My thought about “a best Entry”
For people who are familiar with TMS system, We all know that “We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up”. But how can we filter false signals for better Eps?
From my point of view, A best LONG EP will be when green crosses red AND the cross point is very close and ABOVE 32-line (Short EP is vice-versa). We want to see TDI green crosses red slightly 32-line. This is a very key point. Please note that If the cross Point is below 32-line, It means that PA is very Bearish, so we will stay away LONG Trade. This principal is right for ALL time frame.
Time frame & your trading style
If you are a Scalper or an intra-day trader (Open and Close trades on the same day before the market closes), I think that M30 is the best TF for you. And since Asian Session often gives false signals, Please stay away from Asian Session or trade very light EP size. You should Open trades after London Open Time (Or Frankfurt Open Time at least) and Close trade before NY Session Close Time for a better result.
With the same principals, Trading on H1, H4 or D1 TF will give you more green pips, but you will not find so many EPs.
The choice between Intra-day Trading and Swing Trading depends on your trading Style.
For people who are familiar with TMS system, We all know that “We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up”. But how can we filter false signals for better Eps?
From my point of view, A best LONG EP will be when green crosses red AND the cross point is very close and ABOVE 32-line (Short EP is vice-versa). We want to see TDI green crosses red slightly 32-line. This is a very key point. Please note that If the cross Point is below 32-line, It means that PA is very Bearish, so we will stay away LONG Trade. This principal is right for ALL time frame.
Time frame & your trading style
If you are a Scalper or an intra-day trader (Open and Close trades on the same day before the market closes), I think that M30 is the best TF for you. And since Asian Session often gives false signals, Please stay away from Asian Session or trade very light EP size. You should Open trades after London Open Time (Or Frankfurt Open Time at least) and Close trade before NY Session Close Time for a better result.
With the same principals, Trading on H1, H4 or D1 TF will give you more green pips, but you will not find so many EPs.
The choice between Intra-day Trading and Swing Trading depends on your trading Style.
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
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