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TMS for Newbies Part 2 1,120 replies

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

  • #461
  • Apr 1, 2016 12:24pm Apr 1, 2016 12:24pm
Closed my GJ shorts. + 350 pips 2 entries in H4.

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  • #462
  • Apr 1, 2016 12:29pm Apr 1, 2016 12:29pm
Similar with GU, 1 entry + 130

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  • #463
  • Apr 1, 2016 12:45pm Apr 1, 2016 12:45pm
Quoting wind.rpha
Closed my GJ shorts. + 350 pips 2 entries in H4. {image}
Now you can party all weekend
on this trade it looks like you entered when the Green and red line crossed the MBL? rather than when the green and red cross? what was your trade analysis before you placed them? sorry for the questions just trying to learn
Fib(onacci) my way to glory
  • #464
  • Apr 1, 2016 1:09pm Apr 1, 2016 1:09pm
Quoting MrAussieFX
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...
MrAussieFX, could you please explain further the above statement? Did you mean to write "and" instead of "or"? If not, 1st or 2nd candles can act as trigger if are moving away from MA's as well as being outside the PAC?

Thank you.
  • #465
  • Apr 1, 2016 1:11pm Apr 1, 2016 1:11pm
Quoting billsmith
{quote} Now you can party all weekend on this trade it looks like you entered when the Green and red line crossed the MBL? rather than when the green and red cross? what was your trade analysis before you placed them? sorry for the questions just trying to learn

Could of been a "bounce" trade?
  • #466
  • Apr 1, 2016 1:39pm Apr 1, 2016 1:39pm
Quoting JosephXiX
{quote} Could of been a "bounce" trade?
True.. forgot about them
Fib(onacci) my way to glory
  • #467
  • Apr 1, 2016 3:23pm Apr 1, 2016 3:23pm
Quoting billsmith
{quote} Now you can party all weekend on this trade it looks like you entered when the Green and red line crossed the MBL? rather than when the green and red cross? what was your trade analysis before you placed them? sorry for the questions just trying to learn
I trade based on several factors, not only crosses. In the image you can see Hidden Div, trading far from SR, the cross looking very strong and above 68 level and PA for sure. You can also check the Likica's thread for more information regarding this. Regards.

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  • #468
  • Apr 1, 2016 3:23pm Apr 1, 2016 3:23pm
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...
Thanks Bill,
  • #469
  • Apr 1, 2016 10:10pm Apr 1, 2016 10:10pm
Quoting catalin_eros
{quote} Hello! Thanks for the reply! Don't take this the wrong way, I am just trying to understand exactly how you trade, because I take the same entries sometimes, although my rules say to enter on the close and cross, not on the open and cross. So I think clear rules should be established, so that the newbies will know exactly what entry to take when they believe they see a cross. In your second chart you said that the cross happened on the close of candle 2. Well, actually the cross happened on the open of candle 3. If you put a vertical line...
Hi Catalin,

I never get offended by questions as they are vital part of learning process. I have attached the gif image in the original post for the sole purpose of demonstrating when and where the cross is happening.

We don't have to be so hard on ourselves with the candles and TDI crosses. What I mean by this is that Big E mentioned in one of his posts that if price is picking momentum and there is a cross on TDI he will enter the trade regardless of waiting for candle to close.

If you please go back to the original USDCAD post and click on gif image you may see where the cross is happening and where TDI is when price reached PT.

Kindest regards
  • #470
  • Apr 1, 2016 10:27pm Apr 1, 2016 10:27pm
Quoting JosephXiX
{quote} MrAussieFX, could you please explain further the above statement? Did you mean to write "and" instead of "or"? If not, 1st or 2nd candles can act as trigger if are moving away from MA's as well as being outside the PAC? Thank you.
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Kindest regards
  • #471
  • Apr 1, 2016 10:30pm Apr 1, 2016 10:30pm
Got Stopped out on GJ trade yesterday, Had SL too close I guess.

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Kindest regards
  • #472
  • Apr 1, 2016 10:33pm Apr 1, 2016 10:33pm
Quoting MrAussieFX
{quote} {image} Kindest regards
Understood, thank you MrAussieFX.
  • #473
  • Apr 2, 2016 4:53am Apr 2, 2016 4:53am
Quoting MrAussieFX
Got Stopped out on GJ trade yesterday, Had SL too close I guess. {image} {image} Kindest regards
Hey Mr Aussie, Out of interest what was your target/ sl in pips?
  • #474
  • Apr 2, 2016 6:19am Apr 2, 2016 6:19am
Quoting Scrambleguy
{quote} Hey Mr Aussie, Out of interest what was your target/ sl in pips?
Hi Scrambleguy,

It was 68 to 68

Regards
  • #475
  • Apr 2, 2016 6:30am Apr 2, 2016 6:30am
Quoting MrAussieFX
Got Stopped out on GJ trade yesterday, Had SL too close I guess. {image} {image} Kindest regards
That hurts MrAussieFx. When you get stopped out then price moves to short direction for more than 200 pips.
Is your favorite pair GbpJpy also? How many trades do you take per week? And how many pips do you target?

Here is my trade for the week, but the R:R is not ok, risk is almost 100pips and reward is 60pips only. My initial target was 150pips but I got chickened out then I saw the TDI bounce at 50level, only to find out the TDI will bounce at MBL then made a big big move.

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More practice for me.
  • #476
  • Apr 2, 2016 10:34am Apr 2, 2016 10:34am
Quoting MrAussieFX
{quote} Hi Scrambleguy, It was 68 to 68 Regards
MrAussieFX,

If at all possible, could you please include a lesson for beginners on various options for calculating stop losses in Synergy method and which one to use in which situation. I am sure several of us here could benefit (I know I can!)
  • #477
  • Apr 2, 2016 10:43am Apr 2, 2016 10:43am
Quoting wind.rpha
Closed my GJ shorts. + 350 pips 2 entries in H4. {image}
Wind, how did you have the nerve to hold the trade through the green tdi hookback and subsequent cross over red at TSI 54-ish? With the MBL and green line heading up in the 'buying sentiment' zone of the TDI what made you certain it was going to reverse and cross over again. It was clearly the right decision but I can't see how you anticipated it?

thanks.
  • #478
  • Apr 2, 2016 11:04am Apr 2, 2016 11:04am
Quoting pulubi28
{quote} That hurts MrAussieFx. When you get stopped out then price moves to short direction for more than 200 pips. Is your favorite pair GbpJpy also? How many trades do you take per week? And how many pips do you target? Here is my trade for the week, but the R:R is not ok, risk is almost 100pips and reward is 60pips only. My initial target was 150pips but I got chickened out then I saw the TDI bounce at 50level, only to find out the TDI will bounce at MBL then made a big big move. {image} More practice for me.
Never worry about the pips you left behind, you can always pick them up another day. Just make sure you don't give any back
Never argue with a fool; onlookers may not be able to tell the difference.
  • #479
  • Apr 2, 2016 3:54pm Apr 2, 2016 3:54pm
Quoting Nostromo
{quote} Wind, how did you have the nerve to hold the trade through the green tdi hookback and subsequent cross over red at TSI 54-ish? With the MBL and green line heading up in the 'buying sentiment' zone of the TDI what made you certain it was going to reverse and cross over again. It was clearly the right decision but I can't see how you anticipated it? thanks.
Confidence in my trading and a good money management are the 2 keys for me....
  • #480
  • Apr 2, 2016 10:35pm Apr 2, 2016 10:35pm
Quoting Nostromo
{quote} Wind, how did you have the nerve to hold the trade through the green tdi hookback and subsequent cross over red at TSI 54-ish? With the MBL and green line heading up in the 'buying sentiment' zone of the TDI what made you certain it was going to reverse and cross over again. It was clearly the right decision but I can't see how you anticipated it? thanks.
simple! .... dis is wat traders like Wind master over many hours of trading .... ask ur self would i BUY there ? .... the answer 4 me would be NO cause the cross looks horrible [red line was never look'n good] .... so y exit ? .... it turned out it was a classic bounce trade were u could have added short [not 4 me but could have] ....
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