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Trading Made Simple

  • #145,661
  • Feb 19, 2024 4:08am Feb 19, 2024 4:08am
[quote=thomi;14761056]
Quoting emmanuel7788
{quote} sur le chandelier H4 proche de 1,0663 serait sûr... le risque est ce soir lors de la séance de New York et après la clôture de Londres... passer à BE+ risquerait d'être stoppé. ...[/citation] ok emmanuel I sent you a PM

OK !

will check later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,662
  • Feb 19, 2024 4:09am Feb 19, 2024 4:09am
I should still let it go but I liked that it only has one wick and it is a second candle, what do you think? Is it correct?
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  • #145,663
  • Feb 19, 2024 4:11am Feb 19, 2024 4:11am
Quoting emanuel7788
{quote} ETH Feb19 H1 pre-NY Open - with the transition to trade the 4hour trade window - looking for H1 setup without any rejection candle - new H4 SnR 2916.44. {image} ...

MN SnR 2970.84 target not far away ...

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,664
  • Feb 19, 2024 4:17am Feb 19, 2024 4:17am
Quoting javipenjamo
I should still let it go but I liked that it only has one wick and it is a second candle, what do you think? Is it correct? {image}

Now that you made entry there is no time to regret, Just manage the trade.

I see a BUEOB candle setup. But the market type condition is sideways narrow range choppy.
There is no 4Hr setup with continuation hence this is the risk.
H1 PA is against the H4.

EG Feb 19 H1 big picture

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,665
  • Feb 19, 2024 4:24am Feb 19, 2024 4:24am
Trading Made Simple 5-Method

Learn to pick trending market type condition .... Monthly > Weekly > Daily

Trade in the direction of the Weekly > Daily

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,666
  • Feb 19, 2024 4:39am Feb 19, 2024 4:39am
I still went to page 86, that's why I still lack information about the system. For now, I'm practicing what I saw so far.
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  • #145,667
  • Feb 19, 2024 4:48am Feb 19, 2024 4:48am
Quoting javipenjamo
I still went to page 86, that's why I still lack information about the system. For now, I'm practicing what I saw so far. {image}
GBPCAD Feb19 H1
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...
H4
- not ready at the moment

- IF H4 is ready to support the H1, then all will be good later

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,668
  • Feb 19, 2024 5:32am Feb 19, 2024 5:32am
Quoting tommydoginti
{quote} {image} More on applying BigE’s TMS method price action from post #647. Another example in GU Last reversals {image}
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Answering inquiry on applying BigE’s TMS price action from post #647.

When price retests previous high/low, a weak rejection (weaker than last reversal incidence) would create a higher low. Trend is up at trading timeframe.

Buy at TDI cross up when price rejected from previous low


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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, #145,497
TMS entry accuracy: #144,836, #144,853, #145,555
__________________
  • #145,669
  • Feb 19, 2024 5:50am Feb 19, 2024 5:50am
Quoting javipenjamo
I should still let it go but I liked that it only has one wick and it is a second candle, what do you think? Is it correct? {image}
Hi Javipenjamo,

According to TMS method rules EG is in sell window at H1 entry timeframe.

Price has been making a lower high lower low formation (start of red session). The previous low level you entered buy has been retested multiple times with weak rejections. If you want to trade, Sell upon TDI cross down to previous low.

The chance of winning a buy position would be wait for a break rejection (fake out).

post #647 is useful in picking the right TDI signal to trade with the swing direction.

trade well

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  • #145,670
  • Feb 19, 2024 7:15am Feb 19, 2024 7:15am
closed operations at the beginning of a new candle, I see how tdi and st get stuck, two-wick candles... that's why I close and keep pips
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  • #145,671
  • Feb 19, 2024 7:20am Feb 19, 2024 7:20am
entry because I interpret tdi that it is getting stronger, st accompanies it, also ascending, watching for the moment of a wick which indicates strength and there is still room until the next resistance
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  • #145,672
  • Feb 19, 2024 9:09pm Feb 19, 2024 9:09pm
Trading Made Simple 5-Method

Feb 20, London 5am

Pick only the best A+++ setup
> know the 10 elements of a A+++ setup


AU Feb 20 H1

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AJ Feb 20 H1

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EJ Feb20 H1

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,673
  • Feb 19, 2024 10:03pm Feb 19, 2024 10:03pm
Quoting thomi
short pris AUDNZD {image}
exit audnzd
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  • #145,674
  • Feb 19, 2024 11:35pm Feb 19, 2024 11:35pm
Quoting javipenjamo
closed operations at the beginning of a new candle, I see how tdi and st get stuck, two-wick candles... that's why I close and keep pips {image}
Some food of thought in when to check and manage TMS trades.

No one can predict the market. A trend can start or stop at any moment regardless what price did in the past candles.

TMS method focuses on entering trades with TDI signals that triggered when price picks up momentum. Combined with Price Action confirmation identify valid TMS entry setups. TMS traders are not to be first in the market, but in the right direction of the market movement.

The TMS entry accuracy has been consistent. Looking at the TMS setups, more than 75% would be in profit after 2 candles (one of BigE’s ways to trade TMS), letting traders to have more flexibility in managing trade to minimise loss. It is in post #145,555

trade well

====
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, #145,555
__________________
  • #145,675
  • Feb 20, 2024 12:14am Feb 20, 2024 12:14am
Quoting thomi
{quote} exit audnzd{image}

why exit using 2Hr?

If your trade was based on 4Hr then manage using the same 4Hr

there is no exit signal and no trade invalidation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,676
  • Feb 20, 2024 12:46am Feb 20, 2024 12:46am
entry because I think it is bouncing off the resistance, tdi and bearish pa. The only thing that makes me distrustful is the stoc, which is very low.
Is my entry correct?
Thank you for your notes friends, I am still learning and it is very useful to me
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  • #145,677
  • Feb 20, 2024 12:47am Feb 20, 2024 12:47am
Quoting thomi
{quote} exit audnzd{image}
Exiting at next previous high/low is a way.

As BigE has mentioned not to enter trade into previous highs and lows, TMS price action in #647 can be used to plan exits. Follow BigE as he stayed on the same timeframe during trading.

trade well

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  • #145,678
  • Feb 20, 2024 1:46am Feb 20, 2024 1:46am
Quoting tommydoginti
{quote} Exiting at next previous high/low is a way. As BigE has mentioned not to enter trade into previous highs and lows, TMS price action in #647 can be used to plan exits. Follow BigE as he stayed on the same timeframe during trading. trade well {image}
Another way to use TDI
Place TDI on the M5 chart, trade on the M1 chart
if you have a TDI mtf use it

buy if TDI M5 is above 50/Middle line, sell if below 50
use the CCI M1 < -100 , TDI M5 > 0 filter to buy
the opposite is true for selling

if you can combine TDI with CCI and other indicators, it will be easier

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  • #145,679
  • Feb 20, 2024 2:25am Feb 20, 2024 2:25am
Quoting Darwati
{quote} Another way to use TDI Place TDI on the M5 chart, trade on the M1 chart if you have a TDI mtf use it buy if TDI M5 is above 50/Middle line, sell if below 50 use the CCI M1 < -100 , TDI M5 > 0 filter to buy the opposite is true for selling if you can combine TDI with CCI and other indicators, it will be easier {image}{image}
TDI below Zero Line
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  • #145,680
  • Feb 20, 2024 2:36am Feb 20, 2024 2:36am
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