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Trading Made Simple

  • #105,321
  • Jun 10, 2020 1:32pm Jun 10, 2020 1:32pm
AUDUSD Jun 10 H4

that nasty FOMC candle took off without me ....

trading TMS 5-Method with 1-2-3 in the background to support a trade decision

now where will be the Rh?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,322
  • Jun 10, 2020 9:56pm Jun 10, 2020 9:56pm
Hello traders. I'm kind of new here, well been coming here since 2012 but started trying to grasp your TMS 5-Method recently. I started by reading the first few pages on this thread written by eelfranz.

I have been using an older method for the last 8 years and was curious as to how hard it is to learn the TMS 5-method. I trade on an Oanda MT4 platform. I downloaded the TDI indicator today and have always used a stochastic, so I'm familiar with that.

I'm so used to staring at one single pair EUR/USD and I see you folks seem to look at multiple pairs at a time. I find the 5-15-30 minute charts to be frustrating and was wondering what eelfranz said on page one still applies today. (Starting at 10 pm using H1 and H4 charts until 2 am then finishing of at 6 am PST)

Any advice would be appreciated.

Happy Trading!
  • #105,323
  • Edited 3:46am Jun 11, 2020 3:10am | Edited 3:46am
Only shame it’s demo money ;-)

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  • #105,324
  • Edited 3:49am Jun 11, 2020 3:37am | Edited 3:49am
It was a good Tokyo session for my pairs, but I wasn't around to trade it.

Here's EU Buy, looking to see the PA re-test the BRN

Edit: That SL should read -25, not -15


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Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,325
  • Jun 11, 2020 4:42am Jun 11, 2020 4:42am
Just tapped the BRN

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Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,326
  • Jun 11, 2020 6:11am Jun 11, 2020 6:11am
GU dipped below 1.27000 (about 5 hours ago) then came back up re-tested the 1.27000 line, which often happens around BRN's. So now I have a Sell trade to about the same level it reached just around London open time.

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Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,327
  • Jun 11, 2020 6:25am Jun 11, 2020 6:25am
Quoting realjumper
Just tapped the BRN {image}
It never stops, does it!
Attached Image
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #105,328
  • Jun 11, 2020 6:34am Jun 11, 2020 6:34am
Quoting realjumper
GU dipped below 1.27000 (about 5 hours ago) then came back up re-tested the 1.27000 line, which often happens around BRN's. So now I have a Sell trade to about the same level it reached just around London open time. {image}
Nice logic.

I have a bit different approach.
M512 "recently" turned down.
Lower times frames rally, then make a down continuation.
The rally has progressed through M64 and the "critical" TF turned down, making it extremely likely that M64 will also begin its down continuation as these lower TFs now fall.
To free Gazans of Hamas, use whatever it takes.
  • #105,329
  • Jun 11, 2020 6:40am Jun 11, 2020 6:40am
Quoting DrDave
{quote} It never stops, does it! {image}{image}
Must be luck eh?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,330
  • Jun 11, 2020 6:42am Jun 11, 2020 6:42am
Quoting DrDave
{quote} Nice logic. I have a bit different approach. M512 "recently" turned down. Lower times frames rally, then make a down continuation. The rally has progressed through M64 and the "critical" TF turned down, making it extremely likely that M64 will also begin its down continuation as these lower TFs now fall.

Interesting. There's always more than one way to skin a cat, as they say. We know that if 10 people witness a car crash and give evidence as to what they saw, the chances are that you'll hear 10 different accounts of the same crash! We each see things differently.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,331
  • Jun 11, 2020 6:43am Jun 11, 2020 6:43am
Quoting realjumper
{quote} Must be luck eh?
Is there any other possibility???
To free Gazans of Hamas, use whatever it takes.
  • #105,332
  • Jun 11, 2020 6:44am Jun 11, 2020 6:44am
Quoting DrDave
{quote} Is there any other possibility???
Not without some coloured lights to guide me
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,333
  • Jun 11, 2020 6:47am Jun 11, 2020 6:47am
Quoting realjumper
{quote} Interesting. There's always more than one way to skin a cat, as they say. We know that if 10 people witness a car crash and give evidence as to what they saw, the chances are that you'll hear 10 different accounts of the same crash! We each see things differently.
Where I live, we say that if 10 different people witness a car crash and give evidence as to what they saw, there WILL be AT LEAST 11 different accounts of the same crash! And if all 10 witnesses are men, then we have a minyan (quorom), so...
To free Gazans of Hamas, use whatever it takes.
  • #105,334
  • Jun 11, 2020 6:49am Jun 11, 2020 6:49am
Quoting realjumper
{quote} Not without some coloured lights to guide me
I realized that, so go back and check the first picture in post #105,329 and see a rainbow full of colors!
To free Gazans of Hamas, use whatever it takes.
  • #105,335
  • Jun 11, 2020 6:51am Jun 11, 2020 6:51am
PA got to within 2 pips of my TP but wouldn't cross it!! Never mind, it's a free trade now so there's no losing!

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Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,336
  • Jun 11, 2020 6:52am Jun 11, 2020 6:52am
Quoting DrDave
{quote} I realized that, so go back and check the first picture in post #105,329 and see a rainbow full of colors!
Ah I see!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,337
  • Jun 11, 2020 7:05am Jun 11, 2020 7:05am
There we go......

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Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,338
  • Jun 11, 2020 7:28am Jun 11, 2020 7:28am
Quoting realjumper
There we go...... {image}
To free Gazans of Hamas, use whatever it takes.
  • #105,339
  • Jun 11, 2020 7:30am Jun 11, 2020 7:30am
Quoting realjumper
There we go...... {image}
And that also turned down the M64, bringing down ALL the TFs. So now, start looking from M1 for every up swing to be an attempt to reverse the down trend.
To free Gazans of Hamas, use whatever it takes.
  • #105,340
  • Jun 11, 2020 7:37am Jun 11, 2020 7:37am
Quoting DrDave
{quote} And that also turned down the M64, bringing down ALL the TFs. So now, start looking from M1 for every up swing to be an attempt to reverse the down trend.

It's very rare that I look at M1 these days, but before I look at anything else, I'm going to look for some coffee!!
Doing what you like is Freedom. Liking what you do is Happiness.
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