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  • #29,861
  • Jan 26, 2014 7:01pm Jan 26, 2014 7:01pm
Hi.

I'm wondering what pairs do you trade these days with TMS method? I'm doing my demo on EU and EJ and it feels like EU is a lot more difficult to trade. At least during my demo period.
Everything you can imagine, is real - Pablo Picasso
  • #29,862
  • Jan 26, 2014 7:05pm Jan 26, 2014 7:05pm
Quoting emmanuel7788
{quote} Fx94: I have done mine the same way. Those are MN price swing levels, so when we see them on lower timeframes like D and H4, the price action may trade around these lines +/= 50pips to 100pips for this pair. We look for CONFLUENCE of other support and resistance around these levels and also recent support and resistance on D chart. Trading the H4 charts, I will also look at the Weekly Open level, and the Prev Week OHLC and Fib-r 50%. The Fib-r 50% is a common level where we look for selling aciivity. We should expect profit taking today...
My EJ BPP also looks very similar to Emmanuel in terms of the R/S lines drawn.

My expectation is a 50% retracement of previous week to around the 141 level then the downtrend to resume to around 139.04-139.35 level.

Although EJ had a pin bar on D chart yesterday..emmanuel would this be enough to change your bias if D close above?
Attached File(s)
File Type: tpl euryen.tpl   9 KB | 363 downloads
  • #29,863
  • Jan 26, 2014 7:22pm Jan 26, 2014 7:22pm
Quoting Direwolf
Hi. I'm wondering what pairs do you trade these days with TMS method? I'm doing my demo on EU and EJ and it feels like EU is a lot more difficult to trade. At least during my demo period.
EU has been god awful for months now.... I trade EJ primarily, GU occasionally... before I also used to trade EA a little...
  • #29,864
  • Jan 26, 2014 7:30pm Jan 26, 2014 7:30pm
Hmm what do you think happened to EU? It seemed to be the primary pair everyone traded just a few years ago.
Everything you can imagine, is real - Pablo Picasso
  • #29,865
  • Jan 26, 2014 9:18pm Jan 26, 2014 9:18pm
Hello Everybody!
Straight to the point with a quick question!
Is anyone running FXDD successfully on a iMac? I Have MT4 demo account with a different broker running fine, but I wanna replicate as much as possible from this brilliant method and thread.

A little about me... Im from Sydney Australia Im a complete rookie when it comes to this!! I have a can do attitude and I really want to get amongst this.
Really going to embrace this method and follow it very very closely.
Thanks Everyone

Bruno
  • #29,866
  • Jan 27, 2014 12:08am Jan 27, 2014 12:08am
Hi BapRotary,

Try VantageFX. I use them only because they have MT4 on Mac and I am not very techy. I know there are other ways to get MT4 on Mac but I tried this and was really easy.

Hope it helps.

Quoting BrapRotary
Hello Everybody! Straight to the point with a quick question! Is anyone running FXDD successfully on a iMac? I Have MT4 demo account with a different broker running fine, but I wanna replicate as much as possible from this brilliant method and thread. A little about me... Im from Sydney Australia Im a complete rookie when it comes to this!! I have a can do attitude and I really want to get amongst this. Really going to embrace this method and follow it very very closely. Thanks Everyone Bruno
  • #29,867
  • Jan 27, 2014 1:27am Jan 27, 2014 1:27am
EJ H1 27 Jan:

Took 3 hours to break a recent support truned resistance... and a nice small IB breakout
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 27 Jan H1 break level.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,868
  • Jan 27, 2014 1:36am Jan 27, 2014 1:36am
Quoting emmanuel7788
EJ H1 27 Jan: Took 3 hours to break a recent support truned resistance... and a nice small IB breakout {image}

I´m also long here because of god h4 tdi cross, second blue candle, close above the yellow line and support found at MN 139.610.

Made no + 33 pips....very good start in the week
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h4-ibfx-australia-pty.png Size: 62 KB
  • #29,869
  • Jan 27, 2014 1:40am Jan 27, 2014 1:40am
Quoting Fx94
{quote} I´m also long here because of god h4 tdi cross, second blue candle, close above the yellow line and support found at MN 139.610. Made no + 33 pips....very good start in the week {image}

very nice ...

now we watch it hit 141.00 that's where D 10EMA is today
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,870
  • Jan 27, 2014 1:45am Jan 27, 2014 1:45am
Quoting emmanuel7788
{quote} very nice ... now we watch it hit 141.00 that's where D 10EMA is today

What about the German Ifo Business Climate in about more than an hour ?
  • #29,871
  • Jan 27, 2014 1:52am Jan 27, 2014 1:52am
GU H1 27 Jan FO fakey:

once again we play with recent support and resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: GU H1 27 Jan FO fakey.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,872
  • Jan 27, 2014 1:53am Jan 27, 2014 1:53am
Nice start of the week. First E/J trade on H1. Closed at +52 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 50 KB
  • #29,873
  • Jan 27, 2014 1:53am Jan 27, 2014 1:53am
Quoting Fx94
{quote} What about the German Ifo Business Climate in about more than an hour ?

countrend trade ... take and run....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,874
  • Jan 27, 2014 2:19am Jan 27, 2014 2:19am
Quoting hoperich
Nice start of the week. First E/J trade on H1. Closed at +52 pips {image}
Nice trade mate, well done
Give yourself a chance and trade it like it's layed out...
  • #29,875
  • Edited 2:44am Jan 27, 2014 2:21am | Edited 2:44am
AU H1 27 Jan LO:

Looks like a double top ... and potential for a MC breakout for trend continuation

Edit: add chart

Attached Image (click to enlarge)
Click to Enlarge Name: AU H1 27 Jan LO double top.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,876
  • Edited 2:40am Jan 27, 2014 2:29am | Edited 2:40am
Quoting hoperich
Nice start of the week. First E/J trade on H1. Closed at +52 pips {image}

I don't think that 2 H1 candles you marked can be considered as double bottom.

technically , for a double bottom, the first candle should be bearish and then the following candle should be bullish.

read up on double bar low higher close....

Attached Image



use the schematic diagram and learn to spot these on live charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,877
  • Jan 27, 2014 2:30am Jan 27, 2014 2:30am
Is this a LO fakey candle??
Attached Image (click to enlarge)
Click to Enlarge Name: LO.png Size: 17 KB
Give yourself a chance and trade it like it's layed out...
  • #29,878
  • Jan 27, 2014 2:36am Jan 27, 2014 2:36am
Quoting Bizzzle
Is this a LO fakey candle?? {image}
Could be, but we have 25 min. to close from now on.
Btw. the formation is forming to a 3 bar bearish pattern.

EURJPY H1 tried to catch the move up at FO time. Stopped out B/E on the downmove
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-27 09.40 EURJPY GMT+1.png Size: 145 KB
fxFox (all times in my charts are GMT+1)
  • #29,879
  • Jan 27, 2014 2:43am Jan 27, 2014 2:43am
Quoting fxFox.mb
{quote} Could be, but we have 25 min. to close from now on.
This is why it important to wait for the candle to close
Give yourself a chance and trade it like it's layed out...
  • #29,880
  • Jan 27, 2014 2:53am Jan 27, 2014 2:53am
Quoting Bizzzle
Is this a LO fakey candle?? {image}
thats the Tokyo close candle,

clearing stops perhaps, then after TOK close, it decide the London direction
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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