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  • #57,501
  • Jun 1, 2015 3:40am Jun 1, 2015 3:40am
Quoting OliverG
My first post. Went short on eur/jpy, entered at start of second candle. Reasons being good RTI cross angle, big round number above 136.000 which already got through, support to 135.500, both markets open so movement and no news due on either. Red RTI is pointing in direction of trade which helps and EMA sloping. Euro isn't so good either. Cons - stoch angle not so good! Also first candle not so good but at least larger wick in direction of trade. No perfect set up so will go to break even +1 asap. {image}

That is a A+++ H1 setup since the higher TF H4 price action shows a bearish reversal pattern with TDI confirm. that first price candle is very strong bearish momentum and is the breakout candle of the recent consolidation.

BTW, your chart looks like you are using the standard HeikenAshi and not the Average Price Bar. Which platform is your chart?

Stochastics angle is not one of the criteria for TMS setup. The PA + TDI angle is important.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,502
  • Jun 1, 2015 3:41am Jun 1, 2015 3:41am

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  • #57,503
  • Jun 1, 2015 3:48am Jun 1, 2015 3:48am

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  • #57,504
  • Jun 1, 2015 4:33am Jun 1, 2015 4:33am
Quoting emmanuel7788
{quote} That is a A+++ H1 setup since the higher TF H4 price action shows a bearish reversal pattern with TDI confirm. that first price candle is very strong bearish momentum and is the breakout candle of the recent consolidation. BTW, your chart looks like you are using the standard HeikenAshi and not the Average Price Bar. Which platform is your chart? Stochastics angle is not one of the criteria for TMS setup. The PA + TDI angle is important.
Thanks Emmanuel. I am looking forward to learning from you! I appreciate any comments. It's Trade Interceptor as trade from mobile phone. Not ideal. Oh yeah stochs is just direction, not angle to match TDI, cheers
  • #57,505
  • Jun 1, 2015 4:59am Jun 1, 2015 4:59am
Nice trade on EURAUD....,good for 54 pips.

Clear divergence on TDI and Stoch confirmation.

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There is no place for wimps
  • #57,506
  • Jun 1, 2015 6:31am Jun 1, 2015 6:31am
GBPJPY H1 +80
Almost a carbon copy of Friday's trade. Pending Order set just below S/R to catch momentum from news. CM managed trade TP1 +30, TP2 +50, CP +20
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GBPUSD H1 +126
Standard TMS entry on closing of LO APB. TP1 and TP2 handled by CM closed manually on the second bounce on the BRN
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Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,507
  • Jun 1, 2015 7:29am Jun 1, 2015 7:29am
Quoting Lookleft
GBPJPY H1 +80 Almost a carbon copy of Friday's trade. Pending Order set just below S/R to catch momentum from news. CM managed trade TP1 +30, TP2 +50, CP +20 {image} GBPUSD H1 +126 Standard TMS entry on closing of LO APB. TP1 and TP2 handled by CM closed manually on the second bounce on the BRN {image}
Right on the money buddy ...
  • #57,508
  • Jun 1, 2015 7:37am Jun 1, 2015 7:37am
Dear All,

I use Traders Dynamic Index which supposedly is the simplest of TDI indicators out there yet my platform gets stuck for a few seconds, i do have the london and newyork open boxes on my charts. Is this the normal problem faced by most or am I having some system issues?

Looking forward to all of your feedback.

Best Regards,
Raza
  • #57,509
  • Jun 1, 2015 7:43am Jun 1, 2015 7:43am
Quoting shr5
Dear All, I use Traders Dynamic Index which supposedly is the simplest of TDI indicators out there yet my platform gets stuck for a few seconds, i do have the london and newyork open boxes on my charts. Is this the normal problem faced by most or am I having some system issues? Looking forward to all of your feedback. Best Regards,
It is common for the terminal to hang for few seconds ...
It does help if you remove all un wanted Indi's ... Specifically any EA's ... as they get stuck into CPU ...
  • #57,510
  • Jun 1, 2015 8:31am Jun 1, 2015 8:31am
Hi, today trades:

