Today is April 26, many of us remember this day very well,
many more good years to come ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,182
- Apr 25, 2022 3:46pm Apr 25, 2022 3:46pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Good Morning all you fabulous traders.... I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING. iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING. Sometimes I would set the TP to 20 pips. 3-6 pairs hitting 20 pips... a few losers maybe... made for a handsome profit. If I put all of my eggs in one basket... it was hit or miss.... I trade both ways with success...
Big E' Post#7555:
I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING.
iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING.
Sometimes I would set the TP to 20 pips. 3-6 pairs hitting 20 pips... a few losers maybe... made for a handsome profit.
If I put all of my eggs in one basket... it was hit or miss....
I trade both ways with success..
<>
On Mondays, you'll have one only setup at the Start-Of-Day and make as many trades as you can afford.
Apr 25, just one setup 3 trades closed.
Did not trade the NYSE M30 Opening setup which is the second setup of EVERYDAY.... 5 days a week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,183
- Apr 25, 2022 4:04pm Apr 25, 2022 4:04pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,185
- Apr 25, 2022 4:29pm Apr 25, 2022 4:29pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} Hi Emmanuel, I love seeing your charts and the way you explain what you do and how you do it. It is indeed possible to be consistent. You watch the 4hr candle and open and close of those means you take your trade on the M15 based on how the H4 has done and then let the EA manage your trade. But following FO and LO ensure the move will likely be in the direction of the hour 4 for some 30 - 60 pips. The smaller and longer the preceding range the more the breakout too. Keep posting away those charts, a lot do not say much but are following...
Hi sharemaster2
This week I try to answer all the PM questions I got over the past few months with realtime live markets trades.
It is not easy to write down the entire thought process behind each and every trade. I had spend hundreds of hours reading and studying those Big E posts and his many training charts and a few real trade examples.
I focus my time on trading and pick the best setups according to what I had learned from Big E' posts and my posts focus on the use of THV CaveManager to manage the trades and the trade exits.
Different traders have different preferences for trade exit strategy.
Some prefer scaling out with single entry and multiple exits.
Some prefer one big entry lot and one exit only.
THV CaveManager has many features as options for the traders to choose from. You will read them in the pdf manual.
But to see how the features work will depends on you finding the best trade setups and opening the buy or sell order.
For a start, follow Big E' Post#1 and trade the 4hr Price Action and his trading hours which is 10PM and 2AM PDT and follow those 4hr candles. This is easy and simple enough. You can also trade his 6AM 4hr candle period right up to your local London market close time.
After London closed, the market liquidity is usually very thin for the USD majors and you can still scalp on M5, M15 for 10~20pips and into the next day Asian session, whichever you can handle mentally.
If you see there is potential for a market breakout and want to catch the range breakout, THV CaveManager has a good feature ... the Preceding TP.
When you have your TP set to say, 100pips and activate CM' Preceding TP set at say 30pips, CM will push your TP level for you when the market price reaches +70pips and move your TP to +130pips ... done in steps. At the same time, CM will move the Trailing Stop Loss TSL according to your other setting parameters.
Your job is to do your WTDA and find the best trade setups in realtime live markets. This is the tough part.
It is easy when you have more than 15 years trading experience in live market trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,187
- Apr 25, 2022 4:46pm Apr 25, 2022 4:46pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} thanks bigE had introduced this method, but i personally think, his system isn't complete, that's why many of us had failed so far. and Emmanuel complete the works which bigE was unfinish. Short Audusd @.7175
it is still works in progress ....
" Short Audusd @.7175 "
Daily DBHLC
HA Apr 26
- today entry setup would be SYD_2H range breakout to kick-off today' day trading
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,188
- Apr 25, 2022 4:56pm Apr 25, 2022 4:56pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} This is caused by two things I realized when I was reviewing: 1) not zooming out far enough and just looking at what was happening with the TDI > the is the risk of thinking simple is the same as easy. Still need to consider price action. 2) not trusting the 4H approach > trying M30 as a means to get in to a trade instead of trusting the more reliable 4H Take for instance the attached 4H chart for GU. Do you ignore the up cross in TDI and take a buy or do you wait for that to past then hop on to a down cross later on which would be more...
Most traders will fail because they do not have a Big Picture of the market and do not know the Market Type conditions to trade and make money.
GBPUSD Week 17 Apr 25 ... to end of month
It is Trawling time until ....
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,189
- Apr 25, 2022 5:28pm Apr 25, 2022 5:28pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,190
- Apr 25, 2022 5:49pm Apr 25, 2022 5:49pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} Although BigE would make entries on UNCONFIRMED reversals, that is very risky, as you found out. On that H2 TF that you posted, look at the swing low bar, then the first bar after it: That bar is still RED, which does not show much CONVICTION at turning up. Then look how small the following blue bar is. Just those two bars alone shows this is not likely a strong up move building. So, when you add the fact that there is not confirmation of a trend change, I would not be buying based on the H2 TF. IF, after seeing that first closed red bar...
hey Fake'Dr'Dave
Follow this thread's OP Post#1 and check every 10PM and 2AM 4hours and look for the best setups.
No need to make trading more complicated than it already is for newbies. No need for your TDA with IMT H2 TF ... its all crap bullshit.
Your TDA wit IMT thread is a failed system and you suffered a mental breakdown when your thread failed to attract any followers.
Let look at Big E eelfranz profile and compare your profile:
Big E 696 subscribers
Fake'Dr'Dave and his IMT academy ... 63 subscribers
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,191
- Apr 25, 2022 6:13pm Apr 25, 2022 6:13pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,192
- Apr 25, 2022 6:31pm Apr 25, 2022 6:31pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
AU Apr25 H1 Price Action
- I see a POP Gun ... a Inside Bar and follow with an Engulfing Outside Bar which is High-Low is higher than the Mother Bar' high and Low is lower than the Mother Bar' low
- and it is against the Daily price action and with BRN 0.7200 above
- no major calendar event this morning to move price
What do you see?
- I see a POP Gun ... a Inside Bar and follow with an Engulfing Outside Bar which is High-Low is higher than the Mother Bar' high and Low is lower than the Mother Bar' low
- and it is against the Daily price action and with BRN 0.7200 above
- no major calendar event this morning to move price
What do you see?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,193
- Edited 8:25pm Apr 25, 2022 8:10pm | Edited 8:25pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} Hi Kin78, That is what I think about the power of BigE's Trading Made Simple in hitting high accuracy. EU went in reversal and changed from uptrend to downtrend. But before that price consolidated. Your entry along with the TDI cross entry before that, were at the range low of the consolidation. So even in consolidation the trades would be in profit (as yours in >15pips in profit) In #647, Rejection is a Price Action element. When price retests previous high/low but the rejection is weak, for example, loses momentum and goes sideway, unable...
there are many way how traders see Post#647 on this charts.
your way is how newbie trader with less than 2 years trading experience sees the market.
Big E with his 15 years experience and he consider Post#647 to be basic 4x trading stuff.
You need to spend more time reading his old thread and learn more from Big E posts and also some of the older traders during his time.
I just glance at your chart and I see the same Price Action basic forex stuff with my trained chartist eyes.
Try harder! Never never give up. You trip and fall, get up and continue trying. It is a marathon not a sprint.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,194
- Apr 25, 2022 8:17pm Apr 25, 2022 8:17pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
AU Apr25 H1 Price Action - I see a POP Gun ... a Inside Bar and follow with an Engulfing Outside Bar which is High-Low is higher than the Mother Bar' high and Low is lower than the Mother Bar' low - and it is against the Daily price action and with BRN 0.7200 above - no major calendar event this morning to move price What do you see? {image}
AU Apr26 POP Gun
> just POP!
> sometimes when we least expected ... it POPs!
>>> there will be other times ... once you learn what a POP Gun setup is.
>>> see old POP Gun trades
https://www.forexfactory.com/thread/...8#post13640718
Here is some reading material.
Pop Gun is on page 24 attached.
click and download pdf { download }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,195
- Apr 25, 2022 8:24pm Apr 25, 2022 8:24pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} AU Apr26 POP Gun > just POP! > sometimes when we least expected ... it POPs! {image} >>> there will be other times ... once you learn what a POP Gun setup is. >>> see old POP Gun trades https://www.forexfactory.com/thread/...8#post13640718 Here is some reading material. Pop Gun is on page 24 attached. click and download pdf { download }
POP Gun setup posts
you have 148 poststo read and learn
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,196
- Apr 25, 2022 8:38pm Apr 25, 2022 8:38pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} Same for GU #647 determine bias then enter TDI green cross red. {image} {image} Trading Made Simple...
hey @tommydog aka @FakeTMSTrader and Teacher
- more of your newbie limitations
- learn develop some more chartist skills to read price charts
- every price candle ... Japanese candlestick, HeikenAshi candle, ... they all have their stories to tell
- you just follow one candle at a time and understand the story as it develops
> go home talk to your 63 years old father a retired IT professional, he trades HSI for his retirement expenses, he can teach you more .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,197
- Apr 25, 2022 9:05pm Apr 25, 2022 9:05pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
There are many ways to skin a cat, as many here try to interpret Big E' Post#647 and Price Action you may want to consider, one of the Three Powerful FOREX Price Patterns you can use with Post#647 Three Powerful FOREX Price Patterns click to > { download } Learn and observe when these price patterns occur, the Stoch and TDI will show 'good' angle. If you pick trade setups where both the Stoch and TDI' green RSI price line slopes are above 4.0, you...
UJ Apr25 H1 trade ... dynamic entry
- using one of the Three Powerful FOREX Price Patterns
- trade the Inside Bar setup with aggressive entry ... also know as the Dynamic Entry in TMS_V19
> CM trade management H1 chart
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,198
- Apr 25, 2022 11:57pm Apr 25, 2022 11:57pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #131,199
- Apr 26, 2022 12:22am Apr 26, 2022 12:22am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,200
- Apr 26, 2022 12:32am Apr 26, 2022 12:32am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
There are many ways to skin a cat, as many here try to interpret Big E' Post#647 and Price Action you may want to consider, one of the Three Powerful FOREX Price Patterns you can use with Post#647 Three Powerful FOREX Price Patterns click to > { download } Learn and observe when these price patterns occur, the Stoch and TDI will show 'good' angle. If you pick trade setups where both the Stoch and TDI' green RSI price line slopes are above 4.0,...
AU Apr26 H1 sell dynamic entry
- same price action ... toppisch PA and Insdie Bar consolidation and reversal candle
- dynamic H1 entry before candle close
- the rest of the work handle by THV CaveManager
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett