Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,502
- Jan 31, 2024 2:40pm Jan 31, 2024 2:40pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} TMS_EVO_IX ... 2024/2025/2026 Week 04, Jan 22 - Open baskets in these pairs {image} {image}
{quote} TMS-EVO_IX Week 05, Jan 29 to Feb 02 BTC Jan30 - time to add-on more positions, - just make sure all open positions are protected and locked in some profits > Do Not give back to the market more than 50% what the market has given you {image} - continue with EU, GU, EA, GC and CJ pairs https://www.forexfactory.com/thread/...1#post14723681 https://www.forexfactory.com/thread/...4#post14718704 ...
TMS_EVO_IX ... 2024/2025/2026 Trades Closes UPDATE Jan 31
- when we make the transition to trade the 4Hr , Daily and Weekly timeframes, we have many options like for example to use expert advisors to help use manage our trades.
- trading multiple pairs requires a lot of time to manage trades manually
- using expert advisor EAs will help us for example in building up baskets of trades and managing the AEP and stop loss, take profits, etc.
- as the trader, we decide on the Market Type conditions and when to buy and when to sell
- we do not need to sit in front of our computer all the time.
- the EA will alert us based on our personal preferences in the account management
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,504
- Jan 31, 2024 3:12pm Jan 31, 2024 3:12pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} That system cost my $2,999 a bargain price back then in 2007 with 3 days workshop included, live trading sessions with the coach, trade signal service, etc. now its free ... http://www.forexstrategiesresources..../89-cowabunga/ nice process flow chart too included, {image} we should do one for TMS 5-Method.
Answer: NO. I have dropped all indicators based mechanical trading since 2018.
COWABUNGA has many variations and the chart template is below.
It is based on the 4-Hour timeframe and trades are taken on the M15 using the confluence of Price Action, 5 and 10EMA, RSI(9), Stoch(5,3,3) and MACD(12,26,9)
Best trading hours are from Frankfurt-London Open up to New York Close .
..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,505
- Jan 31, 2024 3:44pm Jan 31, 2024 3:44pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Follow up on GU. Follow BigE’s TMS method. Previous highs and lows rejections and reversals TDI cross signals with price action confirmation {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (~950 trades / TMS setups): #144517 #129706, #144,852...
Regarding the inquiries on TDI crossing from 32/68 levels, one of BigE’s favourite setups. These are potential trades for countertrend against price action confirmation as of post #647.
Better way to use as exit and trade planning.
- #145,506
- Jan 31, 2024 4:06pm Jan 31, 2024 4:06pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Trading Made Simple 3 year summary Performance track on an account (~950 trades / TMS setups): #144517 #129706 BigE has laid out the rules of TMS trading method. However, over the years there are many traders who just want the "holy grail" and jump between indicators and methods, adding more and more indicators on the charts, or spending years disputing the TMS method and spreading hate in...
First and most importantly, BigE’s TMS method is not blindly trading every TDI signals. Here all TDI crosses are highlighted
To begin with, trend trading is easiest and safest (as a common idea)
previous highs and lows
trend
Only enter at TDI crosses in direction of established trend
I personally like countertrend more, so I moved on to apply rejections and last reversals. BigE’s favourite TDI 32/68 retrace is used sometimes.
Enter at TDI crosses as price rejected from price levels
Lastly I use alerts providing me actionable notifications like above.
BigE’s post #2
====
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, #145,497
TMS entry accuracy: #144,836, #144,853
__________________
- #145,507
- Jan 31, 2024 6:01pm Jan 31, 2024 6:01pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} Forgot to mention yesterday ... FOMC {image}
The next 4hours ...
London 2AM
Expert Advisors EAs will still be handling most of my trading tasks and managing trades for me while I go about my daily activities
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,508
- Jan 31, 2024 7:10pm Jan 31, 2024 7:10pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Inquiries on trading reversals and trend trading with BigE’s TMS method and how to apply the price actions in post #647 First and most importantly, BigE’s TMS method is not blindly trading every TDI signals. Here all TDI crosses are highlighted {image} To begin with, trend trading is easiest and safest (as a common idea) previous highs and lows trend Only enter at TDI crosses in direction of established trend {image} I personally like countertrend more, so I moved on to apply rejections and last reversals. BigE’s favourite TDI 32/68 retrace...
To reduce chart time, set alerts to the TDI signals fulfilling Price Action confirmation.
TDI cross signals with price action confirmation as #647
- #145,509
- Jan 31, 2024 9:05pm Jan 31, 2024 9:05pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} The next 4hours ... London 2AM {image} Expert Advisors EAs will still be handling most of my trading tasks and managing trades for me while I go about my daily activities
...
London 2AM 4-hour trade window,
if you strictly follow Price Action and the Primary and Intermediate trends, then you have a few potential trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,510
- Jan 31, 2024 9:13pm Jan 31, 2024 9:13pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} London 2AM 4-hour trade window, if you strictly follow Price Action and the Primary and Intermediate trends, then you have a few potential trades. {image} {image}
Price Action + Support&Resistance is more important than any TDI cross signal
GU Feb01 M15 Price Action setup with H1 bearish Piercing candle,
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,511
- Jan 31, 2024 11:13pm Jan 31, 2024 11:13pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} Price Action + Support&Resistance is more important than any TDI cross signal GU Feb01 M15 Price Action setup with H1 bearish Piercing candle, {image}
...
GU Feb01 London 7am
Follow up with H4 setup after the last H1 setup
Learn how to read your candles in all timeframes ...
Do not be bothered with lagging oscillators - like the TDI in over-sold 32-level ...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,512
- Jan 31, 2024 11:25pm Jan 31, 2024 11:25pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} A member PM regarding this old post on COWABUNGA and if I still trade this system. Answer: NO. I have dropped all indicators based mechanical trading since 2018. COWABUNGA has many variations and the chart template is below. It is based on the 4-Hour timeframe and trades are taken on the M15 using the confluence of Price Action, 5 and 10EMA, RSI(9), Stoch(5,3,3) and MACD(12,26,9) Best trading hours are from Frankfurt-London Open up to New York Close . {image}
..
GU Feb01 M15
- blending Big E' 5-Method with COWABUNGA ...
> Big E on 'blending' post#169 #148
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,513
- Feb 1, 2024 12:54am Feb 1, 2024 12:54am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{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}
BigE’s TMS method can enter trades with high probability of price going in direction of trade. In BigE’s words, price picks up momentum upon TDI signals.
BigE mentioned a few ways to manage and close trades. Which to use is up to traders’ choice. Obviously trades in profit are easy to manage.
I just see I forgot to include the price movement after TMS entries in my 3-year summary, will update soon. There is a statistics of 65% trade accuracy in my previous post
====
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, #145,497
TMS entry accuracy: #144,836, #144,853
__________________
- #145,514
- Feb 1, 2024 1:22am Feb 1, 2024 1:22am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Keep my hands off these JPY pairs
- post #647, big candle small candles
- these pairs are not trending ... Keep It Simple
- go look at pairs which are Trending
- this week is Month-End and it is shadow trading.
Market Trends
Make sure the pairs you pick and the trade setups have potential to run 8 to 15 candles and a minimum Risk to Reward of 1 to 2 at minimum.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,515
- Feb 1, 2024 2:37am Feb 1, 2024 2:37am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Addressing PM questions on TP setup. BigE’s TMS method can enter trades with high probability of price going in direction of trade. In BigE’s words, price picks up momentum upon TDI signals. {image}{image} BigE mentioned a few ways to manage and close trades. Which to use is up to traders’ choice. Obviously trades in profit are easy to manage. I just see I forgot to include the price movement after TMS entries in my 3-year summary, will update soon. There is a statistics of 65% trade accuracy in my previous post ==== Trading Made Simple...
More on the BigE’s favourite TDI retrace from 32/68 level on trade planning.
- #145,516
- Feb 1, 2024 3:11am Feb 1, 2024 3:11am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} USDCAD. More on the BigE’s favourite TDI retrace from 32/68 level on trade planning. {image}
USDCAD after FOMC ...
Keep It Simple : Follow price action. HA candles above its 5EMA,
Target BRN 13500
Weekly Sideways Wide Range Market Type II ... good for TMS_EVO_IX money management strategy.
TMS_EVO_IX 2024/2025/2026 3 years-trading-cycle
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,517
- Feb 1, 2024 3:33am Feb 1, 2024 3:33am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} USDCAD after FOMC ... Keep It Simple : Follow price action. HA candles above its 5EMA, Target BRN 13500
TMS_EVO_IX Multiple Entries
> use M5 Price Action for entries
> its the same as Big E' 21/233 Method for multiple entries
Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 and Post#2912 Post#2193
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,518
- Feb 1, 2024 4:07am Feb 1, 2024 4:07am
- Joined Oct 2020 | Status: Trader | 3,886 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,...
BigE’s TMS uses TDI signals for entry timing. To only receive actionable alerts traders can use price action in post #647 to confirm trade area and direction.
Only care about TDI cross down in sell opportunity.
Previous highs and lows are helpful to further filter the TMS setups.
- #145,519
- Feb 1, 2024 5:34am Feb 1, 2024 5:34am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} About setting alerts for TMS setups. BigE’s TMS uses TDI signals for entry timing. To only receive actionable alerts traders can use price action in post #647 to confirm trade area and direction. Only care about TDI cross down in sell opportunity. Previous highs and lows are helpful to further filter the TMS setups. {image}
Big E' TMS 5-Method has lot more information than just the TDI.
All the settings and alerts are in TMS_V19 Expert Advisor according to post #261 and post #647
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,520
- Feb 1, 2024 5:43am Feb 1, 2024 5:43am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
AU Feb01 H1 NY Open
- TMS_V19 EA
- wait for candle to close
- and the candle pattern setup alert
...
- TMS_V19 EA
- wait for candle to close
- and the candle pattern setup alert
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett