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Trading Made Simple

  • #146,801
  • Jun 22, 2024 6:25am Jun 22, 2024 6:25am
Quoting NolanFelix
{quote} Hi Emmanuel, Why have you created groups of pairs? What is the benefit of that? I am actually trading FX Majors and some pairs like EUR/GBP, GBP/JPY, etc. Here is a screenshot of the pairs I am trading. Please take a look at them. {image}

@NolanFelix

I did not trade all the 15 currency pairs and XAU, BTC, in June so far.

Slow month the last 3 weeks as I have been busy with several traders with funded accounts, plus one new traders wanting to start a new funded account in August/September this year.

June 21 New York close results - TMS_EVO_IX (2024/2025/2026)
> you can see the pairs traded in June so far
> Win Rate is 75%


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,802
  • Jun 22, 2024 6:29am Jun 22, 2024 6:29am
Quoting emmanuel7788
{quote} @NolanFelix You have 15 currency pairs ... that's good ! You can grow US$10k to US$300k in the next 1,000 trades. I trade the Market Type conditions therefore I only need to pick one pair every week from each of the 7 groups. Trade only the Trending market type and Wide range market type *Do Not trade narrow range market type conditions. USD {image} JPY {image} EUR and GBP two groups {image} AUCANZ {image} SGD {image} ...
Hi Emmanuel,

Thanks for the motivation! I'm excited to put your advice into action, but I'm finding it challenging to understand charts without some practical examples.

Specifically, I was hoping you could share some chart examples from BigE's post #647. This would help me visualize the concepts he explains, particularly the factors to consider before entering a trade (e.g., previous highs/lows, consolidation areas, candle size).

In the post, he mentioned evaluating these factors, but I couldn't find any illustrative charts.

Additionally, You also recommended trading only in trending or wide-range markets, I'd greatly appreciate it if you could point out such patterns when you come across them. Ideally, a screenshot highlighting potential entry and exit points would be incredibly helpful.
  • #146,803
  • Jun 22, 2024 6:33am Jun 22, 2024 6:33am
Quoting NolanFelix
Hello @emmanuel7788 @lynnc @mosiskv, Thank you, everyone, for your help. Now, all indicators are perfectly set, and everything looks good. Initially, I didn't know where I had downloaded the wrong indicator file, which is why it wasn't working. Then, I was pasting it into the wrong folder, which compounded the problem. I had never done this before, which is why these issues arose, but as you can see, it's all looking good now. {image}{image}Please take a look in these pictures to determine if they are correct.

@NolenFelix

To become a profitable trader with and the Traders Edge like the OP, you need to follow his posts and his trading journey starting as a newbie in Forex Factory.

You chart template is not correct and I will explain to you the steps taken by the OP and how his charts evolve over time as he added new indicators to his chart.

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To be correct the first time is important as it shows whether you are meticulous when you read, study and learn here.

A first time chart from the start would look like this below,

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> the Stoch Slope is important to observe the colour change in the slope,

stay tuned for the next step forward,


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,804
  • Jun 22, 2024 7:02am Jun 22, 2024 7:02am
Quoting NolanFelix
{quote} Hi Emmanuel, Thanks for the motivation! I'm excited to put your advice into action, but I'm finding it challenging to understand charts without some practical examples. Specifically, I was hoping you could share some chart examples from BigE's post #647. This would help me visualize the concepts he explains, particularly the factors to consider before entering a trade (e.g., previous highs/lows, consolidation areas, candle size). In the post, he mentioned evaluating these factors, but I couldn't find any illustrative charts. Additionally,...
I posted this several times already,

my top five(5) patterns based on post #647
> PCRF
> 5bar Swing High + True Reversal
> Bearish Engulfing Outside Bar BEEOb
> Bearish Engulfing Bar BEEB
> Bearish Piercing Bar BP >50%
and
there is this rare
> DBHLC


last post was this:
https://www.forexfactory.com/thread/...5#post14888025

and the EU H4 chart posted above ,
if you cannot see those PA - then you are not theintermediate+ level trader yet, Big E #3805


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,805
  • Jun 22, 2024 9:03am Jun 22, 2024 9:03am
Quoting emmanuel7788
{quote} @SnowManF You want to learn how and when to 'double down on trades' , you need to post a live chart when the market is open. I'll will explain from my past experience the 'how' and the 'when' to double down your trades. The market will decide where price will go ... to continue, to slow down, to speed up, etc. All we need to do is first to determine the Market Type conditions when I open our trade positions and to manage the trades according to our Exit Strategy in our Trade Plan. For the Market Type, see my post above post #146,792...
Hey, firstly i just want to thank you alot for helping, sharing your knowlage and giving your time! Im Thankfull and gratefull for that!
Thanks for the HA candle explination links and files, read them trough and analyzed them so its far more clearer now so thank you!

Did I understand corectly that:
whenever i will take a trade then post it for you to as soon and i take it and you will let me know when and how to double down? Or should i post trade that i take and close and then you will let me know when and how to double down?

And on the strategy question i only know the Big Es original one from his messages and peoples documentation of his messages and strategy the newer and other versions i am not aware of and dont know .
  • #146,806
  • Jun 22, 2024 9:21am Jun 22, 2024 9:21am
Quoting tommydoginti
{quote} Hi NolanFelix, Your TMS chart is set up correctly. In fact the last time your TradingView chart set up on mobile app has 1 problem, which the chart “candle” setting should be candlestick and add the “HA candle” as indicator which I have demonstrated in previous post. in TMS method, TDI is calculated with (Japanese) candlestick OHLC values, not HA candles. The main thing is to get the TDI setting correct as TDI is the heart of method, while others are just aiding and not a must. HA and APB candles give identical candle color for any given...
Hey I was wondering from where did you get This TDI TradingView indicator did you code it yourself or is it somewhere hidden in this thread?
  • #146,807
  • Jun 22, 2024 10:12am Jun 22, 2024 10:12am
Quoting emmanuel7788
{quote} @ladharimohan your selling into 'empty space' where there was no previous price action PPA to act as support is a good idea, but you also need to take into consideration the day and week events/news/data to support your trading decisions, sometimes the news/data help you in your trade, most times its volatility is against your small stops, ... last week Close and price action favour selling this week, but we sell after a swing high plusTrue REVERSAL , {image} ... ...
Quoting emmanuel7788
{quote} @ladharimohan one way to pick better trades is to use blending of different systems/methods what the OP did in his old thread. #169 https://www.forexfactory.com/thread/...62#post3324862 {image} A profit above +2R trade is important when you want to achieve an Edge over 1000 trades. {image} ...
thanks emmanuel for the well explained informations , will apply them in my next trades.
  • #146,808
  • Edited 3:13pm Jun 22, 2024 10:37am | Edited 3:13pm
Quoting tommydoginti
{quote} Hi NolanFelix, Your TMS chart is set up correctly. In fact the last time your TradingView chart set up on mobile app has 1 problem, which the chart “candle” setting should be candlestick and add the “HA candle” as indicator which I have demonstrated in previous post. in TMS method, TDI is calculated with (Japanese) candlestick OHLC values, not HA candles. The main thing is to get the TDI setting correct as TDI is the heart of method, while others are just aiding and not a must. HA and APB candles give identical candle color for any given...
Hi Tommy,

Thanks again for taking a look at my post and offering your suggestions. I was able to create a chart that looks very similar to BigE's, thanks to the helpful members of this group!

You mentioned using candlesticks instead of Heikin Ashi. While I initially chose Heikin Ashi because it resembled BigE's indicator, I've now implemented the same indicator BigE used. You can see BigE said you must use HA candle in Post #1 and Post #49

On another note, I see you're enjoying some games and gearing up for the weekend. Have a great time!
  • #146,809
  • Jun 23, 2024 2:57am Jun 23, 2024 2:57am
Quoting NolanFelix
{quote} Hi Tommy, Thanks again for taking a look at my post and offering your suggestions. I was able to create a chart that looks very similar to BigE's, thanks to the helpful members of this group! You mentioned using candlesticks instead of Heikin Ashi. While I initially chose Heikin Ashi because it resembled BigE's indicator, I've now implemented the same indicator BigE used. You can see BigE said you must use HA candle in Post #1 and Post #49 On another note, I see you're enjoying some games and gearing up for the weekend. Have a great time!...
Hi NolanFelix,

Yes Heikin Ashi candle is one of the helping tools in TMS method. Although it is just for BigE to show the direction of price movement. You can verify it yourself, when price moves with momentum and forms a TDI signal (TDI as heart of TMS method), HA candle always have changed color.

In MT4, the HA (or APB, one variation) is applied to the chart as indicator. If you inspect the source code of TDI green red .mt4 from post #25, the calculation is done using traditional OHLC (ie not from HA candles)

So when you set up the chart on TradingView, use “candles” as candle type and add HA candles as indicator. If you change candle type as HA, all indicators on the chart will calculate based on HA candles, which is not the TMS chart setup.

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  • #146,810
  • Jun 23, 2024 3:01am Jun 23, 2024 3:01am
Quoting magistr91
стрелка ожидания {изображение}
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t.me/mrt141184
  • #146,811
  • Jun 23, 2024 3:04am Jun 23, 2024 3:04am
Quoting SnowManF
{quote} Hey I was wondering from where did you get This TDI TradingView indicator did you code it yourself or is it somewhere hidden in this thread?
Hi SnowManF,

The TMS TDI indicator I used is coded by me. The TDI green and red lines are the same setting as BigE’s TMS.

The other elements are Price Action confirmations I coded based on post #647.

Therefore TMS traders will come to the same conclusion as the indicator in terms of trade direction, given they analyse the chart with Price Action in post #647 to confirm TDI signals

Previous highs and lows
trend
rejections and last reversals

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  • #146,812
  • Jun 23, 2024 3:15am Jun 23, 2024 3:15am
Quoting NolanFelix
{quote} Hi Emmanuel, Thanks for the motivation! I'm excited to put your advice into action, but I'm finding it challenging to understand charts without some practical examples. Specifically, I was hoping you could share some chart examples from BigE's post #647. This would help me visualize the concepts he explains, particularly the factors to consider before entering a trade (e.g., previous highs/lows, consolidation areas, candle size). In the post, he mentioned evaluating these factors, but I couldn't find any illustrative charts. Additionally,...

@NolanFelix

start with the OP' Training chart post #2 and learn a few common basic price action.
Quoting eelfranz
1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... {image}

#2 chart
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Step#1
Learn to read the candles and the price action, master trading with candlesticks price action
> Practice, practice, practice,
*note1

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Step#2
> do you have the confidence to strip the TDI as the OP said in post #2617?

> it that true when he said he made money every day with the Stoch ... post #296

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Step #3, when you are ready I will be here with the next steps....


*note1
26 years old you can waste a lot of your time playing computer games


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,813
  • Jun 23, 2024 3:18am Jun 23, 2024 3:18am
Quoting NolanFelix
{quote} Hi Tommy, Thanks again for taking a look at my post and offering your suggestions. I was able to create a chart that looks very similar to BigE's, thanks to the helpful members of this group! You mentioned using candlesticks instead of Heikin Ashi. While I initially chose Heikin Ashi because it resembled BigE's indicator, I've now implemented the same indicator BigE used. You can see BigE said you must use HA candle in Post #1 and Post #49 On another note, I see you're enjoying some games and gearing up for the weekend. Have a great time!...
I had only 2 days to play Elden Ring DLC

Went to Taipei RAW for fine dining last night. Now greetings from Singapore

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  • #146,814
  • Jun 23, 2024 3:20am Jun 23, 2024 3:20am
Quoting magistr91
{quote} {image}

just for fun ... pick the arrows


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,815
  • Jun 23, 2024 3:24am Jun 23, 2024 3:24am
Quoting emmanuel7788
{quote} просто так... бери стрелки {image} {image} ...
Kiosotto ?
t.me/mrt141184
  • #146,816
  • Jun 23, 2024 3:28am Jun 23, 2024 3:28am
Hello guys, do you know of any indicator for MT4 that can draw lines/zones for custom times ?

For example I need one that highlights the NY time open , London Open and some other specific times that I have to set.
  • #146,817
  • Jun 23, 2024 7:30am Jun 23, 2024 7:30am
Quoting ladharimoham
{quote} {quote} thanks emmanuel for the well explained informations , will apply them in my next trades.
Quoting lynnc
{quote}Why did you not go in at the beginning of the H4 candle rather than so far down?
Quoting tommydoginti
{quote} Lynnc was correct about being late and can consider not to enter and wait for the next setup. Some TMS rules from BigE 1. Most swings are 3-8 candles long 2. TDI cross for entry at candle 1-2 3. TDI bounce signal (study old posts on how TDI bounces look like) Other than that, LHLL formation confirms TDI sell signals to enter {image}

hi @ladharimoham,

Both lyncc and @tommydog... got that wrong and how Big E trading TMS .

Big E did not trade TMS 4H on Fridays like last Friday when there were red news affecting EUR, GBP and USD majors.... post #7622

Big E did mentioned how he would trade news on 1Hr chart post #11.

He mentioned in total 27 posts about trading news and how news has little impact on 4Hr charts.

#4485
Quoting eelfranz
I love ya all but your breaking my heart. Didn't you take written notes when you read the thread? I don't trade around news time... Not using a S/L on the 1hr is my choice... do what you feel safe with... I don't refresh my TDI after I enter a trade... I only look for the best set ups and trades.

Remember, avoid trading the Sunday 4Hr and Friday 4Hr, but you can trade the 1Hr on all days of the week, and make sure you follow the 4Hr and Daily, and the Weekly Price Action and the Market Type conditions. This is the way to catch those best setups and trades with potential to run +9R and +12R profits.


...



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,818
  • Jun 23, 2024 7:32am Jun 23, 2024 7:32am
Quoting magistr91
{quote} Kiosotto ?
yes
and correction at with extreme support and resistance levels
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,819
  • Jun 23, 2024 7:52am Jun 23, 2024 7:52am
Quoting SnowManF
{quote} Hey, firstly i just want to thank you alot for helping, sharing your knowlage and giving your time! Im Thankfull and gratefull for that! Thanks for the HA candle explination links and files, read them trough and analyzed them so its far more clearer now so thank you! Did I understand corectly that: whenever i will take a trade then post it for you to as soon and i take it and you will let me know when and how to double down? Or should i post trade that i take and close and then you will let me know when and how to double down? And on the...

@SnowManF

In this thread we only discuss the 5-Method ... OP' post #5

It is up to you whether your want to post your trades charts for discussions and comments here.

When you have questions, you can post your questions with charts.


Anyway, start the week and check the events/news calendar when we prepare our trade plans.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,820
  • Jun 23, 2024 7:54am Jun 23, 2024 7:54am
Quoting emmanuel7788
{quote} @SnowManF In this thread we only discuss the 5-Method ... OP' post #5 It is up to you whether your want to post your trades charts for discussions and comments here. When you have questions, you can post your questions with charts. Anyway, start the week and check the events/news calendar when we prepare our trade plans. {image} ...

TMS 8 pairs for next Week 26 Jun 24 to 28

Know which pair is Trending and which pair is Sideways Ranging

Note, it is Month-End trading

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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