My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

closed out do to the rejection at the 61 lvl +120 pips

Very good Whitecoat...well, here is my new set-up. I took a short using NU off 61R heading south before the AUD Red news:

Also, I took a short trade on UJ as Davit suggested there was room o go south on the Weekly as per a member:

It appears Bearish Trend on NU still. From D1 to M15:

I went with new short on NU as even if there is a gap up or down over the weekend, eventually I believe I will hit my TP of 0.01 Pip x 3 lots as the overall trend is still bearish:



Let's see what happens this Sunday 5 pm EST.

Have a nice weekend !
-John

Predictive Reversal signals with IB-PB and PBs PA setups on D1 TF respecting 61R-100R key levels and TDI cross-angle:

Wow, DrFX, that is a lot of stuff to keep track of! I am just not that smart. How do you manage conflicting information? That has always been a problem for me when I would go heavy on indicators.

Hi jmn5611,

I try to basically look for 3 or more things that are consistent with or support each other, or showing a confluence.

For example:

1. S/R or Pivot Levels on the extremes of the ADR at higher TFs H4, D1 and WK
2. Crossing of TDI which is basically SMA 2 day and 7 day crossing with a 12-2 pm angle for Bullish and 4 to 6 pm angle for Bearish direction-strength signals.
3. A Price Action Set-up with peak and trough Pin Bars especially after a period of consolidation-accumulation

Lastly, trade only a fraction of your total capital and not worry about loosing with trading small trades and wide SL or no SL to avoid the stop outs with the expected spikes or RT before the PBs.

And, most importantly, keep another source of income to further take away the fear factor that can muddy your decisions for multiple tiny 0.01 Pip lots x 1 to 3 lots, entries or exits.

Then, I may even go down to the very low TFs to scalp on M1, M5 and M15 a few minutes or longer after news and/or opening or closing of sessions, to avoid the spikes and/or widening spreads by the MMs to wipe you out. Also, I only trade in the potential direction suggested by the signals from the upper TFs, using a large affordable SL, so even if I am wrong, eventually the PA will come to my TP.

I have been influenced by FF authors or FF Thread Starters TAH, Cigarguy, Davit and Nial Fuller - also, the references from these experts to others like Mark Douglas and more recently Michael Storm - the last three experts have free youtube video-lessons. The rest of my decision-making comes with experience, hard-work, patience and intuition.

And, besides good money management and healthy diet, it is more important to use good time management for work, family, play and restful sleep !

I hope that helps you and others.

- John

I LIKE YOUR EXPLANATION AND TRADING STYLE .i am also level /key area trader which i called ptz(potential trading zone)indicators are just confluence/confirmation nothing elese!

TY Classy. I also like your charts showing harmonics which many experts use. I did download your harmonic indicators to see how they may enhance my trading style. Who knows? But, I will need to start with a clean chart and compare them with my chart(s).

Thanks again my brother