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  • #31,901
  • Mar 7, 2014 6:00am Mar 7, 2014 6:00am
SHI channel update...

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,902
  • Mar 7, 2014 6:07am Mar 7, 2014 6:07am
Quoting hugecat
Would this be a valid enter on UJ H4? {image}

There is a Wide Range Bar WRB and Master Candle, a sign of market consolidation. Week is bullish and previous days bullish, so we look for CONTINUATION setups.
Do not trade 4H swing in market consolidation. You can trade lower timeframe and scalp some pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,903
  • Mar 7, 2014 6:32am Mar 7, 2014 6:32am
I'm watching Scott Barkley's video recommended by Phx. His comment is very interesting.
"You want the ditch, go to forex factory. You want the real thing, I'm teaching you here"
Fun guy huh lol.
Everything you can imagine, is real - Pablo Picasso
  • #31,904
  • Mar 7, 2014 6:35am Mar 7, 2014 6:35am
Quoting Direwolf
{quote} Nice!. I'm in the same trade but haven't exit. Price retrace back to +10 pips now. H4 TDI crossing red line give me some hope it could still move down. update - out at +5. Too much pull back not looking good.
On NFP days we usually have only small trading ranges before the announcement. Additionally we had yesterday large moves on news of some pairs, so that we are in consolidation mode.
Because of that I targeted only 30 pips and was ready to close if the market wanted more than 2/3 of the pips back.
fxFox (all times in my charts are GMT+1)
  • #31,905
  • Mar 7, 2014 6:37am Mar 7, 2014 6:37am
Thanks for the tips FxFox!
Everything you can imagine, is real - Pablo Picasso
  • #31,906
  • Mar 7, 2014 6:39am Mar 7, 2014 6:39am
Quoting Direwolf
I'm watching Scott Barkley's video recommended by Phx. His comment is very interesting. "You want the ditch, go to forex factory. You want the real thing, I'm teaching you here" Fun guy huh lol.
I hear this one very often. forex coaches, gurus, ... using FF as their selling point.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,907
  • Mar 7, 2014 6:51am Mar 7, 2014 6:51am
SHi channel...
see what I mean.

Before:
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After:
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a new price high, the channel re-draws a new one.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,908
  • Mar 7, 2014 6:55am Mar 7, 2014 6:55am
After watching Scott Barkley's video I think there's no way we can use indicator to draw the channel for us EMU. Check it out I'm sure you'll get the idea right away.
Everything you can imagine, is real - Pablo Picasso
  • #31,909
  • Mar 7, 2014 7:09am Mar 7, 2014 7:09am
Quoting Direwolf
After watching Scott Barkley's video I think there's no way we can use indicator to draw the channel for us EMU. Check it out I'm sure you'll get the idea right away.

yes, I've seen the youtube video.
it is conventional way, first to detetmine a main trend line and then make a duplicate parallel line to that main trend line and ... bingo! we have a channel line.

SHi channel uses price fractals.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,910
  • Edited 7:57am Mar 7, 2014 7:21am | Edited 7:57am
I just woke up not to long ago to another 100 pips profit in my account thanks to my usdchf trade I took from yesterday. I just hauled in 467 pips at $30.00 per pip in just my first full week trading of discovering/Trading the TMS. I went 5/7 in trades with my two losing trades being complete noob mistakes. I would be up 507 pips for the week if I hadn't made those mistakes. However, 467 pips is nothing to sneeze at because I have just made more pips in 1 week then I have ever made in even an entire month of trading. Swing trading with TMS makes life so much easier. I'm no longer working for the market. The market is working for me.

The best benefit of all though is the fact my anxiety has all but gone away thanks to the set it and forget it approach. I have enough health problems as it is. I often felt before TMS that watching my money go up and down was making my health much worse even though I was making money. This method of trading is a godsend and there is no excuse not to make money if people stick to the rules.

I will need to get a wheel barrel soon. Once again thanks guys for helping me get the basics and make a ton of money for free. FF is the best money making forum in the world!

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MAY THE PIPS BE WITH YOU!
  • #31,911
  • Mar 7, 2014 7:50am Mar 7, 2014 7:50am
Quoting emmanuel7788
{quote} I hear this one very often. forex coaches, gurus, ... using FF as their selling point.
Yes its surprising how much that happens.
  • #31,912
  • Mar 7, 2014 7:54am Mar 7, 2014 7:54am
Mighty trade AS! Keep it coming!
Everything you can imagine, is real - Pablo Picasso
  • #31,913
  • Mar 7, 2014 7:56am Mar 7, 2014 7:56am
Quoting lastingwell
{quote}Yes its surprising how much that happens.

I actually fell for one of the traps for a "Guru" 8 years ago. It was the worst $3,500 I ever spent. Of course the guru stopping "guruing" once he got my money. They called everyday when they wanted my business as soon as they got it they cashed the check and went to another town selling their snake oil.
MAY THE PIPS BE WITH YOU!
  • #31,914
  • Mar 7, 2014 8:23am Mar 7, 2014 8:23am
thought it'd be nice to share the whipsaw song by ed seykota here coz melodies stick better...

Inserted Video


You get a whip and I get a saw, honey
You get a whip and I get a saw, babe
You get a whip and I get a saw

One good trend pays for 'em all.
Honey, trader, ba-by mine.

What do we do when we catch a trend, honey … etc.
We ride that trend right to the end.

What do we do when we show a loss, honey … etc.
We give that dag-gone loss a toss.

How do we know when our risk is right, honey … etc.
We make a lot of money and we sleep at night.

What do we do when the price breaks through, honey … etc.
Our stops are in so there's nothing to do.

What do we do when a draw down comes, honey
What do we do when it gets real big, babe
What do we do when it’s even bigger …
We stick to the plan and pull the trigger.

What do we do with a hot news flash, honey … etc.
We stash that flash right in the trash.

enjoy
  • #31,915
  • Mar 7, 2014 8:52am Mar 7, 2014 8:52am
Quoting Romaldos
{quote} you are trading on just four pairs?
Yeah, i have two charts per pair, one has TMS and the other is just candlesticks with TDI. The plan is to watch how a few pairs move and get familiar with them, then i will add others and learn them as well. I like sticking to the more popular pairs due to the simple fact that they move better.
  • #31,916
  • Mar 7, 2014 10:04am Mar 7, 2014 10:04am
Quoting emmanuel7788
{quote} Fx94: Looking at your chart, that blue candle is an BUOB bullish outside bar and also a WRB wide range bar. I am always cautious to trade after a WRB.... first sign of consolidation. Like what Big E said, look for consolidation ... then look for the setup.

Now its looking better. The WRB was a consolidation zone and the price stand in this zone for some hours. Now its look how EA is going to rise.

What do you think ?

Best regards,

Fx94
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  • #31,917
  • Mar 7, 2014 10:14am Mar 7, 2014 10:14am
EA is looking even better on H1
Everything you can imagine, is real - Pablo Picasso
  • #31,918
  • Edited 1:35pm Mar 7, 2014 10:42am | Edited 1:35pm
EUR/AUD trades this week. The first 3 trade entries and targets were based on TMS and the first channel. The last 5 trade entries and targets were based on TMS and the newer channel. Since price broke out of the latest channel, there could be a new channel forming for next week. Have a good weekend.
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  • #31,919
  • Mar 7, 2014 10:46am Mar 7, 2014 10:46am
All thanks to Bizzzle for his insights into trading H4 not a timeframe I used to trade but I think I probably will from now on +100 on each.
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  • #31,920
  • Mar 7, 2014 10:51am Mar 7, 2014 10:51am
Thank you Phx. Nice to see EU back in action.

edit - wait, you mean EA right?
Everything you can imagine, is real - Pablo Picasso
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