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Trading Made Simple

  • #133,361
  • Aug 2, 2022 7:30pm Aug 2, 2022 7:30pm
Quoting emmanuel7788
TMS Monitor Aug 03 Tokyo 9:25am - we are in the last 35mins of the current 4hr trade window - if you missed AU sell, then you still have the next 4hr trade window {image}

AU Aug03 sell

- nice continuation during the 4hr trade window

Attached Image (click to enlarge)
Click to Enlarge Name: AU Aug03 sell SYD O 3-8-2022 8-28-50 am.png Size: 45 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,362
  • Aug 2, 2022 7:37pm Aug 2, 2022 7:37pm
Quoting emmanuel7788
{quote} NASDAQ Aug 03 Daily - same price action at BRN 13000 {image} ...

US30 DOW Aug 03 H1

- should be easy decision today for pre-session day trading ... Follow Daily PA

- the 5LWMA / 5EMA are good visual guide, the H1 pulled back and continues ...

Attached Image (click to enlarge)
Click to Enlarge Name: US30 DOW Aug03 H1 sell 3-8-2022 8-35-30 am.png Size: 28 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,363
  • Aug 2, 2022 9:48pm Aug 2, 2022 9:48pm
Quoting emmanuel7788
{quote} {image} Install TMS_V19 EA as your live market trading tutor. go to these links and download the TMS_V19 Tools, Manual https://www.forexfactory.com/showthr...57#post5070757 Expert Advisor download this version here: https://www.forexfactory.com/showthr...87#post5079087 Don't be shy to ask questions and I know there are many different combination of those TMS settings. Setting up the...
Hi Emmanuel,

Thanks sharing the ea I will test it out can I ask the list of the indicators needed on this ea. to download in my mt4 folder.

Thank you,
Romwil
  • #133,364
  • Aug 2, 2022 10:16pm Aug 2, 2022 10:16pm
Quoting emmanuel7788
{quote} AU Aug03 sell - nice continuation during the 4hr trade window {image} ...
Ok, thanks.
  • #133,365
  • Aug 3, 2022 12:39am Aug 3, 2022 12:39am
Quoting tommydoginti
{quote} I echo your comment. Keep trading simple. Use price action to determine bias and enter with TDI cross. 2 steps and a couple criteria to look out. Trade well. ==== 1. TDI is heart of the TMS 5-method --- #261, #2617 All trades I share here are signaled by TDI green cross /bounce red 2. I work with time frames and time of day that suits me --- #644,...
Tommy thanks
  • #133,366
  • Aug 3, 2022 1:23am Aug 3, 2022 1:23am
Quoting romwil21
{quote} Hi Emmanuel, Thanks sharing the ea I will test it out can I ask the list of the indicators needed on this ea. to download in my mt4 folder. Thank you, Romwil

very good question @romwil21.

for many years since the TMS_V19 was developed with contributions from several experienced TMS traders and shared by seller9 in 2011, many new traders here struggled to get it running properly and this is because of their lack knowledge and experience in the use of MT4 trading platform. Today it is still the same and I read some new traders call this TMS trading tool EA crap simply because of the same reasons... lack market knowledge and limited trading experience.

which indicators required to run TMS_V19?

> see this post #1032,337
https://www.forexfactory.com/thread/...2#post12859772

> also important to read this post #102,563
https://www.forexfactory.com/thread/...9#post12872289

also post #104,859
https://www.forexfactory.com/thread/...6#post12977086
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,367
  • Aug 3, 2022 1:29am Aug 3, 2022 1:29am
Quoting Ricorapier
{quote} Ok, thanks.

another example, this time is H4 the PDT 10PM 4hr candle.

the TDI show a 'check-mark' with slope >7.0 and cross the red line

but the risk is Trend 2/8 Weekly is still sideways and the TDiC1 Daily is red.

a simple filter of the 5EMA also confirms a high risk trade setup and potential losing trade

note the TDI' volatility band VB ... its widening and the RSI green price line went out of the VB and re-enters the VB ... this is one key piece of information which TMS traders often ignore.

>>> What did the Op Big E said about this TDI and VB, and the price action?

>>> not the best A+++ setup and it is unlikely to run 3 to 8 candles , go find another better pair to trade at 10pm PDT


Attached Image (click to enlarge)
Click to Enlarge Name: AU Aug 03 H4 V19 3-8-2022 2-11-46 pm.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,368
  • Aug 3, 2022 1:49am Aug 3, 2022 1:49am
Quoting emmanuel7788
{quote} another example, this time is H4 the PDT 10PM 4hr candle. the TDI show a 'check-mark' with slope >7.0 and cross the red line but the risk is Trend 2/8 Weekly is still sideways and the TDiC1 Daily is red. a simple filter of the 5EMA also confirms a high risk trade setup and potential losing trade note the TDI' volatility band VB ... its widening and the RSI green price line went out of the VB and re-enters the VB ... this is one key piece of information which TMS traders often ignore. >>> What did the Op Big E said about this TDI and VB,...

now you understand why I said #1718 is crap more than 10 years ago.

yes, we must keep it simple but how much more simple can you get to?

master the 5-Method and strip away that Stoch and TDI stuff from you charts and it will be much simpler to make trade with two less indicators.

"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?"
Attached Image (click to enlarge)
Click to Enlarge Name: Big E #1718.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,369
  • Aug 3, 2022 1:53am Aug 3, 2022 1:53am
Quoting emmanuel7788
{quote} very good question @romwil21. for many years since the TMS_V19 was developed with contributions from several experienced TMS traders and shared by seller9 in 2011, many new traders here struggled to get it running properly and this is because of their lack knowledge and experience in the use of MT4 trading platform. Today it is still the same and I read some new traders call this TMS trading tool EA crap simply because of the same reasons... lack market knowledge and limited trading experience....
Thanks so much Mate, Help a Lot!! GOD Bless you..
  • #133,370
  • Aug 3, 2022 4:34am Aug 3, 2022 4:34am
Quoting emmanuel7788
{quote} another example, this time is H4 the PDT 10PM 4hr candle. the TDI show a 'check-mark' with slope >7.0 and cross the red line but the risk is Trend 2/8 Weekly is still sideways and the TDiC1 Daily is red. a simple filter of the 5EMA also confirms a high risk trade setup and potential losing trade note the TDI' volatility band VB ... its widening and the RSI green price line went out of the VB and re-enters the VB ... this is one key piece of information which TMS traders often ignore. >>> What did the Op Big E said about this TDI and VB,...

now 4 hours later we have the PDT 2am EST 5am 4hr candle,

the TDI went flat value 0.6 ... exit buy when TDI flat ... TDI for entry and exit ??? simple rule, right?

Attached Image (click to enlarge)
Click to Enlarge Name: Au Aug 03 H4 V19 2am PDT 5am EST 3-8-2022 5-01-54 pm.png Size: 52 KB


but wait a minute! PA traders say Doji candle with small body is market indecision candle ... do you exit when market is undecided?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,371
  • Aug 3, 2022 7:25am Aug 3, 2022 7:25am
PM question

what is the 5-Method mentioned many times.

Ans:

this chart below is what the original 5-Method chart would look like without the Stoch and TDI, and the APB/HA candles turn-off.
we see the Japanese candlesticks and the 5EMA, Typical Price, Shift+2.

bar(0) is the current week candle

bar(1) (2) (3) (4) and (5) is the 5bars swing low

bar(3) is the fractal confirmed with bar(1) and (2) closed.



Attached Image (click to enlarge)
Click to Enlarge Name: Big E' original 5-Method wo Stoch and TDI 3-8-2022 8-17-41 pm.png Size: 19 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,372
  • Edited 6:50pm Aug 3, 2022 6:19pm | Edited 6:50pm
Quoting emmanuel7788
{quote} now 4 hours later we have the PDT 2am EST 5am 4hr candle, the TDI went flat value 0.6 ... exit buy when TDI flat ... TDI for entry and exit ??? simple rule, right? {image} but wait a minute! PA traders say Doji candle with small body is market indecision candle ... do you exit when market is undecided?

AU Aug04 update Sydney 9am:

- do you buy or sell today and rest of this week?
Weekly
> Trend 2/8 is sideways
> Weekly chart shows a WCC
> ATR(52) week is ~165pips

Attached Image (click to enlarge)
Click to Enlarge Name: AU Aug 04 Sydney 9am 4-8-2022 6-58-00 am.png Size: 53 KB


Daily
- is Daily suggesting you sell?
- remember your price fractal analysis and your rules


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,373
  • Aug 3, 2022 7:08pm Aug 3, 2022 7:08pm
What IF?

when we are trading we look for trade setups to make a trade entry decision and very often often ask questions like:

- what IF the market does something twice or thrice then what?

- what IF the market tested a certain historical price and fails to continue above or below?

- we ask lots of questions as a process of trading

Example,

US30 DOW M15
- last night it tried 32900 again ... for the third time but close back below

Attached Image (click to enlarge)
Click to Enlarge Name: US30 what if quetion 4-8-2022 7-58-11 am.png Size: 28 KB

- everyday we see such kind of market behaviour



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,374
  • Aug 3, 2022 10:09pm Aug 3, 2022 10:09pm
Quoting emmanuel7788
{quote} AU Aug04 update Sydney 9am: - do you buy or sell today and rest of this week? Weekly > Trend 2/8 is sideways > Weekly chart shows a WCC > ATR(52) week is ~165pips {image} Daily - is Daily suggesting you sell? - remember your price fractal analysis and your rules ...

AU Aug04 H1

- BUEOB price action setup

Attached Image (click to enlarge)
Click to Enlarge Name: AU Aug04 H1 BUEOB 4-8-2022 10-20-59 am.png Size: 53 KB

- BUEOB is a big bar/candle after a small previous bar/candle

it is one of the Three Powerful FOREX Price Patterns which you can trade with following Post#647

BEEOB and BUEOB

- one of the Three Powerful FOREX Price Patterns you can trade with Big E' 5-Method.

Learn just a few basic price action and apply them with Post#647, no need to guess what are big and small candle, be specific with what is small and what is big candle.

Three Powerful FOREX Price Patterns { download }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,375
  • Aug 3, 2022 11:12pm Aug 3, 2022 11:12pm
Quoting emmanuel7788
{quote} AU Aug04 H1 - BUEOB price action setup {image} - BUEOB is a big bar/candle after a small previous bar/candle it is one of the Three Powerful FOREX Price Patterns which you can trade with following Post#647 BEEOB and BUEOB - one of the Three Powerful FOREX Price Patterns you can trade with Big E' 5-Method. Learn just a few basic price action and apply them with Post#647, no need to guess what are big and small candle, be specific with what is small and what is big candle. Three Powerful FOREX Price Patterns {...
HI Emmanuel,

I saw the ea autotrade?? did I messed something with the settings?

Also, I got notified no description pop-up message.
  • #133,376
  • Aug 4, 2022 12:44am Aug 4, 2022 12:44am
Quoting romwil21
{quote} HI Emmanuel, I saw the ea autotrade?? did I messed something with the settings? Also, I got notified no description pop-up message.

hi romwil21

Yes, that TMS_19 EA has the option to open trade automatically based on the selected setup conditions.

But, I DO NOT recommend anyone here to use that EA for auto-trading like a trading robot. I have tested years ago and it is only profitable running H4 and Daily with live price data from one of my broker. All the other timeframes will lose money.

That EA does not trade like Big E trading style which is rules-based discretionary trading. Exactly what Big E mentioned in his post #139:
"... EA's. Why? They can't observe and think like humans can and do. You need to learn to think on your own while trading and making your own decisions. ..."

It would be better to use that TMS_V19 for technical information on the market conditions and your preferred technical setups criteria which you can decide and save them as individual set-files according to your trade plan.

If you want to use EA for semi-auto trading, then I have other EAs which members here have been using since 2010.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,377
  • Aug 4, 2022 12:47am Aug 4, 2022 12:47am
Quoting emmanuel7788
{quote} AU Aug04 H1 - BUEOB price action setup {image} - BUEOB is a big bar/candle after a small previous bar/candle it is one of the Three Powerful FOREX Price Patterns which you can trade with following Post#647 BEEOB and BUEOB - one of the Three Powerful FOREX Price Patterns you can trade with Big E' 5-Method. Learn just a few basic price action and apply them with Post#647, no need to guess what are big and small candle, be specific with what is small and what is big candle. Three Powerful FOREX Price Patterns {...

AU Aug 04 at EST 1am PDT 10PM Big E' 4hr

- H4 continuation setup bounce 2.6 Slope 2.7

- do you see the risks?

Attached Image (click to enlarge)
Click to Enlarge Name: AU Aug 04 H4 bounce 2.6 4-8-2022 1-05-51 pm.png Size: 46 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,378
  • Aug 4, 2022 2:25am Aug 4, 2022 2:25am
Quoting emmanuel7788
{quote} hi romwil21 Yes, that TMS_19 EA has the option to open trade automatically based on the selected setup conditions. But, I DO NOT recommend anyone here to use that EA for auto-trading like a trading robot. I have tested years ago and it is only profitable running H4 and Daily with live price data from one of my broker. All the other timeframes will lose money. That EA does not trade like Big E trading style which is rules-based discretionary trading. Exactly what Big E mentioned in his post #139:...
Super thanks can you message me thanks
  • #133,379
  • Edited 3:03am Aug 4, 2022 2:27am | Edited 3:03am
Hello Emmanuel and everybody. Keep going studying the thread.
Trade monitor and tms Dash working. With TMS V19, i don't succeed to find a valuable setting. I know Emmanuel don't like to post settings, but if anybody can post a set file M5, H1 and H4, it should be great
  • #133,380
  • Aug 4, 2022 4:09am Aug 4, 2022 4:09am
Its 5am EST and 2AM PDT Big E' 4hr candle and trade window

EU Aug 04 H4 and H1

- if you understand these, then you will also understand why I don't post set-files for TMS_V19

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug 04 H4 and H1 2am PDT 4-8-2022 5-03-19 pm.png Size: 23 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU Aug 04 H4 PDT2am 4-8-2022 5-02-52 pm.png Size: 40 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU Aug 04 H1 at 2am PDT 4-8-2022 5-11-03 pm.png Size: 32 KB



If EVERYONE have and uses the same set-files and do not have the same trade plan, then EVERYONE will lose money and do not know why they lose money.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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