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TMS for M30 charts

  • #4,381
  • Jun 17, 2015 3:18am Jun 17, 2015 3:18am
To day started 3o minutes before LO and took some trade of CHF cross pairs in addition to normal pair. TP was very small 10-15 pips.

CadCHF (two trades 37+)
CHFJPY (28+)
EA (38+)
ECAD (48+) in 3 trades
NCHF +28

I am still learning, need to learn how to manage the trade. Mostly entry is ok but early exit is an issue. How to manage drawdown ?

Thanks every one for your help.
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  • #4,382
  • Jun 17, 2015 3:18am Jun 17, 2015 3:18am
Quoting omonisha
EURAUD-H1 {image}
Nice and nicer by now.
my GCAD long PT filled
Attached Image (click to enlarge)
Click to Enlarge Name: 17.6.15 GCAD H1 M30 hid div off 50ma, H4 BO long@4.50pm aedt (near LO), PT filled@6.13pm aedt.png Size: 91 KB
Appreciation is the key to wealth and happiness
  • #4,383
  • Edited 4:18am Jun 17, 2015 3:19am | Edited 4:18am
Quoting omonisha
EURAUD-H1 {image}
master blaster OS ...

EA +50+50+50+60pips ... last PT@RN ... nice steady PA this time

EDT: took another 50pips ... EU bounced off trendline heading south - PA stalled on EA
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  • #4,384
  • Edited 4:19am Jun 17, 2015 3:26am | Edited 4:19am
GA +50+50+50pips one PT@60pips the other near RN (same as EA)...

EDT: 60pips hit then last PT got to 120pips
Attached Image (click to enlarge)
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  • #4,385
  • Jun 17, 2015 3:27am Jun 17, 2015 3:27am
Quoting likica
{quote} Nice and nicer by now. my GCAD long PT filled {image}
Excellent trading LK. GCAD-H4 currently following a trend line i guess
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-17_14-25-07GBPCAD-H4.png Size: 31 KB
Sad i'm not trying to understand PA
  • #4,386
  • Jun 17, 2015 3:27am Jun 17, 2015 3:27am
Quoting mkfx
To day started 3o minutes before LO and took some trade of CHF cross pairs in addition to normal pair. TP was very small 10-15 pips. CadCHF (two trades 37+) CHFJPY (28+) EA (38+) ECAD (48+) in 3 trades NCHF +28 I am still learning, need to learn how to manage the trade. Mostly entry is ok but early exit is an issue. How to manage drawdown ? Thanks every one for your help. {image} {image} {image} {image} {image}
outstanding MK

Quoting likica
{quote} Nice and nicer by now. my GCAD long PT filled {image}
nice shot LK - i dont know much about GCad... a bit the same ECad?
  • #4,387
  • Jun 17, 2015 3:30am Jun 17, 2015 3:30am
GBPNZD-WK...moving since the news 5 days back like a rocket
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-17_14-17-00-GBPNZD-WK.png Size: 29 KB
Sad i'm not trying to understand PA
  • #4,388
  • Jun 17, 2015 3:32am Jun 17, 2015 3:32am
Quoting omonisha
GBPNZD-WK...moving since the news 5 days back like a rocket {image}
Jesus "O"....! I've never seen anything like that !!!!
  • #4,389
  • Jun 17, 2015 3:33am Jun 17, 2015 3:33am
Quoting mkfx
To day started 3o minutes before LO and took some trade of CHF cross pairs in addition to normal pair. TP was very small 10-15 pips. CadCHF (two trades 37+) CHFJPY (28+) EA (38+) ECAD (48+) in 3 trades NCHF +28 I am still learning, need to learn how to manage the trade. Mostly entry is ok but early exit is an issue. How to manage drawdown ? Thanks every one for your help. {image} {image} {image} {image} {image}
what a pip collection .
Have a set of trading rules ( the one that make lots of winners for you and the pairs) stick with a few and master it which mean your entries within your rules and stay with the trade...
I m not sure your question 'How to manage drawdown ?' Did you mean you don't know how to handle your loss or you don't know how to manage your trade when the current candle moving up and down? To answer the second one, rethink why you entered and if all within your rules, stay with it unless news out...S/R is very important to make you stay...Hope it makes sense.
Appreciation is the key to wealth and happiness
  • #4,390
  • Jun 17, 2015 3:33am Jun 17, 2015 3:33am
Quoting omonisha
GBPNZD-WK...moving since the news 5 days back like a rocket {image}
............
  • #4,391
  • Jun 17, 2015 3:35am Jun 17, 2015 3:35am
Quoting sknight1
{quote} Jesus "O"....! I've never seen anything like that !!!!
netheir have I.
To OS GS.
I think FF got frozen after traders seeing those GN pips
Hope Red bagged good one from NU too
BTW, what made GU moving up while the numbers out not green...?
Appreciation is the key to wealth and happiness
  • #4,392
  • Jun 17, 2015 3:37am Jun 17, 2015 3:37am
Quoting likica
{quote} netheir have I. To OS GS. I think FF got frozen after traders seeing those GN pips
OS will now tells us that he is just learning - just starting out ...
  • #4,393
  • Jun 17, 2015 3:37am Jun 17, 2015 3:37am
GCAD +45

It was very late entry but GBP pairs were up so I took it.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 57 KB
  • #4,394
  • Jun 17, 2015 3:41am Jun 17, 2015 3:41am
Quoting griffinssoul
GA +50+50+50pips one PT@60pips the other near RN (same as EA)... {image}
ok - got 120pips out of GA - when news hit i had a +50pips SL - feels like peanuts compared to OS

Quoting mkfx
GCAD +45 It was very late entry but GBP pairs were up so I took it. Thanks {image}
thats a momentum trade MK - and you timed it well - risky though
  • #4,395
  • Jun 17, 2015 3:44am Jun 17, 2015 3:44am
Quoting griffinssoul
{quote} OS will now tells us that he is just learning - just starting out ...
yea u r right...he s just starting to make bigger bag...making me think that I ve not done any homework yet
Appreciation is the key to wealth and happiness
  • #4,396
  • Jun 17, 2015 3:45am Jun 17, 2015 3:45am
Quoting likica
{quote} netheir have I. To OS GS. I think FF got frozen after traders seeing those GN pips Hope Red bagged good one from NU too BTW, what made GU moving up while the numbers out not green...?
is wasnt USD - its down... GBP strong
  • #4,397
  • Jun 17, 2015 3:46am Jun 17, 2015 3:46am
Quoting likica
{quote} netheir have I. To OS GS. I think FF got frozen after traders seeing those GN pips Hope Red bagged good one from NU too BTW, what made GU moving up while the numbers out not green...?
And lucky me, I was on the wrong side of several gbp pairs that shot straight north, attempting to catch a counter-trend trade on an advanced pattern setup. Damn it. I should just start trading the LO breakout. God, I have missed and / or lost so many pips by screwing around trying to do advanced crap... when really, the simple stuff (like a LO break out) would work just as well if not better.
  • #4,398
  • Jun 17, 2015 3:47am Jun 17, 2015 3:47am
Quoting omonisha
GBPNZD-WK...moving since the news 5 days back like a rocket {image}
OS, Can I borrow those +1600 pips from your GN to stick on my GN chart for a moment plzz
Appreciation is the key to wealth and happiness
  • #4,399
  • Jun 17, 2015 3:49am Jun 17, 2015 3:49am
Quoting griffinssoul
{quote} is wasnt USD - its down... GBP strong
Personally, I say screw the news. It doesn't matter... you can't predict what the news will be, nor can you predict what kind of reaction (if any, or opposite) that big money will have to that news. You can't even back-test it. Well, I haven't been able to figure out a way to back test for taking news events into account.
  • #4,400
  • Jun 17, 2015 3:49am Jun 17, 2015 3:49am
Quoting likica
{quote} OS, Can I borrow those +1600 pips from your GN to stick on my GN chart for a moment plzz
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