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Trading Made Simple

  • #141,301
  • Aug 1, 2023 2:39am Aug 1, 2023 2:39am
Quoting emmanuel7788
{quote} Another of my favourite trading tool is this EA TMS_V19 It is an expert advisor which checks several other technical indicators and provide all the information on the screen and i can see all the conditions at one glance and make my trading decisions. UsdChf Aug 01 H4 - I know the Weekly is sideways - I know the Daily TDIC1 is in favour of buy - I can read the slope of the Stoch slope and the TDI green line slope values For the price action on chart, I see the recent swing highs and swing lows, I see IB, nr4IB, Master Candle, BEOB and BUOB,...
UsdChf Aug01 London Open hour

- now we get a H1 buy conditions *ALL GREEN* during this active 4hr trade window

- this is H4 dynamic entry

Attached Image (click to enlarge)
Click to Enlarge Name: UChf Aug 01 H1 buy conditions 1-8-2023 3-34-15 pm.png Size: 44 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,302
  • Aug 1, 2023 2:48am Aug 1, 2023 2:48am
Aug 01 London Open hour

- JPY pairs


Attached Image (click to enlarge)
Click to Enlarge Name: YMS Monitor Aug 01 LO hour 1-8-2023 3-47-00 pm.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,303
  • Aug 1, 2023 2:52am Aug 1, 2023 2:52am
EN Aug 01 H4

- looking good ... but until the next 4hr Pacific 2AM London 10am

Attached Image (click to enlarge)
Click to Enlarge Name: EN Aug 01 H4 waiting 1-8-2023 3-49-20 pm.png Size: 29 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,304
  • Aug 1, 2023 4:05am Aug 1, 2023 4:05am
Quoting emmanuel7788
Aug 01 London Open hour - JPY pairs {image}

Aug 01 H4 Pacific 2AM 4hr trade window

- post #1 and post #261


Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug 01 Pacific 2AM 1-8-2023 5-02-12 pm.png Size: 22 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,305
  • Edited 6:14am Aug 1, 2023 5:07am | Edited 6:14am
Looking at this as a D1 setup, Mehdi Method 2. Only concern is it isn't above the MBL. While it is near resistance on the daily, the monthly shows ro0m to advance. Even the daily has 60 pips or so of room.

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  • #141,306
  • Aug 1, 2023 6:58am Aug 1, 2023 6:58am
GJ Aug 01 Trading Made Simple(r)

>>> https://www.forexfactory.com/thread/...9#post14519039

- the perfect order when one system confirms the other and another ....

@Tekkies will blow his top again
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Aug 01 TMSe perfect setup 1-8-2023 7-51-06 pm.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,307
  • Aug 1, 2023 7:09am Aug 1, 2023 7:09am
Quoting emmanuel7788
{quote} Aug 01 H4 Pacific 2AM 4hr trade window - post #1 and post #261 {image} ..
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug 01 Pacific 2AM 1-8-2023 5-02-12 pm.png Size: 22 KB



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USDCAD Aug 01 H4 TMS-II trades

- closed TP1 +10pips, TP2 +25pips

- now just wait for the market to decide the rest
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Aug01 H4 TMS-II trades TP1 and 2 1-8-2023 8-06-55 pm.png Size: 33 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,308
  • Aug 1, 2023 7:17am Aug 1, 2023 7:17am
Quoting emmanuel7788
{quote} USDCAD Aug 01 H4 TMS-II trades - closed TP1 +10pips, TP2 +25pips - now just wait for the market to decide the rest {image} ... {image}

Big E once said: " when blending two systems, when one system gives a signal and the other system confirms the same signal that is good..."

that is COWABUNGA approach

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Aug01 H4 TMS-II trades TP1 and 2 1-8-2023 8-06-55 pm.png Size: 33 KB



Attached Image (click to enlarge)
Click to Enlarge Name: UCad Aug01 TMS(r) 1-8-2023 8-13-45 pm.png Size: 46 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,309
  • Aug 1, 2023 7:27am Aug 1, 2023 7:27am
Quoting emmanuel7788
{quote} UsdChf Aug01 London Open hour - now we get a H1 buy conditions *ALL GREEN* during this active 4hr trade window - this is H4 dynamic entry {image} ...

UsdChf Aug 01 H4 TMS-II trades

- closed TP1 +10pips. TP2 +25pips

- now wait for TP3 close all @BRN 8800


Attached Image (click to enlarge)
Click to Enlarge Name: UChf Aug 01 H4 TMS-II trade TP2 1-8-2023 8-24-32 pm.png Size: 27 KB

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,310
  • Aug 1, 2023 7:36am Aug 1, 2023 7:36am
Comparing systems

Big E' TMS 5-Method
Mehdi343 Method#2
RobinHood TMS(r)#1

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug01 TMS Mehdi_2 1-8-2023 8-31-52 pm.png Size: 38 KB

Attached Image (click to enlarge)
Click to Enlarge Name: XAU AUg01 TMS(r) 1-8-2023 8-32-27 pm.png Size: 42 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,311
  • Aug 1, 2023 7:58pm Aug 1, 2023 7:58pm
Quoting emmanuel7788
{quote} UsdChf Aug 01 H4 TMS-II trades - closed TP1 +10pips. TP2 +25pips - now wait for TP3 close all @BRN 8800 {image} ...

UsdChf Aug01 TMS-II trades closed

- did not make TP3 to the BRN 8800

- bad news for USD rating AA+

Attached Image (click to enlarge)
Click to Enlarge Name: UChf Aug01 TMS-II trades closed CP 2-8-2023 8-48-58 am.png Size: 28 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,312
  • Aug 1, 2023 8:01pm Aug 1, 2023 8:01pm
Quoting emmanuel7788
{quote} Big E once said: " when blending two systems, when one system gives a signal and the other system confirms the same signal that is good..." that is COWABUNGA approach {image} {image} ...

UsdCad Aug 01 TMS-II trades closed

- could only manage TP1+10pips, TP2 +25 pips

- TP3 exit by CSTSL + 20pips


Attached Image (click to enlarge)
Click to Enlarge Name: UCad Aug01 TMS-II trades closed CSTSL 2-8-2023 8-50-14 am.png Size: 31 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,313
  • Aug 1, 2023 8:05pm Aug 1, 2023 8:05pm
Quoting emmanuel7788
{quote} Aug 01 H4 Pacific 2AM 4hr trade window - post #1 and post #261 {image} ...

EurUsd Aug01 TMS-II trades closed

- weak conditions for sell but manageable with TMS-II tight stop exits

- TP1 +10pips

- exit +2pips when price pulled back Big E' post #557 "Capital Protection"

- note the Weekly big candle still in play


Attached Image (click to enlarge)
Click to Enlarge Name: EU Aug01 TMS-II trades closed 2-8-2023 8-48-25 am.png Size: 30 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,314
  • Aug 1, 2023 8:13pm Aug 1, 2023 8:13pm
Quoting emmanuel7788
this week's calendar ... AUD, GBP and USD pairs in play {image} ...

Trading the news, wait for the RBA rate statement then take the next 4hr candle

AudUsd Aug01 TMS trade

- one entry one exit +61pips

- just below the Weekly big candle low after breaking previous Week' Low ..

- weekly decide the direction after the RBA rate disappoints the market speculators.


Attached Image (click to enlarge)
Click to Enlarge Name: AU Aug 01 TMS trade closed post-RBA 2-8-2023 8-47-41 am.png Size: 29 KB




Attached Image (click to enlarge)
Click to Enlarge Name: RBA rate disappoints 2-8-2023 9-12-44 am.png Size: 8 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,315
  • Edited 8:55pm Aug 1, 2023 8:34pm | Edited 8:55pm
PM Q&A:
I got this PM over the weekend:

" Does one need to spend 10,000 hours to learn and master trading TMS ".

The member was referring to my old post below:

>>> Simple answer is NO.
Let's take the OP as the example, he had 10 years trading experience trading the US stock markets. Yet it took him 6,000 hours to learn forex and develop his systems.
However, if you have completed some basic forex trading course like in post#647 at babypips.com and you continue to spend 3 to 5 hours every day for 2 to 3 years, you will do good on your own and you will have a very good chance to make it.
It is about what you do in that 10,000 hours of your trading journey. It is a learning journey and if you stop learning after reading only Big E' posts in this thread then you will not make it to become a profitable trader.

#55,932

#69,466


#65,761 below

[quote=emmanuel7788;8752491]{quote} hi pete, perhaps I did not write clearly and some people got my message the wrong way. I did not mean you should not read those pdfs. There are lots of other pdfs too. The pdf on Big E posts and comments are far more important. we must first appreciate that there are members who spent time and effort in putting together summary of other members posts into pdf files to help others in this thread. we should value their contributions and be grateful that they did their part in contribution to this learning community. What is more important is we "practice, practice , practice" ... these are the exact word of Big E Post#2151. Follow what Big E shared here in FF. The same I repeated many times in this thread, also in X-Man H1 thread and LE1' M15 thread. I also emphasize that wee need to do Deep Practice and that 10,000 hours of practice. Daniel Colye "The Talent Code". Not everyone believe in this 10,000 Hours Rule. Some can do it in fewer hours, some need more than 10,000 hours. I am one who achieved that 10,000 hours over 5 years. Just google '10,000 hours' , 'The Talent Code', 'Daniel Coyle', etc. and you will find some good reading material. Also if you search this thread, you will also find some previous posts. trading is a skill based activity. spot forex trading it is very tough business. we can learn from some very good people and traders here in FF. read this recent post by pipsninja. http://www.forexfactory.com/showthre...40#post8751640 look at his recent trade account equity and you can see he is a disciplined trader. kind regards,[quote]
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,316
  • Aug 1, 2023 8:41pm Aug 1, 2023 8:41pm
Rest of this week :

How will the market respond to this?

https://www.forexfactory.com/news/12...erm-ratings-to

Keep It Simple : I control Risks and Always trade with Stop Loss 'R' and do my trade Position Size...

#281 make the transition to trade the 4hr and the Daily

Follow One, Two and Three <click and read and take notes

and you will see your own results in 100, 200 , 300 and ...1,000 trades.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,317
  • Edited 3:06am Aug 2, 2023 2:55am | Edited 3:06am
Quoting Tekkies
I love TDI, the holy grail. {image}
Double top though. So a sell (at least for me anyway) with or without the TDI.

The benefit of the TDI (being RSI based) for me, is the range shift though (not lines crossing other lines). So above 50 bullish bias. below 50 bearish bias and also maybe divergences. And thats to put it simply. Whole books and teaching courses have been built around RSI and its nuances. But for me its a secondary indicator. A comfort blanket sort of. Price action and actual structure (support/resistance, tops becoming bottoms and vise versa) more important.
  • #141,318
  • Aug 2, 2023 3:51am Aug 2, 2023 3:51am
Quoting emmanuel7788
EN Aug 01 H4 - looking good ... but until the next 4hr Pacific 2AM London 10am {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EN Aug 01 H4 waiting 1-8-2023 3-49-20 pm.png Size: 29 KB



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EurNzd Aug01 TMS-II trades closed

- exits TP1 +10pips, TP2 +25pips

- last remaining position +89pips near BRN17900

Overall Aug01 was a good trading day with all trades closed positive

and according to Big E post #7555 '$500 to $1000 per evening'

do not put all eggs in one basket ... divide your money risk and trade multiple pairs ...

Attached Image (click to enlarge)
Click to Enlarge Name: TMS-II Aug 01 Day One 2-8-2023 7-48-29 am.png Size: 53 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,319
  • Aug 2, 2023 3:57am Aug 2, 2023 3:57am
Quoting emmanuel7788
{quote} Trading the news, wait for the RBA rate statement then take the next 4hr candle AudUsd Aug01 TMS trade - one entry one exit +61pips - just below the Weekly big candle low after breaking previous Week' Low .. - weekly decide the direction after the RBA rate disappoints the market speculators. {image} {image} ...

AU Aug 02 H4 TMS-II trade update

- today trade break of the Weekly candle low ...continuation

- exits TP1+10pips TP2 +25pips...


Attached Image (click to enlarge)
Click to Enlarge Name: AU Aug02 TMS-II trade update TP1 2-8-2023 4-53-19 pm.png Size: 31 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,320
  • Aug 2, 2023 4:00am Aug 2, 2023 4:00am
AJ Aug 02 H4 TMS-II trades

- simple trade decision follow the 4hr price action and the ATR volatility

- exits TP1 +10pips, TP2 +25pips and TP3 +50pips

- now wait for the market to decide the final exit


Attached Image (click to enlarge)
Click to Enlarge Name: Aj Aug 02 H4 TMS-II trades update TP3 2-8-2023 4-53-52 pm.png Size: 32 KB



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