I started as a newbie over 8 years ago. I've only been focusing the higher time frame trades and long trades for just over a year.

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On an ABCD trade that I expect to move a lot of pips, my EA brings the SL to BE at 26 pips profit on each entry and then trails price by 100 pips once I am 100 pips or more in profit. The SL is just an emergency SL. I may exit at any time based on ...

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Pullback Candle Reversal Formation....it is explained in one of the Phx62 pdf's that some kind soul compiled of my past trades. You can find it in the paperclip at the top of the thread....it is either study 3 or study 4. The indicator is a custom ...

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GJ trades that I have been in for 3 days, adding positions as it developed. A near perfect ABCD setup (see the H4 chart). All entries and monitoring was done on the H1 time frame (see H1 chart). Initial entry on a Pullback Candle Reversal Formation ...

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I mostly trade the London session so I have lots of practice there. The trend was up all week and when the second London candle broke above the previous two candles, I took a chance and went long. The TDI had not crossed but I expected it to cross ...

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This weeks trades on EA H1. The first three were posted earlier. Pretty easy trades and a couple of them gave up more pips that I missed but overall, a good week. image

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Nice trading lastingwell......thanks for the kind words.....

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Three trades so far this week on EA H1.....two successful and one BE. image

Trading Made Simple

I do not use the TDI to exit trades, only to determine possible entries. I look for a closed candle in the opposite direction to determine when to exit. There was a closed blue candle at LO on 9-4 following the usual Tokyo session consolidation. I ...

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A nice, easy, 4 day H4 trade that hit TP over the weekend. A lot less stress and monitoring. Trade was taken on the H1 time frame at LO following a PCRF and then moved to the H4 time frame after a strong move down. image

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There was on TDI long entry on trade 1 or trade 2. On trade 3, there was no momentum in the market. See chart comments. image

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I have received several PM's over the past couple of months asking me if I am still trading this system and asking me to post some charts. While I do not intend to become active in this thread again, I thought I would post a couple of charts showing ...

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TheScorpS, Assuming that the green box is your London session box, the low of the session was set by the red candle that you entered on....and then price moved 5 candles away from that low. Typically, the London session will set a HIGH or a LOW and ...

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There are several ways to judge volatility in the market: a. Look at the size of the last two or three candles....the smaller they are, the less momentum or volatility in the market and if there are wicks on both ends of most of the recent candles, ...

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Leonora, At first glance it looks like a PCRF but if you look at the pdf posted earlier, one of the requirements is that "The wick of a pullback candle must be at least 1/2 of the total size of that candle......" Based on that, this formation would ...

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Lastingwell is correct. I abandoned the trailing stops. I only use the CaveManager to set my initial TP & SL when I open any trade and I use the BE tool to bring my SL to BE when price reaches a given point during the trade, depending on how the ...

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I see that Erol has taken care of that question for me.....Thank you very much Erol.

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I understand your question and what you say is true if you are using a version of the TDI that moves real time. The TDI I have on my charts only moves at the close/open of each candle so when the red candle (where your arrow points) opened, the TDI ...

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No....your question did not piss me off. The capital letters were just to make that point that there was as TDI cross before I took each trade. I'm sorry that my answers were too strong. If you have other questions, I will be glad to answer them, if ...

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Price action is mostly about market corrections and waves. Even if the higher time frames show that the bias is long, for example, there can still be waves that move short. When one is just trying to pick up 20, 30 or 50 pips and there is some ...

Trading Made Simple