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  • #38,241
  • Jun 11, 2014 10:59am Jun 11, 2014 10:59am
Taking too much time to retrace,therefore tighten stop to 13 pips and P/O removed. Yuro still weak at the moment
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the cautious seldom err....C
  • #38,242
  • Jun 11, 2014 5:57pm Jun 11, 2014 5:57pm
Taken 2 short trades on daily. Above E/A trade taken out on a spike with kiwi news
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the cautious seldom err....C
  • #38,243
  • Jun 11, 2014 6:30pm Jun 11, 2014 6:30pm
I trade the Asian breakout too, Direwolf. My lines (session high and low) are drawn from 7:00am to 2pm local time here in BKK. I'm thinking I should perhaps have the session lines end at 1pm though, because that is when the breakouts often begin (Frankfurt Open), and sometime even as early as 12:30pm. What did you chose?

In any case, I've learned from my costly experience that using pending orders isn't the best idea because they often get spiked from market activity (not from my broker). Asian breakout is a nice way to make a pair selection in the afternoon here from the time the session lines end until 4:30pm or so; in congruence with H4/H1 trading made simple. Besides, I get a fresh H4 candle bar (and a chocolate candy bay too) at 4:00pm BKK time. In other words, see what looks good w/ the TDI and then chose the pair that breaks out by scanning several m15 period charts.
  • #38,244
  • Jun 11, 2014 7:11pm Jun 11, 2014 7:11pm
Quoting Direwolf
Thank you for your kind words toledo FX. I still have a long way to go. I don't have enough experience with LO candle yet, all I have in mind are what I learned from Phx62 pdf; how LO can reverse Frank candle, and how price usually set the low or hi of London session during the first 3 hours on London. Frank fake out candle was really obvious on Monday this week on EUR pairs. This is EURJPY. White arrow were Frank candle trying to go up and London candle came back down. Yellow candle we got TDI hooking down too, would have been a nice entry. {image}...
Thank you very much for your clear answer! You take really good opportunities to enter and do it in a right time. Today's entries on EUR/AUD, that you made, were really nice too. I am often late on such entries and miss another 10-15 pips...
  • #38,245
  • Jun 11, 2014 7:23pm Jun 11, 2014 7:23pm
@toledo, try not to be concern about squeezing the most pip out of a trade. Consistency is the keyword.
Everything you can imagine, is real - Pablo Picasso
  • #38,246
  • Jun 11, 2014 7:53pm Jun 11, 2014 7:53pm
Quoting Direwolf
@toledo, try not to be concern about squeezing the most pip out of a trade. Consistency is the keyword.
You are absolutely right! I mean because of late entries some potential BE trades become loss trades... But this is normal, have to get needed experience in trading this great system. Main is discipline and consistency - you are right.
  • #38,247
  • Jun 11, 2014 8:54pm Jun 11, 2014 8:54pm
Quoting MrAussieFX
{quote} Hi Robuk, There is high impact news in an hour or so. It might push the GBP in bearish or consolidation, just my thoughts. Please see the images below for more explanation. But GN is coming back from fib 61.8 and looks like a bearish move but then look at the small bearish candles. {image} {image} Regards.
Thanks for your posts MrAussieFX, you are doing a great job on this thread. It looks like you have the Synergy System on this chart, compliments TMS quite well?
I gather the daily time frame works best for you as you work fulltime, and the Asian session is not as volatile as the London & New York. Regards, from Queensland
  • #38,248
  • Jun 12, 2014 12:04am Jun 12, 2014 12:04am
Hello Phx62,

Long time no see, its good to see you again.

cheers

Mark up
Make sure that the light at the end of the tunnel is not an on coming train
  • #38,249
  • Jun 12, 2014 4:16am Jun 12, 2014 4:16am
BE again. EURAUD +5
Frank candle again tried to go against the down trend. Entered after LO when price broke lower.
Went to +30 in a blink before slowly retrace to stop me out.
TP 50 after price already made large move maybe a bit too ambitious.
Attached Image


It came to my attention that the way I trade isn't classic TMS... hope my entry isn't confusing anyone
Everything you can imagine, is real - Pablo Picasso
  • #38,250
  • Jun 12, 2014 4:20am Jun 12, 2014 4:20am
Quoting pips29
Taken 2 short trades on daily. Above E/A trade taken out on a spike with kiwi news {image} {image}
Underwater now. G/Y stop almost hit. Here's the H1 chart. Took shorts on N/U and N/Y (reckon a retracement of the daily move is in order, Stops above the highs)
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the cautious seldom err....C
  • #38,251
  • Jun 12, 2014 4:29am Jun 12, 2014 4:29am
I took this long trade on UKOIL H1.
After it hit my target it took off and went another 60 pips in a few minutes.

Attached Image


Is anyone else getting bombarded by advertising this morning?
  • #38,252
  • Jun 12, 2014 4:31am Jun 12, 2014 4:31am
Quoting Direwolf
BE again. EURAUD +5 Frank candle again tried to go against the down trend. Entered after LO when price broke lower. Went to +30 in a blink before slowly retrace to stop me out. TP 50 after price already made large move maybe a bit too ambitious. {image} It came to my attention that the way I trade isn't classic TMS... hope my entry isn't confusing anyone
I believe no one posting here trade the "classic" TMS. It's all over is trading 5min charts and Wdays trading without TDI, some use trendlines,fibs etc2. So much argument over TMS but I have not seen any post strictly TMS and charts posted when trades are taken
the cautious seldom err....C
  • #38,253
  • Jun 12, 2014 4:44am Jun 12, 2014 4:44am
Here is my EUR AUD H4 short of today, break of yesterday low and confirmation by TDI. A good example of an classic TMS trade?
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  • #38,254
  • Jun 12, 2014 4:48am Jun 12, 2014 4:48am
Quoting Pipsmurfer
Here is my EUR AUD H4 short of today, break of yesterday low and confirmation by TDI. A good example of an classic TMS trade? {image}
Thank you Pipsmurfer. Please post more often. We want to keep this thread alive
the cautious seldom err....C
  • #38,255
  • Jun 12, 2014 4:49am Jun 12, 2014 4:49am
Looks good. EURAUD is falling hard after stopping me out at BE.
Everything you can imagine, is real - Pablo Picasso
  • #38,256
  • Jun 12, 2014 4:52am Jun 12, 2014 4:52am
Quoting pips29
{quote} Thank you Pipsmurfer. Please post more often. We want to keep this thread alive
OK, I will try but i'm not an expert.....
  • #38,257
  • Jun 12, 2014 6:40am Jun 12, 2014 6:40am
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Per Ardua Ad Astra - Through Adversity To The Stars
  • #38,258
  • Jun 12, 2014 6:41am Jun 12, 2014 6:41am
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Per Ardua Ad Astra - Through Adversity To The Stars
  • #38,259
  • Jun 12, 2014 6:41am Jun 12, 2014 6:41am
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Per Ardua Ad Astra - Through Adversity To The Stars
  • #38,260
  • Jun 12, 2014 7:02am Jun 12, 2014 7:02am
hi flipper THANK YOU SO MUCH
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