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  • #76,401
  • Feb 26, 2017 10:07pm Feb 26, 2017 10:07pm
Quoting emmanuel7788
{quote} a pic can explain ... {image}
Hi Emmanuel

Is this something that one of many CONTINUATION trades. Inside bar break out last day candle on D1, W1 as well.

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  • #76,402
  • Feb 26, 2017 10:57pm Feb 26, 2017 10:57pm
2 NZD cross pairs, with potential to short off HTF R.

Waiting for H4 chart to decide which pair is the better to trade this week.

AN coming off rejection of previous R on W chart last week. D showed a hanging man at the R last Wednesday. Followed by 2 strong red candles Thursday and Friday. Using H4 chart for a better entry price.

NU had an inside bar Friday. but could now be stuck in a tight range on D. W showed a bearing engulfing recently at R level.

Undecided which is best to trade.
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  • #76,403
  • Feb 27, 2017 1:00am Feb 27, 2017 1:00am
AUDCAD Week 09 Feb 27:

We have a big candle on Friday and now H4 is sideways. A lot of noise in the lower timeframes this morning.
Will be looking at what happens around 1.0050 and look of short term sell with near term target at 1.0000.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,404
  • Feb 27, 2017 1:02am Feb 27, 2017 1:02am
Quoting inforserve
{quote} Hi Emmanuel Is this something that one of many CONTINUATION trades. Inside bar break out last day candle on D1, W1 as well. {image}

Yes. When we have a Weekly setup and the daily follows, it will be CONTINUATION trades to look for.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,405
  • Feb 27, 2017 1:12am Feb 27, 2017 1:12am
Quoting emmanuel7788
{quote} Yes. When we have a Weekly setup and the daily follows, it will be CONTINUATION trades to look for.
Thanks !!!
  • #76,406
  • Feb 27, 2017 1:51am Feb 27, 2017 1:51am
Hi all.
What you say about EURCAD H1?
We have Pop-Gun Pattern on D1 chart and Bearish Friday.

Do you look at enter down?
Attached Image (click to enlarge)
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There is no reason to trade if there is no reason to trade.
  • #76,407
  • Feb 27, 2017 2:01am Feb 27, 2017 2:01am
Quoting marionetka
Hi all. What you say about EURCAD H1? We have Pop-Gun Pattern on D1 chart and Bearish Friday. Do you look at enter down? {image}
the Friday's bar is an outside bar OB is correct, but
the overall looking at Wed, Thurs and Friday , that is not a Pop Gun.
For a Pop Gun, Friday's High-Low must be larger than Wednesday's High-Low.

see this post example:
http://www.forexfactory.com/showthre...98#post9195698

also this pdf:
http://www.forexfactory.com/showthre...95#post6779095

anyway, EURCAD is in very narrow range trading so no fun trading this now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,408
  • Feb 27, 2017 2:09am Feb 27, 2017 2:09am
[quote=emmanuel7788;9601932]{quote} the Friday's bar is an outside bar OB is correct, but the overall looking at Wed, Thurs and Friday , that is not a Pop Gun. For a Pop Gun, Friday's High-Low must be larger than Wednesday's High-Low.

This is very good point. I missed it.
Thanks a lot.
There is no reason to trade if there is no reason to trade.
  • #76,409
  • Feb 27, 2017 2:33am Feb 27, 2017 2:33am
When doing the BIG PICTURE PLANNING, What are some of the things do you look out for?
-Reversal
-Continuation or
-Support and Resistance levels or What?

Why do one choose a particular pairs to be traded after BBF?
  • #76,410
  • Feb 27, 2017 2:38am Feb 27, 2017 2:38am
EURGBP Week 09 big Picture with BN levels

Looking at the previous weeks reversal, it happened between 0.8550 and 0.8575.
Now the price action is between 0.8525 and 0.8550.
Look at the TDI, where the last reversal took place. Can the next reversal happen at the same TDI level? What did Big E said about using the TDI reversal?

Pivots users - Do Not draw your weekly pivots backwards into the chart history. Every new week will have new pivots levels calcualted from the previous week' data.
But when you look at the previous price action PPA you should use BN levels at different intervals. For this EG pair, you can set the interval to 25 pips.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,411
  • Feb 27, 2017 2:49am Feb 27, 2017 2:49am
Quoting nanacarter
When doing the BIG PICTURE PLANNING BPP, What are some of the things do you look out for? -Reversal -Continuation or -Support and Resistance levels or What? Why do one choose a particular pairs to be traded after BBF?

The first most important thing I get out of doing top down analysis Big Picture Planning is to determine the MARKET TYPE first.
Knowing the MARKET TYPE will make help in your trade plan decision whether you can trade with the 5-Method or not.

The 5-Method is not suitable in trading the sideways Narrow range market type.
You can trade the Trending market type and sideways Wide range market type with good results.

The second important thing in doing BPP is to see where the Previous Price Action PPA in different timeframes.
MN - to see the Historical Price swing levels which I use for planning my D1 Position Trading.

The third important thing I get out of my BPP is the Weekly chart condition if I can trade the 4H swing buy and sell during the new week.

... more,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,412
  • Feb 27, 2017 2:50am Feb 27, 2017 2:50am
Quoting emmanuel7788
Is trading with Price Action too complex and complicated for you? If you want to learn every thing about price action, then it will complex and complicated. How to 'keep it simple'? Learn only the price action bar patterns or candletstick patterns which appears most frequently on our trading charts. You don't need know 100 of those bar /candlestick patterns. All you need is to know the 10 basic and common ones. Instead of calling them big candles and small candles, they all have proper names we find them in trading books. If you don't learn to trade...
Emmanuel please can list 10 CS patterns , this weekend I have studied few from resources you have mentioned.

Also I took a trade of the D1 chart AUD/USD if you can review.
(First D1 trade posting on the forum)

Thanks
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  • #76,413
  • Feb 27, 2017 3:25am Feb 27, 2017 3:25am
Quoting mazibee
{quote} Emmanuel please can list 10 CS patterns , this weekend I have studied few from resources you have mentioned. Also I took a trade of the D1 chart AUD/USD if you can review. (First D1 trade posting on the forum) Thanks {image}
One member Erl did many of you all a big favour by compiling my posts into pdfs.

First you learn from these posts the common price action bar patterns I use.

http://www.forexfactory.com/showthre...97#post7188097

http://www.forexfactory.com/showthre...61#post6890761

You do not need to learn hundreds of bar patterns and candlesticks pattern. Learning the most common 10 patterns is more than enough. Anything more than my 10 fingers can count is far too many for me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,414
  • Feb 27, 2017 3:28am Feb 27, 2017 3:28am
Quoting emmanuel7788
{quote} The first most important thing I get out of doing top down analysis Big Picture Planning is to determine the MARKET TYPE first. Knowing the MARKET TYPE will make help in your trade plan decision whether you can trade with the 5-Method or not. The 5-Method is not suitable in trading the sideways Narrow range market type. You can trade the Trending market type and sideways Wide range market type with good results. The second important thing in doing BPP is to see where the Previous Price Action PPA in different timeframes. MN - to see the...
Thanks very much, its helpful..... More? want to know more.............
  • #76,415
  • Feb 27, 2017 3:38am Feb 27, 2017 3:38am
Quoting emmanuel7788
{quote} One member Erl did many of you all a big favour by compiling my posts into pdfs. First you learn from these posts the common price action bar patterns I use. http://www.forexfactory.com/showthre...97#post7188097 http://www.forexfactory.com/showthre...61#post6890761 You do not need to learn hundreds of bar patterns and candlesticks pattern. Learning the most common 10 patterns is more than enough. Anything more than my 10 fingers can count is far too many for me.
Extremely thankful Emmanuel
  • #76,416
  • Feb 27, 2017 4:23am Feb 27, 2017 4:23am
Quoting nanacarter
{quote} Thanks very much, its helpful..... More? want to know more.............

You want to know more., you must pay the 'tuition fees'.
Start by posting charts and show how you trade with all the information which you already learn from this thread.
Ask questions with charts.
Read and you will forget very easily.
Do and you will learn much quicker.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,417
  • Feb 27, 2017 4:48am Feb 27, 2017 4:48am
Quoting emmanuel7788
{quote} Hi Guido, I read one post that you have question about this old EURUSD post 75954 http://www.forexfactory.com/showthre...36#post9564636 {image} Questions is: Did Big E check his lower timeframe when he trade? Answer: Yes, sometimes he did. Other times he did not. That is his discretion. Read his post#3797 in the old thread where the 5-Method started. Let me know what you think of his post 3797. Did he check lower TF, why and what did he look...
Hi Emmanuel

Hmmh.
I read this post twice....and thought good about what kind of " trader - conservative , or even agressive " I am ..

The answer is simple ..
With the Single entry.. Im agressive .. jump in .. first candle or second .. and I don t care about the MBL ..
.. reason : I don t catch the whole trade by itself .. just a scalp until a " resistance like round number.. or even my loved 50 Ema .
.. but Im long enough to trading ( 7 years+ ) to know :
Nothing is written in stone .. and I can see more and more advantages to MeMe ..
Why ?
When I trade intraday, I like the smaler timeframes as well .. and there happens ( too often for my taste ) the same stuff:
I see a wonderful entry.. priceaction formed a bottom , price/ candle touched a round number or so before and it looks like the price wants to reverse after a good move.
.. I jump in the trade with a wonderful trade at the first moment ( first or second candle colour change ).. SL below last low/ high
But then , price moves back , hunts/ takes my SL , builds a divergence and runs in my favour to my former TP .

.. happens in all timeframes with me incl. Daily .

Exactly these are the trades , what I want to master with the MeMe or MeSe ..

Back to the question " conservative or agressive " ..
With a MeMe would try the conservative entry more and skip agressive ( not sure yet ) , because my fear to hunt a wider SL isn t relevant then anymore ,
what gives me more advantages and does not limit my view for this case .

At the moment I try my first " tools" and MM ideas in background , backtesting them in a early stage ..
And forwardtesting very soon on a demo .

What would be really helpful is a MeMe / (MeSe ?) D1 thread to discuss trades , when they appear .. without any noise or other stuff .

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #76,418
  • Feb 27, 2017 5:43am Feb 27, 2017 5:43am
Quoting Valentinik87
hello to everyone, unfortunately I participate too little because I did not have much free time between full time job nice weekend! {image} {image} {image} {image}
I have the same " problem " after I closed my company end of 2015.

The daily chart is possible to trade for me , because intraday my time is very limited.
May be itīs also a good solition for you ??

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #76,419
  • Feb 27, 2017 5:48am Feb 27, 2017 5:48am
Quoting emmanuel7788
EURGBP Week 09 big Picture with BN levels Looking at the previous weeks reversal, it happened between 0.8550 and 0.8575. Now the price action is between 0.8525 and 0.8550. Look at the TDI, where the last reversal took place. Can the next reversal happen at the same TDI level? What did Big E said about using the TDI reversal? Pivots users - Do Not draw your weekly pivots backwards into the chart history. Every new week will have new pivots levels calcualted from the previous week' data. But when you look at the previous price action PPA you should...
Hi emmanuel, what is the name of your indicator? The RN and Pivot one, because mine are looks like this. I want my chart looks as simple as possible, just like yours.
Thanks
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  • #76,420
  • Feb 27, 2017 7:55am Feb 27, 2017 7:55am
Quoting emmanuel7788
{quote} One member Erl did many of you all a big favour by compiling my posts into pdfs. First you learn from these posts the common price action bar patterns I use. http://www.forexfactory.com/showthre...97#post7188097 http://www.forexfactory.com/showthre...61#post6890761 You do not need to learn hundreds of bar patterns and candlesticks pattern. Learning the most common 10 patterns is more than enough. Anything more than my 10 fingers can count is far too many for me.
For PA, I should look from the normal candle stick or from henki aski?
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