A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
- | Joined Feb 2009 | Status: Member | 1,038 Posts
Thanks for your help, warmth and straight talking Heather.
TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies
My TMS Trade Journal 11 replies
My journal based on TMS 5 replies
PA patterns with TMS system 45 replies
Polapip The Meandering System (TMS) 29 replies
Disliked{quote} Hi Socrateez, I'm sorry, I don't understand you reference to negative correlation. When I saw the gap, the divergence and the strong pullback my only thought was that this has a chance to be the session high. KIgnored
Disliked{quote} IMO u can only improve supp&res line for ur trading only - there is no 1 way 2 do it cause any way will work ..... we r trading a mostly random market [as far as we see it] so this means if u place lines anywere on the chart they will become supp&res in the future most likely - & most like they have been supp&res in the past .... there r many ways to do this ..... wicks end - smallest wick most touches - close line - candle pattern [example - a tram track would be supp&res etc] .... i always do this manually {image}...Ignored
Disliked{quote} What I mean is - correlations are only visible after-the-fact and will meander 'out of sync' at randomly. Even though a strong positive or negative correlation will track its counterpart, when it starts to drift (during its 'out of sync' phase) you don't know that is the case until it becomes visibly obvious in your chart. By that time (hours later) your trade profit will be negative until the convergence takes you back to where you expected to be. So, you may actually be right, it could be the 'session high', but if it wasn't - you wont...Ignored
DislikedHope this help out abit LW. Now... back to my submarine kitchen. Enjoy everyone. Good pippins.Ignored
Disliked{quote} IMO u can only improve supp&res line for ur trading only - there is no 1 way 2 do it cause any way will work ..... we r trading a mostly random market [as far as we see it] so this means if u place lines anywere on the chart they will become supp&res in the future most likely - & most like they have been supp&res in the past .... there r many ways to do this ..... wicks end - smallest wick most touches - close line - candle pattern [example - a tram track would be supp&res etc] .... i always do this manually {image}...Ignored
DislikedGA short +80. Entered as LO made new low of session and BEOB. Nice bounce on H1 TDI, H4 TDI was hooking over. H1/H4 stochs in alignment. Bearish Div on H4. Closed as price closed the gap created at market open last night. {image}Ignored
Disliked{quote} Good morning K I trade 15-30min charts.To me Price can drop 50-70pips even if previous H4 is opposite.This happens a lot on news releases. This is what lot of traders miss in terms of H4 D candles.Importance of H4 D candles are only relevant to me where current price is. Location.Remember 70% forex is in a range and price goes to swing bottom to swing top.If previous H4 pushed price to swing top I will NOT buy irregardless previous H4 being green bull candles. Lot of traders say things like "I will not trade against H4" that's a weak statement...Ignored
Disliked{quote} Hmm News... good point. If newbies, better stay out. Why ? It'll try to eat your SL if your entry is not niche. So for exit. Grab what on your plate. But I like news because 1. It'll power up the candle. 2. I can also re-entry at a cheaper price. 3. NFP... what so scare about NFP? When price tend to rise or fall, news has no impact. because the price already oversold or overbought. In my case is different. I dont play with SL. I let it Margin Call. My entry is already way among others. So in terms or Risk:Reward, I've already achieve my...Ignored
DislikedGood morning Thanks for the reviews. I do not know the time when I go out, the H4 candle close red? or should I expect to get my SL? Thank you very much.{image}Ignored