My Trading Journey with TMS Classic | Page 16 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

LRSF Monitor - Assistant for TMS trading 28 replies

TMS MEME Trading Journal 2 replies

TMS trading journal 14 replies

TMS Momentum Trading 31 replies

Polapip The Meandering System (TMS) 29 replies

Attachments: My Trading Journey with TMS Classic
Exit Attachments

My Trading Journey with TMS Classic

  • #301
  • Jun 4, 2022 6:42am Jun 4, 2022 6:42am
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...
Some elaboration on "there are many trade management strategies to work with to exit with small gain/loss/BE before price dropped again."

BigE's Trading Made Simple is heavily focused on entry accuracy. i.e. achieve 85% win rate. The outcome is open positions go to profit zone / BE with very high probability even if the price eventually does not reach initial TP and hit the initial SL. Giving traders room to exit the trade with small profit instead of small / full loss.

USDCHF Sell as an example.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB


Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
  • #302
  • Edited 7:31am Jun 4, 2022 7:11am | Edited 7:31am
Quoting tommydoginti
{quote} Some elaboration on "there are many trade management strategies to work with to exit with small gain/loss/BE before price dropped again." BigE's Trading Made Simple is heavily focused on entry accuracy. i.e. achieve 85% win rate. The outcome is open positions go to profit zone / BE with very high probability even if the price eventually does not reach initial TP and hit the initial SL. Giving traders room to exit the trade with small profit instead of small / full loss. USDCHF Sell as an example. {image} {image}
Next time, you can not wait for a rollback and lose everything to go to + and such a drawdown is tin!
And to trade HHHL or LLLH, you don't need the Heiken_Ashi and TDI indicator, this is simply called Structural Analysis
Inserted Video
  • #303
  • Jun 4, 2022 7:35am Jun 4, 2022 7:35am
Quoting faktmany
{quote} Next time, you can not wait for a rollback and lose everything to go to + and such a drawdown is tin!
Correct. Not every time trade will go in your favour, and not every time you can exit in good position even with trade management. This is trading.
But risk control is applied, the drawdown would be max at 2% per trade.

but trading is a number game. Just plan your trade with statistics in your favour.

My rationale of the trade was 1) LHLL to sell. Then 2) price went up to retest high again -> likely consolidation. With backtest I know 3) this type of setup has low probability of breaking another high and go in full reverse, especially no major news until NFP.

So I traced the TP to BE+, having in mind that price can do a few things
1) triple top and go down
2) transit to consolidation condition
3) double bottom, liquidity grab, etc before reversal
4) straight up reversal

Condition 1-3 all would reach my BE+. 4 is very unlikely unless breaking news.

I have my DD included in the trade performance. Also trade with SL. (Side Note: the FF FTMO thread has members repeatedly reporting an insane spread spike to take out traders. So I use price alert and/or EA with spread gate to exit losing trades, FYI)
  • #304
  • Jun 4, 2022 7:36am Jun 4, 2022 7:36am
Quoting faktmany
{quote} Next time, you can not wait for a rollback and lose everything to go to + and such a drawdown is tin! And to trade HHHL or LLLH, you don't need the Heiken_Ashi and TDI indicator, this is simply called Structural Analysis https://www.youtube.com/watch?v=lH3h8oJ5K9k&t=1s

Hi Fakymany,

I see you have followed BigE’s TMS for more years than me, I believe you would not miss the price action BigE used to determine whether to enter a trade, and should it be a buy/sell.


And well said
Attached Image (click to enlarge)
Click to Enlarge Name: B3683EBE-53FD-4913-AEEC-6279E0444B46.jpeg Size: 275 KB
  • #305
  • Jun 4, 2022 9:00pm Jun 4, 2022 9:00pm
how do you personal mesage up here? i cant find it anywhere
  • #306
  • Jun 5, 2022 2:51am Jun 5, 2022 2:51am
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...
" >>> next week we can possibly look for sell opportunities with TMS MEME entries"
Post#1 >"So I want to create a thread for newbies like me who are interested in TMS Classic way which was inspired by Big E can learn and share their trading journey with this method."

Which part of this sentence do you not understand?
You have already trashed BigE's Trading Made Simple with your other ways, now you are starting again in this thread.

> BigE did not look at other timeframes. He got all the information from the chart he is trading on.
> There are no TMS MEME entries in BigE's method, only TDI Green cross Red with Green angle above/below 2/4 and Stoch confirming the direction.

"So I want to create a thread for newbies like me "
> Do you see yourself as an newbie that you can post in this thread?

Post#17 >"Welcome all friends in FF who are interested in TMS 5-method Classic to discuss in this topic.
> Come big boy. Behave like a man with integrity and don't over run this thread with your relentless postings.
  • #307
  • Jun 6, 2022 7:56pm Jun 6, 2022 7:56pm
AU - Looking for SELL
UCHF - Looking for BUY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
Click to Enlarge Name: screenshot.png Size: 33 KB
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #308
  • Jun 7, 2022 10:02am Jun 7, 2022 10:02am
Deeper MTF Analysis
1. UCHF
- Daily TF: Yesterday Candle shows us that PA likely to move upward. So we mark today candle with a vertical Blue line indicating that we will find LONG EP after that.
- H4 TF: PA makes Higher Low (HL) and then breaks recent Resistance and make Higher High (HH) ==> HL then HH ==> Market Structure confirmed Bullish
- H1 TF: We wait for Buy Signal at recent R/S level when PA pull back
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
Click to Enlarge Name: screenshot.png Size: 37 KB
Click to Enlarge Name: screenshot.png Size: 35 KB
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #309
  • Jun 7, 2022 10:08am Jun 7, 2022 10:08am
2. AU
- Daily TF: Yesterday candle is not a so good momentum candle
- H4 TF: PA still can not break Support level to make LL. Market structure does not confirm Bearish
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 39 KB
Click to Enlarge Name: screenshot.png Size: 38 KB
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #310
  • Jun 7, 2022 10:33am Jun 7, 2022 10:33am
Quoting markrekt
2. AU - Daily TF: Yesterday candle is not a so good momentum candle - H4 TF: PA still can not break Support level to make LL. Market structure does not confirm Bearish {image} {image}
AU Buy bias. Anticipate Buy setup at previous lows as of #647 @ TMS's thread, SL at previous LL (#495Even not the idea price movement can yield profitable trades.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 4 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 39 KB
  • #311
  • Jun 7, 2022 10:45am Jun 7, 2022 10:45am
Quoting tommydoginti
{quote} AU Buy bias. Anticipate Buy setup at previous lows as of #647 @ TMS's thread, SL at previous LL (#495Even not the idea price movement can yield profitable trades. {image} {image}
I am looking market structure at H4 TF. It seems clearly.
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #312
  • Edited Jun 8, 2022 12:18am Jun 7, 2022 11:43am | Edited Jun 8, 2022 12:18am
Quoting markrekt
{quote} I am looking market structure at H4 TF. It seems clearly.
That's interesting, because I do the opposite and look at smaller TFs. This brings me much higher success because I have much higher probability of selecting the correct direction of the developing move.

I have displayed H1, m8, and m1 TFs.
On H1, I drew a white rectangle around the first bar that closed as an up bar from the double bottom, which is the white Hline. The white rectangle is duplicated on the other TFs for reference to that H1 bar.

From this double bottom, we might expect price will go up rather than down. But clearly, looking left, there is a down trend. I would like more assurance about which direction it will go.

So because a direction change on a larger TF can only occur when all the TFs below change direction, at the H1 bar close, I check the smallest TFs for a DOWN swing. When that down swing ends, I have important information about whether the bigger down swing is going to continue, or if the reversal is underway.

The dotted green Vline on all of the charts is the opening time of the next H1 bar. As you can see on m1, there is already a down swing started before the first H1 bar closed. It also continued to the m2 and m4 TFs, but no need to include them here.

Checking m8 at the H1 bar close, there are no down bars yet. But as more time passes, that down swing carries over to m8 as well, but it did not continue to any higher TF. It is just a matter of observing whether the down swing keeps going so far that it continues the H1 down trend, or if it stops and becomes a mere retracement in a new up trend.

Note that during the down swing that the TDI on m1 clearly crosses down and is sloped down, and then crosses and slopes back up as the down swing ends, while the m8 TDI simply shows green turn down and bouncing up off of the red line, which is clearly sloped upward on m8.

I placed the solid green Vline on m8 at the open time of the bar after the first closed up bar. Note the closed up bar is also above the EMA5. So now I can confidently make a buy at the open of that second blue bar on the m8.

If you check H1 now, you can see that some people would simply buy at the open of blue bar #2, because bar #1 closed above the EMA5 and TDI crossed up. But notice bar #1 is very large compared to the prior bars, and often immediately after a strong up move like that, a retracement will occur. By looking at the smaller TFs for information rather than just jumping in, the confidence is high and stress is low for having the trade end as a winner.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 83 KB
To free Gazans of Hamas, use whatever it takes.
  • #313
  • Jun 8, 2022 3:17am Jun 8, 2022 3:17am
Here is an example of trading the 5-method with looking at several TFs to gain higher probability of success.

EURUSD m1, m4, m8.
I saw that EURUSD was in consolidation in several small TFs, so I drew a rectangle around it on the m1 and added a "balance line" at the middle. I want to see a break out of the rectangle AND see a subsequent retracement that tests the rectangle, followed by a continuation (or else a failure).

m4 shows a break up and a retracement, and the retracement progressed up through the m8 TF (only 1 down HA bar). Although BigE stated clearly that he did not care what the red line is doing and didn't even display the yellow line, there is much valuable information in those two lines. Note that all three of the TDI lines for both m4 and m8 are already sloped upward when the retracement occurs, and the retracement was so weak that the red does not slope down.

Also note that on m8, no bars closed below the EMA5.

So a buy can be made any time soon after the green Vline: The most conservative is to wait for the first up HA bar to close after the retracement. But considering the observations that indicate a strong up bias, the entry could be with m4 green cross red up an close of the up bar above EMA5.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 111 KB
To free Gazans of Hamas, use whatever it takes.
  • #314
  • Jun 8, 2022 9:18pm Jun 8, 2022 9:18pm
EA
- Daily seems good to start looking for LONG EP
- H4 TF: PA fails to make LL, then PA breaks recent High to make HH ==> Bullish
- H1 TF: We want to see a pull back and Buy Signal before taking the trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
Click to Enlarge Name: screenshot.png Size: 40 KB
Click to Enlarge Name: screenshot.png Size: 39 KB
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #315
  • Jun 9, 2022 9:54am Jun 9, 2022 9:54am
Best Set-up Candle for Trade Entry
Set-up Candle is a candle before Entry Candle. When you see a set-up candle, it means that you will want to Entry on the next Candle.
On Daily TF, when you see a good set-up candle, you will take a trade following the trend which the set-up candle indicates. But trading on Daily TF means that your SL is High.
So, in our system, We will use set-up candle on Daily TF as a trend indicator. We see a Set-up candle on Daily TF, so we can find the Trend Bias, then we switch to Lower TF to find trade entry (H1 TF) following the Trend Bias.

A best Set-up candle must be qualified conditions as follows
(We will talk about BUY EP, SELL EP is vice versa)
- TDI Green Cross up Red
- TMS Cross Indicator: Green Arrow appears on the Set-up Candle
- The body of candle crosses up EMA5 & Closes above EMA5
- The body size is not too small nor too big. Not a doji candle.
- No long upper wick
- Set-up candle is #1 or #2 after color change
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 37 KB
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #316
  • Jun 9, 2022 10:06am Jun 9, 2022 10:06am
Trade EP on Lower TF (H1 TF)
When we see a Daily Set-up Candle, we switch to Lower TF (H1) to find Signals for Trade Entry.
A Trade EP on H1 TF must be following the above concept about Set-up candle. Note that we only take the trade in the same direction with the trend identifying by Daily Set-up candle.
Best if we find EP on the next day after Daily Set-up Candle. Because on Daily TF, we know that we enter the trade on candle #2 or #3 and we expect PA will go from #3 to #8 candle on a move (as Per original Thread by Big E)
If we can not find a trade EP within 2 days after Daily Set-up Candle, we know that PA is not ready for a move. So we will pass it and find another Daily Set-up candle before taking the trade EP.
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #317
  • Sep 19, 2022 7:45am Sep 19, 2022 7:45am
Quoting markrekt
Trade EP on Lower TF (H1 TF) When we see a Daily Set-up Candle, we switch to Lower TF (H1) to find Signals for Trade Entry. A Trade EP on H1 TF must be following the above concept about Set-up candle. Note that we only take the trade in the same direction with the trend identifying by Daily Set-up candle. Best if we find EP on the next day after Daily Set-up Candle. Because on Daily TF, we know that we enter the trade on candle #2 or #3 and we expect PA will go from #3 to #8 candle on a move (as Per original Thread by Big E) If we can not find a...
is this thread still alive ?
  • #318
  • May 20, 2024 5:45pm May 20, 2024 5:45pm
Is anyone using this strategy??
  • #319
  • May 25, 2024 3:30pm May 25, 2024 3:30pm
Quoting Homamiadana
{quote} is this thread still alive ?
It better should be!!!
  • #320
  • Jul 24, 2024 6:46am Jul 24, 2024 6:46am
You can see how cherry this set-up is
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 184 KB
Click to Enlarge Name: screenshot.png Size: 126 KB
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
2 traders viewing now