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  • #59,841
  • Aug 21, 2015 7:59pm Aug 21, 2015 7:59pm
Tough week but still positive results so no complains. Four trades three winners and one BE.

Mon: PA was reject from 200EMA and TDI was bouncing from red and MBL. Entry was made as soon as candle clear the LO and DOL. There were TL and strong resistance above. The candle almost hit my TP and pullback. Closed manually to keep some pips in green.

Tue: Almost same situation as Mon and TDI looks great. Couldn't resist and took the trade. The first TP hit and the second one closed manually as PA hesitating at resistance.

Wed: Quick scalp for +15 pips back to 200EMA.

Thurs: My analysis were correct. PA reject from HTF TL and broke the resistance. Entry was made at the break of FO candle. But my EA closed the trade as BE. Could be easy +75 pips as use ME/ME with two positions.

Fri: No signal as of my trading plan. The BRN and TL being very close kept me out. The market moved by the end of LO when I am not around.
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  • #59,842
  • Aug 21, 2015 11:01pm Aug 21, 2015 11:01pm
Quoting Lupo.Nero
Anyone can tell me why today i've lost 25 pips from this chart? What can i do for to become profitable with this method? I've readed all Big E threads and in demo i'm profitable. In live no. Thx at all {image}
hi

Lupo.Nero;

I explained about your trade at this post :

 

  1. Post 59,819

Regards

  • #59,843
  • Aug 21, 2015 11:03pm Aug 21, 2015 11:03pm
Quoting hoperich
Tough week but still positive results so no complains. Four trades three winners and one BE. Mon: PA was reject from 200EMA and TDI was bouncing from red and MBL. Entry was made as soon as candle clear the LO and DOL. There were TL and strong resistance above. The candle almost hit my TP and pullback. Closed manually to keep some pips in green. Tue: Almost same situation as Mon and TDI looks great. Couldn't resist and took the trade. The first TP hit and the second one closed manually as PA hesitating at resistance. Wed: Quick scalp for +15 pips...
Nice trades mate
Green pips to you in the next week.

Regards
  • #59,844
  • Aug 21, 2015 11:48pm Aug 21, 2015 11:48pm
Quoting Lupo.Nero
Anyone can tell me why today i've lost 25 pips from this chart? What can i do for to become profitable with this method? I've readed all Big E threads and in demo i'm profitable. In live no. Thx at all {image}
First of all , its not a Demo wins, lives loss, you need to know what you are doing in order to be consistent, else, you will be running ups and downs

Second I am attaching lower time frame chart on EJ H1, after the first red candle on H4 ie the setup candle, EJ at LO already hits a strong support and formed double bottom, price if will go down on this occasion will have to break potential forming trend-line and double bottom, which way u think price likes to go?

Third , TDI above Mbl on H4, which means TDI bullish ,I think you dont use that so you can pass on the Mbl information
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I Have Learned to Take Some Losses to Make Profits
  • #59,845
  • Aug 22, 2015 2:47am Aug 22, 2015 2:47am
Quoting farhad10
{quote} Nice trades mate Green pips to you in the next week. Regards
Thank you Farhad10. You are taking some excellent trades as well. Congrats!!!!

This week pips wise I was low; however i used bigger lot size and end up making big profits.

HR
  • #59,846
  • Aug 22, 2015 5:48am Aug 22, 2015 5:48am
Thanks for repleis guys.
Must i have to look every time Timeframes H1 and Daily if i work with H4 ? For to check principal trend?
And if i work with H1 i must check m30 and H4 or only H4 and Daily?
Farhad10,do u use any moving average or pivot point in your charts?
Thx
  • #59,847
  • Aug 22, 2015 1:04pm Aug 22, 2015 1:04pm
2015 Week 34 - Trade Summary:

8 trades in total:
- 2 Wins
- 4 BE
- 2 Losses

After a few weeks off from trading, travelling around the US, I started back again this week, and what a week we saw on EA. Price moved almost 600 pips this week with Frankfurt proving to be particularly volatile. Price was trapped in a tight range until Wednesday US session when the inevitable breakout came. From there price shot skywards with the final candle of the week closing up above the D1 channel (see separate chart). It looks like we are finally leaving the quiet summer months behind us as we approach the end of August with the ADR on this pair now hovering around the 170-180 mark. Anyway, 8 trades in total from me this time round. Each trade risking circa 1% total across two positions. See more details below:

Monday: I was busy all day with meetings and couldn't get to my charts at all. A little unfortunate as there was two nice moves during London. LO candle set a nice pin over the 200ema coming back up to close blue. With green still firmly above red, this presented a nice opportunity for a long position at LO+1, just about good for +50 depending on spread. Price stalled and NYO formed a blue pin bar with TDI green crossing down over red. This presented another move in the other direction, again just about good for +50.

Tuesday: The first of this week's volatile FO candles. I tried to take a TMS entry long at LO with some confidence that I could get my SL to BE and then see what happened. Price stalled at Monday's high and began moving south. Waited for a couple of hours before taking a TMS entry short with the expectation we were headed for the bottom of the channel. Price had other ideas and I ended up taking a small loss. (-25, -1%)

Wednesday: FO climbed to the Asian high, before being quickly rejected and printing a large red candle. I took TMS entry short at LO on a break below FO but price didn't really go anywhere and I got out at BE. With US news approaching, I waited until NYO. The news candle retested the previous lows set by London and was rejected, eventually closing blue. This was a strong setup (LO lows rejected, price now above the 200ema, TDI green crossing red, yellow and 50 line.) At this point, I was unsure whether price would stall at the previous days highs or this was the inevitable breakout. I played it safe, and put both TP's at +50 in line with the previous highs. This was in fact the beginning of the large move that would breakout of the narrow range formed over the past few days. (+50, +2%)

Thursday: Yet again, FO proved to be really volatile, this time printing a sharp TDI bounce with a large bullish candle. I took TMS entry at LO, following the move which was good for +50 by the next candle. Price stalled so I moved my 100 pip TP back to +50 which was hit just before NY. Tried a TMS cross CT trade following NYO. I was unfortunately whipsawed out by a large pullback but as it happens, price never would have hit my 50 pip TP anyway. (+50, +2%)

Friday: Today was to be a real lesson in discipline. I took a standard CT TMS trade at LO+1 after the LO news candle had closed. This was quickly closed at BE. Following this, LO+2 printed a large pullback candle. I broke my rules by entering long on the next candle (my trade plan states that the setup candle must close in the correct colour, which in this case it hadn't. Also TDI green had hooked but was still a long way from red.) I paid the price since this was not a reversal at all but price was simply ranging after the early drop. What happened later on in this session was even more surprising from my point of view. Friday PM is usually dead with most traders closing up shop early on. This week however, it just kept going! The final candle of the week moved almost 70 pips! (-25,-1%)

Anyway, a good week to be back and I'm looking forward to what the coming weeks will bring.

Have a good weekend all.

Ballistical.
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Focus on the process and the profits will follow
  • #59,848
  • Aug 22, 2015 1:50pm Aug 22, 2015 1:50pm
Quoting emmanuel7788
{quote} You could have average up your positions...."Let Profits Run"
i am trying to learn all about positioning EMU. Sometime i do add but not always. A lot to learn

Have a very nice weekend
Sad i'm not trying to understand PA
  • #59,849
  • Aug 22, 2015 1:53pm Aug 22, 2015 1:53pm
Quoting Ballistical
2015 Week 34 - Trade Summary: 8 trades in total: - 2 Wins - 4 BE - 2 Losses After a few weeks off from trading, travelling around the US, I started back again this week, and what a week we saw on EA. Price moved almost 600 pips this week with Frankfurt proving to be particularly volatile. Price was trapped in a tight range until Wednesday US session when the inevitable breakout came. From there price shot skywards with the final candle of the week closing up above the D1 channel (see separate chart). It looks like we are finally leaving the quiet...
Very nice Ballistical. Excellent example of discipline. Many thanks for sharing.
Sad i'm not trying to understand PA
  • #59,850
  • Edited 3:16pm Aug 22, 2015 3:05pm | Edited 3:16pm
Quoting Ballistical
2015 Week 34 - Trade Summary: 8 trades in total: - 2 Wins - 4 BE - 2 Losses After a few weeks off from trading, travelling around the US, I started back again this week, and what a week we saw on EA. Price moved almost 600 pips this week with Frankfurt proving to be particularly volatile. Price was trapped in a tight range until Wednesday US session when the inevitable breakout came. From there price shot skywards with the final candle of the week closing up above the D1 channel (see separate chart). It looks like we are finally leaving the quiet...
Dear Ballistical

First I want to thank you for putting your trades here and share it with us.

just a suggestion:

When you plot a trend line, you must obey it, unless it breaks. look at no 1 and 2 that I draw in your pic
The TP's should were on the trend line, if so, you were not BE at them, you were at least +20 pips. ( just for scalp )
Another note, your trend line is uptrend trend line, so you should take buy trades. sell trades if trend line were being broken.this is why all of your sell trades failed.

you put your TP's below the trend line, it mean that trend line should break to hit your tp!

Green pips to you in next week.
regards
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  • #59,851
  • Aug 22, 2015 3:06pm Aug 22, 2015 3:06pm
Quoting Lupo.Nero
Thanks for repleis guys. Must i have to look every time Timeframes H1 and Daily if i work with H4 ? For to check principal trend? And if i work with H1 i must check m30 and H4 or only H4 and Daily? Farhad10,do u use any moving average or pivot point in your charts? Thx
Lupo.Nero;

Yes, I use 50 and 200 Ma's and prev D W M high and low indi.
you can find the indi at the paperclip.

Regards
  • #59,852
  • Aug 22, 2015 3:14pm Aug 22, 2015 3:14pm
Quoting Pipsta972
Emmanuel, could you please point me to posts where you explained TMS for day charts? Thank you!
This question is directed to Emm but as the link is handy, I am going to share:

http://www.forexfactory.com/showthread.php?t=334035

There are few other threads on TMS - I haven't checked those out yet.
  • #59,853
  • Aug 22, 2015 3:27pm Aug 22, 2015 3:27pm
Quoting Sesamstrasse
{quote} Follow them and youll have a smile in your face and dont listen in other systems . Master one and you master them all ! Or listen everywhere and get confused ! Hope that helped . Have a nice weekend to all : Guido
Agree with your "don't listen to other systems" advice. For some reasons, most of the new traders think more info is better, subscribe to many trading email services, read as many books as they can find on amazon, read as many blogs as they can and try few systems only to be more confused in few days.

Been there, done that.
I have wasted so much time and energy moving from one system to another and now I believe sticking to one religiously is the key to success. If this thread didn't produce profitable traders, it wouldn't have 2993 pages worth of posts!
  • #59,854
  • Aug 22, 2015 9:41pm Aug 22, 2015 9:41pm
[quote=Ballistical;8450125]2015 Week 34 - Trade Summary: 8 trades in total: - 2 Wins - 4 BE - 2 Losses After a few weeks off from trading, travelling around the US, I started back again this week, and what a week we saw on EA. Price moved....

Hi Ballistical,

Nice to see you back in action after vacation. Very comprehensive details and it will be good reading for Sunday morning. Your Thurs trade was killer entry and then ME/ME was good. I am still wondering about my EA (CM), some how it stopped me at BE without reaching 21 pips. Oh well, the benefits of using CM is much higher then some system errors. This week I broke my 5% risk rule and use much bigger lot in one of the +54 pips trade. It works but I need to work on this bad habit as it appears
afterevery few weeks. I need to work on my will power muscle and give it regular exercises

Very good techniques in the link to work on our will power from HBR by Heidi Grant:

https://hbr.org/2011/02/nine-things-successful-people

Thanks, HR
  • #59,855
  • Aug 23, 2015 3:11am Aug 23, 2015 3:11am
Quoting dewdrops
{quote} Agree with your "don't listen to other systems" advice. For some reasons, most of the new traders think more info is better, subscribe to many trading email services, read as many books as they can find on amazon, read as many blogs as they can and try few systems only to be more confused in few days. Been there, done that. I have wasted so much time and energy moving from one system to another and now I believe sticking to one religiously is the key to success. If this thread didn't produce profitable traders, it wouldn't have 2993 pages...
Just be master in doing one thing, make this strategy works for you as a trader, anyone that tries to change a strategy might put him self in a cycle that never ends, ie shifting from one to another, its all about mastering one strategy , I my self still learning and didn't master this strategy as of yet, but dose it really matters, time will tell
I Have Learned to Take Some Losses to Make Profits
  • #59,856
  • Aug 23, 2015 3:20am Aug 23, 2015 3:20am
Farhad10,must i have to look every time Timeframes H1 and Daily if i work with H4 ? For to check principal trend?
And if i work with H1 i must check m30 and H4 or only H4 and Daily?

Why do u use 50 and 200 Ma's and prev D W M high and low? As walls?
  • #59,857
  • Aug 23, 2015 3:40am Aug 23, 2015 3:40am
Quoting Lupo.Nero
Farhad10,must i have to look every time Timeframes H1 and Daily if i work with H4 ? For to check principal trend? And if i work with H1 i must check m30 and H4 or only H4 and Daily? Why do u use 50 and 200 Ma's and prev D W M high and low? As walls?
Lupo.Nero;

Well,it's better to look at lower time frame to fine tuning the trades. if you want to trade H1, you should take trades forward to D trend and take the H4 crosses as you entries.
if you want to trade H4, you should look at W trend and then look at D when you want to trade H4. For example I am trading M30 based with H4.

All in one: you should not take a trade against two higher time frame if you want to trade safely. of course you can scalp by looking one higher TF, but I think that is has so many risks.

I use 200 ma for long term trend and 50 for midterm trend and some times for putting SL and TP's.
prev D W M high and low, use to see that where price was before and all us know that it does repeat these level's usually. besides you can use break of these levels as a trade.

Regards
  • #59,858
  • Aug 23, 2015 4:36am Aug 23, 2015 4:36am
Thanks for replies. Can I use pivot points support-resistence as walls? I noticed that price bounces or breaks on pivot points very often
  • #59,859
  • Aug 23, 2015 8:33am Aug 23, 2015 8:33am
Quoting Lupo.Nero
Thanks for replies. Can I use pivot points support-resistence as walls? I noticed that price bounces or breaks on pivot points very often
Yes of course, using them are very helpful.
exactly, you can use the bounce and breaks.

Regards
  • #59,860
  • Aug 23, 2015 11:08am Aug 23, 2015 11:08am
I can use only pivot points? Or is better use ema100,ema200,prev D-W-M high/low too?
I don't like charts too busy
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