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  • #18,161
  • Apr 25, 2013 1:54am Apr 25, 2013 1:54am
Pipsmurfer and Emmanual , Thanks for explanation, Emmanual , will take me sometimes to find a away do it ,
  • #18,162
  • Apr 25, 2013 1:58am Apr 25, 2013 1:58am
Quoting tenmilewalk
{quote} Hello Emmanuel, is there something wrong with the eur.jpy h1? What does RN mean? Should I only take notice of zone numbers if its near 68 or 32? next time i see the candles forming like this, should i explain that i entered because of second candle? Thank you

nothing wronh with EJ H1... you zoom out on H4. What do you see? can you tell me what the market type is?

RN = Round Number....... 129.50, 130.00, 130.50 ... in steps of 50pips
BRN = Big Round Number 129.00, 130.00, 140.00 .... obvious the main levels.

Yes, pay attention to PA when TDI is above 68 and below 32. These are the areas where we get to better trades.

When trading H1 on intraday, you have to consider the short term support and resisitance. All entries must be based on PA at S&R (PASR), the TDI on H1 trading is used for confirmation of the PASR. Read Phx62 posts.
H1 trading is more aggressive and we must use PASR.
You love drive fast, you need the skills to handle a car powerful engine.
Else, drive normal us H4.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,163
  • Apr 25, 2013 2:01am Apr 25, 2013 2:01am
Quoting barloc
{quote} Hello Emmanuel Would you happen to have a similar script, that will capture " save as active workspace"instead? So that it will save pictures like this --> Thank you {image}
right now, sorry no I don't.

that Windows workspace and I need to figure out how MT4 script can do that.

But there are many windows screen capture software which does that.

Try SnagIT at www.Techsmith.com

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,164
  • Apr 25, 2013 2:04am Apr 25, 2013 2:04am
EJ H1 traders,

now you better watch out for that last H1 candle... what is that?
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 25 Apr LO pullback 25-4-2013 3-06-12 PM.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,165
  • Apr 25, 2013 2:08am Apr 25, 2013 2:08am
Quoting emmanuel7788
EJ H1 traders, now you better watch out for that last H1 candle... what is that?
Is this an Hammer, or is the upper wick to long? An hammer could indicate a reversal.
  • #18,166
  • Edited 2:15am Apr 25, 2013 2:11am | Edited 2:15am
Quoting Pipsmurfer
{quote} Is this an Hammer, or is the upper wick to long? An hammer could indicate a reversal.
I updated my post with a chart.

I know someone is in this trade already well before that pullback candle.. LOL.

That someone drives a F1 type car...
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 25 Apr LO F1 entry 25-4-2013 3-13-29 PM.png Size: 16 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,167
  • Apr 25, 2013 2:13am Apr 25, 2013 2:13am
Quoting Ozforex13
{quote} I don't think its a reversal yet as the higher timeframes are all bullish. However, I am trying to short it for at least a couple of candles on a pull back and wait for the other markets to give more direction on this pair.
Have you set a take profit target or do you wait for the TDI to flatten out?
  • #18,168
  • Apr 25, 2013 2:13am Apr 25, 2013 2:13am
Quoting emmanuel7788
{quote} nothing wronh with EJ H1... you zoom out on H4. What do you see? can you tell me what the market type is? RN = Round Number....... 129.50, 130.00, 130.50 ... in steps of 50pips BRN = Big Round Number 129.00, 130.00, 140.00 .... obvious the main levels. Yes, pay attention to PA when TDI is above 68 and below 32. These are the areas where we get to better trades. When trading H1 on intraday, you have to consider the short term support and resisitance. All entries must be based on PA at S&R (PASR), the TDI on H1 trading is used for confirmation...
Yes. I remember where you asked phx62 if he based the trades on tdi for the eur.jpy and he said it was pasr.

I should not trade H1 but treat it like is H4

I should put more emphasis on PA.
-I shouldve noticed that the price was moving around 152 for quite a while the past day or two.


Thank you
  • #18,169
  • Apr 25, 2013 2:14am Apr 25, 2013 2:14am
Quoting emmanuel7788
{quote} I updated my post with a chart. I know someone is in this trade already well before that pullback candle.. LOL. That someone drives a F1 type car...
That was me, I was in a short, took half my position at +19, rest was stopped out at BE.
  • #18,170
  • Apr 25, 2013 2:21am Apr 25, 2013 2:21am
Quoting tenmilewalk
{quote} Yes. I remember where you asked phx62 if he based the trades on tdi for the eur.jpy and he said it was pasr. I should not trade H1 but treat it like is H4 I should put more emphasis on PA. -I shouldve noticed that the price was moving around 152 for quite a while the past day or two. Thank you
Yes, I had to ask Phx62 becasue many people read his post and remained silent not asking questions.

H4 entry /exit is based TDI cross.

H1 is PASR entry and TDi cross is only confirmation.

M15 is yet another basket of fishes. So I really don't recommend anyone here to trade M15.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,171
  • Apr 25, 2013 2:22am Apr 25, 2013 2:22am
[quote=emmanuel7788;6634955]{quote} right now, sorry no I don't. that Windows workspace and I need to figure out how MT4 script can do that. But there are many windows screen capture software which does that. Try SnagIT at www.Techsmith.com regards,[/


Yea i could not find a script like that, ill just keep using MT4 save as active chart.

Thanks
Dragon Rider
  • #18,172
  • Apr 25, 2013 2:38am Apr 25, 2013 2:38am
Quoting emmanuel7788
{quote} Yes, I had to ask Phx62 becasue many people read his post and remained silent not asking questions. H4 entry /exit is based TDI cross. H1 is PASR entry and TDi cross is only confirmation. M15 is yet another basket of fishes. So I really don't recommend anyone here to trade M15.
that actually cleared up quite a bit the diff with h4 and h1 for me

thank you emmanuel
  • #18,173
  • Apr 25, 2013 4:56am Apr 25, 2013 4:56am
Hi traders,
have been reading and re-reading the TMS system from the PDF's in this forum.
I am in demo and having mainly losing trades, so i am missing something.
Have attached a trade I am currently in. Entered with Green crossing red, and green in 12-2 position.
entered on first candle with this set up.
Is this correct, or should i be waiting for the candle to close on this current hour to confirm the direction and entry?
I have been having trades that meet the set up, but by the time the next candle is towards closing the TDI is gone flat or changed direction.

Just uploaded the attachment so I think it is attached.

Thanks for the help
Attached Image (click to enlarge)
Click to Enlarge Name: test buy eurjpyh1.png Size: 68 KB
  • #18,174
  • Apr 25, 2013 5:16am Apr 25, 2013 5:16am
Quoting rob Miller
Hi traders, have been reading and re-reading the TMS system from the PDF's in this forum. I am in demo and having mainly losing trades, so i am missing something. Have attached a trade I am currently in. Entered with Green crossing red, and green in 12-2 position. entered on first candle with this set up. Is this correct, or should i be waiting for the candle to close on this current hour to confirm the direction and entry? I have been having trades that meet the set up, but by the time the next candle is towards closing the TDI is gone flat or...
Attached Image (click to enlarge)
Click to Enlarge Name: test buy eurjpyh1.png Size: 70 KB


EUR/JPY is in range from sometime, was not able to go upper or down... to take trade in the midlle of the range with risk price will not break upper or lower lines is risky. In TMS we rather have to avoid such market situation (sideways). It is not good opportunity for trade
Take look on H4 timeframe and you see what I am talking about...
Only posting your trades you can improove your trading..
JacekPreserve Precious Capital
  • #18,175
  • Apr 25, 2013 5:41am Apr 25, 2013 5:41am
My entry this morning, looking for 50 pips while APB still looks good...

Still kicking myself for getting out of GBPUSD and EURUSD, would have given me my 250 pips for the week!
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh4.png Size: 79 KB
@pawpaw1000 on Twitter
  • #18,176
  • Apr 25, 2013 5:41am Apr 25, 2013 5:41am
I wouldn`t have touched this trade, as

TDI level is toooooo high and
Stoc level is toooooo high.

Read first posts regarding 68-32 rule ( and equivalent for STO).

Regards
  • #18,177
  • Edited 5:53am Apr 25, 2013 5:42am | Edited 5:53am
I keep seeing people say they're losing. I don't trade H4, so I just questioned myself maybe TMS doesn't work on H4 anymore.

So I quickly load up H4 EU - the hardest pair to trade & check.

I have minimised the profits as much as possible: i.e.

  1. exit when TDI cross in the opposite direction instead of exit when the TDI just hook back etc.
  2. enter on the close of H4 candle, and exit on the close of H4 candle, which is considered a late entry/exit
  3. ignore the session and the time the cross happens
  4. ignore the S/R as well as PA (i.e. blindly enter/exit on cross)


Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 34 KB


From this screenshot:

  1. The up/down arrow appears on the candle after the TDI has crossed on that candle, indicating which type of cross it is
  2. Blue area are profits. Gold area are losses.
  3. Except the last one area is light green. It can be considered as profits if there was no "Obama Injured fake news" happened. However, since that fake news happened, SL - prev swing low - was hit. So it's up to you to decide whether it's a loss or profit in TMS system.


From this screenshot you see the height of the blue minus the height of the gold is still positive.
Hence TMS is still making profits, with all of these limited conditions I state above. If you have experience with PA, or have time like me trading H1, you can increase more profits.

About M15 or H1 or H4: new starters should always choose higher TF. On lower TF, basically it's the same like higher TF (i.e. 4x m15 candles = 1x H1 candle) but it will bring more noise and you will get lot of whipsaws. On the bright side, it brings better entry/exit if you have enough skills or know how to fine tune it...

back... and more dangerous.
  • #18,178
  • Apr 25, 2013 5:54am Apr 25, 2013 5:54am
Quoting kbp
I keep seeing people say they're losing. I don't trade H4, so I just questioned myself maybe TMS doesn't work on H4 anymore. So I quickly load up H4 EU - the hardest pair to trade & check. I have minimised the profits as much as possible: i.e. exit when TDI cross in the opposite direction instead of exit when the TDI just hook back etc. enter on the close of H4 candle, and exit on the close of H4 candle, which is considered a late entry/exit ignore the session and the time the cross happens ignore the S/R as well as PA (i.e. blindly enter/exit on...
May I ask you about how to fine tune H1 entry from M 15 ?

Thank you
I Have Learned to Take Some Losses to Make Profits
  • #18,179
  • Apr 25, 2013 6:01am Apr 25, 2013 6:01am
Hi jackub
Thanks for the reply.
I did look at the 4hr chart a bit later and saw the flat Tdi and wondered about the wisdom of my entry.
  • #18,180
  • Edited 6:17am Apr 25, 2013 6:07am | Edited 6:17am
Quoting TheScorpS
{quote} May I ask you about how to fine tune H1 entry from M 15 ? Thank you
Out of scope of TMS so I removed that line...
anyway X-man reckoned me via pm the M15 TDI method from "Another simple system" thread, when combined with X-man S3 H1 and S/R and PA. It will help to fine tune IMO, the original TDI from Dean was for M15 anyway. Something like this:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 26 KB


Please note the "and" keyword. I still strongly recommended not to trade H1/M15 until already have profits from H4 TMS or from pure TDI trading method.

Especially new starters, new starters cannot make profits because they keep go from one to another system when one system does not work out... the more time we spend on one system, the more we get/understand/breath the system and come 1 more step closer to success... if jump to other system = reset everything. Trust me, been there, done that. 4yrs since the first time trading forex for me already.
back... and more dangerous.
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