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Trading Made Simple

  • #147,321
  • Jul 12, 2024 5:25pm Jul 12, 2024 5:25pm
Quoting emmanuel7788
{quote} XAU M15 Jul10 6:45am - TMS_V19 M15 buy condition all green - using your own 'rules-based discretionary' trading system, you can decide {image} ...
Hi Emmanuel,
I get the EA.. But dont understand how to setup the ea. I prefer notification only like u with 5 big e rules. Can u pls share the EA set file?? Another thing, after set the EA my chart not looks like urs.. Do u use any kind of TPL with the EA?? Can u pls share me this?? I am really excited to trade with TMS ea alart. Bcos when we check manually we cant focus on all potential trade setups. Pls help me. I will post regularly all trade setup here to help other. Thanx in advance bro.
  • #147,322
  • Jul 12, 2024 9:02pm Jul 12, 2024 9:02pm
Quoting X2x
{quote} Hi Emmanuel, I get the EA.. But dont understand how to setup the ea. I prefer notification only like u with 5 big e rules. Can u pls share the EA set file?? Another thing, after set the EA my chart not looks like urs.. Do u use any kind of TPL with the EA?? Can u pls share me this?? I am really excited to trade with TMS ea alart. Bcos when we check manually we cant focus on all potential trade setups. Pls help me. I will post regularly all trade setup here to help other. Thanx in advance bro.

please post your chart. I want to see what it looks like then I know the problem.

thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,323
  • Jul 12, 2024 9:08pm Jul 12, 2024 9:08pm
Quoting X2x
{quote} Bro, Seems like u automate the TMS system. Where u get this EA pls... Can u share??
hi @X2x

TMS is short name for the thread title Trading Made Simple. The trading methodology is based on the 5-Method going back to 1980s.

I only automate my trading tasks using many different tools over the last 20 years. This saves me a lot of time having to analyze charts and look for trades. I can go about my daily life doing many other things and enjoy life much better.

TMS_V19 is just one of the tools to help me learn the various 5-Method setups and can use to alert me when there are my favourite price action setup like the basic PA stuff the OP mentioned in post #647.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,324
  • Jul 12, 2024 9:22pm Jul 12, 2024 9:22pm
Quoting emmanuel7788
{quote} hi @X2x TMS is short name for the thread title Trading Made Simple. The trading methodology is based on the 5-Method going back to 1980s. I only automate my trading tasks using many different tools over the last 20 years. This saves me a lot of time having to analyze charts and look for trades. I can go about my daily life doing many other things and enjoy life much better. TMS_V19 is just one of the tools to help me learn the various 5-Method setups and can use to alert me when there are my favourite price action setup like the basic PA...
Bro ,
Cant u share the set file of TMS V19 EA like blessing EA.. As u have tested this system for long time. So u know much better which ea setting works fine for signal alart only.. I send a pm you regarding this. If u can pls share the set file which is already proven to ur daily trading.
  • #147,325
  • Jul 12, 2024 10:00pm Jul 12, 2024 10:00pm
Quoting X2x
{quote} Bro , Cant u share the set file of TMS V19 EA like blessing EA.. As u have tested this system for long time. So u know much better which ea setting works fine for signal alart only.. I send a pm you regarding this. If u can pls share the set file which is already proven to ur daily trading.
TMS_V19 EA

There is no generic or universal set-file for TMS_V19 EA.
Remember, it is a tool to save you time in front of your computer looking for trades.

It depends on your own trading strategy - which currency pair, which timeframe you are trading, what PA set-ups according to post#647 you have in your trade plans, and post#261 setup conditions such as the :
the threshold slope you want for the Stoch slope and TDI' RSI green price line slope,
the candles Price Action in relation to the 5EMA, ...etc.

I will explain each and every setting in the TMS_V19 EA step-by-step so that everyone here who are interested will learn to do-it-yourself.
Many traders here learned how to set up the EA during the last pandemic lock-down.
Some gave up because they could not understand the 5-Method trading methodology.

IF everyone here post charts of the currency pairs you want to trade next week,
I will start with your selected pairs and I will patiently explain step-by-step.


....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,326
  • Jul 13, 2024 5:14am Jul 13, 2024 5:14am
Quoting tommydoginti
{quote} Hi Lynnc, Buying at lows is the way to go. TDI cross up HHHL as uptrend {image}
I am not a beef lover but if you are in Florence I highly recommend you try this (Fiorentina beef)
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the cautious seldom err....C
  • #147,327
  • Jul 14, 2024 7:56am Jul 14, 2024 7:56am
Quoting j4yman
{quote} Sadly was down on all 3 of these trades, not sure what I did wrong. Going to go back and analyse them a bit deeper later on.

Its weekend and before you start trading on Monday , you should already have down your weekend preparations.

The first task for trading next week is to know the news /events calendar and the currency pairs to trade the news.

Attached Image (click to enlarge)
Click to Enlarge Name: FF Cal Week 29 Jul 15 to 19 14-7-2024 11-24-11 am.png Size: 40 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,328
  • Jul 14, 2024 8:04am Jul 14, 2024 8:04am
Quoting emmanuel7788
{quote} Its weekend and before you start trading on Monday , you should already have down your weekend preparations. The first task for trading next week is to know the news /events calendar and the currency pairs to trade the news. {image} ...
Next trading task is look at the weekly charts of all the pairs you want to trade.

The Weekly chart will determine if the pair is trending or sideways.

For example these 8 pairs

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Pairs Week28 Close 14-7-2024 8-56-43 pm.png Size: 64 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,329
  • Jul 14, 2024 8:17am Jul 14, 2024 8:17am
Quoting emmanuel7788
{quote} Next trading task is look at the weekly charts of all the pairs you want to trade. The Weekly chart will determine if the pair is trending or sideways. For example these 8 pairs {image} ...

Next more important task is the Weekly Top Down Analysis WTDA of every trading pairs

For example
AUDUSD

Market Type conditions is Trending
Attached Image (click to enlarge)
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USDCAD
Market Type conditions is Sideways Ranging

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EURAUD
Market Type conditions is Sideways Ranging

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,330
  • Jul 14, 2024 8:30am Jul 14, 2024 8:30am
Quoting j4yman
{quote} Sadly was down on all 3 of these trades, not sure what I did wrong. Going to go back and analyse them a bit deeper later on.
hi @j4yman

What have your learn from your own post-trade analysis.

- your 3 trades did not consider the market type conditions

- those 4Hr trades were taken when the London market session were closed

- your entries were during the final hour of the 4Hr candle and your TDI were refreshed and were misleading

AU
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UC
- note the swing highs and swing lows, how to see these on your H4 charts.
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EA

Attached Image (click to enlarge)
Click to Enlarge Name: j4yman EA H4 chart 14-7-2024 10-14-30 am.png Size: 40 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,331
  • Jul 14, 2024 8:34am Jul 14, 2024 8:34am
Quoting emmanuel7788
{quote} La prochaine tâche de trading consiste à examiner les graphiques hebdomadaires de toutes les paires que vous souhaitez trader. Le graphique hebdomadaire déterminera si la paire est en tendance ou latérale. Par exemple, ces 8 paires {image} ...

aud/usd : bullish trend
eur/usd: bullish trend
gbp/usd : bullish trend
usd/jpy : bearish reversal
usd/cad : bearish trend
usd/chf : no trend / consolidation
eur/jpy : bearish reversal
gbp/jpy : no trend / consolidation
  • #147,332
  • Jul 14, 2024 8:41am Jul 14, 2024 8:41am
Quoting emmanuel7788
{quote} La prochaine tâche plus importante est l'analyse hebdomadaire de haut en bas WTDA de chaque paire de trading. Par exemple, les conditions de type de marché AUDUSD sont en tendance {image} Les conditions de type de marché USDCAD sont en tendance latérale {image} Les conditions de type de marché EURAUD sont en tendance latérale {image} ...

you consider usd/cad in Sideways Ranging because it is always closed inside the green candle
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  • #147,333
  • Jul 14, 2024 9:22am Jul 14, 2024 9:22am
Quoting thomi
{quote} you consider usd/cad in Sideways Ranging because it is always closed inside the green candle {image}

yes. potential bonus for the next weeks

see my last post #147,106
https://www.forexfactory.com/thread/...9#post14923119


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Daily WCC 14-7-2024 10-16-42 pm.png Size: 36 KB



take a look at the Monthly for the SnR levels



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,334
  • Jul 14, 2024 1:30pm Jul 14, 2024 1:30pm
Quoting emmanuel7788
{quote} Its weekend and before you start trading on Monday , you should already have down your weekend preparations. The first task for trading next week is to know the news /events calendar and the currency pairs to trade the news. {image} ...
Thanks for that. Question on your point to check the news for the week ahead, I'm assuming it's best to stay out of the market around news time due to unpredictability?
  • #147,335
  • Jul 14, 2024 1:33pm Jul 14, 2024 1:33pm
Quoting emmanuel7788
{quote} hi @j4yman What have your learn from your own post-trade analysis. - your 3 trades did not consider the market type conditions - those 4Hr trades were taken when the London market session were closed - your entries were during the final hour of the 4Hr candle and your TDI were refreshed and were misleading AU {image} UC - note the swing highs and swing lows, how to see these on your H4 charts. {image} EA {image} ...
Point 1 - correct, I didn't check the trend on a higher timeframe. I was under the assumption that we could trade counter-trent?

Point 2 - Is that wrong? What's wrong with trading outside of the London session? It works a little better around my current work. I can trade during the day now that I'm using TradingView so I can trade on the go.

Point 3 - Yes I found this a little confusing. Should I be waiting on the close of the candle before entry?

From my own analysis, I found my biggest mistake was not considering S/R levels. I went back through some TDI signals over the last few weeks and found if I look left to S/R levels, the win rate is much higher (as you would expect lol)

Thanks again,
  • #147,336
  • Jul 14, 2024 3:43pm Jul 14, 2024 3:43pm
Quoting emmanuel7788
{quote} please post your chart. I want to see what it looks like then I know the problem. thanks.
Bro , What alerts should i use on the EA to get exact BIG E Strategy.. Pls share me the alert settings
  • #147,337
  • Jul 14, 2024 4:02pm Jul 14, 2024 4:02pm
Quoting tommydoginti
{quote} Hi Lynnc, Buying at lows is the way to go. TDI cross up HHHL as uptrend {image}
Bro, can u pls share me the EA set file. I am really confused with its setting. I like to set on my ea exactly same parameter as BIG E suggest.
  • #147,338
  • Jul 14, 2024 4:22pm Jul 14, 2024 4:22pm
My view on weekly market directions:
XAU bullish trend
EU narrow but not that narrow Ranging to be able to trade(however im more looking into switching into bullish trend)
GU Bullish trend
AU Ranging (however im more looking into switching into bullish trend)
UC Wide Ranging bearsigh movement
EG Bearish trend
AJ EJ bullish trend
If somone has any tips or see something differently let me know!
  • #147,339
  • Jul 14, 2024 5:31pm Jul 14, 2024 5:31pm
I'm going fishing this week,

Two pictures are worth one thousand words,

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,340
  • Jul 14, 2024 5:37pm Jul 14, 2024 5:37pm
BTC Jul15 Monthly

- we are at the mid-point this week

- those who buy low 53300ish are all good

- no selling for medium and long-term swing traders

Attached Image (click to enlarge)
Click to Enlarge Name: BTC MN Jul15 15-7-2024 6-24-43 am.png Size: 16 KB

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