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  • #65,201
  • Jan 29, 2016 11:17pm Jan 29, 2016 11:17pm
Quoting Bardy
{quote} Fxafrica, that's a good link but most of what's in that article isn't useful for FX traders and TMS traders. Here's some links where it relates directly to FX & Price Action and which can be useful for the TMS 5 method. http://2ndskiesforex.com/trade-signa...-price-action/ Also found this to be very useful http://2ndskiesforex.com/trade-signa...-4hr-charts-2/ this is a compliment to the link prior http://2ndskiesforex.com/trade-signa...he-4hr-charts/...
Great stuff Bardy...

Many thanks
FXafrica " it is in giving that you receive..."
  • #65,202
  • Jan 30, 2016 12:10am Jan 30, 2016 12:10am
Quoting blackfriday
{quote} TSS, Love your trades... how often do you check your charts? Every hour? Do you ever loose ;-) ?
I seldom loose now, actually last 3 weeks I had only one lost which was yesterday for 18 pips , I often check my trade at the time of opening the trade, and then like very 15 min to 1 hour
I Have Learned to Take Some Losses to Make Profits
  • #65,203
  • Jan 30, 2016 12:18am Jan 30, 2016 12:18am
Quoting Bardy
{quote} Fxafrica, that's a good link but most of what's in that article isn't useful for FX traders and TMS traders. Here's some links where it relates directly to FX & Price Action and which can be useful for the TMS 5 method. http://2ndskiesforex.com/trade-signa...-price-action/ Also found this to be very useful http://2ndskiesforex.com/trade-signa...-4hr-charts-2/ this is a compliment to the link prior http://2ndskiesforex.com/trade-signa...he-4hr-charts/...
Bardy!!! bro the links you shared are fantastic....just finished reading them. Very helpful...Many thanks
FXafrica " it is in giving that you receive..."
  • #65,204
  • Jan 30, 2016 1:35am Jan 30, 2016 1:35am
Quoting Bardy
{quote} Hey tibovwh, tough break man. I wrote a post 2 pages back about trading with trend regardless of what the TDI says or what the short term corrective move is. I don't know how long you have been trading, I was like you once where I made mistakes jumping out of a trade I thought was bad only to enter a worse trade. Before you take a trade on the TDI cross you should have a Price Action checklist. 0) Multiple Time Frame Analysis 1) Trend Direction or Ranging Markets 2) How volatile is the market 3) Is Price Action heading towards a Key support...
Hi Bardy, What is Key Level (monthly)?
please send pic,

Regards, dan
  • #65,205
  • Jan 30, 2016 5:33am Jan 30, 2016 5:33am
Quoting Fxafrica
{quote} Bardy!!! bro the links you shared are fantastic....just finished reading them. Very helpful...Many thanks
You got it Fxafrica. More to come. But I recommend anyone new to Fx to check them out.
  • #65,206
  • Jan 30, 2016 5:34am Jan 30, 2016 5:34am
Quoting Trader MT4
{quote} Hi Bardy, What is Key Level (monthly)? please send pic, Regards, dan
Just a support or resistance level from the monthly chart.
  • #65,207
  • Jan 30, 2016 7:56am Jan 30, 2016 7:56am
Some more articles to help anyone new to FX and price action. This one about Dynamic Support & Resistance which can help TMS traders place a trade through this sort of confluence http://2ndskiesforex.com/trade-signa...nd-resistance/. And this one is more about the mental side of trading, in particular Discipline, which is something all new traders and struggling traders need to have a profitable lifespan in trading http://2ndskiesforex.com/trade-signa...s-for-traders/. This article is a great interview with Jason Stapleton on how he turned $250,000 into almost a million dollars in 90 days. This article is good because he gets into the mental aspect of trading which I think is always useful for all traders trading whatever system out there http://www.fxtradermagazine.com/fore...-stapleton.php
  • #65,208
  • Jan 30, 2016 8:33am Jan 30, 2016 8:33am
Quoting Fxafrica
i found this article that could help to understand price action... http://www.swing-trade-stocks.com/price-action.html Very very useful Keep moving.
Just read this article - very very good learning on price action. Thanks Fxafrica
  • #65,209
  • Jan 30, 2016 11:27am Jan 30, 2016 11:27am
A pretty straightforward article on why it's better to use Heiken Ashi candles for trend trading and price action context. This is a sort of validity to Big E's use of HA candles or Average Price Bars (APB) which are similar but yet different. Something good for newer traders to TMS read up on https://www.dailyfx.com/forex/educat...hy-Trends.html
  • #65,210
  • Jan 30, 2016 3:26pm Jan 30, 2016 3:26pm
Quoting Fbps
{quote} Thank you Bushy for the chart....I did the same after you posted and make some pips (got out a bit early but better be positive than negative).
I'm actually still in that trade, that was intention when I entered, I won't be trading intraday anymore, it's too much foe me, I accept that I don't have the psychology to do it, better for me to have much longer term trades, moving SL to behind swings and closing at targets, at least 1.0800 in this case, I will see where the next swing is.

From your comment it seems that you probably had less than a 1:1 risk reward, this is why I've been thinking of starting a thread for TMS purely for 4hr charts, as emmanuel has said, don't mix and match strategies, but it's hard when you take a 4 hr trade and then you see someone take 50 pips maybe on the same entry, but they're trading on the 1hr. That trade may still go into negative territory before I can move my SL and it could even stop me out at a loss, but hey, in the long term I know it's better for me.

Posters keep saying, well that's not quite TMS rules or what are the rules exactly? Well the thing is you need to understand the system, you need to understand the basic movements of the market also, you need to understand the chart and have an idea of what's going on, then you can use the system as you see fit rather than trying to apply the rules blindly and you can use your discretion to your own ends to succeed. It's like life, there are rules, and you generally abide by them, but sometimes you ask what do I do now? And nobody has the answer for you, you need to find a way to find those ansers for yourself. I know all this and understand what is needed, and YET I struggle at times after all these years, purely just because of psychology. I'm an emotional person, and it doesn't help with trading, but I have one thing above all else and that is determination and I won't let no f*ck*r beat me, least of all some measly damn chart on my screen.

FOCUS ON WHAT YOU ARE DOING, use what other posters say and show, but don't lose sight of your own plan.
  • #65,211
  • Jan 30, 2016 4:50pm Jan 30, 2016 4:50pm
Quoting Bardy
{quote} So trade the 8HR or Daily charts. 8HR charts you only need to look at the chart 3 times a day. Daily once (or more depending on how you like to manage your trades). Here is a chart of the 8HR GBPUSD, notice all the white lines for the trades in the direction of the trend, which in this case Price Action is below the 200MA so we would want to trade the impulsive legs down. These are all profitable trades. You should consider trading the 8HR. It takes patience and discipline, however it may benefit your lifestyle so you don't have to burn...
Bardy,
thx for your reply... I have never thought of H8 charts and will consider this TF in the next weeks.

Today I have tried to analyze my mistakes of last week and simulated a lot of 4h trades. More important, I have written down again all trading rules and steps to follow before entering a trade (which I had partly ignored...). So far, H4 looks good to me and I will give it a try during the next weeks
Best regards, blackfriday
  • #65,212
  • Edited 7:57pm Jan 30, 2016 7:47pm | Edited 7:57pm
Hi traders,

I've been getting quite a few private messages from newer TMS traders asking if they could get in contact with Big E (Eelfranz). I'm just letting you guys know unfortunately, you won't be able to contact him as he passed away a few years back.

The TMS trading manual
What I would like you guys to do is save this PDF to your desktop and study it. It's all of Big E's posts and chart examples and this is what I used to learn and perfect the TMS. This was (and still is) my trading "bible".
I also saved the PDF on my phone, downloaded a "PDF Voice Reader" for Android and I "listen" to it in the car and while commuting. And if I'm not listening to it, I have it printed out and I read and look at the entries and study them (as pictured below).

Practice this! Forget all the fluff in the thread. Focus on Big E's teachings.

+140 pip trade taken on Friday's 4H chart
(Chart below is an animated GIF if you click on the pic).
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 20160131_120348.jpg Size: 102 KB
  • #65,213
  • Jan 30, 2016 8:37pm Jan 30, 2016 8:37pm
Quoting emmanuel7788
{quote} I follow Rule#7 http://www.forexfactory.com/attachme...7&d=1420532737 If I follow everything Big E said, I can only be a good as he was. But I want to be better than what he was in 2011.
Well said Emmanuel and nice pdf. Should be required reading for all traders.
  • #65,214
  • Jan 30, 2016 8:40pm Jan 30, 2016 8:40pm
Quoting Dimi.A
Hi traders, I've been getting quite a few private messages from newer TMS traders asking if they could get in contact with Big E (Eelfranz). I'm just letting you guys know unfortunately, you won't be able to contact him as he passed away a few years back. The TMS trading manual What I would like you guys to do is save this PDF to your desktop and study it. It's all of Big E's posts and chart examples and this is what I used to learn and perfect the TMS. This was (and still...
I have 2 pdf's with Eelfranz and Snarlyjacks important posts but these 113 pages are new for me. Thanks Dimi.
  • #65,215
  • Jan 30, 2016 8:41pm Jan 30, 2016 8:41pm
Quoting TheScorpS
{quote} I seldom loose now, actually last 3 weeks I had only one lost which was yesterday for 18 pips , I often check my trade at the time of opening the trade, and then like very 15 min to 1 hour
Hi TSS,
A great statement, well done.
Care to share anything that will help turn around a depleting trading account.
Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #65,216
  • Jan 30, 2016 9:09pm Jan 30, 2016 9:09pm
Quoting Bardy
Some more articles to help anyone new to FX and price action. This one about Dynamic Support & Resistance which can help TMS traders place a trade through this sort of confluence http://2ndskiesforex.com/trade-signa...nd-resistance/. And this one is more about the mental side of trading, in particular Discipline, which is something all new traders and struggling traders need to have a profitable lifespan in trading http://2ndskiesforex.com/trade-signa...s-for-traders/....

Hi Bardy,

Some very good reading and study stuff you provided in this thread lately. Many thanks for all the upload links. I LIKE!
Members here need good reliable resources for reference and clock those hours of learning experience accumulate their wealth of knowledge which they will build a strong foundation for their forex trading business.

I don't know this Jason Stapleton guy but reading his interview, some of the things which he mentioned made a lot of sense and those were things I did many years ago which helped me reached and maintain my trading consistency.

Attached Image (click to enlarge)
Click to Enlarge Name: Get real Jason Stapleton.png Size: 272 KB


I wrote in this thread before. Those who want to be successful trading with TMS, you wont find it here in FF. You need to find your way and you won't find it here.
You need to find a small group of like-minded traders and get together on regular basis, you should trade together all the time.

Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,217
  • Jan 30, 2016 9:27pm Jan 30, 2016 9:27pm
Quoting Dimi.A
Hi traders, I've been getting quite a few private messages from newer TMS traders asking if they could get in contact with Big E (Eelfranz). I'm just letting you guys know unfortunately, you won't be able to contact him as he passed away a few years back. The TMS trading manual What I would like you guys to do is save this PDF to your desktop and study it. It's all of Big E's posts and chart examples and this is what I used to learn and perfect the TMS. This was (and still...
Hi Dimi

I think we let the members here experience for themselves and they will learn along their way. They will know what are they need and take in those which they will need for their own strong foundation. They will have to decide on their own what they need and 'fluff' the rest of this thread. They all deserve to have that 6,000 hours of experience what Big E had up to the point when he decided to to simplify his trading to the 5-Method on H4.

Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,218
  • Edited 10:28pm Jan 30, 2016 9:56pm | Edited 10:28pm
Quoting emmanuel7788
{quote} Hi Dimi I think we let the members here experience for themselves and they will learn along their way. They will know what are they need and take in those which they will need for their own strong foundation. They will have to decide on their own what they need and 'fluff' the rest of this thread. They all deserve to have that 6,000 hours of experience what Big E had up to the point when he decided to to simplify his trading to the 5-Method on H4. Have a Good Weekend.
That's the issue here. The fluff confuses everyone. If people need to add additional things to their charts that's fine, do it and experiment with it in other threads or they can make their own separate journal. But for the sake of learning the TMS they should not post anything else in here because it ends up adding more confusion and new people lose focus and get lost in the rubble. I know this because I was one of those people too.

Big E never wanted people to post charts with the additional indicators. We can see him stating that all throughout the thread.
I respected the gift he gave us and that's why I post up charts that resemble his as close as I can. I trade his techniques and I do so with honesty so I can help others follow in his footsteps.

If I "play" around with other indicators and strategies I do so privately without posting things in here.

Trust me, the new TMS traders are confused. And it's a shame because the past 2000 or so pages is packed with good info but also a lot of bullshit too from people who just come in and dump their rubbish and leave. Reading through it gives me a sore crotch.

Since Big E died, the thread didn't follow his wishes. And that's so sad because he really gave us so much. This thread would never have gone silly like this if he was still alive.

So this is why I'm asking others to please respect his thread and his trading techniques.
This thread is not experimental grounds for "fluff". I, myself, got my first 6000 hours of learning forex here in the TMS thread by following Big E's techniques, his PDF's and using his charts and indicators. But I never posted things that had nothing to do with TMS even when I was new to it!

I hope traders in here can respect his thread and his wishes. The thread is in serious need of a mass cleanup. And because we're unable to do that, we should all try and focus on the way the TMS was. And not try to revolutionize it (or we can start our own new threads and do that somewhere else).

Catch you all next week.
  • #65,219
  • Jan 30, 2016 10:07pm Jan 30, 2016 10:07pm
Quoting emmanuel7788
{quote} Hi Bardy, Some very good reading and study stuff you provided in this thread lately. Many thanks for all the upload links. I LIKE! Members here need good reliable resources for reference and clock those hours of learning experience accumulate their wealth of knowledge which they will build a strong foundation for their forex trading business. I don't know this Jason Stapleton guy but reading his interview, some of the things which he mentioned made a lot of sense and those were things I did many years ago which helped me reached...
Hey thanks Emmanuel. I like Stapleton's approach to trading. Here's a pdf by Stapleton and his approach to a trading mindset. http://www.tradeempowered.com/resour...rex_trader.pdf
  • #65,220
  • Edited 11:06pm Jan 30, 2016 10:24pm | Edited 11:06pm
Quoting Dimi.A
{quote} That's the issue here. The fluff confuses everyone. If people need to add additional things to their charts that's fine, do it and experiment with it in other threads or they can make their own separate journal. But for the sake of learning the TMS they should not post anything else in here because it ends up adding more confusion and new people lose focus and get lost in the rubble. I know this because I was one of those people too. Big E never wanted people to post charts with the additional indicators. We can see him stating that all...

I fully agree with you that everyone should only post their trade charts with the 5-Method i.e. the APB/HA and TDI only. The Stochastics is optional. These are the essential for TMS 5-Method trading decisions.

When we see anyone post something totally different, we tell them nicely and preferably use PM.

We can keep repeating and asking people to read Big E's posts. But trust me, many will still be confused. I get many PMs from 'confused' members. I know each and everyone's cause of confusion. They are all the same one reason... poor understanding of what they read.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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