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Trading Made Simple

  • #103,621
  • May 6, 2020 7:31am May 6, 2020 7:31am
My dear friend I couldn't locate TMS monitor ! Please share it !
Swimming with sharks!
  • #103,622
  • May 6, 2020 7:49am May 6, 2020 7:49am
Quoting samobeast
{quote} Dr dave i see u are using different time frames from the one on MT4 is there any advantages to them or still a setup is a setup everywhere
For ME there are advantages to having custom timeframes that MT4 cannot provide natively. If you followed my last several posts, you see they give a me information about where I want to focus my entry, and where there is "blockage", such as the M1 (and M2) making a rally before the train pulls into my station.

In addition, you saw that I announced my bias for selling, yet another posted "Don't think so" (according to M15 resistance. That resistance does not affect me much; I need to see a CONFIRMATION of a direction to make the entry. so I just follow the story of the smaller charts.
To free Gazans of Hamas, use whatever it takes.
  • #103,623
  • May 6, 2020 8:19am May 6, 2020 8:19am
Quoting DrDave
{quote} For ME there are advantages to having custom timeframes that MT4 cannot provide natively. If you followed my last several posts, you see they give a me information about where I want to focus my entry, and where there is "blockage", such as the M1 (and M2) making a rally before the train pulls into my station. In addition, you saw that I announced my bias for selling, yet another posted "Don't think so" (according to M15 resistance. That resistance does not affect me much; I need to see a CONFIRMATION of a direction to make the entry. so...
THIS IS A SMALL HINT OF HOW TO CALCULATE YOUR EXPECTED LOSS WHEN YOU DECIDE TO RIDE THE DRAW DOWN WAVE
please do not forget that each pair has its own factor
for example eu = 1
emax = 24
ucad = 1.4

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Quoting Happy-Trader
{quote} THIS IS A SMALL HINT OF HOW TO CALCULATE YOUR EXPECTED LOSS WHEN YOU DECIDE TO RIDE THE DRAW DOWN WAVE please do not forget that each pair has its own factor for example eu = 1 emax = 24 ucad = 1.4 {image}
this factor can not be found inside ninja trader charts. but it can be found easily inside mt4 charts

profit (+-) $ = lot x points moved/factor
  • #103,624
  • May 6, 2020 8:28am May 6, 2020 8:28am
Quoting DrDave
{quote} M16 now down, and M1 has taken a little break back up before the down move could reach M32 for the sell continuation.
Train pulled into the station and I hopped on heading downtown. Soon after, a little diversion as M1, then M2,M4, M8 made a quick trip back uptown.
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To free Gazans of Hamas, use whatever it takes.
  • #103,625
  • May 6, 2020 8:42am May 6, 2020 8:42am
usd/cad
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  • #103,626
  • May 6, 2020 8:43am May 6, 2020 8:43am
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  • #103,627
  • May 6, 2020 8:50am May 6, 2020 8:50am
Quoting DrDave
{quote} Train pulled into the station and I hopped on heading downtown. Soon after, a little diversion as M1, then M2,M4, M8 made a quick trip back uptown. {image}
Here was the quick trip uptown by M8 before heading back downtown.
Did you stay on the train you boarded at the M32 station, or were you afraid you got on the wrong train and hopped off?
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #103,628
  • Edited 12:49pm May 6, 2020 10:55am | Edited 12:49pm
Quoting samobeast
{quote} thanks tekkies for your post i see most of your sells when tdi under 50 and buys above only few trades not like that can u please show us the big picture like trend direction and S&R
I don't do big picture.
Here is one reason: AUDUSD D1 changed colour green/red four times today. This morning it was Green, now you can barely see the ask line.
Edit:Wrong image > barely see trend direction
Attached Image

Rather open a extra clean chart when you want to place a trade and check if trend is still the same.
----
As for your observation, read TDI Cross.pdf
----
Same deal for you as with Iddd: Tomorrow 15min before London open (if it is your trading time), post a chart.
  • #103,629
  • May 6, 2020 11:08am May 6, 2020 11:08am
Quoting emmanuel7788
{quote} Here you will find two of my favourite TMS trading aid which I use since 2012. ***important*** the TMS Monitor is an expert advisor and it runs only when market is open. its uses the TDI version from Post#25. TMS Monitor (this is an expert advisor) by arbinka Pipware multi-charts lookup these posts below. Post#193 for the TMS Monitor tool and this indicator by stratman...
Thank you very much. A lot of midnight reading here but no doubt worth while.
  • #103,630
  • May 6, 2020 11:26am May 6, 2020 11:26am
Quoting Tekkies
{quote} I don't do big picture. Here is one reason: AUDUSD D1 changed colour green/red four times today. This morning it was Green, now you can barely see the ask line. {image} Rather open a extra clean chart when you want to place a trade and check if trend is still the same. ---- As for your observation, read TDI Cross.pdf ---- Same deal for you as with Iddd: Tomorrow 15min before London open (if it is your trading time), post a chart.
Better to do the WHOLE picture: Don't just paint the forest on your canvas, but look at the individual trees as well and get the details of some branches and leaves, too.

Even looking at only the last 2 or 3 bars of D1 hardly tells you anything.

AUDUSD most likely scenario is in a down trend from about 30 April. What is "normal" for a down trend? Swing down, rally to take some profit and reposition, swing down continuation. Probably 4 May started the rally. So from that rally start, any sign of SMALLER timeframes that the rally is over? Yesterday already signs that the top was in. Even before London open today it was clear that the bias was down. Of course, no one can predict how strong the rallies might be, or if they even break the down bias. But checking lower timeframes at least gives you information about where to focus. If you viewed the down swing from London open as a weak down continuation, then the expectation was for the subsequent upswing to probably take out the prior top. However, it was really only an equal top, so your bias should then switch to potential swinging back-and-forth within this range. Of course, that is only a bias. You need to then go to smaller timeframes and watch what they ACTUALLY do and take actions according to confirmations that occur.

But of course, if you sit all day watching just 1 one or 2 timeframes, then you end up filtering out all of the valuable information from the other timeframes.
To free Gazans of Hamas, use whatever it takes.
  • #103,631
  • May 6, 2020 11:32am May 6, 2020 11:32am
Quoting Tekkies
{quote} I don't do big picture. Here is one reason: AUDUSD D1 changed colour green/red four times today. This morning it was Green, now you can barely see the ask line. {image} Rather open a extra clean chart when you want to place a trade and check if trend is still the same. ---- As for your observation, read TDI Cross.pdf ---- Same deal for you as with Iddd: Tomorrow 15min before London open (if it is your trading time), post a chart.
will try on NY open as on London open i am still at work
thanks
  • #103,632
  • May 6, 2020 4:23pm May 6, 2020 4:23pm
Quoting emmanuel7788
{quote} {image} TMS Monitor May 06 2AM H4 alerts signals when 10PM H4 was quiet, 2AM burst with lots of trade signals just pick the one where the TDI C-Slope is above 4 threshold, the bigger the number the better ... then check you H4 TMS charts template. GBPUSD C-Slope is 10 {image}
Did you missed this EURNZD P-Slope 10?

10AM OP' time not 10PM.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May 06 10AM 7-5-2020 7-15-50 am.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,633
  • May 6, 2020 6:05pm May 6, 2020 6:05pm
Quoting emmanuel7788
{quote} {image} TMS Monitor May 06 2AM H4 alerts signals when 10PM H4 was quiet, 2AM burst with lots of trade signals just pick the one where the TDI C-Slope is above 4 threshold, the bigger the number the better ... then check you H4 TMS charts template. GBPUSD C-Slope is 10 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May 06 2Am H4 candle 6-5-2020 5-30-45 pm.png Size: 33 KB



Took that 2AM GBPUSD C-Slope 10 trade setup.


GBPUSD May 07 H4 trade update.

CandleStickTrailingStop working well and now with more profit locked.

Note the current trend is strong and both the Stoc and RSI(TDI) are below their OS region.
If you want to jump in, then it is only with price action and mehdi343 Method#1 today.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD May 06 H4 trade C-Slope 10 7-5-2020 9-01-22 am.png Size: 57 KB


mehdi343 Method#1 link:
https://www.forexfactory.com/showthread.php?t=588548
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,634
  • May 6, 2020 6:36pm May 6, 2020 6:36pm
Quoting chandana47
My dear friend I couldn't locate TMS monitor ! Please share it !
FAQ
repeat post:

Here you will find two of my favourite TMS trading aid which I use since 2012.

***important***
the TMS Monitor is an expert advisor and it runs only when market is open.
its uses the TDI version from Post#25.

TMS Monitor (this is an expert advisor) by arbinka

Pipware multi-charts

lookup these posts below.
Follow the installation instruction or else it won't work the same what I see and post here.

Post#193 for the TMS Monitor tool

and this indicator by stratman

Post#76,270 for the pipware tool
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,635
  • May 6, 2020 6:40pm May 6, 2020 6:40pm
Quoting castlebrook
{quote} Thank you very much. A lot of midnight reading here but no doubt worth while.

I am afraid reading at midnight is not going to effective in learning to trade.

You need to be studying 3 to 5 hours daily for 2 to 3 years to reach the level I am at trading today.

The secret is in doing Deep Practice and not just practice, practice, practice.

Tiger Woods did perfect his swings through Deep Practice.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,636
  • May 6, 2020 7:01pm May 6, 2020 7:01pm
Quoting samobeast
{quote} thanks tekkies for your post i see most of your sells when tdi under 50 and buys above only few trades not like that can u please show us the big picture like trend direction and S&R

First learn to use the information provided by your trading tools.

The OP started with Synergy and he used the Price ACtion Channel PAC.

The other experienced TMS traders use the Trend 2/8 D1 from another well known trader in FF and in SHF.

When you use one or the other, it will tell you the market type conditions - bearish , bullish and ranging. That is quite simple and easy when you stick to just one approach that has been working for you and you will build confidence in how to use that same approach consistently.

Now study this AUDUSD chart below:

It has been ranging for days, now you decide if the ranging is narrow or wide range. That is the ADR information which you should have on your trade planning chart.
Looking at it now May 07 open, what is in your trade plan to trade AUD pairs today?


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD May 07 market condition 7-5-2020 9-44-01 am.png Size: 105 KB


I know easily when to avoid trading AUD.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,637
  • May 6, 2020 7:12pm May 6, 2020 7:12pm
For those who want to trade like the OP and follow One, Two and Three

and this page taken from the TMA_V19 Manual is important for you to set up the EA and run it.

study the full Manual for the explanations of all the EA inputs. Also read that thread and get all the update information during the development and the contributions by the experienced TMS traders between 2011 and 2014.
Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 Manual TMS H4 settings 7-5-2020 10-05-38 am.png Size: 139 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,638
  • May 6, 2020 9:38pm May 6, 2020 9:38pm
TMS Monitor May 07 H4 6PM

while we wait for the H4 10PM candle,

lets review the last H4 conditions.

USDJPY P-Slope shows 3 and C-Slope shows 5 which is a tweek from 3 to 5 plus a cross UP signal.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May 07 6PM H4 7-5-2020 12-27-32 pm.png Size: 32 KB

but look at your trading chart TMS_V19 Trend 2/8 H4, it is ranging BLUE and previous bars were RED

look at the price action, is there a 50-bars swing low for a reversal setup?
there is s 'bottom' where the price paused. .. this is support now.


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY May 07 H4 6PM 7-5-2020 12-28-51 pm.png Size: 84 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,639
  • May 6, 2020 10:06pm May 6, 2020 10:06pm
TMS Monitor May 07 H4 10PM

USDJPY TDI is flat

AUDNZD looks good! ... worth a look.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May 07 H4 10PM 7-5-2020 1-00-25 pm.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,640
  • May 6, 2020 11:23pm May 6, 2020 11:23pm
Quoting emmanuel7788
{quote} FAQ repeat post: Here you will find two of my favourite TMS trading aid which I use since 2012. ***important*** the TMS Monitor is an expert advisor and it runs only when market is open. its uses the TDI version from Post#25. TMS Monitor (this is an expert advisor) by arbinka Pipware multi-charts lookup these posts below. Follow the installation instruction or else it won't work the same what I see and post here. Post#193...
Thank you so much Mr. Emmanuel!
Swimming with sharks!
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