one trade profit target 95 pips and second 110 pips
we'll see
- Post #25,184
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- Sep 17, 2013 2:35pm Sep 17, 2013 2:35pm
- | Joined Dec 2011 | Status: The Little Guy | 145 Posts
And there is this AUDUSD trade: {image} PS: setups usually occur on H4 or D1 and trades are taken on as low as M15 - TL breaks, hi/low breaks, bounces with divergence ect.
got stopped out on this one. but seeing how the rally created harmonic cypher, i entered on next TMS signal. tho harmonics require a stoploss above 9380, i will stick to TMS rules and put stoploss of 15 pips or so. 2 positions this time, cant monitor so the first one has a tp of 30pips or so. second one has tp of 60pips.
- Post #25,185
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- Sep 17, 2013 2:42pm Sep 17, 2013 2:42pm
- Joined Nov 2012 | Status: Member | 2,337 Posts
I Have Learned to Take Some Losses to Make Profits
- Post #25,186
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- Sep 17, 2013 3:13pm Sep 17, 2013 3:13pm
- | Joined Dec 2011 | Status: The Little Guy | 145 Posts
{quote} Good Cypher pattern on AUD/USD , I took the same trade short but on the H1, lets see how this cypher works out, even tho my concern per TMS rule is that TDI at the moment is flat which indicate an exit situation {image}
i havent mastered that aspect just yet
if there is a close where i want it to be i just take it lol. lower tf means lower risk, so i took it on M30. ill add if i get stopped out and get another signal afterwards, unless 9390 is taken out.
- Post #25,188
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- Sep 17, 2013 3:36pm Sep 17, 2013 3:36pm
{quote} On what E/U timeframe do you base your advice? I don't see any TMS setup anywhere to sell...
- Post #25,191
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- Sep 17, 2013 7:01pm Sep 17, 2013 7:01pm
- Joined Nov 2008 | Status: Member | 42,882 Posts
{quote} USDJPY week 38: .. {image} .. I see a possible down move 35 to 55pips in a narrow H4 channel. {image} Look at LTF H1, you may see a breakout.
That huge gap down came as surprise. No chance to do a sell.
Then price went into consolidation and the bounce off the .... (guess what?).
Price went back up to the upper H4 channel and now again in consolidation.
A MC shows up and a trade potential of 35pips R.
This one a bit more tricky as there is the 10/50/200 in play around this with RNs00,25,50,75.
Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- Post #25,192
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- Sep 17, 2013 7:11pm Sep 17, 2013 7:11pm
- Joined Nov 2008 | Status: Member | 42,882 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- Post #25,196
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- Sep 17, 2013 8:59pm Sep 17, 2013 8:59pm
- Joined Nov 2008 | Status: Member | 42,882 Posts
{quote} NTZ= No Trade Zone ?
yes, you know my language...
FTZ = Free Trade Zone
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- Post #25,197
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- Sep 17, 2013 9:03pm Sep 17, 2013 9:03pm
- Joined Nov 2008 | Status: Member | 42,882 Posts
Potential CT setup on Gold 4H.... {image}
I trade only HTF for XAU ...see my D chart view.
The August rally was 'predictable'.
Price structure changed since completion of CD-leg.
Now watching those 2009 and 2010 rally levels.
Trade XAU like trading stocks, not like trading spot forex.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- Post #25,198
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- Sep 18, 2013 2:32am Sep 18, 2013 2:32am
- Joined Nov 2008 | Status: Member | 42,882 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- Post #25,199
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- Sep 18, 2013 3:46am Sep 18, 2013 3:46am
- Joined Nov 2008 | Status: Member | 42,882 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett