(binned per thread starter's request) TMS for Newbies | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

TMS for Newbies Part 2 1,120 replies

Help for Newbies (Discussion Thread) 675 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

PA patterns with TMS system 45 replies

Polapip The Meandering System (TMS) 29 replies

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

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

  • #261
  • Mar 22, 2016 9:46am Mar 22, 2016 9:46am
Quoting MrAussieFX
{quote} Yes Bill, It was around 78 pips but I believe this PIPS term is one of those terms that turns most of the learning threads into a PIP COMPETITION THREADS and traders start taking unnecessary trades just to increase their pip value. Just dragging the trade from MT4 onto the chart is good enough representation on of a winning trade or a losing trade or the best is Risk to Reward. Kindest reagrds
sorry - won't do that again - it's not just forex trading where i learn from my mistakes
i had my risk reward at 1:2
Fib(onacci) my way to glory
  • #262
  • Mar 22, 2016 9:52am Mar 22, 2016 9:52am
Quoting MrAussieFX
GJ H4 Trade This wasn't one of the best trade setups but once I was in the trade...TDI gave me no reason to kill the trade and I believe news just pushed the price lower. {image} {image} Kindest regards
Thank you for sharing these charts and all the time and effort you put into this thread, Mr. Aussie.

My questions:
What do you mean by "at previous structure"?
Also, by the time you closed the trade, Was Green already below Red? And if so, why did you close it?

Best regards
  • #263
  • Mar 22, 2016 10:04am Mar 22, 2016 10:04am
If you are sitting in front of your PC more than 8 hrs and jumping in and out of trades...You'll probably get your self TRADEACHE.

If you have time to trade TMS and you are serious about seeing some good results this is what I would suggest you start doing from tomorrow and you'll see the improvement in your trading within 2 months from now.

Attached Image (click to enlarge)
Click to Enlarge Name: GU London session.png Size: 258 KB


Kindest regards
  • #264
  • Mar 22, 2016 10:10am Mar 22, 2016 10:10am
awesome explanation mr Aussie you can't make it simpler than that just stick these rules on a piece of paper by your screen until it becomes 2nd nature
  • #265
  • Mar 22, 2016 10:20am Mar 22, 2016 10:20am
V. good Mr aussieFX - will print
about eurusd - still waiting to see if anything come of this PA
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 50 KB
Fib(onacci) my way to glory
  • #266
  • Mar 22, 2016 10:30am Mar 22, 2016 10:30am
Quoting MrAussieFX
{quote} Hi MBT, I would really appreciate if you could stick to the clean templates discussed on 1st page this will help others understand your charts more clearly and avoid unnecessary questions on the thread. Kindest regards
No problem but it is basically only the pink guppys that are added. Everything else is just like the clean template+ support and resistance lines.
Unfornately I can only trade with this mobile app and it looks a bit different to mt4 but i hope this is no problem.

Thank you.
Mbt.
  • #267
  • Mar 22, 2016 10:37am Mar 22, 2016 10:37am
Quoting po-veteru
{quote} Thank you for sharing these charts and all the time and effort you put into this thread, Mr. Aussie. My questions: What do you mean by "at previous structure"? Also, by the time you closed the trade, Was Green already below Red? And if so, why did you close it? Best regards
Most of the times when your not so good entry turns into a profitable trade its best to close it with profits and wait for another good setup that you should feel proud of.
This was one of those not so good entry for me.

Yellow areas on the chart below are structure zones / confluence zones, These are the areas price respect and need some push (news events etc.) to get through. Once price go past these areas we wait for the price to come back and retest these areas and see if it holds, if so we take our trade entry.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ H4 structure.png Size: 173 KB


To answer the second part of your question, let me post a candlestick chart below

Attached Image (click to enlarge)
Click to Enlarge Name: GJ H4 230316.png Size: 181 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GJ Daily 230316.png Size: 201 KB


Kindest regards
  • #268
  • Mar 22, 2016 11:01am Mar 22, 2016 11:01am
how much lower can tdi get???? PA has broken support but not closed under support -
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 48 KB
Fib(onacci) my way to glory
  • #269
  • Mar 22, 2016 11:19am Mar 22, 2016 11:19am
[quote=MrAussieFX;8829589]{quote} Most of the times when your not so good entry turns into a profitable trade its best to close it with profits and wait for another good setup that you should feel proud

Thank yo so much!

It all makes sense now.

Best regards
  • #270
  • Mar 22, 2016 11:28am Mar 22, 2016 11:28am
Quoting MrAussieFX
GJ H4 Trade This wasn't one of the best trade setups but once I was in the trade...TDI gave me no reason to kill the trade and I believe news just pushed the price lower. {image} {image} Kindest regards
Textbook...thank you for sharing!
"Summer grasses, are all that remains of soldiers' dreams" - Matsuo Basho
  • #271
  • Mar 22, 2016 11:36am Mar 22, 2016 11:36am
Quoting MrAussieFX
{quote} Yes Bill, It was around 78 pips but I believe this PIPS term is one of those terms that turns most of the learning threads into a PIP COMPETITION THREADS and traders start taking unnecessary trades just to increase their pip value. Just dragging the trade from MT4 onto the chart is good enough representation on of a winning trade or a losing trade or the best is Risk to Reward. Kindest reagrds
Agreed...other TMS threads it's "who's got the biggest pips" competition. It is nothing but EGO flashing!!

