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  • #66,161
  • Feb 24, 2016 7:03am Feb 24, 2016 7:03am
Valid long entry ? plz share your thoughts
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  • #66,162
  • Feb 24, 2016 7:07am Feb 24, 2016 7:07am
Quoting Dridzz
Valid long entry ? plz share your thoughts {image}
Hi Dridzz,

This would be aggressive. TDI crossing but candle is live I think?

I do not see OHLC. It's good to see this on your chart.

Risks:

countertrend
not crossed 5EMA shift
buy into previous structure
VB expending down and MBL starting to slope down
  • #66,163
  • Feb 24, 2016 7:11am Feb 24, 2016 7:11am
Quoting tibovwh
{quote} Hi Dridzz, This would be aggressive. TDI crossing but candle is live I think? I do not see OHLC. It's good to see this on your chart. Risks: countertrend not crossed 5EMA shift buy into previous structure VB expending down and MBL starting to slope down
Thx for commenting
  • #66,164
  • Feb 24, 2016 8:46am Feb 24, 2016 8:46am
Quoting tibovwh
I'd like to discuss this a bit further. Never use any Martingale. From wikipedia: "A martingale is any of a class of betting strategies that originated from and were popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss, so that the first win...
Hi Tibovwh,

edit this part:
Fixed fractional lotsize based on 0.5% (= 25€ // we cannot trade with 300pips SL with less)

first entry: 1 lot - hard SL: 300pips - 27€ risk ~ 0.5%
second entry: 1 lot - hard SL: 250pips - 22.5€ risk ~ 0.5%
third entry: 1 lot - hard SL: 200pips - 18€ risk ~ 0.4%
fourth entry: 2 lot - hard SL : 150pips - 27€ risk ~ 0.5%
fifth entry: 3 lot - hard SL: 100pips - 27€ risk ~ 0.5%

total risk = 121€ (=2.5%)
5*0.5% risk = 25€
avg ep = between third and fourth entry


for those using ME/ME this is good way to manage your risk.
thanks again for sharing this information.
  • #66,165
  • Feb 24, 2016 9:41am Feb 24, 2016 9:41am
Quoting makron
AU H4 sell: PB off resistance line, light div, TDI cross. Its counter trend trade, so looking for tight SL {image}
closed +40p
  • #66,166
  • Feb 24, 2016 9:41am Feb 24, 2016 9:41am
EA long on NYO opens for +50 pips
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I Have Learned to Take Some Losses to Make Profits
  • #66,167
  • Feb 24, 2016 9:48am Feb 24, 2016 9:48am
Quoting Meihk
{quote} Hi Tibovwh, edit this part: Fixed fractional lotsize based on 0.5% (= 25 // we cannot trade with 300pips SL with less) first entry: 1 lot - hard SL: 300pips - 27 risk ~ 0.5% second entry: 1 lot - hard SL: 250pips - 22.5 risk ~ 0.5% third entry: 1 lot - hard SL: 200pips - 18 risk ~ 0.4% fourth entry: 2 lot - hard SL : 150pips - 27 risk ~ 0.5% fifth entry: 3 lot - hard SL: 100pips - 27 risk ~ 0.5% total risk = 121 (=2.5%) 5*0.5% risk = 25 avg ep = between third and fourth entry for those using ME/ME this is good way to manage your risk. thanks...
Hi Meihk,

Thanks for taking the time to digest my post. I'm not sure if this needs editing, however.

With this 300pips SL and an account of 5K€ we can only trade 1 lot risking 0.5% of equity.

5000€*0.005 = 25€
(0.1/1.1€)*300 = 27€

So 5 Entries risking 0.5% would be 2.5% => 125€

In this case our risk (based on our hard SL) is always approximatly what we set it up to be (ignoring some rounding).

I think my reasoning is correct. Or am I making a mistake somewhere?

Best
  • #66,168
  • Feb 24, 2016 10:07am Feb 24, 2016 10:07am
EU, if TL will be broken, looks like good buy
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  • #66,169
  • Feb 24, 2016 10:36am Feb 24, 2016 10:36am
Quoting Dridzz
Valid long entry ? plz share your thoughts {image}
You have H1 countertrend, I stay off

dan
  • #66,170
  • Edited 11:14am Feb 24, 2016 11:02am | Edited 11:14am
UC Sell: BEOB off resistance line, TDI

NU: BUOB, div, off TL, waiting for TDI confirmation
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  • #66,171
  • Feb 24, 2016 11:17am Feb 24, 2016 11:17am
Quoting makron
UC Sell: BEOB off resistance line, TDI NU: BUOB, div, off TL, waiting for TDI confirmation {image} {image}
I like your trades!

Only thing I'm thinking is that London has closed and perhaps not the best time to open a trade. But certainly potential
  • #66,172
  • Edited 12:19pm Feb 24, 2016 11:48am | Edited 12:19pm
Hi Emmanuel,

regarding ME/ME... some pages ago you said you will follow your ME/ME rules until the D1 setup is no more valid. What do you consider as "no more valid": only TDI cross or changing direction, too (as in picture below) ?

Attached Image (click to enlarge)
Click to Enlarge Name: Invalid setup.PNG Size: 126 KB


Thank you very much for sharing so much of your experience with us all!
Best regards, blackfriday
  • #66,173
  • Feb 24, 2016 11:51am Feb 24, 2016 11:51am
Quoting makron
UC Sell: BEOB off resistance line, TDI NU: BUOB, div, off TL, waiting for TDI confirmation {image} {image}
Hello Makron,
wait to closes candles for a few minutes.


look my chart H4 NZDUSD!

H4 candle Will appear after 5 minutes
Attached Image (click to enlarge)
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  • #66,174
  • Feb 24, 2016 12:01pm Feb 24, 2016 12:01pm
Anyone noticing DTLC(Double Top Lower Close ) on USDCAD H4 ?
  • #66,175
  • Feb 24, 2016 12:59pm Feb 24, 2016 12:59pm
Quoting blackfriday
Hi Emmanuel, regarding ME/ME... some pages ago you said you will follow your ME/ME rules until the D1 setup is no more valid. What do you consider as "no more valid": only TDI cross or changing direction, too (as in picture below) ? {image} Thank you very much for sharing so much of your experience with us all!

Hi,

based on your chart, a TDI setup in the opposite direction will invalidate the sell setup on D chart.

but if you look at Weekly, the TDI is still sell, so we must watch the D1 carefully.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,176
  • Feb 24, 2016 1:01pm Feb 24, 2016 1:01pm
Quoting mousteven
Anyone noticing DTLC(Double Top Lower Close ) on USDCAD H4 ?
yes, scalp entry ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,177
  • Feb 24, 2016 1:33pm Feb 24, 2016 1:33pm
Quoting emmanuel7788
{quote} yes, scalp entry ...
Hi Big Emm:
Did you have enough sleep?
  • #66,178
  • Edited 2:10pm Feb 24, 2016 1:54pm | Edited 2:10pm
USD/CAD up 35+ pips scaled out half due to possible retrace of TL
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  • #66,179
  • Feb 24, 2016 2:12pm Feb 24, 2016 2:12pm
What about this trade?

An aggressive entry on H4 TDI segnal, now i've moved the stop to BE with +31 pips and couting.

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It's not over, until I win.
  • #66,180
  • Feb 24, 2016 3:17pm Feb 24, 2016 3:17pm
Update.

50 pips profit, still counting. SL moved to +25, target 77 pips.

Any thoughts?

P.s. I have to set an automatic TP as I won't be able to check the position when the next H4 candle opens.

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It's not over, until I win.
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