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  • #21,701
  • Jul 12, 2013 1:26am Jul 12, 2013 1:26am
GU 12 Jul H4 setup ...
meet the basic entry rules ...
but, what are the risks?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12 Jul H4 12-7-2013 4-21-58 PM.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,702
  • Jul 12, 2013 1:37am Jul 12, 2013 1:37am
Gu still bullish on 4 hr and daily charts and price is just above yesterdays high.
could be more risky to enter just yet.
  • #21,703
  • Jul 12, 2013 2:04am Jul 12, 2013 2:04am
Quoting emmanuel7788
EJ 12 Jul trade got stopped out. Now made re-entry. Strong H4 bearish engulfing candle. {image}
Hi Emmanuel
I'd like to show you something i'm struggling with that is typical of many failed trades i'm having at the moment.

Essentially, i'm applying TMS to H1 timeframe.
Please refer to the attached EJ H1 chart of yesterday (and today).
In the first ellipse, candle #1 made a nice reversal, TDI crossed down and stoch down.
I entered on open of candle #2 (horizontal line) as APB candle was red, TDI down and stoch down. Price retraced, i got nervous and closed the trade at my mental stop, then price dropped again.
Candle #3 broke the horizontal line and dropped a further 42 pips.

Something similar happened today (second ellipse), except this time i entered on the third candle inside ellipse, about 5 pips lower than the bottoms of candles 1 and 2. As i write this, price retraced a bit and PA is slow.

I realise my errors of yesterday include:
- Being too hasty in pulling the trigger when jumping in at open of candle #2
- Not getting in at a better price on the retrace of candle #2 (as you demonstrated in your posts yesterday)
- Not setting a more logical stop at say the top of the consolidation range prior to candle #1 of yesterday. (By the way, during the consolidation of yesterday, I was waiting for a break to the upside as TDI had crossed up and a bounce was possible. The prev W Fib-r 50% was just above however. I probably would have made the same error, just in the opposite direction).

There are more failed breakouts than successful ones and i'm falling into the trap of the brokers.

Could I have traded the break of the trendline and entered on candle #1?
I would appreciate any advice.

Regards
Axiom
Attached Image (click to enlarge)
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  • #21,704
  • Jul 12, 2013 2:09am Jul 12, 2013 2:09am
That's Really good work. It will help newbie to gather knowledge. I think this will help me to understand basic strategy about Forex.
  • #21,705
  • Jul 12, 2013 2:34am Jul 12, 2013 2:34am
Just 4 pages pdf taken out from Dr Brett Steenbarger' book for you to read and ponder over. ...

while I go look for some dinner now.

will back in 2 hours before NYO.
Attached File(s)
File Type: pdf Daily Coach 101 Lesson 4.pdf   528 KB | 1,416 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,706
  • Jul 12, 2013 3:46am Jul 12, 2013 3:46am
Hi Emmanuel,

Count me in please!

Hope everyone doing well!

Enjoy the weekend!

Quoting emmanuel7788
Question to all members trading TMS: Who wants .. Come Into My Trading Room ?
  • #21,707
  • Jul 12, 2013 4:09am Jul 12, 2013 4:09am
Quoting emmanuel7788
Question to all members trading TMS: Who wants .. Come Into My Trading Room ?


I little view in your room is not a bad idea... for me hehehe
  • #21,708
  • Jul 12, 2013 4:25am Jul 12, 2013 4:25am
Quoting emmanuel7788
{quote} Hi Dalytec, Your first post, ... WELCOME to this thread. Thank you very much for your kind words and recognition. Very encouraged by the fact that my contribution has benefit some members here. TMS is a simple method and it took our OP eelfranz whom we fondly call him Big E many years experience to develop it and share this with us. But the challenge for many here is really learning to trade and not just trade the TMS method. I hope to focus to help those who are learning to trade and to trade TMS. Regards, EMMANUEL
Hi Bro. I appereciate your earnest response and forthrightness. Now I deem it necessary to share with you and the rest of Tms warriors what I have learnt so far as regards Tms trading. By the virtue of the little thread I've read, I have found that Tms is all about Tdi, price action bar which I think is also synonymous to the momentum of the market, accuracy or mastery in candletick pattern, as well as knowing the right time to enter the market otherwise known as exercise of patience.
Just like the rest of this thread member, I have got a lot to ask as well, but I think it will be necessary for me to get started before feigning any sense of belonging. Consequent to this, I am requesting that you should kindly send me the necessary Tms indicators and pdfs , thanks and God bless.
Regards.
Dalytec
  • #21,709
  • Jul 12, 2013 4:40am Jul 12, 2013 4:40am
Hi Traders,
took a GU sell about an hour after LON opened tonight my time.
Kept targets and stop a bit tight as despite the TDI cross, the pair was showing bullish.
T1 at 15 pips and T2 at 30 pips hit so a good result.

Also took a EU sell at the same time. Closed the trade after 2 hours for +4 pips as it was going nowhere.
Had i stayed in the trade would now be up 30 pips. Oh well. small profit is always better than a loss.


Enjoy your weekend
Attached Image (click to enlarge)
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  • #21,710
  • Jul 12, 2013 4:43am Jul 12, 2013 4:43am
hi emmanuel,

I post my last trade: audusd + 540 $!!!! CHAMPAGNE!!!!!!!!!!!!!!!!!!!

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  • #21,711
  • Jul 12, 2013 4:48am Jul 12, 2013 4:48am
Quoting dalytec
{quote} Hi Bro. I appereciate your earnest response and forthrightness. Now I deem it necessary to share with you and the rest of Tms warriors what I have learnt so far as regards Tms trading. By the virtue of the little thread I've read, I have found that Tms is all about Tdi, price action bar which I think is also synonymous to the momentum of the ....
Hmmm,maybe my english is not good enough or I found your last sentence is a bit "cocky". Maybe you didn't mean that but I think emmanuel didn't demand from you anything so I think he doesn't have a responsibility to be requested to send you something. He is willing to help you until you are success or decide to give up on this. I don't know about emmanuel but if I were him,I would be a little hurt. But anyway,I will help you first until emmanuel give you the answer.

You have read a little about the thread already so you should know that the necessary indicators is on the first page.

If you are trading H1 chart then you should check out this post http://www.forexfactory.com/showthre...46#post6788846 and download all 3 pdf files from there.

About the candlestick pattern,you should check out this post http://www.forexfactory.com/showthre...50#post6720450 and this http://www.forexfactory.com/showthre...77#post6720177 and download 2 pdf files from there.
  • #21,712
  • Jul 12, 2013 4:59am Jul 12, 2013 4:59am
Quoting frank_seb
hi emmanuel, I post my last trade: audusd + 540 $!!!! CHAMPAGNE!!!!!!!!!!!!!!!!!!! {image}
GJ Frank,keep up the good work . I see that you are new to TMS so remember to stick to the basic rules of TMS. As you improve you can enter the market more aggressive. And next time you should post your chart with your analysis so new trader to learn from it. Your AU trade is a bounce trade on the TDI after price cleared yesterday low right? Anyway,congrats.
  • #21,713
  • Jul 12, 2013 5:17am Jul 12, 2013 5:17am
hi frenetic,

thank you very much, i'm very happy to stay in this thread, i'm an italian junior trader and i discovered tms only 2 weeks ago...
yes youranalysis about my trade is correct.... I've a support at 0.9108 and i entered short at 0.9106!
next time i'll post my complete analysis!!!!
sorry but i'm new!!!

good trading to you!!!
francesco
  • #21,714
  • Jul 12, 2013 5:18am Jul 12, 2013 5:18am
Quoting frank_seb
hi emmanuel, I post my last trade: audusd + 540 $!!!! CHAMPAGNE!!!!!!!!!!!!!!!!!!! {image}
I love champagne ....
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,715
  • Jul 12, 2013 5:24am Jul 12, 2013 5:24am
Thank you Emmanuel.... I love TDI!!!!

this is the 4th trade with TDI and I gained 836 $.... only a little loss 80 $!!!!

I think this will be a good, very good week end!!!!!

good trading!!!!

Francesco
  • #21,716
  • Jul 12, 2013 5:45am Jul 12, 2013 5:45am
Quoting frenetic
{quote} Hmmm,maybe my english is not good enough or I found your last sentence is a bit "cocky". Maybe you didn't mean that but I think emmanuel didn't demand from you anything so I think he doesn't have a responsibility to be requested to send you something. He is willing to help you until you are success or decide to give up on this. I don't know about emmanuel but if I were him,I would be a little hurt. But anyway,I will help you first until emmanuel give you the answer. You have read a little about the thread already so you should know that...
Thank you for the observation frenetic but I think you miscontrued my expression. Emmanuel is not under any obligation to attend to anybody's needs in this thread and this I am very much aware of. The word "request" can be synonimously considered as follow: ask, petition, adjure, demand,.. etc. All these words in their primary form look like commanding words but when combined with some other words, a different meaning can be deciphered. If you truly follow what I wrote, I was asking for Emmanuel's help, the reason why I put the word "kindly". And Emmanuel if you're there, I beg that you should not be offended in case my request looks obligatory or mortifying to you. Thank you all for understanding.

Regards

Dalytec.
  • #21,717
  • Jul 12, 2013 6:23am Jul 12, 2013 6:23am
Hi Frenetic, thanks for referring me to the actual destination for the indicators, but please where can I find "PAC"? Thanks for answering me in advance

Regards
Dalytec
  • #21,718
  • Jul 12, 2013 6:30am Jul 12, 2013 6:30am
Quoting emmanuel7788
GU 12 Jul H4 setup ... meet the basic entry rules ... but, what are the risks? {image}
Entered short on GU and after that I started to read Emmanuel's post about this trade so I'm glad I'm on the same page like him.
Entered based on fact that the 2nd red candle made a LL comparing to the setup candle, we have a bearish divergence, MBL under 50 Daily bearish trend, TDI cross with nice angle. The SMAs you see on the chart are the 200 and 50. The 50sma could provide some support but I took my chances.

Is there something I missed?
Thanks
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  • #21,719
  • Jul 12, 2013 6:35am Jul 12, 2013 6:35am
Quoting emmanuel7788
{quote} hi Axiom, here is the book cover of that book of same title: regards, EMMANUEL {image}

Oh No...Last night I told my wife we are going far east to Emmanuel trading room. She was so happy and already packed up.

Is it all about a book?

I don't know what should I tell her tonight?

I am screwed...God help me!!

Emmanuel please let us know that you didn't mean the book

Mike
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Failure, is a wonderful teacher!
  • #21,720
  • Jul 12, 2013 6:38am Jul 12, 2013 6:38am
Quoting dalytec
Hi Frenetic, thanks for referring me to the actual destination for the indicators, but please where can I find "PAC"? Thanks for answering me in advance Regards Dalytec
No problems,maybe I have misunderstood you. I'm sorry about that .

And the PAC is the "Price Action Channel" which is not in TMS but it will help you identify market condition
like:ranging,trending,... and it will give you a much safer entry than the original TMS entry. It actually come from E.A.S.Y method of Dean Malone.

You can see how to setup the PAC in this post by emmanuel http://www.forexfactory.com/showthre...86#post6790986. And emmanuel has a lot of chart which he used the PAC for entry and analysis the market condition too.

For any further information about PAC or Synergy bar you can go to this post and download the pdf file there:http://www.forexfactory.com/showthre...88#post6791088

Good luck
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