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My Trading Journey with TMS Classic

  • #281
  • May 30, 2022 1:29am May 30, 2022 1:29am
Quoting markrekt
{quote} Привет Фактманы, лично я не могу торговать на более низких ТФ. Некоторые причины следующие: 1....
I also started developing a system for trading on H1 and D1, this is described in my blog, in the section " How to earn 1000% per year")) After that, I switched to the S&P500 and now I have the opportunity to earn 1000% less than a year and only working 1 hour a day!
Here is an example of how with a risk of 150 points I made 500 p in 30 minutes, it brought me $ 1500 and now I can smoke bamboo all day. 1-2 deals a day and all the work, no stress for me. Naturally, this is my personal approach and everyone should choose their own, what suits you personally for comfortable work.
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  • #282
  • May 30, 2022 2:08am May 30, 2022 2:08am
EA - Looks good to start finding Short EP
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Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #283
  • May 30, 2022 7:45pm May 30, 2022 7:45pm
UJ - Looking for LONG EP
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Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #284
  • May 30, 2022 7:50pm May 30, 2022 7:50pm
GCAD - Yesterday Short EP. Still Holding
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Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #285
  • May 30, 2022 7:54pm May 30, 2022 7:54pm
Quoting markrekt
EA - Looks good to start finding Short EP {image}
EA - I dont see any good Trade Opportunity. PA is ranging now
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Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #286
  • May 30, 2022 7:59pm May 30, 2022 7:59pm
UCHF - Looks like the end of Bear cycle. We need today candle close to confirm
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  • #287
  • May 31, 2022 8:01pm May 31, 2022 8:01pm
Quoting markrekt
UJ - Looking for LONG EP {image}
UJ went up perfectly as we have expected. But I have exited the trade early
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  • #288
  • May 31, 2022 8:11pm May 31, 2022 8:11pm
Quoting markrekt
{quote} EA - I dont see any good Trade Opportunity. PA is ranging now {image}
EA - Short EP
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Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #289
  • Jun 1, 2022 10:27am Jun 1, 2022 10:27am
Quoting markrekt
{quote} EA - Short EP {image}
EA Trade
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  • #290
  • Jun 1, 2022 10:27am Jun 1, 2022 10:27am
GU Short Trade Today
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  • #291
  • Jun 1, 2022 10:32am Jun 1, 2022 10:32am
Quoting markrekt
GCAD - Yesterday Short EP. Still Holding {image} {image}
GCAD shows us a A++ Trade Setup today but I have missed it
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  • #292
  • Jun 1, 2022 10:44am Jun 1, 2022 10:44am
My TMS Method explains on chart: UJ
1. Monday Candle is a Daily Set-up candle ==> We find LONG EP from the beginning of the next candle (Marked with Blue vertical Line)
2. Switch to H1 TF to find LONG EP. We find a good EP yesterday (White vertical line)
==> You can see PA goes up like a beast
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  • #293
  • Jun 1, 2022 8:14pm Jun 1, 2022 8:14pm
Daily Scanning
- GU, EU: Looking for Sell
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  • #294
  • Jun 2, 2022 8:01pm Jun 2, 2022 8:01pm
Quoting markrekt
Daily Scanning - GU, EU: Looking for Sell {image} {image}
When you think that It is a A++ Entry but The market says ''F*** u""
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  • #295
  • Edited 9:05pm Jun 3, 2022 8:52pm | Edited 9:05pm
Quoting markrekt
{quote} When you think that It is a A++ Entry but The market says ''F*** u"" {image}

there will be often times when these kind of TMS' TDI setup will end up losers, nothing is 100 percent in trading.
60:40 is good enough to make money consistently when we have a proven Money Management strategy in your System Strategy plus the trader's Mental strategy to deal with the trader's own emotions and behaviour in his trading business.

but what can we do to pick the best setups like Big E?

> build up more experience trading in realtime live market conditions,
- pay attention to every small details on our trading charts especially the technical; indicators which we use like the Stochastics and full TDI or the RSI with MAs
- the full TDI has a lot more information about the recent market and the price behaviour not just the green line and red line
- with a lot more information, you will be able to determine the market type conditions before you see the TDI setups and you can then make better informed choices of the type of trades you want to take
- take notes of what goes on in the market everyday, every hour when there is one market session closing and opening, the New York open first 2 to 3 hours are very fast changing, especially after New York open at local 8:00am EST the next market open is at 9:30am EST and do not forget the London markets are still trading during these hours EST 8:00am till 12:00PM. London Close hour is critical.
- use our experience and make discretionary decisions to pick good trade setups with high probability to win

How could you have avoided that sell TDI setup?

> the market type conditions prior is sideways - consolidation Daily and H1, note the previous day' Daily candle high-low, then the H4 candles highs-lows

> there is no H1 swing high to take a sell trade, the minimum is 5-bars to see a swing high (fractal) for a A+++ setup

> H4 price action prior to the H1 TDI setup was bullish as the HA candle is above 5EMA (5-Method basic)

... plus a few more

> look at the full TDI which tell us the price behaviour of the market volatility (white rectangle) below.
* when the green line goes out of the expanding VB and re-enters, there is tendency for price correction and/or consolidates before the next move

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> my conclusion is Big E' TMS will wok best in two market type conditions - 1) trending market type , 2) sideways wide range market type. TMS will not work in sideways narrow range market type conditions.

>>> next week we can possibly look for sell opportunities with TMS MEME entries
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #296
  • Jun 3, 2022 9:46pm Jun 3, 2022 9:46pm
Quoting emmanuel7788
{quote} there will be often times when these kind of TMS' TDI setup will end up losers, nothing is 100 percent in trading. 60:40 is good enough to make money consistently when we have a proven Money Management strategy in your System Strategy plus the trader's Mental strategy to deal with the trader's own emotions and behaviour in his trading business. but what can we do to pick the best setups like Big E? > build up more experience trading in realtime live market conditions, - pay attention to every small details on our trading charts especially...
Hi Emmanuel,
Good to hear from you.
There are some different things which I have used here as following:
1. I don't use VB of TDI (2 blue lines). So I have no idea about it. Personally, I feel too complicated when use VB, the chart is fucking mess with too many lines.
2. I am trading 2 TF: Daily for Trend and H1 for Trade Entry. I just do not pay more attention on H4 TF (H4 for just draw S/R - yellow horizontal lines on my chart as you see).
3. About 5-bar swing high/swing low concept: I have tried this concept before but I see that it is not fit with TMS Entry rules. As TMS rules, we should enter on candle #1 or #2 after color change. If we wait for fractal arrow so we will enter on candle #3 or #4.
4. For GU Trade above:
- Previous daily candle is a good set-up candle which showed us Bearish Bias
- I switched to H1 TF to find Short EP.
- See 3 vertical white line I have marked on chart:
(1) I have entered here. PA bounce from resistance (yellow line ~ 1.25 50 level == half number level = key level). Previous candle is good momentum. TDI cross down...But the market is always right.
(2) is not a good EP opportunity: Before FO/LO. Previous candle is not a good momentum candle; Small body candle...
(3) is a better but I have passed it because yesterday is non-farm Friday, so I do not trade some hours before non-farm time
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  • #297
  • Jun 4, 2022 3:34am Jun 4, 2022 3:34am
Quoting markrekt
{quote} Hi Emmanuel, Good to hear from you. There are some different things which I have used here as following: 1. I don't use VB of TDI (2 blue lines). So I have no idea about it. Personally, I feel too complicated when use VB, the chart is fucking mess with too many lines. 2. I am trading 2 TF: Daily for Trend and H1 for Trade Entry. I just do not pay more attention on H4 TF (H4 for just draw S/R - yellow horizontal lines on my chart as you see). 3. About 5-bar swing high/swing low concept: I have tried this concept before but I see that it is...

I would suggest to keep it simple and use only BigE’s Price Action and TDI green and red line.

5-bar swing does not work as it is later than TDI cross signals. In fact TDI cross overlaps with some reversal patterns such as engulfing candles, so to keep it simple I don’t see the reason not using just TDI crosses for analysis.

For your GU. My 2 cents using BigE’s #647 price actions.

previous Highs and Lows
Trend
rejection

Here are some events happened before your Sell entry. You should know the fact that you cannot predict the market condition based on any moment before you open the trade. I don’t consider “market condition” rather than likelihood of price moving to certain directions and ranges

daily: price already breached and rejected from previous High, but lasted for 3 days price kept retesting the prev H. It was only the second candle and already making a bull open candle (before your entry). It was valid sell but better to adjust to lower TP to BE+. Best would be wait for price to make another H or L.
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4H: typical LHLL pattern for sell.
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1H: the LHLL pattern for downtrend was broken. For sell better wait for price to come back to previous H and be rejected. At your time of trading there was already HHHL formed, valid for Buy. Same as management for Daily, when seeing price stalled at H for 19 hours, there are many trade management strategies to work with to exit with small gain/loss/BE before price dropped again.
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My way of trading is to only look at 1 TF and if no good setup, go up 1 TF.
This way of trading TMS has a few advantages. 1. Price alert is helpful to minimise charting time (H and L are price levels). 2. Most trades are in profit upon entry or stall around your entry. 3. Trade opportunities propagates from LTF to HTF. You can focus on the lowest TF you wish to trade and if no good set up, there is still time to form setup on HTF.

Trade well
  • #298
  • Jun 4, 2022 5:09am Jun 4, 2022 5:09am
Quoting tommydoginti
{quote} I would suggest to keep it simple and use only BigE’s Price Action and TDI green and red line. 5-bar swing does not work as it is later than TDI cross signals. In fact TDI cross overlaps with some reversal patterns such as engulfing candles, so to keep it simple I don’t see the reason not using just TDI crosses for analysis. For your GU. My 2 cents using BigE’s #647 price actions. previous Highs and Lows Trend rejection Here are some events happened before your Sell entry. You should know the fact that you cannot predict the market condition...

@tommydog

You wrote: "5-bar swing does not work as it is later than TDI cross signals."

Your statement is not true. Go back and read and study Big E' old thread where he showed many examples and also explained how he blended other system/method when he developed his 5-Method. You must pay attention to details in Big E' posts and learn the different reversal setups he traded with the TDI green line momentum.

There is still a lot you have to learn to become a long term profitable trader.

Good luck.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #299
  • Jun 4, 2022 5:20am Jun 4, 2022 5:20am
Quoting markrekt
{quote} Hi Emmanuel, Good to hear from you. There are some different things which I have used here as following: 1. I don't use VB of TDI (2 blue lines). So I have no idea about it. Personally, I feel too complicated when use VB, the chart is fucking mess with too many lines. 2. I am trading 2 TF: Daily for Trend and H1 for Trade Entry. I just do not pay more attention on H4 TF (H4 for just draw S/R - yellow horizontal lines on my chart as you see). 3. About 5-bar swing high/swing low concept: I have tried this concept before but I see that it is...

Hi markrekt

many years ago going I was trading the COWABUNGA system before Dean Malone' Synergy trading model even before Big E' TMS 5-Method.

I am used to trading the full TDI and I understand how you feel knowing Big E' aggressive use of the TDI green and red lines only.

But when you want to develop a winning system that fits you, the TDI is just a small part of 5% of the trading system. The big part of the trading system is Money Management.
Of course you can make it simple and use only the green and red lines, then you want to be like Big E the reversal trader and scalper.

But when you want to develop a system to generate cash flow and income longer term, you have to add your own Money Managemeet Strategy.

Here is post attached charts from my Post#57865

You can read from Post#57865 to Post#69,520 and see how TMS works with a proven Money Management Strategy.
It started in 2013, trading a $10,000 account and grew that to $50,000.
Then from $50,000 to the result in that in Post#69,520 .

You want to develop your own system. Do you have a system strategy?
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #300
  • Jun 4, 2022 6:33am Jun 4, 2022 6:33am
Quoting emmanuel7788
{quote} @tommydog You wrote: "5-bar swing does not work as it is later than TDI cross signals." Your statement is not true. Go back and read and study Big E' old thread where he showed many examples and also explained how he blended other system/method when he developed his 5-Method. You must pay attention to details in Big E' posts and learn the different reversal setups he traded with the TDI green line momentum. There is still a lot you have to learn to become a long term profitable trader. Good luck.
Hi Emmanuel,

Your statement is not true.
I was commenting on Markrekt's point.

3. About 5-bar swing high/swing low concept: I have tried this concept before but I see that it is not fit with TMS Entry rules. As TMS rules, we should enter on candle #1 or #2 after color change. If we wait for fractal arrow so we will enter on candle #3 or #4.

That is something traders will know and able to verify the aforementioned observation. Unless you can post examples to prove otherwise.


====
There is still a lot you have to learn to become a long term profitable trader. Good luck.

Thanks. But I would rather keep it simple. Time is the most valuable thing, So far I only use the essence of BigE's TMS and is profitable since the beginning. The method is also very consistent. I would also suggest you and others not to complicate things.

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Didn't trade last week. The AUD buy @70970 is just open and let run.
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