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TMS Momentum Trading

  • #21
  • Mar 12, 2016 7:23am Mar 12, 2016 7:23am
please increase your volume in video and thanks for your presentation
stay cool when trade begins
  • #22
  • Mar 12, 2016 11:10am Mar 12, 2016 11:10am
Quoting rajkumar3192
please increase your volume in video and thanks for your presentation
thx rajkumar3192 for feedback. will try to get a better sound quality and higher volume next time.
Achieving your goals is only a matter of mental strength
  • #23
  • Mar 12, 2016 12:50pm Mar 12, 2016 12:50pm
Weekly summary:

Closed 19 Trades this week (some are still open) for a profit of 0,49%

Winners: 8
Loosers: 11

Open trades 9 (5 Stocks, 4 FX)

at the moment the open trades are at around +2% in total.

What I am not satisfied with that 1 lost 1,4% with 1 trade. should not have happend. I did not increase the SL when I was in the trade. Basically my trading software adjusts the size of the position precisely so I need to figure out what went wrong.

Positive is that at least it was a little profit.

Attached Image (click to enlarge)
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Achieving your goals is only a matter of mental strength
  • #24
  • Mar 12, 2016 7:09pm Mar 12, 2016 7:09pm
Hi DowHow1807!

is your template available fot mt4 too? could you post a list and links to the indicators you use in you first post?

Have almost all of them already, but not with the same settings and can't find the T3 (13) and instead using Momentum (13) ex4.

Thank you very much.

geol13
Carpe Diem
  • #25
  • Edited 3:56am Mar 13, 2016 3:44am | Edited 3:56am
hi geol13,

unfortunately I am not using MT4. So I am sry but I do not have a template.

In Main window I am using the following indicators:

EMA 10, 50, 100, 200 , 800 as dynamic S/R levels

2nd window is the TDI (heres a link to the original TMS thread where the TDI should be available http://www.forexfactory.com/showthread.php?t=291622 )

the last indicator was "built" by me, I wanted to have a momentum indicator and I wanted to sync it to the TDI (which basically uses an SMA of a RSI(13,3)

I wanted to have it smoothed out as well and tried different moving averages, for me it turned out that the T3 smoothing worked best but I am quite sure that
other moving averages will show very similar results.

I found a source for a MT4 T3 indicator here in FF. I hope that it will work out for u. Maybe some good coders here could help u out to modify it.

T3 indicator with values (3,3, 0.7) input --> Momentum indicator with value 13 --> input RSI values (13,3, on the close of the candle)

http://www.forexfactory.com/showthread.php?t=496965

As well here is a link to a 1-2-3 pattern indicator. I think it could be similar to the one I am using to indicate the Trend and ongoing retracements.

I never tried it but maybe it will help you.

http://www.best-metatrader-indicator...ern-indicator/
Achieving your goals is only a matter of mental strength
  • #26
  • Mar 13, 2016 4:28am Mar 13, 2016 4:28am
I just want to show you a loss trade.

It did not fail because tof the strategy, I should not have been in the trade at all because there was no setup. ATM this happens to me still too often because
I try to be in the market early to get a short SL and a good Reward:Risk ratio.

I need to work on my patience to wait for the signal.

I enterd short on the opening candle of 9th march because TDI hooked and I assumed that it would start to turn there . SL was just right above the last high a few candles back. Got knocked out at the same day for a loss of 0,5%

Why shouldn't I have been in the trade. HA candle was still white, TDI did not cross down, Momentum was only flat it was not negative.

Making entries into the market based on assumptions and not based on the rules that u have created will just result in losses. Occasionlly there will be lucky winners but thats just like playing the lottery.

How will I continue in this pair? Retracement is still ongoing. PA between EMA 100 + 200. The last time it bounced of the EMA200. So I still have the AUDJPY on my Watchlist for short entries. The next time I will be more patient.
Attached Image (click to enlarge)
Click to Enlarge Name: 160313 AUDJPY 1 Day Trade Recap.png Size: 142 KB
Achieving your goals is only a matter of mental strength
  • #27
  • Mar 13, 2016 4:44am Mar 13, 2016 4:44am
Hi Dow!

what settings do you use for the TDI?

I use the ones in the picture. What are your levels? 80-20, 70-30?

The 1-2-3 indicator you showed has also a fib installed! How great! thank you!

I used a zig-zag pattern and 2 times installed it: the second time with another setting, to show me the secondary trend (1/2 of it)

Also, the support-resistance indicator you use is (i guess) found here: http://www.forexfactory.com/showthread.php?t=217293 post7.

I don't know your settings for this though too.

Thanks again!
Attached Image
Carpe Diem
  • #28
  • Mar 13, 2016 4:55am Mar 13, 2016 4:55am
Quoting DowHow1807
I just want to show you a loss trade. ...... The next time I will be more patient. {image}
Based on my very very little experience what I would do would be:

wait to see if there will be any divergenve among the three. I see that there is some bear power in the latest cadle, so wait for the coming days to show. On the next red candle close I would look for divergences and expect price to bounce on the 200EMA. We're still in the half-resistance zone.
Carpe Diem
  • #29
  • Edited 6:40am Mar 13, 2016 5:33am | Edited 6:40am
Quoting geol13
Hi Dow! what settings do you use for the TDI? I use the ones in the picture. What are your levels? 80-20, 70-30? The 1-2-3 indicator you showed has also a fib installed! How great! thank you! I used a zig-zag pattern and 2 times installed it: the second time with another setting, to show me the secondary trend (1/2 of it) Also, the support-resistance indicator you use is (i guess) found here: http://www.forexfactory.com/showthread.php?t=217293 post7. I don't know your settings for this though too. Thanks again! {image}
hi geol,

these are the same settings I use for TDI.

I do not display the Levels. If TDI Price Line is coming back from above 70 basically should be good for short postions and vice versa if it is coming back from below 30 for long trades. I would expect a stronger movement the closer it has been to 0 or 100 before that.

I do not use the sup/res indicator that you mentioned. The red filled area is painted my my 1-2-3 indicator. In an active downtrend (last point 2 has been broken) it marks the area between the last point 2 and 3 with red, vice versu with green in an uptrend. see screenshot
Attached Image (click to enlarge)
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Achieving your goals is only a matter of mental strength
  • #30
  • Mar 13, 2016 5:35am Mar 13, 2016 5:35am
Quoting geol13
{quote} Based on my very very little experience what I would do would be: wait to see if there will be any divergenve among the three. I see that there is some bear power in the latest cadle, so wait for the coming days to show. On the next red candle close I would look for divergences and expect price to bounce on the 200EMA. We're still in the half-resistance zone.
best think would be pick different forex pairs, go back in the chart search for the kind of setup make some screenshots and explain it using the screenshots.

so I will get a better understanding what u are planning to do and will try and give u my thoughts based on that.
Achieving your goals is only a matter of mental strength
  • #31
  • Mar 13, 2016 6:57am Mar 13, 2016 6:57am
this is not a live trade, but can be used as an example i guess:

8/3/2016 5:00 to 8/3/2016 17:00 we see a triple divergence: main chart, TDI and Momentum on the H1 chart. We get ready and let go short when the green line crosses both the red and the yellow line on the TDI chart. So from 17:00 and on we could be looking for the best possible entry in the lower TFs.

divergence.png

This can be done in the M5 timeframe shown below:

entry M5.png

where we have two entry options shown with light green vertical lines while in the M15 TF there is one entry option in btween the two in the M15 TF.
Attached Image(s) (click to enlarge)
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Carpe Diem
  • #32
  • Last Post: Mar 13, 2016 8:26am Mar 13, 2016 8:26am
Quoting geol13
this is not a live trade, but can be used as an example i guess: 8/3/2016 5:00 to 8/3/2016 17:00 we see a triple divergence: main chart, TDI and Momentum on the H1 chart. We get ready and let go short when the green line crosses both the red and the yellow line on the TDI chart. So from 17:00 and on we could be looking for the best possible entry in the lower TFs. divergence.png This can be done in the M5 timeframe shown below: entry...

so basically I agree with what you have outlined. the only thing that I would be careful in this situation is that on the 1H chart there was a uptrend back then. (see screenshot)

So you just need to be aware that u would trade the retracement of the 1h trend. So the movement migth be not that strong and long.

It would not be one of my premium setups but still some pips to get from the market.

On the lower timeframes you have to be aware not to trade close to news time. If there is an important news release scheduled try to stay out as the volatilty can easily take you out of the trade with big candles hitten your SL just to see the market run into your direction again afterwards.

I hope you can follow my thougths.

PS: the grid that you are using in ur chart seems to steal focus of the important information in your chart. I find the chart easier to read the cleaner it is.
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