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  • #79,641
  • May 11, 2017 3:11pm May 11, 2017 3:11pm
Im glad with my achivment for these week goal fulfilled most done wia TMS trading!
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  • #79,642
  • May 11, 2017 3:23pm May 11, 2017 3:23pm
These photo explain all if you are in able to achive these in friday you have done with that week is over other wise you will put your self in mes from wich you never gona fund the end. Im soory for talkking to much
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  • #79,643
  • May 11, 2017 7:40pm May 11, 2017 7:40pm
Quoting liunliun
{quote} hi emmanuel, so in the picture you posted, we didn't set stop loss in that two short entries?

Hi,

which two short entries?

there were no short entries with TMS 5-Method trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,644
  • May 11, 2017 7:43pm May 11, 2017 7:43pm
Quoting Wallace2007
{quote} Hi, And what indicator is for "Dynamic cut-loss"? Or how we can create it?

No need for special indicator.
That chart was to explain how the Dynamic Cut-Loss is to be calculated by a trade manager EA.
A trade manager Ea must be able to calculate the cut-loss levels for buys/sells in realtime and closed trades when the price reaches those levels.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,645
  • May 11, 2017 7:49pm May 11, 2017 7:49pm
Quoting ReverseFlash
I just sold AUD/JPY on TMS demo account. What ya think? Will tell tomorrow if it became a win or a loss. Good Luck. RF. EDIT: I didn't realise then but now I noticed the TDI has already crossed three times down and went back up which it's clearly not a good signal, but as it's just demo will let this trade open, if it becomes a loss, I'll have learned something from it. {image}
Not the best JPY pair to trade at the moment while it is narrow ranging but more to the upside.

Better wait until it breaks out and starts to trend again.

Keep an eye on UJ, EJ and GJ, they look like topping before the next big move. Something for the coming weeks to create cash flow by not locking our trading capital in huge floating drawdowns.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,646
  • May 11, 2017 7:59pm May 11, 2017 7:59pm
AUDUSD Week 19 May 12

As you can see, AU has gone sideways for 2 days after that Mar 9 D1 bar/candle. It hot a weekly support region 0.7337 and 0.7329.
longer term target is 0.7290 but we must wait and also check what on the economic calendar for Aussie and the commodity markets trading.

Wait for the breakout of May 9 High/Low would be my trade plan for coming days.

meantime you don't see any AU trades in my Trade Explorer trade plan CI500.

I have only UJ trades for this week for that TE account.

Other trading accounts in FX Blue.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,647
  • May 12, 2017 12:11am May 12, 2017 12:11am
Hi TMS Folks,

It's 1am New York, must be tiring day for some who worked day jobs. Don't lose sleep just because you love trading. Lack of sleep can impair your thinking and judgement therefore detrimental to both your health and your trading. Go get some sleep.

To those who PM and ask me for which pairs to trade next week and my trade plan. Instead, why not you tell me which pair you want to trade and I can share my weekend top down analysis with my Big Picture Plan BPP. You can then compare my BPP and work on your own trade plan for next week. Important to do you own hoemwork and share it here so that we can become more interactive in this thread and share our experience here.


Looking at the charts now, there is not much going to happen except later when London session opens and also during NY session when there are data release/news.
Maybe another one of those boring Friday with G7 meeting all day - today and tomorrow.

One good question someone asked in PM - which 2 days of the week are the worst days to trade? Anyone like to share?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,648
  • May 12, 2017 1:35am May 12, 2017 1:35am
hi
USDCHF 4H
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USDJPY
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EURCAD
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EURUSD
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my worst day is when I jump in without preparation/plan, otherwise there are no surprises
  • #79,649
  • May 12, 2017 2:02am May 12, 2017 2:02am
Quoting emmanuel7788
Hi TMS Folks, It's 1am New York, must be tiring day for some who worked day jobs. Don't lose sleep just because you love trading. Lack of sleep can impair your thinking and judgement therefore detrimental to both your health and your trading. Go get some sleep. To those who PM and ask me for which pairs to trade next week and my trade plan. Instead, why not you tell me which pair you want to trade and I can share my weekend top down analysis with my Big Picture Plan BPP. You can then compare my BPP and work on your own trade plan for next week....

For any serious traders, this is the place to learn, and Emmanuel is the best man here....

Weldone Mate.

Happy trading All.
Yomi.
Time always comes before price
  • #79,650
  • May 12, 2017 2:26am May 12, 2017 2:26am
Quoting emmanuel7788
Hi TMS Folks, It's 1am New York, must be tiring day for some who worked day jobs. Don't lose sleep just because you love trading. Lack of sleep can impair your thinking and judgement therefore detrimental to both your health and your trading. Go get some sleep. To those who PM and ask me for which pairs to trade next week and my trade plan. Instead, why not you tell me which pair you want to trade and I can share my weekend top down analysis with my Big Picture Plan BPP. You can then compare my BPP and work on your own trade plan for next week....
Friday and Monday.

Thanks
  • #79,651
  • Edited 2:58am May 12, 2017 2:47am | Edited 2:58am
Quoting emmanuel7788
{quote} Hi Uk1, Few things you must first know. 1) The 10EMA is used instead of the 5EMA, Typical Price, Shift+3 which is part of the 5-Method. there is very little difference between the two moving averages. I prefer the 10EMA and I can use the same timeframes. 2) The basic rule for TMS 5-Method is - buy when the price action is above the 5EMA - sell when the price action is below the 5EMA. The 5EMA is for direction by Big E. Why 10EMA? The power of 10EMA Post#8,528 by...
Emm,
Thanks for the explanation, I look forward to PM responses. One question re the envelope around the price action, is this a keltner channel that the trade manager references for the cutloss, or is this just to show visually how the cutloss looks but your trade manager calculates this 'on the run'?
Thanks
  • #79,652
  • May 12, 2017 4:25am May 12, 2017 4:25am
Nice sight to wake up to this morning! both screenshots show entry on GBPAUD, one on Daily chart and and on on H4

Literally had a quick look before i went to sleep last night and spotted it
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  • #79,653
  • May 12, 2017 4:57am May 12, 2017 4:57am
Got to leave for work in 10-15 mins and after a quick look on GBPAUD M15 i spotted some bearish convergence. I may well be wrong here but PA is starting to agree and i'd rather not take the chance of letting another close to +100 pip drop back to +50 so exited at +89

EDIT - TDI also agreeing on the exit on m15
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  • #79,654
  • May 12, 2017 5:21am May 12, 2017 5:21am
Gooooo!!! XAUUSD USDJPY
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  • #79,655
  • May 12, 2017 6:26am May 12, 2017 6:26am
Quoting mizi123
Im glad with my achivment for these week goal fulfilled most done wia TMS trading! {image}
Hello Mizi,

you have entries only in daily charts?

dan
  • #79,656
  • May 12, 2017 6:45am May 12, 2017 6:45am
Quoting emmanuel7788
Hi TMS Folks, It's 1am New York, must be tiring day for some who worked day jobs. Don't lose sleep just because you love trading. Lack of sleep can impair your thinking and judgement therefore detrimental to both your health and your trading. Go get some sleep. To those who PM and ask me for which pairs to trade next week and my trade plan. Instead, why not you tell me which pair you want to trade and I can share my weekend top down analysis with my Big Picture Plan BPP. You can then compare my BPP and work on your own trade plan for next week....

Hi Emmanuel,

I think each week the 2 worst days to trade can vary, first week of month obviously unless you like trading NFP then the Friday of that week is a no-go. To some that like to trade NFP they would probably see it as the best however so everything is subjective..

I'm tempted to say Monday is a slow day generally..

Yesterday was a slow day on at least the few pairs I was trading.... overnight last night is another story!
  • #79,657
  • May 12, 2017 7:51am May 12, 2017 7:51am
Quoting Trader MT4
{quote} Hello Mizi, you have entries only in daily charts? dan
Mostly Dan
  • #79,658
  • May 12, 2017 8:20am May 12, 2017 8:20am
Quoting emmanuel7788
One good question someone asked in PM - which 2 days of the week are the worst days to trade? Anyone like to share?
Saturday and Sunday. No rules for the other days of the week, FX is not a train with a time schedule, unfortunately
  • #79,659
  • May 12, 2017 8:29am May 12, 2017 8:29am
Gold
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AUDUSD
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #79,660
  • May 12, 2017 8:50am May 12, 2017 8:50am
Quoting darko2010
{quote} Saturday and Sunday. No rules for the other days of the week, FX is not a train with a time schedule, unfortunately

Now that is a great answer
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