{quote} @Tekkies OK. I see you want to learn how to cherry-pick the best A+++ setups .... "True REVERSAL between 20 and 80 levels" 1) Do your Month-End Big Picture Planning for XAU 2) Do your post#647 Weekly Top Down Analysis for XAU 3) Prepare your trade plan for next week. Just these three(3) simple steps. ...
{quote} XAU Monthly new York Close Oct 06 {image}
{quote} XAU Weekly New York close Oct 06 {image}
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{quote} Will never argue with chart's. ---- However one has to notice that you have exceptional cherry picking capabilities with perfect hindsight reflexes.You missed a few not so good "True REVERSAL between 20 and 80 levels" {image}
{quote} @lynnc I dont see your chart. Please post your chart. My chart below before both USD and CAD employment data 08:30am New York {image} Edit : data release {image} ...
{quote} A follow up question from PM regarding how to determine trend with TMS method. Stick to BigE’s TMS rules and Price Action in post #647. Previous highs and lows To begin with, only trade the TDI signals in direction of clear trend formations. After that can add in Last Reversal to better pick the TMS setups. {image} {image}
{quote}I was out all day yesterday so didn't get chance to do this. I trade various timeframes dependant on how much time I have or what sort of mood I'm in. How I look at things doesn't work for everyone but works for me. If I am trading H4 then I look at W1 and D1 so the 2 timeframes above the trade I want to take. At the beginning of this week I was looking for buys on Ucad on H4, because of the engulfing on W1, and the engulfing on Friday on D1. {image} {image} I don't start trading until 6am UK time so when I went to H4 it had an inside bar...
{quote} You can learn from BigE and my charts on how TMS traders trade, and how to avoid the wrong calls you made. This may make possible for you to trade TMS successfully. follow up on the last post, by applying TMS rules, traders should buy in an uptrend from lows. Countertrend trading requires more focus on price rejections. This happens over and over on any pairs and timeframes. {image} {image}
{quote} @tommydog... Most new traders make that same mistake thinking they can learn from that post #954 chart. What they did not see is that is an old chart which he was explaining what is candle#1 and candle#2, and he had the benefit of hindsight and that setup turned out to be profitable. IF he had follow his own trading rules and have done according to post #647 market analysis, he would not be trading that candle#1 and candle#. Reading and studying the Big E' posts an charts is very important. What we learn from reading and study is far more...
{quote} XAU Daily New York Close Oct 06 {image} ... {image} {image}
{quote} @tommydog... Most new traders make that same mistake thinking they can learn from that post #954 chart. What they did not see is that is an old chart which he was explaining what is candle#1 and candle#2, and he had the benefit of hindsight and that setup turned out to be profitable. IF he had follow his own trading rules and have done according to post #647 market analysis, he would not be trading that candle#1 and candle#. Reading and studying the Big E' posts an charts is very important. What we learn from reading and study is far more...
EU Oct09 H1 at Frankfurt Open - a H4 'Tweezer' in the middle of nowhere - 'iffy' case {image} ...
{quote} > What is a H4 'Tweezer' price action candles > this chart will explain than one thousand words story {image}
{quote} > What is a H4 'Tweezer' price action candles > this chart will explain than one thousand words story {image}
{quote} Vincent, focus on the TDI green cross red (setup signal). You could have made some nice profit already. 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}
{quote} @Tekkies Today' lesson was not about TDI entry. You need to start reading from post #143,528 which is about @tommydog' making the same common newbie mistake many here have made the last 12 years. https://www.forexfactory.com/thread/...1#post14609161 Anyway, your M15 TDI entry is too late. Remember the TDI is lagging the Price Action. Experienced TMS traders with APAT skills would have place a sell 5 candles earlier before your M15 TDI signal....
