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Trading Made Simple

  • #141,401
  • Aug 8, 2023 9:41am Aug 8, 2023 9:41am
Quoting emmanuel7788
{quote} XAU Aug08 Daily New York 1032am - what's new? > HA candle below 5EMA ... today sell only ...use your brain! {image} ...


XAU Aug 08 H4

>>> Big E post #281
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
- HA candle below 5EMA ... use your brain!

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug08 H4 NY 1033am 8-8-2023 10-33-10 pm.png Size: 29 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,402
  • Aug 8, 2023 9:43am Aug 8, 2023 9:43am
Reply to PM :

Related to post #141, 054

July 2023 statistics ... TMS-II

best time of the day to trade TMS-II

- Tokyo morning session
- European-London session


Attached Image (click to enlarge)
Click to Enlarge Name: Myfxbook July 2023 Hourly statistics.png Size: 12 KB



best day of the week to trade TMS-II
- Monday to Thursday


Attached Image (click to enlarge)
Click to Enlarge Name: Myfxbook July 2023 Daily statistics.png Size: 11 KB






...

Stay Tuned !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,403
  • Aug 8, 2023 9:48am Aug 8, 2023 9:48am
Quoting emmanuel7788
{quote} XAU Aug 08 H4 >>> Big E post #281 {quote} - HA candle below 5EMA ... use your brain! {image} ...

when you make the transition to trade the 4hr,

there are many M5 Price Action setups in the direction of the Daily and H4, ....

>>> if you use your brain ...

>>> you will achieve higher success post #2617 "

2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug 08 M5 NY 1034am 8-8-2023 10-33-48 pm.png Size: 33 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,404
  • Aug 8, 2023 9:56am Aug 8, 2023 9:56am
Quoting emmanuel7788
{quote} XAU Aug 08 H4 >>> Big E post #281 {quote} - HA candle below 5EMA ... use your brain! {image} ...

XAU Aug 08 M5 setup NY 1055am

- a price action swing high with True REVSERSAL


- you do not need TDI for this.

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug 08 M5 setup 8-8-2023 10-54-22 pm.png Size: 33 KB



- If your do 1,000 of such trade setups, you will win more and lose less...

Attached Image (click to enlarge)
Click to Enlarge Name: 2R Expectancy.png Size: 45 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,405
  • Aug 8, 2023 6:56pm Aug 8, 2023 6:56pm
Quoting emmanuel7788
{quote} XAU Aug 08 M5 setup NY 1055am - a price action swing high with True REVSERSAL - you do not need TDI for this. {image} - If your do 1,000 of such trade setups, you will win more and lose less... {image} ...

... more notes .... Learn to read your candles and what the Stoch and TDI are telling you

> 5bars swing high, bar 3 is the Fractal high

> True REVERSAL candle with Stoch signal and TDI confirms later

> note the 5EMA Typical Price, Shift+2 points to the direction of the price action setup ***important.

> note the APB/HA candles body size and colour,

> note the real price Close is below the HA candle Close

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug 08 M5 setup 8-8-2023 10-54-22 pm (add comments).png Size: 48 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,406
  • Aug 8, 2023 7:01pm Aug 8, 2023 7:01pm
Quoting emmanuel7788
{quote} XAU Aug 08 M5 setup NY 1055am - a price action swing high with True REVSERSAL - you do not need TDI for this. {image} - If your do 1,000 of such trade setups, you will win more and lose less... {image} ...

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug 08 M5 setup 8-8-2023 10-54-22 pm.png Size: 33 KB
TDI Repainted !

compare chart above and this below:
I did not refresh my chart but the platform 'throttle'


Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug08 M5 review POMO 9-8-2023 7-36-19 am.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,407
  • Aug 8, 2023 7:42pm Aug 8, 2023 7:42pm
Rest of this Week ...

Dollar movers and XAU ...


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,408
  • Aug 8, 2023 7:48pm Aug 8, 2023 7:48pm
XAU Aug 09 Daily .... direction is obvious

- but can trade both-ways

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug09 Daily 9-8-2023 8-43-15 am.png Size: 29 KB

> Stoch (8,3,3) below 20-level, some believe it is strong down trend

> but look at H4 and H1 they tell another story ...

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,409
  • Aug 8, 2023 8:17pm Aug 8, 2023 8:17pm
Quoting emmanuel7788
XAU Aug 09 Daily .... direction is obvious - but can trade both-ways {image} > Stoch (8,3,3) below 20-level, some believe it is strong down trend > but look at H4 and H1 they tell another story ... ...

XAU Aug 09 M5 setup

- a swing low ...

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug09 M5 setup Tok 1015am 9-8-2023 9-15-10 am.png Size: 29 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,410
  • Aug 8, 2023 9:24pm Aug 8, 2023 9:24pm
Quoting emmanuel7788
{quote} XAU Aug 09 M5 setup - a swing low ... {image}

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug09 M5 setup Tok 1015am 9-8-2023 9-15-10 am.png Size: 29 KB


...

XAU Aug 09 Tokyo 11am

- first the M5 swing low price action setup

- then the H1 follow through at Tokyo 11am open

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug09 H1 follow through 9-8-2023 10-21-35 am.png Size: 29 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,411
  • Aug 8, 2023 9:29pm Aug 8, 2023 9:29pm
Quoting emmanuel7788
{quote} XAU Aug 09 Tokyo 11am - first the M5 swing low price action setup - then the H1 follow through at Tokyo 11am open {image} ... {image}

XAU Aug 09 H4 must wait ...

> price action ...big candle and small candles ...Double Inside Bars, and a H4 Master Candle ... aka post#647 Consolidation

> do not trade H4 TDI signals ... it will fail more often than succeed.

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug09 H4 must wait 9-8-2023 10-26-05 am.png Size: 29 KB

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,412
  • Aug 9, 2023 12:45am Aug 9, 2023 12:45am
Quoting emmanuel7788
{quote} XAU Aug 09 Tokyo 11am - first the M5 swing low price action setup - then the H1 follow through at Tokyo 11am open {image} ... {image}
Hello
Can you talk about your buy and sell rules?
  • #141,413
  • Aug 9, 2023 1:45am Aug 9, 2023 1:45am
Was looking at Post 141,405, wondering is it worthwhile to respond...
From the image poste >
"when bar 5 closes that is the setup candle"
"TDI confirms later"

BigE posted
#6..... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter...
#115....... A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).

Make your own conclusion as to how true full that post is.
Attached Image (click to enlarge)
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  • #141,414
  • Aug 9, 2023 1:55am Aug 9, 2023 1:55am
Quoting Tekkies
Was looking at Post 141,405, wondering is it worthwhile to respond... From the image poste > "when bar 5 closes that is the setup candle" "TDI confirms later" BigE posted #6..... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... #115....... A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side). Make your own conclusion as to how true full that...

... more notes .... Learn to read your candles and what the Stoch and TDI are telling you

> 5bars swing high, bar 3 is the Fractal high

> True REVERSAL candle with Stoch signal and TDI confirms later

> note the 5EMA Typical Price, Shift+2 points to the direction of the price action setup ***important.

> note the APB/HA candles body size and colour,

> note the real price Close is below the HA candle Close

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug 08 M5 setup 8-8-2023 10-54-22 pm (add comments).png Size: 48 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,415
  • Aug 9, 2023 1:59am Aug 9, 2023 1:59am
Quoting Tekkies
Was looking at Post 141,405, wondering is it worthwhile to respond... From the image poste > "when bar 5 closes that is the setup candle" "TDI confirms later" BigE posted #6..... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... #115....... A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side). Make your own conclusion as to how true full that...

@Tekkies

You missed the bar/candle 4 Close with Stoch %K cross %D signal ... and the TDI confirms one bar/candle later ....

You got to learn to read your price bar and HA candles and the Stoch signals is always leading the TDI which is lagging.


You need to pay attention to the candle time of bar/HA candle 5 at the bottom right hand of the chart .


Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug 08 M5 setup 8-8-2023 10-54-22 pm (add comments).png Size: 48 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,416
  • Aug 9, 2023 2:47am Aug 9, 2023 2:47am
XAU Aug 09 H1 London Open

- interesting price action with that FO candle


Attached Image (click to enlarge)
Click to Enlarge Name: XAu Aug 09 H1 London Open 9-8-2023 3-45-27 pm.png Size: 30 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,417
  • Aug 9, 2023 2:50am Aug 9, 2023 2:50am
Quoting tienvip123be
{quote} Hello Can you talk about your buy and sell rules?


First you follow this thread' OP posts and his rules

Posts #1, #261 and #647
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,418
  • Aug 9, 2023 3:31am Aug 9, 2023 3:31am
Something like this Vincent?

Same setup, Same rules.
=== When TDI give a signal
> Refresh chart.
> Did TDI green cross red (green bounce red)
> TDI green angle above / below 2 / 4
> Is Stoch confirming TDI green direction
> Candle 1 or 2
===Use post#647 to confirm TDI signal
Attached Image (click to enlarge)
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  • #141,419
  • Aug 9, 2023 3:52am Aug 9, 2023 3:52am
Quoting emmanuel7788
XAU Aug 09 H1 London Open - interesting price action with that FO candle {image} ..

Attached Image (click to enlarge)
Click to Enlarge Name: XAu Aug 09 H1 London Open 9-8-2023 3-45-27 pm.png Size: 30 KB


.

XAU Aug 09 H1 London 0952am

- H1 looking nice but wait for ....


Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug 09 H1 LO 2 1651PM 9-8-2023 4-50-40 pm.png Size: 30 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,420
  • Aug 9, 2023 4:17am Aug 9, 2023 4:17am
Quoting Tekkies
Something like this Vincent? Same setup, Same rules. === When TDI give a signal > Refresh chart. > Did TDI green cross red (green bounce red) > TDI green angle above / below 2 / 4 > Is Stoch confirming TDI green direction > Candle 1 or 2 ===Use post#647 to confirm TDI signal {image}

@Tekkies

You got to stop trading crappy chart and those small candles.

But that's okay when you made an entry and start your daily hope and pray that you made a correct decision.

You need to follow this thread' OP's posts and how he trade proce action as in his post #261 chart template.


Good luck !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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