Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #88,362
- Jul 12, 2018 4:00am Jul 12, 2018 4:00am
{quote} now you know why 95% of traders here lose their money. they did not want to learn the RSI. you will go far as a trader when you continue learn more and more.
Once again, EURJPY in uptrend:
1. 80-40 range.
2. Simple bearish divergence.
3. MDRP Up with medium strength signal.
4. BOOM!! over 140 pips.
LOL, this is real? Its looks easy like this everytime?
For now im on page 81 of that book.
- #88,363
- Jul 12, 2018 4:10am Jul 12, 2018 4:10am
{quote} now you know why 95% of traders here lose their money. they did not want to learn the RSI. you will go far as a trader when you continue learn more and more.
- #88,364
- Jul 12, 2018 4:23am Jul 12, 2018 4:23am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #88,365
- Jul 12, 2018 4:25am Jul 12, 2018 4:25am
{quote} not so simple... at this time. you already missed the April and June drop into empty space on Daily. now in July and caution with half-year GDP and also corporate results... first look at monthly where the swing levels were before. weekly, AU was sideways for past 3 weeks but with no MN support, D1 longer term traders can sell as it can drop lower to 7300 and 7200. very short term traders can still buy on H4 weekly when there are setups.
.Kind Regards,
DJ.
- #88,366
- Jul 12, 2018 4:30am Jul 12, 2018 4:30am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} Wow, book again, yummyy, thanks for the book Emm
Big E was a smart man. He simply develop his trading system from others, picking bot and pieces from others.
He was blind and due to his poor health, he did not went further than what he already knew in 2010.
But we have the book of knowledge about the RSI and we can further develop our own trading system based the 5-Method what Big E had developed and tested for 2- 3 years. His 5-Method is a very simple technical trading methodology and when we trade it following price action and the proper use of support and resistance, we can do better. The checklist in Post#647 is important and we must not ignore that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #88,367
- Jul 12, 2018 4:40am Jul 12, 2018 4:40am
{quote} Big E was a smart man. He simply develop his trading system from others, picking bot and pieces from others. He was blind and due to his poor health, he did not went further than what he already knew in 2010. But we have the book of knowledge about the RSI and we can further develop our own trading system based the 5-Method what Big E had developed and tested for 2- 3 years. His 5-Method is a very simple technical trading methodology and when we trade it following price action and the proper use of support and resistance, we can do better....
.
- #88,369
- Jul 12, 2018 6:30am Jul 12, 2018 6:30am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Reading all the UK news, it does not look to get any better so soon. One more surprise can send GU lower to close July Mn candle bearish. Looking to more sells below 1.3205. {image} H4 looks like a 'dead cat' bounce off 1.3200. W1 TDI still have room to be oversold but using the TDI on Weekly is useless as one week swing can be between 220 pips to 250 pips. And you can make 5 times that amount of pips in one swing. {image}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #88,370
- Jul 12, 2018 6:36am Jul 12, 2018 6:36am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Took a while to get going.
Now only have to waite for M15 to send alert. Adhere to what BigE's posted.
Understand each and every post by BigE (all 486 post's) in this tread.
Look at:
- H1 green angle, M15 green angle
- size of candle
- length of wick, top or bottom
- level of crossover
- direction of stoch
- space between red and green
- support / resistance
Now only have to waite for M15 to send alert. Adhere to what BigE's posted.
Understand each and every post by BigE (all 486 post's) in this tread.
Look at:
- H1 green angle, M15 green angle
- size of candle
- length of wick, top or bottom
- level of crossover
- direction of stoch
- space between red and green
- support / resistance
- #88,373
- Jul 12, 2018 9:46am Jul 12, 2018 9:46am
Hey guys,
2 am in NZ and can't sleep, so a quick scan on the simplest TMS template I have, and this is what I came up with:
Simple scalp.
Feedback always welcome.
Cheers
Back to
2 am in NZ and can't sleep, so a quick scan on the simplest TMS template I have, and this is what I came up with:
Simple scalp.
Feedback always welcome.
Cheers
Back to
Real knowledge is to know the extent of one's ignorance.
- #88,376
- Edited 1:00pm Jul 12, 2018 11:06am | Edited 1:00pm
Hey guys, 2 am in NZ and can't sleep, so a quick scan on the simplest TMS template I have, and this is what I came up with: {image} Simple scalp. Feedback always welcome. Cheers Back to
In my view, your entry base on bearish regular divergence.
Bearish regular divergence only occured in uptrend.
So, your entry is counter trend, is too risky.
In uptrend, multiple regular divergence may occure.
In other words, if you are in uptrend, why look for sell?
Regular divergence in TMS better used as scalping major trend.
JH: Going short when a bearish divergence makes its appearance is
a certain way to make small profits and generate large losses!
For divergence, read this book.
https://www.forexfactory.com/attachm...9&d=1383212463
- #88,377
- Jul 12, 2018 11:07am Jul 12, 2018 11:07am
this is crazy, just yesterday I found this thread, didn't start with demo but with 0.01 lots, opened 10 positions on 4H charts and all are in green, some 50 pips plus, I hope this is not just beginner luck but seems to work really well, thanx to all who created it!!!
Chart please, i want to study your entry.
Kind Regards,
DJ.
- #88,378
- Jul 12, 2018 1:21pm Jul 12, 2018 1:21pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Hey guys, 2 am in NZ and can't sleep, so a quick scan on the simplest TMS template I have, and this is what I came up with: {image} Simple scalp. Feedback always welcome. Cheers Back to
------------
- green angle below 5 (strong momentum)
- Moving away from level 68
- Candle's red big (lot of seller's), small to big
- blue wick's show seller's coming in strong
- green wick's small at bottom show buyers did not like the direction of trend, Seller's were to strong
- Just just below small support
- (stoch would have confirmed direction)
- #88,380
- Jul 12, 2018 2:04pm Jul 12, 2018 2:04pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Hey guys, 2 am in NZ and can't sleep, so a quick scan on the simplest TMS template I have, and this is what I came up with: {image} Simple scalp. Feedback always welcome. Cheers Back to
weak JPY today and you pick the weaker CHF...
and all other JPY pairs continue to rally
only mistake you made was "can't sleep" should not be trading because it is not your usual trading business hour.
today hit ADR ...
for all day traders
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett