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(binned per thread starter's request) TMS for Newbies

  • #181
  • Mar 19, 2016 6:53am Mar 19, 2016 6:53am
Quoting ZeF
Aussie, Great idea for setting up this thread with the purpose of KISS. I'm still using your templates from last year on my occasional TMS trades and there's nothing better. For continuity's sake, you should also ban everyone who tries to "improve" TMS from posting here. Best of luck.
Quoting Lookleft
{quote} Let's keep it simple and helpful
guys - gr8 2 have ur support & expertise here
  • #182
  • Mar 19, 2016 7:31am Mar 19, 2016 7:31am
Had a lot of PMs asking 'How do you become successful trading with TMS'
In a word CONSISTENCY
Read the rules at the start of the thread and apply them in a CONSISTENT way.
Select a TF that suites you and CONSISTENTLY trade it.
Select either the 5ema or PAC and a TDI version and CONSISTENTLY use it.
Select a few pairs to trade that suite your trading session and CONSISTENTLY follow them.
Spend some time looking at charts posted by successful TMS traders (MrAussie, Lastingwell, TSS, Balistical just to name a few) and you'll notice they do the same thing on nearly every trade - they are CONSISTENT
Have a good weekend all and green pips week.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #183
  • Mar 19, 2016 8:12am Mar 19, 2016 8:12am
Quoting Lookleft
Had a lot of PMs asking 'How do you become successful trading with TMS' In a word CONSISTENCY Read the rules at the start of the thread and apply them in a CONSISTENT way. Select a TF that suites you and CONSISTENTLY trade it. Select either the 5ema or PAC and a TDI version and CONSISTENTLY use it. Select a few pairs to trade that suite your trading session and CONSISTENTLY follow them. Spend some time looking at charts posted by successful TMS traders (MrAussie, Lastingwell, TSS, Balistical just to name a few) and you'll notice they do the same...
There you go TMS traders , thats how to become consistently successful , do it the other way and u wont step further
I Have Learned to Take Some Losses to Make Profits
  • #184
  • Mar 19, 2016 8:28am Mar 19, 2016 8:28am
Quoting Lookleft
Had a lot of PMs asking 'How do you become successful trading with TMS' In a word CONSISTENCY Read the rules at the start of the thread and apply them in a CONSISTENT way. Select a TF that suites you and CONSISTENTLY trade it. Select either the 5ema or PAC and a TDI version and CONSISTENTLY use it. Select a few pairs to trade that suite your trading session and CONSISTENTLY follow them. Spend some time looking at charts posted by successful TMS traders (MrAussie, Lastingwell, TSS, Balistical just to name a few) and you'll notice they do the same...
I have to add that TMS traders are really price action traders. They do not trade the signals, they trade PA. They use TMS as the backstop and will only take signals with good price action. Big E called reading price action, "basic forex stuff".
If you are good at something, never do it for free--Joker
  • #185
  • Mar 19, 2016 9:29am Mar 19, 2016 9:29am
Great advice and a great thread. Thanks all

Quoting Lookleft
Had a lot of PMs asking 'How do you become successful trading with TMS' In a word CONSISTENCY Read the rules at the start of the thread and apply them in a CONSISTENT way. Select a TF that suites you and CONSISTENTLY trade it. Select either the 5ema or PAC and a TDI version and CONSISTENTLY use it. Select a few pairs to trade that suite your trading session and CONSISTENTLY follow them. Spend some time looking at charts posted by successful TMS traders (MrAussie, Lastingwell, TSS, Balistical just to name a few) and you'll notice they do the same...
  • #186
  • Mar 19, 2016 4:06pm Mar 19, 2016 4:06pm
Quoting billsmith
i was trawling the forum and i found the below thread, the first few pages illustrate good and bad TDI crosses very well, after that it goes awol!!!!!!!! He doesn't follow our TMS method like we do. http://www.forexfactory.com/showthread.php?t=511468 this post was most enlightening http://www.forexfactory.com/showthre...76#post7846676 (http://www.forexfactory.com/showthread.php?p=7846676#post7846676) i have put it into PDF for easy printing hopefully this will start to come second nature for all us newbies {image}...
Very helpful indeed. Thanks !
Live life king size !
  • #187
  • Mar 19, 2016 4:25pm Mar 19, 2016 4:25pm
I started with the 3000+ page TMS thread and was absorbing in Big E's method which I now understand is quite aggressive.
Moving to this thread I had to re-orient my thinking not to mention add the MBL to the equation.
But I am now feeling comfortable with this "more" conservative approach as it provides a lot of flags before the go ahead.

Thank you all for your time and sharing your experience.
I hope to share some charts in the coming weeks.

Nice weekend all
Live life king size !
  • #188
  • Mar 19, 2016 7:49pm Mar 19, 2016 7:49pm
Quoting griffinssoul
{quote} ur idea is correct .... but! .... the RSI indi cannot tell u when the market is really 'oversold' [depends on how u define this - not in the market auction sense] or 'overbought' - wat usually happens is PA will 'extend' beyond ur entry [ur entry @ cross below 32 level] and take out ur SL at the pivot low [typical place] .... u may then see divergence form on the retrace/change of trend .... again we come back to the rules of this thread - can u see why they r so important set & drill - practice practice practice [on demo ]...
Griffinsoul - thanks for your insight! Much appreciated.
  • #189
  • Mar 19, 2016 8:06pm Mar 19, 2016 8:06pm
Quoting foxtrader16
I started with the 3000+ page TMS thread and was absorbing in Big E's method which I now understand is quite aggressive. Moving to this thread I had to re-orient my thinking not to mention add the MBL to the equation. But I am now feeling comfortable with this "more" conservative approach as it provides a lot of flags before the go ahead. Thank you all for your time and sharing your experience. I hope to share some charts in the coming weeks. Nice weekend all

To be conservative does not mean that we go back to and trade the old Synergy model.

Read post#261 what Big E said about the TDI.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E Post_261.png Size: 106 KB


There are other aspects of trading which you can be conservative and yet can achieve CONSISTENT profitable trade results week after week.

Do yourself a favour and read what I posted on being conservative:

Attached Image (click to enlarge)
Click to Enlarge Name: conservative FF search 103 posts.png Size: 80 KB


When you want to see CONSISTENT trade results, here is mine for Week 11 and you can track back the previous weeks links.

http://www.forexfactory.com/showthread.php?p=8821901#post8821901


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #190
  • Mar 20, 2016 1:51pm Mar 20, 2016 1:51pm
Quoting emmanuel7788
{quote} To be conservative does not mean that we go back to and trade the old Synergy model. Read post#261 what Big E said about the TDI. {image} There are other aspects of trading which you can be conservative and yet can achieve CONSISTENT profitable trade results week after week. Do yourself a favour and read what I posted on being conservative: {image} When you want to see CONSISTENT trade results, here is mine for Week 11 and you can track back the previous weeks links. http://www.forexfactory.com/showthread.php?p=8821901#post8821901...
Thanks Emmanuel. I have no intention of trading the old Synergy method.
I will have to go through your posts as I could see there is a lot to be gleaned off

Much appreciated !
Live life king size !
  • #191
  • Mar 20, 2016 9:22pm Mar 20, 2016 9:22pm
GM everyone,

Attached Image (click to enlarge)
Click to Enlarge Name: AU Daily edited.png Size: 200 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AU H4 edited.png Size: 229 KB


Kindest regards
  • #192
  • Edited 10:25pm Mar 20, 2016 10:07pm | Edited 10:25pm
Quoting MrAussieFX
GM everyone, {image} {image} Kindest regards

Hello MrAussieFX,
Thank you for posting your educational charts.
I do have a question....
On the AU D1 the TDI green has just entered the VB, indicating a sideways market, and this is also confirmed by the WRB.
What factor if any did this have in your trading decision?
Thank you.
"Summer grasses, are all that remains of soldiers' dreams" - Matsuo Basho
  • #193
  • Mar 20, 2016 10:36pm Mar 20, 2016 10:36pm
Hi Guys;

I went wrong in this trade? to me it seemed like a great opportunity .. what do you think?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 86 KB
Best Regards! DaniP.
  • #194
  • Mar 20, 2016 10:48pm Mar 20, 2016 10:48pm
Quoting DaniP
Hi Guys; I went wrong in this trade? to me it seemed like a great opportunity .. what do you think? {image}
Hi DaniP,
This is based on a novices observation.
The TDI cross looks a bit flat, but green is sloping 4/6, possible negative, it's above the MBL and not quite on the between 50/32. To me also, looks like a choppy sideways market.
We'll let the experts correct me on this.
"Summer grasses, are all that remains of soldiers' dreams" - Matsuo Basho
  • #195
  • Mar 21, 2016 12:04am Mar 21, 2016 12:04am
Quoting DaniP
Hi Guys; I went wrong in this trade? to me it seemed like a great opportunity .. what do you think? {image}
When checking out the TDI for a possible trade: Think of a wall clock here and it's arms... you want to see the green line for a long trade at the 12-2 angle for best results and a short trade at a 4-6 angle... This is basic 4x stuff... Don't try to read things into the TDI just so you can get into a trade...
If the green line looks like it's at a 2-4 angle... it's weak. Pass on it.
This holds true for PA too for best results...
Attached Image (click to enlarge)
Click to Enlarge Name: What went wrong..png Size: 107 KB
If you are good at something, never do it for free--Joker
  • #196
  • Mar 21, 2016 3:01am Mar 21, 2016 3:01am
Quoting DaniP
Hi Guys; I went wrong in this trade? to me it seemed like a great opportunity .. what do you think? {image}
.....wat do u mean by 'wrong'?
  • #197
  • Mar 21, 2016 6:42am Mar 21, 2016 6:42am
I recommend people sticking to the 4hrs as tdi can give nice angled crosses and price is clearly crossing ema, the 1hr is more advanced and there more to it e.g following trend, angle of tdi etc but for newbies looking at 4hr and trading crosses either with trend (recommended) or counter trend u can't go wrong and 1 more thing losses do happen so don't give up
  • #198
  • Mar 21, 2016 7:15am Mar 21, 2016 7:15am
Quoting trade786
I recommend people sticking to the 4hrs as tdi can give nice angled crosses and price is clearly crossing ema, the 1hr is more advanced and there more to it e.g following trend, angle of tdi etc but for newbies looking at 4hr and trading crosses either with trend (recommended) or counter trend u can't go wrong and 1 more thing losses do happen so don't give up
If you trade H1 or H4 the rules are the same as set out below from post #4 by MrAussie

Entry and Exit Rules

Entry: APB/PA 1st or 2nd candle entry is best if they are travelling out of PAC or moving away from MA's...Following the higher TF trend and TDI showing a cross between
12- 2 clock hands or 4-6 clock hands (See chart below)

Exit: Exit could be at confluence zone, previous S/R, TDI hook, TDI cross red...There is no hard and fast rule to exit your trade as most of the time TDI hook back for an hour and then start moving in the original direction...Use your intuition, experience and knowledge when to exit your trade
Never argue with a fool; onlookers may not be able to tell the difference.
  • #199
  • Mar 21, 2016 7:16am Mar 21, 2016 7:16am
Quoting scarlet pipe
{quote} If you're referring to the green session box indi TSS has on his chart, here it is Bill. {file} {file}
thank you
Fib(onacci) my way to glory
  • #200
  • Mar 21, 2016 7:28am Mar 21, 2016 7:28am
Quoting griffinssoul
{quote} .....wat do u mean by 'wrong'?




I meant if I went wrong in the trade.




Quoting Wokou
{quote} Hi DaniP, This is based on a novices observation. The TDI cross looks a bit flat, but green is sloping 4/6, possible negative, it's above the MBL and not quite on the between 50/32. To me also, looks like a choppy sideways market. We'll let the experts correct me on this.


Quoting jmn5611
{quote} When checking out the TDI for a possible trade: Think of a wall clock here and it's arms... you want to see the green line for a long trade at the 12-2 angle for best results and a short trade at a 4-6 angle... This is basic 4x stuff... Don't try to read things into the TDI just so you can get into a trade... If the green line looks like it's at a 2-4 angle... it's weak. Pass on it. This holds true for PA too for best results... {image}

thanks for the tips boys, I was lucky then at my entrance, I took 58 pips. ^^
Best Regards! DaniP.
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