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  • #71,721
  • Oct 4, 2016 12:41am Oct 4, 2016 12:41am
Quoting emmanuel7788
EURGBP analysis: Be warned, this is not TMS 5-Method. Disclaimer: I am not an excellent, not a good trader, not a master trader, etc. Do not follow what I do and say here. Look at H1 chart below: Look at how the market retraced back into that H1 WRB 2 times. Do you see sellers in those 2 pull back? {image} Next look at H4 chart below. there is a H4 WRB and the market did not pull back into that WRB. Will pullback into that H4 WRB later, maybe and maybe not. But there is possibility when there are enough orders to fill. But we can;t see all that...
EURGBP Update GMT0535:

took another look at H1,
it now do a 3rd retrace into that H1 WRB.
we still cannot see if there are sellers or buyers, generally it looks choppy.
there must be lots of stop and limit orders accumulating now. the smart money will get to work soon when there are enough orders to fill.
we poor retail traders cannot see the orders and the real volume. there is no central exchange for spot forex.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 40 Oct 4 H1 update1.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,722
  • Oct 4, 2016 1:02am Oct 4, 2016 1:02am
Quoting emmanuel7788
{quote} EURGBP Update GMT0535: took another look at H1, it now do a 3rd retrace into that H1 WRB. we still cannot see if there are sellers or buyers, generally it looks choppy. there must be lots of stop and limit orders accumulating now. the smart money will get to work soon when there are enough orders to fill. we poor retail traders cannot see the orders and the real volume. there is no central exchange for spot forex. {image}
i appreciate your insights and the way you share your ideas but can you keep this for TMS method?
  • #71,723
  • Oct 4, 2016 1:07am Oct 4, 2016 1:07am
EURJPY Week 40 Oct 4 TMS ME/ME trading:

Be warned!
This is not core TMS Big E style because I cannot trade with risk of 15% to 30% of my account deposit like him.
I risk 1% per ME/ME basket.
Win Rate is 65%. Expectancy 2.3.
Average 3.5 ME trades per basket / Position. There will be some losing trades, but few losing basket/Position.
Current Market Type is sideways wide ranging.

Disclaimer : I am not an expert trader. I did not claim to be one. I did not ask anyone to follow my trade. I cannot promise you that you will succeed in trading with TMS.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 40 Oct 4 MEME trade open.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,724
  • Oct 4, 2016 1:11am Oct 4, 2016 1:11am
Quoting chino
{quote} i appreciate your insights and the way you share your ideas but can you keep this for TMS method?

Do you mean I should stop posting such analysis?

I don't have a problem to stop posting these.

But TMS traders must learn how to interpret Big E post#647 what he meant in that post. .. what he meant by big candles, small candles, what to look at and what they mean...etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,725
  • Edited 1:23am Oct 4, 2016 1:13am | Edited 1:23am
Quoting emmanuel7788
EURJPY Week 40 Oct 4 TMS ME/ME trading: Be warned! This is not core TMS Big E style because I cannot trade with risk of 15% to 30% of my account deposit like him. I risk 1% per ME/ME basket. Win Rate is 65%. Expectancy 2.3. Average 3.5 ME trades per basket / Position. There will be some losing trades, but few losing basket/Position. Current Market Type is sideways wide ranging. Disclaimer : I am not an expert trader. I did not claim to be one. I did not ask anyone to follow my trade. I cannot promise you that you will succeed in trading with TMS....

Dont understand, i don't mind you sharing your trades or ideas but this is TMS method and you are no following the Big e rules,

Quoting eelfranz
Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy. Important to study...
there is no need to trade with 15-30% as he does, he never say thats a rule

because in the other post you are talking about accumulative and stuff like that..

Quoting emmanuel7788
{quote} Do you mean I should stop posting such analysis? I don't have a problem to stop posting these. But TMS traders must learn how to interpret Big E post#647 what he meant in that post. .. what he meant by big candles, small candles, what to look at and what they mean...etc.

ok lets take it easy.. I'm not here to judge neither to say you stop doing what you being doing for a while.. i just ask if you could do as Big E used to, as this thread is what for , Trading Simple .
  • #71,726
  • Oct 4, 2016 1:28am Oct 4, 2016 1:28am
Quoting chino
{quote} Dont understand, i don't mind you sharing your trades or ideas but this is TMS method and you are no following the Big e rules, {quote} there is no need to trade with 15-30% as he does, he never say thats a rule because in the other post you are talking about accumulative and stuff like that.. {quote} ok lets take it easy.. I'm not here to judge neither to say you stop doing what you being doing for a while.. i just ask if you could do as Big E used to, as this thread is what for , Trading Simple .
@chino,

EURJPY
You go to D1 chart and tell us what do you see.
Then go to W1 chart and tell us what do you see.

Do you know why Big E did not like to trade the D1 chart yet he say we should not be afraid to trade the D1 chart?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,727
  • Oct 4, 2016 1:33am Oct 4, 2016 1:33am
Quoting emmanuel7788
EURJPY Week 40 Oct 4 TMS ME/ME trading: Be warned! This is not core TMS Big E style because I cannot trade with risk of 15% to 30% of my account deposit like him. I risk 1% per ME/ME basket. Win Rate is 65%. Expectancy 2.3. Average 3.5 ME trades per basket / Position. There will be some losing trades, but few losing basket/Position. Current Market Type is sideways wide ranging. Disclaimer : I am not an expert trader. I did not claim to be one. I did not ask anyone to follow my trade. I cannot promise you that you will succeed in trading with TMS....

Hi Emm,

Quick question, should we watch out for D1 WRB high and 50EMA for this pair? the price is near those areas.
edit: also RN 114.500 and last weekly high

May you kindly share why that's a setup you want to enter using ME/ME, thank you!!

regards,

steven
  • #71,728
  • Oct 4, 2016 1:36am Oct 4, 2016 1:36am
Quoting emmanuel7788
{quote} @chino, EURJPY You go to D1 chart and tell us what do you see. Then go to W1 chart and tell us what do you see. Do you know why Big E did not like to trade the D1 chart yet he say we should not be afraid to trade the D1 chart?
D1 . A good candle with good TDI angle but is the 3rd candle so if i follow the rules i shouldn't trade
W1 - Consolidation. Although i don t look on other time frames :S

he didn't like because on daily it can move to many pips in wrong way and for him it was maybe $100s possible lose, but he always say ppl should try 4hr or daily
  • #71,729
  • Oct 4, 2016 2:01am Oct 4, 2016 2:01am
Quoting chino
{quote} D1 . A good candle with good TDI angle but is the 3rd candle so if i follow the rules i shouldn't trade W1 - Consolidation. Although i don t look on other time frames :S he didn't like because on daily it can move to many pips in wrong way and for him it was maybe $100s possible lose, but he always say ppl should try 4hr or daily

Thank you Chino.

D1 chart: since you follow the 3rd candle rule so no trade that is fine.

W1 chart: you are right about the consolidation.

Core belief of TMS:
1. Each price swing run 3 to 8 candles.
Therefore if D1 chart is already 3rd candle, and the Price Action is above the 5EMA which show us the direction, why don't we drop down one timeframe like H4 and look if there is trade opportunity in the direction of the D1 chart and try capture the 3rd , 4th , 5th , so on, candles.

In H4, I see several TMS setups which did not run well and if we follow Big E exit rule when price pull back 10 to 15 pips, he would exit with small loss. that is onky and he has 70 to 80 % win rate.

What I see in H4 is there was consolidation and there is s nice breakout of the consolidation with TDI bounce. I follow rules in post#647. Do not trade when market is in consolidation or near a consolidation. Look at big candles and small candles of last reversal, what for?
If price pulls back, how do I mitigate that? I use average entry price with maximum 5 ME trades.

The opportunity is the D1 will run 3 to 8 candle and the Weekly trading range is 315 to 323 pips range. I only want to capture 60% of that range on H4 swing trading this week. No guarantee it will work out but I know my win rate is 65% with Expectancy of 2.5.


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 40 Oct 4 TMS simple.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,730
  • Oct 4, 2016 2:03am Oct 4, 2016 2:03am
Quoting shr5
{quote} Hi Emmanuel, Would you be kind enough to share your pivot indi? Thanks and Regards, Raza
Kind reminder......
Raza
  • #71,731
  • Oct 4, 2016 2:13am Oct 4, 2016 2:13am
Quoting mousteven
{quote} Hi Emm, Quick question, should we watch out for D1 WRB high and 50EMA for this pair? the price is near those areas. edit: also RN 114.500 and last weekly high May you kindly share why that's a setup you want to enter using ME/ME, thank you!! regards, steven

Hi Steven,

it is good to pay attention to the D1 big candle we see as WRB.
Don't worry about 50EMA, it is only use in BPP and trade planning. I am more interested to see what W1 will do at its 10EMA.

Why 4HSwing with ME/ME. The answer is in post above this. D1 chart is 3rd candle , so we chase candle 4, 5 and 6.... in H4 for a weekly swing. ME/ME will help us get an average entry price with low risk using Position Sizing.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,732
  • Oct 4, 2016 2:16am Oct 4, 2016 2:16am
Quoting emmanuel7788
{quote} Thank you Chino. D1 chart: since you follow the 3rd candle rule so no trade that is fine. W1 chart: you are right about the consolidation. Core belief of TMS: 1. Each price swing run 3 to 8 candles. Therefore if D1 chart is already 3rd candle, and the Price Action is above the 5EMA which show us the direction, why don't we drop down one timeframe like H4 and look if there is trade opportunity in the direction of the D1 chart and try capture the 3rd , 4th , 5th , so on, candles. In H4, I see several TMS setups which did not run well and if...


Thanks a lot, appreciate
  • #71,733
  • Oct 4, 2016 2:22am Oct 4, 2016 2:22am
Quoting shr5
{quote} Kind reminder......

later today.
I dont want to distract traders when London open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,734
  • Oct 4, 2016 2:45am Oct 4, 2016 2:45am
Quoting emmanuel7788
{quote} Thank you Chino. D1 chart: since you follow the 3rd candle rule so no trade that is fine. W1 chart: you are right about the consolidation. Core belief of TMS: 1. Each price swing run 3 to 8 candles. Therefore if D1 chart is already 3rd candle, and the Price Action is above the 5EMA which show us the direction, why don't we drop down one timeframe like H4 and look if there is trade opportunity in the direction of the D1 chart and try capture the 3rd , 4th , 5th , so on, candles. In H4, I see several TMS setups which did not run well and if...
D1 is sitting at the top TL of a triangle. I am in other MEME trades, but not on EJ.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 89 KB
  • #71,735
  • Oct 4, 2016 3:30am Oct 4, 2016 3:30am
Quoting emmanuel7788
{quote} later today. I dont want to distract traders when London open.
Alrighty thanks Looking forward to it
Raza
  • #71,736
  • Oct 4, 2016 4:29am Oct 4, 2016 4:29am
Hi Emanuel,

where I can download this indicator pivots ?
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 40 Oct 4 BN w Pivots.png Size: 80 KB
  • #71,737
  • Oct 4, 2016 4:38am Oct 4, 2016 4:38am
Quoting emmanuel7788
{quote} EURGBP Update GMT0535: took another look at H1, it now do a 3rd retrace into that H1 WRB. we still cannot see if there are sellers or buyers, generally it looks choppy. there must be lots of stop and limit orders accumulating now. the smart money will get to work soon when there are enough orders to fill. we poor retail traders cannot see the orders and the real volume. there is no central exchange for spot forex. {image}

EURGBP H4 update GMT0930.

EG presses higher after the 3rd retracement into the H1 WRB.

All the sellers at Pivot S61 are in drawdown now. Next level is R100 which is 50pips away from R61. No guarantee that it will reverse at R100 because the market is buying Euro and selling Gbp.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 40 H4 press higher.png Size: 81 KB


TMS traders must wait till we see sellers and that very important TMS sell setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,738
  • Oct 4, 2016 5:15am Oct 4, 2016 5:15am
Quoting emmanuel7788
{quote} EURGBP H4 update GMT0930. EG presses higher after the 3rd retracement into the H1 WRB. All the sellers at Pivot S61 are in drawdown now. Next level is R100 which is 50pips away from R61. No guarantee that it will reverse at R100 because the market is buying Euro and selling Gbp. {image} TMS traders must wait till we see sellers and that very important TMS sell setup.
If I can make a suggestion Emmanuel and this is meant with no malice, if you spend more time talking about TMS itself and not deriding other ways of trading in the process it would be more productive and perhaps not annoy so many people. There is nowhere in Davits thread that advocates just putting in trades at pivots without taking into account price action, just price action at key levels along with the tdi and it works extremely well. A little while ago it was also Likicas way of looking at divergence which you do not agree with why not let others trade as they will and they are obviously successful at and just talk about tms.
Success means going from failure to failure without loss of enthusiasm
  • #71,739
  • Oct 4, 2016 5:36am Oct 4, 2016 5:36am
Quoting emmanuel7788
{quote} EURGBP H4 update GMT0930. EG presses higher after the 3rd retracement into the H1 WRB. All the sellers at Pivot S61 are in drawdown now. Next level is R100 which is 50pips away from R61. No guarantee that it will reverse at R100 because the market is buying Euro and selling Gbp. {image} TMS traders must wait till we see sellers and that very important TMS sell setup.
looking at H4 and daily tf, i thought EG is pretty good for long entry. TP at 0.88
  • #71,740
  • Oct 4, 2016 5:37am Oct 4, 2016 5:37am
Quoting lisat
{quote}If I can make a suggestion Emmanuel and this is meant with no malice, if you spend more time talking about TMS itself and not deriding other ways of trading in the process it would be more productive and perhaps not annoy so many people. There is nowhere in Davits thread that advocates just putting in trades at pivots without taking into account price action, just price action at key levels along with the tdi and it works extremely well. A little while ago it was also Likicas way of looking at divergence which you do not agree with why not...
he is talking about tms he is using his price action and money management knowledge and using tms if you will trade only tms signals by following only tds crosses you will be a looser
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