Disliked{quote} EURCAD Oct25 UPDATE - H4 is now in consolidation 13500 - this is an opportunity and we wait - the Weekly remains the same until this Friday New York 5pm Close and we do the update of the Market Type condition - until then, we are in Sideways Ranging Market Type#2 for TMS MEME traders {image} ...Ignored
- #134,903
- Oct 25, 2022 12:05am Oct 25, 2022 12:05am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Hi Nagarrazu, Thanks for your sharing. If you read and study BigE's posts, you would notice his trading approach is reacting to the market movement. Have you already entered Sell positions at the time of posting your charts last week? Use the Price Action from #647 and follow the TDI signals. I see you like using channels / trend lines. That is something you can use to define price levels on top of BigE's Prev Highs/ Lows. If I were you I would wait for price to move away from the price levels to enter trade, especially for reversals. Entries...
Price coming back to retest Prev. High. 1.357 range high consolidation.
One TMS Price Action from #647 is fulfilled. Rejection is the next to look
- #134,904
- Oct 25, 2022 12:36am Oct 25, 2022 12:36am
{quote} {image} Price coming back to retest Prev. High. 1.357 range high consolidation. One TMS Price Action from #647 is fulfilled. Rejection is the next to look {image} {image}
And here is the chart it sows the week current high
- #134,905
- Oct 25, 2022 1:11am Oct 25, 2022 1:11am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} some traders use the ADR indicator which Big E shared. I see potential for both target and reversal levels, my target is 60% of the Weekly Range, its simpler that those many other levels. nothing is holy grail... when it goes wrong just get the hell out and protect your profit and capital {image} ...
EURCAD Oct 25 GMT0600 Pacific 11PM
- still within the Pacific 4hr 10PM Big E' trading hour
- Post#647 H4 big candle and 3 small candles ... aka Master Candle its CONSOLIDATION
- Post#647 do not trade when near consolidation or in consolidation
- Daily 'indecision' BRN @13500
- if your are 4H swing trader you have nothing to do now
- but if you are a scalper you have to rely on Price Action is king and be a sniper type trader ... 'one shot one kill'
- but if you are the TMS MEME type trader you can be be trawling in this Market Type#2 condition
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #134,906
- Oct 25, 2022 1:57am Oct 25, 2022 1:57am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #134,907
- Oct 25, 2022 2:39am Oct 25, 2022 2:39am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Apply Post#647 to entry.
- #134,908
- Oct 25, 2022 3:11am Oct 25, 2022 3:11am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Apply Post#647 to entry. {image}
Big E' Trading Made Simple 5-Method
>>> Click and read One, Two and Three
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #134,909
- Oct 25, 2022 3:30am Oct 25, 2022 3:30am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
a normal average person having read all of the OP' posts and traded for 6 years would know what is Trading Made Simple 5-Method
XAUUSD H4 Oct 25 London 9am Pacific 1am
- there is no trade since Sunday NY Open 5pm following One, Two and Three
> go look at other pairs for best setups
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #134,910
- Oct 25, 2022 3:57am Oct 25, 2022 3:57am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} EURCAD Oct 25 GMT0600 Pacific 11PM - still within the Pacific 4hr 10PM Big E' trading hour - Post#647 H4 big candle and 3 small candles ... aka Master Candle its CONSOLIDATION - Post#647 do not trade when near consolidation or in consolidation - Daily 'indecision' BRN @13500 - if your are 4H swing trader you have nothing to do now - but if you are a scalper you have to rely on Price Action is king and be a sniper type trader ... 'one shot one kill' - but if you are the TMS MEME type trader you can be be trawling in this Market Type#2 condition...
EURCAD Oct25 London 9:55am
- I am waiting ... another 5minutes
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #134,911
- Oct 25, 2022 4:05am Oct 25, 2022 4:05am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #134,913
- Oct 25, 2022 4:29am Oct 25, 2022 4:29am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Have noticed that you analyze my chart in a hindsight record breaking time of 19 minutes.
- #134,914
- Oct 25, 2022 5:58am Oct 25, 2022 5:58am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #134,915
- Oct 25, 2022 8:40am Oct 25, 2022 8:40am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Been looking at this green bar for about 55 minutes.
Yesterday the same, 13 Oktober, 13 /15 September. Every other day like n clock ticking
It is not news, not some disaster, not the war in Ukraine.
Some bank that put in a big order?
What cause such a move?
Yesterday the same, 13 Oktober, 13 /15 September. Every other day like n clock ticking
It is not news, not some disaster, not the war in Ukraine.
Some bank that put in a big order?
What cause such a move?
- #134,916
- Oct 25, 2022 8:58am Oct 25, 2022 8:58am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} {image} Price coming back to retest Prev. High. 1.357 range high consolidation. One TMS Price Action from #647 is fulfilled. Rejection is the next to look {image} {image}
Trading BigE’s Trading Made Simple
Use the Price Action from #647 and then TDI signals
previous high was retested
TMS trading is reacting to the price movement. For example, rejection.
If price moves up and break prev H forming a higher high, there is no rejection. No sell opportunity.
If price rejected from previous high, it can go down strong as a clean pull back. Sell and hit TP in no time
But it also can be rejected from prev high but lose momentum and form a transitional consolidation. Price eventually will break down or up. If it breaks down TP will be hit. If it breaks up, you can lose the trade or hit BE+
EC is the last scenario. But there were 14 hours when the trade is in profit zone. There is plenty of time and opportunities to trail the SL to BE+
out of 4 scenarios, 2 wins. 1 BE/loss, 1 passed. That is how BigE’s TMS can get high win rate.
- #134,917
- Oct 25, 2022 9:43am Oct 25, 2022 9:43am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #134,919
- Oct 25, 2022 9:48am Oct 25, 2022 9:48am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
- #134,920
- Oct 25, 2022 9:52am Oct 25, 2022 9:52am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C