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Trading Made Simple

  • #118,081
  • Apr 14, 2021 5:52am Apr 14, 2021 5:52am
Lets learn from Legend, Not from BIG E, not from RH, Not any other so called layman expert.
I have seen enough stupidity in this forum like- taking trade in Every RN, Taking trade in Pivot level, Taking trade in every TDI cross. All are BS, they will claim they are successful but If you ask for 1 years Trading Blue account history they can't show that. because they are Liar.


Trade only when the market is clearly bullish or bearish.” - Jesse Livermore

Don't become an involuntary investor by holding onto stocks whose price has fallen.” - Jesse Livermore

“Markets are never wrong – opinions often are.” - Jesse Livermore

The highest profits are made in trades that show a profit right from the start.” - Jesse Livermore

As long as the stock is acting right, and the market is right, do not be in a hurry to take profits.” - Jesse Livermore

Never buy a stock because it has had a big decline from its previous high.” - Jesse Livermore

The human side of every person is the greatest enemy of the average investor or speculator.” - Jesse Livermore

Wishful thinking must be banished.” - Jesse Livermore

Big movements take time to develop.” - Jesse Livermore
MA provides the market's current direction and strength.
  • #118,082
  • Apr 14, 2021 6:12am Apr 14, 2021 6:12am
USDJPY Apr14 H4 New York EST 7am

- waiting another 1 hour 49 min

- but NY open in less than 50 minutes

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,083
  • Apr 14, 2021 6:16am Apr 14, 2021 6:16am
[quote = emmanuel7788; 13494538] {quote} Một ví dụ khác về cách hành động giá sẽ xác định độ dốc của đường giá xanh TDI 'RSi - bạn có thể mô tả những ǵ bạn thấy trong hành động giá trên biểu đồ bên dưới không? {image} {image} [/ quote]

Do I need the blue TdiC1 to get the long command now?

I will increase my probability of winning when following the WCC or Weekly trend. thanks emm. I have read the posts of big E and yours in this topic to increase my knowledge for more confident trading.
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  • #118,084
  • Apr 14, 2021 7:49am Apr 14, 2021 7:49am
Quoting hasib
In first 10 trade the win rate was 80%. Now win rate move lower. 23 trade is a small sample. we have to focus on consistency, Consistency in trading comes from 1. Consistently following a system 2. Stop over analysis. 3. stop following Other people method and analysis. {image}
totally agree! Learn the systems, extract the concepts and develop your own system.

Not following others is a bit towards the edge of the spectrum, but it is essential to learn to filter out noise and false information. Some posts here in the past were about irrelevant rules not about the TMS, can you filter them out?

Second is your pysch and not be influenced by the negativities in the forum. Advise is good, and it is true that one has to be prepared for the failure and challenges when learning to trade (or simply anything). We have seen “experienced” traders tirelessly mocking new traders for their mistakes, claiming certain trading styles as crap, and theirs is always good.
there are not constructive advice, these are just projection of their jealousy and own past failure onto the new comers. The messages are toxic and only pose a liability to your trade pursue with no good intention. They have failed or are failing, but it should not concern you.
Just like a successful doctor, has no need to fail to enter med school, or make a fatal mistake and killing a patient, before becoming successful in his medical career.


You have found what works for you to become a better trader, so good luck and trade well! Let’s improve our trading.

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  • #118,085
  • Apr 14, 2021 8:37am Apr 14, 2021 8:37am
Your coach told you not to trade here, Your coach is legend Listen to him.
Are you confused, who is this world class coach !!

Trade only when the market is clearly bullish or bearish.” - Jesse Livermore
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MA provides the market's current direction and strength.
  • #118,086
  • Apr 14, 2021 6:19pm Apr 14, 2021 6:19pm
Quoting hasib
Lets learn from Legend, Not from BIG E, not from RH, Not any other so called layman expert. I have seen enough stupidity in this forum like- taking trade in Every RN, Taking trade in Pivot level, Taking trade in every TDI cross. All are BS, they will claim they are successful but If you ask for 1 years Trading Blue account history they can't show that. because they are Liar. Trade only when the market is clearly bullish or bearish.” - Jesse Livermore Don't become an involuntary investor by holding onto stocks whose price has fallen.” - Jesse Livermore...

Hi hasib

Jesse Livermore indeed was a legendary stock trader few people knew. I am sure Big E as a stock trader in the 90s' knew that story.

What is interesting about Jesse Livermore is that he traded his own money, his own system, ... he traded chart price patterns.
There are other great stock traders after him too.

Read more about him:
https://www.investopedia.com/article...-livermore.asp
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,087
  • Apr 14, 2021 6:41pm Apr 14, 2021 6:41pm
Quoting hasib
Your coach told you not to trade here, Your coach is legend Listen to him. Are you confused, who is this world class coach !! Trade only when the market is clearly bullish or bearish.” - Jesse Livermore {image}

Nicolas Darvas was also another legend who learned Jesse Livermore trading 'style'.

https://www.investopedia.com/article...darvas-box.asp

Our thread' OP made a good summary in his Post#647 - when to trade and when NOT to trade. However, not many have figured out that post on their own.

Some simply ignores the simple rules in Post#261 for the 5-Method and never got to learning and mastering the type of setups (patterns) to trade.

Only a few got to learn and master Price Action and they are disciplined traders in following simple rules for entries and exits. These are the TMS traders that Big E mentioned in his Post#2617.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,088
  • Apr 14, 2021 6:58pm Apr 14, 2021 6:58pm
Quoting mistdraw28
[quote = emmanuel7788; 13494538] {quote} Một ví dụ khác về cách hành động giá sẽ xác định độ dốc của đường giá xanh TDI 'RSi - bạn có thể mô tả những ǵ bạn thấy trong hành động giá trên biểu đồ bên dưới không? {image} {image} [/ quote] Do I need the blue TdiC1 to get the long command now? I will increase my probability of winning when following the WCC or Weekly trend. thanks emm. I have...

Hi mistdraw28

1) first, you know I do not trade any of the CHF pairs. I have enough pairs to pick the best setups.

2) when you have read all the OP's post in Forex Factory, you should be able to piece together his lifestyle and his trade style, and his risk appetite risking 15% to 30% of his $10k account in one single entry trade. This is reason why he has his conservative exit following his aggressive entry style.

3) when swing trading the 4H, knowing the Weekly market conditions is important to pick only the high probability trades.
TMS_V19' Weekly Trend 2/8 is a simple and yet an effective way to determine the market type conditions - trending and sideways, as shared by other experienced TMS traders back in 2011. The next step is to look at the momentum of the Daily and using the default TDI on the Daily with the MBL and VB is another simple and effective to filter the 4H setups. No many traders knew this and look only at the TDI red and green lines only.

USDCHF has been Weekly Uptrend for 5 weeks and you must observe its weekly start to make a lower high and go sideways. Note the 10EMA and 5EMA on the Monthly, Weekly and Daily. These are levels when price reactions are observed.

Caution, on your chart that H4 is a big candle and very steep slope/angle.

On H4, possible for a bullish correction and swing may not last more than average 3 to 8 candles in corrections.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,089
  • Apr 14, 2021 7:09pm Apr 14, 2021 7:09pm
Quoting mistdraw28
[quote = emmanuel7788; 13494538] {quote} Một ví dụ khác về cách hành động giá sẽ xác định độ dốc của đường giá xanh TDI 'RSi - bạn có thể mô tả những ǵ bạn thấy trong hành động giá trên biểu đồ bên dưới không? {image} {image} [/ quote] Do I need the blue TdiC1 to get the long command now? I will increase my probability of winning when following the WCC or Weekly trend. thanks emm. I have...

also study the Daily - Price Action vs the lagging Oscillators

observe the TDI' MBL yellow line and the VB blue bands when swing trading the 4H.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,090
  • Apr 14, 2021 7:12pm Apr 14, 2021 7:12pm
Quoting emmanuel7788
TMS V19 EA when you are not confident in doing your own technical analysis and make trading decisions. TMS V19 can help you verify simple rules. Weekly Trend 2/8 is SIDEWAYS Daily TDIC1 is GREEN bullish H4 HA candles price action is above its 5EMA these conditions will support your buy trade plan. {image} {image} {image}
Intraday trades closed following the H4 Price Action above 5EMA.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,091
  • Apr 14, 2021 7:28pm Apr 14, 2021 7:28pm
Quoting potay90
Hi Emmanuel and every one. I am new in forex and have read some thread on forexfactory, now i am overwhelming with alot of system that in forex. Could you give me some advice for starting on TMS that i really need to read, as well as the roadmap for me to be good trader based on your experience.

Hi potay90

You are new to forex trading, but are you new to trading ?
The OP was a stock trader for 10 years, before he started to learn to trade forex. He was an experienced stock trader before he made the switch to trading forex.
I know that he was a subscriber of Lance Beggs and he was a price action trader in those years. Big E and I have the same background in trading the stock market and making the transition to include forex was easy path.

If you are new to trading, you have a long way to go learning and practising in realtime live market.
First big step is to complete reading, studying and learning from the OP' posts in Forex Factory and include his posts in his old thread.
Build that as your foundation.
Do not follow my posts until you have started Demo trading and can achieve say 45% win rate trading Big E 5-Method.
When you have consistently maintain 45% win rate, then I'll show you how to turn that 45% gradually to 60% and to 65% with with positive expectancy above 2.5.
Give yourself time to work on yourself. If you spend 3 to 5 hours daily for the next 2 to 3 years, you stand a very chance to make it to become a consistent profitable trader.
It is very hard work and you will learn a lot of things about the yourself and about trading the markets.

Go back to this Post #112,189 and follow the summary.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,092
  • Apr 14, 2021 7:50pm Apr 14, 2021 7:50pm
Apr 15 H4 Tokyo 10am in few minutes

- its easy to pick ?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,093
  • Apr 14, 2021 8:03pm Apr 14, 2021 8:03pm
Quoting emmanuel7788
Apr 15 H4 Tokyo 10am in few minutes - its easy to pick ? {image}

At Tokyo 10AM a new H4 and H1 open

- the H4 open a new candle

- H1 has a few good picks.

- do not overtrade!

- pick one from each group and use MM risk management
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,094
  • Apr 15, 2021 1:27am Apr 15, 2021 1:27am
[quote = emmanuel7788; 13495897] {quote} Các giao dịch trong ngày đă đóng cửa sau Hành động giá H4 trên 5EMA. {image} {image} {image} [/ quote]
You're right ! UCHF has run out of momentum, I close and take profit at 13 pips.
So now I want to trade with the best probabilities:
+ The long or short entry only follows the W1, D1 trend or the previous close candle is the same color as the direction of the expected entry (otherwise is ignored)
+ After LO, price of H4 closed above and below 5EMA in the right direction of D1, W1
+ After LO, go to H1 to find entry points according to Big E's rules according to the above criteria.
Please add my opinion Brother emmanuel7788, if I am missing something!
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  • #118,095
  • Apr 15, 2021 1:49am Apr 15, 2021 1:49am
Quoting mistdraw28
[quote = emmanuel7788; 13495897] {quote} Các giao dịch trong ngày đă đóng cửa sau Hành động giá H4 trên 5EMA. {image} {image} {image} [/ quote] You're right ! UCHF has run out of momentum, I close and take profit at 13 pips. So now I want to trade with the best probabilities: + The long or short entry only follows the W1, D1 trend or the previous close candle is the same color as the direction of the expected entry (otherwise is ignored) + After LO, price of H4 closed above and below 5EMA in the right direction of...

it is always Price Action top most important then the price MOMENTUM ... for the setup candle for entry.

below are my two best high probability trades when London Open in 10 minutes

AJ

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EA

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,096
  • Apr 15, 2021 1:52am Apr 15, 2021 1:52am
this is an example for those who trade follow the Daily candle,

a retracement setup at FO and LO... H1

AU Apr 15 at FO
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,097
  • Apr 15, 2021 2:02am Apr 15, 2021 2:02am
TMS Monitor Apr 15 H1

- alerts at London Open

- pick only the setups with good price action and MOMENTUM.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,098
  • Apr 15, 2021 2:19am Apr 15, 2021 2:19am
[quote = emmanuel7788; 13496207] {quote} luôn luôn là Hành động giá quan trọng nhất sau đó là giá MOMENTUM ... cho nến thiết lập để tham gia. dưới đây là hai giao dịch có xác suất cao tốt nhất của tôi khi Luân Đôn mở cửa sau 10 phút nữa AJ {image} EA {image} [/ quote]

Great brother! Big E once said he could remove TDI + Stoch from his chart to find a setup. As above if only based on the timeframe H4 + cross TDI + Stoch H4. I have reduced the probability of winning to a low level.
  • #118,099
  • Apr 15, 2021 4:07am Apr 15, 2021 4:07am
Quoting emmanuel7788
Apr 15 H4 Tokyo 10am in few minutes - its easy to pick ? {image}

Apr15 London 10AM H4

- AU, AJ and EA

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,100
  • Apr 15, 2021 4:24am Apr 15, 2021 4:24am
Quoting mistdraw28
[quote = emmanuel7788; 13496207] {quote} luôn luôn là Hành động giá quan trọng nhất sau đó là giá MOMENTUM ... cho nến thiết lập để tham gia. dưới đây là hai giao dịch có xác suất cao tốt nhất của tôi khi Luân Đôn mở cửa sau 10 phút nữa AJ {image} EA {image} [/ quote] Great brother! Big E once said he could remove TDI + Stoch from his chart to find a setup. As above if only based on the timeframe H4 + cross TDI + Stoch H4....
Can you trade Big E' %-Method without the Stoch and TDI?

It took him about 2~3 years. His Post #2617.

Quoting eelfranz
Alright all you party animals trying to recover from last night... or longer... Last couple of pages has covered many different topics... well, touched base anyway.... 2scoops... on post 2594... 2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success...

The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

.
I did it in 2018 and still can maintain my consistency.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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