- Search Energy EXCH
- 2scoops replied Apr 27, 2011
Few trades today — two winning trades EUR/CHF 4HR = 63 pips GBP/CHF 4HR = 78 pips Entered on the red line. Initially had about a 80 SL on both. Then when they both moved into profit I moved the SL up to BE and set a 45 pip trailing SL. On the ...
Trading Made Simple
- 2scoops replied Apr 27, 2011
Monitor the trade on the formation of each 4hr candle, any flattening, hooking over or reversal of TDI then strongly consider exiting however many pips your up or down.
Trading Made Simple
- 2scoops replied Apr 27, 2011
Nobody is right or wrong, we just observed the closeness of those resistance areas that would personally put me off. I hope it works out for you though. I would also add that nobody is saying you can't loose, demo the system for a while if you don't ...
Trading Made Simple
- 2scoops replied Apr 27, 2011
I'm up about 150 pips today at the moment, two trades still going put a 45 pip trailing stop loss on both (both still have great looking PA and TDI). One trade didn't do much got a slight TDI hook over signal just now and exited out for a 3 pip ...
Trading Made Simple
- 2scoops replied Apr 27, 2011
Post the charts maybe someone could help figure out what went wrong. A trade should be placed as soon as possible to the open of the new candle (when TDI cross has occurred and you have confirmed the market isn't in consolidation also watch out for ...
Trading Made Simple
- 2scoops replied Apr 27, 2011
Its hard to be sure from the picture but when you entered the trade it looked a little close to that area of support that had held since the 20th. Price action did look like it was consolidating. I think recognising ranging/consolidating markets is ...
Trading Made Simple
- 2scoops replied Apr 27, 2011
Thanks BigE, I've only been demo trading this for two weeks now, last week I made 450 pips, never made anything like that before in demo. Your work on this new thread (and the old one) is truely above and beyond the call of duty. I wish you and your ...
Trading Made Simple
- 2scoops replied Apr 26, 2011
Two questions from me: 1, Are we still using the Stochastics slope indicator in the new agressive version of the 5 method? I skipped on a trade today which had the correct stoch angle but stochs were just over the 80 line and price action was ...
Trading Made Simple
- 2scoops replied Apr 22, 2011
Thanks BigE for all your help recently. The entry side of things is very clear now for me. The side I need to improve on is my exits and my trade management. Am I right in saying you advise setting your SL a few pips above/below the high or low of ...
Craig Harris Stochastics Method
- 2scoops replied Apr 21, 2011
Out of interest, why did you exit? Good decision as it turned out. I only made one trade today (below) which finished 10 pips ups. It did go up about 60 pips at one stage, so I set a 50 pip TSL and moved my SL up to BE. Then I exited on the reversal ...
Craig Harris Stochastics Method
- 2scoops replied Apr 20, 2011
too close to that low of a couple of days ago and yes quite a tight channel
Craig Harris Stochastics Method
- 2scoops replied Apr 20, 2011
Under the new aggressive style of the 5 method when we get green crossing red when do we enter if we have the kind of scenario in the attached charts. PA is touching the 5 EMA, do we wait until it pushes through, if so by how many pips or would we ...
Craig Harris Stochastics Method
- 2scoops replied Apr 20, 2011
I would also love to hear a few other opinions on what SL to use on the 4HR - a general googling of the subject seemed to suggest anywhere between 60 -100 pip SL on the 4HR charts. I might go with 80. Also what risk per trade, I'm thinking about ...
Craig Harris Stochastics Method
- 2scoops replied Apr 19, 2011
I noticed that on the first possible loss (of the two) the candles were very weak.
Craig Harris Stochastics Method
- 2scoops replied Apr 19, 2011
I'm in this trade at the moment, seems to be going well. Red line signifies entry point. I've started targeting the 4HR charts as they take less chart watching and I can manage the trade at work without it distracting me too much. Not sure about ...
Craig Harris Stochastics Method
- 2scoops replied Apr 14, 2011
Same here really, do you think you might have traded the one circled. One bad trade out of 15 I would settle for any day. Thanks.
Craig Harris Stochastics Method
- 2scoops replied Apr 14, 2011
Big E, What do you think about the two "head fakes" in your training chart you just posted. The first one I would say was after a long period of consolidation. But the second, anything that would have kept us out of that trade? Thanks - 2scoops.
Craig Harris Stochastics Method
- 2scoops replied Apr 13, 2011
wow I've been away for 6 weeks from this thread and the trading has got aggressive in here. I'll have to give this more aggressive style a go on the higher time frames. So it seems the rules are even more simple now. Has anyone prepared a definitive ...
Craig Harris Stochastics Method