DislikedHi everyone just getting back into TMS after a month of for honeymoon and still learning. I have carried on with my demo account and have 3 trades running can Emmanuel7788 or anyone else on here show me were i may have gone wrong or any other tips. Also am I missing any indicators on these charts ?? Thanks Craig EURUSD AUDUSD AUDNZD {image} {image} {image}Ignored
First important thing is those pipware charts is not what should be our TMS trading charts. I only use them to look at the price action of different timeframes all in one single screen. It is a good tool for own study and analysis. The pipware tool is quite CPU intensive and can slow down you PC when you run them on several pairs.
On your TMS trading charts, you only need 3 indicators - the APB/HA candles, either the 5EMA or the PAC and one TDI. THE BN levels is good to look at where the price round numbers on our charts. All other information you need are available when you do your trade planning, for example the ATR, ADR, etc. These do not require any indicators in our trading charts. Keep our trading charts clutter free so that we can see and read the price action better.
Second, when I trade, I define my trading hours for this business. Now is wrong time to trade H4 and especially when it just after the NFP market. Simple rule is no H4 trades on Friday. Also when market opens on Monday, its day after NFP so same simple rule no trades on Mondays.
D1 trades, you can trade anytime and you only need to look for trades after the Day candle close to look for the best setups to trade.
Intraday H1 trading. This depends on which currency pairs you trade. If you trade the majors, then best time is still the London session open.
Do not trade the COMMOD crosses - AUDCAD, AUDNZD and NZDCAD, until you have more experience.
so much for now, its 4 am where I am and I wait for sunrise and hit the road for the weekend.
Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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