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  • #421
  • Mar 30, 2016 6:39pm Mar 30, 2016 6:39pm
Quoting billsmith
{quote} this is how i go about my trades i look for crosses on the 1H then check H4 if H4 looks like it will do a good cross then i will take the H1 trade and get to BE then i will follow the trade on the H4 charts. Keep in mind that i have only traded TMS since March 21st - i am trying to limit myself to one good trade per day instead of lots of small-average trades as far as i can tell with this system is that it is like riding a bike, the more you practice and learn from your mistakes the better you get. with discipline it will give you "wheelbarrows...
Bill, this is an interesting approach, starting on the H1 and then moving up to the H4, I remember some posts from other traders recommending that you should start and finish on the same timeframe you trade, whereas others seem to start on H4 and dip into the H1 for the exit. How are you finding starting with the H1 - are you getting too many false alarms? (trades that don't develop the correct color candle on the H4, or a cross that happens on H1 but not H4)

I can see you could definitely win more pips by getting in early on the H1 as long as you can avoid getting 'false starts' on the H1.
  • #422
  • Mar 30, 2016 7:27pm Mar 30, 2016 7:27pm
Quoting billsmith
{quote} this is embarrassing!!!!! ( i do like to look for entries on m30 and H1 charts to try and get in earlier on the trade) GBPCAD - entered late in hope of 10-30 pips in trade a couple of hours and wasn't going anywhere so i exited at BE (Didn't want to be stuck in it overnight) CHFJPY at the moment i set sl at ATR (14) as seen on my chart and tp at 200% . i foolishly tightened my sl before price had gone 1 atr in green pips (my trading strategy) - price retraced and hit it (and look where it went) - i didn't get back in just...
I think there is nothing embarrassing about adopting a forensic attitude.

I see that GBPCAD trade suffered from the cardinal sin of entering beyond the 2nd candle which I seem to have done myself.
And your CHFJPY -- well next time you will think twice about messing with the SL

Quick question -- Did you validate against the higher time frame ?

There will be pips to be made. Green pips all.
Live life king size !
  • #423
  • Mar 30, 2016 8:11pm Mar 30, 2016 8:11pm
Quoting foxtrader16
{quote} Billsmith, I reside in the EST time zone. LON session starts at 3AM / 4AM depending on day light savings (DST). I have tried to do it. Then I leave for work which is from 8AM to 6PM. Also I have configured the mobile MT based on the parameters I got from FF.
Hi Foxtrader16,

This may help you read this post about teamviewer (http://www.forexfactory.com/showthread.php?p=8819162#post8819162) (download an app on your phone)

Regards
  • #424
  • Mar 30, 2016 8:27pm Mar 30, 2016 8:27pm
Quoting Nostromo
Hey guys, I posted this in the main TMS thread because I was quoting a post of Eelfranz, but I think it got lost in some busy posting over there, so am posting it here in the hopes someone could chime in on my questions; Quoting eelfranz (http://www.forexfactory.com/showthread.php?p=4575913#post4575913) 2scoops... When I see a tweek... I look for: 1. Are the candles getting smaller 2. Are the wicks starting to pull back more 3. Are we getting close to a supp/res level. 4. Is my green TDI line getting close to previous highs or lows on...
Hi Nostromo,

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD H4.png Size: 205 KB


Kindest regards
  • #425
  • Mar 30, 2016 8:39pm Mar 30, 2016 8:39pm
Quoting MrAussieFX
{quote} Hi Nostromo, Kindest regards
MrAussieFX,

Thanks very much! that illustrates the answers to my questions perfectly.

regards,
  • #426
  • Mar 31, 2016 1:06am Mar 31, 2016 1:06am
Quoting Nostromo
Hey guys, I posted this in the main TMS thread because I was quoting a post of Eelfranz, but I think it got lost in some busy posting over there, so am posting it here in the hopes someone could chime in on my questions; Quoting eelfranz (http://www.forexfactory.com/showthread.php?p=4575913#post4575913) 2scoops... When I see a tweek... I look for: 1. Are the candles getting smaller 2. Are the wicks starting to pull back more 3. Are we getting close to a supp/res level. 4. Is my green TDI line getting close to previous highs or lows on...
Great post showing Big E talking about price action, so lets address these.

If the candle on the APB are getting smaller that is showing a loss of enthusiasm. If the bulls are in control smaller candles means the bulls have stopped buying as they were before.

When you start seeing wicks on the bars that is showing lack of commitment. Wicks show where prices printed but were negated later on. The body shows where prices printed and held for the duration of the bar. So if you see big wicks and small bodies, what does that tell you?

The TDI is a creative use of the RSI and moving averages. If you understand this then the RSI gives the strength of the thrust of the move, and the moving average points the way. That is why Big E was looking for good angles on the TDI. The TDI is a momo indie, and looking at peaks and valleys in the past gives you an idea of the larger trend.

I would consider using either APB or traditional candles. When you choose, stay with that. Was I clear enough for you?

Quoting MrAussieFX
{quote} Hi Nostromo, {image} Kindest regards


I would consider removing the volatility bands and the MBL. Big E felt that this slowed down the OODA loop.
If you are good at something, never do it for free--Joker
  • #427
  • Mar 31, 2016 5:57am Mar 31, 2016 5:57am
To AussieFX and the rest of the senior posters/traders thanks for all the effort that you guys have poured into this.

Its great to see a thread for the sole purpose of educating newcomers and those new to this TMS system.

Ive taken a few trades some good some not so good.

Reading through this entire thread, i see some differences of opinion on the MBL and volatility bands, My question is -

1) How important are they when we wish to go into a trade?
2) Is it important to enter a trade ONLY when a cross happens above or below the MBL line?
3) What about subsequent crosses (after the 1st cross) above or below the MBL line?

Cheers & May the pips rain on everyone
Silence your Ego & Your Power will Rise
  • #428
  • Mar 31, 2016 7:02am Mar 31, 2016 7:02am
Quoting foxtrader16
{quote} I think there is nothing embarrassing about adopting a forensic attitude. I see that GBPCAD trade suffered from the cardinal sin of entering beyond the 2nd candle which I seem to have done myself. And your CHFJPY -- well next time you will think twice about messing with the SL Quick question -- Did you validate against the higher time frame ? There will be pips to be made. Green pips all.
yes i do validate against higher time frame
Fib(onacci) my way to glory
  • #429
  • Mar 31, 2016 7:08am Mar 31, 2016 7:08am
Quoting MrAussieFX
{quote} Hi Foxtrader16, This may help you read this post about teamviewer (http://www.forexfactory.com/showthread.php?p=8819162#post8819162) (download an app on your phone) Regards
Thank you AussieFx ! I will try that.
Live life king size !
  • #430
  • Mar 31, 2016 7:27am Mar 31, 2016 7:27am
Quoting Nostromo
{quote} Bill, this is an interesting approach, starting on the H1 and then moving up to the H4, I remember some posts from other traders recommending that you should start and finish on the same timeframe you trade, whereas others seem to start on H4 and dip into the H1 for the exit. How are you finding starting with the H1 - are you getting too many false alarms? (trades that don't develop the correct color candle on the H4, or a cross that happens on H1 but not H4) I can see you could definitely win more pips by getting in early on the H1 as long...
i do validate against the higher time frame

i use the higher time frame to set my take profit.
i am able to monitor my trades through out the day so i am able to get out of a trade if it goes wrong
Fib(onacci) my way to glory
  • #431
  • Mar 31, 2016 7:32am Mar 31, 2016 7:32am
Quoting billsmith
{quote} i do validate against the higher time frame i use the higher time frame to set my take profit. i am able to monitor my trades through out the day so i am able to get out of a trade if it goes wrong
Hi, can anyone guide me how to validate against higher time frame?
  • #432
  • Mar 31, 2016 7:36am Mar 31, 2016 7:36am
Quoting forex-newbie
{quote} Hi, can anyone guide me how to validate against higher time frame?
Basically are you trading in the same direction as HTF.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #433
  • Mar 31, 2016 9:52am Mar 31, 2016 9:52am
Quoting mraam
To AussieFX and the rest of the senior posters/traders thanks for all the effort that you guys have poured into this. Its great to see a thread for the sole purpose of educating newcomers and those new to this TMS system. Ive taken a few trades some good some not so good. Reading through this entire thread, i see some differences of opinion on the MBL and volatility bands, My question is - 1) How important are they when we wish to go into a trade? 2) Is it important to enter a trade ONLY when a cross happens above or below the MBL line? 3) What...
Hi mraam,
The MBL is the longer term sentiment of the market whereas the PL (green price line) SL (red signal line) are current sentiment. It makes sense that if all three are moving in the same direction your trade has a better chance of success. As for if the cross is above/below the MBL if you back test you'll see that where these crosses happened trades were more successful.
The VB are an indicator of the amount of activity in the market. If you look at a chart after NY close you'll see the bands tighten.
Both the MBL and VB are additional aids and can show you a lot more about the market but are not essential.
The video on the first page gives some information.
Hope this helps.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #434
  • Mar 31, 2016 11:40am Mar 31, 2016 11:40am
Quoting MrAussieFX
Hi everyone, Apologies for not actively participating on the thread at the moment. I would like to thank every one who was involved with TMS for quiet some time now and helping the newbies with questions, I really appreciate your time. After waiting for nearly 2 weeks for any good setup (Although having few losing trades on H1 timeframe and yes my previous GJ trade end up a loser). I could manage to get one trade this morning on USDCAD. USDCAD Daily (End of the day Entry) {image} {image} Reading pure price action and implementing TDI with it will...
Hello, MrAussie!

I am curious if you take all trades when the cross happens at the beginning of the candle. In your UC example, the cross did not happen on the candle which closed prior to your entry candle. Only at the opening of the new candle, the TDI crossed. I don't know if anyone else noticed that. So you entered in Big E's style. Except that Big E entered on the opening of candle 1 or 2. In your example, the entry candle was number 3. Unless you look at the first red APB as being what Dean is referring to as "little men", and in that case the first red APB should not be counted. But since it only has a small body, but the overall candle is not small, I do not think that is a "little man". I ask because I tend to take the same kind of entries sometimes, when the cross is not there when the candle closes, but it occurs when the new candle opens.
  • #435
  • Mar 31, 2016 3:20pm Mar 31, 2016 3:20pm
1st image is my trade explorer for last week
2nd image this week (i may take a trade tomorrow - but i don't really like Fridays)
a couple of interesting things to note - which the below explorers don't show
#1 - my profit was almost identical both weeks
#2 - both my best and worst trade profits were the same both weeks
so for this week i made the same amount of profit in half of the amount of trades
so i will keep working on keeping losing trades to a minimum and let winning trades run as much as they can.
today was not the best day for me so far no winning trades over 15 pips
doing homework tonight to identify trades i could have taken in the last 24 hours and why i didn't and what the TDI and PA looked like and if there was any news that moved the market.
Perhaps i should stick to Tuesdays and Wednesdays!!!!!!!!!!!!!
green pips to all

P.S i post these because it gives me motivation to achieve my goals not to brag or show off - if you had seen my trade history before march 21st..... it is terrible . TMS has given me a lifeline of hope that i can one day recover my account - slow and steady wins the race if only i had shorted when i had bought i would be rich by now
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 132 KB
Click to Enlarge Name: Image2.png Size: 128 KB
Click to Enlarge Name: Image3.png Size: 6 KB
Fib(onacci) my way to glory
  • #436
  • Mar 31, 2016 3:28pm Mar 31, 2016 3:28pm
Quoting jmn5611
{quote} Great post showing Big E talking about price action, so lets address these. If the candle on the APB are getting smaller that is showing a loss of enthusiasm. If the bulls are in control smaller candles means the bulls have stopped buying as they were before. When you start seeing wicks on the bars that is showing lack of commitment. Wicks show where prices printed but were negated later on. The body shows where prices printed and held for the duration of the bar. So if you see big wicks and small bodies, what does that tell you? The TDI...
jmn5611, thanks a lot for that explanation, I can now see where my confusion was, I was taking the expression "Are the wicks starting to pull back more" to mean that the wicks were pulling back into the body (thus implying a more pure bullish candle without wicks), from your clear explanation I now see that it means the wicks are pulling away from the body rendering them less strongly bullish.

best regards
  • #437
  • Mar 31, 2016 3:35pm Mar 31, 2016 3:35pm
Quoting billsmith
1st image is my trade explorer for last week 2nd image this week (i may take a trade tomorrow - but i don't really like Fridays) a couple of interesting things to note - which the below explorers don't show #1 - my profit was almost identical both weeks #2 - both my best and worst trade profits were the same both weeks so for this week i made the same amount of profit in half of the amount of trades so i will keep working on keeping losing trades to a minimum and let winning trades run as much as they can. today was not the best day for me so far...
Nice start there Bill, over 70% win rate on the 2nd week
  • #438
  • Mar 31, 2016 3:48pm Mar 31, 2016 3:48pm
Quoting Nostromo
{quote} Nice start there Bill, over 70% win rate on the 2nd week
out of all the figures and percentages i think the most important is the profit factor which is basically R:R (risk to reward)
if you have 1:2 R:R ratio (profit factor of 2) then you can win 40% of the time and still make a profit (as long as each winning trade was at least double each losing trade)
i think this combined with low draw down is really what defines a profitable trader. you could have 95% win rate but with no proper R:R the other 5% could make you a loss.
not sure if any of that makes sense...
Fib(onacci) my way to glory
  • #439
  • Mar 31, 2016 4:13pm Mar 31, 2016 4:13pm
Quoting billsmith
1st image is my trade explorer for last week 2nd image this week (i may take a trade tomorrow - but i don't really like Fridays) a couple of interesting things to note - which the below explorers don't show #1 - my profit was almost identical both weeks #2 - both my best and worst trade profits were the same both weeks so for this week i made the same amount of profit in half of the amount of trades so i will keep working on keeping losing trades to a minimum and let winning trades run as much as they can. today was not the best day for me so far...
Well done bill, keep it up.
Shows that quality is better than quantity.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #440
  • Mar 31, 2016 4:15pm Mar 31, 2016 4:15pm
Quoting Lookleft
{quote} Well done bill, keep it up. Shows that quality is better than quantity.
thank you
although today feels like i have traded all the wrong signals!!!!
Fib(onacci) my way to glory
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