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TMS for M30 charts

  • #8,121
  • Sep 19, 2015 9:15am Sep 19, 2015 9:15am
Quoting classy
wow ..how TMS works..though this is not my trading time.....FF liquidity 18% ..i know high percentage high perticipatin..high volatility....it is really i cant understand any tips /idea what it is really mean {image}
GM Classy
I was looking at your trades more closely and realized that your position lots are too big.Its obvious that most of the moves had way lot more pips in them but because of your position you were eager to take TP early.This is the classic syndrome of big position which effects trading negatively.
If you reduce your lots to .5 by half it will allow your brain to relax and see price action more objectively hence your pip distance will increase by 3 fold.You would be surprise that you will make more money with less stress and your losses will be smaller.
This is coming from my own experience.Try it.
regards
In trading, you have to be defensive and aggressive at the same time
  • #8,122
  • Sep 19, 2015 9:32am Sep 19, 2015 9:32am
Quoting omonisha
GBPUSD-H1..Got this OB {image}
Dear Omonisha,
Could you possibly enlighten me more on the reasons of this trade,
Its clearly an uptrend from my perspective on PA,
Or was there any sign of weakness that made you take that sell for a longer period.
Please share your insight, it would be highly appreciated.


Regards,
Festus
Motivation is what gets you started. Habit is what keeps you going
  • #8,123
  • Sep 19, 2015 9:50am Sep 19, 2015 9:50am
Quoting efestus
{quote} Dear Omonisha, Could you possibly enlighten me more on the reasons of this trade, Its clearly an uptrend from my perspective on PA, Or was there any sign of weakness that made you take that sell for a longer period. Please share your insight, it would be highly appreciated. Regards, Festus
GM Efestus
Sorry if I jump in myself (coffee in my hands sat morning...) He trades TMS system in its heart is TDI and APB candles.
He saw a cross on TDI and ABP candle painting red.As long as candle was painting red he stayed on the trade.
When you say PA is uptrend question should be addressed is at what TF?
On higher TF PA is in fact in a range since May and on monthly PA is under 200EMA which still makes it bear trend.
Fundamentally USD is stronger then pound and getting stronger.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #8,124
  • Sep 19, 2015 10:20am Sep 19, 2015 10:20am
Quoting Davit
{quote} GM Classy I was looking at your trades more closely and realized that your position lots are too big.Its obvious that most of the moves had way lot more pips in them but because of your position you were eager to take TP early.This is the classic syndrome of big position which effects trading negatively. If you reduce your lots to .5 by half it will allow your brain to relax and see price action more objectively hence your pip distance will increase by 3 fold.You would be surprise that you will make more money with less stress and your losses...
davit many many thanks for for your valuable advice .next time definately you see the changes b/c you are 100% correct.big lot big stress ..small lot small stress....happy weekend
Say something meaningful or Silence!!
  • #8,125
  • Sep 19, 2015 11:11am Sep 19, 2015 11:11am
Quoting Davit
{quote} GM Efestus Sorry if I jump in myself (coffee in my hands sat morning...) He trades TMS system in its heart is TDI and APB candles. He saw a cross on TDI and ABP candle painting red.As long as candle was painting red he stayed on the trade. When you say PA is uptrend question should be addressed is at what TF? On higher TF PA is in fact in a range since May and on monthly PA is under 200EMA which still makes it bear trend. Fundamentally USD is stronger then pound and getting stronger. Regards
Hello Davit,
Thank you very much for your wonderful response.
I still got alot to learn on TMS,
I saw the trade but my sentiment was bull on H1, so i waited and the bull never came.
Thanks again for such insightful response,
DO have a lovely day.

Regards,
Festus
Motivation is what gets you started. Habit is what keeps you going
  • #8,126
  • Sep 19, 2015 11:35am Sep 19, 2015 11:35am
Quoting efestus
{quote} Hello Davit, Thank you very much for your wonderful response. I still got alot to learn on TMS, I saw the trade but my sentiment was bull on H1, so i waited and the bull never came. Thanks again for such insightful response, DO have a lovely day. Regards, Festus
Efestus, while you are waiting for OS and I am here, you had FA view from Davit, here what I saw on my phone view from the pair. It had bearish divergence and he jumped in from the breakout of that red outside bar. Note that OS plays with this type of breakout quite often. He will add more in when he is around...
Appreciation is the key to wealth and happiness
  • #8,127
  • Sep 19, 2015 12:18pm Sep 19, 2015 12:18pm
Quoting SunSaltwater
{quote} Gents, I appreciate your points, not trying to create a situation here, believe me, I can see how valuable this thread is to many. My point is it's fine to see the entry and exit points on your chart; however, with no knowledge of lot sizes (and I don't think anyone should provide this information as it is personal) then seeing the entries can be misleading because as stated previously the first entry could be for 20 lots, then the last, and best entry up top could be for 1 lot, so no one has a clue really where you true average entry would...
Isn't motivating and fun to see Davit and GS filing greenies? I have no doubt about their success and know roughly how many pips they got from each trade by open that chart and measure the distance from the entry and exit. Lots of time I was lazy and did not split my position size the way they did. It s up to individiual to play within our comfort zone...I m quite precise about my entries and exits, and yes, playing big lot in one entry is not advisable to many traders. End of the day, it's our best interest that we need to act upon...BTW, I don't think MT4 has the function showing pips like what s on your chart.
Appreciation is the key to wealth and happiness
  • #8,128
  • Sep 19, 2015 12:32pm Sep 19, 2015 12:32pm
Quoting likica
{quote} Efestus, while you are waiting for OS and I am here, you had FA view from Davit, here what I saw on my phone view from the pair. It had bearish divergence and he jumped in from the breakout of that red outside bar. Note that OS plays with this type of breakout quite often. He will add more in when he is around...
Hello Likica,
You are very correct, there was hidden div and a double top, I have now taken this to account.
Thank you very much for your insight, it was also very helpful.

Regards,
Festus
Motivation is what gets you started. Habit is what keeps you going
  • #8,129
  • Sep 19, 2015 3:11pm Sep 19, 2015 3:11pm
Quoting efestus
{quote} Dear Omonisha, Could you possibly enlighten me more on the reasons of this trade, Its clearly an uptrend from my perspective on PA, Or was there any sign of weakness that made you take that sell for a longer period. Please share your insight, it would be highly appreciated. Regards, Festus
Thanks a lot LK spot on. A great trader knows exactly what is going on. I am not good at explaining due to language. Sometime i want to say something but it turns out something different then what i meant Please see the chart below Festus. All is location. I have my box drawn on my chart [ Not perfect ] you can see where price was heading and where i was wanting to see some action. Will the trouble area hold/bounce or price will break trough. And on H1 everything was there for price to turn. The PA confluence S/R TDI.

Have a great weekend
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
  • #8,130
  • Sep 19, 2015 4:57pm Sep 19, 2015 4:57pm
Quoting omonisha
{quote} Thanks a lot LK spot on. A great trader knows exactly what is going on. I am not good at explaining due to language. Sometime i want to say something but it turns out something different then what i meant Please see the chart below Festus. All is location. I have my box drawn on my chart [ Not perfect ] you can see where price was heading and where i was wanti ng to see some action. Will the trouble area hold/bounce or price will break trough. And on H1 everything was there for price to turn. The PA confluence S/R TDI....
Thank you Mr Omonisha,
I still have alot to learn, as we learn everyday, your language is fine by me and i understand you very well.
The market has a language we all understand together.
I have taken into note, all you have said, thank you very much once again.

Regards,
Festus
Motivation is what gets you started. Habit is what keeps you going
  • #8,131
  • Sep 19, 2015 11:16pm Sep 19, 2015 11:16pm
Quoting omonisha
{quote} Thanks a lot LK spot on. A great trader knows exactly what is going on. I am not good at explaining due to language. Sometime i want to say something but it turns out something different then what i meant Please see the chart below Festus. All is location. I have my box drawn on my chart [ Not perfect ] you can see where price was heading and where i was wanting to see some action. Will the trouble area hold/bounce or price will break trough. And on H1 everything was there for price to turn. The PA confluence S/R TDI....
very clearly explained buddy - superb analysis and trading
  • #8,132
  • Sep 19, 2015 11:28pm Sep 19, 2015 11:28pm
Quoting likica
{quote} Isn't motivating and fun to see Davit and GS filing greenies? I have no doubt about their success and know roughly how many pips they got from each trade by open that chart and measure the distance from the entry and exit. Lots of time I was lazy and did not split my position size the way they did. It s up to individiual to play within our comfort zone...I m quite precise about my entries and exits, and yes, playing big lot in one entry is not advisable to many traders. End of the day, it's our best interest that we need to act upon...BTW,...
...yeah, D, back on the old TMS thread we tried to explain this to noob-noobs - LW wrote very clear posts on avg pips etc and even pictures but they still couldnt really follow so like we all gave up trying . Yeah, ZeF said you only need basic stats to do trading but some noobs struggle with that even ...better to keep it simple

wat i do is report the PTs taken - like +50+60+70+50+50pips <- this is really important to me but the total pips [280pips] is like totally non-important

but when i trade your style the TPs are same or bunched so i just stack it bro - cause i to lazy to write it all out

...here is AU +90pips [3 trades with each SL20pips : TP30pips] -
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  • #8,133
  • Edited 11:51pm Sep 19, 2015 11:40pm | Edited 11:51pm
EU M30&H4&W1 update - here is some nice div were you could expect it on the M30 and it also showed on the H4 - remember the div has to be set by candle close for pivot high - if you jump early bro it could dissolve [not a fakey but wont be there backtest'n] with bullish PA
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  • #8,134
  • Sep 19, 2015 11:48pm Sep 19, 2015 11:48pm
...if you start see'n a stack of supp&res on your chart - lookleft clutter - the reason could be on the HTFs....
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  • #8,135
  • Edited 12:58am Sep 20, 2015 12:40am | Edited 12:58am
GS LK nice posts.
I was thinking while drinking good wine now.What is exactly the difference winning making money in Forex or losing and repeatedly losing.
The difference is set of behavior patterns.Winner is conditioning themselves to repeat what worked and repeat enough that it gets hard wired in the brain.I am sure LK,GS see DIV's like nothing almost effortless however just seeing not enough they act upon on it.They know probability of being right is greater then being wrong provided PA agrees.
In basic form every successful trader has set of criteria that if meant trades are taken without hesitation. Donchian one of my favorites did that really well in his old age drinking whiskey all night and still hitting the numbers on bulls eye.
It all comes down to winning conditioning.
Losers on the other hand repeat the same mistakes over and over.Most are too cheap to take 20 loss and end up forced to shell out 250 loss by the market.This goes on and on one account busted after another.In the heart of it is the EGO.I am right market is wrong.This attitude is disastrous in trading.Please accept that 4-7 trillion dollar market is the Ocean and you are just a droplet insignificant soul.To get out of this mentality is not easy.Brain loves patterns even the ones that hurts us (one of the reasons why lot of battered women end up dating another abusive guy" to get out one must put catalytic almost colossal effort.To change your brain wiring requires unwiring then wiring correctly again.
Once you realize your weaknesses why you can't make money in Forex then you must address it like its the most important task ever in your life.Causal effort does not work (how many people diet then relapse then diet again and so on and finally quit and gave up)
Systems methods are only useful if your wiring conditioning is aligned with good trading habits.If you lock these good habits nothing will help you until you address your shortcomings honestly.

Regards
In trading, you have to be defensive and aggressive at the same time
  • #8,136
  • Sep 20, 2015 4:29am Sep 20, 2015 4:29am
Quoting omonisha
EURUSD-D1 {image}
EURUSD-D1.. Turned back from the previous S/R with a not very strong OutSide Bar. But the location is very important as we can see on chart.
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
  • #8,137
  • Sep 20, 2015 7:47am Sep 20, 2015 7:47am
Quoting Almo2312
{quote} Hello dear friend,can you share your tpl and indis please.
Something similar to that requested
Attached File(s)
File Type: ex4 Heiken_AshiH_sw_mtf.ex4   5 KB | 226 downloads
  • #8,138
  • Sep 20, 2015 8:11am Sep 20, 2015 8:11am
Quoting Davit
GS LK nice posts. I was thinking while drinking good wine now.What is exactly the difference winning making money in Forex or losing and repeatedly losing. The difference is set of behavior patterns.Winner is conditioning themselves to repeat what worked and repeat enough that it gets hard wired in the brain.I am sure LK,GS see DIV's like nothing almost effortless however just seeing not enough they act upon on it.They know probability of being right is greater then being wrong provided PA agrees. In basic form every successful trader has set of...

One of the most honest and realistic psychological human behavior explanation, traders should print it and nail it on the wall.

Before morning coffee we should start to read it and then repeat the reading 30 times a day.



years ago someone asked in a forum and said I don't know how to let the trades run,

There is one answer for this question : don't click the bloody mouse button.

But the problem is , you will not press the button when you see positive logical results for a while based on logical and rational decisions and reasons,

When your TP your SL or Lot size has no logic, so for sure you won't know when you should get out of trade in either side.
Consequently, you will press the bloody button again and again, because you have no idea about your trades.

As Davit said, for example once you see 90% of triangle patterns confluence with Divergences landed in green pips for 100 past results based on this strategy, you will even trade on the same rule when you are deadly drunk.

Because your brain knows and believes the 90% probability of that particular system.
  • #8,139
  • Sep 20, 2015 1:22pm Sep 20, 2015 1:22pm
Quoting griffinssoul
{quote} very clearly explained buddy - superb analysis and trading
Thanks for the support m8
Sad i'm not trying to understand PA
  • #8,140
  • Edited 3:31pm Sep 20, 2015 3:03pm | Edited 3:31pm
Quoting Davit
Going over the pairs one really sticks out as A type trade GC is at double top strong previous R Watch wait TDI signal then make your trade. {image}
Hello,
was looking at this too. Also EA now on strong sup with possible W pattern and div in higher tf.
P.S. my limit order was missed becouse of spread ;/
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Time is your friend; impulse is your enemy.
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