TMS Monitor Jan30 - 4Hr and 1Hr - will close soon ... in 10minutes {image}
{quote} BigE’s TMS method with TDI signals confirmed with price action. Previous highs and lows TDI cross signals BigE’s favourite TDI retracing from 32/68 can be applied with price levels to determine entry and exit points. {image}
{quote} TMS_EVO_IX Week 05, Jan 29 to Feb 02 - BTCUSD , add-on positions manually - continue with EU, GU, EA, GC and CJ pairs https://www.forexfactory.com/thread/...1#post14723681 https://www.forexfactory.com/thread/...4#post14718704 {image} ...
{quote} {image} More on BigE’s favourite TDI retracing from 32/68 with price actions to trade TMS setups. {image}
{quote} {image} More on BigE’s favourite TDI retracing from 32/68 with price actions to trade TMS setups. {image}
{quote} GU Trading the Daily choppy market conditions. - continues into week 05, Jan 29 to Feb 02.... - no need to spend too much time staring at your mobile screen and over analyze the price action, - rather spend my time going about my daily activities and manually check my 4Hr for trades - let TMS EA run in a VPS or in your home PC with internet connected. You can monitor your trades on you mobile which is optional. - will be watching the news and events calendar this week for potential change in the Market Type ... just in case I need to change...
{quote} {image} I got PM asking about the trend trading aspect of BigE’s TMS method. Follow BigE’s advice of a swing being >3 HA candles of same color, identify LHLL formation with previous highs and lows. Sell at TDI cross down. SL prev H TP at next low or further as choice {image}
{quote} {image} I got PM asking about the trend trading aspect of BigE’s TMS method. Follow BigE’s advice of a swing being >3 HA candles of same color, identify LHLL formation with previous highs and lows. Sell at TDI cross down. SL prev H TP at next low or further as choice {image}
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
{quote} Same on AU. TDI 68 cross down LHLL with TDI crossing down {image}
{quote} its is the same for AU Weekly > Sideways Ranging ... Daily > Sideways choppy H4 > No trading under the above conditions {image} {image} >>> Go find another pair ...
{quote} Any tentative timeframe to expect the readiness? Can't wait to try it out
{quote} {image} I got PM asking about the trend trading aspect of BigE’s TMS method. Follow BigE’s advice of a swing being >3 HA candles of same color, identify LHLL formation with previous highs and lows. Sell at TDI cross down. SL prev H TP at next low or further as choice {image}
{quote} {image} In BigE’s TMS method, price action confirmation can help pick the right TDI signals to trade. previous highs and lows can define the levels to wait for a TMS setup. When price are rejected and reverses, enter when TDI crosses. {image}
{quote} - still the same mistakes most new traders make everyday ... self-sabotage - trading the TDI signals blindly - not waiting for the best A+++ trade setups - not following the higher timeframes market type conditions - not following trading business hours - not checking news and economic event > after two consecutive down 'waves' ... that pullback is NOT a buy setup, it is a 'fakey' as mentioned by the OP. > John Hayden will tell your how to avoid those "price-momentum discrepancy" {image} TMS charts - Weekly is ranging sideways - Daily is...
/// All time frames work equally well... however the lower time frames move faster.The lower the time frame the more fake outs you'll get too... that's one of the reasons why I encourage people to trade longer time frames. I prefer 1 &4 hour as well as the daily. The higher you go the less news has a big impact too... ex. 4hr and daily. If a trend pulls back and then continues I like to enter on the second candle after consulting the TDI. //...
{quote} TMS Monitor Jan30 London 7:42am - very clear there is no setup during this current 4Hr - so we wait for the next 4Hr trade window London 10am {image}
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{quote} {image} In BigE’s TMS method, price action confirmation can help pick the right TDI signals to trade. previous highs and lows can define the levels to wait for a TMS setup. When price are rejected and reverses, enter when TDI crosses. {image}
{quote} Another question regarding BigE’s TMS price actions. I have explained how each Price Action elements in #647 work in confirming the TDI signals as valid TMS setups. just my suggestion, BigE’s Trading Made Simple is using very few PA confluences, so it is effective in filtering yet don’t have contradicting signals. For instance I am using 4 elements. 1. Previous highs and lows —> determine market condition and trade plan 2. Trend —> long or short term bias, SLTP setting 3. Type of Rejections —> confirmation and get ready for trade execution...
{quote} As long as GU continues sideways choppy I will make more money with my expert advisor doing all the trading for me. I do not need to keep analyzing my chart every 15-minutes for setup. {image}
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{quote} Some more PM on managing trade with TMS method. as per BigE’s posts, there are a few ways. One way is positions are closed when price pulls back to entry levels. I use previous highs and lows (price action in post #647) to determine TP level. SL at previous high/low, same as BigE. As TMS traders enter in direction of trend, anticipation is price will reach previous H/L, and probably go beyond and forms HH/LL. One of my ways is set SL to BE+ at first level and TP at next level. {image} Example on GU. 3 winners 2 Breakevens. {image}
{quote} Some more PM on managing trade with TMS method. as per BigE’s posts, there are a few ways. One way is positions are closed when price pulls back to entry levels. I use previous highs and lows (price action in post #647) to determine TP level. SL at previous high/low, same as BigE. As TMS traders enter in direction of trend, anticipation is price will reach previous H/L, and probably go beyond and forms HH/LL. One of my ways is set SL to BE+ at first level and TP at next level. {image} Example on GU. 3 winners 2 Breakevens. {image}
Johnami, The stochs is like comfort food... makes me feel more sure of my trade when it & the TDI agree... If they don't... I hesitate and take a closer look... smaller time frames, older PA, trend lines... things like that... just do more investigation before taking the trade...
