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

  • #361
  • Mar 28, 2016 12:43pm Mar 28, 2016 12:43pm
Quoting ven16
hi Guys, after reading many posts by senior traders on TMS I entered in to this trade. can you please help me, did I entered on correct time or is too late. sorry for my language, English is not my first language. {image}
Hi Ven,

If you are trading strictly TMS, then your entry is against the rules as entry was not on candle 1 or 2. This trade can still be profitable, but if you want to trade a rules based method like TMS then this entry would be considered late.

Personally, for h4 setups, i have an alarm that signals 15 minutes before h4 candles will close on my broker. I use these 15 minutes to scan the various pairs i trade and look for a valid setup. It helps to have a systematic approach for viewing charts at set times, and it can prevent over-trading or chasing price.

Best,
N
  • #362
  • Mar 28, 2016 1:01pm Mar 28, 2016 1:01pm
Quoting Nik-Nyc
{quote} Hi Ven, If you are trading strictly TMS, then your entry is against the rules as entry was not on candle 1 or 2. This trade can still be profitable, but if you want to trade a rules based method like TMS then this entry would be considered late. Personally, for h4 setups, i have an alarm that signals 15 minutes before h4 candles will close on my broker. I use these 15 minutes to scan the various pairs i trade and look for a valid setup. It helps to have a systematic approach for viewing charts at set times, and it can prevent over-trading...
thank you for your reply Nik-Nyc...
  • #363
  • Mar 28, 2016 1:14pm Mar 28, 2016 1:14pm
Quoting Nik-Nyc
{quote} Hi Ven, If you are trading strictly TMS, then your entry is against the rules as entry was not on candle 1 or 2. This trade can still be profitable, but if you want to trade a rules based method like TMS then this entry would be considered late. Personally, for h4 setups, i have an alarm that signals 15 minutes before h4 candles will close on my broker. I use these 15 minutes to scan the various pairs i trade and look for a valid setup. It helps to have a systematic approach for viewing charts at set times, and it can prevent over-trading...
Nice 30 pips Bill just be careful taking a trade well into overbought area +68, out of the buy zone
  • #364
  • Mar 28, 2016 1:17pm Mar 28, 2016 1:17pm
Quoting ven16
hi Guys, after reading many posts by senior traders on TMS I entered in to this trade. can you please help me, did I entered on correct time or is too late. sorry for my language, English is not my first language. {image}
Ven16 -
why did you take this trade? what was your TMS analysis? (NiK-Nyc has all ready covered this)
as a newbie myself i would suggest you re-read this thread from the beginning and do backtesting.
Ask questions so you can get TMS method pulling in the pips for you - the seniors in this thread are extremely helpful.

P.S did you take the trade because me and another trader took it? because if so in our posts we had both closed the trade as we thought there was no steam left in it. Tip 101 never take a trade because someone says so, look at the pair and do your own analysis.
Fib(onacci) my way to glory
  • #365
  • Mar 28, 2016 1:20pm Mar 28, 2016 1:20pm
Quoting Scrambleguy
{quote} Nice 30 pips Bill just be careful taking a trade well into overbought area +68, out of the buy zone
yes i noticed that but H4 TMS looked good with no visible S/R. not sure if that is a right analysis to do?
Fib(onacci) my way to glory
  • #366
  • Mar 28, 2016 2:00pm Mar 28, 2016 2:00pm
Quoting billsmith
{quote} Ven16 - why did you take this trade? what was your TMS analysis? (NiK-Nyc has all ready covered this) as a newbie myself i would suggest you re-read this thread from the beginning and do backtesting. Ask questions so you can get TMS method pulling in the pips for you - the seniors in this thread are extremely helpful. P.S did you take the trade because me and another trader took it? because if so in our posts we had both closed the trade as we thought there was no steam left in it. Tip 101 never take a trade because someone says so, look...
Hi Billsmith,

thank you for your reply and comments...
I didn't read your post yet, I took this trade 13:01 (GMT-5) on OANDA server time. when I came back from my work. I am just going through the currency pairs which Emmanuel recommended. when i checked it on daily time frame the green line turning up so I checked it on 4Hr time frame it is already finished 3 bars and above 50 and volatility bands also expanding slowly. that is why i took this trade.


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  • #367
  • Mar 28, 2016 2:05pm Mar 28, 2016 2:05pm
Quoting ven16
{quote} Hi Billsmith, thank you for your reply and comments... I didn't read your post yet, I took this trade 13:01 (GMT-5) on OANDA server time. when I came back from my work. I am just going through the currency pairs which Emmanuel recommended. when i checked it on daily time frame the green line turning up so I checked it on 4Hr time frame it is already finished 3 bars and above 50 and volatility bands also expanding slowly. that is why i took this trade. {image}
ahhhh..... you are trying to trade Daily?
Fib(onacci) my way to glory
  • #368
  • Mar 28, 2016 7:08pm Mar 28, 2016 7:08pm
Quoting ven16
{quote} Hi Billsmith, thank you for your reply and comments... I didn't read your post yet, I took this trade 13:01 (GMT-5) on OANDA server time. when I came back from my work. I am just going through the currency pairs which Emmanuel recommended. when i checked it on daily time frame the green line turning up so I checked it on 4Hr time frame it is already finished 3 bars and above 50 and volatility bands also expanding slowly. that is why i took this trade. {image}
Hi ven.
1. I would consider posting your entire chart so we can see the crosses.
2. I would consider trading the candles BigE did. He was trading the London session and the US open for the first three hours.
3. I would consider watching price action. If you are going to use APB charts, it appears that you went long in a bear channel.

Thoughts?
If you are good at something, never do it for free--Joker
  • #369
  • Mar 28, 2016 8:09pm Mar 28, 2016 8:09pm
Quoting billsmith
i have been trading TMS from March 21st i have been been very strict with myself as to my entries - following TMS as letter perfect as possible i posted my trade explore because i have never had such consistent results before with all the other systems i have tried. (and so little drawdown) i wanted to show the power of TMS and that is DOES work i have been a completely horrible trader but with TMS it looks like that is turning around as long as i keep disciplined. i am now no longer staring at a screen all day and am getting my confidence back...
Awesome result ! Keep it going bud
Live life king size !
  • #370
  • Mar 28, 2016 11:55pm Mar 28, 2016 11:55pm
Quoting jmn5611
{quote} Hi ven. 1. I would consider posting your entire chart so we can see the crosses. 2. I would consider trading the candles BigE did. He was trading the London session and the US open for the first three hours. 3. I would consider watching price action. If you are going to use APB charts, it appears that you went long in a bear channel. Thoughts?
thank you Jmn5611...
  • #371
  • Mar 29, 2016 12:14am Mar 29, 2016 12:14am
hi,

here is another trade i am looking for EURUSD on 29/03/2016 6.15AM (London time)
weekly showing bull candle and price channel is flat
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on daily it is showing second bull candle but wick is grey and near to previous week close and TDI not clear indication yet

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in 4hr time frame bearish candle started but wick showing grey and TDI coming back in to volatility bands but it is between 50 and 68
Attached Image (click to enlarge)
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if current 4hr candle closes below 5EMA and TDI green crosses red and moving down to 50 area shall i consider as bearish signal. but it is near to previous week close.
  • #372
  • Mar 29, 2016 12:17am Mar 29, 2016 12:17am
Quoting ven16
hi, here is another trade i am looking for EURUSD on 29/03/2016 6.15AM (London time) weekly showing bull candle and price channel is flat {image} on daily it is showing second bull candle but wick is grey and near to previous week close and TDI not clear indication yet {image} in 4hr time frame bearish candle started but wick showing grey and TDI coming back in to volatility bands but it is between 50 and 68 {image} if current 4hr candle closes below 5EMA and TDI green crosses red and moving down to 50 area shall i consider as bearish signal. but...
No trade on H4. It will be the start of the candle three. Find another pair.
If you are good at something, never do it for free--Joker
  • #373
  • Mar 29, 2016 1:44am Mar 29, 2016 1:44am
15 min trade bit late in on candle two. Dangerous because against the tren, but got to end somewhere . Lets se how she goes?]]

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We're all just one trade away from humility.
  • #374
  • Mar 29, 2016 1:47am Mar 29, 2016 1:47am
if your a newbie I wouldn't advise u to trade 15 min chart until u have mastered the higher time structure especially against the trend
  • #375
  • Mar 29, 2016 1:51am Mar 29, 2016 1:51am
Quoting trade786
if your a newbie I wouldn't advise u to trade 15 min chart until u have mastered the higher time structure especially against the trend
Yeah normally trade 1 or 4 hr but occasionally I like a gamble
We're all just one trade away from humility.
  • #376
  • Mar 29, 2016 1:53am Mar 29, 2016 1:53am
Quoting Drewas
15 min trade bit late in on candle two. Dangerous because against the tren, but got to end somewhere . Lets se how she goes?]] {image}
I think also MrAussie has asked (more than a few times) that only the template he's put up at the beginning of the thread should be used so that it doesn't confuse newer people coming in.
  • #377
  • Mar 29, 2016 1:57am Mar 29, 2016 1:57am
Quoting lastingwell
{quote}I think also MrAussie has asked (more than a few times) that only the template he's put up at the beginning of the thread should be used so that it doesn't confuse newer people coming in.
No problem was asked to post by a couple of people here. Is pretty much the same as thread template except for a couple of additions/removals that make sense for me, will continue to post in my own thread only.

Out of trade for breakeven +1 pip.
We're all just one trade away from humility.
  • #378
  • Mar 29, 2016 2:45am Mar 29, 2016 2:45am
Quoting billsmith
i have been trading TMS from March 21st i have been been very strict with myself as to my entries - following TMS as letter perfect as possible i posted my trade explore because i have never had such consistent results before with all the other systems i have tried. (and so little drawdown) i wanted to show the power of TMS and that is DOES work i have been a completely horrible trader but with TMS it looks like that is turning around as long as i keep disciplined. i am now no longer staring at a screen all day and am getting my confidence back...
Well done bill
Just shows to everyone that keeping it simple and sticking to the proven rules means that TMS works.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #379
  • Mar 29, 2016 7:23am Mar 29, 2016 7:23am
this is for forex-newbie - he/she asked me about my trade and i couldn't PM a picture(anyone know why)
Attached Image (click to enlarge)
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Fib(onacci) my way to glory
  • #380
  • Mar 29, 2016 8:00am Mar 29, 2016 8:00am
AUDJPY H4 SELL

Attached Image (click to enlarge)
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What do you guys think of this ? Close to 86.0000 BN.
Live life king size !
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