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Trading Made Simple

  • #116,841
  • Feb 10, 2021 4:09pm Feb 10, 2021 4:09pm
Quoting emmanuel7788
{quote} Hey Folks AUDUSD Feb10 H1 @tommydogie is a newbie and failed to understand Big E Post#647 and use that as the basic checklist when trading. Look at this big picture below using pipware multi-charts. 1) Weekly PA is trend above its 10EMA,Close ( 5EMA,Typical Price, Shift+2 or Shift+3) 2) Daily PA is also above its 10EMA 3) H1 look for buy setup and avoid trading against the Weekly and Daily 4) H4 check for HA PA above 10EMA Close ( 5EMA,Typical Price, Shift+2 or Shift+3). Pick only the best setup like as Big E this many times. I pick only...

AUDUSD Feb11 Sydney Open

- what has changed since my last post?

- very little, Weekly still the same. Daily shows no reversal candle setup.

- today several Asian markets will close early for the Chinese Spring Festival holidays, expect more 'gamblers' / speculators coming to the world's 'glorified casino'

- if I short H4, I will target the 50EMA, expect reaction around its 5EMA and RN plus the previous price action PPA as we see to the left on H4.
Attached Image (click to enlarge)
Click to Enlarge Name: AU Feb11 pipware 11-2-2021 6-04-22 am.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,842
  • Feb 10, 2021 4:18pm Feb 10, 2021 4:18pm
EURUSD Feb11 H4 at Sydney Open

- we have a "strong sell' on EU H4
- you know the Big Picture and the market today

- you have to mitigate the risks of this setup condition

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor feb11 H4 strong sell 11-2-2021 6-14-50 am.png Size: 12 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU Feb11 H4 pipware 11-2-2021 6-15-29 am.png Size: 56 KB


Trade Safe.

Cheers!
big EMM
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,843
  • Feb 10, 2021 4:23pm Feb 10, 2021 4:23pm
GBPUSD Feb11 H4 at Sydney Open

- both Weekly and Daily are clear to me.

- H4 shows a pull back now

- I wait for the best setups where A+++ 10 conditions must be fulfilled.

- check H4 again at Tokyo 3pm, then at 1AM EST and at 5AM EST .

Attached Image (click to enlarge)
Click to Enlarge Name: GU Feb11 H4 pipware 11-2-2021 6-18-58 am.png Size: 56 KB


Trade Safe.

Cheers!
big EMM
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,844
  • Feb 10, 2021 4:28pm Feb 10, 2021 4:28pm
Is that true that many people say 95% of traders lose money?

but then there are some will tell you otherwise,

"Why 99% of traders lose money"
https://www.forexfactory.com/thread/...ers-lose-money



Did you lose money trading the last 3 years - 2018, 2019 and 2020?

Have you review all your trades and learn from your losses?

What plan do you have now to remedy that losing streak?

I know many traders who lost money have one same common problem.

FF member hanover whom I consider a honest person and a distinguished member in our FF trading community has these to say:
read them { here }
https://www.forexfactory.com/thread/...18#post9463418
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,845
  • Edited 7:10pm Feb 10, 2021 6:38pm | Edited 7:10pm
Quoting tommydoginti
{quote} Summary of TMS indicators and rules #116,780 Examples of recent charts #116,757 Some legacy training charts from BigE #10736 The uptrend of EU AU and downtrend of UJ seems to brake down as they all went into a major price level about an hour ago. TDI green crossed red in current candle For example, AU. Notice the 1H...
*Edit: I woke up too early

No FOMO, No rush
Top down analysis for identifying price levels of interest
Bottom up to pick up momentum and confirmation
TMS for trigger

H1 AU
TMS sell cross, candle #2 before it closed

H4 and above identify major resistance.
M15 observe how price reacted. triple top showed a strong resistance and likely drop/consolidation
H1 wait to see TMS cross sell signal
M30 confirm a completed TMS cross sell signal just before H1

Sell. Set SLTP, then sleep and wake up and close it with whatever it has.

Why so much predictions? We are not prophets. Break out? I will consider AFTER that.

H1
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M30
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  • #116,846
  • Feb 10, 2021 6:46pm Feb 10, 2021 6:46pm
Quoting emmanuel7788
Is that true that many people say 95% of traders lose money? but then there are some will tell you otherwise, "Why 99% of traders lose money" https://www.forexfactory.com/thread/...ers-lose-money Did you lose money trading the last 3 years - 2018, 2019 and 2020? Have you review all your trades and learn from your losses? What plan do you have now to remedy that losing streak? I know many traders who lost money have one same common problem....
May I quote him to remind Fake TMS gurus.

No Blessing3, no averaging down. No bluffing about P/L. Having 1100 with 3.95 lot and ~750 for 3 lot? That is pretty inefficient and lock up heaps of capital. Suggest to read this

Lack of knowledge (of trading tools)
Over-reliance on money management (including ideas like same-pair hedges, baskets, grids, averaging down recklessly, martingale variants)
Adherence to "$250 to $100,000 in 6 months" type notions
Over-reliance on automated systems (EAs)
  • #116,847
  • Feb 10, 2021 8:32pm Feb 10, 2021 8:32pm
Quoting hasib
when BTC price is fall I told It will rise again. Btc is not over yet. I wish I have one BTC coin today. It will hit 70k to 100k {image}
Since you also follow RockzFX, his favourite PA is retest pullback double/triple bottom, which was at 29500. His strategy would enter at next candle close after the 3rd time retesting 29500, which would be ~34000

His PA can work with TMS because also a reversal-confirmation entry at entry timeframe and trend following on HTF
  • #116,848
  • Feb 11, 2021 12:16am Feb 11, 2021 12:16am
Quoting emmanuel7788
EURUSD Feb11 H4 at Sydney Open - we have a "strong sell' on EU H4 - you know the Big Picture and the market today - you have to mitigate the risks of this setup condition {image} {image} Trade Safe. Cheers! big EMM

TMS Monitor Feb 11 Tokyo 3PM, 1am EST 10PM PDT

- quite a few alerts

- pick one from each group, you have 5 trades and you have 60:40

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Feb 11 1AM EST 10PM PDT11-2-2021 2-12-30 pm.png Size: 42 KB


- then check again in 4 hours time.

Cheers!
big EMM
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,849
  • Feb 11, 2021 12:41am Feb 11, 2021 12:41am
Just pick these pairs,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UC Feb11 H4 Tokyo 3pm 11-2-2021 2-37-26 pm.png Size: 52 KB
Click to Enlarge Name: AJ Feb11 H4 Tokyo 3PM 11-2-2021 2-26-19 pm.png Size: 50 KB
Click to Enlarge Name: AUDSGD Feb11 H4 Tokyo 3PM 11-2-2021 2-25-28 pm.png Size: 51 KB
Click to Enlarge Name: AC Feb11 H4 Tokyo 3PM 11-2-2021 2-24-32 pm.png Size: 51 KB
Click to Enlarge Name: GA Feb11 H4 Tokyo 3PM 11-2-2021 2-23-51 pm.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,850
  • Feb 11, 2021 12:58am Feb 11, 2021 12:58am
Quoting emmanuel7788
{quote} TMS Monitor Feb 11 Tokyo 3PM, 1am EST 10PM PDT - quite a few alerts - pick one from each group, you have 5 trades and you have 60:40 {image} - then check again in 4 hours time. Cheers! big EMM
Summary of TMS indicators and rules #116,780
Examples of recent charts #116,757
Some legacy training charts from BigE (@eelfranz) #10736

Predicting the market is impossible and TMS does not need to predict the market.
8 Hr ago EU showed "Strong sell" when a strong bearish H4 candle was forming /formed. Of course it was. It was the "current picture" everyone can see from the candle size and color. Now the three amigos are in Buy bias... And in previous post yelled Breakout!.. La donna e mobile!

What it didn't tell is price retested the Daily QM zone for the first time. That's the big picture.
How price would go after the retest, Breakout? Consolidate? Reverse?

BigE:
#779 "I depend on the TDI for signals... then as I posted I look for the BASIC things a fx trader should look for before entering a trade."
#4810 "On the TDI. Wait for the green line to cross the red line before considering an entry"
#7088 "IF green crosses red in the TDI mid candle I would evaluate PA before entering..."

If not understanding the meaning of this TMS rule, trader will forever chasing the market and buying at tops and selling at bottoms.

Just like #116847. observe the TDI and price action at levels identified to be likely forming a setup. You just wait for that to happen as confirmation.

Take EU, set an alert at 1.214 then one at 1.216 for bias change. Set one more TDI sell cross alert as upswing exhausts and see where price will be. Before any alerts come, just sit and wait, watch some Netflix. No need to predict whether it should go up or down now.

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  • #116,851
  • Feb 11, 2021 1:17am Feb 11, 2021 1:17am
Quoting tommydoginti
{quote} Summary of TMS indicators and rules #116,780 Examples of recent charts #116,757 Some legacy training charts from BigE (@eelfranz) #10736 Predicting the market is impossible and TMS does not need to predict the market. 8 Hr ago EU showed "Strong sell" when a strong bearish H4 candle was forming /formed. Of course it...

Trading Made Simple... the only summary I need are these 3 posts by the Op Big E.

Click and read One, Two and Three

We do not need a newbie with less than one year trading experience and do not trade TMS 5-Method for his daily nonsense summary.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,852
  • Feb 11, 2021 2:10am Feb 11, 2021 2:10am
Quoting tommydoginti
{quote} Summary of TMS indicators and rules #116,780 Examples of recent charts #116,757 Some legacy training charts from BigE (@eelfranz) #10736 Predicting the market is impossible and TMS does not need to predict the market. 8 Hr ago EU showed "Strong sell" when a strong bearish H4 candle was forming /formed. Of course it...
Summary of TMS indicators and rules #116,780
Examples of recent charts #116,757
Some legacy training charts from BigE (@eelfranz) #10736

BigE : #7088 "IF green crosses red in the TDI mid candle I would evaluate PA before entering..."

Alert went off. Price went to structural levels as of H4 H1 on AU

Scale down to lower time frames and look for TMS TDI crosses.
M5, TDI sell cross w/ div + QM
M15, TDI sell cross
H1, nothing yet.

At this moment, a sell bias is formed. BUT, there is no confirmation on the entry time frame H1, so not the moment for trade yet (unless you scalp and stay at M5 for entry/exit). If price breaks out look for sell op, if not forming A+ setups, just pass, be patient and re-evaluate. There is no need for a dashboard or EA to tell you what is happening if you can read the color of candles and Price Action analysis, they are more dumb than traders of all levels.
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  • #116,853
  • Feb 11, 2021 2:19am Feb 11, 2021 2:19am
Quoting emmanuel7788
{quote} Trading Made Simple... the only summary I need are these 3 posts by the Op Big E. Click and read One, Two and Three We do not need a newbie with less than one year trading experience and do not trade TMS 5-Method for his daily nonsense summary.
Congratulations! Seems you have got what you need from this TMS thread. Hope you have green pips every day after you depart from FF and focus on making money! Also to TMS scalpers who sold AU as I was writing (Took less than an hour to have 8 net pips! Much shorter than 2 months)

If BigE was still here, I believe he would say something like this.

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  • #116,854
  • Edited 2:51am Feb 11, 2021 2:35am | Edited 2:51am
Quoting emmanuel7788
GBPUSD Feb11 H4 at Sydney Open - both Weekly and Daily are clear to me. - H4 shows a pull back now - I wait for the best setups where A+++ 10 conditions must be fulfilled. - check H4 again at Tokyo 3pm, then at 1AM EST and at 5AM EST . {image} Trade Safe. Cheers! big EMM
has anyone lsited those 10 A+++ setup points,plz share.I can try few

first and foremost i will check tMs monitor and TMs v19,then following conditions:
1 .5ema
2. TDI
3. Sto
4.4h price action/HA or master candle pattern
5.Pervious day hilo
6.session/timings/on every 4h candle open
7.round numbers
8. dont buy in consolidation on 4htf ?
9.find out if we are in uptend or downtrend

we have to rearrange the numbers as wat will come and next
  • #116,855
  • Feb 11, 2021 2:36am Feb 11, 2021 2:36am
GU also broke trend line, people in the Cable Update (<--Link) aresell bias too.

If traders want to look at the "big pictures", Interactive trading is a good place to go. Combining with technical analysis, such as TMS, you don't need to predict based on whatever is shown on the dashboard. You Confirm the Bias with TMS setups

Why obsessed with a Breakout when you may have chance to reap profit from reversal/consolidation? The trend can stop at any time.

Attached Image (click to enlarge)
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  • #116,856
  • Feb 11, 2021 4:04am Feb 11, 2021 4:04am
Quoting emmanuel7788
Just pick these pairs, {image} {image} {image} {image} {image}

Now 4 hours later at 2AM PDT,

USDCAD Feb 11 H4

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Feb11 H4 2AM PDT 11-2-2021 6-03-00 pm.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,857
  • Feb 11, 2021 4:05am Feb 11, 2021 4:05am
Quoting emmanuel7788
Just pick these pairs, {image} {image} {image} {image} {image}
Now 4 hours later at 2AM PDT,

AUDCAD Feb11 H4

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Feb11 H4 2AM PDT 11-2-2021 6-02-10 pm.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,858
  • Feb 11, 2021 4:06am Feb 11, 2021 4:06am
Quoting emmanuel7788
Just pick these pairs, {image} {image} {image} {image} {image}

Now 4 hours later at 2AM PDT,

AUDJPY Feb11 H4

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Feb11 H4 @Am PDT 11-2-2021 6-02-36 pm.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,859
  • Feb 11, 2021 4:07am Feb 11, 2021 4:07am
Quoting emmanuel7788
Just pick these pairs, {image} {image} {image} {image} {image}

Now 4 hours later at 2AM PDT,

AUDSGD Feb11 H4

Attached Image (click to enlarge)
Click to Enlarge Name: AUDSGD Feb11 H4 2AM PDT 11-2-2021 6-00-32 pm.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,860
  • Feb 11, 2021 4:07am Feb 11, 2021 4:07am
Quoting emmanuel7788
Just pick these pairs, {image} {image} {image} {image} {image}

Now 4 hours later at 2AM PDT,

GBPAUD Feb11 H4

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Feb11 H4 2AM PDT 11-2-2021 6-01-36 pm.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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