My 2 Trades for the day, time to close shop, Total = 48 Pips
Attached Image(s) (click to enlarge)
Been using this system since 2012 but only now had time to analyze all my trades and create a forum account! 
I've found most of my losses resulted in entering trades at 10pm (PST) when the TDI green crossed the red. Then I would go to sleep only to find out that when the candle closed, the TDI flicked back up or flat...so it showed that the TDI didn't cross the red. Any suggestions to avoid this?
I've found most of my losses resulted in entering trades at 10pm (PST) when the TDI green crossed the red. Then I would go to sleep only to find out that when the candle closed, the TDI flicked back up or flat...so it showed that the TDI didn't cross the red. Any suggestions to avoid this?
- #62,505
- Nov 4, 2015 11:48am Nov 4, 2015 11:48am
Been using this system since 2012 but only now had time to analyze all my trades and create a forum account!
- #62,507
- Nov 4, 2015 12:42pm Nov 4, 2015 12:42pm
- Joined Nov 2013 | Status: Trader | 1,094 Posts
Iam short AUDUSD and GBPUSD
- #62,508
- Nov 4, 2015 2:38pm Nov 4, 2015 2:38pm
- Joined Jul 2013 | Status: Trader | 1,045 Posts
{quote} Thanks! I guess I just get greedy and don't want to miss a trade. I get this thought "It's the 1st or 2nd candle and it's crossed I need to take this trade".
Take a look at my miss today on UC:
http://www.forexfactory.com/showthre...90#post8574090
http://www.forexfactory.com/showthre...88#post8574588
It's my "would have" trade, because it followed my analysis perfectly and I would have been ended the trade with 75 pips profit, if I hadn't exited on BE. But I got out because of the coming news. Although different than yours, this is one miss in my book, but I will be entering tomorrow the forex shop again and catch another promotion.
- #62,509
- Nov 4, 2015 2:55pm Nov 4, 2015 2:55pm
EU Trade:
Patience...
First trade was TDI cross away from Daily open.
50p sl that was missed by a pip. Took some out at +50. Rest at tp 150..was hit over night.
Second position taken after bounce off daily open with tdi cross on lower timefame. SL was taken on the pip!
Patience...
First trade was TDI cross away from Daily open.
50p sl that was missed by a pip. Took some out at +50. Rest at tp 150..was hit over night.
Second position taken after bounce off daily open with tdi cross on lower timefame. SL was taken on the pip!
- #62,510
- Nov 4, 2015 3:46pm Nov 4, 2015 3:46pm
- Joined Dec 2013 | Status: Trader | 1,680 Posts
{quote}you are great help buddy.
Sad i'm not trying to understand PA
Been using this system since 2012 but only now had time to analyze all my trades and create a forum account!
Nice meeting you.
I live in Montana, Mountain Standard Time.
My 4 hour candle opens at 11:00 p.m. my time.
I also noticed that the market flips between the Asia session &
the London session. What I'm doing is: Not taking any trades
in the Asia Session & setting my alarm clock for 3:00 a.m. (next candle
change) then entering my trades at this time, then going back to bed until
7:00 a.m. my next candle change.
The other alternative is to trade the Daily chart, which I also trade. The
"Big Money" is trading the daily chart for about 5-6 candles runs. Their are advantages
& disadvantages to this method...but, I trade both the 4 hour & daily...depending
on how the candles look. Then at the N/Y open I'll drop down to the 1 hour candles.
The markets have changed since Eelfranz designed TMS. If you look at a 2008 chart
you can see the beautiful long trends that he had! The markets now are a lot tighter!
The bottom line is: you gotta do what you gotta do...
I hope I helped you!
sj
- #62,512
- Nov 4, 2015 6:51pm Nov 4, 2015 6:51pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
{quote} Target 1116 reached.
XAUUSD Gold update 5 Nov:
Further drop yesterday, very close to 1105 but not tested that level yet. Market sentiments is still bearish so we do not buy yet.
It will not reverse violently but we must see consolidation before that reversal can happen. At minimum we need to see at least 2 to 3 Day candles for a reversal.
Selling is still the better option.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #62,513
- Nov 4, 2015 7:01pm Nov 4, 2015 7:01pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
EU Trade: Patience... First trade was TDI cross away from Daily open. 50p sl that was missed by a pip. Took some out at +50. Rest at tp 150..was hit over night. Second position taken after bounce off daily open with tdi cross on lower timefame. SL was taken on the pip! {image}
Hi,
Good profits.
But .... (see my comments on your chart below).
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #62,514
- Nov 4, 2015 7:15pm Nov 4, 2015 7:15pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
EURJPY H1 4 Nov... {image}
EURJPY trades closed:
H1 paused for few hours but H4 was still bearish so I held on the last position.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} dbdan, Nice meeting you. I live in Montana, Mountain Standard Time. My 4 hour candle opens at 11:00 p.m. my time. I also noticed that the market flips between the Asia session & the London session. What I'm doing is: Not taking any trades in the Asia Session & setting my alarm clock for 3:00 a.m. (next candle change) then entering my trades at this time, then going back to bed until 7:00 a.m. my next candle change. The other alternative is to trade the Daily chart, which I also trade. The "Big Money" is trading the daily chart for about...
Hi snarlyjack3,
Thanks for your input
I've been doing the same for the last year and a half but occasionally taking trades at 10pm (I'm on Pacific Standard time) and that's where most of my losses are coming from because it would cross the red and then reverse by the time I woke up at 2am.
