TMS for Newbies Part 2

Quoting TheScorpS

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{quote} T represents Todays ADR , and Y represents Yesterdays ADR , EA on Fridays at the time I took long, it had around 160 pips Y ADR, at the time of taking the trade T ADR was about only 70 pips so there was a lot of pips remaining on that pair, it moved more than 100 pips from where I took profit And very good post on TDI levels, 60 - 30 levels, PA will stay in those levels upove them , or below them in an extreme over sold or over bought zones, and will generates huge pips , just need to act on those trades

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Quoting Scrambleguy

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{quote} I was hoping you may have commented on my first posted trade yesterday good or bad, but no worries

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Quoting Nostromo

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{quote} Scrambleguy - My 2 cents for what it is worth, a valid bounce trade and you definitely sold at the right time. That divergence you highlighted in cyan - I would have been tempted to go long on that after closing your short trade and seeing the 2nd bull candle open.

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Quoting mraam

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GU +50, exit before the news, Broke the 68 rule though - cross was good. All the TMS traders here are exceptionally generous. Thanks GS, LW, LL, JMN, RJ, TSS, Davit (and others whom are contributing) TMS is certainly not simple.. but its a very interesting way of trading. To be honest i dont care about losing, im more interested in learning. Cheers Guys {image}

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Quoting TheScorpS

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{quote} Very good trade , TMS in a nutshell, I took EA long at LO for quick 50 pips , well done {image}

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Quoting mraam

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GU +50, exit before the news, Broke the 68 rule though - cross was good. All the TMS traders here are exceptionally generous. Thanks GS, LW, LL, JMN, RJ, TSS, Davit (and others whom are contributing) TMS is certainly not simple.. but its a very interesting way of trading. To be honest i dont care about losing, im more interested in learning. Cheers Guys {image}

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Quoting Lookleft

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{quote} Nice trade. You did a better job than me I was way too later. But got it right coming back. {image}

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Quoting Scrambleguy

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Another nice run on Gbp/jpy, entered when price broke the PAC, run down to support bottom and BRN {image}

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Quoting kilns

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Caught AUDUSD just after the TDI crossover. Currently +65pips I guess does it look like a double bottom coming up, would it be wise to take profit at this point {image}

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Quoting Lookleft

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{quote} Nicely done. Just goes to show that once you start to learn how a pair moves, pips become easier.

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Quoting jmn5611

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The padawans have it, think I. Teach others, they will.

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Quoting kilns

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Caught AUDUSD just after the TDI crossover. Currently +65pips I guess does it look like a double bottom coming up, would it be wise to take profit at this point {image}

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Quoting realjumper

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I mentioned last week or the week before about Sl placement and following the Big E method of placing it under the previous swing low when buying, or above the previous swing high when selling. I spoke about how seldom the SL would get hit, and how it should be used as a kind of 'emergency' device should there be a massive spike against your trade. Just such a spike came last week when the BOJ surprised the market and I saw the GJ pair move 200 pips in the blink of an eye. I wasn't in any trade at the time (because I don't ever trust the BOJ), but...

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