Big candle.
Almost end of market.
Pass.
1
- #87,842
- Jun 22, 2018 6:19pm Jun 22, 2018 6:19pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
What you guys think about this buy setup? {image}
you must not trust the TDI when you see 'big candles' ... too much movements.
now after 2 H4 peiods later, you can check your charts again and see what happen to the TDI. Note the HA candles too, the body and wicks are both important when we pick the setups. Wicks at both end is warning of potential phase change.
remember what I said about trading single shot is like snipers, they wait for the target to stop moving or have the least movement and take just one shot to kill.
Snipers themselves are also easy targets because they do not move when taking aim.
what you can do is scalp in lower timeframes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,843
- Jun 22, 2018 6:19pm Jun 22, 2018 6:19pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} Friday. Big candle. Almost end of market. Pass.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,844
- Jun 23, 2018 2:37am Jun 23, 2018 2:37am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
What you guys think about this buy setup? {image}
Weekend time for some chart study using Japanese Candlestick which we can use when trading TMS 5-Method.
Note how the TDI Green line (Close Price) responds to the Harami (Inside Bar) and the Engulfing Bar/Candlestick.
Read Steve Nison's - Profiting in Forex pdf click to download.
The USDCAD charts below, not the Harami (Inside Bar) after that CAD news big candle, see how the TDI responded in H4 and also in H1.
Always remember that the default TDI Green line is a moving average of the RSI data using Close Price of the most recent 2 bars. A lower closing price will show the down slope of the TDI Green. This mean an Engulfing bar/candle which has strong momentum will show a good slope condition.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Trading single shot is like snipers, they wait for the target to stop moving or have the least movement and take just one shot to kill. Snipers themselves are also easy targets because they do not move when taking aim.
- #87,854
- Jun 25, 2018 1:08am Jun 25, 2018 1:08am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
GBPUSD.
H1 does show a small direction down. In very strong consolidation range. Looks like GBPUSD is waiting for something to happen.
H1 does show a small direction down. In very strong consolidation range. Looks like GBPUSD is waiting for something to happen.
- #87,855
- Jun 25, 2018 2:03am Jun 25, 2018 2:03am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Hi guys hope youve had a lovely weekend. Just got into the audjpy and eurjpy short- showing great momentum. Lets see how they turn out- screenshot below. {image}
Good morning!
Weekend was great with so many World Cup games to watch and o many goals scored. The Three Lions did fantastic...
What are you doing at 3am trading the Asian market open hours?
You are the early bird that caught a larger worm today.
Well done.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,856
- Jun 25, 2018 2:06am Jun 25, 2018 2:06am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
GBPUSD Week 26 Jun 25
D1 Pin Bar aka Shooting Star at 10EMA
Sell away for Day Open , away from 50 and 200EMAs.. simple as that.
Friday after London session closed is usually quiet and Asian morning session also quiet. Low liquidity that is what this pair usually is. Wait for London open look at liquidity flow...
D1 Pin Bar aka Shooting Star at 10EMA
Sell away for Day Open , away from 50 and 200EMAs.. simple as that.
Friday after London session closed is usually quiet and Asian morning session also quiet. Low liquidity that is what this pair usually is. Wait for London open look at liquidity flow...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,857
- Jun 25, 2018 6:44pm Jun 25, 2018 6:44pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
EURUSD Week 26 Jun 25 to Jun 29
euro rallies pushed the Euro crosses EURAUD, EURCAD and EURNZD higher. Buyers are all smiles for consecutive weeks.
Where is EURUSD heading to?
Now with reaction at BRN 1.1700, we see many small H1 bars/candles.
I see a few possibilities.
The Open and High of Week 24 1.1771 and 1.1851 being the resistance to the lower timeframe traders.
Fresh buys today at 1.1700 and SL at 1.1600, add-on as it moves higher is my idea.
On the Daily it wont reverse in just one day unless there is a major market event which we don;t see on economic calendars.
On H4, there is the 200EMA above which many weekly 4H swing traders will look at for reaction. That is another 50 pips more to go.
Good trading folks.
euro rallies pushed the Euro crosses EURAUD, EURCAD and EURNZD higher. Buyers are all smiles for consecutive weeks.
Where is EURUSD heading to?
Now with reaction at BRN 1.1700, we see many small H1 bars/candles.
I see a few possibilities.
The Open and High of Week 24 1.1771 and 1.1851 being the resistance to the lower timeframe traders.
Fresh buys today at 1.1700 and SL at 1.1600, add-on as it moves higher is my idea.
On the Daily it wont reverse in just one day unless there is a major market event which we don;t see on economic calendars.
On H4, there is the 200EMA above which many weekly 4H swing traders will look at for reaction. That is another 50 pips more to go.
Good trading folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,858
- Jun 25, 2018 7:04pm Jun 25, 2018 7:04pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Top of the weekend to you all ! Go to any 1 hr/4hr chart, just look at the TDI... now scroll back about 6-12 months. It looks like rolling waves all along the TDI. So why not get in at the top or bottom of the TDI.. You no that price always returns to it's previous levels. If you entered when green crossed the red ... and stayed in until it crossed again ... I believe you would make more pips than you think is possible ... {image}
This post above is the CONSERVATIVE entry and AGGRESSIVE exit. Works great on the D1 short swing trading. You only need to check your charts once a day.
CONSERVATIVE entry is when the price bar/HA candle closed across the 5EMA. Typical Price, Shit+3
AGGRESSIVE exit mean holding on to open positions until when the opposite conditions happens.
Between the entry and the exit, you can add-on using scale-in many trades according to your risk and money management.
Or you can use the CONSERVATIVE exit, i.e. when the HA candle closed with changed in colour.
Try it!
Edit.
chart example below:
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,859
- Jun 26, 2018 6:08am Jun 26, 2018 6:08am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Trade what you see.
- TDI cross over.
- Angle of green
- Long term short term trend
- S/R level
- Bar lenth
- Wick's
- TDI cross over.
- Angle of green
- Long term short term trend
- S/R level
- Bar lenth
- Wick's
- #87,860
- Jun 26, 2018 6:24am Jun 26, 2018 6:24am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
GBPUSD M15 ... a classic M15 London session type trade by LE1 using 10/50/200 EMAs
https://www.forexfactory.com/showthread.php?t=345586
https://www.forexfactory.com/showthread.php?t=345586
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett