Hi Emmanuel, thank you for your help. I really enjoyed reading Big E's posts - he was such a humorous trader and a great writer. My very first trade according to the TMS 5 method, the price on the red line was my entry and the price on the purple line was my exit. I don't need to exit, but I just existed after four hours (it was morning time in Sydney, need to get ready for work). {image}
@TuscanSun
Good trade ... its good your read Big E' posts and work on to solve the Trading Made Simple puzzle.
> Top most important is the Price Action post #647 ... the 5-Method' swing highs, swing lows, and the True REVERSAL setup, 5EMA slope is a bonus as the direction, #1718, #261, + all other Big E' posts
> Next, is the Stoch signal #261
> The TDI is a helping indicator#202
>>> It is the 5-Method and when you have mastered the 5-Method you will go onto to bigger things and greater success #2617.
>>> Think Out of The Box
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
I'll only enter if the candles are medium length or larger... wish me luck ...
! Even if I haven't posted here more due to lack of time, I have been reading along - and, more importantly, I trade more or less regularly TMS M30, mostly EURAUD and EURUSD, where I am now profitable with (real account, no demo) - despite my entries are often too late, again due to working hours. So I'm still interested in higher TF, but I haven't managed to get out of the red here. Maybe I should try again... waiting eagerly for my retirement ;-)
