Hit TSL ... otherwise 100 piper ...
Attached Image (click to enlarge)
{quote} Here's the 3 trades I took yesterday and today - I just closed nr.3: {image} {image} I had 2 other TMS Breakevens on GA (whipsaws killing a lot of profit on this pair)...still struggling to find a magic number for the GA. London will offer every single week 2-3 70+pip trades for EA and GA, and probably other majors as well - I don't know, I don't watch other pairs. If you backtest PA around London Open, you will see very clear what will precede in 70% of cases a 100+pip move - it's either a Tokyo breakout, a PCRF, or a double top / double...
I do not really look beyond Eur.Jpy/Eur.Usd/Gbp.Usd and trade LO exclusively 90% of the time during the 1hr time frame, its a great method
- #56,926
- May 14, 2015 1:59pm May 14, 2015 1:59pm
{quote} For all beginners the above post is basically how to win at life fyi
- #56,927
- May 14, 2015 4:16pm May 14, 2015 4:16pm
- | Joined Mar 2014 | Status: Trader | 1,045 Posts
{quote} If only it was that simple
- #56,928
- May 14, 2015 5:15pm May 14, 2015 5:15pm
My trades today:
E-A: Price bounced off a trendline, and created a bullish tdi cross, not the first candle, but volatility is rising at that time, and 4h tdi is crossing up. 20/40pips, tp at the bearish trendline, tp reached, but i missed the nice trendline break. Next, price failed to make a new high 3 times, passed over the adr, and dropped, nice tdi cross, so i went short with 15/30pips, tp at support line, tp reached. After that, price bounced off the support line, and after a while, tdi crossed up, and a stronger candle appeared on h1 and h4, still no new high, so i opened a smaller risk long position with 20/40, tp reached, nice.
A-U: A very strong move at the start of my day, but it reached the adr and closed at a resistance line, i decided not to enter. Good decision, no new highs/lows, no trades today.
G-U: Starting very slow, moving along the trendlines. I went long after one line was broken, while candle looked strong on H4, it failed to make a new high, and trade was BE. Later it broke the 2 trendlines with a nice bearish tdi cross, i went short, but no moves anymore, i closed it by the end of my day with -10 pips.
E-A: Price bounced off a trendline, and created a bullish tdi cross, not the first candle, but volatility is rising at that time, and 4h tdi is crossing up. 20/40pips, tp at the bearish trendline, tp reached, but i missed the nice trendline break. Next, price failed to make a new high 3 times, passed over the adr, and dropped, nice tdi cross, so i went short with 15/30pips, tp at support line, tp reached. After that, price bounced off the support line, and after a while, tdi crossed up, and a stronger candle appeared on h1 and h4, still no new high, so i opened a smaller risk long position with 20/40, tp reached, nice.
A-U: A very strong move at the start of my day, but it reached the adr and closed at a resistance line, i decided not to enter. Good decision, no new highs/lows, no trades today.
G-U: Starting very slow, moving along the trendlines. I went long after one line was broken, while candle looked strong on H4, it failed to make a new high, and trade was BE. Later it broke the 2 trendlines with a nice bearish tdi cross, i went short, but no moves anymore, i closed it by the end of my day with -10 pips.
- #56,929
- May 14, 2015 5:29pm May 14, 2015 5:29pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} If only it was that simple
The trading method is simple. It is known as the 5-Method and it will take time to learn it and requires lots of realtime practice in live market to master this trading method.
New comers to TMS should read Post#55,982 and follow those links to get a good start. The other way is to start reading from Post#1 and complete 56k posts.
A lot of work have been done by many traders and shared here. You can learn for these shared experiences and pick what fits you.
Have a Good Learning and Trading journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #56,930
- May 14, 2015 5:41pm May 14, 2015 5:41pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
Hi Big Emm! What are the pairs that you trade on daily TF? Dailies suits me owing to my job and other preoccupations, but i'm certainly struggling with Dailies. Any suggestion/guidance/tips, how i can trade successfully on Dailies? Regards,
I do my Big Picture Planning for 15 currency pairs. I monitor them on regular basis.
But I do not trade all 15 pairs at the same time. I pick only what I see as A+++ setups and limit my risk to 2% equity for each currency pair I decided to trade and the maximum exposure is 10%, i.e. not more that 5 currency pairs traded at the same cycle.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #56,932
- May 14, 2015 7:33pm May 14, 2015 7:33pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
Trading the higher timeframe HTF charts like H4 and D1 requires more work than just the TDI cross and APB change colour.
Look at the GBPAUD H4 example below using the default TDI setting.
Ask yourself, ...
what you need to do when you trade HTF charts?
Look at the GBPAUD H4 example below using the default TDI setting.
Ask yourself, ...
what you need to do when you trade HTF charts?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #56,934
- May 14, 2015 10:14pm May 14, 2015 10:14pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #56,935
- May 14, 2015 10:18pm May 14, 2015 10:18pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
GBPAUD H4, using a different TDI version shows different TDI condition.
Compare with the earleir chart posted above,
this one below use the Syngergy_Pro_TDI
How do you grade big candles and small candles?
If your Day bias is to be buyer, you should be in the market already ...
Compare with the earleir chart posted above,
this one below use the Syngergy_Pro_TDI
How do you grade big candles and small candles?
If your Day bias is to be buyer, you should be in the market already ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} Hi Trader, The indicator was posted by member adikashyap - http://www.forexfactory.com/showthre...12#post8262412 {quote} Hi Emmanuel, Just crossed my mind ... I use Synergy_APB with the Synergy_Pro_Tdi. Is there a difference in the APB formula between the APB and Pro_Apb, besides the PAC? I've watched Malone's vids explaining the two but can't remember anything nor do I see any difference on charts.
BTW, you rock man
.Thx,
Cris
- #56,939
- May 15, 2015 1:05am May 15, 2015 1:05am
{quote} Hi Trader, The indicator was posted by member adikashyap - http://www.forexfactory.com/showthre...12#post8262412 {quote} Hi Emmanuel, Just crossed my mind ... I use Synergy_APB with the Synergy_Pro_Tdi. Is there a difference in the APB formula between the APB and Pro_Apb, besides the PAC? I've watched Malone's vids explaining the two but can't remember anything nor do I see any difference on charts.
I did a lot of side by side testing of the 2 APB versions and found that there was no difference in body or wick size etc. The only real difference with the Pro version is the color of the wicks which are grey for consolidation or opposite to body color for trend change (if you find that useful
). Obviously you can turn off the PAC.cheers
Never argue with a fool; onlookers may not be able to tell the difference.