TMS for Newbies Part 2

Quoting josh11

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Morning Everyone, Hows it all going?? LW I am back Currently looking for GJ to take out the highs

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Quoting griffinssoul

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{quote} yes they r supp&res that i put in manually <- this is very important 2 me - i know how to make a supp&res indi but i dont tink that is a good idea IMO - u have 2 get ur hands dirty - smell the soil - before a trade the color code i use is - magenta H4 - black D1 - blue W1&MN - i dont put in the H4 lines if i am on the H4 chart cause i can easily see supp&res i hang the lines on important swing points like bottoms & tops - i use the close line [-hang on close line - get it] 4 this - here is a really...

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Quoting scarlet pipe

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Anyone contemplating going long Ucad H4? Nice looking reaction from 100 level and BRN. Worried about pending red news this afternoon tho! Against trade is TDI cross is way below 32 level. What do you think guys n gals??? {image}

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Quoting griffinssoul

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{quote} superb trade bill - congrats ..... i know it can get frustrating but u gotta put in the time&effort [like u have been] for ever - otherwise it wont work out ..... IMO - look'n @ ur trading u have the technicals down well but u r now struggling wit the psychology .....

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Quoting omonisha

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{quote} We want to see a HL to trade for HH or a LH to trade for LL. {image} {image}

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Quoting foxtrader16

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This is a trade I missed. It is on and I have no clue at what point I should get in. The good ole me would have just jumped in without thinking. But having been in the company of you all guys and gals I have now started to "think". I have put in a red vertical line where I would have ideally liked to be in. Tips and pointers will be appreciated. USDJPY H4 BUY {image}

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Quoting billsmith

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out of interest, on a day like today with lots of news, how long after the news do you start looking for trades?

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Quoting josh11

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{quote} Depending on your TF, on LTF about 30m on a high impact news but you must also take into account the size of the moves, if price has move a lot with the news and hit ADR for the day, best not to trade that pair for rest of day!

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Quoting billsmith

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{quote} yes i am trading M30, thank you for the advice. going to sit on my hands

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Quoting josh11

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{quote} You will find the more you do that the more profit you will make

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Quoting foxtrader16

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I wanted to post this trade I have taken even though there is a contradiction. I traded based on H4 and H1. However D1 is still not aligned to H4. H4 of the 3 amigoes are aligned. Also the entry angle looks right and in the OB area. AUDUSD H4 SELL {image}

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Quoting josh11

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{quote} You got it, be careful trading against daily TF.

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Quoting griffinssoul

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{quote} gr8 2 c u back buddy

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Quoting PipsN

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{quote} Hi GS, some question hope i will get your kindly attention please tell me which MA your are using on your chart (setting ) , If possible please upload your Grid indicator please (i cant find it anywhere ) ... you are using HA candle or ABP ? That TDI you are using is it default setting or you change it by your own ? Sorry if all those question was answer before ....

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