EU - SL -50, The setup candle was FO candle but I always wait for London to close before made any orders, I belive there was no enough range to go lower, since it was already 70 pips from DO, any comments?
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and GU TP1 +25 TP2+50
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  • #57,511
  • Jun 1, 2015 9:59am Jun 1, 2015 9:59am
Quoting mokuro89
Hi, today trades: EU - SL -50, The setup candle was FO candle but I always wait for London to close before made any orders, I belive there was no enough range to go lower, since it was already 70 pips from DO, any comments? {image} and GU TP1 +25 TP2+50 {image}
Hi Mokuro,

Regarding the EU SL trade i think u are correct about the strong 70pip move during early session being a red flag. The only other considerations i can see are that you entered 6/7 pips from a RN 1.09000 (price has reacted to this level before as S&R), and you entered at the end of a candle that had a 50pip range itself. Personally i am wary of such large candles.

Good trading,
N
  • #57,512
  • Jun 1, 2015 10:08am Jun 1, 2015 10:08am
Quoting Lookleft
GBPJPY H1 +80 Almost a carbon copy of Friday's trade. Pending Order set just below S/R to catch momentum from news. CM managed trade TP1 +30, TP2 +50, CP +20 {image} GBPUSD H1 +126 Standard TMS entry on closing of LO APB. TP1 and TP2 handled by CM closed manually on the second bounce on the BRN {image}
Nice trades , took GJ trade at LO, was nice set and forget trade
I Have Learned to Take Some Losses to Make Profits
  • #57,513
  • Jun 1, 2015 10:20am Jun 1, 2015 10:20am
Quoting TheScorpS
{quote} Nice trades , took GJ trade at LO, was nice set and forget trade
Thanks TS. I was a bit nervous of the LO entry for GJ as there was to many wicks about for my liking.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,514
  • Jun 1, 2015 10:21am Jun 1, 2015 10:21am
Quoting adikashyap
{quote} Right on the money buddy ...
Thanks adi. Nice start to the week
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,515
  • Jun 1, 2015 10:33am Jun 1, 2015 10:33am
Just wondering how come none of you who trade E/A did not take a short at LO.
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the cautious seldom err....C
  • #57,516
  • Jun 1, 2015 10:49am Jun 1, 2015 10:49am
Quoting pips29
Just wondering how come none of you who trade E/A did not take a short at LO. {image}
I went short on EA at LO for a loss.

In hindsight it was counter trend, and followed a very sharp drop at FO (as oppose to a new downtrend formed over several hours). My trade was set & forget and had I been around at the PC I might have considered exit at BE after the double bottom formed and price began to pull back.
Focus on the process and the profits will follow
  • #57,517
  • Jun 1, 2015 10:55am Jun 1, 2015 10:55am
Quoting pips29
Just wondering how come none of you who trade E/A did not take a short at LO. {image}
Hi pips,
My reasoning is that if EA has a big move during the TO session, when that session ends (LO +2) there is going to be some profit taking so price could stall or reverse. I've noticed this on quite a few pairs so I tend to sit on my hands and wait.
There's probably more technical reasons but that is how my old brain works
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,518
  • Jun 1, 2015 11:21am Jun 1, 2015 11:21am
ZeF,
Your favorite reversal setup...
Hope all is well, haven't seen you around.
Thanks again for all the help!
Karado
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  • #57,519
  • Jun 1, 2015 11:30am Jun 1, 2015 11:30am
Quoting Ballistical
{quote} I went short on EA at LO for a loss. In hindsight it was counter trend, and followed a very sharp drop at FO (as oppose to a new downtrend formed over several hours). My trade was set & forget and had I been around at the PC I might have considered exit at BE after the double bottom formed and price began to pull back.
I knew you would have taken that trade but as you normally post at the end of the week I did not expect to hear from you so soon. I admire your honesty and your reasons for taking trades.
the cautious seldom err....C
  • #57,520
  • Jun 1, 2015 11:37am Jun 1, 2015 11:37am
Quoting Lookleft
{quote} Hi pips, My reasoning is that if EA has a big move during the TO session, when that session ends (LO +2) there is going to be some profit taking so price could stall or reverse. I've noticed this on quite a few pairs so I tend to sit on my hands and wait. There's probably more technical reasons but that is how my old brain works
Hi LL, sounds like a good reason not to take the trade. You are doing well with your trades. Keep on truckin'
the cautious seldom err....C
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