{quote} 2 candle before entry candle there is a pull back candle from weekly S/R. Then the 2 IB. Limit order entry on the break of IB and PB above the DOL.
Motivation is what gets you started. Habit is what keeps you going
- #58,361
- Jun 27, 2015 3:53am Jun 27, 2015 3:53am
Now for some post mortem analysis and study practice using multi timeframe analysis. There is a quiz on H1 TF why that setup should not be taken. If you got the answer, then I think you have already the 'third eye' for trading TMS. Keep working on your 'third eye'. {image} Have Fun trading and learning. The market pays you to learn.
Pros: trading away from DOL. PCRF formation
Cons: End of session, possible fakey due to closing position. RN 2.03 and 200 EMA right below = bad R:R. No cross on the SynergyPro TDI yet
Verdict: No trade
- #58,363
- Jun 27, 2015 4:12am Jun 27, 2015 4:12am
{quote} Bravo on your trades! I assume you use CaveManager to manage your trades. Please do post your trades with your reasonings and insights.. its a wealth of information for us newbiesZz
Thanks for your comments. Yes I use CM so that once Capital Protection has kicked in I am free to concentrate on my next trade.
You'll notice I keep things simple because despite the millions of words written, the market is very simple. Price either goes up or down and this is controlled by buyers and sellers. No chart pattern or indicator will tell you when or which direction. Price moves usually start and stop at S/R zones which we can identify. The basic TMS method is a great tool to help us react to these moves. How you react is down to your trading plan. So by simply watching what price is doing at S/R, getting confirmation of a move within the TMS rules, we follow the herd and pick up pips
Never argue with a fool; onlookers may not be able to tell the difference.
{quote} Loving how your charts look not to mention your super trades
i dont' know how up-load the templete but is very simple :
Black chart
Sinergy_Pro-APB
Sinergy_Pro_TDI (standard setting)
Pipsometer_5decimal (that i dont' know how to reduce his size , it is very big
)Sweet spot Gold (for the round number)
IT' IS ALL
Good Weekend all
Luca
- #58,370
- Jun 27, 2015 3:12pm Jun 27, 2015 3:12pm
- Joined Dec 2013 | Status: Trader | 1,680 Posts
{quote} Hi Omonisha, Your entry was at the high of that price bar... there was no momentum seen with that price bar. that price bar closed a small doji. I think you placed a buy stop order above that H4 pull back candle, right? But you got the money.regards,
Sad i'm not trying to understand PA
- #58,372
- Edited Jun 28, 2015 12:07am Jun 27, 2015 11:50pm | Edited Jun 28, 2015 12:07am
Hello Emmanuel,
Thanks a lot for this great thread and also for our late eelfranz. I just found out this thread a few days later and I'm doing some back testing at the moment.
I just want to know how you are trading the audusd and eurusd on the previous days?
audusd has been ranging from its mother candle since 06/03/2015. But on my chart analysis it's still on bear bias below moving average LW 60.
1.Since D1 trade is not applicable inside WRB. Is it ok to just sell it on H4 or H1 TF due to my bias?
2. How do you sell H4 inside WRB using TMS, do I need a D1 bearish candle? usually I need D1 bear candle to do it just for my 3 screen method.
3. How do you move your SL in H4? how many pips move before you put it to breakeven?
eurusd is still inside its uptrend channel and lately it's consolidating downward but the LW 60 is not yet broken cleanly. It is also near the support of trendline channel while the W1 candle is bearish engulfing. I don't have a clear picture for the eurusd so I am on a sideline until breakout or bounce on support of channel.
I know every trader has its own understanding on the chart and mine is on average level only. But some of you here can determine it with surgical precision even on a sideways market. I really envy those trading skills
Thanks a lot for this great thread and also for our late eelfranz. I just found out this thread a few days later and I'm doing some back testing at the moment.
I just want to know how you are trading the audusd and eurusd on the previous days?
audusd has been ranging from its mother candle since 06/03/2015. But on my chart analysis it's still on bear bias below moving average LW 60.
1.Since D1 trade is not applicable inside WRB. Is it ok to just sell it on H4 or H1 TF due to my bias?
2. How do you sell H4 inside WRB using TMS, do I need a D1 bearish candle? usually I need D1 bear candle to do it just for my 3 screen method.
3. How do you move your SL in H4? how many pips move before you put it to breakeven?
eurusd is still inside its uptrend channel and lately it's consolidating downward but the LW 60 is not yet broken cleanly. It is also near the support of trendline channel while the W1 candle is bearish engulfing. I don't have a clear picture for the eurusd so I am on a sideline until breakout or bounce on support of channel.
I know every trader has its own understanding on the chart and mine is on average level only. But some of you here can determine it with surgical precision even on a sideways market. I really envy those trading skills
- #58,374
- Jun 28, 2015 6:20am Jun 28, 2015 6:20am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #58,375
- Jun 28, 2015 6:59am Jun 28, 2015 6:59am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Hello Emmanuel, Thanks a lot for this great thread and also for our late eelfranz. I just found out this thread a few days later and I'm doing some back testing at the moment. I just want to know how you are trading the audusd and eurusd on the previous days? {image} audusd has been ranging from its mother candle since 06/03/2015. But on my chart analysis it's still on bear bias below moving average LW 60. 1.Since D1 trade is not applicable inside WRB. Is it ok to just sell it on H4 or H1 TF due to my bias? 2. How do you sell H4 inside WRB using...
Hi balut,
Thanks for sharing your charts.
I see you have a good reading of your charts. What is missing is to locate where key support and resistance are on your D charts. That will help understand where and why those WRB and Master Candles appear.
Both AUDUSD and EURUSD are sideways. The difference:-
- AUDUSD is sideways flat within the range of the week 23 candle high low. Best to trade H1.
- EURUSD is sideways but in a rising channel as what you have seen and that also show where the TDI swing points are.
We heard already that China lower its rates after markets closed on Friday. That could be the reason why AU drop on Friday ahead of the rate change. Monday open we must be careful how the market will react. If AU gets weaker, we look to buy EURAUD and GBPAUD.
EU is in consolidation seen on D chart. H4 looks interesting to catch some falling fruits.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} Thank you Ballistical. My entries are almost like yours and I am learning the discipline from you every week
{quote} Keep them coming bro and continue the good fight.. same boat as you... I notice that you focus purely on EA.. is this your training pair? Zz
All my trading at the moment is on EA... I used to try and follow 8-12 pairs but just found it completely over-whelming. I didn't start "learning" PA and price patterns until I dropped them all and began following a single pair.... I've followed EA exclusively for almost 10 months but still have a lot to learn yet! It didn't behave itself last week but it usually gives some nice moves during London and NY... hoping for a little more success this time round!
{quote} Hi Ballistical, Thanks for the in depth summary, useful as always. It was a strange week with all the pre LO moves on EA due to the Greek effect. Looks like you have come up with the old plan of 'if it ain't broke don't fix it'
On a different note, it's great to have you here in the TMS thread. I noticed you're relatively new to FF, but it's clear from your posts and charts that you've been trading successfully for a long time. I was wondering, do you ever place trades during the LO candle? I noticed you advised noob's to stay out whilst this unpredictable candle play's out, before forming a bias for the session. I also noticed, many of your trades are later in the session. Many of my losses are caused by choppiness during the LO candle and I was considering avoiding entering positions until afterwards. Of course, this means in some cases the explosive LO moves are missed but capital preservation has to be number one. Would be interested to hear your thoughts... Please keep up the posts. This is constant learning for everyone! Best of luck for the coming week!
Focus on the process and the profits will follow
- #58,380
- Jun 28, 2015 6:55pm Jun 28, 2015 6:55pm
{quote} LL, it certainly was a strange week. I'm not keen on trading after such big Asian moves. Need Greece to sort itself out
Yes I'm a reasonably new member of FF, in this incarnation
, but have been a reader since way before this thread was started and a user of TMS in it's various forms for some 5 or more years. As far as LO is concerned with EA, I had conversations with the late Eric (Big E, eelfrantz ) on many occasions about this entry. I wait for LO to close 90% of the time before I make an entry. You already know my theory about AO profit taking, not to mention all the pending orders either side of the Asian channel which can give a fakey. I also watch AU like a hawk and will wait to see what it does. It can take AU up to LO +2 or +3 to decide it's direction and this usually confirms EA's direction and takes the lead. I also get out of EA trades when I see AU change direction. Check out how AU and EA react and you should see what I mean. Like you said it might mean missing a LO move but I'd rather be safe than sorry. I've also been using the PAC for the last couple of years and find that it helps with filtering out bad entries but does mean my entries are conservative (the jury is still out on if the PAC is good).Hope this helps in some small way.
Never argue with a fool; onlookers may not be able to tell the difference.