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  • #22,141
  • Jul 19, 2013 3:49am Jul 19, 2013 3:49am
EJ M5

the last 3 M5 close nice.
now we wait and see how this M15 will close... green or red.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ M5 3 bar close 19-7-2013 4-45-03 PM.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,142
  • Jul 19, 2013 4:04am Jul 19, 2013 4:04am
Quoting emmanuel7788
{quote} 131.22 is safe ... now we keep an eye on the 4th M15 candle which will close this current H1.
Since I expect(ed) EU to go a bit further down I would not go long in EJ right now or I would save my long trade per BE SL respectively. Do you look at pair correlations when trading?
  • #22,143
  • Jul 19, 2013 4:09am Jul 19, 2013 4:09am
Quoting zwirN
{quote} Since I expect(ed) EU to go a bit further down I would not go long in EJ right now or I would save my long trade per BE SL respectively. Do you look at pair correlations when trading?

yes, I do trade correlation on longer term positions. I trade USD pairs composite strength.

but intraday is short term ... in/out in few hours.

Today is G20 Meetings Day One ... don't expect EU to make big moves.

Also not holding open positions over the weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,144
  • Jul 19, 2013 4:15am Jul 19, 2013 4:15am
EJ Tokyo last H1 close UGLY!
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Tokyo Last H1 19-7-2013 5-03-05 PM.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,145
  • Jul 19, 2013 4:17am Jul 19, 2013 4:17am
When the 15m closed red, I moved to BE and then got stopped out. I just didn't really feel good with it testing the top 3 times and coming back but not able to touch it again after.
At least I didn't lose on that one. Always best to keep a bit if not BE I feel. And it's Friday, so I'm not trying too hard for large pips today.

My account has been going up and down but mostly down. Definitely still need to do a lot more practices with backtesting. I find I learn a lot better while on my live account than on demo. My entries have been getting better but I exit the trade sometimes when it makes a slightly big move against be me but would still make it to the right direction. So I need to learn to control myself not to touch it when it makes a movement against me.
It's just hard to get it into myself to treat the demo as real money :/
  • #22,146
  • Jul 19, 2013 4:24am Jul 19, 2013 4:24am
Quoting evilmechy
When the 15m closed red, I moved to BE and then got stopped out. I just didn't really feel good with it testing the top 3 times and coming back but not able to touch it again after. At least I didn't lose on that one. Always best to keep a bit if not BE I feel. And it's Friday, so I'm not trying too hard for large pips today. My account has been going up and down but mostly down. Definitely still need to do a lot more practices with backtesting. I find I learn a lot better while on my live account than on demo. My entries have been getting better...
Hi evilmechy,

That is positive mental attitude. Good sign of development.

Good Trading.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,147
  • Jul 19, 2013 4:25am Jul 19, 2013 4:25am
3 Trades today
ej +25
uj +20
eu -8 I dont know what I was thinking on eu tdi was heading down just a mistake got out at the top of the channel
Trade what you see .
  • #22,148
  • Jul 19, 2013 4:26am Jul 19, 2013 4:26am
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Trade what you see .
  • #22,149
  • Jul 19, 2013 4:34am Jul 19, 2013 4:34am
Quoting evilmechy
When the 15m closed red, I moved to BE and then got stopped out. I just didn't really feel good with it testing the top 3 times and coming back but not able to touch it again after. At least I didn't lose on that one.
I think you did the right thing. See my long EU trade at 07:30 GMT (edit: should be 06:30 GMT because of summer time?). Price didn't want to go higher and I decided to close that trade BE. Though I didn't go short I expected EU would go down and therefore there was also no long EJ for me.
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  • #22,150
  • Jul 19, 2013 4:35am Jul 19, 2013 4:35am
Quoting dano858
{image}{image}{image}
dano858,

EJ and UJ ... good trades.

your EU shows 3xATR(20) as 27pips, why not use that to manage your trade scale out .

Good Trading

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,151
  • Jul 19, 2013 4:43am Jul 19, 2013 4:43am
I use lower range on uj and eu and ej alittle higher. my thinking is about 25% of the daily adr for a year.
working my take profit higher slowly..
every week is been profitable about 100 to 200 pips a week
Thanks for all your posts I have been following yours and Ph62 posts. They have helped me out alot!!!!!!!
Trade what you see .
  • #22,152
  • Jul 19, 2013 5:37am Jul 19, 2013 5:37am
Quoting emmanuel7788
EJ M5 the last 3 M5 close nice. now we wait and see how this M15 will close... green or red. {image}
Hello Emmanuel,

First I want to thanks for your contribution and you're willing to help all TMS trader here. But I have a suggestion that we should limit discussion on lower TF (M15 and especially M5) because it have a lot of noise and hard for new trader (like me) to following.. And we're fading the purposes of own master. If you don't satisfaction with this post just irnorge it.

Thanks you,
  • #22,153
  • Jul 19, 2013 6:00am Jul 19, 2013 6:00am
Quoting Pervis
{quote} Hello Emmanuel, First I want to thanks for your contribution and you're willing to help all TMS trader here. But I have a suggestion that we should limit discussion on lower TF (M15 and especially M5) because it have a lot of noise and hard for new trader (like me) to following.. And we're fading the purposes of own master. If you don't satisfaction with this post just irnorge it. Thanks you,
not to cause argument but my vote is to carry on as we are as i believe the ltf are the way into the longer trends with smaller stop loss.
please emmanuel do not stop.
you do not have to follow everything on this thread.
  • #22,154
  • Jul 19, 2013 6:12am Jul 19, 2013 6:12am
Quoting Pervis
{quote} Hello Emmanuel, First I want to thanks for your contribution and you're willing to help all TMS trader here. But I have a suggestion that we should limit discussion on lower TF (M15 and especially M5) because it have a lot of noise and hard for new trader (like me) to following.. And we're fading the purposes of own master. If you don't satisfaction with this post just irnorge it. Thanks you,

Pervis,

No problem with me. I can stop posting here.

You missed the point in what I use M15 and M5 for refining H1 trade setups entries. I am not trading M15 nor M5. If I wabt to trade M15, the LE1 thread is where traders are.
M15 and M5 is scalping and if there are member who wants to scalp TMS, that can be done quite easily... noise or no noise, market moves in waves. Small waves, big waves, it is up to traders to see the waves for themselves. and know where their support and resistance are.

Take care.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,155
  • Jul 19, 2013 8:04am Jul 19, 2013 8:04am
Quoting emmanuel7788
{quote} Pervis, No problem with me. I can stop posting here. You missed the point in what I use M15 and M5 for refining H1 trade setups entries. I am not trading M15 nor M5. If I wabt to trade M15, the LE1 thread is where traders are. M15 and M5 is scalping and if there are member who wants to scalp TMS, that can be done quite easily... noise or no noise, market moves in waves. Small waves, big waves, it is up to traders to see the waves for themselves. and know where their support and resistance are. Take care. regards, EMMANUEL
Hello Emmanuel,

Don't miss understand me, please! If I have ability to vote, sure that you'll be the first one I voting for. But adhere I just wishing you focus on HTF (at least H1..), I also remember that you had advise us to trade at H4 TF. Is it right?
Some day ago, I was read your post related to LTF. When looking for M5, I can not amazing... the ware up & down like made... It make me fearing and very confusing.
I never have jurisdiction to direct you post this one or another... Is it correct?
If you take a minute to recall my post for you that I was & will follow every your post. Again, I just WISHING discussion on HTF hence I can easy to follow you, not anything else..
  • #22,156
  • Jul 19, 2013 8:06am Jul 19, 2013 8:06am
Opened a trade on GY, failure to break todays high and BEEB near that highand TDI cross.

M15 also showed a break of recent range and cross of TDI.

Probably a countertrend trade looking at yesterdays strong UT.

A good trade?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpjpym15.png Size: 34 KB
  • #22,157
  • Jul 19, 2013 9:27am Jul 19, 2013 9:27am
Wow!!!! I love it I love. It works. I just made 40pips within a day.Thanks a lot Eelfrans(",

Quoting eelfranz
Is that possible? Yes. Years ago when I retired I was looking for something to do. I attended a free local presentation about trading FX. My mind said "We can do that and make money too... from the recliner"... so the torture began as happens to all newbies... I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price. Man... I'm on my way I thought. It was so difficult to understand and trade that I never made a dime... in fact I lost most of the time. When I called the companyit was all Greek to me... I thought a...
Be the dragon master...
  • #22,158
  • Jul 19, 2013 9:53am Jul 19, 2013 9:53am
Joe Dinapolie Interview. Very Good!
Have a nice weekend.

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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,159
  • Jul 19, 2013 9:54am Jul 19, 2013 9:54am
Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,160
  • Jul 19, 2013 9:54am Jul 19, 2013 9:54am
Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
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