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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #141,921
  • Aug 21, 2023 7:09pm Aug 21, 2023 7:09pm
TMS Monitor Aug 22 UJ M15

- an example at Tokyo Open 9am

> when trading M15, check your H1 and H4 TMS 5-Method conditions #261

> make sure all timeframes are align for your buy

>>> Do Not follow the Recommendation blindly as they are coded by the member @arbinka based on his preferences and he did not use the Stoch(8,3,3)



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,922
  • Aug 21, 2023 7:16pm Aug 21, 2023 7:16pm
Quoting emmanuel7788
{quote} UJ Aug 22 H1 Update: - did not quite make it as there is a significant swing high seen on our chart, - today should attempt with buy as the Weekly market type conditions are favourable {image} ... {image}

UJ Aug21 TMS-II trades closed

- a good day with all winners following the H4 price action only

- and the Daily and Weekly trends

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug21 TMS-II trades closed 22-8-2023 7-58-45 am.png Size: 24 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,923
  • Edited 7:41pm Aug 21, 2023 7:27pm | Edited 7:41pm
Reply to PMS Q&As:

A lot of PMs recent weeks and many have similar problems which is they do not get TMS trade alerts.

TMS_V19 EA

- when using the EA for setup conditions alerts,

- you must know your own trading preferences

- and set those preferences correctly in the EA

For example these settings below, you are unlikely to get any Buy setup alerts,

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug22 TMS_19 Tokyo 9am 22-8-2023 8-02-14 am.png Size: 39 KB



> the 2 higher timeframe conditions check is the Trend 2/8 and the TDiC1

> the Stoch (8,3,3) is way above the 80-lvl

>>> one member in his Telegram group had a suggestion

>>> i.e. be 'less strict' with your TMS setup conditions and 'less is more', validate on your trading chart the price action setups according to basic setups in #261




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,924
  • Aug 21, 2023 7:43pm Aug 21, 2023 7:43pm
Quoting eelfranz
Alright all you party animals trying to recover from last night... or longer... Last couple of pages has covered many different topics... well, touched base anyway.... 2scoops... on post 2594... 2scoops asked me a long time ago what would be 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...
#2617 above




<>
what would be 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? Read above...
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,925
  • Aug 21, 2023 7:55pm Aug 21, 2023 7:55pm
Quoting emmanuel7788
{quote} UJ Aug21 TMS-II trades closed - a good day with all winners following the H4 price action only - and the Daily and Weekly trends {image} ...

UJ Aug 22 H4 at Tokyo Open

- study and take notes,

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug22 H4 TOK open TMS Monitor status 22-8-2023 8-52-14 am.png Size: 47 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,926
  • Aug 21, 2023 8:08pm Aug 21, 2023 8:08pm
Quoting emmanuel7788
{quote} UJ Aug 22 H4 at Tokyo Open - study and take notes, {image}
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Click to Enlarge Name: UJ Aug22 H4 TOK open TMS Monitor status 22-8-2023 8-52-14 am.png Size: 47 KB



...

UJ Aug 22 H4 update when prev H4 candle Closed, new H4 candle Opens..

- TDI' RSI green line shows '0' ... '0'

> that means no momentum from last candles closed ...

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug 22 H4 PA flat no momentum 22-8-2023 9-03-18 am.png Size: 45 KB


>>> you need to learn and read your candles and what the Price Action is telling you,

>>> then only you will be able to trade without any TDI #2617,

>>> there is no short-cut to higher success,

>> you need to spend two years doing exactly what the OP did.





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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,927
  • Aug 21, 2023 8:14pm Aug 21, 2023 8:14pm
off topic:

The recent Maui fires were just devastating, destroyed everything in its path and thousands of homes...

but this house left standing ... why ?


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,928
  • Aug 21, 2023 8:21pm Aug 21, 2023 8:21pm
Quoting emmanuel7788
Reply to PMS Q&As: A lot of PMs recent weeks and many have similar problems which is they do not get TMS trade alerts. TMS_V19 EA - when using the EA for setup conditions alerts, - you must know your own trading preferences - and set those preferences correctly in the EA For example these settings below, you are unlikely to get any Buy setup alerts, {image} > the 2 higher timeframe conditions check is the Trend 2/8 and the TDiC1 > the Stoch (8,3,3) is way above the 80-lvl >>> one member in his Telegram group had a suggestion >>>...
So where do we find this TMS_V19 EA?
From tiny pips mighty oaks grow
  • #141,929
  • Aug 22, 2023 12:36am Aug 22, 2023 12:36am
Quoting Boo15
{quote} So where do we find this TMS_V19 EA?

The short-long story started in April 2020 when the Covid-19 hit us and the lockdown started .. in 3 years many would have learn how to use this TMS_V19 EA to help them learn TMS 5-Method and become better traders.

But many missed the opportunity but it not too late as many will get their trading re-started now.
You need to spend 3 to 5 hours every day for the next 2 to 3 years and you will have a chance to succeed.

Here is the link back to April 2020.
#102,319
https://www.forexfactory.com/thread/...9#post12857199


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,930
  • Aug 22, 2023 12:40am Aug 22, 2023 12:40am
Quoting emmanuel7788
{quote} TMS_V19 EA Features and Setting - if you want to use this trendline break alert, - these are the setting in your TMS_V19 EA {image} > today we have the Inside Bar/Mother Bar breakout example > note the Weekly Trend 2/8 is sideways *

GU Aug 22 H4

- Inside Bar /Mother Bar TK breakout

waiting the 6PM candle to close,

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Click to Enlarge Name: GU Aug 22 H4 MBIB breaking 22-8-2023 12-14-45 pm.png Size: 38 KB


H4 close , 10PM open ...Alert!

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,931
  • Aug 22, 2023 12:45am Aug 22, 2023 12:45am
Quoting emmanuel7788
{quote} UJ Aug 22 H1 Update: - did not quite make it as there is a significant swing high seen on our chart, - today should attempt with buy as the Weekly market type conditions are favourable {image} ...

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug21 H1 ADR Pro update 22-8-2023 7-46-47 am.png Size: 28 KB


{image}

UJ Aug22 H1 update:

- that swing high re-tested and we have a double top chart pattern

- some traders would trade that 4hr 10PM sell but not me

- I don't see a potential for a +5R sell trade.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug22 H1 double top PST 10PM 22-8-2023 1-22-11 pm.png Size: 32 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,932
  • Aug 22, 2023 1:24am Aug 22, 2023 1:24am
A little clumsy start for the first week. Some profits some losses, still fine tuning and looking for synergies with existing strategies.

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my whipsaw expertise is high...
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yay!
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Yep I took the short
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  • #141,933
  • Aug 22, 2023 2:03am Aug 22, 2023 2:03am
Quoting eelfranz
...2scoops asked me a long time ago what would be 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...

#2617 Example:

UJ Aug 22 H1 FO is BEEOB setup

- you do not need TDI signal for these type of PA setups...

Attached Image (click to enlarge)
Click to Enlarge Name: IJ Aug 22 h1 FO BEEOB 22-8-2023 3-00-30 pm.png Size: 36 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,934
  • Aug 22, 2023 2:31am Aug 22, 2023 2:31am
TMS Monitor Aug 22 H1 London Open

- the Frankfurt Open 1hr candles provides the 'setups with momentum',...

- too many signals BUT you can only trade when you have done your trade plans

- and know your 5-Method well and have mastered trading Price Action + Support&Resistance

- know your basic forex stuff mention in post #647

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug 22 H1 London Open 22-8-2023 3-26-19 pm.png Size: 18 KB


Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last...
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...

If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,935
  • Edited 5:11am Aug 22, 2023 4:33am | Edited 5:11am
Real trades real money (though not much), only way to learn is doing.

UJ is doing well so far and Jpy cpi may help.
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Not to sure about this one, though momentum seems ok and previous short was a small profit.
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Another jpy, could pickup momentum once US session starts, or shoot up...who knows.

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SP500 against main trend, high risk of failure hopefully some reward. Indexes behave a little different.
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I'm also expecting a bump up on AUD for other reasons.
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And why not give copper a go as well
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  • #141,936
  • Aug 22, 2023 8:03am Aug 22, 2023 8:03am
TMS Monitor Aug 22 H4 New York 9am

- do you scalp?

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug 22 H4 NY 9AM 22-8-2023 9-00-43 pm.png Size: 19 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,937
  • Aug 22, 2023 9:16am Aug 22, 2023 9:16am
Here is a EU 30M trade that I exited too early. I followed BigE exit rule
"TDI start to hook over" post #123 . I moved stop loss to break even when TDI hook over. The price
hit stop loss and continued. Because of this I missed out at least 3R profit.
I think some of the TMS exit rules are too strict so I will consider other methods before I move stop loss to break even.

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  • #141,938
  • Aug 22, 2023 9:20am Aug 22, 2023 9:20am
This method def has good aspects.
UJ TDI turned up on the 4H and was on the second blue candle on 2H so I exited the trade at a 2 pip loss.
The first entry was on a longer time frame, then I thought "bugger that I'm getting out and use 4H".
For a whipsaw looking chart that's quit a good result imo.
And the 1st trade should've been a profit had I been using this system at the time.
So far this liking this, just gotta tidy up some entry filters.
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Also short EJ as well which is doing a little better. Lately there's been divergence between the jpy pairs.
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I did download the TMS monitor and had a look on MT4, but it just seems awkward at first try and I'm comfortable looking at charts.
  • #141,939
  • Aug 22, 2023 9:32am Aug 22, 2023 9:32am
Quoting kirinda
Here is a EU 30M trade that I exited too early. I followed BigE exit rule "TDI start to hook over" post #123 . I moved stop loss to break even when TDI hook over. The price hit stop loss and continued. Because of this I missed out at least 3R profit. I think some of the TMS exit rules are too strict so I will consider other methods before I move stop loss to break even. {image}
I don't see exit until candle 8 when TDI goes flat on close.
  • #141,940
  • Aug 22, 2023 9:39am Aug 22, 2023 9:39am
Took a EU 4H trade. Will only scalp this trade by taking a TMS TDI hook up exit:
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Eod