{quote} Daily charts Aug 15 USD pairs Tokyo 9am {image} ...
JPY pairs Aug 15
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,661
- Aug 14, 2023 5:49pm Aug 14, 2023 5:49pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
JPY pairs Aug 15
- #141,662
- Aug 14, 2023 5:59pm Aug 14, 2023 5:59pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
EUR crosses
- pick one
GBP crosses
- pick one
EG for 'hedging'
- to complete a basket of 5 pairs
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,663
- Aug 14, 2023 6:19pm Aug 14, 2023 6:19pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
Its going to be another good trading day ... {image} ...
AUDUSD Aug 15
No amount and depth of technical analysis will determine the outcome of your trades especially those short-term day traders
Believing in percentage% accuracy is pure nonsense of inexperienced traders behaving like trading gurus here.
For swing traders we look to the medium and longer term like the Daily and the Weekly, and form a bias.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,664
- Aug 14, 2023 6:31pm Aug 14, 2023 6:31pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
For the trading guru here @tommydog who love to post his lower timeframe charts,
every swing high and swing low can be support and resistance,
you see lots of them when the market is choppy and when the Daily is sideways ranging.
This reason is why Big E the OP told many new traders here#281
not to get euphoric with a few winners and got their ego all fired up...
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every swing high and swing low can be support and resistance,
you see lots of them when the market is choppy and when the Daily is sideways ranging.
This reason is why Big E the OP told many new traders here#281
not to get euphoric with a few winners and got their ego all fired up...
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,665
- Aug 14, 2023 6:33pm Aug 14, 2023 6:33pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} TMS selling opportunity. Expect price to reach previous lows. {image} 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 Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last reversal... big, little, what
- #141,666
- Aug 14, 2023 6:50pm Aug 14, 2023 6:50pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
{quote} TDI sell signal at lower high. Note price rejection and sell positions going in profit. Manage trade to book profit or break even. {image}
TDI is the heart of the method and it is also a helping indicator etc. etc. etc. >>> but you must have many years of experience trading his original 5-Method .
Unless you mastered this method already... keep the questions or concerns coming. Post your Demo trades too. Continue making Demo trades to build your confidence and study old charts where the TDI gives clean signals... it will pay you in spades... well, pips in our case...
>>> come back when London session opens and post some more charts.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,667
- Aug 14, 2023 6:57pm Aug 14, 2023 6:57pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
{quote} TDI sell signal at lower high. Note price rejection and sell positions going in profit. Manage trade to book profit or break even. {image}
#647 is not showing downtrend
new traders need to understand what the market trend is when trading TMS 5-Method and #281
a simple tool like TMS_V19 EA expert advisor will show us the market Trend is sideways.
The weekly chart will also show us the candles range high-low of the sideway market type conditions.
We need to adapt our trade plans to this market type and pick trades with potential of +5 R to +9R profits.
Like all trading tools this is not 100% perfect but your experience will help you more than any trading tool .
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,668
- Aug 14, 2023 7:01pm Aug 14, 2023 7:01pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
{quote} TDI sell signal at lower high. Note price rejection and sell positions going in profit. Manage trade to book profit or break even. {image}
@tommydog
No selling now and no buying now ... WAITING is also one of the process in trading.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,669
- Aug 14, 2023 7:19pm Aug 14, 2023 7:19pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} TDI sell signal at lower high. Note price rejection and sell positions going in profit. Manage trade to book profit or break even. {image}
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
Am I in an uptrend or downtrend.. short & long term...
Am I in or close to a consolidation area
Are the previous candles small...
Look at the candles on the last reversal... big, little, what
- #141,670
- Aug 14, 2023 7:39pm Aug 14, 2023 7:39pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
{quote} US dollar uptrend supporting Selling of US major pairs {image} 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 Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last reversal... big, little, what
USDollar Monthly is sideways volatile
I would like to see it remain this way until Dec 2023 which will enable me make more money speculating retail spot forex.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,671
- Aug 14, 2023 7:45pm Aug 14, 2023 7:45pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
{quote} US dollar uptrend supporting Selling of US major pairs {image} 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 Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last reversal... big, little, what
{quote} USDollar Monthly is sideways volatile I would like to see it remain this way until Dec 2023 which will enable me make more money speculating retail spot forex. {image} ...
On my Weekly I see it made higher high + higher Close,
but wait and see what happens @12957 then check my Daily closing.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,672
- Aug 14, 2023 8:26pm Aug 14, 2023 8:26pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} The 3 amigos of TMS all showed rejection at support (Previous Low) and rejection. Look for Buy as price rejected from support, or Sell from the next high formation. traders who cannot even follow the simple price action of #647 will lose. Still it is valuable materials for others to learn what not to do. trade well {image} {image} {image}
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
Am I in an uptrend or downtrend.. short & long term...
Am I in or close to a consolidation area
Are the previous candles small...
Look at the candles on the last reversal... big, little, what
- #141,673
- Aug 14, 2023 8:30pm Aug 14, 2023 8:30pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} US dollar uptrend supporting Selling of US major pairs {image} 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 Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last reversal... big, little, what
Enter TMS sell when TDI cross down
Expect price to reach prev L or next L (the support)
- #141,674
- Aug 14, 2023 8:37pm Aug 14, 2023 8:37pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} The 3 amigos of TMS all showed rejection at support (Previous Low) and rejection. Look for Buy as price rejected from support, or Sell from the next high formation. traders who cannot even follow the simple price action of #647 will lose. Still it is valuable materials for others to learn what not to do. trade well {image} {image} {image}
For short term buy positions, buy at TDI cross up as price rejected from previous low. Target prev H to take profit or manage trades
- #141,675
- Aug 14, 2023 9:40pm Aug 14, 2023 9:40pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
Its going to be another good trading day ... {image} ...
Aussie data weaker than Forecast, market 'knee jerk' reaction ...
AUDUSD sell before the data release TMS-II CP stopped out
- exit TP1 +10pips.
- CP exit +2pips
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,676
- Aug 14, 2023 9:44pm Aug 14, 2023 9:44pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
{quote} Aussie data weaker than Forecast, market 'knee jerk' reaction ... {image} AUDUSD sell before the data release TMS-II CP stopped out - exit TP1 +10pips. - CP exit +2pips {image} ...
TMS Monitor Aug 15 H1
- after Aussie data release
- bullish momentum tweek from 3 to 7 ...
- H4 HA candle changed colour above 5EMA ...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,677
- Aug 14, 2023 10:02pm Aug 14, 2023 10:02pm
{quote} TMS Monitor Aug 15 H1 - after Aussie data release - bullish momentum tweek from 3 to 7 ...
Im new here and have been trying to read almost everything since last night.
My question is:can i access the TMS Monitor whenever i want?im working 9-5.please send a link if you have 1.
- #141,678
- Aug 14, 2023 10:10pm Aug 14, 2023 10:10pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
{quote} Daily charts Aug 15 USD pairs Tokyo 9am {image} ...
USD pairs Daily one hour to Frankfurt Open
- still the same bias on Daily price action
- FO and LO can bring a few surprises
" buy at support" and "sell at resistance" .... are common beliefs.
>>> anything can happen intra-day <<<
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,679
- Aug 14, 2023 10:31pm Aug 14, 2023 10:31pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
AJ Aug15 4hr London 6am Pacific 10PM
- Bullish Engulfing Outside Bar BUEOB is a big candle #647
- can you scalp this 4hr candle?
- yes, Big E can #557 and #7555
- TMS-II also can be for scalping this BUEOB PA setup
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- Bullish Engulfing Outside Bar BUEOB is a big candle #647
- can you scalp this 4hr candle?
- yes, Big E can #557 and #7555
- TMS-II also can be for scalping this BUEOB PA setup
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #141,680
- Aug 14, 2023 10:38pm Aug 14, 2023 10:38pm
- Joined Nov 2008 | Status: Trader | 50,255 Posts
TMS Monitor Aug 15 H4 PDT 10PM
- bounce trade examples
- do you have a trade plan?
> no trade plan , no trading ...
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- bounce trade examples
- do you have a trade plan?
> no trade plan , no trading ...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett