Apr 05 London 9am - sell EURUSD - buy GUPUSD - sell EURGBP
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,881
- Apr 5, 2021 6:38am Apr 5, 2021 6:38am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
- #117,882
- Apr 5, 2021 6:45am Apr 5, 2021 6:45am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
USD Bears ...
short term UJ sell possible
Watch the Weekly Trend 2/8 is very bullish
Daily TDiC1 is bearish
Use MM to mitigate the risks
short term UJ sell possible
Watch the Weekly Trend 2/8 is very bullish
Daily TDiC1 is bearish
Use MM to mitigate the risks
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,883
- Edited 7:50am Apr 5, 2021 7:19am | Edited 7:50am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Why not everyday like this. One or two more trades will put account back into profit.
So much for paper trading.
Edit: Done for the day.
So much for paper trading. Edit: Done for the day.
- #117,884
- Apr 5, 2021 8:11am Apr 5, 2021 8:11am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #117,885
- Apr 5, 2021 9:09am Apr 5, 2021 9:09am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} NY session dollars bears are back ...
EURUSD Apr05
- H4 Bullish Engulfing Outside Bar BUEOB
- BUEOB price action is leading indicator, Stoch and RSI will confirm
- still too early to say if this would be the reversal for a new up trend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,886
- Apr 5, 2021 9:20am Apr 5, 2021 9:20am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
USDCAD Apr05 H4
- Price Action Bearish Engulfing Outside Bar BEEOB
- this BEEOB will always show both Stoch and RSI signals
- Price Action Bearish Engulfing Outside Bar BEEOB
- this BEEOB will always show both Stoch and RSI signals
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,887
- Apr 5, 2021 5:22pm Apr 5, 2021 5:22pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
AUDUSD Apr 06 Sydney 10am
- RBA Rate Statement in about 4 hours,
be prepared for some volatility around that release quarter-hour-mark
- TMS_v19 outlook :
- Weekly Trend 2/8 is sideways
- Daily Trend 2/8 also sideways
- and Daily TDiC1 is bullish
- H4 PA of the HA candles is above its 5EMA.... (buy preferred)
Day trading strategy - its Price Action at Support&Resistance...
1) Follow the Daily candle with 2bars/candles-look-back as initial Stop Loss.
2) Trade away from the Day Open.
3) Wait for retracement 50% for entry
- RBA Rate Statement in about 4 hours,
be prepared for some volatility around that release quarter-hour-mark
- TMS_v19 outlook :
- Weekly Trend 2/8 is sideways
- Daily Trend 2/8 also sideways
- and Daily TDiC1 is bullish
- H4 PA of the HA candles is above its 5EMA.... (buy preferred)
Day trading strategy - its Price Action at Support&Resistance...
1) Follow the Daily candle with 2bars/candles-look-back as initial Stop Loss.
2) Trade away from the Day Open.
3) Wait for retracement 50% for entry
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,888
- Apr 5, 2021 5:39pm Apr 5, 2021 5:39pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
AUDUSD Apr 06 Sydney 10am - RBA Rate Statement in about 4 hours, be prepared for some volatility around that release quarter-hour-mark - TMS_v19 outlook : - Weekly Trend 2/8 is sideways - Daily Trend 2/8 also sideways - and Daily TDiC1 is bullish - H4 PA of the HA candles is above its 5EMA.... (buy preferred) {image} Day trading strategy - its Price Action at Support&Resistance... 1) Follow the Daily candle with 2bars/candles-look-back as initial Stop Loss. 2) Trade away from the Day Open. 3) Wait for retracement 50% for entry
AUDUSD Apr06 Swing Trading TMS EVO_II
- RBA volatility expected
Big Picture:
- MN key levels to watch this month Apr 2021
Daily Swing Trading :
- 20-trading days cycle from Week 14 Apr 05 to Week 17 Apr 30
- buy only Week14,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,889
- Apr 5, 2021 5:46pm Apr 5, 2021 5:46pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
AUDUSD Apr 06 Sydney 10am - RBA Rate Statement in about 4 hours, be prepared for some volatility around that release quarter-hour-mark - TMS_v19 outlook : - Weekly Trend 2/8 is sideways - Daily Trend 2/8 also sideways - and Daily TDiC1 is bullish - H4 PA of the HA candles is above its 5EMA.... (buy preferred) {image} Day trading strategy - its Price Action at Support&Resistance... 1) Follow the Daily candle with 2bars/candles-look-back as initial Stop Loss. 2) Trade away from the Day Open. 3) Wait for retracement 50% for entry
AUDUSD Apr06 Multi-Timeframe view
- H4 potential "POP" ... its an opportunity!
- Daily PA above 10EMA is good
- but Daily 50EMA above , expects to see some reaction in LTF
- Weekly 10EMA above current price (also Daily 50EMA)
We shall see how the market will trade this week and in the coming weeks until end-April.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,890
- Apr 5, 2021 5:59pm Apr 5, 2021 5:59pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Example How to interpret Price Action according to the OP Big E Post#647
USDCHF H4 Apr05 *
- we see a H4 *CONSOLIDATION* with a Master Candle,
- then a Swing High within the MC High-Low range
- the H4 Swing High is also Phx62' PCRF pattern
- one of my favourite is the BEEB ... BEarish Engulfing Bar pattern which will always show with a Stoch %K cross %D signal and the RSI green price line as further confirmation of the setup. BEEB will whos lower high lower low + Lower Close.
- that BEEB candle also break the MC Low.
*I don't trade CHF pairs, so I gave that setup a miss.
USDCHF H4 Apr05 *
- we see a H4 *CONSOLIDATION* with a Master Candle,
- then a Swing High within the MC High-Low range
- the H4 Swing High is also Phx62' PCRF pattern
- one of my favourite is the BEEB ... BEarish Engulfing Bar pattern which will always show with a Stoch %K cross %D signal and the RSI green price line as further confirmation of the setup. BEEB will whos lower high lower low + Lower Close.
- that BEEB candle also break the MC Low.
*I don't trade CHF pairs, so I gave that setup a miss.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,891
- Apr 5, 2021 8:34pm Apr 5, 2021 8:34pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
GU quick scalp before outing
Same set up as usual. TMS sell cross upon rejection
Same set up as usual. TMS sell cross upon rejection
- #117,892
- Apr 5, 2021 9:32pm Apr 5, 2021 9:32pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
AUDUSD Apr 06 Sydney 10am - RBA Rate Statement in about 4 hours, be prepared for some volatility around that release quarter-hour-mark - TMS_v19 outlook : - Weekly Trend 2/8 is sideways - Daily Trend 2/8 also sideways - and Daily TDiC1 is bullish - H4 PA of the HA candles is above its 5EMA.... (buy preferred) {image} Day trading strategy - its Price Action at Support&Resistance... 1) Follow the Daily candle with 2bars/candles-look-back as initial Stop Loss. 2) Trade away from the Day Open. 3) Wait for retracement 50% for entry
News Trading
AUDUSD Apr06 RBA Rate Announcement Sydney 2:30pm
M15 with H1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,893
- Apr 5, 2021 9:37pm Apr 5, 2021 9:37pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #117,894
- Apr 5, 2021 10:02pm Apr 5, 2021 10:02pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} News Trading AUDUSD Apr06 RBA Rate Announcement Sydney 2:30pm M15 with H1 {image}
Compare these two charts
1) at news release RBA rate announcement
2) 30 mins after RBA rate announcement
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,895
- Apr 6, 2021 12:04am Apr 6, 2021 12:04am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Day trading TMS 5-Method
When day trading, you will lose less if you know the market conditions and when you make the transition to trade the 4hr during the London session like the Op said, you do not have to trade the H4 chart. You can trade the H1 setups during the London session but follow the H4 Price Action.
EURAUD is an example today, London 8:00AM
H4 PA is above its 5EMA, better to look for H1 buy setup.
When day trading, you will lose less if you know the market conditions and when you make the transition to trade the 4hr during the London session like the Op said, you do not have to trade the H4 chart. You can trade the H1 setups during the London session but follow the H4 Price Action.
EURAUD is an example today, London 8:00AM
H4 PA is above its 5EMA, better to look for H1 buy setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,896
- Apr 6, 2021 12:08am Apr 6, 2021 12:08am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Day trading TMS 5-Method When day trading, you will lose less if you know the market conditions and when you make the transition to trade the 4hr during the London session like the Op said, you do not have to trade the H4 chart. You can trade the H1 setups during the London session but follow the H4 Price Action. EURAUD is an example today, London 8:00AM H4 PA is above its 5EMA, better to look for H1 buy setup. {image}
EURAUD Apr06 London session
- Frankfurt Open candle provides the setup... BUEOB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,897
- Apr 6, 2021 12:26am Apr 6, 2021 12:26am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
EURNZD Apr06
- H4 TMS V19 information
- H1 BUEOB setup with good RSI green line slope
- missed this! just too many to pick at LO.
- H4 TMS V19 information
- H1 BUEOB setup with good RSI green line slope
- missed this! just too many to pick at LO.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,898
- Apr 6, 2021 12:28am Apr 6, 2021 12:28am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
TMS Monitor Apr06 H1 at London Open
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,899
- Apr 6, 2021 12:31am Apr 6, 2021 12:31am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Closed trades Apr05
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #117,900
- Apr 6, 2021 12:33am Apr 6, 2021 12:33am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
USD Bears ... short term UJ sell possible Watch the Weekly Trend 2/8 is very bullish Daily TDiC1 is bearish Use MM to mitigate the risks {image}
Closed trades Apr05
loser...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett