TYG's Story: Thoughts, Trades and Technicality

hi @TYGMedia, my apolgies i forgot to send a picture of it haha.

this is the one im talking about

base drop rally 4hr


1hr

that is pretty insane. Do you ever trade like that still

Hi @tomo22

I also watched a few YouTube videos about Rally Base Rally and Drop Base Rally, which is some kind of Supply and Demand zone concept.

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Hi @tomo22, yes, sometime I still do it, but now I know when the right moment is.
I never use more than 5k. Mostly after I reach 100%, I will withdraw all, start again from 5k.

Sometime, my balance may drop to almost 2k, when market is indecisive.
Reaching 100% can be done in within 3-6 weeks. Sometime when lucky, hit 200%.
During covid, once I almost hit 800%. But, it’s rarely done.

I can’t always trade this way. We need good momentum. Last year, I could trade this way for 7 times. Two of them, didn’t perform well. But the rest, I made around 100-200% each time. This year, I haven’t gotten right momentum for it.

Once more, never think of trading this way with big fund. The tension and threat are completely different.

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Hi @tomo22,

The narrative is when we see RBD or DBR, it’s always indicating a reversal.
Back to my concept, SnR, Market Range, Pattern and Phase.

When you want to trade safely, you have to make decision base on Strong TF.
For GBPUSD, that will be H4 or D1.

From Market Range you can probe how it moves, mitigate where the price will go.
When the price is approaching the area you want to prepare a position.
The question is when and what is the price?

When you just look at H4 and D1, you only can see candle stick. So, can you analyze the price by using candlestick formation? Doji, Engulfing, Harami or rely on SnR only?
It will be inadequate. You need to go to LTF to collect more information.

By doing so, from 1 single candle, it produces many candles, more details, more information. You will see more bases. The bases can be still RBR or DBD.
So even on HTF you already see FVG, price is getting close to FVG, when you trade FVG you should have opened a position. When you go LTF, you only see RBR and DBD. If this is the case, It won’t be good to jump in. Just wait a little while. Waiting for RBD or DBR.

Once you see RBD and DBR on LTF … when the MR is match with your risk appetite, go hop in … be a cowboy, riding the horse, catch the bull :grin:

There will be time, you see good position. But when the MR doesn’t fit your risk profile, just stay away. We need to know our level, mind your risk more rather than the profit. All of us can bear any profit level, but all of us has different comfort zone. For me, risking 5% in 5k account, won’t be an issue, while others may think of risking 1% in 1k account has been a terrible nightmare.

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Okay thank you @TYGMedia, this will take a while to learn but I’m eager

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Trades: USDCAD is still No Direction


I really has no idea where USDCAD will be heading to. As we can see, the battle map is telling USDCAD is happily in sideways, there is indecisive rough gap. It’s telling the market is waiting for something. Mostly it’s related to the fed’s rate cut?

I wait USDCAD until I feel expired. This is one of my favorite, in par with to EURUSD. The nature is similar, when I want to buy fried chicken, KFC or AW. :thinking:

EURUSD is more attractive to jump in now. The battle map is easier to read.

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i just wanted to clarify the gap is between two bases correct? does that gap have to be a singular candle or can it be mutiple? i understand of different tf it may apper differently such as on 1hr you might have mutiple candlesticks however, on 4 hr you may only have one, but if you are marking gap on 4hr and you see mutiple candlesticks between two bases can we mark the difference between two bases as gap?

i think i may be confused on GAP again in terms how to locate it. I understand bases, however, locating and understanding the gap as well when to buy when price enters GAP is confusing to me

@tomo22 I am sorry to interrupt your and @TYGMedia conversation.

But, if you look at an HTF, a single pin or engulfing bar is considered the Base on D1, H4 TF. When you check it on LTF e.g., H1, M15, or M5 TF, you will see the multiple candlesticks prints as a rangebound pattern.

And, you may get a buy or sell position after the breakout and confirmation either based on one single bar at HTF or multiple bars at an LTF.

I think the concepts of RBR, DBD, RBD, and DBR are the terminologies used for the old Price Action Continuation and Reversal patterns.

This is my understanding, which might not be correct.

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doesnt it depend on direction for instance if the singular pin is in a downtrend then perhaps its considered GAP/DROP whereas, if the pin was in a sideways range then it may be considered a base were mutiple candles open correct.

hi @Sufshiken, do not be sorry i respect all insight! :smiley:

my issue is locating the actual gap and what triggers us to buy, such as where can we place entry?

currently i am attempting to locate RBD patterns SNR and attempting to find gaps on LTF and HTF it is challenging as this is new but i have found one on EUR/USD a couple days ago

1hr GAP between two bases

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Hi @tomo22,

I think we need to have live session :sweat_smile: … But, don’t how to do it … youtube live, google meet :sweat_smile::sweat_smile:

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Hi @Sufshiken,

No worry, I am very happy, finally I can have trading buddy, sharing our thoughts about market. I respect every opinion … it helps me to grow, trading for 20+ years, it doesn;t mean I’m alway be the right one.

Sometime, I got an idea from my son about how to trade better. :thinking: :sweat_smile:

You are correct about this. But there are many time, we can see the excess of GAP beyond 1 candle. THis is why I look for base, instead of relying on 1 candle.
On HTF, one small candle can indicate base. But to have more detail, we need to go down LTF. :slightly_smiling_face:

Yes this is the old school teaching. we have to use it properly to indicate our entry point.

Most article about RBD, … are incomplete. It’s just telling reversal or continuation. There is more thing can be used by analyze R B D

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okay sounds good, youtube live is fine!

Hi @tomo22

Please let me know once you have joined in .

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sorry @TYGMedia just saw this

Hi again @tomo22

As I mentioned earlier an Engulfing candle on LTF can be seen as a Pin Bar on HTF and multiple candlesticks (rangebound/consolidation) on M15, M5, or M1 TF.

There are certain rules for trading Pin Bar in Price Action for getting confirmation of the trend continuation or reversal, whether it prints on major SnR, SnD, SH/SL, RT/RB, BSL/SSL, Liquidity Sweep areas, sideway range, or in normal candlestick patterns.

1- Bullish Candlestick with long upper Wick:-
When it prints in any major area or sideway range or in between the other candlesticks during any trend, we should wait to print the next candlestick:

If the next candlestick high respects the 50% Wick of the previous Pin Bar, then there is more probability of a trend reversal or printing a bearish candlestick in the sideway range.

Otherwise, when the next candlestick high disrespects the 50% of the Wick of the previous candle in any trend or the sideway range, then there is more probability the trend will continue in the same direction.

2- Bearish Candlestick with long lower Wick:-
Just opposite rule # 1 for Bearish Candle with long lower wick which prints either in sideway range, in any trend, or at any major SnR area.

Perhaps, my above observations seem to be correct and are also relevant to your question.

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Great video TYG,

How far back do you backtest, and how many instruments do you use it on?

John

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Best of luck to trade with your trading buddy.

Many thanks, @TYGMedia. Whenever you think that I am indulging in your thread or becoming a bothersome, then please let me know. However, I will try to view and read your and others’ posts only.

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Hi @fishmoyne1,

I have been using it since 2006. I got smacked by market 2009-2010, stopped for a while, healing bruises on my wallet, mentallity and pride, before start again in early 2011.

I am using it with many pairs with specific adjustment for each.
I trade

  1. Metal, XAUUSD, XAGUSD, XAUAUD
  2. Major FX, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY, AUDUSD.
  3. Minor FX, AUDCAD, GBPJPY, EURGBP, EURCHF, AUDJPY, EURCHF
  4. Index DE40, DE30, US30, US500, UK100, HK50
  5. Energy: WTI, XTIUSD

I don’t trade them everyday. Only when I see there is good formation, then I will consider to monitor it.

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Hi @Sufshiken,

Don’t worry, feel free to write and visit this thread. I like your attitude, it will bring a lot of benefit for other traders. I limit my self giving comments to unknown person to avoid more incidents :sweat_smile:

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