{quote}
... they are very brave ...lol
.... laughing all the way to the bank
- #23,281
- Aug 14, 2013 9:53am Aug 14, 2013 9:53am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
- #23,283
- Aug 14, 2013 11:03am Aug 14, 2013 11:03am
Sorry to disappoint but no GBP trades for me today.....picked up a couple of pips before LO on EJ......no really good setups since price is again consolidating and ranging.....caught one good move up.....barely hit my TP. 
- #23,285
- Aug 14, 2013 12:02pm Aug 14, 2013 12:02pm
Phx62, can you tell us the reasons for your second trade? the one you grabbed 50pips.
- #23,288
- Edited 6:43pm Aug 14, 2013 12:34pm | Edited 6:43pm
- | Joined May 2010 | Status: Trader | 2,442 Posts
{quote} Sure.....on the H1 time frame there was a change in candle color and the TDI had bounced off the 50 line and was crossing the red. I also keep a M15 chart open next to the H1 when I am trading (see the attached M15 chart to see what I saw at the time I took the trade). On the M15, price had created 3 blue candles and the TDI green had clearly crossed the red, the 50 line and the yellow MBL. I do not trade off the M15 time frame but I use it to confirm what I see on the H1....in this case, what I saw on the M15 confirmed what I saw on the...
I also took the second 50 pips EJ trade all thanks to your teachings...
If or when I can give you a V I will.
Regards
Adam
ps also took another 50 on the AU and 30 on the EA applying TMS and what I have learnt from you.
On holiday at minute but I will try and post charts when I get chance.
{quote} Hi PHX62, I also took the second 50 pips EJ trade all thanks to your teachings...
- #23,296
- Edited 5:23pm Aug 14, 2013 1:43pm | Edited 5:23pm
i started trading this method day before yesterday. i had litte profits and more losses till now. my trades entries were all wrong. i just saw the TDI cross over and world trade accordingly. but now i have realized thats all wrong. i am now looking for trades which are above the 68TDI or maybe close to it. then i look for pivot points around the area along with EMA 200 and EMA 55. the price has a high probability of reversing at those points...and i take that trade. i dont know whether this will work or not. but worth to take the chance. will post...
Welcome and goodluck on the first few steps of the TMS journey!
What time frame are you trading? H4?
It sounds like your overlooking some crucial things. Seems to be that your focus is held on entry rules like most of us newbs.
As Emmanuel would say:
"think of the TMS entry rules...
- TDI cross, bounce 12-2 , 4-6
- APB candle #1 and #2
- PA
- Supp/Res
- Stoch confirm or higher Tf confirm the Primary Trend you want to trade
But are you missing something here as well...? This is just the entry/exit strategy...right?
Once you start reading the thread you will discover that TMS 4H trading is a trend trading method using TDI cross for entry and exits coupled with the above points. It is not even a system! To create a system you need to build into it a proven money management strategy....then there is trade management, then there is managing the trader's psychology when he is trading this...one of the most difficult parts. Putting all these together you will have a SYSTEM and that system will generate X number of R's over a long period of trading and you will know the Expectancy of your SYSTEM, then you will be confident at every point when you pull that triger, you know how many R's you will make based on the eexpectancy. Emmanuel has outlined the aforementioned points on numerous occasions
Have you thought about developing / are you focused on developing a system before you started trading this method? To get you jump started here's what we could look for when developing the trading strategy (n.b. this is different to they system)....
now how to get examples of these elements of TMS...well there's no shortcut....you'll just have to read the posts from start to finish to give you more of an idea on how develop your system using TMS...this will teach you a lot more than what I have just outlined above.
Goodluck,
Erol
Following on from the two previous attachments I have posted. Here is the final part of the PASR PDFs I will be posting to beef up the reference material on PASR in the thread. Also the completed 3 parts are attached in a compressed folder as well. Enjoy learning PASR...compiling and reading these has sure helped me!
