Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,982
- Jul 2, 2024 12:35am Jul 2, 2024 12:35am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} Hi NolanFelix, You can wait for the current candle to close and form a TDI signal to entry at open of next candle. As shown in your 2 charts of different times, the candle was still forming (before it closed at the H4 mark of your broker), candle body also changed color as you can see. Following BigE’s TMS, the trade setup was a buy with profit in 2 candles later (#11 BigE’s way to trade H4, closing trades after 2 candles=8 hours) {image} In this way, your alerts should set to “once per bar close” on TradingView. Good luck. Now back to Hong...
@tommydog....
You are still confused with this thread title "Trading Made Simple" and the 5-Method. You are making it more complicated than what it is for @NolanFelix.
Post#261
//// HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain ! Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,984
- Jul 2, 2024 12:57am Jul 2, 2024 12:57am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} Hi Lynnc, good to see you around in the TMS thread. BigE mentioned that in TMS method, TDI bounce entries are for strong price movements, re-enter trades after a TDI cross entry setup. {image} trade well
@tommydog...
@lynnc has been around for long time and in that amount of time she has not made any money trading with the TDI. I know her problems very well like most of the traders here in the last 12+ years. In fact Big E mentioned the problems here in his posts and the same mistakes repeated over and over and over again.
You are repeating the same mistakes trying to teach TMS here.
You chart simply show those same mistakes you have been repeating the last 3 years posting in this thread.
Hindsight paper trading will never make you real money.
Trading made Simple is easy for those traders who are above the intermediate+ level like the OP and that requires 15+ years actively trading every day for that number of years.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,985
- Jul 2, 2024 2:03am Jul 2, 2024 2:03am
- Joined Aug 2010 | Status: EsikeTrader | 2,227 Posts
Trading made Simple is easy for those traders who are above the intermediate+ level like the OP and that requires 15+ years actively trading every day for that number of years. ...[/quote]
Hi Emmanuel and everyone......
The above statement from Emmanuel is just the basic fact and nothing more.....God bless Big E wherever he his right now and Emmanuel for us
Hi Emmanuel and everyone......
The above statement from Emmanuel is just the basic fact and nothing more.....God bless Big E wherever he his right now and Emmanuel for us
Time always comes before price
- #146,986
- Jul 2, 2024 2:21am Jul 2, 2024 2:21am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Hi Lynnc, good to see you around in the TMS thread. BigE mentioned that in TMS method, TDI bounce entries are for strong price movements, re-enter trades after a TDI cross entry setup. {image} trade well
Addressing the inquiries on TP settings. When entering a TMS trade setup, traders are expecting a price swing to move with the current price direction. Ie following the price.
For buy, then the previous high /higher high is expected
For sell, expecting the previous low / lower low
Stoploss at previous high/low
- #146,987
- Jul 2, 2024 2:28am Jul 2, 2024 2:28am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
Trading made Simple is easy for those traders who are above the intermediate+ level like the OP and that requires 15+ years actively trading every day for that number of years. ...
[/quote]Hi fxrabbi,
I like your signature “be dumb and follow price”.
in BigE’s TMS method, it is following price and enter trades with TDI signals as timing.
trade well
- #146,988
- Jul 2, 2024 2:41am Jul 2, 2024 2:41am
- Joined Aug 2010 | Status: EsikeTrader | 2,227 Posts
{quote} Hi Emmanuel and everyone...... The above statement from Emmanuel is just the basic fact and nothing more.....God bless Big E wherever he his right now and Emmanuel for us
Greetings@tommydoginti...
Great contributions from you too..... you're doing wonderful here
Time always comes before price
- #146,989
- Jul 2, 2024 2:50am Jul 2, 2024 2:50am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Hello @TMS members, I'm encountering an issue. As @eelfranz mentioned, I enter a trade when the TDI crosses, which I've been doing. However, after 4 hours, I notice that the candle, which initially appeared to be bouncing, actually reversed direction (the same candle I entered as it crossed is the one that reversed after 4 hours). This can be observed in my XAUUSD entry. When I noticed gold bouncing, I entered at the fresh candle, but after 4 hours, the bounce didn't materialize, and the green line is now crossing the red line. You can see...
About the alert setting on TradingView you asked me in PM. I am using my tool which combines multiple alert settings into one (similar approach as the TDI+Stoch I coded for TheSnowF).
But it is also simple to do with 1 alert at a time.
In TMS method, you follow the price (trend, swing, range whatever you like to call it).
so you go for buys as price going higher, and sell as it goes lower.
So when I look for a buy opportunity, my first requirement is price starts making higher prices. Am also a place for price to retest, making higher low and continue going up.
A price level alert will do the job.
Next when the price upward formation is there, I switch to only look at TDI cross up buy signals. Set to “once per bar close” will be useful to you at your current status.
Depending on how you want to trade, you can keep buying as price keeps making higher levels, indicating the movement upward is continuing. Until price starts making a lower h/l.
I usually just trade at the first TDI cross up. 1 good trade is enough for a whole session.
For this example, TMS buy setups as price keep making Higher High and Lows.
9 out of 10 trades winning with Stoploss at previous low
trade well
- #146,991
- Jul 2, 2024 3:46am Jul 2, 2024 3:46am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,992
- Jul 2, 2024 3:57am Jul 2, 2024 3:57am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} Hi NolanFelix, About the alert setting on TradingView you asked me in PM. I am using my tool which combines multiple alert settings into one (similar approach as the TDI+Stoch I coded for TheSnowF). But it is also simple to do with 1 alert at a time. In TMS method, you follow the price (trend, swing, range whatever you like to call it). so you go for buys as price going higher, and sell as it goes lower. So when I look for a buy opportunity, my first requirement is price starts making higher prices. Am also a place for price to retest, making...
@tommydog....
You are still trying hard to fool @NolanFelix with your Tradingview chart.
For such a strong trending pair like USDJPY, you simply follow the OP posts and look for the HA candle closing above the 5EMA and you buy buy buy... you dont need the TDI to tell you when and where to buy,
Learn to read your candles and make the transition to trade the 4Hr.
Every Bullish Engulfing candle is BUY.
Every Bullish Engulfing Outside candle is BUY.
Every Bullish Piercing candle is Buy.
Every Double Bar Low Higher Close candle is Buy.
If you need alert signals, TMS_V19 EA chart template will send you these basic simple alerts ... 5 minutes before the candle closing.
EJ Jul02 H1 alert for sell,
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,993
- Jul 2, 2024 4:10am Jul 2, 2024 4:10am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} Hi tommydoginti! where can I download or use indicator TMS+TDI in tradingview? Thanks
@nguyentrict
His trading view has only limited function due to his lacking programming skills in pine script.
He still cannot code the basics of TMS 5-Method ... post #261 and post #647 into an indicator.
MT4 expert advisor can do all the TMS 5-Method basic functions and provide you with numerous options which you can input according to your own trading preference.
Example USDCAD Jul02 H4
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,994
- Jul 2, 2024 4:15am Jul 2, 2024 4:15am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} For a better TP, you should use some tool to define the liquidity point where the green line goes flat and the Price goes against you. You can look for the pivot point (Davit pivot), basic PASR from the strats threats which is a timeless lesson for everyone. For some pairs that have Greenline ranging around redline, you can take TP in the higher timeframe where the red line eliminates all the noises or TP when price cross 5MA-3 or EMA again.
hi @themon02
For TP the OP use the ADR Pro calculator. It quite conservative but most of the time the target get hit easily.
GU Jul02 H4
- TP target ADR Low
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #146,998
- Edited 7:58am Jul 2, 2024 6:52am | Edited 7:58am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Hi NolanFelix, About the alert setting on TradingView you asked me in PM. I am using my tool which combines multiple alert settings into one (similar approach as the TDI+Stoch I coded for TheSnowF). But it is also simple to do with 1 alert at a time. In TMS method, you follow the price (trend, swing, range whatever you like to call it). so you go for buys as price going higher, and sell as it goes lower. So when I look for a buy opportunity, my first requirement is price starts making higher prices. Am also a place for price to retest, making...
Couple with post #647 previous highs and lows. Rejection of prices at these levels with TDI 32/64 retrace.
- #146,999
- Jul 2, 2024 7:45am Jul 2, 2024 7:45am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} BigE’s favourite TMS trade setups with TDI cross signals retracing from 32/64 level. {image} Couple with post #647 previous highs and lows. Rejection of prices at these levels with TDI 32/64 retrace. {image}
Keep It Simple: There is no such 32/64 level in the TDI.
Don't complicate it with your nonsense crap !
RSI has its default level 30 and 70 levels as over -sold and over-bought levels only when the market is sideways ranging.
Big E thought the TDI is weird when the price move higher when RSI above 68 and lower when RSI below 32...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,000
- Jul 2, 2024 7:53am Jul 2, 2024 7:53am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett