Hope this helps
Leona
- #10,266
- Aug 18, 2011 8:00am Aug 18, 2011 8:00am
I have been contributing to the thread for a while, so the the regular followers know I am not a new person trying to leech without reading the posts first. I have been using the 5 method, but a few posts back, and few of the vets said there are new rules. I am a little confused because different people are posting old rules, and then others are saying there are new rules or updated rules. If you know what you are talking about, I am looking for the newest or most current version of what Big E established. If you don't know what you are talking about, then shut the hell up because you are confusing people. Thanks and have a nice day 
- #10,271
- Aug 18, 2011 8:36am Aug 18, 2011 8:36am
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts
- #10,275
- Aug 18, 2011 9:24am Aug 18, 2011 9:24am
HI Guys,
OK, so after posting my trades a few days ago, and losing terribly. I decided to stay quiet these past 2 days and try again.
I just closed E/U and G/U and have recovered my losses and am up 22% on the month. Feeling pretty good.
FS
OK, so after posting my trades a few days ago, and losing terribly. I decided to stay quiet these past 2 days and try again.
I just closed E/U and G/U and have recovered my losses and am up 22% on the month. Feeling pretty good.
FS
- #10,278
- Aug 18, 2011 10:48am Aug 18, 2011 10:48am
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
Following on from my Post #10225 and from several comments on the Candle # and status of TDI for the entry, etc.
Not the most perfect of TMS entries, however, here is the rationale behind the entry (you can always justify anything if you try hard enough
- especially if it was a winner!).
1.4400 (BRN) has been a sticking point and this was one of the very few pairs that showed any promise that I was watching (I have 12 set up on a 23 inch monitor).
I had set an entry target @ 1.4385 (good clearance from 1.4400). As this moved below, Green TDI started to gap away from Red (the cross was two candles earlier and was very flat, so no entry) and I intrepretted this as a bounce.
Time of the entry was 04:14 gmt which is 14 minutes into my 9pm H4 candle.
All lower time frames were in support, however, this did suffer a 70 pip reversal but I was sleeping, which was a good thing - futzing may have occured if I'd been awake!
SL was set to the previous High Fractal @ 138pips @1.4517 (just above the BRN - 1.4500 which has held pretty solid) and allowed to run until a pull back at around 07:30 PDT for 85 pips - was up 115pips but BRN philosophy seems to have taken control at 1.4300.
Anyway - that's my story and I'm sticking to it - good hunting everyone.
August has been a very good month so far.
Not the most perfect of TMS entries, however, here is the rationale behind the entry (you can always justify anything if you try hard enough
- especially if it was a winner!).1.4400 (BRN) has been a sticking point and this was one of the very few pairs that showed any promise that I was watching (I have 12 set up on a 23 inch monitor).
I had set an entry target @ 1.4385 (good clearance from 1.4400). As this moved below, Green TDI started to gap away from Red (the cross was two candles earlier and was very flat, so no entry) and I intrepretted this as a bounce.
Time of the entry was 04:14 gmt which is 14 minutes into my 9pm H4 candle.
All lower time frames were in support, however, this did suffer a 70 pip reversal but I was sleeping, which was a good thing - futzing may have occured if I'd been awake!
SL was set to the previous High Fractal @ 138pips @1.4517 (just above the BRN - 1.4500 which has held pretty solid) and allowed to run until a pull back at around 07:30 PDT for 85 pips - was up 115pips but BRN philosophy seems to have taken control at 1.4300.
Anyway - that's my story and I'm sticking to it - good hunting everyone.
August has been a very good month so far.
"To live with Passion, it takes Courage and Grace to survive"
