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  • #641
  • Jun 26, 2019 5:21pm Jun 26, 2019 5:21pm
Quoting Zimbinga
{quote} So you can look for set ups likely to convert into a higher TF trade, where set up looks close on higher TF or is actually ready on higher TF too. This is a form of MTF analysis. - I seem to recall Big E said he did not do this, but some TMS traders do and did trade in line with higher TF.
Trading longer time frames usually yield better profits, so if a 4 hr. trading is trending well and the Daily chart later says to enter, why not just keep the 4 Hr. trade and turn it into a Daily trade? That's what I do any time I can.
Always a Student, Never a Master - Emulate What Works
  • #642
  • Jun 26, 2019 5:28pm Jun 26, 2019 5:28pm
Quoting RobinHood
{quote} Trading longer time frames usually yield better profits, so if a 4 hr. trading is trending well and the Daily chart later says to enter, why not just keep the 4 Hr. trade and turn it into a Daily trade? That's what I do any time I can.
Yes it makes sense.
  • #643
  • Jun 26, 2019 5:33pm Jun 26, 2019 5:33pm
Quoting Zimbinga
{quote} So you can look for set ups likely to convert into a higher TF trade, where set up looks close on higher TF or is actually ready on higher TF too. This is a form of MTF analysis. - I seem to recall Big E said he did not do this, but some TMS traders do and did trade in line with higher TF.
Hey Zimbinga - What RH is talking about is not MTF analysis - it is TRADE management from a lower TF to a higher one.......follows the principle of "letting your winners run....."
  • #644
  • Jun 26, 2019 6:05pm Jun 26, 2019 6:05pm
Quoting neil001
{quote} Hey Zimbinga - What RH is talking about is not MTF analysis - it is TRADE management from a lower TF to a higher one.......follows the principle of "letting your winners run....."
Yes I understand, but you could choose to aim for it by finding H4 set ups where the Daily set up is nearly complete, so the likelihood of the H4 trade becoming a Daily trade is higher. Whether that would improve trading stats is another question.
  • #645
  • Jun 26, 2019 7:00pm Jun 26, 2019 7:00pm
Quoting Zimbinga
{quote} Yes I understand, but you could choose to aim for it by finding H4 set ups where the Daily set up is nearly complete, so the likelihood of the H4 trade becoming a Daily trade is higher. Whether that would improve trading stats is another question.
Zimbinga - the core of his statement RH was to demonstrate scaling the TRADE up once you are in it........you can scale a trade up from the 5m (or any other TF) if you like but you certainly wouldn't wait for the daily to be "nearly" there to do that, the trade is entered on whatever your trade entry criteria is - this is totally a trade management process to max return on your initial risk - it's the easiest way to get monster ratio returns that i know of...
  • #646
  • Jun 26, 2019 7:12pm Jun 26, 2019 7:12pm
AUDJPY Jun 27 D1 Tokyo session

the better pair among my favourite four JPY - USDJPY, AUDJPY, EURJPY and GBPJPY.

and it is near month end and we are in the lower shadow of the June MN candle.

note RSI(14) is flat @50-level

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Jun 27 D1 Tokyo 27-06-2019 08-02-43.png Size: 46 KB


look at MN chart below:

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Jun 27 MN pull back 27-06-2019 08-10-47.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #647
  • Jun 26, 2019 7:24pm Jun 26, 2019 7:24pm
Quoting RobinHood
{quote} When they are blue/blue it means UP. When they are red/red it means DOWN. When they are blue/red they are in transition. Only initiate trades when they are blue/blue or red/red.

***GOLDEN NUGGET***

blending the HeikenAshi and SynergyAPB candles... what a genius!

find each and every piece and you will make money with this much simpler method.

Attached Image (click to enlarge)
Click to Enlarge Name: golden nuggets.png Size: 1.4 MB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #648
  • Jun 27, 2019 1:39am Jun 27, 2019 1:39am
Quoting Zimbinga
{quote} Yes I have taken that point already. You are missing my point which is whether the H4 entry is more likely to be profitable if it is taken when Daily entry conditions are nearly complete. Anyway let's not discuss it further - I appreciate your efforts to explain in any event.
In some market conditions, it is possible to pick a H4 crossover trade entry by looking at the D1 even before the D1 presents a crossover entry. If we study the price action and know how and when to pick a breakout, then the higher probability we can pick a H4 crossover 'early' ahead of the D1 crossover.

But there are risk and we can be hit with 'early losses' too.

The early bird usually catches the worm.

But the second mouse will get to enjoy the cheese.

Attached Image (click to enlarge)
Click to Enlarge Name: early bird second mouse.png Size: 623 KB


Study the market conditions - A, B, C and D

which is more difficult to pick a H4 crossover trade?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Jun 27 D1 conditions 27-06-2019 14-30-02.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #649
  • Jun 27, 2019 1:57am Jun 27, 2019 1:57am
Quoting emmanuel7788
AUDJPY Jun 27 D1 Tokyo session the better pair among my favourite four JPY - USDJPY, AUDJPY, EURJPY and GBPJPY. and it is near month end and we are in the lower shadow of the June MN candle. note RSI(14) is flat @50-level {image} look at MN chart below: {image}
Anyone took a buy trade at today' Day Open?

Now you have to make another decision ... to TP or not to TP?

Would you sacrifice 40 pips in your pocket now to fight for another 40 pips?

1) move your entry to BE and get a free trade to fight for full 80 pips, worst case you get zero R trade or you get 2R.

2) stay put where your entry was and risk all.... 'set-and'forget'.

3) reduce your initial risk by half, i.e. exit 0.5R now and keep the remaining half-position at initial SL.

4) take 40pips and walk away... be happy what the market gave you and do the gratitude thing.

5) ...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Jun 27 D1 update 27-06-2019 14-46-55.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #650
  • Jun 27, 2019 3:31am Jun 27, 2019 3:31am
Just taken a low risk buy on aud/cad

The daily partly confirms and i like the way the rsi and both stocs have moved above the 50 line almost together
Attached Image (click to enlarge)
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  • #651
  • Jun 27, 2019 3:39am Jun 27, 2019 3:39am
Quoting emmanuel7788
{quote} Anyone took a buy trade at today' Day Open? Now you have to make another decision ... to TP or not to TP? Would you sacrifice 40 pips in your pocket now to fight for another 40 pips? 1) move your entry to BE and get a free trade to fight for full 80 pips, worst case you get zero R trade or you get 2R. 2) stay put where your entry was and risk all.... 'set-and'forget'. 3) reduce your initial risk by half, i.e. exit 0.5R now and keep the remaining half-position at initial SL. 4) take 40pips and walk away... be happy what the market gave you...
Good day Everybody and thank you RH for your hard work. I came here thanks to the link Emmanuel7788 put in the TMS forum, thank you for that Emmanuel7788.
I read the rules and took some trades this week ans i have to say, that TMS(R) is looking very promising to me.
I do have a question RH, i see trades taken against the trend, is that also part of the trading rules, or just a decision of the trader himself?.
  • #652
  • Jun 27, 2019 3:46am Jun 27, 2019 3:46am
I have to say that just over a week in to using this method I am starting to gain confidence in its ability. For sure there will still be losses but they are manageable and if stops are used diligently then they should not deter from this method.

The biggest hurdle for me to get over is taking a trade when the stocs are already on oversold or overbought areas. In times gone by I would be looking at taking a trade in the opposite direction. This method has taught me its ok to take the trade even if the stocs show overbought or oversold. I am now just seeing the stocs as being above or below 50 to confirm the trade.

My thanks to RH for showing us the way and giving his time on this thread for free.

Cheers
Andy
  • #653
  • Jun 27, 2019 4:10am Jun 27, 2019 4:10am
Quoting emmanuel7788
{quote} Anyone took a buy trade at today' Day Open? Now you have to make another decision ... to TP or not to TP? Would you sacrifice 40 pips in your pocket now to fight for another 40 pips? 1) move your entry to BE and get a free trade to fight for full 80 pips, worst case you get zero R trade or you get 2R. 2) stay put where your entry was and risk all.... 'set-and'forget'. 3) reduce your initial risk by half, i.e. exit 0.5R now and keep the remaining half-position at initial SL. 4) take 40pips and walk away... be happy what the market gave you...
Hi Emmanuel,

Some time ago you said you were testing and alert for tmsr. Just wondering what is was and have you found it useful?

I've been using the HMA arrows and all alerts indicator that seems ok and does the push notifications to mobiles which is what I need.

Cheers
Andy
  • #654
  • Jun 27, 2019 4:10am Jun 27, 2019 4:10am
Many people here say that when they try the system it looks good. Well how good present some numbers please for inapiration

Best regards
  • #655
  • Jun 27, 2019 4:51am Jun 27, 2019 4:51am
RH firstly thank you for the information you have shared, its pretty damned good, its also quite relaxing to set and walk away and just have a quick check evry 4 hours or so, the only thing missing that would make this perfect is a alert thats triggered by the HMA crossing the MA, then you could set it and turn the volume up and go and do something else, then when the alert goes off you could then check the system for an entry etc, Could a member with coding experience please do this for the group? it would be most appreciated. Once again thanks RH, its nice to see someone giving just for the pleasure of it. Ive attached a file thats an HMA with alerts and arrows, however it is not triggered by crossing the MA, perhaps someone will be able to modify it to do so
Attached File(s)
File Type: mq4 HMA_nrp_alerts__arrows.mq4   19 KB | 676 downloads
  • #656
  • Jun 27, 2019 5:38am Jun 27, 2019 5:38am
Quoting keansajeweki
{quote} Good day Everybody and thank you RH for your hard work. I came here thanks to the link Emmanuel7788 put in the TMS forum, thank you for that Emmanuel7788. I read the rules and took some trades this week ans i have to say, that TMS(R) is looking very promising to me. I do have a question RH, i see trades taken against the trend, is that also part of the trading rules, or just a decision of the trader himself?.
I wrote this on Post # 1...

What you must understand is that what's presented, as it's presented, is NOT a trading system. A system has concrete rules with no variables. Methods don't. What I am presenting are trading methods, tips, and suggestions. Multiple trading methods about ways to enter and exit trades (with others likely to follow). The only concrete rules there are, are the ones that you decide to make and follow.
Always a Student, Never a Master - Emulate What Works
  • #657
  • Jun 27, 2019 6:00am Jun 27, 2019 6:00am
Quoting plasmatron10
RH firstly thank you for the information you have shared, its pretty damned good, its also quite relaxing to set and walk away and just have a quick check evry 4 hours or so, the only thing missing that would make this perfect is a alert thats triggered by the HMA crossing the MA, then you could set it and turn the volume up and go and do something else, then when the alert goes off you could then check the system for an entry etc, Could a member with coding experience please do this for the group? it would be most appreciated. Once again thanks...
While that's a good idea, it's not that simple. Because you are not being alerted to Continuation Trades which USUALLY have more SUCCESSFUL trades on a chart than Crossover Trades (if the market is trending).

In MY opinion, Continuation Trades are better than Crossover Trades IF I HAD TO PICK one over the other.

Here's why using an analogy...

Imagine that you want to hitchhike to a city 100 miles north of you.

Which way do you think that you would be more likely to get there?

1. By standing on the side of highway entrance ramp by an overpass going north trying to catch a ride 100 miles away from your destination?

OR

2. By standing on the side of highway re-entrance ramp at a rest area going north trying to catch a ride 70 miles away from your destination?
Always a Student, Never a Master - Emulate What Works
  • #658
  • Jun 27, 2019 6:02am Jun 27, 2019 6:02am
Quoting RobinHood
{quote} 4 Hr. trades are done on a 4 Hr. chart. Daily trades are done on a Daily chart. If a 4 Hr. trades goes well enough, then you may it see become a setup on a Daily chart, so all you do is keep the trade and convert over to using the Daily chart to manage the trade. For example, the 4 Hr. and the Daily GBPJPY charts are now setting up the possibility of this happening.
Ahh, thanks!

Are there any preparations you usually do when trading the 4 hour or Daily, like any specific routine to set up your charts or specific analyses, procedure you do before looking out for possible trade entries?

I ask so because most topics here on FF leave out all this stuff and mainly focus on the technical indicators and what determines a valid entry or exit signal.

Maybe you could write down your typical „daily routine“ to post 1 giving a quick overview about the markets you trade, if and what preparations you do (if there is more then just spotting the right indicators condition), what session/s you trade, what time zone you are and how many trades trades you have on average per week or month following such routine.

thanks in advance again.
  • #659
  • Edited 7:16am Jun 27, 2019 6:56am | Edited 7:16am
Quoting lddd
{quote} Ahh, thanks! Are there any preparations you usually do when trading the 4 hour or Daily, like any specific routine to set up your charts or specific analyses, procedure you do before looking out for possible trade entries? I ask so because most topics here on FF leave out all this stuff and mainly focus on the technical indicators and what determines a valid entry or exit signal. Maybe you could write down your typical „daily routine“ to post 1 giving a quick overview about the markets you trade, if and what preparations you do (if there...
"Are there any preparations you usually do when trading the 4 hour or Daily, like any specific routine to set up your charts or specific analyses, procedure you do before looking out for possible trade entries?"

I have several Profiles set up on MT4 (each one has 6 or 8 pairs) some with all 4 hr. charts and some all with Daily charts. I just look through all of them briefly (usually multiple times a day if I am that interested) and if I see a set up I love, I might take it. And the ONLY thing I EVER USE is the #1 Template on every chart.

Maybe you could write down your typical „daily routine“ to post 1 giving a quick overview about the markets you trade, if and what preparations you do (if there is more then just spotting the right indicators condition), what session/s you trade, what time zone you are and how many trades trades you have on average per week or month following such routine.

Honestly, I have no typical routine in any way. I have been self-employed for over 40 years. I have never had a job. I have ALWAYS owned a business since I was 14 years old. For more than 1/2 of that time, including the last 21 years, I have worked from home. I invent, design, and manufacture products (currently I have 335) and sell them to Walmart, Sears, Home Depot, Amazon, etc.

Sometimes I trade none in a day and sometimes I trade all day long, and sometimes I do neither. Sometimes I sleep during the day and work at night. Sometimes I go to sleep at 8 pm and get up at 2 am. Sometimes I just do nothing all day and sometimes I binge watch TV series on Netflix, HBO, Showtime, etc. all day.

I live down a long dirt road inside of 30 acres that can never be built on near the ocean (strangely enough inside of New England's best beach town according to the Boston Globe readers) BUT I rarely leave home except to travel. I travel quite a bit because since I work from home, I do need time away from home for a change of pace and scenery.

The point is, just as I said, I REALLY have no typical day or routine. I have no typical number of trades a day or week or month. I don't honestly care which pairs I trade, although I do like the JPY crosses the best BUT only because typically THEY MOVE A LOT MORE (in pips) than most of the other commonly traded pairs.

The only definitive answer that you asked that I can give you is...I live in the Eastern Time Zone.
Always a Student, Never a Master - Emulate What Works
  • #660
  • Jun 27, 2019 9:43am Jun 27, 2019 9:43am
Hi!
Is this valid crossover long?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 106 KB
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