TEB: Daily Strength/Weakness Trading

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Which way lol

UP, during press conference maybe.

the eurusd looks heavy now

with a break of 1.08 on the eurusd
look for a big down move

what the ...

Nice hints
I would say:
Learn a Concept = learn it !
Then learn a System based in the concept = learn it !
Know why it works or not
Before moving to a new concept/system.

YEP !!

Do people find my market calls - are they helpful?

for those that do not do VSA would it be helpful if I gave a simple entry system?
If it would and the calls are helpful - I may do some thing over the holidays

I am closing out for the week
The day was a bit choppy
it was ok though

I definitely like the predictions, they are helpful. What would be even more awesome, if you would attach the entry price next to your summaries again, please. For me that is enough to know how and why you are taking your trades, from only the time I can't find them, because of timezones and broker time settings, etc.

I have your setups from the Malcolm thread back to one year, but nowadays you don't include the entry price. Could you do that please, it would help me a lot. Thank you very much.

i think almost everything is helpfull what you show or say.

any teaching coming from you is always welcome and appreciated, you are a true icon and reference for many of us
I personally would like to thoroughly understand VSA and despite the great quantity and quality of material on the subject, at some point it's like a headache

This is a really simple system. I still use the key is being on the right side of the market
having a strong bias
lets look at AudCad

Step 1 we see the AudCad has a strong Bias on the
week
day
4 hour

Step 2 we look for an entry
we use two tools and candles
Tool A - 50 SMA
(I) it must be pointed with bias from step 1
(ii) Price must clearly close below it
Tool B CCI 10
(I) Price must close into the over sold area
(ii) Price comes out of the over sold area

Entry two pips over the candle that breaks out using the CCI over sold area

Stop Loss is the last Swing Low
for trades 1, 2, 4 its red line C
for trade 5 its red line D

trades 3 and 6 are no good
trade 3 is not below the 50 sma
trade 6 is not in the over sold area

Take Profit - do a simple 1 to 3 RRR
so if your Stop loss is 25 (below the swing low) make your Take profit 75

this is a simple system that will works
you can add to it
ie,
if in a strong trend on the hour -(a) price well over the 50 sma and (b) price in the top half of the CCI
move down to the 15 minute chart and look for entries

The key is having the strong bias on the week day and 4 hour

Best to trade this system on the hour charts or less between
2am to 11am and 8pm to 10 pm est

-you have - a trend - a retracement - an entry - a stop loss - a target - BUT the key point is you have a back ground


cheers

teb

clear and simple, thank you.

base line