DislikedFavorite, first of all, thank you for being so dedicated to this thread. Since you've been trading this system since May, what are you opinions and comments regarding this system? What are the pros and cons? Have you been following E's exact rules? How many trades did you take? Most of your success are from 1H or 4H charts? Winning percentage? And finally, a personal question, how many percentage have you account grew since May? Sorry for bunch of questions.Ignored
http://www.forexfactory.com/showthre...04#post4974604
And since I don't follow the Big E's exact rules, I'd prefer not to discuss my winning rate and percentage growth (both are very good) here, otherwise it would look like I'm promoting my own system here, and I'm not.
I never have more than two trades at the same time, and I trade not only TMS but also another system from the same account, so I'm very picky, I choose my trades very carefully. But I'd say that I usually take at least one TMS trade between London open and NY open.
Now about pros and cons of the system.
Pros:
If you follow the rules, you usually get good entries, the system is profitable and usually shows not only when to enter, but also when and where NOT to enter.
Cons:
1). The exit is up to you... If you set a take profit, you can get your 30-35 (like I do) or even 50 pips and then see that you could get two-three times more... If you don't set a take-profit and you exit when the green line becomes flat or hooked - in 15-30 minutes you can see that the green line changed and goes in your direction again... If you wait until the green line crosses the red line in the opposite direction - you can lose all your profits and then some...
2). The TDI-cross is usually initiated by a strong movement during the previous hour, so when we enter at the beginning of the hour we often get a pullback and this pullback can be pretty strong, sometimes 20+ pips. That's why I enter from M-5.
Gentlemen always play by the rules. If they can't, they change the rules.