TMS for Newbies Part 2 | Page 53 | Forex Factory

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

  • #1,041
  • Aug 21, 2019 4:14am Aug 21, 2019 4:14am
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
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFH4.png Size: 51 KB
the cautious seldom err....C
  • #1,042
  • Aug 21, 2019 5:26am Aug 21, 2019 5:26am
just a small bit left on a slightly bigger size position than usual..at b/e+
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 49 KB
the cautious seldom err....C
  • #1,043
  • Aug 21, 2019 8:34am Aug 21, 2019 8:34am
gone long after closing GBpaud..I don't trade long and short on the same currency at the same time
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHFH1.png Size: 44 KB
Click to Enlarge Name: GBPAUDH1.png Size: 49 KB
the cautious seldom err....C
  • #1,044
  • Edited 10:52am Aug 21, 2019 8:37am | Edited 10:52am
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
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFH4.png Size: 53 KB
the cautious seldom err....C
  • #1,045
  • Aug 21, 2019 10:32am Aug 21, 2019 10:32am
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
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 49 KB
the cautious seldom err....C
  • #1,046
  • Aug 21, 2019 10:58am Aug 21, 2019 10:58am
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
  • #1,047
  • Aug 21, 2019 11:06am Aug 21, 2019 11:06am
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
  • #1,048
  • Edited 12:40pm Aug 21, 2019 11:22am | Edited 12:40pm
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
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 50 KB
the cautious seldom err....C
  • #1,049
  • Aug 21, 2019 11:28am Aug 21, 2019 11:28am
I actually thought price will fall to test the level on my chart when price rejected the 200 ema, and it did precisely
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 47 KB
the cautious seldom err....C
  • #1,050
  • Aug 21, 2019 11:40am Aug 21, 2019 11:40am
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
  • #1,051
  • Aug 22, 2019 3:58am Aug 22, 2019 3:58am
first trade of the morning..taking it 5 mins before candle close
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH1.png Size: 53 KB
the cautious seldom err....C
  • #1,052
  • Aug 22, 2019 4:31am Aug 22, 2019 4:31am
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
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 65 KB
the cautious seldom err....C
  • #1,053
  • Aug 22, 2019 4:37am Aug 22, 2019 4:37am
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)
Click to Enlarge Name: GBPAUDH4.png Size: 49 KB
the cautious seldom err....C
  • #1,054
  • Aug 22, 2019 4:53am Aug 22, 2019 4:53am
2nd trade of the morning...
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 54 KB
the cautious seldom err....C
  • #1,055
  • Aug 22, 2019 6:25am Aug 22, 2019 6:25am
Quoting pips29
2nd trade of the morning... {image}
trade closed
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 53 KB
the cautious seldom err....C
  • #1,056
  • Aug 22, 2019 6:34am Aug 22, 2019 6:34am
Quoting pips29
first trade of the morning..taking it 5 mins before candle close {image}
trade closed
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH1.png Size: 53 KB
the cautious seldom err....C
  • #1,057
  • Aug 22, 2019 7:31am Aug 22, 2019 7:31am
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
  • #1,058
  • Aug 23, 2019 3:29am Aug 23, 2019 3:29am
first trade of the morning
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 53 KB
the cautious seldom err....C
  • #1,059
  • Edited 7:20am Aug 23, 2019 4:51am | Edited 7:20am
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)
Click to Enlarge Name: EURAUDH1.png Size: 54 KB
the cautious seldom err....C
  • #1,060
  • Edited 10:13am Aug 23, 2019 9:36am | Edited 10:13am
as soon as I took the short price retraced upwards..let's see EDit: took a 40 pips loss
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1.png Size: 54 KB
the cautious seldom err....C
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