Nothing to trade during this current 4Hr
- wait for the next 4Hr candle
...
- wait for the next 4Hr candle
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,362
- Jan 23, 2024 10:58pm Jan 23, 2024 10:58pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} {image} You were trading against strong uptrend so losing is not surprising. remember to follow BigE’s TMS rules and trade away from previous highs and lows and in direction of trend. Wait for the up trend to show signs of exhaustion before considering a sell trade well. {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (~950 trades / TMS setups): #144517...
In the previous post, USDCHF was in uptrend with HHHL formation invalidated and buy opportunity ended (green). To trade reversals, a TDI cross down from 68 is considerable to enter the sell.
- #145,363
- Jan 23, 2024 11:18pm Jan 23, 2024 11:18pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} I got PM on the TDI 32/68 retrace when trading TMS. In the previous post, USDCHF was in uptrend with HHHL formation invalidated and buy opportunity ended (green). To trade reversals, a TDI cross down from 68 is considerable to enter the sell. {image}
To set up TDI alerts for 68/32 retrace, on TradingView it can be set as TDI green line crossing (up/down/either) a value of 68 or 32.
It can be changed anytime back to Green crossing Red for next setup.
====
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
__________________
- #145,364
- Jan 23, 2024 11:21pm Jan 23, 2024 11:21pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
XAU Jan24 M30 London 6am 4Hr
TMS 5-Method
Trading with no indicators Big E' post #2617
- strip the Stoch and TDI from your chart
Big E : you can trade without the TDI
#3044Jan 20, 2011
#3103Jan 26, 2011
#3418Feb 12, 2011
#2617May 16, 2011
...
TMS 5-Method
Trading with no indicators Big E' post #2617
- strip the Stoch and TDI from your chart
Big E : you can trade without the TDI
#3044Jan 20, 2011
#3103Jan 26, 2011
#3418Feb 12, 2011
#2617May 16, 2011
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,365
- Jan 23, 2024 11:29pm Jan 23, 2024 11:29pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} I got PM on the TDI 32/68 retrace when trading TMS. In the previous post, USDCHF was in uptrend with HHHL formation invalidated and buy opportunity ended (green). To trade reversals, a TDI cross down from 68 is considerable to enter the sell. {image}
USDCHF Jan24 4Hr London 6am
Keep It Simple according to post #647 Top Down Analysis
- big candle, small candles .... CONSOLIDATION @BRN87000
- what do you do in such situations?
> Big E has all the answers to help newbies
>>> go find another pair with the best A+++ setup
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,366
- Jan 23, 2024 11:41pm Jan 23, 2024 11:41pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} To set up TDI alerts for 68/32 retrace, on TradingView it can be set as TDI green line crossing (up/down/either) a value of 68 or 32. It can be changed anytime back to Green crossing Red for next setup. {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (~950 trades / TMS setups): #144517 #129706,...
Folks
That is too troublesome to keep having to change this and change that.
When you want to trade with the TDI, there are several MT4 TDI versions with many alert features and you do not need to make all the changes when the market is open.
Simply open an account with any broker which offers MT4 and MT5, you will have the best of all the TDI versions available.
There is no such nonsense as predictive TDI.
Do not fall for such online scams.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,367
- Jan 24, 2024 12:20am Jan 24, 2024 12:20am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{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,...
TMS’s price action #647, there is no LHLL clean formation yet. Previous lows not broken and rejected.
The direction is buy.
TDI cross up from 32 level.
- #145,368
- Jan 24, 2024 12:40am Jan 24, 2024 12:40am
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} Trend has no clear reverse yet. TMS’s price action #647, there is no LHLL clean formation yet. Previous lows not broken and rejected. The direction is buy. TDI cross up from 32 level. {image}
@tommydog...
You obviously do not understand Big E' 5-Method and what is Trading Made Simple. This thread is not about scalping the M15 chart.
First, read post #281 and make the transition to look at the 4Hr and Daily, then apply the forex trading basics as in post #647 ... top down analysis.
1) Weekly has the control ... that big candle high-low
2) Daily is sideways choppy in narrow range ... obvious ...
If you follow post#281,
then this is what you should be looking at ...
> you are wasting your time trading the M15 intraday "market noise" in trying to impress people here.
>>> go find another pair and pick the best A+++ setups when the market is trending
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,369
- Jan 24, 2024 1:39am Jan 24, 2024 1:39am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{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,...
GU news spike.
Sell opportunity was finished yesterday. An uptrend HHHL formation earlier today completed.
TDI cross up as signal to enter trade
====
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
__________________
- #145,370
- Jan 24, 2024 1:42am Jan 24, 2024 1:42am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Trend has no clear reverse yet. TMS’s price action #647, there is no LHLL clean formation yet. Previous lows not broken and rejected. The direction is buy. TDI cross up from 32 level. {image}
- #145,374
- Jan 24, 2024 4:06pm Jan 24, 2024 4:06pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} When you post using the OP TMS 5-Method charts and template, we can talk again. No more of your TDI M15/H1 VLine nonsense which is not TMS 5-Method. Yes. Tekkies I have grown up trading following Big E' Post#2617 2scoops asked me a long time ago 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,...
> Big E' 5-Method is Price Action trading and you need to learn to read your candles to look for trade setups.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,375
- Jan 24, 2024 4:24pm Jan 24, 2024 4:24pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} To reply a few PMs asking about which 5 method, what setups, how to spot setups, etc. etc. > Big E' 5-Method is Price Action trading and you need to learn to read your candles to look for trade setups. {image} {image} ...
When you study old charts, you will learn Price Behaviour and how oscillators like the Stochastics, RSI and TDI responds to the Price, this is why traders consider oscillators as lagging indicators ... but they do tell their own stories about past Price Behaviour.
It is very important when you trade Big E' 5-Method you must read your candles on your charts.
Example below,
> when price makes 1-2-3 swings, look at the Stoch and TDI
> swing high (1), swing low (2) ....
> then the next swing high(3) which is a lower high than (1),
> both lagging oscillators will show lower highs ,
> note how the Stoch 80- and 20- levels
> note the TDI 70- and 30- levels which are default RSI levels.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,376
- Jan 24, 2024 5:06pm Jan 24, 2024 5:06pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
AU Jan25 M15 scalping
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...
-
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,377
- Jan 24, 2024 6:02pm Jan 24, 2024 6:02pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} AUDUSD follow up. {image}
TDI cross down from 68 level was BigE’s favourite setup. Price rejected from previous high
Price Action of #647, LHLL formation confirms downtrend
Enter at TDI cross down.
SL prev H
exprct price retest previous low
When trade is over, Wait for next trade opportunity.
- #145,378
- Jan 24, 2024 6:03pm Jan 24, 2024 6:03pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
TMS Monitor Jan25 London 2am
- nothing to trade during this 4Hr trade window
...
- nothing to trade during this 4Hr trade window
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,379
- Jan 24, 2024 6:13pm Jan 24, 2024 6:13pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} After buy opportunity expires, is it good to look for sells. TDI cross down from 68 level was BigE’s favourite setup. Price rejected from previous high Price Action of #647, LHLL formation confirms downtrend Enter at TDI cross down. SL prev H exprct price retest previous low {image} When trade is over, Wait for next trade opportunity.
@tommydog....
"TDI cross down from 68 level was BigE’s favourite setup."
You got this wrong. That is not Big E' favourite setup.
Trading the high and low of the TDI is just one of many setup conditions using the lagging RSI/MA and TDI.
Big E also trade when the RSI green price line crosses it 50-level.
Big E has many rules-based discretionary setups which are his top five favourites and those setups have the Stochastics(8,3,3) signals with True REVERSAL candle setups.
Example:
Note, both Stoch and TDI are above their "over-bought" regions and this is when the Market Type condition is Sideway Ranging. These over-bought and over-sold regions reversal do not work in Trending Market Type I.
Traders here need to learn How to determine the various Market Types.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,380
- Jan 24, 2024 6:14pm Jan 24, 2024 6:14pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} @tommydog.... "TDI cross down from 68 level was BigE’s favourite setup." You got this wrong. That is not Big E' favourite setup. Trading the high and low of the TDI is just one of many setup conditions using the lagging RSI/MA and TDI. Big E also trade when the RSI green price line crosses it 50-level. {image} Big E has many rules-based discretionary setups which are his top five favourites and those setups have the Stochastics(8,3,3) signals with True REVERSAL candle setups. Example: Note, both Stoch and TDI are above their "over-bought"...
more examples of Big E old posts,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett