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Trading Made Simple

  • #145,201
  • Edited 11:55pm Jan 11, 2024 11:36pm | Edited 11:55pm
Quoting emmanuel7788
{quote} Here is another example, this time it is M15 and with different preferences set in the TMS_V19 EA - Candle Pattern is green > do you recognize the Candle Pattern? {image} ...

when trading M15 the same triple screen top down analysis is important,

follow the higher timeframes - H4 and H1, for direction

if you see H4 in consolidation and narrow range, Do Not trade.

go look at other pairs where the H4 is trending


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,202
  • Jan 11, 2024 11:41pm Jan 11, 2024 11:41pm
Quoting luong368
{quote} it look like Inverse head and Shoulders Pattern
or

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,203
  • Jan 12, 2024 12:17am Jan 12, 2024 12:17am
Quoting emmanuel7788
{quote} Here is another example, this time it is M15 and with different preferences set in the TMS_V19 EA - Candle Pattern is green > do you recognize the Candle Pattern? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan12 M15 example 12-1-2024 1-25-44 pm.png Size: 41 KB




...

candles later ...

another alert ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,204
  • Jan 12, 2024 1:07am Jan 12, 2024 1:07am
Quoting emmanuel7788
{quote} <> Rules 　 1. London Market Trading - GBP/USD - 15 Minute Chart 2. Print out News Calendar - No trades 30 minutes before or after news. If your in a trade - either exit or really tighten stop Loss. 3. Use Fractals on your chart to visually see and measure swings. 4. Put Tokyo Channel on your Charts - - - 40+ pip spread hi/lo minimum before trading. *** Very Important. 5. Swings should average 20 to 40 pips or more. 6. Enter on second candle using top/bottom of first candle for entry level. Use Buy stop or Sell Stop orders. 7. Exit...

Another shot at GBP/USD15-minute chart today,

following the OP' post #97 in his old thread.

https://www.forexfactory.com/thread/...87#post3308787



Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan12 M15 FO 12-1-2024 3-00-30 pm.png Size: 26 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,205
  • Jan 12, 2024 2:21am Jan 12, 2024 2:21am
Quoting tommydoginti
{quote} TMS is not blindly trading every TDI crosses. Any TDI indicators, monitors, etc that fire off signals at every instance of TDI cross/bounce will waste a lot of traders’ time and the accuracy is suboptimal. Also the TMS price action elements are important to confirm TDI signals as valid TMS setups Previous Highs and Lows Trends Last reversals and rejections {image} {image}
BigE’s favourite TDI signal is retracement from 68 or 32.

for TMS traders who prefer to have very little exposure to the market, you can only set TDI signals with 68/32 retracement at times. Coupled with the Price Action in post #647 for trend direction.

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====
Trading Made Simple 3 year summary
___________________
TMS Method rules: #144535
Performance track on an account (~950 trades / TMS setups): #144517 #129706, #144,852
TMS entry accuracy: #144,836, #144,853
__________________
  • #145,206
  • Jan 12, 2024 2:55am Jan 12, 2024 2:55am
Quoting tommydoginti
{quote} BigE’s favourite TDI signal is retracement from 68 or 32. for TMS traders who prefer to have very little exposure to the market, you can only set TDI signals with 68/32 retracement at times. Coupled with the Price Action in post #647 for trend direction. {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (~950 trades / TMS setups): #144517...
Trading the OverBought and OverSold regions of oscillators , that has been my favorite too long time ago going back to 1990's and when Big E and I were trading the US stock markets.

look for trending market conditions,
and when the Stoch(8,3,3) above 80 and below 20,
then the RSI above 70 and below 30,

we also use MACD(12,26,9) for divergence

some hindsight examples below,

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF D1 Stoch and TDI OB and OS.png Size: 35 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,207
  • Jan 12, 2024 3:00am Jan 12, 2024 3:00am
Quoting tommydoginti
{quote} BigE’s favourite TDI signal is retracement from 68 or 32. for TMS traders who prefer to have very little exposure to the market, you can only set TDI signals with 68/32 retracement at times. Coupled with the Price Action in post #647 for trend direction. {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (~950 trades / TMS setups): #144517...
first, there was a strong uptrend,

then that work best when the Stoch is above 80 and there is MACD cross signal after the strong trending move,
the RSI or TDI will confirm later,


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,208
  • Jan 12, 2024 3:05am Jan 12, 2024 3:05am
Is there anything else we want to learn from the OP aka Big E that he has not mentioned in his 1485 posts in Forex Factory ?


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,209
  • Jan 12, 2024 3:16am Jan 12, 2024 3:16am
Quoting tommydoginti
{quote} BigE’s favourite TDI signal is retracement from 68 or 32. for TMS traders who prefer to have very little exposure to the market, you can only set TDI signals with 68/32 retracement at times. Coupled with the Price Action in post #647 for trend direction. {image}

other signals you can consider in your alerts

#7593
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,210
  • Jan 12, 2024 4:01am Jan 12, 2024 4:01am
Quoting eelfranz
VBMark, I would have stayed in that trade to almost B.... Still plenty of room between the green and red line... Look at older charts and you'll see how the green line cycles like that....


seriously?

... to stay in the trade until B for exit breaking the rule in post#6.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,211
  • Jan 12, 2024 4:01am Jan 12, 2024 4:01am
Quoting eelfranz
Video = http://www.compassfx.com/video/flash/52311/52311.html

How many of you watched this video?

A lot of good information and take-away when you want to trade like the OP Big E and you will fail big time.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,212
  • Jan 12, 2024 4:15am Jan 12, 2024 4:15am
Quoting eelfranz
Checkz, I've seen the green TDI line hit the 68 or 32 and still go another 100 pips... wierd...



The OP thought it was weird when the TDI line hit 68 or 32 and went further for another 100 pips.

Let me share with you my 12 years experience here,

when you see the TDI reaching the 68 or 32 levels,

you check your Big Picture Plan for the Price Action and see where the next levels of support and resistance SnR are,

then check the next higher timeframes , the Daily and Weekly for possible strong trend and continuation,

then you protect all open positions, and switch from 4Hr trading to Daily/Weekly charts trading.

When you plan your trades, you should know the potential for "upsizing" your trades to higher timeframes ... and Let Profits Run, .... this is the way to get those +9R to +12R profits trades.

There is nothing weird when the market type conditions changes all the time, it changes from narrow range to wide range, and vice-versa.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,213
  • Jan 12, 2024 5:43am Jan 12, 2024 5:43am
Quoting tommydoginti
{quote} Hi TU2023, You are not the first one to ask for it. This is my custom indicator, coding the TMS green and red lines, and figured a way to code some of the TMS price actions in post #647 to pass some of the analysis to the indicator and save my time checking charts. Only TDI cross up in uptrend and TDI cross down in downtrend, this already prevent 50% of unnecessary chart checking. No alert will go off when there is no buy/sell opportunity. However, using manual analysis with TMS rules will come to the exact same conclusion as the indicator...
I got PM asking about trend determination with previous Highs and Lows (BigE’s TMS price action of post #647)

One of the ways is using Highs and Lows and wait for a LHLL or HHHL to form. Then enter with TDI cross in that direction.

As BigE mentioned, a swing is >3 HA candles of same color.

Attached Image (click to enlarge)
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Picking price level to wait for retest is to further reduce chart time and pinpoint the time to analysis and enter trades.

I am currently travelling in Japan, so the sharing will wait. Have a nice weekend everyone.


====
Trading Made Simple 3 year summary
___________________
TMS Method rules: #144535
Performance track on an account (~950 trades / TMS setups): #144517 #129706, #144,852
TMS entry accuracy: #144,836, #144,853
__________________
  • #145,214
  • Jan 12, 2024 5:51am Jan 12, 2024 5:51am
Quoting tommydoginti
{quote} BigE’s favourite TDI signal is retracement from 68 or 32. for TMS traders who prefer to have very little exposure to the market, you can only set TDI signals with 68/32 retracement at times. Coupled with the Price Action in post #647 for trend direction. {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (~950 trades / TMS setups): #144517...
Another example of TDI at 68/32 retrace.

Couple with Price Action of #647.

Attached Image (click to enlarge)
Click to Enlarge Name: C2B43F11-1874-46B0-B7DB-77303CFC8D66.jpeg Size: 888 KB



====
Trading Made Simple 3 year summary
___________________
TMS Method rules: #144535
Performance track on an account (~950 trades / TMS setups): #144517 #129706, #144,852
TMS entry accuracy: #144,836, #144,853
__________________
  • #145,215
  • Jan 12, 2024 6:00am Jan 12, 2024 6:00am
Quoting tommydoginti
{quote} Another example of TDI at 68/32 retrace. Couple with Price Action of #647. {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (~950 trades / TMS setups): #144517 #129706, #144,852...

Trading Made Simple 5-Method - without indicator, for advanced 5-Method traders ...

Big E #post 2617

https://www.forexfactory.com/thread/...trading-system


GU Jan12 sell post-UK GDP data release,

https://www.forexfactory.com/thread/...5#post14717225

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan12 sell reject candle12-1-2024 7-05-43 pm.png Size: 18 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,216
  • Jan 12, 2024 6:05am Jan 12, 2024 6:05am
Quoting tommydoginti
{quote} I got PM asking about trend determination with previous Highs and Lows (BigE’s TMS price action of post #647) One of the ways is using Highs and Lows and wait for a LHLL or HHHL to form. Then enter with TDI cross in that direction. As BigE mentioned, a swing is >3 HA candles of same color. {image} Picking price level to wait for retest is to further reduce chart time and pinpoint the time to analysis and enter trades. I am currently travelling in Japan, so the sharing will wait. Have a nice weekend everyone. ==== Trading Made Simple 3 year...

GU Jan12 H1 UK GDP date release

- using TMS_V19 template

- Price Action post #647 ... big candle BEEOB ... alert 2 minutes before candle closed.

> it really so simple provided you have the experience and know what to trade and when to trade,

> that is nothing to it ... it is rules-based discretionary trading,

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan12 H1 TMS_19 12-1-2024 8-02-31 pm.png Size: 45 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,217
  • Jan 12, 2024 7:37am Jan 12, 2024 7:37am
Quoting tommydoginti
{quote} Another example of TDI at 68/32 retrace. Couple with Price Action of #647. {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (~950 trades / TMS setups): #144517 #129706, #144,852...

Buyers of GU would be reaping good profit.

TMS example with TDI cross up from 32 retrace with prev L rejected

have a nice weekend everyone
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  • #145,218
  • Jan 12, 2024 8:06am Jan 12, 2024 8:06am
Big E' Trading Made Simple 5-Method Hindsight Trading Training Chart

- Price Action ... Learn to read your candles ... works in all timeframes,

- Bullish Engulfing Bar BUEB

- big candle, small candles, .... CONSOLiDATION

- Big candle, small candle, smaller candle ... Double Inside Bar

- BUEOB candle POP-Gun setup


Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan12 US PPi news trade 12-1-2024 9-53-20 pm.png Size: 64 KB







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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,219
  • Jan 12, 2024 8:26am Jan 12, 2024 8:26am
Quoting tommydoginti
{quote} Buyers of GU would be reaping good profit. TMS example with TDI cross up from 32 retrace with prev L rejected have a nice weekend everyone {image}

NZDUSD

Same approach, TDI signals with TMS price action.

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  • #145,220
  • Jan 14, 2024 4:17am Jan 14, 2024 4:17am
Quoting tommydoginti
{quote} Buyers of GU would be reaping good profit. TMS example with TDI cross up from 32 retrace with prev L rejected have a nice weekend everyone {image}
A very occupied weekend skiing at Karuizawa, Japan.
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On Friday I had a GU sell hitting TP after midnight.
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TMS rules as usual - TDI sell signal as price rejected from previous High.
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