{quote} Daily sideways range bounce market conditions EU Oct07 1Hr London 6am - volatile {image} GU Oct 07 1Hr London 6am {image} ...
{quote} GU Oct 07 Trade UPDATE London 11am - the market had given you +2R - you can take that and walk away OR - you can protect +1R and fight for the next TP 3and TP4 levels. {image}
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Hi em, I did try the 5-method but got frustration with timeframe. I used H4 and it seems too late. How can you find the right timeframe to be early in the move .
{quote} Hi Emanuel, I have a question, I developed my own indicator with all of Big E rules, and I was following the GU setup but I didnt took the sell for two reasons: 1) the Heikin Ashi candle where the TDI green crossed the red line was a green one, not red; 2) the TDI green line crossed the red line almost flat, not between the 4 to 6 o'clock slope; I was going to take it, but these two anmalies to the system made me back off, so it's ok to take trades even if the color of the candle is conflicting with the signal? Regarding the slope of the...
{quote} Today' LIVE trading {image} My pick: {image}
{quote} @CanIMakeCash First, the OP @eelfranz aka Big E was a rules-based discretionary trader. His trading decisions were mainly based on his +15years experience. It is not possible to code 15 years experience into an indicator or expert advisor. The best an indicator and expert advisor can do is to help you decipher the technical conditions of the Price, HA candles, Stochastics, RSI and TDI, etc. which you can use to make your trading decisions. TMS_V19 expert advisor is a good example. But the ultimate trading decision would still be than of...
Hi em, I did try the 5-method but got frustration with timeframe. I used H4 and it seems too late. How can you find the right timeframe to be early in the move .
Hi em, I did try the 5-method but got frustration with timeframe. I used H4 and it seems too late. How can you find the right timeframe to be early in the move .
{quote} Here is another possible M5 entry at London 7:15am during the current 4Hr trade window - small stop loss {image} ...
{quote} GU Oct 08 Trades in progress {image} - If you want to learn to trade the 5-Method, then go to this post and learn basic Price Action trading. - you will learn what to trade, when to trade and how to trade. https://www.forexfactory.com/thread/...6#post15421176 ...
{quote} Thank you, now I understand there isnt a clear line, intuiton and market knowledge from experience are the real edges. I will study the Three Powerful Forex Price Patterns and will practice in old charts until I can spot them naturally in the charts. Weekend project! Honey, cancel the sunday lunch I have some work to do!
XAU Oct09 H1 London 6am Pacific 10pm - this is TMS 4Hr trade window - 1Hr continuation ... - H1 price action ... swing low bar/candle5 broken the high of bar/candle2.... 5bars swing low,... - IF you do not understand this then study your Fractals and learn to read each and every bar/candle. {image} - and this is dangerous hours of the European / London market sessions, ... your small stop loss will be 'hunted' ...
{quote} XAU Oct 09 M5 London 9am {image}
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{quote} XAU Oct09 M5 UPDATE London 1pm - did your exit TP3 with 3R profit ? - take every trade with Risk to Reward 1 to 3, - your risk $500 per trade, do your trade Position Size. - you only need a win rate of 40% and 45% to grow your account over 1000 trades. {image} IF you work hard every day for 5 to 8 hours and for the next 2 to 3 years, you will make good money to supplement your day job income. You will one day retire rich and have a steady income stream. {image} ... {image}
