- #48,003
- Dec 31, 2014 2:50am Dec 31, 2014 2:50am
{quote} Sorry mate i mean no disrespect but did you take any of your trades or are you just showing us s/r levels. Wish you Happy New Year all!
I test in demo since 1 month.
The results are very interesting.
best wishes on the eve of the newyear
- #48,005
- Dec 31, 2014 4:10am Dec 31, 2014 4:10am
{quote} Yes, Exactly SJ. Do what ever is important and take your trades and walk away from your system and check them when the new candle shows up or whenever you are comfortable. TMS is stress free Trading too. Following up on my EA daily Trade taken here on this post #47,828 . Just came back from work and this is how my trade worked out. EA 1st position profit target got hit {image} Guppy Rollover happened on H4 {image} Kindest Regards
Ray
- #48,006
- Dec 31, 2014 5:11am Dec 31, 2014 5:11am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Sad i'm not trying to understand PA
- #48,008
- Dec 31, 2014 6:58am Dec 31, 2014 6:58am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
Money Management Strategy for TMS
Reading recent posts, there are a few questions which I think are related to money management strategy used in trading TMS. Most traders here trades with fix lot size and do not use position sizing with percentage risk of equity.
Whether you are trading just for few dollars, or to supplement your full time job, or to grow an account, etc. you need to consider what your money management strategy work best for your business. I posted one of my account using myfxbook to show you that trading with TMS can be profitable and you need to use a proven money management strategy.
I explain the details in the attached pdf which I made reference to several posts made in this thread.
Hope this pdf will help you develop a money management strategy to trade TMS in 2015.
My best wishes to you in 2015.
{quote}{quote} "one day I will make the 1000 pips a month Emmanuel makes, ..." Hi GreenGoblin, good post - i think in Emmanuel's case its more like 1000pips per W, ... LOL! You will have to scroll back to Nov posts but his stats are incredible... "In the first 2 weeks of Nov, I completed total 37 trades on just 4 currency pairs in weeks 45 and 46. There were 2 losers (-36pips, -54pips) and therefore leaving only 35 profitable trades out of the 37 trades. The 2959 pips is nett after deducting the 2 losses.", Emmanuel (post http://www.forexfactory.com/showthre...69#post7879669)...
{quote} Oh, yes, absolutely - likica (our superstar trader) would then have to adjust her stats ... something like 1/2 of 25 and 1/2 of 50 which would come to 37.5pips green. Otherwise she would get the wrong figures at the end of the trading MN. [Pip numbers are kind of meaningless on there own but its what we all talk in ...?] So far, I am finding i do not do any of this as 1 entry per trade works fine for me at the moment...
{quote} Again, the size of the 4h / daily candle is typically so big that I could barely trade for $1 / pip which essentially does nothing in terms of growing my account.
Whether you are trading just for few dollars, or to supplement your full time job, or to grow an account, etc. you need to consider what your money management strategy work best for your business. I posted one of my account using myfxbook to show you that trading with TMS can be profitable and you need to use a proven money management strategy.
I explain the details in the attached pdf which I made reference to several posts made in this thread.
Hope this pdf will help you develop a money management strategy to trade TMS in 2015.
My best wishes to you in 2015.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #48,010
- Dec 31, 2014 7:20am Dec 31, 2014 7:20am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} hello I test in demo since 1 month. The results are very interesting. best wishes on the eve of the newyear
dan78,
IMHO, one month testing is not sufficient to make any conclusive results to be of any good use.
Please share with us what you found to be very interesting results from your one month demo trading.
I looked into the codes of your auto pivot indicator. You posted H4 charts and use that indicator to calculate the Weekly Pivot using the previous week' high - low, and you calculate the R1, R2, R3 and S1, S2 and S3 displace from the Weekly Pivot using fibonacci ratios 38.2%, 61.8% and 100%.
From your one month demo testing, do you have test data to show how many times the market hit these R1, R2, R3 and S1, S2 and S3 levels?
What about the Weekly Open? do you consider using the Weekly Open and follow TMS price action setups and trading away from the Weekly Open and setting targets based on the percentage of weekly average trading range the same way you use weekly pivot and fibo levels.
Please continue to demo trade with your weekly pivot fibo levels and share with us your demo trade results on regular basis.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #48,014
- Dec 31, 2014 7:30am Dec 31, 2014 7:30am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #48,017
- Dec 31, 2014 7:43am Dec 31, 2014 7:43am
- | Commercial User | Joined Feb 2008 | 1,909 Posts
{quote} I guess it stuck in my mind from reading so much of the thread...
That quote must have been from a long time ago
(I haven't traded with a 5 ema shift 2 for years).
I use the pac, the 5 ema shift 2 was the ema that
Eelfranz first used when he put together Tms in 2008. Later on
he dropped the 5 ema all together and went with just the tdi cross.
But way to go/read...
sj
- #48,019
- Dec 31, 2014 8:36am Dec 31, 2014 8:36am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett