Experience is the hardest teacher. It gives you the test first, and the le
- #128,726
- Jan 15, 2022 6:38pm Jan 15, 2022 6:38pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #128,727
- Jan 15, 2022 7:53pm Jan 15, 2022 7:53pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Hey guys Had a question, do you think it would be possible to use currency strength with the TMS Strategy so you know whats in a trend or not? And how do you guys use HTF analysis with TMS? Like example: If you have entries on the 4H TF and you need to know the direction of the 1D TF can you guys explain how you guys do it and what do you use?
Big E' Trading Made Simple is easy for him. He enters his 4hr trade at 10PM and/or 2AM and he close his trades at 6AM.
Did he ever mentioned about checking any currency strength back in 2008 to 2010?
Answer: NO.
But some traders did check some kind of currency strength and use that to pick the better pairs and setups when they are day trading H1 and below.
HTF Analysis - YES! Post#647 .
If you apply Post#261 to say 3 different timeframes and pick the best setups, you will win more trades.
Which chart below is easier for HTF analysis?
Chart #1
- compare 5-Method' 5EMA Typical Price, Shift+2 and 10EMA
- use the Power of 10EMA by Tango.
> in which week the uptrend started?
Chart #2
- just use the old 'Yellow Brick Road' aka Price Action Channel PAC
> when did the Weekly show a completed swing low?
> when did the Weekly closed above the PAC high?
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #128,728
- Edited 4:42am Jan 16, 2022 4:20am | Edited 4:42am
{quote} Уважаемый сэр! Добрый день ! Во-первых, спасибо за подробное представление вашей стратегии. Мне...
Stop 1 can be placed even on the first closed green candle, in most cases the stop will not work I almost always bet behind the low of the previous candle 2
Here is another simple full-fledged option to stretch pips in any direction. Candles HA M1 Candles M15 button The arrows show the entry options.
Here is my favorite approach to trading. The trend filter is an M10 Heineken candlestick chart The entrance is also on M1 and closed. candles M5 Trend up until each candle closes above or inside the previous one, close the position by changing the average to M5 - if the candle closes in the opposite direction
And as Big E said - you will have a car with pips
- #128,734
- Jan 17, 2022 6:46pm Jan 17, 2022 6:46pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
GBP pairs Daily Jan 18
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #128,736
- Jan 18, 2022 2:29am Jan 18, 2022 2:29am
I placed this post in the Trading Made Simple(r) thread and discovered I was in the wrong place, so I hope it can find a place here?
NZDJPY H4. I placed a sell stop order in case price continues up for a while. The series of lower swing points is what gave me the confidence to take this trade. Also, the HTFs support this bearish bias. The last four candles are all dojis, which usually signals a change. Note: trade was triggered since original posting.
NZDJPY H4. I placed a sell stop order in case price continues up for a while. The series of lower swing points is what gave me the confidence to take this trade. Also, the HTFs support this bearish bias. The last four candles are all dojis, which usually signals a change. Note: trade was triggered since original posting.
- #128,738
- Jan 18, 2022 4:36am Jan 18, 2022 4:36am
{quote} Hmm the TDI angle looks super flat to me though. The wicks in both direction in the previous candle indicate indecision as well. The current candle is also quite small. My view is that there is no real momentum yet.
I had a look at some comments by Big E (a compiled pdf of his posts) and saw this, which speaks to your point.
When checking out the TDI for a possible trade: Think of a wall clock here and its arms... you
want to see the green line for a long trade at the 12-2 angle for best results and a short trade
at a 4-6 angle... If the green line looks like it's at a 2-4 angle... it's weak. Pass on it.
This extract from my post shows exactly that, a 2-4 angle. Thank you.
- #128,739
- Jan 18, 2022 5:24am Jan 18, 2022 5:24am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Hmm the TDI angle looks super flat to me though. The wicks in both direction in the previous candle indicate indecision as well. The current candle is also quite small. My view is that there is no real momentum yet.
good observations.
I look at the swing highs and swing lows with Fractals ... that big bar/candle is in question ... I would not take that trade.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett