Trading Made Simple for Day Charts

Quoting AlansGS777

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Very good analysis, my friends What about GBP/AUD now? {image}

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Quoting AlansGS777

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{quote} Hi TMS day traders. I had shared two charts before here, those setups would have been BAD trades. They're a good example of not trading against the trend. I like to show a chart before the week starts so the few people who now read this thread can follow your good advices. It's a shame new traders feel so much attracted to lower timeframes and this thread is so quiet now. What do you think about this one? {image}

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Quoting Candle-

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{quote} Hi Alan, Can you please post your assessment before demand it from us. You only learn if you judge the conditions of a tradesetup ore a market. So others can give you some advices ore amendments. If you want to rate a market before the week began plz take time to create a Big Picture Plan. I do the same. It takes me 3 to 4 Hours per Weekend. Here is the instruction: {image} Hope it helps you. Best wishes Candle

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Quoting AlansGS777

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{quote} I apologize, you're right but I wasn't demanding only asking. In this case, looking at the weekly chart, I can see there is a master candle which means we're in market consolidation and TDI cross when PA is inside the Master Candle are not good trade entry, we must wait for the breakout. I learned this from Emmanuel too. Have a good day. {image}

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Quoting Candle-

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Good Morning Mates, Took 2 Trades in the morning GMT +1; 06:30. EUR/JPY: My BPP says: -Course bounced away from resistance next to the Trendline -Weekly MBL looks down Daily: -Good Cross, good candlesize -enough place to the magic number 50 an TDI 50 -Slope, Trigger and stoch looks down {image} {image} AUD/JPY: My BPP Says: -Same as in EJ Daily: -Good cross -Good Candle -Slope looks down -MBL start to bend -There is monthly Resistance in 50 Pip distance {image} {image} Both in profit till yet. Attention: Wednesday FOMC. best wishes Candle

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Quoting AlansGS777

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{quote} I apologize, you're right but I wasn't demanding only asking. In this case, looking at the weekly chart, I can see there is a master candle which means we're in market consolidation and TDI cross when PA is inside the Master Candle are not good trade entry, we must wait for the breakout. I learned this from Emmanuel too. Have a good day. {image}

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Quoting lctrader11

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{quote} Oh My!! What did I miss as part of my education with the Master Candle and consolidation rules as mentioned above?? I have gone thru so many different TMS posts and don't recall this part. Can someone please fill in the "holes" of ignorance? I've seen the MC Indicator and even have it on a couple of my charts, but didn't know how to use it as part of my contextual analysis. Thanks in advance.

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Quoting Candle-

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Good Morning, got 2 Trades in the Morning GMT+1; 06:30 GBP/USD BPP SAID: -PA is at a very low point -the Magic Number 1.4000 is already touched -Weekly stoch and slope looks up -Attention: Thursday Taxdecision in GBP Trade: -very steep cross -Trigger and slope looks up -stoch confirmed -Enough place to to run, the next Resistance zone ist at the Magic Number 80, there also a monthly and weekly Resistanceline -The TDI 50 makes me a little stomachache because the cross is directly below it. Normaly its better when there ist a little place between...

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Quoting firsttimer

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Hi Em, Would like to check for a good risk:reward ratio. if it is lesser than 1:1, lets say 1:2, should we still enter the trade? Thanks.

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Quoting Candle-

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{quote} Emm? Buddy, you are in the wrong thread... regards Candle

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Quoting TampaFX

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Anyone still focusing on this thread? I am looking to focus on the daily charts.

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