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

first trade of the week..
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the cautious seldom err....C
Quoting pips29
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 {image}
in 20 minutes H4 will close on my platform..it's looking more and more like I 'll get a confirmed break of the TL
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the cautious seldom err....C
just gone in
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the cautious seldom err....C
I am left with very little for target..I was away from the computer for a good part of the afternoon and came back about 30 mins ago..
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the cautious seldom err....C
also did the same with cable
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the cautious seldom err....C
gone long both gbpnzd and gbpaud ahead of candle close...I reckon there is weakness with both aussie and the kiwi
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the cautious seldom err....C
just taken on H4...
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the cautious seldom err....C
out of gbpnzd with some pips...still have gbpaud going nowhere
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the cautious seldom err....C
mt gbpaud trade now after saying it was going nowhere just one post earlier, guess it must have heard me, ha,ha
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the cautious seldom err....C
Quoting pips29
just taken on H4... {image}
at b/e+ now
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the cautious seldom err....C
this is a good trade if taken on H4. It met all the conditions for a profitable trade..I did not take it as I did not want to be exposed to too many pound related trades. I chose eurgbp instead and had my gbpaud moved to b/e, I would have taken this trade as well ..anyway, you can't win them all
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the cautious seldom err....C
Ecad is at a very interesting level where previous R turned to Support which is broken now...whether this level will hold will be known when the candle closes at 6 pm later on..if you take a look at the daily you will notice there is a tdi cross and both red and green tdi is currently below the 50 mark which to me is bearish territory..Let's see how it closes at eod
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the cautious seldom err....C
GU has printed a HH and there is hardly too many obstacles going up chart wise. Will probably trade cable tomorrow..incidentally, the little bit left on cable trade yesterday was taken out this morn.
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the cautious seldom err....C
the remainder hit my target .I am not getting a continuation to the downside on H4 but in fact price bounced from the 200 ema which I suspected, hence it was where I set my target yesterday..so there will be no trading with the loonie until I see a clearer picture
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the cautious seldom err....C
just taken ..let's see
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the cautious seldom err....C
2nd trade of the day...I have not traded this pair for some time..let's see if I can get it right
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the cautious seldom err....C
Quoting pips29
just taken ..let's see {image}
had to use another entry and got out on both with nett 0.6 pip
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the cautious seldom err....C
I took this trade in the morning and was out within the same candle as my entry..It was a fast move and I did not have time to post as I left the computer to do some errands
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the cautious seldom err....C
just taken my 2nd trade of the day
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the cautious seldom err....C
this is even faster than my earlier trade on gbpaud..taken 60% off and stop at b/e+
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the cautious seldom err....C
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