DislikedI’ve been reading through this thread, and just found out the owner Eelfranz has sadly passed away. It’s good to see the thread has kept on going, but looking through recent posts setups look different to the original rules set by Eelfranz. Is anyone still trading the original system and rules set by Eelfranz?Ignored
A+++ trades mean higher probability setup and the TDI cross and APB change colour give confidence and confirm my trade entries.
For exits, I don't follow the original exit rules when the TDI goes flat or hook back. I scale out my trades which enables me to ride the trends longer reading the PA using candlestick patterns.
I also incorporate my own money management strategy which allows me to trade with multiple entries and multiple exits ME/ME instead of trading with single entry and single exit. The ME/ME MM strategy is proven to be more effective in longer term trading.
For trade management, I use an automated trade manager EA which eliminates the emotions when I am managing trades.
TMS is a trend trading method. Like all trend trading systems, the trader need to be competent to determine the market trends he/she wants to trade. Different timeframes will show different trend therefore if you intend to trade TMS, you need to decide which timeframe you want to trade.
There are many traders here who trade the H1 timeframe. This H1 trading require good PA reading skills beacause H1 entries are mostly PA based and the TDI cross is only to confirm the PA entry.
For those trading the H4 timeframe, they rely strictly on using TDI cross for entry. But exit management is the challenge for many traders. Many traders place small initial SL when trading H4 timeframe and this is one cause for poor trade results. Exit management skill requires the trader to determine where the technical and logical stop loss should be place on entry and to manage moving stops as trade progress. Position sizing is also necessary when trading larger account size and to prevent over exposure.
Since you are able to distinguish that recent posts differs from the original rules, I assume you are an experienced trader and you know the original rules well. Why not be active on a regular basis going forward.
regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett