End of the month to summarize: Start Trading exactly 3 weeks ago. Aggressive trading method. I must say - I like it more than!
- #51,862
- Jan 30, 2015 6:19am Jan 30, 2015 6:19am
- | Commercial User | Joined Feb 2008 | 1,909 Posts
{quote} {image} Hi merrygold, There are no dumb questions. Every question is good and it is part of our learning process. It helps you and also many others when we ask questions. The APB/HA historgram shows the APB body only. That is very clear what you see on the price chart above and the histogram below. The MA line is to compare over a certain user selectable period. That has nothing to do with the PAC 5-period SmoothMA we use on the price chart. Set that MA to period 100, and see if you can use that APB/HA Histogram. If not, then drop that indicator...
I think using the histogram is a great idea
We have 2 really good Tms systems.
1). Aggressive system. (scalping, intraday trading).
2). Conservative system. (swing & position trading).
Both system are very similar and work off of the same principals.
But they are both just a little bit different from each other...
I think this is excellent!
Thank you...
sj
End of the month to summarize: Start Trading exactly 3 weeks ago. Aggressive trading method. I must say - I like it more than!
What software did you use to make the graphs? I know there's trade explorer and myfxbook, but both ask to link an account, and I rather write my trades manually. Thanks!
Had to be me. Someone else might have gotten it wrong.
- #51,864
- Jan 30, 2015 6:22am Jan 30, 2015 6:22am
{quote} Excellent! I'm jealous!
i use myfxbook... and faktmany also
greetings robcole
- #51,865
- Jan 30, 2015 6:26am Jan 30, 2015 6:26am
- | Commercial User | Joined Feb 2008 | 1,909 Posts
hi there, because i trade this wonderful system only since december '14 with great success and there are so many questions about the rules etc. i have taken an indi from another threat and make a TMS-Rule-Indicator: {image} {file} if I forgot something please let me know! ------------------------- Then I found a gold nugget, at least for the lazy people (like me): {image} This indicator shows (for me) 4 time frames, with the PAC, 200EMA, HeikenAshi and SR-Zones. Here is the link for the description and download: http://bysb.comxa.com/es/minicharts-gold/...
Thank you!
Your rules are very accurate & well needed.
In a way our systems are free flowing...but we
also need some guidelines to guide us
Thank you for this!
sj
- #51,866
- Jan 30, 2015 6:28am Jan 30, 2015 6:28am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #51,868
- Jan 30, 2015 6:33am Jan 30, 2015 6:33am
- | Commercial User | Joined Feb 2008 | 1,909 Posts
{quote}Ha Ha.... this is from "Udine" wisdom, he is the one with the "strict rules" and respect it step by step. If u search his trading method based only on scalping with max 10 pips profit (10pips on a account that can give you the ability to work with 100 lots... do yourself the math). Anyway he has a very nice business plan, stick to it as much as you can and by 2020 will grow an account to some 7Mil whatever USD, EUR, GBP you name it. TMS could be very very easy used for scalping with very nice results. THX, Cris
Their was another guy by the name of Loveevery1 (LE1)
that traded the exact same way. Small pip count with
a huge number of lot's. He did very, very good
sj
- #51,869
- Jan 30, 2015 6:37am Jan 30, 2015 6:37am
- | Commercial User | Joined Feb 2008 | 1,909 Posts
{quote} To be honest, I had (have) the same "problem" with the SL, I will use the indicator for myself also to always have the rule in mind. I'm going to write in it also: Do not be too timid with the TP as long as I do not see any counter-color APB-Bar in the lower TF I should not close the trade. Is there a counter APB-Bar, at least the set SL to BE + 1pip and look for trend-continuation. I am also often a little... robcole
This is very good also...
You would be surprised when you just let your
trade run...
As long as you don't see a color change in the apb's
let it run. Also, pyramiding to the next higher time
frame work very, very good
sj
- #51,870
- Jan 30, 2015 6:40am Jan 30, 2015 6:40am
- | Commercial User | Joined Feb 2008 | 1,909 Posts
Hi TMS, After this week tests on different pairs, come back with an observation for those who play with DOTS (Doesn't matter the version, although I guess everyone is using DOTS_v3....). So as it can easily be seen below the DOTS doesn't function very well in range markets; this test has been done in the last 5 days. As u can see simply using this approach you end up selling on low and buying on high, and the big part of the move is situated in the "no trade zone" between BUY level and SELL level. On the other hand using common sense,TMS knowledge,...
I totality agree with you!
When you get really good at reading price action in the apb's
this will help you... you can get into a trade much quicker
sj
- #51,872
- Jan 30, 2015 6:45am Jan 30, 2015 6:45am
{quote} You would be surprised when you just let your trade run... As long as you don't see a color change in the apb's let it run. Also, pyramiding to the next higher time frame work very, very good
often I'm actually quite annoyed and think about:
what you are angry more, a BE and no lost or made 30 pips ---> or leave running and gained 150 pips. the unrecovered 120 pips annoy me more ...
- #51,873
- Jan 30, 2015 6:47am Jan 30, 2015 6:47am
- | Commercial User | Joined Feb 2008 | 1,909 Posts
End of the month to summarize: Start Trading exactly 3 weeks ago. Aggressive trading method. I must say - I like it more than!
Congrats your doing great
I like your chart...It doesn't matter which
system you use (aggressive or conservative).
What matters most is profitability. The ability
to trade another day & build up your account!
sj
- #51,874
- Jan 30, 2015 6:54am Jan 30, 2015 6:54am
- | Commercial User | Joined Feb 2008 | 1,909 Posts
got lot of lemons today, and finally come lemonade{image} {image}
Both you & Omonisha are very good.
It's fun to watch your trades...
Congrat's to both of you!
sj
- #51,875
- Jan 30, 2015 7:00am Jan 30, 2015 7:00am
- | Commercial User | Joined Feb 2008 | 1,909 Posts
{quote} hi snarlyjack, i'am not only surprised... often I'm actually quite annoyed and think about: what you are angry more, a BE and no lost or made 30 pips ---> or leave running and gained 150 pips. the unrecovered 120 pips annoy me more ...
I totality agree with you...
I found out the exact same thing. I really started
to get profitable when I started to trade the higher
time frames & just let them run...
When I get my thoughts out of the trade (psychology) &
just trade by what the charts are telling me, I do
much better & way more profitable
sj
- #51,877
- Edited 7:23am Jan 30, 2015 7:11am | Edited 7:23am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ, M5 quick scalp with aggressive TMS +6 (5 lots) Gotta love these little 5 pip pops with multiple lots could trade these all day........are there pips left on the table? yes, but the number of trades with multiple lots works for me. For my scalping style I find it more profitable and easy to accomplish small pip trades. Just my style....each trader must find what works for them!
Keep It Simple
- #51,879
- Jan 30, 2015 7:21am Jan 30, 2015 7:21am
- | Commercial User | Joined Feb 2008 | 1,909 Posts
UJ, M5 quick scalp with aggressive TMS +6 (5 lots) Gotta love these little 5 pip pops with multiple lots could trade these all day........
Congrat's...you make it look so easy
Can you share your line indicator...it looks very good!
sj
