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Trading Made Simple

  • #118,021
  • Apr 9, 2021 1:12am Apr 9, 2021 1:12am
Quoting emmanuel7788
{quote} GBPCAD Apr08 Trade Closed. Price Action is leading indicator over the Stoch and TDI. That was a ' fakey'. ... I cut loss once and I remember my TMS V19 information ... follow H4. {image} {image}


GBPCAD Apr09 H4 at Frankfurt Open

- 'feeling luck' with some money in my bank from yesterday' profits.

- trading requires good skills not depend on good-luck. Gambling requires luck and that's the difference.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Apr09 H4 V19 FO 9-4-2021 2-08-14 pm.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,022
  • Apr 9, 2021 1:16am Apr 9, 2021 1:16am
Quoting Inthebox
gbpaud pullback sell during europe/london session? {image}
Hidden divergence is forming and look forward to rejection setups
price just tapping the previous LH level
  • #118,023
  • Apr 9, 2021 1:18am Apr 9, 2021 1:18am
[quote = emmanuel7788; 13487857] {quote} EURUSD tháng 409 H4 Frankfurt Mở rộng - hiện tại chúng ta đang ở trong cây nến 4 giờ và tôi thấy một cây nến H4 lớn ở bên trái {image} [/ quote]

Thank you emm! I sold the EU. Am I in a hurry when I have 45 minutes, LO and more than 2 hours to close this H4 candle. Do I need to see a yellow baseline going down?
  • #118,024
  • Apr 9, 2021 1:29am Apr 9, 2021 1:29am
Quoting tommydoginti
{quote} Hidden divergence is forming and look forward to rejection setups price just tapping the previous LH level
observe whether yesterday new york high is taken out or not.
no selling until price closes below.
ITB - Seeing Orderliness amongst 'Randomness'
  • #118,025
  • Apr 9, 2021 1:57am Apr 9, 2021 1:57am
gu sell.
round number, lower higher, tdi cross.
Attached Image (click to enlarge)
Click to Enlarge Name: 9253c0a36285fd66bd5e2bb1b30701c5.png Size: 18 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #118,026
  • Apr 9, 2021 2:00am Apr 9, 2021 2:00am
AUDNZD Apr09 H1

- DBHLC

- wait for Close to confirm!

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Apr09 H1 DBHLC forming to close 9-4-2021 2-58-47 pm.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,027
  • Apr 9, 2021 2:56am Apr 9, 2021 2:56am
Quoting tommydoginti
{quote} Don't follow gurus who tells you that "The Candle is clearly Up/Down" to determine your bias. Easily to buy at tops and sell at bottom, the "Red Christmas" was the perfect example of it, demonstrating >50% chance of price turning against you if entering because "The candle is clearly up/down" EU is trending up in long term and consolidating in last two days before you entered. If you are trend trading you can enter upon Buy signals (which you have showed us a good entry of yours), if countertrend or ranging then the level you sell was feasible,...
The mistakes in Post 118,001 was Stoch did not confirm direction.
It was a weak direction barely visible, look at other charts post how strong Stoch can point " trade in that direction".

Have notice that "tops and bottoms" has become a popular terminology in this thread. Well that is where TDI cross over as well and you can clearly see green on the other side of red with a very strong angle below 5 almost touching angle 6.

BigE poste this and price to my dismay followed his advice.
#121
Note the last 20 candles (PA) are pretty flat with some movement.
You took the trade close to the TDI 32 line which is about the bottom. However I've seen trades taken short on the 32 line go 100 pips profit... Just be aware how close you are to the 68 & 32 line and pay close attention.
The TDI and Stochs are giving opposite signals...
Also pay attention to the left on the TDI for tops and bottoms... there pretty accurate for reversals...
It may be ok but I would have passed looking for another chart set up... I only pick the best chart set ups to trade... there are plenty and no itchy finger here to jump in... just pick the most solid looking set ups... it'll make you lots of pips

#270...... The 32,50 & 68 lines are original. When you get to 68 start looking for a reversal sign on the TDI...
However it could still be 50-100 pips away occasionally... just pay attention to the green line for a possible exit signal... the 32 line is the opposite.
  • #118,028
  • Apr 9, 2021 3:40am Apr 9, 2021 3:40am
Quoting Tekkies
{quote} The mistakes in Post 118,001 was Stoch did not confirm direction. It was a weak direction barely visible, look at other charts post how strong Stoch can point " trade in that direction". Have notice that "tops and bottoms" has become a popular terminology in this thread. Well that is where TDI cross over as well and you can clearly see green on the other side of red with a very strong angle below 5 almost touching angle 6. BigE poste this and price to my dismay followed...

hey Tekkies

let's discuss trading and review your chart and that M15 sell entry. Please post you chart updated now.

the same chart I have below with that circle M15 sell entry you made.

1) Note the price action circle in white, do you see consolidation?

2) what was the 'trend' before that consolidation?

3) Was there a reversal when that M15 Ha candle closed (HA candle was red) and was there a TDI signal for sell?

4) What do the 5EMA look like when that M15 HA candle closed?

5) Is that M15 sell trade what Big E would consider as his aggressive entry APB/HA#1 entry?

very simple, just 5 simple checklist item / questions.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies EU M15 sell entry 9-4-2021 4-29-52 pm.png Size: 56 KB


Also my post#118,002
https://www.forexfactory.com/thread/...7#post13487087
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,029
  • Apr 9, 2021 5:14am Apr 9, 2021 5:14am
Hey guys
I've been hesitating to enter a trade for the last 1 hour for those signals appear on H4 chart.
I had some experience with VSA and also, today is friday... bcuz of that 2 reasons, I personally believe that there could be many falsebreak happening, so i'll call it a week.
GL guys
  • #118,030
  • Apr 9, 2021 6:32am Apr 9, 2021 6:32am
Quoting Inthebox
gbpaud pullback sell during europe/london session? {image}
ga sell result.
Attached Image (click to enlarge)
Click to Enlarge Name: c79c6690354e7314edfe5584a722e0bf.png Size: 19 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #118,031
  • Apr 9, 2021 9:19am Apr 9, 2021 9:19am
Quoting Inthebox
{quote} ga sell result. {image}
Nice entry and exit! Enjoyable to watch your trades and happy to know you’re laughing all the way to the bank!
I appreciate you showing the hidden divergence as one of the confluences

Have a nice weekend!
  • #118,032
  • Apr 9, 2021 9:58am Apr 9, 2021 9:58am
Quoting tommydoginti
{quote} Nice entry and exit! Enjoyable to watch your trades and happy to know you’re laughing all the way to the bank! I appreciate you showing the hidden divergence as one of the confluences Have a nice weekend!
with persistence, discipline and reflection, each will have to find their own way.
definitely will not be less than 5 years.
ITB - Seeing Orderliness amongst 'Randomness'
  • #118,033
  • Apr 9, 2021 12:27pm Apr 9, 2021 12:27pm
cad news.
usdcad sell.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #118,034
  • Apr 9, 2021 7:20pm Apr 9, 2021 7:20pm
Quoting Tekkies
{quote} ...
Have notice that "tops and bottoms" has become a popular terminology in this thread. Well that is where TDI cross over as well and you can clearly see green on the other side of red with a very strong angle below 5 almost touching angle 6...

Hey Tekkies

For 5 years+, you often repeat and remind people to read and follow Big E posts only.

Terminology used by traders, teachers, trading gurus, etc. do not matter because what we see on our charts are all the same whether we name them as "tops and bottoms" or "peak and trough" or "ebb and flow" etc. etc.

Just like the use of divergence is the current talk about daily.

The truth about divergence be that regular divergence and hidden divergence, you will see them all over the place on all charts, in every timeframe.

What did Big E said about divergence ?
old thread Post#4306
https://www.forexfactory.com/thread/...30#post4553530

Quoting eelfranz
Stevepatt...

Good point and some people trade using divergence. I don't personally because it's like everything in FX... nothing works 100% of the time and that goes for divergence too... I just try to keep it as simple as possible for success.... and my way is not necessarily the only way...

Thanks for postin' buddy....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,035
  • Apr 9, 2021 7:35pm Apr 9, 2021 7:35pm
Quoting Inthebox
{quote} ga sell result. {image}

Nice trades Inthebox.

some people think TMS is single entry trading.

so I ask:

1) What market conditions do you consider when you make double entries instead of single entry?

2) when you place 2 entries, what is your money management risk for stop loss and Positions Size for each trade entry?

3) where would be your initial Stop Loss for 2 entries? if you have the same SL ... same risk?

4) WHAT IF scenario, what if the market turn against the 2 entries, do you consider manual exit one or both positions between your SL and EP entry price,

5) Trade Management, do you consider moving your initial SL to EP+? how many pips move?

6) I only see price action vs RSI divergence on the M15 details after you entries.

Attached Image (click to enlarge)
Click to Enlarge Name: inthebox GBPAUD sell M15 10-4-2021 7-12-56 am.png Size: 99 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,036
  • Apr 9, 2021 7:43pm Apr 9, 2021 7:43pm
Quoting Inthebox
cad news. usdcad sell. {image}

Nice trades!

Follow the Daily and Trade away from the Day Open, one of my favourite entry technique.

And you made 2 sell entries and different time and price did you increase the overall risk of this trades or you use average price of multiple entries?

Attached Image (click to enlarge)
Click to Enlarge Name: Inthebox usdcad H1 10-4-2021 8-37-07 am.png Size: 83 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,037
  • Apr 9, 2021 7:59pm Apr 9, 2021 7:59pm
Quoting emmanuel7788
{quote} Hey Tekkies For 5 years+, you often repeat and remind people to read and follow Big E posts only. Terminology used by traders, teachers, trading gurus, etc. do not matter because what we see on our charts are all the same whether we name them as "tops and bottoms" or "peak and trough" or "ebb and flow" etc. etc. Just like the use of divergence is the current talk about daily. The truth about divergence be that regular divergence and hidden divergence, you will see them all over the place on all charts, in every timeframe. What did Big E...

About "tops and bottoms" or "peaks and troughs",

we discussed this a lot back in Dec 2012 in the M15 thread.
https://www.forexfactory.com/thread/...41#post6257241
LE1 call that 'Temple'... LOL.

Here is a pdf for weekend reading.

Martin Pring' Peaks and Troughs pdf
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,038
  • Apr 9, 2021 8:10pm Apr 9, 2021 8:10pm
Quoting emmanuel7788
{quote} next step is to look at H1 for details when day-trading EURUSD Apr09 H1 - a H1 Master Candle after London session closed last night. - this is an opportunity ! - do you know a low-risk trading idea? {image}

EURUSD Apr09 trades closed

- that breakout did not go very far and TIMEOUT! for me,
- Follow Rule#16 Get Out! save your trading capital.

- anyway, the week 14 Apr 05 to 09 closed with nice profits which adds to my 20-trading days cycle.
- you will see my trade entries and exits on this chart below.
- Note* I based all my trades on H4 PA and it 5EMA, plus key support and resistance levels, therefore you see some H1 entries are not always APB/HA#1 and #2,.
- some H1 trade entries are based on Daily candle close.

- It is Friday, no more trading after London market closed.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD APR09 trade closed week 10-4-2021 9-02-54 am.png Size: 68 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,039
  • Apr 9, 2021 8:23pm Apr 9, 2021 8:23pm
Quoting ted-d
Hey guys I've been hesitating to enter a trade for the last 1 hour for those signals appear on H4 chart. I had some experience with VSA and also, today is friday... bcuz of that 2 reasons, I personally believe that there could be many falsebreak happening, so i'll call it a week. GL guys

Hi ted

It is Friday. I learn from Big E' posts, he would not trade his 4hr on Fridays and also not on Mondays. I know his reasons.

I do the same when I am trading the 4H Swing, I would not start a new H4 Swing trade on Fridays. I would close all 4H Swing trades by the time London market session closed but with only one exception. Note: my 4H Swing is based on New York 5PM server hour. You H4 broker server alerts can be different.

I have two H4 alert but I would not trade them but I trade H1 based on the H4 setup conditions.

This week better close them all because of the ongoing IMF Meetings and other market events.

Better wait till Tokyo Open on Monday and observe the first 5 hours of the Tokyo and Asian markets.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,040
  • Apr 9, 2021 8:31pm Apr 9, 2021 8:31pm
Discipline for Day Trading

- "the brutal hard truth is you need to be very disciplined when day trading",
- the same when you are swing trading and positions trading

Keep It Simple: Follow 25 rules, and you can trade your way to financial freedom and retire rich.

Discipline for Day Trading pdf
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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