USDCHF DAILY NO MORE THAN IDEA {image} {image}
HI All, New to the thread/system (posted once before). But have looked at it in the past. have been using a system that really didnt fit my style so have decided to stop forcing it. Im generally a break even trader for past year, but previously was a net loss kinda guy. Anyway, my question is this. When trading this system what timeframe do you all feel its best suited to? I have gone over charts from all timeframes and can see benefit (and downside) to all of them. I had previously been trading the 5m chart, but doing a bit of demo on this i think...
{quote} I am happy to see you are finally learning BigE's Trading Made Simple But you need a lot more effort in understanding BigE's posts and apply to trading like what I have been doing. Besides #647, BigE also mentioned how Highs and Lows being a powerful PA tool in TMS. The ONLY discretion I exercised was whether I thought the PA was choppy. If so, I passed on the trade. One time I also decided I was near strong resistance, and I passed on the trade. Apart from your risk management, you should really focus on your own trading. Trade Well. {image}...
{quote} I am happy to see you are finally learning BigE's Trading Made Simple But you need a lot more effort in understanding BigE's posts and apply to trading like what I have been doing. Besides #647, BigE also mentioned how Highs and Lows being a powerful PA tool in TMS. The ONLY discretion I exercised was whether I thought the PA was choppy. If so, I passed on the trade. One time I also decided I was near strong resistance, and I passed on the trade. Apart from your risk management, you should really focus on your own trading. Trade Well. {image}...
model from the Lotto and Insurance models.{quote} I am keen to try the MEME. Guess exit/SL strategy will work different for different pairs, based on volatility etc. Interesting post by RH (though he suggested using 3-part entries more than once before): https://www.forexfactory.com/thread/...1#post13860131 Trailing SL still running on GU 4H: {image}
{quote} Good you are learning BigE's Trading Made Simple finally. Very nice seeing you are interested in my trades. But your analysis is just crap. Go and read BigE's posts on how the highs and lows are to be analyzed in TMS trade setups. Follow #647 for basic Price Action. You are complicating the simple trade setups. Really a waste of time when TMS can do it. Trade well. {image} {image}
....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. I post a lot of training charts to drive it into your brains what...
{quote} Post#1 "Hope and Pray" 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....
{quote} Overnight AU buy hit TP. Another 10 second analysis, just follow the simple rules of BigE’s TMS. {image}{image}{image}{image}
{quote} Post#1 "Hope and Pray" 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....
{quote} You can see from his "risk management" of splitting his funds into multiple kedge accounts that he is essentially playing the gambler's game, using Hope&Pray that he will hit the "jackpot" with one of the kedge accounts before all of the others go bust. LOL. If he had a sound trading plan with sound risk management, there would be no need to split an account into multiple small units, and there would be the benefit of all of the equity in that large account to trade with at once. Despite his repeated claims of averaging $1000 winnings per...
{quote} Thought process behind 2 Buys on AU. {image} {image}{image}
{quote} Hi Emmenual, Good I can see you are finally getting the glimpse of BigE's posts. Thank you for your interest in my winning trades. My analysis is simply following BigE's TMS, spending little time to analyze and identify high probability setups. But my advice to you is to work up your trading. Your trading depends on Hope and Prey. This way you cannot achieve consistency at all in long run. Years of losing and blowing accounts does not make you a good trader, sad but true. Good luck, you will need a lot of it. {image}{image}{image}
US30 Jul05 H1 Tokyo 1:00pm - nice price action with H1 candle lower high lower low + momentum - we have farther left previous swing highs 'support" - and we face FO and LO during this 4 hour period {image} Weekly Big Picture: > lots of room down to WCC Low and 200EMA
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