{quote} I don't trade H4. Trades are done on M5, in/out. ------ You will be better off to follow the advice BigE has posted in this thread.
What are the thoughts on holding positions overnight when using this strategy? Do you guys trail the stop loss or just close all open positions before turning off the pc? Really liking this strategy so far, very simple and brings lots of pips, especially in the 4hr charts.
{quote} That will depend totally on how much are you willing to risk. BigE closed all his trades, does not mean you have to do the same. What does overnight mean to you? At most a night is 8 hours long === 2 bars. (H4) Post#4099 At Night: I only look at the 4hr charts. If there is a set up I'll take the trade, place a S/L at the last hi or lo and go to bed. I check it again in the morning when I get up. If I wake up during the night I'll take a peek usually... moving my S/L up to lock in profit and then check it again when I wake up Your choice....
{quote} {image} Using BigE’s TMS to plan trades with TDI and Price Action in post #647. previous highs and lows trend rejections {image}
{quote} Yes, by overnight I mean around 8 hours. When you say that you place your S/L at the last hi or lo, what time frame do you use for that? I'm assuming you go down to 1hr or maybe 30 minutes?
EU Sep 07 H4 1600 candle - the New York Open candle - the Price Action with the perfect ten(10) {image} > anything can happen in the next 2 hours ...
{quote} It is very straightforward for TMS traders to avoid buying in this market situation with TDI and Price Action in post #647 Previous Highs and Lows Trend Rejections and Reversals TDI signals {image}
{quote} EURUSD Sep08 review POMO - price make extreme high and hitting it daily high tends to correct as we see in most intraday volatile market conditions - Big E use the ADR_Pro to guide him to see intraday levels and look for swing highs and swing lows, learn from his posts in his old thread. - scalping the 4hr and taking trades on M5 TTE and entries and exits has its benefits too, but you must know what the prevailing market conditions and make very fast adjustment to your TMS-II trade plans - M5 is the preferred timeframe for TMS_EVO_2024/2025/2026...
{quote} Keep It Simple for TMS traders: The setup conditions was days ago seen here on H12 plus a few bonus to have more confidence: - triple top chart pattern some may see Head and Shoulders - also divergence PA vs Stochastics - also PA vs RSI green price line - plus PA momentum exit blue band VB upper band and re-enter the VB upper band - plus the TDI' VB widening is positive sign of expanding price momentum - the RSI green price line crossing the 50-level is also a signal {image} > there's a lot to observe on your trading charts ...
///see if yor head computer was right... it's free. HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain ! Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...
{quote} Good analysis. But it shows the drawback of using the EAs. just my suggestion, BigE’s Trading Made Simple is using very few PA confluences, so it is effective in filtering yet don’t have contradicting signals. 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. Type of Rejections —> confirmation and get ready for trade execution 4. TDI signals —> Trade confirmation and execution Each has their own role in trade decision, building...
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. HA Candles are important because it makes your trading way less stressful...///
{image} Whhhhhhoooopheeee. Remove TDI and Stoch because BigE said so. Great, done. --------- Some time later the chart is filled with indicators Let see: > ADR_pro, some indicator that put a dot on HH/LL, 4 * Moving Average, bar timer, All time frames right side of chart, and best of all a indicator to tell the trader that the market is closed. That is one chart. > Other charts have Pivot points, Expert Advice that show TDI slope, HA candle, Bar candle, a second TDI indicator that show the slope as well and least not last dear old Stoch back on...
/// 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?...
{quote} hey @Tekkies Yes. That's the same OP of this thread. it is confusing with in your mind after 7+ years and blew many accounts. First, in the above post #261 ... the OP wrote "The TDI is the heart of our method" But, then he went on further to say these below in his post #2617 > for higher success .... we need to strip the...
What a joke.
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{quote} Remove 2 indicators by replacing them 10 more indicators.
{quote} @Tekkies Do you mean these posts and charts? {image} {image} {image}
{quote} Hope you can understand the real meaning of {image} {image}
