You are right, nowadays it's simple to buy and sell financial instruments for the purpose of making a profit. Trading can be done in different markets, such as the stock market, forex market, and futures market.
- #137,904
- Feb 9, 2023 11:57am Feb 9, 2023 11:57am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Last trade yesterday, GU sell catching the spike down 61pips. {image} A sell would be more probable with rejection and fail to break level or first LH. {image} {image}
Sell with TDI cross down. Was busy and entered late so moved to H1 for confirmation and trade. Better setups on m5/m15
follow #647.
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:
How close am I to the previous high or lo
Look at the candles on the last reversal... big, little, what
- #137,905
- Feb 9, 2023 6:17pm Feb 9, 2023 6:17pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Just went long on USD/CAD, look at the screenshot for the trade. what do you guys think about this one? {image}
Good example of a Price Action setup DBLHC
Most DBLHC and DBHLC are good setups with high win rates and does not need TDI green cross red confirmation.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,908
- Feb 9, 2023 10:10pm Feb 9, 2023 10:10pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
Just went long on USD/CAD, look at the screenshot for the trade. what do you guys think about this one? {image}
The first bar rejection already created a TDI green cross red up and retest of previous Low. Trade entry was at the candle close. Set the TDI cross signal alerts to get the timing right to enter trade
- #137,909
- Feb 9, 2023 10:18pm Feb 9, 2023 10:18pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} U need to pin point your entry from as low and as safety in a trending market as possible , try to trade from HLs and very close to HLs in long market and vice versa for short market , those entries has best place as the price u are taking is relatively cheap or good Usually a HL or LH entry in the direction of the trend has a 123 pattern at the start of the trade - check those and there's no short cut - u will need to go thorough all hard phases trading has with lots of hard work Good luck
follow BigE's #647.
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:
How close am I to the previous high or lo
Chasing the price, Selling at previous Low is the way to blowing accounts.
- #137,911
- Feb 10, 2023 12:40am Feb 10, 2023 12:40am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} TheScropS has got very good point. follow BigE's #647. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Chasing the price, Selling at previous Low is the way to blowing accounts. {image}{image}
@tommydog...You are the 2 years old newbie trader hindsight expert here making post-market analysis. Good job!
The week Feb 06 to 10 is not over yet. Be patient and wait for Friday Feb 10 New York 5pm close then see what happens later.
When we are swing trading we must have the patience and wait for the trade plan to be executed and the results will show at the end of the trading cycle.
We know you hear voices in your head telling you to wrote narratives of my posts in this thread. Keep on with providing us the daily laughs here.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,912
- Feb 10, 2023 12:45am Feb 10, 2023 12:45am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
euraud is look good for a long
Yes!
With the 4bars swing low confirmed,
the Pacific 10PM candle ... Looks good with the pullback and the consolidation for a continuation of the 4hr trade.
You have a winner if you mange the exits well.
today' ADR High
Edit: True REVERSAL with Stoch(8,3,3) at 50-level is bonus
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,913
- Feb 10, 2023 1:08am Feb 10, 2023 1:08am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Hi Everyone, I am doing the Price Action trading quit long time, but somehow struggling to make consistent profit stream. I am one of the Old member of James16 group and I started the journey from that forum. Unfortunately that is not active in recent days. I am searching a to join a forum to interact with like minded people to improve the trading system. I found this forum has great place to improve myself and willing to join with you. Thanks in Advance, Mani
Welcome to Big E' TMS.
I started in the James16 thread before Big E started this thread.
We can discuss Price Action trading here too and we do not need any lagging TDI indicator to trade Big E' 5-Method. For example the USDCAD DBLHC setup is from the James16 thread which learned long ago.
https://www.forexfactory.com/thread/...4#post14320794
DBHLC and DBLHC are just one of several basic Price Action we can us to pick trade setups as in Post#647.
The HC and LC candles are MOMENTUM candles for the setups but we need confirmation for a good price entry.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,914
- Feb 10, 2023 1:16am Feb 10, 2023 1:16am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
My First Trading ideas. There is a nice rejection by printing the IB with fakey bar and the resistance turning into support. {image}
UJ Feb10
- market is sideways, the big Weekly high-low candle
- a lot on ongoing talks with BoJ and PM Kishida
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,915
- Feb 10, 2023 2:11am Feb 10, 2023 2:11am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} TheScropS has got very good point. follow BigE's #647. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Chasing the price, Selling at previous Low is the way to blowing accounts. {image}{image}
@tommydog... aka FakeTraderWhere is the 130pips drawdown? What nonsense you talk about liquidity grab crap.
We are trading retail spot forex.
BoJ and PM agrees to the new fiscal policy ....UJ took a dive from this Week' AEP 131.75!
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,916
- Feb 10, 2023 2:12am Feb 10, 2023 2:12am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote}
- #137,917
- Feb 10, 2023 2:14am Feb 10, 2023 2:14am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} TheScropS has got very good point. follow BigE's #647. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Chasing the price, Selling at previous Low is the way to blowing accounts. {image}{image}
Post #647
Look for opportunities to Buy around Prev Low and Sell around Prev H
Trade timing following TDI crosses
- #137,918
- Feb 10, 2023 2:16am Feb 10, 2023 2:16am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Mentally ill loser only know trash talking... {image}
and suffer another weekly mental meltdown.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,919
- Feb 10, 2023 2:20am Feb 10, 2023 2:20am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} {image} Post #647 Look for opportunities to Buy around Prev Low and Sell around Prev H Trade timing following TDI crosses {image}
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,920
- Feb 10, 2023 4:56am Feb 10, 2023 4:56am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Rejection from previous high. Sell with TDI cross down. Was busy and entered late so moved to H1 for confirmation and trade. Better setups on m5/m15 follow #647. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Look at the candles on the last reversal... big, little, what {image}{image}
BigE's #647.
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:
How close am I to the previous high or lo