TMS and Me

Thanks Direwolf - I only started looking at the Higher Time Frames when in May I think about a year or two ago - the EUR USD knocked me for 400 pips lol

I am so so happy to have found this thread as I found this indicator and developed this system on my own and was always self doubting and wondering if I was the only one trading this indi, and also wondering if I was using it correctly

The only problem is I trade the 15 mins, and wait for H1, H4 and daily to line up but look at EUR USD for example daily has been below TMA for 3 months, what to do in this case?

I think EURUSD H4 had quite a good bounce down from TMA mid line. You could try that as your higher TF instead, preferring short trades according to daily.

OK I didn't stick to my plan with GBP/JPY
+45 pips. A win yes but a bad example everyone. /slaps myself

Stop was 40 so, a little over 1R. Makes it 3R today. Not bad.

Alls well that end well buddy good going What is R1 and 3R? Resistances?

I think you right about H4 - I could use that or use Parabolic SAR to determine the Higher Trend - what do you think?

R = Risk/Reward. You'll usually see it as R:R

Each trade I adjust my lot size so that if SL got hit, I'll lost about the same amount of money, give or take.
So, if I risk $10 in a trade and made $10, that's 1R. If I made $20 that's 2R.

What is a paraboric SAR?

Ok I see - what do you use per every 10 k - I use 1 lot per every 10 k

Parabolic SAR - is a nice tool for the daily TF to check the trend - Support and resistance or stop and reverse

This is another nice indi - try it and let me know if you like it

)

My account is probably much tinier I trade anywhere from 0.01 to 0.1 lot depends on stop size.

Thanks for the indicator, I'll test em out!

What's time frame do you often use to trade with TMS?

Hi dinhienhy. I trade mostly H1 and occasionally m30. I want to try h4 but haven't found any good entries yet

Hi Direwolf what are the settings of your Band and TDI.

thanks
kind regards

jeet virk

Hi Direwolf,

I hope you success with your method trading. Could you share the rule to set SL and TP?

For TMA True, I only change eint Half Length to 40. It works the same as MA's period.
You can also adjust the Multiplier to find the most suitable target, check post 35 for more details I usually leave mine at 2 and visualize this in my mind.

TDI is pretty much default.. let me see.


Dean Malone uses slightly different settings if you want to try. 10, 5, 34, 2, 2, 7, 0

I explained TP on post #35 as well. SL, I usually put SL a few pips behind signal candle.

Great sure

Hello hope you are all well.
Hope you can help me with some questions. I set the trade for 4H. What happens if 4H candle gives me a good sign but 1H gives me the opposite sign? Should I stay with the 4H sign or look for another one?.
Also... is it advisable that if I have a 4H set that does not work but even though I am in a bit pips loss I realize the daily or even the weekly trend goes with my decision then can I stay with the trade and go from a short term day trade to a longer trade widening the SL´s and even the TP´s?
Finally... please let me know the Bollinger Band Settings or can I use the default settings. I will use the Bollinger Bands to set SL´s and TP´s which now I am not doing right.
Thank you!! and good luck.

Hi Direwolf... i like ur thread and follow it every day...

May i ask you, what is ur winning percentage?

Absolutely Fantastic Thread DireWolf!

Been following TMS for nearlly a year and seen it's ups and downs. This is exactly the educational content we need to see in order to become profitable traders! Not just a "look I made 50 pips"

The simple and constant posts with educational teaching material is gold to me. Thinking of printing them off.

Really hoping to see more stuff like this as it's really great!

Keep the educational stuff coming!

Thanks,

Hi Manu.
Generally speaking, higher time frame outweighs smaller one. So stay with H4 would be my choice. I only look at current time frame that I'm taking the signal by the way, I don't do any top down analysis.

I don't use Bollinger Bands, on my chart is TMA True. I explained a bit how I use them in post #32, #35 and #53 (page 2&3)

Hi Moretti.
Pretty good! I don't catch the amount of pips others are doing in the main TMS thread (50-100) but I'm really happy with consistency. In October I had very little loses. However I set trailing stop pretty tight so I got quite a few BE too.

This month I'm trying not to be overly protective and leave the charts alone. Which was why my GBP/JPY in post #123 didn't get closed at BE.

Hi Flinx.
Thank you for your kind words, glad I can help

By the way, I think in the main TMS thread it would be best if you only follow 1 or 2 seniors. Trying to look at everyone's trade can quickly overwhelm you and would actually cause more harm than good in my humble opinion.

What you need to be careful are profitable trades that are against your own rule. In my case for example there are many profitable trades buying TDI cross all the way below 32. Seeing these can affect psychology in a bad way, they'd make me want to break my own rules because I wanted to make those pips too. Took me a long time before I can overcome such feeling.

GBP/AUD H1 price going back to mid line, TDI green going back to 50.
Could cross down with a bounce today. Yellow is oversold, something to be careful.
I'll be out for a job interview today so I won't be monitoring.

Can't imagine how I'd trade if I actually land a job. Secretly check H4 chart on my laptop twice a day at work?

oops, wrong chart. Fixed.

I've been follow your post from the first time, long time ago I used this sistem too, but it seems it wont work for me, so I decide to leave it.
and now I read your journal and I want to learn it again. I have case In chart GBPUSD, will u give your opinion about this pair.


thankyou

I have tried to SELL GJ when the green cross over the red bellow 50.