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TMS for M30 charts

  • #901
  • Mar 4, 2015 1:32pm Mar 4, 2015 1:32pm
Quoting kminler
{quote} wow--nice trade---how did you do that--- quick trigger finger or pending order? I am always too cautious around news releases, been burnt too often by quick violent retraces.
Thanks. it was a Pending order set below the trend line. I trade usdcad alot and it tends fall quick after a steep rise.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #902
  • Mar 4, 2015 1:35pm Mar 4, 2015 1:35pm
Quoting sknight1
{quote} Nice job nods !!! I got stopped on usdcad.... but, just barely ! {image}
Thanks sk. I hate it when that happens, now I try and catch the break out under the trend line.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #903
  • Mar 4, 2015 1:37pm Mar 4, 2015 1:37pm
Quoting TheScorpS
{quote} Fast and neat, well done, and very good representation of Trend Lines
Thanks TSS. You have been a great help. I learnt loads from your posts.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #904
  • Mar 4, 2015 4:54pm Mar 4, 2015 4:54pm
Quoting nods80
Quick usdcad pips {image} And dipped my toes in oil {image} I had long pending orders for EU and GU that were never activated. Long what was I thinking
nice pips Nods. hope your toes looked good after dipping in oil
Appreciation is the key to wealth and happiness
  • #905
  • Mar 4, 2015 5:15pm Mar 4, 2015 5:15pm
Quoting likica
{quote} nice pips Nods. hope your toes looked good after dipping in oil
Thanks, Did you get some?
Intelligence is the ability to adapt to change. Stephen Hawking
  • #906
  • Mar 4, 2015 6:03pm Mar 4, 2015 6:03pm
Hey guys,

Ive been trading the TMS 4h method for a while, having some good success but as a fulltime worker and my time zone its hard to catch the good opportunities, so ive been looking at the shorter timeframes for a while..

My only question is;

Are there any differences in the method? Or is just the same but lower time frame?
When doing the top down analysis approach do we use the h1 h4 and dailt rather than the wk and mn?

Thanks,

-hayden
  • #907
  • Mar 4, 2015 6:03pm Mar 4, 2015 6:03pm
Quoting nods80
{quote} Thanks, Did you get some?
yes, I got only part of the move
Attached Image (click to enlarge)
Click to Enlarge Name: 4.3.15 oil M15 short LH @ UScash +52 (reached 100).png Size: 49 KB
Appreciation is the key to wealth and happiness
  • #908
  • Mar 4, 2015 6:08pm Mar 4, 2015 6:08pm
Quoting likica
{quote} yes, I got only part of the move {image}
You got in really early though
Intelligence is the ability to adapt to change. Stephen Hawking
  • #909
  • Mar 4, 2015 6:09pm Mar 4, 2015 6:09pm
Quoting haydo147
Hey guys, Ive been trading the TMS 4h method for a while, having some good success but as a fulltime worker and my time zone its hard to catch the good opportunities, so ive been looking at the shorter timeframes for a while.. My only question is; Are there any differences in the method? Or is just the same but lower time frame? When doing the top down analysis approach do we use the h1 h4 and dailt rather than the wk and mn? Thanks, -hayden
Hi H,
We do similar steps like checking next TFs (M15, H1 H4, D1) to see if they are at overbought/oversold (68/32 levels), look left for PA, checking S/R nearby, apbs big/small,... divergence, HL LL, HL HH,....(basic PA things)
Appreciation is the key to wealth and happiness
  • #910
  • Mar 4, 2015 6:18pm Mar 4, 2015 6:18pm
Quoting likica
{quote} Hi H, We do similar steps like checking next TFs (M15, H1 H4, D1) to see if they are at overbought/oversold (68/32 levels), look left for PA, checking S/R nearby, apbs big/small,... divergence, HL LL, HL HH,....(basic PA things)
Ah ok, so pretty much same method just dropping things down a timeframe.I might give it a shot over the next week see how i go .
  • #911
  • Mar 4, 2015 9:05pm Mar 4, 2015 9:05pm
First time trade NU as spotted divergence bounced off weekly s/r around Tokyo Open, turned PC off a few hours ...., finally got PT filled both NU EN
Attached Image (click to enlarge)
Click to Enlarge Name: 5.3.15 Thu EN NU M30 DIV ++ TOK.png Size: 98 KB
Appreciation is the key to wealth and happiness
  • #912
  • Mar 4, 2015 9:16pm Mar 4, 2015 9:16pm
Haven't been on in awhile. My trades haven't been the greatest the past few weeks. But I'm in NU Short. At the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 28 KB
Positive anything is better than negative thinking.- Elbert Hubbard
  • #913
  • Mar 4, 2015 9:23pm Mar 4, 2015 9:23pm
Quoting redcloudxlll
Haven't been on in awhile. My trades haven't been the greatest the past few weeks. But I'm in NU Short. At the moment. {image}
Good to see u back Red.
Hope u are well and be disciplined. Yell out loud if u need a hand...
Appreciation is the key to wealth and happiness
  • #914
  • Mar 4, 2015 9:36pm Mar 4, 2015 9:36pm
Quoting likica
{quote} Good to see u back Red. Hope u are well and be disciplined. Yell out loud if u need a hand...

NU has a daily ATR(7) of just over 50 pips... hardly worth the effort if you figure capturing 50% of the ATR(7) to be "good". You're looking at 25 pips.

Just my 0.02 cents.
  • #915
  • Mar 4, 2015 9:45pm Mar 4, 2015 9:45pm
Quoting sknight1
{quote} NU has a daily ATR(7) of just over 50 pips... hardly worth the effort if you figure capturing 50% of the ATR(7) to be "good". You're looking at 25 pips. Just my 0.02 cents.
spotted on SK, as long as traders are aware of ADR of the pair they trade and have a realistic PTs, green pips are always beautiful regardless of size. Thanks for bringing it up
Appreciation is the key to wealth and happiness
  • #916
  • Mar 4, 2015 9:50pm Mar 4, 2015 9:50pm
Quoting likica
{quote} spotted on SK, as long as traders are aware of ADR of the pair they trade and have a realistic PTs, green pips are always beautiful regardless of size. Thanks for bringing it up
Good thing to trade low ADR pairs is SL is also small. Also, pip value in deposit currency should be considered i think.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #917
  • Mar 4, 2015 10:00pm Mar 4, 2015 10:00pm
Quoting heispark
{quote} Good thing to trade low ADR pairs is SL is also small. Also, pip value in deposit currency should be considered i think.....


Good points from both of you.
  • #918
  • Mar 4, 2015 10:07pm Mar 4, 2015 10:07pm
Quoting likica
First time trade NU as spotted divergence bounced off weekly s/r around Tokyo Open, turned PC off a few hours ...., finally got PT filled both NU EN {image}
Hi Likica,

Your trades are really easy to understand and inspiring me....

Great, you can find easily where are pips. I remember NU is not in your watch list , so how did you notice. Have you entered by pending order or market order.

I am seeing you are trading all three session . how it is possible ?


Thanks


MKFX
  • #919
  • Mar 4, 2015 10:48pm Mar 4, 2015 10:48pm
Quoting likica
{quote} Good to see u back Red. Hope u are well and be disciplined. Yell out loud if u need a hand...
Yea Had to take a break from the fast movers. Though I love them but I made a few mistakes that cost me a few grand... PLaying with the little guys for a bit until I get 100% confidence again and learning to take profits which seems to be my problem. Good setups, good profits....But I let them get away all the time.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #920
  • Edited 11:21pm Mar 4, 2015 11:01pm | Edited 11:21pm
Quoting mkfx
{quote} Hi Likica, Your trades are really easy to understand and inspiring me.... Great, you can find easily where are pips. I remember NU is not in your watch list , so how did you notice. Have you entered by pending order or market order. I am seeing you are trading all three session . how it is possible ? Thanks MKFX
I am normally at my desk around any open (Syd, Tok, Sing, FO, LO, NYO) I did not see any thing this morning (SYD/TOK), NU and EN were spotted for fx as you know I like divergence set up. I entered at market ( I use pending orders for gold and oil more often), I was late for entries (4th APB) so they were not perfect as you see but price wise were still good and setup still there... (my excuse to get in a good set up ) I was not that keen to watch so I turned my PC off.
I don't think I have anything on my watch list beside GA EA and since there was a big move from last 24hrs and AU red news was coming, so I decided to stay away from them...
By the way, GN did move faster and better pips but I did not see divergence so I chose EN.
I m thinking of putting back 5EMA on my chart for newbies to see it clearer, as I noticed some traders spotted divergence but very weak (size of APB small, etc). what's your thoughts?
I found it better without it as you see my entries are kinda clear with good apb, sometimes I was not patient to wait for HL LH after divergence and ended up have to bear with retraced....
Tips of the day: I use TDI and PA for entries, but need indies like stoc, 10ema to stay in longer....I still need to improve this area as I am still not good at it.

Quoting redcloudxlll
{quote} Yea Had to take a break from the fast movers. Though I love them but I made a few mistakes that cost me a few grand... PLaying with the little guys for a bit until I get 100% confidence again and learning to take profits which seems to be my problem. Good setups, good profits....But I let them get away all the time.
yupp, building confidence is the job only you can help yourself.
I learnt from GS for taking profits and started cutting my loses as I said to myself I can always re enter if PA avail...letting profit running like OS is still a challenge for me right now since I am not comfortable to leave my trade overnight. I will grow my confidence soon...
Appreciation is the key to wealth and happiness
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