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  • #101
  • Edited 1:51pm Mar 16, 2016 12:59pm | Edited 1:51pm
MrAussieFx - you said the below in your first post
My regular job starts in the middle of Asian Session and usually finishes at 2 hours into the NY session...That means it is very hard for me to trade London session.


i also can't trade the london session - i was wondering what tips or observations you have made trading the US Sessions. - Big E thought they went sideways and that trends 90% started in the london session. any help you could give on this observation would be much appreciated
Thank you

Quoting MrAussieFX
{quote} Dennis, I would really appreciate if you could stick with the right template on this thread. To answer your question please see the charts below. Yes, once the trade is gone we have benefit of hindsight and could have and would have started taking place in our heads...But we have to backtest and forward test everything so Market doesn't make us feel nervous and scared when it comes to pulling the trigger. {image} {image} Kindest regards
just to confirm, in the second image - the circle is indicating a trade we should have taken at the cross or would we be looking for potential sell trade when a slight reversal occurs - as i see the chart and i am fairly rotten at PA the next support for it to hit is the 1.39 area on both the H4 and D1 - lucky ppl that entered at the cross!!!!

Edit: Ahhhh... the power of news
i would still like to confirm your comment on the H4 chart posted earlier - "so wait for that H4 entry"
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 48 KB
Fib(onacci) my way to glory
  • #102
  • Mar 16, 2016 3:29pm Mar 16, 2016 3:29pm
Thank so much, Nick! Excellent comment: first the higher tf and then confirm a potential entry in LTF. Many times I found it hard to identify the trend...

Quoting Nik-Nyc
Congrats MrAussie, i remember many of your great contributions in the TMS thread, indeed i have many of your charts saved as references. This thread will be a great resource for the newbs as well as more experienced members. Cheers and goodluck! @Po-Veteru, let me offer my feedback on your trades today. Firstly, we always start our analysis from the HTF (higher time frames) and then move to the LTF (lower time frames). Therefore, when looking first at the D1 USDCHF we see that all recent candles are below the PAC and 5ema, therefore we can only...
  • #103
  • Mar 16, 2016 3:41pm Mar 16, 2016 3:41pm
Note taken Karado, thanks a lot for your help. Note take: no news trading by now.
Best
Quoting Karado58
{quote} Hi po-veteru, I can address 1 thing, and leave the rest for more experienced traders. Trading into news is never advised, especially for beginners. Trading is about playing the "odds", trading into "major" news (unless you are experienced) just puts you at 50/50, coin flip regardless of your setup.
  • #104
  • Mar 16, 2016 8:27pm Mar 16, 2016 8:27pm
Quoting billsmith
MrAussieFx - you said the below in your first post My regular job starts in the middle of Asian Session and usually finishes at 2 hours into the NY session...That means it is very hard for me to trade London session. i also can't trade the london session - i was wondering what tips or observations you have made trading the US Sessions. - Big E thought they went sideways and that trends 90% started in the london session. any help you could give on this observation would be much appreciated Thank you {quote} just to confirm, in the second...
Hi Bill,

That circle was there to show when TDI started aligning with Price...we have to use our convenient time (Trading session) to drill down to look for entries. They could come at London session on H1 charts or before London session on H4 chart.

Kindest regards
  • #105
  • Mar 16, 2016 8:33pm Mar 16, 2016 8:33pm
EU Sell Losing Trade (16-03-2016)

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sell H4 with SL edited.png Size: 183 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily 170316 edited.png Size: 188 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 Sell trade stopped out edited.png Size: 173 KB



Kindest regards
  • #106
  • Mar 16, 2016 8:58pm Mar 16, 2016 8:58pm
How do I see my Trades if I work during the LO session and can only monitor H4 trade setups ?

1. My 4 hr candle starts at 8:00am (Australian Eastern Standard Time) i.e NY close, I wake up at 7:30am...at NY close I look at charts and see for any potential daily entries
2. My next 4hr candles are at 12:00 noon (2 1/2 hrs after this candle I start my work), 4:00 pm, 8:00 pm, 12:00 midnight (1 hr after this candle I finish my work), 4:00 am
3. London Session for me starts at 7:00 pm my time and finishes at 4:00 am
4. I've installed Teamviewer(Do your Google search, its a free remote browsing software) on my PC and on my Mobile phone and linked them to each other.
5. Using the templates mentioned on 1st page makes it easy for me to just open my mobile phone at every 4 hr and see for the setup, If I see a setup, I'll take it and come back after 4hr to see how its working.

I hope it helps.

Kindest regards
  • #107
  • Mar 16, 2016 9:03pm Mar 16, 2016 9:03pm
Quoting MrAussieFX
EU Sell Losing Trade (16-03-2016) {image} {image} {image} Kindest regards

MrAussieFX,

I like your honesty in posting this losing H4 trade. Given the fact that some trade setups will end up as losers despite how hard we work to achieve that 70% win rate.

If I may share my view and post-mortem analysis on EURUSD with my 20:20 vision.

EU has been trading sideways in a range since Mar 2015 seen on Monthly chart.

The recent weeks, were several wide range bars - Jan 31 and Mar 6 weekly candles.

Then on the D1 chart, we had a wide range bar on Mar and this week the market is trading in this WRB. The D1 candles are above the 5EMA Typical Price, Shift+3 (this is basic TMS condition). Hence there will be greater risk when whe trade against this basic TMS condition. Also that WRB bar has hidden-gaps which often get filled. TMS technical traders will simply look at the BRN 1.1000 and that 200EMA on D1 chart as support. That D1 Doji tells us something before the storm.

On H4, you sold into one of those hidden-gaps where many traders would be waiting to buy. This is advance trading with WRB-analysis and has nothing to do with TMS.

You are a good teacher with lots of patience. You sacrifice your time despite those long working hours you have everyday and want to help others learn trading. I thank you for doing this. You are not a full time trader but some day, your trading will replace your full time day job. You will have to make it to the next higher level as a trader.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108
  • Mar 16, 2016 9:09pm Mar 16, 2016 9:09pm
Quoting MrAussieFX
EU Sell Losing Trade (16-03-2016) {image} {image} {image} Kindest regards

Hello MrAussieFX,
Can you please explain why this zone of support was not a factor in you taking this trade?
Thank you for posting a losing trade; much more can be learned from them!!
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Sell H4 with SL edited.png Size: 130 KB
  • #109
  • Mar 16, 2016 9:22pm Mar 16, 2016 9:22pm
Quoting emmanuel7788
{quote} MrAussieFX, I like your honesty in posting this losing H4 trade. Given the fact that some trade setups will end up as losers despite how hard we work to achieve that 70% win rate. If I may share my view and post-mortem analysis on EURUSD with my 20:20 vision. EU has been trading sideways in a range since Mar 2015 seen on Monthly chart. The recent weeks, were several wide range bars - Jan 31 and Mar 6 weekly candles. Then on the D1 chart, we had a wide range bar on Mar and this week the market is trading in this WRB. The D1 candles are above...
Appreciate the kind words, Emm.

Yes, you are right in your post-mortem on EU. I did mine right this morning and found out that I should have looked more carefully into the the trade setup as there are some very obvious signs that were saying "Let the Price action do its thing"...I am learning from my trading mistakes everyday and really appreciate the comments.

Kindest regards
  • #110
  • Mar 16, 2016 9:33pm Mar 16, 2016 9:33pm
Quoting Karado58
{quote} Hello MrAussieFX, Can you please explain why this zone of support was not a factor in you taking this trade? Thank you for posting a losing trade; much more can be learned from them!! Thanks. {image}
Hi Karadi58,

Thanks for the comments, Yes, I was aware of that area and took the trade solely based on the TDI cross and Momentum in the Price. I should have considered more thoroughly before pulling the trigger as Emm mentioned in the previous post there were so many factors that were saying stay on the sidelines.

But sometimes we make mistakes, I did too and I learn from my trading mistakes everyday. As I am not a know-all guy and open to all comments, feedback and suggestions.

Kindest regards
  • #111
  • Mar 16, 2016 10:01pm Mar 16, 2016 10:01pm
Quoting MrAussieFX
{quote} Hi Karadi58, Thanks for the comments, Yes, I was aware of that area and took the trade solely based on the TDI cross and Momentum in the Price. I should have considered more thoroughly before pulling the trigger as Emm mentioned in the previous post there were so many factors that were saying stay on the sidelines. But sometimes we make mistakes, I did too and I learn from my trading mistakes everyday. As I am not a know-all guy and open to all comments, feedback and suggestions. Kindest regards
Thank you for creating this tread, and as Emmanuel says, "...you sacrifice your time despite those long working hours you have everyday and want to help others learn trading." All us beginners are in the same boat, all struggling to learn and succeed; thank you for giving your time and helping us on this journey!!
You're an inspiration, MrAussieFX!!
Thank you!
  • #112
  • Mar 16, 2016 10:04pm Mar 16, 2016 10:04pm
Quoting emmanuel7788
{quote} MrAussieFX, I like your honesty in posting this losing H4 trade. Given the fact that some trade setups will end up as losers despite how hard we work to achieve that 70% win rate. If I may share my view and post-mortem analysis on EURUSD with my 20:20 vision. EU has been trading sideways in a range since Mar 2015 seen on Monthly chart. The recent weeks, were several wide range bars - Jan 31 and Mar 6 weekly candles. Then on the D1 chart, we had a wide range bar on Mar and this week the market is trading in this WRB. The D1 candles are above...

Hi emmanuel,

About the hidden gap for that WRB, I couldn't find it on the M15 or M5. Where is the hidden gap? Would you mind taking a screenshot of it?

Thank you.
  • #113
  • Mar 16, 2016 10:05pm Mar 16, 2016 10:05pm
A trade I placed few hours ago...small target so nothing to sneeze about...it was taken on the 4hr chart. Entry was a little late cos price took a while to come out of consolidation. The cross happened a lot earlier but price action was favouring a buy. Both Green and Red TDI was pointing up. Trend on the time frame was also up.

Regards
Dennis
Attached Image (click to enlarge)
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  • #114
  • Mar 17, 2016 1:25am Mar 17, 2016 1:25am
Thank you this thread from MrAUFX!
I see Gold
My idea Long why D1 candle yesterday bullish
H4 MBL at the moment below 50 ,and tdi crossed
H1 MBL above 50 .
What you see?
Attached Image(s) (click to enlarge)
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Find it The Best Entry Points
  • #115
  • Mar 17, 2016 2:27am Mar 17, 2016 2:27am
GBPAUD supposed to be a fine sell trade.
Attached Image (click to enlarge)
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  • #116
  • Mar 17, 2016 3:02am Mar 17, 2016 3:02am
Quoting Lanzo
GBPAUD supposed to be a fine sell trade. {image}
Find it The Best Entry Points
  • #117
  • Mar 17, 2016 3:35am Mar 17, 2016 3:35am
Quoting antonym
{quote} Hi emmanuel, About the hidden gap for that WRB, I couldn't find it on the M15 or M5. Where is the hidden gap? Would you mind taking a screenshot of it? Thank you.

Hi,

this thread title is "TMS for Newbies".
what I do is for advance TMS traders who have been trading since 2011 till now.
I shared this WRB Analysis for MrAussieFX because I knew him since 2012 and I want to bring him to the next higher level and he will in future pass it on.

You won't find hidden gaps using MT4 because you only have M1 and M5 data.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118
  • Mar 17, 2016 4:21am Mar 17, 2016 4:21am
Quoting vgyuszko
Thank you this thread from MrAUFX! I see Gold My idea Long why D1 candle yesterday bullish H4 MBL at the moment below 50 ,and tdi crossed H1 MBL above 50 . What you see? {image} {image} {image}
yess
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 156 KB
Find it The Best Entry Points
  • #119
  • Mar 17, 2016 5:43am Mar 17, 2016 5:43am
@ MrAussie
Nice thread.. I´m sure I can learn here some missing points .. also as a better newbie ;-)
I really appreciate it

Subscribed
Guido
Risiko birgt immer auch die Chance.
  • #120
  • Edited 6:12am Mar 17, 2016 5:46am | Edited 6:12am
Quoting po-veteru
Hi, First of all: Big Thank you to Mr. Aussie and the rest of TMS experts helping here. You have created the most didactic thread on TMS. Congratulations for the great work!, really helpful. Today I have tried to apply the rules trading the USDCHF H4 and I would like it if someone could give me some feedback on what I am doing. Below are the charts used for the set up: H4 and D1. My pretrade reasoning was: on H4, green is over red, both sloping up, and both over MBL as well as over the 50 line; MBL is below 50 but slightly pointing up. Previous...
first u dont have the entry candle on H4 [ur entry is candle#4] .... see first pages ..... next the cross is below 50line [and the PA is weak as - but dont worry about this 4 now] indicating bearishness .... read the rules many times and u will get use 2 them

take another look at the cross itself - how would u describe it - flat? loopy? ...

consider this .... the ATR[14] value for that pair was around +30pips - do u feel a 25pip SL is enough given that [on avg - ruffly] one candle can take u out? .....

keep going !!!!
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