{quote}{image} {image}
thanks again
Carpe Diem
Lower risk, stress free TDI system
- #3,582
- Edited 6:14pm Jun 29, 2016 5:39pm | Edited 6:14pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
can someone explain me what is wrong here? is this no SELL entry according to method 1? again, the second image, is this not a buy sign according to method 1? where do i put my sl and where do i put my tp? thank you in advance {image} {image}
strictly following Medhi' Method 1, both your charts were not Method 1 setups.
when there is a Method 1 setup, look at the candle size and the price action. You can consider placing your SL using the previous 2-days high for sell and the 2-days low for buy. Provided you use % risk and position sizing correctly.
Medhi would close his D1 trades at the end of day EOD and take what the market gave him. No talk about R:R, number of pips, whatsoever.
If you want to talk about R:R and Expectancy, that would be another big story and many long discussions in public forums like this.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #3,586
- Jun 29, 2016 6:48pm Jun 29, 2016 6:48pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} so maybe this one? down in the last days, but what about today too, as another day as began? {image}
read Merrygold post:
{quote} The chart you are refering to, is right after brexit.. The tdi is just lagging behind price action, i would not recommend rookie traders to trade that, scale down in tf to get more setups. It will take weeks for the daily to 'go back to normal'
I agree.When we want to trade with Stoch and TDI here, we should wait for many days until the oscillators data get back to regular distribution.
Otherwise, we can still trade with price action at support&resistance PASR setups.
The worst days after Brexit are over, just the first knee-jerk reaction. But more will happen in the next weeks and months (can last for 2 years) as the consequences will start to show in the market place. We are trend following technical traders, We buy when we see buyers and we sell when we see sellers. We are poor retail traders, we have no influence over the market. We poor retail traders do not move the market, the big boys move the market. We just try our best to follow when the market moves.
Trade Well and Be Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #3,587
- Jun 29, 2016 7:58pm Jun 29, 2016 7:58pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,094 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,591
- Jun 30, 2016 2:09am Jun 30, 2016 2:09am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} geol13; Just look at the pics and see how many support are at that point ! I wouldn't take this trade at this time, because it's a risky trade, unless for scalping . {image} {image}
and also when I trade H4, I would also look at Weekly direction especially when the previous 3 days were small candles.
today is last trading day of the Month. MN and W1 are in conflict.
be safe, trade after next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #3,592
- Jun 30, 2016 2:10am Jun 30, 2016 2:10am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
can someone explain me what is wrong here? is this no SELL entry according to method 1? again, the second image, is this not a buy sign according to method 1? where do i put my sl and where do i put my tp? thank you in advance {image} {image}
..... remember method 1 is a trending method ..... ic see no trend on EU D1 4 a sell [ur first chart] cause we r in consolidation [see my chart below] .... as MG points to supp&ress we see a strong W1 change-of-polarity in the way of the range bound trade 
...... IMO risk:reward is mega important and u must look @ this before entering the trade .... these r all just the basics that u will pick up when u keep trading 4 a long time 
- #3,594
- Jun 30, 2016 2:40am Jun 30, 2016 2:40am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} You were a winner this time Happy green pips
the game is not overall yet until this current H4 closes. market just spike to test this week's low. as usual ...Fear and Greed.
scalpers will take and run.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #3,595
- Jun 30, 2016 2:42am Jun 30, 2016 2:42am
{quote} the game is not overall yet until this current H4 closes. market just spike to test this week's low. as usual ...Fear and Greed. scalpers will take and run.
So tp was hit
- #3,596
- Jun 30, 2016 2:44am Jun 30, 2016 2:44am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
GJ H4 - method 2 wit fast stoch 5,3,3 - a classic PA pattern here- had 2 pan back 2 W1/MN supp - got a nice bounce there but got in early - 2 tickets long - 1 ticket scalped
- 2nd ticket [was on the bounce trade - second entry] got to around 150pips but i got out around 50pips ..... no problem its all expected as MG says 
- #3,597
- Jun 30, 2016 2:47am Jun 30, 2016 2:47am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #3,598
- Jun 30, 2016 2:58am Jun 30, 2016 2:58am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
GU H4 - method2 wit fast stoch 5,3,3 [cause its CT ] - same as GJ H4 but no more lucky [small loss 4 2nd ticket] ..... cant win them all 
] - same as GJ H4 but no more lucky [small loss 4 2nd ticket] ..... cant win them all 
- #3,599
- Jun 30, 2016 3:04am Jun 30, 2016 3:04am
GU H4 - method2 wit fast stoch 5,3,3 [cause its CT
At Post 3,592
You mentioned that in condolidation and change of polarity shouldn't take any trade.
why did you take the second trade ?
Pay more attention buddy
regards
- #3,600
- Jun 30, 2016 3:06am Jun 30, 2016 3:06am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
EJ H4 - method2 wit fast stoch 5,3,3 - just the 1 ticket - didnt expect much this W1 - only around 300pips
