Disliked{quote} Green didnt cross Red line on H1, I took short too but short lived, so moved it to break-even as there was no cross of TDI and a late entry , was +35 pips as it was going down {image}Ignored
..... have a cool weekend all
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Disliked{quote} Green didnt cross Red line on H1, I took short too but short lived, so moved it to break-even as there was no cross of TDI and a late entry , was +35 pips as it was going down {image}Ignored
Disliked{quote} I treat pivots as S/R irregardless of TF.That's the simple answer. TDI is a confirmation of price action.I trade 15-30 charts and often take counter trades.My style is not ideal if you have less then 3yrs of experience in trading.Counter trading is risky but I am proficient in it. Look to trade with H4 candle direction its whole lot safer.Pivots are road signs that's all.Ignored
DislikedMy contribution to the Newbie thread today. http://www.edutopia.org/blog/focus-p...-nathan-barberIgnored
Disliked{quote} I have learned through hard experience to follow the process, and put the P&L away. ( I still look sometimes)Ignored
Disliked{quote} jgadefelth I have taken the highest RR that broker has to offer 1:888 LW and Lookleft gave valuable guidelines in MrAussie forum because I was way of base Started to trade with 0.01 Due to their advice and adhere strictly to TMS rules I was able to increase lot size Currently lot size is 0.10 and Margin level is 5545% No stop loss - using a EA to close any trade that exceed the total amount I am willing to lose Trading with such a high R:R has forced me to read price action very carefully and to wait for the right setup. Had the mentality...Ignored
Disliked{quote} Thanks TSS. Just wondering what was your rationale for going short?Ignored
Disliked{quote} Hi maybe i missunderstand you but i think you talking about magins, but i talk about risk to reward risking 30 pips to gain 60 pips is for example RR 1:2 Best regardsIgnored
Disliked{quote} No jgadefelth R:R 1:888 margins is only to show how dangerous high R:R is if account is smallIgnored
Disliked{quote} Hi Davit With reference to trading in the 4 hr candle direction do you use the color of the current candle to determine direction , or the current 4 hr TDI signal or the general trend of the 4 hour candles. The reason I ask is quite often they disagree amongst themselves and I am left struggling to determine which of the three is the more valid. I guess ideally maybe only take trades where all three are aligned. Your thoughts? Lest I forget many thanks for all of your insights and sharing!!! KeithIgnored
Disliked{quote} Good morning K I trade 15-30min charts.To me Price can drop 50-70pips even if previous H4 is opposite.This happens a lot on news releases. This is what lot of traders miss in terms of H4 D candles.Importance of H4 D candles are only relevant to me where current price is.
Location.Remember 70% forex is in a range and price goes to swing bottom to swing top.If previous H4 pushed price to swing top I will NOT buy irregardless previous H4 being green bull candles. Lot of traders say things like "I will not trade against H4" that's a weak statement... because depends where price is.
Trends start changing from lower TF's something to keep in mind.
Here is a chart on UC
notice 61R/S importanceIgnored
Disliked{quote} EG H4 - all out - was look'n 4 the second touch on D1 supp but it looks like EU & GU correlating which means EG sideways .... was shoot'n for 300pips but wat i got was good enough 2 close off the W1 {image}Ignored
DislikedIn my humble almost 11 years of trading experience, it is amazing how vile and vicious this forum has become. Don't take anything anybody says on this or any other forums as absolute Gospel. I wish posters used IMHO or IMHE more in their posts. I admit there is information overload here for newbies. You got a variety of experienced traders here sharing their valuable insights. I don't care if they trade demo or mini lots, just take any useful insight from what the are trying to share here. Try BigE's (RIP) way of trading or lastingwell's MTF TDI...Ignored
Disliked{quote} Seems that most people use a risk reward of 1:1 here likica seems to use a risk reward of 1:1 first then change it along the way to better rewards. Is it possibel to trade TMS with risk reward 1:2? Best regardsIgnored
Disliked{quote} Haha Good One. First of all, Gratz LW for starting a new TMS Newbies. Sorry to say I'm no longer actively in FF anymore. I still trade with TDI on my naked chart. It still my all time favourite . Now back to the Thread. Firstly, LW, what is your intention of this new thread? your goal? Helping out newbies? or Other? If you have no time to manage, respond or reply, I suggest you better wind it up. Why? Reason is you are not putting yourself in the newbies shoe. You may have many helpers but each and individually has their own style...Ignored
DislikedBabyboy, this thread is not BabyPips. It isn't about teaching the basics of forex trading--there are countless threads for that. Newbies can find the definitions of HH, LL, HL, etc., in a hundred different places on FF. The thread is about helping them learn to trade TMS.Ignored