{quote}Post some charts of your trades where you are losing.
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Lower risk, stress free TDI system
- #3,881
- Jul 15, 2016 11:38pm Jul 15, 2016 11:38pm
- #3,882
- Jul 16, 2016 12:22am Jul 16, 2016 12:22am
- Joined Nov 2008 | Status: Trader | 50,194 Posts | Online Now
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #3,888
- Jul 18, 2016 3:13am Jul 18, 2016 3:13am
{quote} hey kentsos - no 1 can answer this buddy...... IMO there is no point ask'n this question cause the way 2 tink about it is over the long term ..... wat is ur avg R:R over like a month/year ...... wat is ur avg win% over a month/year etc ....... i always focus on the longer term picture and never on each particular trade
nice trading guys
- #3,890
- Jul 18, 2016 12:24pm Jul 18, 2016 12:24pm
Hello,
Is this a valid Method 1 bounce trade?
'Red line' would be the set-up candle, and the entry would be start of the next candle. It would be a 50/50 trade, so there is room to the upside.
One negative I see, it closed back inside the MC, candles are small, no strong momentum.
Thanks.
-Lee
Is this a valid Method 1 bounce trade?
'Red line' would be the set-up candle, and the entry would be start of the next candle. It would be a 50/50 trade, so there is room to the upside.
One negative I see, it closed back inside the MC, candles are small, no strong momentum.
Thanks.
-Lee
- #3,892
- Edited 3:49pm Jul 18, 2016 3:07pm | Edited 3:49pm
- Joined Apr 2016 | Status: Trader | 175 Posts
Hello, Is this a valid Method 1 bounce trade? 'Red line' would be the set-up candle, and the entry would be start of the next candle. It would be a 50/50 trade, so there is room to the upside. One negative I see, it closed back inside the MC, candles are small, no strong momentum. Thanks. -Lee {image}
i improved my winrate by trading only the strong vs weaks and with higher winrate you can risk more money.
- #3,893
- Jul 19, 2016 4:00am Jul 19, 2016 4:00am
Hello, Is this a valid Method 1 bounce trade? 'Red line' would be the set-up candle, and the entry would be start of the next candle. It would be a 50/50 trade, so there is room to the upside. One negative I see, it closed back inside the MC, candles are small, no strong momentum. Thanks. -Lee {image}
I'm assuming your looking to buy, if not you've got it completely wrong
The set-up candle you marked was a pin bar. Buyers had tried to push price up but sellers had stopped it and forced it back down. This shows indecision from buyers/sellers. Also when the TDI PL (green), SL (red) and MBL (yellow) are curled around each other this is a sure sign of consolidation.
The green and red lines are flat on your chart indicating no real price movement and no momentum. Price would need to close above the the previous days high to have a chance of going higher. That's where you might see a continuation bounce worth taking
The TDI lines show more than crosses. They tell you what buyers/sellers are doing and therefore give you an edge.
Good luck
Never argue with a fool; onlookers may not be able to tell the difference.
- #3,895
- Jul 19, 2016 10:40am Jul 19, 2016 10:40am
{quote} Hi, I'm assuming your looking to buy, if not you've got it completely wrong
Heheeh yes, going long...
You are absolutely right on your points and SPOT ON on the continuation bounce call!! If I had waited, with the opening of the Asian session, there was indeed a continuation bounce just as you called it, that would netted 50+!
Thank you for the education!!
Regards.
-Lee
