Disliked{quote} Hi AngryAces, Trading for 2 H4 candles (8 hours in market) was one routine BigE used to trade. He also mentioned a few other ways to exit the trades in the TMS method. With this in mind, also with BigE mentioned a swing to him is >3 candles, I investigate on that. The native profit probability is about 78% in statistics from past 3 years. With proper trade management, going to 85% as BigE mentioned is not impossible. The catch with the 2 H4 exit approach is the profit and drawdown being unmonitored. detail...Ignored
- #145,583
- Feb 8, 2024 6:22am Feb 8, 2024 6:22am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} Thank you very much. I appreciate it and will analyze this further!
I have been here for 12+ years and most people did not fully understand what the 5-Method is. People confused this thread' title Trading Made Simple as the system which it is not.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,584
- Feb 8, 2024 10:31am Feb 8, 2024 10:31am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Thank you very much. I will look into this further.
The probability of trades in profit after 2 bars from entry at any timeframe is quite consistent. For example for the last 90 days on GU H1. “Safe” means in profit after 2 bars.
good entry on your AU. Trade well.
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Trading Made Simple 3 year summary
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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, #145,555
__________________
- #145,585
- Feb 8, 2024 10:37am Feb 8, 2024 10:37am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} This week is not trading as preparing for the Chinese New Year! Green pips to everyone. {image} Some more TMS setups with TDI signal confirmed by price action {image}
Follow up on UJ.
BigE’s favourite TDI retrace from 68/32 level, can be used for entry as well as exit of opposition direction
TDI cross signals confirmed by Price Action from post #647
USD strength also shown in AU TMS sell setups
- #145,586
- Feb 8, 2024 8:36pm Feb 8, 2024 8:36pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} UJ Feb06 UPDATE: - Weekly big candle still has the control - IF bulls can break that Monthly SnR level, it would be good for a move up tp make a new high - but next target is 150.50 and it will be rough going between 148.75 and that 151.67 - buy only may work out with TMS_EVO_IX expert advisor trading {image} ...
UJ Feb09 UPDATE
- surprise move up ahead of the Asian markets holidays
- breaking the Weekly range high 148.80 and the MN SnR 148.75
- next possible target just above current PA ... Daily SnR 149.57ish
Weekly
Daily
> LTF shorts are possible at Daily SnR 149.57, be nimble with SL 1R and TP 5R
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,587
- Feb 8, 2024 8:52pm Feb 8, 2024 8:52pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} TMS_EVO_IX Week 06, Feb 05 to Feb 09 UPDATE: - Closed baskets/positions Feb 02 New York 5pm Close {image} Open baskets/positions as of today Feb 05 Tokyo Open 9am AUDUSD EURUSD GBPUSD USDCAD EURAUD GBPCAD CHFJPY XAU BTC
...
- great bullish week for BTC
- huge profit contributor to TMS_EVO_IX traders
- swing traders target the MN SnR levels (violet lines)
Weekly
Daily
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,588
- Feb 9, 2024 2:36am Feb 9, 2024 2:36am
- Joined Jul 2012 | Status: Trader | 1,006 Posts
Gbp/cad could be a good place to sell
- #145,589
- Feb 9, 2024 2:58am Feb 9, 2024 2:58am
- Joined Jul 2012 | Status: Trader | 1,006 Posts
Gbp/cad pourrait être un bon endroit pour vendre {image}
we could aim for the blue rectangle and see at that moment if stop or still
- #145,590
- Feb 9, 2024 3:05am Feb 9, 2024 3:05am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} GJ Feb08 H1 Intraday - a good breakout of the Daily candle - 153 pips hitting ADR High today {image} ...
GJ Feb09 H4 London 9am
- into its 13th HA candle after the last reversal
- can possibly lose steam and we observe the Price Action now to see if it become toppisch and
- the Stoch starts show the 'weakness' of its %K and %D ...
- do not count on a strong bearish reversal anytime soon fundamentals and market sentiments dictate the rally
- these two gentlemen has to a lot to say over long weekend
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,591
- Feb 9, 2024 3:08am Feb 9, 2024 3:08am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,593
- Feb 9, 2024 5:45am Feb 9, 2024 5:45am
- Joined Jul 2012 | Status: Trader | 1,006 Posts
{quote} nous pourrions viser le rectangle bleu et voir à ce moment-là si nous nous arrêtons ou sommes toujours {image}
- #145,594
- Feb 10, 2024 4:51am Feb 10, 2024 4:51am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} TMS_EVO_IX Week06 UPDATE: - great bullish week for BTC - huge profit contributor to TMS_EVO_IX traders - swing traders target the MN SnR levels (violet lines) Weekly {image} Daily {image} ... {image}
some more room for upside next week when the major markets re-open.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,595
- Feb 10, 2024 4:59am Feb 10, 2024 4:59am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} This 'Dragon' has it good run into 13 candles... GJ Feb09 H4 London 9am - into its 13th HA candle after the last reversal - can possibly lose steam and we observe the Price Action now to see if it become toppisch and - the Stoch starts show the 'weakness' of its %K and %D ... - do not count on a strong bearish reversal anytime soon fundamentals and market sentiments dictate the rally {image}
- these two gentlemen has to a lot to say over long weekend {image}...
GJ Feb09 New York 5pm Close
> next week, must wait for the best A+++ trade setup
> high probability it will go sideways for a few H4 candles ...
> do not jump in simply because the TDI green crosses red ...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,596
- Feb 10, 2024 5:11am Feb 10, 2024 5:11am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,599
- Feb 10, 2024 8:55pm Feb 10, 2024 8:55pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #145,600
- Feb 10, 2024 9:06pm Feb 10, 2024 9:06pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} I think you are right on gbpaud I see it going to 1.96 shortly
GBPCAD Week07 Feb12 to Feb16
- range bound market ... there will be no 3 to 8 candles swings
- TMS 4Hr will fail
- look for sideways wide range market type where we can get swing of more than 8 candles
> +9R to +12R type of trade profits
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett