Disliked{quote} TMS MEME Week29 July 11 to July 15: - what will the market do this week? make any guess you want. - all I care about is the Market Type which I see on my Weekly charts. - I know the Monthly swing levels which I look for my buy and sell trades. - on my Daily I excute my buy and sell and I have my Dynamic Cut-Loss when things go wrong, I get out. - I have no FEAR because I know from my past performance and I have confidence with TMS MEME. Past Performance Jul 10 2015: - started with $50,000 KEDGE account money - you can start with minimum...Ignored
- #132,742
- Jul 10, 2022 7:14pm Jul 10, 2022 7:14pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
To reply a few PMs on why I prefer to trade the Daily chart timeframe and it is so boring.
The OP Big E did not like trading the Daily. Why?
His post#302
<>
I guess what I don't like about the Dailys they have big pull back often and on a Daily chart that is a lot of pips... and as always I hate giving 1 pip back to my broker...
I'll do more research on it... Thanks...
<>
Q. What I do when I trade the Daily?
- on the Daily, you can trade reversals and continuation when there is already a reversal and you are in an established trend/swing.
- pick trades only when the Weekly is not sideways narrow ranged. You see this price action easily on Weekly chart timeframe.
- this is medium term swing trading and can run for days into weeks
- when the market stops trending it usually goes sideways where you can possibly breakeven before the market decides on its next move
- when trading the Daily swings, use TMS MEME and CashFlow
model.
- remember you are trading the Daily' Average Price Bar APB/HA, therefore use the best Average Entry Price AEP in TMS MEME
Q. boring???
- no it not boring because you have lots of other things in life which require more of your time
- I have other better things to do while I let my trade manager EAs do the many trading tasks for me when I am not login to my VPS trade server.
- do you think Starbucks' business is boring?
> it cannot be boring when you see the market' money in your bank account.
Kumo... No problem buddy... I guess what I don't like about the Dailys they have big pull back often and on a Daily chart that is a lot of pips... and as always I hate giving 1 pip back to my broker... I'll do more research on it... Thanks...
The OP Big E did not like trading the Daily. Why?
His post#302
<>
I guess what I don't like about the Dailys they have big pull back often and on a Daily chart that is a lot of pips... and as always I hate giving 1 pip back to my broker...
I'll do more research on it... Thanks...
<>
Q. What I do when I trade the Daily?
- on the Daily, you can trade reversals and continuation when there is already a reversal and you are in an established trend/swing.
- pick trades only when the Weekly is not sideways narrow ranged. You see this price action easily on Weekly chart timeframe.
- this is medium term swing trading and can run for days into weeks
- when the market stops trending it usually goes sideways where you can possibly breakeven before the market decides on its next move
- when trading the Daily swings, use TMS MEME and CashFlow
model.- remember you are trading the Daily' Average Price Bar APB/HA, therefore use the best Average Entry Price AEP in TMS MEME
Q. boring???
- no it not boring because you have lots of other things in life which require more of your time
- I have other better things to do while I let my trade manager EAs do the many trading tasks for me when I am not login to my VPS trade server.
- do you think Starbucks' business is boring?
> it cannot be boring when you see the market' money in your bank account.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,743
- Jul 10, 2022 7:27pm Jul 10, 2022 7:27pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,744
- Jul 10, 2022 7:48pm Jul 10, 2022 7:48pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} by market type you mean continuation or reversal?
- what does the Market Type look like to you?
using TMS_V19 information EA expert advisor
OR
you can use my Big Picture Planning approach,
> I know where I want to buy and sell and where I want to place my risk 'R' for TMS MEME and use AEP and Position Sizing
> and I know where I want to have my final target
> I can see multi-timeframes too using my pipware charts, no Stoch, no TDI, .... just the plain old 5-Method with price bars/candles, APB/HA candles and 5-EMA.
> on my H1, I have the same with BN price levels and 50EMA and 200EMA to see the visual herd of day traders with moving averages.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,745
- Jul 10, 2022 8:01pm Jul 10, 2022 8:01pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
I switched over to normal candles AND saw the pin on the G/U Daily. Unfortunately it's still climbing and the TDI & Stochs are flat... worth watching but not ready to trade yet.
Interesting to read and know that the OP checks his normal candle ... the Japanese candlesticks. He said pin (bearish pin bar ...'shooting star') and 'unfortunately' that 'shooting star in a bullish trend/swing...
Today I see a Daily Pin Bar 'hammer' EurUsd too!
> shooting star and hammer ... got to Strat and journey though Strat' THE PATH
>>> Here:
https://www.forexfactory.com/thread/...s-free-trading
and
here
https://web.archive.org/web/20120603...shooting_stars
> You wont regret starting at Strat' THE PATH because that was where I started at Forex Factory and that is one of my foundation of Price Action Support/Resistance trading. With Strat, you get to learn about trading DISCIPLINE too.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,746
- Jul 10, 2022 8:25pm Jul 10, 2022 8:25pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} look at AU H4 July 11 at Tokyo Open - what does the Market Type look like to you? using TMS_V19 information EA expert advisor {image} OR you can use my Big Picture Planning approach, > I know where I want to buy and sell and where I want to place my risk 'R' for TMS MEME and use AEP and Position Sizing > and I know where I want to have my final target {image} > I can see multi-timeframes too using my pipware charts, no Stoch, no TDI, .... just the plain old 5-Method with price bars/candles, APB/HA candles and 5-EMA. > on my H1, I have the...
AU Jul 11 M5 signal Tokyo 10:20am
- TDI crossed Up and crosses Down ...
pick which one?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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Cut your losses. Cut your losses. Then maybe you have a chance
- #132,749
- Jul 11, 2022 12:10pm Jul 11, 2022 12:10pm
{quote} AU Jul 11 M5 signal Tokyo 10:20am - TDI crossed Up and crosses Down ...
you are using a daily M-candle indicator that does not show the current M-candle, (M candle 0 does not show on your chart) , please share.
- #132,750
- Jul 11, 2022 12:57pm Jul 11, 2022 12:57pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} This post is intended to address the follow up question from a PM message. Just use 1 element from BigE's #647. Highs and Lows Let use a losing trader's example to illustrate BigE's TMS {image} Step 1 {image} Step 2 {image} Finally TDI green cross red signals {image} Outcome with 9 positions 6 TP 2 BE+ 1 SL {image} BigE's #117 {image}
Sell the trend. Buy scalp upon rejection at previous L.
Higher Low formation with divergence. SL last L, TP range high.
- #132,753
- Jul 11, 2022 6:26pm Jul 11, 2022 6:26pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
NASDAQ E-Mini Futures Jul11 2022
- New York late session
- nice m1m2m3 setup
- low risk trading idea Risk:Reward 1:3
- New York late session
- nice m1m2m3 setup
- low risk trading idea Risk:Reward 1:3
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,754
- Jul 11, 2022 6:37pm Jul 11, 2022 6:37pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
NASDAQ E-Mini Futures Jul11 2022 - New York late session - nice m1m2m3 setup - low risk trading idea Risk:Reward 1:3 {image}
NASDAQ E-Mini Futures Jul11 New York Opening hours
- a fast and furious opening
- an a nice m2m3m5 setup
- low risk trading idea with good R:R 1:3ish+
- two trades, two kill...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,755
- Jul 11, 2022 7:22pm Jul 11, 2022 7:22pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} AU Jul 11 M5 signal Tokyo 10:20am - TDI crossed Up and crosses Down ...
{image}
- market type is sideways with Daily Inside Bar and Master Candle formed when last Friday Jul08 closed
- pick the 3-amigos (AU, EU and GU) pair that has potential to move
- technical analysis for our trade setup, market fundamental for the dollar strength and market sentiments inflation fears
- M5 signal after the HTF setup, trade with low risk trading idea and good positive Risk:Reward
- TP at the RN 0.6750
- there were short moments of price pause at BRN and previous lows seen to the left ... follow Mental Strategy rules
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,756
- Jul 11, 2022 7:30pm Jul 11, 2022 7:30pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} AU July 11 Trade closed - market type is sideways with Daily Inside Bar and Master Candle formed when last Friday Jul08 closed - pick the 3-amigos (AU, EU and GU) pair that has potential to move - technical analysis for our trade setup, market fundamental for the dollar strength and market sentiments inflation fears - M5 signal after the HTF setup, trade with low risk trading idea and good positive Risk:Reward - TP at the RN 0.6750 - there were short moments of price pause at BRN and previous lows seen to the left ... follow Mental Strategy...
>>> - market type is sideways with Daily Inside Bar and Master Candle formed when last Friday Jul08
when trading in CONSOLIDATION sideways market type seen on Daily, look for the low timeframe Price Action flow with 50EMA and 200EMA ... aka Natural Flow of the Market ( Big E' old thread)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,757
- Jul 11, 2022 7:40pm Jul 11, 2022 7:40pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
GU Jul12 M15 Tokyo session
- I see and I know what you are thinking ...
- Price Action is Price Action ...
> You have FEAR! I know that FEAR you have.
- I see and I know what you are thinking ...
- Price Action is Price Action ...
> You have FEAR! I know that FEAR you have.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,758
- Jul 11, 2022 7:52pm Jul 11, 2022 7:52pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} NASDAQ E-Mini Futures Jul11 New York Opening hours - a fast and furious opening - an a nice m2m3m5 setup - low risk trading idea with good R:R 1:3ish+ {image} - two trades, two kill... {image}
NASDAQ Jul 12
- 'early bird special'
-
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,759
- Jul 11, 2022 8:55pm Jul 11, 2022 8:55pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Euro to hit parity soon ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #132,760
- Jul 11, 2022 8:59pm Jul 11, 2022 8:59pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} NASDAQ E-Mini Futures Jul11 New York Opening hours - a fast and furious opening - an a nice m2m3m5 setup - low risk trading idea with good R:R 1:3ish+ {image} - two trades, two kill... {image}
Good you have finally opened a free trial account. Practice more then you can start the challenge, pretty cheap entry fee.
And you can stop telling lies. You are making yourself look stupid to others.
Like when you said you passed challenge (>Here<)
And "double" the account. (>Here<)
It is listed on the website about what symbols are available for trading.
https://ftmo.com/en/symbols-trading-updates/
It is easy to mark hindsight trades on chart that you did not trade.
Trade well