{quote} I updated my charts and added the guppy. it looks amazing. Here are my indicators{file} {file} {file} {file} {file} {file} {file} {file} {file} {file}
the cautious seldom err....C
{quote} Beautiful excellent trading
{quote} Hi Ballistical! Very nice trades. Your chart is, likewise, very neat and clean with no disturbance of indicators at all, the essence of tms.
The more you trade with indi's, the more the realize they all lag price. Price action is king on H1. TDI for confirmation (if needed).
Study the charts posted by Phx62, Emmanuel, TheScorps, Omonisha etc. All successfully trade their own take of TMS, but all use very clean charts with focus on PA.
All the best
Ballistical
Focus on the process and the profits will follow
- #56,884
- May 13, 2015 7:20pm May 13, 2015 7:20pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #56,885
- May 13, 2015 7:25pm May 13, 2015 7:25pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
Quoting mokuro89 {quote} Hi emmanuel7788, what are the MA's that you use on your M15 chart? Thanks!Quoting emmanuel 7788 Hi, the MAs are the same for all timeframes I trade - 50EMA, 200EMA and 800EMA. Hi Big Emm! What are the other parameter of these MAs that u use in your chart i.e, shift, MA method, applied to..... Regards,
using these common MAs is not holy grail. We just use them to see what the market does when near to these MAs. We always look the Price Action seen with the price bar and APB candles, and we look at the price momentum what the TDI Green, Red and Yellow show us.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #56,886
- May 13, 2015 7:41pm May 13, 2015 7:41pm
All right, after some months of learning, trying, testing, practising, demoing, live trading the tms system, i finally found the way of trading, that fits to my personality and lifestyle, that means trading the 1 hour time frame whenever its possible, and combine it with the 4 hour time frame, doing it as simple as possible, just the basic rules/indicators with a clean chart and trendlines as S/R levels, drawing them on all 3 time frames 1h, 4h and daily.
Risk Management is using max 2% per position, with a fix amount of dollars per trade.
I open a trade on 1h with tp at least 2 times bigger than the sl, using the ADR for the final exit and add positions with smaller risk, if pa is looking good or the 4h timeframe is giving me the same signal. Currently on 3 pairs, EurAud, AudUsd and GbpUsd.
So happy that i reached this point
and it is going well, so i think its time to post some charts.
E-A: Price bounced off the bearish trendline, tdi angle was good, i went short with 20pip sl and 40pip tp, tp was reached very quickly, and touched a resistance line. It was still looking strong, so i opened another short position with less money after the line was broken, again 20/40pips, then on the 4h timeframe i saw a short bounce trade, and changed the tp to 60 pips instead of opening another position, tp was reached again. Then it reached the ADR reversed, i took another 20/40pip long trade, and tp was reached.
A-U: Support from the bullish trendline, but no cross and no new high yet, so i waited. then a bounce trade on 4h, i went long with 20/40, i did not expect the market to go further than 40 pips, because the adr was reached then, and there was a resistance line. tp reached, very nice.
G-U: News looked good first, it broke the master candle on 4h, and it is in a bulish trend, so i tried a smaller position, it went BE. Later it went down, but bounced off the trendline, tdi crossed up, and i tried another long position, closed it manually with 12pips by the end of my day.
Risk Management is using max 2% per position, with a fix amount of dollars per trade.
I open a trade on 1h with tp at least 2 times bigger than the sl, using the ADR for the final exit and add positions with smaller risk, if pa is looking good or the 4h timeframe is giving me the same signal. Currently on 3 pairs, EurAud, AudUsd and GbpUsd.
So happy that i reached this point
and it is going well, so i think its time to post some charts.E-A: Price bounced off the bearish trendline, tdi angle was good, i went short with 20pip sl and 40pip tp, tp was reached very quickly, and touched a resistance line. It was still looking strong, so i opened another short position with less money after the line was broken, again 20/40pips, then on the 4h timeframe i saw a short bounce trade, and changed the tp to 60 pips instead of opening another position, tp was reached again. Then it reached the ADR reversed, i took another 20/40pip long trade, and tp was reached.
A-U: Support from the bullish trendline, but no cross and no new high yet, so i waited. then a bounce trade on 4h, i went long with 20/40, i did not expect the market to go further than 40 pips, because the adr was reached then, and there was a resistance line. tp reached, very nice.
G-U: News looked good first, it broke the master candle on 4h, and it is in a bulish trend, so i tried a smaller position, it went BE. Later it went down, but bounced off the trendline, tdi crossed up, and i tried another long position, closed it manually with 12pips by the end of my day.
- #56,889
- May 13, 2015 9:25pm May 13, 2015 9:25pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #56,891
- May 14, 2015 2:45am May 14, 2015 2:45am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Sad i'm not trying to understand PA
GA lost = EA made it up 2 standard lots ... 20 pips TSL activated ....... {image}
It's been a pleasure watching and studying your trades.
However, for this EurAud trade all Higher Time Frames indicated a sell trend and yet you took Buy Trade. How did you decide to to do so?
Thanking you in advance.
- #56,895
- May 14, 2015 3:15am May 14, 2015 3:15am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Sad i'm not trying to understand PA
- #56,896
- May 14, 2015 3:22am May 14, 2015 3:22am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
{quote}Nicely Done OS! I caught some of EA on H1 {image}
Great OS , timings are perfect on those trades , well done
I Have Learned to Take Some Losses to Make Profits
- #56,898
- May 14, 2015 3:38am May 14, 2015 3:38am
GA lost = EA made it up 2 standard lots ... 20 pips TSL activated ....... {image}
the pipmeister is back. Nice recovery sir Never argue with a fool; onlookers may not be able to tell the difference.
