Disliked{quote} Hi Given, When I trade the 4H swing, I will use the high/low of the previous 2 weekly candles for the technical SL to calculate the trade positions size. Another method which a few of my buddies use is to simply use the ADR(100)days and calculate the lost size using 0.2% risk per trade. Maximum 5 trades with a total maximum risk of 1%. This method is good and may work for those who trade with small account and fix lot size. You can trade with 0.01lot. Remember that most forex coaches will tell you that averaging down is bad or is wrong....Ignored
- #59,962
- Aug 26, 2015 7:49am Aug 26, 2015 7:49am
EURUSD H1 +140 (+25 +50 +65)
LO failed to break DOL. Entered on close outside of PAC at LO+1 and with price below 50ema and BRN and TDI bounce. MBL heading down nicely. TP3 set at BRN just above YL which was hit 15 minutes before US news. I would have closed manually 5 minutes before news if TP hadn't been filled.
GBPUSD H1 +50
Could see that price was setting itself up for a drop. Standard TMS entry with APB closing outside PAC and below YL and 200ema. All TDI lines heading down.
Just didn't think it would go that far
LO failed to break DOL. Entered on close outside of PAC at LO+1 and with price below 50ema and BRN and TDI bounce. MBL heading down nicely. TP3 set at BRN just above YL which was hit 15 minutes before US news. I would have closed manually 5 minutes before news if TP hadn't been filled.
GBPUSD H1 +50
Could see that price was setting itself up for a drop. Standard TMS entry with APB closing outside PAC and below YL and 200ema. All TDI lines heading down.
Just didn't think it would go that far
Never argue with a fool; onlookers may not be able to tell the difference.
- #59,966
- Aug 26, 2015 10:02am Aug 26, 2015 10:02am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Sad i'm not trying to understand PA
- #59,967
- Aug 26, 2015 10:05am Aug 26, 2015 10:05am
GBP/USD I consulted Look Left 1H trading. I've two position (+25 and +50) But...Look left do you see 4H or Daily chart? when you entry {image}
Nice trade
When I trade H1 I always look at H4 to make sure it is going in the same direction as my trade. H4 doesn't need to have crossed on the TDI as long as it has hooked in the right direction. I look at the Daily but pay most attention to what is happening on H1 and get backup from what H4 is doing.
Hope that helps
Never argue with a fool; onlookers may not be able to tell the difference.
- #59,968
- Aug 26, 2015 10:16am Aug 26, 2015 10:16am
{quote} Hi yuki Nice trade
But if you have a example please show me
- #59,969
- Aug 26, 2015 10:24am Aug 26, 2015 10:24am
Well that didn't go according to plan 
Nice bounce from the RN (1.3250), good TDI cross, entry on close outside PAC and above BRN. All went as planned to +15, went to get a cup of coffee and it's reversed -15 so I bailed out.
Can't win em all I guess
Nice bounce from the RN (1.3250), good TDI cross, entry on close outside PAC and above BRN. All went as planned to +15, went to get a cup of coffee and it's reversed -15 so I bailed out.
Can't win em all I guess
Never argue with a fool; onlookers may not be able to tell the difference.
Well that didn't go according to plan
i myself would have entered too. but i missed it LOL.
- #59,972
- Aug 26, 2015 11:01am Aug 26, 2015 11:01am
Hi yuki
Here is one from EURAUD I wouldn't enter as H1 and H4 are in conflict. I would wait until H4 TDI had hooked up.
H1
H4
Here is one from EURAUD I wouldn't enter as H1 and H4 are in conflict. I would wait until H4 TDI had hooked up.
H1
H4
Never argue with a fool; onlookers may not be able to tell the difference.
- #59,973
- Aug 26, 2015 11:09am Aug 26, 2015 11:09am
Hi yuki Here is one from EURAUD I wouldn't enter as H1 and H4 are in conflict. I would wait until H4 TDI had hooked up. H1 {image} H4 {image}
H4 TDI →H1 TDI trade
Thank you!
- #59,974
- Aug 26, 2015 11:10am Aug 26, 2015 11:10am
I am a new trader,can someone explain to me what is "RN" "PAC"and "BRN"? thanks!
Welcome to TMS
RN = Round number say price of 1.6250
BRN = Big round number say price of 1.6300
PAC = Price Action Channel (the two yellow lines running near the APB
APB = Average Price Bar (sometime incorrectly in TMS called candles)
Never argue with a fool; onlookers may not be able to tell the difference.
- #59,975
- Aug 26, 2015 1:01pm Aug 26, 2015 1:01pm
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #59,976
- Edited 9:03pm Aug 26, 2015 1:17pm | Edited 9:03pm
- | Membership Revoked | Joined Mar 2015 | 105 Posts
I am a new trader,can someone explain to me what is "RN" "PAC"and "BRN"? thanks!
I have these ones, surely there are missing:
TMS = Trading Made Simple
TDI = Traders Dynamic Index
TDI PL = TDI Price Line (Green Line)
TDI SL = TDI Signal Line (Red Line)
TDI MBL = TDI Market Base Line (Yellow Line)
TDI VB = TDI Volatility Bands (Blue Lines)
APB = Average Price Bars
PAC = Price Action Channel
HA = Heiken Ashi
DOL = Daily Open Line
MC = Master Candle.
WRB = Wide Range Bar
RM = Ranging Market
MM = Money Management also Market Maker
ME / ME = Multiple Entries / Multiple Exits
R:R = Risk:Reward Ratio
SW = Swing
HH = Higher High (swing)
HL = Higher Low (swing)
LH = Lower High (swing)
LL = Lower Low (swing)
TF= Time Frame
MTF = Multi Time Frame
LTF= Lower Time Frame
HTF= Higher Time Frame
TA = Technical Analysis
BRN = Big Round Number
RN = Round Number
PA = Price Action
CS = CandleStick
S/R = Support/Resistance
TL = Trend Line
BO = Breakout
PB = Pullback
RET = Retracement
DIV = Divergence
CT = Counter Trend
EP = Entry Price
SL = Stop Loss
TP = Take Profit
TS = Trailing Stop
BE = Break Even
P&L = Profit and Loss
MA = Moving Average
PB = Pin Bar
IB = Inside Bar
OB = Outside Bar
BEOB = Bearish Engulfing Outside Bar
BUEOB = Bullish Engulfing Outside Bar
FTA = First Trouble Area
PPZ = Price Pivot Zone
Good luck
- #59,977
- Aug 26, 2015 2:01pm Aug 26, 2015 2:01pm
- Joined Dec 2013 | Status: Trader | 1,680 Posts
EA trading inside the triangle on M15, +53 pips , target was above ema 200. {image}
Sad i'm not trying to understand PA
{quote} It's a game wanna play ? {image} DAX is getting ready to blast into bankruptcy into the 8000 area. Have a great week everyone!
Any TMSrs doing indices around here ? 2000 looks like a good target for the Shanghai Composite.
DAX and SHC ......
EU bear delivers 100p on a bounce trade. TP at 200ema.
Best regards, Zef