GBPAUD {image}
- #45,201
- Nov 27, 2014 8:03pm Nov 27, 2014 8:03pm
- | Joined Mar 2014 | Status: Trader | 1,228 Posts
- #45,202
- Edited 8:18pm Nov 27, 2014 8:04pm | Edited 8:18pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} SJ thanks for the constant daily support you always provide, support is so much necessary, for our 'psychological capital protection'GBP/AUD D1/H4/H1 3x +40ish pips -- ... here below: {image} In the end I collected 3 sets of 40ish pips each on average ... all flat by 7.00am (gmt+1) - sometimes a pinch of luck it's not bad
What does 3x +40ish pips mean? You put in 3 different trades? Thanks!!!
- #45,203
- Nov 27, 2014 8:10pm Nov 27, 2014 8:10pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
GBPAUD {image}
I don't think I would have taken this... the cross doesnt look great to me (but both lines were going up) and it was running up into resistance - could have been a H&S pattern easy... you had some 4H confirmation, I think? What were your thoughts?
- #45,204
- Nov 27, 2014 8:18pm Nov 27, 2014 8:18pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
Good morning Tms, Tms is a excellent system & were getting pretty good at trading it
{quote} MrAussieFX, I think your doing great! Keep doing what your doing
Why we should wait for the correct setup and enter only on the close of the Trade Entry Candle ?
These charts were taken on the daily TF but it applies to H4 and H1 in the same manner. When we see TSC (Trade setup candle) on higher TF we can always jump onto the lower TF to find the best entry where TMS TDI rules are met.
Lot of us (new members to TMS) may have this urgency of entering the trade as soon as we see the bullish or bearish candle. Which puts us in the losing trade.
Remember the APB (average price bars) move 3-8 candles in a healthy trend.
Let market show you where it wants to go and then see your TMS entry conditions and pull the trigger.
If you are new to TMS try to take the conservative trades only and build your confidence in the system.
Kindest Regards
- #45,206
- Nov 27, 2014 8:46pm Nov 27, 2014 8:46pm
- Joined Dec 2013 | Status: Trader | 1,680 Posts
{quote} Great trade omonisha!!! Congrats!
Sad i'm not trying to understand PA
- #45,207
- Nov 27, 2014 9:08pm Nov 27, 2014 9:08pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} Yes could have been so. But i was looking at the market structure. I saw price came down to previous structure low and on 4H it made a double bottom and then creating an IB. On 1 H price pulled back.i Just got in over the RN on the IB. TDI coming out from the 32 level. Just my thinking
- #45,208
- Nov 27, 2014 10:46pm Nov 27, 2014 10:46pm
{quote} SJ thanks for the constant daily support you always provide, support is so much necessary, for our 'psychological capital protection'
- #45,209
- Nov 27, 2014 10:58pm Nov 27, 2014 10:58pm
{quote} Lorbax, Thank you, What really helps me is to put in the levels (s/r) so I can target them. But, I think that is a excellent trade...go for it! sj
Lorenzo
- #45,212
- Nov 27, 2014 11:23pm Nov 27, 2014 11:23pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} I'm watching this one too. 4hr chart hasn't turned yet but stochastic has just curved and d1 chart red and green tdi lines are pinching looking like they might cross. D1 stochastic has also turned up and price has been rejected before previous resistance. Just gonna wait for LO and trade of the 4hr candle to make sure it's not a bounce. Also been quiet a bit of pull back on the h1 green candles so may just be a small retrace. Good luck.
... (same with GA, AChf, AU...)
- #45,213
- Nov 27, 2014 11:26pm Nov 27, 2014 11:26pm
{quote} Thanks SJ, Why we should wait for the correct setup and enter only on the close of the Trade Entry Candle ? These charts were taken on the daily TF but it applies to H4 and H1 in the same manner. When we see TSC (Trade setup candle) on higher TF we can always jump onto the lower TF to find the best entry where TMS TDI rules are met. Lot of us (new members to TMS) may have this urgency of entering the trade as soon as we see the bullish or bearish candle. Which puts us in the losing trade. Remember the APB (average price bars) move 3-8 candles...
Intelligence is the ability to adapt to change. Stephen Hawking
- #45,214
- Nov 27, 2014 11:30pm Nov 27, 2014 11:30pm
{quote} ...read my mind there nods80... (without the stochastic bit...)
Question for the experienced ones among us.
Will the black Friday madness have an affect on the markets today? That and the US holiday make wanna just watch and see cos i'm unsure of the possible impact.
Intelligence is the ability to adapt to change. Stephen Hawking
- #45,215
- Nov 27, 2014 11:46pm Nov 27, 2014 11:46pm
{quote} ...read my mind there nods80... (without the stochastic bit...)
Intelligence is the ability to adapt to change. Stephen Hawking
- #45,216
- Nov 27, 2014 11:57pm Nov 27, 2014 11:57pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
- #45,217
- Nov 28, 2014 12:02am Nov 28, 2014 12:02am
{quote} ...looks can be deceiving until there set in stone... LOL!!! I wouldn't have a $%^# clue mate ...LOL!!!
The second I posted it pulled back 20 pips. So neither do I. 
Intelligence is the ability to adapt to change. Stephen Hawking
- #45,218
- Nov 28, 2014 12:06am Nov 28, 2014 12:06am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote}
- #45,220
- Nov 28, 2014 12:18am Nov 28, 2014 12:18am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts