DislikedGBPUSD H1 78849571 2016.10.24 10:49:32 buy 1.00 gbpusdmicro 1.22369 1.22381 0.00000 2016.10.24 11:15:47 1.22382 0.00 0.00 0.00 1.80 Trailer stop was to tight. Only a small profit made {image}Ignored
- #72,542
- Oct 24, 2016 2:00am Oct 24, 2016 2:00am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} With the way this pair is behaving off late, its better to exit faster with even a dollar than stay in the painful bleeding trade.
EURUSD GBPUSD EURJPY AUDUSD USDCHF USDJPY GBPJPY USDCAD
EURUSD is showing promise.
Both indies are in overbought.
a Major support is an problem at 0.1091.
Green is trying to pull red up and by the looks of it, is winning
On the lower timeframes all trending up
Have put a buy in H4 against trend direction in D1. D1 stoch is in overbought, green is bending up. It has been hovering in a very small drawdown.
- #72,545
- Oct 24, 2016 2:26am Oct 24, 2016 2:26am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #72,546
- Oct 24, 2016 2:29am Oct 24, 2016 2:29am
{quote} H1. Green flat. Red below 2. Stoch overbought H4. Small bars. Red / Green strong angle up D1. Stoch is curling down. Green flat. I say watch it and move to breakeven as soon as possible the up trend is going to be very small
.Thank you for the advice!
- #72,547
- Oct 24, 2016 2:40am Oct 24, 2016 2:40am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
{quote} How much more simpler does it need to become? Post#261 <quote> The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. HA Candles are important because it makes your trading way less stressful... use them. Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look...
the cautious seldom err....C
- #72,548
- Oct 24, 2016 2:46am Oct 24, 2016 2:46am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
- #72,549
- Edited 4:28am Oct 24, 2016 3:02am | Edited 4:28am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} Hi Tekkies, hope you are not looking for much as your chart show limited upside. The swing down is far deeper than the upswing..GL
EURUSD has got me on the edge of me chair. Got two order's in and is standing stil in a small down move
- #72,550
- Oct 24, 2016 3:06am Oct 24, 2016 3:06am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
- #72,552
- Oct 24, 2016 3:53am Oct 24, 2016 3:53am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #72,553
- Oct 24, 2016 4:12am Oct 24, 2016 4:12am
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} Thanks heaps Emm. D1 charts will be easier since I'm working and can't wake up to monitor the 4 hours charts anyways. Per my screenshot, below is my analysis. 1. There's a a hook on the TDI. 2. Support & Resistance (purple dotted line). 3. Price are in consolidation. 4. Price is close to the previous high. Based on the above, Big E rules says no go? Correct me if I am wrong. {image}
Hi,
When you trade the D1 chart, you should be looking at your chart when your broker print a new D1 candle. I thinlk your is Sydney open when a new D1 candle open. Your trade entry should be done this morning Sydney open time.
If you look at your D1 chart now, today' candle already active for 14 hours and the TDI Green is following your TDI setting which I see is set to RSI period 13, Close price.
Change your TDI setting to 10,5,34,3,1,7 and you should see a different angle now.
My chart below:
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #72,554
- Oct 24, 2016 4:50am Oct 24, 2016 4:50am
- Joined Nov 2008 | Status: Trader | 50,203 Posts
AUDUSD Oct 24
If you trade the D1 chart, now is an opportunity to open a sell trade on H1.
Your initial SL is still above the high of last Thursday High. Use %risk and do your trade Position Size.
If you had open your trade at Sydney open hour, you would have sat through today' retracemenet,... so far.
If you trade the D1 chart, now is an opportunity to open a sell trade on H1.
Your initial SL is still above the high of last Thursday High. Use %risk and do your trade Position Size.
If you had open your trade at Sydney open hour, you would have sat through today' retracemenet,... so far.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #72,555
- Oct 24, 2016 5:00am Oct 24, 2016 5:00am
AUDUSD Oct 24 If you trade the D1 chart, now is an opportunity to open a sell trade on H1. Your initial SL is still above the high of last Thursday High. Use %risk and do your trade Position Size. {image} If you had open your trade at Sydney open hour, you would have sat through today' retracemenet,... so far. {image}
- #72,556
- Oct 24, 2016 5:11am Oct 24, 2016 5:11am
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} Hi Emmanuel, I'm in the same movement, looking at D1, opening positions at LTF. Will keep opening small positions with small TP if there is retrace in my favor. Thanks for your analysis{image}
here is another 'trick' which I used often when I trade the hgher TF charts like D1 and W1 setups.
Once I decided on the trade setup on D1, I can open small trades using the TDI cross in lower TF like M5 during the rectracement. We do not know how deep the retracement will be but if we open small trades on M5 TDI crosses, we build up a basket of small trades but always have a maximum % risk in your trade plan.
So long you have your initial Stop Loss set, you will not blow your trade account as long as you know that you do have to cut losses when you know that you are wrong. the market is always right.
Remember always keep the losses small within a maximum 5% DD during one trading cycle of 20-days. You know why I trade 5 currency pairs as basket of trades at the same time. Even I when I cut losses in 2 baskets, the other 3 baskets usually run in good profits to make up. for the losses.
Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} With a fast glance Fbps: angle of green is flat, red up, stoch down --- walk away find other setup 4. Price is close to the previous high. How come? I see it in the middle of a side way range
- #72,558
- Oct 24, 2016 7:09am Oct 24, 2016 7:09am
- Joined Jul 2013 | Status: Trader | 1,045 Posts
AC, long, D1, 120 pips. I exited because PA seems like it wants to either consolidate or retrace. Re-entry is planned, either on retracement on LTF, or on the break of the current high.
Same trade, but different view (on H4), exit was just before it went down, saving some pips that way.
Same trade, but different view (on H4), exit was just before it went down, saving some pips that way.
AUDUSD Oct 24 If you trade the D1 chart, now is an opportunity to open a sell trade on H1. Your initial SL is still above the high of last Thursday High. Use %risk and do your trade Position Size. {image} If you had open your trade at Sydney open hour, you would have sat through today' retracemenet,... so far. {image}
(1) I did a short on H1 when TDI cross.
(2) 3rd candle is with both upper & lower wicks.
(3) 4th candle was a blue bar when candle opens.
I would have exited based on Big E rules (2) & (3). So, I dunno am rather confused 'cos 4th candle is now a long red bar and I am in profit
- #72,560
- Oct 24, 2016 7:36am Oct 24, 2016 7:36am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts