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- #89,002
- Jul 31, 2018 12:29pm Jul 31, 2018 12:29pm
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
- #89,003
- Jul 31, 2018 1:37pm Jul 31, 2018 1:37pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #89,004
- Jul 31, 2018 2:05pm Jul 31, 2018 2:05pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
One picture is worth more than one thousand words:
Trading Made Simple is knowing WHEN and WHERE to trade by mastering the consistent use of price action trading with support/resistance.
Trading Made Simple is knowing WHEN and WHERE to trade by mastering the consistent use of price action trading with support/resistance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #89,005
- Jul 31, 2018 2:17pm Jul 31, 2018 2:17pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} USDCAD July 31 We are at the month end and tomorrow will be a new day and month but the week has not closed. Daily is Double Inside Bar at a key support ...1.3026 {image} After today's MN close, we will see the big opportunity to trade August till November. Can be our bonus before Christmas...so Let's Do It.
USDCAD Jul 31 Closed with breakout...
August MN open, keep selling until ... trade setup invalidation.
next target 1.2895
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #89,006
- Jul 31, 2018 3:32pm Jul 31, 2018 3:32pm
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
Thanks for the last UCAD chart emmanuel, helped me understand some things.
I have some general understanding questions about reading the EUR/USD D1 Chart
My first thoughts were like:
Okay, price on the daily is going in no clear direction at the moment!?
Okay, i can see a long bearish move for about 2 weeks.
And now:
Where the hell i would come to any clear trade idea on the last 5-7 TDI Signals here? When do i know the market breaks out reading a picture like that? Do i really want to trade 1-2 daily candles like this giving maybe 30-40 Pips (if entry would have been perfectly timed).
Probably the H4 is even a bigger mess (but i come to the H4 in just a second...)
So now thinking about daily chart trade possibilities. Waiting for what? This is the moment where i ask my self. If i take one of these TDI Crosses the market spits out here i would never find out if price maybe breaks out or not.
Now lets move on looking to the same thing but on H4 and even the M30
H4)
Now would you go short here on the last TDI signal? Because the daily candle is bullish and the condition overall looking at the daily is sideways.
M30)
I can see only one signal here and probably this one is not good at all.
So in summary, how do you want to become profitable like. Lets say you are newbie and want to follow just 1 chart (maybe you get 1 trade per day). And this is not even the daily. I speak about M30. Daily maybe 1 good A++ setup per week/month for that 1 market. Thats fine but you would need to have large money account to take the risk and still make "some" money. Lets say 100k+.
On the other hand if youīre trading with less capital lets say 5-10k. You would need to watch the M15-M30 here 8 hours each day to find enough trading signals + filter out a bunch of false setups probably just happened because someone bigger took some profits or was stopped.
I have some general understanding questions about reading the EUR/USD D1 Chart
My first thoughts were like:
Okay, price on the daily is going in no clear direction at the moment!?
Okay, i can see a long bearish move for about 2 weeks.
And now:
Where the hell i would come to any clear trade idea on the last 5-7 TDI Signals here? When do i know the market breaks out reading a picture like that? Do i really want to trade 1-2 daily candles like this giving maybe 30-40 Pips (if entry would have been perfectly timed).
Probably the H4 is even a bigger mess (but i come to the H4 in just a second...)
So now thinking about daily chart trade possibilities. Waiting for what? This is the moment where i ask my self. If i take one of these TDI Crosses the market spits out here i would never find out if price maybe breaks out or not.
Now lets move on looking to the same thing but on H4 and even the M30
H4)
Now would you go short here on the last TDI signal? Because the daily candle is bullish and the condition overall looking at the daily is sideways.
M30)
I can see only one signal here and probably this one is not good at all.
So in summary, how do you want to become profitable like. Lets say you are newbie and want to follow just 1 chart (maybe you get 1 trade per day). And this is not even the daily. I speak about M30. Daily maybe 1 good A++ setup per week/month for that 1 market. Thats fine but you would need to have large money account to take the risk and still make "some" money. Lets say 100k+.
On the other hand if youīre trading with less capital lets say 5-10k. You would need to watch the M15-M30 here 8 hours each day to find enough trading signals + filter out a bunch of false setups probably just happened because someone bigger took some profits or was stopped.
- #89,011
- Jul 31, 2018 11:09pm Jul 31, 2018 11:09pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Keep it simple.
Study all of BigE's post's. Understand the context of every post.
Study all of BigE's post's. Understand the context of every post.
- #89,012
- Jul 31, 2018 11:21pm Jul 31, 2018 11:21pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Now look at this. How do you ever want to make sure the TDI short cross (current) will not end like the 2 previous marked in red circles on the chart? {image}
You make sure by looking at the angle of green.
- Red circle green is flat
- Green circle green is below 4 (below 5?)
The angle is the master key to TMS. Not between 12/1 or 4/6 stop right there and walk away. Let TDI alarm call you when it finds a other crossover. Only when the angle is right you go further with Post#647, including his other post's
- #89,013
- Aug 1, 2018 12:41am Aug 1, 2018 12:41am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
TMS Monitor Aug 01 London Open
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #89,016
- Aug 1, 2018 4:20am Aug 1, 2018 4:20am
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
- #89,019
- Aug 1, 2018 4:57am Aug 1, 2018 4:57am
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
- #89,020
- Aug 1, 2018 5:33am Aug 1, 2018 5:33am
:
Many thanks for immediate response , I am aataching herewith Screen shot. There is print,
ND@ 2018:08:01 9:00
& See website for update Calibration Parameters.
What does i means?
Thanks again 
{quote} Hi arasheed, its okay, no problem, i will explain. Its already on that pdf explanation. PR = positive reversal = bullish hidden divergence NR = negative reversal = bearish hidden divergence PD = positive divergence = bullish regular divergence ND = negative divergence = bearish regular divergence {image}
ND@ 2018:08:01 9:00
& See website for update Calibration Parameters.
What does i means?
Thanks again