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My Trading Journey with TMS Classic

  • #241
  • Mar 19, 2022 11:15pm Mar 19, 2022 11:15pm
Quoting sisucoro
{quote} gbpusd after London turned against me, usdchf went well, I openend another one in eurusd and went against me too early too. What I learned since I started this method is that as a newbie I'm not good enough knowing what actually is happening yet, then I take well the entrance following the method but i fail at exit as mostly all the time the price turns against me even before the next H4 candle closes. It may be because I'm not following the main trend or whatever, I don't know what's the issue to be honnest. here is an example of today,...

Dont hold onto losing trades.

One option is trail your stoploss as trade goes into certain profit level

Assuming your initial SL was at the previous high just outside left of your chart, despite price moved against you the SL did not trigger. For example, when price then turned down and break previous low, you could trail SL to break even or better.

Is there a reason of Sell when it was a TMS bus setup?

trade well
  • #242
  • Mar 21, 2022 12:01am Mar 21, 2022 12:01am
Quoting sisucoro
{quote} gbpusd after London turned against me, usdchf went well, I openend another one in eurusd and went against me too early too. What I learned since I started this method is that as a newbie I'm not good enough knowing what actually is happening yet, then I take well the entrance following the method but i fail at exit as mostly all the time the price turns against me even before the next H4 candle closes. It may be because I'm not following the main trend or whatever, I don't know what's the issue to be honnest. here is an example of today,...
Just my Point of view for your consideration:
1. H4 TF is not suitable for 10 pips profit as you mentioned above. M15, M30 are better.
2. But as Big E stated, short term TFs are for gladiators, because you will see PA goes and revere regularly.
3. As you, I am still a newbie with TMS System. And I am trying to improve the results of my trades. How can I filter the good one?
The below is my observation on GU H4 TF:
- You can see 4 Possible EPs which I marked on Chart.
- Please note that Yellow EMA is 21 EMA, Shifted 5, Typical Price
- EP1 is a classical 5 method Entry: TDI GREEN crosses down RED, Stoch confirmes TDI Signal. But It is a risky entry because you are guessing that Price will go down.
- EP2,3,4 are more secure trades. Trade follow down trend: PA goes below EMA21 ==> Come back ==> Go below again
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Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #243
  • Mar 21, 2022 3:41am Mar 21, 2022 3:41am
Quoting tommydoginti
{quote} Dont hold onto losing trades. One option is trail your stoploss as trade goes into certain profit level Assuming your initial SL was at the previous high just outside left of your chart, despite price moved against you the SL did not trigger. For example, when price then turned down and break previous low, you could trail SL to break even or better. Is there a reason of Sell when it was a TMS bus setup? trade well
thank you, I didn't considered it and it's a better option because it lets the price to run if it's strong trending.

Quoting markrekt
{quote} Just my Point of view for your consideration: 1. H4 TF is not suitable for 10 pips profit as you mentioned above. M15, M30 are better. 2. But as Big E stated, short term TFs are for gladiators, because you will see PA goes and revere regularly. 3. As you, I am still a newbie with TMS System. And I am trying to improve the results of my trades. How can I filter the good one? The below is my observation on GU H4 TF: - You can see 4 Possible EPs which I marked on Chart. - Please note that Yellow EMA is 21 EMA, Shifted 5, Typical Price - EP1...
Hi markekt, I like your example, I agree with yout that is better to trade when the cross follows the main tendence, That's what I'm observing right now at eurusd 1H, there is an entrance signal to buy but the price wants to go down (IMO)

Seems that today 1H USDCHF wants to party, looks that we will have a good signal when the cande closes, but probably will be too late, also the TDI is just at 50.

Attached Image (click to enlarge)
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rip and tear until it's done
  • #244
  • Mar 21, 2022 4:05am Mar 21, 2022 4:05am
GCAD - Short EPs Closed
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Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #245
  • Mar 21, 2022 6:26am Mar 21, 2022 6:26am
Quoting sisucoro
{quote} thank you, I didn't considered it and it's a better option because it lets the price to run if it's strong trending. {quote} Hi markekt, I like your example, I agree with yout that is better to trade when the cross follows the main tendence, That's what I'm observing right now at eurusd 1H, there is an entrance signal to buy but the price wants to go down (IMO) Seems that today 1H USDCHF wants to party, looks that we will have a good signal when the cande closes, but probably will be too late, also the TDI is just at 50. {image}
is better to trade when the cross follows the main tendence,
On your posted USDCHF, look at H4: What does the direction look like?

Look at H1: What does the direction look like? Does it support H4 or go against it? Does it show signs that it could be reaching the end of its current swing?

Look at M15: Does it support H1 or go against it? Does it show signs that it could be reaching the end of its current swing?

Note that H4 CANNOT change direction until AFTER every TF below has changed. (That is why it is dangerous to keep your entries forever in the direction of the H4--you'll get caught in the wrong direction as the changing TFs get closer and closer to H4.)
To free Gazans of Hamas, use whatever it takes.
  • #246
  • Mar 21, 2022 6:37am Mar 21, 2022 6:37am
Trading tip: When deciding to enter on a higher TF that is indicating a reversal entry, examine lower TFs to find if there is a reversed trend established.
EXAMPLE. H1 is clearly in an up trend with higher highs and higher lows. A swing high is made, and TDI green crosses red down. Is this the beginning of a trend change on H1, or is it just going to be another pullback in the uptrend? That cannot be determined until later. But you can go to smaller TFs, and after that H1 swing high bar, look for a lower high on the smaller TFs. As soon as you see that, check for TDI green cross red and all of your other entry criteria to see if you have a valid sell entry.
To free Gazans of Hamas, use whatever it takes.
  • #247
  • Mar 21, 2022 7:34am Mar 21, 2022 7:34am
Quoting DrDave
Trading tip: When deciding to enter on a higher TF that is indicating a reversal entry, examine lower TFs to find if there is a reversed trend established. EXAMPLE. H1 is clearly in an up trend with higher highs and higher lows. A swing high is made, and TDI green crosses red down. Is this the beginning of a trend change on H1, or is it just going to be another pullback in the uptrend? That cannot be determined until later. But you can go to smaller TFs, and after that H1 swing high bar, look for a lower high on the smaller TFs. As soon as you see...
Quoting DrDave
{quote} is better to trade when the cross follows the main tendence, On your posted USDCHF, look at H4: What does the direction look like? Look at H1: What does the direction look like? Does it support H4 or go against it? Does it show signs that it could be reaching the end of its current swing? Look at M15: Does it support H1 or go against it? Does it show signs that it could be reaching the end of its current swing? Note that H4 CANNOT change direction until AFTER every TF below has changed. (That is why it is dangerous to keep your entries forever...
Thank you for your advice DrDave, what you say makes a lot of sense about what I'm trying to figure, and learned it, learned right now actually. Now, at the begining of this hour, a 4h candle was made to my charts, giving the signal of that entrance. I entered, guess what? price reversed then I readed your comments, checked the lower time frames and yes, the clearly show how shitty was my entrance.

4h chart
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30 minutes chart
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I will focus on this this week because I feel it like a big issue that I have to work with
rip and tear until it's done
  • #248
  • Mar 21, 2022 8:13am Mar 21, 2022 8:13am
Quoting sisucoro
{quote} {quote} Thank you for your advice DrDave, what you say makes a lot of sense about what I'm trying to figure, and learned it, learned right now actually. Now, at the begining of this hour, a 4h candle was made to my charts, giving the signal of that entrance. I entered, guess what? price reversed then I readed your comments, checked the lower time frames and yes, the clearly show how shitty was my entrance. 4h chart{image} 30 minutes chart{image} I will focus on this this week because I feel it like a big issue...
1.) It will help others to see exactly which bar you entered on if you place a vertical line on it.
2.) Looking at M30, you can see at your entry that TDI had green above red and red is even starting to curve up: Not a good sign for selling when TDI is going up.
3.) Check M15 and you see even more clearly that TDI bounced UP off of red.
4.) Because H1 did not get turned up, you can now monitor M30 to see if you get a sell setup there.
To free Gazans of Hamas, use whatever it takes.
  • #249
  • Mar 21, 2022 11:05am Mar 21, 2022 11:05am
Live Trade - GU H4 Long EP
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  • #250
  • Mar 21, 2022 11:25am Mar 21, 2022 11:25am
Quoting DrDave
{quote} 1.) It will help others to see exactly which bar you entered on if you place a vertical line on it. 2.) Looking at M30, you can see at your entry that TDI had green above red and red is even starting to curve up: Not a good sign for selling when TDI is going up. 3.) Check M15 and you see even more clearly that TDI bounced UP off of red. 4.) Because H1 did not get turned up, you can now monitor M30 to see if you get a sell setup there.
you can now monitor M30 to see if you get a sell setup

Here is what unfolded for a potential M30 sell.

At the CLOSE of the bar marked with the green Vline, TDI green crossed red down, signaling to check entry criteria.
Just one reason of many to skip this sell: The entry will be on the open of the next bar, which is the 4th down (red) HA bar. The 5-method says to make entries on the 1st or 2nd bar, and under special conditions, the 3rd bar. Bar 4 is too late.

Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #251
  • Mar 21, 2022 11:36am Mar 21, 2022 11:36am
Quoting markrekt
Live Trade - GU H4 Long EP {image}
That mostly looks like a good entry.

My main concern is the marked areas that could potentially be problematic to get above.

A more conservative approach would be to go to H1 (or even M15) and wait to see if price gets above that area with conviction.

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To free Gazans of Hamas, use whatever it takes.
  • #252
  • Mar 22, 2022 2:03am Mar 22, 2022 2:03am
Quoting markrekt
Live Trade - GU H4 Long EP {image}
GU Hit SL.
GU in the consolidation mode now
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #253
  • Mar 22, 2022 8:08am Mar 22, 2022 8:08am
Quoting markrekt
{quote} GU Hit SL. GU in the consolidation mode now
GU in the consolidation mode now
Actually, it was in consolidation when you made that buy. You can see many small bars and many bars wich wicks on both ends--signs of consolidation.
You can see that price hadn't actually made a good breakout from that consolidation box.

Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #254
  • Mar 25, 2022 7:31am Mar 25, 2022 7:31am
Hy DrDave,

I would like to thank you because I evolved a lot this week following the advice that you gave me last week, It was game changing actually. I spend all the week burning my eyes looking only naked charts, no TDI, no TMS, no stochastic, just candles (damn I don't even changed the uninviting green-over-black-background chart that MT4 opens by defaut) and I start realising how it moves and what it tell to us.

For example: The higher TF tell us big waves, but in the lower TF there are, like a fractal pattern, another waves inded into the big waves, and also another waves when we keep going into lower TF. A really open-eye understanding.

I get now what you mean by ''The markets are speaking to you. Do you know their language?'' The improvement was enormous, and it's weird but I feel more confident watching charts without indicators. Thank you again DrDave, I apreciate a lot what you make me see.

Good weekend to you all
rip and tear until it's done
  • #255
  • Mar 30, 2022 2:04am Mar 30, 2022 2:04am
Quoting sisucoro
Hy DrDave, I would like to thank you because I evolved a lot this week following the advice that you gave me last week, It was game changing actually. I spend all the week burning my eyes looking only naked charts, no TDI, no TMS, no stochastic, just candles (damn I don't even changed the uninviting green-over-black-background chart that MT4 opens by defaut) and I start realising how it moves and what it tell to us. For example: The higher TF tell us big waves, but in the lower TF there are, like a fractal pattern,...
I spend all the week burning my eyes looking only naked charts, no TDI, no TMS, no stochastic, just candles

Compare "just candles" to "just a line chart" (candles turn off and Line charts , Alt+F3 turned on).
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To free Gazans of Hamas, use whatever it takes.
  • #256
  • Apr 7, 2022 10:05am Apr 7, 2022 10:05am
NJ - H1 Short EP
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Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #257
  • Apr 7, 2022 8:02pm Apr 7, 2022 8:02pm
AJ; CADJ - H1 Short
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  • #258
  • Apr 8, 2022 6:35am Apr 8, 2022 6:35am
Hi

Great thread, thank you

I have been testing this week and found some plus and minus points, the biggest is what was mentioned in this thread about the 4hr not being alligned with lower timeframes.

The other part is what TP to expect on different timeframes, Ive usually gone for SL 2nd previous candle and place TP at double the Stop for 1:2 RR - however, they are taking a long time, TDI goes flat, then goes back etc

Tried to follow Big E 4hr, 4hr closed the 1hr for the NY open - however, My preference is daily and it seems to me, the TMS is the original philosophy for NNFX.

My struggle is knowing how often to check the 4hr when placing a trade as regards to daily, and what I mentioned above. I haven't given it enough time to see.

Also, tested the RSI on the same as the 5MA (5 period - typical) so far looks very responsive but have not done enough tests to say for sure.
  • #259
  • May 15, 2022 8:24pm May 15, 2022 8:24pm
Daily TF Scanning - Mon
1. UCAD
- Previous Candle (Last Friday): Red Candle; TDI Green crosses down Red; Candle #1; Good Body Size (Show Momentum); Close below EMA5 ==> Bearish Bias
- Find Short EP on H1 TF
2. EA
- Previous Candle (Last Friday): Red Candle; TDI Green crosses down Red; Candle #1; Good Body Size (Show Momentum); Close below EMA5 ==> Bearish Bias
- Find Short EP on H1 TF
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  • #260
  • May 15, 2022 11:10pm May 15, 2022 11:10pm
1. Set-up Candle Definition
- Set-up Candle is a Candle which show us signals to start searching for a Trade Entry. Set-up Candle shows us Direction Bias (Trend) to trade with it.
- After Set-up candle, we will find EPs on lower Time frame
- Set-up Candle TF: Daily TF
Trade Entry TF: H1 TF
- We us Synergy APB

2. Set-up Candle Criteria
I will define criteria for Short Bias (Long Bias is vice versa).
- Color Candle: must be Red
- TDI Green cross Red on Set-up Candle (Red Arrow appears on Set-up Candle)
- Body Size: Not too Small and Not too Big (Body Size of candle must show us Momentum on SHORT Direction; However, we will stay away from too Big size candle)
- Candle Wick:
o Not Long Lower Wick Lower wick shows that Sellers try to push price lower but Fail
o Better if Long Upper Wick Show Buyers try to push price higher but Fail
- Candle close: must be below EMA5 (We use EMA5, shifted 2, Typical Price)
- Set-up Candle must be Candle #1 or #2 after Color changing from Green to Red
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