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Trading Made Simple

  • #119,681
  • May 30, 2021 2:40pm May 30, 2021 2:40pm
Quoting Sjr
{quote} Hi Big E, Heres my E/J 4 H chart 2 mins after you posted yours. Im using FXDD. I noticed my TDI is no where near crossing yet. Any thoughts as to why ?? Cheers Steve {image}
Hi, What is a media movement that is using no TDI?
  • #119,682
  • May 30, 2021 2:57pm May 30, 2021 2:57pm
Quoting Sjr
{quote} Hi Big E,
Heres my E/J 4 H chart 2 mins after you posted yours.
Im using FXDD. I noticed my TDI is no where near crossing yet.
Any thoughts as to why ??
Cheers Steve {image}
you have the same H4 candle and broker server time - FXDD.
look at all the details on the eurjpy H4 chart and read the TDI data values.

Two things you can do:

1) Wait till this H4 candle close

2) refresh your chart and that TDI will update immediately.
Attached Image (click to enlarge)
Click to Enlarge Name: #360 chart.png Size: 144 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,683
  • May 30, 2021 2:59pm May 30, 2021 2:59pm
Quoting Tekkies
{quote} Hi Hasib did you know that price action lag price the same way that indicators lag price. Where does indicators get information from? > What happened in the past. Where does price action get information from? > What happened in the past.
When you refer to "price action", are you referring to the price bars on a specified timeframe? If yes, then definitely "price action" (price bars) is just one of the many LAGGING indicators.

For example, if you look at a closed H4 bar, what do you know about the "price action"? You know only that sometime during that 4 hours that the bar formed, a high was made and a low was made. You also know what the clock time was that the broker posted for the start and end of that price bar. So this price bar is nothing more than a binning of the price ticks that the broker posted during that 4 hour period. So if price ticks are being binned to create a price bar, then the PRICE TICKS versus time are the "price action", not the price bars.

And how many traders do we find that are examining price ticks as they are posted to use for trading decisions? None that I know of. Everyone I know or that I have seen make presentations or write ups use some type of INDICATOR (price bars are included as indicator) that in some way aggregates, averages, or bins those individual ticks to provide LAGGING information about price versus time.
To free Gazans of Hamas, use whatever it takes.
  • #119,684
  • May 30, 2021 3:17pm May 30, 2021 3:17pm
Quoting hasib
According to steve nison candlesticks analysis what will happen next week. I mean what is the next expected candle? {image}
Attached Image (click to enlarge)
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on your weekly chart I need 3 candles to see the Market Type conditions and it has changed.

I see the market is already sideways for 2 weeks.

I know the market type range high - low and use my trading system for range trading.

I wait for the breakout opportunity too.

The market is showing you its Weekly Open, High, Low and Close.


-------------------------------------------------------------------------------------------------
Market Types – the first key to Forex system development.
“Expecting the same system to work in all market types is the definition of insanity”
--------------------------------------------------------------------------------------------------
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,685
  • May 30, 2021 3:25pm May 30, 2021 3:25pm
Quoting romulorios
{quote} Hi, What is a media movement that is using no TDI?

BTCUSD is the current one

Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD SYD 31-5-2021 6-23-45 am.png Size: 48 KB


another would be brk-A and brk-B.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,686
  • May 30, 2021 3:27pm May 30, 2021 3:27pm
Quoting heispark
{quote} I guess that's posting only hindsight charts or Adobe Photoshop...... No one can trade like this. Only newbies buy it.

starting tomorrow June 01, we all must try follow this chart and replicate 50pips trades.

its is so easy to replicate trades.

I can "predict" London Open LO HA open price to 99.999% accuracy using Frankfurt Open HA candle OHLC.

Attached Image (click to enlarge)
Click to Enlarge Name: Phx62 Feb 14, 2015 EurAud example.png Size: 346 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,687
  • May 30, 2021 4:01pm May 30, 2021 4:01pm
Quoting mistdraw28
{quote} Are my charts similar to yours EMMANUEL7788 ? If in london session H4 and H1 give us a Sell signal. But in the pipware minichart all the higher frames are showing up move, the price lines are all above the MA. so do i need pipware chart to use in london session anymore? - When do you think the pipware chart is used? 1 long direction with 3-8 candles H1, H4 ? {image} {image} {image} {image}

hi @mistdraw28

here is my GU H1 V19 template

- note the trading hours are your MT4 local time and you need to set that to your trading hours for the pairs you trade

- I have set mine to 2 hours after Sydney Open but I do not trade all the alerts

- keep the setting for H1 to minimum and you decide based on PA+SR on your trading charts.

- no trading today! you know why.

Attached Image (click to enlarge)
Click to Enlarge Name: GU May31 H1 V19 trading hours.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,688
  • May 30, 2021 7:21pm May 30, 2021 7:21pm
Quoting emmanuel7788
{quote} hi @mistdraw28 here is my GU H1 V19 template - note the trading hours are your MT4 local time and you need to set that to your trading hours for the pairs you trade - I have set mine to 2 hours after Sydney Open but I do not trade all the alerts - keep the setting for H1 to minimum and you decide based on PA+SR on your trading charts. - no trading today! you know why. {image}

GU May31 h1 Tokyo 11:20AM local

- H1 TDI dynamic vs static

- know your TDI versions well

Attached Image (click to enlarge)
Click to Enlarge Name: GU May31 H1 V19 TDI static and dynamic 31-5-2021 10-17-32 am.png Size: 83 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,689
  • May 30, 2021 8:01pm May 30, 2021 8:01pm
Quoting emmanuel7788
{quote} hi @mistdraw28 here is my GU H1 V19 template - note the trading hours are your MT4 local time and you need to set that to your trading hours for the pairs you trade - I have set mine to 2 hours after Sydney Open but I do not trade all the alerts - keep the setting for H1 to minimum and you decide based on PA+SR on your trading charts. - no trading today! you know why. {image}
Thank Bro ! I ordered the same template as yours. Today is the last day of the month. But I look for a trade setup at H1 during today's London session. I hope not to be beaten by the market by what you guide me . Look at the PA of H4 (below/above EMA) and find a suitable setup at H1 according to H4.If H4 is below EMA it won't go long at H1. Do I understand correctly?
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  • #119,690
  • May 30, 2021 8:27pm May 30, 2021 8:27pm
Quoting Tekkies
{quote} ......did you know that price action lag price the same way that indicators lag price......
Hi friend, How can we overcome this; price action lag price, and take the advantage on it.
  • #119,691
  • May 30, 2021 9:21pm May 30, 2021 9:21pm
Quoting Tekkies
{quote} Hi Hasib did you know that price action lag price the same way that indicators lag price. Where does indicators get information from? > What happened in the past. Where does price action get information from? > What happened in the past.
Show me how?
MA provides the market's current direction and strength.
  • #119,692
  • May 30, 2021 10:05pm May 30, 2021 10:05pm
TMS Monitor May31 H4 at Frankfurt 7AM

- a few alerts

- no trading today but you can forward test your understanding of Big E' 5-Method

- my pick is EURAUD from my group 3 pairs

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor H4 May31FFM7am 31-5-2021 1-02-08 pm.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,693
  • May 30, 2021 11:31pm May 30, 2021 11:31pm
Quoting MwlRCT
{quote} Hi friend, How can we overcome this; price action lag price, and take the advantage on it.
Get a crystal ball to predict the future of current trend.
---
Follow only the advice that BigE has posted in this thread.

You will do good.
  • #119,694
  • May 30, 2021 11:35pm May 30, 2021 11:35pm
Quoting hasib
{quote} Show me how?
Explain you request, Hasib.
  • #119,695
  • May 30, 2021 11:51pm May 30, 2021 11:51pm
Quoting DrDave
{quote} When you refer to "price action", are you referring to the price bars on a specified timeframe? If yes, then definitely "price action" (price bars) is just one of the many LAGGING indicators. For example, if you look at a closed H4 bar, what do you know about the "price action"? You know only that sometime during that 4 hours that the bar formed, a high was made and a low was made. You also know what the clock time was that the broker posted for the start and end of that price bar. So this price bar is nothing more than a binning of the...
Price Action on any timeframe that use any of this:
-doji, double top/bottom, inside bar, hammer, cup and handle, ABCD formation, those funny alphabet letters soup jargon that gets post so much in this thread.
(to many to list all)
  • #119,696
  • May 30, 2021 11:58pm May 30, 2021 11:58pm
Quoting MwlRCT
{quote} Hi friend, How can we overcome this; price action lag price, and take the advantage on it.

How can we overcome this; price action lag price, and take the advantage on it.


Quoting Tekkies
{quote} Get a crystal ball to predict the future of current trend. --- Follow only the advice that BigE has posted in this thread. You will do good.
The OP of this thread, the same Big E once said these: (in his old thread)

==================================================
Good Morning All...

For any of you who has signed up for the free nightly training video by Compassfx or went thru them to get your FXDD Demo account... you would have received an email a couple of days ago letting you know there was a free Craig Harris Webinar last night. It was great as a few members from this forum here would attest to.

Here are some highlights & adjustments:

1. Using S/L of normally 35 pips on his trades.
2. He always targets his Big Numbers for exit targets (00,20,50,80,00)... shooting for 20+ pips per swing.
3. When there is a long run (60-100 pips) the next swing is often small.
4. Once any pair runs it's normal daily range the swings normally become smaller.
5. After the London close the G/U tends to range.
6. Craig trades the 1st three hours of the London session and the next 3 hours after the London close.
7. Most pairs have two long runs per day.
8. Really stressed how important it is to wait for the Tokyo Channel to be 40+ pips before trading any pairs.
9. Retracements start at the London close on G/U.
10. At the London close if Price Action is in the upper or lower quarter of the Tokyo Channel... look for retracements.

Pretty cut and dried... enjoy. Big E

====================================================

What is Price Action?

It is a subject where different traders, teachers, gurus, etc. will have different views and opinions. I learn from a few good teachers - Steve Nison, Thomas Bulkowski, Lance Beggs and a few others well-known in this industry.
I can first summarize Price Action to a few price bar pattern with APB/HA candles to identify True REVERSAL price action and CONSOLIDATION price action, and use technical studies like Stochastics, RSI and MACD as additional trading tools/aids to help me in making trade decisions.
It is really not that complicated nor complex which many think it is.

Remember - Keep It Simple. Keep Price Action simple too. It can be learned and mastered with screen time spent.

Trade Well. Stay Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,697
  • May 31, 2021 12:02am May 31, 2021 12:02am
Did TDI cross over?: Yes
- Angle above / below 2/4?: Yes, below 5
Did Stoch confirm direction?: Yes, down
Add post#647 to the mix.
Attached Image
  • #119,698
  • May 31, 2021 12:08am May 31, 2021 12:08am
Quoting emmanuel7788
{quote} How can we overcome this; price action lag price, and take the advantage on it. {quote} The OP of this thread, the same Big E once said these: (in his old thread) ================================================== Good Morning All... For any of you who has signed up for the free nightly training video by Compassfx or went thru them to get your FXDD Demo account... you would have received an email a couple of days ago letting you know there was a free Craig Harris Webinar last night. It was great as a few members from this forum here would...

Quoting Big E once again:

Here is a 15 minute chart on the E/U from the Euro Open to 9AM tjis morning. Suppose this Price Action is strong enough to trade this time period daily? dah
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: Big E CHS #151 chart.png Size: 203 KB


What do you see in "this price Action" in his chart above?

read, study and take notes ... this is one way to learn and learn EVERYTHING.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,699
  • May 31, 2021 12:17am May 31, 2021 12:17am
Quoting Tekkies
{quote} Price Action on any timeframe that use any of this: -doji, double top/bottom, inside bar, hammer, cup and handle, ABCD formation, those funny alphabet letters soup jargon that gets post so much in this thread. (to many to list all)
OK, so all of those "price action" traders are actually "price-lagging indicator action" traders. Got it!
To free Gazans of Hamas, use whatever it takes.
  • #119,700
  • May 31, 2021 12:17am May 31, 2021 12:17am
Quoting emmanuel7788
TMS Monitor May31 H4 at Frankfurt 7AM - a few alerts - no trading today but you can forward test your understanding of Big E' 5-Method - my pick is EURAUD from my group 3 pairs {image}

at the TMS Monitor alert,

I check my H4 first,

Attached Image (click to enlarge)
Click to Enlarge Name: EA May31 H4 V19 FFM7am 31-5-2021 1-05-57 pm.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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