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  • #64,521
  • Jan 10, 2016 9:12am Jan 10, 2016 9:12am
So in the next we look to be sellers for eur/jpy, but the the trend may be due to end soon, at the monthly swing point 126.408.

Will update and complete this big picture planning tonight.

anyone with different opinions or suggestions for improvement then please let us know, I am new to this bpp and swing trading so would love opinions of the peers. it would also be nice if someone else did another pairs week planing.
It's in fear when people show what they truly value.
  • #64,522
  • Jan 10, 2016 9:36am Jan 10, 2016 9:36am
I have to do my charts all over again and after plotting this chart I notice there is a bit of a gap from the bottom to the last indicator making the chart smaller...this is driving me nuts...oh it doesn't show the gap when I post the chart..what's going on,man???
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD m5 (01-10-2016 2333).png Size: 55 KB
the cautious seldom err....C
  • #64,523
  • Jan 10, 2016 11:03am Jan 10, 2016 11:03am
Quoting ensale
So in the next we look to be sellers for eur/jpy, but the the trend may be due to end soon, at the monthly swing point 126.408. Will update and complete this big picture planning tonight. anyone with different opinions or suggestions for improvement then please let us know, I am new to this bpp and swing trading so would love opinions of the peers. it would also be nice if someone else did another pairs week planing.
EURJPY- W1 D1.. My View......Not thinking to short it at this moment. If price goes back to recent trend line area then i will be looking for reason to short it. If i am to trade it next i will look for long opportunity on lower time frame as it has reached to the previous structure.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-01-10_21-30-35EURJPY-W1_Analysis.png Size: 72 KB
Click to Enlarge Name: 2016-01-10_21-30-35EURJPY-D1_Analysis.png Size: 80 KB
Sad i'm not trying to understand PA
  • #64,524
  • Jan 10, 2016 12:10pm Jan 10, 2016 12:10pm
Quoting emmanuel7788
{quote} Hi Folks, We just started a brand new year so I suggest that you and every one new to this TMS thread give yourself a chance and trade with TMS 5-Method just like the way our late OP eelfranz aka Big E shared here in FF. For a start, you don't have to read all 64K posts. You follow the links in this post below and make sure you read all of Big E' post and his training charts first. Start forward testing with a demo trading account account in live market. Post your charts and ask questions. This is a good way to learn online and there are...

thank you very very much
see you later
mau
  • #64,525
  • Jan 10, 2016 12:42pm Jan 10, 2016 12:42pm
anyone trade this system 1m/5M ?
  • #64,526
  • Jan 10, 2016 12:51pm Jan 10, 2016 12:51pm
Quoting omonisha
{quote} EURJPY- W1 D1.. My View......Not thinking to short it at this moment. If price goes back to recent trend line area then i will be looking for reason to short it. If i am to trade it next i will look for long opportunity on lower time frame as it has reached to the previous structure. {image} {image}
Your right, should wait for a pull back to the trend line and the see if price action gives us a short. could also see if price makes a move down to support and then shows us price action to go long.
It's in fear when people show what they truly value.
  • #64,527
  • Jan 10, 2016 1:13pm Jan 10, 2016 1:13pm
Quoting alasdeaguila
anyone trade this system 1m/5M ?
I think most people find it difficult to trade tms in 15m because it requires time to learn and quicker decision making also tms gives alot of false signals or signals to be ignored in that time frame, 4hr trading is recommended because its signals are more reliable but you most look at the monthly and weekly time frames to aid your decisions.

any reason why you want to try 1m/5m time frame trading? there are ways to trade 1m/5m.
It's in fear when people show what they truly value.
  • #64,528
  • Jan 10, 2016 2:07pm Jan 10, 2016 2:07pm
well 1M/5M is bo bad for day trader special for Dax indices
  • #64,529
  • Jan 10, 2016 3:22pm Jan 10, 2016 3:22pm
Quoting rigisroni
Getting ready for DAX Short! {image}
Hey rigisroni,
you have your TDI set with some interesting settings....really shows up the volatility, or lack of it, really well. I played around with the parameters for a while and couldn't get it even close to what yours looks like. Could you post those settings here, please.
Thanks
  • #64,530
  • Jan 10, 2016 5:00pm Jan 10, 2016 5:00pm
Quoting alasdeaguila
anyone trade this system 1m/5M ?
Hello alasdeaguila,

take a look at this thread maybe you will like it.

http://www.forexfactory.com/showthread.php?t=345586

regards,
Meihk
  • #64,531
  • Jan 10, 2016 6:29pm Jan 10, 2016 6:29pm
Quoting surfclimbfly
{quote} Hey rigisroni, you have your TDI set with some interesting settings....really shows up the volatility, or lack of it, really well. I played around with the parameters for a while and couldn't get it even close to what yours looks like. Could you post those settings here, please. Thanks

the two parameters which is of importance is the RSI data period and which price you want to use.
this depends on the way you want to trade this 5-Method.

if you want to trade H4 the way our OP describe in Post#1, then use the default RSI period 13 and set to the RSI to Close price.

do not try curve fit the TDI to show in the history. it is more important to observe the Price Action of the real price bars which the RSI data is derived from.

it would help you to observe closely in live market, the behavior of the APB and the TDI respond to confirm the price action of the real price for every TMS 5-Method setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,532
  • Jan 10, 2016 6:55pm Jan 10, 2016 6:55pm
Week 02 Jan 11 to 15 2016:

Looking at the Weekly and Daily charts of 15 pairs, I see we have strong USD and strong JPY.
But we know that the market is in turmoil since it re-open on 3 Jan. Expect the unexpected.
Be prepared for market volatility which we want to see and these are opportunities to make money.
Just remember that there is a 'trend' in every timeframe we look at.
Trading is about entries and exits. The Market is always right. Get out when you are wrong.

Trade Well and Trade Safe.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,533
  • Jan 10, 2016 8:18pm Jan 10, 2016 8:18pm
Quoting alasdeaguila
anyone trade this system 1m/5M ?

this is not a system until you have done your work and make it one.

think of it this way, you buy when the D1 TDI cross up, sell when the TDI cross down.
the the market retraces after your buy or sell entry on D1.
during the D1 retracement, wait 4 hours, when the TDI on M5 cross up you buy some more, when the TDI on M5 cross down, you sell some more.
make sense?

next think of money management and how you will manage the drawdowns and how you will recover from the drawdowns.
once you figure this out, then proceed...

how to ensure that you have the discipline to trade this way.


forget about M1 TDI crosses.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,534
  • Jan 11, 2016 3:09am Jan 11, 2016 3:09am
GBPJPY-M30...Counter trade. A bounce from the DOL and Weekly low and the range broke
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-01-11_14-58-01GBPJPY-M30.png Size: 24 KB
Sad i'm not trying to understand PA
  • #64,535
  • Jan 11, 2016 3:16am Jan 11, 2016 3:16am
Quoting omonisha
GBPJPY-M30...Counter trade. A bounce from the DOL and Weekly low and the range broke {image}
Do you ever lose ;-)
Your trade order needs to be in the right place at the right time.
  • #64,536
  • Jan 11, 2016 3:19am Jan 11, 2016 3:19am
Quoting Islandfx911
{quote} Do you ever lose ;-)
Hahhaa every week
Sad i'm not trying to understand PA
  • #64,537
  • Jan 11, 2016 3:32am Jan 11, 2016 3:32am
Quoting omonisha
GBPJPY-M30...Counter trade. A bounce from the DOL and Weekly low and the range broke {image}
Very good counter trend trade omonisha.

in terms of eur/jpy, did a short time frame trade that was backed up by the analysis that we should look for buying opportunities in this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy short timeframe trade.jpg Size: 209 KB


Now price is making another retrace and they may an opportunity to go long again.

Will be doing more bpp in the coming weeks, personally will include Inside Bar IB, Bullish / Bearish Engulfing Bar, BUEB/BEEB, Bullish / Bearish Outside Bar BUOB /BEOB, Double Bars High Lower Close/ Double Bars Low Higher Close, DBHLC/DBLHC, Pin Bar / Hammer, 3-bar reversal patterns as I get accustomed to doing the bigger time frames.

One mistake I did with doing the Big picture planning is that I was doing my planning while posting so in the future I will compile my charts etc, and then post it.

Please let me know What pair we could do next and improvements we can do.
It's in fear when people show what they truly value.
  • #64,538
  • Jan 11, 2016 3:48am Jan 11, 2016 3:48am
Quoting omonisha
GBPJPY-M30...Counter trade. A bounce from the DOL and Weekly low and the range broke {image}
Nice OS took it too, 50 pips , well done
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_H1.jpg Size: 243 KB
I Have Learned to Take Some Losses to Make Profits
  • #64,539
  • Jan 11, 2016 4:43am Jan 11, 2016 4:43am
Quoting ensale
{quote} Very good counter trend trade omonisha. in terms of eur/jpy, did a short time frame trade that was backed up by the analysis that we should look for buying opportunities in this pair. {image} Now price is making another retrace and they may an opportunity to go long again. Will be doing more bpp in the coming weeks, personally will include Inside Bar IB, Bullish / Bearish Engulfing Bar, BUEB/BEEB, Bullish / Bearish Outside Bar BUOB /BEOB, Double Bars High Lower Close/ Double Bars Low Higher Close, DBHLC/DBLHC, Pin Bar / Hammer, 3-bar reversal...
Looking at BPP, I would actually take bearish position if doing position trading. Following last week's bearish bar, along with the break out of the master candle. I'm taking in more position as the retracement runs deeper. Trade cautiously when countertrending.

Attached Image (click to enlarge)
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  • #64,540
  • Jan 11, 2016 5:09am Jan 11, 2016 5:09am
Hi all,

Here are my trades from last week using ME/ME with 5 method, EUR/CAD= 960+, NZD/USD= 430+.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: January 10 2016 2.PNG Size: 70 KB
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