Dislikedtill now i didnt activate frnds..,better to quit this & come on any other genuine web site for discuss & chat?Ignored
arasheed
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Dislikedtill now i didnt activate frnds..,better to quit this & come on any other genuine web site for discuss & chat?Ignored
DislikedMy approach is to keep it simple as possible. I trade the daily charts and all I have is the original tdi The one with the bands and the heiken ash candles...thats it.
With this approach i managed to make Over 2000 pips last month.I actually got out of some of my trades early so i would have gotten even more.Ignored
DislikedI def dont think more indicators is the answer.Its like i read in that book millionaire traders.The currency trader guy said that with enough studying you can be very profitable off one indicator.
My approach is to keep it simple as possible.I trade the daily charts and all i have is the original tdi The one with the bands and the heiken ash candles...thats it.
Before when i woke up sometimes i would try to mess around with the one hour or 15 minute time frames but i have decided to dedicate myself to the daily.I might try the higher ones...Ignored
DislikedKingclarence - I have been trying the daily and H4 without too much success. I can only trade at 0600, 1800 and 2200 GMT ie; outside the London open - are you trading the London Open?Ignored
Disliked...
I think im gonna start posting charts.It might help some people.I dont see many people talking about the daily tf.Ignored
DislikedCheck this chart out.Its three good solid trades on here.I caught the one on the end and got like 500+ pips.I screwed myself and tried to re enter and lost 127 of it back.Ignored
DislikedDo you enter trades on candles beyond the 2nd?
It appears you can't avoid that when you're aiming for those trades where green is coming from 68/32 touching the 50...Ignored
DislikedI follow Big E's rules no later that the second candle.It doesnt have to touch the 50 just be making a sharp turn towards it.Ignored
DislikedGood stuff! Safe(r) trades while still entering early enough to catch the momentum.
So the only downside would be that you'd have to have the patience of Job before a nice trade comes along, right?
One trade opp a week? Every two weeks?
This would really fit my work situation which is very demanding.
I often don't even have the time to check out the H4 situation.Ignored
DislikedYeah.I dont really take bounce trades but i might do some backtesting and look into it.The other thing is that i watch like 15 pairs and sometimes have four trades going at once.I dont recommend anyone else do that but it works for me.I backtested and demo tested it.
Your right though.Daily you gotta be patient.lol it was annoying it first but i love not sitting in front of the computer all day.Its cool to go to bed and wake up having gained 300 pips and your trades are still going.Ignored
DislikedI'm certainly going to give D1 a try using your approach!
Thanks for sharing your D1 experiences.
I'm on demo for almost a year now and will continue demoing until I've sufficient capital to handle the large stops at D1 (2% risk with min. lotsize at Interactive Brokers about 0,25).
Fortunately D1 lends itself better for backtesting than the smaller TF's.
Smaller TF's require those lightning fast ninjaskillz and insight possessed by blessed souls as Phx62, Britpip7 and the creator of this thread.Ignored
DislikedYour Highness, what can you say about the number of trade opportunities?
On H1 and H4 there's at least a couple daily. I've opened 12 D1 charts last Monday, but no crosses thusfar.
What's your take on this?Ignored
DislikedI'll attempt to post the current template set up I'm using. Included are indies I use. Set to default. Included a pic as well. Change the colors as you like. Test loading worked ok for me. I'm using FXDD platform.
Good trades to all.
Cheers.
CliffIgnored
DislikedI have a full time corporate job and live in EST zone. I don't trade anyting less than 8HR or daily timeframe. I normally look at my charts at 5 PM EST and around 8 AM EST. Atleast to me, even the broker time and candle doesn't mean anything as I look for the places where price turn around.
If you trade long term TF you can still make the same pips, the only difference is the number of trades. You can make 1000 pips a month out of 2 daily trades or 50 4hr trades. The number of trade whether 50 or 20 is a trader's choice. The only downside...Ignored
DislikedYour opinion is ok, every person have their own trading time frame. 5 minutes, 4hour, daily etc etc....
May I ask you How much (margin/percentage) of your total account do you put per trade with that 8 hour/daily TF?Ignored
DislikedHey guys, I thought I'd set up a little chatroom for everyone who is trading with the TMS system. Might be a good opportunity to discuss anything related to the system in real time.
If enough people join this chat it could prove really helpful.
http://express.paltalk.com/index.html?gid=1429950431
Cheers,
BobbyJIgnored
Disliked@ bobby
how to joint the paltalk?
how to find yr address ?
pls advise.
luckyIgnored