Trading Made Simple

Quoting Phx62

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{quote} Pervis Nice trade. The candle I enter on has to do with price action and if I see the possibility of a continuation of the move that has already been established during the late Euro/Frankfurt sessions. If price has moved strongly in one direction, I sometimes will take a trade in the same direction as the movement, at LO. If there is a consolidation or pullback, I will wait for a move below or above the previous candle. Candle patterns also determine my entry. If there is a PCRF, I may enter on what is considered the set-up candle, instead...

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Quoting Pervis

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Two EA trades taken this week {image}

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Quoting omonisha

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Here is an excellent MN WK D1 hi lo open close indicator coded by our excellent TMS trader griffinssoul . {file}

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Quoting omonisha

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Here is an excellent MN WK D1 hi lo open close indicator coded by our excellent TMS trader griffinssoul . {file}

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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 omonisha

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Here is an excellent MN WK D1 hi lo open close indicator coded by our excellent TMS trader griffinssoul . {file}

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Quoting messicr

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{quote} Is there an indictor which can show MN OHLC? thank you!

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Quoting Axiom

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{quote} Here's my answer: How close am I to the previous high or lo Price is at lows last reached in 2008. Am I in an uptrend or downtrend.. short & long term... Monthly, Weekly and Daily charts show clear downtrend, but Weekly shows some consolidation and Daily shows retracement with possible continuation or reversal. Am I in or close to a consolidation area Daily MC of 17 March has set a wide trading range of 450 pips between 1.1037 and 1.0580. Trade H4 and lower TF setups. Previous Week High is very close to MC High 200ema and BRN 1.1000. Previous...

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Quoting emmanuel7788

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{quote} Hi Axiom, Thanks for this very detailed analysis and big picture view. Doing the big picture plan is important as it will help us identify the historical price levels where the previous price action were. I do this big picture plan every weekend before I start the new week trading. The question I posed using the EU H4 chart below was to compare the two different version of the TDI Red Green posted in this thread. Eelfranz uses the version which is non-realtime and all charts posted would have been re-painted. It took me a long time studying...

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Quoting emmanuel7788

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to new traders to TMS, know all the currency pairs well when you pick one to trade H1. Do not trade EURGBP and expect to make 30 to 50pips in one trade. {image} https://www.mataf.net/en/tools/02-01-volatility

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Quoting Phx62

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{quote} On Wednesday & Thursday EU did not set a high or low of the London session right away and the EA pair did. I did a couple of BE trades on EU but was not profitable on those days. I chose to not wait for the highs to be set later in the session. EA began a downtrend with AUD news on Monday afternoon (my time zone) and I expected that trend might continue. It did, so I traded it. In fact, the trend continued with the AUD session and into the London session.

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Quoting emmanuel7788

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{quote} Hi Axiom, Thanks for this very detailed analysis and big picture view. Doing the big picture plan is important as it will help us identify the historical price levels where the previous price action were. I do this big picture plan every weekend before I start the new week trading. The question I posed using the EU H4 chart below was to compare the two different version of the TDI Red Green posted in this thread. Eelfranz uses the version which is non-realtime and all charts posted would have been re-painted. It took me a long time studying...

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Quoting 3psilon

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{quote} The London open has the highest impact. (Esp on EUR, USD etc. pairs) I'm using this tool: http://market24hclock.com Pretty useful because it takes into account the various time zone and DST differences. Or there is a chart here on FF, too. Also, there are MT4 indicators showing trading sessions, but I found this the most reliable. And, you can just look at the price action and see the London open... :-) You just have to sync the sessions, the news and the 4hr candle update times.

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Quoting heispark

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{quote} Regardless of the system we use, this common PA knowledge is very powerful and effective weapon in our armory. Now I understand its value and really appreciate Emmanuel's teaching!

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Quoting emmanuel7788

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{quote} Hi, Sorry, I have been busy yesterday and did not have much time online. Your MT4 broker chart will show the actual day open for their data and it will be the actual D1 candle. However, on H1 chart timeframe, you can either use that same day open for your H1 trading or depending on your H1 trading hours decide if you want to use another hour as your day open. For example, there are UK traders who would use the London Open as their day open, while others may use the new York open as their day open. {image} As for me, I use FXCM (server time...

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