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TMS for M30 charts

  • #3,361
  • May 13, 2015 2:18am May 13, 2015 2:18am
waiting for EA short...need to wait for current apb closed below that green line...

Quoting likica
waiting for EA short...need to wait for current apb closed below that green line... {image}
everyone who took this short should be happy with at least +45 green
Attached Image (click to enlarge)
Click to Enlarge Name: 13.5.15 EA m30 short potential LO.png Size: 86 KB
Appreciation is the key to wealth and happiness
  • #3,362
  • May 13, 2015 3:43am May 13, 2015 3:43am
is it safe to buy after big release? GS with nice entry setup
  • #3,363
  • May 13, 2015 3:56am May 13, 2015 3:56am
Quoting mokuro89
is it safe to buy after big release? GS with nice entry setup
I m in GJ GU long...
Appreciation is the key to wealth and happiness
  • #3,364
  • May 13, 2015 4:50am May 13, 2015 4:50am
First trade today.

Euro aus 92 PIPS BANKED.

I hope you all got in here. Likica I know you were watching this one as well.
Attached Image (click to enlarge)
Click to Enlarge Name: eur aus.jpg Size: 188 KB
  • #3,365
  • May 13, 2015 4:55am May 13, 2015 4:55am
About to enter gbp usd short, looking good
  • #3,366
  • May 13, 2015 5:30am May 13, 2015 5:30am
Quoting longman72
First trade today. Euro aus 92 PIPS BANKED. I hope you all got in here. Likica I know you were watching this one as well. {image}
You did well LM. I didn't catch EU, got 45 green ea from EA & ECAD, stopped out of GU GJ long
in GA GU GJ shorts atm...
Appreciation is the key to wealth and happiness
  • #3,367
  • May 13, 2015 6:17am May 13, 2015 6:17am
Quoting likica
{quote} You did well LM. I didn't catch EU, got 45 green ea from EA & ECAD, stopped out of GU GJ long in GA GU GJ shorts atm...
Thanks Likica,

I am not as brave as you to short gbp aus and gbp jap but I am short gbp usd and eur jap,.

Managed to get another 28 pips on the eur aus on re entry, Could see that it was going for another dip down into 30 area where it looks like divergance will form.
  • #3,368
  • May 13, 2015 6:30am May 13, 2015 6:30am
Quoting likica
{quote} You did well LM. I didn't catch EU, got 45 green ea from EA & ECAD, stopped out of GU GJ long in GA GU GJ shorts atm...
I got TP on CJ CU and SL on GJ GU, BE for today

Im using a R:R of 1:1, on M30 and H1, still not confident enought on my trades to have a better R:R, usually setting SL crossing PA or last swing, im kind stuck on this, seems that I need apprimorate something on risk management but idk what...
what are you guys toughts about R:R of 1:1?
  • #3,369
  • May 13, 2015 10:06am May 13, 2015 10:06am
This has been one hell of a frustrating day, good pips this morning then gave them all back this afternoon.

Stopped out of gbpusd and eur jap.
  • #3,370
  • May 13, 2015 10:33am May 13, 2015 10:33am
Quoting mokuro89
{quote} I got TP on CJ CU and SL on GJ GU, BE for today Im using a R:R of 1:1, on M30 and H1, still not confident enought on my trades to have a better R:R, usually setting SL crossing PA or last swing, im kind stuck on this, seems that I need apprimorate something on risk management but idk what... what are you guys toughts about R:R of 1:1?
How many pips stop loss do you use Mokuro?
  • #3,371
  • May 13, 2015 10:42am May 13, 2015 10:42am
Quoting longman72
{quote} How many pips stop loss do you use Mokuro?
I dont use a fixed number os pips, I use a fixed % of my equity and put the SL behind the last swing or cross PA
example:
Attached Image

USDCAD today, SL behind the PA and last swing, 25 pip SL and 25 pip TP 1:1 R:R, It could be 30, the TP would be 30 either

But i'm not sure if this is the best aproach, neither i'm sure about the R:R ratio
  • #3,372
  • May 13, 2015 11:36am May 13, 2015 11:36am
Makuro,,

I always set a 50 pip emergency stop but then monitor the trade as it goes. When the trade is up 25 pips I move my stop to break even then its a free trade with no pressure. If the apb has a shadow wick or tdi turns and things turn against me I like to get out before I lose full 50 pips. You need to check your pac as well and if apb closes above or below the 5 ma against me , then im out the trade.

Now if trade moves in my direction I dont close untll I see any of the above happening. Just observe price action at resistance levels, if there are no wicks and no kink in tdi and price still outside the pac do not close the trade. By doing this your return will over time be higher than your losses and you will find you get a lot of 2 -1 and even 3 -1. Study big OM posts to see how this is done.
  • #3,373
  • May 13, 2015 12:03pm May 13, 2015 12:03pm
Quoting longman72
Makuro,, I always set a 50 pip emergency stop but then monitor the trade as it goes. When the trade is up 25 pips I move my stop to break even then its a free trade with no pressure. If the apb has a shadow wick or tdi turns and things turn against me I like to get out before I lose full 50 pips. You need to check your pac as well and if apb closes above or below the 5 ma against me , then im out the trade. Now if trade moves in my direction I dont close untll I see any of the above happening. Just observe price action at resistance levels, if there...
Longman, thanks for your reply, it is interesting approach, I've tried no TP and monitor the trade before, manual moving SL to BE is not a problem, but for me I need something more like 'set and forget', if I monitor a trade w/o TP every retrace drive me nuts
big OM = Omonisha? I'm always checking his posts, already subscribed, its a higher level of trading
  • #3,374
  • May 13, 2015 9:29pm May 13, 2015 9:29pm
Quoting jgadefelth
You split the trade into 3 different targets but what is the stop ? 1:1 better ? See this also in trading made simple that most split their target into 3 parts. Best regards
hi J,
I am not expert in doing what you asked, if you want a good answer pls find it from TMS where Emman posted his comments.
I usually set my PT/SL around S/R and will adjust along if I monitor my trades such as exit +30 +50 +,...small part will be running with SL@ BE and will exit all when opposite apb appears. Risk:Reward at 1:1 or 1:2 will depend on S/R nearby...
Appreciation is the key to wealth and happiness
  • #3,375
  • May 13, 2015 9:32pm May 13, 2015 9:32pm
Quoting longman72
This has been one hell of a frustrating day, good pips this morning then gave them all back this afternoon. Stopped out of gbpusd and eur jap.
It was a tough day...maybe a good head massage by a hairdresser would be nice and your face should look happy to welcome a new day...
Appreciation is the key to wealth and happiness
  • #3,376
  • May 13, 2015 9:51pm May 13, 2015 9:51pm
GA EA long with divergence ( counter trend)
Attached Image (click to enlarge)
Click to Enlarge Name: 14.5.15 GA EA M30 div long@12.45pm aedt.png Size: 113 KB
Appreciation is the key to wealth and happiness
  • #3,377
  • May 13, 2015 10:41pm May 13, 2015 10:41pm
excelente
  • #3,378
  • May 14, 2015 12:38am May 14, 2015 12:38am
Hello All,


Setup on GJ

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-14-5-15.PNG Size: 40 KB
Raza
  • #3,379
  • May 14, 2015 1:14am May 14, 2015 1:14am
Quoting likica
GA EA long with divergence ( counter trend) {image}
Excellent trading as always.

Are these two setting up for a hidden divergence trades inline with the trend?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud 14-5-2015.PNG Size: 39 KB
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-14-5-2015.PNG Size: 41 KB
Raza
  • #3,380
  • May 14, 2015 1:53am May 14, 2015 1:53am
Quoting longman72
First trade today. Euro aus 92 PIPS BANKED. I hope you all got in here. Likica I know you were watching this one as well. {image}
longman : Would very much appreciate if you could share your Forex Factory Calendar Headlines indicator? It looks cool and unintrusive on the chart!! Many thanks longman!!

likica: Very nice thread!!
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