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TMS for Newbies Part 2

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  • Post #1,041
  • Quote
  • Aug 21, 2019 5:14am Aug 21, 2019 5:14am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
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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Name: CADCHFH4.png
Size: 51 KB
the cautious seldom err....C
 
2
  • Post #1,042
  • Quote
  • Aug 21, 2019 6:26am Aug 21, 2019 6:26am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
just a small bit left on a slightly bigger size position than usual..at b/e+
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Name: GBPAUDH1.png
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the cautious seldom err....C
 
1
  • Post #1,043
  • Quote
  • Aug 21, 2019 9:34am Aug 21, 2019 9:34am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
gone long after closing GBpaud..I don't trade long and short on the same currency at the same time
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Name: GBPCHFH1.png
Size: 44 KB
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Name: GBPAUDH1.png
Size: 49 KB
the cautious seldom err....C
 
 
  • Post #1,044
  • Quote
  • Edited 11:52am Aug 21, 2019 9:37am | Edited 11:52am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
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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Name: CADCHFH4.png
Size: 53 KB
the cautious seldom err....C
 
 
  • Post #1,045
  • Quote
  • Aug 21, 2019 11:32am Aug 21, 2019 11:32am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
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
 
 
  • Post #1,046
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  • Aug 21, 2019 11:58am Aug 21, 2019 11:58am
  •  lisat
  • Joined Jun 2016 | Status: Member | 888 Posts
Quoting pips29
Disliked
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}
Ignored
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
 
 
  • Post #1,047
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  • Aug 21, 2019 12:06pm Aug 21, 2019 12:06pm
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
Quoting lisat
Disliked
{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
Ignored
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
 
1
  • Post #1,048
  • Quote
  • Edited 1:40pm Aug 21, 2019 12:22pm | Edited 1:40pm
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
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
 
 
  • Post #1,049
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  • Aug 21, 2019 12:28pm Aug 21, 2019 12:28pm
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
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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Name: EURCADH4.png
Size: 47 KB
the cautious seldom err....C
 
 
  • Post #1,050
  • Quote
  • Aug 21, 2019 12:40pm Aug 21, 2019 12:40pm
  •  lisat
  • Joined Jun 2016 | Status: Member | 888 Posts
Quoting pips29
Disliked
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}
Ignored
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
 
 
  • Post #1,051
  • Quote
  • Aug 22, 2019 4:58am Aug 22, 2019 4:58am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
first trade of the morning..taking it 5 mins before candle close
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Name: GBPCADH1.png
Size: 53 KB
the cautious seldom err....C
 
 
  • Post #1,052
  • Quote
  • Aug 22, 2019 5:31am Aug 22, 2019 5:31am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
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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Size: 65 KB
the cautious seldom err....C
 
 
  • Post #1,053
  • Quote
  • Aug 22, 2019 5:37am Aug 22, 2019 5:37am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
I am waiting for resistence to be broken and confirmed on this pair...GBPnzd is also looking at nearby resistence
Attached Image (click to enlarge)
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Name: GBPAUDH4.png
Size: 49 KB
the cautious seldom err....C
 
 
  • Post #1,054
  • Quote
  • Aug 22, 2019 5:53am Aug 22, 2019 5:53am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
2nd trade of the morning...
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Name: EURGBPH1.png
Size: 54 KB
the cautious seldom err....C
 
 
  • Post #1,055
  • Quote
  • Aug 22, 2019 7:25am Aug 22, 2019 7:25am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
Quoting pips29
Disliked
2nd trade of the morning... {image}
Ignored
trade closed
Attached Image (click to enlarge)
Click to Enlarge

Name: EURGBPH1.png
Size: 53 KB
the cautious seldom err....C
 
 
  • Post #1,056
  • Quote
  • Aug 22, 2019 7:34am Aug 22, 2019 7:34am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
Quoting pips29
Disliked
first trade of the morning..taking it 5 mins before candle close {image}
Ignored
trade closed
Attached Image (click to enlarge)
Click to Enlarge

Name: GBPCADH1.png
Size: 53 KB
the cautious seldom err....C
 
 
  • Post #1,057
  • Quote
  • Aug 22, 2019 8:31am Aug 22, 2019 8:31am
  •  lisat
  • Joined Jun 2016 | Status: Member | 888 Posts
Quoting pips29
Disliked
{quote} trade closed {image}
Ignored
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
 
 
  • Post #1,058
  • Quote
  • Aug 23, 2019 4:29am Aug 23, 2019 4:29am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
first trade of the morning
Attached Image (click to enlarge)
Click to Enlarge

Name: EURAUDH1.png
Size: 53 KB
the cautious seldom err....C
 
 
  • Post #1,059
  • Quote
  • Edited 8:20am Aug 23, 2019 5:51am | Edited 8:20am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
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
Attached Image (click to enlarge)
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Name: EURAUDH1.png
Size: 54 KB
the cautious seldom err....C
 
1
  • Post #1,060
  • Quote
  • Edited 11:13am Aug 23, 2019 10:36am | Edited 11:13am
  •  pips29
  • Joined Aug 2012 | Status: Member | 16,480 Posts | Online Now
as soon as I took the short price retraced upwards..let's see EDit: took a 40 pips loss
Attached Image (click to enlarge)
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Name: EURNZDH1.png
Size: 54 KB
the cautious seldom err....C
 
 
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