hello, you can try use ADR pro calculator from Compas FX {file} {file}
Hi lookleft, would the below indicator be any help identify support and resistance? {quote} would this be deviating from tms? thank you for all your help so far
done with this week as my first TMS week. 3 trades from today AUDJPY (+40), GBPAUD (+44) and Gold (+90). i think my main weakness in TMS is that i still find it difficult to keep trades open longer and let the profits run {image} {image} {image}
Nice start nijemho,
{quote} Emm, i follow your post, and found this {image} and i check on daily chart, and TDI D1 cross UP it mean you cutloss of 5 open trade?
Well my first endeavor into manual trading is off to a better than expected start after week 1 wraps up. I started on Mon/Tues with the FX Dynamite system which just wasn't working for me. Was around 40% win rate with it. I switched to TMS mid week, but with using some adjustments for how I look for entries. I would say things have gone quite well
{quote} The one marked with the arrow could be regarded as a WRB. It is basically yesterday's high and low (crazy day). The red line is the area of S/R you are trading into. Look back and see that price has reacted to it. The blue line is also a S/R are where price has reacted. {image} Edit: If the S/R around 1.9000 hadn't been there I'd have taken the trade with about a 100 pip target.
Well my first endeavor into manual trading is off to a better than expected start after week 1 wraps up. I started on Mon/Tues with the FX Dynamite system which just wasn't working for me. Was around 40% win rate with it. I switched to TMS mid week, but with using some adjustments for how I look for entries. I would say things have gone quite well
{quote} Acana, Do you understand the followings:- 1. what is Trade Invalidation? 2. the trailing of D1 position trading using 2-days look back. that AJ trade is an example of how traders can define in their Exit Strategy. Yes, I close that position (5 trades) in a loss $1,108 that week. That is 1% loss. I do not use 15% to 30% risk, that is far too much for me being a conservative trader. That week, overall result for AJ was Win $1,515. The nett gain was still positive +$407.
+407 its huge profit{quote} cool
{quote} ok, I will show you. please pick a currency pair D1 chart and tell me which D1 candle you want to enter a trade (buy or sell) and I will explain in details how to run ME/ME trading on D1 chart.
Emmanuel or Acanatrader, could you please explain about trade invalidation too?
{quote} wow amazingg, im so excited
{quote} very good pick.... any EUR pairs is great! I will show you what proven MM strategy can do to protect your trading account. I will be back in 2 hours after my trading buddies leave my house after one last round of beers. Tomorrow they all have hard day of workshop session, they have plenty of brainstorming to do, ... while I relax stay tuned!
