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Attachments: TMS for Newbies Part 2
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TMS for Newbies Part 2

  • #841
  • May 5, 2016 10:55am May 5, 2016 10:55am
Quoting TheScorpS
EA short today for +50 pips , TDI had crossed in the Asian Session and continued at LO {image}
I have a question. I see the trend in EURAUD is up. What is the reason to counter trend?

Thank you.
  • #842
  • May 5, 2016 11:27am May 5, 2016 11:27am
Quoting TheScorpS
EA short today for +50 pips , TDI had crossed in the Asian Session and continued at LO {image}
Nice Trade!

Missed this one.
Silence your Ego & Your Power will Rise
  • #843
  • May 5, 2016 11:52am May 5, 2016 11:52am
Quoting TheScorpS
EA short today for +50 pips , TDI had crossed in the Asian Session and continued at LO {image}
I took the same trade TSS. Also +50.

Nice to see i'm on the same track as you!

Reasons for my entry:

Price had been falling since daily open.

H4 showing bearish divergence.

H4 TDI dropping from 68 level and H4 stoch dropping from 80 level.

Price pulled back at LO then I entered as price continued down and broke yesterday low.

50 pip target was also influenced by the R61 level.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #844
  • May 5, 2016 1:14pm May 5, 2016 1:14pm
Quoting TheScorpS
EA short today for +50 pips , TDI had crossed in the Asian Session and continued at LO {image}
Is it not awfully late ? is it not first or second red candle after cross ?

Best regards
  • #845
  • May 5, 2016 7:01pm May 5, 2016 7:01pm
Quoting antonym
{quote} I have a question. I see the trend in EURAUD is up. What is the reason to counter trend? Thank you.

Quoting jgadefelth
{quote} Is it not awfully late ? is it not first or second red candle after cross ? Best regards
This pair was due to corrections, when trading LO or NYO sessions, sometimes when a move starts early in one session theres a good chance that it continued the way into next session , so this was not typical 1-2 candles entry after a change of color , u need to learn how the pair flows at one session or time of the day , I was not expecting a reversal based on MBL on H1
I Have Learned to Take Some Losses to Make Profits
  • #846
  • May 5, 2016 10:43pm May 5, 2016 10:43pm
Quoting scarlet pipe
{quote} I took the same trade TSS. Also +50. Nice to see i'm on the same track as you! Reasons for my entry: Price had been falling since daily open. H4 showing bearish divergence. H4 TDI dropping from 68 level and H4 stoch dropping from 80 level. Price pulled back at LO then I entered as price continued down and broke yesterday low. 50 pip target was also influenced by the R61 level.
Nice Trade!

You waited for the 2nd candle after LO? Or entered during (1st candle) pullback?


Took this, currently at BE. Realized later that it was a news trigger. Riding my luck on this one. Testing R100, PA above yesterdays open/high.
Cheers

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1 FF.png Size: 20 KB
Silence your Ego & Your Power will Rise
  • #847
  • May 6, 2016 3:11am May 6, 2016 3:11am
Quoting mraam
{quote} Nice Trade! You waited for the 2nd candle after LO? Or entered during (1st candle) pullback? Took this, currently at BE. Realized later that it was a news trigger. Riding my luck on this one. Testing R100, PA above yesterdays open/high. Cheers {image}
2nd H1 candle after LO. The one that closed below the previous day low.

Hope you managed to bag some green pips on your trade.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #848
  • May 6, 2016 3:16am May 6, 2016 3:16am
Quoting TheScorpS
{quote} {quote} This pair was due to corrections, when trading LO or NYO sessions, sometimes when a move starts early in one session theres a good chance that it continued the way into next session , so this was not typical 1-2 candles entry after a change of color , u need to learn how the pair flows at one session or time of the day , I was not expecting a reversal based on MBL on H1

Ok. I see.

What do you mean by "This pair was due to corrections"? Are you saying, you are expecting it to have such a deep correction?

Thank you.
  • #849
  • May 6, 2016 3:34am May 6, 2016 3:34am
Quoting scarlet pipe
{quote} 2nd H1 candle after LO. The one that closed below the previous day low. Hope you managed to bag some green pips on your trade.
Excellent!

I did, up 10+ captain hook turned up and I closed. Should have stayed, PA bounced another 20+. Still green pips is green pips.

Cheers
Silence your Ego & Your Power will Rise
  • #850
  • May 6, 2016 3:35am May 6, 2016 3:35am
Quoting antonym
{quote} Ok. I see. What do you mean by "This pair was due to corrections"? Are you saying, you are expecting it to have such a deep correction? Thank you.
Yes I was expecting it to do a corrections, am looking at another possible corrections on this pair today too, will see what happens through the session , dont take this advise as a reversal as the pair is now in uptrend
I Have Learned to Take Some Losses to Make Profits
  • #851
  • May 6, 2016 11:31am May 6, 2016 11:31am
Today's trades:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot4.png Size: 111 KB
  • #852
  • May 6, 2016 1:32pm May 6, 2016 1:32pm
Quoting MoneyTalks58
Today's trades: {image} {image} {image} {image}
Nice trading Money. Let's discuss your trades, your reason for entry and exit. How you use those indicators. We all can learn
Sad i'm not trying to understand PA
  • #853
  • May 6, 2016 1:44pm May 6, 2016 1:44pm
Quoting omonisha
{quote} Nice trading Money. Let's discuss your trades, your reason for entry and exit. How you use those indicators. We all can learn
Omonisha it is nice to hear such a comment from you. Thanks.

I use ichimoku cloud for follow the trend and use the support and resistenca. I also add 50 and 200 ema. There seems lots of indicator however, I try to think simple. I trade above the cloud long, when stochastic turns from overbought area and tdi cross. Also try to think about support and resistence. For short trade vice versa.

I opened long position for AUDCAD below the ichi cloud because there were long lower wick 2-3 hours ago. The rejection was strong I thought and try to get quick pips. I am not able to stay profits a lot. I have to improve it.

Edit: I use stoch and ichimoku to be more conservative and not to overtrade. They are my break.
  • #854
  • May 6, 2016 2:02pm May 6, 2016 2:02pm
Quoting MoneyTalks58
{quote} Omonisha it is nice to hear such a comment from you. Thanks. I use ichimoku cloud for follow the trend and use the support and resistenca. I also add 50 and 200 ema. There seems lots of indicator however, I try to think simple. I trade above the cloud long, when stochastic turns from overbought area and tdi cross. Also try to think about support and resistence. For short trade vice versa. I opened long position for AUDCAD below the ichi cloud because there were long lower wick 2-3 hours ago. The rejection was strong I thought and try to...
Do you look at higher time frame when trading H1? How do you use the PAC? I saw you took a trade from inside the PAC. You tried for quick pips ? By the look of your trades guess you were quick on every trades. Saw your EN trades. That has high ADR and your SL was to tight. Trade worked in your favor but don't you think that SL was suicidal for that kind of high ADR pair? They easily move 30 40 pips up and down.
Sad i'm not trying to understand PA
  • #855
  • Edited 3:01pm May 6, 2016 2:48pm | Edited 3:01pm
Quoting omonisha
{quote} Do you look at higher time frame when trading H1? How do you use the PAC? I saw you took a trade from inside the PAC. You tried for quick pips ? By the look of your trades guess you were quick on every trades. Saw your EN trades. That has high ADR and your SL was to tight. Trade worked in your favor but don't you think that SL was suicidal for that kind of high ADR pair? They easily move 30 40 pips up and down.
Do you look at higher time frame when trading H1?
I don't look generally.
How do you use the PAC? I saw you took a trade from inside the PAC. You tried for quick pips ? By the look of your trades guess you were quick on every trades.
I don't care too much about PAC and I try to get quick pips.

Saw your EN trades. That has high ADR and your SL was to tight. Trade worked in your favor but don't you think that SL was suicidal for that kind of high ADR pair? They easily move 30 40 pips up and down.
Yes, you are right. It was risky. However it was below cloud. If it broke the cloud, I thought it can go faster and tried to stop loss quick.

EDIT: I am not a good trader like other participants. I have lots of think that have to learn. There are probably lots of mistake and want to learn with sharing.
  • #856
  • May 7, 2016 12:02am May 7, 2016 12:02am
Quoting MoneyTalks58
{quote} Do you look at higher time frame when trading H1? I don't look generally. How do you use the PAC? I saw you took a trade from inside the PAC. You tried for quick pips ? By the look of your trades guess you were quick on every trades. I don't care too much about PAC and I try to get quick pips. Saw your EN trades. That has high ADR and your SL was to tight. Trade worked in your favor but don't you think that SL was suicidal for that kind of high ADR pair? They easily move 30 40 pips up and down. Yes, you are right. It was risky. However...

Yes there are lots of things on your chart that raise some question in my mind. just a few.

1. You don't care for the PAC but still they are on your chart
2. You don't care of the ADR because you wanted quick pips. And there is an ADR indicator there.
3. You believe in cloud yet you took a long entry below the cloud.
4. Those S/R's MA's role not clear
5. you believe in stoch but didn't mention how you use TDI

What do you think about the above? Aren't they confusing to you?
Sad i'm not trying to understand PA
  • #857
  • Edited 1:41am May 7, 2016 1:20am | Edited 1:41am
For the newbie. Just to share ideas

1. Draw your own S/R lines on WK and D1. Only recent S/R.
2. Do we have any set ups on any Time frame? If no then no question. If yes then
1. Which one and how will we trade? Where will we want to open? where should be the SL? Where to BE? Where to TP or how will we manage if it runs in favor? If not in favor where to cut loss?

EDIT- Use your own skill do not borrow from others
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.png Size: 129 KB
Sad i'm not trying to understand PA
  • #858
  • May 7, 2016 3:13am May 7, 2016 3:13am
Quoting omonisha
{quote} Yes there are lots of things on your chart that raise some question in my mind. just a few. 1. You don't care for the PAC but still they are on your chart 2. You don't care of the ADR because you wanted quick pips. And there is an ADR indicator there. 3. You believe in cloud yet you took a long entry below the cloud. 4. Those S/R's MA's role not clear 5. you believe in stoch but didn't mention how you use TDI What do you think about the above? Aren't they confusing to you?
Yes, I have ADR and PAC but they don't confuse me. So I am comfortable. I trade below the cloud and I explained it previous posts. Sometimes I trade counter. For instance, AUDCAD long trade, the previous candle was a sign for a rejection. There is also one more support around this area in 1-2 days ago. TDI entry is classical for me. I look the red-green cross, overbought - sold areas, MBL crosses and vb cross.
  • #859
  • May 7, 2016 6:31am May 7, 2016 6:31am
Quoting omonisha
For the newbie. Just to share ideas 1. Draw your own S/R lines on WK and D1. Only recent S/R. 2. Do we have any set ups on any Time frame? If no then no question. If yes then 1. Which one and how will we trade? Where will we want to open? where should be the SL? Where to BE? Where to TP or how will we manage if it runs in favor? If not in favor where to cut loss? EDIT- Use your own skill do not borrow from others {image}
Very good points..

Whats the general consensus on trading against the daily or weekly trend? I read Big E's posts and he was totally with trend flow, but if one is just looking at hourly candles, do they matter?

Cheers & Happy Weekends to all
Silence your Ego & Your Power will Rise
  • #860
  • May 7, 2016 7:17am May 7, 2016 7:17am
Quoting mraam
{quote} Very good points.. Whats the general consensus on trading against the daily or weekly trend? I read Big E's posts and he was totally with trend flow, but if one is just looking at hourly candles, do they matter? Cheers & Happy Weekends to all
I think lastingwell suggested trading with the next higher TF up. If you use H1, let H4 be your trend chart.
If you are good at something, never do it for free--Joker
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