Yes, I agree with Tekkies
The past 2 days I am trading strictly as per BigE full.pdf and only locked in profits
The past 2 days I am trading strictly as per BigE full.pdf and only locked in profits
- #72,424
- Edited 7:37am Oct 19, 2016 6:54am | Edited 7:37am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Hi, would like to short USDCAD but unusually for me struggling to pull the trigger ... any thoughts anyone? 2043528 {image}
I do not trade this pair yet so look see:
Chart is very confusing. So will only look at TDI.
No do not place an order. Would not trade now
Angle: Red is pointing up 2 and green down 4. (must between 4/6, not same direction)
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Bar: Can not see bar clearly. (is the wick short and is the bar pulling back(up), color same as higher timeframe, is there space to the left,
The bars are confusing, there is red lines with red bars, blue lines with blue bars, doted lines, where does the wick/shadow stop. Bar 2 that red line. You are using bar chart and HA together.
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Support/ Resistance: Where is it now
Here is a little indicator that will tell you TDI is APPROACHING a possible set up. You still have to analyze the chart with "basix Forex stuff". It use 1*RSI with 3*MA and dispaly in sub chart there is little to none diffrance between TDI and this indicator. Only red, green, yellow (Market Base Line) is displayed, If you do not need yellow set it to none. The TDI RSI Alarm.exe use TDI RSI.exe to generate notification.
- #72,425
- Oct 19, 2016 7:19am Oct 19, 2016 7:19am
- | Joined May 2011 | Status: It's a GREAT life | 495 Posts
{quote} For start read post#72419 I do not trade this pair yet so look see: Chart is very confusing. So will only look at TDI. No do not place an order. Would not trade now Angle: Red is pointing up 2 and green down 4. (must between 4/6, not same direction) ----------------- Bar: Can not see bar clearly. (is the wick short and is the bar pulling back(up), color same as higher timeframe, is there space to the left, The bars are confusing, there is red lines with red bars, blue lines with blue bars, doted lines, where does the wick/shadow stop. Bar...
- #72,430
- Oct 19, 2016 8:41am Oct 19, 2016 8:41am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #72,432
- Oct 19, 2016 9:19am Oct 19, 2016 9:19am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} Excellent thanks Tekkies it works
- #72,433
- Oct 19, 2016 6:49pm Oct 19, 2016 6:49pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Those who follow AUDUSD and AUDJPY on D1 charts made money.
Remember TMS basic rule: the 5EMA, Typical Price, Shift+3 is our trading direction.
But those who shorted AUDCAD and NZDCAD on 4H swing had to cut losses when BoC held on its rate yesterday and CAD weakens further.
Know when to cut losses and free up your trading capital to trade other trending pairs instead or know when to do the turnaround thing when you ar wrong.
The market is always right.
Just a reminder to those who trade the 4H swing, you do not hold on to your trades for more than 5 days. You close your H4 trades in the same week and not roll over to the next week. The only exception is when you convert your 4H Swing to D1 Position Trades and with your trades have banked-in profits and all open trades are protected in profits.
Remember TMS basic rule: the 5EMA, Typical Price, Shift+3 is our trading direction.
But those who shorted AUDCAD and NZDCAD on 4H swing had to cut losses when BoC held on its rate yesterday and CAD weakens further.
Know when to cut losses and free up your trading capital to trade other trending pairs instead or know when to do the turnaround thing when you ar wrong.
The market is always right.
Just a reminder to those who trade the 4H swing, you do not hold on to your trades for more than 5 days. You close your H4 trades in the same week and not roll over to the next week. The only exception is when you convert your 4H Swing to D1 Position Trades and with your trades have banked-in profits and all open trades are protected in profits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #72,434
- Oct 19, 2016 7:05pm Oct 19, 2016 7:05pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Yes, I agree with Tekkies The past 2 days I am trading strictly as per BigE full.pdf and only locked in profits
Hi,
2 days good profits, keep it up. Repeat what you did the last 2 days.Post your trades charts and share and explain us how you interpret Post#647 when you trade.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #72,436
- Oct 19, 2016 9:21pm Oct 19, 2016 9:21pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
now I am learning...thanks to Big E,, Emman.. Current AUDCAD trade.. {image}
Hi mlperlas,
Looks like to me that you trade by picking the top which is often dangerous thing to do. Where do you place your initial stop loss when you pick the top?
With some trading experience, it should not be too difficult to learn how to trade with TMS 5-Method. Read Post#261 and Post#647, once you fully understood these two posts, you can write your own trading rules and you can trade any time frames from M5 to W1.
Using M5 and M15 for entries is good entry technique when you know that the 'trend' has started and you can hop on to the 'trend' but not to pick the tops and bottoms.
Look at this H4 chart below, today market reacted to the weaker Aussie data and also look to see where the previous price action was and around the RN 1.0150.
That what we saw earlier is reaction and not a reversal. We do not if there will be a reversal yet but we wait patiently until that happens. We must not predict that the market will reverse at some price level. We use the 5-Method to look for potential trades following the PA with the 5-EMA direction and the TDI for the price momentum in the same direction with the 5EMA.
Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #72,440
- Oct 19, 2016 11:17pm Oct 19, 2016 11:17pm
http://www.chinaforexexpo.com/index.php?lang=en Hi guy,anyone will come to Shenzhen next week to attend the Forex Expo. We may meet each others. {image}
Yeah i will defenitely go. Didnt know about the Expo but will go now
