DislikedShorted at 1.3150 took 60% off 1.3096 and target is 1.3055.
Thanks em for indicator will hopefully hit ATR low for today
Stops @ BE
Happy Trading guysIgnored
Done for day back to bed I think gud luck all
Super Simple System for Scalping 178 replies
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
Super Simple System 314 replies
Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies
DislikedShorted at 1.3150 took 60% off 1.3096 and target is 1.3055.
Thanks em for indicator will hopefully hit ATR low for today
Stops @ BE
Happy Trading guysIgnored
DislikedI want to ask, what was wrong with this trade, that I wouldn't do this again.
The pullback candle bounced from EMA200, I see divergence too, bounce of blue bands, it looked like a good opportunity yo buy. Is it because of higher highs and lower lows forming?Ignored
Dislikedhi thrax,
see attached chart.
thought this will show better instead of writing a description on this.
this H4 trade taken in week 11 with a good setup after pricd bouced off the 1.3000 region and is now being managed and with add-in poeition as it progress.
whether to scale-in or to scale-out is a traders choice according to his/her financial objectives in the system traded. This has to be considered before a trade is taken and not necessarily that every profitable position can follow with scale-in of addition positions.
regards,...Ignored
DislikedI want to ask, what was wrong with this trade, that I wouldn't do this again.
The pullback candle bounced from EMA200, I see divergence too, bounce of blue bands, it looked like a good opportunity yo buy. Is it because of higher highs and lower lows forming?Ignored
DislikedI want to ask, what was wrong with this trade, that I wouldn't do this again.
The pullback candle bounced from EMA200, I see divergence too, bounce of blue bands, it looked like a good opportunity yo buy. Is it because of higher highs and lower lows forming?Ignored
DislikedI'm making an assumption here as your 4hr candles differ to mine.
Did you buy on an open candle at 200ema? Personally I wouldn't do that. You can only see if divergence is there on a closed candle. You should be trading the reaction to a level and cannot do that on an open candle (unless you have another method based on a shorter TF). If you are trading open candles you cannot back test a system to see if it will work on a repeatable basis. You just don't know if a 200 ma (or any other level) will hold or fail mid candle.
My better half was selling...Ignored
DislikedI think this was a good entry. I entered that trade too and I am still in. I think giving a suffucient room for the price to breathe is very important. I will stay in this trade and will let you know how it develops.
thraxIgnored
DislikedI want to ask, what was wrong with this trade, that I wouldn't do this again.
The pullback candle bounced from EMA200, I see divergence too, bounce of blue bands, it looked like a good opportunity yo buy. Is it because of higher highs and lower lows forming?Ignored
DislikedI hit my SL. I set my SL to the 1.5800 area, so it was according to my rules. I risk 1% at each trade, so I set my volume accordinly.
thraxIgnored
Disliked2. We will look at TDI for a break in the blue bands...
10. When TDI below market base line and we in a downtrend
then look for shorts.Ignored
Disliked8. When PA bounces off the daily channel then the trend changes
direction and will most probably cross the 60EMA, here we
watch out for further resistance or support at the 200EMA.Ignored
DislikedAren't these 2 rules mutually exclusives? How can you be aiming for shorts with a TDI below MBL, while looking for a break in the top blue bands? What am I missing here?
...
Let's say we have a bounce off the top of the channel, 60 EMA will be signalling that we are in an uptrend (most likely); so following the rules, you wouldn't be shorting the bounce, since PA is trending above the 60EMA, we would be looking for longs... correct?Ignored
DislikedI trade on demo account. I think having a low level of risk is key. I do not hurry so I do not have to take high risk and so threatening my account even if it is still a demo account.
If I will change to live account (only if I will be profitable for at least 6 consecutive months) I will take no higher risk because to be able to trade tomorrow I want to preserve my capital.
But this just my personal approach.
Take care, thraxIgnored
DislikedI'm new as well, but here's how I interpret these.
First: Yes, they are mutually exclusive. These are guidelines to use the system in different scenarios. ALL of the rules do not have to be met at the same time. The more of them that are met at the same time leads to better probabilities of success. The aiming for shorts with TDI below MBL is an extension of the original TMS method. It helps you avoid "fake out" TDI crosses when trading the crosses between the blue bands.
Second: No, you would short the bounce (with enough other confirming...Ignored
Dislikedanyone have trailing stop EA?? cuz my broker only allow to trail for 15 pips.. i want tight trailing stop such as 5 pips..Ignored