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  • #48,281
  • Jan 4, 2015 8:29pm Jan 4, 2015 8:29pm
Quoting dennis4u15
Some pips can be made on retracement of Euro pairs...have to be careful as its against the major trend Regards Dennis

there is one thing which I learned in trading with TMS 5-Method is not to trade after a wide range bar, be that in H1, H4 and D1.

be patient and wait for a A+++ type setup and the market will pay you.

read eelfranz' post#261 and work that into your trade plan. That post is key to trade TMS 5-Method successfully over long term.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,282
  • Jan 4, 2015 8:46pm Jan 4, 2015 8:46pm
EURAUD week 03 (5 Jan)

H4 view below.

Price in consolidation and this weeks H4 open candle is not ideal to trade.
Have a look at D1 and W1, pick the next big move but the market will set you up first then later comes the real move. Be prepared with your trade plan.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H4 view.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,283
  • Jan 4, 2015 8:53pm Jan 4, 2015 8:53pm
Quoting emmanuel7788
EURAUD week 03 (5 Jan) H4 view below. Price in consolidation and this weeks H4 open candle is not ideal to trade. Have a look at D1 and W1, pick the next big move but the market will set you up first then later comes the real move. Be prepared with your trade plan. {image}

Thanks Emmanuel for the headsup. 3 more hours until I start looking for the 4hr bar like eelfranz used to do before going to sleep. I don't see anything as of yet. in any pair.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,284
  • Jan 4, 2015 9:39pm Jan 4, 2015 9:39pm
GN +50pips : not the best looking 1H/4H cross but PA came on strong - had Godzilla SL of 50pips & 50 TP - PA gave option to move higher (trading Phx62 style)... ... good for another +50pips (if you need it)

UJ -12pips : what was i thinking ... LOL! i guess i tried to steal some pips and got caught... tightened SL as per PA
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 34 KB
Click to Enlarge Name: Image2.png Size: 33 KB
  • #48,285
  • Jan 4, 2015 9:53pm Jan 4, 2015 9:53pm
Quoting griffinssoul
GN +50pips : not the best looking 1H/4H cross but PA came on strong - had Godzilla SL of 50pips & 50 TP - PA gave option to move higher (trading Phx62 style)... ... good for another +50pips (if you need it) UJ -12pips : what was i thinking ... LOL! i guess i tried to steal some pips and got caught... tightened SL as per PA {image} {image}


Nice !
  • #48,286
  • Jan 4, 2015 9:54pm Jan 4, 2015 9:54pm
Is there any way to know what the high, low, open, close is for each HA candle?

Cheers
  • #48,287
  • Jan 4, 2015 9:56pm Jan 4, 2015 9:56pm
Quoting sknight1
{quote} Nice !
I find it hard to go in and out of holiday times... Thanks
  • #48,288
  • Jan 4, 2015 10:01pm Jan 4, 2015 10:01pm
Quoting griffinssoul
GN +50pips : not the best looking 1H/4H cross but PA came on strong - had Godzilla SL of 50pips & 50 TP - PA gave option to move higher (trading Phx62 style)... ... good for another +50pips (if you need it) UJ -12pips : what was i thinking ... LOL! i guess i tried to steal some pips and got caught... tightened SL as per PA {image} {image}
good quick calls GS. guess what? I m still in both of them one still good and one still no good
Appreciation is the key to wealth and happiness
  • #48,289
  • Jan 4, 2015 10:03pm Jan 4, 2015 10:03pm
Quoting likica
{quote} good quick calls GS. guess what? I m still in both of them one still good and one still no good
LOL! Go likica!!! There is +100pips in GN - watch out for UJ strong PA to up side for now at least
  • #48,290
  • Edited 10:21pm Jan 4, 2015 10:07pm | Edited 10:21pm
Quoting griffinssoul
{quote} LOL! Go likica!!! There is +100pips in GN - watch out for UJ strong PA to up side for now at least
yea... out of uj -38 silly call anyway, not sure what was on then...ah, I remember now it was inside bar break out on H4 tempted my mouse to go short (blaming attitute stepped in)
GN still good, sl @ be, let Pt running , it reached 90pips from my entry tho, rejected at round number/1st weekly thingy.
Attached Image (click to enlarge)
Click to Enlarge Name: 5.1.15 GN M30 long SO in progress (green).png Size: 49 KB
Appreciation is the key to wealth and happiness
  • #48,291
  • Edited 10:22pm Jan 4, 2015 10:08pm | Edited 10:22pm
Quoting likica
{quote} yea... out of uj -38 silly call anyway, not sure what was on then...
Yep, good call to get out - i am getting a signal long... i made the same mistake cause it was looking so good early???

Quoting likica
{quote} ...ah, I remember now it was inside bar break out on H4 tempted my mouse to go short (blaming attitute stepped in) ... {image}
  • #48,292
  • Jan 4, 2015 10:48pm Jan 4, 2015 10:48pm
Is this a good call on Daily ??? TP is 250 pips and intend to add positions for every 50+ movement ...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily.png Size: 46 KB
  • #48,293
  • Jan 4, 2015 11:28pm Jan 4, 2015 11:28pm
How do you guys feel about entering GU at the start of 4hr ?
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,294
  • Jan 4, 2015 11:32pm Jan 4, 2015 11:32pm
good evening everyone....looking through a few setups, one I'm getting interested in is a retrace setup to go short eur/cad around 1.4135-40, thoughts anybody?
Attached Image (click to enlarge)
Click to Enlarge Name: cad1.jpg Size: 247 KB
  • #48,295
  • Jan 4, 2015 11:37pm Jan 4, 2015 11:37pm
Quoting redcloudxlll
How do you guys feel about entering GU at the start of 4hr ?
Hi redcloudxlll - i dont see a TMS signal either way ???
  • #48,296
  • Jan 4, 2015 11:39pm Jan 4, 2015 11:39pm
Quoting redcloudxlll
How do you guys feel about entering GU at the start of 4hr ?
I dont see anything on the 4 hr for tdi confirmation, the 1 hour may be a bounce, is that what you are looking at?
  • #48,297
  • Jan 4, 2015 11:39pm Jan 4, 2015 11:39pm
Quoting adikashyap
Is this a good call on Daily ??? TP is 250 pips and intend to add positions for every 50+ movement ... {image}

You entered on the break of last Friday High?
This pair has a weekly range of about 170pips only and it will likely hit aorund 60% which will be around 1.060 and 100% would be near 1.067 from this week' open.
Where is your initial SL? below last week' low?
There are a couple of possible resistance not too far above so the ride up maybe rough one.
Also the intraday corrections seen on H1 is something which you need to fight with in such narrow range.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD week 02 D1 chart 5 Jan.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,298
  • Edited 11:53pm Jan 4, 2015 11:40pm | Edited 11:53pm
Quoting wyley187
good evening everyone....looking through a few setups, one I'm getting interested in is a retrace setup to go short eur/cad around 1.4135-40, thoughts anybody? {image}
Hi wyley187, wait till the close 4H - candles looking small to me mate Ummm... no, dont like it much... [spider-senses tingling... LOL!]

...could have a weird kind of 1H/4H bounce-cross playing out there ... PA is confusing me mate
  • #48,299
  • Jan 4, 2015 11:45pm Jan 4, 2015 11:45pm
Quoting griffinssoul
{quote} Hi redcloudxlll - i dont see a TMS signal either way ???

Yea I don't see anything going on. TDI is getting flat. I see a steeper tdi on EU though. I guess today will probably be a long day waiting for an opportunity.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,300
  • Jan 4, 2015 11:49pm Jan 4, 2015 11:49pm
Quoting redcloudxlll
{quote} Yea I don't see anything going on. TDI is getting flat. I see a steeper tdi on EU though. I guess today will probably be a long day waiting for an opportunity.
It was a weird start to the W1 ... i am waiting till LO - could see some action then... ??? Trade Safe buddy
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