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Trading Made Simple

  • #105,461
  • Jun 14, 2020 2:35am Jun 14, 2020 2:35am
Quoting tobyzambetti
Hello traders. I'm kind of new here, well been coming here since 2012 but started trying to grasp your TMS 5-Method recently. I started by reading the first few pages on this thread written by eelfranz. I have been using an older method for the last 8 years and was curious as to how hard it is to learn the TMS 5-method. I trade on an Oanda MT4 platform. I downloaded the TDI indicator today and have always used a stochastic, so I'm familiar with that. I'm so used to staring at one single pair EUR/USD...
Quoting tobyzambetti
On The first few pages written by eelfranz, he doesn't use the 15 minute charts yet I see some of traders in here using it. Was wondering if you were going short term and if so how different is that using the TDI?
Quoting tobyzambetti
emmanuel7788 Thank you for the PDF's I appreciate the advice and will post some trades next week showing my method.
Hi Toby

The method we trade is the same 5-Method as the OP described in his posts Post#1, Post#261 and Post#647.

You can trade M15, H1 and H4 and you should know the trading hours for these 3 different timeframes. During this pandemic period I have more time available and I trade M15, H1, H4 in addition to my longer term swing trading on Daily/Weekly.

Below are my trading results for last Week Jun 08 to Jun 12 5 trading days. Some of the setups and trades I posted here in this thread. Next week would be the same I will post the trade setups when I see them or when I get the alerts on my mobile.

I am sure with your past 8 years trading experience and knowledge, you should be able to decide on which timeframe(s) you want to trade.

Week 24 Jun 08 to 12 M15 Trade Report
44 trades, 243 pips, $944 profit

Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 M15 trade report Jun 12.png Size: 34 KB


Week 24 Jun 08 to 12 H1 Trade Report
19 trades, 162 pips , $1520 profit.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 H1 trade report Jun 12.png Size: 35 KB


Week 24 Jun 08 to 12 H4 Trade Report
5 trades, 152 pips, $1342 profit.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 H4 trade report Jun 12.png Size: 23 KB


Be disciplined and Trade Well
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,462
  • Jun 14, 2020 2:42am Jun 14, 2020 2:42am
Trade Report download

see this Post#105,413

https://www.forexfactory.com/showthr...9#post13001949
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,463
  • Jun 14, 2020 7:06am Jun 14, 2020 7:06am
JPY pairs would be my greatest challenge to trade next week.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Jun 12 Close Daily 14-6-2020 1-26-56 pm.png Size: 28 KB


H4 buy and sell between 107 and 108, would chase buys above 108 on D1 if that happens.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Multi-charts Jun 12 close.png Size: 57 KB


TMS_V19 setting for alerts ...

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 25 TMS_V19 setting 14-6-2020 1-36-35 pm.png Size: 82 KB


Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,464
  • Jun 14, 2020 9:41am Jun 14, 2020 9:41am
Quoting emmanuel7788
{quote} {quote} {quote} Hi Toby The method we trade is the same 5-Method as the OP described in his posts Post#1, Post#261 and Post#647. You can trade M15, H1 and H4 and you should know the trading hours for these 3 different timeframes. During this pandemic period I have more time available and I trade M15, H1, H4 in addition...
Emmanuel I was wondering when you exit a trade. I've been trying out TMS. But I exit the trades way to soon. What exit strat has been working best for you?
  • #105,465
  • Jun 14, 2020 11:24am Jun 14, 2020 11:24am
For newbies:

Before you jump onto a particular bandwagon, investigate. Perhaps you heard the hype about 10,000 hours, or about start with 1,000 hours and repeat 10 times. Did you also investigate the professed 10,000 hours to masterdom? Check post #105,435,
To free Gazans of Hamas, use whatever it takes.
  • #105,466
  • Jun 14, 2020 2:25pm Jun 14, 2020 2:25pm
emmanuel7788 Thanks again for the information and links!

I have been using 5 -15 minutes charts to try and get 10 to 15 pips a day. I trade .5 units at a time on the EUR/USA pair which is about $1,000/US committed to each trade. If I can get 10 pips I can net $50 a trade. I tend to win 2 or 3 three trades then lose 2.

I do look at the daily chart first to see which way the market is trending then when a reverse trend move tires out or hits a support or resistance level I get in and use a 20 pip stop loss with a 10 pip take profit. I use Oanda MT4 but do not know how to print my profit loss tables like you do, for showing. I'm going to use the TDI indicators this week along with what I have been using.

One question I have for you is "What is TMS - V19 and how do I get i get a copy"
  • #105,467
  • Jun 14, 2020 3:41pm Jun 14, 2020 3:41pm
Quoting tobyzambetti
emmanuel7788 Thanks again for the information and links! I have been using 5 -15 minutes charts to try and get 10 to 15 pips a day. I trade .5 units at a time on the EUR/USA pair which is about $1,000/US committed to each trade. If I can get 10 pips I can net $50 a trade. I tend to win 2 or 3 three trades then lose 2. I do look at the daily chart first to see which way the market is trending then when a reverse trend move tires out or hits a support or resistance level I get in and use a 20...
Hi Toby

New York market will open soon ... in about 25 mins.

Trading EURUSD, don't rush into it. I wait till Tokyo session open and watch what happens in the first 3 to 5 hours then decide on trading M15.

TMS_V19, please go back to Post #105,460 above. You do have plenty of reading to catch up with this. But not to worry, I will be here to help you get started and move along.
https://www.forexfactory.com/showthr...1#post13002651

Below is TMS_V19 screen showing the setting I have done for trading EURUSD M15.
Note the settings shown.
I will explain them in the next few posts.

Attachment g

Trade Well and Trade Safe!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,468
  • Jun 14, 2020 4:01pm Jun 14, 2020 4:01pm
Quoting Egosu
{quote} Emmanuel I was wondering when you exit a trade. I've been trying out TMS. But I exit the trades way to soon. What exit strat has been working best for you?

Hi Egosu

When trading H4 and following Big E aggressive entry style and his conservative exit, use his TDI for exit. He also had other exit, like for example he would exit his H4 trades when the price pulls back 15 to 20 pips, he would exit. There are other exits, for example he exit his trades at 6AM PDT his local time.

My personal preference is use volatility based Capital Protection feature available in TV CaveManager trade manager EA plus the use of CandleStickTrailingStop.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,469
  • Jun 14, 2020 4:11pm Jun 14, 2020 4:11pm
Quoting emmanuel7788
{quote} Hi Toby New York market will open soon ... in about 25 mins. Trading EURUSD, don't rush into it. I wait till Tokyo session open and watch what happens in the first 3 to 5 hours then decide on trading M15. TMS_V19, please go back to Post #105,460 above. You do have plenty of reading to catch up with this. But not to worry, I will be here to help you get started and move along. https://www.forexfactory.com/showthr...1#post13002651 Below...

EURUSD Sunday Jun 14 NY Open ... GAP down

* do not trade those oscillators signals.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jun 14 NY Open GAP down 15-6-2020 5-06-41 am.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,470
  • Jun 14, 2020 4:27pm Jun 14, 2020 4:27pm
Trade from Friday so I’ll post it for today. Left it open. Target is 72.50 then will sell again if I see price blasting it to 72
Attached Image (click to enlarge)
Click to Enlarge Name: DA193134-9A34-4E24-8D5D-F45D24241B8D.jpeg Size: 319 KB
You will learn the most from your losing Trades
  • #105,471
  • Jun 14, 2020 4:37pm Jun 14, 2020 4:37pm
Quoting tobyzambetti
emmanuel7788 Thanks again for the information and links! I have been using 5 -15 minutes charts to try and get 10 to 15 pips a day. I trade .5 units at a time on the EUR/USA pair which is about $1,000/US committed to each trade. If I can get 10 pips I can net $50 a trade. I tend to win 2 or 3 three trades then lose 2. I do look at the daily chart first to see which way the market is trending then when a reverse trend move tires out or hits a support or resistance level I get in and use a 20...

Hi Toby

I have the same trading habit i.e. to look at my Daily and know where the action is.

On my Daily, I have mine usual Weekly and Monthly key price swing levels and I long the longer term and use these levels for my target TP planning.

However, trading M5 and M15, these levels may be too far away to consider and also the 'noise' factor of M15 and M5 charts may not make these levels of any good use. Trading M5 and M15, the Daily Open High Low Close OHLC of the previous days are more important and also the price round numbers are of significant play.
Not forgetting those swing highs and swing lows on M15 charts when trading.

My Daily Big Picture with the Weekly and Monthly key swing levels.
Note that large Weeky candle range and its high-low for H4 and Daily swing traders.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jun 14 D1 Big Picture 15-6-2020 5-16-43 am.png Size: 27 KB


and the usual TMS multi-charts showing the W1, D1, H4, H1 and M15 all on one big screen.
I pay attention to the 10EMA, 50EMA and 200EMA and the price action near them.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 25 mutli-charts 15-6-2020 5-20-24 am.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,472
  • Edited 5:17pm Jun 14, 2020 4:57pm | Edited 5:17pm
This is what my daily chart looks like...I need to add H4. Fixed it.
Attached Image (click to enlarge)
Click to Enlarge Name: daily chart.jpg Size: 207 KB
  • #105,473
  • Jun 14, 2020 5:12pm Jun 14, 2020 5:12pm
Then I have a second MT4 screen I made to look like eelfranz - Okay this should be better and thank you for pointing that out.
Attached Image (click to enlarge)
Click to Enlarge Name: second MT4 program.jpg Size: 218 KB
  • #105,474
  • Jun 14, 2020 5:16pm Jun 14, 2020 5:16pm
Quoting tobyzambetti
This is what my daily chart looks like...I need to add H4 {image}
You can also use the MACD(2,13,7) to replicate the TDI (13,34,2,7) default setting.
It is simple when you first look at the bigger picture price action then use the MACD(2,13,7) as TDI.
Attached Image (click to enlarge)
Click to Enlarge Name: MACD as TDI 15-6-2020 6-11-02 am.png Size: 85 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,475
  • Jun 14, 2020 6:19pm Jun 14, 2020 6:19pm
My usual M15 trading pairs during the Sydney-Tokyo open hours.... AU, AJ and UJ

With the SYD_2H over, now I wait for TOK open

Note the TMS_V19 settings for these pairs.

I use the Static entry which means I wait for the price bar/HA candle to close to confirm the setup.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Jun 15 M15 SYD2H 15-6-2020 7-07-44 am.png Size: 60 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Jun 15 M15 SYD2H 15-6-2020 7-14-56 am.png Size: 62 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Jan 15 M15 SYD2H 15-6-2020 7-15-33 am.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,476
  • Jun 14, 2020 6:28pm Jun 14, 2020 6:28pm
Quoting emmanuel7788
JPY pairs would be my greatest challenge to trade next week. {image} H4 buy and sell between 107 and 108, would chase buys above 108 on D1 if that happens. {image} TMS_V19 setting for alerts ... {image} {image}

AUDJPY Week 25 Jun 15 to 19 H4 swing trading

remember there are 29 H4 bars/candle in one week. If the market goes sideways wide range, then a swing of 3 to 8 candles is possible, We can buy and sell in this same week. Just learn to be patient like the OP Big E (patience of Job and Moses) and pick the best setups and the ones with price momentum.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 25 Jun 15 to 19 H4 15-6-2020 5-43-16 am.png Size: 89 KB


Note: this is H4, I use Dynamic entry and I have the trade window of between 30 to 60 mins during the H4 period to pull the buy/sell trigger. I look at the PA and the H1 TDI green price line too.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,477
  • Jun 14, 2020 7:09pm Jun 14, 2020 7:09pm
Quoting emmanuel7788
My usual M15 trading pairs during the Sydney-Tokyo open hours.... AU, AJ and UJ With the SYD_2H over, now I wait for TOK open Note the TMS_V19 settings for these pairs. I use the Static entry which means I wait for the price bar/HA candle to close to confirm the setup. {image} {image} {image}

AUDJPY Jun 15 M15 Tokyo Open sell entry

PA is Bearish Engulfing Bar / HA candle closed below 5EMA

Stoch cross 50-level

TDI golden cross - green cross red cross yellow, but careful with narrow VB.

TDI C1 M5 bearish....

note the Trend 2/8 M15 changed from Ranging to Bearish

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Jun 15 M15 sell entry TOK_Open 15-6-2020 8-03-41 am.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,478
  • Jun 14, 2020 7:16pm Jun 14, 2020 7:16pm
Quoting emmanuel7788
{quote} AUDJPY Jun 15 M15 Tokyo Open sell entry PA is Bearish Engulfing Bar / HA candle closed below 5EMA Stoch cross 50-level TDI golden cross - green cross red cross yellow, but careful with narrow VB. TDI C1 M5 bearish.... note the Trend 2/8 M15 changed from Ranging to Bearish {image}
Solid one brother!
  • #105,479
  • Jun 14, 2020 7:46pm Jun 14, 2020 7:46pm
Quoting Jeremy1998
{quote} Solid one brother!
it is not out of the woods yet.

there is RISK seen to the left...

last Friday' double bottom which was tested this morning during the Sydney first 2 hours.

there is rumour that Abe meets Aso and Kuroda this week, maybe today before tomorrow annoucement.

so we be prepared for the liquidity move.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Jun 15 M15 CSTSL _1 15-6-2020 8-45-34 am.png Size: 52 KB


moving my initial SL using CandleStickTrailingStop CSTSL and now reduced the initial risk of this trade to less than < 1R
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,480
  • Jun 14, 2020 8:07pm Jun 14, 2020 8:07pm
Quoting emmanuel7788
{quote} it is not out of the woods yet. there is RISK seen to the left... last Friday' double bottom which was tested this morning during the Sydney first 2 hours. there is rumour that Abe meets Aso and Kuroda this week, maybe today before tomorrow annoucement. so we be prepared for the liquidity move. {image} moving my initial SL using CandleStickTrailingStop CSTSL and now reduced the initial risk of this trade to less than < 1R

AUDJPY Jun 15 M15 Tokyo session

CSTSL update _2 ... some profit locked .. free trade situation ...

let it run and market will decide.

TMS_V19 EA will manage the CSTSL until then ....

while I make my groceries run now... making a beef steak pie for dinner today.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Jun 15 M15 CSTSL_update 2 15-6-2020 9-00-45 am.png Size: 63 KB


Trade Well Folks, and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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