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TMS for M30 charts

  • #8,281
  • Sep 23, 2015 11:41am Sep 23, 2015 11:41am
Quoting Alex.Hordon
Looking to follow this strategy did try the TMS for daily chart but had no success! seems easy when reading but i guess there is more to it
Hi Alex
Allow me to sum up trading simply.
Price goes from support to resistance and reverse.In between traders make their entries.Does not matter the method if you understand Price Action.
TMS is focusing on entries TDI cross +PA
They are basically 2 types of traders. Ones that wait until price reaches extremes or key S/R and the other which just follow price.
In my understanding TMS is about following price.Advatage of this method is that opportunities are plenty.
Nobody here complains that they can't find trades.Daily is difficult to trade because it requires greater SL and DD but 30min is perfect average pip distance of 50pips.Make 200pips a week and you are golden.
To GS 200pips is a hiccup Focus making simple entries

In addition pay attention to major news events.Yellen speaks tomorrow for example.Being aware of news should be part of trading like breathing oxygen.Its that important. Market reacts to news and you should be aware what's coming.
regards
In trading, you have to be defensive and aggressive at the same time
  • #8,282
  • Sep 23, 2015 11:48am Sep 23, 2015 11:48am
Quoting Davit
{quote} Hi Alex Allow me to sum up trading simply. Price goes from support to resistance and reverse.In between traders make their entries.Does not matter the method if you understand Price Action. TMS is focusing on entries TDI cross +PA They are basically 2 types of traders. Ones that wait until price reaches extremes or key S/R and the other which just follow price. In my understanding TMS is about following price.Advatage of this method is that opportunities are plenty. Nobody here complains that they can't find trades.Daily is difficult to...
Thanks for the reply Davit,

My understanding so far...

1. Green crosses the red on TDi
2. Away from EMA and DO
3. Newbie question on the template which ones the S/R lines? (screenshot attached) im using the TMS2015 zip upload

Is there any youtube videos/pdf tutorials to understand PA better?
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  • #8,283
  • Sep 23, 2015 11:53am Sep 23, 2015 11:53am
[quote=Davit;8504814]

Dear Davit,

Are you still holding UCAD shorts? Kindly share your reviews about this instrument.

Regards,
Azfar
  • #8,284
  • Sep 23, 2015 12:10pm Sep 23, 2015 12:10pm
[quote=azfarjaved;8504830]
Quoting Davit
Dear Davit, Are you still holding UCAD shorts? Kindly share your reviews about this instrument. Regards, Azfar
Yes still do. 3345-50 was previous high and held.After Yellen speaks UC most likely will drop quickly.Having said this I trade within my account and I allow some DD space.If things will get worse I close trades minimizing risk but gradually never all at once.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #8,285
  • Sep 23, 2015 12:11pm Sep 23, 2015 12:11pm
Quoting Davit
{quote} Hi Alex Allow me to sum up trading simply. Price goes from support to resistance and reverse.In between traders make their entries.Does not matter the method if you understand Price Action. TMS is focusing on entries TDI cross +PA They are basically 2 types of traders. Ones that wait until price reaches extremes or key S/R and the other which just follow price. In my understanding TMS is about following price.Advatage of this method is that opportunities are plenty. Nobody here complains that they can't find trades.Daily is difficult to...
hi davit i cut your valuable word for my thread...thanks
Say something meaningful or Silence!!
  • #8,286
  • Edited 12:28pm Sep 23, 2015 12:15pm | Edited 12:28pm
Quoting Alex.Hordon
{quote} Thanks for the reply Davit, My understanding so far... 1. Green crosses the red on TDi 2. Away from EMA and DO 3. Newbie question on the template which ones the S/R lines? (screenshot attached) im using the TMS2015 zip upload Is there any youtube videos/pdf tutorials to understand PA better? {image}
There is no S/R lines on the template
S/R should be understood as trading 101.Go to YouTube type support resistance trading and you'll find plenty of videos and same on price action.
You must lay the groundwork much like building a house foundation is most important.
regards
I like Nial Fuller a lot.In fact read just about every article by him.He is great.
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #8,287
  • Sep 23, 2015 12:20pm Sep 23, 2015 12:20pm
[quote=Davit;8504860]
Quoting azfarjaved
{quote} Yes still do. 3345-50 was previous high and held.After Yellen speaks UC most likely will drop quickly.Having said this I trade within my account and I allow some DD space.If things will get worse I close trades minimizing risk but gradually never all at once. Regards
Thanks.... we are on same boat... Good Luck
  • #8,288
  • Sep 23, 2015 12:32pm Sep 23, 2015 12:32pm
Another good video
You often see LK circling pin rejection bars.Watch this video to see it.
Inserted Video

You can click on his name and watch all his videos.You will see the market differently after watching the vids.
In trading, you have to be defensive and aggressive at the same time
  • #8,289
  • Sep 23, 2015 12:41pm Sep 23, 2015 12:41pm
Quoting Davit
{quote} There is no S/R lines on the template S/R should be understood as trading 101.Go to YouTube type support resistance trading and you'll find plenty of videos and same on price action. You must lay the groundwork much like building a house foundation is most important. regards I like Nial Fuller a lot.In fact read just about every article by him.He is great. https://www.youtube.com/watch?v=EYfXyFT6lag

Thank you so much for the video's!

Before you take a trade could you please let me know what you look for and what you do on the charts. Like a check list before you place the trade...

Would be great
  • #8,290
  • Sep 23, 2015 12:50pm Sep 23, 2015 12:50pm
I have circled the entries where i would see a trade for Long on EU

These trades already happened so it wasn't trades i saw before happening or analysed but wanted to check if these are the correct precautions please do let me know
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  • #8,291
  • Sep 23, 2015 12:51pm Sep 23, 2015 12:51pm
Quoting Alex.Hordon
{quote} Thank you so much for the video's! Before you take a trade could you please let me know what you look for and what you do on the charts. Like a check list before you place the trade... Would be great
Alex
I can't possibly cover everything I look into.In basic form
1 PA Bearish or bullish pin bars? or solid continues moves
2.S/R Round numbers major fib locations pivots
3.News making sure nothing is coming up that could influence price contrary of my intended trade.
3.TDI +cross everything checks out pull the trigger

Practice on demo until you feel confident.

Let me give you real life example
AU is at round number 70 and this alone should get your antennas on alert level for possible long.Its at Support and round number and has very good probability to go up.You see that took me 5seconds of looking at AU
I have not pulled the trigger but its on my list for sure.I need TDI above 32 as stated on 1st page.
In trading, you have to be defensive and aggressive at the same time
  • #8,292
  • Sep 23, 2015 1:03pm Sep 23, 2015 1:03pm
Quoting Davit
{quote} Alex I can't possibly cover everything I look into.In basic form 1 PA Bearish or bullish pin bars? or solid continues moves 2.S/R Round numbers major fib locations pivots 3.News making sure nothing is coming up that could influence price contrary of my intended trade. 3.TDI +cross everything checks out pull the trigger Practice on demo until you feel confident. Let me give you real life example AU is at round number 70 and this alone should get your antennas on alert level for possible long.Its at Support and round number and has very good...
Hi

Thanks Davit,

The next time you place a trade could you screenshot your analysis it will make it alot easier with a visual reference
  • #8,293
  • Sep 23, 2015 2:05pm Sep 23, 2015 2:05pm
Quoting Davit
{quote} Alex I can't possibly cover everything I look into.In basic form 1 PA Bearish or bullish pin bars? or solid continues moves 2.S/R Round numbers major fib locations pivots 3.News making sure nothing is coming up that could influence price contrary of my intended trade. 3.TDI +cross everything checks out pull the trigger Practice on demo until you feel confident. Let me give you real life example AU is at round number 70 and this alone should get your antennas on alert level for possible long.Its at Support and round number and has very good...
yea davit..i want to add few/more ... AU is also my watch list...4h 6993 HL and left side may go deep 6980(good area for long to me)78.6 fibo 6985 loo left last bearish +bullish candle as sup..IMHO
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  • #8,294
  • Sep 23, 2015 2:06pm Sep 23, 2015 2:06pm
heres a trade i am looking at on the M15 for EU.

Looking for a short if it breaks below the near support line
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  • #8,295
  • Sep 23, 2015 2:08pm Sep 23, 2015 2:08pm
Quoting Alex.Hordon
{quote} Hi Thanks Davit, The next time you place a trade could you screenshot your analysis it will make it alot easier with a visual reference
hi Alex nothing easier/harder..just work soft and enjoy..lol..help your self..follow what davit said and practice..practice.practice makes you confident...
Say something meaningful or Silence!!
  • #8,296
  • Sep 23, 2015 2:14pm Sep 23, 2015 2:14pm
Quoting classy
{quote} hi Alex nothing easier/harder..just work soft and enjoy..lol..help your self..follow what davit said and practice..practice.practice makes you confident...
LOL! im following your invite too :-)

Its just good seeing others charts when they trade because they would see a setup completely diff to how another would
  • #8,297
  • Sep 23, 2015 2:55pm Sep 23, 2015 2:55pm
heres the trade on EU short posted earlier of the M15 chart.

Playing well so far..
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  • #8,298
  • Sep 23, 2015 4:26pm Sep 23, 2015 4:26pm
Short EA - nice TDI separation back towards the 200.
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  • #8,299
  • Sep 23, 2015 6:27pm Sep 23, 2015 6:27pm
Quoting Davit
{quote} Thanks friend! Here is a nice beer for you as well {image}
Here it is.
Attached File(s)
File Type: ex4 Heiken_AshiH_sw_mtf.ex4   5 KB | 263 downloads
  • #8,300
  • Sep 23, 2015 6:49pm Sep 23, 2015 6:49pm
EU 35 pips
EC 225 pips.

got 4 positions of UC(short). Just waiting.....
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