In my opinion, this serves no teaching/learning purpose for the beginners! If anything, it is detrimental to the newbie; causing frustration, urgency in trading, over trading, and discouragement.

My 2 cents.
"Summer grasses, are all that remains of soldiers' dreams" - Matsuo Basho
  • #272
  • Mar 22, 2016 12:07pm Mar 22, 2016 12:07pm
Quoting Wokou
{quote} Agreed...other TMS threads it's "who's got the biggest pips" competition. It is nothing but EGO flashing!! In my opinion, this serves no teaching/learning purpose for the beginners! If anything, it is detrimental to the newbie; causing frustration, urgency in trading, over trading, and discouragement. My 2 cents.
Not all TMS threads are like that, Likica's tms thread, you can learn a lot from it if you study the charts she posts and listen to her helping others.
  • #273
  • Mar 22, 2016 1:07pm Mar 22, 2016 1:07pm
Quoting lastingwell
{quote}Not all TMS threads are like that, Likica's tms thread, you can learn a lot from it if you study the charts she posts and listen to her helping others.
I never said "all", I meant specifically Trading Made Simple, AKA: ME/ME thread
"Summer grasses, are all that remains of soldiers' dreams" - Matsuo Basho
  • #274
  • Mar 22, 2016 1:07pm Mar 22, 2016 1:07pm
Quoting Wokou
{quote} Agreed...other TMS threads it's "who's got the biggest pips" competition. It is nothing but EGO flashing!! In my opinion, this serves no teaching/learning purpose for the beginners! If anything, it is detrimental to the newbie; causing frustration, urgency in trading, over trading, and discouragement. My 2 cents.
Your emotions are and will be your biggest enemy,along with the tendency to "see things which are not there" (i.e. weak setups). If you identified that you are vulnerable to be influenced by random names on a forum, learn to ignore users and filter through with your "ignore" tool. To avoid weak setups, you must have rules - and respect them. For all of this, you need to control your emotions and have discipline.
That will come with time. It took me a year.
Best regards, Zef
  • #275
  • Mar 22, 2016 1:25pm Mar 22, 2016 1:25pm
Quoting ZeF
{quote} Your emotions are and will be your biggest enemy,along with the tendency to "see things which are not there" (i.e. weak setups). If you identified that you are vulnerable to be influenced by random names on a forum, learn to ignore users and filter through with your "ignore" tool. To avoid weak setups, you must have rules - and respect them. For all of this, you need to control your emotions and have discipline. That will come with time. It took me a year.
ZeF,
You are correct, very insightful.
"Summer grasses, are all that remains of soldiers' dreams" - Matsuo Basho
  • #276
  • Mar 22, 2016 1:27pm Mar 22, 2016 1:27pm
Quoting Wokou
{quote} I never said "all", I meant specifically Trading Made Simple, AKA: ME/ME thread
Apologies if I misunderstood, totally agree with you
  • #277
  • Edited 3:01pm Mar 22, 2016 1:51pm | Edited 3:01pm
Quoting Wokou
{quote} Agreed...other TMS threads it's "who's got the biggest pips" competition. It is nothing but EGO flashing!! In my opinion, this serves no teaching/learning purpose for the beginners! If anything, it is detrimental to the newbie; causing frustration, urgency in trading, over trading, and discouragement. My 2 cents.
Hi Wokou

If anyone is pushed to ovetrade because he/she sees others doing it and you are not able because you lack the skill level.Instead of being frustrated that should be a motivation to get better.
Its not ego if trades are actual trades. Me and Griffinsoul post many trades with lots of pips (in fact I closed over 570 pips in 24hrs) and that only motivates me further.I regularly play chess in fact my rating was 1200 last year and now is 1700 without much study of theory.Only way I got better by playing better players!
Attitude is key.Anyone who posts winning trades it motivates me irregardless who and what reason.You are responsible for your learning meaning don't expect "teachers" spoon feeding you! Its your responsibility.
Most times charts alone tell what the person was thinking and that alone is enough.In the end only truly motivated succeed in this venture which is brutal!
Regards
In trading, you have to be defensive and aggressive at the same time
  • #278
  • Mar 22, 2016 2:53pm Mar 22, 2016 2:53pm
remember everyone to ask questions and post charts, that way you will get advice from Mr AussieFX and the more experienced traders
Fib(onacci) my way to glory
  • #279
  • Mar 22, 2016 3:30pm Mar 22, 2016 3:30pm
Hi guys, long time lurker, first time poster. Been studying this method for awhile (few months). Saw this setup earlier today and took it (at the red line). So far it's all green pips. If anyone has time and can look at this just to give feedback, I would greatly appreciate it. Just want to make sure I am doing this correctly. Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB
  • #280
  • Mar 22, 2016 7:51pm Mar 22, 2016 7:51pm
Quoting foxtrader16
{quote} Hi Mr. Emm, I have noticed this difference and have found myself in quandary. In fact this has made me hesitant about pulling the trigger. I think the MBL is indeed helpful while the TDI Red Green (Big E) is much more clean and definitive. Is it possible to include the MBL with the TDI Red Green ?

Hi,

Yes, you just need to go to the indicator properties and change the colour options.

Attached Image (click to enlarge)
Click to Enlarge Name: TDI Red Green properties.png Size: 27 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
0 traders viewing now