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  • #9,961
  • Jan 24, 2013 7:18am Jan 24, 2013 7:18am
I would just like to remind you of the principles of the TMS method developed by eelfranz (R.I.P) and followed by PHx62. This is how eelfranz laid it out.

"I wanted a method that was simple, worked on all timeframes, simple rules, few indicators.... that when looking at my simple chart it just shouted out what I needed to do and developed a method that is 70-80%+ wins for me on a regular basis.

I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night.

 Entries and exits...

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. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...

Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.

If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy.

Important to study TDI entries on old charts, any time frame... Give yourself a chance and trade it like it's layed out..."

NO WAY. It canīt be that simple!!!!

Message to my self.
K.I.S.S
Cut your Losers short and let your Winners run.
  • #9,962
  • Jan 24, 2013 7:27am Jan 24, 2013 7:27am
EU

Video to watch:

http://www.compassfx.com/video/ip/12...1fda55003e3bce
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #9,963
  • Jan 24, 2013 7:43am Jan 24, 2013 7:43am
Or try their version same thing different view.

http://www.forexlive.com/blog/2013/0...g-but-healthy/
Cut your Losers short and let your Winners run.
  • #9,964
  • Jan 24, 2013 7:46am Jan 24, 2013 7:46am
Hi Guys..
A great technique and I am new to this thread. Hope someone can clarify this for me...

Synergy bars - are these the HA bars oir another bar type pls?
  • #9,965
  • Jan 24, 2013 8:27am Jan 24, 2013 8:27am
A very nice move up following a strong break of the 200 EMA.
Attached Image (click to enlarge)
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  • #9,966
  • Jan 24, 2013 8:39am Jan 24, 2013 8:39am
Hi,

Could someone tell me if I am reading the attached below chart correctly.

I would wait until LO which would have given the first of my big red bars down. (EU 1 hr)
At completion of 1 hour bar marked '1' tdi crossed red down and was def 4 to 6 o clock. That bar had firmly crossed resistance and then popped back up which was the asian session low. In realtime I think I might have taken this trade because the rule states "we will trade in direction of the break" and cross of TDI but it also says watch out for fakeys so its a bit hit and miss at open of the next bar but in hindsight it closed above resistance and was a green bar so the PA is not stacking up.

At point marked 2 green had crossed up, so my entry is open of next candle. This would have had a TP at open resistance with a SL at prev low ?

Let me know how I'm shaping up

cheers
PG
Attached Image
  • #9,967
  • Jan 24, 2013 8:58am Jan 24, 2013 8:58am
Hi Phx62,

Do you trade the NY session......or is it only the London and Asian......and is there a 'technical trading reason' why (if it is) a 'no to the NY session'.

Asking because in looking at price action....and the impact of stock market on USD.


Thanks
  • #9,968
  • Jan 24, 2013 9:22am Jan 24, 2013 9:22am
My trade today at NY using this system.
- price broke resistance
- TDI green bounced off red
I closed the trade when I saw a pullback candle right after my entry candle. Only +10 pips
Looks like I jumped in a little bit late and jumped out quite soon.
Any comments?
Thanks!

Attached Image (click to enlarge)
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  • #9,969
  • Jan 24, 2013 9:32am Jan 24, 2013 9:32am
Quoting Anu_
Hi Guys..
A great technique and I am new to this thread. Hope someone can clarify this for me...

Synergy bars - are these the HA bars oir another bar type pls?
Please do some research.....most of the answers you are looking for are in this thread......
http://www.forexfactory.com/showthre...00#post5338100
  • #9,970
  • Jan 24, 2013 9:41am Jan 24, 2013 9:41am
Quoting lounge14
Hi Phx62,

Do you trade the NY session......or is it only the London and Asian......and is there a 'technical trading reason' why (if it is) a 'no to the NY session'.

Asking because in looking at price action....and the impact of stock market on USD.


Thanks
Asked and answered several times......I have mostly traded the London sessions for the past 2 years.....with the market volume right now on the EJ, I have taken some EJ trades during the Asian session.....I rarely trade the NY session due to time constraints....
  • #9,971
  • Jan 24, 2013 9:56am Jan 24, 2013 9:56am
Quoting xixi
My trade today at NY using this system.
- price broke resistance
- TDI green bounced off red
I closed the trade when I saw a pullback candle right after my entry candle. Only +10 pips
Looks like I jumped in a little bit late and jumped out quite soon.
Any comments?
Thanks!

Attachment
Hi

Can you explain to me how do you add those entry and exit circle on the chart? I am trying to post my trades but cant figure out how to

By the way I almost entered the same trade as yours only to exit with 8 pips

And entered earlier on the short trade with 7 pips

Babypips; so far so good
I Have Learned to Take Some Losses to Make Profits
  • #9,972
  • Jan 24, 2013 10:11am Jan 24, 2013 10:11am
Quoting TheScorpS
Hi

Can you explain to me how do you add those entry and exit circle on the chart? I am trying to post my trades but cant figure out how to

By the way I almost entered the same trade as yours only to exit with 8 pips

And entered earlier on the short trade with 7 pips

Babypips; so far so good
Hi TheScorpS,
I explain in the picture below.

Attached Image (click to enlarge)
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  • #9,973
  • Jan 24, 2013 10:31am Jan 24, 2013 10:31am
Quoting dee50
Hello MyHong. Before making requests for templates, indicators etc, please click on the paper clip symbol (next to "reply to thread") click on "hide images" there you will find every thing that has been posted. If you want to know specifics about a contributor like PHx62, click on his avatar in one of his posts. This opens the profile window. top LH you will see eg. "381 Posts" click on this. On the next page click on "advanced search options" then you have a choice, to "show attachments with posts" or "Only include posts with attachments"...
Thanks Dee.....couldn't have stated it any better myself......
  • #9,974
  • Jan 24, 2013 10:58am Jan 24, 2013 10:58am
Hi,

1. my NZDUSD H4 trade played out: the last portion hit SL. It would have been better to close the trade manuallay after the doji which tested the previous week's hig but was rejected.

2. EURAUD H4
After the bullish TDI cross and two bullish HA candles and price above ema(200) and double bottom I entered long. TP1 (36 pips) set below previous week's Fib 61.8, the TP2 (85 pips) set below the previous significant high. Perhaps I was conservative, because the Fib 127 has been rached already.

3. EURJPY H4
Bullish TDI cross, price above ema(200), bullis HA candles. TP1 (90 pips) set below previous week's Fib 61.8, TP2 (156 pips) just below next RN of 119.500. The price has already reached BRN 120.000 but I was conservative again.

Perhaps I simplify my trades and in some cases I feel that I could have let my winners longer running ut I am still learning. This was the end of week for me.

take care,
thrax
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  • #9,975
  • Jan 24, 2013 11:33am Jan 24, 2013 11:33am
Quoting pgtips
Hi,

Could someone tell me if I am reading the attached below chart correctly.

I would wait until LO which would have given the first of my big red bars down. (EU 1 hr)
At completion of 1 hour bar marked '1' tdi crossed red down and was def 4 to 6 o clock. That bar had firmly crossed resistance and then popped back up which was the asian session low. In realtime I think I might have taken this trade because the rule states "we will trade in direction of the break" and cross of TDI but it also says watch out for fakeys so its a bit hit and miss...
Good analysis, but, you missed a couple of pointers, Green and Red were above the yellow MBL, Yellow MBL was above the 50 this indicates that there is upward momentum. The green crossed Red with good angle so a short was possible but with the other sign of upward momentum you would have been looking for a quick short. Something else to consider, Below was a strong S&R level which had held for the last 5 days and price did reject off it again.
Cut your Losers short and let your Winners run.
  • #9,976
  • Jan 24, 2013 11:43am Jan 24, 2013 11:43am
Quoting Phx62
A very nice move up following a strong break of the 200 EMA.
Hi Phx62,

what was the reason that you reentered for the 100 pips? The TDI cross or anything else?

Cheers
  • #9,977
  • Jan 24, 2013 1:37pm Jan 24, 2013 1:37pm
Hi Phx62,

i have a question on today EJ trade.

I saw on some of your older posts that sometimes wait for breakout of the asian session before entering during the london.

The question is: when do you think this is an important rule to add to the plan? just when the asian range is very small?


Thanks for your answer and very usefull teaching.
  • #9,978
  • Jan 24, 2013 1:58pm Jan 24, 2013 1:58pm
Quoting xeagon
Hi Phx62,

what was the reason that you reentered for the 100 pips? The TDI cross or anything else?

Cheers
I trade price action first....when I got to my computer, the Frankfurt session candle had turned red and pulled back, then the LO candle had resumed the upward movement (the London session is usually when the strongest price action occurs) confirming the strong cross of price over the H1 200EMA and the M15 200EMA...also the green TDI was above the yellow and crossing the red, which confirmed the trade.....so I entered with a 50 pip TP and a 50 pip SL....none of the H1 candles turned red or pulled down below the low of a previous candle and the yellow MBL was sloping up. Also, the 200EMA had made a bullish turn (changed from red to green) during the Asian session, so I moved my TP to 100 and trailed my SL.....I could not monitor the trade anymore, so my EA closed the trade for 100 pips......if I had been able to monitor longer, I would have stayed in the trade until I got a red candle or strong cross of the TDI back down.....in hindsight that would have been for about 130 pips.
  • #9,979
  • Jan 25, 2013 12:21am Jan 25, 2013 12:21am
Quoting xixi
Hi TheScorpS,
I explain in the picture below.

Attachment
Thanks for your help
I Have Learned to Take Some Losses to Make Profits
  • #9,980
  • Jan 25, 2013 2:06am Jan 25, 2013 2:06am
Hi Phx62,

I read a lot of ur trade idea, so fantastic but still can't catchup like U. Just want to know, did U entered when the candle still progressing not closed?
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