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  • #63,941
  • Dec 3, 2015 10:36am Dec 3, 2015 10:36am
Quoting Donquixote
{quote} was it becuz unemployment claim news(although ff calender actual say its not good not bad either)?or becuz other news , or some big ppl start buying?
it was Draghi
Trading is simply about managing the area between your ears
  • #63,942
  • Dec 3, 2015 11:19am Dec 3, 2015 11:19am
Quoting stefan17
Trades currently running = 200+ pips {image} {image} {image}

Great trades Stefan,

Are you able to show the entry candles next time as well? Thank you so much!
  • #63,943
  • Dec 3, 2015 11:44am Dec 3, 2015 11:44am
EU technicals had momentum building several positive divergences over the past month on a day chart and since April on week chart. I could not figure out why except for short term pop up from oversold. for my TA, divergence usually has 3 lows or highs instead of the usual 2. This one was easy to see but not to trade unless you entered on and were watching for draghi to say something and he did.

my opinion is that the bigger and longer term picture was strengthened by draghi's comments, for the fed reserve to raise rate on fed funds. That means that USD gets to be the medium term winner while EUR gets its 15 minutes of fame. the big loser in this international central bank charade is the equity markets.

the next long term 'big short' may have had its seed planted today for stock markets. SP1450 and below 14,000 for the Dow are beckoning.

to invalidate this picture, new highs on s&p and dow have to come very soon.
Trading is simply about managing the area between your ears
  • #63,944
  • Dec 3, 2015 4:13pm Dec 3, 2015 4:13pm
I would like to get some opinions on this Tdi cross.I decided to pass on it due to it being caused by the news and not sure if the momentum will continue. Opinions?
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  • #63,945
  • Dec 4, 2015 12:53am Dec 4, 2015 12:53am
guys a vew minute before candle closed i have 3 setup to take
sell on EJ EU and EA
how about you guys? anyone taking this trade?
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  • #63,946
  • Dec 4, 2015 2:08am Dec 4, 2015 2:08am
Took this trade yesterday aswell
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  • #63,947
  • Dec 4, 2015 2:17am Dec 4, 2015 2:17am
hello stefan good trades I sent u a message
  • #63,948
  • Dec 4, 2015 2:37am Dec 4, 2015 2:37am
Be aware that there might be some profit taking on some pairs that had big moves yesterday. Trade sensibly and don't get caught out.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,949
  • Dec 4, 2015 2:53am Dec 4, 2015 2:53am
Hi Folks,

Its Friday evening arriving where I am here right in the middle of Australia. Just checking in to catch up with you all and also to looking my trades and closing some before the weekend.

Many PMs to reply so I need to find time later and try reply all, be patient.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,950
  • Dec 4, 2015 3:00am Dec 4, 2015 3:00am
Quoting kingclarence
I would like to get some opinions on this Tdi cross.I decided to pass on it due to it being caused by the news and not sure if the momentum will continue. Opinions? {image}
When you want to take a TDI trade, remember this:

#1 in importance is PA

#2 is the TDI for confirmation…

Post#3142

Looking at GU now, I would use ME/ME with reduced risk. Never know if it would reverse to the bullish side, but with ME/ME, you will have a better chance to breakeven when market goes sideways.

Trading the Day chart I prefer to trade when both the TDI Green above Red both are above its 20-days average, the I put in my usual full risk.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,951
  • Dec 4, 2015 3:14am Dec 4, 2015 3:14am
Quoting catalin_eros
{quote} Hello, Fbps! I just landed on FF, so sorry for the delay! The link contains useful info from Dimi.A, a very successful TMS trader, and he posted the clock image there. You can either take it from there, or you can take it from my post, if you right click on the clock and choose "save as". It will work that way, so let me know how it works out.
Noted Catalin, thanks. Staying away after last night's Euro unexpected move. Literally eaten up alive
  • #63,952
  • Dec 4, 2015 3:17am Dec 4, 2015 3:17am
Quoting Fbps
{quote} Assuming it's not near to the support & resistance, and if candle A is above 5 ema or above PAC, do you still wait for the 4 hour candle to close first before entry even though the TDI crossed?
That depends on the actual price action seen with both the real price bars and the APBs. We must never make rules without a clear view using charts.

In TMS 5-Method, the setup candle is one which closes across the 5EMA and with TDI as confirmation.

If we use the Synergy_Pro PAC, then the setup candle is the candle which closed above or below the PAC.

Both cases, we must not see any support or resistance to the left of the trading chart timeframe, i.e we must trade into empty space with no recent swing high or swing low seen to the left of our trading chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,953
  • Dec 4, 2015 3:18am Dec 4, 2015 3:18am
Quoting stefan17
{quote} Ouch I hope you had a stop loss in
I did but I removed it just few minutes before since I was monitoring the trade. I turned to play with my phone only for that few seconds and before I knew it, all hell broke loose.
  • #63,954
  • Dec 4, 2015 3:27am Dec 4, 2015 3:27am
Quoting emmanuel7788
{quote} That depends on the actual price action seen with both the real price bars and the APBs. We must never make rules without a clear view using charts. In TMS 5-Method, the setup candle is one which closes across the 5EMA and with TDI as confirmation. If we use the Synergy_Pro PAC, then the setup candle is the candle which closed above or below the PAC. Both cases, we must not see any support or resistance to the left of the trading chart timeframe, i.e we must trade into empty space with no recent swing high or swing low seen to the left of...
Thanks Emmanuel. One more clarification, if I trade on a H4 timeframe and there is no S/R nearby but it is a Dynamic S/R on the H1 timeframe, do I then exit from the H4 trade and re-enter after the price bars have broken through the S/R on H1?
  • #63,955
  • Dec 4, 2015 3:44am Dec 4, 2015 3:44am
Quoting Fbps
{quote} Thanks Emmanuel. One more clarification, if I trade on a H4 timeframe and there is no S/R nearby but it is a Dynamic S/R on the H1 timeframe, do I then exit from the H4 trade and re-enter after the price bars have broken through the S/R on H1?

Hi,

I don't use the Synergy DSR when trading with TMS 5-Method and I don't recommend using that on 4H swing trading. When I trade 4H swing trading, I look at the Average Weekly Traded range and target 60% of the average weekly range and also the Historical swing levels.

When you trade H4, manage your trades and exit strategy on H4. Do not manage your H4 trades on lower timeframes like H1, its all market noise on H1, M30, M15, M5, etc.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,956
  • Dec 4, 2015 4:06am Dec 4, 2015 4:06am
Quoting tibovwh
{quote} Hey Stefan, Good post. Some valuable things in there. However, it is one thing to read but another to apply. I have read this stuff countless of times but have I really changed anything in myself? Here's a pdf you might like to read. I apologize if it has been posted but I think it hasn't in this thread. Best, {image}

lots of such plagiarized stuff posted in forex factory.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,957
  • Edited 4:25am Dec 4, 2015 4:06am | Edited 4:25am
Hi friends,
Any opinion?

AU 10ema crossed 50ema(trend changing) daily & prices are above PAC then we should go long but with 5 green bars so wait for pull back(1H or 4H) to enter. But with resistance about 60pips away at 0.73822 so????
EU interesting - Ranging in weekly & WRB in daily & prices are above PAC so wait for confirmation. I went long & got 60pips few days ago- I'm still learning

Cheers,
Attached Image (click to enlarge)
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  • #63,958
  • Edited 5:03am Dec 4, 2015 4:36am | Edited 5:03am
Quoting pete.alfa
Hi friends, Any opinion? AU 10ema crossed 50ema(trend changing) daily & prices are above PAC then we should go long but with 5 green bars so wait for pull back(1H or 4H) to enter. But with resistance about 60pips away at 0.73822 so???? EU interesting - Ranging in weekly & WRB in daily & prices are above PAC so wait for confirmation. I went long & got 60pips few days ago- I'm still learning Cheers, {image}
..

quite a few Big Round Number BRN play seen on Day chart.

That Day WRB can be early warning of sideways market until there is breakout.

The safe way to trade sideways market type is to use reduced risk and trade with Multiple Entries / Multiple Exits. ME/ME.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD D chart 4 Dec.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,959
  • Dec 4, 2015 5:15am Dec 4, 2015 5:15am
Quoting emmanuel7788
{quote} lots of such plagiarized stuff posted in forex factory.
You are correct and I should know better... I kept the name from the Original upload. Can't edit my post unfortunatly. Author is Larry Levin: "The secrets to Emotion Free Trading".

Best,
  • #63,960
  • Dec 4, 2015 6:25am Dec 4, 2015 6:25am
Quoting emmanuel7788
{quote} Hi, I don't use the Synergy DSR when trading with TMS 5-Method and I don't recommend using that on 4H swing trading. When I trade 4H swing trading, I look at the Average Weekly Traded range and target 60% of the average weekly range and also the Historical swing levels. When you trade H4, manage your trades and exit strategy on H4. Do not manage your H4 trades on lower timeframes like H1, its all market noise on H1, M30, M15, M5, etc. regards,
Noted Emmanuel. My charts are quite cluttered after I had installed Synergy Pro. The Synergy DSR help me to determine the S/R easily at one glance. Perhaps one too many.
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