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Trading Made Simple

  • #79,301
  • Apr 27, 2017 1:49am Apr 27, 2017 1:49am
Quoting Deichkind
{quote} I'm also in AUDUSD at the new Daily-Candle, HA close under PAC, TDI green under 50/red/yellow, PAC points down, weekly/monthly under MA 10. when I look on line chart the weekly/monthly line has been broken, so I entered the trade. Also on COT there would be fewer Long position since last week. Otherwise I see no other setups on D1. regards {image} {image}
seems strong support there and on NU, like to see a break and pull back in case of fake out
  • #79,302
  • Apr 27, 2017 2:31am Apr 27, 2017 2:31am
Quoting Seshwaan
I think I am going to change my exit strategy, I seem to leave my trades open too long hoping it will continue to then lose sometimes 10-20 pips on a retracement. If I see something hit 15-20 pips profit I am going to just clsoe the trade and look for a new one. 3 of my trades yesterday were +10 or more pips and I left them and they either dropped down to 1 or 2 pips or even went into the negative. Anyone got any other suggestions of what they do to lock in profits? I was thinking about moving SL to BE but most of that time that would be within...
Hey Seshwaan - what was your risk like to see the move of 15-20 pips....that's all (well this and a gazillion other things) that is important......you dont want to risk lots to (maybe) make a little....
  • #79,303
  • Apr 27, 2017 2:53am Apr 27, 2017 2:53am
Hi Deichkind,

Quoting Deichkind
I'm also in AUDUSD at the new Daily-Candle
I was also considering this trade and did not take it in the end as I did not like the TDI cross. I had it exactly like in your image which seemed a bit weak to me. Mazibee's cross is on the other hand is perfect, it must be difference in brokers prices.

Anyway, good luck to you and MB with this trade! .
  • #79,304
  • Apr 27, 2017 3:17am Apr 27, 2017 3:17am
Quoting Seshwaan
}
You also have to take into factor which pair you're trading, some give up more pips than others.
  • #79,305
  • Apr 27, 2017 3:53am Apr 27, 2017 3:53am
Quoting michael_k
Hi Deichkind, {quote} I was also considering this trade and did not take it in the end as I did not like the TDI cross. I had it exactly like in your image which seemed a bit weak to me. Mazibee's cross is on the other hand is perfect, it must be difference in brokers prices. Anyway, good luck to you and MB with this trade! .
yes, I've taken the screenshot 7 hours after the entry, I think the TDI maybe has repaintet for the current candle , now it looks something better

Attached Image (click to enlarge)
Click to Enlarge Name: A.JPG Size: 116 KB
  • #79,306
  • Apr 27, 2017 4:00am Apr 27, 2017 4:00am
Quoting Deichkind
{quote} yes, I've taken the screenshot 7 hours after the entry, I think the TDI maybe has repaintet for the current candle , now it looks something better {image}

the TDI Green will look even better when this current bar makes a lower low compared to the last bar.
just watch out it does not pull back and the TDI Green will also follow the pullback.

better watch the price action of the price and the HA candle.

AUDUSD is in sell zone anyway.... there is no previous 2 months low seen to the left.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,307
  • Apr 27, 2017 4:00am Apr 27, 2017 4:00am
Quoting neil001
{quote} Hey Seshwaan - what was your risk like to see the move of 15-20 pips....that's all (well this and a gazillion other things) that is important......you dont want to risk lots to (maybe) make a little....

Hi Neil,

Admittedly that is something I need to work on. Currently I am just using the previous candle high/low after entry on the H4 but alot of the time when I see the 20+ pip moves in my favour it is during the same candle I entered on which makes me hesitant to move the stop loss down to somewhere inside that candle itself which is what i'd need to lower my risk to something reasonable.

Do you have any suggestions for me on setting SL's? Or maybe would it be better for me to use the H1 chart to set the SL for my H4 trades?

Apologies in advance if some of these questions are insanely stupid but I've only really been learning forex for a month
  • #79,308
  • Apr 27, 2017 4:08am Apr 27, 2017 4:08am
Quoting yesmanppa
{quote} Yeahhh. GN and NU is good. When should we close it?

I keep chasing buy GN and sell NU today.
will close both before London close today.

Tomorrow is early start to a super long weekend for me.... rest and relax, then start planning for a new month of May trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,309
  • Apr 27, 2017 4:11am Apr 27, 2017 4:11am
USDCAD anyone buying intraday H1?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,310
  • Apr 27, 2017 5:01am Apr 27, 2017 5:01am
Quoting emmanuel7788
USDCAD anyone buying intraday H1?
Maybe later on for now is very i don't know wide opend lines on TDI... on next bounce i will
  • #79,311
  • Edited 10:31am Apr 27, 2017 9:37am | Edited 10:31am
Heiken Ashi APB indicator updates...

  1. Remove "ShowMA" (the single moving average... e.g. for 5MA or 200MA etc.)
  2. Remove TMMA & Normal GMMA option from HA_APB indicator
  3. Created two TMMA indicator as separate indicator, namely... TMMA_Short & TMMA_Long --- doing so, it is now able to provide an accurate calculation of short term trend averages with the current (open) HA candle.

You may now download and ask technical question(s) to these new & updated indicators on this development thread here at FF.

Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #79,312
  • Apr 27, 2017 10:36am Apr 27, 2017 10:36am
Had 5 trades on overnight, 2 of which were JPY pairs. Major losses on all but one when I checked first thing this morning but decided to just let them run and hit SL as a learning experience seeing as I am only using a demo account.

All but one had hit SL when I got back from work just now, so I sorted all my entry screenshots into Profit/Loss. All but 1 of my losing trades were entered on candle 3 ( I noticed that my only two losing trades the previous day were also entered at candle 3 but clearly did not learn my lesson!)... and the one that wasn't entered on candle 3 was USDJPY which I shouldn't have even left on overnight anyway given the Japanese holiday stuff.

I went from being disheartened that for the first day the majority of my trades resulted in a loss to being extremely happy that I have now identified partly what I was doing wrong and learned 3 main lessons -

1. Never enter on candle 3+
2. When someone posts about there being potential uncertainty ( Japanese holiday) and you read it, DO NOT SECOND GUESS THEM OR YOURSELF AND JUST GET OUT. It was nothing other than pure greed from myself to leave them open.
3. If you see a TDI cross that happened 2 candles ago because you missed it at the time DO NOT JUST BLINDLY GO IN HOPING TO GE SOME PIPS OUT OF PURE GREED. Only take entries that are as close to perfect as possible.



Interested for someone to double check my entry on USDJPY and back me up that it was a pretty dam near perfect setup if you forget about the japan holiday stuff am I right? More than happy to be corrected!
Attached Image (click to enlarge)
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  • #79,313
  • Edited 11:00am Apr 27, 2017 10:42am | Edited 11:00am
EURJPY looking at a bounce on TDI (red arrow)

It's currently sitting on S1 support on a shorter time frames and oversold and I reckon there may be some profit taking into Asia. If it pulls back to the pivot I'm in short. Will not hold over weekend as my brokers SWAPS will increase dramatically due to JPY public holidays.

If it does come down the weekly candle will be a long-legged doji on a gap open, which I find very interesting indeed...
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1000129_EURJPY_2017-04-27_17-38-29.png Size: 30 KB
  • #79,314
  • Apr 27, 2017 11:13am Apr 27, 2017 11:13am
Quoting Socialbased
EURJPY looking at a bounce on TDI (red arrow) It's currently sitting on S1 support on a shorter time frames and oversold and I reckon there may be some profit taking into Asia. If it pulls back to the pivot I'm in short. Will not hold over weekend as my brokers SWAPS will increase dramatically due to JPY public holidays. If it does come down the weekly candle will be a long-legged doji on a gap open, which I find very interesting indeed... {image}
I went short a little earlier on this, was a bit risky as the stoch is at like 30..
  • #79,315
  • Apr 27, 2017 11:25am Apr 27, 2017 11:25am
yeah still a bit low for my liking maybe if it's comes back to around 121.00 or just above I'll enter...

Just bare in mind I'm looking to go in over Asia which I don't think Big E did. Seems he traded solely Europe...

I think his system is awesome; just trying to make it my own ;-)
  • #79,316
  • Apr 27, 2017 11:45am Apr 27, 2017 11:45am
Quoting Seshwaan
Had 5 trades on overnight, 2 of which were JPY pairs. Major losses on all but one when I checked first thing this morning but decided to just let them run and hit SL as a learning experience seeing as I am only using a demo account. All but one had hit SL when I got back from work just now, so I sorted all my entry screenshots into Profit/Loss. All but 1 of my losing trades were entered on candle 3 ( I noticed that my only two losing trades the previous day were also entered at candle 3 but clearly did not learn my lesson!)... and the one that wasn't...
your stop is not correct
the cautious seldom err....C
  • #79,317
  • Apr 27, 2017 11:46am Apr 27, 2017 11:46am
Quoting Seshwaan
Had 5 trades on overnight, 2 of which were JPY pairs. Major losses on all but one when I checked first thing this morning but decided to just let them run and hit SL as a learning experience seeing as I am only using a demo account. All but one had hit SL when I got back from work just now, so I sorted all my entry screenshots into Profit/Loss. All but 1 of my losing trades were entered on candle 3 ( I noticed that my only two losing trades the previous day were also entered at candle 3 but clearly did not learn my lesson!)... and the one that wasn't...
Your trade may be on the first cross but you have taken it while above 68, risky,, I would wait for a ll, lh, did you check the higher TF? still bullish candles with tdi pointing north near 68, may be near resistance but to early to consider for me..
  • #79,318
  • Apr 27, 2017 11:58am Apr 27, 2017 11:58am
I didn't and now i've just spotted its just hit resistance on the daily... stupid one to go in at this stage really..

Thanks for the advice
  • #79,319
  • Apr 27, 2017 1:27pm Apr 27, 2017 1:27pm
Ok, taken a short on EURJPY through Asia based on following chart. Only news item is JPY household spending with is a medium impact item..
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1000129_EURJPY_2017-04-27_20-25-33.png Size: 33 KB
  • #79,320
  • Edited 2:03pm Apr 27, 2017 1:40pm | Edited 2:03pm
Potential bounce trade on USDJPY next candle, what you think? JPY doing well against other pairs too

EDIT- Glad i waited, TDI just started to flatten out
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY short bounce.PNG Size: 47 KB
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