Trading Made Simple

Quoting DesiBaba

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{quote} Hey Ballistical, What he is looking for is price to break through sma, TDI to cross or bounce with good angle, the candle to close above previous candle high/low depending on direction to be traded. According to Big E the sma does not matter as much as the candle size and TDI. If your candle size is good and breaks the high/low of previous candle, and TDI is giving a good angle signal, then you take the trade even if the candle does not break the sma as the sma is there for 'reference' of price movement. However, you can use the sma as part...

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Quoting Zoopots

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{quote} Pulled the trigger. {image}

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Quoting itsallover

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{quote} ... to me it looks like a setup to go long......

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Quoting Bizzzle

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{quote} Nice Trading, get your wheelbarrow One thing I do is look for candles with momentum (size of candle) price must break through the 5ema as Big E did at the beginning of the thread Do lots of back-testing and this will give you more confidence! I posted this before it might help from post Post 33,863 Best of luck mate {image}

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Quoting pastecopy

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{quote} Thank you for posting the previous link. Pls help me to understand the chart. When the small “a” candle is closed, its TDI will be reflected at the “b” vertical red line (or I should say the opening of the “b” candle), right? If above is true, we have to wait till the “b” candle is closed before we can justify that the candle is with momentum. So, “b” closed candle TDI will only be reflected on the next opening candle, in other words, the entry point should be the blue vertical line not red? I'm really confuse, pls help. I’m using non-real...

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Quoting as33156

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I just don't freaking get bounce trades. Pissing me off. Market didn't even more 1 pip in my favor before it tanks and stops me out. Very frustrating. -20 pips for the week.

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Quoting Bizzzle

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{quote} If you study the charts and spend hours back-testing you will find that we have a high probability trades when there is momentum in the market, the Example I gave above shows the reaction of PA after a momentum candle! We want to stay way from trading consolation (small candles) and wait for momentum which the candles breaks through the 5ema it is the safer way to trade Best of luck

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Quoting Bizzzle

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{quote} Using the 5ema is actually a less agressive as said by big E. I only take trades that break the 5ema! More losses? Well I don't know about that. Since doing this 4 hour trading the same as page 1 for 4 week now I can't remember a losing day sometime a more conservative way doesn't alway mean less losses! I think it's more about waiting for the best set-up which will give a higher probability and patients for these trades

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Quoting Direwolf

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@Brizzle - how do you identify momemtum?

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Quoting Zoopots

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{quote} I'll give you my take on the EURAUD...then you get back to us and do the GBPAUD, okay. That's how we learn. EURAUD Weekly has BNs at 1.4500 and 1.4200...definitely trending down. {image} Daily very oversold and we missed an awesome Sell entry on 3/21 when it broke through an UT line. Currently surfing the PAC short with BN below and 1.4500 (240 pips away). {image} H4 gave us an awesome entry on 3/13/0000 when it bounced off the BN 1.5500 after showing that level as major resistance on 3/3/0000. Okay, we missed that so what about now? {image}...

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