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Trading Made Simple

  • #145,341
  • Jan 23, 2024 3:35am Jan 23, 2024 3:35am
Quoting emmanuel7788
{quote} TMS Monitor London 11:30am UPDATE: {image} {image}

Trading Made Simple 5-Method with Expert Advisor,

- to supplement the usual manual trading,

- no need any technical analysis,

- just follow market type conditions,

- learn how to operate MT4 expert advisor and handle the trades,



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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,342
  • Jan 23, 2024 3:49am Jan 23, 2024 3:49am
Big E : you can trade the 5-Method without the TDI

#3044Jan 20, 2011

#3103Jan 26, 2011

#3418Feb 12, 2011

#2617May 16, 2011

Those wanting to learn how to trade without the 5-Method without any indicator,

can learn how to trade Malaysian SnR as a possible option to consider.

Inserted Video



see my post here:

https://www.forexfactory.com/thread/...7#post14728077

https://www.forexfactory.com/thread/...4#post14728174

https://www.forexfactory.com/thread/...7#post14728387
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,343
  • Jan 23, 2024 5:09am Jan 23, 2024 5:09am
Quoting tommydoginti
{quote} GU sell closed with TP. {image} {image}
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TMS method for the GU sell.

TDI cross down as price rejected from previous high. Retrace of TDI from 68

Got alert of this on my phone and entered trade

SL prev H
TP one price level away

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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
Risk management: #145,224
TMS entry accuracy: #144,836, #144,853
__________________
  • #145,344
  • Jan 23, 2024 5:23am Jan 23, 2024 5:23am
Quoting tommydoginti
{quote} {image} {image} TMS method for the GU sell. TDI cross down as price rejected from previous high. Retrace of TDI from 68 Got alert of this on my phone and entered trade SL prev H TP one price level away {image} {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (~950 trades / TMS setups): #144517 #129706,...
PM on number of trades per day.

For my personal account, it is usually 0-2 positions a day. prop firm account is 1-4 trades per week (trading at higher timeframe)

One good trade will make the day. There are multiple TMS setups everyday, I just pick those and trade when I have time.

My risk is <1% per trade with SL at previous high/low

2 trades yesterday and 1 trade earlier today.
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  • #145,345
  • Jan 23, 2024 5:30am Jan 23, 2024 5:30am
Quoting havenoidea
Audusd is looking good for shorting {image}
Hi Havenoidea,

If you analyse the AU chart with TMS price actions, the uptrend is the direction to trade. post #647

Price can stop trending and consolidate as we saw today, but it is not necessary a reversal to downtrend.

You either stay sideline or keep buying from previous lows

Trade well.

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  • #145,346
  • Jan 23, 2024 7:41am Jan 23, 2024 7:41am
Quoting tommydoginti
{quote} Hi Havenoidea, If you analyse the AU chart with TMS price actions, the uptrend is the direction to trade. post #647 Price can stop trending and consolidate as we saw today, but it is not necessary a reversal to downtrend. You either stay sideline or keep buying from previous lows Trade well. {image}
thanks for you advices, but no thanks
Gbpjpy went sideway as i said. it is true
Audusd it's bearish.
i need to work on entry at right time. that's all
  • #145,347
  • Jan 23, 2024 3:23pm Jan 23, 2024 3:23pm
Quoting eelfranz
/... Forex trading is lonely and boring in most cases unless your scalping on the low charts... then it's fast action and terrifying sometimes... I switched to trading 4 hour and Daily charts so I didn't have to sit at the screen all day... and it works for me...
Reading the OP' posts in Forex Factory can stimulate the mind and gave me a lot of trading ideas when I am developing new systems.

Before I retired, I thought it I would have more time every day to day trade sitting in front of my trading computer. Now after 15 years, I was wrong. I dont need to sit in front of my trading computer for longer than just one hour a day.

Semi-automated trading is the way to go. It is the same as "set-and-go" , you run your semi-auto EA trading and let it run on its own.

At the end of the week, spend just 10-minutes for each of the 28 trading pairs and review the Markey Type and update the Big Picture.

Once you know the pairs' Big Picture and Market Type, you make your trade plan for the following week. You do not need to sit in front of your trading computer or stare into you small mobile screen looking for trades.

The market will open every Sunday at EST 5pm , your expert advisor will look for trades on its own. You only have to peek at your trading platform once every 4 hours and check your trades progress. You can focus on doing your day job and avoid being fired by your boss.

Diversification is a good way to make some money with your trading capital and generate additional income and cash flow to supplement your day job.


GU Week04 Jan 23

- Daily is choppy market conditions, great to trade-both-ways now. When it decides to trend in one direction, we follow with the trending Market Type strategy.

- trades are independent of the chart timeframes, no need for indicators signals, no need to chart analysis looking for trade setups.

- We trade the Market Types ,
I is for Trending market,
II is for Sideways Wide Range,
III is for Sideways Narrow Range,

- Once you know the Market Type I, II or III, you can trade and make some extra money.

- know your amount of money risk and let the EA run, cut-loss when it is time to do so.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,348
  • Jan 23, 2024 3:28pm Jan 23, 2024 3:28pm
Quoting havenoidea
{quote} thanks for you advices, but no thanks Gbpjpy went sideway as i said. it is true Audusd it's bearish. i need to work on entry at right time. that's all
People think the JPY would weaken in the 08’ are finally right after 5 years.

Timing is the factor to determine if your trades are profitable. (“TDI is heart of method”)

I was with you on XXXUSD pairs going weak. I sold GBPUSD yesterday too.
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We are in the TMS thread, and I just shared that with TMS rules, when you shared a “sell opportunity”, it was a TMS buy setup.

The TMS sell setup is 6 hours later and 17 hours to revisit 0.6568.
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good luck.
  • #145,349
  • Jan 23, 2024 3:34pm Jan 23, 2024 3:34pm
Quoting tommydoginti
{quote} PM on number of trades per day. For my personal account, it is usually 0-2 positions a day. prop firm account is 1-4 trades per week (trading at higher timeframe) One good trade will make the day. There are multiple TMS setups everyday, I just pick those and trade when I have time. My risk is <1% per trade with SL at previous high/low 2 trades yesterday and 1 trade earlier today. {image} {image}

@tommydog....

you sure spend a lot of your day job working time just for 3 trades.

there are lots of setups like 3 to 6 setups every day like the OP said in his post #7555 and you can make $500 to $1000 with a USD10,000 account.

#7555
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#557

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,350
  • Jan 23, 2024 3:51pm Jan 23, 2024 3:51pm
Quoting tommydoginti
{quote} People think the JPY would weaken in the 08’ are finally right after 5 years. Timing is the factor to determine if your trades are profitable. (“TDI is heart of method”) I was with you on XXXUSD pairs going weak. I sold GBPUSD yesterday too. {image}{image} We are in the TMS thread, and I just shared that with TMS rules, when you shared a “sell opportunity”, it was a TMS buy setup. The TMS sell setup is 6 hours later and 17 hours to revisit 0.6568. {image} good luck.

@tommydog....

You are all over the place jumping from 1-minute timeframe to 5-minute timeframe to 15-minute timeframe and to 1Hr timeframe looking for TDI signals. After-The-Fact chart analysis is always perfect that is why hingsight is 20:20.

Keep It Simple, follow the OP' post#281 and look at the 4Hr for trades....

Of course you want to continue in your belief "TDI is the heart of the method" ... that's okay all the people here started with that same belief in their first 3 years and they all faded away.

Look at @stevepatt. He started with Big E back in 2009 and now he trading without the TDI exactly the way Big E had said in his posts ... you can trade without the TDI for higher success

#3044Jan 20, 2011

#3103Jan 26, 2011

#3418Feb 12, 2011

#2617May 16, 2011

@stevepatt' major breakthrough after more than 9 years.

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

and we have another successful trader @IslandFX ... "No Indicator Trading System"
@IslandFX was also an active member in this thread for a few years. He moved on to higher success.

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

@tommydog... "you can fool some people some of the time, you cannot fool all the people all the time".
I know what you are thinking. I have seen it all in my last 12+years in this thread.


...
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,351
  • Jan 23, 2024 4:18pm Jan 23, 2024 4:18pm
Quoting emmanuel7788
{quote} Its okay when you did not read all his posts. You will never know when he removed the TDI from his trading. I followed his post #2617 and spent two years studying both old charts and realtime live market charts and I spotted a few Price Action setups which I have the confidence to trade without the TDI. I removed the TDI in 2018 and developed TMS EVO. I made money in 2018 and 2019. In 15 months, I made 94.1% with my AUD10,000 live account. In that 15 months live trading...
Reply to PMs.

Related to the above post.

One member who never posted anything in this thread, PM and asked _
" what happened to TMS EVO system and if there is the update to TMS EVO. To provide some trading statistics, if possible....etc."

Yes, there was an 'update' to TMS EVO. It was then simply TMS_EVO_2.0" and I traded that as my system strategy from Oct 2020 to 2021,2022/2023 covering a full 3 years trading cycle.

"Updates" to TMS_EVO
- TMS_EVO_2.0 included US market indices, US30, S&P500 and NASDAQ in addition to the forex pairs
- Trading timeframe mainly 4Hr chart with full view to the Daily and Weekly Price Action and Average Price candles,

> I will post some statistics using Myfxbook later...

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,352
  • Jan 23, 2024 5:15pm Jan 23, 2024 5:15pm
Quoting emmanuel7788
{quote} @tommydog.... you sure spend a lot of your day job working time just for 3 trades. there are lots of setups like 3 to 6 setups every day like the OP said in his post #7555 and you can make $500 to $1000 with a USD10,000 account. #7555 {image} #557 {image} ...

Hi TMS hater,

Exactly the opposite. I would say I probably spent less time analysing the chart than typing this reply, probably 10-15 seconds

As I have mentioned, I trade with my phone when I work and travel. Setting up alerts is good to reduce chart time by a lot.

As BigE mentioned, there are 3-6 TMS setups everyday on each pair.
I only need one to two to make my day. The rest of the time I can do something else.

good luck
  • #145,353
  • Jan 23, 2024 5:21pm Jan 23, 2024 5:21pm
Quoting tommydoginti
{quote} Same for AUDUSD. BigE has mentioned that TMS method is to trade away from previous highs and lows and in direction of trend You can look for TMS sell setups later. {image} {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (~950 trades / TMS setups): #144517 #129706,...
BigE’s TMS method uses TDI signals as trade timing and price action to confirm direction and area to trade.

One way to start is to wait for trend to confirm using previous highs and lows. Then enter trades in direction of trend upon TDI signals

TMS trades are mostly in profit when in position, giving traders more flexibility in managing them.

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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
Risk management: #145,224
TMS entry accuracy: #144,836, #144,853
__________________
  • #145,354
  • Jan 23, 2024 5:47pm Jan 23, 2024 5:47pm
Quoting tommydoginti
{quote} Hi TMS hater, Exactly the opposite. I would say I probably spent less time analysing the chart than typing this reply, probably 10-15 seconds As I have mentioned, I trade with my phone when I work and travel. Setting up alerts is good to reduce chart time by a lot. As BigE mentioned, there are 3-6 TMS setups everyday on each pair. I only need one to two to make my day. The rest of the time I can do something else. good luck



its so easy to trigger that nerve in your head.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,355
  • Jan 23, 2024 5:57pm Jan 23, 2024 5:57pm
Quoting tommydoginti
{quote} BigE’s TMS method uses TDI signals as trade timing and price action to confirm direction and area to trade. One way to start is to wait for trend to confirm using previous highs and lows. Then enter trades in direction of trend upon TDI signals TMS trades are mostly in profit when in position, giving traders more flexibility in managing them. {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account...

@tommydog....

Your hindsight TMS analysis always look perfect ... yet you missed the Basic forex trading stuff mentioned in post #647 ... the Price Action, Support & Resistance, the big candles, small candles, the reversal setups with Stoch(8,3,3) with %K cross %D signals, etc. post#261

But you did not learn anything in your last three 3 years and that is so obvious in your 3 years past performance.

You need to spedn the next 2 to 3 years and learn to read the candles on your charts and see what the candles are yelling at you.

Big E #8906

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Big E #731

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Big E #3689
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,356
  • Jan 23, 2024 5:59pm Jan 23, 2024 5:59pm
Today is another good day to trade and make some money.

London local time.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,357
  • Jan 23, 2024 8:52pm Jan 23, 2024 8:52pm
Quoting emmanuel7788
Today is another good day to trade and make some money. London local time. {image}
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...
Today is news trading,

even when I trade around news time I trade the 4Hr


Quoting eelfranz
///
I don't trade around news time...
Not using a S/L on the 1hr is my choice... do what you feel safe with...
I don't refresh my TDI after I enter a trade...
I only look for the best set ups and trades.

Quoting eelfranz
//I don't pay much attention to news when trading the 4 hr or Daily charts. On the 5 & 15m charts it can kill you however. ///.




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,358
  • Jan 23, 2024 8:58pm Jan 23, 2024 8:58pm
Quoting emmanuel7788
{quote} Today is news trading, even when I trade around news time I trade the 4Hr {quote} {quote}[/highlight] ... {image}

EJ Jan24 PMI data

- nothing will change after the data release

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,359
  • Jan 23, 2024 8:59pm Jan 23, 2024 8:59pm
Quoting emmanuel7788
{quote} Today is news trading, even when I trade around news time I trade the 4Hr {quote} {quote}[/highlight] ... {image}

EU Jan24 PMI data

- follow Weekly and Daily

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,360
  • Jan 23, 2024 9:02pm Jan 23, 2024 9:02pm
Quoting emmanuel7788
Today is another good day to trade and make some money. London local time. {image} ...

EG Jan24

- this should be interesting with EUR and GBP PMI data

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