{quote} EU Sep 19 New York Open 8am - Trade Management - Move TSL to lock-in +1R, wait for target +5R - when price move and close below +4R level , move TSL to lock-in +2R, - then let the market decide. {image} ...
{quote} EU Sep 19 M5 New York 8:30am - Trade Management - price closed below +4R level - move TSL to lock-in +2R and let it run {image} ...
// 2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean? It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why? Read above... I can take...
Maybe one of you has a video on YouTube that will help me understand your perception of PA?
1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... {image}
{quote} The follow Price Action setups which you can trade without the TDI. 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 the above PA setups. You need confidence to trade PA setups which have statistical winning edge. Just do it for the next 1,000 trades and your confidence will grow. Below is EU example...
{quote} {image} {image} TMS method for the GU sell. TDI cross down as price rejected from previous high. Retrace of TDI from 68 Got alert of this on my phone and entered trade SL prev H TP one price level away {image} {image} ==== Trading Made Simple 3 year summary ___________________ TMS Method rules: #144535 Performance track on an account (~950 trades / TMS setups): #144517 #129706,...
{quote} Hi, thanks for the tutoring. So in this case, if the last bar (5), closes below the first bar, that means the price will keep pushing down right? Since it has broken the low of the first bar
{quote} Hi, do we have a tenplate for this? And on Tradingview too? I'd like to learn... Thanks for sharing
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...
Unless you mastered this method already... keep the questions or concerns coming. Post your Demo trades too. Continue making Demo trades to build your confidence and study old charts where the TDI gives clean signals... it will pay you in spades... well, pips in our case...
{quote} Important post #11 above apply everyday when we trade. Tuesday Sep 23 {image} TMS Monitor 4Hr London 6am - there is no 4Hr setup at London 6am - BUT you know the direction of the market for today ... posts #261 and #647 {image} >>> This is Trading Made Simple when you have mastered the 5-Method. post #160 {quote} ...
Hi all, I am new to this system and want to ask if someone is trading daily chart? Is for daily chat good enough to put SL just above candle which broke SMA 5? Or you use swing high as your SL placement? Which higher timeframe do you look for daily, weekly or monthly? Thank you for the answers.
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so...I'll only enter if the candles are medium length or larger... wish me luck ...
