Disliked{quote} Dude ! Good for you !!! I'm hunting and pecking for a short entry on EJ... haven't found a decent one yet. Short would be based on the 4H, looking for entries on 1H and lower.Ignored
- #44,842
- Nov 25, 2014 3:45am Nov 25, 2014 3:45am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} Thanks starting to get the hang of this and thanks for all the advise and information that people have posted closed it out for +50 pips
When you hit your 'sweet spot' which Daniel Coyle talk about, then your learning will accelerate and everything will become very much easier and you will see more on your charts. You will become more confident to pull the trigger without any hesitation.
Keep practice, practice, practice....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #44,843
- Nov 25, 2014 3:49am Nov 25, 2014 3:49am
Nice morning again! Market recently is really awesome. Took EUR/AUD again, and it payed me back really quickly. Wanted to move my TP higher, but it was too quick. Anyway, +50 is really good tooAs usuall, took the trade after braking FO high. Very simple and very clear setup with good TDI confirmation. Also took EUR/CAD in the same time, because of it's small asian range - only about 28 pips. So was waiting for a nice brakeout. Situation was good, but i found it really hard to manage 2 open trades when volatility is so high. So took 9 pips and...
Super smooth trading ToledoFX! Thanks for sharing
Repetition is the Mother of Skill
- #44,844
- Nov 25, 2014 3:50am Nov 25, 2014 3:50am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Nice morning again! Market recently is really awesome. Took EUR/AUD again, and it payed me back really quickly. Wanted to move my TP higher, but it was too quick. Anyway, +50 is really good too
Appreciation is the key to wealth and happiness
- #44,845
- Nov 25, 2014 3:50am Nov 25, 2014 3:50am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Sad i'm not trying to understand PA
- #44,846
- Nov 25, 2014 3:52am Nov 25, 2014 3:52am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
EA battle is over for today. pinbar on H4 did not work for my short, stopped out -59 (I totally ignored PA on H1 where it was facing support) got in H1 long , out for +51 {image}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #44,847
- Nov 25, 2014 3:54am Nov 25, 2014 3:54am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote} Great stuff Likica, being able to turn a 180 degrees demands a very flexible mindset. Respect!
Appreciation is the key to wealth and happiness
- #44,848
- Nov 25, 2014 3:55am Nov 25, 2014 3:55am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #44,849
- Edited 4:00am Nov 25, 2014 3:55am | Edited 4:00am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
EURNZD {image}
you got in earlier than me.
I waited till I see a BUOB then took the entry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #44,851
- Nov 25, 2014 4:04am Nov 25, 2014 4:04am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
EURNZD {image}
. Could you pls knock at my mt4 next time you spot a good one like this
?
Appreciation is the key to wealth and happiness
- #44,852
- Nov 25, 2014 4:11am Nov 25, 2014 4:11am
Guys and girls,
I would like to share back my 2 cents, so that hopefully can be useful to others...
AUDUSD Short +74 -- open on yesterday 24/11/14 @ 10.00 GMT, as i posted almost real-time on yesterday
Let's start with the daily ... no complications:
1) guppies are trending down and PA is under them. ok, I would prefer shorts
2) I hunt for a possible entry, short, so I see a HH and then a IB just after (some can argue it's not a pure IB as the two lows are quite similar, it's just to give an idea, to me the main reason it's the Lower High in this case, and the possible break-down.. ) .... I keep an eye on it...
On H4, I check for the TDI to cross-down to short ... In the mean time I keep an eye on D1 still... it's breaking down the IB
here we go, see the signal ? I enter with no doubts, SL and TP set.
I have the 'tide' on my side (the big trend ... the weekly let's say), I have the daily setup on my side, and I have the H4 confirmation.
All smooth to TP +74 , once I reached +25/+30 I set my SL to BE and let it go, probably I could have squeezed a bit more pips, but we're all good with history charts, not so much live ... so it's 74 pips guys, you can make a living for much less per day. You need few trades to be successful with TMS, it's not scalping.
I would like to share back my 2 cents, so that hopefully can be useful to others...
AUDUSD Short +74 -- open on yesterday 24/11/14 @ 10.00 GMT, as i posted almost real-time on yesterday
Let's start with the daily ... no complications:
1) guppies are trending down and PA is under them. ok, I would prefer shorts
2) I hunt for a possible entry, short, so I see a HH and then a IB just after (some can argue it's not a pure IB as the two lows are quite similar, it's just to give an idea, to me the main reason it's the Lower High in this case, and the possible break-down.. ) .... I keep an eye on it...
On H4, I check for the TDI to cross-down to short ... In the mean time I keep an eye on D1 still... it's breaking down the IB
here we go, see the signal ? I enter with no doubts, SL and TP set.
I have the 'tide' on my side (the big trend ... the weekly let's say), I have the daily setup on my side, and I have the H4 confirmation.
All smooth to TP +74 , once I reached +25/+30 I set my SL to BE and let it go, probably I could have squeezed a bit more pips, but we're all good with history charts, not so much live
... so it's 74 pips guys, you can make a living for much less per day. You need few trades to be successful with TMS, it's not scalping. Lorenzo
- #44,853
- Nov 25, 2014 4:12am Nov 25, 2014 4:12am
{quote} thanks for your encouragement Pipsta972. I still need to focus more specially when I got too emotional
You're most welcome, I learn a lot from your posted trades.
Repetition is the Mother of Skill
- #44,855
- Nov 25, 2014 4:23am Nov 25, 2014 4:23am
{quote} Super smooth trading ToledoFX! Thanks for sharing
{quote} nice
- #44,856
- Nov 25, 2014 4:26am Nov 25, 2014 4:26am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
{quote}
{quote} beautiful as always
Sad i'm not trying to understand PA
Guys and girls, I would like to share back my 2 cents, so that hopefully can be useful to others... AUDUSD Short +74 -- open on yesterday 24/11/14 @ 10.00 GMT, as i posted almost real-time on yesterday Let's start with the daily ... no complications: 1) guppies are trending down and PA is under them. ok, I would prefer shorts 2) I hunt for a possible entry, short, so I see a HH and then a IB just after (some can argue it's not a pure IB as the two lows are quite similar, it's just to give an idea, to me the main reason it's the Lower High in this...
I was in a similar NZDUSD trade and only got 25 pips out of it. Due to taking profit too quick.
- #44,858
- Nov 25, 2014 4:33am Nov 25, 2014 4:33am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #44,860
- Edited 6:42am Nov 25, 2014 4:40am | Edited 6:42am
...another example, maybe not as easy as the previous one on AUDUSD ... why ?
NZDJPY Short +65 -- open on today 25/11/14 @ 02.00 GMT
Let's start again with daily, no complications:
1) Main big trend is upwards (as we all know .. all JPY are in the same condition)
2) Price is very far away from guppies... so it might converge back at some point (how ? PA down or guppies up? .. we'll see ..)
3) I see a HH and a IB (this time, is a beautiful IB !) ...
4) keep an eye on the break DOWN or UP !!
5) TDI on daily is super-overbought ... much over 68
I would look for shorts on H4 even if I know that it's a bit more risky, as I am going against the big trend (the tide) but, on the other hand, TDI very overbought and PA moving downwards...
I hunt for shorts on H4 ... and here we go...
This is quite funny, I woke up at 3am (Italy time) checked my computer in the studio room, and saw this, I entered even if I was half asleep.
Why that ? two extra reasons:
1) Stoploss was about 45 pips, potential Take profit was about 65 ... so R:R =1.45 - I like it!
2) New Zealand was fully open at that time
It's like cooking: you need the receipt, you need your ingredients, you need patience and a pitch of luck that you don't mess up something
here we go... another 65 pips , sleeping ... not evening put the SL to BE.
I'm not saying this with a 'in your face' way, but I really want to stress to new people that TMS is not only possible, it's easier than what you think, the ONLY thing you really need achieve is a much higher degree of patience, and avoid your emotions (aka your Ego) to take control of the situation (e.g. stopping your losers before the SL, or worse cutting your profits before your TP) ...
Keep it up guys!
NZDJPY Short +65 -- open on today 25/11/14 @ 02.00 GMT
Let's start again with daily, no complications:
1) Main big trend is upwards (as we all know .. all JPY are in the same condition)
2) Price is very far away from guppies... so it might converge back at some point (how ? PA down or guppies up? .. we'll see ..)
3) I see a HH and a IB (this time, is a beautiful IB !) ...
4) keep an eye on the break DOWN or UP !!
5) TDI on daily is super-overbought ... much over 68
I would look for shorts on H4 even if I know that it's a bit more risky, as I am going against the big trend (the tide) but, on the other hand, TDI very overbought and PA moving downwards...
I hunt for shorts on H4 ... and here we go...
This is quite funny, I woke up at 3am (Italy time) checked my computer in the studio room, and saw this, I entered even if I was half asleep.
Why that ? two extra reasons:
1) Stoploss was about 45 pips, potential Take profit was about 65 ... so R:R =1.45 - I like it!
2) New Zealand was fully open at that time
It's like cooking: you need the receipt, you need your ingredients, you need patience and a pitch of luck that you don't mess up something
here we go... another 65 pips , sleeping ... not evening put the SL to BE.
I'm not saying this with a 'in your face' way, but I really want to stress to new people that TMS is not only possible, it's easier than what you think, the ONLY thing you really need achieve is a much higher degree of patience, and avoid your emotions (aka your Ego) to take control of the situation (e.g. stopping your losers before the SL, or worse cutting your profits before your TP) ...
Keep it up guys!
Lorenzo