SHI channel update...
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
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #31,906
- Mar 7, 2014 6:39am Mar 7, 2014 6:39am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
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.
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
- Joined Nov 2008 | Status: Trader | 50,190 Posts
SHi channel...
see what I mean.
Before:
After:
a new price high, the channel re-draws a new one.
see what I mean.
Before:
After:
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
- #31,909
- Mar 7, 2014 7:09am Mar 7, 2014 7:09am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
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!
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!
MAY THE PIPS BE WITH YOU!
- #31,911
- Mar 7, 2014 7:50am Mar 7, 2014 7:50am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
{quote} I hear this one very often. forex coaches, gurus, ... using FF as their selling point.
thought it'd be nice to share the whipsaw song by ed seykota here coz melodies stick better...
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 its 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
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 its 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
- #31,918
- 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. 
- #31,919
- Mar 7, 2014 10:46am Mar 7, 2014 10:46am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
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.
+100 on each.
