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  • #75,961
  • Feb 16, 2017 4:19am Feb 16, 2017 4:19am
Quoting brian661
{quote} Sorry emmanuel7788, do you mean big candle or big candle with long wick? From what I read in Big E post, isn't that we have to look for the cross with a big candle, and avoid small candles? Thanks in advance

big candle refers to the real price bar the high low included. and I am not referring to the APB/HA. if I want to mention wicks, I will explicitly say so in what I write to make things clear. wicks are price pull back and I mention these many times in my posts.

when you look for TDI cross, you are looking for reversal trades. therefore you must be good at picking reversal patterns using the real price bars.

small candles at reversal are not the best because small candles means there is no momentum.

big candle follow by small candles mean consolidation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,962
  • Feb 16, 2017 4:30am Feb 16, 2017 4:30am
Tekkies

Im not waiting for london open. I am usually in office at frankfurt open. Im in gmt+1. Before that i need to get kids ready for school so my trading starts at frankfurt open somethimes im late and start at london open.
  • #75,963
  • Feb 16, 2017 9:24am Feb 16, 2017 9:24am
Quoting emmanuel7788
{quote} big candle refers to the real price bar the high low included. and I am not referring to the APB/HA. if I want to mention wicks, I will explicitly say so in what I write to make things clear. wicks are price pull back and I mention these many times in my posts. when you look for TDI cross, you are looking for reversal trades. therefore you must be good at picking reversal patterns using the real price bars. small candles at reversal are not the best because small candles means there is no momentum. big candle follow by small candles mean...
Thanks for explain.
I think this is a good reversal patterns, reversal after touch monthly support, with TDI cross (or touch).
While today's real price bar is a bar candle.
Will it be the 20% successful trade you mentioned?
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_8106042_EURUSD_2017-02-17_00-20-07.png Size: 49 KB
  • #75,964
  • Feb 16, 2017 12:13pm Feb 16, 2017 12:13pm
Emmanuel,have u never used Rsi indicator for to avoid ranging market? For example Rsi with 40-60 level etc.etc.
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,965
  • Feb 16, 2017 12:19pm Feb 16, 2017 12:19pm
EA trade on the break of pin bar with TDI recross or bounce for +50 pips as well as double bottom
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-02-16_21-14-21.png Size: 59 KB
I Have Learned to Take Some Losses to Make Profits
  • #75,966
  • Feb 16, 2017 2:44pm Feb 16, 2017 2:44pm
Quoting TheScorpS
EA trade on the break of pin bar with TDI recross or bounce for +50 pips as well as double bottom {image}
great catch
  • #75,967
  • Feb 16, 2017 3:42pm Feb 16, 2017 3:42pm
Quoting brian661
{quote} Thanks for explain. I think this is a good reversal patterns, reversal after touch monthly support, with TDI cross (or touch). While today's real price bar is a bar candle. Will it be the 20% successful trade you mentioned? {image}

TMS traders are one bar late. Why, they wait for TDI to signal them. Price Action is leading the TDI, therefore trading with price action is leading edge.

Look at these three pair - EURUSD, USDJPY and USDCHF. What happened during New York that the markets reacted to and caused the huge price pullback and closed Pin Bars?

Attached Image (click to enlarge)
Click to Enlarge Name: Pin Bar EU UJ UChf.png Size: 39 KB


All the Asian traders were smiling when they follow NY markets.

Season traders look for shooting stars, evening stars, etc.

Whether people like it or not, price patterns has given names. Human brains learn by patterns and colours recognition.

Keep It Simple:
#1 learn the common patterns and take note of the time when they appear.
#2 learn to trade with leading edge.

Do Not learn KISS because the last letter 'S' means stupid.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,968
  • Feb 16, 2017 3:49pm Feb 16, 2017 3:49pm
Hello everyone, this is my first post,i'm trying to improve the input timing.It can be a long on Usd/Cad.
Thanks in advance to all.
thanks in advance to all
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  • #75,969
  • Feb 16, 2017 3:55pm Feb 16, 2017 3:55pm
Quoting Pretoriano
Emmanuel,have u never used Rsi indicator for to avoid ranging market? For example Rsi with 40-60 level etc.etc.

No. I dont use those 40-60 levels, etc.
RSI is an oscillator. It shows price momentum in the period you want. It works in sideways market and not in trending market.

Have you even asked yourself why the Traders Dynamic Index uses the 68 and 32 levels? why not use the default 70 and 30?

Long before the TDI was created , momentum trader simply use the RSI and the Fozzy-RSI.

I follow the teachings of John Hayden for many years.

A market may look ranging in Weekly timeframe but there are price swing in 4H to give good trades during the week.
There is a trend in every timeframe.

RSI levels for trends in the Price Action:
Bullish trend from 40 to 80 levels
Bearish trend from 60 to 20 levels.

RSI: The Complete Guide Post#27,110 by John Hayden
The Truth about Divergence ... read Chapter 4 Page 65
Trend Determination using the RSI (TDI) Post#26,774
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,970
  • Edited 4:15pm Feb 16, 2017 4:04pm | Edited 4:15pm
Can you see a D1 Pin Bar price action in lower timeframes without looking at two different charts or switching chart timeframes?

Do you believe Big E can? He has 6,000 hours, I know he has the experience to see things many of us cannot.

I know I can with 10,000 hours chartist practice.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Pin Bar into H4.png Size: 69 KB


Keep It Simple: # work hard and accumulate 6,000 hours practice experience.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,971
  • Feb 16, 2017 4:10pm Feb 16, 2017 4:10pm
AUDUSD Feb 16 closed D1 Pin Bar.

Do you want take a sell now?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,972
  • Edited 4:37pm Feb 16, 2017 4:23pm | Edited 4:37pm
Quoting tanoking
Hello everyone, this is my first post,i'm trying to improve the input timing.It can be a long on Usd/Cad. Thanks in advance to all. thanks in advance to all {image}
I see Divergence between price actio and the TDI....
I'll join you.
I am aware of BRN 1.3100 just above.

and no need for those pivots, just look at previous price action PPA and the BRN 00 and RN 50 levels.

Edit:
add chart
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 07 Feb 17 H4 Divergence.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,973
  • Feb 16, 2017 4:29pm Feb 16, 2017 4:29pm
AUDJPY Feb 17 D1 chart,

Bearish Engulfing Bar BEEB setup, good to short

Aussie taking a breather from its recent rally. A reprieve for many early short sellers.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 07 feb 17 BEEB.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,974
  • Feb 16, 2017 4:33pm Feb 16, 2017 4:33pm
AUDNZD feb 17 D1 chart.

I see it made a Lower High - Lower Low... but Spinning Top price bar/candle.

But that APB/HA has very small body. What do you make out of the APB/HA with small body? How do you use that for your trade decision?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Week 07 Feb 17 APB.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,975
  • Feb 16, 2017 4:37pm Feb 16, 2017 4:37pm
Quoting emmanuel7788
AUDUSD Feb 16 closed D1 Pin Bar. Do you want take a sell now?
Price has not closed under 5Sma on daily,i don't take a short
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,976
  • Feb 16, 2017 4:42pm Feb 16, 2017 4:42pm
Quoting Pretoriano
{quote} Price has not closed under 5Sma on daily,i don't take a short

you mean D1 chart 5EMA, right?

what about H4? do you see some risks in the H4 chart below?
as the trader, how do you mitigate those risks?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 07 Feb 17 H1 Asian open.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,977
  • Feb 16, 2017 4:45pm Feb 16, 2017 4:45pm
Quoting emmanuel7788
{quote} you mean D1 chart 5EMA, right? what about H4? do you see some risks in the H4 chart below? as the trader, how do you mitigate those risks? {image}
Yes,I mean 5 Ema shift+3 on Daily.

On that h4 chart I see a WRB,then a IB and price in consolidation. I can wait a breakout of that WRB low
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,978
  • Feb 16, 2017 4:47pm Feb 16, 2017 4:47pm
Quoting emmanuel7788
AUDJPY Feb 17 D1 chart, Bearish Engulfing Bar BEEB setup, good to short Aussie taking a breather from its recent rally. A reprieve for many early short sellers. {image}
Today we can open short on lower timeframe following Daily BEEB right? Or not because that candle has not closed under 5Ema?
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,979
  • Feb 16, 2017 4:48pm Feb 16, 2017 4:48pm
Quoting emmanuel7788
AUDNZD feb 17 D1 chart. I see it made a Lower High - Lower Low... but Spinning Top price bar/candle. But that APB/HA has very small body. What do you make out of the APB/HA with small body? How do you use that for your trade decision? {image}
Small candle like that = consolidation
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,980
  • Feb 16, 2017 4:49pm Feb 16, 2017 4:49pm
Quoting emmanuel7788
{quote} you mean D1 chart 5EMA, right? what about H4? do you see some risks in the H4 chart below? as the trader, how do you mitigate those risks? {image}
I see some support on both a/u and a/y on the 4 hour...I'll keep my gun in the holster for a little bit longer, anyway, wish you the best
the cautious seldom err....C
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