Disliked{quote} Hallo Given If Big E' original TMS according to his posts in this thread has not worked for you after more than 5 years then you may want to consider and move on. Tell us, which of these system strategies do you want to to learn? 1) TMS-II 2) TMS MEME 3) TMS MEME-II 4) TMS EVO 5) TMS EVO IX 6) TMS 2022 ....Ignored
{quote} Lots of reading for those who aspire to become traders. Mental fitness is also very important ... I spent a lot of my time since 2011 on developing mental strategies while I am trading in live markets. {image} {image} {image} {image} {image} Five famous books for trading Big E' 5-Method. .....
thank you for your sharing.
I will write them down to read them in the near future
- #128,646
- Jan 9, 2022 9:14am Jan 9, 2022 9:14am
{quote} The white line that one {image}
Or else just take the loss as part of trading this system!
Those are my thoughts as a non-expert on this system. I'd be interested to know what more experienced users of this system have to say.
- #128,648
- Jan 9, 2022 1:17pm Jan 9, 2022 1:17pm
- Joined Nov 2008 | Status: Trader | 50,230 Posts
hello, I had a question: How do you distinguish a bad trade and what I mean by that is sometimes I see a tdi cross but then it does not go the same direction and even the stochastic goes the same with the tdi?
First of all, there are no bad trades. As traders we learn from the Big E posts in his old thread and we learn to pick only the best setups and decide on our trade.
If we trade blindly the TDI cross signals, we will end up with many losing trades and eventually blow many accounts like may new traders in this thread.
Below is an example of a losing trade - EU H1 .
Is this a good or bad trade?
Some would say a good trade but ended up losing because of 101 hindsight reasons.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #128,649
- Jan 9, 2022 1:22pm Jan 9, 2022 1:22pm
- Joined Nov 2008 | Status: Trader | 50,230 Posts
{quote} The white line that one {image}
Your chart did not follow the OP' chart template - missing the 5EMA, Typical Price, Shift+2.
If you follow the OP' post #261, there is no buy setup.
And looking at the previous price action 1,2 and 3 on your chart, there is also no high probability buy trade because of Daily and Weekly. Post#647.
> Daily PA swing high reversal
> Weekly PA pull back
> looking at the PA 2 zone, I suspect there is historical levels in play therefore I would be caution when taking trades in that zone.
> Do a PAC 'blending' test! see old thread.
> PA did not close above the PAC.
> 5EMA is flat and also the PAC is flat too.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #128,650
- Jan 9, 2022 1:38pm Jan 9, 2022 1:38pm
- Joined Nov 2008 | Status: Trader | 50,230 Posts
{quote} I would have been very cautious to enter there as we are in a downtrend. Secondly, of those three bullish (white) candles, the first one is below the MA, so there's no trade there, the second one has a tail on both ends, which is not a good sign, caution required, and then the green TDI flattens out, which Big E says (said) is a sign to close the trade. Basically, why go counter-trend when going with the trend has so much more potential? Or else just take the loss as part of trading this system! Those are my thoughts as a non-expert on this...
also note that there was US ISM data release prior and FOMC on Wednesday.
UJ was trending for weeks in 2021 and hitting old historical levels.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #128,651
- Jan 10, 2022 3:12am Jan 10, 2022 3:12am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
{quote} I really like your money management system. I am day trader of optionselling in index of india.I want to apply your TMS MEME and MEME-II rules to my trading .please post rule of TMS MEME and TMS MEME-II.
First you can start with the basic TMS MEME in 2022 and when you have enough live market experience you can move higher to TMS MEME II.
USDJPY Week 02 Jan 10 to 14 trading with TMS MEME when the Weekly Trend 2/8 is bullish.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #128,652
- Jan 10, 2022 5:08am Jan 10, 2022 5:08am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} 2 candles prior to your highlighted TDI buy cross, the low was lower than the previous HL. You can come up with rules to handle situations where HL is violated, such as fake outs. It is also okay to lose trades now and then. The chart showed shows a larger number of profitable trades than those to be stopped out when following BigE’s #647 Price Actions.
Let's say we stick with only price level elements of BigE's TMS.
Here is one straightforward way. HA candles to smooth out price swings. Strictly follow the HHHL as up swing bias and LHLL as down swing bias and rely on TDI green cross red signals. Only trade TDI crosses following the bias which is determined prior to the TDI signals. Trade management can be like BigE placing SL at last LL or HH, trailing, etc.
On chart:
Left edge of rectangle = first candle to confirm buy/sell bias
Right edge of rectangle = last candle for bias.
v-lines: TDI crosses
Only trade upon TDI UP crosses in green rectangles and DOWN crosses in red rectangles. When the HHHL or LHLL sequence break the bias is neutral until next H/L shows signs
Keep trading as simple as it is.
- #128,653
- Jan 10, 2022 5:53am Jan 10, 2022 5:53am
{quote} Inquiry on using #647 Highs and Lows to pick the high probability TDI green cross red signals. Let's say we stick with only price level elements of BigE's TMS. {image} Here is one straightforward way. HA candles to smooth out price swings. Strictly follow the HHHL as up swing bias and LHLL as down swing bias and rely on TDI green cross red signals. Only trade TDI crosses following the bias which is determined prior to the TDI signals. Trade management can be like BigE placing SL at last LL or HH, trailing, etc. On chart: Left edge of rectangle...
For interest (not saying one way is better or worse than any other) I marked the dominant trends on my H4 chart for the dates you used and then checked out what it looks like on the daily timeframe. I found that the 5 MA (simple, shift-2, HLC/3) as it appears on the daily almost exactly matches those dominant trends.
- #128,654
- Jan 10, 2022 5:59am Jan 10, 2022 5:59am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
{quote} Inquiry on using #647 Highs and Lows to pick the high probability TDI green cross red signals. Let's say we stick with only price level elements of BigE's TMS. {image} Here is one straightforward way. HA candles to smooth out price swings. Strictly follow the HHHL as up swing bias and LHLL as down swing bias and rely on TDI green cross red signals. Only trade TDI crosses following the bias which is determined prior to the TDI signals. Trade management can be like BigE placing SL at last LL or HH, trailing, etc. On chart: Left edge of rectangle...
hey @tommydog...
You have not considered all the 10 things which Big E would pick the best trade setups. You have not read Big E old thread yet.
When trading the 4H, your Daily and Weekly are your higher timeframe 'trend'.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #128,655
- Jan 10, 2022 6:20am Jan 10, 2022 6:20am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #128,656
- Edited 6:39am Jan 10, 2022 6:27am | Edited 6:39am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
{quote} For TMS MEME 2022, I would be focus on these currency pairs in 6 groups. Pick only the best Daily and Weekly swing setups one from each group. Trading Currency Pairs – Seven(6) Groups 2022 Group#1 AUDUSD EURUSD GBPUSD USDCAD USDCHF NZDUSD Group#2 EURAUD EURNZD EURCAD EURCHF EURGBP*** Group#3 GBPAUD GBPNZD GBPCAD GBPCHF Group#4 USDJPY AUDJPY EURJPY GBPJPY NZDJPY CADJPY CHFJPY SGDJPY Group#5 AUDCAD AUDNZD NZDCAD Group#6 AUDSGD EURSGD GBPSGD USDSGD NZDSGD
My personal goal is to try my very best and complete 2000 MEME trades by end December and generate consistent cash flow and to grow an account like this last 12 months.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #128,657
- Jan 10, 2022 7:18am Jan 10, 2022 7:18am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Nice thinking - trading with the dominant trend is the way to go. For interest (not saying one way is better or worse than any other) I marked the dominant trends on my H4 chart for the dates you used and then checked out what it looks like on the daily timeframe. I found that the 5 MA (simple, shift-2, HLC/3) as it appears on the daily almost exactly matches those dominant trends. {image}{image}
I am keeping the simplicity of BigE's Trading Made Simple nowadays. If you review my previous posts in this TMS thread, I am using only 3 PA elements and the TDI green red line. I have work and other activities during the day so I have been working on strategy development last year to come up with the way to trade TMS with bare minimum time and effort. MTF analysis is one of the elements I removed along the progress towards the end. A simple PA analysis for bias followed by TDI signals (set up alerts), pre-determined SLTP with max 1 step of trade management, that is all I need currently.
Trade Well.
{quote} Hi Given, Have you considered the way BigE placed his SL upon entry? Then as trade progress you can execute your MM. #495 S/L at last HH or LL #647 has enlightened me with determining bias and POI with the few Price Action, that should limit the TDI signals you get and decide if to enter a trade. For example, a HHHL uptrend pattern can be a confluence for you should you go for continuation (BUY crosses, bounces) at supports or reversals (SELL cross) at resistances. Things like that Green pips to you {image}
- #128,659
- Jan 10, 2022 8:53am Jan 10, 2022 8:53am
- Joined Nov 2008 | Status: Trader | 50,230 Posts
US30 Trades Closed Jan 10
- today US Markets is one direction ... easy!
> trade Big E #557 and #7555
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #128,660
- Jan 10, 2022 5:13pm Jan 10, 2022 5:13pm
- Joined Nov 2008 | Status: Trader | 50,230 Posts
US Markets Jan 10
- strong pull back after Chicago 9:30am
- if you are the short term day-trader, you can make a lot of money 'chasing the 1hr candle' setup
> you can simply scalp the 1hr and make USD500 to USD1000 per session.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett