DislikedDE30 Week 48 Nov 25 to 29 Weekly is 'spinning tops' for 2 weeks... some technical traders think this is indecision. My preferred direction is to buy when the HA candles are above its 5EMA. This works with all timeframes - Daily, H4, H1 and M15. The rest is the Money Management strategy and Mental strategy the mental fitness of the trader to trade in all market conditions. {image}Ignored
- #99,143
- Nov 24, 2019 7:48pm Nov 24, 2019 7:48pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} Hi Emmanuel , what made you concentrate on DE30 ? Interesting and very simple approach. Do you have stop loss? . Those 'rigged' spikes..
Post 99,058
- Can give you the answer why it seems that Emmanuel only post DE30 trades
He never posted DE30 trades before middle Augustus 2018. It started only after I posted DE30 charts.
First few charts was to "correct" me with lots of insults, side remarks. Later Emmanuel jumped completely on the bandwagon and become the conductor of the DE30 band.
Maybe he still hoping I will follow his advice.
- #99,145
- Nov 24, 2019 8:50pm Nov 24, 2019 8:50pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} His a character Emmanuel , never short of words.
Did some time wasting.
They are all about how Tekkies: Post 92,148. Post 92,148 ..........Try and find a post before those postes where 7788 mentioned or trade DE with out referring to Tekkies'
Am sure if DE30 was part of his trading profile he would have posted somewhere in the distance past a chart or a profit summary about DE30.
- #99,146
- Nov 25, 2019 4:17am Nov 25, 2019 4:17am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #99,147
- Nov 25, 2019 4:23am Nov 25, 2019 4:23am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} GD emm.. i didn't trade this, but in your opinion where is best to place the initial SL.. a few pips below 0.98684 for H4? or a few pips D1 0.98412? or a few pips below midway 0.99344?
USDCHF
A proven method is to use the 2bars/candles look back for initial SL when there is an established 'trend' or swing.
when trading the Daily, then previous 2 days' low. This will allow possible add-on when there is retracement up to 50% of the low to high of the two days.
also possible to use the previous 2 weeks low when the market is sideways wide range.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #99,148
- Nov 25, 2019 2:51pm Nov 25, 2019 2:51pm
{quote} Hi moRTaL USDCHF A proven method is to use the 2bars/candles look back for initial SL when there is an established 'trend' or swing. when trading the Daily, then previous 2 days' low. This will allow possible add-on when there is retracement up to 50% of the low to high of the two days. also possible to use the previous 2 weeks low when the market is sideways wide range. {image}
- #99,150
- Nov 25, 2019 4:11pm Nov 25, 2019 4:11pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
DE30 Week 48 Nov 25 to 29 Weekly is 'spinning tops' for 2 weeks... some technical traders think this is indecision. My preferred direction is to buy when the HA candles are above its 5EMA. This works with all timeframes - Daily, H4, H1 and M15. The rest is the Money Management strategy and Mental strategy the mental fitness of the trader to trade in all market conditions. {image}
DE30 Nov 26 Tokyo Open
It was right decision to stay on the buyers side yesterday and today is the same decision.
Look at the H4 price action... the APB/HA candles are above its 5EMA, Typical Price, Shift+3. Note the TDI green and read at the circled 1 and 2. This is reason why I put more weight to the price action of the OHLC and the HA candles.
Also I look at the market type condition of the Weekly and Daily.
It is simple to follow price action of all three timeframes when swing trading. This very same simple approach works in all instruments - stock, indices, forex, etc. It is all about entries and exits. Knowing when and where to cut-losses and when to let profits run and grow an account.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #99,151
- Nov 25, 2019 4:18pm Nov 25, 2019 4:18pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} thx for the reply emm
USDCHF Nov 26
well, yesterday was choppy in LTF and went nowhere on the Daily. Not much retracement to build another position for those trading with MEME.
today would be the same so long we see the OHLC and the HA candles price action above its 5EMA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #99,152
- Nov 25, 2019 4:26pm Nov 25, 2019 4:26pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
USDCAD Nov 26 Daily
Look at the Weekly high made last week and what happen for several days after that momentum high that .
Learn Price Behaviour by professional trader Mike Baghdady. There are four videos, here is Part 1.
Look at the Weekly high made last week and what happen for several days after that momentum high that .
Learn Price Behaviour by professional trader Mike Baghdady. There are four videos, here is Part 1.
Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #99,153
- Nov 25, 2019 4:45pm Nov 25, 2019 4:45pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
AUDJPY Nov 26 Daily
it is always the same whether price make a high or a low,
in this example , there are a big weekly candle 2 weeks ago with a new low.
see what happens to the price after that weekly low.
when trading in the LTF you will always see some support and resistance.
now we be patient and wait for the next best technical setup and also listen to the market events and sentiments.
it is always the same whether price make a high or a low,
in this example , there are a big weekly candle 2 weeks ago with a new low.
see what happens to the price after that weekly low.
when trading in the LTF you will always see some support and resistance.
now we be patient and wait for the next best technical setup and also listen to the market events and sentiments.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #99,155
- Nov 26, 2019 2:16am Nov 26, 2019 2:16am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
To free Gazans of Hamas, use whatever it takes.
- #99,160
- Nov 26, 2019 11:02am Nov 26, 2019 11:02am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
To free Gazans of Hamas, use whatever it takes.