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  • #16,741
  • Edited 4:52am Apr 1, 2013 12:36am | Edited 4:52am
Quoting kingclarence
Isnt that just basically what Big E called a bounce trade?
http://www.forexfactory.com/attachme...1&d=1364688474

any entry at that point is definitley not the 1st or 2nd candle after the HA changed colour.

that would be considered a bounce trade or re-entry or continuation trade entry. A lot of such trades were discussed and shared during the CH stoch 5-method days.

Big E often mentioned terms like - ....PA rested, .... PA stopped, ...
PA rested ... has the same meaning what other traders would call market consolidation, hence lookout for breakout trade.
PA stopped ... same meaning as when market tested a historical support and resistance, then either it reverses or breakout in continuation.
Both such market conditions are seen using the HAs.

He also taught us to look to the left of our chart and look for previous PA 'highs' and 'lows' as PA tends to returns to the old 'highs' and 'lows' as Supp/Res.

Consolidation is also something he taught us to look out for.

Big E sees all these using the HA candles.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,742
  • Apr 1, 2013 12:39am Apr 1, 2013 12:39am
Hi ALL,

Here is one example where PA stopped and HA shows a possible setup for sell.
But as you see the situation now after 2 HA candles later, the picture has changed.
This is a good example where you can practice and learn on your own.
Why was that H4 setup of higher risk or lower probability when that H4 HA 2nd candle closed?
Attached Image (click to enlarge)
Click to Enlarge Name: GZ week 14 H4 1 Apr TOK .png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,743
  • Edited 12:58am Apr 1, 2013 12:45am | Edited 12:58am
Average Price Bar 'APB'

The APB is very important when we trade this TMS method.

This video is worth your next 15-mins time to spend and watch this again. 15-mins will help you make your next 500pips this month.

http://www.compassfx.com/video/flash/22108/22108.html
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,744
  • Edited 1:30am Apr 1, 2013 12:47am | Edited 1:30am
Quoting emmanuel7788
Hi ALL, Here is one example where PA stopped and HA shows a possible setup for sell. But as you see the situation now after 2 HA candles later, the picture has changed. This is a good example where you can practice and learn on your own. Why was that H4 setup of higher risk or lower probability when that H4 HA 2nd candle closed? {image}
Bcoz earlier on D1 we have bullish OB based on support of 1.8050??
JacekPreserve Precious Capital
  • #16,745
  • Apr 1, 2013 12:53am Apr 1, 2013 12:53am
Quoting emmanuel7788
Average Price Bar 'APB' The APB is very important when we trade thie TMS method. This video is worth your next 15-mins time to spend and watch this again. 15-mins will help you make your next 500pips this month. http://www.compassfx.com/video/flash/22108/22108.html
Good vid thanks.I already have a pretty decent understanding of heiken ashi candles though
  • #16,746
  • Apr 1, 2013 1:01am Apr 1, 2013 1:01am
Why use three screens when you can use two ?
  • #16,747
  • Apr 1, 2013 1:08am Apr 1, 2013 1:08am
as the green/red crossing is not below yellow, thank you
  • #16,748
  • Apr 1, 2013 1:09am Apr 1, 2013 1:09am
Quoting emmanuel7788
Hi ALL, Here is one example where PA stopped and HA shows a possible setup for sell. But as you see the situation now after 2 HA candles later, the picture has changed. This is a good example where you can practice and learn on your own. Why was that H4 setup of higher risk or lower probability when that H4 HA 2nd candle closed? {image}
Because we are in a consolidation zone and the price not broke the low or high of this zone. Until the price not broke the high or low of this zone we have INDECISION, we don't have a clear direction.
  • #16,749
  • Apr 1, 2013 1:14am Apr 1, 2013 1:14am
Quoting magelordmojo
Why use three screens when you can use two ?
I ask the same question the other way around:

why use two screens and when we can use three?

3-screen is what Dr Alexander Elder' Triple Screen Trading system is about.

Read his book:

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,750
  • Apr 1, 2013 1:43am Apr 1, 2013 1:43am
Quoting Jackub
Bcoz earlier on D1 we have bullish OB based on support of 1.8050??

More precisely...
Since Feb 2013 price is in channel 400 pips range, on weekly is price for long time in oversold, and looks like is starting go out from this area, daily shows price going up from channel support area forming IB and OB right after.. so on H4 it has to be just little pullback to gain some steam to go up… .
JacekPreserve Precious Capital
  • #16,751
  • Apr 1, 2013 1:56am Apr 1, 2013 1:56am
hey guys. Ive been trying to get a go on focusing on PA. Problem is, I live in vancouver. this means 1-2 hours after LO, Im asleep, this really cuts my time with PA practice. Im wondering if its a good thing to put some time in 4H. That way, I can catch up on sleep and also not miss out on any candles(4H intervals).

Any advice appreciated
  • #16,752
  • Apr 1, 2013 2:01am Apr 1, 2013 2:01am
Quoting sio bel
as the green/red crossing is not below yellow, thank you

Hi sio bel,

when we trade TMS in H4 and D timframes, we do not use the yellow Market Base Line MBL for trade decision.
Back-testing will tell you why.
You will miss many pips move when TDI cross up below the MBL or when the TDI cross down above the MBL.

Learning to read PA using the APB HAs is very important and use this with the TDI.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,753
  • Apr 1, 2013 2:04am Apr 1, 2013 2:04am
Quoting Flaviu1981
Because we are in a consolidation zone and the price not broke the low or high of this zone. Until the price not broke the high or low of this zone we have INDECISION, we don't have a clear direction.
well this is good...
we need PATIENCE ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,754
  • Apr 1, 2013 2:10am Apr 1, 2013 2:10am
Quoting Jackub
Bcoz earlier on D1 we have bullish OB based on support of 1.8050??
the D chart APB tell the whole story ...
the D APB candles are bullish so selling is definitely a NO when Tokyo open today.
to buy is also not a good timing as there is no bullish momentum in the last 2 APB candles

generally, market is sideway and can break either way.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,755
  • Apr 1, 2013 2:11am Apr 1, 2013 2:11am
Quoting emmanuel7788
Hi ALL, Here is one example where PA stopped and HA shows a possible setup for sell. But as you see the situation now after 2 HA candles later, the picture has changed. This is a good example where you can practice and learn on your own. Why was that H4 setup of higher risk or lower probability when that H4 HA 2nd candle closed? {image}
- mainly because of the 3rd of the tripple top blue candles
- TDI is about 50 level, market = indecision, stock 80+ so useless

I'd have shorted if the fourth one after the 3rd one wasn't blue and its body broke the lower of the 3rd one.
back... and more dangerous.
  • #16,756
  • Edited 4:53am Apr 1, 2013 2:13am | Edited 4:53am
Quoting Jackub
More precisely... Since Feb 2013 price is in channel 400 pips range, on weekly is price for long time in oversold, and looks like is starting go out from this area, daily shows price going up from channel support area forming IB and OB right after.. so on H4 it has to be just little pullback to gain some steam to go up… .
Here is a brief extract of my Big Picture Planning for April:


Big Picture planning:

Monthly view :


GBPNZD is in a downtrend and making new historical lows. Feb as the most recent low and looks to be tested ...another 200pips to run down.

TDI VB show narrowing volatility and this may signal abreakout when the VB expands.

Month of March is consolidation and CSP shows Mar isNR4-Inside Bar of Feb.

Weekly view :


MarketType is in consolidation mode for 5 weeks after hitting the low 1.7955 in week09. This is Feb Low.

Both TDI and Stoch are in their respective 32 and 20 levelsOS.

Weekly range of between 380 and 440 pips when volatility increases.

Daily view:


Side-way market with good day range swings. Nice daily swing high and low of between 110 and 150 pips.

29 Mar was thin market due to holidays. 26, 27 and 28 Dcandles show shows a 3-bar bullish setup supported at 1.8050.

H4 view:


PA stopped at BRN 1.8000 which is CONFLUENCE with week 12Prev W Fib-e 127%.

PA show consolidation since last Friday this market due to bank holidays.

Week 14 – RN 1.8150 is this week’s swing point trapped between two BRN 1.8200 and 1.8100, until a new trend emerges.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,757
  • Apr 1, 2013 2:17am Apr 1, 2013 2:17am
UK Bank holiday:

Today is UK bank holiday otherwise London Open was 15 mins again.
DST change over the weekend...London is now GMT+1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,758
  • Apr 1, 2013 2:48am Apr 1, 2013 2:48am
hello everyone.
EJ hourly . As expected the support holded after london open , A fake out during EURO opening . Waiting for candle color change to enter. I will change this in to a 4 HR swing trade.
I dont prefer short right now, coz the next support comes at 118.95
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 21 KB
  • #16,759
  • Apr 1, 2013 2:57am Apr 1, 2013 2:57am
Quoting Winner1245
hello everyone. EJ hourly . As expected the support holded after london open , A fake out during EURO opening . Waiting for candle color change to enter. I will change this in to a 4 HR swing trade. I dont prefer short right now, coz the next support comes at 118.95 {image}
sellers are entering into a previously fiercely fought region of Jan 2013 between 119.60 and 117.50.
117.50 was the base for the Jan rally.

I am in sell mode...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,760
  • Apr 1, 2013 3:03am Apr 1, 2013 3:03am
Quoting emmanuel7788
sellers are entering into a previously fiercely fought region of Jan 2013 between 119.60 and 117.50. 117.50 was the base for the Jan rally. I am in sell mode...
looking at the present candle close , I agree.
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