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  • #25,201
  • Sep 18, 2013 2:53am Sep 18, 2013 2:53am
Had 2 trades yesterday, ej at breakeven and u/c for 30 pips. Missed Nzd/usd and I'm pissed, what an obvious trade there yesterday. Today I see nothing so far but I'm eyeing GBP/CAD, went up touched resistance and is making an inverted hammer H1 chart. Can get away with 20 pip sl with 40+ TP.

Edit: eh news in 30 mins. . .
  • #25,202
  • Sep 18, 2013 2:57am Sep 18, 2013 2:57am
EURGBP 4H ...

looking to sell, but there is news....hmmm
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,203
  • Sep 18, 2013 3:07am Sep 18, 2013 3:07am
Quoting Bangokar
i think there is no buyers at all on eur
wait till we see a WRB .... Wide Range Bar
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,204
  • Sep 18, 2013 3:16am Sep 18, 2013 3:16am
Quoting emmanuel7788
EURGBP 4H ... looking to sell, but there is news....hmmm

i sold one yesterday on the top, channel trendline and one more today. i will cut losses if will turn againts me

usd jpy from yesterday as well short
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdjpy-proh1.png Size: 47 KB
  • #25,205
  • Edited 3:29am Sep 18, 2013 3:24am | Edited 3:29am
Hello everyone , I am new to forex and trading , find out about TMS couples of months back(3 months i guess) since then reading and learning and being silent,,
still in process of reading the whole thread still 300+ pages (900 still to read) but its worth it.

hey emmanuel7788 after reading your posts regarding PA specifically Mother Candles , I took one trade this morning (after London open ) in E/J 1H

Please look at my charts and criticize me ,
I took this trade bcause of TDI and PA (Mother candle) , It was a candle no.1

heres my chart

I think i exited prematurely i should hav hold on to it because of TDI didnt give any sell signal , though i exited because i thought its enough pips .... what would any senior specially emmanuel7788 would do ???
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 39 KB
  • #25,206
  • Sep 18, 2013 3:28am Sep 18, 2013 3:28am
eur/jpy a lot off channels playing this week. well see if they will pay one again. if not that's trading. cuting losses is the key
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-proh1.png Size: 49 KB
  • #25,207
  • Sep 18, 2013 3:46am Sep 18, 2013 3:46am
why is so quite here. i think there is a little of momemtum
  • #25,208
  • Sep 18, 2013 3:52am Sep 18, 2013 3:52am
EURGBP 18 Sep 4H trade:

MC breakout with TDI confirmation.
1R trade for sure ...

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP 18 Sep 4H trade 18-9-2013 4-47-59 PM.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,209
  • Sep 18, 2013 3:53am Sep 18, 2013 3:53am
Quoting Bangokar
eur/jpy a lot off channels playing this week. well see if they will pay one again. if not that's trading. cuting losses is the key {image}

That is a good MC breakout trade after the previous H4 MC and DIB failed.....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,210
  • Edited 4:26am Sep 18, 2013 4:11am | Edited 4:26am
Quoting atiq84
Hello everyone , I am new to forex and trading , find out about TMS couples of months back(3 months i guess) since then reading and learning and being silent,, still in process of reading the whole thread still 300+ pages (900 still to read) but its worth it. hey emmanuel7788 after reading your posts regarding PA specifically Mother Candles , I took one trade this morning (after London open ) in E/J 1H Please look at my charts and criticize me , I took this trade bcause of TDI and PA (Mother candle) , It was a candle no.1 heres my chart I think...

atiq84,

That's very well done....

Now you learned one PA trading using Master Candle breakout and with TDI confirmation.

The next thing is to manage trades to maximum profits using R-Multiple method.

This EJ 4H trade has good potential to break lower. Remember the Day Inside Bar and that H4 MC which failed to break upwards.

When you can do 100 of such PA trades with an overall win of 2.3R, I will invite you to join my live trading room. That's is my promise.

Remember, PATIENCE is very important when we want to pick only the A+++ trade setups. Develop your 'third eye' to read PA. Its up there.

regards,
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 18 Sep 4H trade 18-9-2013 5-02-01 PM.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,211
  • Sep 18, 2013 4:30am Sep 18, 2013 4:30am
Quoting Sicarius
Had 2 trades yesterday, ej at breakeven and u/c for 30 pips. Missed Nzd/usd and I'm pissed, what an obvious trade there yesterday. Today I see nothing so far but I'm eyeing GBP/CAD, went up touched resistance and is making an inverted hammer H1 chart. Can get away with 20 pip sl with 40+ TP. Edit: eh news in 30 mins. . .

GBPCAD has a H4 Inside Bar breakout potential within a Master Candle. Did you see that?
That would easily give a 2R trade plus some bonus when MC breakout.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,212
  • Sep 18, 2013 4:37am Sep 18, 2013 4:37am
Big E' post#261 .... say "Look for consolidation ..."

so folks, how do you look for consolidation?

Inside Bar....
Master Candle ....

are just 2 types of Candlestick pattern which show market consolidation....

then look for Supp/Res ... that easy just use the real price bar OHLC they are all there on our charts. Just don't let the APB/HA hide them.

How many good trades do you need in one week of 5 trading days?
How about 5 trades per week, 3 wins and 2 losses, Each win is 2Rs and each loss is -1R.
Attached Image (click to enlarge)
Click to Enlarge Name: Big E Post_261.png Size: 147 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,213
  • Sep 18, 2013 4:54am Sep 18, 2013 4:54am
GBPUSD:

Attached Image (click to enlarge)
Click to Enlarge Name: GU MC example 18 Sep.png Size: 32 KB


what do you call that pattern?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,214
  • Sep 18, 2013 4:55am Sep 18, 2013 4:55am
Quoting emmanuel7788
{quote} atiq84, That's very well done.... Now you learned one PA trading using Master Candle breakout and with TDI confirmation. The next thing is to manage trades to maximum profits using R-Multiple method. This EJ 4H trade has good potential to break lower. Remember the Day Inside Bar and that H4 MC which failed to break upwards. When you can do 100 of such PA trades with an overall win of 2.3R, I will invite you to join my live trading room. That's is my promise. Remember, PATIENCE is very important when we want to pick only the A+++...
This is very interesting.
The way you present your chart is very clear and straightforward....
Thanks
  • #25,215
  • Sep 18, 2013 4:57am Sep 18, 2013 4:57am
Folks,

who wants to learn the next most effective Candlesticks pattern for TMS trading?

Tell me please.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,216
  • Sep 18, 2013 4:58am Sep 18, 2013 4:58am
Quoting emmanuel7788
GBPUSD: {image} what do you call that pattern?
Hi Emmanuel

to be sincere, i dont know the name of the pattern, but would like to learn.

could you point me to some book/website/reference where i can learn more about these patterns and how to trade them?
  • #25,217
  • Sep 18, 2013 5:06am Sep 18, 2013 5:06am
Quoting emmanuel7788
GBPUSD: {image} what do you call that pattern?
I'll give it a try, I see a Triple Inside Bar within a Mastercandle, and offcourse I want to learn what's the next most powerful pattern......
  • #25,218
  • Sep 18, 2013 5:23am Sep 18, 2013 5:23am
Quoting atiq84
Hello everyone , I am new to forex and trading , find out about TMS couples of months back(3 months i guess) since then reading and learning and being silent,, still in process of reading the whole thread still 300+ pages (900 still to read) but its worth it. hey emmanuel7788 after reading your posts regarding PA specifically Mother Candles , I took one trade this morning (after London open ) in E/J 1H Please look at my charts and criticize me , I took this trade bcause of TDI and PA (Mother candle) , It was a candle no.1 heres my chart I think...

Hi atiq84: I've been reading this thread with great interest too. Nice trade you spotted there. I do like TDI only as a confirmation as Emmanuel said because the candle formations are most important. I really like your clean chart. What's the open/close indicator that you are using on the chart? Please let me know.... there are too many out there and I like this simple one. Best wishes and thanks!
  • #25,219
  • Sep 18, 2013 5:26am Sep 18, 2013 5:26am
we will see a breakout of the triangle pretty soon today

eur/usd
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB
Come tomorrow, I'll wake up new
  • #25,220
  • Sep 18, 2013 5:36am Sep 18, 2013 5:36am
Mother candle and inside bars

found this interesting article explaining the concept and how it can be traded :
http://www.learntotradethemarket.com...-forex-strateg
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