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  • #9,181
  • Nov 14, 2012 9:48am Nov 14, 2012 9:48am
EU H1
I'll try to get to the questions later....leaving for a business meeting in a couple of minutes....
The market is still ranging making it difficult to trade a trend, so I just take what the market will give me and get out on any sign of reversal. Two trades today....first during the Frankfurt session for a few pips....again on a bounce of the 38 fib (not a part of the TMS or S3 system, just something I learned and have tested from the Pro Traders Network)......entered a second trade and went back to bed...EA closed it at BE...done for the day.
Attached Image (click to enlarge)
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  • #9,182
  • Nov 15, 2012 1:50am Nov 15, 2012 1:50am
Quoting Sorenson
Have a look at the files, very helpful.
Thanks so much Sorenson, I m very grateful!
  • #9,183
  • Nov 15, 2012 6:30am Nov 15, 2012 6:30am
Thanks X-Man for this system

I am a newbie and just started a month ago in Forex

I hope I can find my way through your system

Thanks a lot
I Have Learned to Take Some Losses to Make Profits
  • #9,184
  • Nov 15, 2012 7:03am Nov 15, 2012 7:03am
Quoting Phx62
EU H1
I'll try to get to the questions later....leaving for a business meeting in a couple of minutes....
The market is still ranging making it difficult to trade a trend, so I just take what the market will give me and get out on any sign of reversal. Two trades today....first during the Frankfurt session for a few pips....again on a bounce of the 38 fib (not a part of the TMS or S3 system, just something I learned and have tested from the Pro Traders Network)......entered a second trade and went back to bed...EA closed it at BE...done for the...
Hi Phx62,
may I ask you which FIB-Tool (Indicator) you are using in pic attached from your last post?
Thanks for any info regarding this.
Greeds Zack
  • #9,185
  • Nov 15, 2012 8:18am Nov 15, 2012 8:18am
Hello Phx,

How do you define raging market. At what point do you say to yourself: "The market is raging, im not taking 3S 1H traders from now on untill... ". Untill when?

Cheers,
mierzyk
Remember I'm a newbie!
  • #9,186
  • Nov 15, 2012 9:15am Nov 15, 2012 9:15am
Hi.

Long. Took almost 3 days...

Edit: +110.

BR
Attached Image (click to enlarge)
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  • #9,187
  • Nov 15, 2012 9:46am Nov 15, 2012 9:46am
Quoting Sorenson
Hi Phx62,

Do you mind sharing your indi and template?
if you don't mind , can i have too?

I just need to make my mt4 more professional and appealing with important information
I Have Learned to Take Some Losses to Make Profits
  • #9,188
  • Nov 15, 2012 10:20am Nov 15, 2012 10:20am
1 trade that became 2. Both bounce entries
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #9,189
  • Nov 15, 2012 10:42am Nov 15, 2012 10:42am
A little bit more. Pullback from the BRN just to round off the day. Taken on the 15 min for clarity.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #9,190
  • Nov 15, 2012 1:57pm Nov 15, 2012 1:57pm
Took some scalp trades on the EU H1 during the Asian session and one at LO.....TP was small on the LO trade due to the 200 EMA being very close.
I have also been demo trading and studying the GU and the EJ. I took my first LIVE trade on the EJ today because price was breaking both the H1 200EMA AND THE H4 200EMA....turned out to be the right decision.....I moved my TP further out three times because price continued up.....overall a very good day!!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2012.11.15 ej h1.gif Size: 40 KB
  • #9,191
  • Nov 15, 2012 2:29pm Nov 15, 2012 2:29pm
hello phx62 now taking on a trade only 1h, which trade was it possible?
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  • #9,192
  • Nov 15, 2012 9:00pm Nov 15, 2012 9:00pm
Quoting Phx62
Took some scalp trades on the EU H1 during the Asian session and one at LO.....TP was small on the LO trade due to the 200 EMA being very close.
I have also been demo trading and studying the GU and the EJ. I took my first LIVE trade on the EJ today because price was breaking both the H1 200EMA AND THE H4 200EMA....turned out to be the right decision.....I moved my TP further out three times because price continued up.....overall a very good day!!
Well done , fantastic trade on EJ. Can you please tell me what kept you in this trade , I know that I would have stopped when green did about turn and headed for red (tdi ) and looked like it just broke through very slightly , I know the candles were still blue , but were there other reasons too ?
  • #9,193
  • Nov 16, 2012 3:15am Nov 16, 2012 3:15am
Hi.

The platform draws this a bit strange as the entry was based on rejection of round number (and major resistance) and was executed over 1 candle to the left from what MT4 has drawn.

Anyway, I hit TP before I could move it down another 10-15 pips, which makes it total of 44 and done for this week.


BR
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  • #9,194
  • Nov 16, 2012 3:39am Nov 16, 2012 3:39am
Been taking exits at fib levels with great success.
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  • #9,195
  • Nov 16, 2012 3:43am Nov 16, 2012 3:43am
Both trades exited at 50% fib level
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  • #9,196
  • Nov 16, 2012 5:14am Nov 16, 2012 5:14am
I would like xman or other memers to correct me or guide me if am wrong

I enterd short 1.27490 with TP 50 and got the deal

But I enterd on the 3rd candle after the vertical line, my vertical line is placed 2 hours perior to Londong openning session

Looking at the TDI , it was heading down on a nice slobe , that's what have made me pull the trigger

Guide me as possible, was I correct or I was in high risk placing that order?




http://s9.postimage.org/ta2kazjr3/Untitled_1.jpg

online photo storage

I Have Learned to Take Some Losses to Make Profits
  • #9,197
  • Nov 16, 2012 5:45am Nov 16, 2012 5:45am
Quoting TheScorpS
I would like xman or other memers to correct me or guide me if am wrong

I enterd short 1.27490 with TP 50 and got the deal

But I enterd on the 3rd candle after the vertical line, my vertical line is placed 2 hours perior to Londong openning session

Looking at the TDI , it was heading down on a nice slobe , that's what have made me pull the trigger

Guide me as possible, was I correct or I was in high risk placing that order?

online photo storage

Have a look at the blue candles in the chart above your post. See how many moves up failed after 4, 5, 6 whatever candles. There are several examples that failed in 1 chart.

Doesn't mean for other reasons that this wasn't a good trade (I think it was). Eur had a resistance level around 1.28 the 1 Oct low, weekly pivot W M3 1.2792 and made a clear lower high on 1hr.
  • #9,198
  • Nov 16, 2012 6:54am Nov 16, 2012 6:54am
Trade setup 1H EU

What do you think?
Attached Image (click to enlarge)
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  • #9,199
  • Nov 16, 2012 7:14am Nov 16, 2012 7:14am
I took the long but with a close tp at the 38 fib
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  • #9,200
  • Nov 16, 2012 8:03am Nov 16, 2012 8:03am
Quoting munirpt
Trade setup 1H EU

What do you think?
Hello Munirpt , I think that long is a good idea, bullish divergence on medium 1 hour and 15 min . On the other hand 1h candle against the not pretty :s
Are you in a position ?
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