Hey guys,
I just recently received this in my inbox:
Hi,
Trust you are well and thanks for putting on the forum the tips for HTM trading.
I started LIVE few days ago and using TMS method. After months of demo, i found trading positively, very positively, using TMS on HTM. I have few questions if you don't mind:
- To enter the trade, i see that the cycle is very important and got to understand it clearly after reading your post. However, which time frame would you use to take the trade if you use Monthly, Weekly time frame?
- I most of the time put a SL for security reason but noticed that the trade takes me out before end of week or month. What is the recommended SL for monthly and weekly time frame?
- What would suggest for SL and TP on MN and WK?
Trust you would happy to support a fellow trader...
Many thanks,
Joe
Here is my response:
Hi there Joe,
-TMS allows you to enter your trades up to the 30 min. But in my experience, i've seen positive equity up to the 4h with TMS.
-My method is based on monetary policy, meaning i will only take trades in the direction of the central banks projections.
-For me, i'll put a trade in on the daily or 4h at the lowest, but in the direction of policy. If you read my thread a bit closer, you'll notice i use the 2 period lwma on the MN. This can also be represented as the 240 lwma on the 4h TF. This line represents monetary policy.
-You will have DD at least 80% of the time. You just have to sit through it and also make sure you have enough equity to hold your trades when it happens. However, if you get into a trade as it's going with monetary policy, then your DD will be considerably less. Say you see the USDJPY going short right ? Jump to a 4h and wait for it to go long.. Then look for your signal from TMS and jump in short at the high end of this correction. This will give you a nice 60% advantage almost every single time.
-Do not put a stop loss on your trades. It will get hit 98% of the time. This is because there are quite a few algorithms in the banks systems, the brokers systems, and all over the place. They tell each other automatically who's accounts are within margin call, who's got stop losses and where exactly you put your SL, TP, etc..
They know exactly what you do all the time and if you aren't in the same direction as they are, then you will get screwed. The robots (algorithms) they model are targeted at retail traders. Regulators set the brokers and bank influence to about 200 pips a week. This means that they can move the market in any direction they want ( even team up with other brokers or banks) up to 200 pips within 1 week.
They each have around a 200 pip influence on the market. They can drop price against themselves and YOU up to a couple hundred pips and not hurt their own trades. So never put a stop loss. They will find your ass and kill you. Also make sure you are in the right direction(monetary policy) else you will be eaten alive.
Hope that's enough info. Let me know if you need any more help
Josh
I just recently received this in my inbox:
Hi,
Trust you are well and thanks for putting on the forum the tips for HTM trading.
I started LIVE few days ago and using TMS method. After months of demo, i found trading positively, very positively, using TMS on HTM. I have few questions if you don't mind:
- To enter the trade, i see that the cycle is very important and got to understand it clearly after reading your post. However, which time frame would you use to take the trade if you use Monthly, Weekly time frame?
- I most of the time put a SL for security reason but noticed that the trade takes me out before end of week or month. What is the recommended SL for monthly and weekly time frame?
- What would suggest for SL and TP on MN and WK?
Trust you would happy to support a fellow trader...
Many thanks,
Joe
Here is my response:
Hi there Joe,
-TMS allows you to enter your trades up to the 30 min. But in my experience, i've seen positive equity up to the 4h with TMS.
-My method is based on monetary policy, meaning i will only take trades in the direction of the central banks projections.
-For me, i'll put a trade in on the daily or 4h at the lowest, but in the direction of policy. If you read my thread a bit closer, you'll notice i use the 2 period lwma on the MN. This can also be represented as the 240 lwma on the 4h TF. This line represents monetary policy.
-You will have DD at least 80% of the time. You just have to sit through it and also make sure you have enough equity to hold your trades when it happens. However, if you get into a trade as it's going with monetary policy, then your DD will be considerably less. Say you see the USDJPY going short right ? Jump to a 4h and wait for it to go long.. Then look for your signal from TMS and jump in short at the high end of this correction. This will give you a nice 60% advantage almost every single time.
-Do not put a stop loss on your trades. It will get hit 98% of the time. This is because there are quite a few algorithms in the banks systems, the brokers systems, and all over the place. They tell each other automatically who's accounts are within margin call, who's got stop losses and where exactly you put your SL, TP, etc..
They know exactly what you do all the time and if you aren't in the same direction as they are, then you will get screwed. The robots (algorithms) they model are targeted at retail traders. Regulators set the brokers and bank influence to about 200 pips a week. This means that they can move the market in any direction they want ( even team up with other brokers or banks) up to 200 pips within 1 week.
They each have around a 200 pip influence on the market. They can drop price against themselves and YOU up to a couple hundred pips and not hurt their own trades. So never put a stop loss. They will find your ass and kill you. Also make sure you are in the right direction(monetary policy) else you will be eaten alive.
Hope that's enough info. Let me know if you need any more help
Josh
thank you!!
