Disliked{quote} Personally, I would not enter a sell on H1 because I make only continuation entries after a retracement. As you can see clearly, that is not a sell continuation. That occurred on M1 during the swing high bar BEFORE the red bar on H1. However, there MIGHT be a sell continuation coming; have to see what happens with the up swing that is running on M15 right now.Ignored
- #131,622
- May 4, 2022 9:00am May 4, 2022 9:00am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Last trade for the day. Some thoughts on this trade, I took this short because I saw a rejection on the left from the last high. And all the other indicator signals positive. {image} And the usual outcome {image} And now the daily emotional damage. {image} There are always things to learn and here are some of my lessons learned regarding this strategy: -For all the newbies like me, I believe, that this is not and I highlight NOT a simple trading strategy. It's not. It's definitely one of the most difficult and unpredictable strategies that I have...
So I am asking you how can a chart like this one below help you?
The only rules I
> Refresh chart
> Is TDI Green still crossing TDI Red
> Is TDI green angle above 2 / below 4
> Does Stoch confirm direction of TDI Green
Is the crossover still valid?
> Apply Post#647 to your understanding
Is the crossover still valid?
> Place the trade or not.
- #131,625
- May 4, 2022 4:10pm May 4, 2022 4:10pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} EM Basket May04 H4 10PM PDT - how many Rs? - we never know now - we had 3R and 1R before,
{image}
17 hours ago...
EMBasket May05 Trade Update:
- thanks to FOMC, it took off
- missed TP2 2Rs
> now the trade decision is to lock profits
> how much are you willing to give up for maximum profits?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,626
- May 4, 2022 4:28pm May 4, 2022 4:28pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,627
- May 4, 2022 4:50pm May 4, 2022 4:50pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} GJ May04 H1 NYO - this one good for 20 pips
{image}
GJ May04 H1 NYO POMO
- was that easy 20pips?
- it depends on you as the trader , what you know and what you see
> when you trade in narrow range market conditions, as what X-man and LE1 said: "Price Action is king"
> Big E was X-Man' and LE1 teacher they were his best students during Big E' time. Learn from them too.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,628
- May 4, 2022 5:00pm May 4, 2022 5:00pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} 17 hours ago... EMBasket May05 Trade Update: - thanks to FOMC, it took off - missed TP2 2Rs > now the trade decision is to lock profits > how much are you willing to give up for maximum profits? {image} {image}
EMBasket May05 Trade Management
- using R and R-Multiple trade management
> with +1R locked, I move my trailing SL to TP1 level
> now I push my TP to TP3 level to target a 3R trade
> I'll let the market decide while is look for other trade opportunities
> I know some traders would breakeven their trade at EP+ and be happy too
> but this is giving up too much the market already gave you.
> its up to you!
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} I am not from this thread. you may choose to ignore/refuse to answer my question Hmmmm. I must have missed something, because other than perhaps SUBSCRIBING to a thread, I did not realize that: 1. anyone "belongs" to any thread and 2. there are any "rules" about answering/not answering a question. Anyway, it was established about 10 YEARS ago that this is the thread for daily laughs where anyone can post ANYTHING that he feels like. So post away!!
Thank you Fake-drDave
oh yes thread is open for outsiders so we can visit this thread and can laugh at you 
and your posts.I've a question, and you may refuse to reply or ignore it: why do you call yourself Dr. Dave? you may be a doctor but what does it have to do with forex trading? and Why the people call you a Fake-DrDave?
- #131,631
- May 4, 2022 5:27pm May 4, 2022 5:27pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Last trade for the day. Some thoughts on this trade, I took this short because I saw a rejection on the left from the last high. And all the other indicator signals positive. {image} ///.
"Last trade for the day. Some thoughts on this trade, I took this short because I saw a rejection on the left from the last high"
Hey TMS Folks,
Here is where most rookie traders make that same mistake over and over again.
A price test of a recent high is not a rejection. You learn that from @tommydoginti another fake TMS trader and fake teacher with less than 2 years trading experience.
To see a market rejection of a most recent previous price action PPA, you need to see basic price action - first there must be the True REVESAL and then followed with a new lower low and lower high price structure. Follow Big E old post and learn the Natural Flow of the Forex Market aka NFF by Craig Harris. Lots of old tutorial videos in the old thread.
Here are my comments:
> what you do not see on that chart is the other market opening and closing hour
the London - New York overlap hours has many dangers lurking, one is the NYSE 8:30am opening and this is every day... Monday to Friday.
> what you did not do is to check the calendar for major news and events.... pre FOMC trading requires some luck.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,632
- May 4, 2022 5:44pm May 4, 2022 5:44pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
EJ May05 H1 Tokyo 9:42am
- is the H1 swing high confirmed?
> if you see and think YES! you failed!
> you still have not learn Big E' NFF and have not learned his 5-Method.
...
- is the H1 swing high confirmed?
> if you see and think YES! you failed!
> you still have not learn Big E' NFF and have not learned his 5-Method.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,633
- May 4, 2022 5:58pm May 4, 2022 5:58pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Last trade for the day. Some thoughts on this trade, I took this short because I saw a rejection on the left from the last high. And all the other indicator signals positive. {image} And the usual outcome {image} And now the daily emotional damage. {image} There are always things to learn and here are some of my lessons learned regarding this strategy: -For all the newbies like me, I believe, that this is not and I highlight NOT a simple trading strategy. It's not. It's definitely one of the most difficult and unpredictable strategies that I have...
A picture is worth one thousand words { here )
Good points 1,2 and 3.
but with only a few trades, you cannot come to a good conclusion. Like I said, do 1,000 trades and fine tuned along the way.Indeed, Big E did leave a VOID. { here }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,634
- May 4, 2022 6:02pm May 4, 2022 6:02pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
EJ May05 H1 Tokyo 9:42am - is the H1 swing high confirmed? > if you see and think YES! you failed! {image} > you still have not learn Big E' NFF and have not learned his 5-Method. ..
.
EJ May05 H1 swing high is confirmed at Tokyo 10am open
> you just have to wait for the H1 bar/candle to close and the next bar/candle opens.
> do you see the FOMC bar/candle?
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,635
- May 4, 2022 6:24pm May 4, 2022 6:24pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,636
- May 4, 2022 6:39pm May 4, 2022 6:39pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
US Markets London 11am - preparing for FOMC
{image}
> too much risk day trading the FOMC especially when it is my bedtime
> I closed all day trades before FOMC and sleep soundly
> surviving FOMC is for medium to long term swing traders with deep pockets
>>> If you follow Big E Post#557 and Post#7555,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,637
- May 4, 2022 9:33pm May 4, 2022 9:33pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
////I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific....
I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step.
It is now London 5:30m ,
another 30mins we will see the PDT 10PM 4hr new candle,
Can you trade the next 4 hours on your H1 charts?
Example UJ H1 London 5:30am
- what setup are you looking for?
- do you see the FOMC candle?
>>> your thoughts please,
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,638
- May 4, 2022 10:04pm May 4, 2022 10:04pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} Post#281 Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts. {quote} Post#1 I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips...
London 6am Pacific 10PM
- nothing on H4 and H1
> now what?
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #131,639
- May 4, 2022 10:06pm May 4, 2022 10:06pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
It is Frankfurt 7am
this post will trigger Fake'Dr'Dave nerve and he will suffer another mental meltdown.
S&P500 closed trades May04 pre-session/FOMC
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
