Thread: Trading Made Simple

EURJPY Feb 05 H4 LO

Many would not trade against the D1 W1 and MN.

But some might.

Originally Posted by ;

#9997;The Commnts of Traders (COT) Reports #8213; Week #59755; The report breaks down each Tuesday#8217;s (Wednesday, GMT 8) Open Interest and provides us a strong view on what the big men have been doing in the marketplace and what their aims might be. It is issued every Friday (Saturday, GMT 8) and includes info from Tuesday to Tuesday. The 3 days aren't included. #9755; This really is an essential tool for gauging long or short term belief in Futures or Forex market. It is highly advisable not to use COT...

This may be a lot easier to read....

https://www.oanda.com/forex-trading/...nts-of-traders

EURNZD Feb 05 H4

do we now have a swing high confirmed?

GBPJPY H4 Feb 05 transactions closed

first two trades exited when price pulled back following entrance.
3rd trade help on until TP 100pips

AUDJPy Feb 05 H4 commerce closed. Loss -20pips.

Exit when price pulled back and HA close changed colour.

GBPUSD Feb 05 H4 trade currently shielded at BE 50pips.
Wait for TP place to 100pips.

Originally Posted by ;

GBPUSD Feb 05 H4 trade now shielded at BE 50pips. Wait for TP place to 100pips. image

-- and One nails it always--

Excellent trading.

Initial week this year with MeMe aproach with me

EN GN,Ucad in drama

Not certain how your TMS indies would pair up to an EW approach? I think entries will be postponed.

Dow earlier;



Current;



Remember from preceding; when the 3rd tide is extended, look for the 4th tide to retrace 23.6% of the 3rd. We want Divergence to form.

The bigger picture shows the first set responding at the 38.2% retracement level, therefore we take these fibs and stretch them from the onset of the next set. These are all clues about what to expect next;



Knowing how to read fibs properly, can place you on your way. If you expect a move already and your TMS signal affirms it, it would be nice to have that additional assurance, would it not?

I think I said this one before on here.

Look for Routine Divergence to happen between waves 3 5 endings.

Here is the NQ chart (but it could easily be your favorite FX chart);



Take your fibs for waves 0-3, stretch them off of end of wave 4. Here wave 5 is exactly 38.2 percent of waves 0-3, to the pip and PD types involving wave 35 ends.

Originally Posted by ;

quote can you please share that volatility indior? Ive been on the lookout for something like this. Thank you

It's a industrial indior that was issued by the vendor and it will not work if I place it here. It is customized by them to the buyer.