Disliked{quote} He is trying to reduce losses jmn. Two losses to find out you are in a range is not the way to go. Looking at DE30 now. How do you find the signal on those two charts. Would state that BigE's post#647 is a good starting point for Sharpiemono to get that little edge how to read the chart for that "signal" to trade or not. Sharpiemono need to spend time, a lot of time only with #647 (with or without TDI) and S/R levels. Can tell him the why for not placing any sell trades which is easy now after four years. Like: - Don't like open trades over...Ignored
- #98,322
- Oct 15, 2019 12:15am Oct 15, 2019 12:15am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
This question goes out to all Trend Traders whether you are trading the TMS method or not. Hopefully I get an answer from somebody who has more experience and is a full time trader. With such trend trading strategies what can be done to reduce losses in choppy and consolidating markets. As we know systems like TMS in such periods would provide many false signals. Thanks.
are you Day Trading or Swing Trading or Position Trading?
https://www.forexfactory.com/showthread.php?t=24242
which trend do you trade?
if you are trading TMS then there are simple and effective ways to identify choppy and consolidating conditions in each of the trends above pic.
it is pointless to shout "don't trade" but you must first know and consistently be able to identify the market type conditions to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #98,324
- Oct 15, 2019 12:25am Oct 15, 2019 12:25am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #98,326
- Oct 15, 2019 3:16am Oct 15, 2019 3:16am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} 14th October, GBPAUD M30... If I was to daytrade this I would probably get caught up in the chop, how would you deal with it
Hi
before I go into reviewing Oct 14,
right now with London session in progress, we may have a breakout of the recent rally high at BRN 0.8700.
look at H4 and you will get the bigger picture.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #98,327
- Oct 15, 2019 3:28am Oct 15, 2019 3:28am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #98,328
- Oct 15, 2019 3:35am Oct 15, 2019 3:35am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} Very interested response Tekkies thanks very much, how successful are you yourself at avoiding choppy conditions and grabbing the smooth trends?
Yesterday DE30 was in a consolidation. Made three trades and they went nowhere. Stopped trading for the whole day.
If a trade does not move into profit within 15min get out.
-----
Sharpie to asking other traders how successful they are won't make you a successful trader or how we deal with "chop" won't help you much either. No two traders see the same chart the same way.
Posted: how to use M15H1, how to key word search BigE full.pdf, how to use Post#647
Read this thread https://www.forexfactory.com/showthr...1#post12560151 and decide what you really want to do.
- #98,330
- Oct 15, 2019 3:55am Oct 15, 2019 3:55am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #98,331
- Oct 15, 2019 4:30am Oct 15, 2019 4:30am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #98,332
- Oct 15, 2019 4:31am Oct 15, 2019 4:31am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
To free Gazans of Hamas, use whatever it takes.
- #98,334
- Oct 15, 2019 4:44am Oct 15, 2019 4:44am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} What's up Emmanuel? What happened to Post 92,950: it is simply waste of time reading your posts. Don't worry the reader's understand that you have this big overwhelming need / urge to replay to every post. Even when they are not addressed to you.
hey Tekkies
some people find it a waste of time.
some people find it good to read and learn EVERYTHING and they know that they do not need everything to make money.
the people reading can decide on their own and make their own decision.
I read ALL posts to learn and spot 'floating man' type of posts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #98,335
- Oct 15, 2019 4:49am Oct 15, 2019 4:49am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} With M15H1 I manage to avoid most consolidation. Yesterday DE30 was in a consolidation. Made three trades and they went nowhere. Stopped trading for the whole day. If a trade does not move into profit within 15min get out. {image} ----- Sharpie to asking other traders how successful they are won't make you a successful trader or how we deal with "chop" won't help you much either. No two traders see the same chart the same way. Posted: how to use M15H1, how to key word search BigE full.pdf, how to use Post#647 Read this thread https://www.forexfactory.com/showthr...1#post12560151...
hey Tekkies
I don't see any M15 TDI cross signal where you have your sell entry. Am I wrong or you did another type of entry not on M15.
H1 cross much later as I see you your H1 chart.
And my H4 the HA candles PA is above its 5EMA.
Are you trying to pick top and bottom again?
I also see you increase your trade lot size. It used to be 0.1 lot.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #98,336
- Oct 15, 2019 4:54am Oct 15, 2019 4:54am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
{quote} Maybe sometime later there will be a breakout above 0.8700, but for now, I see it overdue to drop. Tune in to M15...
Did you harvest any?
To free Gazans of Hamas, use whatever it takes.
- #98,337
- Oct 15, 2019 5:28am Oct 15, 2019 5:28am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
This question goes out to all Trend Traders whether you are trading the TMS method or not. Hopefully I get an answer from somebody who has more experience and is a full time trader. With such trend trading strategies what can be done to reduce losses in choppy and consolidating markets. As we know systems like TMS in such periods would provide many false signals. Thanks.
LIVE TRADING !
Hi sharpiemomo
Now we see M30 small HA candle and did not close outside the PAC Yellow Brick Road... wait for the HA to close above the PAC High for buy ... if yiu are trading a potential breakout.
Is this hindsight trading?
trade what we see active candles....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #98,338
- Oct 15, 2019 5:53am Oct 15, 2019 5:53am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} You are the best hindsight trader in the world Emmanuel, tosser!
hey mistakesr
on chart technical analysis is always hindsight because I use bar/candlestick analysis. No one can predict what price bars/candles would do, was wait for the close of every price period and analyse our charts for market type conditions hence look for trade setups according to the method's rules.
look at my chart again, I highlight now the H4 period of the rally and when the last H4 closed, the cext H4 periods range became small within the high-low of the H4 end of rally candle. It needs a minimum two H4 periods to see a change in market type conditions. In this case, we see big H4 candle and small H4 candles ... enought to call it range consolidation, so we know that we are in consolidation range (re Post#647). Once we know this is the current market type condition, we have to decide is we want to trade H4 or H1 or smaller timeframe like M30 or M15 and even possible M5, same TMS setup rules.
hope this explain what I see. If you still have doubt, please help the people here and post your charts and explain how you trade.
I am sure people reading this thread look forward to experts like you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #98,339
- Oct 15, 2019 6:36am Oct 15, 2019 6:36am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #98,340
- Oct 15, 2019 6:43am Oct 15, 2019 6:43am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} You don't learn do you Emmanuel? Here is that video again. Watch it carefully, you might notice something. https://www.youtube.com/watch?v=W7Qt-n9bbqw
hey Tekkies
that video has already proved that your M15H1 VLine is losing method/strategy.
it is very clear to us when you first posted that same video.
running that in MT4 backtester is not live trading. Run that using the TDI in Post#25 and record that in live market.
you can continue to have fun with your backtesting.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett