Thank you very much Rubernet for sharing your modified template . I am a big fan of TMSR and Robinhood Indicators in the past. These days not trading H4/D1 timeframe, I trade Gold, US500 during USA session. Today this was a great Short opportunity . I am also trying M15 charts but chaecking M30/H1/H4 HA candles for a filter. Daily Pivots works good for Gold and indices. For currency M30/H1/H4 and all reules I am following your template. How do you place SL and What do you follow for an early exits !? Thanks again. This is working amzing. {image}...
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Hi there
When there is momentum I trade, that is what the TMMS Oscillator signal shows you, so don't waste your time to trade when the momentum is low. Also don't just take every signal, check PA, look left for major S/R levels, check right for the pivot levels. GBP pairs tend to pullback after the signal and then move again in the direction of the signal.
I am happy to take 20 pips per trade, if momentum is still strong, I will let the trade run but then creating a SL and moving SL forward as price moves.
I actively watch PA during the trade, if it turns against me, I get out.
I don't really us a SL when momentum is strong but will create a SL when momentum weakens before I hit my target and move SL to BE as soon as possible.
Not using a SL is just me, please use a SL, work out your own RR.
Trade safe
took the same trade. I have been using the template all week. Mostly good results that I can post later. I will keep testing for the rest of the month so I can get better at it. A lot of winners this week
Attached Image (click to enlarge)
The only thing better than a crawfish dinner...is 2 crawfish dinners
here are the weeks results. I was aiming mostly for 20-25 pips. There are some trades that are in the negative because I did not mange them well.
Using the m30 and h1 for direction then using m5 for entry I was able to get some nice trades this week, some went to run over 100 pips. Something that I will be testing is having 2 TPs, one 20-25 pips and anther close to 50-75 pips depending on the pair.
My entries were alight which is something else I will work on for next week.
Making sure all were 3 TF's were inline was something that I was looking for so I just traded with the momentum of the market.
Anyone who has more success with this please share. I think there is a lot of potential to find.
This weekend I will review all the trades to see what I could have done better
Attached Image (click to enlarge)
The only thing better than a crawfish dinner...is 2 crawfish dinners
{quote} Hi there When there is momentum I trade, that is what the TMMS Oscillator signal shows you, so don't waste your time to trade when the momentum is low. Also don't just take every signal, check PA, look left for major S/R levels, check right for the pivot levels. GBP pairs tend to pullback after the signal and then move again in the direction of the signal. I am happy to take 20 pips per trade, if momentum is still strong, I will let the trade run but then creating a SL and moving SL forward as price moves. I actively watch PA during the...
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Hi Rubernet,
Thank you for your detailed reply! I noticed that some of your charts include the TDI indicator. Are you using it specifically for early exits when the direction starts to turn? It seems like a great way to refine trade management, especially in volatile market conditions.
On another note, with so many instruments available to trade daily, how do you go about selecting the currency pairs you focus on? Do you have a specific process, or is it based on a tool or dashboard?
I was wondering if we currently have a dashboard setup that incorporates tools like the TMMS Oscillator or Heiken Ashi (HA) candles. If not, I’d be happy to explore requesting some developers to create one for us. A well-structured dashboard could be a game-changer, helping us quickly identify opportunities across pairs.
By the way, TSM(R) template and your enhancement, looks like it has fantastic potential for scalping. It’s clean, concise, and seems to align well with momentum strategies.
Looking forward to hearing your thoughts!
Best regards,
MT
here are the weeks results. I was aiming mostly for 20-25 pips. There are some trades that are in the negative because I did not mange them well. Using the m30 and h1 for direction then using m5 for entry I was able to get some nice trades this week, some went to run over 100 pips. Something that I will be testing is having 2 TPs, one 20-25 pips and anther close to 50-75 pips depending on the pair. My entries were alight which is something else I will work on for next week. Making sure all were 3 TF's were inline was something that I was looking...
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Hi Bandit,
Awesome work—congratulations! I noticed you’re using M5 charts for your entries, which is very interesting. I’ve never tried that approach before, but I’m inspired to give it a shot next week during the market’s busy hours when momentum is high.
Quick question: When you mention entering on M5 with a filter from M30/H1, are you using the TMMS Oscillator, Heiken Ashi (HA) candles, or a combination of both as your filter? It’s a smart way to refine entries, and I’d love to hear how you apply it in practice!
Looking forward to your insights!
Best regards,
MT
{quote} Hi Bandit, Awesome work—congratulations! I noticed you’re using M5 charts for your entries, which is very interesting. I’ve never tried that approach before, but I’m inspired to give it a shot next week during the market’s busy hours when momentum is high. Quick question: When you mention entering on M5 with a filter from M30/H1, are you using the TMMS Oscillator, Heiken Ashi (HA) candles, or a combination of both as your filter? It’s a smart way to refine entries, and I’d love to hear how you apply it in practice! Looking forward to your...
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This is what I saw on GU for NY session. m30 had all red bars, the smTMMS was crossing over so then I went to m5 to see there was all red, sell candle, and I have been testing the 200 ema as a guide, price was also under the 200 so I entered. Not the most precise entry honestly, but I am just seeing that I am on the right side of the market
Attached Image(s) (click to enlarge)
The only thing better than a crawfish dinner...is 2 crawfish dinners
{quote} Hi Rubernet, Thank you for your detailed reply! I noticed that some of your charts include the TDI indicator. Are you using it specifically for early exits when the direction starts to turn? It seems like a great way to refine trade management, especially in volatile market conditions. On another note, with so many instruments available to trade daily, how do you go about selecting the currency pairs you focus on? Do you have a specific process, or is it based on a tool or dashboard? I was wondering if we currently have a dashboard setup...
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Hi Malvern
I was just testing the TDI as a filter for entries on the 1 hr TF but not using it. There was a DB created by the coder Swingman, check post 3361 and 3364. I do not currently use it. I trade mostly all FX pairs and some Indices with the exception of some crazy pairs like AUDNZD.
