This strategy is so simple all you need is the 10,50,200,800 ema and the tdi isnt even that necessary the problem is that most people end up adding unecessary trash to their charts and that distracts them. Forgot to mention round number levels are important too
Another simple system - Time-Frame 15
- #24,202
- Jun 19, 2015 12:06pm Jun 19, 2015 12:06pm
- Joined Aug 2012 | Status: Trader | 18,663 Posts
the cautious seldom err....C
- #24,203
- Jun 19, 2015 12:56pm Jun 19, 2015 12:56pm
- Joined Aug 2012 | Status: Trader | 18,663 Posts
the cautious seldom err....C
- #24,204
- Jun 19, 2015 1:08pm Jun 19, 2015 1:08pm
- Joined Aug 2012 | Status: Trader | 18,663 Posts
close out most trades and calling it a day....happy weekend
the cautious seldom err....C
- #24,205
- Jun 19, 2015 1:17pm Jun 19, 2015 1:17pm
Hi everyone, today wasn't very active - got 7 pips.
Here are my trades, I remembered Pips29 advice to keep away from ema200
plus after first trade decided to keep away for a while - suspected that price might bounce back (I marked flag and channel lines). I closed second trade early, decided that the market lacks power.
Here are my trades, I remembered Pips29 advice to keep away from ema200
plus after first trade decided to keep away for a while - suspected that price might bounce back (I marked flag and channel lines). I closed second trade early, decided that the market lacks power.
- #24,206
- Jun 19, 2015 6:16pm Jun 19, 2015 6:16pm
- Joined Aug 2012 | Status: Trader | 18,663 Posts
Hey there, Pips29 and mkfx! I am not sure how to do the drag trades. I will post every trade i take, from now on. Since it is Friday, market is closing, I took no other trades. And I think I mixed strategies a little, cause I believe I took a trade with normal candles, not just HA. My bad. But from Monday I will post everything, with EP, TP and SL, so that I can be corrected when I am wrong. Thanks, guys! Have a great weekend, everyone!
the cautious seldom err....C
- #24,207
- Jun 20, 2015 3:08am Jun 20, 2015 3:08am
- Joined Jul 2013 | Status: Trader | 1,045 Posts
Hey there, guys!
Soprano, I know it is simple and I also know it works. That's why I intend to keep practising it, until I master it. I think I will start with what Emmanuel said to another user, only the basics, like 10 and 200, HA, and TDI. And I will also pay attention to RN, just like you said. And then I will move on to 50 and 800. Feel free to post some screenshots of your trades, cause it may help me and other guys who are new to the thread, to understand better the strategy.
Pips29, thanks for the link! Here is a drag trade from Friday: 
I should have entered on the white HA, but I was a little late and I took the trade with 5 pips above the white HA close. There was a TDI cross, 200 was bellow, 10 was starting to point up a little, bounced off of RN, so I thought I should enter. SL 20, and I intended to move to BE after 12 pips profit (as LE1 said on first page), TP was 20. But it kept going downwards, and SL was hit.
Was that a bad entry decision, guys, or it was just one of those trades that are losers?
Soprano, I know it is simple and I also know it works. That's why I intend to keep practising it, until I master it. I think I will start with what Emmanuel said to another user, only the basics, like 10 and 200, HA, and TDI. And I will also pay attention to RN, just like you said. And then I will move on to 50 and 800. Feel free to post some screenshots of your trades, cause it may help me and other guys who are new to the thread, to understand better the strategy.
Pips29, thanks for the link! Here is a drag trade from Friday:
I should have entered on the white HA, but I was a little late and I took the trade with 5 pips above the white HA close. There was a TDI cross, 200 was bellow, 10 was starting to point up a little, bounced off of RN, so I thought I should enter. SL 20, and I intended to move to BE after 12 pips profit (as LE1 said on first page), TP was 20. But it kept going downwards, and SL was hit.
Was that a bad entry decision, guys, or it was just one of those trades that are losers?
- #24,208
- Jun 20, 2015 5:11am Jun 20, 2015 5:11am
Hey there, guys! Soprano, I know it is simple and I also know it works. That's why I intend to keep practising it, until I master it. I think I will start with what Emmanuel said to another user, only the basics, like 10 and 200, HA, and TDI. And I will also pay attention to RN, just like you said. And then I will move on to 50 and 800. Feel free to post some screenshots of your trades, cause it may help me and other guys who are new to the thread, to understand better the strategy. Pips29, thanks for the link! Here is a drag trade from Friday:{image}...
And how "200 was bellow" ? Mine was clearly above - that's why I went short (we traded almost the same time).
Also you said - you missed your entry time. Next time don't rush. I enter when two or three candles are confirmed of a new trend - that works for me just fine for now - until I get used to the strategy and become absolutely confident in my analysis.
Keep your emotions away and just do cold calculations
- #24,209
- Jun 20, 2015 10:31am Jun 20, 2015 10:31am
- Joined Jul 2013 | Status: Trader | 1,045 Posts
{quote} I think what you did wrong - you went long, while market was clearly bearish. You should look in H1 trend at least before entering. And how "200 was bellow" ? Mine was clearly above - that's why I went short (we traded almost the same time). Also you said - you missed your entry time. Next time don't rush. I enter when two or three candles are confirmed of a new trend - that works for me just fine for now - until I get used to the strategy and become absolutely confident in my analysis. Keep your emotions away and just do cold calculations...
Well, the lime line is 200. It was below. Probably you were looking at another EMA, or perhaps at another TF? The chart is GU, 15 min. I am eager to see what Monday brings. I hope lots of green pips for everyone.
Have a nice weekend!
- #24,210
- Jun 20, 2015 11:06am Jun 20, 2015 11:06am
{quote} Thanks, buddy! Well, the lime line is 200. It was below. Probably you were looking at another EMA, or perhaps at another TF? The chart is GU, 15 min. I am eager to see what Monday brings. I hope lots of green pips for everyone.
About Monday trading - be careful - price is a bit unpredictable after the weekend events.
- #24,211
- Jun 21, 2015 4:43am Jun 21, 2015 4:43am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote} Hey Nik, I sold at 1.58829. I entered when the candle closed below the 34 ema EDIT: below is the chart {image}
Hey pips
Well done on your trades
,,,,, nice one.I hope to participate this week a bit more than last and I'll pop in to see you
.... laughing all the way to the bank
- #24,212
- Jun 21, 2015 7:22am Jun 21, 2015 7:22am
- Joined Aug 2012 | Status: Trader | 18,663 Posts
the cautious seldom err....C
- #24,213
- Jun 21, 2015 10:41am Jun 21, 2015 10:41am
something on pa..enjoy. Basic stuff which I apply http://t.co/gIOHRkEZhJ
- #24,218
- Edited 6:02am Jun 22, 2015 5:19am | Edited 6:02am
- Joined Aug 2012 | Status: Trader | 18,663 Posts
the cautious seldom err....C
- #24,219
- Jun 22, 2015 6:14am Jun 22, 2015 6:14am
- Joined Aug 2012 | Status: Trader | 18,663 Posts
the cautious seldom err....C
- #24,220
- Jun 22, 2015 6:20am Jun 22, 2015 6:20am
- Joined Aug 2012 | Status: Trader | 18,663 Posts
the cautious seldom err....C