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Trading Made Simple

  • #142,001
  • Aug 25, 2023 8:26pm Aug 25, 2023 8:26pm
Quoting emmanuel7788
{quote} Friday Aug 25, London 10am , New York 5am - you may be tempted by a few H1 signals {image} AU H1 is tempting me ... {image} ...

AU Aug 25 TMS_II scalping

> no matter how tempting the BUEOB candle was the next 4hr is US news/data

> better switch to scalping mode

> and follow the Daily BEEOB candle price action and pick a direction with good PA and S&R reading

Attached Image (click to enlarge)
Click to Enlarge Name: AU AUg25 TMS-II H1 trade news 26-8-2023 9-22-12 am.png Size: 26 KB



> entry seen here on M5,
> after the first spike 'knee jerk' reaction to US data, then follows with two lower high candles,
> same setup, swing high reversal and when HA candle closes below 5EMA

Attached Image (click to enlarge)
Click to Enlarge Name: AU AUg25 H1 M5 news trade 26-8-2023 9-06-58 am.png Size: 23 KB



...



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,002
  • Aug 25, 2023 8:33pm Aug 25, 2023 8:33pm
Quoting emmanuel7788
{quote} GU Aug 25 TMS-II trade closed - Daily closed bearish - first H4 of the day closed bearish - H1 entry when the next H4 opens - TMS-II exits ... TP1 +10pips, TP2 +25pips and stopped out with CSTSL +2pips > done for Tokyo session. {image} ...

GU Aug25 TMS-II scalping the news

- same follow the Daily BEEB candle price action and pick a direction with good PA and S&R reading

- better timed the entry on M5

Attached Image (click to enlarge)
Click to Enlarge Name: Gu Aug 25 H1 news trade 26-8-2023 9-07-26 am.png Size: 24 KB


M5 entry

> first wait for the news spike, wait for the fractal high,

> same swing high with lower highs on the side the the fractal high,

> then comes the 5-Method setup for entry,

> quick +25pips and BE+2 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU Aug25 news trade M5 entry 26-8-2023 9-09-26 am.png Size: 22 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,003
  • Aug 25, 2023 8:48pm Aug 25, 2023 8:48pm
Quoting emmanuel7788
{quote} {quote} UJ Aug 25 UPDATE Friday Aug 25, : - waiting for this week to Close at New York 5PM then update WTDA - IF we have a new WCC or the previous week' candle still has the 'control' . {image} ....

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug25 update V19 H4 w Weekly 25-8-2023 8-23-47 am.png Size: 51 KB



{image}

UJ Aug25 New York Closed 5pm UPDATE:

- Weekly chart ... that previous week' still has the 'control' as this week's did not close above it high,

- next week Market Type remain Type-II to the upside with Trend 2/8 bullish

- plan and prepare for possible breakout to MN levels but be careful with USD news and data,

> MN level 148.75

Attached Image (click to enlarge)
Click to Enlarge Name: UJ AUG25 NYClose update 26-8-2023 9-41-00 am.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,004
  • Aug 25, 2023 10:21pm Aug 25, 2023 10:21pm
Quoting emmanuel7788
{quote} Mount Fuji looks beautiful from the ground up especially when you are sailing on Lake Ashi {image} ..
It is good to visit Mt Fuji area in winter. The Kawaguchiko (Fuji 5-lake region) is good place to go.

https://www.forexfactory.com/thread/...4#post14294574
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Profit from trading TMS and weakness of JPY, I am travelling to Japan about every 2 months. Nagano and Nagoya in Oct, Kyutsu for new year.

trade well.

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  • #142,005
  • Aug 25, 2023 11:12pm Aug 25, 2023 11:12pm
Quoting tommydoginti
{quote} TDI is not trading blindly every signals, so it is useless to have indicators giving false signals or recommendations for every TDI cross/bounces. Waste of time One of the basic steps to have TDI signals only in the direction of trend (determined by #647 price actions) For some charting platforms, such as TradingViev and some brokers’ own platforms, traders can setup indicators of TDI green and red lines on chart. In the alert setting, traders can choose to be notified ONLY for TDI cross up, or cross down. Additionally price level alert...
I got asked about how to save time with alerts.

First, follow the basic rules of BigE’s TMS method.
TDI and Price Action of #647

Here is how I trade TMS. I let the market does its things until it is in my plan (alert)
So I spend very little time to check chart. With alert I can do work/leisure without worrying missing the opportunities.

1. Previous Highs and Lows. (Price level)
2. Trend
3. TDI cross

To begin, trader can set Price level alert. Then determining the trend and set a TDI cross up or down alert.

One way to do is to code your price actions rules and TDI into a single tool.
I key in the price levels, the tool determines #647 trend and TDI crosses. When all requirements are met, it will give alerts.

for example, GU H1 had 3 TMS setups.

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  • #142,006
  • Aug 26, 2023 4:09am Aug 26, 2023 4:09am
An interesting chart taken from years back 2011,

only very few understands this and can benefit from the few golden nuggets.

Attached Image (click to enlarge)
Click to Enlarge Name: Expert ToolBox chart#2628 seller9.png Size: 486 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,007
  • Aug 26, 2023 7:39am Aug 26, 2023 7:39am
Quoting emmanuel7788
An interesting chart taken from years back 2011, only very few understands this and can benefit from the few golden nuggets. {image} ...

GU H4 Aug21 to 25 review POMO

- this week it was sideways narrow range market

- we have a H4 breakout when NY Close Aug 25

> next week, we have a new weekly high-low range

H4 TMS V_19

> how many 4hr 10PM and 2AM trades were there?

> broker 0800 is Pacific 10PM ...

Attached Image (click to enlarge)
Click to Enlarge Name: GU AUg 25 NYClosed H4 V19 26-8-2023 8-33-10 pm.png Size: 52 KB



Weekly

- new WCC

Attached Image (click to enlarge)
Click to Enlarge Name: GU AUG25 NYClose review 26-8-2023 8-22-10 pm.png Size: 48 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,008
  • Aug 26, 2023 10:25am Aug 26, 2023 10:25am
Hi Everyone,
What happens should I do in this case? green crosses red. But I didn't have profit (it took some SL)
Should I wait for it to break the sideway?
Thanks
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  • #142,009
  • Aug 26, 2023 12:34pm Aug 26, 2023 12:34pm
Quoting emmanuel7788
{quote} UJ Aug25 New York Closed 5pm UPDATE: - Weekly chart ... that previous week' still has the 'control' as this week's did not close above it high, - next week Market Type remain Type-II to the upside with Trend 2/8 bullish - plan and prepare for possible breakout to MN levels but be careful with USD news and data, > MN level 148.75 {image} {image}
Will be looking for info this week-end on WCC meanwhile studying MCC. I found one but likely will not satisfy trade requirements laid out in Forex Bunker Master Candle e-book

Thank you for explanation on WCC

Trend 2/8 bullish -confused as to meaning of that

for future I will focus only on UJ until I "figure it out" and study more
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  • #142,010
  • Aug 26, 2023 12:57pm Aug 26, 2023 12:57pm
Quoting emmanuel7788
An interesting chart taken from years back 2011, only very few understands this and can benefit from the few golden nuggets. {image} ...
It's a great chart. But one can only take advantage of this masterpiece if it is amended with entry level, initial SL, trade management and Exit (rules).
Same with your chart of sideway. If we look in the rear mirror it's very easy to identifiy a sideway. The art of trading is more to identify potential sideways in advance or to react/manage if they happen unexpected.
Kind regards
Haendlerin
Never give up!!
  • #142,011
  • Aug 26, 2023 9:07pm Aug 26, 2023 9:07pm
Quoting Haendlerin
{quote} It's a great chart. But one can only take advantage of this masterpiece if it is amended with entry level, initial SL, trade management and Exit (rules). Same with your chart of sideway. If we look in the rear mirror it's very easy to identifiy a sideway. The art of trading is more to identify potential sideways in advance or to react/manage if they happen unexpected. Kind regards Haendlerin

No surprise who is that clown who like your post.
We know what trigger those brain cells all the time... we know what he is thinking all the time.

Attached Image (click to enlarge)
Click to Enlarge Name: Haendlerin #142,010 Tekkies bozo 27-8-2023 10-00-53 am.png Size: 37 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,012
  • Aug 26, 2023 9:26pm Aug 26, 2023 9:26pm
Quoting Haendlerin
{quote} It's a great chart. But one can only take advantage of this masterpiece if it is amended with entry level, initial SL, trade management and Exit (rules). Same with your chart of sideway. If we look in the rear mirror it's very easy to identifiy a sideway. The art of trading is more to identify potential sideways in advance or to react/manage if they happen unexpected. Kind regards Haendlerin
Big E said many times: study old charts, that is looking in the rear-view mirror and see the past.

What do we learn when we study old charts:
- most traders would look at the indicators for signals
- very few would study the chart price and price action which creates the indicator signals > #3689

Let's study that chart again and start at the far left, ... that week#1.
During that period in 2011, there was a small group of traders discussing the developments of TMS_V__EA and testing each new versions as the member @seller9 was making the coding changes.
What we learned back then were a few experienced TMS traders make a few good suggestions which were then added to the EA development and tested them.

On the chart posted, the first thing I noted was the Candle Pattern#2 in week#2.

What was not mentioned in that post and chart was Week#1 market conditions. Just by looking in the rear-view mirror, can see see what the market conditions were?
On a H4 chart, if the market is trending , the H4 would not be making several swing lows and swing highs, at most we should see only a swing low, swing high, then a lower swing low ... and the number of HA candle between each swing.
Therefore, when we start trading in Week#2, we know the market conditions in Week#1.

Candle Pattern#2 CP#2 is one of three(3) Candle Patterns that were discussed and coded in the TMS_V19 EA.
If we study old charts, we will see that CP#2 has quite high win rate when the market is not sideways narrow range.
We have to be very selective when we see CP#2 in real-time live market and based on our experience and make a discretionary trade decision then.

Note that the CP#2 in Week#2 is also a 5bar swing high True REVERSAL setup.
Study that CP#2 in Week#2 carefully and when we see such Price Action in future, we should have the confidence to take a trade..


Attached Image (click to enlarge)
Click to Enlarge Name: Expert ToolBox chart#2628 seller9 add comments weeks.png Size: 484 KB



more /-
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,013
  • Aug 26, 2023 9:48pm Aug 26, 2023 9:48pm
Quoting emmanuel7788
{quote} Big E said many times: study old charts, that is looking in the rear-view mirror and see the past. What do we learn when we study old charts: - most traders would look at the indicators for signals - very few would study the chart price and price action which creates the indicator signals > #3689 Let's study that chart again and start at the far left, ... that week#1. During that period in 2011, there was a small group of traders discussing the developments of TMS_V__EA...
back after holiday from ff and cant believe this thread is still going. coool

here's what i learned. people make a big deal outta hindsight but never think to see that a chart is playing forward then playing back again what it did b4. when i saw this i knew petercaleb was right when he said to observe first then look at couple a times at the chart. my brain was looking for something and wouldnt stop til it found something. i said cool. now i see that there is no hindsight. once i scrolled the chart bacwards and tried pretending to placing trades that way i knew weve all been fooled this entire time. hindsight for us is past doing it again but the past is more forward and backwards movement. if you don't use a juxtaposition and context, to see money as an organism, then theres no real way to determine whats gonna happen we can guess or predict but eventually were gonna be wrong. same for indies. so charts dont and cant show market conditions coz it has to come from somewhere and its not comin from a chart alone. this much i know.

cool and hope all are good
I believe simple is best
  • #142,014
  • Aug 26, 2023 9:52pm Aug 26, 2023 9:52pm
Quoting nhockanthi
Hi Everyone, What happens should I do in this case? green crosses red. But I didn't have profit (it took some SL) Should I wait for it to break the sideway? Thanks {image}

@nhockanthi

You did not follow TMS basic setup rules in post #261.

Remember the TDI is your helping indicator in addition to the Stoch(8,3,3). Both must confirm the Price Action and the MOMENTUM of the setup S/U candle.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,015
  • Aug 27, 2023 2:17am Aug 27, 2023 2:17am
Quoting emmanuel7788
{quote} @nhockanthi You did not follow TMS basic setup rules in post #261. Remember the TDI is your helping indicator in addition to the Stoch(8,3,3). Both must confirm the Price Action and the MOMENTUM of the setup S/U candle. {image} {image} ...
Thank you so much, I will follow it. I just started this post 3 days ago. I just finished post #150. I think I should finish over 100,000 posts.
  • #142,016
  • Aug 27, 2023 2:47am Aug 27, 2023 2:47am
Quoting nhockanthi
{quote} Thank you so much, I will follow it. I just started this post 3 days ago. I just finished post #150. I think I should finish over 100,000 posts.

@nhockanthi

It will take you very long time to read 100,000 posts.

Just start at Post #1 and up post #12,912, that is all you need to get started and follow the trading journey of the OP aka Big E.

Learn EVERYTHING there first and master trading the 5-Method.

How much time do you need?
I think about 76 hours would be minimum.
But I took more then 800 hours because I read, re-read several times ... more than 10 times in the past 12 years. Each time re-read I learn something which I missed the last time. Even today, when I re-read some of his posts, I still see something new in today' market conditions.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E FF profile May01.png Size: 79 KB


You can also take a short detour here at post #141,381for an Introduction ...
https://www.forexfactory.com/thread/...4#post14525964



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,017
  • Aug 27, 2023 3:01am Aug 27, 2023 3:01am
Quoting kenergy1
{quote} Will be looking for info this week-end on WCC meanwhile studying MCC. I found one but likely will not satisfy trade requirements laid out in Forex Bunker Master Candle e-book Thank you for explanation on WCC Trend 2/8 bullish -confused as to meaning of that for future I will focus only on UJ until I "figure it out" and study more {image}

WCC Weekly Control Candle is from member @Strat thread:
https://www.forexfactory.com/thread/...s-free-trading

I use the WCC for my Weekly Top Down Analysis WTDA to help me look at the Big Picture and prepare my trade plans.

The Trend 2/8 was added by other members when we tested the TMS_MTF EA during its development phase in 2010 and 2011. It was taken from another system by @naningbob. I find that rather conservative and I use weekly chart PA to validate the market type conditions.

Trend 2/8 is explained in the TMS_MTF_EA User Manual.
Dowload link here:
https://www.forexfactory.com/thread/...6#post12871196

see this post for some more information.

https://www.forexfactory.com/thread/...8#post12874078

UJ Aug25 New York Close 5pm

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug25 NYClose Trend 2-8 explaination 27-8-2023 3-08-01 pm.png Size: 55 KB



Another version is to use the old 'yellow brick road' PAC which the OP removed.

TMS_V19 with PAC as 'trend'

Attached Image (click to enlarge)
Click to Enlarge Name: UJ AUG25 NYClose Trend PAC 27-8-2023 3-35-22 pm.png Size: 50 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,018
  • Aug 27, 2023 5:20am Aug 27, 2023 5:20am
Quoting emmanuel7788
{quote} @nhockanthi It will take you very long time to read 100,000 posts. Just start at Post #1 and up post #12,912, that is all you need to get started and follow the trading journey of the OP aka Big E. Learn EVERYTHING there first and master trading the 5-Method. How much time do you need? I think about 76 hours would be minimum. But I took more then 800 hours because I read, re-read several times ... more than 10 times in the past 12 years. Each time re-read I learn something which I missed the last time. Even today, when I re-read some of...
I really appreciate your reply. Thank you so so much. I hope in the future, I can say to you "I totally got it".
  • #142,019
  • Aug 27, 2023 7:09pm Aug 27, 2023 7:09pm
Quoting eelfranz
Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....

Reply to PM:
. someone with a 10-hour fulltime day job and wanting to resume trading after long break but cannot trade during the London session.
. was trading for more than 10 years but no success
. wants to trade for additional income to supplement his full time day job


The OP' advice is in his post above.
- Trade the Daily timeframe

> You have to look at more pairs for more trade opportunities

> take the time and learn the 5-Method.

> must make the effort to check daily when the New York open

TMS Monitor Aug 28 Daily

- only one 'signal' from last Friday' NYClose

* note the current TDI is flat '0' as I just started my platform.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug28 D1 SYDopen 28-8-2023 7-37-53 am.png Size: 18 KB




TMS_V19 GBPSGD Daily

Attached Image (click to enlarge)
Click to Enlarge Name: GSgd Aug28 Daily SYD Open 28-8-2023 7-39-39 am.png Size: 42 KB


* note the @TMSWatchDog is set to real-time mode therefor the last bar update on every price tick.
> you will need to check the price action and the momentum of this current D1 bar/ HA candle.



.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,020
  • Aug 27, 2023 7:27pm Aug 27, 2023 7:27pm
Quoting emmanuel7788
{quote} Reply to PM: . someone with a 10-hour fulltime day job and wanting to resume trading after long break but cannot trade during the London session. . was trading for more than 10 years but no success . wants to trade for additional income to supplement his full time day job The OP' advice is in his post above. - Trade the Daily timeframe > You have to look at more pairs for more trade opportunities > take the time and learn the 5-Method. > must make the effort to check daily when the New York open TMS Monitor Aug 28 Daily - only one 'signal'...

Trading the Daily, you have other option to consider.

Mehdi343 Method_1
https://www.forexfactory.com/thread/...ree-tdi-system

> Stoch(14,3,3) must show strong trend and below 20-level

> if you are concern with the Stoch in oversold 20-level, then check your Weekly chart

> your concern should be the PPA on Daily.... yellow box

> and the market events this week affecting GBP ... SGD is strong!


Attached Image (click to enlarge)
Click to Enlarge Name: GSgd Aug28 Daily 28-8-2023 8-20-17 am.png Size: 31 KB




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