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RickM replied Dec 21, 2017
Our exit strategy on the monthly control line method has to be tailored for our own personally. Theres still quite a few pips up to our next control line so there no chance it will get there this week. My plan is always to stay as long as ...Trading Made Simple
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RickM replied Dec 21, 2017Hi Irvanhidan There was a good Kings Bar into the monthly control line to end the last move. The perfect setup for us is consolidation around the control line to create a master Bar. Bingo Now we await for a large Bar to cross or leave from the ...
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RickM replied Dec 21, 2017Good trading Its amazing how price action seeks safety at the monthly lines. You will find if it goes into consolidation period here for a while, a big move will happen. We do not know which way or when but it will happen so we need to ready for ...
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RickM replied Dec 21, 2017TMS Monthly Control Line Method It may be late in the year but still in the AUDJPY trade. After a period of consolidation, a Kings Bar presented a good trade setup. My directional Bias is Buy. 1... Kings Bar presented itself in same direction as ...
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RickM replied Dec 20, 2017Calm down Diva. Thank you for your chart here and NOW I appreciate your trading skills because you are showing us something of value that may help us. You are explaining your methods and willing to share your years of trading experience. I ...
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RickM replied Dec 20, 2017No charts, got nothing of value to offer here. Come on Diva, if your’e got some real expertise in forex, now would be a time to prove your more than a person of one lines. Seriously let’s see your magic ?
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RickM replied Dec 20, 2017Like Tekkies said, new traders are attracted here because they need indicators to see market direction. Even racing drivers once held L plates on their cars once. Indicators help develop the learning process so should be applauded not dismissed by ...
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RickM replied Dec 19, 2017Gee, how many posts are you trying to run through here to keep your shiny badge
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RickM replied Dec 19, 2017AUDJPY - TMS Monthly Control Line Strategy There is a good setup coming soon on the AUDJPY. Will the market allow us to trade H4 this week or will we get our bums spanked. The orange line is the Weekly 10EMA so we know where the long term trend is ...
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RickM replied Dec 19, 2017Hi Jan I trade price action as it swings from one monthly control line to another. The Kings Candles are larger than normal candles that reach up to rest on a monthly control line as seen on the H4 chart. When this occurs there is normally a period ...
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RickM replied Dec 17, 2017Tekkies I make mistakes every day and it really p.....d me off when I should know better. Last year I compiled a complete trading plan on all my steps and actions I need to take to improve my trading results. The number 1 change I have made is to be ...
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RickM replied Dec 17, 2017Hi JMN5611 Yes, I agree with you. We need other reasons to trade rather than just take a simple cross. The problem is new followers to this thread will start at post 1 where Big E attempted to design a simple system. He was suggesting to new traders ...
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RickM replied Dec 17, 2017Last word before I bore anyone anymore. However this is price action talk. Forgetting about a cross for a minute, I must repeat we should never be scared to trade large candles. We should consider trading large bars or candles if they are leaving a ...
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RickM replied Dec 17, 2017Hi Tekkies It does not matter whether I am right or wrong, only whether it can give me a trading Edge. So far so good. Monthly lines are support and resistance lines. - YES, BUT THIS IS WHERE THE BIG PLAYERS ARE GOING, WE CAN SET TAKE PROFITS ...
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RickM replied Dec 17, 2017Yes, that was just a quick grab to show a point to a trader. It does show the power of the monthly resistance and support lines, but I learned this stuff of Emmanuel. For me the issue is how far in time to go back on monthly lines because too many ...
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RickM replied Dec 16, 2017On that AUDCAD, the market dropped big time soon after from the monthly and that would have given us a great TDI cross. If you didn't take that cross, you missed out on easy money. Who needs Bitcoin when we have these fantastic signals steering us ...
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RickM replied Dec 16, 2017This is another look at the strong desire by Bankers to reach safety at a Monthly Line when a big Kings candle reached out on the AUDCAD. Soon after the bankers when on a weeks holiday so price action when into a massive consolidation soon for days. ...
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RickM replied Dec 16, 2017Hi Bob Yes Monthly lines only, using methods designed by Strats in his PASR PDF
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RickM replied Dec 16, 2017Hi Tekkies I think we had a discussion a year ago about my exit rules, there's a reason why I stay in the trade as long as I can. See on the chart, I believe Big E didn't tell us the whole story. Price is moved not by a handful of small traders but ...
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RickM replied Dec 16, 2017Here Tekkies Its on my Laptop 4K screen, not my Desktop. MT4 dosen't work to well on a 4K screen, does anybody have any suggestions.
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