Disliked{quote} > convert TMS_V19 MT4 to TradingView ... will start soon, after the MT5 version is completed. H1 {image} H4 {image} ...Ignored
what indicator show line red and green on main chart ?
Attached Image (click to enlarge)
- #147,022
- Jul 2, 2024 7:16pm Jul 2, 2024 7:16pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,023
- Jul 2, 2024 7:21pm Jul 2, 2024 7:21pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,024
- Jul 2, 2024 7:30pm Jul 2, 2024 7:30pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} hello emmanuel7788! In your sreenshot: it show Seller I attach TMS_V19_MTF, it show Confused like my sreenshot attach What issue? Thanks {image}
IF you want to trade H1 exclusively and use TMS_V19 EA for information and alerts only , then your setting for Trend 2/8 and TDiC1 can be set to H1.
XAU Jul03 I want to buy only with my WTDA and Trade Plan
***Important Note***
TMS_V19 expert advisor checks several indicators for their conditions and use them to send alerts.
You as the rules-based discretionary trader decides based on what you want to trade and when to trade.
A dumb EA cannot decide for you.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,025
- Jul 2, 2024 7:55pm Jul 2, 2024 7:55pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} IF you want to trade H1 exclusively and use TMS_V19 EA for information and alerts only , then your setting for Trend 2/8 and TDiC1 can be set to H1. XAU Jul03 I want to buy only with my WTDA and Trade Plan {image} ***Important Note*** TMS_V19 expert advisor checks several indicators for their conditions and use them to send alerts. You as the rules-based discretionary trader decides based on what you want to trade and when to trade. A dumb EA cannot decide for you. ...
XAU Jul03 H1
- the closing of the current H1 candle in 5 minutes is important for an entry
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,026
- Jul 2, 2024 8:05pm Jul 2, 2024 8:05pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
EURJPY Jul03 H1 Tokyo 10am TMS_V19
- a post#647 Price Action alert
- BUOB price action
H1
> what is your trading task when you see the Stoch(8,3,3) above it 80-level ?
...
- a post#647 Price Action alert
- BUOB price action
H1
> what is your trading task when you see the Stoch(8,3,3) above it 80-level ?
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,027
- Jul 2, 2024 8:12pm Jul 2, 2024 8:12pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} For those of you with full-time days jobs, students attending classes, etc. also those who do not like to trade those trash timeframes M30, M15, M5, M1,.... you can trade the Daily chart timeframe. Jul03 Daily charts 8 pairs {image} ...
AU Jul03 H4 Tokyo 10am
- IF you trade only once a day,
- buy following the Weekly
- use %risk$ and do trade Position Sizing,
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,029
- Jul 2, 2024 9:15pm Jul 2, 2024 9:15pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
EURJPY Jul03 H1 Tokyo 10am TMS_V19 - a post#647 Price Action alert - BUOB price action H1 > what is your trading task when you see the Stoch(8,3,3) above it 80-level ? {image}
...
EURJPY Jul03 H1 Tokyo 11am
- post #647 Price Action
- the pullback then what is next?
H4
- the 4Hr supports the buy decision
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,030
- Jul 2, 2024 9:29pm Jul 2, 2024 9:29pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Hello @tommy I acknowledge that trading within a range may have led to the negative outcome. You suggest positioning in the candle following the vertical line, whereas I was considering entry in the same candle, which could be another factor. However, I'm concerned that waiting for the next candle could increase my stop loss and worsen my entry point, diminishing my risk-to-reward ratio. If that's the case, what then is the advantage of this strategy? Additionally, BigE mentioned not entering on the #3 candle, so I'm uncertain where the...
Hi NolanFelix,
BigE’s TMS has high win rate. Focus on getting the entries right first. Then with more experience you can further filter out the setups with higher RR.
Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it... keep it simple. Buy your wheel barrow..
For the funded account I don’t force positions to have very high RR since the beginning. With a >85% chance of trades in profit zone in the 2-candle duration, you have flexibility in managing them. The large account size means 0.5% gain is a good $.
trade well
- #147,031
- Jul 2, 2024 9:42pm Jul 2, 2024 9:42pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} {image} {image} I got a few inquiries on applying the TMS price action to trade with the TDI signals. BigE mentioned, before entering the trades with TDI signals, check a few things, such as previous highs and lows, trends, etc. Applying prev H/L and trend, I suggest to start with the basic: price likely goes in upward movement when reaching a higher price than before, and vice versa. To better illustrate, use only the line chart in this example. With price moving higher than the previous High, TMS buy setups at TDI cross up. As price will...
More on how BigE’s TMS method.
To enter a trade, follow the TDI signals which can be used as alerts
After getting notified, confirm the TDI signals with price action in post #647. 2 of which are very useful.
Previous highs and lows
Trend
Enter buys at TDI cross up confirmed with a clear uptrend formation
Sell at TDI cross down confirmed with clear downtrend formation.
V-lines showing TMS setups.
- #147,032
- Jul 2, 2024 10:04pm Jul 2, 2024 10:04pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Hi All! Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. 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... Am I in or close to a consolidation area Are the previous candles small... Look at the candles...
Hi Nguyentrict,
I spent some time to code this to reduce chart time for trading. I am not sharing this with anyone, but I am happy to walk you through the process. Here is one approach coded in my indicator.
Post #647 is the essence in determining the trade direction and filter out the TDI signals that are valid TMS setups.
Note this is the same thought process for TMS traders to analyse chart when trading manually. You should come to the same conclusion as the indicator following the TMS method.
First, BigE was expecting 3-8 candles as a swing. With that you can identify the previous highs and lows.
Next, a very straightforward approach in determining trend (long or short) at the moment.
Third, where to expect rejections and last reversals.
TDI cross signals indicates entry timing. Since TMS traders only trade with TDI signals, you check charts only when a signal fires off
it is like you setting an alarm clock to wake up at 8am. You only double check if it is indeed 8am when the alarm fires off waking you up. You do not get up every hour to check the time
trade well
- #147,033
- Jul 3, 2024 1:29am Jul 3, 2024 1:29am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} EURJPY Jul03 H1 Tokyo 11am - post #647 Price Action - the pullback then what is next? {image} H4 - the 4Hr supports the buy decision {image} ... {image}
EURJPY Jul03 UPDATE Tokyo 3pm
> no need for me to write long story
> you just see the details on my charts below and you will have the whole story
H1
- PA bounce
H4
- H1 PA bounce during this current H4
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,034
- Jul 3, 2024 1:35am Jul 3, 2024 1:35am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
EURUSD Jul03 4H London 7am
- swing highs and swing lows
and the next trade will be H1
...
- swing highs and swing lows
and the next trade will be H1
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,037
- Jul 3, 2024 2:06am Jul 3, 2024 2:06am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,038
- Edited 2:24am Jul 3, 2024 2:08am | Edited 2:24am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
EURUSD Jul03 4H London 7am - swing highs and swing lows {image} and the next trade will be H1 {image} ...
EU Jul03 London Open
- H1 Price Action is BUEB
- post #647 big candle and small candle , etc.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,040
- Jul 3, 2024 2:30am Jul 3, 2024 2:30am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} AU Jul03 H4 Tokyo 10am - IF you trade only once a day, - buy following the Weekly - use %risk$ and do trade Position Sizing, {image}
...
AU Jul03 H4 UPDATE London 08:30am
- target BRN6700
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett