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Trading Made Simple

  • #18,341
  • Apr 27, 2013 4:41am Apr 27, 2013 4:41am
Quoting emmanuel7788
TMS 4H Trading CheckList on Chart... How many of you want to see this checklist on your chart? this should serve as constant reminer when you trade 4H. {image}
Hi Emmanuel, seeing point 2 makes me think I've misunderstood TMS for a while.
We enter on candle #1 or #2. What is counted as 1st-2nd candle?
Does it mean the candle starting from the cross, or starting from the candle series?

For example: we have 1 blue candle followed by 10 red candles. The TDI cross on the 5th candle.

Which one is true?
1. We enter on the 5th-6th candle (i.e first 2 candles when TDI has just crossed),
2. We don't enter because it's the 5th-6th candle of the red series, not the first 2 of the red series.

Thank you.
back... and more dangerous.
  • #18,342
  • Apr 27, 2013 4:49am Apr 27, 2013 4:49am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
Jackub:
I won t say anything different from others, but want to tell you that what happened to you happened to me many times, and asked to myself the same question, why i bought on the most highest point of the chart???, could not believe it and stayed several minutes in front of the pc watching the stupid thing I had made until I started to be calm, and down the questions. was it a technical decision or was it a pshicological reaction, and the answers begun to come little by little. not many months ago i discovered that more than a bussiness, forex is a fight or a battle between me and my patience, me and my sudden reactions, me and ... and ...and, but you know what=? I m still alive, and not even thinking in giving it up (and still want to fire my boss). I m not alone, you are not alone.
regards.
  • #18,343
  • Apr 27, 2013 5:36am Apr 27, 2013 5:36am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
[quote=emmanuel7788;6641524]TMS 4H Trading CheckList on Chart...

Hi Emmanuel7788, I do want, for sure one day I ll know it by heart.
thank you again.
  • #18,344
  • Apr 27, 2013 5:46am Apr 27, 2013 5:46am
Quoting emmanuel7788
TMS 4H Trading CheckList on Chart... How many of you want to see this checklist on your chart? this should serve as constant reminder when you trade 4H. {image}
What a great idea

Take it one stage further, especially beneficial for the impulsive newbies, the checklist disables the order manager until x number of items have been ticked.
Cut your Losers short and let your Winners run.
  • #18,345
  • Apr 27, 2013 6:01am Apr 27, 2013 6:01am
Quoting Amirsaid
{quote} hello from SPAIN is this an expert or u made by hand there are any expert for this system on 4h TF or 1 TF thanks Have a nice week end every body
If you really want to try an EA for this method, here are a couple of links.

http://www.forexfactory.com/showthread.php?t=332760

http://www.forexfactory.com/showthread.php?t=292301

Do not ask questions about the EAs on this thread.
Cut your Losers short and let your Winners run.
  • #18,346
  • Apr 27, 2013 6:25am Apr 27, 2013 6:25am
Quoting Hcp
Jackub: I won t say anything different from others, but want to tell you that what happened to you happened to me many times, and asked to myself the same question, why i bought on the most highest point of the chart???, could not believe it and stayed several minutes in front of the pc watching the stupid thing I had made until I started to be calm, and down the questions. was it a technical decision or was it a pshicological reaction, and the answers begun to come little by little. not many months ago i discovered that more than a bussiness, forex...
Hi Hcp, well nice words, yes I am very experienced in taking losers, remember few months ago trying M15 i noticed 12 loosing trades in a row, so five is notghin unusal for me...
Will do better for sure
Have nice weekend
JacekPreserve Precious Capital
  • #18,347
  • Edited 8:09am Apr 27, 2013 7:57am | Edited 8:09am
Quoting kbp
{quote} Hi Emmanuel, seeing point 2 makes me think I've misunderstood TMS for a while. We enter on candle #1 or #2. What is counted as 1st-2nd candle? Does it mean the candle starting from the cross, or starting from the candle series? For example: we have 1 blue candle followed by 10 red candles. The TDI cross on the 5th candle. Which one is true? 1. We enter on the 5th-6th candle (i.e first 2 candles when TDI has just crossed), 2. We don't enter because it's the 5th-6th candle of the red series, not the first 2 of the red series. Thank you.
1) The regular type of entry is after TDI crossed confirm and then we enter after candle#1 close. We can enter during candle#2 (i.e. before candle#2 closes) but this is very much depends on PA and how one read the APPB and price. But most cases, we enter when candle#2 close. Note that Big E some times enter a trade just during candle#2 and even when that candle#2 is not likely to close at the opposite side of the 5EMA.

2) There will be situations when we enter during candle#1 before it close, this depends a lot on the previous candle before candle#1, for e.g. if there is a pullback candle with a lot of downward thrust which can be a blue APB in the case for a sell entry. The TDI should show a very sharp turn painting down very steep 5-6 clock face angle (not 4-6).

3) If we see a TDI cross at candle#5 onwards, the PA will highly likely show wide range consolidation at a top resistance or botton support. The chart pattern will be double or triple tops or double or triple bottoms. There will be some cases of expanding assymetrical tri-angle chart pattern.

4) Note: when market is in narrow range consolidation, TDI crosses are less reliable, therefore it is more important to recognise the market type and use PA of the APB and price bar/candles.

5) We can also enter when the APB is 5th candle and above when the market type is trending or when there is breakout. Such entries are are CONTINUATION entrries using PA Candlestick Pattern (CSP) for example Inside Bar, Double Inside Bar, Pop Gun, 3-bar pullback, 123-entry. All these are supported by TDI bounce, \/ -shape TDI and /\-shape TDI downwards.

One needs a lot of experience and the ability to read charts quickly and make fast decision. Therefore 4-hour trading is not so fast and infact is 'slow enough' for anyone to assess the charts setups and make decisions.

many traders fails in H1 because they lack the skills to read PA well and not knowing how to indentify Supp/Res and how to read PASR.

Hope this explains.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,348
  • Apr 27, 2013 8:06am Apr 27, 2013 8:06am
TMS CheckList on Chart indicator:

This is an optional indicator (ytrial version) which you can use to show the checklist on your charts as a sort of reminder and guide. This indicator can be turn on / off and you do not need to remove it from your chart template.

Try it when market opens next week.

Please feedback to me any improvements or if you want the checklist item changed.

Enjoy.
Attached Image (click to enlarge)
Click to Enlarge Name: TMS CheckList indicator.png Size: 70 KB
Attached File(s)
File Type: ex4 !#_TMS checklist on chart.ex4   6 KB | 859 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,349
  • Edited 9:41am Apr 27, 2013 8:23am | Edited 9:41am
Quoting birdnest
Hi All, I have been following quietly on this thread. I haven been making some right trades and believe I have not been observing the whole charts alongside with the PA of the bars, momentum, S/R etc. I could have been blindly following the TDI and stoch to make my entry/exit. I have been analying the charts for a couple of weeks and noticed these 2 pairs which could be a possible entry? Hopefully, some experts can guide if I am seeing something here..... {image} {image}
http://www.forexfactory.com/attachme...1&d=1367039631

Questions:

1) why you did not take the previous TDI cross and APb candle#2?

2) what support and resistance did you see when you took that trade setup?

3) Can you identify Divergence on your chart?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,350
  • Apr 27, 2013 8:29am Apr 27, 2013 8:29am
Quoting Phx62
Here are my trades for the week....I did not trade today because of some pressing business matters....still a good week. {image}
Hi Phx62,

Nice trades and stress free, i believe. I am a newbie. Can you tell me the trading hours you look into and the SL-TP you keep for every trade? I tried small time frames, but seeing your 1Hr trades i think i can bank more pips with less stress.. Appreciate your help.
  • #18,351
  • Apr 27, 2013 9:34am Apr 27, 2013 9:34am
Quoting bluejack
{quote} Hi Phx62, Nice trades and stress free, i believe. I am a newbie. Can you tell me the trading hours you look into and the SL-TP you keep for every trade? I tried small time frames, but seeing your 1Hr trades i think i can bank more pips with less stress.. Appreciate your help.
I read through your posts and got the answers.. Thank You..
  • #18,352
  • Apr 27, 2013 11:44am Apr 27, 2013 11:44am
Quoting membina
{quote} Hi Phx62 Is the cavemanager only able to handle 1 chart? is it able to do so for 1 chart for different currencies? (1 eur pair, 1 jpy pair 1 usd pair). There seemed to be an issue when i used it. Metatrader will hang and I will get a message that metatrader is not responding. Good thing i was monitoring the charts and noticed this. my laptop has 3gb ram, so it should not be the cause. i figured that since you are very familiar with the cavemanager, maybe you could help me with respect to this issue. also, do you set protective stop once...
Here is the pdf that goes along with the CaveManager EA. Please read the top of page 4 and all of page 7 to answer your questions.
I have the EA programed to set a 50 pip emergency SL when the trade is opened. I also use the protective stop when I am not monitoring the trade, to close the trade at BE after the trade moves in my favor and then reverses.
Attached File(s)
File Type: pdf THV CaveManager EA v1.41.pdf   103 KB | 1,504 downloads
  • #18,353
  • Apr 27, 2013 12:24pm Apr 27, 2013 12:24pm
Quoting Phx62
{quote} Here is the pdf that goes along with the CaveManager EA. Please read the top of page 4 and all of page 7 to answer your questions. I have the EA programed to set a 50 pip emergency SL when the trade is opened. I also use the protective stop when I am not monitoring the trade, to close the trade at BE after the trade moves in my favor and then reverses. {image}
hi ,can you upload your template that you use ? thanks
  • #18,354
  • Apr 27, 2013 1:56pm Apr 27, 2013 1:56pm
just leaning this week end and found this

Power of Time Frames

1) We take our direction from the BIG BOSS (Monthly)
2) We take our direction (and sometimes trades) from the BOSS (Weekly)
3) We time and initiate our trades on the Worker (Daily)

So, when we do an analysis of a pair or any financial instrument for that matter:

We identify our SR levels

We find out where the BIG BOSS is relative to ITS trend AND where it is headed in the SHORT TERM relative to ITS SR levels

Knowing the direction of the BIG BOSS, we review the BOSS. If the BOSS is fighting the BIG BOSS, it will be very difficult to trade so we WAIT until the BOSS aligns herself with the BIG BOSS.

With the BIG BOSS and BOSS now in harmony (both moving together in the same direction) we drop down to the Worker.

We wait for the Worker to give us PASR in the direction of the BIG BOSS and BOSS. Rewarding and stress free trades come when we time the Worker JUST TURNING into the direction of the BIG BOSS and BOSS at PASR (as shown on the attached chart)

The MOST REWARDING and STRESS FREE trade comes when you can time the Worker turning into the direction of the BIG BOSS at THE SAME TIME as the BOSS turns into the direction of the BIG BOSS.

It sounds SIMPLE and it really is that SIMPLE but to make it stress free we MUST trade with PASR. Trying to guess trades is the best known way to blow an account.

WAIT until you SEE all the above happening.

http://www.stratsforextrading.com/do...ime_frames.gif
  • #18,355
  • Apr 27, 2013 10:20pm Apr 27, 2013 10:20pm
The author - forget who- then goes on to show how to make your support and resistance lines - starting with the monthly then the weekly and then daily and then some refinements and elimination of less useful lines.
  • #18,356
  • Apr 27, 2013 10:39pm Apr 27, 2013 10:39pm
Quoting Phx62
{quote} Here is the pdf that goes along with the CaveManager EA. Please read the top of page 4 and all of page 7 to answer your questions. I have the EA programed to set a 50 pip emergency SL when the trade is opened. I also use the protective stop when I am not monitoring the trade, to close the trade at BE after the trade moves in my favor and then reverses. {image}
Thanks Phx62. I have read through the pdf but just wondering why metatrader stopped responding after a few hours. I have not intention to trouble you, as i cannot write codes so if cavemanager worked without a hitch then i suppose something must be screwing up the metatrader in my laptop. Thanks for the time taken to answer.

Appreciate that.
  • #18,357
  • Edited 2:50am Apr 28, 2013 1:36am | Edited 2:50am
MT4 (Not Responding)

If you get such error in your Windows PC, the cause may be several things.
But you can help yourself when you put less load on your PC CPU and memory resources,
1) in your MT4 profile, have fewer charts open,
2) when you have open charts, do not put too many indicators,
3) if you use those multi-timeframe indicators lit the TMS-OSC MTF, you CPU will have to work harder,
4) if you have indicators which calls another indicator using MT4 internal routine iCustoms, you can experience slow down and system hangs occassionally, don't ask me why, but that happens sometimes. Note there are a few indicators which call for TDI Green/Red or the TDI, these type of indicators has caused problems before.
5) if you run EAs in your profile, best is to keep minimum open charts, limit to those currency pairs traded with EA.That helps a lot.

6) if you want MT4 to load faster, have fewer of everything you find in the Expert folders and sub-folders. For example, fewer saved profiles, fewewr techncial indicators, fewer scripts, etc. except those you use or use frequently.
7) Do not make any attempt to use MT4 editor on your EA and also indicators when your EAs are running wth open trades.

These are some of the few problems I have experiences and got around.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,358
  • Apr 28, 2013 1:39am Apr 28, 2013 1:39am
Quoting redfan
just leaning this week end and found this Power of Time Frames 1) We take our direction from the BIG BOSS (Monthly) 2) We take our direction (and sometimes trades) from the BOSS (Weekly) 3) We time and initiate our trades on the Worker (Daily) So, when we do an analysis of a pair or any financial instrument for that matter: We identify our SR levels We find out where the BIG BOSS is relative to ITS trend AND where it is headed in the SHORT TERM relative to ITS SR levels Knowing the direction of the BIG BOSS, we review the BOSS. If the BOSS is fighting...
redfan,

good share here. Thanks!

Welcome to PASR trading...

PASR + TMS = A+++ trades and is leading edge trading.





Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,359
  • Apr 28, 2013 1:43am Apr 28, 2013 1:43am
Quoting emmanuel7788
{quote} {image} Questions: 1) why you did not take the previous TDI cross and APb candle#2? 2) what support and resistance did you see when you took that trade setup? 3) Can you identify Divergence on your chart?
Emmanuel7788, thanks for replying to my post. I hope I am looking correctly:

1. Referring to the TDI cross slightly after 23rd April? I have missed that entry.
2. I am seeing levels near 1.21720 and 1.206
3. Bullish divergence as TDI looks like going for HL
  • #18,360
  • Apr 28, 2013 1:51am Apr 28, 2013 1:51am
Quoting emmanuel7788
{quote} {image} Questions: 1) why you did not take the previous TDI cross and APb candle#2? 2) what support and resistance did you see when you took that trade setup? 3) Can you identify Divergence on your chart?
Emmanuel7788, thanks for taking time to reply to my questions. Hoping I am analysing rightly:

1. Referring to the TDI nearing 23rd April? I have missed that entry
2. Supports nearing 1.277, resistance nearing 1.21720. Price is continually making higher low
3. Bullish divergence, TDI making HL
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