DislikedI know its a downtrend but after a tapping out near 1.589 area and the indicators turning it looks like a valid entry. What do you guys think? {image}Ignored
1
- #1,947
- Jul 24, 2019 2:36am Jul 24, 2019 2:36am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} Good Morning Emmanuel you mean as rules of TMS(r) and even Douglas Zalesky's book you shouldn't open it? you took high risk?
Its heading south ... after taking 2 TP exits.
with profit locked now ... let CM do its job while I look for other trade opportunity.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,948
- Jul 24, 2019 2:37am Jul 24, 2019 2:37am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,949
- Jul 24, 2019 2:44am Jul 24, 2019 2:44am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
After a difficult day yesterday, with only losers hitting SL, I'm back on a green day.
AUDCHF H4: The signal candle was different from the 2 MT4 platforms that are running (one for signals, one to place trades). But essentially it confirmed the weakness and eventually exhaustion of the recent upmove.
This one I took at the start of the week, going nicely after taking TP1 and 2.
Same here, first TP hit. I like when the signal candle happens after some kind of identifiable pattern, for example here the double top with the RSI showing less strenght on the 2nd top gave me more confidence.
Still down on the week though.
AUDCHF H4: The signal candle was different from the 2 MT4 platforms that are running (one for signals, one to place trades). But essentially it confirmed the weakness and eventually exhaustion of the recent upmove.
This one I took at the start of the week, going nicely after taking TP1 and 2.
Same here, first TP hit. I like when the signal candle happens after some kind of identifiable pattern, for example here the double top with the RSI showing less strenght on the 2nd top gave me more confidence.
Still down on the week though.
- #1,953
- Jul 24, 2019 5:20am Jul 24, 2019 5:20am
{quote} Hi Krismitt, Can i just check your HMA setting is it 21 or lower? Because when i check mine i don't see a continuation yet for EurUsd. {image}
I have not changed the indicator settings from the Template (except for colours).
Still in trade.
Trade well.
- #1,954
- Jul 24, 2019 6:56am Jul 24, 2019 6:56am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Hi RobinHood, I'd like to ask you a question that I can't find an answer anywhere. I seem to have read, I don't remember on which page, which works in the TF H4 and you don't see the TFs Higher (D1, W1 etc.), then, based on what reason do you decide to enter an ASSET rather than another? Or do you use some other system that I haven't read yet? I can't understand this, do I have to stand in front of the charts and wait for valid signals to then make a Trend? Forgive me, it will surely be a stupid question but for me it is very important to understand...
I am however testing out a new layout for the lower indicators (using an indicator from SwingMan). Here's what it looks like:
Always a Student, Never a Master - Emulate What Works
- #1,956
- Jul 24, 2019 7:42am Jul 24, 2019 7:42am
Whoo! Look at that green candle! Good thing I trailed my stop. Got out with ~0.5R on this trade. Just mildly frustrating that it got sooooo close to my take profit of 2R. Oh well 
Emotion - it steals your money.
- #1,960
- Jul 24, 2019 9:06am Jul 24, 2019 9:06am
{quote} All I use is the 7 indicators I provided to make my trading decisions. Before I enter a trade, I usually look at next higher time frame to see confirmation of the direction. I am however testing out a new layout for the lower indicators (using an indicator from SwingMan). Here's what it looks like: {image}
Thank you for your answer, I understand your advice, I will try to continue reading your messages and understand more and more.
I will follow your advice to add "smTMMS Oscillator" to my chart.
I see that he uses "smTMMS" also TheSpoof, what a greeting, I see with great pleasure also on the charts where he explains with the screens made very well and understandable for me.
Thank you for your kindness
Carpe diem, quam minimum credula postero. "Orazio"