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- KumoDragon replied May 13, 2011
The signal is good and you are on candle 1. But, you should have also looked left and saw that cluster of candles that were peaking right around your entry and rejecting that price. That doesn't mean you definatly wouldn't take it, just that you ...
Trading Made Simple
- KumoDragon replied May 13, 2011
GU +38 locked — Finally. Man that resistance just did not want to give it up. I've been in this trade since thursday. Endured a -71 pip drawdown, and now I'm finally in profit with +38 It was a bounce trade off a second candle. Please note ...
Trading Made Simple
- KumoDragon replied May 13, 2011
If he does it, that makes it part of his strategy, doesn't matter if he's sleeping or not. IMO, putting a SL one or two candles behind can often just be asking to get stopped out, considering 1 or 2 candles behind can sometimes be very few pips.
Trading Made Simple
- KumoDragon replied May 12, 2011
No red pens?!!! Dang now I know whats responsible for my losing trades! lol
Trading Made Simple
- KumoDragon replied May 12, 2011
I thought he said the last swing high/low before entry?
Trading Made Simple
- KumoDragon replied May 12, 2011
Yep, im in the US. I don't trade the GJ anywho though. Just EU and GU. That way when I bet a dollar a pip, it's a dollar I don't have to caluclate what it comes out to. I don't use TP, I lock in pips as they go and try to keep trades going as long ...
Trading Made Simple
- KumoDragon replied May 12, 2011
I tottally disagree. A 25 pip SL will get you stopped out of a whole lot of good trades. I'll even go so far as to say a 50 pip SL is too small for 1H trades. Myself I use a 100pip SL for 4H 1H trades. This gives me room let the TDI tell me to get ...
Trading Made Simple
- KumoDragon replied May 12, 2011
A 90 second delay doesn't mean they are cheating you, as long as the price is about the same in the end. Different brokers have different feeds. I'm pretty sure I could open up multiple demo accounts and see something similar between all of them. ...
Trading Made Simple
- KumoDragon replied May 12, 2011
If you have real proof of something or a repeated bad exepereince that wasn't corrected, defame away. Traders need to know about the borkers that play games.
Trading Made Simple
- KumoDragon replied May 12, 2011
Yep, that's exactly why I try to be out before friday close.
Trading Made Simple
- KumoDragon replied May 11, 2011
I've only been trading this method about 2 weeks. Mainly EU and GU. Averaging about 1 4H cross trade a day. I play within the 4H cross, if it keeps going. Today on the EU I was in and out of 3 trades during the short move, what with locking in pips. ...
Trading Made Simple
- KumoDragon replied May 11, 2011
Gratz, gotta love those good quick trades that have rocket skates on em.
Trading Made Simple
- KumoDragon replied May 11, 2011
I as per the rules watch the TDI. But, I watch round numbers, (00 &50) levels, and retracements and S&R to the left. To watch those I have a plain chart up with nothing on it but round numbers. So, in a good short move as in to day. I'll lock in ...
Trading Made Simple
- KumoDragon commented May 11, 2011
I did not say they were the, "same," but they are both gambling. Different games if you will. Different games have different odds and different ways to play. LOL, just go on thinking you aren't gambling and that you will be successful in forex when ...
Is Forex Trading Gambling?
- KumoDragon replied May 11, 2011
It's hard to judge just from past charts, but it looks to me that on most of those you entered on a weak candle......wick on both sides and relatively small. Strong for a short would be no wick on top, relatively large and the wick pointing down ...
Trading Made Simple
- KumoDragon replied May 11, 2011
As per the rules, you don't worry about the TDI angle until the opening of the next day. (Of course there is nothing wrong with locking in profit along the way, don't even let a winner turn into a loser if you can help it) So, it's either SL, TP or ...
Trading Made Simple
- KumoDragon replied May 11, 2011
Let me see -91 pips. But, I let it go to far and didn't listen to the TDI. I actually didn't get stopped out though I got margin called. As I was at the time trading 1cent lots on a $6 dollar account. Then I put on another trade and it was too much ...
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- KumoDragon replied May 11, 2011
Third and last EU trade of the day. Will I be stopped out at +75 OR will I get, "big bucks no whammy," and watch price fall below last latest resistance??? One can only hope! P.S. pay no attention to the indi on the bottom, it's something I like ...
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- KumoDragon replied May 11, 2011
Ya, but your entry will be no where near news most of the time. H4 and under trades based on indicators and TA fall victim to major news quite easily. D1 and up not so much. My D1 candles start at 7 at night. Most of the high impact news (USD) is at ...
Trading Made Simple