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  • #421
  • Sep 15, 2016 9:20am Sep 15, 2016 9:20am
Slow burn today took many hours but exited for 40 pips.

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We're all just one trade away from humility.
  • #422
  • Sep 15, 2016 10:24am Sep 15, 2016 10:24am
Quoting Hazza88
{quote} Ok so if the adr was 100 and we are already at 70 for todays range and theres 30 left to hit the adr bottom and you open a trade would you still take profit at +50 pips?
If I hadn't pips for the day I might enter and aim for my 50pips but exit at 30 if possible. Happy with whatever the market gives me.
We're all just one trade away from humility.
  • #423
  • Sep 15, 2016 11:24am Sep 15, 2016 11:24am
Quoting Drewas
Slow burn today took many hours but exited for 40 pips. {image}
I took the same trade but closed for -15. At that time there was a retrace of some 25 pips - why did you decide to hold on to your trade when you often get out for -5 or less?
  • #424
  • Sep 16, 2016 2:36am Sep 16, 2016 2:36am
Quoting Go5
{quote} I took the same trade but closed for -15. At that time there was a retrace of some 25 pips - why did you decide to hold on to your trade when you often get out for -5 or less?
It was so slow yesterday that I held through the retrace confident that it would continue up. Fortunately it did.
We're all just one trade away from humility.
  • #425
  • Sep 16, 2016 4:22am Sep 16, 2016 4:22am
Quoting Drewas
{quote} It was so slow yesterday that I held through the retrace confident that it would continue up. Fortunately it did.
Thanks. Let' s see if that works today on GU and AU...
  • #426
  • Sep 16, 2016 7:38am Sep 16, 2016 7:38am
Quoting Go5
{quote} Thanks. Let' s see if that works today on GU and AU...
Looks good today had you take trades around LO on those two?

No trades for me today, in meetings all day.
We're all just one trade away from humility.
  • #427
  • Sep 16, 2016 8:22am Sep 16, 2016 8:22am
Quoting Drewas
{quote} Looks good today had you take trades around LO on those two? No trades for me today, in meetings all day.
Yes, closed GU for +15 at S1 (missing 70+...), still in AU, some +22 now.
  • #428
  • Sep 19, 2016 6:54am Sep 19, 2016 6:54am
So scalped 30 pips this morning.

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Entered at bounce at London Open, ADR near last days max and also yellow TDI below 32 (rarely goes much below that number) so was watching like a hawk happy with whatever the market would give.

Expect some kind of retrace so may be opportunites later.
We're all just one trade away from humility.
  • #429
  • Sep 20, 2016 9:18am Sep 20, 2016 9:18am
I took 2 trades today 1 for a loss and 1 win.

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The first trade i took as tdi green bounced off red, over the 50 line and trend line pointing up, it also broke the asian high. This turned out to be a fakeout and i ended up getting out at a loss of 20 pips. Im not sure at what point you realise exactly its a fakeout so would be interested to hear your thoughts about that.

The 2nd trade was as it was turning the opposite way with more volume, tdi cross and asian low breakout, i took a tp of 58 pips 4 hours after that.
  • #430
  • Sep 21, 2016 2:44am Sep 21, 2016 2:44am
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First trade today price at London open mving away from yellow semafor quite rapidly after two yellow suns overnight.

No TDi cross so kinda against my rules but taken in anticipation of one. Currently 30 pips have moved stop to break even + 2 so no risk now.
We're all just one trade away from humility.
  • #431
  • Sep 21, 2016 2:47am Sep 21, 2016 2:47am
Quoting Hazza88
I took 2 trades today 1 for a loss and 1 win. {image} The first trade i took as tdi green bounced off red, over the 50 line and trend line pointing up, it also broke the asian high. This turned out to be a fakeout and i ended up getting out at a loss of 20 pips. Im not sure at what point you realise exactly its a fakeout so would be interested to hear your thoughts about that. The 2nd trade was as it was turning the opposite way with more volume, tdi cross and asian low breakout, i took a tp of 58 pips 4 hours after that.
Nice trading.

