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Trading Made Simple

  • #149,021
  • Oct 31, 2024 6:33pm Oct 31, 2024 6:33pm
Quoting emmanuel7788
{quote} > For those who trade the "original TMS" by Big E and you exit your buy trade at 6AM, > then you made 24pips. > with you Stop Loss 15pips > you know the R:R EU Oct 31 H4 at Pacific 6AM {image} ... {image}

> What IF you follow "original TMS" and take a trade at every 4Hr 2AM candle?

> With Stop Loss 15pips and TP 24 pips,

> your account can grow nicely too in 1000 trades


Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily RR SL15pips TP24pips 31-10-2024 9-02-09 pm.png Size: 9 KB



> BUT, if you want to higher success R:R 1 to 7, it would be another story



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,022
  • Oct 31, 2024 6:48pm Oct 31, 2024 6:48pm
Quoting 1dominican
gbpjpy holding short 3 full lot {image}
Quoting emmanuel7788
{quote} 198.24

> it was a good month-end closing yesterday

Attached Image (click to enlarge)
Click to Enlarge Name: Trade closed Oct31 NYC.png Size: 239 KB



...



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,023
  • Oct 31, 2024 8:08pm Oct 31, 2024 8:08pm
Quoting emmanuel7788
{quote} > For those who trade the "original TMS" by Big E and you exit your buy trade at 6AM, > then you made 24pips. > with you Stop Loss 15pips > you know the R:R EU Oct 31 H4 at Pacific 6AM {image} ... {image}

Friday Nov01 Tokyo 10am 4Hr trade window

> do you trade this 4Hour trade window

> or you wait for the Pacific 10PM 4Hr

EU Nov01

- SL 17pips

- TP +5R let the market decide

- watch the reaction at BRN 1.0900


Attached Image (click to enlarge)
Click to Enlarge Name: EU Nov01 Tokyo 10am 4Hr 1-11-2024 9-03-43 am.png Size: 44 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,024
  • Oct 31, 2024 8:34pm Oct 31, 2024 8:34pm
Quoting James-nova
Its not good to acuse each other @kirinda.... Emanuel is one of the best contributors on thread by the way!



Thank you for recognizing my contributions here.

I have been here fore more than 12 years.

Just sharing from my experience to help others here to reach the level of what the OP would consider as intermediate+ #3805.

so that those achieving that high level can become better traders and start making money

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,025
  • Oct 31, 2024 8:46pm Oct 31, 2024 8:46pm
Quoting kirinda
{quote} Because BigE ignored them. Check out page 1

@kirinda

You are a liar. You should check page 1 post#2.

That's the training chart.

> do you see the MBL on his training chart ?

> for the experienced traders, with the MBL you will also see the VB expansion and contraction within the 70 and 30 levels.

Post# Training chart

Attached Image (click to enlarge)
Click to Enlarge Name: Big e Post#2 chart.png Size: 61 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,026
  • Oct 31, 2024 8:55pm Oct 31, 2024 8:55pm
Quoting bigjjnem
{quote} How can we filter this sideway part? If we can filter these out, then we will get less loses imo {image}
Big Picture Planning and Weekly Top Down Analysis

EU Nov 01 Weekly

- when New York closes at 5pm today

- we will know the Market Type for next week

- this will help us when we know the sideways market next week

- 1.0872 is key level to watch if Weekly closes above or pull-back,


Attached Image (click to enlarge)
Click to Enlarge Name: EU Nov01 Weekly new WCC 1-11-2024 9-50-35 am.png Size: 25 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,027
  • Oct 31, 2024 9:39pm Oct 31, 2024 9:39pm
Quoting emmanuel7788
{quote} Friday Nov01 Tokyo 10am 4Hr trade window > do you trade this 4Hour trade window > or you wait for the Pacific 10PM 4Hr EU Nov01 - SL 17pips - TP +5R let the market decide - watch the reaction at BRN 1.0900 {image} ...
can you share this template? thanks
  • #149,028
  • Oct 31, 2024 11:16pm Oct 31, 2024 11:16pm
Quoting bigjjnem
{quote} How can we filter this sideway part? If we can filter these out, then we will get less loses imo {image}
I'll try to explain my point of view:

  1. Identifying the Dominant Trend: It’s best to look at a higher timeframe (H1/H4 or even D1) to determine the main trend.
  2. Clear Market Structure in Higher TF: For a bullish trend, the structure should show Higher Highs (HH) and Higher Lows (HL); for a bearish trend, it should show Lower Highs (LH) and Lower Lows (LL). If you don’t see a clear market structure, it’s best to ignore that pair.
  3. Using EMA 50-100-200 as Trend Indicators: You can use these EMAs to help identify the market trend. Everything you need to learn is available in this thread: https://www.forexfactory.com/thread/...me-sr-analysis
    A quick tip: if the price action (PA) is below the Dragon trend and the EMA 50-100-200 are stacked downward, it signals a bearish trend, and vice versa for a bullish trend.
  4. Trade Only in the Direction of the Dominant Trend.

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Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #149,029
  • Nov 1, 2024 12:57am Nov 1, 2024 12:57am
Quoting emmanuel7788
{quote} Friday Nov01 Tokyo 10am 4Hr trade window > do you trade this 4Hour trade window > or you wait for the Pacific 10PM 4Hr EU Nov01 - SL 17pips - TP +5R let the market decide - watch the reaction at BRN 1.0900 {image}

Attached Image (click to enlarge)
Click to Enlarge Name: EU Nov01 Tokyo 10am 4Hr 1-11-2024 9-03-43 am.png Size: 44 KB


...

EU Nov 01 4Hr Pacific 10PM

- H4 BEEOB candle

- has your buy hit SL yet?

- Is there a trade invalidation of the Tokyo 10am buy when the Pacific 10PM H4 candle ?

Attached Image (click to enlarge)
Click to Enlarge Name: EU Nov 01 4Hr Pacific 10PM 1-11-2024 1-51-01 pm.png Size: 47 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,030
  • Nov 1, 2024 1:04am Nov 1, 2024 1:04am
Quoting markrekt
{quote} I'll try to explain my point of view: Identifying the Dominant Trend: It’s best to look at a higher timeframe (H1/H4 or even D1) to determine the main trend. Clear Market Structure in Higher TF: For a bullish trend, the structure should show Higher Highs (HH) and Higher Lows (HL); for a bearish trend, it should show Lower Highs (LH) and Lower Lows (LL). If you don’t see a clear market structure, it’s best to ignore that pair. Using EMA 50-100-200 as Trend Indicators: You can use these EMAs to help identify the market trend. Everything you...

hey TMS Folks,

this is a proven approach for many years long before the OP started trading retail spot forex as a newbie in 2006.
this same approach he followed when he was trading the US stock market for 10 years with his original 5-Method.
can't ne any simpler than this

 

  1. Identifying the Dominant Trend:
  2. Clear Market Structure in Higher TF:
  3. Using EMA 50-100-200 as Trend Indicators:
  4. Trade Only in the Direction of the Dominant Trend.

Attached Image (click to enlarge)
Click to Enlarge Name: Market Trends W1 D1 H4.jpg Size: 46 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,031
  • Nov 1, 2024 1:06am Nov 1, 2024 1:06am
Quoting emmanuel7788
{quote} {quote} > it was a good month-end closing yesterday {image} ... ...
scalping became a runner moved to the daily chart
im still holding 8 full lot short gbpjpy
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""TP is whatever you can get before it goes against you.""
  • #149,032
  • Nov 1, 2024 2:43am Nov 1, 2024 2:43am
Quoting bigjjnem
{quote} Hey Tony, Have a look at the crossing tracing line I placed in the pic. I meant how can we filter those weak entry out. Obviously, it started to drop down the ema and turn back to sideway.
Hey Bigjjnem,

I am a newbie in this system and I do think filtering bad trade is hard, I think it will be hard if looking at indicators can tell if its an good trade with 3 to 8 candles or just pop an ideal candle then went to sideways. it require PA analysis skill in my opinion, or not it will just be an holy grail. The thing that I just figure out these days is

May I ask about when you get in and put your positions? is it when you see green crosses red and stoch confirms, then if the #1 candle over then you get in directly on #2 candles?

Because in my trying and observation I find out that
the method requires quick entry. That means when green crosses red and the angle looks good PA is good, directly get in, then you could make some money even its only an 3 candles reversal. I used to get in when candle#1 is over and TDI and stoch gives an angle then I entry on candle #2. But it is very hard to earn money because the edge is small. If enter in to an situation like your graph, it is absolutely that it is an bad trade with loosing pips.

There were few confusion I also trying to figure out which get in at candle #1 requires monitoring the trade and I believe thats most of the TMS trader do(I read the post for 50 pages and that's what they are doing.)

I am still trying to getting the idea on Big E that he said entering on candle#1 and look at the angle of 12-2 or 4-6. Because when getting on candle #1 usually the candle is still on progress, how to know if its 12-2 or 4-6? even it is, its temporary angle before the candle close.

Hope there is an professional trader who have tried the system can also answer my concern.

Hope my idea could help you.
  • #149,033
  • Nov 1, 2024 2:54am Nov 1, 2024 2:54am
About whether the system is profitable,

Even though I am new in forex trading, but i do believe that this system is profitable. I think it needs to be more complete in certain way, that means to get it more details in entry and exit. Using an APB/HA candle isn't that easy to get an profit. Just like what I said, the APB/HA candle were problems. When there is strong momentums and it shows in TDI, its already pass the best entry on candle#2 and it is easy to face severe lost. Therefore I think moving to candle#1 and monitor the trade to see how that work. I will use tradingview to do an quick test on 4hr frame, 1 hr frame and 15Min frame then post the result in here. But rather using big E's idea about exit, I will use an TP to see the correctness of the trade and how it works.

If anyone have any suggestions about the system, feel free to pop up.
  • #149,034
  • Nov 1, 2024 3:22am Nov 1, 2024 3:22am
Quoting tony228
{quote} Hey Bigjjnem, I am a newbie in this system and I do think filtering bad trade is hard, I think it will be hard if looking at indicators can tell if its an good trade with 3 to 8 candles or just pop an ideal candle then went to sideways. it require PA analysis skill in my opinion, or not it will just be an holy grail. The thing that I just figure out these days is May I ask about when you get in and put your positions? is it when you see green crosses red and stoch confirms, then if the #1 candle over then you get in directly on #2 candles?...
first you need to figure out which is candle#1 in real-time live market ...

not on old charts ...

Attached Image (click to enlarge)
Click to Enlarge Name: EU Nov01 London 0825am 1-11-2024 4-23-32 pm.png Size: 43 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,035
  • Nov 1, 2024 3:29am Nov 1, 2024 3:29am
Quoting emmanuel7788
{quote} first you need to figure out which is candle#1 in real-time live market ... not on old charts ... {image} ...
That's what I am trying to figure out, which one count? Does the #1candle is the one after the green crosses red count as #1 or the one just changed the color but TDi didn't cross yet?
  • #149,036
  • Nov 1, 2024 3:37am Nov 1, 2024 3:37am
Quoting tony228
About whether the system is profitable, ///
When you have done what Big E said,

... develop a winning system that fits you ... and to tweek your strategy to stay up with changing market conditions ...

I have no doubt that you will be profitable.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,037
  • Nov 1, 2024 4:15am Nov 1, 2024 4:15am
Quoting tony228
{quote} That's what I am trying to figure out, which one count? Does the #1candle is the one after the green crosses red count as #1 or the one just changed the color but TDi didn't cross yet?
EU Nov 01 London 9am 4Hr

do you see the problem with the H4 chart ?

Attached Image (click to enlarge)
Click to Enlarge Name: EU Nov01 Pacific 2am 1-11-2024 5-04-17 pm.png Size: 43 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,038
  • Nov 1, 2024 7:20am Nov 1, 2024 7:20am
Hello emmanuel,

On the UJ pair in H4, is this buy position correct?
Thanks for the encouragement and the lessons, which are great.

Girelli
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H4.jpg Size: 124 KB
Sorry for my English: Google translator
  • #149,039
  • Nov 1, 2024 7:25am Nov 1, 2024 7:25am
Keep up the work Emmanuel. I check this thread for fun here and there and I respect your consistency.
  • #149,040
  • Nov 1, 2024 8:03am Nov 1, 2024 8:03am
Quoting Girelli
Hello emmanuel, On the UJ pair in H4, is this buy position correct? Thanks for the encouragement and the lessons, which are great. Girelli {image}

looking at the recent price action,

the setup and entry is earlier candle,

but knowing it is Friday, we would avoid trading the 4Hr

Attached Image (click to enlarge)
Click to Enlarge Name: Girelli UJ H4 entry 1-11-2024 8-55-41 pm.png Size: 210 KB




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