AU = +10 pips
Hi TMB
If Iām not too late, would love an inviteā¦
Thanks
Sanjay
Hi stupip, i do not know how you drawn your gartleys but I got an entry on a / u in 161% of 786 that give +20pips. I wanted to make a new entry but Iām not sure about this time.
I want to ask you about how the market at this time, is volatile?Nice trades.
I usually donāt watch trades or trade during London or New Yorkā¦but those are the best times, according to TMBā¦
Attached is TMBās Suggested Trading Timesā¦
I closed the trade because I happend to be watching it at the timeā¦it did eventually hit +30 pips, but I only got the first +10.
Updated AU Chartā¦
Rules Of The Trade - By TMoneyBags.pdf (22.4 KB)
Trading Times.pdf (20.3 KB)
Rules Of The Trade - By TMoneyBags I printed this on my desk, thanks for Tranding Times.
Sometimes, different time frames give different entriesā¦what would you do?
Letās say GU 4HR gives me entry to sell at 1.5444 (~4 pip convergence), but GU 30MIN gives me entry to sell at 1.5471 (exact convergence)ā¦do you take both, choose one or neither?
GU 30MIN:
GU 4HR:
I would go in both entries.I do not know for sure and also without experience, I need sleep
Stu, for the life of me I canāt make those fibs work! Any suggestions on what Iām missing?
Oh sorryā¦I use different (but similar) XABCD points/systemā¦please follow TMBās way and see if it works for youā¦
If you like, post a chart you are thinking of tradingā¦and Iāll check if it matches TMBās style.
Thatās the challenge Iām having is that I find convergence between XA and CD and the price never reaches it:55: Or I just canāt find it! lol Iāll search for one and post, thx for your help!
You did find oneā¦with very good convergence tooā¦
I got the same D pointā¦using that XABCDā¦
I donāt think you need my helpā¦let me know how your trades goā¦
I think you are concern of not being able to find patterns, or it not reaching your D point to get triggeredā¦for this, you just have to be patient, and look at different pairs on different time framesā¦
If you posts your trades/set upā¦people will help youā¦and they will also post their set upsā¦so yall end up sharing trades and helping each other.
You have like 90 pips to go before it hits your D thoughā¦(you might find a pattern within that pattern of yours):
I wouldnāt have traded this, but this is so you can see that patterns come more often than you see:
Closer Look: SL 15 pip, TP 30+ (It went 55 pips):
I think quite a strong case can be made for this EG short 0.8365 as outlined on the chart. I expect it will trade higher than 0.8365 (possibly up to TL resistance and potential m30 crab 0.8375), maybe even a splash through āXā. Ideally, would hit āDā soon after London open. Stop would be around 0.8430.
Would be selling extreme weakness, always the risk it blows up in my face, lets see.
Hello, after that Iāll try only get entryās when combo with nice retracements like this below + S/R lines.
ok, what I remebered from TMB, X needs to be @ an extreme in price, convergence XA @ .786 = CD @2.000!
Braindamage, here is another convergence on the GPB/USD, XA .786 = CD 1.618 w/a trend line as resistance.
not a good day for me either. EUR/USD and USD/CHF both entry bars closed positively but the targets were not meet (one +15, one + 20 pips) before went against the orders and got knocked out at b/e. EUR/JPY was quickly lost at the entry bar, the price moved very fast.
The strategy lacks a fine tune, i.e. how to profit even in a fakeout market. TMB mentioned his new strategy which included dealing with profit during fakeout time. Or does anyone have experience on this issue?