Market returned to somewhat normality today 
... AUDNZD slow but faithful lol
... AUDNZD slow but faithful lol
The more you learn, the more you see
Spoof's Trading Made Simple(r) Journal
I've noticed something on the one-hour charts with this method. There seems to be quite a few profitable opportunities even during this sideways market, as we would be trading within the consolidation of the larger time frames. There is also considerably more opportunities to trade which allows more opportunities to recover from losses. On this shorter time frame, though, I would suggest trading only during London and first four hours of New York to catch the momentum that occurs during this time period. I know this goes against your theory of higher...
Not to mention I don't like to be tied to my computer. I am not cut out to trade shorter time frames 
Emotion - it steals your money.
- #687
- Aug 21, 2019 10:30am Aug 21, 2019 10:30am
{quote} I'm only asking, so don't get upset or anything- Why are 6 EMAs better than 2 (the slowest and the fastest, say)? And why was this pair untradable (strong downward trend etc) on the H4-TF using TMS (this is SwingMan's setup by the way)? Did you find any answers to that? {image}
When the group starts to compress it is a signal the the strength of the trend may be faltering i.e. an early warning that things are changing.
Emotion - it steals your money.
- #689
- Edited 3:40pm Aug 21, 2019 2:06pm | Edited 3:40pm
End of day scan...nothing to trade. I am watching for a long trade setting up on EURAUD and short trades on GBPUSD and GBPCAD (charts in the next two posts below). I am currently short on the EURUSD from a trade from last week that managed to not get stopped out. Today's bearish move will hopefully continue for the rest of the week..not out of the woods yet 
. I am now managing this trade on the daily charts. I originally moved the stop to 50% but moved it back to the original location in order to transition this trade onto the dailies. So far, that was a good decision because today's price has come back down in the direction of the trend. Had I left it at 50% I would have been stopped out.
On a side note, take a look at June and July. I would not have traded EURUSD during either of those choppy months - no trend present therefor no trades. The black notes are showing my new criteria for a trade (obviously I didn't take that one as I was still trading the latest methods). The EMAs are nicely aligned and separated, price pulled back and the entry signal happened when price finished the pullback and resumed the trend direction.
. I am now managing this trade on the daily charts. I originally moved the stop to 50% but moved it back to the original location in order to transition this trade onto the dailies. So far, that was a good decision because today's price has come back down in the direction of the trend. Had I left it at 50% I would have been stopped out.On a side note, take a look at June and July. I would not have traded EURUSD during either of those choppy months - no trend present therefor no trades. The black notes are showing my new criteria for a trade (obviously I didn't take that one as I was still trading the latest methods). The EMAs are nicely aligned and separated, price pulled back and the entry signal happened when price finished the pullback and resumed the trend direction.
Emotion - it steals your money.
MAJOR UPDATE So, as I have alluded to over the last week and shown with a few recent posts I have started to shift back towards the daily trend trading I was doing before I stumbled upon RH's methodologies. I traded them successfully in July but August is turning out to be a disaster. Now, there are all sorts of ways to probably fix that but it would entail adding a bunch of factors into the methodologies which would no longer be keeping things as simple as possible. I will be putting out a video shortly to discuss what I am doing now and why as...
- #694
- Aug 21, 2019 4:49pm Aug 21, 2019 4:49pm
- Joined Aug 2010 | Status: EsikeTrader | 2,227 Posts
Time always comes before price
{quote} I agree TS - my Demo trial has also been pretty disastrous. The H4 provides a lot of signals but the market is too unsettled in past month. I like the idea of the Daily using the SAR as signal & the MA Cloud / Ribbon as trend confirmation. As a matter of interest - how did the SAR signals relate to the TMSS Oscillator on this chart you have shown? Thx for your input
Emotion - it steals your money.
{quote} I am wholeheartedly with you on this update........ Do you intend taking your trade off the daily now....... Can't wait to be part of the update..........look forward to your template and indicators. Happy Trading, Yomi.
Emotion - it steals your money.
- #697
- Aug 21, 2019 5:14pm Aug 21, 2019 5:14pm
- Joined Aug 2010 | Status: EsikeTrader | 2,227 Posts
Time always comes before price
- #699
- Aug 21, 2019 5:18pm Aug 21, 2019 5:18pm
- Joined Aug 2010 | Status: EsikeTrader | 2,227 Posts
{quote} Yes. I intend on trading the dailies. I’ll talk about them in an upcoming video
Time always comes before price
