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Trading Made Simple for Day Charts

  • #2,241
  • Nov 12, 2015 4:32pm Nov 12, 2015 4:32pm
Hi Catalin,

I don't trade the EC but it doesn't look bad. But there is one thing, why don't you enter at the OPEN of a candle?Or does the cross occurred during the day?

Yesterday I have also AUDUSD but the large candle was happend through the news, often the next day stucked in this candle eg as an IB. Also I've drawn the Trendlinie, I'm waiting for a retrace to the south, hopefully it will beabove the 50s in the TDI...

regards
  • #2,242
  • Nov 12, 2015 4:33pm Nov 12, 2015 4:33pm
Another Trade, EURGBP, not a very nice cross but some room to go up, 2nd candle...

regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.png Size: 72 KB
  • #2,243
  • Nov 13, 2015 4:46am Nov 13, 2015 4:46am
Quoting Deichkind
Hi Catalin, I don't trade the EC but it doesn't look bad. But there is one thing, why don't you enter at the OPEN of a candle?Or does the cross occurred during the day? Yesterday I have also AUDUSD but the large candle was happend through the news, often the next day stucked in this candle eg as an IB. Also I've drawn the Trendlinie, I'm waiting for a retrace to the south, hopefully it will beabove the 50s in the TDI... regards
Hello, Deichkind (or Thorsten, not sure how to address you)!

I intend to enter on the open of the candle, only on candle 1 or 2, as per Big E's rules. Yes, you are right, the TDI showed a cross when I posted the screenshot, but 24 hours earlier I did not see a setup. I either missed it, or the cross happened during the day, as you stated.

Your comments are very well appreciated. Thank you!

P.S.: I edited the mistake from the last post, when I said there was a BUEB, when in fact the correct term was BUOB. Thanks to this post -> http://www.forexfactory.com/showthre...62#post8590062 , I corrected myself and learnt something new.
  • #2,244
  • Nov 13, 2015 5:09am Nov 13, 2015 5:09am
Quoting Deichkind
Another Trade, EURGBP, not a very nice cross but some room to go up, 2nd candle... regards {image}
Hmmmm.... Would you mind explaining your entry? Did you enter purely based on the TDI cross? I see the APB very small, and I think when it opened, it did not open above the 5EMA. Was your entry based on the double bottom pattern? Or maybe on the outside bar pattern? I am sorry for asking, but I need to understand better. I am attaching a pic.
Attached Image (click to enlarge)
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  • #2,245
  • Nov 13, 2015 6:12am Nov 13, 2015 6:12am
Hi Catalin,

EG was a "bullshit"-trade from me...closed it...

regards

Thorsten
  • #2,246
  • Nov 16, 2015 2:00am Nov 16, 2015 2:00am
Good morning, guys!

I took a short on EJ trade last night. It was the only setup I could see: sizable red APB, candle number 2, the TDI angle was right. The only issue I had was that we were crossing the 32 level. But I figured it will move 60 more pips, since the W1 is not in the OS just yet. I woke up with a smile on my face. 60 pips was my TP, 40 pips my SL, as per the instructions of a better trader.
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  • #2,247
  • Nov 16, 2015 4:14am Nov 16, 2015 4:14am
Hi Catalin,

some times the price will go any further south wenn you are at 32 at the TDI but be careful. I'm trying to not trade in these areas.
What you can make is to avaible the volatility-bands on the TDI. I think the best trades will come when price were outside the bands and come back. Also when Short-Setup comes near/over the 68 and Long near/under the 32.

When you look on your example on EURJPY you will see that TDI works flat/range on the last 10 candles roundabout, avoid this and look for a better Setup.
In october this year I've found only 3-4 Setups, on Daily we have to be patient and have to wait for the best Setups(also on other TFs). Thats also a problem for me as you can see in the EURGBP above.

regards

Thorsten
  • #2,248
  • Nov 16, 2015 6:24am Nov 16, 2015 6:24am
Quoting Deichkind
Hi Catalin, some times the price will go any further south wenn you are at 32 at the TDI but be careful. I'm trying to not trade in these areas. What you can make is to avaible the volatility-bands on the TDI. I think the best trades will come when price were outside the bands and come back. Also when Short-Setup comes near/over the 68 and Long near/under the 32. When you look on your example on EURJPY you will see that TDI works flat/range on the last 10 candles roundabout, avoid this and look for a better Setup. In october this year I've found...
Hello, Thorsten!

You are right. And there is an important S/R level, and zooming out or scrolling to the left will make that level very clear. As Guido pointed out in a PM, although it turned out to be a winner, it was a bad trade, for selling into resistance. My bad! I hope others will learn from my mistake.
  • #2,249
  • Nov 16, 2015 8:31am Nov 16, 2015 8:31am
Guys the problem we have here is wanting ti capture the entire spike that results out of the news release. I trade news quite differently with a fairly high level of success. For me it is not how many pips you make but how much dollars you make. Let me share with you three trades I took this month
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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These are M5 charts. I base my trades on M5 charts after the release. I aim for 40% of the candle body excluding the tail/ wick. That is if the candle body is 60 pips my take profit is 60 x 0.4 = 24 pips + spread. And I do not trade every news release.

Out of the three trades, the AUD one did not get to mt tp but I exited with more than half my intended target.

With experience the strike rate could be around 75%
  • #2,250
  • Nov 16, 2015 8:45am Nov 16, 2015 8:45am
And there is another strategy that I use for the wipsaw news releases with an equally high strike rate. I will share it with you with diagrams if you so wish
  • #2,251
  • Nov 16, 2015 9:05am Nov 16, 2015 9:05am
Dear johNal,

we only discuss here TMS Daily, not your strategy, no M5/M15/H1 and so on...only TMS on D1...nothing else
  • #2,252
  • Nov 17, 2015 3:58am Nov 17, 2015 3:58am
Quoting johNal
Guys the problem we have here is wanting ti capture the entire spike that results out of the news release. I trade news quite differently with a fairly high level of success. For me it is not how many pips you make but how much dollars you make. Let me share with you three trades I took this month{image}{image}{image} These are M5 charts. I base my trades on M5 charts after the release. I aim for 40% of the candle body excluding the tail/ wick. That is if the candle body is 60 pips my take profit is 60 x 0.4 = 24 pips + spread. And I do not trade...
I am very sorry traders. I posted this in the wrong forum. I had several forums open at the time and posted in the wrong one. I will try to delete it. I am sorry once again
  • #2,253
  • Nov 19, 2015 4:12pm Nov 19, 2015 4:12pm
at Midnight two trades, EURUSD-2nd candle, Cross during the day, some room to go up, strong candle and USDJPY-also 2nd candle, cross during the day, room to go down and strong candle

regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 63 KB


Attached Image (click to enlarge)
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regards
  • #2,254
  • Nov 19, 2015 5:48pm Nov 19, 2015 5:48pm
Also NU, long signal. I don't know if you trade this. I checked the Japanese cnadles chart, to see if I have room for 60 pips. It seems there is just about that. But I am not sure if I should have taken it. My logic tells me I should have had about 80-100 pips room at least, and aim for 60. What do you think?
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Here is GA. This pair moves much in pips, so 60 TP seems too little to aim for. I went for a 180 TP and 150 SL. Bounce trade, confluence with the triangle break.
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  • #2,255
  • Nov 19, 2015 5:53pm Nov 19, 2015 5:53pm
Quoting Deichkind
at Midnight two trades, EURUSD-2nd candle, Cross during the day, some room to go up, strong candle and USDJPY-also 2nd candle, cross during the day, room to go down and strong candle regards{image} {image} regards
I see a TL in the way of UJ. It might not work out. Probably best to wait for break or bounce. What's your opinion?
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  • #2,256
  • Nov 19, 2015 11:04pm Nov 19, 2015 11:04pm
Hi Catalin,

as you see I'm only looking for bigger trendlines but mostly concentrate on "good" TDI-cross, SR-zones and good candle...NU looks goodGA also...

regards
  • #2,257
  • Nov 20, 2015 4:52am Nov 20, 2015 4:52am
Quoting Deichkind
Hi Catalin, as you see I'm only looking for bigger trendlines but mostly concentrate on "good" TDI-cross, SR-zones and good candle...NU looks goodGA also... regards
Thanks for the feedback, T!

Any idea why I cannot edit this post? I wrote "selling into resistance" and I'd like to correct that, but I just don't have the EDIT option.
  • #2,258
  • Nov 21, 2015 5:26am Nov 21, 2015 5:26am
@Catalin, I've the same problem, can't edit my older post, only the new one
  • #2,259
  • Nov 22, 2015 5:23pm Nov 22, 2015 5:23pm
Hi, guys!

Here is the outcome of my GA trade: TP hit, 170 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: FF a.jpg Size: 364 KB

NU still in progress.
  • #2,260
  • Nov 23, 2015 4:08am Nov 23, 2015 4:08am
Quoting catalin_eros
Hi, guys! Here is the outcome of my GA trade: TP hit, 170 pips. {image} NU still in progress.
NU closed. SL hit, -42 pips.
Attached Image (click to enlarge)
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