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  • #7,781
  • Jul 28, 2015 11:33am Jul 28, 2015 11:33am
Quoting AJLFx
Today activities: EURUSD = 00 pips CADCHF = 12 pips NZDUSD = 10 pips AUDUSD = 11 pips GBPCHF = 01 pips Total Profit = 34pips
youre gonna be rich, i think...lol
  • #7,782
  • Jul 28, 2015 12:14pm Jul 28, 2015 12:14pm
Quoting AJLFx
Today activities: EURUSD = 00 pips CADCHF = 12 pips NZDUSD = 10 pips AUDUSD = 11 pips GBPCHF = 01 pips Total Profit = 34pips
AJLFx, Hello mate,

How do you decide the trend, ie whether to go long or short? And over what time period?

Not a massive fan of using the TMA dashboard indicator and noticed you're not using it either.
  • #7,783
  • Jul 28, 2015 1:13pm Jul 28, 2015 1:13pm
Quoting XxLessoxX
{quote} youre gonna be rich, i think...lol
The idea is to find a system that will consistently be profitable.

The end result of that consistency is ....
  • #7,784
  • Jul 28, 2015 1:22pm Jul 28, 2015 1:22pm
Quoting clivepackham
Looking at my dashboard this EURCAD trade is against the 5 , 15 and 1 hr trends so should I bank?? Or does it mean this is very strongly oversold??? So i should hold for the 15 min upper band at least??? {image} I'm just gonna hold on the middle band, when it goes red I'll get out...
cliveref your post 7755 shall i bank or shall i hold?Forgive me but replying 12hrs later and immediately after reading post so not read posts after yours.personally...your 10pips up bank it!Why?Your m1 channel is top of m5 and will pull back thus give pips back to marketalsothe other channels not showing positive up ward signs.so bank 10pips.....there yours no matter what.let price and m1 channel retrace back down.....you can always make new trade.if the other channels were moving up with the m1 channel then yes it could have been a valid option to consider.anyway just my thoughts...you got 10pips why lose it when no positive signs showing in long move
  • #7,785
  • Jul 28, 2015 1:31pm Jul 28, 2015 1:31pm
Quoting Js93
{quote} AJLFx, Hello mate, How do you decide the trend, ie whether to go long or short? And over what time period? Not a massive fan of using the TMA dashboard indicator and noticed you're not using it either.
Js93,

I have a 60min(1hour) TMA band on the 1min chart.

I use that as the means to decide the short term trend.

The image below shows the previous CADCHF open trade.

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-28-10-48-17_OPEN2.PNG Size: 59 KB


I look at the 1hour TMA center band ... (blue=bullish, brown=bearish, white=neutral, ranging, transitioning, etc)

If the center band was mainly brown then I would have looked for a short trade after the break of 15min TMA.

Ultimate I am trying to trade inline with higher timeframe direction.
This, in my opnion, allows for a higher probability of success.

The "TMA Dashboard" can accomplish the same thing.
I prefer the higher timeframe TMA lines as a guide on my charts.
  • #7,786
  • Jul 29, 2015 1:07am Jul 29, 2015 1:07am
EUR weakness as market opens so I'm interested in buying first turn up on my middle band...

EURUSD at15 min lower band so a nice green middle band would be worth a look...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1 good place to buy.png Size: 53 KB
Feel the Fear and do it anyway!!!
  • #7,787
  • Jul 29, 2015 1:36am Jul 29, 2015 1:36am
EUR pairs middle bands all turning green so EUR looking good to buy but meanwhile this GBPJPY is breaking overnight range..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 trade 2.png Size: 53 KB
Feel the Fear and do it anyway!!!
  • #7,788
  • Jul 29, 2015 2:33am Jul 29, 2015 2:33am
EUR is having a bit of a ding dong but I did try when it turned green but a BE trade so whilst it sorts itself out I'll see if I can get another 10 pips out of the fiery Dragon...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1 gone green.png Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 another 10 pips.png Size: 61 KB
Feel the Fear and do it anyway!!!
  • #7,789
  • Jul 29, 2015 2:46am Jul 29, 2015 2:46am
Convinced EUR is going up so looking for any green slope changes but keeping it safe...
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1 convinced eur is going up.png Size: 56 KB
Feel the Fear and do it anyway!!!
  • #7,790
  • Jul 29, 2015 2:57am Jul 29, 2015 2:57am
Quoting clivepackham
Convinced EUR is going up so looking for any green slope changes but keeping it safe... {image}
becareful price is sliding closer to top of m15 and that is sliding down....it may be a short there at the top.clive your mind is channel to wanting it long.open your thoughts....what if its short???Let the market tell you !
  • #7,791
  • Jul 29, 2015 3:17am Jul 29, 2015 3:17am
Quoting AJLFx
{quote} Js93, I have a 60min(1hour) TMA band on the 1min chart. I use that as the means to decide the short term trend. The image below shows the previous CADCHF open trade. {image} I look at the 1hour TMA center band ... (blue=bullish, brown=bearish, white=neutral, ranging, transitioning, etc) If the center band was mainly brown then I would have looked for a short trade after the break of 15min TMA. Ultimate I am trying to trade inline with higher timeframe direction. This, in my opnion, allows for a higher probability of success. The "TMA Dashboard"...
How do you superimpose h1tma band on a m1 chart,and do u go back to m15 chart to check its break?. It would be great if you can outline your steps of taking and exiting trade for us novice here.Thank you
  • #7,792
  • Jul 29, 2015 4:06am Jul 29, 2015 4:06am
Narrow range on EURUSD like yesterday.....piercing 15M is the way to go up/down....


Quoting devontrader
{quote} becareful price is sliding closer to top of m15 and that is sliding down....it may be a short there at the top.clive your mind is channel to wanting it long.open your thoughts....what if its short???Let the market tell you !
  • #7,793
  • Jul 29, 2015 4:12am Jul 29, 2015 4:12am
Quoting harry23
Narrow range on EURUSD like yesterday.....piercing 15M is the way to go up/down.... {quote}
over £600 for me today but a small.element for me to.work on
  • #7,794
  • Jul 29, 2015 4:17am Jul 29, 2015 4:17am
I believe the NO FEAR TRADING SYSTEM by Clivepackham has unlimited applications depending on the idiosyncrasies of each trader,for example at the opening of the London session today,i place trade according to the alarm alert on the tma slope but make sure the h1 price is going in the same direction,these are the results of my trade today .
GBPAUD=45 pips
USDCHF=17.5pips
NZDUSD=12.7pips
EURCAD=31.7pips
GBPAUD=-3.4pips
Total pips won=103.5pips
Open Trade=EURUSD Hedged due to high loss
HOW I WISH THIS IS A REAL ACCOUNT,STILL LEARNING ANYWAYS
  • #7,795
  • Jul 29, 2015 4:22am Jul 29, 2015 4:22am
Quoting jaylukmann
I believe the NO FEAR TRADING SYSTEM by Clivepackham has unlimited applications depending on the idiosyncrasies of each trader,for example at the opening of the London session today,i place trade according to the alarm alert on the tma slope but make sure the h1 price is going in the same direction,these are the results of my trade today . GBPAUD=45 pips USDCHF=17.5pips NZDUSD=12.7pips EURCAD=31.7pips GBPAUD=-3.4pips Total pips won=103.5pips Open Trade=EURUSD Hedged due to high loss HOW I WISH THIS IS A REAL ACCOUNT,STILL LEARNING ANYWAYS
That's impressive in a couple of hours! At what point do you close the trade, when the slope turns back to the other colour?
  • #7,796
  • Jul 29, 2015 4:25am Jul 29, 2015 4:25am
....begin to trade real and you will fight in a different ballgame (fear/greed/money management/consistency) just my 2cts.


Quoting jaylukmann
I believe the NO FEAR TRADING SYSTEM by Clivepackham has unlimited applications depending on the idiosyncrasies of each trader,for example at the opening of the London session today,i place trade according to the alarm alert on the tma slope but make sure the h1 price is going in the same direction,these are the results of my trade today . GBPAUD=45 pips USDCHF=17.5pips NZDUSD=12.7pips EURCAD=31.7pips GBPAUD=-3.4pips Total pips won=103.5pips Open Trade=EURUSD Hedged due to high loss HOW I WISH THIS IS A REAL ACCOUNT,STILL LEARNING ANYWAYS
  • #7,797
  • Jul 29, 2015 4:28am Jul 29, 2015 4:28am
Nice! (stop bragging ;-)) )
Any news on the TMA slope meter like you wanted it? (I know there is one already, but not the way we wanted it initially)

Quoting devontrader
{quote} over 600 for me today but a small.element for me to.work on
  • #7,798
  • Jul 29, 2015 5:04am Jul 29, 2015 5:04am
Quoting js93
{quote} that's impressive in a couple of hours! At what point do you close the trade, when the slope turns back to the other colour?
yes, i just had an alert on audusd that the slope has changed to bearish and i have just placed accordingly
  • #7,799
  • Jul 29, 2015 5:06am Jul 29, 2015 5:06am
Quoting jaylukmann
{quote} yes, i just had an alert on audusd that the slope has changed to bearish and i have just placed accordingly
post pic pls
  • #7,800
  • Jul 29, 2015 5:07am Jul 29, 2015 5:07am
Quoting harry23
Nice! (stop bragging ;-)) ) Any news on the TMA slope meter like you wanted it? (I know there is one already, but not the way we wanted it initially) {quote}
not bragging at all harry....merely saying it can be done
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