TMS for M30 charts | Page 878 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RiskyFX-M30 System 117 replies

Pulse M5, M15, M30,H1+ 9 replies

London Open Breakout-M30 57 replies

M30 Rainbow Madness 23 replies

Different between time frames M30 1H and 4H 2 replies

Attachments: TMS for M30 charts
Exit Attachments

TMS for M30 charts

  • #17,541
  • Feb 9, 2018 6:45pm Feb 9, 2018 6:45pm
Quoting kain775
{quote} perhaps take a look at mr pips harmonics thread, i can't remember how far into the thread it is, but he does start posting video's on market structure.. if you can grasp the nsh/nsl concept you should start to find this a bit easier.
Hey kain, yeah i just watched his thread and some of the videos about the NSG/NSL concept. From my understanding what Mr Pips is teaching here is to forget about using any indicators and trading naked charts by just following with what price is doing, correct?

Not sure what to think about it yet. Right now after a couple of comebacks into trading again using different methods / indicators / even EAs (all with less sucess) i ended up with the TMS / TDI strategy.

I really do believe this strategy can work out for me, also the M30 timeframe is in harmony with me personally. I am also in balance with the concepts or proper money management and emotions but really somehow not with getting an edge over where to enter/exit a trade.

Sticking to what Mr Pips is saying about market structure and other people tend to trade pure price action i could come to the conclusion. Why i am here again, as the TDI is nothing more than some indicator as well. :-)

The idea here is to use it but with main focus on price action. So this means drawing trendlines, and interpreting candles right, SR, certain price levels and so on. More like watching the longer term timeframes and further more analyzing them again. Isn't that a way to much time confusing for trading M30? How do traders still find time here to pick the possible signal on time? Trading the Daily here is no option or? Maybe giving me more time to identifying a valid trade setup but i am too undercapitalized for this time frame meaning far larger pip moves.

By the way... is there any complete EA using the TDI with success on a live account for at least 5+ years?
  • #17,542
  • Feb 9, 2018 9:33pm Feb 9, 2018 9:33pm
Quoting lddd
{quote} Hey kain, yeah i just watched his thread and some of the videos about the NSG/NSL concept. From my understanding what Mr Pips is teaching here is to forget about using any indicators and trading naked charts by just following with what price is doing, correct? Not sure what to think about it yet. Right now after a couple of comebacks into trading again using different methods / indicators / even EAs (all with less sucess) i ended up with the TMS / TDI strategy. I really do believe this strategy can work out for me, also the M30 timeframe...

mr pip uses no indicators,
but the thing about indicators is that they are completely useless to making a trader money without the right price action.
think of an indicator as confirmation to pull the trigger, but before you go to pull the trigger the price action must be in order.

I recommended mr pips thread because he goes into market structure somewhat WITHOUT the indicators.
Therefore you should be focusing more on price action.
When I first came to this thread virtually every trade I took was failing, I received some criticism [constructive] that I paid too much attention to indicators and not enough to price action ... i've definitely improved a considerable amount by then.
There are a lot of indicators used in this method. It is much easier said than done not to become overly influenced by them whilst unwittingly neglecting price action. Personally I find the fewer the indicators, the easier it is to learn price action.

unfortunately there is no easy way to learn everything [for free]. People often link to babypips school like it's the Holy grail of forex when someone asks a question ..but imo there is not nearly enough in there to become profitable ....and can be rather frustrating when you are failing left right and centre and someone just links you to the school.

Also mr pip uses VIDEO'S.
How long are mr pip's videos?
If you typed out everything he said in one those video's [which are often describing just one trade, how much pages would that be?]
now compare that to the amount typically written when someone posts a trade on forexfactory.
You are typically getting 10x 20x ...even 30x plus more content on a setup from watching a video than if you were trying to learn from a forum thread where really most of the time you're getting under two or three lines.

and this doesn't just go for mr Pip's video's. Most video's give a lot more content than if it were written. People are simply willing to speak more than they are willing to type. It's less effort I guess.

mr pip's stuff is also taken in real time, or he plays it back bar by bar. You do not get that with forum posts. You are usually looking at trades taken after the fact, which can make it harder to see the exact conditions which actually prompted the trader to take the trade.

video learning [imo] is more effective than learning off forum posts.], hands down.

mr pips nsh/nsl allows you to know the trend. There are many methods people use for knowing the trend, most of them arn't that great imo. nsh/nsl quickly alerts you to trend changes or continuations.

tbh you will probably have to visit many different threads/sources to see a significant improvement in your trading. There is stuff i've learnt here but also a lot i've learned elsewhere. If you can isolate the indicators from the price action you will eventually come to realise that most of the profitable traders are doing pretty much the same thing when it comes to price action, and just using different supports and resistances for entry ...and just using different triggers to get them into the trade [indicators], but the price action is the same/similar. Only over the last few mths i've come to see that.

it might even be worth paying for some content [after doing your research]
No one likes to splash out £££ and possibly get scammed but quite often you get video's when you pay and these are better than forum posts [imo]
I paid for some stuff and whilst I am still getting a lot of loosing trades in that method, I find what i've managed to grasp there about price action has improved my tms trading a fair bit. Tbh, the stuff i paid for was just reframing some stuff i already sorta "knew" but put it in a format where i actually understood it properly

and I do not know any successful EA's, sorry.
  • #17,543
  • Feb 10, 2018 3:56am Feb 10, 2018 3:56am
hi friends;

what robot do you use for this indicator? (ea expert)
  • #17,544
  • Feb 10, 2018 2:38pm Feb 10, 2018 2:38pm
Quoting lddd
Thank you @lisat and @kain775 for your kind comments on my last charts posted and also for the recommendations! I am trying to look more in depth at the H4 for the next week.

https://www.forexfactory.com/showthr...1#post10765141
  • #17,545
  • Feb 10, 2018 6:45pm Feb 10, 2018 6:45pm
Hey there, some more newbie question after reviewing the EUR/USD chart for past friday i have one question.

How to forecast such ranging markets like i think we it used to be the case EU started here? Maybe this is one of the most things i still doing wrong overall. Getting it all this mess where market is up and down up and down instead of some larger moves.

Actually now its easy to spot as all price action is there I guess we don't want to trade all these TDI crosses happened there?

thanks in advance

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-ranging.jpg Size: 138 KB
  • #17,546
  • Feb 10, 2018 11:59pm Feb 10, 2018 11:59pm
Quoting lddd
Hey there, some more newbie question after reviewing the EUR/USD chart for past friday i have one question. How to forecast such ranging markets like i think we it used to be the case EU started here? Maybe this is one of the most things i still doing wrong overall. Getting it all this mess where market is up and down up and down instead of some larger moves. Actually now its easy to spot as all price action is there I guess we don't want to trade all these TDI crosses happened there? thanks in advance {image}

personally i would not trade that

plus in gmt time it's like the middle of the night.

very unlikely people will be placing orders on the pair, no wonder it just ranges....
  • #17,547
  • Feb 11, 2018 2:33pm Feb 11, 2018 2:33pm
Quoting kain775
{quote} personally i would not trade that plus in gmt time it's like the middle of the night. very unlikely people will be placing orders on the pair, no wonder it just ranges....
Thanks but the question was not THAT its ranging but how to spot this in advance? Yeah during asian session but these kind of ranging markets i guess happens during the LO/NY session as well.
  • #17,548
  • Feb 11, 2018 2:56pm Feb 11, 2018 2:56pm
Quoting kain775
{quote} mr pip uses no indicators, but the thing about indicators is that they are completely useless to making a trader money without the right price action. think of an indicator as confirmation to pull the trigger, but before you go to pull the trigger the price action must be in order. I recommended mr pips thread because he goes into market structure somewhat WITHOUT the indicators....
Thanks for your kind words again. Totally agree with you. I am not using any more indicators as the Traders Dynamic Index and really going to concentrate now to get more familiar with price action. So hope doing it like this will help me to improve trading.

The Videos by Mr Pips about market structure are really good stuff. But not sure how all this "preparation" like drawing trendlines, NSH/NSL is properly realized under live trading conditions just to identify what trend is going on. Its already a challenge for me to just find proper signals at all following the TMS/TDI rules here.
  • #17,549
  • Feb 11, 2018 5:53pm Feb 11, 2018 5:53pm
Quoting lddd
{quote} Thanks but the question was not THAT its ranging but how to spot this in advance? Yeah during asian session but these kind of ranging markets i guess happens during the LO/NY session as well.

forget about micro for now

just concentrate on short term structure [and perhaps long term structure]

the trend short term was down at the time of the range if you are applying the nsh/nsl concepts. there is a double top there to the pip so there was no break yet to the upside.

personally i do not see anything there yet i would take, but the fact that short term structure is bearish means that if you were going to trade you should be bearish with stop above the double highs.... , and indeed much later on price did make a new nsl

really though you should probably look at lastingwells posts too on using the H4, they span right back to around 2013-14 iirc

tbh this is likica's thread, perhaps i shouldn't be directing you to other places, but i do personally find i get better results using the h4. if you don't use the h4 you'll get more trades but it's harder imo... but upto you want you want to do
  • #17,550
  • Feb 12, 2018 2:42am Feb 12, 2018 2:42am
were is the pretty likica ?
she didnt post for a while
i hope she is doing fine
  • #17,551
  • Feb 12, 2018 2:50am Feb 12, 2018 2:50am
Quoting lddd
{quote} Thanks but the question was not THAT its ranging but how to spot this in advance? Yeah during asian session but these kind of ranging markets i guess happens during the LO/NY session as well.
I use the same tdi as kain775 which only updates at the close of the bar, and gives an alert for a decent cross it makes life easier, just don't change timeframes while it is on there. Then when I get the alert, I look at the market structure, LL LH or HH HL along with checking the h4 and pivots, if either of those doesn't look right I pass on the trade, if they all look good then I go in. If its a very weak cross then I don't get an alert anyway.
Success means going from failure to failure without loss of enthusiasm
  • #17,552
  • Feb 12, 2018 3:11am Feb 12, 2018 3:11am
Quoting lisat
{quote}I use the same tdi as kain775 which only updates at the close of the bar, and gives an alert for a decent cross it makes life easier, just don't change timeframes while it is on there. Then when I get the alert, I look at the market structure, LL LH or HH HL along with checking the h4 and pivots, if either of those doesn't look right I pass on the trade, if they all look good then I go in. If its a very weak cross then I don't get an alert anyway.
Thanks. If it alters you only after a decent cross is most times i guess price action already moved for 3 more candles away? I mean even using the standard template likica provided here with all standard settings implemented this is the case for me.
  • #17,553
  • Feb 12, 2018 3:18am Feb 12, 2018 3:18am
Your comments on this EG short?

- Short TDI cross below yellow
- Yellow showing down
- H1/H4 looks down!?
- Going away from daily open

What i am not sure with

Its trading into the ema 200 (near on m30) but to me it more looks like SR can be seen at previous lows on the last daily open?
Not sure about price action as well (still learning) but the second candle entered at least wasn't getting to much smaller or indicated a change?
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 96 KB
  • #17,554
  • Feb 12, 2018 3:28am Feb 12, 2018 3:28am
And whats a proper risk/reward ration trading this method on the m30? If my stop loss would be 20 pips how much pips for a trade i should at least expect to do book in profit for?
  • #17,555
  • Feb 12, 2018 3:30am Feb 12, 2018 3:30am
Quoting lddd
{quote} Thanks. If it alters you only after a decent cross is most times i guess price action already moved for 3 more candles away? I mean even using the standard template likica provided here with all standard settings implemented this is the case for me.
No not necessarily if you look at the UJ trade I posted Friday, https://www.forexfactory.com/showthr...2#post10763462 it was very soon, it is different to the alerts on the tdi-pro. Also the one that Kain posted of AU. https://www.forexfactory.com/showthr...7#post10762257
Success means going from failure to failure without loss of enthusiasm
  • #17,556
  • Feb 12, 2018 3:33am Feb 12, 2018 3:33am
Quoting lisat
{quote}No not necessarily if you look at the UJ trade I posted Friday, https://www.forexfactory.com/showthr...2#post10763462 it was very soon, it is different to the alerts on the tdi-pro. Also the one that Kain posted of AU. https://www.forexfactory.com/showthr...7#post10762257
Thanks and where to find the TDI you and kain are using?
  • #17,557
  • Feb 12, 2018 3:35am Feb 12, 2018 3:35am
Quoting lddd
And whats a proper risk/reward ration trading this method on the m30? If my stop loss would be 20 pips how much pips for a trade i should at least expect to do book in profit for?
I don't look at each trade for a particular R:R if the stop loss behind the last swing high or low is too much (more than 50 pips) then I don't take it, otherwise I look to the atr of the pair to see how far its likely to move.
Success means going from failure to failure without loss of enthusiasm
  • #17,558
  • Feb 12, 2018 3:38am Feb 12, 2018 3:38am
Quoting lddd
Your comments on this EG short? - Short TDI cross below yellow - Yellow showing down - H1/H4 looks down!? - Going away from daily open What i am not sure with Its trading into the ema 200 (near on m30) but to me it more looks like SR can be seen at previous lows on the last daily open? Not sure about price action as well (still learning) but the second candle entered at least wasn't getting to much smaller or indicated a change? {image}
When mine alerted me on the cross it still hadn't closed below the trendline I have from todays Asian session so I didn't take it, I would probably wait for a bounce.
Success means going from failure to failure without loss of enthusiasm
  • #17,559
  • Feb 12, 2018 4:06am Feb 12, 2018 4:06am
Quoting lisat
{quote}When mine alerted me on the cross it still hadn't closed below the trendline I have from todays Asian session so I didn't take it, I would probably wait for a bounce.
Thanks. If you find some time i would be very interested in how that trendline looks.
  • #17,560
  • Edited 4:46am Feb 12, 2018 4:27am | Edited 4:46am
Sucks :/

At time i took the trade the TMS Angleator showed everything down (red arrows) until the H4 btw. One candle later everything looks up again. Great indicator

I see dozens of "possible" trades just according to counting TDI crosses on the M30 and even on the H4 that would have ended like that... I mean "how" picky you have to be? Watching London until its over or your eyes felt down for 1 possible trade just to see its changing direction in a couple of minutes again?

Possible this is considered at a ranging market condition right now for EG? Thats what i was mean. It could act like this for a couple of more hours or just shoots up 100 pips again. But at some point you have to enter or leave it. For me at time i entered it didn“t look that bad.

I am going to leave this run now as its a demo trade and i was actually pretty sure this one is trending down.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 136 KB
25 traders viewing now, 1 is registered:
vasile69