{quote} Post #1651 above What did the OP once said about the Stoch above the 80-level? Better not ignore that ... BUT do a more thorough investigation of the overaal Market Type conditions, > check your Daily and Weekly for trend and breakouts, > look for potential to run the trade into +5R, +9R and +12R ... "Let Profits Run" {image} {image} ...
Big day for Euro late at London 1:30PM {image} Will that change the Weekly Market Type conditions... I do not think so. Except for some volatility , it will settle down quickly and we will trade after the LTF 'spike'. {image} ...
Big day for Euro late at London 1:30PM {image} Will that change the Weekly Market Type conditions... I do not think so. Except for some volatility , it will settle down quickly and we will trade after the LTF 'spike'. {image}
...
/// I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.....///
///I trade the US Open first 2-3 hours on the 1 hr charts and then pretty much don't trade again until 10pm my time (2 hours before the London Open) and then it's on the 4 hr charts. I check any trades at 2am my time (Pacific) and then close all 4 hr trades at 6am my time.... and switch to hourly charts again. Some days I don't trade like Sunday or Friday.
{quote} Original TMS Post#1 by the OP @eelfranz EJ Jun07 4Hr Pacific 10PM - we are still in the 4Hr candle - look like a bounce on the TDI' RSI green price line - but what about the Stoch(8,3,3) it looks like an iffy case. {image}
...
This topic has ceased to be an exchange of experiences about the TMS method and has turned into a paper fight and exchange of barbs between two members. Regrettable.
{quote} BE+ hit. Trading LTF does not necessary means many trade positions. This week is just 5 trades for me. {image} {image}(Aug2023~)
{quote} {image} 2nd trade of the week. TMS sell setup on GU. Following BigE’s TMS rules. Retested and rejected from previous price level (previous high) lower high formation Enter at TDI cross down {image} {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (1 position/TMS setup): #144517 #129706,...
This topic has ceased to be an exchange of experiences about the TMS method and has turned into a paper fight and exchange of barbs between two members. Regrettable.
{quote} Original TMS Post#1 by the OP @eelfranz EJ Jun07 4Hr Pacific 10PM - we are still in the 4Hr candle - look like a bounce on the TDI' RSI green price line - but what about the Stoch(8,3,3) it looks like an iffy case. {image}
...
{quote} I got inquires on pinpointing the higher low for buys and lower highs for sells following the TMS method. #647 When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... My suggestion is to start with the traditional HHHL/ LHLL formation and enter with TDI in the direction of trend. Note the more extended the trend there is chance of consolidation and/or reversal. {image}
{quote} BE+ hit. Trading LTF does not necessary means many trade positions. This week is just 5 trades for me. {image} {image}(Aug2023~)
Klops... I generally quit trading at 6am Pacific (9am est). Why? The market might cook some for the next hour or two but unless there is a hot news announcement during the day... the market pretty much peters out and ranges... I don't want to be trading in that junk.
Thats where dealers make most of your money is ranging markets and 5-15 min time frame trading... you got to quit trading those trash time frames.[/highlight]...
