than just a straight loss
Positive anything is better than negative thinking.- Elbert Hubbard
- #3,995
- Jun 8, 2015 1:42am Jun 8, 2015 1:42am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
- #3,997
- Jun 8, 2015 2:00am Jun 8, 2015 2:00am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
- #3,998
- Jun 8, 2015 2:12am Jun 8, 2015 2:12am
- | Joined Mar 2014 | Status: Trader | 1,228 Posts
French official: Obama said Strong Dollar is Problem - heads up...
Wonder what the source of this quote is.... it's currently 3:10am in the morning, eastern time in the US. I'd bet money that Obama is in bed, fast asleep right now ! Breaking news my a$$. lol
- #3,999
- Jun 8, 2015 2:15am Jun 8, 2015 2:15am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
- #4,000
- Jun 8, 2015 2:19am Jun 8, 2015 2:19am
- | Joined Mar 2014 | Status: Trader | 1,228 Posts
{quote} arent they all @ some G7 meeting ???
No idea. I've given up on following the news. I do better just reading charts. Remember what you often say about "BS news"....???
How've you been buddy?