UJ Oct06 H1
- preparing for trading NFP
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- preparing for trading NFP
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #143,442
- Oct 6, 2023 6:05am Oct 6, 2023 6:05am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
XAU Oct 06 NFP trading
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #143,443
- Oct 6, 2023 6:11am Oct 6, 2023 6:11am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} @Tekkies Yes. I want to kick his butt for many reasons... I also want to kick Dean Malone' butt too. ...
He left behind a unguarded thread where you now can dump your daily bullshit.
- #143,444
- Oct 6, 2023 6:13am Oct 6, 2023 6:13am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote} Actually Vincent, you should be grateful towards BigE.
@Tekkies
What makes you think I am not grateful?
I still want to kick his butt for several reasons and I will explain them to him and I can kick him harder.
His is in a nice neighborhood.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #143,445
- Oct 6, 2023 6:16am Oct 6, 2023 6:16am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Answer to PM. When trading with trend determined, only go for the TDI signals in the direction of the trend. In TradingView, it can be set to be crossing up (Buy) or crossing down (sell) only. To begin with, I suggest to be “once per bar close”. trade well {image}
Then just check chart again as TMS sell setups are formed.
- #143,446
- Oct 6, 2023 6:20am Oct 6, 2023 6:20am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
GU Oct06 H1
- before NFP
- its in the middle of nowhere
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- before NFP
- its in the middle of nowhere
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #143,447
- Oct 6, 2023 6:24am Oct 6, 2023 6:24am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote} After determining the trend using Price Action #647, TDI alerts can be set to “cross down”. Then just check chart again as TMS sell setups are formed. {image}
UsdCad Oct06 M15 NFP
- sideway ranging market type conditions
- market follows the Weekly no matter what the data release later.
M15 Price Action is king
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #143,448
- Oct 6, 2023 6:40am Oct 6, 2023 6:40am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} After determining the trend using Price Action #647, TDI alerts can be set to “cross down”. Then just check chart again as TMS sell setups are formed. {image}
BigE’s TMS uses TDI as heart of the method, adding price action confirmation
- #143,449
- Oct 6, 2023 6:54am Oct 6, 2023 6:54am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote} Another example of TDI cross up in an uptrend. BigE’s TMS uses TDI as heart of the method, adding price action confirmation {image}
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #143,450
- Oct 6, 2023 7:34am Oct 6, 2023 7:34am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} {image} {image} Recap on the GU buy Trading with BigE’s TMS rules TDI cross signal with Price Action confirmation as of #647 Previous highs and lows Trend Rejections and reversals {image}
GU sell.
Good move. TMS sell setup when waiting for dinner.
TDI cross down at previous high rejection. Price failed to break above previous high 1.2216.
- #143,451
- Oct 6, 2023 9:40am Oct 6, 2023 9:40am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} GU sell. Good move. TMS sell setup when waiting for dinner. TDI cross down at previous high rejection. Price failed to break above previous high 1.2216. {image} {image}
Following BigE’s TMS method
TDI signal with Price Action #647
Previous highs and lows
trend
rejections and reversals
~6.5R
- #143,452
- Oct 6, 2023 9:46am Oct 6, 2023 9:46am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} +1 Good week trading and green pips to all. {image}
- #143,455
- Edited 4:08pm Oct 6, 2023 3:57pm | Edited 4:08pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote}Is that right, doesn't look like that at the moment. I am not saying this to be argumentative, but to take notice of just the weekly while ignoring yesterday's daily candle most people would be out of money way before price turns again.
@lynnc
I dont see your chart. Please post your chart.
My chart below before both USD and CAD employment data 08:30am New York
Edit : data release
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #143,456
- Oct 6, 2023 4:02pm Oct 6, 2023 4:02pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #143,457
- Oct 6, 2023 4:14pm Oct 6, 2023 4:14pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote} GU sell. Good move. TMS sell setup when waiting for dinner. TDI cross down at previous high rejection. Price failed to break above previous high 1.2216. {image} {image}
@tommydog....
Is there a rejection confirm?
I dont see the price making lower high lower low LH LL which is price action for trend trading
More like you jump in when the price was still making highs ... in the PRZ.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #143,458
- Oct 6, 2023 4:26pm Oct 6, 2023 4:26pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote} Recap on GU sell. Following BigE’s TMS method TDI signal with Price Action #647 Previous highs and lows trend rejections and reversals ~6.5R {image} {image}
that's high risk trading before the US NFP data release
Big E' TMS trading the news is on 1hr chart not 1-minute and 5-minute charts .
Looks more like a typical gambler's ego trading.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #143,459
- Oct 6, 2023 4:50pm Oct 6, 2023 4:50pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote} that's high risk trading before the US NFP data release Big E' TMS trading the news is on 1hr chart not 1-minute and 5-minute charts . {image} Looks more like a typical gambler's ego trading. ...
- when trading Tier One data release like the notorious NFP.
- we learn to be patient and wait 15 minutes till after the data release.
- at the end of the 15-minute wait, we look for TMS 5-Method trades by following the Natural Flow of the Market' the swing highs and swing lows,
- Natural Flow of the Market is where the OP Big E started in his old thread. Lots of tutorial videos we watched back then in 2009.
- there were two good trade opportunities after the first spike down
- both opportunities +3R and +4R, total +7R if you follow the 'R' and R-multiple exits strategy .... less stress more relax trading knowing your trading system Expectancy.
- trading made simple requires lots of trading skills and most important is to develop the mental fitness to trade in live market conditions.
> the S/U candles are conservative according to the OP but it still work
> if you are the aggressive type trader, you will enter at the open of the HA#2.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #143,460
- Oct 6, 2023 4:58pm Oct 6, 2023 4:58pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote} GBPUSD Oct06 US NFP Data release POMO - when trading Tier One data release like the notorious NFP. - we learn to be patient and wait 15 minutes till after the data release. - at the end of the 15-minute wait, we look for TMS 5-Method trades by following the Natural Flow of the Market' the swing highs and swing lows, - Natural Flow of the Market is where the OP Big E started in his old thread. Lots of tutorial videos we watched back then in 2009. - there were two good trade opportunities after the first spike down - both opportunities +3R...
Using TMS_V19 EA for setups and alerts,
you would have receive the same two setups alerts sent to you
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett