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Attachments: TMS for Newbies Part 2
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TMS for Newbies Part 2

I have not traded this pair until now..there is always the first time I guess, anyway , gone long with a smaller size with smaller stop/target ..let's see
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the cautious seldom err....C
just a small bit left on a slightly bigger size position than usual..at b/e+
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the cautious seldom err....C
gone long after closing GBpaud..I don't trade long and short on the same currency at the same time
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the cautious seldom err....C
I have only 25% left on this trade..worked out well with my first experience with this pair..EDit: closing this trade, probably won't trade this pair again, it's way too slow for my liking
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the cautious seldom err....C
a bit of a rush with this entry as I took it just 5 mins before the candle closed..always advisable to wait for candle to close
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the cautious seldom err....C
Quoting pips29
a bit of a rush with this entry as I took it just 5 mins before the candle closed..always advisable to wait for candle to close {image}
Doing well Pips I've hardly had any time to trade today, my Ecad (which by the way I should have closed at +1 last night when the H4 turned down) had a 35 pip stop loss but with slippage came out at -52! So not good, I am writing a note to pin to my computer it says...STOP IGNORING THE H4 TDI
Success means going from failure to failure without loss of enthusiasm
Quoting lisat
{quote}Doing well Pips I've hardly had any time to trade today, my Ecad (which by the way I should have closed at +1 last night when the H4 turned down) had a 35 pip stop loss but with slippage came out at -52! So not good, I am writing a note to pin to my computer it says...STOP IGNORING THE H4 TDI
It's quite a big slippage and yes we are usually our own failure for not sticking with the rules..I look at the tdi on H4 to decide the direction I would enter, if the tdi is above the 50 line, I will wait for an entry on H1 which I did with gbpchf as long as the tdi is still above the 50 level on H4..just how I trade with the tdi
the cautious seldom err....C
I did the same with the dragon..although the tdi did cross, I see it as a cross without conviction and it was still above the 50 level..I then decide that a long might be a better option and so waited on M30 to show me and I entered when it did..if I end in a loss I am still happy I follow my plan EDit: trade closed with some pips
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the cautious seldom err....C
I actually thought price will fall to test the level on my chart when price rejected the 200 ema, and it did precisely
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the cautious seldom err....C
Quoting pips29
I did the same with the dragon..although the tdi did cross, I see it as a cross without conviction and it was still above the 50 level..I then decide that a long might be a better option and so waited on M30 to show me and I entered when it did..if I end in a loss I am still happy I follow my plan {image}
Exactly, the only time I get annoyed with myself is when I don't follow what I know I should.
Success means going from failure to failure without loss of enthusiasm
first trade of the morning..taking it 5 mins before candle close
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the cautious seldom err....C
The loonie is not tradeable until the following occurs...I need to get a confirmed break of the horizontal R or the TL..price is still in an uptrend with HL but not HH...it's what I call an ascending triangle..you can still make money trading touches and bounces from both horizontal levels and TL..I rather wait, just my thoughts
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the cautious seldom err....C
I am waiting for resistence to be broken and confirmed on this pair...GBPnzd is also looking at nearby resistence
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the cautious seldom err....C
2nd trade of the morning...
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the cautious seldom err....C
Quoting pips29
2nd trade of the morning... {image}
trade closed
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the cautious seldom err....C
Quoting pips29
first trade of the morning..taking it 5 mins before candle close {image}
trade closed
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the cautious seldom err....C
Quoting pips29
{quote} trade closed {image}
Well done Pips Still not able to trade today so far(decorating so can't really watch properly) which is a shame because it looks like there were some good signals.
Success means going from failure to failure without loss of enthusiasm
first trade of the morning
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the cautious seldom err....C
taken some off and stop at b/e+ EDit: just got home and saw I was stopped out..luckily my stop did exactly what it was supposed to do without slippage
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the cautious seldom err....C
as soon as I took the short price retraced upwards..let's see EDit: took a 40 pips loss
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the cautious seldom err....C
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