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  • #23,021
  • Aug 12, 2013 6:50am Aug 12, 2013 6:50am
My EURUSD trades. Entered position at the light skyblue vertical line. SL moved to BE+8.... Only added one position because I am still holding my last week position which I also moved to BE+10
Attached Image (click to enlarge)
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  • #23,022
  • Aug 12, 2013 6:56am Aug 12, 2013 6:56am
Quoting FxLapozi
Trade entered. SL 70, TP 100-200... 3/3 positions {image}
Nice call on your AU... just entered a short as well
.... laughing all the way to the bank
  • #23,023
  • Aug 12, 2013 7:01am Aug 12, 2013 7:01am
Quoting itsallover
{quote} Nice call on your AU... just entered a short as well
Hi there, I am new. Still in learning stage. Hoping to learn much from you all.

The reason why I entered the trades are because USD has been strong all day long today and the fact that it was above 68 in TDI and direction pointing to 4-6o clock makes it a good position to enter short.

Anyway, I am keeping an eye on the trades because anything can happen in NY session.
  • #23,024
  • Aug 12, 2013 7:05am Aug 12, 2013 7:05am
Quoting FxLapozi
{quote} Hi there, I am new. Still in learning stage. Hoping to learn much from you all. The reason why I entered the trades are because USD has been strong all day long today and the fact that it was above 68 in TDI and direction pointing to 4-6o clock makes it a good position to enter short. Anyway, I am keeping an eye on the trades because anything can happen in NY session.
There was also a rejection of Yesterdays High on AU making a case for short . My short was just a continuation of the trend on H4.
.... laughing all the way to the bank
  • #23,025
  • Aug 12, 2013 7:13am Aug 12, 2013 7:13am
do the support and resistance levels play a role?
Come tomorrow, I'll wake up new
  • #23,026
  • Aug 12, 2013 7:23am Aug 12, 2013 7:23am
Quoting gsbharaj
do the support and resistance levels play a role?
What do you think?
.... laughing all the way to the bank
  • #23,027
  • Aug 12, 2013 7:27am Aug 12, 2013 7:27am
Quoting itsallover
{quote} What do you think?
yup they do play a role.
Come tomorrow, I'll wake up new
  • #23,028
  • Aug 12, 2013 7:29am Aug 12, 2013 7:29am
Quoting FxLapozi
My EURUSD trades. Entered position at the light skyblue vertical line. SL moved to BE+8.... Only added one position because I am still holding my last week position which I also moved to BE+10 {image}
Daily chart seems to suggest that EURUSD downfall is just the beginning. If the day bar close below EMA and crossing the red, I will hold my position but I will update my SL according from time to time to lock on some profits.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (DAILY).png Size: 25 KB
  • #23,029
  • Aug 12, 2013 7:38am Aug 12, 2013 7:38am
just entered short. hope i am doing it correctly
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Click to Enlarge Name: Screenshot1.png Size: 28 KB
Come tomorrow, I'll wake up new
  • #23,030
  • Aug 12, 2013 7:42am Aug 12, 2013 7:42am
Quoting gsbharaj
just entered short. hope i am doing it correctly {image}
I am of the same view which is why I think I am going to hold my position for a while. Where you put your stop? Make sure the R:R ratio is worth it.
  • #23,031
  • Aug 12, 2013 7:47am Aug 12, 2013 7:47am
Quoting FxLapozi
Trade entered some few hours ago. Results not as promising. H1 there seems to be a strong resistance. 3/3 positions with 23++pips... Might close all trades in the nex hours if no strong movement when US sessions open.... SL moved to BE {image}
Resistance at H4 for my USDJPY trades. Might look to close them soon.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY h4.png Size: 20 KB
  • #23,032
  • Aug 12, 2013 7:50am Aug 12, 2013 7:50am
Hi everyone,

today i took a short trade on the green line (EJ, second candle in the London Session), based on:

- trend line rejection
- EMA rejection
- pullback on FO
- inside bar on LO

waited for the break of LO and entered...

Exited manually with a loss of 17 pips.

What do you think about this setup?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_H1_strategy name_20130812152640.JPG Size: 106 KB
  • #23,033
  • Aug 12, 2013 8:15am Aug 12, 2013 8:15am
Quoting FxLapozi
{quote} Resistance at H4 for my USDJPY trades. Might look to close them soon. {image}
It's a nice double bottom though, I've pulled SL in to bottom of previous HA 4H candle. 'see what happens.
Don't ask me, I have no idea what's going on.
  • #23,034
  • Aug 12, 2013 8:17am Aug 12, 2013 8:17am
I have entered short in NZDUSD at the opening of H$ candle. The next H4 candle just opened few minites before forming a hook in TDI green. Should I exit the trade or continue to wait for the next H4 candle. Same is the case with my short entry in AUDUSD as well as AUDCAD. Can some one experienced here give me advise why these trades are going against the entries made as per the rule book. I have come across similar situation last week in NZDUSD short entry hitting my stop loss well above the recent higher high few candles before.

Looking for comments from you guys experienced in TMS.

FxOptimu$

Note : I had couple of trades hitting 100 pips take profit as well last week using TMS.
Attached Image (click to enlarge)
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  • #23,035
  • Aug 12, 2013 8:18am Aug 12, 2013 8:18am
Just entered short in uj. 1H candle has not closed obv, but it had just touched yesterday's high and tdi green line has crosed red. In M15 3 bars going down. TP in yesterday's low, let's see.....
Attached Image (click to enlarge)
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  • #23,036
  • Aug 12, 2013 8:33am Aug 12, 2013 8:33am
Quoting Gizzledonk
{quote} It's a nice double bottom though, I've pulled SL in to bottom of previous HA 4H candle. 'see what happens.
SL moved to BE+1 now. It looks like it's going for a little retrace before going to test 96.75 again
  • #23,037
  • Aug 12, 2013 8:56am Aug 12, 2013 8:56am
Quoting Fx-optimus
I have entered short in NZDUSD at the opening of H$ candle. The next H4 candle just opened few minites before forming a hook in TDI green. Should I exit the trade or continue to wait for the next H4 candle. Same is the case with my short entry in AUDUSD as well as AUDCAD. Can some one experienced here give me advise why these trades are going against the entries made as per the rule book. I have come across similar situation last week in NZDUSD short entry hitting my stop loss well above the recent higher high few candles before. Looking for comments...
Hello Optimus, I'm not that experienced however I figured I'd give you my take. The NZD/USD have a nice move up since 8/5 with hardly any retracements. It does appear that it is rolling over, however it has been a chopfest looking at the 4 hr chart just as it did back on 7/25-7/29. Looking at the chart and TDI, I suspect there might be a bounce play coming where the green will come back and touch the red and turn back down.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 29 KB
  • #23,038
  • Aug 12, 2013 9:12am Aug 12, 2013 9:12am
Quoting emmanuel7788
{quote} His Risk:Reward is 1:1 with 50pips SL and 50pips TP is somemthing to consider why he trade the way he does everyday. You need a high win rate and consistency too to remain profitable. These factors is behind the way he trades. Trade well folks.
I would agree with that if his was an actual stop loss of 50 and not an emergency stop loss, but going by his posts his actual average stop loss probably only works out to around 14-16 pips with an average take profit of 50 so more like a 1:3 R:R.
  • #23,039
  • Aug 12, 2013 9:27am Aug 12, 2013 9:27am
Quoting tradernole
{quote} Hello Optimus, I'm not that experienced however I figured I'd give you my take. The NZD/USD have a nice move up since 8/5 with hardly any retracements. It does appear that it is rolling over, however it has been a chopfest looking at the 4 hr chart just as it did back on 7/25-7/29. Looking at the chart and TDI, I suspect there might be a bounce play coming where the green will come back and touch the red and turn back down. {image}
Thanks. I appreciate your analysis. With that in mind I entered short on Friday and got my stop loss hit. Today again the same situation. I wonder whether anything I missed in this entry. This can happen to any pair and the system itself has some drawback which I need to study closely.

Anybody else out there can help me out to figure out what is wrong and what I should learn from this. Common buddies respond.

FxOptimu$
  • #23,040
  • Aug 12, 2013 9:34am Aug 12, 2013 9:34am
Quoting heispark
EU looks interesting.....
EU is still brewing or already lost opptunity... Very boring.
I took NU Buy again at around 10 pips below D-pivot and it moved +20 so far. Moved SL to BE and i am going to bed. Have a nice day, all.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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