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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #117,941
  • Apr 7, 2021 4:34am Apr 7, 2021 4:34am
Quoting emmanuel7788
{quote} Post#647 Big Candle / Small Candle? - Is this GU H1 considered a Piercing Candle for TMS 5-Method traders? - I say NO. I have simple rules for setup candles. - What do you say? {image} What Is The Piercing Candlestick Pattern & How To Trade With It | Honest Forex Reviews (theforexgeek.com)
hi,

it can be a headfake. but yellow line TDI is down. it must flat to show momentum lost.

i think i just wait.
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Keep calm and trade
  • #117,942
  • Apr 7, 2021 7:46am Apr 7, 2021 7:46am
Quoting ErenShaun
{quote} Thank you sir! Can you please see what's wrong with this? I followed the instructions but this is what I get, and I even removed some pairs (only 3 pairs remain) but still same display... Could it be because of my laptop or maybe internet speed/connection? Thank you.
@Emmanuel,
here's the screenshot...
No values for TDI and TMS Mnitor recommendations..
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  • #117,943
  • Apr 7, 2021 7:50am Apr 7, 2021 7:50am
Can someone explain to me what criteria to not take the 2 and 3 short trade? TY in advance https://www.tradingview.com/x/3Of1kK8H/
  • #117,944
  • Apr 7, 2021 8:06am Apr 7, 2021 8:06am
Quoting Inthebox
{quote} maybe another sell. {image}
gu.
price not able to close above asia high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,945
  • Apr 7, 2021 8:25am Apr 7, 2021 8:25am
Quoting ted-d
Can someone explain to me what criteria to not take the 2 and 3 short trade? TY in advance {image}
reasons given in chart.
remember that tdi is not the only thing we look at.
many things happen in the surrounding environment.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,946
  • Apr 7, 2021 8:28am Apr 7, 2021 8:28am
Update: I already made the TMS Monitor work, thanks
  • #117,947
  • Apr 7, 2021 8:44am Apr 7, 2021 8:44am
Quoting Inthebox
{quote} if you are thirsty, come to the river bank.
ooops, crocodile waiting at upper river bank.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,948
  • Apr 7, 2021 9:25am Apr 7, 2021 9:25am
Quoting Inthebox
{quote} reasons given in chart. remember that tdi is not the only thing we look at. many things happen in the surrounding environment. {image}
Thank you, so it means don't blindly execute without understanding the structure that when setups appears, right?
(i'm new to this strategy so i think its never hurts to ask some stupid questions!!)
  • #117,949
  • Apr 7, 2021 9:38am Apr 7, 2021 9:38am
Quoting ted-d
{quote} Thank you, so it means don't blindly execute without understanding the structure that when setups appears, right? (i'm new to this strategy so i think its never hurts to ask some stupid questions!!)
Yes and I think others would agree. BigE the OP mentioned that TDI signals are just a trigger, but analysis and decisions are made upon price action

My approach is pick a couple setups and wait for them to form, then enter trade upon TDI crosses. My entry timeframe is m15 to H1, but I only trade 2-4 per day and dropped to 0-2 trade in the past couple weeks, to better adapt the trading into my work and life style as getting used to the strategy. There are a lot of "missed opportunities" and waiting as you can imagine, but the market is always there and offers endless numbers of opportunities tomorrow, so pick the best setups.

Good luck!
  • #117,950
  • Apr 7, 2021 11:55am Apr 7, 2021 11:55am
Quoting ted-d
{quote} Thank you, so it means don't blindly execute without understanding the structure that when setups appears, right? (i'm new to this strategy so i think its never hurts to ask some stupid questions!!)
There are no such thing as an stupid question.

To understand the structure that goes with every TDI crossover, understand/apply the advice BigE gave in post#647.
  • #117,951
  • Apr 7, 2021 2:06pm Apr 7, 2021 2:06pm
Quoting ted-d
Can someone explain to me what criteria to not take the 2 and 3 short trade? TY in advance {image}
Hi ted

You trade 240minutes chart, that's a good start being new to Big E' 5-Method.

Your chart does not follow the OP Big E chart template and does not have the Stochastics(8,3,3) as mentioned in his Post#261.

In hindsight, all the experts can tell you one thousand reasons why not to take any trade.

What was the market type condition before [1] on your chart?

Did the market type conditions changed between [1] and [2]?

Attached Image (click to enlarge)
Click to Enlarge Name: ted AU 240m chart 8-4-2021 2-17-03 am.png Size: 153 KB

Do you believe in two timeframes or three timeframes?

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,952
  • Apr 7, 2021 2:16pm Apr 7, 2021 2:16pm
Quoting ted-d
Can someone explain to me what criteria to not take the 2 and 3 short trade? TY in advance {image}
Quoting emmanuel7788
{quote} Hi ted You trade 240minutes chart, that's a good start being new to Big E' 5-Method. Your chart does not follow the OP Big E chart template and does not have the Stochastics(8,3,3) as mentioned in his Post#261. In hindsight, all the experts can tell you one thousand reasons why not to take any trade. What was the market type condition before [1] on your chart? Did the market type conditions changed between [1] and [2]? {image} Do you believe in two timeframes...

Hi ted

Next, study this training chart which I use often to explain to people in this thread the last 10 years.
Ask me any question you have. As a new trader to TMS 5-Method, you should follow the OP' posts and learn how he would trade according to his Post#261.
Pay attention to the Price Action on the price chart with the APB/HA candles and the 5EMA Typical Price, Shift+3,
then study the Stoch(8,3,3) and look for swing high/swing low and true REVERSAL candles, then next check the TDI' RSI green price line for confirmation 'signal'.
Observe the full TDI - its yellow Market Base Line and its blue Volatility Band.

Attached Image (click to enlarge)
Click to Enlarge Name: AU H4 TMS 5-Method basic 8-4-2021 2-54-28 am.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,953
  • Apr 7, 2021 2:43pm Apr 7, 2021 2:43pm
Quoting Tekkies
{quote} There are no such thing as an stupid question. To understand the structure that goes with every TDI crossover, understand/apply the advice BigE gave in post#647.
Now Tekkies, talkin g about Big E advice Post#647, you can review your own EurUsd M15H1 trade today.

you sell EU M15 when the H1 was trending upward.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Now study this chart below and learn the 'structure' of price action and Follow Post#261 basics of TMS 5-Method.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr07 M15 pipware 8-4-2021 3-39-43 am.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,954
  • Apr 7, 2021 8:33pm Apr 7, 2021 8:33pm
[quote = emmanuel7788; 13485730] {quote} Bây giờ, Tekkies, hãy nói về lời khuyên của Big E. Bài đăng # 647, bạn có thể xem lại giao dịch EurUsd M15H1 của chính mình hôm nay. bạn bán EU M15 khi H1 có xu hướng tăng. {image} {image} Bây giờ hãy nghiên cứu biểu đồ này bên dưới và tìm hiểu 'cấu trúc' của hành động giá và Thực hiện theo Bài đăng số 261 khái niệm cơ bản về Phương pháp 5 của TMS. {image} [/ quote]

If trading scalping at LO, do you have any advice, emm? I admire you so much and have followed all your posts on this topic to learn. sorry for my bad English.
  • #117,955
  • Apr 7, 2021 9:49pm Apr 7, 2021 9:49pm
anyone looking for gbpusd pullback sell setup?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,956
  • Apr 7, 2021 10:17pm Apr 7, 2021 10:17pm
monitor lizard on land instead of river bank.
https://sg.yahoo.com/news/godzilla-m...175406005.html
ITB - Seeing Orderliness amongst 'Randomness'
  • #117,957
  • Apr 7, 2021 10:42pm Apr 7, 2021 10:42pm
Quoting Inthebox
anyone looking for gbpusd pullback sell setup? {image}
I did a quick buy off the pull back, something I can trade pretty well so far. Regular divergence rejection off support. TDI buy cross.
Forming a possible hdiv so played safe and exited at minor resistance.

I would wait and see when price goes back to SR and trend lines as well as a set up.

good luck and clear explanation as usual ITB!

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  • #117,958
  • Apr 8, 2021 12:47am Apr 8, 2021 12:47am
Quoting emmanuel7788
{quote} Now Tekkies, talkin g about Big E advice Post#647, you can review your own EurUsd M15H1 trade today. you sell EU M15 when the H1 was trending upward. {image} {image} Now study this chart below and learn the 'structure' of price action and Follow Post#261 basics of TMS 5-Method. {image}
You mean we should trade like you.
Attached Image

It does not stop, does it Emmanuel. Before you give a detail analyzing of how I trade, the mistakes I make, please make sure you don't do the same.
Practise what you preach.
  • #117,959
  • Apr 8, 2021 1:20am Apr 8, 2021 1:20am
Quoting Tekkies
{quote} You mean we should trade like you. {image} It does not stop, does it Emmanuel. Before you give a detail analyzing of how I trade, the mistakes I make, please make sure you don't do the same. Practise what you preach.

Hey Tekkies

Take a look at the 'bigger picture' of all H1 trades taken based on Post #261 and Post#647.

When day trading, check once every 4 hours and when you see that your trade is wrong ... get the hell out and save your trading capital. Do Not overtrade which can cause you margin call.

Remember Big E advice : Follow Simple Rules for entries and exits.

Here is the full picture of EURUSD trades this week Apr 05 to Apr 07.

Attached Image (click to enlarge)
Click to Enlarge Name: EU trade report closed trades Apr 05 to 07 8-4-2021 2-13-16 pm.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,960
  • Apr 8, 2021 1:55am Apr 8, 2021 1:55am
Quoting mistdraw28
[quote = emmanuel7788; 13485730] {quote} Bây giờ, Tekkies, hãy nói về lời khuyên của Big E. Bài đăng # 647, bạn có thể xem lại giao dịch EurUsd M15H1 của chính mình hôm nay. bạn bán EU M15 khi H1 có xu hướng tăng. {image} {image} Bây giờ hãy nghiên cứu biểu đồ này bên dưới và tìm hiểu 'cấu trúc' của hành động giá và Thực hiện theo Bài đăng số 261 khái niệm cơ...
Hi mistdraw28

Do you want to trade M15 at LO?
If you want to trade M15, then my advice is to read, study and learn from Big E and in his old thread and learn how he traded M15 during his early years.
https://www.forexfactory.com/thread/...hastics-method

that old thread is where he started his 5-Method discussions. In that old thread, he shared different methods and systems, but he made to jump to this new thread and only to discuss his 5-Method. He was honest that he was not good trading below H1 and his advice is to trade the 4hr and Daily in this thread.

Start posting charts and we can share and discuss more in this thread.

Trade Well. Trade Safe.

Trading M15 is very tough and I have not seen any trader in this thread to be consistent making money in the last 5 years.

To get started, make sure your trading hours is align with your local time (Hanoi). Now is Frankfurt open hour ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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