As i'm using the H4 strategy. I'll be posting my set up:
Entry should be somewhere around 0.9800 or when 4EMA crosses above 60EMA.
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DislikedYour waiting for the HA candle to touch the vertical line, not another vertical line to intersect it.Ignored
DislikedI closed my trade for 60pips.
Made a loss of 10 pips by going short too early
So i have 50pips for a few hours work.
i'll be back at the NY session to make more pips.
Ignored
DislikedI closed my trade for 60pips.
Made a loss of 10 pips by going short too early
So i have 50pips for a few hours work.
i'll be back at the NY session to make more pips.
Ignored
DislikedGuys there is no new rule to the system, I have mentioned before that it is based on my experience that i executed the trade just before the TDI cross.
Do 300 demo trades and measure your success from there, by then you will have a good background of experience and confidence (with lots of back testing)
[size=3][color=blue]By the time you finish with the 300 trades you will be knowing the formation of candles and the pullbacks that occurs as...Ignored
Dislikedentered long (london session)... easy 50pips.
reason why i think we should mark vertical lines mark on london and ny starts.. is
on these sessions starts.. flow in very much money.. so.. we can see where PA is going.. if sellers is more than buyers.. PA is going down.. so we can jump in and get 40-50 pips.. when london start.. we just need to a lil bit w8.. where OA ll be going.. and jump in... its works 70-80%.. you can do backtest...
and mark vertical lines 2h before london and ny sessions does not sense.
anyway.. its only my opinion.....Ignored
DislikedSo it is not a simple system at all then is it? Apart from the the rules one has to use subjective decisions? In a matter of seconds one changes one's mind and go from "sell" to "buy" ? Very confusing indeed. Very fishy also. Tread carefully faithful followers of this guru. I think he means well but he will cost you moneyIgnored
DislikedI don't think the negativity is warranted, X-Man has posted lots of useful posts in the TMS thread and has the endorsement of many veterans.
X-Man: While I don't think that trade you just posted followed your rules earlier in the thread, I am hardly going to write off the whole system because of that. Anyone pulling in 1000+ pips a month trading full time deserves to be listened to.
I think the main problem is that you have posted a very simple set of rules (like big e did with TMS), but then so early in the thread have posted a trade that doesn't...Ignored
DislikedSo would it be fair to say then any good TMS entry between after the vertical lines should be taken on this method? (assuming its not right before the NY open)
Given that you need to close before the NY vertical line, obviously the best trades to take will be as close to the London open as possible.Ignored