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Phx62 replied Aug 20, 2013Yes....the entry was aggressive but it was based on price action. There was a strong pullback on the red LO candle and then another strong pullback blue candle. Price had already moved over 60 pips away from the low. I considered that "strong ...
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Phx62 replied Aug 20, 2013I use the body of the APB candle which, in this case did not close red.
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Phx62 replied Aug 20, 2013See my answer just below your last post.....there was no short entry....no closed red candle and no break below the entry candle or the pullback candle.
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Phx62 replied Aug 20, 2013When there is high volume in the marketplace, that is the time to be conservative because price will usually move 3 to 8 candles in one direction during the London session. In this case, price had already move up over 80 pips from the London Open. ...
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Phx62 replied Aug 20, 2013Two trades today on EJ H1.... 1st trade.....taken during the Asian session following a pullback candle reversal pattern....entered on a break below the pullback candle with the TDI green below the MBL and crossed over the 50 and ready to cross the ...
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Phx62 replied Aug 20, 2013A more conservative entry would be to wait until price broke below the pullback candle or wait for a red candle to close before entering......
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Phx62 replied Aug 19, 2013Just finished a second EJ H1 trade for the day.....entry on a reversal candle pattern and a cross of the TDI...green coming out of overbought....only went for 40 pips because the red and green were both still above the yellow MBL and the London ...
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Phx62 replied Aug 19, 2013It was a TDI based trade along with a break of the high of the previous 8 candles.....you say there was no clear trend....trend is determined by higher highs and higher lows (or lower highs and lower lows)....in this case, the entry candle itself ...
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Phx62 replied Aug 19, 2013One trade today....EJ H1.....taken on a TDI bounce of the green off red and yellow and a break above the previous session high. Did not reach 100 pip TP....closed on a sharp pullback of price and TDI green in the overbought area. image
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Phx62 replied Aug 18, 2013All of them......the larger the candles, the more volume in the market...... My entry on your chart would be the open of the third blue candle (candle 2 does not really count since it is a small doji candle) with the TDI confirming the ...
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Phx62 replied Aug 18, 2013It goes in the Experts folder and then restart your platform......
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Phx62 replied Aug 17, 2013THV CaveManager Find the instruction file here..... url Here is the EA here....... url
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Phx62 replied Aug 16, 2013London Open is a unique time to trade.....that is the only time I would trade on a candle like that......I have spent lots of hours studying how price moves around the London Open and occasionally will enter based on what I have learned.....in this ...
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Phx62 replied Aug 16, 2013Look at my chart again....I was stopped out on the one long trade.....
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Phx62 replied Aug 16, 2013LO refers to the opening of the London session.....LO = London Open..... The TDI is very dependable on the H1 and H4 time frames....when the green crosses at a sharp angle, price will usually follow suit.....if you want to be confident of that, pull ...
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Phx62 replied Aug 16, 2013I entered the trade based on the pullback bar formation on the H1 chart.....the setup candle pulled back a long ways and when the entry candle opened, the TDI crossed over and I entered shortly after the open of that candle......If you go back and ...
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Phx62 replied Aug 15, 2013I am in Arizona which does not observe daylight savings time.....therefore during the summer, I am on the same time as you. I try to trade the first 3 hours of London...if there is no setup, I will go back to bed and get up at the top of every hour ...
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Phx62 replied Aug 15, 2013No....the blue setup candle was a pullback candle from the news release....if you will notice, the long wick is only on the top....the one on the bottom is very small. My entry should have been just below the solid white line when price pulled back ...
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Phx62 replied Aug 15, 2013Three trades today on EJ H1.... 1st trade...BE trade....could have closed it for a few pips but I was having dinner with my family and the EA closed it at BE. 2nd trade...nice TMS trade....setup candle before LO....took trade at LO with TDI cross of ...
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