Got stopped out on AUDJPY. Wasnt at my computer this morning to exit on short signal, so i took a full 1R loss.
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- #137,463
- Jan 12, 2023 11:58am Jan 12, 2023 11:58am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #137,464
- Jan 12, 2023 12:09pm Jan 12, 2023 12:09pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{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.
Removed it from the chart based on what BigE posted in post#718
> I left it on my chart because I like to see how PA interacts with the 5ema line during the trade.
Got enough problems to trade correctly then to worry how PA interact with 5ema. - #137,465
- Jan 12, 2023 12:26pm Jan 12, 2023 12:26pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} This trade has started to move in the right direction. CPI data gave it nice helping hand. {image}
If lot size 0.01 give such a profit, how many traders became millionaires today and how many lost a live time of savings?
- #137,466
- Jan 12, 2023 4:14pm Jan 12, 2023 4:14pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} No, have not backtest EMA3 Removed it from the chart based on what BigE posted in post#718 > I left it on my chart because I like to see how PA interacts with the 5ema line during the trade.
hey @Tekkies
You still have lots of problems including mental ones. You still cannot trade after 7 long years because you suffer from #463Limitations.
When after 7 years and you still cannot read the price bars and HA candles price action in relation to its 5EMA, Typical Price, Shit+2 or +3, you have more than serious problem to become a trader.
Read this post >>>> { here }.
Therefore my conclusion about you is:
Tekkies spends too much on his TDI and Stochastics, with his M15H1 Vline crap, and now on his M15 blue and yellow lines in price
Tekkies did not spend enough time on Post#647 to learn Price Action, Support & Resistance and Market Consolidation.
Tekkies should spend more time on Money Management, Risk management for entries and exits.
Tekkies should learn to reduce his large number of BE trades, and How to Let Profits Run.
Tekkies will one day learn Post#2617 and he will realize that he can strip the TDI and Stochastics from his trading charts and he would then realize that taking trades would be a breeze and that the TDI is not in his WINNING EDGE equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,467
- Jan 12, 2023 4:22pm Jan 12, 2023 4:22pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} Took the same trade today on XAUUSD. If lot size 0.01 give such a profit, how many traders became millionaires today and how many lost a live time of savings? {image}
ZAR account billionaire ... is also good but IF you can trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,468
- Jan 12, 2023 4:30pm Jan 12, 2023 4:30pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} Took the same trade today on XAUUSD. If lot size 0.01 give such a profit, how many traders became millionaires today and how many lost a live time of savings? {image}
An example of a trade not according to TMS 5-Method trading rules.
When you do not have TMS' trading mastery and skills you rely on luck.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,469
- Jan 12, 2023 4:33pm Jan 12, 2023 4:33pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,470
- Jan 12, 2023 4:34pm Jan 12, 2023 4:34pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} No, have not backtest EMA3 Removed it from the chart based on what BigE posted in post#718 > I left it on my chart because I like to see how PA interacts with the 5ema line during the trade.
Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...
PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.
The TDI just gives me a lot more information for making my entries & exits decisions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,471
- Jan 12, 2023 4:43pm Jan 12, 2023 4:43pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #137,472
- Jan 12, 2023 5:11pm Jan 12, 2023 5:11pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,473
- Jan 12, 2023 5:15pm Jan 12, 2023 5:15pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} An example of a trade not according to TMS 5-Method trading rules. When you do not have TMS' trading mastery and skills you rely on luck. {image} ...
This is what Big E' TMS 5-Method chart is:
- the fractals is to help you see the swing highs and swing lows
see this post in this old thread { here }
below note the US CPI data release H4 candle has fractal high and low...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,474
- Edited 6:54pm Jan 12, 2023 6:41pm | Edited 6:54pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} When after 7 years and you still cannot read the price bars and HA candles price action in relation to its 5EMA, Typical Price, Shit+2 or +3, you have more than serious problem to become a trader. Read this post >>>> { here }. You are one of the new traders who cannot trade. Now start all over again ... go back to babypips.com school of pipsology as eelfranz had stated in his Post#647. <> If...
Here you clearly state that TDI is part of TMS 5-Method trading rules with a nice big fat red arrow.
> An example of a trade not according to TMS 5-Method trading rules
Say Vincent, is it dark and lonesome down there in the rabbithole you try to dig for other traders to fall into?Here you tell members to:> Buy at 6548 and 6761 and target 7068 levels
Stop posting bullshit Vincent
- #137,475
- Jan 12, 2023 6:50pm Jan 12, 2023 6:50pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} What? No mention of TDI. Here you clearly state that TDI is part of TMS 5-Method trading rules with a nice big fat red arrow. > An example of a trade not according to TMS 5-Method trading rules {image}
You are too stupid to understand TMS 5-Method by eelfranz OP of this thread.
You have not read all his posts. Start all over again from Post#1 to Post12,912. Read , study and take notes. Pay attention to Post#261.
Therefore you do not understand my post comments.
There is no need to mention TDI. The green price line is the a 2 period exponential moving average of the RSI(13) data. If you still do not know this after what you posted in 2016, then your mental condition is very serious. See post#67,395.
Read this post >>>> { here }. You are one of the new traders who cannot trade after 7 years.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #137,476
- Jan 12, 2023 7:24pm Jan 12, 2023 7:24pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Will Yellow make you happy Vincent?
> While you are looking, take a long nice look at the yellow TDI angle. > Well above 4
What now Vincent? No rules are broken.
You can flap your lips all you want Vincent, you can not change BigE's post's.
> The key to this method is the Traders Dynamic Index indicator for entries and exits.
> Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle...
> We Enter a trade when green crosses red on the TDI at the beginning of that candle...
> I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade,
> look at the TDI moves and how it looks on PA so every time you see that same set up you will know your odds for success are high.
> Wait for green to CROSS RED and open your trade at the beginning of the new candle... usually candle 1 or 2.
> A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
> A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally.
The best one is > The TDI is the heart of our method
O yes don't forget support/resistance level
> I always look to the left for a possible res/sup level being near.
Until next time, cheers.
> While you are looking, take a long nice look at the yellow TDI angle. > Well above 4
What now Vincent? No rules are broken.
You can flap your lips all you want Vincent, you can not change BigE's post's.
> The key to this method is the Traders Dynamic Index indicator for entries and exits.
> Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle...
> We Enter a trade when green crosses red on the TDI at the beginning of that candle...
> I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade,
> look at the TDI moves and how it looks on PA so every time you see that same set up you will know your odds for success are high.
> Wait for green to CROSS RED and open your trade at the beginning of the new candle... usually candle 1 or 2.
> A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
> A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally.
The best one is > The TDI is the heart of our method
O yes don't forget support/resistance level> I always look to the left for a possible res/sup level being near.
Until next time, cheers.
- #137,477
- Jan 13, 2023 12:39am Jan 13, 2023 12:39am
- Joined Jan 2013 | Status: Trader | 4,386 Posts
MA provides the market's current direction and strength.
- #137,479
- Jan 13, 2023 5:42am Jan 13, 2023 5:42am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} hi emmanuel what are you thik about news candle ? should we consider it as a normal candle in price action? when i use sma sometimes it looks like that its late yo enter trade what are you think of it? its looks like tdi shows the last candle tdi exactly when the current candle open Big E said that he trades 1H in 3 first hour of newyork opening exactly the time that news comes our?!!!is it right
Big E did not trade the H1 during major news at New York opening 3 hours.
Market reacts to certain high impact market news and economic data releases with higher then usual volatility.
Like yesterday' US CPI data, the H4 candle was a big candle high-low but that did not change the Daily and Weekly direction.
This is one reason why I developed TMS MEME and TMS EVO to trade the H4, Daily and Weekly without any fear of high impact news. Knowing the market type conditions is important when we trade the news events. In most cases, I have no problem when I trade the Market Type 1 and 2 during high impact news.
I do not trade narrow range Market Type 3.
If you want to day trade high impact news events than you can trade M15.
Yesterday' CPI candle was a big candle with fractal high-low. That is a consolidation range and the direction of the Daily and Weekly did not change.
After that big CPI candle, you can scalp M5 ... buy low and wait for a possible breakout of the high.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
