Summery of all Vincent's lip flapping this morning > Consolidation Keep it simple!!!!! {image}
@Tekkies
and even with your hindsight analysis
you missed this!
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #136,181
- Nov 18, 2022 12:06am Nov 18, 2022 12:06am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
@Tekkies
and even with your hindsight analysis
you missed this!
...
- #136,182
- Nov 18, 2022 12:10am Nov 18, 2022 12:10am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #136,183
- Nov 18, 2022 12:12am Nov 18, 2022 12:12am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Summary of all Vincent's posts this morning about read this, do that, follow it > Consolidation
- #136,184
- Nov 18, 2022 12:16am Nov 18, 2022 12:16am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
Summary of all Vincent's posts this morning about read this, do that, follow it > Consolidation {image}
@Tekkies
even with your 8 hours hindsight analysis you missed seeing the overal picture of the market
try this again!
before FO and LO candles, and we are still in the Pacific 10PM 4hr trade window Post#1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #136,185
- Nov 18, 2022 12:21am Nov 18, 2022 12:21am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #136,186
- Nov 18, 2022 12:28am Nov 18, 2022 12:28am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
Summary of all Vincent's posts this morning about read this, do that, follow it > Consolidation {image}
@Tekkies
Keep It Simple: Look at H4 high-low
Can you see a H4 Big Candle?
Can you see 3 H4 Small Candles?
This is an example of Post#647 Price Action ... CONSOLIDATION....aka H4 Master Candle
How do you trade a H4 Master Candle?
I have my price alert set at @1767ish if the market test the H4 MC high.
Otherwise, I trade the FO LO candle range.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #136,187
- Nov 18, 2022 12:38am Nov 18, 2022 12:38am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} @Tekkies even with your 8 hours hindsight analysis you missed seeing the overal picture of the market try this again! before FO and LO candles, and we are still in the Pacific 10PM 4hr trade window Post#1 {image}
Please post H4 as well.
- #136,188
- Nov 18, 2022 12:45am Nov 18, 2022 12:45am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
{quote} One nice consolidation. {image}
just did above!
> and don't forget the Asian Tokyo channel... its there too!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #136,189
- Nov 18, 2022 12:52am Nov 18, 2022 12:52am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
{quote} “I started the week with a big box of patience. The box is empty now.” - Anonymous. Cheers.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #136,191
- Nov 18, 2022 1:05am Nov 18, 2022 1:05am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} @Tekkies Keep It Simple: Look at H4 high-low Can you see a H4 Big Candle? Can you see 3 H4 Small Candles? This is an example of Post#647 Price Action ... CONSOLIDATION....aka H4 Master Candle How do you trade a H4 Master Candle? {image} I have my price alert set at @1767ish if the market test the H4 MC high. Otherwise, I trade the FO LO candle range. ...
H4 is in consolidation.
#647.....Am I in or close to a consolidation area
End of story.
-------------
M15 is a other timeframe. Which can be trade.
Currently not a good idea.
Consolidation / Against Resistance level
Cheers.
- #136,192
- Nov 18, 2022 1:11am Nov 18, 2022 1:11am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
{quote} Not going to argue with you / Go and try convince someone els. H4 is in consolidation. #647.....Am I in or close to a consolidation area End of story. ------------- M15 is a other timeframe. Which can be trade. Currently not a good idea. Consolidation / Against Resistance level {image} Cheers.
it is now Frankfurt Open 8am
do you see the H4 master candle consolidation/
do you see the Asian Tokyo channel?
Now you can trade M15
trading is simple when you are literate
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #136,193
- Nov 18, 2022 1:13am Nov 18, 2022 1:13am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
Rules 1. London Market Trading - GBP/USD - 15 Minute Chart 2. Print out News Calendar - No trades 30 minutes before or after news. If your in a trade - either exit or really tighten stop Loss. 3. Use Fractals on your chart to visually see and measure swings. 4. Put Tokyo Channel on your Charts - - - 40+ pip spread hi/lo minimum before trading. *** Very Important. 5. Swings should average 20 to 40 pips or more. 6. Enter on second candle using top/bottom of first candle for entry level. Use Buy stop or Sell Stop orders. 7. Exit on big numbers...
