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  • #55,661
  • Apr 8, 2015 4:36am Apr 8, 2015 4:36am
Quoting Trader MT4
Hello friends is that entry correct? {image} {image}

That looks good to me.
Previous Day was very bullish, today shallow retracement and we trade the continuation.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,662
  • Apr 8, 2015 4:44am Apr 8, 2015 4:44am
EA Daily collapsing too after hitting multiple technical confluences (Thanks Emm for prev. comments);

It sits now at weekly historical S/R, hopefully it will go through aided by recent selling.
This collapse is going to be epic.

Attached Image (click to enlarge)
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Best regards, Zef
  • #55,663
  • Apr 8, 2015 4:45am Apr 8, 2015 4:45am
Quoting bigcakex
{quote} Hi,emmanuel7788, How many displays you use when you trade so many pairs at the same time ? I only have one ,and want to buy another one to check the chart.
Hi bigcakex,

I used a 6 years old PC and a 24inch LED HD monitor. I do all my charting, technical analysis, trade planning etc. in this old PC.
One pairs of eyes can only see one monitor at one time, no need for those multi-monitor trading workstation. My third eye can see a lot more.
Develop your third eye for trading, that's more important asset to have.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,664
  • Apr 8, 2015 4:59am Apr 8, 2015 4:59am
Quoting ZeF
EA Daily collapsing too after hitting multiple technical confluences (Thanks Emm for prev. comments); It sits now at weekly historical S/R, hopefully it will go through aided by recent selling. This collapse is going to be epic. {image}

on D chart, around 1.4000 will see potential support and the psych level.
But I can't imagine a strong Aussie can last that many days...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,665
  • Apr 8, 2015 5:03am Apr 8, 2015 5:03am
GU also looking good on the H1 - I like the fact that it is bouncing off the daily resistance in the channel.
Took part profit and letting the rest run at break-even till the 5ema is touched .
Attached Image (click to enlarge)
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Never give up !!!
  • #55,666
  • Apr 8, 2015 5:18am Apr 8, 2015 5:18am
Quoting emmanuel7788
{quote} That looks good to me. Previous Day was very bullish, today shallow retracement and we trade the continuation.

Thanks BigEmm
  • #55,667
  • Apr 8, 2015 5:19am Apr 8, 2015 5:19am
Quoting theunis
GU also looking good on the H1 - I like the fact that it is bouncing off the daily resistance in the channel. Took part profit and letting the rest run at break-even till the 5ema is touched . {image}

If you wait till price touch 5EMA, you will give back too much to the market.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Volatility 8 Apr.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,668
  • Apr 8, 2015 5:37am Apr 8, 2015 5:37am
Thanks for the comment - my reasoning is that I have take my main profit off the table and do not want to be taken out with a spike - normally the market will flatten as the momentum becomes less and then the 5ema catches up with the candles and when there is a reversal candle or two I get out. I have found that I maximize the last part of my profit that way.
Never give up !!!
  • #55,669
  • Apr 8, 2015 6:25am Apr 8, 2015 6:25am
Quoting arize
{quote} Noted on the importance on closing price. What is complete OHLC? Highest price has been + highest closing price etc?

Hi arize,

OHLC = Open High Low Close of the Japanese candlestick or price bar.

I posted something on candlesticks study quite long time ago. Find some time to study that and I am sure the knowlegde will make you a better PA trader with TMS 5-Method.

Profiting in Forex : Post#20,118 (by Steve Nison)

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,670
  • Apr 8, 2015 7:27am Apr 8, 2015 7:27am
Quote
Hi arize,
OHLC = Open High Low Close of the Japanese candlestick or price bar......

Hi! Emm 7788, thanx for sharing such an imp post.
regards.
Winners Never Quit, Quitters Never Win
  • #55,671
  • Apr 8, 2015 9:04am Apr 8, 2015 9:04am
Quoting emmanuel7788
{quote} H4 looking very good, so should be on target for you. I took TP1 +25pips now, and keep my initial SL at -50pips above EP. Will move to BE after market move +50pips and let TP3 position run into the NY session. {image}
TP hit at +50
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Focus on the process and the profits will follow
  • #55,672
  • Apr 8, 2015 9:07am Apr 8, 2015 9:07am
The trades taken today till now .
2 EU trades ,-4 pips and -3 pips
3 EA trades,+25,+50,+37
Attached Image(s) (click to enlarge)
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  • #55,673
  • Apr 8, 2015 9:51am Apr 8, 2015 9:51am
GBPCAD-H4..A good bounce from historical swing area
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Sad i'm not trying to understand PA
  • #55,674
  • Apr 8, 2015 10:06am Apr 8, 2015 10:06am
Quoting emmanuel7788
{quote} Hi arize, OHLC = Open High Low Close of the Japanese candlestick or price bar. I posted something on candlesticks study quite long time ago. Find some time to study that and I am sure the knowlegde will make you a better PA trader with TMS 5-Method. Profiting in Forex : Post#20,118 (by Steve Nison) regards,
Thanks emm that's a very good price action pdf
  • #55,675
  • Apr 8, 2015 10:12am Apr 8, 2015 10:12am
EJ H1 trades today ,and right now ,three of them TP hit.Still has one left ,targeting for +100 pips.
1 trade:-6 pips
2 trade:+60 pips
3 trade:+25 pips
4 trade:+50 pips
5 trade:going on
Thanks for Big emmanuel7788's help ,and Phx62' post ,but I am still a newbie ,and has a long way to study.
Attached Image (click to enlarge)
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  • #55,676
  • Apr 8, 2015 10:23am Apr 8, 2015 10:23am
Quoting Nik-Nyc
{quote} Yes, indeed i missed the MC . . . i knew i missed something :-) @Emmanuel, thanks for the PM with answer. Next test i will PM you my answer to avoid spoilers on the thread. Love these quizzes. Best, N PS I recommend all who want to learn more about TMS search for "candlestick patterns in tms.pdf" within the paperclip. It covers MC and many additional patterns. Incredibly useful and compiled by Emmanuel from FF, TMS, and James16 thread.
Hi,Nik-Nyc，
Can you help to find the "candlestick patterns in tms.pdf",i search for the thread ,and can't find the PDF.
Regards.
  • #55,677
  • Apr 8, 2015 10:44am Apr 8, 2015 10:44am
Quoting bigcakex
{quote} Hi,Nik-Nyc， Can you help to find the "candlestick patterns in tms.pdf",i search for the thread ,and can't find the PDF. Regards.
I think this is the PDF you are looking for......

http://www.forexfactory.com/showthre...97#post7188097
  • #55,678
  • Apr 8, 2015 10:49am Apr 8, 2015 10:49am
Quoting Pips92
{quote} I think this is the PDF you are looking for......
Hi,Pips92,i can't see the PDF in you post .
Would you post me again？
Thanks！
  • #55,679
  • Apr 8, 2015 10:51am Apr 8, 2015 10:51am
Quoting bigcakex
{quote} Hi,Nik-Nyc， Can you help to find the "candlestick patterns in tms.pdf",i search for the thread ,and can't find the PDF. Regards.

Post#28,601
http://www.forexfactory.com/showthre...97#post7188097
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,680
  • Apr 8, 2015 10:54am Apr 8, 2015 10:54am
Quoting emmanuel7788
{quote} Post#28,601 http://www.forexfactory.com/showthre...97#post7188097
Thanks a lot.Pips92 and emmanuel7788,I got it .
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