- #642
- Aug 27, 2020 5:31am Aug 27, 2020 5:31am
Anybody trading today or are you waiting for Mr Powell to say something interesting?
{quote} We have 2 more USD related high impact news today, 1 before Mr Powell speaks and 1 after it. So please be careful hunting those pips today guys
- #649
- Aug 27, 2020 1:13pm Aug 27, 2020 1:13pm
{quote} Care to share some more about the strategy Phoenix99. I want to know what provides strongest confirmation? OBV im assuming? Or will it be everything in conjunction with one another.
You can demo it for a while, post screen shoot of your chart here as many as you can, so we can comment/discuss it together. Doing mistake is part of your learning curve as well. My second suggestion for you, please immediately open a real account as soon as you're comfortable using demo. You can open cent account first that is really safe because its 1/100 compare to your standard account, but its real money so you can then learn to control your emotions, money management, adrenaline rush, re-quote from your broker, commissions, etc that you will never learn if you only using demo account. Then your final step will be stepping up one more step by using standard account. Don't forget to use leverage/type of account that can support your trading style as well. For instance, if you are a scalper like me, you have to use ECN account with the lowest commission/spread. Or if you are a swing trader you can look for swap free broker, etc.
Regarding your questions, for me is critical you don't ever trade against the trend. So if we find a day like today that so many high impact news dictating the market movement, don't try to fight it...just go with it. After TTS rules confirmation (such as OBV line, EMA crosses, etc), you check the trend first before you make your entry. Hope this make sense.
Rest assured you're already in the right place.
{quote} I think all rules is already in the pdf. Your next step would be to practice it as much as you can. There's no short cut to it. TTS is a simple yet powerful system, so you will be mastering it in no time. It took me more less 1,5 weeks to get me comfortable with this awesome system. After hundreds of trades, hours of learning it, then I am set to go
{quote} I think all rules is already in the pdf. Your next step would be to practice it as much as you can. There's no short cut to it. TTS is a simple yet powerful system, so you will be mastering it in no time. It took me more less 1,5 weeks to get me comfortable with this awesome system. After hundreds of trades, hours of learning it, then I am set to go
{quote} I think all rules is already in the pdf. Your next step would be to practice it as much as you can. There's no short cut to it. TTS is a simple yet powerful system, so you will be mastering it in no time. It took me more less 1,5 weeks to get me comfortable with this awesome system. After hundreds of trades, hours of learning it, then I am set to go
I see some of the the USDCAD and GBPUSD trades posted by others today were affected. Even though those trades were identified well before the news events they didn't really move until the news came out and ended up being stopped out. Would it be better to close them out before the news starts if they havent move to the TP yet?
- #654
- Edited 1:57pm Aug 27, 2020 1:36pm | Edited 1:57pm
{quote} Did you trade today, or sitting out because mostly high impact news? I see some of the the USDCAD and GBPUSD trades posted by others today were affected. Even though those trades were identified well before the news events they didn't really move until the news came out and ended up being stopped out. Would it be better to close them out before the news starts if they havent move to the TP yet?
Actually its a good trading day for me today...I took some related news pairs such as gold (after the news off course)... and non related news pair such as AN. No SL for me today because the spike for USD related pairs is very wild. gold went up for 100+ pips then drop 250+ pips in 1 candle...and "luckily" I catch it
I will post some of my trade here...1 that heavily impacted by the news (XA) and 1 position that didn't even touch by the news at all (AN)
And for your other questions, it depend what is your trading style. I will remove my S/L for the day like this, or cut loss after my trades going off for certain pips. Its normal for a scalper like me. We have so many opportunity for entry in this TTS setups so our chances of getting those pips back are high
For checking the trend, we can always switch to higher TF to check it (H4 or D1 for me) or depends on what is your methods/indicator for checking it. Moving average? Ichimoku? etc..
Hope this answer your questions...
- #658
- Edited 5:17am Aug 28, 2020 4:05am | Edited 5:17am
is this a valid setup for entry, I believe it adheres to all the rules except that the candles returned to be above the moving average line and that is making me a bit hesitant? {image}
2) This is TTS Long term system templates that you used, so patience is the key especially if you trade against the trend
Hope this help
Anyone with me in this pair? trend is relatively predictable today... so lets harvest as many pips as we can{image} {image} {image} {image}