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  • #118,721
  • May 12, 2021 5:50am May 12, 2021 5:50am
Quoting emmanuel7788
{quote} Yes! I follow this Post#261 and have mastered every part of Post#261. Especially the yellow highlighted: Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. HA Candles are important because it makes your trading way less stressful... use them. Stoch's is nothing but confirmation. If Stoch's & the TDI...
You will need to practice more to hone your skill and truly master #261. You are getting there and catching up. Your recent trades are much better compared with last year.

For instance, your UJ trade earlier was buying into a strong resistance. The resistance was 10 pips away. Using the multiple TP setting in this situation is not ideal especially your first TP is 10pips.

When you have mastered #261, you will understand why BigE did not use EA to assist trade analysis and executions.

Trade well
  • #118,722
  • May 12, 2021 5:54am May 12, 2021 5:54am
Quoting tommydoginti
{quote} I don’t think you need to discuss anything about Emmanuel’s trades. How the chart looks is not that important as long as rules are following BigE’s TMS. depending on the platforms and how much one can read the chart, the actual chart is different TDI as primary tool. PA analysis as BigE mentioned, which some are focused, some are optional No need to use EAs As objective as it gets there are a few rooms of improvement for Emmanuel’s trading styles 1. Manual monitoring of TDI, and do not rely on the dashboard which gives wrong values 2. EA...
Concur with you Tommy.
Can add to point 1.
Learn some MQL4 coding, add alarm/notification subroutine (many coding examples with google search) to Post#25 TDI. load the MT4 with the pairs you want to trade. Rig a loudhailer to computer sound system and vole you will know for sure when TDI green cross red.
Attached Image
  • #118,723
  • May 12, 2021 6:04am May 12, 2021 6:04am
Quoting Tekkies
{quote} Concur with you Tommy. Can add to point 1. Learn some MQL4 coding, add alarm/notification subroutine (many coding examples with google search) to Post#25 TDI. load the MT4 with the pairs you want to trade. Rig a loudhailer to computer sound system and vole you will know for sure when TDI green cross red. {image}
Learning basic coding for MQL4 and/or Trading View (or other charting platforms' own coding languages) is not that difficult, as they are developed as pretty high level programming language for non-coders to learn quick.

Coding also allows traders to dive into the source code and identify flaws and/or correct them by either coding or operation.

Alerts are very very useful. For instance, TDI / stoch signals esp acorss MTF, price reaching levels or crossing indicator lines, candlestick patterns, timings. All of them can be coded into alerts. That greatly help traders. For me it is essential as I am working during the day, and alerts can save a lot of charting time. What I do is analyze the chart with PA, set alerts for prices approaching certain levels, etc.

Pretty handy.
  • #118,724
  • May 12, 2021 6:08am May 12, 2021 6:08am
Quoting tommydoginti
{quote} You will need to practice more to hone your skill and truly master #261. You are getting there and catching up. Your recent trades are much better compared with last year. For instance, your UJ trade earlier was buying into a strong resistance. The resistance was 10 pips away. Using the multiple TP setting in this situation is not ideal especially your first TP is 10pips. When you have mastered #261, you will understand why BigE did not use EA to assist trade analysis and executions. Trade well

hey @tommudogie

your are wrong AGAIN. you are only assuming based on your 10 months trading experience.

you do not know what my System Strategy is therefore your comments are unqualified for a newbie with only 10 months trading experience.

UJ H4 and H1 charts again.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ May12 H4 V19 Tokyo1-41PM 12-5-2021 12-41-30 pm.png Size: 73 KB


Attached Image (click to enlarge)
Click to Enlarge Name: UJ May12 H1 buy TP1 12-5-2021 12-45-41 pm.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,725
  • May 12, 2021 6:14am May 12, 2021 6:14am
Quoting Tekkies
{quote} Concur with you Tommy. Can add to point 1. Learn some MQL4 coding, add alarm/notification subroutine (many coding examples with google search) to Post#25 TDI. load the MT4 with the pairs you want to trade. Rig a loudhailer to computer sound system and vole you will know for sure when TDI green cross red. {image}

hey @Tekkies

TMS traders do not need to know any mql4 coding....

Just Follow Post#261

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,726
  • May 12, 2021 6:19am May 12, 2021 6:19am
spot on summary


Quoting hasib
Tekkies claim he got this financial freedom by trading TMS. ....
Tekkies claim he got this financial freedom by trading TMS. He is successful trader. ( Ok very good I don't have any problem with that)
He gave lot of advice to new traders, so many new traders think he is the guru. They respect him, love him. ( ok I have no problem with that too)

Tekkies has a old TE, where I saw he has more than 50% DD in one day. I told him no professional traders has this kind of DD in one day. Your not a professional trader. your New trader who claim he become experts.

Tekkies can't take this criticism, He told me it was his stupid mistake, now he is trading very well. He forget that mistake and he recover the balance too.

That time he open a new TE, with in 2 month he lost that account. I am not doing personal attack here, we have to learn from Tekkies mistakes,

1. Don't become expert, before you become expert.
""Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead."" Paul Tudor Jones

2. Tekkies don't have risk control system.
""Ninety-percent of any great trader is going to be the risk control."" Paul Tudor Jones

3. Tekkies don't have self control, to develop self control it takes time. if you start trading in 1 years ago now you thing you are a great trader your in problem, soon you will realize it.
""Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading."" Paul Tudor Jones

4. By over trading he lose his emotional capital, I told him why you trade 3 session in one day. when you will take break. His answer was not convincing.
""Intellectual capital will always trump financial capital"" Paul Tudor Jones
"First of all, never play macho man with the market. Second, never overtrade." Paul Tudor Jones

5. Tekkies has wrong mindset.
"" I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have."" Paul Tudor Jones
"" Every day I assume every position I have is wrong "" Paul Tudor Jones
""The most important rule is to play great defense, not great offense"" Paul Tudor Jones

6. Tekkies don't understand Trend, he understand TED cross.

Tony Robbins: So my next question is, how do you determine the trend?
Paul Tudor Jones: My metric for everything I look at is the 200-day moving average of closing prices. I’ve seen too many things go to zero, stocks and commodities. The whole trick in investing is: “How do I keep from losing everything?” If you use the 200-day moving average rule, then you get out. You play defense, and you get out.


If you learn from other people mistake you can save yourself.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,727
  • May 12, 2021 6:23am May 12, 2021 6:23am
GU May12 M15

- trade what you see.

Attached Image (click to enlarge)
Click to Enlarge Name: GU May12 M15 w H4 12-5-2021 7-22-17 pm.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,728
  • May 12, 2021 6:24am May 12, 2021 6:24am
EU May 12 M15

- trade what you see

Attached Image (click to enlarge)
Click to Enlarge Name: EU May 12 M15 w H4 12-5-2021 7-23-31 pm.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,729
  • May 12, 2021 6:28am May 12, 2021 6:28am
Quoting tommydoginti
{quote} I don’t think you need to discuss anything about Emmanuel’s trades. How the chart looks is not that important as long as rules are following BigE’s TMS. depending on the platforms and how much one can read the chart, the actual chart is different TDI as primary tool. PA analysis as BigE mentioned, which some are focused, some are optional No need to use EAs As objective as it gets there are a few rooms of improvement for Emmanuel’s trading styles 1. Manual monitoring of TDI, and do not rely on the dashboard which gives wrong values 2. EA...

Big E's posts

Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
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...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,730
  • May 12, 2021 6:31am May 12, 2021 6:31am
Quoting hasib
Tekkies claim he got this financial freedom by trading TMS. He is successful trader. ( Ok very good I don't have any problem with that) He gave lot of advice to new traders, so many new traders think he is the guru. They respect him, love him. ( ok I have no problem with that too) Tekkies has a old TE, where I saw he has more than 50% DD in one day. I told him no professional traders has this kind of DD in one day. Your not a professional trader....

and I would add my conclusion:

Tekkies spends too much on his TDI and Stochastics, now on his M15 & H1 V-lines gimmicks.
Tekkies did not spend enough time on Post#647 to learn Price Action, Support & Resistance , Market Consolidation, etc.
Tekkies should spend more time on Money Management, Risk management for entries and exits.
Tekkies should learn to reduce his large number of BE trades, and How to Let Profits Run.
Tekkies will one day learn Post#2617 and he will realize that he can strip the TDI and Stochastics from his trading charts and he would then realize that taking trades would be a breeze and that the TDI is not in his WINNING EDGE equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,731
  • May 12, 2021 6:34am May 12, 2021 6:34am
Quoting Tekkies
{quote} Neither are your chart's Emmanuel.
Neither are your chart's Emmanuel.
To free Gazans of Hamas, use whatever it takes.
  • #118,732
  • May 12, 2021 6:36am May 12, 2021 6:36am
Quoting emmanuel7788
spot on summary {quote} Tekkies claim he got this financial freedom by trading TMS. He is successful trader. ( Ok very good I don't have any problem with that) He gave lot of advice to new traders, so many new traders think he is the guru. They respect him, love him. ( ok I have no problem with that too) Tekkies has a old TE, where I saw he has more than 50% DD in one day. I told him no professional traders has this kind...
You left out:
Tekkies: "TDI is the Holy Grail"
  • #118,733
  • May 12, 2021 6:38am May 12, 2021 6:38am
Quoting DrDave
{quote} Neither are your chart's Emmanuel.



slow reaction ....

Tekkies was quicker.

must be your TDA IMT delay.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,734
  • May 12, 2021 6:41am May 12, 2021 6:41am
Quoting Tekkies
{quote} You left out: Tekkies: "TDI is the Holy Grail"

you mean your own post#71,385

Quoting Tekkies
TDI for me is the Holy Grail. My win rate is about 85 - 90% with with all rules applied. It really does work, however got this major bad habit of not knowing when to close a losing trade. Maybe it is that I have taken this sentence to heart. It has called many a time an margin call. Is there an EA that can be used to set stoploss at mmm say $20.00 Have found many and all use either points, pips, support/resistance, pivots to place SL. Would rather learn in layman's terms how to get rid of this major annoying, bad losing, moral killer,...
...





Tekkies spends too much on his TDI and Stochastics, now on his M15 & H1 V-lines gimmicks.
Tekkies did not spend enough time on Post#647 to learn Price Action, Support & Resistance , Market Consolidation, etc.
Tekkies should spend more time on Money Management, Risk management for entries and exits.
Tekkies should learn to reduce his large number of BE trades, and How to Let Profits Run.
Tekkies will one day learn Post#2617 and he will realize that he can strip the TDI and Stochastics from his trading charts and he would then realize that taking trades would be a breeze and that the TDI is not in his WINNING EDGE equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,735
  • May 12, 2021 6:48am May 12, 2021 6:48am
Since Post 118,699 take notes how Emmanuel is trying to grind Tekkies into dust, maybe it is because I don't lick his ass shiny bright.

Anyway keep it simple
Did TDI cross over > Yes
> Green angle below 4 > Yes
Stoch confirm direction > Yes
Add your own understand of Post#647
Attached Image
  • #118,736
  • May 12, 2021 6:48am May 12, 2021 6:48am
Do you ever ask why BigE don't stop using stoch. we all know in algo stoch have bad profit generation capacity. Most modern and optimized Stoch has less than 40% win rate.
In algo trading if you use stoch your a stupid no doubt about it.
But in manual trading why you should use stoch. what information's you can draw from stoch.
use stoch as Cycle indicator not trade signal indicator.
Trend and momentum cycle exist in every market. stoch can help you understand momentum cycle. which is pretty interesting.

What do you thing what type of trader was Big E.
1. Trend trader?
2. reversal trader?
3. momentum trader?
Before understand and apply BigE method you need to understand what was BigE main concept of trading. you have to know your trading style.
Just trading h4 chart as bigE suggest is not good enough. know your style.
MA provides the market's current direction and strength.
  • #118,737
  • May 12, 2021 6:52am May 12, 2021 6:52am
Quoting Tekkies
Since Post 118,699 take notes how Emmanuel is trying to grind Tekkies into dust, maybe it is because I don't lick his ass shiny bright. Anyway keep it simple Did TDI cross over > Yes > Green angle below 4 > Yes Stoch confirm direction > Yes Add your own understand of Post#647 {image}

hey Tekkies

- you are jealous because you assumed people lick my ass and not yours. Be Happy ... Happiness is an Advantage

- do you see H4 TDI#24 still pointing UP.

- but the HA candle PA is below its 5EMA

- you are also trading against the Weekly trend and Daily TDiC1

Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 May12 12-5-2021 7-50-32 pm.png Size: 73 KB


and Big E' TMS 5-Method chart below

see REVERSAL candle with Stoch cross and TDI confirms .... FACT!

Attached Image (click to enlarge)
Click to Enlarge Name: EU May 12 H1 reversal candle 12-5-2021 7-55-44 pm.png Size: 53 KB


HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,738
  • May 12, 2021 7:00am May 12, 2021 7:00am
Quoting hasib
Do you ever ask why BigE don't stop using stoch. we all know in algo stoch have bad profit generation capacity. Most modern and optimized Stoch has less than 40% win rate. In algo trading if you use stoch your a stupid no doubt about it. But in manual trading why you should use stoch. what information's you can draw from stoch. use stoch as Cycle indicator not trade signal indicator. Trend and momentum cycle exist in every market. stoch can help you understand momentum cycle. which is pretty interesting. What do you thing what type of trader was...

I read his old thread and he use the TDI as his helping indicator to the Stochastics. He loved to tweak other systems and used blending in his system development.
Big E and I have the same teacher who taught the same blending technique.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,739
  • May 12, 2021 7:02am May 12, 2021 7:02am
Over the last decade I have met many of the top technical analysis "gurus" as well as shared experiences with thousands of newcomers. The common element I've discovered among investors who use technical analysis, regardless of their expertise, is the desire to learn more.
No single book, nor any collection of books, can provide a complete explanation of technical analysis. Not only is the field too massive, covering every thing from Federal Reserve reports to Fibonacci Arcs, but it is also evolving so quickly that anything written today becomes incomplete (but not obsolete) tomorrow.
Armed with the above knowledge and well aware of the myriad of technical analysis books that are already available, I feel there is a genuine need for a concise book on technical analysis that serves the needs of both the novice and veteran investor. That is what I have strived to create.
The first half of this book is for the newcomer. It is an introduction to technical analysis that presents basic concepts and terminology. The second half is a reference that is designed for anyone using technical analysis. It contains concise explanations of numerous technical analysis tools in a reference format.
When my father began using technical analysis thirty years ago, many people considered technical analysis just another 1960's adventure into the occult. Today, technical analysis is accepted as a viable analytical approach by most universities and brokerage firms. Rarely are large investments made without reviewing the technical climate. Yet even with its acceptance, the number of people who actually perform technical analysis remains relatively small. It is my hope that this book will increase the awareness and use of technical analysis, and in turn, improve the results of those who practice it.
"Information is pretty thin stuff, unless mixed with experience."

---Clarence Day, 1920

collected form article.
MA provides the market's current direction and strength.
  • #118,740
  • May 12, 2021 7:04am May 12, 2021 7:04am
Quoting hasib
Do you ever ask why BigE don't stop using stoch. we all know in algo stoch have bad profit generation capacity. Most modern and optimized Stoch has less than 40% win rate. In algo trading if you use stoch your a stupid no doubt about it. But in manual trading why you should use stoch. what information's you can draw from stoch. use stoch as Cycle indicator not trade signal indicator. Trend and momentum cycle exist in every market. stoch can help you understand momentum cycle. which is pretty interesting. What do you thing what type of trader was...
Totally agree with you.

stoch is one of the tools used by BigE in TMS yet it can be removed and still trading well.

stoch is merely a directional confirmation. As of whether BigE was trend following, reversal trading or momentum trading, his charts did show different ways. But cross entries were always countertrend.
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