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Trading Made Simple

  • #142,181
  • Aug 31, 2023 9:32pm Aug 31, 2023 9:32pm
Quoting Tekkies
{quote} Now please provide member here those posts # and links to those posts. >> One more Post 138,730 {image} Your most recent post have 8 of them. Did you photo-shop that chart as well Vincent?? Post 142,121 {image} How about you explain that little red line {image} Don't forget the one right at the bottom of the chart {image}>> Can you spot the other 2...

@Tekkies

I see you are not familiar with MT4 trade accounting system and how THV CaveManager manages TMS-II EA trades.

OK. Lets start with this most recent one this week:

UJ TMS-II trades:

- for MT4 trades statistics, every close order will show with the entry, SL and TP markers red and blue in the same vertical date&timeline
- if an initial entry has several partial exits, then every partial exit will also show on the chart with an entry, SL and TP.
- if a TMS-II has maximum 4 exits, you see the same 4 entries arrows, 4 SL marker, and 4 exits arrow, all connected with dotted lines Entry arrow to Exit arrow.

#142,121
https://www.forexfactory.com/thread/...6#post14556356


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,182
  • Aug 31, 2023 9:36pm Aug 31, 2023 9:36pm
UJ Sep 01, 2023 H4

- a new month but the Weekly has not close yet.

- no trading for me today

- just following the rhythm of the market and prepare for next week to start the next 20-trading-days-cycle 20TDC

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,183
  • Aug 31, 2023 10:17pm Aug 31, 2023 10:17pm
Quoting emmanuel7788
{quote} For instance I am using 4 elements. 1. Previous highs and lows —> determine market condition and trade plan 2. Trend —> long or short term bias, SLTP setting 3. Rejections —> confirmation and get ready for trade execution 4. TDI signals —> @tommydog... You keep repeating those four elements above in all you posts. Those are basic forex stuff which people learn at babypips.com Those are not the ten(10) elements of Big E' 5-Method which he mentioned in his old posts. There are also many tutorial videos he provided links to. Did you watch all...
Since you bring up that again.

As you know, I trade with 1 personal account, also with prop firm account. So for the past years I have accumulated close to 1000 trades.

I have been posting the results of the personal account in the past.
https://www.forexfactory.com/thread/...4#post14044214

When I got prop firm account I shifted my focus on trading it. I still trade with my personal account but to lower frequency. I also withdrawn much from it from ~35k to ~5k.

Trading TMS with the 4 elements (Previous Highs/Lows, Trend, Rejection, TDI cross) has been pretty profitable for me. I believe BigE's TMS method is a profitable method for traders if one is not overthinking and complicating the rules.

My suggestion is to read all of BigE's posts and follow the TMS rules.

Trade well.

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  • #142,184
  • Aug 31, 2023 10:25pm Aug 31, 2023 10:25pm
Quoting tommydoginti
{quote} Since you bring up that again. As you know, I trade with 1 personal account, also with prop firm account. So for the past years I have accumulated close to 1000 trades. I have been posting the results of the personal account in the past. https://www.forexfactory.com/thread/...4#post14044214 When I got prop firm account I shifted my focus on trading it. I still trade with my personal account but to lower frequency. I also withdrawn much from it from ~35k to ~5k. Trading TMS with the 4 elements (Previous Highs/Lows, Trend,...
TMS method is not trading every TDI signals. Using the proper analysis with Price Action of #647 can help picking the TMS setups for high win rate.

As BigE mentioned. SL at last H/L. Looking at Previous Highs and Lows can help determine if the trade is worthy with R:R>1 for safe trade management and profit taking.

In August, I only placed 26 trades with personal account. Some months more some less, averagely 1 trade per day. There are always trade opportunities.
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Managing Risk is the first rule in trading. Regardless of trading strategy
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  • #142,185
  • Aug 31, 2023 10:34pm Aug 31, 2023 10:34pm
Quoting tommydoginti
{quote} Summary of TMS indicators and rules #116,780 Examples of my recent charts #116,757 Some legacy training charts from BigE (@eelfranz) #10736 It was a nice rejection swing down to previous support before the week ended. Enter at TMS TDI green cross red sell signal, HA candle#2 color change {image}
Since the beginning of trading TMS I have been using the TDI signal with Price Action from post #647. TMS is a very consistent method to trade.

1. Previous highs and lows —> determine market condition and trade plan
2. Trend —> long or short term bias, SLTP setting
3. Rejections —> confirmation and get ready for trade execution
4. TDI signals —> Trade confirmation and execution

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  • #142,186
  • Sep 1, 2023 1:01am Sep 1, 2023 1:01am
Quoting tommydoginti
{quote} Since the beginning of trading TMS I have been using the TDI signal with Price Action from post #647. TMS is a very consistent method to trade. 1. Previous highs and lows —> determine market condition and trade plan 2. Trend —> long or short term bias, SLTP setting 3. Rejections —> confirmation and get ready for trade execution 4. TDI signals —> Trade confirmation and execution {image} {image}
Anyone like Big E with 15+ years trading experience seeing this one screen will see the Big Picture and know the market type conditions

UsdCad Sep 01 Big Picture

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then follow his post #281 would be easy,

just look at the H4 candles on this M5 chart and you will know there is not H4 setup for a swing of 3 to 8 candle ... nothing to trade ...

> do you want to scalp the 4hr?

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,187
  • Sep 1, 2023 1:15am Sep 1, 2023 1:15am
Quoting tommydoginti
{quote} Since the beginning of trading TMS I have been using the TDI signal with Price Action from post #647. TMS is a very consistent method to trade. 1. Previous highs and lows —> determine market condition and trade plan 2. Trend —> long or short term bias, SLTP setting 3. Rejections —> confirmation and get ready for trade execution 4. TDI signals —> Trade confirmation and execution {image} {image}

H4 Open, High, Low and Close OHLC and price levels 00,25,50,75,...

price action is obvious when the market is sideways range bound and choppy ...

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#2617
- the TDI is not going to help you ...

The 5 Fundamental Truths of Trading by Mark Douglas

1. Anything can happen.

2. You don’t need to know what is going to happen next to make money.

3. There is a random distribution between wins and losses for any given set of
variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.

5. Every moment in the market is unique.



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,188
  • Sep 1, 2023 1:34am Sep 1, 2023 1:34am
share your profitable methods

if more people follow any profitable method then the results would be much better.

you are not going to lose anything.
  • #142,189
  • Sep 1, 2023 2:37am Sep 1, 2023 2:37am
Quoting oo7rai
share your profitable methods if more people follow any profitable method then the results would be much better. you are not going to lose anything.
the 5-Method is one of several profitable trading methods in Forex Factory.

You need to learn it in Big E' old thread.

Learn and master the 5-Method first.

Next, develop your own trading systems that fits you using this one and only method.

You can trade TMS with his 5-Method.

Or you can trade my TMS-II with the same 5-Method. 2012 to 2014

And you can trade TMS MEME with the same 5-Method. 2015 to 2017

And you can trade TMS EVO with the same 5-Method. 2018 to 2020

Next, TMS_EVO_2024/2025/2026 under development and testing now to be release in Jan 2024.
https://www.forexfactory.com/thread/...5#post14538745


Quoting eelfranz
Unless you mastered this method already... keep the questions or concerns coming. Post your Demo trades too. Continue making Demo trades to build your confidence and study old charts where the TDI gives clean signals... it will pay you in spades... well, pips in our case...
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,190
  • Sep 1, 2023 2:38am Sep 1, 2023 2:38am
Quoting emmanuel7788
{quote} H4 Open, High, Low and Close OHLC and price levels 00,25,50,75,... price action is obvious when the market is sideways range bound and choppy ... {image} #2617 - the TDI is not going to help you ... The 5 Fundamental Truths of Trading by Mark Douglas 1. Anything can happen. 2. You don’t need to know what is going to happen next to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is...

USDCAD Sep01

the London Open and the ten(10) elements of TMS 5-Method

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,191
  • Sep 1, 2023 2:53am Sep 1, 2023 2:53am
Quoting tommydoginti
{quote} Since the beginning of trading TMS I have been using the TDI signal with Price Action from post #647. TMS is a very consistent method to trade. 1. Previous highs and lows —> determine market condition and trade plan 2. Trend —> long or short term bias, SLTP setting 3. Rejections —> confirmation and get ready for trade execution 4. TDI signals —> Trade confirmation and execution {image} {image}
BigE’s TMS rules to trade the TDI signals with #647 price actions

1. Previous highs and lows —> determine market condition and trade plan
2. Trend —> long or short term bias, SLTP setting
3. Rejections —> confirmation and get ready for trade execution
4. TDI signals —> Trade confirmation and execution

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  • #142,192
  • Sep 1, 2023 3:07am Sep 1, 2023 3:07am
Quoting emmanuel7788
{quote} USDCAD Sep01 the London Open and the ten(10) elements of TMS 5-Method {image} ...

USDCAD Sep01 London 9am

- first H1 candle completed...

> TIMING is one(1) of ten(10) elements of Big E' 5-Method

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,193
  • Sep 1, 2023 3:43am Sep 1, 2023 3:43am
Quoting emmanuel7788
{quote} USDCAD Sep01 London 9am - first H1 candle completed... > TIMING is one(1) of ten(10) elements of Big E' 5-Method {image} {image} ...

USDCAD Sep 01 London 9am

- London Open 1hr candle completed...

- we shall see what happens on this M5 below

- H4 still sideways range bound etc...


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,194
  • Sep 1, 2023 3:47am Sep 1, 2023 3:47am
Quoting tommydoginti
{quote} BigE’s TMS rules to trade the TDI signals with #647 price actions 1. Previous highs and lows —> determine market condition and trade plan 2. Trend —> long or short term bias, SLTP setting 3. Rejections —> confirmation and get ready for trade execution 4. TDI signals —> Trade confirmation and execution {image} {image}
When starting to trade with BigE’s TMS method, go with a few Price Action elements and slowly add in the Price Actions elements of #647.

for example. With only 3 elements
previous highs and lows
trend
TDI cross signals

trade the TDI signals in the direction of trend.

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  • #142,195
  • Sep 1, 2023 3:54am Sep 1, 2023 3:54am
Quoting eelfranz
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. 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, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that...

keep it simple:

set your alarm at 10 mins before the next 4hr candle

USDCAD Sep01 4hr coming up 2am candle ...

> its very simple if you have read all the OP' posts and know what to do now


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,196
  • Sep 1, 2023 4:00am Sep 1, 2023 4:00am
Quoting tommydoginti
{quote} When starting to trade with BigE’s TMS method, go with a few Price Action elements and slowly add in the Price Actions elements of #647. for example. With only 3 elements previous highs and lows trend TDI cross signals trade the TDI signals in the direction of trend. {image}

WOW!

You drop down to 3 elements now... you still miss the other nine(9) elements of the 5-Method.

How can anyone claims be consistent if the number of elements are reduced from 4 to 3?


XAU M5 Sep 01

- very clear the H4 is sideways range bound ...

- even with H1 candles turned-on , there is not setup


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Big Picture

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,197
  • Sep 1, 2023 4:07am Sep 1, 2023 4:07am
d can be the lowest point
wait for e
then fibo goes from d (0) to e (100)
enter long at f at 50% pullback
sl at minus (-) 40%
tp at 140%
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  • #142,198
  • Sep 1, 2023 4:15am Sep 1, 2023 4:15am
Quoting tommydoginti
{quote} When starting to trade with BigE’s TMS method, go with a few Price Action elements and slowly add in the Price Actions elements of #647. for example. With only 3 elements previous highs and lows trend TDI cross signals trade the TDI signals in the direction of trend. {image}
I got questions on trad planing when trading BigE’s TMS method.

BigE’s TMS rules to trade the TDI signals with #647 price actions

1. Previous highs and lows —> determine market condition and trade plan
2. Trend —> long or short term bias, SLTP setting
3. Rejections —> confirmation and get ready for trade execution
4. TDI signals —> Trade confirmation and execution

take GJ as example
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  • #142,199
  • Sep 1, 2023 4:19am Sep 1, 2023 4:19am
Quoting emmanuel7788
{quote} USDCAD Sep 01 London 9am - London Open 1hr candle completed... - we shall see what happens on this M5 below - H4 still sideways range bound etc... {image} ...

USDCAD Sep 01 4hr Pacific 2AM

- broker time 1200

> don't waste your time and money trading this H4 sideways range bound market conditions

> this H4 wont run for 3 to 8 candles today ... its Friday

> many newbies here simply don't get it

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,200
  • Sep 1, 2023 4:25am Sep 1, 2023 4:25am
Quoting tommydoginti
{quote} Sold GU. BigE’s TMS, only 2 sentence to conclude this TMS sell opportunity. Price rejected from previous High. TDI cross down. And TDI crossing down from above 68 was BigE’s favourite due to high chance winning {image} {image}
Same thought process with TMS rule in this trade.

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