- #44,397
- Edited 1:32pm Nov 20, 2014 10:52am | Edited 1:32pm
- Joined Feb 2009 | Status: Trader | 1,038 Posts
Thanks for your help, warmth and straight talking Heather.
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DislikedNods80, Thank you! Don't forget Lastingwell. Lastingwell is one of the best traders that I have ever met. I trust her 100% with my life & money. Their are only so many super traders in the world and she is among them. I'll tell you a secret, Lastingwell is way better than Eelfranz ever hoped to be and we are very lucky she is here! Trust me on this!!! By the way we will teach you how to tradeIgnored
Disliked{quote} grffinssoul, she assumed I spent '10,000 hours staring at something.. ' and that is wrong assumption to make when she does not know me. TMS 5-Method is only less than 10% of a trading system. I spend a lot of hours working and testing various money management strategy a part of system development program. I also spend more hours working on the mental fitness aspect to become a better trader. we all know the 3 to 8 APB candles run in a trending move very well. I keep my mind and mental state positive all the time. {image} regards,Ignored
DislikedAUDCHF 4hr looks like its preparing to move. not sure about the d1 view though. it is pulling back of a major resistance but still showing a lot of red but h1 looks like it could be a complete trend reversal. Any thoughts? {image}Ignored
Disliked{quote} I have a question. On this graph the AUDCHF looked like it was gonna continue its down trend after the news but now it has corrected and appears to be continuing up. My question is does the spinning top HA candle represent indecision in the same way a regular candle would? Also the red tdi line is now flat should I see that as concern if I were to enter this trade. {image}Ignored
Disliked{quote} I would have concerns to short this right now - you see two indecision HA, and a touch of your MA - this is a very first signal that there is something going on to the upside. Your Stoachstic breaks its signal line and break through 20 - both is bullish, if you work with this indicator. Third, TDI is below 32 and you have an upcross Green/Red. If I had open positions I would either close them or adjust my SL. Surely I wouldn't open any new Shorts.Ignored
DislikedLorbax, It's really hard for me to tell the trend without the long term guppy's. But what I would do is...You have your stop loss in place, you have your target in place. I will not take a intentional loss! I would use a set & forget strategy and let the market take you out. Two things could happen (1) the market takes you out & you lose or (2) The market will turn & you'll make a profit. This happens all the time. I will sit on a trade for as long as it takes for 1 of the them to happen. Their is no crystal ball & no one knows what will happen....Ignored
DislikedL14myj, Currently, I'm short the eur/usd & gbp/usd. The trend on the daily is down. If your long those pairs your fighting a very strong set of guppy moving averages that are going to be hard for the market to break through. I've been using a "set & forget" strategy on those pairs. The long term guppy moving averages on the daily chart are super accurate! But anything can & will happen. Remember this is a probability game! Hope this helps you... sjIgnored
DislikedGood morning/afternoon, I just started following this thread a few days ago and just wanted to compliment those who are being so helpful and assisting the newer traders as they learn. So much good information here ! I have been trading FX for about 4 or 5 months but with not much success so far. I have realized lately most of my struggles have been as a result of 1) Lack of trading plan with specific rules to follow 2)micro managing trades and not letting them play out 3) FOMO (Fear of missing out) and chasing trades too late. I have shelved live...Ignored
Disliked{quote} Hi SJ, today making an early pit stop to replenish and stock up for the next long trip...2400km from Port Augusta, SA to Albany, WA. mobile trading takes another dimension with mobile broadband coverage at most national parks. {image} Hi Folks, Listen to SJ, a pair of old hands we have in our TMS family. there is a Trend in every chart timeframe. you need to know which trend you are trading and find the 'sweet spot' on H1. {image} regards,Ignored
Disliked{quote} Sorry my bad wasn't specific. If I was to trade this it would be a long. It's bouncing of major support, TDI crossed up. But it's also near resistance and the bounce was stalled a bit by news. What i'm trying to learn is when not to trade even when the tdi crosses.Ignored