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- FXSurf replied Sep 30, 2011
Quote : "If I am unable to monitor the trade, I have an EA that moves the SL to BE at 20 pips on a 50 pip TP trade". Does anyone have an EA that will close an open trade for you, if the Synergy APB (H/A) Candles changes color at their close?
Trading Made Simple
- FXSurf replied Sep 27, 2011
Turnabout — Entered short the EUR/USD on the London (first red candle) and quickly exited on the first blue to appear two candles later for a small loss. Then went long at that second blue candle that broke through the 5MA for some fast pips ...
Trading Made Simple
- FXSurf replied Sep 26, 2011
Lockdown 1 & 2 — You're 100% right, when you get that first candle lock-down, you are now seeing the second candle forming. Personally, I will enter the first color change lockdown, or the second. So, on that second one, we have a third ...
Trading Made Simple
- FXSurf replied Sep 26, 2011
Entry — Looking at your chart, I'm not seeing a candle color change. When the new candle locks down at the top of the hour a different color, and TDI and Stoch agree, then you should have a legit entry. Then again, anything can happen and a ...
Trading Made Simple
- FXSurf replied Sep 26, 2011
Color Changes — I was watching for an entry on the GBP/USD Hourly too, set up was looking good, but I never got a color change on the H.A. candles on the close so I stayed out. Personally I need to see that candle color change there at the ...
Trading Made Simple
- FXSurf replied Sep 26, 2011
Thanks for that. Backtesting is crucial and I don't do enough of it. Should do simulated trading daily off of history. You're totally correct. What got me was the DEEP stop. Just like the Hourly EU trade that just signaled at 10 (EST) with the stop ...
Trading Made Simple
- FXSurf replied Sep 26, 2011
Wanted — Wanted : Guy to hold shotgun to my head until Stop or Limit has been reached. Was long the E/U this morning and jumped off, only to watch my +80 pip Limit get tagged three hours later. Total gain for me about +10. Read the books. Have ...
Trading Made Simple
- FXSurf replied Sep 22, 2011
Take Profit — Look back at the nearest High or Low, depending on which direction you are trading. Place your Stop right around there. Now take that Stop number and Double it. That's your Take Profit. Now, if you must walk away from the ...
Trading Made Simple
- FXSurf replied Sep 21, 2011
Lots of traders here doing great on 4hr. That's just my personal approach, as is the cross of the 5ma which I do as a precaution to getting burned on what would otherwise be a bounce trade. But yes, I like the tight stops and faster trades. And ...
Trading Made Simple
- FXSurf replied Sep 21, 2011
A typical day — Sure, I'm in the USA so my first alarm goes off at 2am EST. I'm only trading the Hourly charts so want to "be there" for that candle close right at 2am to check for an entry. Today I got it on the EUR/USD and I went short at ...
Trading Made Simple
- FXSurf replied Sep 21, 2011
Daytrading Setup — For any interested, here's my day setup. I recently added the eraser board (far left) so I can keep my TMS trade-plan/entry critera in plain view. I like to have a few screens and a backup in case of technical issues. Also ...
Trading Made Simple
- FXSurf replied Sep 21, 2011
Real Time — Hey Dean, I'll try getting a few during next week's session. I completely understand where you're comming from. I hate it when a guy tells you "if you had just entered here at the top, then you would have made...let's see, a ...
Trading Made Simple
- FXSurf replied Sep 21, 2011
London Trade — Caught the EUR/USD on yet another textbook entry at 2am (EST). Great week for me with this method.
Trading Made Simple
- FXSurf replied Sep 20, 2011
AUD/USD — Here's another one that didn't make it. The AUD/USD looked like a good short entry late this morning on the Hourly. But the thing just plain reversed, no two ways about it. This is where risk-to-reward ratios help.
Trading Made Simple
- FXSurf replied Sep 20, 2011
Time — I assume you're refering to the one blue candle which came a few hours before? If that is the situation...I was asleep. I'm EST and set the first alarm at 2am. Didn't see anything at that time. At 3am, price had clearly closed UP with a ...
Trading Made Simple
- FXSurf replied Sep 20, 2011
Didn't work — I've been posting some of my winners, but here's one that I took that just didn't work out. I got long on the blue candles in the box, got right out on the first red candle. Twenty pip loss. However, the drop that followed I was ...
Trading Made Simple
- FXSurf replied Sep 20, 2011
London Calling — Several nice moves on the Hourly on the London session. Jumped in on this EUR/USD right at 3am (EST) and hit target before next candle! The AUD/USD was similar. +110 very fast pips. Rock and Roll. Thanks Pipiness for posting ...
Trading Made Simple
- FXSurf replied Sep 19, 2011
Alarms — Got the watch set to alarm every hour on the hour, for that very reason.
Trading Made Simple
- FXSurf replied Sep 19, 2011
London/NY — Another decent session. Not much on the London earlier but the Hourly system caught the drop on the GBP/USD nicely this morning. +65 day.
Trading Made Simple
- FXSurf replied Sep 18, 2011
Mental Fitness for Traders — That was beautiful Hawaii5000. Just read a free PDF available on the web called "Mental Fitness for Traders". Very similar content which puts the success of the system squarly on the trader him/herself. Thanks for ...
Trading Made Simple