{quote} Oh, I was talking about the bull flag on D1. There is only one pole, and it measures 340 pips. I drew it differently, and I didn't have a break on my chart yet. Maybe next week. {image} You're right, nice measured move on H4. By the book, I'd say. But I must mention I do not see it as a wedge, but as a bullish pennant. Thanks for your insights, GS! Very nice explanations!I hope to see even more of your clean and easy to understand charts.
Second trade is a bounce {image} {image}
- #72,304
- Edited 5:08pm Oct 14, 2016 4:42pm | Edited 5:08pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #72,306
- Oct 14, 2016 5:30pm Oct 14, 2016 5:30pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} Oh man its modern if you like it haha, on what I menant is That your entry rules are stricter than those of big e but they are safer especially for somone with very little experience like me, big e can afford to relax his entry rules. I think also we should stick with big e exit rules, the way i tried to exit is By setting profit objectives at support and resistance levels but big e is different and that is the key he only expets on average 3 to 8 candels on his favour and he exits Either quickly on a small loss or break even depending on...
Catalin is going to roast me over a slow fire.Yes BigE entry and exit rules are strict, there is no slack.
Many a time he said that if a set up is not right walk away.
He was also very fast to pull a trigger on a losing trade.
If you refer to the pdf posted it is not mine it is all over FF.
- #72,307
- Oct 14, 2016 5:39pm Oct 14, 2016 5:39pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
EURUSD H4 good to sell advance TMS without the 5EMA. PS+SR + APB + TDI {image}
that was Price Action at Support/Resistance PASR + TMS use of the APB/HA and TDI.
EU made a new low for this week.
did you exit your trades and taken profits?
or did you hold on to open trades over the weekend?
if you had, what will be the weekend price gap be like when NY opens on Sunday afternoon?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #72,308
- Oct 14, 2016 7:36pm Oct 14, 2016 7:36pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #72,310
- Oct 15, 2016 4:08am Oct 15, 2016 4:08am
- Joined Jul 2013 | Status: Trader | 1,045 Posts
{quote} Thanks Catalin, I just changed the Table sub window from 0 to 1 and it's now in the bottom window.
- #72,311
- Oct 15, 2016 4:25am Oct 15, 2016 4:25am
- Joined Jul 2013 | Status: Trader | 1,045 Posts
{quote}
On another note, you are not using the pure TMS yourself, either. Are you using the original TDI, the one that repaints? Are you using the TDI without the yellow line and volatility bands? The TDI with the extra elements is for trading the synergy model of Dean, not Big E's method. Now you're the one who's gonna wanna roast me.
And that flag formation might be what Big E mentioned as being 'forex basic stuff', who knows? Because the flag is actually consolidation, is it not? Ad he talked about consolidation: 'Am I in or close to a consolidation area?' SO we don't trade it, we wait for the breakout and we enter with the help of the TDI.
As for this: "Bottom line is, I would not sell it on H4 if today's D1 closed candle will make the TDI cross up, even if the cross is in the OS zone. To play it safe, TDI on D1 has to show bearishness. So either TDI will have to be bearish after today's closed candle, in order for me to sell next week on H4, or it can retrace on D1 and then cross back down, and then I will look for shorts on H4", I can say that I have made my trading plan, and it is telling me to sell, but it depends when: when the price is coming back from a retracement, or when it continues the move to the downside. I see nothing wrong with my statement.
The important thing is that we are in green using the TDI. That means this thread helped a lot. ANd I honestly have no issue stopping posting in here, if others believe my analysis should not be part of this thread. I am too busy anyways, so...
I wish a great weekend to you and everyone else in the thread!
- #72,312
- Oct 15, 2016 4:32am Oct 15, 2016 4:32am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #72,314
- Oct 15, 2016 8:36am Oct 15, 2016 8:36am
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
Hey FF Friends,
I am a newbie here. Is this a potential setup as per TMS?
I look forward to some feedback !
I am a newbie here. Is this a potential setup as per TMS?
I look forward to some feedback !
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #72,317
- Oct 15, 2016 10:57am Oct 15, 2016 10:57am
{quote} hi Laurganta, Can you please share your indicators and template as it looks so clean and clear for me. Thank you.
And these are all the indicators used by it:
Also the Pip Counter I shared in this post: http://www.forexfactory.com/showthre...36#post9198736
*Note: I am not the creator of any of the indicators or template, I have them all from a friend, but I don't know who created them.
Good luck!
- #72,318
- Edited 11:30am Oct 15, 2016 11:19am | Edited 11:30am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote}I wish a great weekend to you and everyone else in the thread!
You right I use RSI with 3 MA., No repaint. Yellow line which one? Sub Chart is Market Base Line or Main Chart is MA5.
"flag formation" that will be an forum all on it's own and yes what is BigE 'forex basic stuff'. Using terminology outside of that what BigE used will lead to confusion. See it this way for a newbie. "Do not trade when flag formation is forming." or "do not trade in consolidation". Refer to flag formation then you are going find yourself explain to a newbie what is a flag / pennant formation / chandler pattern and a host of unrelated TMS.
You said you are busy. Would love to see that message box as newbies request extra schooling in flag formation.
- #72,320
- Oct 15, 2016 2:08pm Oct 15, 2016 2:08pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts