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  • #64,601
  • Jan 13, 2016 2:05am Jan 13, 2016 2:05am
Hi Meihk -stop was above previous candle - 1.4468 (30 pips) - perhaps should have put it above last swing ie..1.4480 ish (around 40-50)?

thanks!
  • #64,602
  • Jan 13, 2016 2:08am Jan 13, 2016 2:08am
Quoting bluemosaic
Hi all Am a newbie to this method - really enjoying thread and help has been great. I took a trade this morning on GBP/USD (see attached for screenshot as not sure how to embed within post itself). It failed (I know I need to expect fails - not all trades work out ok) but wondered if there was anything I had obviously done on this that was wrong: 1. 1 hour timeframe 2. HA candle under the 5 EMA 3. TDI crossed down sharply and at 4-6 O'clock (it wasn't in the upper zone of the indocator region - is this an issue?) 4. Stoch was pointing down 5. No...
Hi all

I am also a newbie and made that exact same trade based on the same reasoning as bluemosaic. I have been following this thread quite closely and would appreciate any help I can get.

Thanks for the great job to all active members on TMS so far
  • #64,603
  • Jan 13, 2016 2:45am Jan 13, 2016 2:45am
Last week I started building positions in GBPCAD. Yesterday we got to full 2% Risk. However the trade is looking bad and I'm tempted to close.

Best,
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2016-01-13 12.42.22.png Size: 68 KB
  • #64,604
  • Jan 13, 2016 3:12am Jan 13, 2016 3:12am
Quoting tibovwh
Last week I started building positions in GBPCAD. Yesterday we got to full 2% Risk. However the trade is looking bad and I'm tempted to close. Best, {image}
Hi tiboxwh,

Where are your entries, are you using ME/ME approach?

Kind Regards,
  • #64,605
  • Jan 13, 2016 3:38am Jan 13, 2016 3:38am
Quoting bluemosaic
Hi Meihk -stop was above previous candle - 1.4468 (30 pips) - perhaps should have put it above last swing ie..1.4480 ish (around 40-50)? thanks!
Looking at the latest price, it is starting to turn so think it was a newbie mistake of not giving it enough room to breathe with the stop loss
  • #64,606
  • Jan 13, 2016 4:26am Jan 13, 2016 4:26am
Quoting teslaYoung
{quote} Hi tiboxwh, Where are your entries, are you using ME/ME approach? Kind Regards,
What is the ME/ME approach? Thank you
  • #64,607
  • Jan 13, 2016 4:27am Jan 13, 2016 4:27am
Quoting teslaYoung
{quote} Hi tiboxwh, Where are your entries, are you using ME/ME approach? Kind Regards,
Indeed, ME:

6/01 549604760 13:33:18 CAD Buy 2000 2.06456 0 GBP/CAD
7/01 549691180 00:52:10 CAD Buy 2000 2.05957 0 GBP/CAD
7/01 549779548 17:27:03 CAD Buy 3000 2.05117 0 GBP/CAD
12/01 550307086 16:45:41 CAD Buy 5000 2.04594 0 GBP/CAD

Average price = 2.052623

We are breaking the 10EMA on the W1 to the downside right now that held up yesterday. S/L is getting close
  • #64,608
  • Jan 13, 2016 4:51am Jan 13, 2016 4:51am
Quoting Desiree
{quote} What is the ME/ME approach? Thank you
Hi Desiree

Please see recent discussion on this - posts 64552 to 64556

Hope this helps
  • #64,609
  • Jan 13, 2016 5:21am Jan 13, 2016 5:21am
Quoting Desiree
{quote} What is the ME/ME approach? Thank you
Hi Desiree,

ME/ME is Multiple Entries / Multiple Exits, I firstly heard this approach from our mentor emmanuel7788. You can search for his posts, there are many good contents to read and understand. You can direct to the post 62582 for more detail.

Kind Regards,
  • #64,610
  • Jan 13, 2016 5:43am Jan 13, 2016 5:43am
Quoting tibovwh
{quote} Indeed, ME: 6/01 549604760 13:33:18 CAD Buy 2000 2.06456 0 GBP/CAD 7/01 549691180 00:52:10 CAD Buy 2000 2.05957 0 GBP/CAD 7/01 549779548 17:27:03 CAD Buy 3000 2.05117 0 GBP/CAD 12/01 550307086 16:45:41 CAD Buy 5000 2.04594 0 GBP/CAD Average price = 2.052623 We are breaking the 10EMA on the W1 to the downside right now that held up yesterday. S/L is getting close
Hi tibovwh,

Where did you set your SL? I saw your first entry, it was two candles after last swing on Day chart, the entry point is hard to set the SL. But in my opinion, the price now is still above the weekly uptrend line, it may bounce back, let's see.

Kind Regards,
  • #64,611
  • Jan 13, 2016 7:43am Jan 13, 2016 7:43am
My SL is below 2.04 underneath the swing low. Also the 2 weeks low

it bounced off the 10EMA on the W1 again today and now pushing up somewhat. Back in green for now

Best,
  • #64,612
  • Jan 13, 2016 8:08am Jan 13, 2016 8:08am
EA early entry early exit lol, 50 pips too , gotta correct that next time


GJ LO set the high of the day, short entry for 50 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA_H1.jpg Size: 337 KB
Click to Enlarge Name: GJ_H1.jpg Size: 348 KB
I Have Learned to Take Some Losses to Make Profits
  • #64,613
  • Jan 13, 2016 8:18am Jan 13, 2016 8:18am
Quoting tibovwh
My SL is below 2.04 underneath the swing low. Also the 2 weeks low it bounced off the 10EMA on the W1 again today and now pushing up somewhat. Back in green for now Best,
Hope it relieve some pressure with the upswing.

I think it would be better to hold on to the trade. On day chart, today's likely to be an inside bar of yesterday. And yesterday it seems to bounce off a monthly resistance/support:
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-01-14 (1).png Size: 102 KB


Perhaps to add more positions when it closes above the MC of IB, or cut the losses if it closes below. Let the Price Action decide.
  • #64,614
  • Jan 13, 2016 8:48am Jan 13, 2016 8:48am
Quoting TheScorpS
EA early entry early exit lol, 50 pips too , gotta correct that next time GJ LO set the high of the day, short entry for 50 pips {image} {image}
Superb trading TSS
Sad i'm not trying to understand PA
  • #64,615
  • Jan 13, 2016 11:22am Jan 13, 2016 11:22am
Quoting bluemosaic
Hi all Am a newbie to this method - really enjoying thread and help has been great. I took a trade this morning on GBP/USD (see attached for screenshot as not sure how to embed within post itself). It failed (I know I need to expect fails - not all trades work out ok) but wondered if there was anything I had obviously done on this that was wrong: 1. 1 hour timeframe 2. HA candle under the 5 EMA 3. TDI crossed down sharply and at 4-6 O'clock (it wasn't in the upper zone of the indocator region - is this an issue?) 4. Stoch was pointing down 5. No...

Well it went down in the end so looks like the issue was a poorly selected stop loss (not enough space).

Currently around 230pips .... which I missed :-|

Onto another day ;-)
  • #64,616
  • Jan 13, 2016 11:27am Jan 13, 2016 11:27am
Hey, guys!

Trades with the aid of guppies on H1, confirmed with D1 direction:

UC, H1, long, 57 pips gained.
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 43 KB

GJ, H1, short, 60 pips gained.
Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 44 KB

Trades using Big E's original method for entries on H4:

EU, H4, short, 50 pips gained.
Attached Image (click to enlarge)
Click to Enlarge Name: Image5.png Size: 37 KB

USDCHF, H4, two trades:
1. long, lost 97 pips;
2. long, won them back.
Attached Image (click to enlarge)
Click to Enlarge Name: Image6.png Size: 37 KB

GA, short, H4, 80 pips gained.
Attached Image (click to enlarge)
Click to Enlarge Name: Image7.png Size: 41 KB
  • #64,617
  • Jan 13, 2016 1:11pm Jan 13, 2016 1:11pm
Quoting TheScorpS
EA early entry early exit lol, 50 pips too , gotta correct that next time GJ LO set the high of the day, short entry for 50 pips {image} {image}
ScorpS,
I love your charts, you are constantly and consistently collecting pips!
Your maroon MA... it does not look like EMA5+2, it looks more like EMA10... You don't use EMA5 +2 ?
Best regards, blackfriday
  • #64,618
  • Jan 13, 2016 1:28pm Jan 13, 2016 1:28pm
NU, short, H1, a modest 25 pips gain:

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 44 KB
  • #64,619
  • Jan 13, 2016 1:33pm Jan 13, 2016 1:33pm
Hi guys,

Can you guide me from where to start reading, because the thread is huge! I would like to thank you in advance!
  • #64,620
  • Jan 13, 2016 2:37pm Jan 13, 2016 2:37pm
You can have a look here. a kind member has compiled this for us.

https://drive.google.com/folderview?...GM&usp=sharing
It's in fear when people show what they truly value.
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eluo