For me im aware to a fake out if the candle is 50% or less of size and is close to a new candle. Of course its subjective and depends on how fast price is moving.
We're all just one trade away from humility.
  • #432
  • Sep 21, 2016 3:12am Sep 21, 2016 3:12am
Hello Drewas

I just subscribed to your amazing thread ...but I've got a question or two.
Does this system work for every currency or selected currency?
Has it been profitable in the long run, or will it require tweaking as the market dynamics changes over time?

Thanks.
  • #433
  • Sep 21, 2016 3:30am Sep 21, 2016 3:30am
Quoting kingdavid15
Hello Drewas I just subscribed to your amazing thread ...but I've got a question or two. Does this system work for every currency or selected currency? Has it been profitable in the long run, or will it require tweaking as the market dynamics changes over time? Thanks.
Hi it works for all currency and time frames. Personally I trade 1HR and look for pairs with a ADR of 100 or more purely because its easier for me to get my 30,50 or 100 pipsthan it is on a pair that only moves 50 pips a day.

You may want to start on a lower ADR pair as until you get the hang of it your losses will be smaller too.

The system is a variation of the TMS I have been trading it for around 5 years and really only add an indicator or two to see if it helps but the essence is the same as TMS just with the semafore indicator to help me recognise direction and get an idea for possible targets.

Targets may reduce or increase over time but the system works once you know what to look for and has worked long before I started doing it.

If you want to check go back and see after you get a yellow semafore 3 how often the MACD goes through 0 and makes a new peak. Any pair any time frame you will be amazed.

Of course sometime you will get a yellow semafor and price will turn around and make a new high or low in that direction but thats where your exit and money management comes in.
We're all just one trade away from humility.
  • #434
  • Sep 21, 2016 4:19am Sep 21, 2016 4:19am
Hello Drewas. Looks like your still going strong! Do you use the same indicators off your 1st post or have you changed things up. I like that you have stuck around usually the originator of the thread disappears after little bit. I like what your doing keep it up!!
  • #435
  • Sep 21, 2016 4:50am Sep 21, 2016 4:50am
So out for 50 should have and meant to cancel my take profit order oops. Still cant complain.

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We're all just one trade away from humility.
  • #436
  • Sep 21, 2016 4:55am Sep 21, 2016 4:55am
Quoting goathed1
Hello Drewas. Looks like your still going strong! Do you use the same indicators off your 1st post or have you changed things up. I like that you have stuck around usually the originator of the thread disappears after little bit. I like what your doing keep it up!!
Same indicators more or less added guppy moving averages but thats about all. I found that posting my trades helped in formalising the process.

I find that thread originators start and then stop either because they give up or trade in a different way or earn so much money they stop trading maybe. I have tried other systems and still do occasionally but always come back to this as my bread and butter.
We're all just one trade away from humility.
  • #437
  • Sep 21, 2016 2:20pm Sep 21, 2016 2:20pm
Hi Drewas

Pls am eager to know, on the average how many trades do you take daily via this system , and what's ur approx. winrate??

David
  • #438
  • Sep 21, 2016 3:38pm Sep 21, 2016 3:38pm
Quoting kingdavid15
Hi Drewas Pls am eager to know, on the average how many trades do you take daily via this system , and what's ur approx. winrate?? David
One or two a day some days none. Not sure what my win-rate is if i lose pips on a trade 10 would be a lot and rare.

I am a part time trader and work also so cant spend all day looking at charts.
We're all just one trade away from humility.
  • #439
  • Sep 22, 2016 3:10am Sep 22, 2016 3:10am
Thought id try USDJPY this morning.

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Around 30 pips atm stop to breakeven +2
We're all just one trade away from humility.
  • #440
  • Sep 22, 2016 4:44am Sep 22, 2016 4:44am
Out for 30 more than 50% retrace on current candle and cant watch after this hour so happy with 30 pips.

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We're all just one trade away from humility.
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