Trading Made Simple

Quoting kenergy1

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{quote} could have been a short trade here coming from supply, but I think you said you wouldn't take it (double top but not enough R/R) I'm confused about how to tell Market 1 and 2? I think about price moving like nice hills and valleys, and no many wicks on the 4H WCC would alway be the large bullish/bearish harami ?and then price retraces inside of it, that would need to be avoided - inside candles within - i.e. sideways I'm using traditional pivot levels, weekly and daily and I put on 4H now too Will start looking at ways to trade UJ {image}...

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Quoting emmanuel7788

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{quote} UJ WCC > are not necessary large candles > unlike WRB candles

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Quoting emmanuel7788

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{quote} {quote} UJ Aug 25 UPDATE Friday Aug 25, : - waiting for this week to Close at New York 5PM then update WTDA - IF we have a new WCC or the previous week' candle still has the 'control' . {image} ....

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Quoting Shaggalo

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And this is why it's good to take profits, as Big E said. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... Playing with longer timeframes opens up the chance of big reversals. {image} On the plus side of daily charts, a big reversal like this on a short TF will just blow through the "safe" and distant stops. In terms of profits not much and running about $20 loss. The last few trades may change that unless a sharp reversal occurs.

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Quoting emmanuel7788

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{quote} UJ Aug 24 TMS-II trade closed - yesterday was a buy setup when price reversal at the WCC Low - this is a PA + SR trade #647 - took a H4 dynamic entry at the 3rd hour of that H4 setup candle ... that is the 10PM Pacific 4hr - TMS-II exits TP1 +10pips, TP2 +25pips, TP3 +50pips and CSTSL exit +36pips {image} ...

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Quoting emmanuel7788

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{quote} trading the 4hr at Pacific 10PM, 2AM and close all at 6AM is a good idea for day-traders and scalpers. it really make trading simple ... thats why the OP chose this thread title "Trading Made Simple" amongst so many others suggested by members in his old thread. I know there are only a handful of traders who traded the H4 like he did. Only two survived between 2012 and 2015. The rest gave up. Simply they did not fully understand how to pick the best A+++ setups. Most could only think of reversal trades...

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Quoting eelfranz

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Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.

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Quoting eelfranz

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What do we do when PA and the TDI don't jive (are opposite)? We look for another trade... TDI may say buy but PA says sell... pass on the trade... no big deal

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Quoting eelfranz

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DerBerliner... What do we do when PA and the TDI don't jive (are opposite)? We look for another trade... TDI may say buy but PA says sell... pass on the trade... no big deal

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Quoting phuclockbs

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{quote} Hi all, Could you please explain what the "PA" is ? Thank you in advance.

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Quoting emmanuel7788

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{quote} {quote} that's quite simple. PA = Price Action When the PA shows the market is in consolidation as in that post example, we do not trade the TDI green cross red signals... > that is what the OP refers to as basic 4x stuff mentioned in his post #647 #1 importance is the PA show the market conditions we trade, #2 is the price MOMENTUM which we see when both the Stoch(8,3,3) and the RSI green price line in the TDI confluence showing a slope of 12-2 and 4-6. In that post...

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Quoting phuclockbs

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{quote} Thank you very much

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Quoting emmanuel7788

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Its Friday Aug 25, - at the Pacific 10PM EST 1am open there are not 4hr setups candles ... - but we have a few H1 when Frankfurt Open - do you trade the continuation of the 4hr swing of 3 to 8 candle? >>> post #281 {quote}[/highlight] {image} ...

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Quoting emmanuel7788

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Its Friday Aug 25, - at the Pacific 10PM EST 1am open there are not 4hr setups candles ... - but we have a few H1 when Frankfurt Open - do you trade the continuation of the 4hr swing of 3 to 8 candle? >>> post #281 {quote}[/highlight] {image} ...

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Quoting tommydoginti

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{quote} It is Monday. Happy Trading and green pips to all. {image}

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Quoting kirinda

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EU 30M long. Divergence on both TDI and Stoch. In addition see the strong candle down in the circle before reversal. {image}

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Quoting emmanuel7788

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For those who are into technical studies this is something new which the OP did not cover during his time. "The RSI Deep Three Move Trading Technique" >>> https://www.mql5.com/en/articles/12846 You can tweek the TDI to use RSI period 8 and try that. Compare results of RSI(13) and RSI(8) ...

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Quoting tommydoginti

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{quote} Mt Fuji and HK from the air {image} {image}

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