Hi my friends!! {image}
You will not be able to reach the summit alone on your own. Many have tried and failed. You wont make it is less than 5 years. Many have lied.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,041
- Sep 10, 2024 9:16pm Sep 10, 2024 9:16pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
You will not be able to reach the summit alone on your own. Many have tried and failed. You wont make it is less than 5 years. Many have lied.
...
- #148,042
- Sep 10, 2024 9:18pm Sep 10, 2024 9:18pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Hi my friends!! {image}
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} First, I am a medium to long term type trader therefore I trade the 4Hr/ Daily and Weekly chart timeframes. When I want to day trade, I can do that on M15, M30 and 1Hr. When I am swing trading, my strategy is multiple entries during the the market open sessions. My trade plans are based on the Big Picture Plan of the currency pairs. For example, GBPUSD below. I have the Monthly swing levels , these are the key historical levels where the market have closed. The next is my Weekly which I use to determine the three Market Type conditions....
My battle is with myself; every day, I aim to be better. Did you win today?
- #148,046
- Sep 11, 2024 1:00am Sep 11, 2024 1:00am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
GU Sep 11 1Hr happening during this 4Hr trade window
...
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} Thanks for posting for your chart and how you set up this trade, theblessed7. And also you emmanuel7788, for continuing to remind us of these important edge setups. This is information that is helpful to me. and I'm sure others who are in the process of implanting this method will find it very useful as well. Once I will do trading real time and with real money, I will post it as well. I read somewhere that it is not easy to post your first charts, because you do make yourself somewhat vulnerable In the sense of going under the microscope...
My battle is with myself; every day, I aim to be better. Did you win today?
- #148,049
- Sep 11, 2024 11:18am Sep 11, 2024 11:18am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Hi theblessed7, BigE’s TMS trades both countertrend and trend following positions. My suggestion for new TMS traders are opting for Trend Following to start. The reason is it requires applying less price action elements for beginners to start practicing the TMS method. Post #647 by BigE 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....
GU sells closed.
Before price makes a higher high and higher low to confirm an upward move, just sell at TDI cross down.
BigE's Post #647, first 2 price action elements
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...
- #148,050
- Sep 11, 2024 11:56am Sep 11, 2024 11:56am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
Good Day Traders, After three days of reading a lot about TMS , I have tired eyes. I am a glasses wearer, but despite this aid I have trouble reading the prices properly The text in MT 4 is small and there is also little to do about it what I read on it. - You can use internal magnifier of Windows. - You can raise internal image and scale in Windows But that affects all software and settings in Windows. But I also see that some of you have a wonderful overview of the price and levels of the previous HH and LL. Now I found one on forexfactory, but...
I use TradingView for charting and coded one such tool quickly. You can adjust text size to certain extend (TradingView is good at many aspects but text sizing)
If you wish I can send you the code and you just paste it on yours.
Trade well
- #148,051
- Sep 11, 2024 12:10pm Sep 11, 2024 12:10pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
hi coders is it possible , please help me {image}
I am not sure if it is possible as your rules requires caching a significant level which is based on multiple retests of a RNAGE which involves many subjective decisions than you may think. Such as how big is this range it is reasonable to be just 1 level, but not considered as 2 separate levels.
Use code to cache previous highs and lows (BigE’s TMS price action #647) is relatively easy as TMS uses HA candles. As candles with same color indicates a swing and color change often associates with a high/low formation
As of one of my earlier developed tool (“TT-HA”), recognising highs/lows is quite simple.
Then you can use the information of H/L to start coding a tool to analyse further. For instance, previous high/lows can form patterns to show trends, which are the price action elements of TMS method.
As of my TDI tool, in this example, HHHL and LHLL formation would trigger the tool to paint Green and Red background color.
Good luck and trade well
- #148,052
- Edited 1:31pm Sep 11, 2024 1:18pm | Edited 1:31pm
- | Joined Aug 2024 | Status: Trader | 52 Posts
It's very difficult to do the simple things after consuming so much junk over 5 years of study. This journey will be more difficult and fun than usual. 
My battle is with myself; every day, I aim to be better. Did you win today?
- #148,055
- Sep 11, 2024 6:48pm Sep 11, 2024 6:48pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} I have an account with tradingview. But I am tied to MT4. I have a paid forex simulator and it only works on MT4. I now use the windows magnifier a bit more. And I have a magnifying glass next to my keyboard, and I grab it from time to time ;-) Thanks you for the offer!!!
Once you start trading live and not using the simulator to backtest, you can consider exploring other apps.
I trade with phone as I travel a lot. TradingView is more mobile-friendly when analysing and annotating charts, and able to clone chart setups between computer and mobile version. MT4 is used to execute trades. Also apps for crypto wallet and stocks.
Trade well and Greetings from ZhengZhou China
- #148,056
- Sep 11, 2024 7:09pm Sep 11, 2024 7:09pm
- Joined Oct 2020 | Status: Trader | 3,886 Posts
Hit stl. Am I doing something wrong? {image}
BigE’s post #686
Trend... long term and short term...
I take a chart and make the candles as small as they will go to find the direction of the long term trend...
Then I enlarge them to my normal trading size for the current short term trend...
If they are the same I feel I have better odds on my side... if they are opposite I may trade less lots per trade... I will pay more attention to the last swing (candle size & length)...
So selling at TDI cross down in a downtrend is a right way
Previous highs and lows are used in the TMS method, and trends can be determined by patterns of high/low
- #148,057
- Sep 11, 2024 7:21pm Sep 11, 2024 7:21pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Hit stl. Am I doing something wrong? {image}
Your buy trade did not agree with the Daily and Weekly.
You need to do a few important things the right way and there is no other way to become a Super Trader.
One of the few important things any trader must do here read the OP posts, study and take notes, translate your notes into your Blueprint for Trading Success.
In your Blueprint for Trading Success, is to include several trading tasks of which one is your Big Picture Planning BPP and you must do your BPP every week and know the Market Type conditions -
1) Trending,
2) Sideways Wide Range and
3) Sideways Narrow Range.
I do not look at the Stoch and TDI on the Monthly and Weekly.
Weekly Chart
Daily Chart
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,058
- Sep 11, 2024 7:30pm Sep 11, 2024 7:30pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} You have much better odds trading with the current trend. BigE’s post #686 Trend... long term and short term... I take a chart and make the candles as small as they will go to find the direction of the long term trend... Then I enlarge them to my normal trading size for the current short term trend... If they are the same I feel I have better odds on my side... if they are opposite I may trade less lots per trade... I will pay more attention to the last swing (candle size & length)... So selling at TDI cross down in a downtrend is a right...
@tommydog...
You are still confused with Big E' post#647
There is no HH HL or LH LL on the Weekly because of the Week 34 and Week 35 candles. We are in Week 37.
This is the very basics of Big E ' 5-Method as he and I learned from the same trading coach back in the 90s.
The member @bigjjnem buy trade was trading in the Weekly consolidation and the Daily is ranging to the downside.
....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,059
- Sep 11, 2024 7:40pm Sep 11, 2024 7:40pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} You have much better odds trading with the current trend. BigE’s post #686 Trend... long term and short term... I take a chart and make the candles as small as they will go to find the direction of the long term trend... Then I enlarge them to my normal trading size for the current short term trend... If they are the same I feel I have better odds on my side... if they are opposite I may trade less lots per trade... I will pay more attention to the last swing (candle size & length)... So selling at TDI cross down in a downtrend is a right...
@tommydog....
selling into the previous price action which shows a congestion zone is high risk.
you are hindsight paper trading and you missed where the member @bigjjnew buy trade was.... he did no sell into that congestion zone.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,060
- Sep 11, 2024 7:46pm Sep 11, 2024 7:46pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
EU Sep 12 Daily Tokyo 9am
- IF you only take one trade per day ... you can decide following your own rules
- you have the next 14 hours to trade
- post #281
...
- IF you only take one trade per day ... you can decide following your own rules
- you have the next 14 hours to trade
- post #281
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett