Trading Made Simple

Quoting emmanuel7788

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{quote} hey @tommydog... USDCAD Jul03 You already missed yesterday' sell setup . When the PA made a swing high RN@136750 and consolidates, we sell after the PA setup DBHLC setup candle. Do Not chase after the market when it already hit the intraday target ADR Low. Go find another pair another timeframe for better trades. {image} ...

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Quoting tommydoginti

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{quote} {image} {image} More on the BigE’s TMS method inquiries. I always suggest traders to start with trend following and practice, and slowly applying other elements such as last reversals and TDI bounce signals. Start with 3 elements in TMS including the price action in post #647 TDI cross signals Previous highs and lows Trend Price moving in a direction with momentum associates with TDI signals. Confirm the trade direction and enter as TDI green crosses red {image} {image}

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Quoting emmanuel7788

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{quote} Daily charts TMS 5-Method eight(8) pairs at London 6:50AM - established trend/swing {image} ...

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Quoting nguyentrict

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{quote} Hi emmanuel7788 I Install TMS_V19_MTF EA It show sleeping how change this thanks {image}

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Quoting emmanuel7788

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{quote} hey @nguyentrict Today the TMS_V19 EA woke up from it "sleeping" condition while most the UK are going to elect their new government. The Price Action is a CONTIINUATION setup ... BUEOB setup candle, look at the TDI, it shows a bounce 4.3 but the slope of 3.7 which is below the threshold 4.0 As a rules-based discretionary trader I will have to decide based on my own knowledge and experience. XAU Jul04 London 10am {image} ...

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Quoting SnowManF

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{quote} But didnt OP also mentioned that he liked trading 1hr charts during london session?

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Quoting eelfranz

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Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy. Important to study TDI entries...

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Quoting tommydoginti

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{quote} {image} PMs on Applying alerts with BigE’s TMS method. TDI cross signals can be set as alert easily, but not all TDI signals are valid TMS setups Incorporate the price action as confirmation Previous Highs and Lows Trend This can further reduce the TDI signal to those only in the direction of trade direction. Enter trades when price moves with momentum in trend direction. {image} {image}

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Quoting emmanuel7788

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{quote} Yes. The OP said many different things at different times which got many readers confused here in this thread. Trading the London session is the best because of the higher market liquidity most of the time when compared with the Asian and US sessions. He only trade the 4H because he live in the Pacific time zone therefore the his local time 10PM and 2AM are new 4H candles open. Post #11 and do not trade those trash timeframes,... Post...

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Quoting fxtimur

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I'm curious about the TDI indicator, how does it work and what does it do, is it available by default in MT4?

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Quoting Kiffer

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Hi! How can i acticate take profit ?

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Quoting SnowManF

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{quote} What do you mainly trade because and what would you recommend tradding for beginer for 4 hour on 1 hour in my tought process maybe 4hr better less manipulation then 1hr im right now im mainly 1 hour because i trade 3 hours before london till london session end because latter i cannot monitor my trades that much. When im back from vacation ganna try setting up mt4 on my computer

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Quoting emmanuel7788

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{quote} How to calculate Take Profit (TP) ? > Use market volatility e.g. the ATR of the timeframe of your trades. > determine the total risk 'R' of your trade in dollars for Position Sizing. > then set your Stop Loss at the point of your trade entry EP. > your Stop Loss can be 2x times your ATR(10) > your Take Profit to be in multiple of your risk 'R' EU H4 trade example, > the Set-Up candle which closed above the 5EMA. > entry is the next candle open. {image} >>> the above trade is a classic 5bars swing low with True REVERSAL and an Inside Bar...

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Quoting tommydoginti

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{quote} {image} I am getting a few requests about determining trade directions. Apart from the trend following direction, BigE also showed some countertrend entries. More TMS setups with TDI cross signals confirmed by price actions from post #647. Particularly the last reversals. 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...

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