The candle formations just give me a "heads up" that a reversal is about to occur. The PCRF has proven to be quite reliable. However, EVERY trade I took this week was FOLLOWING a cross of the TDI green over red AT THE OPEN OF THE ENTRY CANDLE, so ...

Trading Made Simple

This weeks trades on EUR/AUD H1. Today, two very nice setups.....one at LO and the other before NYO. On both setups, TDI green crossed both red and yellow at the open of the entry candle, following Pullback Candle Reversal Formations. The crossing ...

Trading Made Simple

It is the Fibonacci channel. Go to the View tab on the top toolbar above your charts, move the cursor to Channels and drag the Fibonacci channel to your chart. Click on that new Fibo channel and open Properties. Change the Fibo levels to 1, 0, 0 and ...

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A new uptrend channel has formed on the EA pair. We will see how it plays out for profit targets next week. image

Trading Made Simple

MrAussieFX, A very interesting analysis but not completely accurate. I began following Big E a long time ago when he opened the Craig Harris thread. He was still developing the TMS method, so I had an opportunity to watch his trading methods grow ...

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The boxes are indicators. They are listed in the paperclip area at the top of the tread as London breakout box and NY session breakout box. As I stated above, I do not use them as breakout boxes, just session highs & lows and an easy way to watch ...

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Yes, it was a pending order that was picked up. Sometimes pending orders won't get picked up if price is moving too fast but in this case, it was. I actually set the pending order based on the PCRF that price formed just before the news release and ...

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I check the ADR on my charts.

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I'm think I did answer you but here goes again. I do not use the breakout box for entries or exits. My only purpose of having those boxes on the charts is to show me at a glance what the high or low of the session is and the total movement of the ...

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I look at the ADR to determine which pair I am going to focus on. The ADR for the EA pair has been among the top performers for several months so I focus on that pair right now. When trading one pair you learn the nuances of that pair after some ...

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My EUR/AUD H1 trades for this week...... image

Trading Made Simple

Yes.....your Asian session indicator appears to be set correctly. However you are showing 10 hours on your London session box instead of 9 hours.

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Simple answer.....my 1st London trade failed, so I took a nap and set my alarm to get up for the NY session. I saw an entry and made trade 1. On the second trade, I got a signal at LO and entered a trade and exited on a pullback. Once price moves ...

Trading Made Simple

This weeks trades on EA H1. Mostly London Open trades. image

Trading Made Simple

Obviously, I use the boxes for a different purpose than breakouts. I leave them on my chart all the time, even when backtesting, because I am only interested in seeing the beginning and end of each session and the high and low set by each session. ...

Trading Made Simple

I exit when there is a signal to do so. In this case, the time of day and the triple top tell me that price has probably moved up as far as it is going today. But as always, news or other events can move the market anytime. Most of the time, when ...

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One trade today on EA H1. Entered shortly after London Open when price broke above the previous candle. Exited manually following price setting a triple top. image

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Drewas, Sorry if I have painted a picture that I never have losses. I posted the one today just because I had pulled it up to the chart to review for myself why it had failed. I regularly have small losses but see no real benefit to anyone in ...

Trading Made Simple

Two trades today on EA H1....one loser and one winner. A new channel is forming so neither of the trades were taken with profit targets at channel lines. image

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I had three "Delivery Team Meetings" that morning, with all the delivery employees in our business, and was away from my computer for a couple of hours. I had already set the SL to 8 pips above the LO candle and was pleasantly surprised when price ...

Trading Made Simple