DislikedEnd-Of-Month Trading AU Apr 29 4Hr Tokyo 10am - soon the 4hour candle will close {image} ...Ignored
Attached Image (click to enlarge)
- #146,102
- Apr 29, 2024 7:17pm Apr 29, 2024 7:17pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} Hi Emmanuel, thanks for sharing all your charts. I had all beginner's behaviour, trade against the trend... Did a sell on Friday on AUDUSD and then held it too long. Sell at 0.65215 and took a loss at 0.65580. {image}
AU Apr30 H4 Tokyo 9am UPDATE
- today is Month-End
- Weekly price action 50EMA, PPA SnR levels, BRN 6600,
- Master Candle consolidation
- Double Inside Bar
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,104
- Apr 30, 2024 1:33am Apr 30, 2024 1:33am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Its very sad to see this thread slowly moved far away from the original trade setup BigE advised...
@killurego
Why do you feel sad when you can make money by following the OP' posts ...#1, #261, #647 and#2617.
if you need more examples, and learn more fast .... post #336
GA Apr30 4Hr Pacific 4Hr candle,
- buy when the Price Action HA candle is above 5EMA, Typical Price, Shift+2 ... you buy with stop loss risk R and Positions Sizing.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,105
- Apr 30, 2024 1:46am Apr 30, 2024 1:46am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Its very sad to see this thread slowly moved far away from the original trade setup BigE advised...
@killurego
here is another example of a setup according to the OP' post #1 ... Pacific 10PM 4Hr candle
remember the OP's posts #557 and #7555... too and you can make $500 to $1000 per evening
you only need to trade once per day and there are 8 pairs to trade,
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,107
- Apr 30, 2024 1:58am Apr 30, 2024 1:58am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} I am not here to argue, sorry for that.. but where is the TDI indicator in the above image you posted?? isn't it totally a different trading system you are posting? This thread is for the system BigE gave right?
Did you read all the OP's posts ? there is no system here but there is a trading method known as the 5-Method
the OP Big E said in his posts you can trade his 5-Method without the TDI
>>> #2617
but you need to master the 5-Method first then you can use the TDI as your helping indicator #202
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,110
- Apr 30, 2024 9:08pm Apr 30, 2024 9:08pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} Thank you Emmanuel! Thanks for your reply!!! I want to ask the 5 EMA is the EMA line with the fifth one right? Because I never use this indicator before, therefore not quite sure about what it is. Also is it the APB in APB/HA means that the 5 EMA is just cross under the candle so we could go in at Candle #1? Sorry for my questions, I used to trade in Chinese forum and got a little problem in understanding short forms. Thank you!!! Best, Tony
Big E' TMS 5-Method basic chart template
- APB are the average price bar HA candles
- 5EMA , Typical Price, Shift+2
> note post #261 ... 5EMA is for the direction
> note #1718 ... the slope of the 5EMA would be a bonus
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,111
- May 1, 2024 6:26am May 1, 2024 6:26am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Here is an example why we do not trade blindly the TDI cross signal when the Price Action is the leading indicator,
AU May01 4Hr London 12:20PM
- price action is the HA candles
- 5EMA is the direction post #261
- both Stoch and TDI provides the signals post #261 when there us a PA reversal
>>> pick your TMS trade setups carefully which meets all the criteria and conditions according to posts #261and #647
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AU May01 4Hr London 12:20PM
- price action is the HA candles
- 5EMA is the direction post #261
- both Stoch and TDI provides the signals post #261 when there us a PA reversal
>>> pick your TMS trade setups carefully which meets all the criteria and conditions according to posts #261and #647
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,112
- May 1, 2024 7:01am May 1, 2024 7:01am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Here is an example why we do not trade blindly the TDI cross signal when the Price Action is the leading indicator, AU May01 4Hr London 12:20PM - price action is the HA candles - 5EMA is the direction post #261 - both Stoch and TDI provides the signals post #261 when there us a PA reversal >>> pick your TMS trade setups carefully which meets all the criteria and conditions according to posts #261and...
New York opening soon,
we have a few red news
looks like yesterday Month-End market took out all the Daily stops of the previous three days' low
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,113
- May 1, 2024 7:32am May 1, 2024 7:32am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} New York opening soon, we have a few red news looks like yesterday Month-End market took out all the Daily stops of the previous three days' low {image} {image} ...
Trading without Indicator - Stoch and TDI, ... just rely on Price Action and Support / Resistance , ... post #2617
- with 30mins to the 4hr close, wait !
- wait for the Price Action to confirm
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,115
- May 1, 2024 8:03am May 1, 2024 8:03am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} Trading without Indicator - Stoch and TDI, ... just rely on Price Action and Support / Resistance , ... post #2617 - with 30mins to the 4hr close, wait ! - wait for the Price Action to confirm {image}
...
Simple and Easy decision... at New York 9am 4Hr trade window
- HA candle did not close above its 5EMA
- 5EMA is flat
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,116
- May 1, 2024 8:37am May 1, 2024 8:37am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} Thanks for sharing Emmanual, I am having a click and pray session - thinking of Big E and wondering what he would have replied... {image}
#1 ... trade the 1Hr during the first 3 hours of the New York
#12,912 ... Read the thread, study and take notes.
#12,210
#1718
#336
each of his post is a piece of the Big E' Trading Made Simple puzzle ... when you can put together the puzzle, you will see a picture and yet have many missing pieces which you will need to find on your own.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,117
- May 1, 2024 9:37am May 1, 2024 9:37am
- Joined Feb 2012 | Status: Trader | 3,926 Posts
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
- #146,120
- May 2, 2024 7:26pm May 2, 2024 7:26pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} Simple and Easy decision... at New York 9am 4Hr trade window - HA candle did not close above its 5EMA - 5EMA is flat {image} ... {image}
AU May03 H4
- its Friday
- Weekly has its 50EMA ...dynamic 'resistance' ... we need a CONFLUENCE with other SnR to consider that 'strong resistance.
- Daily has PPA ... short term traders will be weary of this 'supply'
- others will be patient and wait for possible consolidation,
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett