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  • #66,781
  • Mar 9, 2016 11:47pm Mar 9, 2016 11:47pm
Two M15 Losses...

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD GBPAUD M15 losses.png Size: 83 KB


only two reasons for these two losses.

if you know what these two reasons are, you are good.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,782
  • Mar 10, 2016 12:03am Mar 10, 2016 12:03am
Quoting emmanuel7788
Two M15 Losses... {image} only two reasons for these two losses. if you know what these two reasons are, you are good.

I traded the h1 cross on euraud about 5/6 hours ago.

then i noticed something i had never noticed before about the intial apb candels of the winning trades on that pair. I immediately closed my order for a tiny tiny loss. good thing too.., as price then spiked up hours later

the initial apb candels [where the trades win] usually have good momentum behind them.
mine did not..........
  • #66,783
  • Mar 10, 2016 12:16am Mar 10, 2016 12:16am
Quoting emmanuel7788
Two M15 Losses... {image} only two reasons for these two losses. if you know what these two reasons are, you are good.
​Good morning Emm, can I ask where you get the round number levels on your charts to the right? 1.4700 1.4600 etc
  • #66,784
  • Mar 10, 2016 12:22am Mar 10, 2016 12:22am
Quoting Scrambleguy
{quote} ​Good morning Emm, can I ask where you get the round number levels on your charts to the right? 1.4700 1.4600 etc

Good morning to the folks in the UK and Europe,

BN Levels : Post#22,389 (also read post#49,341)

Day Open Line post#43,380

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,785
  • Mar 10, 2016 12:30am Mar 10, 2016 12:30am
Quoting emmanuel7788
Two M15 Losses... {image} only two reasons for these two losses. if you know what these two reasons are, you are good.
Let me guess:

1. Market is always right (When I follow the rules but still SL, I will tell this to myself)
2. Anything below H1 chart is difficult to trade (for me)
  • #66,786
  • Mar 10, 2016 12:38am Mar 10, 2016 12:38am
Dear Emmanuel ( and other who are willing to explain )

can u pls clear my doubt in post in #66782

Thanks
  • #66,787
  • Mar 10, 2016 12:51am Mar 10, 2016 12:51am
Quoting emmanuel7788
{quote} Good morning to the folks in the UK and Europe, BN Levels : Post#22,389 (also read post#49,341) Day Open Line post#43,380 regards,
​Thank you Emm, and good evening!
  • #66,788
  • Mar 10, 2016 12:58am Mar 10, 2016 12:58am
Quoting catalin_eros
EC, H4, short, 102 pips. {image} AJ, H4, long, 93 pips. {image} GA, H4, short, 171 pips. {image} EA, H4, short, 152 pips. {image} And UC, H4, short, 99 pips. This trade is all Emm's merit, not mine. {image} Emm, would you still be taking swing trades tomorrow, or you would consider this week closed?
Can you tell me which indicator makes these pink lines?
  • #66,789
  • Mar 10, 2016 12:58am Mar 10, 2016 12:58am
Quoting dra.forex
Dear Emmanuel ( and other who are willing to explain ) can u pls clear my doubt in post in #66782 Thanks

here you go.
Attached Image
  • #66,790
  • Mar 10, 2016 1:13am Mar 10, 2016 1:13am
Quoting dra.forex
Dear Emmanuel ( and other who are willing to explain ) can u pls clear my doubt in post in #66782 Thanks
You use the green TDI line as your cross indicator 12/2 and 4/6. The distance between the red and green lines gives you information about the trade. Look at what happens to the distance between them when a trade is running well compared to when a trade starts to stall. There is a pdf in the paperclip about the Synergy Pro method that has a good section on the TDI.
Remember the TDI gives you a lot more information than just a cross.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,791
  • Mar 10, 2016 1:21am Mar 10, 2016 1:21am
Quoting emmanuel7788
{quote} Hi, on the left of your H4 chart, you see last week's low. that is natural support. to trade continuation of the weekly candle, you sell when price breaks that low and follow to see if it makes a new low for this week.\ regards, {image}
Dear Emmanuel, thank you for the insight.

The more I learn about price action, the more I am confused about TDI, as it is a lagging indicator. If there is no trend, it is very risky to trade with TDI.
  • #66,792
  • Edited 1:45am Mar 10, 2016 1:23am | Edited 1:45am
Hey all, just wanted an opinion on GBPUSD.

I'm new to forex trading so please correct me if my analysis of the pair is wrong.

Doing my big picture planning, I noticed that the pair's dominant trend is a downtrend. However in the short term, there has been a uptrend movement.

I noticed there is a WRB on the D1 chart, and the pair has been trading in this range for the last 2 days.

I'm assuming we would be looking at a bias for a sell if there is a break of the WRB on the daily chart.

Please could you advise me if this analysis is correct.

Also below is a image of my chart for GBPUSD, I have draw a box where the WRB range is and also have I correctly drawn the trend lines.

All advice is highly appreciated.

Attached Image (click to enlarge)
Click to Enlarge Name: BBP-GBPUSD3rdMARCH2016.png Size: 60 KB
  • #66,793
  • Mar 10, 2016 1:55am Mar 10, 2016 1:55am
Quoting satjhangra
Hey all, just wanted an opinion on GBPUSD. I'm new to forex trading so please correct me if my analysis of the pair is wrong. Doing my big picture planning, I noticed that the pair's dominant trend is a downtrend. However in the short term, there has been a uptrend movement. I noticed there is a WRB on the D1 chart, and the pair has been trading in this range for the last 2 days. I'm assuming we would be looking at a bias for a sell if there is a break of the WRB on the daily chart. Please could you advise me if this analysis is correct. Also below...
there is a Weekly WRB and Day show double inside bars .

I will go look for another pair to trade.

Wait until the GU long term traders decided where they want to go then we follow with ME/ME.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,794
  • Mar 10, 2016 2:10am Mar 10, 2016 2:10am
I closed all my trades early this morning. From tomorrow until 21 March I will be very busy with my fellow group of traders from out of town. Lots of small workshops to do with the group. Trading will be light for the next 10 days but I will read this thread whenever I can.

TMS ME/ME trades closed for week 9 and 10.

Week 09 to 10 ( Mar 2 to 10)
Winning trades : 150
Losing trades : 35
Total Win pips : 4,347 pips
Average Win Pips : 28.6 pips
Average Win Amount: $559.17
Average Lot Size : 2.07 std.
Average duration of trade : 7Hours 55Mins

Attached Image (click to enlarge)
Click to Enlarge Name: TMS MEME trades closed 10 Mar.png Size: 61 KB


Last week's results:
http://www.forexfactory.com/showthre...17#post8792917
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,795
  • Mar 10, 2016 2:26am Mar 10, 2016 2:26am
Quoting emmanuel7788
I closed all my trades early this morning. From tomorrow until 21 March I will be very busy with my fellow group of traders from out of town. Lots of small workshops to do with the group. Trading will be light for the next 10 days but I will read this thread whenever I can. TMS ME/ME trades closed for week 9 and 10. Week 09 to 10 ( Mar 2 to 10) Winning trades : 150 Losing trades : 35 Total Win pips : 4,347 pips Average Win Pips : 28.6 pips Average Win Amount: $559.17 Average Lot Size : 2.07 std. Average duration of trade : 7Hours 55Mins {image}...
Very inspiring. Way much better than my results. One day hope to post equity curve going up not down.
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Your trade order needs to be in the right place at the right time.
  • #66,796
  • Mar 10, 2016 2:35am Mar 10, 2016 2:35am
Quoting emmanuel7788
{quote} there is a Weekly WRB and Day show double inside bars . I will go look for another pair to trade. Wait until the GU long term traders decided where they want to go then we follow with ME/ME.
Cheers for the quick reply. What would we be looking out for to know where the long term traders are going. Would it be a break of the weekly WRB. ​
  • #66,797
  • Mar 10, 2016 2:38am Mar 10, 2016 2:38am
Quoting Islandfx911
{quote} Very inspiring. Way much better than my results. One day hope to post equity curve going up not down. {image}

It is more a money management game we play in this market.
the technical trading anyone can learn and master in time.
the MM is not that easy because it is closely tied to our psychology when I trade with our hard earned money.
but once you have the experience and start trade with "other people's money" like what Dr Van Tharp wrote in his money management report, the game change.
my account is made up of "other people's money" the past 2 weeks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,798
  • Mar 10, 2016 2:40am Mar 10, 2016 2:40am
Quoting Islandfx911
{quote} Very inspiring. Way much better than my results. One day hope to post equity curve going up not down. {image}
Mine so far, I had 73% win rate using Big E's TMS only. Must be lucky.

However I need to study up about money management and ME/ME because the few losses I had was huge. I was using previous high/low as SL

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  • #66,799
  • Mar 10, 2016 2:42am Mar 10, 2016 2:42am
Quoting satjhangra
{quote} Cheers for the quick reply. What would we be looking out for to know where the long term traders are going. Would it be a break of the weekly WRB. ​

we don't know yet, we wait and see when the big players will move the market again.
we small retail traders have little chance because we cannot move the market.

got to go now, my dinner is getting cold and my weissbier gets warm and not nice to drink warm bier.

see you folks soon...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,800
  • Mar 10, 2016 2:47am Mar 10, 2016 2:47am
Quoting emmanuel7788
Two M15 Losses... {image} only two reasons for these two losses. if you know what these two reasons are, you are good.
1. consolidation
2. caught in a bear trap.

2 possible reasons.
Also selling into resistance.
It's in fear when people show what they truly value.
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