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  • #60,021
  • Aug 27, 2015 5:16am Aug 27, 2015 5:16am
Quoting emmanuel7788
It's crazy these days. The past hour, I see EU, GU and UCad going in same direction but AU and NU complete opposite. But the Weekly say USD is bullish. With US data later when NY session open, we will see some nice action.
I also see in the second setup that the trendline was broken.
  • #60,022
  • Aug 27, 2015 5:22am Aug 27, 2015 5:22am
When i trained apprentices i found it best to show the long way how things are done, then when competent take the short route, it made better well prepared skilled persons.

just look at the last few posts.

rn, ib, EU, GU UCad AU NU ha fo sl

seems the people " looking" to sound they are being skilled like those with lots of screentime is to write in short cut imho picking up a bad habit
  • #60,023
  • Aug 27, 2015 5:33am Aug 27, 2015 5:33am
Quoting emmanuel7788
EURUSD 27Aug M15 setups: {image}
Pin bar set up+good tdi angle (4-6)
Winners Never Quit, Quitters Never Win
  • #60,024
  • Aug 27, 2015 5:41am Aug 27, 2015 5:41am
EA sold at LO for regular + 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-27_13-39-50.png Size: 67 KB
I Have Learned to Take Some Losses to Make Profits
  • #60,025
  • Edited 6:13am Aug 27, 2015 5:48am | Edited 6:13am
Hi All,

after a couple a weeks read this thread, this is my first post.
please help me with this OP
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad h4.jpg Size: 223 KB


at the mark line it should be the right candle (08:00 )for the open position based on TMS, but, until 08.00+15 minutes i can't see the good angle of bounce trade so i pass it, and when i see again at 12:00, its late.
it there any suggestion how many minutes we stay check the chart until we take decision to enter or pass (sorry for my english not good)
  • #60,026
  • Aug 27, 2015 5:52am Aug 27, 2015 5:52am
Quoting herincool
Hi All, after a couple a weeks read this thread, this is my first post. please help me with this OP {image} at the mark line it should be the right candle (08:00 )for the open position based on TMS, but, until 08.00+15 minutes i can't see the good angle of bounce trade so i pass it, and when i see again at 12:00, its late. it there any suggestion how many minutes we stay check the chart until we take decision to enter or pass (sorry for my english not good)
you probably need to spend 6000 hours to find out
the cautious seldom err....C
  • #60,027
  • Aug 27, 2015 5:59am Aug 27, 2015 5:59am
Gold trade went bad. Probably because of the OB zone, and there was also a trendline which stood in the way of price going higher.
  • #60,028
  • Aug 27, 2015 6:00am Aug 27, 2015 6:00am
Quoting TheScorpS
EA sold at LO for regular + 50 pips {image}
Nicely done!
Would you mind sharing the indi which displays the spread? I could use it.
Thanks!
  • #60,029
  • Aug 27, 2015 6:15am Aug 27, 2015 6:15am
Quoting pips29
{quote} you probably need to spend 6000 hours to find out
i will..hehe..i edit my blue line, some of them from m15 trade
  • #60,030
  • Aug 27, 2015 6:16am Aug 27, 2015 6:16am
Quoting pips29
{quote} you probably need to spend 6000 hours to find out
It's probably better that the signal appears late, because the overall trend seems to be up, and you want to go short in uptrend. That is just a retracement, so if you wish to go short, you should manage that entry on a lower TF. I suppose the pro traders from this thread are more qualified to answer, but I gave it a shot.
Besides, who says it's too late? The price can move hundreds of pips after you enter. Big E said that when trading TDI bounces, we can enter after the 2nd candle without any issues.
  • #60,031
  • Aug 27, 2015 6:27am Aug 27, 2015 6:27am
GC H1 +50
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH1.png Size: 37 KB
Winners Never Quit, Quitters Never Win
  • #60,032
  • Edited 6:43am Aug 27, 2015 6:32am | Edited 6:43am
Quoting emmanuel7788
EURUSD 27Aug M15 setups: {image}
Hi Emmanual
My tuppence worth..
Firstly i see a nice rejection (better than previous touch) off the resistance 1.13550 - 1.13600 level, price action showing bearish engulfing pattern, together with the hourly downtrend and steep TDI cross below the 50 level makes for a more attractive signal..

Cheers
Downunder
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #60,033
  • Aug 27, 2015 7:01am Aug 27, 2015 7:01am
Quoting Migleon
{quote} Sorry for the stupid question can be a beginner, but I always think, why we analyze the higher timeframes for making decision about the direction of the trade? W1, D1, ... it's - history. At short timeframes, we see what is happening here and now, is that tomorrow we will see on the D1, W1, M...
That's a good question. One of the main reasons is because price action and movement on a lower time frame will react (get stuck or break through) on support and resistance levels on a higher time frame. Check out this link Why scalpers and day traders have to check higher timeframes.
  • #60,034
  • Aug 27, 2015 7:18am Aug 27, 2015 7:18am
Quoting Dimi.A
{quote} That's a good question.
Thank you very much for the link!
  • #60,035
  • Aug 27, 2015 7:24am Aug 27, 2015 7:24am
Another nice looking one but with US data in few minutes, better to wait....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 27 Aug M15 NYO+30mins.png Size: 74 KB


give it another 15 mins after the data release then ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,036
  • Aug 27, 2015 7:34am Aug 27, 2015 7:34am
Quoting emmanuel7788
EURUSD 27Aug M15 setups: {image}
Second entry better because:

- entry is on the second, not the third red apb candle
- the second red apb is a break of the IB (1st red apb)
- TDI green below red and crossing MBL with nice angle showing momentum

(also close of the LO H1 candle below the PAC gives some HTF confirmation after the entry)


Axiom
  • #60,037
  • Aug 27, 2015 7:36am Aug 27, 2015 7:36am
Quoting emmanuel7788
Come on folks, you got to participate in order to learn to trade TMS 5-Method. 20 pips a day is impossible when you know what to do. Ancient wisdom: I hear and I forget. I see and I remember. I do and I understand. {image}
in case that picture on Hourly chart,
its because when i take trade on box 1, that is 4th candle since TDI cross?
or previous candle is bigger than 3 prev candle?
  • #60,038
  • Aug 27, 2015 7:59am Aug 27, 2015 7:59am
Quoting emmanuel7788
What is the trend? How do I see the trend? These are common questions I get asked in PMs. Look at USDCAD H1 chart below. How do we TMS trend traders determine the trend and when to buy and sell. {image}
Hi,

To determine trend I try to look at higher timeframes.

We can clearly see the trend is up.

How do i look for an entry?

On the 30Min chart - I saw strong PA and went long at the close. Not sure if this is good but we'll see how it goes.

On a sidenote: I'm seeing some divergence and possibly the formation of a blowoff bar rejecting 1.3350. However, as long as the signal is not clear i'm looking for long but perhaps taking smaller TP.

Best,
Attached Image(s) (click to enlarge)
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  • #60,039
  • Aug 27, 2015 8:04am Aug 27, 2015 8:04am
On GBPUSD we saw strong movement yesterday. Obviously in hindsight this is easy but would this be a valid way to trade these smaller consolidations in the move? Or is my S/L placement too tight?

Best,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Schermafdruk 2015-08-27 14.41.05.png Size: 50 KB
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  • #60,040
  • Aug 27, 2015 8:06am Aug 27, 2015 8:06am
Well, worth waiting 15mins for the news to be out.
then still with good price momentum, the entry was good.

H4 still good to sell with strong USD.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUD week 35 27 Aug H4 Inside bar setup.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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