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Trading Made Simple

  • #142,201
  • Sep 1, 2023 4:27am Sep 1, 2023 4:27am
Quoting tommydoginti
{quote} 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 {image}

GBPJPY Sep 01 Pacific 2AM

- look at the H1 candles 1,2,3 and 4 ...

Is H4 trending ? NO

- do you see the H4 highs and lows ?

> the 4hr down swing has ended t BRN184ish

>>> Go look for another pair and play with Market Type I or Market Type II conditions.


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>>> starting next week I'll show you how to pick a +5R trade opportunity

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,202
  • Sep 1, 2023 4:35am Sep 1, 2023 4:35am
TMS Monitor Sep 01 4hr Pacific 2AM

- just one glance at this dashboard I know and I walk away

- not need to spend time looking at PA and then checking TDI which is lagging the PA

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>>> what's next?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,203
  • Sep 1, 2023 4:39am Sep 1, 2023 4:39am
Quoting emmanuel7788
TMS Monitor Sep 01 4hr Pacific 2AM - just one glance at this dashboard I know and I walk away - not need to spend time looking at PA and then checking TDI which is lagging the PA {image} >>> what's next? ...

above post #142,202

below is old post #202

the TDI was "helping indicator .... "

and become the heart of the method here ...



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,204
  • Sep 1, 2023 4:44am Sep 1, 2023 4:44am
GBPUSD Sep01 H1

- take a look at the Daily candles...

- big candle and small candle ... that's Inside Bar Day candle ... *CONSOLIDATION

- you see obvious 'support & resistance' below and above current PA ...

- can it run +50pips in the next 3 to 4 hours?


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,205
  • Sep 1, 2023 5:55am Sep 1, 2023 5:55am
Quoting tommydoginti
{quote} 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 {image}
Another example on NU.
trading the trend with TDI buy signal. Not waiting for price to retest previous low.

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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  • #142,206
  • Sep 1, 2023 6:04am Sep 1, 2023 6:04am
Quoting tommydoginti
{quote} Another example on NU. trading the trend with TDI buy signal. Not waiting for price to retest previous low. 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}
As BigE mentioned. TMS method is applicable on all time frames.

the price levels significant for each timeframe differs due to the fractal nature of market movement. As BigE mentioned, once open a trade, do not change the chart. Stay with the structure of the entry timeframe. Pick the one you like and suits your style.

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  • #142,207
  • Sep 1, 2023 6:11am Sep 1, 2023 6:11am
Quoting tommydoginti
{quote} As BigE mentioned. TMS method is applicable on all time frames. the price levels significant for each timeframe differs due to the fractal nature of market movement. As BigE mentioned, once open a trade, do not change the chart. Stay with the structure of the entry timeframe. Pick the one you like and suits your style. {image}

Of course the OP Big E did say his 5-Method work in all timeframes. That is fact ... all trading methods based on lagging indicators - Stochastics. MACD, RSI, CCI , etc. .. they all work in all timeframe from 1-minute to monthly...

But do not forget all his other posts and his reason why he started this Trading Made Simple thread. If you have read his old thread you would have known hos reasons.

And big post #11 below:

I believe he knows better with his 15+ years trading experience.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,208
  • Sep 1, 2023 6:16am Sep 1, 2023 6:16am
Quoting tommydoginti
{quote} Another example on NU. trading the trend with TDI buy signal. Not waiting for price to retest previous low. 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}

An experienced TMS trader with +12 years consistent trade results would see this and walk away from NU today .

TMS Monitor Sep 01 London 12PM

-

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If you must look at NU H1 chart now, and with the Daily candles in its background, it is obvious to go look at other pairs ...

The problem with newbie trader is that they want to trade all time and get the adrenaline rush in their blood. It that euphoric feeling inside some young people trading the forex market like in a casino.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,209
  • Sep 1, 2023 6:26am Sep 1, 2023 6:26am
Friday Sep 01,

> big news/event

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Big E #7622

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> Good to know and not lose money later today.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,210
  • Sep 1, 2023 6:42am Sep 1, 2023 6:42am
Quoting emmanuel7788
{quote} An experienced TMS trader with +12 years consistent trade results would see this and walk away from NU today . TMS Monitor Sep 01 London 12PM - {image} If you must look at NU H1 chart now, and with the Daily candles in its background, it is obvious to go look at other pairs ... The problem with newbie trader is that they want to trade all time and get the adrenaline rush in their blood. It that euphoric feeling inside some young people trading the forex market like in a casino. {image} ...

You have walked away from some good TMS setups. That is fine I also do not trade all TMS setups. Just trade when I have time.
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We have seen your 12+ years of losing results. You have shown to have huge loss once to twice every year with your average down trading.
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Why don't you learn from you mistake and walk away from your very bad market analysis?
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  • #142,211
  • Sep 1, 2023 6:45am Sep 1, 2023 6:45am
Traders in Hong Kong. Hope everyone is safe and well. Have a nice weekend.

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  • #142,212
  • Sep 1, 2023 6:45am Sep 1, 2023 6:45am
Quoting tommydoginti
{quote} You have walked away from some good TMS setups. That is fine I also do not trade all TMS setups. Just trade when I have time. {image} We have seen your 12+ years of losing results. You have shown to have huge loss once to twice every year with your average down trading. {image} Why don't you learn from you mistake and walk away from your very bad market analysis? {image}

hey @tommydog... aka @Fake Trader

Obviously my posts triggered that nerve in your head.

You just went into another episode of your mental meltdown.

You need to manage your anger.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,213
  • Sep 1, 2023 8:58am Sep 1, 2023 8:58am
Quoting emmanuel7788
{quote} hey @tommydog... aka @Fake Trader Obviously my posts triggered that nerve in your head. You just went into another episode of your mental meltdown. You need to manage your anger. {image} ...
I think you are hearing voice in your mind.

Here we discuss BigE’s TMS method. If you cannot understand the rules and unable to identify the TMS setups. That is your problem.

You showed failed trades and huge drawdown blowing accounts. That is your problem too.

Just in this trading forum, traders can learn from both good and bad trades. So I do think you have contributed by showing how a bad trader is like.

keep on the good work. And enjoy the weekend.

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  • #142,214
  • Edited 11:39pm Sep 1, 2023 9:03am | Edited 11:39pm
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}
TMS setup on AU H1

#647 and TDI


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  • #142,215
  • Sep 1, 2023 9:52am Sep 1, 2023 9:52am
hi tommydoginti, can you tell me the meaning of "Look at the candles on the last reversal... big, little, what" and how to use it in practical situations?
Sorry about my English!
  • #142,216
  • Sep 1, 2023 9:02pm Sep 1, 2023 9:02pm
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}

UJ Sep 01 New York 5pm Close UPDATE:

- that WCC still has the 'control'

- with two tests this week, that range bound conditions remain till next week ...

> adapt TMS-II and TMS MEME 4H Swing Trading to trade in range bound market type conditions

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> for those relying on the TMS_V19 EA information and the original TDI version in #25, do your technical studies for analysis of the Price Action and evaluate the V19 display info, watch carefully the TDiC1 Daily and the Volatility Bands , its mid-BB and the upper and lower bands. It can help you see the market conditions easier if you are new to reading candles for price action trading.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,217
  • Sep 1, 2023 9:16pm Sep 1, 2023 9:16pm
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...
Quoting eelfranz
///... 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.
#647

Naked chart for the basics of trading 4x...

It is the beginning of a new September month.

I know the AEP for buy positions so that I can plan , build and run my trades.

I know where my initial stop loss 'R' for my maximum risk and Position Sizing of all my trades and baskets.

In the worst case scenario, I have to cut losses and lose that one risk '1R' .

I do not put all my eggs in one basket. I deploy multiple pairs in different pairs with different baskets.

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Sep to Nov will be devoted to forward live testing of TMS_EVO_2024/2025/2026 ... ("TMS_PlanIX" pre-release) ... no official name yet at this moment.

see #141,766
https://www.forexfactory.com/thread/...5#post14538745

Stay Tuned !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,218
  • Sep 1, 2023 9:32pm Sep 1, 2023 9:32pm
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

Someone had tried but after 10 years no success ...

So what else to do now?

If trading the 'Dailies' like what Big E said in his post above, then there are several problem areas to look into.
- Medium term to Long term Swing Trading _ Daily/Weekly charts
- Money Management Strategy _ starting account size, multiple accounts, kedge account trading, etc.
- Trading Mindfulness .. mental fitness and developing mental strategies to deal with market situations.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,219
  • Sep 1, 2023 9:42pm Sep 1, 2023 9:42pm
Quoting tommydoginti
{quote} I think you are hearing voice in your mind. Here we discuss BigE’s TMS method. If you cannot understand the rules and unable to identify the TMS setups. That is your problem. You showed failed trades and huge drawdown blowing accounts. That is your problem too. Just in this trading forum, traders can learn from both good and bad trades. So I do think you have contributed by showing how a bad trader is like. keep on the good work. And enjoy the weekend. {image} {image}
What I see here is a less than 20% 'full-glass' ....

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Your trading success still has a very very very very long way to go.
Multiply your less than 3 years newbie experience five-times, and you may achieve success in say 12 to 15 years.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,220
  • Sep 1, 2023 9:51pm Sep 1, 2023 9:51pm
Quoting emmanuel7788
GBPUSD Sep01 H1 - take a look at the Daily candles... - big candle and small candle ... that's Inside Bar Day candle ... *CONSOLIDATION - you see obvious 'support & resistance' below and above current PA ... - can it run +50pips in the next 3 to 4 hours? {image} ...

GU Sep01 NY Close 5pm UPDATE:

- Weekly still has the 'control'

- NFP driven price down with US data

- lagging TDI crossed Up and Crossed Down ...

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