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Trading Made Simple

  • #25,241
  • Sep 18, 2013 10:02am Sep 18, 2013 10:02am
Quoting emmanuel7788
Folks, who wants to learn the next most effective Candlesticks pattern for TMS trading? Tell me please.

hope to learn from u too. thks
  • #25,242
  • Sep 18, 2013 10:34am Sep 18, 2013 10:34am
Big news coming up soon other ways Usd/Jpy is building up a great long position opportunity 1 Hour is almost ready and 4 Hour is bulding up. 4 hour 200 ema supports as well as daily and weekly trend
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Nothing is True Everything is Permitted
  • #25,243
  • Sep 18, 2013 11:15am Sep 18, 2013 11:15am
Quoting emmanuel7788
Folks, who wants to learn the next most effective Candlesticks pattern for TMS trading? Tell me please.
Want to learn from you. Thank you very much.
  • #25,244
  • Sep 18, 2013 11:19am Sep 18, 2013 11:19am
Quoting ogunx
Big news coming up soon other ways Usd/Jpy is building up a great long position opportunity 1 Hour is almost ready and 4 Hour is bulding up. 4 hour 200 ema supports as well as daily and weekly trend {image} {image}

i close my short positions and revers for long. i have profit target around 100 levevel to be retest
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  • #25,245
  • Sep 18, 2013 11:35am Sep 18, 2013 11:35am
entered long on eur/jpy %2 percent initial risk 50 pips SL 100 TP R:R 2 I use my own check list to determine the trade rate and risk percentage
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Nothing is True Everything is Permitted
  • #25,246
  • Sep 18, 2013 12:15pm Sep 18, 2013 12:15pm
Quoting Eureka
Emmanuel, I would also like to learn these candlestick patterns. Thank you for your offer
Me too .
Thx
Failure, is a wonderful teacher!
  • #25,247
  • Sep 18, 2013 1:06pm Sep 18, 2013 1:06pm
Quoting ogunx
entered long on eur/jpy %2 percent initial risk 50 pips SL 100 TP R:R 2 I use my own check list to determine the trade rate and risk percentage {image} {image}

i close that before news, i did well
  • #25,248
  • Sep 18, 2013 1:16pm Sep 18, 2013 1:16pm
Quoting emmanuel7788
Folks, who wants to learn the next most effective Candlesticks pattern for TMS trading? Tell me please.
I'm interested to learn.
ADY
  • #25,249
  • Sep 18, 2013 1:43pm Sep 18, 2013 1:43pm
Quoting emmanuel7788
Folks, who wants to learn the next most effective Candlesticks pattern for TMS trading? Tell me please.
count me in sir
I Have Learned to Take Some Losses to Make Profits
  • #25,250
  • Sep 18, 2013 2:16pm Sep 18, 2013 2:16pm
Quoting emmanuel7788
Folks, who wants to learn the next most effective Candlesticks pattern for TMS trading? Tell me please.


Please count me in.

Thanks for all your advice Emmanuel7788
  • #25,251
  • Sep 18, 2013 2:33pm Sep 18, 2013 2:33pm
Hello everyone, hope the FOMC news release worked in your favor or you at least reduced position size for this very important and market moving news release. I decided to stay out since it was too much of a gamble, however I was expecting the taper and I wouldve guessed wrong. Several pairs had nice TDI crosses on the 1 HR chart such as EUR/USD and USD/CAD for the 12 pm candle and it continued with the 1 pm giving a heads up of a weaker US Dollar. I'm still studying and attempting to learn this system and my biggest challenge is trying to read too much into the charts and letting my predictions cloud my judgement of what the charts are showing.
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  • #25,252
  • Sep 18, 2013 2:55pm Sep 18, 2013 2:55pm
Quoting emmanuel7788
Folks, who wants to learn the next most effective Candlesticks pattern for TMS trading? Tell me please.
Emmanuel,

Please, count me in, too. Hope i'm not too late...

Regards
  • #25,253
  • Sep 18, 2013 3:12pm Sep 18, 2013 3:12pm
Quoting emmanuel7788
Folks, who wants to learn the next most effective Candlesticks pattern for TMS trading? Tell me please.
I am very interested in learning.

Thank you.
  • #25,254
  • Sep 18, 2013 3:19pm Sep 18, 2013 3:19pm
Emmanuel,

I would like to learn from you.

Arnoud
  • #25,255
  • Sep 18, 2013 3:29pm Sep 18, 2013 3:29pm
hi is my first post here, I see Non-Farm Employment how can move the market but with FOMC Economic move 150 pips and more in my paris, Just I wanna know how to trade this big news ? is better open a trader before the news in the last swing S/R in direction of the main trend 4h / d1? or after the news? thanks
  • #25,256
  • Sep 18, 2013 3:53pm Sep 18, 2013 3:53pm
Quoting alasdeaguila
hi is my first post here, I see Non-Farm Employment how can move the market but with FOMC Economic move 150 pips and more in my paris, Just I wanna know how to trade this big news ? is better open a trader before the news in the last swing S/R in direction of the main trend 4h / d1? or after the news? thanks
In my opinion, I feel it is better to let the news come out and let the markets settle and then look for the trade instead of trying to predict beforehand. It is too much of a gamble and it can have wild swings both ways during major news releases along with the crazy pip spread you will experience. There are going to be many other setups which do not rely on the news releases. Its very easy to want to be on the right side of the trade for easy pips, however if you are wrong, it can substantially hurt your account and I dont feel it is worth the risk.
  • #25,257
  • Sep 18, 2013 4:05pm Sep 18, 2013 4:05pm
Quoting tradernole
{quote} In my opinion, I feel it is better to let the news come out and let the markets settle and then look for the trade instead of trying to predict beforehand. It is too much of a gamble and it can have wild swings both ways during major news releases along with the crazy pip spread you will experience. There are going to be many other setups which do not rely on the news releases. Its very easy to want to be on the right side of the trade for easy pips, however if you are wrong, it can substantially hurt your account and I dont feel it is worth...
I agree. Trading the news can drain a trading account in few minutes, and more importantly can cause serious psychological damage.
Yes, one can win but does it mean that winner trade(s) is based on a predefined plan...to me it is more scalping ups and downs...this creates bad habits(or brings back old bad habits we fight).
  • #25,258
  • Sep 18, 2013 5:00pm Sep 18, 2013 5:00pm
Quoting tradernole
{quote} In my opinion, I feel it is better to let the news come out and let the markets settle and then look for the trade instead of trying to predict beforehand. It is too much of a gamble and it can have wild swings both ways during major news releases along with the crazy pip spread you will experience. There are going to be many other setups which do not rely on the news releases. Its very easy to want to be on the right side of the trade for easy pips, however if you are wrong, it can substantially hurt your account and I dont feel it is worth...

thanks! you right you can make 10k to 20 in fews minutes if we are right in the trade but we can lost too, what to avoid ALL high impact NEWS or same of them? but about medium impact news? Hector DeVille says no trade 2 hours before the news and 30 minutes after, that is the way to go? I am demo for 7 months
  • #25,259
  • Sep 18, 2013 5:33pm Sep 18, 2013 5:33pm
Quoting Klops
eelfranz, With your 4hr nightly approach - according to the candles that you trade (10pm, 2am and 6am Pacific Time), you only trade the London session and close all your positions at 6:00am (PT)... just when New York is 0.5hr into its session and after the usual 5:30am(PT) U.S. news release. May I ask why? ...Is it because NY gives us frequent reversals?... Nice system! Thanks!
I live in London, london open 8 am to 5pm right , in what time should I trade this systems? thanks
  • #25,260
  • Sep 18, 2013 6:21pm Sep 18, 2013 6:21pm
Quoting alasdeaguila
{quote} I live in London, london open 8 am to 5pm right , in what time should I trade this systems? thanks
Good questions get asked all the time.

Answer:

We look at the market price. That's what we trade.
Therefore we can trade any time, all the time and every time.

Do you want to be a day trader, swing trader or position trader?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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