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  • #28,721
  • Edited 4:00am Jan 7, 2014 2:24am | Edited 4:00am
Quoting emmanuel7788
EJ H1 Frankfurt Open: {image} Any reason(s) not to take this setup?
It will be interesting to read your views of this trade in due course. For me its a tricky one, pros and cons for sell or not.

Pro's - I don't see a strong D support area until 141-ish.

Cons - D has closed negative for the last two days with lower wicks (ON NORMAL CANDLES) and the move below Fri's low rejected. Asian session did not move lower and that's not a good sign. The lower high lower low flow is a mess and not probably what you'd like to see with Fris low around 142 close.

One of those trades where I'd either leave, or if taken grab partial profit at 142 moving stop on balance closer to BE, or wait for a 1hr lower high most likely heading into US session to confirm flow down.
  • #28,722
  • Jan 7, 2014 2:27am Jan 7, 2014 2:27am
Quoting emmanuel7788
EJ H1 Frankfurt Open: {image} Any reason(s) not to take this setup?
Hi Emmanuel, all the best for 2014

My twopence worth... I wouldnt take this trade due to:

  1. The price seems to be in an area of consolidation so reversal of trend to go against me is slightly more possible
  2. Price sitting just above the previous weeks low
  3. Rising market baseline, prefer to see baseline in the direction of my trade
  4. I would prefer to see trade signal & price line below market baseline for sell (but would ignore this if the set up was better)

since i dont have enough boxes ticked id be on the sidelines with this one.

Regards

By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #28,723
  • Jan 7, 2014 2:35am Jan 7, 2014 2:35am
Quoting emmanuel7788
{quote} {image} {quote} {quote} Hey Folks, Only geomoon and Gareth22 made the effort to discuss this EJ setup post. Thanks guys. That's very disappointing with this low participation rate. Please make the effort and think and then share your view. It is not about being correct or wrong. Never mind if you think your English is not good enough to write a post reply. Simply post your chart, write in your native language -be it French, Spanish, German, Italian, Flemish, Hindi, Udu ... any thing will do. This EJ post is a special one and that's the main...

Hi Emmanuel

Thanks for your continuous support, and best wishes for 2014.

My view on this setup, is a NO setup as is a risky setup.
MBL is strongly up trend, as TDI is above 50 line, there is also a TL support line.

I thing this is enough for me not to take the trade.

Take care
  • #28,724
  • Jan 7, 2014 2:39am Jan 7, 2014 2:39am
Quoting emmanuel7788
EJ H1 Frankfurt Open: {image} Any reason(s) not to take this setup?
Hi,

I will not take this setup as in my H4 chart, the candles are within the WRB.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 43 KB
  • #28,725
  • Jan 7, 2014 2:47am Jan 7, 2014 2:47am
Emmanuel EUR/AUD
Don’t ever let someone tell you that you can’t do something.
  • #28,726
  • Jan 7, 2014 3:04am Jan 7, 2014 3:04am
Quoting emmanuel7788
EJ H1 Frankfurt Open: {image} Any reason(s) not to take this setup?
The +'s
- Weekly bias is bearish that's one +
- We have had a little retrace of that down move that's an other little + ( only little because correction was small )

The -'s
- Price is ranging or very small waves, getting smaller in fact ( Alarm break-out )
- Contra TDI MBL & 50
- Volume ranging ( Alarm break-out )

If price breaks up target +-143.30 as TP1
If price breaks down target +-141 as TP1
If we are not sure, we stay out
Don’t ever let someone tell you that you can’t do something.
  • #28,727
  • Jan 7, 2014 3:05am Jan 7, 2014 3:05am
Quoting emmanuel7788
EJ H1 Frankfurt Open: {image} Any reason(s) not to take this setup?
Thank you Emmanuel for this quiz, and all the best for 2014.
I would not take this trade, because for a start it is Frankfurt open and NOT London open. This is just a rule I have for myself. Also 142.00 is too close. The tdi is is above the market base line. Also this market base line is upward sloping.

regards
  • #28,728
  • Jan 7, 2014 3:20am Jan 7, 2014 3:20am
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 28 KB


My trade on silver on 4 hourly charts.

Any comments?
I am not random, U just can't think as fast as me....
  • #28,729
  • Jan 7, 2014 3:25am Jan 7, 2014 3:25am
Classic TMS trade;

GBP/USD 1 Hr

Easy 30 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: TMS GBPUSD.png Size: 24 KB
  • #28,730
  • Jan 7, 2014 3:26am Jan 7, 2014 3:26am
Quoting emmanuel7788
{quote} {image} {quote} {quote} Hey Folks, Only geomoon and Gareth22 made the effort to discuss this EJ setup post. Thanks guys. That's very disappointing with this low participation rate. Please make the effort and think and then share your view. It is not about being correct or wrong. Never mind if you think your English is not good enough to write a post reply. Simply post your chart, write in your native language -be it French, Spanish, German, Italian, Flemish, Hindi, Udu ... any thing will do. This EJ post is a special one and that's the main...
I would not take this trade as the h4 chart is within a MC and I would wait for the BO form that before making any decision to trade EY, although possibly there is/was the opportunity to scalp on lower TF for 15-10 pips.

It is also right before FO and LO, and I would not take the trade until after LO.

Also a series of HL have been made. Although to me the market is ranging/consolidating.

I may be biased towards the H4 chart now as this is what I am concentrating on trading and learning at the moment.
  • #28,731
  • Jan 7, 2014 3:56am Jan 7, 2014 3:56am
I would like price to push up to 1,6475 before we can short it
Attached Image (click to enlarge)
Click to Enlarge Name: TMS207-01-2014.png Size: 109 KB
Don’t ever let someone tell you that you can’t do something.
  • #28,732
  • Jan 7, 2014 4:31am Jan 7, 2014 4:31am
Quoting emmanuel7788
{quote} {image} {quote} {quote} Hey Folks, Only geomoon and Gareth22 made the effort to discuss this EJ setup post. Thanks guys. That's very disappointing with this low participation rate. Please make the effort and think and then share your view. It is not about being correct or wrong. Never mind if you think your English is not good enough to write a post reply. Simply post your chart, write in your native language -be it French, Spanish, German, Italian, Flemish, Hindi, Udu ... any thing will do. This EJ post is a special one and that's the main...
Set up is just after two inside bars so we should wait for breakout to enter in this trade.
  • #28,733
  • Edited 6:39am Jan 7, 2014 4:57am | Edited 6:39am
TMS Traders FYI,

In regard to s/r, I have observed how price often respects the median price (dashed line between Yesterdays High and Yesterdays Low) and acts as support and or resistance. Below chart is the EU 1hour. You can use the attached SCRIPT by downloading into your script files, drag it onto your chart and then delete the high/low lines if you wish and just leave the median line, or use the script itself. If you change t/f's or currencies on that chart, you should drag it onto your chart again to refresh. To delete unwanted lines, just click on that line, make it active and delete.

Price will return to equilibrium. (The state in which market supply and demand balance each other and as a result, prices become stable) Even though we trade our charts with TMS, consideration that price will always be attracted back to equilibrium like a magnet, could be helpful considering the distance it is from that point. Just watch it on a hourly chart and see how price hangs around or returns.

Just my 2 cents!
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jan. 07 05.49.gif Size: 16 KB
Attached File(s)
File Type: ex4 S&R mapping (1).ex4   5 KB | 504 downloads
File Type: mq4 S&R mapping (1).mq4   4 KB | 627 downloads
Keep It Simple
  • #28,734
  • Jan 7, 2014 4:58am Jan 7, 2014 4:58am
Quoting Imi
{quote} here you go.. {file}
Thank you

And thanks emmanuel for explaining.
  • #28,735
  • Jan 7, 2014 5:51am Jan 7, 2014 5:51am
Could one of the TMS experts take a look at NZD/USD, on the hour chart and tell me if they think this would be a valid set up.
Sorry i can`t post a chart at the moment, thank you,

Shane.
  • #28,736
  • Edited 6:39am Jan 7, 2014 6:18am | Edited 6:39am
Quoting spiritboy
Could one of the TMS experts take a look at NZD/USD, on the hour chart and tell me if they think this would be a valid set up. Sorry i can`t post a chart at the moment, thank you, Shane.
I don't Trade hourly or this pair but I wouldn't take the trade:

LO there is a pullback candle and very high probability that it will be LOD.

It can very close to the 61.8 fib and couldn't close below.

TDI Green is under red but not under yellow. Also they are all very close to the 50 line which suggests a ranging market!

That just what I see, best of luck.
Attached Image (click to enlarge)
Click to Enlarge Name: NU.png Size: 36 KB
Give yourself a chance and trade it like it's layed out...
  • #28,737
  • Jan 7, 2014 6:24am Jan 7, 2014 6:24am
Quoting spiritboy
Could one of the TMS experts take a look at NZD/USD, on the hour chart and tell me if they think this would be a valid set up. Sorry i can`t post a chart at the moment, thank you, Shane.
No expert but my opinion:

My bias this week = Bullish
Price on 1H ranging

I would stay out
Don’t ever let someone tell you that you can’t do something.
  • #28,738
  • Jan 7, 2014 7:13am Jan 7, 2014 7:13am
Quoting Bizzzle
{quote} I don't Trade hourly or this pair but I wouldn't take the trade: LO there is a pullback candle and very high probability that it will be LOD. It can very close to the 61.8 fib and couldn't close below. TDI Green is under red but not under yellow. Also they are all very close to the 50 line which suggests a ranging market! That just what I see, best of luck. {image}
Appreciate the replies Bizzle and Armacon, i took the trade on the 15 minute time frame on the first bearish candle at 82965 and exited at 82817
I initially took the trade on an instinct triple top on the hour chart. Wish i had stayed in now, will try and post charts next time more on the TMS method.
Thank you again,
Shane.
  • #28,739
  • Jan 7, 2014 7:20am Jan 7, 2014 7:20am
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 37 KB


Closed at 72 pips profit
I am not random, U just can't think as fast as me....
  • #28,740
  • Jan 7, 2014 8:03am Jan 7, 2014 8:03am
Quoting emmanuel7788
{quote} {image} {quote} {quote} Hey Folks, Only geomoon and Gareth22 made the effort to discuss this EJ setup post. Thanks guys. That's very disappointing with this low participation rate. Please make the effort and think and then share your view. It is not about being correct or wrong. Never mind if you think your English is not good enough to write a post reply. Simply post your chart, write in your native language -be it French, Spanish, German, Italian, Flemish, Hindi, Udu ... any thing will do. This EJ post is a special one and that's the main...
I wouldn't have taken the trade due to market consolidation and master candle where price hasn't broken out of.
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Eod