short short Cadjpy. it's long period trade +18 pips so far{image}
On your trading timeframe, The Lower low may seem to be a good sell entry, but the price had move more than half way to previous low.
Just simple TMS trade analysis by BigE.
- #148,281
- Oct 1, 2024 6:36pm Oct 1, 2024 6:36pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
On your trading timeframe, The Lower low may seem to be a good sell entry, but the price had move more than half way to previous low.
Just simple TMS trade analysis by BigE.
- #148,282
- Oct 1, 2024 6:41pm Oct 1, 2024 6:41pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} i see side way but i see a daily bar above it open with price making a lower low and tdi/stoch making a hl for me this is a buy with my st loss below last swing low {image}
I would wait for a better indication of reversal to trade a buy position.
As of BigE’s post #647
Previous Highs and Lows (clear LHLL formation. Not yet a first HL)
Rejections and last reversals (I would eye on ~.8297 area)
- #148,283
- Oct 1, 2024 6:46pm Oct 1, 2024 6:46pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Hi 1dominican GU made a higher high with continuation of HHHL uptrend formation. There is yet to have any good sell opportunity. TDI also not crossing down from 68 as BigE’s favourite TMS setup. {image} Reposting the chart from my last few posts on TMS countertrend setup, note the first Higher low to be buy and lower high to be sell. {image} {image} trade well and have a great weekend. This weekend I will be doing hiking in Taiwan, then will head to Japan for a hot spring trip. Spending the profit from trading...
GU sell closed.
At H1 entry timeframe, wait for the first lower high to form, indicating a trend reversal.
Entered at TDI cross down. Just set SLTP and let it run.
As a downtrend is LHLL formation, price can pull back up, but the expectation is there will only be Lower Lows.
TP at previous Low, SL at previous High.
- #148,284
- Oct 1, 2024 9:06pm Oct 1, 2024 9:06pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
short short Cadjpy. it's long period trade +18 pips so far
@havenoidea
for medium to long term swing trade, sell is good but I would look for a best AEP @108.50ish and build up a basket of 5 positions.
CADJPY Monthly Big Picture
- with big candle and small candle, its is consolidation
CADJPY Weekly
- weekly Stop Loss is 190.20 for Position Sizing of the trade basket
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,285
- Oct 1, 2024 9:17pm Oct 1, 2024 9:17pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} {image} GU sell closed. At H1 entry timeframe, wait for the first lower high to form, indicating a trend reversal. Entered at TDI cross down. Just set SLTP and let it run. As a downtrend is LHLL formation, price can pull back up, but the expectation is there will only be Lower Lows. TP at previous Low, SL at previous High. {image} {image}
the same mistakes new traders made over and over again when trading TMS 5-Method.
Big E' TMS 5-Method is based on the Natural Flow Forex NFF system and you will find all his tutorial videos in his old thread in pages 1 and 2. In the NFF system, we look at the price swings ... swing highs and swing lows.
https://www.forexfactory.com/thread/...hastics-method
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,286
- Oct 1, 2024 9:27pm Oct 1, 2024 9:27pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} i see side way but i see a daily bar above it open with price making a lower low and tdi/stoch making a hl for me this is a buy with my st loss below last swing low {image}
technically it looks unlikely there would be any buy trade on the Daily any time soon.
it is more fundamentals driven and market sentiments for now and the technical analysis is consistent with these.
we need to look at the market events in the coming weeks and into the year end.
EURGBP Oct02 Big Picture
- 4H swing is sell only
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,287
- Oct 1, 2024 9:42pm Oct 1, 2024 9:42pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} {image} GU sell closed. At H1 entry timeframe, wait for the first lower high to form, indicating a trend reversal. Entered at TDI cross down. Just set SLTP and let it run. As a downtrend is LHLL formation, price can pull back up, but the expectation is there will only be Lower Lows. TP at previous Low, SL at previous High. {image} {image}
Another example of your hope-and-pray when the market went against your sell for hours.
Holding to to drawdown and hope that market would reverse....
You traded against the H4 and Daily.... simple as that.
IF you follow Big E' post #281 and #647, you would not be selling on Sep 24.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,288
- Oct 1, 2024 9:55pm Oct 1, 2024 9:55pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Price Action at Support and Resistance Do you know the PASR? GU {image}
GJ {image} GC {image} ...
3 good trades all winners for those who know PASR trading.
GU Oct01
+78 pips
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,289
- Oct 1, 2024 9:58pm Oct 1, 2024 9:58pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Price Action at Support and Resistance Do you know the PASR? GU {image} GJ {image}
GC {image} ...
GJ Oct01 trade closed
- its easy when you know 5-Method PA trading
+140pips
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,290
- Oct 1, 2024 10:01pm Oct 1, 2024 10:01pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Price Action at Support and Resistance Do you know the PASR? GU {image} GJ {image} GC {image}
...
GC Oct01 trade closed
- once you know post#647 and have mastered the basic forex trading stuff, this trade would have too easy
+148pips
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,291
- Oct 1, 2024 10:09pm Oct 1, 2024 10:09pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Yesterday we have GU, GC and GJ
today we have these two laggards
GA Oct02
GN Oct02
these days if you wait for the Pacific 10PM 4Hr for setups and entries, you will missed many trade opportunities.
and if you exit trades at the Pacific 6am candle, you will also missed many more pips like yesterday...
....
today we have these two laggards
GA Oct02
GN Oct02
these days if you wait for the Pacific 10PM 4Hr for setups and entries, you will missed many trade opportunities.
and if you exit trades at the Pacific 6am candle, you will also missed many more pips like yesterday...
....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,292
- Oct 1, 2024 10:18pm Oct 1, 2024 10:18pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
USDCHF Oct02 Weekly
- holding well despite the recent volatility in all other USD pairs
...
- holding well despite the recent volatility in all other USD pairs
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,293
- Oct 1, 2024 10:26pm Oct 1, 2024 10:26pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} thank you 2, you are doing a good work with perfect trading style
Thank you and wish you the best in your trading journey too.
I have been trading TMS for 4 years and the results have been very well.
The last few days were busy as I went to the Central Taiwan hiking the MianYue trail
https://tttrips.com/en/article/66
Then the very next day flew to Japan. Now greetings from Tokyo and will be enjoying the Onsen at Hakone.
Trade well.
====
Results of 2021-2023: #144517#129706
Results of 2023-2024: #144,852, #145,826, #144,973
*1 trade position = 1 TMS setup
- #148,294
- Oct 1, 2024 10:27pm Oct 1, 2024 10:27pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} TMS Monitor Week 40 Sep 30 4H EUR and GBP crosses - last trading day for this Month - the next 4Hr trade window - is quite obvious which side of the market you want to be in {image} ...
Yes, buy you will have to pay for that.
But for all with MT4 trading platform, all the trading tools are available free of charge.
For all you new traders to TMS,
better you start with the same 8 pairs the OP traded back in 2010.
with more trading experience, you can add more pairs.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,296
- Oct 1, 2024 10:57pm Oct 1, 2024 10:57pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Reply to PM on TMS Monitor if availabel on TradingView: Yes, buy you will have to pay for that. But for all with MT4 trading platform, all the trading tools are available free of charge. For all you new traders to TMS, better you start with the same 8 pairs the OP traded back in 2010. {image} with more trading experience, you can add more pairs.
...
- do you wait for Pacific 10PM candle?
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,297
- Oct 1, 2024 11:05pm Oct 1, 2024 11:05pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} USDCAD Oct02 4Hr - do you wait for Pacific 10PM candle? {image} ... {image}
AUDJY Oct02 4Hr
- In these market conditions,
- IF you wait for the TDI green line to cross the red line,
- you are already too late and missed 50pips
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,298
- Oct 2, 2024 12:18am Oct 2, 2024 12:18am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} AUDJY Oct02 4Hr - In these market conditions, - IF you wait for the TDI green line to cross the red line, - you are already too late and missed 50pips {image} ...
All JPY pairs pulled back and there is no buy or sell setups,
we need to see the swing high for a possible sell ...
or a swing low for possible buy ...
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
