Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
EURNZD H4 15 Feb This current H4 will close in about 35 mins, do you sell? {image} TMS Monitor http://www.forexfactory.com/showthre...95#post8753695
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- Joined Nov 2008 | Status: Trader | 47,726 Posts
Hi everyone, First post ever, woohoo! Been reading here for weeks, awesome thread. I'm here to learn how to NOT give pips away due to a lack of knowledge. Can someone please point me to the nice actual open and close marks indicators shown on Emmanuals HA bars?
very simple, just switch your MT4 chart to show as Bar Chart.
and you will see those little mark for open and close on the APB/Ha candle.
better still you can show the real price bars as Foreground Chart,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- Joined Nov 2008 | Status: Trader | 47,726 Posts
{quote} Emmanuel, have just see your question, I missed the move as I was practising my golf swing, but I may have been enticed to go short as it broke out of consolidation, 100 pip to next support, previous weekly candle closed with bearish sentiment. (Easier to say now it has happened...
Hi,
well, some of those TDI setups has some risks.
the higher timeframes D1 and W1 are both sideways.
sometimes we just take some risk and jump into the market.
but what I saw was several price action conditions and looking for a low risk entry.
right now we have a trendline break and that is the best low risk entry.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- Joined Nov 2008 | Status: Trader | 47,726 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- Joined Nov 2008 | Status: Trader | 47,726 Posts
good trades, or not? suggestions are welcome ty {image} {image}
simply following TMS 5-Method setup rules, we see TDI cross up and Stochastics confirm.
buy you are entering on APB#3 candle...
so it is good for some pips.
my D1 shows double tops, so I am looking to sell this week, maybe next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
including closed AUDJPY pair, there are some positions still opening:
EURCAD buy
EURUSD buy
GBPJPY short
NZDJPY short
and all those trade seem to be in wrong direction now. the total risk is more than 6% which i think is too high. and i feel it is difficult to manage orders now, i dont know if i calculate the position size correctly there is lot of thing to learn to trade with MEME Method.
EURCAD buy
EURUSD buy
GBPJPY short
NZDJPY short
and all those trade seem to be in wrong direction now. the total risk is more than 6% which i think is too high. and i feel it is difficult to manage orders now, i dont know if i calculate the position size correctly there is lot of thing to learn to trade with MEME Method.
{quote} simply following TMS 5-Method setup rules, we see TDI cross up and Stochastics confirm. buy you are entering on APB#3 candle... so it is good for some pips. my D1 shows double tops, so I am looking to sell this week, maybe next week. {image}
Do you consider the W1 as reversal? Previous week is a pinbar but also an IB. I wouldn't really qualify it as one of your five reversal patterns on the W1? The trendline retest seems good tho.
The trendline in D1 - How do you handle this? Do you wait for a D1 signal to break this 10EMA/Trendline or will you start building expecting the break later on? I assume your Bias is mainly based on the double top + BEUB for this pair or am I wrong?
Can we anticipate this trade in lower 4H TF? In this case, we could have higher R/R and roll the trade over into D1? Or is this bad approach?
including closed AUDJPY pair, there are some positions still opening: EURCAD buy EURUSD buy GBPJPY short NZDJPY short and all those trade seem to be in wrong direction now. the total risk is more than 6% which i think is too high. and i feel it is difficult to manage orders now, i dont know if i calculate the position size correctly there is lot of thing to learn to trade with MEME Method.
I have some positions also in DD. All we can do is stay disciplined I think. And practice will perfect our trading.
Example: USDCHF Sell. I decided to sell based on W1 chart. Unfortunatly, the move seemed to be somewhat advanced already. Ideally, you wanted to sell this when previous week opened (8/2). D1 is now crossing up quite strongly. But we have 10EMA that could provide resistance.
My 2% cut-loss will be very close above 0.99
{quote} Hi Steven, Experience price action traders will not need to use this SMART Cut-Loss. They look at price action and support and resistance all the time. Support and Resistance is not a single line or price levels. S&R are an area or region of price where they will look at the price action. This SMART CutLoss was developed to assist 'lazy' traders who wants the system to tell them what to do. There are two price levels to define the region where traders will look at the price action then make decision. Remember, this is EOD trading, so we...
Hello Big Emma:
First,
Thank you for your reply.
Can't wait your PM about Darvas Box-like related subject of SMART cut-loss region.
Another thing I noticed on AUDJPY chart is the blue lines region, is that some kind of profit region?
Second,
I found out several years ago, you had been using "PZ_Progressive..." for placing orders.
So I have been editing (changing from buy stop to buy limit and sell stop to sell limit)
Now, it can place 1 buy/sell order + 4 buy/sell limit orders with minimum 0.5 ADR spacing and all have the same SL line. That would be great for ME/ME trading.
However, I have hard time figuring out how to edit the position sizing to the way we trade in here. Would you give me some direction on how to do it? or tell me if this is still a good tool to use or can trade manager do the same thing?
Best regards,
Steven
- | Joined Nov 2015 | Status: Dead Cat Bounce | 93 Posts
How many people here have telekenetic powers?...raise my hand