Enjoy
MA provides the market's current direction and strength.
- #132,124
- Jun 6, 2022 7:29pm Jun 6, 2022 7:29pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Hi Emmanuel SP500 but in 15m time frame Moving average crossover (I am not sure how to use RSI) {image}
hi Jazz
That's a good m15 price action trade.
Use the RSI to see the price MOMENTUM for entry.
You may want to study and learn how to use the RSI by Andrew Cardwell and John Hayden. There are some materials shared in this thread.
RSI: The Complete Guide by John Hayden click to [download]
Trend Determination using the RSI (TDI)click to [download]
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,125
- Jun 6, 2022 7:38pm Jun 6, 2022 7:38pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Enjoy {image}
Nice! Very good trade.
your chart reminds me of Big E' post where he mentioned 'good air' when he sees two lines widening, while other traders will simply say 'more daylight' when the MAs are opening up
and also remind me of Big E' 21/233 Method in which he removed all Guppy's MMA except two and he changed the remaining MAs to follow Joe Dinapoli's displaced moving average DMA approach.
By the way, how is your FTMO account trading so far?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,126
- Jun 6, 2022 7:46pm Jun 6, 2022 7:46pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
US Markets Jun07 Daily
- Tokyo open sell S&P500 and NAS100
> Follow Daily candle price action
- Tokyo open sell S&P500 and NAS100
> Follow Daily candle price action
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,127
- Jun 6, 2022 8:12pm Jun 6, 2022 8:12pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,128
- Jun 6, 2022 8:14pm Jun 6, 2022 8:14pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} TMS_V19 Common Problem: You did not install the TMS_V19 EA correctly and most probably missing file(s). Make sure you have the correct files and filenames in your MT4 folders. Read these posts: https://www.forexfactory.com/thread/...2#post12859772 https://www.forexfactory.com/thread/...6#post12977086 > Do not use the defaults. > You need to use your own settings according to the trade setup conditions and to get the alerts. Start with the setup conditions in Big E' Post#261...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,129
- Jun 6, 2022 8:15pm Jun 6, 2022 8:15pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
EURUSD Week 23 Jun06 to Jun10 TMS_V19 Information EA Weekly -sideways as shown in Trend 2/8 - PA is 'trapped; within the MAs - also the Weekly Control Candle WCC week(2) THE PATH by strat > {here} Daily - we see a swing high and swing low near the WCC High - I look for sell using WCC High as resistance - but wait for the A+++ setup and trade TMS MEME (2015-2017) H4 - we see the fractals swing high and swing...
> use risk management and Position Sizing
> know where your SL is
> use multiple entries to build up position in the market
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,132
- Jun 7, 2022 4:02am Jun 7, 2022 4:02am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
US Markets Jun07 Daily - Tokyo open sell S&P500 and NAS100 > Follow Daily candle price action {image}
US Markets Jun07 M30
waiting for a possible failure ... then look for short setups, no setup no trade...
Jun 07 London 10am
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,133
- Jun 7, 2022 5:02am Jun 7, 2022 5:02am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} US Markets Jun07 M30 waiting for a possible failure ... then look for short setups, no setup no trade... Jun 07 London 10am {image}
US Markets Jun 07 London 11:00am
- my favourite 3 pick
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,135
- Jun 7, 2022 5:46am Jun 7, 2022 5:46am
{quote} hi Jazz That's a good m15 price action trade.
Thanks
It will take me some time to read RSI: The Complete Guide (big book)
I will start reading it as soon as passable
Listen & Analyze....
- #132,136
- Jun 7, 2022 6:19am Jun 7, 2022 6:19am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} US Markets Jun 07 London 11:00am - my favourite 3 pick
{image}
US Markets Jun 07 London 12:30PM
- NICE
falling knife type of trades
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,137
- Jun 7, 2022 10:47am Jun 7, 2022 10:47am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Some elaboration on "there are many trade management strategies to work with to exit with small gain/loss/BE before price dropped again." BigE's Trading Made Simple is heavily focused on entry accuracy. i.e. achieve 85% win rate. The outcome is open positions go to profit zone / BE with very high probability even if the price eventually does not reach initial TP and hit the initial SL. Giving traders room to exit the trade with small profit instead of small / full loss. USDCHF Sell as an example. {image} {image}
#647 Simple Price Action: Highs and Lows.
TDI cross signals at entry timeframe.
- #132,138
- Jun 7, 2022 7:24pm Jun 7, 2022 7:24pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
of course, not all the trades are profitable Currently I am looking for complete terms to sale the SP500 especially it broke the yesterday low price {image}
you need to condition yourself for this and develop your mental edge. I spend a lot of my time since 2011 on mental strategies.
when trading the lower TF like M15, you will have to do a lot more trades and get better than 60:40 winners/losers
reason why Big E started this thread is to help trader learn to trade the higher TFs H4, Daily and Weekly.
Ari Kiev wrote a very good book "The Mental Strategies of TOP TRADERS.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,139
- Jun 7, 2022 7:27pm Jun 7, 2022 7:27pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} US Markets Jun 07 London 12:30PM - NICE
{image}
catching that setup requires knowing what to look for and waiting for that to happen.
added some money to my this week's target of $5000. { link }
one small loser 8 winners
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,140
- Jun 7, 2022 7:35pm Jun 7, 2022 7:35pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
US Markets Jun07 Daily - Tokyo open sell S&P500 and NAS100 > Follow Daily candle price action {image}
US Markets Jun 07 review
- New York 9:30am M30 opening candle
- after that it was just one-direction
- but it was my usual bedtime so missed this nice one-direction move
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett