Trading can be simple as LE1 often reminded people of these: {image} {image} ...
An example today - Follow Simple rules that has proven to work
- an early bird
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,941
- Sep 21, 2023 5:08pm Sep 21, 2023 5:08pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
An example today - Follow Simple rules that has proven to work
- an early bird
...
- #142,942
- Sep 21, 2023 5:32pm Sep 21, 2023 5:32pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
HK50 Daily Sep20 {image}
...
HK50 Sep21 EOD UPDATE
If I trade this for my retirement expenses I will make some money but not enough to grow wealth for future generations.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,943
- Sep 21, 2023 5:40pm Sep 21, 2023 5:40pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
US Markets situation this week
...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,944
- Sep 21, 2023 5:53pm Sep 21, 2023 5:53pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
AUDJPY Week 38 review
- we see the Weekly sideways ranging market conditions and price has fallen back in range of last Week' candle ...WCC
- it would be difficult to get a +5R trade even if you did manage to pick the 2-bars/candles reversal setup BEEB candle and get a APB/HA#2 entry.
- therefore I emphasize repeatedly that TMS traders must know what the Market Type conditions are when they do their top down analysis following basic forex price action in post #647.
- TMS will NOT work in Market Type 3 ...Sideways Narrow Range market conditions...
...
- we see the Weekly sideways ranging market conditions and price has fallen back in range of last Week' candle ...WCC
- it would be difficult to get a +5R trade even if you did manage to pick the 2-bars/candles reversal setup BEEB candle and get a APB/HA#2 entry.
- therefore I emphasize repeatedly that TMS traders must know what the Market Type conditions are when they do their top down analysis following basic forex price action in post #647.
- TMS will NOT work in Market Type 3 ...Sideways Narrow Range market conditions...
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,945
- Sep 21, 2023 6:26pm Sep 21, 2023 6:26pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
]Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.[/color]
Don't get fired means do not become euphoric with a few trade wins.
Making the transition to trading the 4hr charts does not mean you must trade the H4 chart timeframe. You simply follow the H4>Daily>Weekly Price Action and know the higher timeframes' support and resistance, this is the way to get into the markets and to try aim for the +5R to +12R trades wins.
Weekly chart is important to help use decide what the Market Type conditions are and define the Market Type 1,2 or 3. No need for over analysing all the 'intraday noise' in lower timeframe charts like the m30, M15, M5 and M1 which look impressive and accurate.... they are always accurate when we look at old charts ... that's hindsight paper trading.
Transition to trade the 4hr means different thing to different people.
Question is do you want to trade against the trends already established in the Daily and the Weekly,
and expect to get a potential run of +5R to +12R?
>>> Always look for trade setups which have the potential to "Let Profits Run" ... 5R to 12R.
>> you only need a few of such trades a year and you will make good money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,946
- Sep 21, 2023 6:36pm Sep 21, 2023 6:36pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} EU Sep20 ADR Study - we continue our ADR study for day-trading - today I am more conservative and use 36pips for the ADR. - I see on my chart below the Day Open lines and PA is making higher highs, higher lows but NO Higher Close - must pay attention to details ... {image} > it not my fault if people are in read-only-mode and not active in discussion here... ...
EU Sep22 ADR
- yesterday was another narrow ranged day
- today I shall be conservative with my ADR targets
- its Friday no 4hr trades as usual but still follow the 4hr as a general rule
- will close all my weekly 4H swing trade by the time London session closing
- closing my 15/20 trading days cycle and lock-in all profits would be good today
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,947
- Sep 21, 2023 6:40pm Sep 21, 2023 6:40pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} An example today - Follow Simple rules that has proven to work {image} - an early bird ...
AU sep22 H1 Tokyo 1000am
- looks like a 'shake-out' now ...
- tighten your belts...
> will the second mouse get to the cheese?
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,948
- Sep 21, 2023 7:01pm Sep 21, 2023 7:01pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} The above OP' post#281 was for those traders here who posted winning trades. You read them in pages 1 to 14. Don't get fired means do not become euphoric with a few trade wins. Making the transition to trading the 4hr charts does not mean you must trade the H4 chart timeframe. You simply follow the H4>Daily>Weekly Price Action and know the higher timeframes' support and resistance, this is the way to get into the markets and to try aim for the +5R to +12R trades wins. Weekly chart is important to help use decide what the Market Type conditions...
Based on Big E' post #281,
- my next 4hr trade window is my broker' 08:00 candle period
- its New York 1am, London 6am,
- its also Tokyo 5H
> as they are now, I know my trade plan for today and I know what to look for ...
> there is one thing I know for 100% sure is the market has the full control and it will decide if I make money with these
EU
GU
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,949
- Sep 21, 2023 7:15pm Sep 21, 2023 7:15pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} AUS200 Week 38 Sep18 sell trade update - last night I close my last position @BRN7000 - a total run of +7.5R from Monday' sell entry is a good run - we try pick top trade in Market Type I conditions and target +9R to +12R - today it is likely to fall further but we never know what going to happen next, - therefore we always protect the downside of all our trades and let the market decide the upside {image} ... {image}
AUS200 Sep22
- today' opening range is quite wide,
- setting a +5R target is not a SMART
thing- too specific, too simple, unrealistic, not achievable, no time for it to move,...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,950
- Sep 21, 2023 8:16pm Sep 21, 2023 8:16pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
Hi @tommydoginti, I saw you trade on phone, is it the same setup as BigE's chart template? If yes please what are your TMS configuration on trading view? And is there any other indicator configuration i should know about? Thanks in advance
here is the post
Hi GeraldFX,
I have TradingView and MT4 installed on my phone.
TradingView is more versatile and can put up custom indicators and set up alerts to trade on the fly.
MT4 is my broker, IG, trading platform for trade execution. I also put up the TDI on the chart.
====
First. Inspect the code of TDI green and red line. #25 has the .mt4 and source code can be viewed .
The RSI is 13, close. Green line is SMA(2) of the RSI and Red is SMA(7) of it.
Note the TDI is calculated from the OHLC of original chart, not the HA candles.
====
Setting up the TDI green and red line on MT4
#122445, I have explained how to do it step-by-step. Basically put up the RSI(13) and then apply MAs to the indicator.
https://www.forexfactory.com/thread/...2#post13623472
======
Setting up the TDI and HA chart on TradingView
#120591. The HA chart is added as indicator because as mentioned, TDI is calculated from original OHLC
https://www.forexfactory.com/thread/...7#post13580607
- #142,951
- Sep 21, 2023 9:28pm Sep 21, 2023 9:28pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} @tommydog.... Please post your charts showing the entries .... All your written narratives without trades on charts are just story telling. By the way, my two EA sell positions are based on Daily chart Price Action ... Entry #1 is the Pacific 10PM 4hr trade window Entry#2 is the next 4hr trade window Pacific 2am Tow entries with [email protected] {image} ...
Hi Emmanuel.
Trading with the trend is not CHASING the trend.
I hope you have cut loss quick. Your entry @1.0644 was way too late and close to previous support.
Follow BigE’s TMS rules, TDI signifying timing for trade executions and Price Action to determine trade direction.
Trade well and learn well
- #142,952
- Sep 21, 2023 9:38pm Sep 21, 2023 9:38pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} {image} Hi Emmanuel. Trading with the trend is not CHASING the trend. I hope you have cut loss quick. Your entry @1.0644 was way too late and close to previous support. Follow BigE’s TMS rules, TDI signifying timing for trade executions and Price Action to determine trade direction. Trade well and learn well {image}
My Advice is to stick to BigE’s TMS rules and follow the TDI signals.
As BigE mentioned, adding things and complicating the method just make it more complicated, and more often than not, less profitable.
Your sharing is valuable because it has repeatedly show that it is the case.
My advice is to do not use patterns to predict price movement. TMS price actions focus on the price movement and react to the market and trade.
trade well
- #142,953
- Sep 21, 2023 9:51pm Sep 21, 2023 9:51pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Hi Emmanuel, Thank you for asking. BigE’s TMS is simple and is working very well over the years. I closed my GU buy at TP, about 60 pips at ~3R. It is very simple TMS setup that I can conclude in 1 sentence, using TDI and Price Action of #647 Buy at TDI cross up from 32 (BigE’s favourite) as price rejected from previous low and formed a higher low. {image} {image} {image}
Besides AU, the other pairs also showed rejection from previous Low, giving TMS traders at lower time frame to trade a buy and reap profit.
EU and AU worth trading (I traded AU). For GU, buying at TDI cross would be buying right into resistance.
Follow BigE’s TMS with TDI and post #647
Previous highs and lows
trend, long and short
rejection
TDI signals
- #142,954
- Sep 21, 2023 9:54pm Sep 21, 2023 9:54pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} Hi Bob25. I am about to get on a plane, you can refer to post #130851. In short you can construct the TDI green and red line on multiple mobile trading apps. TDI (RSI and MA) are built-in functions in most if not all platforms. trade well. {image}
@tommydog....
You are in another episode of your mental meltdown after another losing trading day Sep21.
You forgot to post photos of your flight landing ....
so that people will believe what you post.
You do have very serious mental problem in this public forum.
You not only want the attention so bad and you want people to believe you after all the fake trades old charts you posted in this dead OP' thread.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,955
- Sep 21, 2023 9:54pm Sep 21, 2023 9:54pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
Hello guys, I am a new member here and I think this strategy is great! Thanks to BigE and may he rest in peaceQuick question: as per your analysis what is the best time to trade using this strategy? Or we can trade it anytime of the day.
BigE, the OP of TMS thread, mentioned in his posts that TMS works on any timeframe and pairs depending on trader and pairs.
You can refer to BigE’s posts below regarding timeframe.
BigE himself preferred trading higher timeframe.
=====#125164
The way I practice TMS can be found in the following posts by BigE, No need to add any more craps like gambling EAs and indicators.
1. TDI is heart of the TMS 5-method --- #261, #2617
All trades I share here are signaled by TDI green cross /bounce red
2. I work with time frames and time of day that suits me --- #644, #1170, #4470
I usually trade during work hour because of my privilege at my job which I have a lot of free time. Sometimes at night because it is London/NY market time when volatility is high. I like Lower Time Frame because I prefer quick-in-quick-out.
3. I use simple PA analysis that everyone can learn --- #276, #647
I prefer leading ones which I can anticipate TMS TDI cross/bounce setups to catch the swing in early stage like BigE demonstrated in his charts
4. Aligning with the discussion of this thread during BigE's time, entries are the main focus --- #495
If I have other aspect of trading to share, I would go to other related threads. I hope readers in this thread can receive concise and relative information in respective thread for efficient learning
5. I apply the correct use of TDI Green & Red lines --- #11
#11 has clearly shown that BigE refreshed his chart before viewing the chart. Traders who want to learn and practice the TMS should 1) refresh the chart before analysis, or 2) use a non-repainting TDI Green Red indicator. I chose the later.
6. Absolutely no EA --- #802
Two reasons: 1) To respect the thread rule. 2) If you need to rely on EAs to help you become profitable, i) Your trading skill is so-so at this stage, and ii) you will never learn the discretionary analysis that can further improve your trading skills
7. Most importantly, I participate the forum with respect --- #486
Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit. Trust your analysis as a TMS trader
#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...
Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
- #142,956
- Sep 21, 2023 9:58pm Sep 21, 2023 9:58pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} @tommydog.... You are in another episode of your mental meltdown after another losing trading day Sep21. You forgot to post photos of your flight landing .... so that people will believe what you post. You do have very serious mental problem in this public forum. You not only want the attention so bad and you want people to believe you after all the fake trades old charts you posted in this dead OP' thread. {image} ...
Your losing trades are not mine.
It is also the market told us all those trades were wrong calls, not me.
I was just discussing trading here with readers. I post live trades and also Study old charts. If you are unable to control your mental problem, then personal attack to me does you no good, and does me and my trading no harm.
please behave.
- #142,957
- Sep 21, 2023 10:02pm Sep 21, 2023 10:02pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} Based on Big E' post #281, - my next 4hr trade window is my broker' 08:00 candle period - its New York 1am, London 6am, - its also Tokyo 5H > as they are now, I know my trade plan for today and I know what to look for ... > there is one thing I know for 100% sure is the market has the full control and it will decide if I make money with these EU {image} GU {image} ...
GU Sep22 ... best time to trade starts soon ...
- I see Price Action #647 big candles, small candles, ...
- Double Inside Bar
- nr4IB
- and soon a Master Candle[3]
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,958
- Sep 21, 2023 10:15pm Sep 21, 2023 10:15pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} Hi Emmanuel. Your losing trades are not mine. It is also the market told us all those trades were wrong calls, not me. I was just discussing trading here with readers. I post live trades and also Study old charts. If you are unable to control your mental problem, then personal attack to me does you no good, and does me and my trading no harm. please behave. {image}
hey @tommydog....
just remember this:
every time you re-post that @realjumer banter with me, that is reminder of your mental illness just like that @realjumper. Your condition is more serious considering your young age and your father is 65 years old.
You lose money that's okay. Big E already mentioned this thread is not for you ... a newbie with only 2 years trading experience.
You have 3 to 10 years to catch up with the OP 15 years trading the US stock market.... then only we will know if you reach that intermediate+ level.
Losing money is not a bad thing. According to the OP, losing money is paying tuition fees to the market.
If you claim to be profitable with only 2 years trading TMS the way you show your charts, then we know you are lying.
Go home and spend more time with your father. Ask him if he made money trading the HSI this month.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #142,959
- Sep 21, 2023 10:19pm Sep 21, 2023 10:19pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} {image} Hi Emmanuel. Trading with the trend is not CHASING the trend. I hope you have cut loss quick. Your entry @1.0644 was way too late and close to previous support. Follow BigE’s TMS rules, TDI signifying timing for trade executions and Price Action to determine trade direction. Trade well and learn well {image}
Hey man, you are losing nerve again. Focus on trading Emmanuel
We are discussing your trades, unless you imply that your trades are fake, I don’t see the reason of you getting angry with others discussing your trades and show how you can improve
Although you do not trade BigE’s TMS method (TMS setups are as above), you should follow up with your EU sell and let readers how you cut loss.
Luckily for you, this time price stalled around your entries.
If they are real trades, then you should have no problem showing us where you exited after the wrong call of the crap analysis.
Of course unless they are fake trades.
- #142,960
- Sep 21, 2023 10:20pm Sep 21, 2023 10:20pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} Based on Big E' post #281, - my next 4hr trade window is my broker' 08:00 candle period - its New York 1am, London 6am, - its also Tokyo 5H > as they are now, I know my trade plan for today and I know what to look for ... > there is one thing I know for 100% sure is the market has the full control and it will decide if I make money with these EU {image} GU {image} ...
EU Sep22 H4 Pacific 10PM New York 1AM London 6AM
- Post #647 Price Action
- big candle, small candles...
- Inside Bar
- Master Candle[3]
> you know the rule ...
> do not trade TDI when in consolidation or you will lose money like @tommydog every week here
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett