Disliked{quote} Hi bodal, starting today is Japan' Golden Week. This is an opportunity if an event like this would create a Lotto Model opportunity. I'm looking at UJ, AU and EJ... D1 chart long swing trades. so stay tuned! Edit: For those who still do not know what the Lotto Model is, go back to this post linked below and watch that video. https://www.forexfactory.com/showthr...8#post12185338Ignored
- #95,382
- Apr 28, 2019 6:14am Apr 28, 2019 6:14am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Euro Crosses.. EURAUD, EURCAD and EURNZD.
pick the best pair to trade Long Swing from Week 18 Apr 29 till Week 22 May 31 (3~5 weeks) ....
Do Not mistake when I say Long Swing, it is not Buy and Short Swing Trade is not Sell.
Long Swing trades can last several weeks... from 3 to 5 weeks.
If you have done your MN Big Picture, you will pick the one best pair from the 3 pairs above.
pick the best pair to trade Long Swing from Week 18 Apr 29 till Week 22 May 31 (3~5 weeks) ....
Do Not mistake when I say Long Swing, it is not Buy and Short Swing Trade is not Sell.
Long Swing trades can last several weeks... from 3 to 5 weeks.
If you have done your MN Big Picture, you will pick the one best pair from the 3 pairs above.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #95,383
- Apr 28, 2019 6:24am Apr 28, 2019 6:24am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} DE30 Week 16 trades closed Apr 18. This week no major event so no lotto wins but consistent profits trading once every 4 hours and/or when I have the time to check my trading computer. Not bad weekly cash-flow income this week for short 4 days work-at-home. {image}
DE30 Week 17 trades closed Apr 23 to Apr 26.
Again there was no major event that would have created a lotto win last week. The Weekly trend continued so I trade the usual positions sizing and smaller lots.
Next week, still will follow the Weekly trend but all good things will come to an end therefore managing risk is important. I have 3 open positions with floating losses and will need to manage on Monday if I can close all at breakeven or cut loss not giving back too much of my April month profits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #95,384
- Apr 28, 2019 6:39am Apr 28, 2019 6:39am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
DE30 Week 18
If you plan to trade next week,
I would open new position when Monday market open.
using the HA candle, I know the average price bar open and I know the previous 2 weeks Low where I would place my initial Stop Loss which I will use that as my Risk 'R' to calculate my trade position size.
If you plan to trade next week,
I would open new position when Monday market open.
using the HA candle, I know the average price bar open and I know the previous 2 weeks Low where I would place my initial Stop Loss which I will use that as my Risk 'R' to calculate my trade position size.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #95,385
- Apr 28, 2019 6:59am Apr 28, 2019 6:59am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Off-topic:
Trading consistency is like the teams playing in the English Premier League football.
To stay in the top 5, you must have win, win, win, win, win, win, ... and fewer losses and draws.
Every month, I work hard to have more wins (baskets) and fewer losing baskets and to stay in the top 5%.
Today one of my favourite team Gunners lost and it has been their problem to maintain consistency every season.
Trading consistency is like the teams playing in the English Premier League football.
To stay in the top 5, you must have win, win, win, win, win, win, ... and fewer losses and draws.
Every month, I work hard to have more wins (baskets) and fewer losing baskets and to stay in the top 5%.
Today one of my favourite team Gunners lost and it has been their problem to maintain consistency every season.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #95,387
- Apr 28, 2019 2:36pm Apr 28, 2019 2:36pm
Hey everyone hope everyone is ready for this new week! I began trading live and I can’t say how fortunate I am to have come across this thread. This system is AMAZING. With experience come to realize less is more. You also can not expect to trade live without demoing first and getting a FEEL for the market with this system and following the rules. Sure you will have some losers but nothing compared to the profit gained. I began trading the DAILY and it works for me zero stress level and easy pip gains I can’t even begin to say how crazy it is to gain 1k pips in a matter of 2 days ... I know love forex and this system. Just food for thought and hope success to everyone let’s continue to crush these markets! 
- #95,388
- Apr 28, 2019 5:31pm Apr 28, 2019 5:31pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
This week is when we have a new Month open mid-week with several countries having their holidays.
We should see some good action when NY opens on Wednesday May 01 right up to NPF on Friday May 03.
We should see some good action when NY opens on Wednesday May 01 right up to NPF on Friday May 03.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #95,389
- Apr 28, 2019 5:43pm Apr 28, 2019 5:43pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #95,391
- Apr 29, 2019 1:18am Apr 29, 2019 1:18am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
DE30 Week 18 If you plan to trade next week, I would open new position when Monday market open. using the HA candle, I know the average price bar open and I know the previous 2 weeks Low where I would place my initial Stop Loss which I will use that as my Risk 'R' to calculate my trade position size. {image} {image}
DE30 Apr 29 London Open
London Open candle provided the setup ... one of my top 5 favourites Engulfing Bar and Outside Bar,
in this case, it is Bullish Engulfing Bar BUEB / Bullish Outside Bar BUOB combination.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #95,394
- Apr 29, 2019 4:12pm Apr 29, 2019 4:12pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #95,395
- Apr 29, 2019 4:15pm Apr 29, 2019 4:15pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #95,396
- Apr 29, 2019 4:21pm Apr 29, 2019 4:21pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} DE30 Apr 29 London Open London Open candle provided the setup ... one of my top 5 favourites Engulfing Bar and Outside Bar, in this case, it is Bullish Engulfing Bar BUEB / Bullish Outside Bar BUOB combination. {image}
we were set up by the market....when we were looking for setups to trade.
did anyone got caught in there?
Edit: recall my post above:https://www.forexfactory.com/showthr...5#post12243055
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #95,398
- Edited 11:31pm Apr 29, 2019 11:16pm | Edited 11:31pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Hi Guys! What to do with such situations? I think I did everything theoreticly correct. I mean I enter on 2 candle after TDI cross, stoch was ok. but price go down Best regards jpack {image}
Not part of TMS: When Stoch cross over, almost alwys confirm that trend direction is going to change. You just do not know for how many bars.
Look again:
(Make use of MT4 V-Line)
- #95,399
- Apr 30, 2019 12:55am Apr 30, 2019 12:55am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #95,400
- Apr 30, 2019 1:02am Apr 30, 2019 1:02am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} No stoch was not OK Not part of TMS: When Stoch cross over, almost alwys confirm that trend direction is going to change. You just do not know for how many bars. Look again: (Make use of MT4 V-Line) {image}
Look again, this time more closely,
when the first blue HA candle closed, both the Stoch and TDI price line show the cross UP.
that first blue HA candle is the reversal candle and a better buy entry would have been the second blue candle. His entry was at the high of the second HA blue candle.
note: a reversal candle will must have both Stoch and TDI same signal.... Post#261.
Big E use the TDI to trade price action reversal with momentum, he also knew the CHS reversal candles with Stochastics which he mentioned in Post#261.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett