Jun04 London 8am new York 3am
- prepare for the next two 4Hours trade windows
...
- prepare for the next two 4Hours trade windows
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,442
- Jun 4, 2024 12:48am Jun 4, 2024 12:48am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} GA Jun04 post #647 basic forex trading stuff - Price Action - Chart Pattern > When the Daily candles fails to make Lower Low with Lower Close, ... Spinning Tops candles with wicks at both ends, > start to look for possible trades, GA H1 Jun 04 - H1 BUEOB setup candle does not need TDI signal, - you need to build confidence through lots of screen time and practice, practice, practice, ...
{image} ...
GA Jun04 H1 London Open
- now we watch what happens at BRN 19200
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,443
- Jun 4, 2024 2:27am Jun 4, 2024 2:27am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
EU Jun04 H1 TOK_5H
- the Pacific 10PM 4Hr
- today' TOK_5H reversal for Frankfurt Open entry
- BEEOB candle setup
...
- the Pacific 10PM 4Hr
- today' TOK_5H reversal for Frankfurt Open entry
- BEEOB candle setup
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,444
- Jun 4, 2024 3:54am Jun 4, 2024 3:54am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} {image} GU sell closed TDI cross down with TMS price action confirmation. {image} {image}
2nd trade of the week.
TMS sell setup on GU. Following BigE’s TMS rules.
Retested and rejected from previous price level (previous high)
lower high formation
Enter at TDI cross down
====
Trading Made Simple 3 year summary
___________________
TMS Method rules: #144535
Performance track on an account (1 position/TMS setup): #144517 #129706, #144,852, #145,826
Risk management: #145,224, #145,497
TMS entry accuracy: #144,836, #144,853, #145,555
__________________
- #146,445
- Jun 4, 2024 4:17am Jun 4, 2024 4:17am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} GU Jun03 US PMI data - lock-in 50% at +1R and fight the news > +8R profit is fantastic > risk $300, reward $2400 {image} ...
{image}
GU Jun04 TOKY_5H 4Hr trade window
- price reached the previous Week' high SnR
- fails to make higher high + Higher Close
- low TF entry with small loss to mitiogate the risk trading against the Daily and Weekly
- +5R trade is good
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,446
- Jun 4, 2024 4:22am Jun 4, 2024 4:22am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} GU Jun04 TOKY_5H 4Hr trade window - price reached the previous Week' high SnR - fails to make higher high + Higher Close - low TF entry with small loss to mitiogate the risk trading against the Daily and Weekly - +5R trade is good {image} ... {image}
USD Pair Jun04 pre-New York Open
- prepare the next 4Hr Trade Window
Daily
H4
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,447
- Jun 4, 2024 4:45am Jun 4, 2024 4:45am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} USD Pair Jun04 pre-New York Open - prepare the next 4Hr Trade Window Daily {image} H4 {image} ...
GU Jun04 pull back during current 4Hr trade window ...
-
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,448
- Jun 4, 2024 8:33am Jun 4, 2024 8:33am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} {image} 2nd trade of the week. TMS sell setup on GU. Following BigE’s TMS rules. Retested and rejected from previous price level (previous high) lower high formation Enter at TDI cross down {image} {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (1 position/TMS setup): #144517 #129706,...
BigE’s post #647
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
- #146,449
- Jun 4, 2024 6:30pm Jun 4, 2024 6:30pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
USD pairs Jun05 Tokyo 10am
- the second 4Hr of today
- trade once every 4 hours
- prepare for the next 4Hr
> check the Market Type conditions according to post#647,
> Weekly ... long term trend
> Daily ... short term trend
Market Trend
USD pairs
make sure you check the news/events calendar
...
- the second 4Hr of today
- trade once every 4 hours
- prepare for the next 4Hr
> check the Market Type conditions according to post#647,
> Weekly ... long term trend
> Daily ... short term trend
Market Trend
USD pairs
make sure you check the news/events calendar
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,450
- Jun 4, 2024 6:37pm Jun 4, 2024 6:37pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
USD pairs Jun05 Tokyo 10am - the second 4Hr of today - trade once every 4 hours - prepare for the next 4Hr > check the Market Type conditions according to post#647, > Weekly ... long term trend > Daily ... short term trend Market Trend {image} USD pairs {image} make sure you check the news/events calendar ...
USD pairs Jun05 Tokyo 10am
Daily and Weekly,
> not every pair is Trending
> there are Sideways Ranging pairs
> Do you have simple rules to determine Trending and Sideways Market Type conditions?
Weekly
> we use start with the Weekly for our Top Down Analysis
Daily
- Daily will help us find trade entries
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,451
- Jun 4, 2024 10:46pm Jun 4, 2024 10:46pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
/// hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific...///}
Trading Made Simple
USD pairs June 05, 4Hr London 6am Pacific 10PM
- good time to trade in during this 4Hr trade window
- you can scalp this 4Hr like the OP used to ...
> but scalp in the direction of the Daily and Weekly so that you can get those +9R to +12R trades
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,452
- Jun 4, 2024 11:01pm Jun 4, 2024 11:01pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Trading Made Simple 4Hr London 6am Pacific 10PM
- quite obvious which pairs to trade during this 4hr trade window
> trade only when there is established swing / trend
...
- quite obvious which pairs to trade during this 4hr trade window
> trade only when there is established swing / trend
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,454
- Jun 5, 2024 3:02am Jun 5, 2024 3:02am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} Hi emmanuel The magenta lines mark moments when candle cross EMA and close on other side. But in some cross cases you dont put magenta lines. I would like to ask why?
hi @iwan73
Here is today' example
EJ Jun 05 H4
1) Price Action is more important
2) Stoch %K cross %D signal, between 20 and 80 levels
3) TDI green price line confirms the setup
...
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,455
- Jun 5, 2024 6:37am Jun 5, 2024 6:37am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
USDCAD Jun05
> whatever the outcome wont change the Market Type
...
> whatever the outcome wont change the Market Type
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,456
- Jun 5, 2024 6:13pm Jun 5, 2024 6:13pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} Hi emmanuel The magenta lines mark moments when candle cross EMA and close on other side. But in some cross cases you dont put magenta lines. I would like to ask why?
@iwan73
Today' example of the
> the 5-Method
EJ Jun06 Tokyo 10am Pacific 6PM
- Price Action setup
- Learn to read the candles and what both the Stoch and TDI are telling you to confirm the 5-Method PA setup,
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,457
- Jun 5, 2024 6:43pm Jun 5, 2024 6:43pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes....
Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....
When you trade the Daily chart, you only need to trade once a day.
XAU Jun06 Daily
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,458
- Jun 5, 2024 7:20pm Jun 5, 2024 7:20pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} When you trade the Daily chart, you only need to trade once a day. XAU Jun06 Daily {image}
...
"I missed the Day open this morning. The stop loss is very big.... etc."
XAU Jun06 H4 ....the next 4Hr Trade Window
- what about H4 for entry?
- where to place initial Stop Loss ?
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,459
- Jun 5, 2024 7:43pm Jun 5, 2024 7:43pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} Reply to Telegram group question: "I missed the Day open this morning. The stop loss is very big.... etc." XAU Jun06 H4 ....the next 4Hr Trade Window - what about H4 for entry? - where to place initial Stop Loss ? {image} ... {image}
XAU Jun06 H4 Initial Stop Loss 'R' and Position Sizing with % $Risk method
1) Use the previous H1 candle for initial Stop Loss and do your trade Position Sizing
2) use the 5EMA of the entry candle for initial Stop Loss and do your trade Position Sizing
Both MM methods above, if your risk is $300 your trade Position Size will be different. Your maximum risk would be $300 no matter which method. You will not lose more than $300 in either case.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,460
- Jun 5, 2024 7:55pm Jun 5, 2024 7:55pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
W///Chilly - On the Stoch's... if the line is outside the 20-80 lines... I completely ignore it... ///
What did the OP once said about the Stoch above the 80-level?
Better not ignore that ... BUT do a more thorough investigation of the overaal Market Type conditions,
> check your Daily and Weekly for trend and breakouts,
> look for potential to run the trade into +5R, +9R and +12R ... "Let Profits Run"
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett