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Phx62 replied Jul 18, 2013Two trades today.....both during Asian session....slept through London today, so no trades during London. image image
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Phx62 replied Jul 17, 2013Three trades today....one on GU H1 during the Asian session (when big news is pending, the pair seems to move a lot before the news releases) and two on EJ H1. GU was a classic TDI entry after bouncing off last months low.....entered on a pullback ...
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Phx62 replied Jul 16, 2013One trade today on EJ H1 on a break back below last weeks high and TDI green crossing red and below yellow......entry about 40 minutes following LO confirmed by a pullback candle on the M15 chart. Take note of how many times price has tried and ...
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Phx62 replied Jul 15, 2013The TMS entry would have been the open of the marked candle, which was the second red candle, and your 50 pip TP would have been hit.....at the open of that candle, the green TDI line had crossed over the red and was below the 50 line....a classic ...
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Phx62 replied Jul 15, 2013frentic, When I open my charts, one of the first things I look at is Yesterday's Range (how many pips did price move yesterday on each pair), the 5 day ADR and the overall 30 day ADR.....then I open the news calendar and determine what scheduled ...
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Phx62 replied Jul 15, 2013I entered a long trade at LO after price had broken above the high of the previous 3 candles.....I monitored it until it was I profit 21 pips and went back to bed since I had a business meeting to attend this morning....price pulled back and stopped ...
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Phx62 replied Jul 12, 2013haff, 1. 1st Trade of the Week: Time of day is very important when making decisions like the one you asked about. When price broke the high of the previous day, I entered with some caution because we were close to the LO and anything can happen at ...
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Phx62 replied Jul 12, 2013You are correct. The LO candle was an indecision candle...no direction....the next inside candle and the next one after that, also indecision candles. The 4th candle moved down and broke the low of the first three candles. I entered on a classic TMS ...
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Phx62 replied Jul 12, 2013Here are my EJ H1 trades for this week.....most of the trades were based on pullback formations....used a triple top for one and couple of small continuation trades. Overall, a really good week. image
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Phx62 replied Jul 9, 2013I do not trade the news announcements themselves....in fact, if I am in a trade before high impact news, I will lock in profit or exit the trade to avoid being stopped out....when the market gives me an entry 10 to 30 minutes following the news ...
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Phx62 replied Jul 9, 2013One trade today GU H1......traded this pair based on scheduled GBP news announcements following London Open.....waited for price to break below the LO candle (which set the high of the session).....TDI cross confirmed.......moved TP once.....TP ...
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Phx62 replied Jul 8, 2013EJ H1 Friday...one continuation trade @ LO......did not trade NFP announcement. Today.....three trades.....First taken long after gap down at the market open for the week....did not hit 50 pip TP.....exited manually. Second trade taken following ...
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Phx62 replied Jul 4, 2013I just draw the last month high and low and the last week high and low. I then open the daily chart and draw lines on all the "sore thumb" spots for the past 8 to 10 months that may be touched by this weeks price action......sore thumbs are areas ...
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Phx62 replied Jul 3, 2013Wise words of wisdom, my friend....very wise indeed. The four levels are very real and once achieved, lead to the level of success that every trader is attempting to reach.....this diagram should be printed and posted on every struggling traders ...
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Phx62 replied Jul 3, 2013Two more trades today.....overtrading? Probably but price action was talking to me, so I took the trades. Both trades taken on price action without TDI confirmation. image
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Phx62 replied Jul 3, 2013I draw the monthly and weekly high/low by hand.....there are a couple of H4 and daily indicators posted.....look in the paperclip at the top of the thread......
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Phx62 replied Jul 3, 2013I do not use that indicator to enter or not enter any trades. It is simply an indicator based on moving averages and the dots change colors based on crossovers of the MA's. I only look at it to get an overall picture of what each time frame is doing ...
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