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Trading Made Simple

  • #131,661
  • May 5, 2022 6:28pm May 5, 2022 6:28pm
Quoting snakecharmer
{image} Closed{image}

Good trade!

Most of the more experienced TMS traders who did their Weekly Top Down Analysis WTDA would have that level 0.7425 identified as the WCC High as 'resistance' to sell

the WCC Low 0.7055 was the 'support' we would look for Price Action buy.

That WCC is also a WRB and with WRB analysis as a option of the WTDA, we have more confidence to pick our trade setups and also know where the value areas to entries and exits.

This week is exceptional , first there was RBA then FOMC drove the price up for the major sell-off. You see this in all USD majors.

Attached Image (click to enlarge)
Click to Enlarge Name: Au May05 H4 WRB analysis 6-5-2022 7-19-13 am.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,662
  • May 5, 2022 6:38pm May 5, 2022 6:38pm
Quoting emmanuel7788
{quote} EMBasket May05 H4 After buy trade got stopped out at +1R, I re-enter sell on the reversal {image} > will let the market decide when I will move my initial SL ... later
Attached Image (click to enlarge)
Click to Enlarge Name: EMBasket May05 H4 sell 5-5-2022 7-54-06 pm.png Size: 35 KB


{image}

EMBasket May06 Trade Update Sydney 9am

Trading the 4hr and the H4 has many benefits. You have plenty of time to do other things and still can manage your trades once every 4 hours.
Of course you can also trade the H1 every 4 hours which means you follow the Price Action of the H4 chart every 4 hours.

- a little slow moving but nevertheless in the right direction

- now I move my initial SL to Entry Price + to breakeven and a 'free trade'

- next thing to do is wait and see if price moves lower to TP2 level and again move TSL

Attached Image (click to enlarge)
Click to Enlarge Name: EMBasket May06 SYD trade update 6-5-2022 7-31-41 am.png Size: 32 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,663
  • May 5, 2022 7:26pm May 5, 2022 7:26pm
UJ May06 Tokyo Open

- H1 Bullish Engulfing Outside Bar / candle

- some may see that as a DBLHC double bars low higher close

> in either cases, you check your TMS chart template and confirm that with Stoch(8,3,3), and TDI#25 , and APB/HA candles and 5EMA Typical Price, Shift+2

> buy with % risk R as SL and Position Sizing

Attached Image (click to enlarge)
Click to Enlarge Name: UJ May06 H1 TOK Open 6-5-2022 8-23-57 am.png Size: 16 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,664
  • May 5, 2022 8:14pm May 5, 2022 8:14pm
Short Sgdjpy @ 94.08
  • #131,665
  • May 6, 2022 12:12pm May 6, 2022 12:12pm
Attached Image (click to enlarge)
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  • #131,666
  • May 6, 2022 12:18pm May 6, 2022 12:18pm
These are the trades for this week based only off the 4H chart and now closed. Only one open now.
Disregard the 0.01 lot that has been taken with another strategy.
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  • #131,667
  • May 6, 2022 7:47pm May 6, 2022 7:47pm
Quoting snakecharmer
Attached Image (click to enlarge)
Click to Enlarge Name: snakecharmer GU H4 post 7-5-2022 8-43-06 am.png Size: 22 KB

{image}

hey TMS Folks

I know from my reading and studying Big E' posts, he did not trade his 4hr on Fridays. He would not trade reversals on Fridays.
Only in certain market conditions as one of several exceptions, he would hold open position over the weekend. But this is very rare.

- note the overall Price Action from the beginning of this week and that FOMC candle
- note the timing of the H4 entry! has that candle closed?
- what is the market trend according to Big E' Post#647?
- why do new traders ignore Big E' Post#261?
- why do new traders use the HeikenAshi candles and not the Synergy APB/HA candles?

Attached Image (click to enlarge)
Click to Enlarge Name: snakecharmer GU H4 May06 near NYClose 7-5-2022 8-18-29 am.png Size: 117 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,668
  • May 6, 2022 8:20pm May 6, 2022 8:20pm
Quoting emmanuel7788
{quote} {image} US Markets May06 Sydney Open 9am - it was a great US session last night and I know many of you caught the correction which turned in another 'falling knife' - S&P 500 hit my 'prediction' 4105.25 almost... - it was least expected but happy to close with huge profits this week which surpass my month of May trade plan - today I can sideline myself and enjoy the day with some entertainment and relaxation > "Be greedy when others are fearful" - Warren Buffet {image}...

US Markets May06 New York Close 5pm

- Friday trading was follow through after the FOMC and interest rate.

- recession is imminent and very little anyone can do about it this time

- major economies will raise interest rates ... more volatility in the forex markets


Attached Image (click to enlarge)
Click to Enlarge Name: US Markets May06 New York Close 7-5-2022 9-10-20 am.png Size: 37 KB

- Lots of Fear and Greed in the coming weeks.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,669
  • Edited 8:50pm May 6, 2022 8:28pm | Edited 8:50pm
Quoting emmanuel7788
{quote} EMBasket May06 Trade Update Sydney 9am Trading the 4hr and the H4 has many benefits. You have plenty of time to do other things and still can manage your trades once every 4 hours. Of course you can also trade the H1 every 4 hours which means you follow the Price Action of the H4 chart every 4 hours. - a little slow moving but nevertheless in the right direction - now I move my initial SL to Entry Price + to breakeven and a 'free trade' - next thing to do is wait and see if price moves lower to TP2 level and again move TSL {image} ... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EMBasket May06 SYD trade update 6-5-2022 7-31-41 am.png Size: 32 KB



EMBasket May06 New York Close 5pm

- I moved and kept my SL at breakeven plus and fight the NFP

- next week trade management is easy... I wait and see if price closes below mt TP2 +2R level and move stop to +1R lock-in profit 1R

- then push TP to next level +3R and wait

- I see Weekly range widening


Attached Image (click to enlarge)
Click to Enlarge Name: EMBasket May06 NYClose 7-5-2022 9-22-09 am.png Size: 30 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,670
  • May 6, 2022 8:44pm May 6, 2022 8:44pm
Quoting emmanuel7788
{quote} USDollar H4 May04 - another pair ...WAITING status... {image}

USDollar May06 New York Close

- trading above the MN 12557 is a major significant move last week

- FOMC driven it higher to above 12692

- next week I buy with multiple targets above to the high of 12890 and possible new high 12955

Attached Image (click to enlarge)
Click to Enlarge Name: USDOLLAR May 06 NYClose 7-5-2022 9-36-06 am.png Size: 15 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,671
  • May 6, 2022 9:18pm May 6, 2022 9:18pm
Quoting havenoidea
Short Sgdjpy @ 94.08

SGDJPY May06 New York Close 5pm

- still sideways for few days as it made historical high

- Singapore regulator MAS very cautious with JPY reserves now as USD raised rates

- breaking above 94.50 I have some doubts now if it can happen, never know.

- anything can happen until the next FOMC

Attached Image (click to enlarge)
Click to Enlarge Name: SGDJPY May06 NYClose 7-5-2022 10-13-11 am.png Size: 19 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,672
  • May 7, 2022 7:35pm May 7, 2022 7:35pm
Trading with CFD brokers

- something looks familiar

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,673
  • May 8, 2022 11:13am May 8, 2022 11:13am
Quoting snakecharmer
{image}
Maybe you forgot about looking left as part of the entry criteria? The last 2 red bars are small with wicks on both ends = consolidation.

Also, if you look at just the bodies, look at how many bars are inside bars--more consolidation.

Your green bar has not yet closed, so unless you are planning on entering and managing a trade on a smaller TF, you jumped the gun. The 5-method calls for checking TDI green cross red at a bar CLOSE, not while the bar is still open. 4 hours is plenty of time for smaller TFs to go into an uptrend in a mere RALLY, and then turn back down for a down trend continuation. That can be an H4 bar that turns green as it moves up to a high then comes back down and closes as a red bar.
To free Gazans of Hamas, use whatever it takes.
  • #131,674
  • May 8, 2022 1:30pm May 8, 2022 1:30pm
Quoting DrDave
{quote} Maybe you forgot about looking left as part of the entry criteria? The last 2 red bars are small with wicks on both ends = consolidation. Also, if you look at just the bodies, look at how many bars are inside bars--more consolidation. Your green bar has not yet closed, so unless you are planning on entering and managing a trade on a smaller TF, you jumped the gun. The 5-method calls for checking TDI green cross red at a bar CLOSE, not while the bar is still open. 4 hours is plenty of time for smaller TFs to go into an uptrend in a mere RALLY,...
That's a good insight doc regarding the bars. THX
  • #131,675
  • Edited 7:24pm May 8, 2022 5:17pm | Edited 7:24pm
Quoting Fake'Dr'Dave
{quote} Maybe you forgot about looking left as part of the entry criteria? The last 2 red bars are small with wicks on both ends = consolidation. Also, if you look at just the bodies, look at how many bars are inside bars--more consolidation.

hey Fake'Dr'Dave

You are confused with other methods which is not Big E' 5-Method.

Big E' 5-Method uses Dean Malone' Synergy Average Price Bar APB

Chart 1 below
Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 Friday close APB 9-5-2022 6-08-37 am.png Size: 14 KB


the member snakecharmer ' GU H4 chart looks like the Heiken Ashi candles.

Chart 2
Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 Friday close HA candle 9-5-2022 6-07-31 am.png Size: 15 KB

Anyway, you post is hindsight more than 40 hours after the fact. See my post reply above #131,669 to TMS traders

https://www.forexfactory.com/thread/...1#post13993691
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,676
  • May 8, 2022 5:20pm May 8, 2022 5:20pm
Quoting snakecharmer
{quote} That's a good insight doc regarding the bars. THX

even with hindsight he got it wrong about the type of average price bar.

look at this Japanese candlestick chart

what is the Price Action prior to your entry candle?

Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 Friday close 9-5-2022 6-05-32 am.png Size: 15 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,677
  • Edited 7:23pm May 8, 2022 5:39pm | Edited 7:23pm
Quoting Fake'Dr'Dave
{quote} The 5-method calls for checking TDI green cross red at a bar CLOSE, not while the bar is still open. 4 hours is plenty of time for smaller TFs to go into an uptrend in a mere RALLY, and then turn back down for a down trend continuation. That can be an H4 bar that turns green as it moves up to a high then comes back down and closes as a red bar.
Fake'Dr'Dave

even with hindsight you got many things wrong.

1) Trading Made Simple Post#1

2) Post #261

3) Post #647

Attached Image (click to enlarge)
Click to Enlarge Name: snakecharmer GU H4 May06 near NYClose 7-5-2022 8-18-29 am.png Size: 117 KB


>>> Do you know anything about Big E' dynamic entry conditions?


Anyway, you post is hindsight more than 40 hours after the fact. See my post reply above #131,669 to TMS traders

https://www.forexfactory.com/thread/...1#post13993691
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,678
  • Edited 7:24pm May 8, 2022 5:51pm | Edited 7:24pm
[quote=Fake'Dr'Dave;13994183]{quote} . Also, if you look at just the bodies, look at how many bars are inside bars--more consolidation. quote]


more mistakes,

how many bars are inside bars?

Fake'Dr'Dave does not know what are Inside Bar candle

TMS 5-Method traders we look at the Price Bar chart for the Price Action Inside Bar not the APB or HA candles

Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 Friday close APB 9-5-2022 6-08-37 am.png Size: 14 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 Friday close HA candle 9-5-2022 6-07-31 am.png Size: 15 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,679
  • May 8, 2022 6:02pm May 8, 2022 6:02pm
Quoting emmanuel7788
UJ May06 Tokyo Open - H1 Bullish Engulfing Outside Bar / candle - some may see that as a DBLHC double bars low higher close > in either cases, you check your TMS chart template and confirm that with Stoch(8,3,3), and TDI#25 , and APB/HA candles and 5EMA Typical Price, Shift+2 > buy with % risk R as SL and Position Sizing {image}
UJ May06 H1 trades closed

- your will learn to observe that most BUEOB and DBLHC price action will be profitable trades

- it is about entries and exits

- you will get some losing trades but your winners are more than your losers.

- for entries I use TMS-II multi-lots entries and manage the exits using THV CaveManager with TP1, TP2 and TP3 , and Capital Protection feature.

- trade closed +20pips, +40pips and closed +14pips on the pull back.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ May06 H1 trades closed TMS 6-5-2022 5-20-40 pm.png Size: 13 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,680
  • May 8, 2022 6:10pm May 8, 2022 6:10pm
Quoting emmanuel7788
{quote} {image} US Markets May06 Sydney Open 9am - it was a great US session last night and I know many of you caught the correction which turned in another 'falling knife' - S&P 500 hit my 'prediction' 4105.25 almost... - it was least expected but happy to close with huge profits this week which surpass my month of May trade plan - today I can sideline myself and enjoy the day with some entertainment and relaxation > "Be greedy when others are fearful" - Warren Buffet {image}...

US Markets May 06 trade closed

- relatively an easy day to trade the follow through of the previous day sell off

- 3 setups , 4 entries x 4 exits and close the day with good money Big E' Post#7555

Attached Image (click to enlarge)
Click to Enlarge Name: US Markets trade closed May067-5-2022 7-51-17 am.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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