Dear emmanuel, thank you so much for your kind guidance. This is tremendous help and you have saved me so much time (and for all newcomers). I am happy to be part of this community.
- Post #55,983
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- Edited 3:02am Apr 17, 2015 2:42am | Edited 3:02am
1 year and 4 months into TMS, but I am hardly profitable. What is wrong? 
In EA, I am seeing a bearish trend in both monthly and weekly charts. As for the day, it has yet to form a 4-6 TDI.
For H4, I am seeing a retracement and waiting for a cross on the TDI to continue the trend with the support TP of 1.371 region. Am I analysing it correctly?
In EA, I am seeing a bearish trend in both monthly and weekly charts. As for the day, it has yet to form a 4-6 TDI.
For H4, I am seeing a retracement and waiting for a cross on the TDI to continue the trend with the support TP of 1.371 region. Am I analysing it correctly?
- Post #55,984
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- Apr 17, 2015 3:12am Apr 17, 2015 3:12am
- | Membership Revoked | Joined Feb 2014 | 438 Posts
1 year and 4 months into TMS, but I am hardly profitable. What is wrong?
But, the way I see it, both W and M candles are almost teasing very strong Support levels ....... Look Left .........
- Post #55,985
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- Apr 17, 2015 3:30am Apr 17, 2015 3:30am
- Joined Nov 2008 | Status: Member | 46,845 Posts
1 year and 4 months into TMS, but I am hardly profitable. What is wrong?
Professionals like doctors, surgeons, dentists, lawyers,... they take many years to study, learn, practise, ... before they earn the right to practice.
You want to be a trader?
To be a trader, it is to be a professional, it takes time to become one.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- Post #55,986
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- Apr 17, 2015 3:33am Apr 17, 2015 3:33am
1 year and 4 months into TMS, but I am hardly profitable. What is wrong?
Go to the daily (if you're doing H1 or H4) and zoom as far as you can go.
PA is on a bottom line where it just broke through March 2015 lows and hanging around August 2014 lows. Also around the 1.4 RN. This is too much fundamentals for me to try and read PA - market was choppy this week bouncing off these levels and taking out buyers and sellers alike.
Until price breaks free of these fundamental hooks (aided by some news hopefully), I will stay out of EA.
Hope this helps.
Best regards, Zef
- Post #55,987
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- Apr 17, 2015 3:56am Apr 17, 2015 3:56am
Dear Emman,
Thanks, I will try harder.
Dear ZeF,
Got that. Guess I was being not discipline enough to follow my rules. Mostly, I dwindled down on overtrading too much and being too vengeful
Thanks, I will try harder.
Dear ZeF,
Got that. Guess I was being not discipline enough to follow my rules. Mostly, I dwindled down on overtrading too much and being too vengeful
- Post #55,988
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- Apr 17, 2015 4:04am Apr 17, 2015 4:04am
- Joined Dec 2013 | Status: Member | 1,680 Posts
{quote} As always, nice trades OS! I'm a big fan of the clean charts. Keep it up!
{quote} Perfect catch OS , well done and executed Missed all the good run after LO set the low on the pairs I watch , good day after all
Ballistical i like your chart too they are very clean easy to read. TS i was on that EA too almost exactly at the same area but misclicked close it for +14.GBPNZD-H1
Sad i'm not trying to understand PA
- Post #55,990
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- Apr 17, 2015 5:01am Apr 17, 2015 5:01am
- Joined Feb 2013 | Status: Member | 432 Posts
1 year and 4 months into TMS, but I am hardly profitable. What is wrong?
I completely understand your frustration. Trust me when I say, I've been there.
My advice would be to pick a pair and pick a time-frame. Don't be tempted to even open any other charts for 6-12 months. Make your trading as simple as possible while your learning. You can add multiple TF confirmation, multiple pairs, multiple entries etc. once you're seeing some consistency in your results. This also forces you to be patient and disciplined with your trade setup's.
I used to have 8-10 charts open at a time, but didn't turn my trading around until I got rid of all but one. It won't happen over-night but try it for 6-12 months and see how you go.
Best of luck!
Ballistical
Focus on the process and the profits will follow
- Post #55,992
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- Apr 17, 2015 5:18am Apr 17, 2015 5:18am
- Joined Nov 2012 | Status: Member | 2,337 Posts
I Have Learned to Take Some Losses to Make Profits
- Post #55,993
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- Apr 17, 2015 5:21am Apr 17, 2015 5:21am
- Joined Nov 2012 | Status: Member | 2,337 Posts
{quote} {quote} Thanks for the support
I Have Learned to Take Some Losses to Make Profits
- Post #55,995
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- Apr 17, 2015 6:13am Apr 17, 2015 6:13am
- Joined Jun 2013 | Status: Membership Rewarded | 3,185 Posts
Risiko birgt immer auch die Chance.
- Post #55,996
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- Apr 17, 2015 6:41am Apr 17, 2015 6:41am
- | Membership Revoked | Joined Feb 2014 | 438 Posts
1 year and 4 months into TMS, but I am hardly profitable. What is wrong?
But, the way I see it, both W and M candles are almost teasing very strong Support levels ....... Look Left .........
- Post #55,997
- Quote
- Apr 17, 2015 6:52am Apr 17, 2015 6:52am
- Joined Nov 2008 | Status: Member | 46,845 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- Post #55,998
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- Apr 17, 2015 7:14am Apr 17, 2015 7:14am
- | Joined Apr 2015 | Status: Member | 255 Posts
Take What You Can , Give Nothing Back
- Post #55,999
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- Apr 17, 2015 7:21am Apr 17, 2015 7:21am
- Joined Nov 2008 | Status: Member | 46,845 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- Post #56,000
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- Apr 17, 2015 7:25am Apr 17, 2015 7:25am
- Joined Nov 2008 | Status: Member | 46,845 Posts
{quote} We had the day Inside Bar breakout and the price moved nicely in the rising channel drawn. First taregt at the 200EMA was good. With the IB breakout, the 2nd target at the top of the rising got hit. Looks like we have seen a bullish reversal but still early to confirm on D1 chart. Today is bullish bias with yesterday's bullish candle close. http://www.forexfactory.com/attachme...1&d=1429223799{image}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett