Never wrestle with a pig. You both get muddy, and the pig enjoys it.
- #142,342
- Sep 5, 2023 6:09am Sep 5, 2023 6:09am
- Joined Nov 2008 | Status: Trader | 50,336 Posts
[quote=T4Trade;14563711]
I take one Weekly candle at a time. When this week close I'll check and see if this week is a WCC and its high-low range. Then I make my trade plan for next week.
I will look at Daily candles ... big candles, small candles, etc.... I need to see fractal swing low with 5 candles. If I see a two candles reversal like a BUOB or BUEOB, I will consider an early trade entry and reduce my money$ risk for that two bars/candles setup. I learn many of such reversal after studying Big E posts and his charts, many such trades are high percentage resulting failed trades and losses. Avoid all HA candle #1 and also most of HA candle#2 entries unless there is a clear clean Swing Low True REVERSAL setup with both Stoch and TDI signals.
EU below, I know where key price swing levels to look for the setups.
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{quote} @tommydog... You missed the 5bars/candles swing high True REVERSAL on Daily ... {image} ...[/quote PA is at previous 3 months low,i think it will go up from here
I take one Weekly candle at a time. When this week close I'll check and see if this week is a WCC and its high-low range. Then I make my trade plan for next week.
I will look at Daily candles ... big candles, small candles, etc.... I need to see fractal swing low with 5 candles. If I see a two candles reversal like a BUOB or BUEOB, I will consider an early trade entry and reduce my money$ risk for that two bars/candles setup. I learn many of such reversal after studying Big E posts and his charts, many such trades are high percentage resulting failed trades and losses. Avoid all HA candle #1 and also most of HA candle#2 entries unless there is a clear clean Swing Low True REVERSAL setup with both Stoch and TDI signals.
EU below, I know where key price swing levels to look for the setups.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,343
- Sep 5, 2023 6:15am Sep 5, 2023 6:15am
- Joined Nov 2008 | Status: Trader | 50,336 Posts
Sep 05 H1 TMS-II 0800am - two valid TOK_5H setups with very small stop loss - price action basics big candle, small candles, and MOMENTUM candle setup with TIMING after the Tokyo news EU
{image} GU {image} ...
EU Sep 05 TMS-II trades update:
- closed two positions +17pips + 25pips
- remaining trailing with CSTSL and CP using TMS-II EA
- let the market decide
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,344
- Sep 5, 2023 6:28am Sep 5, 2023 6:28am
- Joined Nov 2008 | Status: Trader | 50,336 Posts
Sep 05 H1 TMS-II 0800am - two valid TOK_5H setups with very small stop loss - price action basics big candle, small candles, and MOMENTUM candle setup with TIMING after the Tokyo news EU {image}
GU {image} ...
EU Sep 05 H1 Price Action according to post #647
- basic stuff
- big candles, small candle ... Mother Bar/Inside Bar ... CONSOLIDATION
- then the breakout move ... MOMENTUM candle
- you do not need any TDI for timing ... the candle time is all you need
- initial stop loss use 2CLB rule
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,345
- Sep 5, 2023 7:52am Sep 5, 2023 7:52am
- Joined Nov 2008 | Status: Trader | 50,336 Posts
GBPUSD Sep05 H1 Synergy_Pro exit
- just in time before NY 9am
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- just in time before NY 9am
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,346
- Sep 5, 2023 8:01am Sep 5, 2023 8:01am
- Joined Nov 2008 | Status: Trader | 50,336 Posts
AudChf Sep05 H1 exit sell
- APB change colour
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- APB change colour
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,347
- Sep 5, 2023 8:29am Sep 5, 2023 8:29am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,933 Posts
{quote} EU Sep 05 H1 Price Action according to post #647 - basic stuff - big candles, small candle ... Mother Bar/Inside Bar ... CONSOLIDATION - then the breakout move ... MOMENTUM candle - you do not need any TDI for timing ... the candle time is all you need - initial stop loss use 2CLB rule {image} ... {image}
Same setup, Same rules.
=== When TDI give a signal
> Refresh chart.
> Did TDI green cross red (green bounce red)
> TDI green angle above / below 2 / 4
> Is Stoch confirming TDI green direction
> Candle 1 or 2
===Use post#647 to confirm TDI signal
- #142,348
- Sep 5, 2023 8:53am Sep 5, 2023 8:53am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} TMS traders use previous highs and lows to determine trade levels. This takes away 'time' which makes your trading decision less limited by time, but rather the price movement itself. trade well. {image}
Also when not to trade and to exit trades.
- #142,349
- Sep 5, 2023 9:07am Sep 5, 2023 9:07am
- Joined Nov 2008 | Status: Trader | 50,336 Posts
{quote} Keep it simple Vincent. Same setup, Same rules. === When TDI give a signal > Refresh chart. > Did TDI green cross red (green bounce red) > TDI green angle above / below 2 / 4 > Is Stoch confirming TDI green direction > Candle 1 or 2 ===Use post#647 to confirm TDI signal {image}
For TMS Pro Advance Traders and post #2617
XAU Sep01 H1 New York 10am
#647 Price action with Price Action Channel
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,350
- Sep 5, 2023 9:28am Sep 5, 2023 9:28am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote}Looks like a head and shoulders on daily to me. {image}
good trade and green pips to you. Remember the use of TDI I shared with you in PM a few months ago, this is one way to identify reversals. BigE mentioned about this in one post about TDI. I still use it sometimes. Very few have used this concept so better keep it to ourselves.
Oscillator indicators generally have this property but TDI is easiest to analyse and in line with other TMS elements.
Keep on the good work.
- #142,352
- Sep 5, 2023 3:14pm Sep 5, 2023 3:14pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,933 Posts
{quote}When you took that trade the tdi was still under the 32 that tells me (courtesy of likica) that its still too bearish to go up.
>> you do not need any TDI for timing
More so with the last part of that sentence
>> the candle time is all you need
Every candle has a start time/end time------
"TDI was under the 32"
No it was not
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still too bearish to go up >>> You follow BigE's advice that trade on H1 timeframe is already in profit.
Post#121 .... You took the trade close to the TDI 32 line which is about the bottom. However I've seen trades taken short on the 32 line go 100 pips profit... Just be aware how close you are to the 68 & 32 line and pay close attention
Post#6....
We Enter a trade when green crosses red on the TDI at the beginning of that candle >>> Nice big black arrow.
Post#647
How does the momentum look right now (12-2, 4-6) >> Above 1
Does Stoch's confirm the TDI signal
- #142,353
- Sep 5, 2023 4:00pm Sep 5, 2023 4:00pm
- Joined Nov 2008 | Status: Trader | 50,336 Posts
{quote} Keep it simple Vincent. Same setup, Same rules. === When TDI give a signal > Refresh chart. > Did TDI green cross red (green bounce red) > TDI green angle above / below 2 / 4 > Is Stoch confirming TDI green direction > Candle 1 or 2 ===Use post#647 to confirm TDI signal {image}
and Big E' #2617 for higher success
and the money #142,343
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,354
- Sep 5, 2023 4:10pm Sep 5, 2023 4:10pm
- Joined Nov 2008 | Status: Trader | 50,336 Posts
{quote} For TMS Pro Advance Traders and post #2617 XAU Sep01 H1 New York 10am #647 Price action with Price Action Channel {image}
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,355
- Sep 5, 2023 4:22pm Sep 5, 2023 4:22pm
- Joined Nov 2008 | Status: Trader | 50,336 Posts
{quote} / you do not need any TDI for timing More so with the last part of that sentence >> the candle time is all you need
WRONG AGAIN!
Every candle has these 4 times - the Open time, High time, Low time and Close time.
In post #1, Big E mentioned he trade at these times his Pacific 10PM, 2AM and 6AM his 4hr candle time.... the broker sever time is 0800, 1200, 1600 ...
Note the HA candle has the same 4 times .... but you need to read the candles and see the big candles and small candles and their relation to the OHLC.
Hint: Bar Chart foreground HA background.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,356
- Sep 5, 2023 6:10pm Sep 5, 2023 6:10pm
- Joined Nov 2008 | Status: Trader | 50,336 Posts
The next five(5) trading days ...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,357
- Sep 5, 2023 6:17pm Sep 5, 2023 6:17pm
- Joined Nov 2008 | Status: Trader | 50,336 Posts
GBPAUD Sep06 TMS-II and 'TMS_PlanIX'
- post#647 analysis ... big candle, small candle, smaller candles .... CONSOLIDATION
- Master Candle[3] ... Triple Inside Bars ... also a nr4IB
- possible potential +5R to +9R trade profits ...IF you know how to trade nr4IB
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- post#647 analysis ... big candle, small candle, smaller candles .... CONSOLIDATION
- Master Candle[3] ... Triple Inside Bars ... also a nr4IB
- possible potential +5R to +9R trade profits ...IF you know how to trade nr4IB
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,358
- Sep 5, 2023 6:39pm Sep 5, 2023 6:39pm
- Joined Nov 2008 | Status: Trader | 50,336 Posts
///l Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it... If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X.
Three Powerful FOREX Price Patterns you can trade with Big E' 5-Method.
Learn just a few basic price action and apply them with Post#647, no need to guess what are big and small candles, be SMART
and be specific with what is big candle and what is small candle ...Three Powerful FOREX Price Patterns >>>click to { download }
https://www.forexfactory.com/thread/...0#post14233420
These three Forex Price Action will always show price MOMENTUM condition for entry.
https://www.forexfactory.com/thread/...6#post14207286
Lots of posts examples here ... just use the forum search keyword " Powerful Forex " for#2617 "higher success"
IT's your LEARNING JOURNEY...
Example:
EurAud H4 BUEOB candle
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,359
- Sep 5, 2023 7:07pm Sep 5, 2023 7:07pm
- Joined Nov 2008 | Status: Trader | 50,336 Posts
Big E : "YOU GOT TO LEARN TO READ YOUR CANDLES..." all time when trading. ... not just for entries but for exits too.
#2776
Example of reading your candles and apply the basic forex stuff ... and interpret the candles one-at-a-time and determine the setup for entry ...
EURAUD Sep06 Tokyo session
> no need for TDI #2617
> look for the setup candle with MOMENTUM
> use your MM strategy
...
#2776
Example of reading your candles and apply the basic forex stuff ... and interpret the candles one-at-a-time and determine the setup for entry ...
EURAUD Sep06 Tokyo session
> no need for TDI #2617
> look for the setup candle with MOMENTUM
> use your MM strategy
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,360
- Sep 5, 2023 7:14pm Sep 5, 2023 7:14pm
- Joined Nov 2008 | Status: Trader | 50,336 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett