Sorry for the latest post. I meant MT4 free and simple trading simulator.
- #67,423
- Mar 24, 2016 5:05pm Mar 24, 2016 5:05pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #67,425
- Mar 24, 2016 5:10pm Mar 24, 2016 5:10pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #67,426
- Mar 24, 2016 5:33pm Mar 24, 2016 5:33pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #67,429
- Mar 25, 2016 1:23am Mar 25, 2016 1:23am
Dear Emmanuel,
this is my 20th day trading TMS 4H and i have achieved results which i have never been able to do in the past 8 years trading. however, i still believe that i have an issue with exiting too early as many times i close the trade on the 2nd or 3rd candle, and then the race continues to 7th or 8th candle with me just watching all those pips that i could have gained if i stayed in
what are the best practices in your opinion? just train myself more to be more disciplined and hold on to as many candles as possible? or close half the position on X number of pips and let others continue? or just keep doing what im doing as long as its being profitable so far?
i know that probably ME/ME is a solution for that but i prefer not to trade with it yet until im more capable with the basic rules first
thanks alot for all your wise posts which made me a better trader
this is my 20th day trading TMS 4H and i have achieved results which i have never been able to do in the past 8 years trading. however, i still believe that i have an issue with exiting too early as many times i close the trade on the 2nd or 3rd candle, and then the race continues to 7th or 8th candle with me just watching all those pips that i could have gained if i stayed in
what are the best practices in your opinion? just train myself more to be more disciplined and hold on to as many candles as possible? or close half the position on X number of pips and let others continue? or just keep doing what im doing as long as its being profitable so far?
i know that probably ME/ME is a solution for that but i prefer not to trade with it yet until im more capable with the basic rules first
thanks alot for all your wise posts which made me a better trader
- #67,432
- Mar 25, 2016 4:17am Mar 25, 2016 4:17am
Dear Emmanuel, this is my 20th day trading TMS 4H and i have achieved results which i have never been able to do in the past 8 years trading. however, i still believe that i have an issue with exiting too early as many times i close the trade on the 2nd or 3rd candle, and then the race continues to 7th or 8th candle with me just watching all those pips that i could have gained if i stayed in
Glad to see you have had success with the TMS method.
Until you gain more experience, closing part of your position at you estimated TP and allowing the rest to run is a good method. You could use something like Cavemanager that will automatically move your S/L to BE, close part of you trade at a set point, and set a trailing S/L behind the previous candle. You could also use the CM function to move the TP ahead of current price.
The main thing is to look at the trades that ran and learn why they ran to that point.
Remember, as has been stated here, ME/ME is for active TMS traders with 3 to 5 years experience.
Never argue with a fool; onlookers may not be able to tell the difference.
Swing High / Swing Low .... How do we identify them when we trade TMS 5-Method? here is one page taken out of my own study notes. these 5-bars pattern can be seen in all different timeframes. there are also other 5-Method reversal patterns ... which we can take the trade setups using APB#1 and #2 candles. they all have to do with 'big candles' and 'small candles', when PA is 'flat', 'resting', etc. {image}
i want to clear my head about swing 5-bar pattern
according your tutorial "how to define swing high-low in simple way"
this is include to 5-bar pattern?
Joining The 10%
- #67,434
- Mar 25, 2016 5:10am Mar 25, 2016 5:10am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #67,435
- Mar 25, 2016 6:31am Mar 25, 2016 6:31am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Synergy APB
a simple search with forexfactory
From THV system, final edition
http://www.forexfactory.com/showthread.php?t=127271
There are five primary signals that identify trends and buying opportunities:
Positive candles (blue) containing no wicks: There is strong uptrend momentum in the session and it will likely continue. Here, the trader will have a hands-off approach to profits while strongly considering adding on to the position. Positive candles with no lower "shadows" indicate a strong uptrend: let your profits ride!
Positive candles (blue) containing shadows or wicks: Strength continues to support the price action higher. At this point, with upside potential still present, the investor will likely consider the notion of adding to the overall position.
A smaller candle body with longer wicks: Similar to the doji candlestick formation, this candle suggests a near-term turnaround in the overall trend. Signaling indecision, market participants are likely to wait for further directional bias before pushing the market one way or the other. Traders following on the signal will likely prefer confirmation before initiating any positions.
Negative candles (red) containing shadows or wicks: Weakness or negative momentum is supporting the price action lower in the market. As a result, traders will want to begin exiting initial long positions or selling positions at this point.
Negative candles (red) containing no shadows or wicks: Selling momentum is strong and will likely support a move lower in the overall decline. As a result, the trader would do well to add to existing short holdings.
changed green to blue
Quoting nijemho
Dear Emmanuel, this is my 20th day trading TMS 4H and i have achieved results which i have never been able to do in the past 8 years trading. however, i still believe that i have an issue with exiting too early as many times i close the trade on the 2nd or 3rd candle, and then the race continues to 7th or 8th candle with me just watching all those pips that i could have gained if i stayed in what are the best practices in your opinion? just train myself more to be more disciplined and hold on to as many candles as possible? or close half the...
Well nijemho
you are in the same boat as many other trades and that is FEAR
We have lost so many times that when we do have a winner we are anguish not to lose and take profit to early
and when we have a loser we hold on to it until the bitter end (margin call) hoping the trend will move our way
had you done (home work) and remembered Big E lecture on APB
which is nicely summarized (in THV) would you still look at pips slipping away
Been there Got the T-shirt and washed the car with the t-shirt
Wish I can follow my own advise but eeshes the excitement of WOW a winning trade - all homework is forgotten
Lessen learn - become a emotionless trader == No fear, No excitement, No nothing = Look Analyze = close / open trade
Have read response to your questions and its is good advice
Now ask this what would Big E advice been
Big E comments.pdf
http://www.forexfactory.com/attachme...E+comments.pdf
as an example... it's no big deal... at night I'd rather sleep than watch the charts
..... It's always a good idea to move your SL to B/E when your in 10-15 pips profit. I
a simple search with forexfactory
From THV system, final edition
http://www.forexfactory.com/showthread.php?t=127271
There are five primary signals that identify trends and buying opportunities:
Positive candles (blue) containing no wicks: There is strong uptrend momentum in the session and it will likely continue. Here, the trader will have a hands-off approach to profits while strongly considering adding on to the position. Positive candles with no lower "shadows" indicate a strong uptrend: let your profits ride!
Positive candles (blue) containing shadows or wicks: Strength continues to support the price action higher. At this point, with upside potential still present, the investor will likely consider the notion of adding to the overall position.
A smaller candle body with longer wicks: Similar to the doji candlestick formation, this candle suggests a near-term turnaround in the overall trend. Signaling indecision, market participants are likely to wait for further directional bias before pushing the market one way or the other. Traders following on the signal will likely prefer confirmation before initiating any positions.
Negative candles (red) containing shadows or wicks: Weakness or negative momentum is supporting the price action lower in the market. As a result, traders will want to begin exiting initial long positions or selling positions at this point.
Negative candles (red) containing no shadows or wicks: Selling momentum is strong and will likely support a move lower in the overall decline. As a result, the trader would do well to add to existing short holdings.
changed green to blue
Quoting nijemho
Dear Emmanuel, this is my 20th day trading TMS 4H and i have achieved results which i have never been able to do in the past 8 years trading. however, i still believe that i have an issue with exiting too early as many times i close the trade on the 2nd or 3rd candle, and then the race continues to 7th or 8th candle with me just watching all those pips that i could have gained if i stayed in
what are the best practices in your opinion? just train myself more to be more disciplined and hold on to as many candles as possible? or close half the...Well nijemho
you are in the same boat as many other trades and that is FEAR
We have lost so many times that when we do have a winner we are anguish not to lose and take profit to early
and when we have a loser we hold on to it until the bitter end (margin call) hoping the trend will move our way
had you done (home work) and remembered Big E lecture on APB
which is nicely summarized (in THV) would you still look at pips slipping away
Been there Got the T-shirt and washed the car with the t-shirt
Wish I can follow my own advise but eeshes the excitement of WOW a winning trade - all homework is forgotten
Lessen learn - become a emotionless trader == No fear, No excitement, No nothing = Look Analyze = close / open trade
Have read response to your questions and its is good advice
Now ask this what would Big E advice been
Big E comments.pdf
http://www.forexfactory.com/attachme...E+comments.pdf
as an example... it's no big deal... at night I'd rather sleep than watch the charts
..... It's always a good idea to move your SL to B/E when your in 10-15 pips profit. I
- #67,436
- Mar 25, 2016 6:41am Mar 25, 2016 6:41am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #67,438
- Mar 25, 2016 7:57am Mar 25, 2016 7:57am
- Joined Nov 2013 | Status: Trader | 2,780 Posts
It's in fear when people show what they truly value.
