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Quoting Phx62

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Two trades so far this week on EU H1. Trade 1 entered on price action only....no TDI confirmation. Trade 2 entered on a break below the Frankfurt candle and a break below yesterday's low. The LO candle set the session high for the day giving a price action entry signal, as well. Asian session price bounced off the resistance line. TDI green had already crossed red.{image}

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Quoting emmanuel7788

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{quote} {image} Hi Arize, Good question. The Close price is what both buyers and sellers agreed. It is that important to know. I use the complete OHLC as potential support and resistance. But your chart show only 4 candles, it does not tell the complete story. You also need to look at the range of the candles, the high and low. The candle body shows the momentum of the price move. If the pull back (seen using the wick) is much larger than the body, then it says a lot more than support and resistance. regards,

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Quoting birdnest

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Is it ONLY me? I just find forex trading really really really challenging. I just finally concluded my -20% loss and blew my 1st practice account. It doesn't seem right...... I have been staring at GN, but I just cant see the entries because it is really so fickle and I am going

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Quoting emmanuel7788

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{quote} Good point. Without the Japanese candlesticks, we trade using Line Chart and it is based on Close price of the day. That work great and still work.

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Quoting tenmilewalk

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{quote} Hi phx 62, Great trades today. I was wondering how you balance the criteria when entering the second trade. The price broke through yesterday's low but you usually dont enter on frankfurt on the chance that the london sets a H/L for the day before reversal. What made you overlook the frankfurt price? Thanks

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Quoting emmanuel7788

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{quote} very nice profits overall! But in such a situation, you could have simply set your 3rd pos at BE and let the market decide the last TP3 100pips. Usually, I move my trades to BE after market move +50pips. This is the exit strategy of this 3-lot entry technique. The 1st lot exit TP1 +25pips is to reduce the overall risk of the trades and the TP1 usually comes in 1 to 2 candles when you enter on a candle with momentum. TP2 can take 3 to 5 candles reach and TP3 is to fight into the next market session.

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Quoting Phx62

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{quote} I seldom trade the Frankfurt candle because most times price reverses with the first or second London session candle. In fact, I am usually asleep during the Frankfurt session and set an alarm to see the open of the London candle. If price is not moving or I don't find a signal in the first few minutes, I go back to bed for an hour and look again at the open of the second candle....etc.. On the trade for today, I waited for the second London candle to break below the low of the Frankfurt candle and Yesterday's low, then entered. I was very...

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Quoting Phx62

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Two trades so far this week on EU H1. Trade 1 entered on price action only....no TDI confirmation. Trade 2 entered on a break below the Frankfurt candle and a break below yesterday's low. The LO candle set the session high for the day giving a price action entry signal, as well. Asian session price bounced off the resistance line. TDI green had already crossed red.{image}

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Quoting emmanuel7788

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GBPNZD follow up discussion this week. Look at the Weekly chart below. Following the weekly bias, i should be selling but ealry this week, we saw a bullish move from the low of week 14. Today, we shall be seeing if this will continue or market will reverse back down to the 'Support' of Week 13 and week 14 close. {image}

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Quoting Phx62

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Two trades so far this week on EU H1. Trade 1 entered on price action only....no TDI confirmation. Trade 2 entered on a break below the Frankfurt candle and a break below yesterday's low. The LO candle set the session high for the day giving a price action entry signal, as well. Asian session price bounced off the resistance line. TDI green had already crossed red.{image}

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Quoting Pervis

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{quote} Hi Phx, Thank a lot for sharing & teaching... Looking at your entry candle and setup candle, I saw sometime you enter right after setup candle completed (beginning of entry candle), sometime you waiting for entry candle break above or below the setup candle. Could you please share what is your rule on that scenario?

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Quoting emmanuel7788

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{quote} Hi Clive, First thing, I am not the master of this thread. There are many traders who were with Big E when he started out here in FF. Some of these pioneer members of the 5-Method are still reading this thread. The core of the 5-Method has not changed. The only two indciators we use are the APB/HA and the TDI. The 'issue' was with the TDI versions available in the public domain. Big E traded with the original version which he named TDI Red Green. It was known after a while that this TDI version re-paints several bars in the history but that...

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Quoting emmanuel7788

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Here is a test of your trading skills and how well you understood Big E's post#647. Using the same EU H4 chart, would you have taken those two trades [1] and [2] marked? There was TDI cross and TDI bounce. If you did not take those two trades, what was the one reason for your trading decision. {image}

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Quoting Ballistical

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Anyone else watching EA? Should be interesting to see how it plays out around yesterday's low as we enter London... {image}

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Quoting emmanuel7788

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EURAUD H1 trade LO 8 Apr {image}

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Quoting Nik-Nyc

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{quote} Yes, indeed i missed the MC . . . i knew i missed something :-) @Emmanuel, thanks for the PM with answer. Next test i will PM you my answer to avoid spoilers on the thread. Love these quizzes. Best, N PS I recommend all who want to learn more about TMS search for "candlestick patterns in tms.pdf" within the paperclip. It covers MC and many additional patterns. Incredibly useful and compiled by Emmanuel from FF, TMS, and James16 thread.

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Quoting Ballistical

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{quote} I've taken the same trade. Targetting +50... {image}

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