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TMS for M30 charts

  • #7,441
  • Sep 1, 2015 3:53am Sep 1, 2015 3:53am
Quoting lastingwell
GJ went in a bit late but 100 pips Also short on EJ and GU. {image} {image}
Well done mate, I missed the JPY train
  • #7,442
  • Sep 1, 2015 3:56am Sep 1, 2015 3:56am
Quoting josh11
{quote} Well done mate, I missed the JPY train
... i had no idea that would happen - i would have jumped on EJ for sure but it looked rotten @LO ... GJ gave itself away early ...

Quoting lastingwell
GJ went in a bit late but 100 pips Also short on EJ and GU. {image} {image}
wow...wow!!! ... congrats LW
  • #7,443
  • Sep 1, 2015 4:38am Sep 1, 2015 4:38am
2nd 100 for the day EJ this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYSBM3001-09.png Size: 52 KB
Click to Enlarge Name: EURJPYSBM3001-09.png(2).png Size: 55 KB
  • #7,444
  • Sep 1, 2015 4:41am Sep 1, 2015 4:41am
Quoting lastingwell
2nd 100 for the day EJ this time. {image} {image}
amazing!!! .... masterful - your SL is tiny - big R:R
  • #7,445
  • Sep 1, 2015 4:50am Sep 1, 2015 4:50am
Quoting griffinssoul
{quote} amazing!!! .... masterful - your SL is tiny - big R:R
LOL just noticed the indicator I put on for the previous daily high/low hasn't refreshed to EJ values, its a good job the actual lines are in the right place
  • #7,446
  • Sep 1, 2015 5:59am Sep 1, 2015 5:59am
Quoting Davit
{quote} Not sure if this is the latest but this is what I use. {file}
Davit, it works well. thank you!!
  • #7,447
  • Sep 1, 2015 6:19am Sep 1, 2015 6:19am
Hi everyone , looks as if I have some catching up in order to try this .
Would just like to thank you all for sharing ,and wish you all the best .
Regards Oridpete
  • #7,448
  • Sep 1, 2015 6:22am Sep 1, 2015 6:22am
Quoting orid
Hi everyone , looks as if I have some catching up in order to try this . Would just like to thank you all for sharing ,and wish you all the best . Regards Oridpete
Hey Pete, long time! how are you? its a great system you will love it
  • #7,449
  • Sep 1, 2015 6:28am Sep 1, 2015 6:28am
Hi josh, how the hell are ya. I did try the original H1 h 4 Elphanze or whats his name ,sorry that's not spelt correctly, system but very new to trading at the time must give this a go ill start reading from 1 st post
see you in about a week or so lol.
Orid
  • #7,450
  • Sep 1, 2015 7:01am Sep 1, 2015 7:01am
Ga 30 mins, more risky but with my believe that AU will weaken I bought on dips! worked out well this time!
+40 +64 +75 pips

Also still in AU short and EA long
Attached Image (click to enlarge)
Click to Enlarge Name: GA 30mins.png Size: 12 KB
  • #7,451
  • Sep 1, 2015 7:19am Sep 1, 2015 7:19am
Quoting josh11
Also still in AU short and EA long {image}
AU 30 mins +40 pip
Attached Image (click to enlarge)
Click to Enlarge Name: AU 30mins.png Size: 25 KB
  • #7,452
  • Sep 1, 2015 8:00am Sep 1, 2015 8:00am
seem choppy for most eur and us pairs for past few hours.
  • #7,453
  • Sep 1, 2015 8:02am Sep 1, 2015 8:02am
Quoting josh11
Also still in AU short and EA long {image}
EA finally TP +70
Attached Image (click to enlarge)
Click to Enlarge Name: EA 01.09.png Size: 9 KB
  • #7,454
  • Edited 8:42am Sep 1, 2015 8:05am | Edited 8:42am
Cad dropped on news. I caught some on the rebound. 1 min chart to show pip gain, 38 in 2 lots

AND I let that last nedge go tonight, that one hurt, put me in loss with my account was trying hard not to go there. The accounts not blown but I'm down in negative territory @ -144 PIPS over the last 6 months trading, was +954 at one stage. just a waste of time


DO NOT NEDGE TRADE, IT DOESN'T WORK
That is one long one short on the same currency. GET THE MESSAGE
Attached Image (click to enlarge)
Click to Enlarge Name: REBOUND_TRADE.jpg Size: 99 KB
"You know what needs to be addressed , completely completely reverse that".
  • #7,455
  • Sep 1, 2015 8:15am Sep 1, 2015 8:15am
Quoting Kmw
Cad dropped on news. I caught some on the rebound. 1 min chart to show pip gain, 38 in 2 lots AND I let that last nedge go tonight, that one hurt, put me in loss with my account was trying hard not to go there {image}
gd catch.
  • #7,456
  • Sep 1, 2015 8:42am Sep 1, 2015 8:42am
I see some big divergence on most JPY pairs for a buy signal!! but will not be trading them GL
  • #7,457
  • Edited 11:30am Sep 1, 2015 10:46am | Edited 11:30am
Quoting Kmw
Cad dropped on news. I caught some on the rebound. 1 min chart to show pip gain, 38 in 2 lots AND I let that last nedge go tonight, that one hurt, put me in loss with my account was trying hard not to go there. The accounts not blown but I'm down in negative territory @ -144 PIPS over the last 6 months trading, was +954 at one stage. just a waste of time DO NOT NEDGE TRADE, IT DOESN'T WORK That is one long one short on the same currency. GET THE MESSAGE {image}
Hi KMW
from what I am getting you are over trading.Your positions were too big for account size.-144 pips should never damage any account significantly hence your account deterioration.
To me hedging does not work.Either you made losing trade or a winning trade.If you made a trade that is in red to me best thing is getting out.Hedging only complicates matters.
Reduce your lots! and relax your brain so you are not pulling your hair when trade goes 10pips in red.
try micro lots .50 .30 .20
I think most traders lost money 1st 3years of trading including me hence your experience is typical.If you are still interested in trading you must address your psychological issues like revenge trading,position size which relates to greed,patience unable to wait for right set up and inability to take small loss and turning into a big loss etc.All these issues must be addressed.
Read this it might help you


regards
The book is a goldmine. (I renamed for obvious copyrights issues...) It addresses everything traders need to succeed plus more.Read it please and think about each chapter.
I reread this often to refresh myself.
Attached File(s)
File Type: pdf Davit's Philosophy.pdf   484 KB | 710 downloads
In trading, you have to be defensive and aggressive at the same time
  • #7,458
  • Sep 1, 2015 12:26pm Sep 1, 2015 12:26pm
Quoting Kmw
Cad dropped on news. I caught some on the rebound. 1 min chart to show pip gain, 38 in 2 lots AND I let that last nedge go tonight, that one hurt, put me in loss with my account was trying hard not to go there. The accounts not blown but I'm down in negative territory @ -144 PIPS over the last 6 months trading, was +954 at one stage. just a waste of time DO NOT NEDGE TRADE, IT DOESN'T WORK That is one long one short on the same currency. GET THE MESSAGE {image}
I hear you KMW.
For awhile, I would have a good run by following the rules. But I find that there would also be a period these crosses just don't work out in my favor. The best thing to do is to walk away for awhile and come back and examine what went wrong.
Moving forward, I do not care how good the crosses look; I will only trade in the same direction of the H4 time frame when there is a signal on 30 min. This means I will miss many counter trend opportunities that some of the experienced traders can make pips on.
  • #7,459
  • Sep 1, 2015 12:36pm Sep 1, 2015 12:36pm
Quoting awcharts
{quote} I hear you KMW. For awhile, I would have a good run by following the rules. But I find that there would also be a period these crosses just don't work out in my favor. The best thing to do is to walk away for awhile and come back and examine what went wrong. Moving forward, I do not care how good the crosses look; I will only trade in the same direction of the H4 time frame when there is a signal on 30 min. This means I will miss many counter trend opportunities that some of the experienced traders can make pips on.
same, when theres a cross on H1, it has to have the same direction on H4, fair enough i do miss alot of pips by doing this but it's best for me
  • #7,460
  • Sep 1, 2015 4:47pm Sep 1, 2015 4:47pm
Quoting awcharts
{quote} I hear you KMW. For awhile, I would have a good run by following the rules. But I find that there would also be a period these crosses just don't work out in my favor. The best thing to do is to walk away for awhile and come back and examine what went wrong. Moving forward, I do not care how good the crosses look; I will only trade in the same direction of the H4 time frame when there is a signal on 30 min. This means I will miss many counter trend opportunities that some of the experienced traders can make pips on.
Market doesn't give every day. Be happy when you give 15-20 pips back, in exchange for 50-60 pips. Stay focused and follow your rules.
Best regards, Zef
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