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Trading Made Simple

  • #143,141
  • Oct 1, 2023 11:18pm Oct 1, 2023 11:18pm
Quoting emmanuel7788
News/Events this week to consider when day trading {image} ...

Looking at EU and GU 4hr at Tokyo 1pm,

it is quite clear if you want to be buyer or seller when we make the transition to trade the 4hr.

Both the Daily has a suggestion with the Arjun candle

Weekly direction is obvious but anything can happen this week. Take note of the previous Week' candle OHLC these can be support & resistance levels too if there is CONFLUENCE with other S&R like the 10/50/200 EMAs plus recent swing highs/swing lows and BN levels.

EU Oct02 4hr Tokyo 1pm

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GU Oct02 4hr Tokyo 1pm

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #143,142
  • Oct 1, 2023 11:30pm Oct 1, 2023 11:30pm
GJ Oct02 4hr Market Type Sideways conditions

- experienced TMS traders will see this easily with the Week38 WCC high-low

- do you want to trade within this WCC High-Low,

- do you expect to get a trade with +5R to +9R in this sideways market type?

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #143,143
  • Oct 2, 2023 12:00am Oct 2, 2023 12:00am
Quoting emmanuel7788
{quote} {image} 'secret' of the RSI hi @kizan Sorry for the delay. I have been busy finishing my preparations for TMS_EVO_2024/2025/2026 system testing and I needed time to refresh my memory on the TMS-II system development which was many years ago. Anyway, a buddy helped me out with my system development notes. We used several reference books and materials in our system development. To master Big E' 5-Method, you need to learn more about the RSI indicator. Study the book by John Hayden : RSI:The Complete Guide You can download that book here: RSI:...
Hi Emmanuel, thank you for your guidance!
  • #143,144
  • Oct 2, 2023 1:35am Oct 2, 2023 1:35am
Quoting emmanuel7788
{quote} September has only 21 trading days. And according to the OP, there were 3 to 6 setups per evening #7555 when he trade the Pacific 10PM and 2AM 4hr candles ... post #1. He traded 8 pairs #63. and he only traded with single entry / single exit and he claimed to make $500 to $1000 per evening. I trade more pairs and different...
hi emmanuel

why don't you trade all the pairs?

best wishes
  • #143,145
  • Oct 2, 2023 2:36am Oct 2, 2023 2:36am
Quoting tommydoginti
{quote} Hi Romulorios, I have summarised this in #125132, https://www.forexfactory.com/thread/...6#post13715196 It is the elements of BigE’s TMS method. Price actions are in post #647 Trade well #647 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 small... Look at the candles on the last reversal... big, little, what
GU buy.

TDI cross up with Price Action confirmation as of post #647.
SL previous low

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  • #143,146
  • Oct 2, 2023 2:50am Oct 2, 2023 2:50am
Quoting korosh1350
{quote} hi emmanuel why don't you trade all the pairs? best wishes
Hi Korosh1350,

It would only take a good trade to make a session. For each pair, each day, there are multiple TMS setups. Sometimes it only takes a good trade to make the session.

BigE did not stick in front of the computer to trade all day. Similarly, depending on your choice, trading is only small part in life. Trade a method which is simple and effective, save the time to do other things.

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Trade well.
  • #143,147
  • Oct 2, 2023 2:59am Oct 2, 2023 2:59am
Quoting tommydoginti
{quote} “You see” high risk trading… This is very important point However it was a TMS sell setup. This is because you do not understand the rules of BigE’s TMS. Your trading is more complicated yet worse than TMS. Go and study BigE’s TMS thread and posts. Only those who do not understand would “see” TMS as simply trading TDI crosses. trade well {image}
What is the use, Tommy? No matter what you post, old Vincent has set his mind to destroy this simple method.
> Not much ells to post about how to use TDI with BigE's advice in this thread.
Same setup, Same rules.
=== When TDI give a signal
> Refresh chart.
> Did TDI green cross red (green bounce red)
> TDI green angle above / below 2 / 4
> Is Stoch confirming TDI green direction
> Candle 1 or 2
===Use post#647 to confirm TDI signal
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  • #143,148
  • Oct 2, 2023 3:35am Oct 2, 2023 3:35am
Quoting korosh1350
{quote} hi emmanuel why don't you trade all the pairs? best wishes


hi @koroshi1350

I do not need to trade all the pairs.
Just pick the best A+++ setups and follow my trade plan to grow my accounts.
Just deposit the margin required to trade maximum five pairs and generate CashFlow with SMART goal.
Make my money work harder for me.
CONSISTENCY is key to successful trading.
Remember trading is a business not a hobby like most people here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #143,149
  • Oct 2, 2023 3:42am Oct 2, 2023 3:42am
Quoting Tekkies
{quote} What is the use, Tommy? No matter what you post, old Vincent has set his mind to destroy this simple method. > Not much ells to post about how to use TDI with BigE's advice in this thread. Same setup, Same rules. === When TDI give a signal > Refresh chart. > Did TDI green cross red (green bounce red) > TDI green angle above / below 2 / 4 > Is Stoch confirming TDI green direction > Candle 1 or 2 ===Use post#647 to confirm TDI signal {image}

hey @Tekkies

You got a winner today ...

What about your September month? How many winners and losers last month.


I closed 251 trades > #143,133 ......following Big E' post #2617.


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #143,150
  • Oct 2, 2023 4:58am Oct 2, 2023 4:58am
Quoting Tekkies
{quote} What is the use, Tommy? No matter what you post, old Vincent has set his mind to destroy this simple method. > Not much ells to post about how to use TDI with BigE's advice in this thread. Same setup, Same rules. === When TDI give a signal > Refresh chart. > Did TDI green cross red (green bounce red) > TDI green angle above / below 2 / 4 > Is Stoch confirming TDI green direction > Candle 1 or 2 ===Use post#647 to confirm TDI signal {image}
I would say just focus on trading BigE’s TMS method and its rules.

TDI is the heart of method with Price Action confirmation as of post #647

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  • #143,151
  • Oct 2, 2023 5:10am Oct 2, 2023 5:10am
Quoting emmanuel7788
{quote} Looking at EU and GU 4hr at Tokyo 1pm, it is quite clear if you want to be buyer or seller when we make the transition to trade the 4hr. Both the Daily has a suggestion with the Arjun candle Weekly direction is obvious but anything can happen this week. Take note of the previous Week' candle OHLC these can be support & resistance levels too if there is CONFLUENCE with other S&R like the 10/50/200 EMAs plus recent swing highs/swing lows and BN levels. EU Oct02 4hr Tokyo 1pm {image} GU Oct02 4hr Tokyo 1pm {image}...
Only when you have the experience and know what to look for ....
you only need to learn and master the 5-Method with post #647 Price Action
then only you will be able to trade like the OP #2617

EU Oct02 Arjun candle

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GU Oct02 Arjun candle

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #143,152
  • Oct 2, 2023 9:04am Oct 2, 2023 9:04am
Hey, y'all -

TMS, at base, is PASR (price action/support-resistance) trading bulwarked by TDI and stochastic indicators for confirmation. From reading a lot of posts here, one has the impression that not many of you have seriously studied PASR. TDI is a great indicator, but an indicator is only as good as the person interpreting it. I thought I would try to give back by sharing a link to a great basic article on PASR, https://www.priceactionninja.com/james16-trading-guide/ . This doesn't relieve Mr./Ms. Noob from going through all of babypips.com; but many of us took his course way back when, and this link is a good synopsis of his basic strategies. Start here and, as Big E said, STUDY OLD CHARTS. The article includes a link to James16's original charts thread in FF, which includes a number of instructional charts posted by the man himself.

Here is some knowledge - what you do with it is up to you.
  • #143,153
  • Oct 2, 2023 10:01am Oct 2, 2023 10:01am
Finding it kind of amusing:

https://www.priceactionninja.com/james16-trading-guide/
"Back then, the idea of trading from a blank chart with no indicators was an alien concept to most traders."
Post 2 > First chart posted has 5 indicators.
-----
Vincent like to use > post #2617... now strip down everything on that chart at that point...
Have any readers checked how many indicators does Vincent use to trade with?
(Have stopped counting at 8 indicators)
Take note. (When Vincent does his posting (10/20 charts at a time) it is never with a trade entered.
-------
Looks like certain trades do not understand simple words like "no indicators" / "strip down everything"
  • #143,154
  • Oct 2, 2023 10:28am Oct 2, 2023 10:28am
Quoting oradba
Hey, y'all - TMS, at base, is PASR (price action/support-resistance) trading bulwarked by TDI and stochastic indicators for confirmation. From reading a lot of posts here, one has the impression that not many of you have seriously studied PASR. TDI is a great indicator, but an indicator is only as good as the person interpreting it. I thought I would try to give back by sharing a link to a great basic article on PASR, https://www.priceactionninja.com/james16-trading-guide/ . This doesn't relieve Mr./Ms. Noob from going through all of...
Hi Oradba,

Thank you for your input. Note that the S/R are price levels not patterns. It is more related to the Price Action of BigE’s TMS in post #647 Previous Highs and Lows

TDI in TMS is to show momentum of price movement, signal trade timing. When you study the charts you will see many “Price Action” overlapping with TDI signals. However, TDI has no information regarding price level, hence “previous Highs and Lows” is one of the PA confirmation for TDI signals in TMS.

BigE’s TMS is simple because each element has its own role and not overlapping, and TDI as the “heart” of the method.

trade well

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  • #143,155
  • Oct 2, 2023 12:11pm Oct 2, 2023 12:11pm
Quoting emmanuel7788
{quote} oi @romulorios Você quer aprender sobre o Big E' 5-Method, você precisa seguir esta introdução abaixo: Fiz este resumo abaixo e espero que isso possa ajudá-lo a começar rapidamente. ================================================ = =========== Introdução ao Trading Made Simple Para saber o que é Trading Made Simple, você deve seguir a jornada de negociação do OP eelfranz, também conhecido como Big E. Ele começou como novato em 2008. Conheça a história e você aprenderá muito com o OP e quando tiver dominado o Método 5, poderá seguir em frente...
This link is not working
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  • #143,156
  • Oct 2, 2023 1:13pm Oct 2, 2023 1:13pm
Quoting tommydoginti
{quote} I would say just focus on trading BigE’s TMS method and its rules. TDI is the heart of method with Price Action confirmation as of post #647 {image}
I think user Inthebox's explanation sounds more logical and makes sense than your or OP's TDI cross, angle, ..bla bla crap.
https://www.forexfactory.com/thread/...2#post14600502
Your picture just reminded me of his approach although that's also nothing new. Breakout traders cannot prosper in the long run.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #143,157
  • Oct 2, 2023 1:17pm Oct 2, 2023 1:17pm
A followup to my earlier post about the importance of understanding price action.

Please note the 'bad' DBLHC trade ("can't win 'em all") did not have a corresponding signal in the TDI indicator - if anything, there was a bit of divergence.
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  • #143,158
  • Oct 2, 2023 2:35pm Oct 2, 2023 2:35pm
Quoting oradba
A followup to my earlier post about the importance of understanding price action. Please note the 'bad' DBLHC trade ("can't win 'em all") did not have a corresponding signal in the TDI indicator - if anything, there was a bit of divergence. {image}
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  • #143,159
  • Oct 2, 2023 5:49pm Oct 2, 2023 5:49pm
Quoting oradba
Hey, y'all - TMS, at base, is PASR (price action/support-resistance) trading bulwarked by TDI and stochastic indicators for confirmation. From reading a lot of posts here, one has the impression that not many of you have seriously studied PASR. TDI is a great indicator, but an indicator is only as good as the person interpreting it. I thought I would try to give back by sharing a link to a great basic article on PASR, https://www.priceactionninja.com/james16-trading-guide/ . This doesn't relieve Mr./Ms. Noob from going through all of...

there's a far better trading school than babypips.com ...

most who did not succeed after following post#647 have been to that school and have done better than those who went to babypips.com
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #143,160
  • Edited 6:14pm Oct 2, 2023 6:03pm | Edited 6:14pm
Quoting oradba
A followup to my earlier post about the importance of understanding price action. Please note the 'bad' DBLHC trade ("can't win 'em all") did not have a corresponding signal in the TDI indicator - if anything, there was a bit of divergence. {image}

@oradba

those DBHLC and DBLHC you marked do not meet the conditions for Double Bar High .... Double Bar Low

they are engulfing candles and engulfing outside candles

there were only two which meet 100% of the Double Bars Low ... in August BUT they were is market consolidation range which we would not be trading those two

BUEB/BEEB and BUEOB/BEEOB are more frequent than DBHLC/DBLHC price action.
You will spot them on your chart and most are good setups which meet post #647 conditions.
What is important is to pick those which are the best A+++ setups and has more than +2R trade potential.
12 years here and I still see noobs trade TDI green cross red without the skills to pick the best setups which the OP mentioned many times.

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