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- tmoney5474 replied Oct 3, 2012
For the Global zone trades. Shouldnt you also be short EURUSD?
TST levels
- tmoney5474 replied Oct 2, 2012
Exit GBPJPY +30, USDCHF about BE and EURJPY +40. Exit all position due to change in trend of 4h channel. No open trades at this time. Good week so far!
Channel surfing!
- tmoney5474 replied Oct 2, 2012
Ok, so one other question. Using the TST levels. Is this how you use them. Say day direction is SELL Then open shorts above upper day boarders AT each TST sell levels. Look for a trade back to the day boarder for TP. So today you could have opened ...
TST levels
- tmoney5474 replied Oct 2, 2012
OCD, its great to have you on board! I dont mind indicators, things like MACD divergence on longer term charts confirm very well, when at a supply or demand level they work great. But, after many years of doing this one thing has been clear. The ...
Channel surfing!
- tmoney5474 replied Oct 2, 2012
Also, why is the level in the pic below dashed. Shouldnt it be dots becasue it was already traded at?
TST levels
- tmoney5474 replied Oct 2, 2012
[quote=TST_trader;6063080]About drawdown on Ferrums. In that case we will not be wait comeback. In that day was "compression" of Ferrums (it's when between buy and sell ferrum less than 30 pips). In these days price usually make shot. PERFECT! Thank ...
TST levels
- tmoney5474 replied Oct 2, 2012
Found a scary one on the EURUSD. Still short with no comeback on 7/25. How do you manged these HUGE drawdowns. Would you still be holding this position?
TST levels
- tmoney5474 replied Oct 2, 2012
First TP hit. Letting the rest run to 1.3020! Another great trade.
Channel surfing!
- tmoney5474 replied Oct 2, 2012
Another one 8/31 GBPUSD 1.5804. Am I looking at this right? Would you still be holding these (short on 8/21 and short on 8/31? If so, would you add to the short when you get the 8/31 signal or just let the 8/21 play out? I assume add. And if you do ...
TST levels
- tmoney5474 replied Oct 2, 2012
Take a look at the attached pic. 8/21 GBPUSD 1.5709 level has never come back after the breakout. Am I looking at this right? How would you manage this? Sorry for all the questions but again, Im kindof excited about this...
TST levels
- tmoney5474 replied Oct 2, 2012
Just so Im clear.... The solid lines are new levels that have never been tested or broken? The Dash lines are levels that have been broken but have not had a retrace back to the level? (what exactly do you mean by untreated?) And the dot line is ...
TST levels
- tmoney5474 replied Oct 2, 2012
So you dont really use a stop loss on these trades. you dollar cost average in and close some/most/all of the position at the center line. Correct? How would a strategy like this perform durring 08-09 with the GBPUSD going from 2.10 to 1.40? Wouldnt ...
TST levels
- tmoney5474 replied Oct 2, 2012
EURAUD never closed into the channel. Not trade... EURJPY still active +30 pips EURUSD still active +30 pips GBPJPY still active +20 pips USDCHF still active +10 pips Imagine FX - Its a little bit of the art not science. But its more about pivot ...
Channel surfing!
- tmoney5474 replied Oct 1, 2012
EURAUD setting up short. Also the EURJPY became valid 100.56 for a long. EURUSD still live LONG USDCHF still live SHORT
Channel surfing!
- tmoney5474 replied Oct 1, 2012
If we hit 2950 before ISM I'm taking the full position off. If not, I'm letting it ride. We should get some solid movement around ISM. Very importaint US number...
Channel surfing!
- tmoney5474 replied Oct 1, 2012
Ok, just so I can understand what these leves are a little better. They are pulled from the cboe and based on options volume at these levels? Im still not clear on what the TST_Levels are tracking and what the arrows and thumbs are showing. Also, ...
TST levels
- tmoney5474 replied Oct 1, 2012
Very interesting. Not sure I'm 100% clear on how to use it. Can you create one post explaining how to use each indicator and the rules. I posted them and I see a lot of red and blue lines but its not real clear. What are the up and down thumbs ...
TST levels
- tmoney5474 replied Oct 1, 2012
Not a huge fan of this trade because of the ISM but its valid and im in. SL 1.28, TP #1 - 1.2950, TP #2 - 1.3020.
Channel surfing!
- tmoney5474 replied Oct 1, 2012
Im taking half at 2950 and going to let the other half run to 3020. It isnt great risk/reward. The ISM data worries me. I think the $ will get a bid but we shall see. USDCHF is also valid.
Channel surfing!