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  • #87,941
  • Jun 29, 2018 11:07am Jun 29, 2018 11:07am
Quoting emmanuel7788
{quote} GBPUSD Week 26 Jun 29 D1 support see chart below. like I said, it is month end and we are shadow trading. and in the coming weeks, it can hit 1.3025 and lower 1.2950. my trade plan is to sell the rallies in this downtrend. {image}
Hi Emmanuel- Could you shed some light on support/resistance areas.I feel most trades have a Support and Resistance area so what would classify as a strong S/R level to stay away from?

Attached is a trade im in LONG, no massive resistance to the left? Just want to make sure im looking at the same things you guys would in trades.

Kind regards,
Roni
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 28 KB
  • #87,942
  • Jun 29, 2018 7:39pm Jun 29, 2018 7:39pm
Quoting Roni26
{quote} Hi Emmanuel- Could you shed some light on support/resistance areas.I feel most trades have a Support and Resistance area so what would classify as a strong S/R level to stay away from? Attached is a trade im in LONG, no massive resistance to the left? Just want to make sure im looking at the same things you guys would in trades. Kind regards, Roni {image}

I don't see any trade entry on your chart except that down arrow.

What is your definition of 'massive resistance'?

At the open of the Week, you already have 4 natural support and resistance - the previous Week's OHLC.
At the open of the Week, you already determine the market type in which you want to trade.
As each day progresses, you observe the swing highs and swing lows in your trading chart and these are most recent support and resistance.

On you chart you see these swing highs and swing lows to the left of your chart.

You have the 200EMA on your chart, if you have purpose to use it then use it consistently. Otherwise discard it.
Note that every moving average will eventually catch up with the price. Price do not move to the moving average.

Now zoom out more on that same chart to see what the previous Week's bars/candles and the OHLC, and note how your H1 reacted to those 4 levels.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,943
  • Jun 29, 2018 8:36pm Jun 29, 2018 8:36pm
Quoting emmanuel7788
{quote} I don't see any trade entry on your chart except that down arrow. What is your definition of 'massive resistance'? At the open of the Week, you already have 4 natural support and resistance - the previous Week's OHLC. At the open of the Week, you already determine the market type in which you want to trade. As each day progresses, you observe the swing highs and swing lows in your trading chart and these are most recent support and resistance. On you chart you see these swing highs and swing lows to the left of your chart. You have the 200EMA...

The down arrow is where I went Long- as per the PAC channel rules of previous bar closing outside.

Im not sure if you would do the same sort of analysis at the end of a week if you are trading the 1hour time frame like i do.
I understand you should look to the left for S/R leves but then you spotted a key level on the Daily chart for one of my GBPUSD short's i did that was shorting directly into support. So even on the H1 chart should you look at S/R levels on h4 and D1 timeframes too?
  • #87,944
  • Jun 30, 2018 3:03am Jun 30, 2018 3:03am
Quoting emmanuel7788
{quote} I don't see any trade entry on your chart except that down arrow. What is your definition of 'massive resistance'? At the open of the Week, you already have 4 natural support and resistance - the previous Week's OHLC. At the open of the Week, you already determine the market type in which you want to trade. As each day progresses, you observe the swing highs and swing lows in your trading chart and these are most recent support and resistance. On you chart you see these swing highs and swing lows to the left of your chart. You have the 200EMA...
hi mister emmanuel
you miss my post? https://www.forexfactory.com/showthr...0#post11214400
please not ignore question because Im always detect bias wrong, Im sell its go up and Im buy its go down everytime
its most important for trader know bias
please help
  • #87,945
  • Jun 30, 2018 5:21am Jun 30, 2018 5:21am
Quoting emmanuel7788
{quote} You gambled with that one and you lost. Simple as that. With the market condition seen, the probability of that trade setup is very low. Of all the 7 JPY pairs, only USDJPY was clear when Sydney open today.


he's honestly better off avoiding trading at that time altogether imo and just sticking with London

personally i find that trades even with the right price action tend to fail a lot around those times
  • #87,946
  • Jun 30, 2018 5:30am Jun 30, 2018 5:30am
i have one pivot indicator , i want some small appearence changes to be done.. can anybody help
  • #87,947
  • Jun 30, 2018 6:19am Jun 30, 2018 6:19am
Quoting kain775
{quote} he's honestly better off avoiding trading at that time altogether imo and just sticking with London personally i find that trades even with the right price action tend to fail a lot around those times
yes, the TIMING was not ideal.

for those who are full-time traders and must trade during those hours,

usually after London session closed the market liquidity is low therefore it is better to trade M15 and take trades with small TP.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,948
  • Jun 30, 2018 6:36am Jun 30, 2018 6:36am
Quoting ph2lsl
{quote} hi mister emmanuel you miss my post? https://www.forexfactory.com/showthr...0#post11214400 please not ignore question because Im always detect bias wrong, Im sell its go up and Im buy its go down everytime its most important for trader know bias please help

Hi,

sorry, I did not have time to reply you. Too many world cup games to watch and catching with lost sleep, and also helping other active traders in their own groups.

I don't think your problem is with picking the bias to trade. Most traders have problem to understand Post#647 and apply Post#647 consistently when they are trading.

Below is the EURJPY H4 chart (May to Jun 2018) screen capture in actual market using the TDI in Post#25 (the one which repaints when chart refreshed). The chart below shows the TDI as it was in actual market situation before refreshing the chart.

Do you know what Big E meant when he said his entry is aggressive(without using the 5EMA)? Can you point out in the chart below which are the aggressive entry?

What about the conservative entry? Same exercise, point out which are conservative entry using the 5EMA)

Next practice exercise,

Where are the conservative exits?

Where are the aggressive exits?

Important that you know these differences - aggressive entry , conservative exit, conservative entry and aggressive exit.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY H4 actual TDI May to Jun 2018.png Size: 65 KB


You should only start trading with H4 and not H1 and M15. Master trading H4 and when you achieve consistency, then try trade the lower timeframe H1 and also the higher timeframe D1.

It is very hard work and takes a few years. Give yourself time like 2 to 3 years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,949
  • Jun 30, 2018 7:06am Jun 30, 2018 7:06am
Quoting kain775
{quote} I've honestly never found that big E chart useful at all, whilst i can see some legit trades in there ...it honestly looks like he's gone and looked over a chart in hindsight and blindly marked up every TDI cross he could find i've never seen a trader mark so many tdi crosses on a single chart and come out profitable. The closest to that I have seen is some of likica's charts, ...but then again her entries are more credible as you can see that the trades were actually taken and not marked in hindsight... if that chart is actually a legit...

Hi kain,

first, there was a group of us who spend time back in 2011 to 2013 and reviewed all pf Big E's posts in FF.

the issue many of us had when we did detail study of all his posts and especially those post where he had charts attached is that we found most if not all his charts were refreshed charts and if he had used the TDI in Post#25, then those TDI crosses were actually repainted and not the same as in actual live market condition.
This led us to conclude that we only trade with the TDI_RT version and develop our system rules using this TDI RT version and we will conform to all his training charts posted.

Below is what the actual TDI would show in actual market condition between March and April 2011.

You can compare what his training chart post#117 is and what the actual one below.

I think Big E was right when he traded with his TDI version from before 2007. That is the one in Post#25. Note -Big E was a subscriber to CompassFX and he get the updates. But after 2008, the version downloaded was the new TDI RT version which do not repaint they way the older version did.

Note that in the TDI Post#25 version, the slope/angle of the TDI Green is significant for his aggressive trade entry using APB#1 and #2.

Both version work the way it was coded. Therefore I believe Big E was right back then with his TDI entries for reversals and also the TDI bounce entries.
With the newer TDI_RT version, there a fewer TDI bounce entries. This is reason whey we decided to change the TDI setting to follow the later version Synergy TDI Pro with a shorter RSI period and to use the Typical Price instead of the Close Price.

There was also a Fast TDI version before the Synergy TDI Pro release. This was discussed in another forum back in 2010 not here in FF.


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 chart Post 117.png Size: 128 KB



Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 chart Mar to Apr 2011.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,950
  • Jun 30, 2018 7:26am Jun 30, 2018 7:26am
Quoting Roni26
{quote} The down arrow is where I went Long- as per the PAC channel rules of previous bar closing outside. Im not sure if you would do the same sort of analysis at the end of a week if you are trading the 1hour time frame like i do. I understand you should look to the left for S/R leves but then you spotted a key level on the Daily chart for one of my GBPUSD short's i did that was shorting directly into support. So even on the H1 chart should you look at S/R levels on h4 and D1 timeframes too?
To start off with the Yellow entry:
- is already one bar late.
- Green is going flat
- Close to level 68
- Stoch is used for direction only. (Might use the additional information - Stoch is close to overbought)
- Wicks
-- 5 candles to the left have wicks both side - seller and buyer are not in agreeing about the direction of trend (consolidation, ranging market)
- Candle's
-- Same 5 candles are small. Again market has no momentum. Look like doji's which indicate indecision in the market
Can go more to the left but six reason's not to enter on that bar is enough already.
Attached Image

You asked: "So even on the H1 chart should you look at S/R levels on h4 and D1 timeframes too?"
Does it give any more information that the H1 chart does not have already?
Attached Image (click to enlarge)
Click to Enlarge Name: D1.PNG Size: 20 KB
  • #87,951
  • Jun 30, 2018 7:28am Jun 30, 2018 7:28am
Quoting emmanuel7788
{quote} I don't see any trade entry on your chart except that down arrow. What is your definition of 'massive resistance'? At the open of the Week, you already have 4 natural support and resistance - the previous Week's OHLC. At the open of the Week, you already determine the market type in which you want to trade. As each day progresses, you observe the swing highs and swing lows in your trading chart and these are most recent support and resistance. On you chart you see these swing highs and swing lows to the left of your chart. You have the 200EMA...
The down arrow is where I went Long- as per the PAC channel rules of previous bar closing outside.

Im not sure if you would do the same sort of analysis at the end of a week if you are trading the 1hour time frame like i do.

I understand you should look to the left for S/R leves but then you spotted a key level on the Daily chart for one of my GBPUSD short's i did that was shorting directly into support. So even on the H1 chart should you look at S/R levels on h4 and D1 timeframes too?

And going forward- do we take a trade based on the previous weeks OHLC or mark up S/R levels as we go along...?
  • #87,952
  • Jun 30, 2018 7:58am Jun 30, 2018 7:58am
Quoting Tekkies
{quote} To start off with the Yellow entry: - is already one bar late. - Green is going flat - Close to level 68 - Stoch is used for direction only. (Might use the additional information - Stoch is close to overbought) - Wicks -- 5 candles to the left have wicks both side - seller and buyer are not in agreeing about the direction of trend (consolidation, ranging market) - Candle's -- Same 5 candles are small. Again market has no momentum. Look like doji's which indicate indecision in the market Can go more to the left but six reason's not to enter...
- Yellow arrow is not late according to the 'conservative' entry rules whereby we wait for a candle to close outside the PAC channel to go long or short.

- I do take TP using the aggressive method where tdi crosses back over or candle changes colour- so again TDI going flat is not relevant.

- Close to level 68 but not past the level, ive seen price shoot way past and beyond the 68 at times.

Thanks for your input anyway
  • #87,953
  • Jun 30, 2018 8:00am Jun 30, 2018 8:00am
Quoting Roni26
{quote} The down arrow is where I went Long- as per the PAC channel rules of previous bar closing outside. Im not sure if you would do the same sort of analysis at the end of a week if you are trading the 1hour time frame like i do. I understand you should look to the left for S/R leves but then you spotted a key level on the Daily chart for one of my GBPUSD short's i did that was shorting directly into support. So even on the H1 chart should you look at S/R levels on h4 and D1 timeframes too? And going forward- do we take a trade based on the previous...

Hi Roni,

If you use the PAC, then you can have that on your chart like Big E did in his early days but have them in dot lines.

example below.
you can sum up all the comments by other members and see what you learn of of these.
one other thing not mentioned so far is the ADR at the time when London close. It already exceeded it ADR of about 90 pips. This where the ISM_ADR Marker is useful.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 Jun 29 Roni29.png Size: 49 KB


I do only one top down analysis for every air I trade so I see all the support and resistance in all timeframes. The key support and resistance from the MN, W1 and D1 has the same impact on lower timeframes as I shown you the GBPUSD example because it is near the Week and MN end closing this week.

The Weekly OHLC are also support and resistance in lower timeframes but use them to look at CONFLUENCE with previous price action (swing high/swing low) on the trading chart timeframe and also look at the price round numbers.

Below 20:20 POMO with previous Week 25 Weekly OHLC in week 26,

charts looks terribly messy with so many stuff but that is only for study and review.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 26 H1 POMO w W OHLC bkgrd.png Size: 111 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,954
  • Jun 30, 2018 8:03am Jun 30, 2018 8:03am
Quoting emmanuel7788
{quote} Hi, sorry, I did not have time to reply you. Too many world cup games to watch and catching with lost sleep, and also helping other active traders in their own groups. I don't think your problem is with picking the bias to trade. Most traders have problem to understand Post#647 and apply Post#647 consistently when they are trading. Below is the EURJPY H4 chart (May to Jun 2018) screen capture in actual market using the TDI in Post#25 (the one which repaints when chart refreshed). The chart below shows the TDI as it was in actual market situation...
agresive entry its when not need heicken ashi candel cross 5 ema. its just entry with second heicken ashi candel and tdi cross good slope and stochastic similar direction like tdi
conservativ exit its when heicken ashi candel start new color
Im point conservativ entrys and agresive exits in chart ej at h4
red its enter. yelow its exit. aqua lightblue its close previos order and enter oposite direction
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 55 KB
  • #87,955
  • Jun 30, 2018 8:21am Jun 30, 2018 8:21am
Quoting Roni26
{quote} - Yellow arrow is not late according to the 'conservative' entry rules whereby we wait for a candle to close outside the PAC channel to go long or short. - I do take TP using the aggressive method where tdi crosses back over or candle changes colour- so again TDI going flat is not relevant. - Close to level 68 but not past the level, ive seen price shoot way past and beyond the 68 at times. Thanks for your input anyway
Roni
"PAC, conservative entry rules, wait for candle to close outside the PAC channel" was and is not part of any post published by BigE. If you want to use TMS that way good for you. Maybe later you will understand way BigE posted this:Post 1,718

"TDI going flat and level 68"
True and also ignoring them can cost you some pips as-well.
  • #87,956
  • Jun 30, 2018 8:25am Jun 30, 2018 8:25am
Quoting Tekkies
{quote} Roni "PAC, conservative entry rules, wait for candle to close outside the PAC channel" was and is not part of any post published by BigE. If you want to use TMS that way good for you. Maybe later you will understand way BigE posted this:Post 1,718 "TDI going flat and level 68" True and also ignoring them can cost you some pips as-well.

Read Emmanuel's post above in regards to how Big E incorporated the PAC channel into his trading previously.
If you had been following him since the Synergy method and even prior to that you would have known this- and it works.

Again thanks for your opinion.
  • #87,957
  • Jun 30, 2018 8:44am Jun 30, 2018 8:44am
Quoting Roni26
{quote} Read Emmanuel's post above in regards to how Big E incorporated the PAC channel into his trading previously. If you had been following him since the Synergy method and even prior to that you would have known this- and it works. Again thanks for your opinion.

An example how he traded M15 in the good old days. We all can learn plenty from Big E when he was trading in 2008 and 2009. Take what works for you.

This post#149 in his old thread.

https://www.forexfactory.com/showthr...49#post3320949
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,958
  • Jun 30, 2018 8:47am Jun 30, 2018 8:47am
Quoting ph2lsl
{quote} agresive entry its when not need heicken ashi candel cross 5 ema. its just entry with second heicken ashi candel and tdi cross good slope and stochastic similar direction like tdi conservativ exit its when heicken ashi candel start new color Im point conservativ entrys and agresive exits in chart ej at h4 red its enter. yelow its exit. aqua lightblue its close previos order and enter oposite direction {image}

Thank you ph2lsl for the quick work. You showed me you want to work hard. I will hep you become a better trader.

I notice you use the TDI from Post#25, is this correct?

It would be easy to move forward from here on. Be patient.

I got to go now.... be back tomorrow London afternoon.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,959
  • Jun 30, 2018 8:54am Jun 30, 2018 8:54am
Quoting Roni26
{quote} Read Emmanuel's post above in regards to how Big E incorporated the PAC channel into his trading previously. If you had been following him since the Synergy method and even prior to that you would have known this- and it works. Again thanks for your opinion.
Roni.
I don't know or read Craig Harris Stochastics Method so if BigE incorporated PAC in that thread I would not know. Never seen any references by BigE using PAC in this thread.

Does it work? Would not know, never used PAC.

Since I stop listening or tried to use what other members advice, promoted that is not related to what BigE has posted in this thread, my trading has improved tremendously.

Again what work's for you might not work for me or a other member.
  • #87,960
  • Jun 30, 2018 9:18am Jun 30, 2018 9:18am
Quoting emmanuel7788
{quote} An example how he traded M15 in the good old days. We all can learn plenty from Big E when he was trading in 2008 and 2009. Take what works for you. This post#149 in his old thread. https://www.forexfactory.com/showthr...49#post3320949


do you realise that all the educational videos posted by Big E in that thread are now dead
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