Disliked{quote} Hi OS! I've a question: If we are trading in hourly charts, which S/R areas we reckon as the "major one", Daily, Weekly or Monthly? Regards,Ignored
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Disliked{quote} Hi OS! I've a question: If we are trading in hourly charts, which S/R areas we reckon as the "major one", Daily, Weekly or Monthly? Regards,Ignored
Disliked{quote} Hi OS! I've a question: If we are trading in hourly charts, which S/R areas we reckon as the "major one", Daily, Weekly or Monthly? Regards,Ignored
DislikedTraying to spot Candle patterns I wonder if am I looking an IB on EURUSD ?? Should I wait for a TDI cross for a short entry? {image}Ignored
DislikedHello guys, so, I have been reading the thread, and I think I now know some of the basic stuff about TMS. I have seen a lot of screenshots with trades you guys take. Now, I have a question I want to ask you, this is not about TMS, it's about how you trade. Do you guys plan your week for possible trades ?, I mean, do you check the pairs you usually take trades on during the weekend to analize where the price is, SR areas, etc. And based on that, do you say something like: ok, based on my analisis, this week I am only going to trade long on this pair,...Ignored
Disliked{quote} Hi Brekz1, I believe your question was addressed to Emmanuel but I would like to give my 2 cents here. It was very unclear what you wanted to ask in your chart but what I understood was that you wanted to know how to avoid bad trades and what could help you to filter bad from good/potential trade opportunities. Please find below my charts with the same date (18th May ). EU H1 Chart {image} EU H4 Chart {image} Kindest RegardsIgnored
Disliked{quote} Hi, Top down analysis is important part of the work a trader has to do and to be prepared. Having done your top down analysis, you make your trading plan for the new day and week. Are you a Day Trader, Swing Trader or Position Trader? regards,Ignored
Disliked{quote} Birdnest, Emmanuel is right. Whilst many traders find it useful to work in terms of pips, pip numbers give no indication of actual monetary earnings. See two examples below: 1. H4 chart: SL is 100 pips. TP is 400 pips. R:R = 1:4. Order size is 1 standard lot (1 pip = Approx. $10) -> TP hit = (400 pips x $10) = $4000 2. H1 chart: SL is 25 pips. TP is 100 pips. R:R = 1:4. Order size is 10 standard lots (1 pip = Approx. $100) -> TP hit = (100 pips x $100) = $10,000 You can see that even with a smaller TP, its still possible to create generate...Ignored
Disliked{quote} Hi Ballistical/Emman, Thanks for the explanation. I see the MM strategy/skill here. Risk to Reward is a truly an important aspect whilst trading to a profitable journey.Ignored
DislikedQuick chart: 1H Chart during Asian Session at the Sunday Open. Cross happens on second blue HA candle. Few remarks: Sunday open session - Bad time to trade ? Divergence on 1H TDI ? Should we look for short only here untill the 4H closed above the 100% ? best of luck this week all, {image}Ignored
Disliked2015 Week 24 - Trade Summary: 4 trades in total: - 0 Wins - 0 BE - 4 Losses After a few weeks of poor performance, things went from bad to worse last week. I suffered my worst week of trading this method, with four consecutive losses sending my account deeper into drawdown. This was partly down to me veering from my plan, and partly down to some unusual movement seen in this pair over the past few days. A few people have mentioned the holiday weeks with reduced liquidity and choppiness. I'll need to look at my trade plan carefully as my performance...Ignored
Disliked{quote} is GBPAUD trending or sideways ranging? follow the Weekly candle if you are 4H swing trading.Ignored