{quote} Thank you, helped me a lot on understanding entry point.
Hi pastecopy,
Here is today' trade taken during Tokyo session.
TMS 5-Method basic entry.
regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #36,161
- Apr 16, 2014 6:29am Apr 16, 2014 6:29am
- Joined Nov 2008 | Status: Trader | 50,194 Posts | Online Now
Hi pastecopy,
Here is today' trade taken during Tokyo session.
TMS 5-Method basic entry.
regards,
EMMANUEL
- #36,162
- Apr 16, 2014 6:31am Apr 16, 2014 6:31am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
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...
At last...so refreshing to have a senior member of FF come in on the side of common sense, and if I might say so, you have hit the nail on the head with regard to the annoyance a lot of us were feeling about Emmanuel taking over the thread as if he had traded with Eric and knew exactly what he wanted. Anyone who does a search would be able to see that he never made even 1 post on this thread until months after Eelfranz had unfortunately gone offline. I don't mind at all if people want to lead their own fantasy life, its entirely up to them and they are only lying to themselves, but when it starts to suck in newer traders then it can get dangerous and worrying and should be stopped, it has become that and more, and also ruining an excellent thread that could help newer traders, so thank you RJ for speaking out.
- #36,163
- Apr 16, 2014 6:33am Apr 16, 2014 6:33am
- Joined Nov 2008 | Status: Trader | 50,194 Posts | Online Now
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #36,165
- Apr 16, 2014 7:01am Apr 16, 2014 7:01am
- Joined Oct 2012 | Status: Trader | 1,813 Posts
Did anyone catch any good H4 trades today using TMS rules? I didn't..EA beat me, and EU is just being stubborn. I stayed out of the Yen and GBP crosses because of news. Did anyone take them in spite of the upcoming news? I would be interested to hear why you didn't stay out like me if so.. toffy
If that's not enough reason to jump in, I dont know what is 
- #36,166
- Apr 16, 2014 7:07am Apr 16, 2014 7:07am
Did anyone catch any good H4 trades today using TMS rules? I didn't..EA beat me, and EU is just being stubborn. I stayed out of the Yen and GBP crosses because of news. Did anyone take them in spite of the upcoming news? I would be interested to hear why you didn't stay out like me if so.. toffy
steered me up the garden path with USHCHF which is swimming under water. Glad my day trade NU is still swimming
- #36,167
- Apr 16, 2014 7:09am Apr 16, 2014 7:09am
{quote} Overslept and am flat today, but how I feel about trades prior to HIN - If you've got a good broker (which means no slippage at least half the time) and get a good signal an hour or two before the release, why not take it? Most times you will have enough room to lock breakeven... Other times HIN will even help your trade reach TP. There's way too many HIN over the month, in particular the first 2 weeks of the month, to stay put every time a release is expected IMO
{quote} Overslept and am flat today, but how I feel about trades prior to HIN - If you've got a good broker (which means no slippage at least half the time) and get a good signal an hour or two before the release, why not take it? Most times you will have enough room to lock breakeven... Other times HIN will even help your trade reach TP. There's way too many HIN over the month, in particular the first 2 weeks of the month, to stay put every time a release is expected IMO
Yes you are right I see HIN have a positive effect many times, after the pair has gave an earlier signal to enter (big money perhaps..).
I will have to put a stop to my reluctance to trade the HIN from now on. I always thought there was a lot..surely people cant stay out this much form good signals. There is a lot of news to stay away form if that was the case.
Saying that..Come on EU..go on..seems like it might want to grow some legs here..
- #36,170
- Apr 16, 2014 7:25am Apr 16, 2014 7:25am
- Joined Oct 2012 | Status: Trader | 1,813 Posts
{quote} very good for you both to be talking to one another again.
Money management? Yes, it is important for sure. But the way you do it (not saying it's wrong) is needlessly overcomplicating it in my personal opinion. Factor in a lot of things? Yes, obviously, but essentially, this means timing - momentum in other words, multiple timeframe analysis I grant you this, is key and some basic understanding of PA, something which. I'm sorry, a 10 year old could learn to recognize.
It's this whole nihilistic feel about forex that kills off 95% of those who try forex... Everybody loses, difference is some people can handle losing others cant. God damn it, when I was a newbie reading through forexfactory, I can recall people who were tripping balls about being able to make a 5% rise in equity in a whole year?! Why would you trade, then, for god's sake... Why not just deposit your money in a bank for interest?? Pessimism is what kills in this business, constantly reiterating how tough this thing is, how it's nearly impossible to get ahead. And that's why a lot of people are barking up your tree, because essentially, Big E. (I did not know the man personally, I have merely re-read his posts and created my own understanding of TMS) was opposed to precisely THAT. He entered trades with a few simple rules, exited just as easily. He appears to have wanted to prove that trading IS in fact that easy. Just reading his first post brings my point across.
- #36,171
- Apr 16, 2014 7:29am Apr 16, 2014 7:29am
- Joined Oct 2012 | Status: Trader | 1,813 Posts
{quote} WDays, Yes you are right I see HIN have a positive effect many times, after the pair has gave an earlier signal to enter (big money perhaps..). I will have to put a stop to my reluctance to trade the HIN from now on. I always thought there was a lot..surely people cant stay out this much form good signals. There is a lot of news to stay away form if that was the case. Saying that..Come on EU..go on..seems like it might want to grow some legs here..
- #36,172
- Apr 16, 2014 8:02am Apr 16, 2014 8:02am
I haven't posted to the TMS thread for several years now, ...
Hope we now can go back and concentrate on trading and hope that all the senior skill traders will further contribute the thread.
fxFox
fxFox (all times in my charts are GMT+1)
- #36,173
- Apr 16, 2014 8:05am Apr 16, 2014 8:05am
{quote} Thank you so much for clearing that up, giving a short overview of the past for those who were not on board in the very beginning (i.e. like me).
{quote} No - even my friend Ballistical
Week 2, Day 3 Trading like Big E described on Page 1:
6am:
No trades
10am:
USDCHF- -6
Closed at 1:30pm due to impending high impact USD news.
Daily Total = -6 pips
Fairly disappointed with this trade since price appeared to make a strong move down during the 6am candle and my trade went into profit initially. If any senior members can shed any light on anything I might have missed, this would be much appreciated.
Focus on the process and the profits will follow
Wooooooooowwwwwwwwww.........whats going on here ? I was on vacation for some time and began also my studies, so i had no time to post charts here and ask questions. After i returned now here, there are 80 more pages to read and a really bad atmosphere here. Come down people. Everything is fine.
I treasure almost every post here. Especially emmanuel, phx62, bizzle etc. So nobody should leave here
By the way: Here is a chart to contribute something good to this thread.
A trade taken today on EUR/USD.
Best regards,
Fx94
I treasure almost every post here. Especially emmanuel, phx62, bizzle etc. So nobody should leave here
By the way: Here is a chart to contribute something good to this thread.
A trade taken today on EUR/USD.
Best regards,
Fx94
Wooooooooowwwwwwwwww.........whats going on here ? I was on vacation for some time and began also my studies, so i had no time to post charts here and ask questions. After i returned now here, there are 80 more pages to read and a really bad atmosphere here. Come down people. Everything is fine. I treasure almost every post here. Especially emmanuel, phx62, bizzle etc. So nobody should leave here
toffy
- #36,178
- Apr 16, 2014 8:39am Apr 16, 2014 8:39am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
Wooooooooowwwwwwwwww.........whats going on here ? I was on vacation for some time and began also my studies, so i had no time to post charts here and ask questions. After i returned now here, there are 80 more pages to read and a really bad atmosphere here. Come down people. Everything is fine. I treasure almost every post here. Especially emmanuel, phx62, bizzle etc. So nobody should leave here
- #36,180
- Apr 16, 2014 9:00am Apr 16, 2014 9:00am
Hi everyone, I didn't trade today.... as I said earlier I have been out all day and didn't see any good set-ups at 6am,
Looking at the charts now I probably would have gone short EG at 10am!
I wouldn't of enter long on EA like some of you becasue we were very close to resistance of the high of the 11th....
Best of luck and will see you all tomo
Looking at the charts now I probably would have gone short EG at 10am!
I wouldn't of enter long on EA like some of you becasue we were very close to resistance of the high of the 11th....
Best of luck and will see you all tomo
Give yourself a chance and trade it like it's layed out...