Just been re-reading some of Big E's post again which I revisit every now and again for a top-up charge. When reading his posts I suppose we are focused on his method - but what strikes me now too, is what a very good writer he was.
I will be delighted to learn from the seasoned traders if there is need to consider higher time frame charts for confirmation before taking a trade based on TMS or TMSII.
POSSIBILITIES ARE INFINITE, YOU CAN ACCOMPLISH ANYTHING!
- #41,244
- Sep 21, 2014 11:04pm Sep 21, 2014 11:04pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Friday, before close, at 5.09PM (Italy Time) I opened a short on the GBPYJPY @ 177.74 after spotting a short signal on the H4, even though not confirmed on the Daily one, considering also the weekend close, I took very low risk . Here's my setup: NO SL yet defined (I want first see the possible gap with the sunday-night open) TP set at +115 pips - to be modified depending on the market. Will set SL -> BE+5 once I reach +20/25 What the big guys here think ? Thanks!{image}
Gj had nice angle on H4, but to risky to short, need TDI D1 stepping down from 68 (my observation only)
Appreciation is the key to wealth and happiness
- #41,247
- Sep 21, 2014 11:54pm Sep 21, 2014 11:54pm
- Joined Jan 2013 | Status: Trader | 1,657 Posts
Friday, before close, at 5.09PM (Italy Time) I opened a short on the GBPYJPY @ 177.74 after spotting a short signal on the H4, even though not confirmed on the Daily one, considering also the weekend close, I took very low risk . Here's my setup: NO SL yet defined (I want first see the possible gap with the sunday-night open) TP set at +115 pips - to be modified depending on the market. Will set SL -> BE+5 once I reach +20/25 What the big guys here think ? Thanks!
- #41,248
- Sep 22, 2014 12:08am Sep 22, 2014 12:08am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Hi Morning R00Ms, Quick scalp on EurAud. +10pips. {image}
Appreciation is the key to wealth and happiness
- #41,250
- Sep 22, 2014 12:44am Sep 22, 2014 12:44am
EurAud, took the Buy entry as 15m not crossing yellow. Everything on UPTurn. Possibilities of another LL on H4, but as H1 crossing yellow. Eur is strengthen during Jap Open. I'm going long for this Pairs. Will be monitoring closely. {image}
Currently the strength at nano level is just too Strong for Euro.
Just need another 1 or 2 spike... kaboom... tp hit. Fibo150%
+27now. Setting BE.
- #41,251
- Sep 22, 2014 12:52am Sep 22, 2014 12:52am
{quote} Now, this better. Eur jump higher before london.... Least the LO would follow... hehe... Currently the strength at nano level is just too Strong for Euro.
- #41,252
- Sep 22, 2014 1:01am Sep 22, 2014 1:01am
{quote} hello amilate, how can you know that the market will up @_@, this setup is too hard to see and maybe hidden some dangerous
Below is my entry EurAud Long.
- #41,254
- Edited 10:42am Sep 22, 2014 1:16am | Edited 10:42am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
- #41,255
- Sep 22, 2014 1:22am Sep 22, 2014 1:22am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote} Thanks Likica... thanks to you too. I was researching your scalp during weekend.
. I got out of my EA scalp at R.
Appreciation is the key to wealth and happiness
- #41,256
- Sep 22, 2014 1:24am Sep 22, 2014 1:24am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
First +50 today. {image}
.look like TMS traders are up early this week
Appreciation is the key to wealth and happiness
- #41,257
- Sep 22, 2014 1:33am Sep 22, 2014 1:33am
{quote} Hope my scalping style helps
- #41,258
- Sep 22, 2014 1:42am Sep 22, 2014 1:42am
Well, let see, this is what my lost for today too. Just closed them nicely during retraacement.
This is truly mistake and gamble way ... I was think EU going south when the pricey moving around big figure 1.28500. I took a short that the price around Japan open, hoping monday with low volumes, the price would held for a while at the big figure.. Guess I was wrong, and damn wrong. This trade is not base on TMS entry.
So the price went higher ... I was losing around 20pips. But during retracement, I manage to cut lost become -10pips.
Well, 60-10. I still pocket 50pips.
So my advise, stick to the TDI confirmation. Purely prediction is not trading way. That's a gambling way. Ehmm.. well I do gamble sometimes.
This is truly mistake and gamble way ... I was think EU going south when the pricey moving around big figure 1.28500. I took a short that the price around Japan open, hoping monday with low volumes, the price would held for a while at the big figure.. Guess I was wrong, and damn wrong. This trade is not base on TMS entry.
So the price went higher ... I was losing around 20pips. But during retracement, I manage to cut lost become -10pips.
Well, 60-10. I still pocket 50pips.
So my advise, stick to the TDI confirmation. Purely prediction is not trading way. That's a gambling way. Ehmm.. well I do gamble sometimes.
- #41,259
- Sep 22, 2014 2:06am Sep 22, 2014 2:06am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
Well, let see, this is what my lost for today too. Just closed them nicely during retraacement. This is truly mistake and gamble way ... I was think EU going south when the pricey moving around big figure 1.28500. I took a short that the price around Japan open, hoping monday with low volumes, the price would held for a while at the big figure.. Guess I was wrong, and damn wrong. This trade is not base on TMS entry. So the price went higher ... I was losing around 20pips. But during retracement, I manage to cut lost become -10pips. Well, 60-10....
