Time of day, SL and TP positioning may be disagreeable to the OP,....testing this strategy
B 6993; SL 6965; TP 7022
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B 6993; SL 6965; TP 7022
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DislikedSo maybe its possible the strategy just doesn´t work anymore the way BigE described it used to be...Ignored
Disliked{quote} I have not seen anyone lately actually use TMS or Trading Made Simple. Most of what goes on here is TMSE or Trading Made Something Else. TMS tells you these things 1. Trade the H4 from the Frankfurt to the US session. 2. Trade the H1 for the first three hours after the US open. So you have a maximum of 5 decisions each day. To monitor the H4, set an alarm 10 minutes before the bar is to close. Upon the close, check for a cross that makes sense (the Basics). If it is not there, next pair. You only do this 8 times and then it's off to your...Ignored
DislikedHey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....Ignored
DislikedKumo... No problem buddy... I guess what I don't like about the Dailys they have big pull back often and on a Daily chart that is a lot of pips... and as always I hate giving 1 pip back to my broker... I'll do more research on it... Thanks...Ignored
DislikedI'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...Ignored
DislikedTime of day, SL and TP positioning may be disagreeable to the OP,....testing this strategy B 6993; SL 6965; TP 7022 . {image}Ignored
DislikedOn the AUDCHF which I don't trade anyway but to let you know how it can be done. I will make it brief. 1. Look at weekly candle. Last week was a reversal candle. 2. On daily we have a bounce trade (Low probability but reversal on weekly is important) 3. On 4hr we are on the 3 candle. Meanwhile, we had signal already on the second candle which open at 0.6982 and 3rd candle open 0.6969 which is still a better price. Remember, if we enter on 4hr you will be checking every 4hr to see the progress. we expect to have 3-8 HA candle Note: Market session...Ignored
Disliked{quote} Well death also converts at some point it’s only a question of how fast you reach to that knowledge point before it doesn’t makes sense any longer if you reached there or not. So if you want to enjoy life while you actually be alive you better hurry up reaching at this point before you‘re gone...Ignored
Disliked{quote} And I cam here sh*ting on this thread without even understanding what the original TMS was meant to be. I feel really great now lolIgnored
Disliked{quote} Don't be so sure of yourself Chenzo. AU is going to about 0.724316 then into consolidation before heading back up. Take what little profit you have made before it is to late.Ignored
Quoting jmn5611DislikedIf you can count to six, you don't need to switch charts, you only need to count back 6 bars if on the H4 to get your daily directionIgnored
Quoting jmn5611DislikedMost of what goes on here is TMSE or Trading Made Something Else.Ignored
Disliked{quote} Well Rick, even if you would manage to have a portfolio of EAs booking you in CONSTANTLY a 50 pips instead of 2000 trading 50 lots each trade on EUR/USD for example would generate you a 20k/week. So you would be a millionaire pretty fast even on a small acount compounding that pips for just a few month. So what are you still here for may i ask ? I guess that 2000 pips with your portfolio of EA´s is taking each trade at 0.01 lots instead.... Well this is no magic i can do this too..Ignored
Disliked{quote} jmn5611 -- I've started using the LargeTimeFrame indicator you pointed me to -- it provides a nice visual cue and gives me confidence I'm choosing the right direction. {quote} Here are the steps I'm following -- am I trading TMS or TMSE? By the way, I'm only trading H4. Big E's schedule of 10p, 2a, 6a works fine by me. Step #1. Potential signal (i.e. potential entry) a. green crosses red, plus the angle is sufficiently steep b. use stochastic to confirm direction c. confirm this is candle #1 or #2 Step #2. Verify the potential BUY / SELL...Ignored
Disliked@Tekkies Is there a way to see at what exact time/price the TDI green/red cross hapened in the past? Example H4 chart. {image} I am not sure here at what point it did. For me visually it could first clearly see TDI green/red crossed at the second blue candle. As a result, in this case the entry according to BigE´s rules would be the opening of the third blue candle´s open price right? If it crossed within the first blue candle. My entry would have been to late (which it it looks like it was already by what i see now). Putting a vertical line on...Ignored
Quoting jmn5611DislikedActually, you are right on target. Just remember, Entries at 10p and 2a, out at 6a.Ignored
Disliked{quote} Wow you must be a prophet. To the exact number? Tekkies, if you haven't understood already... I don't listen to traders on Forex Factory. I am my own trader. If I wanted or needed advice, I would be following traders and actively trying to learn on a thread. I have found my way of trading and have been doing really well not listening to what others think of price. I see charts differently because I think different than the 95% that are losing. Do I have losing days? Of course, but they are rare as I try and pick the best set ups....Ignored
Disliked{quote}my problem is trading multiple EAs requires a lot of equity as we have to divide it up between many accounts.Ignored