Rules
1. London Market Trading - GBP/USD - 15 Minute Chart
2. Print out News Calendar - No trades 30 minutes before or after news.
If your in a trade - either exit or really tighten stop Loss.
3. Use Fractals on your chart to visually see and measure swings.
4. Put Tokyo Channel on your Charts - - - 40+ pip spread hi/lo minimum before trading. *** Very Important.
5. Swings should average 20 to 40 pips or more.
6. Enter on second candle using top/bottom of first candle for entry level. Use Buy stop or Sell Stop orders.
7. Exit on big numbers of 00 or 10 or 20 or 35 or 50 or 65 or 80 or 90.
These numbers are your target levels.
8. Lost Trade - Re-enter on the next swing doubling your lot size.
If second trade loses go back to normal lot size.
Swings average 20 to 40 pips on 15 minute time frame. On other time frames the swing size will be different.
**Highest ODDS for profit is trading the EURO Open, London Open and N.Y. Open on the GBP/USD 15 minute chart. Generally it may vary 15 minutes either side of those times. Happens about 3-4 days a week. Longer swings. **
Always trade on a Demo Account when learning new information. Don't risk your trading funds without completely understanding this or others information... Demo trade only.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #136,194
- Nov 18, 2022 1:30am Nov 18, 2022 1:30am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} here @Tekkies it is now Frankfurt Open 8am do you see the H4 master candle consolidation/ do you see the Asian Tokyo channel? Now you can trade M15 trading is simple when you are literate {image} ...
Literate does not help much when you don't understand what you are reading.Post#1.... You'll learn down the road that most of the stuff you have learned in the past is crap. I did.
Stick to what BigE has posted Vincent.
Post#6.....
If you add other things it will influence your decisions... usually to your detriment.
Don't try to complicate it thinking it can't be this easy.
Important to study TDI entries on old charts, any time frame...
Give yourself a chance and trade it like it's laid out...
O yes before I forget. There is no shame in trading with a demo account.
#1..... I switched to Demo trading for several years while studying old charts.
- #136,195
- Nov 18, 2022 1:33am Nov 18, 2022 1:33am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #136,197
- Nov 18, 2022 1:48am Nov 18, 2022 1:48am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
{quote} "when you are literate"
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #136,198
- Nov 18, 2022 1:49am Nov 18, 2022 1:49am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
[quote=korosh1350;14227271]
5 years ...
{quote}5 years . how he define consolidations is new and interesting to me
5 years ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #136,199
- Nov 18, 2022 2:17am Nov 18, 2022 2:17am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
[quote=korosh1350;14227271]
Each trader see consolidation differently.
How you see it, how I see it can and will be different.
------
Use the H_line of price it self and check how many bars touch / cut in half / close by > the same for wick's
The more bars / wicks counted the bigger the consolidation.
-----
Zoom in/out to your prefered zoom level and the time frame you like to trade.
Draw a block of any size.
Move the block around.
Currently XAUUSD M5 is in consolidation and against a resistance level.
Now check what H4 is doing.
Does the same block confirm the consolidation from M5?
It is really up to the trader how he see consolidation.
{quote}5 years . how he define consolidations is new and interesting to me
How you see it, how I see it can and will be different.
------
Use the H_line of price it self and check how many bars touch / cut in half / close by > the same for wick's
The more bars / wicks counted the bigger the consolidation.
-----
Zoom in/out to your prefered zoom level and the time frame you like to trade.
Draw a block of any size.
Move the block around.
Currently XAUUSD M5 is in consolidation and against a resistance level.
Now check what H4 is doing.
Does the same block confirm the consolidation from M5?
It is really up to the trader how he see consolidation.
- #136,200
- Nov 18, 2022 2:28am Nov 18, 2022 2:28am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} here @Tekkies it is now Frankfurt Open 8am do you see the H4 master candle consolidation/ do you see the Asian Tokyo channel? Now you can trade M15 trading is simple when you are literate {image} ...
