Trading Made Simple

Alex, I think it's not hard to paper test D charts yourself. TMS works on every timeframe but each timeframe has different significances: SL, TP, etc.
I have 3 trades on D chart open on midnight, here is UJ, which is up 42 Pips and SL moved to BE.

I didn't take any trades at 6am this morning but theres lots of movement on my pairs at 10am this morning!

GBPUSD showing lots of momentum but very close to previous resistance so decided to short USDCHF instead.

I'll be closing it early due to USD high impact news at 1:30pm.

Out goes the euraud main bear trendline, and I was asleep when that happened

I also have AU short, which is up 12 Pips. had to close UChf for -15 Pips cause TDI became flat and momentum was gone.
Hope it helps.

Took EA H4, No News related to EA now


What daily looks to me


Any suggestions ?

Regards

Hello All,
Several weeks ago, Phx62 referred to the Endeavor Trends Report which features Scott Barkley explaining H4 channels. Scott explains that he draws H4 channels by drawing a line between a High and a Lower High and “anchoring” a parallel line (thus forming a channel) at a previous swing high or low. Bizzzle has pointed out that this can be done easily using the Fibonacci Channel tool. The anchoring should be at a swing high or low that “proves” the heart line, the heart line being the 50% line of the channel and it is “proved” by other swing highs or lows lining up with it. Scott says that price has an 80% chance of reaching the heart line from the top of the channel (or bottom , if you’re forming a channel by connecting L and HL.)

I found the above very interesting and it further highlighted the mysteries of structure on Forex charts to me.

I notice that the heart line features swing highs or lows that have occurred before the starting point of the current channel and that they line up with other swing highs or lows that have occurred after the starting point of the current channel.

It has occurred to me that if you take a Fibonacci channel tool and connect a swing high to a point in space that “proves” a heart line, you may be predicting a swing point, or at least an area where, if price reaches it, you can watch with interest to see if favourable PA and TDI occur.
EJ is a current example. I started writing this, and had placed the blue line in space before price had reached the blue line.
Kan

Thank you for your chart. Believe me that i am not lazy person and i will do and the paper testing and also will regularly post my trades. Time will show that i not person who takes and leaves.

regards ,
Alex

I have joined you an hour late To help push the price down!

Thank you Bizzzle. It shows key hours to trade.

Thank you, helped me a lot on understanding entry point.

Appreciate. thank you again.

[quote=Zoopots;7408574]Well thread friends, it's time to check out. When first I found the TMS thread I thought that after years of staying on the sidelines learning from two excellent mentors that perhaps it was time to pay it forward.

Zoopots, i m another who have learned a lot from you, and can remark any single word others told about your decision, : don t let the few win this battle.

Thinking of going long USDCHF Rejection of Week Mid Hi level. Might be one those upthrust bar thingies forming on H1?

Don't do it --- we are in enough trouble. Your 50 lots will kill us

Romaldos can u turn your Shouts on?
,

EU is just refusing to budge higher!

Waiting for it to catch some downdraft from GU..does not seem to be happening.still around BE after entry at 1.3841

Took a stab at EA as well. Also long, NJ.

Bizzzle,

I'd been looking for an indi for this exact reason.

Many Thanks

I haven't posted to the TMS thread for several years now, but I think that it's time to do so. I have no wish to disturb your thread any more than is necessary, so I will make this *one* post, and take my leave again.

Before I begin, for those who don't know me, let me just say that up until quite recently I was part of a team that developed the Genesis Matrix Trading System and ran it's thread here at FF. I closed that thread for reasons that I will touch on shortly, but now I rarely participate at FF. This is one time when something needs to be said as a senior member to counter what has been going on here in Big E's thread for far too long. I won't be here to debate this with anyone, I will leave that up to the active members of this thread, and I hope that I can at least start the ball rolling to clean up this thread and return it to what Eric intended it to be.

I came across the TMS thread in 2011 and this was one moment of 'eureka' in my learning curve of retail trading. Eric (Big E) had developed a system, studied it, tested it and refined it over a long extended period under all market conditions to ensure that it could withstand everything that the market could throw at it. The system works on many time-frames and it can handle trending markets as well as ranging markets and consolidating markets. The system can identify these markets quite easily and it's up to you, the individual, to decide whether or not to trade in certain types of market.

In a nut shell, Eric has developed a very complete and robust system and he opened his thread to share his system with everyone.

I came to know Eric quite well and he taught me a lot about trading TMS and trading in general, not just the way to trade, but also the mind set required and the patience to do the system justice. In the end, Eric and I vouched for each other....he vouched for me (I assume) because I was understanding and applying his system to my trading, and I vouched for him to give thanks for his generosity and because I respected his skills in creating the system, managing his thread and for his humility and lack of arrogance.

You can see some similarities to TMS on the Genesis Matrix Trading system which I and a few others developed a couple of years ago, such was the influence of Eric. The thread to that system I have now closed, because, like this TMS system thread, some people just cannot help themselves from trying to change the system and they cannot, or will not show the proper respect to the system, the system creator or to the thread.

I can say that it takes real dedication and passion to create a system and a thread here at FF and it is not a task to be taken lightly.

It takes no skill to (essentially) hijack a thread (for the second time) and make an endless and relentless stream of posts, many of which are simply copy and paste articles of other peoples work (without giving the author the credit for the work). Perhaps the intention was pure to start with, but as the saying goes, 'the road to hell is paved with good intentions!. It also takes no skills but shows extreme disrespect to the Big E, his legacy and his thread to try to assume custody of the thread and system.

It takes skill and passion to create a system and it's accompanying thread. It takes none of these things to hijack a thread and fill it up with off topic posts, copy and pasted articles and efforts to modify the original system.

Now, as a senior member of FF, I can tell you all that the facility to be able to suspend a member temporarily is not something to be taken lightly or abused.

If a post is off topic or shows a bit of dissent etc, then the proper and right thing to do is to click the 'Clean up' link on the offending post and this will copy the post together with your complaint to the Twee, the FF administrator. He will then have a word with the offender (if necessary) and will remove (or extract) the offending post and any subsequent posts on the matter. Anyone can send a clean up report....that way everyone is keeping an eye on the thread and moderating it.

Some of us senior members have one further option on that same Clean Up window, and that is to tick the box marked 'Immediate Action Required'....and by doing that, the member who wrote the post will be suspended until such time as Twee can sort things out. This feature is only to be used in extreme cases, such as (for example), racist comments, foul language, spamming, selling something etc etc etc...in other words, when 'immediate Action is Required.' The feature to suspend someone is NOT supposed to be used as a knockout punch because the senior member does not like a particular post. By all means send a Clean up report, but 'Immediate Action' (suspension of the member) is not the right thing to do, and might result in that feature being removed from the senior member if it is abused.....I have seen this done not too long ago to another senior member.

No one.....NO ONE has the ability to remove posts from a thread except Twee, the FF administrator. Eric could not remove posts from his own thread, neither could I, from my thread. That's the way it is, and the way it should be.

There are some very good traders on this thread like Lastingwell, Fame Of Me, Bizzle, Phx62 and several others who are real live traders, trading for real money and are here to show this and to help others. There is no hidden agenda with these people.

The best TMS trader of all though, was the Big E...Eric...the man himself. This is this his system, his thread and those of you who will not show his memory and his thread the humility and respect that it deserves, should leave.

And I'm looking at you Emmanuel. If you have so much time to be able to post in such a prolific manner here, answering PM's, editing countless charts, as well as surfing the Internet to find articles to copy and paste and pictures to post, to run a trading room AND to trade this system on several pairs (although I doubt it), then you have time to create your own thread where you can be the rooster standing on the fence post crowing away as much as you like.

Eric clearly mentioned how much dedication and concentration (to trading) was required to be able to trade profitably, and I know first hand that it is impossible to do all of the things above and trade consistently profitably.

Do the right thing man.....people here have said that they want to trade the TMS system as Eric wished. They don't want you here answering each and every post as if all the posts are directed to you.......which they are NOT.

This is not your thread.....you do not have the right to assume custody of it or to steer it in a direction of YOUR choosing.

You are the same as everyone else here, a thread participant....no more and no less

There is only one grand master of the system, and that is the Big E......not you.

Everything that needs to be said about HIS system has been said...by HIM.

Time for you to do the right thing and move on man, open your own thread or simply be quiet and allow others the right to express their own opinions without criticism and ridicule by you.

To everyone, it's now up to you. This is Big E's thread and it is his gift to you all. Support the thread and don't let it be hijacked any further. Email FF, or Twee or do whatever you have to do, but keep the Big E's thread alive in the way he intended. If you do nothing, then you may lose. It's in your hands now.

Best wishes and trade well

RJ