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  • #42,221
  • Oct 14, 2014 3:56am Oct 14, 2014 3:56am
Quoting toledoFX
Took GBP/USD after LO candle. Missed an entry on FO candle after breaking Asian range, so decided to wait if the second London candle confirms the movement, because often after FO and LO movement this pair changes it's direction. So price confirmed down move and after small retracement i entered. Before GB news i moved my stop to BE. Red news helped to hit my TP +50 (because of little slippage have bagged +54 pips). First my big TP on this pair with TMS system. Very nice {image}
That is a very good trade with that previous Day IB breakout to the low.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,222
  • Oct 14, 2014 4:09am Oct 14, 2014 4:09am
GU as well in here, didn't have time to manage the trade, opened short, after APB candle signal a setup entry, definitely a 100 pip candidate

Left the trade on a +40 pip TP which was hit by news release I guess
Attached Image (click to enlarge)
Click to Enlarge Name: GU_H1.jpg Size: 230 KB
I Have Learned to Take Some Losses to Make Profits
  • #42,223
  • Oct 14, 2014 4:14am Oct 14, 2014 4:14am
Quoting toledoFX
Took GBP/USD after LO candle. Missed an entry on FO candle after breaking Asian range, so decided to wait if the second London candle confirms the movement, because often after FO and LO movement this pair changes it's direction. So price confirmed down move and after small retracement i entered. Before GB news i moved my stop to BE. Red news helped to hit my TP +50 (because of little slippage have bagged +54 pips). First my big TP on this pair with TMS system. Very nice {image}
Perfect text book on TMS ,
I Have Learned to Take Some Losses to Make Profits
  • #42,224
  • Oct 14, 2014 4:20am Oct 14, 2014 4:20am
Another 2 trades taken this morning, just closed them out manually.
Comments on my entries would be appreciated.
Thanks you guys..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TMS 5 AUDJPY.PNG Size: 32 KB
Click to Enlarge Name: TMS 4 EURJPY.PNG Size: 31 KB
  • #42,225
  • Oct 14, 2014 4:40am Oct 14, 2014 4:40am
Quoting emmanuel7788
{quote} That is a very good trade with that previous Day IB breakout to the low.
Quoting TheScorpS
{quote} Perfect text book on TMS ,
Thank you guys!
  • #42,226
  • Oct 14, 2014 4:50am Oct 14, 2014 4:50am
Swissy Trade floating at +20
4H TDI cross from support

Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2014-10-14 at 10.47.23 PM.png Size: 41 KB
  • #42,227
  • Oct 14, 2014 4:54am Oct 14, 2014 4:54am
I am in this trade too with many of us
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-10-14_15-52-49GBPUSD.png Size: 50 KB
Sad i'm not trying to understand PA
  • #42,228
  • Oct 14, 2014 5:33am Oct 14, 2014 5:33am
Quoting TheScorpS
{quote} Perfect text book on TMS ,
That all looks nice, guys but can you please enlighten me?

GBP CPI y/y 1.2%
EUR German ZEW Economic Sentiment -3.6

It seems that none of you particularly cares about the news.. What if the news were good for GBP & EUR? My experience is that you will see a huge reverse bar. I stayed out the market until after the ZEW Economic Sentiment, which is a major news.

Q: Should I also disregard news and trade based on the TMS signal? In other words: does it seem that the news move is already incorporated in the PA beforehand or do you all take the trade regardless and rely on probability, good luck and risk management??

Thank you as always!
  • #42,229
  • Edited 6:11am Oct 14, 2014 5:47am | Edited 6:11am
Quoting rkp
{quote} That all looks nice, guys but can you please enlighten me? GBP CPI y/y 1.2% EUR German ZEW Economic Sentiment -3.6 It seems that none of you particularly cares about the news.. What if the news were good for GBP & EUR? My experience is that you will see a huge reverse bar. I stayed out the market until after the ZEW Economic Sentiment, which is a major news. Q: Should I also disregard news and trade based on the TMS signal? In other words: does it seem that the news move is already incorporated in the PA beforehand or do you all take the...
Good question, First of all I took a look at the calender specially GBP news, saw that most of them were to expect negative results, so when LO signal entry started, I took the sell, there was 1 and half hour room to at least hit BE before the news starts, trading TDI confirmed by PA is all I needed at that stage, then lucky the trade worked out

It could be a a scratch trade, but trading is all about probabilities, risk with a stop loss, so if that ended a looser , then do the same thing over and over again, with that being said, the probability will work on our side I guess on the long run cause those trades are taken on TDI confirmation.

With a lot of studying I see that it often works, since the trade is solely taken on how TMS works

If you backtest GU for example, opened the calender, take trade at LO before news release when TDI confirm that with at least some forecast showing the direction of the trade, I think you would see that many trades confirmed by TDI started at LO and will hit TP within news release , and the trade can be set to BE before hand

Hope that helps, I hope seniors trader can shed some-light on that, I am still learning tho
I Have Learned to Take Some Losses to Make Profits
  • #42,230
  • Oct 14, 2014 6:15am Oct 14, 2014 6:15am
Quoting rkp
{quote} That all looks nice, guys but can you please enlighten me? GBP CPI y/y 1.2% EUR German ZEW Economic Sentiment -3.6 It seems that none of you particularly cares about the news.. What if the news were good for GBP & EUR? My experience is that you will see a huge reverse bar. I stayed out the market until after the ZEW Economic Sentiment, which is a major news. Q: Should I also disregard news and trade based on the TMS signal? In other words: does it seem that the news move is already incorporated in the PA beforehand or do you all take the...
If i see a setup before news i look for the time left for the news. Do i have enough time for my trade to go BE. If so then i enter. As you can see i posted GA and EA before news both on BE. I manage to take some profit from EA but was greedy on GA didn't took any and it closed BE.
Sad i'm not trying to understand PA
  • #42,231
  • Oct 14, 2014 6:21am Oct 14, 2014 6:21am
Interesting so I guess we can work with probabilities and see if we could BE before news.. and yes, when I tested TMS for GU H4 for the period 2009-2014 I didn't have time of course to interpolate all news on the chart.. All in all, as you see in my previous posts, the system came up as a winner (2000+ pips) when only taking TDI crosses and a few other things into consideration.

EDIT: Another caution to be taken is: even if you move to BE before news, the slippage may be so horrible that the bigger loss may be unavoidable should the price move against you at the time of the news release. How 'bout that now?

Good points, TheScorpS & omonisha and thank you. Anyone else willing to share their experience with this matter?
  • #42,232
  • Oct 14, 2014 6:31am Oct 14, 2014 6:31am
I took a loss on EA H1 this morning.

Had I entered on the second blue candle (per TMS rules) my trade would have just met my 50 pip TP. However, I waited for the third candle to confirm direction and ensure I didn't get faked out by the LO candle. Price moved in my favour initially, but this was followed by a large pullback and I exited before the exit candle closed red.

Price doesn't seem to be displaying any clear trend right now. The last three candles have wicks at both ends and all three TDI lines are hanging out around the 50 line.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 24 KB
Focus on the process and the profits will follow
  • #42,233
  • Oct 14, 2014 6:36am Oct 14, 2014 6:36am
Quoting likica
oil trade is stuck with FXCM. market is closed . that s the message when I tried to change my SL 10 min ago. 77 green collected from GU short around LO (lucky GU trade taken on icmarket platform. Thank you. {image}
mine was frozen too , managed to get +85 pips on EJ -- back on now , cost me some pips , I will try to claim them back .
  • #42,234
  • Oct 14, 2014 6:36am Oct 14, 2014 6:36am
Quoting Ballistical
I took a loss on EA H1 this morning. Had I entered on the second blue candle (per TMS rules) my trade would have just met my 50 pip TP. However, I waited for the third candle to confirm direction and ensure I didn't get faked out by the LO candle. Price moved in my favour initially, but this was followed by a large pullback and I exited before the exit candle closed red. Price doesn't seem to be displaying any clear trend right now. The last three candles have wicks at both ends and all three TDI lines are hanging out around the 50 line. ...
maybe newbies like us should not trade before news? see my previous posts. does anyone else care to share their opinion on the news issue? thx
  • #42,235
  • Edited 7:05am Oct 14, 2014 6:44am | Edited 7:05am
Quoting robuk
{quote} my platform was frozen too , managed to get +85 pips on EJ -- back on now , cost me some pips on other trades , I will try to claim them back .
I forgot to post the chart
Attached Image (click to enlarge)
Click to Enlarge Name: e j 14 10.png Size: 52 KB
  • #42,236
  • Oct 14, 2014 6:44am Oct 14, 2014 6:44am
Quoting rkp
{quote} maybe newbies like us should not trade before news? see my previous posts. does anyone else care to share their opinion on the news issue? thx
rkp,

I completely missed the fact that there was high impact euro news at 10am. I looked through the calendar this morning so I'm not sure how I missed it!

Its actually quite reassuring to know that was the cause of the quick pullback! Had I known about the news, I would not have entered.
Focus on the process and the profits will follow
  • #42,237
  • Oct 14, 2014 6:53am Oct 14, 2014 6:53am
Quoting emmanuel7788
{quote} Trade update, scale-out 50% and BE remaining pos. {image}
Excellent trade Big EMU...I see EJ has just gone pass the MN pullback candle..Short short and short
Sad i'm not trying to understand PA
  • #42,238
  • Oct 14, 2014 7:47am Oct 14, 2014 7:47am
Quoting robuk
{quote} mine was frozen too , managed to get +85 pips on EJ -- back on now , cost me some pips , I will try to claim them back .
may I know where can I find this ea ? Thks
  • #42,239
  • Oct 14, 2014 8:03am Oct 14, 2014 8:03am
Hi Mr.AussieFX,
Can you share your 15M template please, thanks

Quoting MrAussieFX
EURAUD Post# 42,205 Followup and EA H1 trade I was looking for 61.8 retrace on this pair which eventually happened and I took the trade. EA 15 min entry {image} EA H1 main trade {image} Where is this trade now ? {image} Last batch running for 100 pips and profit taken at 20 pips, 30 pips and 60 pips GBPAUD Trade GA daily trendline break {image} GA H4 with respect to trendline and H1 entry confirmation {image} GA H1 trade taken {image} Where is this trade now ? {image}...
  • #42,240
  • Oct 14, 2014 8:23am Oct 14, 2014 8:23am
Quoting joshuayip
{quote} may I know where can I find this ea ? Thks
Hi , I don't use an EA , something I have never done yet , but I believe that some others at TMS do and I think Cavemanager is one the most popular , maybe some of the more experienced posters may post some info for you .
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