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Trading Made Simple

  • #137,441
  • Jan 11, 2023 7:07pm Jan 11, 2023 7:07pm
Quoting tassiebear
{quote} TMS MEME?
MEME = Multiple Entries Multiple Exits

before I go into explaining this and the history of TMS MEME development, please read @Tekkies Post#76,129 re-post below:

<> Feb 20, 2017
BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good.
Somewhere along the way he lost track that he is dealing here mostly with members that do not know how to trade at all.
Members that have learned from BigE and emmanuel have moved on and left this forum. Most probable successful traders in own right.
Those old members are replace by new members that do not know how to trade. Every couple of days / weeks the cycle repeat it self. So after many years the level of traders in this thread is still at the level of a new member.

The subject / topic's that emmanuel is posting now is advance forex trading.
How long did it take you to understand all the point's in post#647.

I did not even looked at ME/ME for that level of trading is above me and the little I know.

Do I enjoy those post fighting with emmanuel about keeping it BigE's way. No I do not.

Anway, yes let us discuss #647 in a way the members new to this thread can understand
<>
Today is Jan 12, 2023

Quoting Tekkies
{quote} Hi marionetka BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good. Somewhere along the way he lost track that he is dealing here mostly with members that do not know how to trade at all. Members that have learned from BigE and emmanuel have moved on and left this forum. Most probable successful traders in own right. Those old members are replace by new members that do not know how to trade. Every couple of days / weeks the cycle repeat it self. So after many years the level...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,442
  • Jan 11, 2023 7:14pm Jan 11, 2023 7:14pm
Quoting tassiebear
{quote} TMS MEME?
TMS MEME

Where did this idea Multiple Entries Multiple Exits come from?

First read and study Big E' posts.

Big E on Money Management
Post#78,902
https://www.forexfactory.com/showthr...49#post9760549

Big E on using multiple entries in his old thread where the 21/233 Method and 5-Method started:

Post#2622 , Post#2629 , Post#2771 , Post#2912 , Post#2193

putting all his posts together like pieces of a huge puzzle, I developed TMS MEME for 4H swing trading. This then evolved to Swing Trading the Daily and Weekly charts.

....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,443
  • Jan 11, 2023 7:15pm Jan 11, 2023 7:15pm
Quoting emmanuel7788
Quoting Tekkies
{quote} Yes, it does repaint on chart refresh. Not all crossover get repainted. - It happens when the green line criss/cross the red line during the time-period./quote] @Tekkies is WRONG again! The Traders Dynamic Index repaints its history regardless of the chart being refreshed or not. The repainting is not a problem because we trade the Price Action and Price Action does not repaint. The OP claimed to make money trading with his TDI#25 and I have been trading for more than 10 years and this TDI#25 is not a problem when
...
I love what VP has done to help me build a framework! I learned a lot form him, i dont trade his no-nonsense-forex way, but i get a lot of my methodology and analysis from his podcasts and youtube videos.
  • #137,444
  • Jan 11, 2023 7:28pm Jan 11, 2023 7:28pm
This trade on GBPUSD i entered on Monday morning, on Daily charts.
https://www.tradingview.com/x/Uk5S0m1b/
Strong bounce off support, and TDI signal. Daily chart has been in an uptrend since September, and on weekly chart we just printed higher high in December.
https://www.tradingview.com/x/Mj9H9m06/

H4 chart looks ready to setup for another trade in half an hour. I will be away from the computer so i wont trade this, but i will leave my daily trade running.
https://www.tradingview.com/x/sHwSOpSu/

My daily trade management approach: take partial TP at 1.23, move stop to BE.
  • #137,445
  • Jan 11, 2023 7:29pm Jan 11, 2023 7:29pm
Quoting emmanuel7788
{quote} TMS MEME Where did this idea Multiple Entries Multiple Exits come from? First read and study Big E' posts. Big E on Money Management Post#78,902 https://www.forexfactory.com/showthr...49#post9760549 Big E on using multiple entries in his old thread where the 21/233 Method and 5-Method started: Post#2622 , Post#2629...
TMS Multiple Entries Multiple Exits make more pips and money


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past performance here:

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,446
  • Jan 11, 2023 7:36pm Jan 11, 2023 7:36pm
Quoting emmanuel7788
{quote} MEME = Multiple Entries Multiple Exits before I go into explaining this and the history of TMS MEME development, please read @Tekkies Post#76,129 re-post below: <> Feb 20, 2017 BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good. Somewhere along the way he lost track that he is dealing here mostly with members that do not know how to trade at all. Members that have learned from BigE and emmanuel have moved on and left this forum. Most probable successful traders in own right....
Yes I was thinking just that the approach you use now is not really TMS but an evolution of it. you have probably seen to many charts you no longer need indicators and you trade price action as your subconscious has taken it all in and you can recognize patterns. but most of the beginners coming here will not be able to trade that.

I'm on that journey too, but I want to build a solid framework where i get alerted on potential setups and I would filter them out myself and only trade the best setups. My Tradingview alerts go to a Discord server, where i post and journal all my trades for analysis later on.
  • #137,447
  • Jan 11, 2023 7:43pm Jan 11, 2023 7:43pm
Quoting tassiebear
{quote} Yes I was thinking just that the approach you use now is not really TMS but an evolution of it. you have probably seen to many charts you no longer need indicators and you trade price action as your subconscious has taken it all in and you can recognize patterns. but most of the beginners coming here will not be able to trade that. I'm on that journey too, but I want to build a solid framework where i get alerted on potential setups and I would filter them out myself and only trade the best setups. My Tradingview alerts go to a Discord server,...
Have you tried his TMS posts #557 and #7555?

I know many here have tried and none made it to his level.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,448
  • Jan 11, 2023 7:51pm Jan 11, 2023 7:51pm
Quoting tassiebear
{quote} Yes I was thinking just that the approach you use now is not really TMS but an evolution of it. you have probably seen to many charts you no longer need indicators and you trade price action as your subconscious has taken it all in and you can recognize patterns. but most of the beginners coming here will not be able to trade that. I'm on that journey too, but I want to build a solid framework where i get alerted on potential setups and I would filter them out myself and only trade the best setups. My Tradingview alerts go to a Discord server,...
I think of indicators as crutches when you're learning to walk. do it often enough, long enough watch the price action and you will start to recognize patterns and eventually you don't need crutches anymore and you can walk without them.
  • #137,449
  • Jan 11, 2023 8:13pm Jan 11, 2023 8:13pm
Quoting tassiebear
{quote} I think of indicators as crutches when you're learning to walk. do it often enough, long enough watch the price action and you will start to recognize patterns and eventually you don't need crutches anymore and you can walk without them.
TMS with TDI as helping indicator for new 'intermediate+' level traders. #202

When one have mastered trading his 5-Method, the TDI is not necessary.

2023 is a good year for some to get rid of those learning wheels

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Big E
you can trade without the TDI

#3044 Jan 20, 2011

#3103 Jan 26, 2011

#3418 Feb 12, 2011

#2617 May 16, 2011

#296 Nov 4, 2008


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,450
  • Jan 12, 2023 12:29am Jan 12, 2023 12:29am
Quoting emmanuel7788
Quoting Tekkies
{quote} Yes, it does repaint on chart refresh. Not all crossover get repainted. - It happens when the green line criss/cross the red line during the time-period./quote] @Tekkies is WRONG again! The Traders Dynamic Index repaints its history regardless of the chart being refreshed or not. The repainting is not a problem because we trade the Price Action and Price Action does not repaint. The OP claimed to make money trading with his TDI#25 and I have been trading for more than 10 years and this TDI#25 is not a problem when
...
You brilliant Vincent.
First you post that I am too stupid to post, then you use the very same stupid Tekkies post to boost your fragile ego.

Have a nice look at a mirror and you will see that stupidity is stare right back at you.
  • #137,451
  • Jan 12, 2023 12:35am Jan 12, 2023 12:35am
Quoting tassiebear
{quote} So for me personally repainting indicator is a bit of an issue. I like to have tradingview fire off alerts when TDI does cross. Repainting indicator would send me false signals. I then look into the trade to see if it's worth taking or not from a top down analysis - first weekly, then daily, then 4 hourly. If it all aligns I will take the trade with pre-dedined risk. I also built a decision workflow with checklist and I'm working on fine-tuning it. {image}
Nice flowchart
>EMA2 must be 3.
The template in post#25 has that setting incorrect.
-----
Suggestion add
- Check for > Support / Resistance level,
- Candle formation > Dubble Top/Bottom.
  • #137,452
  • Jan 12, 2023 4:56am Jan 12, 2023 4:56am
Quoting Tekkies
{quote} Nice flowchart >EMA2 must be 3. The template in post#25 has that setting incorrect. ----- Suggestion add - Check for > Support / Resistance level, - Candle formation > Dubble Top/Bottom.
Thanks Tekkies,
Its a work in progress, once im happy with the rules I'll do a backtest. have you backtested EMA2=3 to have better results as EMA2=2 would have? Im just curious if its been done before so i dont have to do it twice.
  • #137,453
  • Jan 12, 2023 5:45am Jan 12, 2023 5:45am
Quoting tassiebear
{quote} Thanks Tekkies, Its a work in progress, once im happy with the rules I'll do a backtest. have you backtested EMA2=3 to have better results as EMA2=2 would have? Im just curious if its been done before so i dont have to do it twice.
There is no EMA2 or EMA3

It is EMA period 5, Typical Price, Shift+2 or +3

Post#3018

<>
1. 5 Method --- (Most simple strategy but works great)

Use Heiken Ashi candles
TDI Indicator set at default
Stochastics set to 8,3,3
5 ema, Shift set to 2 or 3, Typical

When PA crosses 5 ema and closes... that is the set up candle. The entry is on the 2nd candle if it's the same color. Works on all timeframes. I use 5 pip SL on the 5 minute chart. Works great short & long. Templates on pages 169, 170, 171.
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,454
  • Jan 12, 2023 5:49am Jan 12, 2023 5:49am
Quoting Tekkies
{quote}{quote} You brilliant Vincent. First you post that I am too stupid to post, then you use the very same stupid Tekkies post to boost your fragile ego. Have a nice look at a mirror and you will see that stupidity is stare right back at you.
Every time I look and check my rearview mirror I see @Tekkies' 5,000 trades losses.



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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,455
  • Jan 12, 2023 5:54am Jan 12, 2023 5:54am
Quoting Tekkies
{quote} Nice flowchart >EMA2 must be 3. The template in post#25 has that setting incorrect. ----- Suggestion add - Check for > Support / Resistance level, - Candle formation > Dubble Top/Bottom.
"Suggestion add - Check for > Support / Resistance level, - Candle formation > Dubble Top/Bottom."




@Tekkies needs to start all over again at babypips.com and learn some more basic forex stuff ... Post#647

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,456
  • Jan 12, 2023 6:04am Jan 12, 2023 6:04am
Quoting tassiebear
{quote} So for me personally repainting indicator is a bit of an issue. I like to have tradingview fire off alerts when TDI does cross. Repainting indicator would send me false signals. I then look into the trade to see if it's worth taking or not from a top down analysis - first weekly, then daily, then 4 hourly. If it all aligns I will take the trade with pre-dedined risk. I also built a decision workflow with checklist and I'm working on fine-tuning it. {image}
there is a COWABUNGA flowchart example in here:

https://www.forexfactory.com/thread/...9#post14168889

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,457
  • Edited 6:35am Jan 12, 2023 6:12am | Edited 6:35am
Quoting Tekkies
{quote} Nice flowchart >EMA2 must be 3. The template in post#25 has that setting incorrect. ----- Suggestion add - Check for > Support / Resistance level, - Candle formation > Dubble Top/Bottom.
@Tekkies

here is one of many reasons why you blew your 2020 account with that 5,000 trades losses.

You do not understand all of Big E' posts and his Post#647 basic forex stuff.

That GU BUY was the lead up to your Margin Call. You BUY when the Price Action was CONSOLIDATION breakout to the downside.
You did not see the previous price action PPA ... swing highs and swing lows... and that big candle aka Master Candle

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,458
  • Edited 6:39am Jan 12, 2023 6:14am | Edited 6:39am
Hello emmanuel7788, Can you kindly send me the posts or links that have the correct indicators? You can also PM me. I have looked through the posts and cannot figure out which indictors are the correct ones. I am trading for 10 years, but I still, need to learn. Thank you! - James
  • #137,459
  • Jan 12, 2023 8:09am Jan 12, 2023 8:09am
Quoting tassiebear
{quote} Yes I did. It hasnt moved anywhere, im 7 pips down currently. I'm thinking I'll leave the trade in for now, but close before CPI if its not moving yet. I found out that AUDUSD is correlated to S&P/Nasdaq, and both had a good few days. Trade is still above my S/R level and TDI short signal failed, both TDI and Stoch look like to be turning up. https://www.tradingview.com/x/30l9AJZ0/
This trade has started to move in the right direction. CPI data gave it nice helping hand.
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  • #137,460
  • Jan 12, 2023 8:11am Jan 12, 2023 8:11am
Quoting tassiebear
This trade on GBPUSD i entered on Monday morning, on Daily charts. https://www.tradingview.com/x/Uk5S0m1b/ Strong bounce off support, and TDI signal. Daily chart has been in an uptrend since September, and on weekly chart we just printed higher high in December. https://www.tradingview.com/x/Mj9H9m06/ H4 chart looks ready to setup for another trade in half an hour. I will be away from the computer so i wont trade this, but i will leave my daily trade running. https://www.tradingview.com/x/sHwSOpSu/ My daily trade...
Partial profit range now, will be moving stop to break even.
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