Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} Nice work Thanks for posting. Did you follow the longerterm direction of the H4 at the time or was it based purely on the H1? If just based on H1 what was the point at which you said "go for it"? I am oz too and have been doing a Compassfx course and now, with that invaluable knowledge I have come back to finding a simpler overall structure and trade plan based on TMS so I look forward to contributing. Cheers
Welcome to TMS, yes Synergy, I believe is the original method from which TMS originated. Moreover, best results are achieved with TMS method only when
1. You trade with the trend
2. Learn TDI nature by heart and implement strictly based on the simple rules of buy and sell zone
3. Keeping your R:R realistic and in control
4. Know where your S/R, RN's are sitting on your chart
5. And if you are just starting out with TMS, I would recommend stick to the PAC to get disciplined and avoid wrong entry setups.
Yes I do consider H4 and daily overall trend for my H1 trades.
The best setups comes on your trading TF when
1. The higher TF has the same APB as your trading TF
2. The TDI cross has happened, Green shows signs of turning or it has shown sharp hook on higher TF ( This is where you use Lastingwell's MTF TDI, Thanks to her for providing it to TMS community)
Chart below
Kindest Regards
- #57,203
- May 21, 2015 1:31am May 21, 2015 1:31am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #57,204
- May 21, 2015 1:37am May 21, 2015 1:37am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
EURUSD H4 21May pre-London Open
After the big bearish move early this week, EU is in consolidation. The appearance of that H4 big candle what I identify as Wide Range Bar is the early warning.
So we do not trade any H4 TDI cross setups after that WRB.
Always remember, the TDI is derived from the real price hence many traders will tell you that the TDI is a lagging indicator.
Price Action is leading the TDI. This is true in all timeframes.
Learn to read the price action and learn to read on your chart where the support and resistance levels are.
Only with Price Action at Support and Resistance PASR will help you pick and decide on the A+++ setups to trade.
Trust what you see in the chart timeframe you choose to trade. All you need is just the APB/HA and just one TDI.
After the big bearish move early this week, EU is in consolidation. The appearance of that H4 big candle what I identify as Wide Range Bar is the early warning.
So we do not trade any H4 TDI cross setups after that WRB.
Always remember, the TDI is derived from the real price hence many traders will tell you that the TDI is a lagging indicator.
Price Action is leading the TDI. This is true in all timeframes.
Learn to read the price action and learn to read on your chart where the support and resistance levels are.
Only with Price Action at Support and Resistance PASR will help you pick and decide on the A+++ setups to trade.
Trust what you see in the chart timeframe you choose to trade. All you need is just the APB/HA and just one TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
this is very confusing....
in D1 my opinion is price is in bearish trend price break lower pac , below 10 ema , and apb is red , and price bounce resistent
But in H4 my analyze tell me to buy , price cannot break ema 200 support tdi croossed up and td (green) ady below 32 Stoch slope is pointing up , and theres space for price to go up to ema 50
what do you guys see ?
in D1 my opinion is price is in bearish trend price break lower pac , below 10 ema , and apb is red , and price bounce resistent
But in H4 my analyze tell me to buy , price cannot break ema 200 support tdi croossed up and td (green) ady below 32 Stoch slope is pointing up , and theres space for price to go up to ema 50
what do you guys see ?
Take What You Can , Give Nothing Back
- #57,206
- May 21, 2015 2:07am May 21, 2015 2:07am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} do not see that as confusing. it is conflict when we do MTF analysis.
i mean analyze bigger tf is nessesary right?
i entry buy though +45 pip , i just remember what snarlJ said price respect 200 ema
and i reentry cuz in h4 theres still enough space for price to ema 50
anyway big emm , could you explain abaout WRB? how much range between high and low price to make WRB?
Take What You Can , Give Nothing Back
- #57,208
- May 21, 2015 4:22am May 21, 2015 4:22am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Sad i'm not trying to understand PA
- #57,210
- May 21, 2015 5:08am May 21, 2015 5:08am
GA +62 +30
Entered on the break of DOL. Didn't move TP quickly enough before the news so got filled. Momentum was good to reentered with second TP set to daily S/R. Looks like it may go further but I'm happy
Entered on the break of DOL. Didn't move TP quickly enough before the news so got filled. Momentum was good to reentered with second TP set to daily S/R. Looks like it may go further but I'm happy
Never argue with a fool; onlookers may not be able to tell the difference.
- #57,213
- May 21, 2015 9:38am May 21, 2015 9:38am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #57,214
- May 21, 2015 9:47am May 21, 2015 9:47am
About MC, candle 1 closed outside the MC range, is candle 2 a valid entry, even being in the range of MC? One candle breaking the MC is enought to invalidate it? even if the price revert 1 candle after it? in this case the candle 2 had a good tdi setup
- #57,215
- May 21, 2015 9:56am May 21, 2015 9:56am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #57,217
- May 21, 2015 10:06am May 21, 2015 10:06am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #57,219
- May 21, 2015 10:34am May 21, 2015 10:34am
Hi Guys,
Another long time lurker of TMS.
Been reading the entire thread and witnessed the evolution of TMS into a pip vacuum cleaner
Just summarized most of what I have had read and have included them in the attached excel sheet.
Tab 1 includes the checklist formulated by Dean who is unfortunately not active on the thread anymore. This tab could be removed.
Tab 2 is somewhat like a dashboard of the trade criterias etc.
Tab 3 has the candlestick patterns shared within this thread
Would really appreciate if any of the seniors could have a quick look and provide their insightful comments or required additions to this doc.
I know it will NOT encapsulate the complete knowledge seen within this thread but should serve as a starter and more importantly a checklist
Hope this helps!
Zz
Another long time lurker of TMS
.Been reading the entire thread and witnessed the evolution of TMS into a pip vacuum cleaner
Just summarized most of what I have had read and have included them in the attached excel sheet.
Tab 1 includes the checklist formulated by Dean who is unfortunately not active on the thread anymore. This tab could be removed.
Tab 2 is somewhat like a dashboard of the trade criterias etc.
Tab 3 has the candlestick patterns shared within this thread
Would really appreciate if any of the seniors could have a quick look and provide their insightful comments or required additions to this doc.
I know it will NOT encapsulate the complete knowledge seen within this thread but should serve as a starter and more importantly a checklist
Hope this helps!
Zz
