Trading Made Simple

Quoting caah

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Hi Folks Last evening i managed to secure ME x 3 trade on GN. Higher timeframes (M & W) not quite ready for extended move, however testing 40% ATR (52) possible. Trade was placed using scripts by drop_3Lots_pending buy. TP1-25, TP2- 50, TP3- 82 near previous Resistance or just passed 40% ATR (52). Set and forgot entry as i went out for evening. TP1 & 2 close by script, TP3 manually closed at previous swing high. {image}

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Quoting inmon

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{quote} Hi, can you please point me to posts that mention about the reasons that change settings from the original TDI of Big E? Thanks

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Quoting Forex37

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{quote} Unfortunately snarlyjack hasn`t been here since more than a year and lastingwell sadly joined BIG E...

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Quoting emmanuel7788

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{quote} did you use Position Sizing? if you did use Position Sizing, the SL of 100pips cannot cause any damage larger than your initial Risk %. Drawdown must always by kept small in relation to your trading capital. Never more that the Risk % of each trade. Post a chart showing where your entry and exit were. I can explain what you can do better in trade management.

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Quoting firsttimer

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{quote} Hi Em, thank you for the constant help. My risk % of this trade is actually very small (<1%). However, draw down feeling is demoralizing. 1. Entry based on daily and H4 downtrend, supported by resistance of BRN 1.3 and swing high at slightly above 1.3. 2. Trade turned against me (TDI bounced) and went uptrend. 3. I thus shifted the SL to above ma 50 and TP to breakeven. {image}

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Quoting caah

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Hi Folks Last evening i managed to secure ME x 3 trade on GN. Higher timeframes (M & W) not quite ready for extended move, however testing 40% ATR (52) possible. Trade was placed using scripts by drop_3Lots_pending buy. TP1-25, TP2- 50, TP3- 82 near previous Resistance or just passed 40% ATR (52). Set and forgot entry as i went out for evening. TP1 & 2 close by script, TP3 manually closed at previous swing high. {image}

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Quoting firsttimer

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just hit a SL of almost 100 pips with GU. This sucks because it drew down my account. (profits from last week all gone) SL could have been just 50 pips. (i shifted SL to next resistance) Must made it a point not to hold on to losses and hope for reversals.

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Quote

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It’s when you’re winning that you are most susceptible to making a mistake, overtrading, putting on too large a position, violating your rules, or generally operating as if no prudent boundaries on your behaviour are necessary. Mark Douglas

Quoting emmanuel7788

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GBPCAD Sep 29 H4: H4 price action pauses at BRN 1.7000 so we look for the next setup at this BRN. D1 chart traders will sell base on the price bar pattern (or japanese candlestick pattern) but the H1 traders will see that the RSI/TDI is in oversold region so they hesitate and wait. M15 is coming out of its OS, the TD has re-entered the VB and overall PA is into narrowing range trading. What shall you do in such situation? Do you have a low risk idea how to trade these sort of situations which happen everyday? {image}

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Quoting emmanuel7788

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GBPCAD Sep 29 H4: H4 price action pauses at BRN 1.7000 so we look for the next setup at this BRN. D1 chart traders will sell base on the price bar pattern (or japanese candlestick pattern) but the H1 traders will see that the RSI/TDI is in oversold region so they hesitate and wait. M15 is coming out of its OS, the TD has re-entered the VB and overall PA is into narrowing range trading. What shall you do in such situation? Do you have a low risk idea how to trade these sort of situations which happen everyday? {image}

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Quoting emmanuel7788

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{quote} Hi firsttimer, Here see my comments on your trade chart. Hindsight is 20:20 vision... but this is what we do in backtesting i.e. to train our 'third eye' to see in realtime market condition. I notice you use the Fozzy-RSI with slight different period settings. Make sure you write your trading rules according to your Fozzy RSI settings. The basic principles in the use of the TDI are the same. Choose your trading styles using the TDI Scalping, Active and Moderate {image} regards,

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Quoting griffinssoul

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{quote} hey firsttimer - it takes mega loads of practice IMO

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Quoting emmanuel7788

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{quote} The reason why snarlyjack aka SJ cannot post here is because he was made a Commercial Member after some members here complained to FF Admin. They mistaken that he was promoting CompassFX. If you had read all the posts back then, you will know who are the people here who complained. SJ was a pioneer member in Big E trading group back in 2008. He has lots of experience trading alongside Big E. He is a honest person and was always willing to help anyone who start trading with TMS 5-Method....

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Quoting griffinssoul

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{quote} congrats caah ........ were did u have ur initial SLs?

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Quoting Tekkies

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{quote} I s there a way to get SL back Emm? SL has help me a lot to shape the direction of my trading mentality, that is if SL want to come back.

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Quoting catalin_eros

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{quote} We'll follow the blue line when it comes down, if the TDI momentum is on our side. https://www.mql5.com/en/charts/58644...dmiral-markets {image}

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Quoting bulent

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{quote} Ha, İf is posiply share your ind. and template? Thanks Regards. Blent.

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