DE30 Apr 24 FO candle also good momentum for entry...
DE30 Week 17 trades closed Apr 23 and 24.
Good start after the Easter long weekend and when market re-open on yesterday, I place my first buy trade looking at Weekly chart. There was little movement yesterday, so when I manage my trades on H4, I see profits I will take them and re-open new basket.
Just a while ago, I closed 2 trades when H4 candle closed and re-open 2 new positions in a new basket.
Note the weekend gap down yesterday when I open my first positions.
Now I have some profit money to play the rest of this week.
Nice! We are winning!
question what currency is that your always trading de30?
Which indicator is that that shows your TDI angle? How can I read more about that..
its the German stock market mate
TDI Green line angle 12-2 and 4-6 depends on what you screen aspect ratio is.
the angle view depends on your screen zoom ratio.
many traders look at their mobile narrow screen, the angle may look nice.
but the price action remains the same when you look at the Price bar / candlestick and the APB/HA candles body size and the high/low.
I know what some of you are thinking when you see the charts above,
and one of the rules in #Post#261 says:
Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.
Good Trading folks.
here is yesterday's trade examples - when and where to add positions... build up a basket of trades.
- follow Weekly trend
- trade once every 4 hours, use your broker's server time and candle,
- plan your trades, build your positions gradually over time... every 4-hours, you first position entry must be a H4 type of entry and follow the Weekly, then next,
if you have time to monitor at the 4-hour, then wait for the H4 candle to close and look for entries using M5 or M15. This is to avoid too many positions in one basket at too close order distance. Use a minimum distance based on ADR-100 days.
Read How to Build a Position: Post#19,588
Just in case you did not get this message from your brokers,
WARNING: Potentially hazardous market conditions - Japanese golden week
Japan has an extended spring vacation, ‘Golden Week’, from 27th April to 6th May. This will be the longest market closure since the end of World War II, creating potentially hazardous market conditions due to the low liquidity expected across all markets during Asian hours.
Low liquidity, especially during Asian hours, can create extreme flash crashes. Recent examples of these include:
there was no buying yesterday despite the TDI cross up and the Stochastics did not agree.
USDJPY Week 17 Apr 26 ... sell continues
price action is obvious with D1 making lower high lower low and lower Close
lookout for PA at the BRN 111.00 and those 50/200EMAs reaction.
US advanced GDP today during NY session.
good post and example how to read the price action. ...example of PA and bounce setup.
Quality post that is what we need in this thread for all to learn from.
market made a very strong rally after 3 weeks of short range swings.
strong rally to a new high but fails to make higher highs,
then corrects with small candles, one small pull back and then the big candle ... a Bearish Engulfing Outside Bar BEEB/BEOB which is one of my favourite setup candle which show lots of momentum and the RSI price line will show.
I got an alert with TMS Monitor but because it is Friday NY session, I would not take a 4H swing trade. Reason is there is no time for a swing of 3 to 8 candles and market will close for the weekend.
For those who traded the H4 yesterday, you made your money.... easily 50pips.
Note how the PA stop at the 10EMA on the D1 and the 50EMA on the H4.
Next week, new trade plan ... follow the Weekly***.
*** we have a short Week - 2 trading days till this April MN candle closes, then a new MN starts. Do your update of the MN swing levels and know where support below and target the support.
When I planned my retirement I wanted to improve my trading years ago and someone recommended I read Big E posts in this thread. It wasn't enough for me just reading his 463 posts in this thread so I did the smart thing and read all his posts in Forex Factory.
This Post#296 was one of the important post which has several takeaways. The main takeaway for me was an advice to do my own system development as he mentioned in his Post#296 and I follow his trading journey in FF all along.
. Develop a trading system that fits you and practice, practice, practice.
coming up next, just to inspire you to work even harder from today onward..
...so stay tuned!
Keep It Simple has its limitations.
I was wondering what indicator do you use to show the mini-charts at the bottom of your screen for different timeframes? I'm already familiar with pipware charts but the version I have (v6.2) seems buggy. Thank you.
That's the Pipware last version v.70 in this old Post#76,270
the templates are in that post.
1) you need to input the correct name the TDI version you want to use to display that in the sub-window#.
in this chart below, I have my TDI Red Green(post_25) in the second sub-window.
2) if you want to see the APB/HA candles in another sub-window, you can add another instance of that same indicator and activate the HA candles but make sure you have the APB/HA version and not the traditional HeikenAshi. This will make some difference when we trade the reversal candles.
Have Fun trading the next 10 days with Japan Golden Holidays.
starting today is Japan' Golden Week. This is an opportunity if an event like this would create a Lotto Model opportunity.
I'm looking at UJ, AU and EJ... D1 chart long swing trades.
so stay tuned!
Edit: For those who still do not know what the Lotto Model is, go back to this post linked below and watch that video.
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