{quote} oh another tip which BigE mentioned at the start of thread. get in the trade and close your computer and wait until the next candle before you look.
SJ says this as well ... he has a sleep while making money, hows that!
- #44,501
- Nov 21, 2014 2:39am Nov 21, 2014 2:39am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
SJ says this as well ... he has a sleep while making money, hows that!
- #44,502
- Nov 21, 2014 2:42am Nov 21, 2014 2:42am
totally nothing related to TMS, but for anyone that wants to know why EA and AU, and NZ is moving so suddenly, here is the answer.
- China cuts rates!
From @World_First
http://www.forexfactory.com/resource...tory-quote.png
China cuts 1-year lending rate by 0.4 pps
NEWS!
EDIT: homework, find out why AU is related so much with China 
EDIT#2: its 2.45am and i can't sleep....i shall terrorize this thread a while more muahahahahah
Daniel
- #44,503
- Nov 21, 2014 2:43am Nov 21, 2014 2:43am
{quote} Preaching to the choir there buddy, just lock b/e after 30 pips on H1 and 50 on H4 trades. It was okay to lock b/e at +20 when ATRs were much much smaller on all the pairs that we trade here in TMS
{quote} Hi Pipsta972, good advice from GreenB... here is another tip that may help; if you are really nervous (about losing capital) it is sometimes a sign you are risking too much - try reducing risk per trade. e.g. if you risk 3% try kicking down to 1% etc, then gain confidence... hope this helps
{quote} oh another tip which BigE mentioned at the start of thread. get in the trade and close your computer and wait until the next candle before you look.
You guys are awesome! Great trading from all of you and thanks again for being so supportive!
Repetition is the Mother of Skill
- #44,504
- Nov 21, 2014 2:45am Nov 21, 2014 2:45am
- Joined Oct 2012 | Status: Trader | 1,813 Posts
totally nothing related to TMS, but for anyone that wants to know why EA and AU, and NZ is moving so suddenly, here is the answer. China cuts rates! From @World_First {image} China cuts 1-year lending rate by 0.4 pps NEWS! EDIT: homework, find out why AU is related so much with China
- #44,505
- Nov 21, 2014 2:45am Nov 21, 2014 2:45am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
totally nothing related to TMS, but for anyone that wants to know why EA and AU, and NZ is moving so suddenly, here is the answer. China cuts rates! From @World_First {image} China cuts 1-year lending rate by 0.4 pps NEWS! EDIT: homework, find out why AU is related so much with China
- #44,506
- Nov 21, 2014 2:48am Nov 21, 2014 2:48am
{quote} Do you want me to tell you or are you asking we find out for ourselves?
EDIT: looks like next week will have a change in bias for a few crosses (that i monitor) this is soo much fun :glee:
im not sure why im hyper....it's probably have somthing to do with nutella on the sammy i just ate.....
Daniel
- #44,507
- Nov 21, 2014 2:50am Nov 21, 2014 2:50am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
EA GA...What a move
Sad i'm not trying to understand PA
- #44,510
- Nov 21, 2014 2:58am Nov 21, 2014 2:58am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
EA GA...What a move
- #44,511
- Nov 21, 2014 3:06am Nov 21, 2014 3:06am
- Joined Oct 2012 | Status: Trader | 1,813 Posts
I think my "picker outer" is broken. I keep choosing sluggish pairs, while other pairs put in 50+ pip moves.How do you guys choose????? Frustrating.
Oh and of course picking the best TDI setup is key to making lots of pips
- #44,512
- Nov 21, 2014 3:17am Nov 21, 2014 3:17am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
EA GA...What a move
I Have Learned to Take Some Losses to Make Profits
- #44,514
- Edited 3:41am Nov 21, 2014 3:30am | Edited 3:41am
- | Joined Mar 2014 | Status: Trader | 1,228 Posts
{quote} That is also something I often have to deal with, just the other day while I was waiting for 5 hours for my EJ to hit 50 pips, EA had seered thru all resistances going more than 100 pips. I just focus on AUD and JPY, ditch USD because it will rarely move nicely nowadays, at least much less often than the others. Oh and of course picking the best TDI setup is key to making lots of pips
Agreed, I just revamped my layout to remove the usd pairs. Glad to know I'm not the only one who sometimes watches a pair(s) run off without them.
Re: the best TDI setup, I'm still figuring that out. I've read all of BigE's & Phx's posts & pdf's. But SnarlyJack was the first person I've heard to say "....look at the color of the current bar on the higher time frame for the trend..." I've always looked at market structure on the higher time frame and tried to anticipate where an entry might form on the trading time frame.... with very little success. Pretty much hit or miss. I'll have to back test looking at the color of the higher time frame bar, and trading in the direction on my trading time frame.
- #44,515
- Edited 4:03am Nov 21, 2014 3:48am | Edited 4:03am
- Joined Oct 2012 | Status: Trader | 1,813 Posts
{quote} Agreed, I just revamped my layout to remove the usd pairs. Glad to know I'm not the only one who sometimes watches a pair(s) run off without them. Re: the best TDI setup, I'm still figuring that out. I've read all of BigE's & Phx's posts & pdf's. But SnarlyJack was the first person I've heard to say "....look at the color of the current bar on the higher time frame for the trend..." I've always looked at market structure on the higher time frame and tried to anticipate where an entry might form on the trading time frame.... with very little...
If you want to look for longs, then price has to stop making LL and LH. I will keep shorting until price makes a double bottom.
Sadly, there is no such thing as watching color changes or MA crosses for estimating the trend. Backtest and you will see how many times price is falling hundreds of pips, but at some point a very shallow retracement appears on H4 and makes the APB on H4 go from red to blue for just a tiny second before it drops anew. Your higher timeframes can and do give you the overall trend, but the most recent trend is what turns price around and what manifests itself first on the smaller timeframes. Look up Lastingwell's posts on how she uses the higher period timeframes, really helped me a lot
- #44,517
- Nov 21, 2014 4:17am Nov 21, 2014 4:17am
- Joined Nov 2008 | Status: Trader | 50,255 Posts
EA GA...What a move
Hi Omonisha,
You are no longer a newbie in our super trader club. Welcome on board.
Next I will show you what you can do to multiply those pips with my 'bullet proof' money management strategy.
I have not shown my money management strategy yet in this thread. It is not complicated, just a bit complex and it is semi automated using an EA to manage all trades. You just need to manually initiate the first order entry exactly what you did with these two trades.
Be patient. Keep doing what you are doing and nail those high probability setups the way you have done so over and over again.
Good Trading buddy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #44,518
- Nov 21, 2014 4:22am Nov 21, 2014 4:22am
- Joined Nov 2008 | Status: Trader | 50,255 Posts
Hi Folks,
Just checking in early today before NY open and closing all my open positions for this week.
I had great time travelling and only checking my VPS once a day to do some management decisions.
Happy to share with you all my trade results in week 47.
Equity growth + 12.7 % up from last weekend 28.3%
Total pips this week +1,325 pips up from 2959pips last weekend.
Total trades completed this week 29 trades closed.
Have a Good New York session folks and Trade Safe.
Just checking in early today before NY open and closing all my open positions for this week.
I had great time travelling and only checking my VPS once a day to do some management decisions.
Happy to share with you all my trade results in week 47.
Equity growth + 12.7 % up from last weekend 28.3%
Total pips this week +1,325 pips up from 2959pips last weekend.
Total trades completed this week 29 trades closed.
Have a Good New York session folks and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #44,519
- Nov 21, 2014 4:32am Nov 21, 2014 4:32am
- Joined Nov 2008 | Status: Trader | 50,255 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett