out of curiousity, I think emman uses a master candle indi or at least looks for them, for anyone that uses master candles, what is the minumum number of engulfings you use to determine?
- #48,764
- Jan 6, 2015 2:03pm Jan 6, 2015 2:03pm
- Joined Dec 2010 | Status: Never Stop Learning | 7,322 Posts
- #48,765
- Jan 6, 2015 2:41pm Jan 6, 2015 2:41pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
it s nice day in Melbourne, I m going for a walk at the beach... Happy trading to all and take care of green pips for me while I m away Thanks {image}
MrAussieFX;... EA short was stopped at total of 245 pips. Enjoy, Kindest Regards.
sknight1;
Ballistical; ...Done for the day
omonisha;
redcloudxlll; Nice move. I took 30+ from GN, closed it.
Congrats everyone else... too many posts... LOL... so many Green Pips
Whose your pip daddy ...
- #48,768
- Jan 6, 2015 4:07pm Jan 6, 2015 4:07pm
- | Joined Dec 2014 | Status: Trader | 1,026 Posts
Positive anything is better than negative thinking.- Elbert Hubbard
- #48,770
- Jan 6, 2015 6:00pm Jan 6, 2015 6:00pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
Wow! Lots of posts to read and catchup this morning.
Some good trades done by many of your who posted and good pips made.
One comment and I hope that I am not being too critical here when I see read some posts and see the charts, a few traders still do not have the discipline to wait for good time entries. This year 2015 should be the year we all focus a lot more on the discipline aspect of trading TMS. I see most have got the TMS setup and entry rules quite perfect but most exits can be work on and improve the profits and to improve reward to risk. Trade execution is very important and when you see Phx62 trades posts in the pdfs, he is meticulous in his trade entries.
Just to share yesterday's continuation trade on GBPNZD. Two trade so far this week, Monday +155pips, yesterday +200pips.
Both are examples how H1 can be traded in 2015. I made a post#47,657 and will try find time to post some trade examples on how I look for H1 trades.
I also amended post#47,657 and made a pdf attached here.
One minor change is I had to do is the change in broker server which is now GMT+2. Sydney Open on my charts is now GMT0. This means I need to make mineor changes to some indicators to suit my H1 trading.
regards,
Have another good trading day ahead. Make a plan and trade your plan.
Some good trades done by many of your who posted and good pips made.
One comment and I hope that I am not being too critical here when I see read some posts and see the charts, a few traders still do not have the discipline to wait for good time entries. This year 2015 should be the year we all focus a lot more on the discipline aspect of trading TMS. I see most have got the TMS setup and entry rules quite perfect but most exits can be work on and improve the profits and to improve reward to risk. Trade execution is very important and when you see Phx62 trades posts in the pdfs, he is meticulous in his trade entries.
Just to share yesterday's continuation trade on GBPNZD. Two trade so far this week, Monday +155pips, yesterday +200pips.
Both are examples how H1 can be traded in 2015. I made a post#47,657 and will try find time to post some trade examples on how I look for H1 trades.
I also amended post#47,657 and made a pdf attached here.
One minor change is I had to do is the change in broker server which is now GMT+2. Sydney Open on my charts is now GMT0. This means I need to make mineor changes to some indicators to suit my H1 trading.
regards,
Have another good trading day ahead. Make a plan and trade your plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} On the subject of Big E, I've put together some of his training charts from the Craig Harris thread and TMS thread. If anyone else finds them helpful, then they'll be worth sharing here Find the files attached below. {image} {image}
Hi all,
I read it again and again what SJ said, that initial this system was developed from an US trader point of view... that it's nice, u can let over night the 4H graph to run, but now I still try to find the BEST solution to use this TMS system, due to the fact that I'm from Eastern Europe (GMT+2); a lot of people said that we are the lucky ones that we have access to both LO and NY O till NY lunch time, and also at night the Aussi Open, but the LO and NY O I'm at office...
So if there are traders from my region can pls pls say to me how do u manage to adapt this to the rest work/life/ family, etc etc...
On the other hand I take some advantage, while being at work of course and not to busy and throw 2 trades GJ and EJ at the beginning of London time:
Btw, looking into the list of attachments to this thread found an archive that contain that nice MTF matrix type which I start to work/backtest a little to replace the Synergy MTF which keep on killing also my new HP Z book from work...
Thx for the enormous amount of information here on this thread, I'll keep studying it and follow u all masters.
I read it again and again what SJ said, that initial this system was developed from an US trader point of view... that it's nice, u can let over night the 4H graph to run, but now I still try to find the BEST solution to use this TMS system, due to the fact that I'm from Eastern Europe (GMT+2); a lot of people said that we are the lucky ones that we have access to both LO and NY O till NY lunch time, and also at night the Aussi Open, but the LO and NY O I'm at office...
So if there are traders from my region can pls pls say to me how do u manage to adapt this to the rest work/life/ family, etc etc...On the other hand I take some advantage, while being at work of course and not to busy and throw 2 trades GJ and EJ at the beginning of London time:
Btw, looking into the list of attachments to this thread found an archive that contain that nice MTF matrix type which I start to work/backtest a little to replace the Synergy MTF which keep on killing also my new HP Z book from work...
Thx for the enormous amount of information here on this thread, I'll keep studying it and follow u all masters.
- #48,773
- Jan 6, 2015 6:28pm Jan 6, 2015 6:28pm
- | Joined Dec 2014 | Status: Trader | 1,026 Posts
Wow! Lots of posts to read and catchup this morning. Some good trades done by many of your who posted and good pips made.
Positive anything is better than negative thinking.- Elbert Hubbard
- #48,774
- Jan 6, 2015 6:41pm Jan 6, 2015 6:41pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} Hey Emmanuel, Is the book available on-line somewhere? I would love to read the book! Thanks, what a good idea... sj
{quote} Got on free PDF site! {image}
SJ,
So far, I have not come across a full pdf version except the mini version.
You will find print version and also the kindle version of this book at Amazon.com. There is also a book review and interview with the author.
Or perhaps, you can take a long ride to Cary, NC where the Van Tharp Institute is and look at the whole range of products.
Another author on trading psychology is Dr Brett Steenbarger.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #48,775
- Jan 6, 2015 6:49pm Jan 6, 2015 6:49pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} Thanks Emmanuel for this. I shouldn't be making dumb mistakes specially at this point in time. TMS is simple but decisions tend to be more difficult do to stupidity and not being patient at least on my end.
Don't punish yourself. I have been there before and occasionally still make the same mistakes I made before. It just being human.
Trust me, discipline is very hard to instill in ourselves.
When we are in front of the computer for too long, it talks back at us.
So set and forget approach works. Find a trade manager EA to manage your trades.
Take care.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #48,776
- Jan 6, 2015 6:51pm Jan 6, 2015 6:51pm
{quote} Nefilim, Nice meeting you & welcome to Tms. Tms works on any time frame! It's a pretty good system... But you gotta be good to trade the 5 minute chartsWelcome to Tms. sj
only 100 pips / week
- #48,777
- Jan 6, 2015 7:03pm Jan 6, 2015 7:03pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} I see the same AB=CD, but it can also be en extended CD leg. Just manage the stop but not too close.
{quote} GBPJPY You caught what looks like a 'falling knife' . Target lower 179.00 region, previous resistance turned support... look far left. {image}
We see a AB=CD completion. Do we see an extended CD?
I have my TP set at 176.25 also near the 200EMA to expect a reaction there.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #48,779
- Jan 6, 2015 7:13pm Jan 6, 2015 7:13pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
AUDUSD 6 and 7 Jan, H1 Trades using ME/ME.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
