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Trading Made Simple

  • #64,101
  • Dec 14, 2015 6:01am Dec 14, 2015 6:01am
Took this 4H trade in GBPNZD. Didn't expect it to go down this fast actually. Closed near 2.24 for 150 pips gain.

Best,
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  • #64,102
  • Dec 14, 2015 6:06am Dec 14, 2015 6:06am
gone short on the hourly
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the cautious seldom err....C
  • #64,103
  • Dec 14, 2015 7:43am Dec 14, 2015 7:43am
My second trade today was NZDUSD 4H Short. (Obviously correlated with my GBPNZD trade) +16 pips

In hindsight, closed both too early but atleast I diden't face a 60 pip drawdown on GBPNZD short.

Best,
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  • #64,104
  • Dec 14, 2015 8:20am Dec 14, 2015 8:20am
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  • #64,105
  • Dec 14, 2015 8:26am Dec 14, 2015 8:26am
just got in from dinner and closed this trade
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the cautious seldom err....C
  • #64,106
  • Dec 14, 2015 9:29am Dec 14, 2015 9:29am
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  • #64,107
  • Dec 14, 2015 9:48am Dec 14, 2015 9:48am
balance of e/y trade stopped out for +32 and a/u -41...e/cad below +54
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the cautious seldom err....C
  • #64,108
  • Dec 14, 2015 12:06pm Dec 14, 2015 12:06pm
false break yesterday's low
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  • #64,109
  • Dec 14, 2015 5:47pm Dec 14, 2015 5:47pm
Hi Friends,

Anyone trade Gold
Daily was WRB now is ranging
TDI are getting close to trigger in H4 & H1
Please note that when we trade ranging we do not put all ema into account. Only S/R
Please correct me if I'm wrong.

Cheers,
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  • #64,110
  • Dec 14, 2015 10:15pm Dec 14, 2015 10:15pm
I am seeing "shampoo" on H4 with several pairs
the cautious seldom err....C
  • #64,111
  • Dec 15, 2015 12:05am Dec 15, 2015 12:05am
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  • #64,112
  • Dec 15, 2015 8:36am Dec 15, 2015 8:36am
hi friends.
where can i find which news are important?
we have 2 red news for USD today so i close my trades.but they didnt affect pairs.
  • #64,113
  • Dec 15, 2015 1:39pm Dec 15, 2015 1:39pm
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  • #64,114
  • Dec 15, 2015 5:32pm Dec 15, 2015 5:32pm
EURCAD 4H Short on candle close. Countertrend trade but got a nice 90 pips. Limit hit almost to the pip (lucky)

Attached Image (click to enlarge)
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GBPAUD 4H. Trade taken on the D1 candle close as a D1 trade. But closed when price seemed to be breaking 2.9. -30pips

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AUDUSD 4H Short on candle close. We were still above the W1 10EMA but it looked like nice momentum. I opened another lot to try and build position but that did not work out too well. I'm in it with 2 trades now and SL at my %risk. We'll see how it goes

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Best,
  • #64,115
  • Dec 15, 2015 11:40pm Dec 15, 2015 11:40pm
Good Morning TMS

I thought of posting this chart as am doing pairs analysis , today FOMC later on at NYO

GJ played a previous ABCD pattern, hits channel resistance and might be forming another ABCD to the down side, so definitely watching this pair at LO or Pre_LO today

Again follow ur own plan, good luck.
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I Have Learned to Take Some Losses to Make Profits
  • #64,116
  • Dec 15, 2015 11:49pm Dec 15, 2015 11:49pm
Had asked this question on the other tms thread, but got no answer. Came across a new term. What is a left cross and right cross on the tdi. Seniors help will be much appreciated.
  • #64,117
  • Dec 16, 2015 4:00am Dec 16, 2015 4:00am
Quoting csethna
Had asked this question on the other tms thread, but got no answer. Came across a new term. What is a left cross and right cross on the tdi. Seniors help will be much appreciated.
Good question. I was intruiged aswell. But I think GS has not given any additional info on it. It makes sense tho that there are different TDI crosses if you start paying attention to the details. With time, when you stick to TMS, you and I might learn these details too.

Best,
  • #64,118
  • Dec 16, 2015 4:06am Dec 16, 2015 4:06am
Just a simple view for what price action can do as this Foolish Fed might or might not raise Fed Funds rate. A rate hike will logically strengthen USD in the short term. Longer term effect probably results in a weaker US economy and recession. It won't take long to see it begin to weaken as business and industry stops to change their business models to running on the 'Fed stupid model 2.0'.

The US stock market correction gets a 50-75% haircut over the following 18-24 months.

The really bad effect is that trying to reverse the effect of a rate hike by lowering it and saying "Ooops!" won't stop a recession in US and everywhere else. I can see Madame Lagarde just shaking her head if the Fed raises.
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Trading is simply about managing the area between your ears
  • #64,119
  • Dec 16, 2015 4:09am Dec 16, 2015 4:09am
Quoting TheScorpS
Good Morning TMS I thought of posting this chart as am doing pairs analysis , today FOMC later on at NYO GJ played a previous ABCD pattern, hits channel resistance and might be forming another ABCD to the down side, so definitely watching this pair at LO or Pre_LO today Again follow ur own plan, good luck. {image}
It's around New York Close right?
  • #64,120
  • Dec 16, 2015 4:12am Dec 16, 2015 4:12am
Quoting planthetrade
Just a simple view for what price action can do as this Foolish Fed might or might not raise Fed Funds rate. A rate hike will logically strengthen USD in the short term. Longer term effect probably results in a weaker US economy and recession. It won't take long to see it begin to weaken as business and industry stops to change their business models to running on the 'Fed stupid model 2.0'. The US stock market correction gets a 50-75% haircut over the following 18-24 months. The really bad effect is that trying to reverse the effect of a rate hike...
The Fed has put itself in a position where not raising rates will hurt the markets more than raising rates. I really don't think there is any chance it won't happen today. And how the markets will react is guesswork. We shall see

Good trading all, stay safe!
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