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  • #8,121
  • Jul 13, 2015 12:56am Jul 13, 2015 12:56am
Hello Colleagues! Give me a schedule of the M15 but with cloud Ishimoku and Heiken Ashi below, please. I have an idea.
  • #8,122
  • Jul 13, 2015 2:09am Jul 13, 2015 2:09am
TMAM15 is hit we got momentum. We got Higher High on H1 and a Higher low. Waiting on pull back below the cloud. Let's see if we can get an entry. What we dont want to see though is a break below the last swing low of that m1 chart. Otherwise this trade is a scratch.
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  • #8,123
  • Jul 13, 2015 2:22am Jul 13, 2015 2:22am
Quoting maflip
TMAM15 is hit we got momentum. We got Higher High on H1 and a Higher low. Waiting on pull back below the cloud. Let's see if we can get an entry. What we dont want to see though is a break below the last swing low of that m1 chart. Otherwise this trade is a scratch. {image} {image}
Looks like its not going to give me a below the cloud pullback. Some people here trades the touch of the cloud retracement then a babon entry but my preference is a below the cloud pullback then a TMAM1/M5 or thru the cloud entry. I miss trades but I think its the safest.
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  • #8,124
  • Jul 13, 2015 2:47am Jul 13, 2015 2:47am
Example of a scratch. EU traded below the last swing low. Now EJ is a scary thing to go long. EU and EJ moves in tandem most of the time.
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  • #8,125
  • Jul 13, 2015 3:33am Jul 13, 2015 3:33am
+9 pips at M1/M5 entry, support is not yet broken. I'm actually looking for more actually target is 21 pips but it touched the cloud and babon turned red. If it goes thru the cloud I'm going to re enter long.
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  • #8,126
  • Jul 13, 2015 3:37am Jul 13, 2015 3:37am
Hiya boss
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  • #8,127
  • Jul 13, 2015 7:55am Jul 13, 2015 7:55am
AU +10... I'm also looking at possible GU short but I'm weary about this one. Price is still above H1 support. This down move on GU might just be a pullback.
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  • #8,128
  • Jul 13, 2015 9:52am Jul 13, 2015 9:52am
hey guys today im again in front of my screen and looking for some trades...

took 1 short trade some minutes ago and i think i have a problem with the SL - what SL do u guys set? straight 12-15pips or something like me - I took last High (just to see price hit my SL for like 1pip and after it goes back in my favour). I dont understand how fav and others can trade this system steady profitable... any advice guys?!

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  • #8,129
  • Jul 13, 2015 10:03am Jul 13, 2015 10:03am
Quoting themoney
hey guys today im again in front of my screen and looking for some trades... took 1 short trade some minutes ago and i think i have a problem with the SL - what SL do u guys set? straight 12-15pips or something like me - I took last High (just to see price hit my SL for like 1pip and after it goes back in my favour). I dont understand how fav and others can trade this system steady profitable... any advice guys?! {image}
I use the last fractal box as a stop loss. Your sl is too small it should be something like last swing high or above that cloud your trade is in. I dont dont believe in static stop loss such as 10 pips etc as volatility always changes. measure you sl and how far it is to the yellow line (target) if it's at least 1:1 take it. If not next trade rr is not in your favor. If there is plenty of volatility sometimes i use the TMA15 top and bottom as tp.
  • #8,130
  • Jul 13, 2015 10:14am Jul 13, 2015 10:14am
Quoting themoney
hey guys today im again in front of my screen and looking for some trades... took 1 short trade some minutes ago and i think i have a problem with the SL - what SL do u guys set? straight 12-15pips or something like me - I took last High (just to see price hit my SL for like 1pip and after it goes back in my favour). I dont understand how fav and others can trade this system steady profitable... any advice guys?! {image}
Hello themoney,

Please note that Your SL should be your emergency stop loss

Please pay attention:

- If you like the Price Action (HH,HL,LH,LL)

- If If the price moves in your direction (momentum)

- If you're sure about your decision (check conditions one more time, whether TMA M1 has a good angle, TMA M5 is in correct distance from price, check H1 BP etc.)

- If the volality is not too high, so it can hit your SL so easy (high volality means strong impulses and strong corrections)

If you DO NOT like PA, price IS NOT moving in your direction, you're NOT SURE about your decision or if the volatile IS too high - please consider closing your trade with small profit or small loss. If the situation improves- you can always re-entry.

Plese note that I also use something like TIMING STOP LOSS - If the price is not moving in my direction in some time - i would better close it with small profit or small loss, because if it is not moving, it usually means that it will go opposite my direction or means ranging market (so it can easily hit your SL and then immediately go in right direction)

Hope it would help

Regards, Michael
Aggressive, High Risk, High Gain, High Accuracy
  • #8,131
  • Jul 13, 2015 10:15am Jul 13, 2015 10:15am
Quoting maflip
{quote} I use the last fractal box as a stop loss. Your sl is too small it should be something like last swing high or above that cloud your trade is in. I dont dont believe in static stop loss such as 10 pips etc as volatility always changes. measure you sl and how far it is to the yellow line (target) if it's at least 1:1 take it. If not next trade rr is not in your favor. If there is plenty of volatility sometimes i use the TMA15 top and bottom as tp.
Look where my stop is on my last AU trade. Trade explorer still left a small horizontal line there. I circled it red. RR on this trade is 1:1. It went down more but at the time I took the trade its so close to H1 support and it hasn't been broken yet. AU went down more afterwards after H1 support is broken.
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  • #8,132
  • Jul 13, 2015 11:01am Jul 13, 2015 11:01am
Demo trade only ok. Because its US lunch time. But if it wasnt US lunch time I'd take this live. Others here would wait for TMAM1 middle line to go up the cloud. But I would say this is a counter trend TMAM1/M5 but at the direction of the H1 trend.
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  • #8,133
  • Jul 13, 2015 11:10am Jul 13, 2015 11:10am
Quoting maflip
Demo trade only ok. Because its US lunch time. But if it wasnt US lunch time I'd take this live. Others here would wait for TMAM1 middle line to go up the cloud. But I would say this is a counter trend TMAM1/M5 but at the direction of the H1 trend. {image}
Stopped out. So the lesson is do not take trade when it is lunch time. hah hah
  • #8,134
  • Jul 13, 2015 12:11pm Jul 13, 2015 12:11pm
Quoting maflip
{quote} Look where my stop is on my last AU trade. Trade explorer still left a small horizontal line there. I circled it red. RR on this trade is 1:1. It went down more but at the time I took the trade its so close to H1 support and it hasn't been broken yet. AU went down more afterwards after H1 support is broken. {image}
hey maflip, thanks for your input, the setting with the fractal box looks nice, can u maybe share the indi? putting SL on last swing high /low is too much in my opinion as we trade m1 (smaller targets and I want a minimum R:R of 1:1 so catching a 20-30pip move is MUCH more difficult than like 10pips). maybe im wrong?

and @ pretorian, thank you too, i was kinda unhappy about price breaking the last high (im comming from bigger timeframes and give much respect to this). So i closed at - 7. But looking now back, it was more like noise in the market, not a real last high that was broken, i make this misstake a lot just closing to early beacuse i feel unsafe! after i closed my position, i had the chance to reenter again, but i was too scared. every loss makes me unsafer for the next trade -_-


some psychological tipps?`

greetings, the money
  • #8,135
  • Jul 13, 2015 12:40pm Jul 13, 2015 12:40pm
Quoting themoney
pretorian, thank you too, i was kinda unhappy about price breaking the last high (im comming from bigger timeframes and give much respect to this). So i closed at - 7. But looking now back, it was more like noise in the market, not a real last high that was broken, i make this misstake a lot just closing to early beacuse i feel unsafe! after i closed my position, i had the chance to reenter again, but i was too scared. every loss makes me unsafer for the next trade -_- some psychological tipps?` greetings, the money
My trading and my emotions improved very much, when i hid a "terminal" window (the one at the bottom of the MT4) I started counting "pips", NOT counting a money Of corse i know more or less how much did i score or i loss (this is because i know how many $ per pip i have), but UNTIL i see it by my eyes - i'm at the state "peace of mind". And i check it only after my trading hours ends and I'm done for that day It really helped me

Regards, Michael
Aggressive, High Risk, High Gain, High Accuracy
  • #8,136
  • Jul 13, 2015 12:59pm Jul 13, 2015 12:59pm
Quoting themoney
{quote} hey maflip, thanks for your input, the setting with the fractal box looks nice, can u maybe share the indi? putting SL on last swing high /low is too much in my opinion as we trade m1 (smaller targets and I want a minimum R:R of 1:1 so catching a 20-30pip move is MUCH more difficult than like 10pips). maybe im wrong? and @ pretorian, thank you too, i was kinda unhappy about price breaking the last high (im comming from bigger timeframes and give much respect to this). So i closed at - 7. But looking now back, it was more like noise in the...
It's on post 8099. http://www.forexfactory.com/showthre...76#post8362476

Actually, I also trade the M15.

Need lots of practice learning price action rather than indicator to be profitable. For example, on the USDCAD trade if you look at H1 chart it was silly of me to go long. Because on H1 there's a pinbar reversal but TDI and Heikin Ashi is still bullish.

There's a link here somewhere if you read Favorites Ebook to learn price action.

For analysis, price action first then indicator.
  • #8,137
  • Jul 14, 2015 1:43am Jul 14, 2015 1:43am
UJ +9 M1/M5 entry
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  • #8,138
  • Jul 14, 2015 5:04am Jul 14, 2015 5:04am
Hah hah thanks for the speech Carney. I saw the big spike up on GJ and figured EJ's gotta follow. Plus, I have a valid long entry.

That was some quick profit there.

EJ +16 pips
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  • #8,139
  • Jul 14, 2015 7:07am Jul 14, 2015 7:07am
Quoting pretorian1
{quote} My trading and my emotions improved very much, when i hid a "terminal" window (the one at the bottom of the MT4) I started counting "pips", NOT counting a money Of corse i know more or less how much did i score or i loss (this is because i know how many $ per pip i have), but UNTIL i see it by my eyes - i'm at the state "peace of mind". And i check it only after my trading hours ends and I'm done for that day It really helped me Regards, Michael

thanks, i already use pips instead of $ - helped a little bit need more time to practice!

@ maflip, thanks for the indi, will test it

a new afternoon, a new chance^^

hf, greetings, the money
  • #8,140
  • Edited 8:42am Jul 14, 2015 8:19am | Edited 8:42am
one again...

thought i can take some pips of the correction... market dont like me... -8...

looked like tma1 under the cloud... NOPE

edit: look at the second picture... i had to close it, move was like 16pips so the "emergency" sl would get hit also... but again it goes in my favour after i closed. wtf is wrong with my entrys? -_-
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