Trading Made Simple

Quoting Moaman

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I agree with Edwdev, great resource and thank you for all the contributions and ongoing market analysis, incredibly helpful! I'm still trialling this in Demo on MT5 without the TMS monitor (but I might look into that) and it's performing well. {quote} I traded this last night thinking it was a gd setup, what did you see there that it was to fail? I thought it looked pretty good! Many thanks

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Quoting emmanuel7788

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{quote} EU Apr22 4Hr Tokyo 11am now, not the best conditions now and not A+++ setup come back at London 6am Pacific 10pm, the next 4Hr {image}

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Quoting emmanuel7788

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{quote} 7 minutes to London 6am Pacific 10pm EU Apr22 Tokyo 1pm update - price has move back up and the TDI green is still lagging ... {image} ... {image}

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Quoting edwdev

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Hey Emmanuel, first and foremost, I'd like to express my sincere gratitude for your significant contributions here on Forex Factory, particularly regarding the TMS 5-Method. Your willingness to share your knowledge is greatly appreciated by many, including myself. In my own search for a potentially profitable trading strategy, I've recently decided to focus my efforts on learning the TMS 5-Method. Over the last couple of days, I've immersed myself in the available material. I've read through both "Best of Big E" PDFs and have been actively reading...

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Quoting emmanuel7788

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{quote} Apr 22 London 6am, Pacific 10pm TMS Monitor 4Hr {image} EU 4Hr - big candle, small candles .... aka Master Candle >>>> CONSOLIDATION {image} ...

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Quoting edwdev

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/// Mistakes: 1. What are the most common mistakes that most beginners, and maybe even experienced TMS traders, make regarding P/A, or any other aspect, that if changed could make them profitable? (I want to avoid this mistakes from the beginning, if possible haha). Also, since you trade it for so long, how profitable is this strategy for you? These are my questions for now, I know that they are a lot. I totally understand if you don't have time, or if you simply don't want to answer them, I still appreciate all the things you do here...

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Quoting edwdev

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///// Price Action: 1. From your experience, what are the most common P/A "patterns" that a beginner should look for most of the time? 2. Did I understand it correctly that P/A is more important than the TDI indicator? For example, even if all the indicators (ex. Watchdog, tdi, stoch, histo etc.) signal a good trade, if the P/A doesn't agree, one should not enter the trade. ////

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Quoting emmanuel7788

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{quote} Apr 22 London 6am, Pacific 10pm TMS Monitor 4Hr {image} EU 4Hr - big candle, small candles .... aka Master Candle >>>> CONSOLIDATION {image} ...

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Quoting emmanuel7788

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{quote} Apr 22 London 6am, Pacific 10pm TMS Monitor 4Hr {image}

Attached Image (click to enlarge)

EU 4Hr - big candle, small candles .... aka Master Candle >>>> CONSOLIDATION {image} ...

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Quoting emmanuel7788

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{quote} If you follow the OP' post #2617, you would have to spend two years .... what did we learn in that two years here during the covid-19 pandemic? These PA setups are very common: 1) PCRF 3bars/candles reversal 2) Swing High /Swing Low seen with five(5) bars / candles 3) Engulfing bars/candles BUEB/BEEB 4) Engulfing Outside bars/candles BUEOB/ BEEOB 5) Double Bars Low with Higher Close and Double Bars High with Lower Close DBLHC & DBHLC You do not need the TDI to confirm...

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Quoting eelfranz

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I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that...

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Quoting eelfranz

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/// If I do any day trading I'll use 1hr charts at news time. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor... I hate to monitor charts anyway. Even if I scalp the market I use 4hr charts with success.... 4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits... The key to building confidence is to study old charts... look at the TDI moves and how it looks on PA so every time you see that same set up you will know your odds for success are high.

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Quoting emmanuel7788

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{quote} If you follow the OP' post #2617, you would have to spend two years .... what did we learn in that two years here during the covid-19 pandemic? These PA setups are very common: 1) PCRF 3bars/candles reversal 2) Swing High /Swing Low seen with five(5) bars / candles 3) Engulfing bars/candles BUEB/BEEB 4) Engulfing Outside bars/candles BUEOB/ BEEOB 5) Double Bars Low with Higher Close and Double Bars High with Lower Close DBLHC & DBHLC You do not need the TDI to confirm...

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Quoting emmanuel7788

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Tuesday Apr 22, nothing on FF calendar, BUT there is something happening every hour which retail traders do not see, {image} ...

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Quoting Malin85

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{quote} Hi, Emmanuel Please be so kind and share more info regarding PA setups. I’ve found some of your older materials (PRCF), it’s very helpful for me. Thanks,

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Quoting moneymakersc

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What is good eelfranz, I just have a question, and if anyone knows that and can tell me. Does this strategy work in tradingview? and which one should i use if you guys know. Thank you so much!

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Quoting Malin85

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{quote} Hi, Emmanuel Please be so kind and share more info regarding PA setups. I’ve found some of your older materials (PRCF), it’s very helpful for me. Thanks,

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