(binned per thread starter's request) TMS for Newbies | Page 25 | 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

  • #481
  • Apr 2, 2016 10:53pm Apr 2, 2016 10:53pm
Quoting MrAussieFX
Got Stopped out on GJ trade yesterday, Had SL too close I guess. {image} {image} Kindest regards
ur SL was inside the volatility range defined by the EMA5S2TP line .... IMO it makes sense to hang SL outside dis otherwise high prob of get'n stop'd/hunted ....
Attached Image
  • #482
  • Apr 3, 2016 8:21am Apr 3, 2016 8:21am
Quoting Lookleft
{quote} If you look at post #30 MrAussie explained very clearly about the 68 and 32 limits in the TDI.
Thanks LL rereading it again makes more sense

Quoting jmn5611
{quote} The MBL and volatility bands depends on whether you are a TMS trader or a Synergy trader. If you are a TMS trader, then you will not factor the volatility bands or the MBL into your equation. However, if you need to be a Synergy trader due to the inability to read price action at this time, you will keep these things in place. Running a thread is a lot of work for no pay, so AussieFX has provided a service here. I don't intend to be overly critical.
Cheers jmn. AussieFX and the rest of you guys are very helpful.

Quoting griffinssoul
{quote} dis is natural cause u can get the same info from others tings [mainly direct from PA] - the VBs give u no more info than read'n PA [i prefer PA but 4 noobs better to start wit it] - MBL info is same as look'n at higher time frames ..... so both LL & JMN r correct but 4 diff reasons .... cause post #30 has details on VB & MBL better 2 stick wit it when noob & post'n here
Cheers GS.

One thing that ive noticed looking at the VB's is to stay away when its compact, like some of you guys highlighted, the crosses are mostly flat.
Silence your Ego & Your Power will Rise
  • #483
  • Apr 3, 2016 9:26am Apr 3, 2016 9:26am
Quoting Lookleft
{quote} 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
Thanks LL for always giving advices to me.
  • #484
  • Apr 3, 2016 5:21pm Apr 3, 2016 5:21pm
Quoting griffinssoul
{quote} 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] ....
Griffin, thanks for this, a new-to-me approach to staying in a trade for longer term; if it doesn't look good enough to take the initial reversal-trade consider staying in.

Also - could you please expand on your other comment above? "the volatility range defined by the EMA5S2TP line"
What is the EMA5S2TP line? I can guess the EMA5 bit but not the rest.

cheers N.
  • #485
  • Edited 8:37pm Apr 3, 2016 8:21pm | Edited 8:37pm
Quoting Nostromo
{quote} Griffin, thanks for this, a new-to-me approach to staying in a trade for longer term; if it doesn't look good enough to take the initial reversal-trade consider staying in. Also - could you please expand on your other comment above? "the volatility range defined by the EMA5S2TP line" What is the EMA5S2TP line? I can guess the EMA5 bit but not the rest. cheers N.

You can follow MrAussieFX lessons and use the Price Action Channel PAC posted in Post#2.
Remember how he keep things simple.

See my pic below:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY MrAussieFX H4 trade.png Size: 55 KB


also read my post on SL and TP in the original Trading Made Simple 5-Method thread.

http://www.forexfactory.com/showthread.php?p=8850174#post8850174
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #486
  • Apr 3, 2016 8:42pm Apr 3, 2016 8:42pm
+ 100 AJ. 1 more open position running ....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
  • #487
  • Apr 4, 2016 2:09am Apr 4, 2016 2:09am
Quoting wind.rpha
+ 100 AJ. 1 more open position running .... {image}
superb management
  • #488
  • Apr 4, 2016 2:11am Apr 4, 2016 2:11am
Quoting mraam
{quote} Thanks LL rereading it again makes more sense {quote} Cheers jmn. AussieFX and the rest of you guys are very helpful. {quote} Cheers GS. One thing that ive noticed looking at the VB's is to stay away when its compact, like some of you guys highlighted, the crosses are mostly flat.
dats right - these work like Bollinger Bands - they reflect the volatility with the range of the candles - tight bands means small candle PA - u have to define wat u mean by small here 4 each pair 4 each session
  • #489
  • Apr 4, 2016 2:13am Apr 4, 2016 2:13am
Quoting Nostromo
{quote} Griffin, thanks for this, a new-to-me approach to staying in a trade for longer term; if it doesn't look good enough to take the initial reversal-trade consider staying in. Also - could you please expand on your other comment above? "the volatility range defined by the EMA5S2TP line" What is the EMA5S2TP line? I can guess the EMA5 bit but not the rest. cheers N.
my bad - dis is the setting of the MA ..... EMA 5[period] S[hift]2 taken on the T[ipical]P[rice] .... the settings r important 2 follow .....
  • #490
  • Apr 4, 2016 8:45am Apr 4, 2016 8:45am
Quoting griffinssoul
{quote} superb management
Thanks GS
  • #491
  • Edited 2:52pm Apr 4, 2016 1:02pm | Edited 2:52pm
Quoting emmanuel7788
{quote} You can follow MrAussieFX lessons and use the Price Action Channel PAC posted in Post#2. Remember how he keep things simple. See my pic below: {image} also read my post on SL and TP in the original Trading Made Simple 5-Method thread. http://www.forexfactory.com/showthread.php?p=8850174#post8850174
Emmanuel,
Please respect MrAussieFX (http://www.forexfactory.com/showthread.php?t=582657) and his thread and how he is trying to teach the simplified TMS as Big E intended, and stop trying to highjack members from here to your ME/ME thread. SL are fully covered here according to Big E's teachings.

Thanks.
  • #492
  • Apr 4, 2016 2:06pm Apr 4, 2016 2:06pm
Quoting wind.rpha
+ 100 AJ. 1 more open position running .... {image}
Finally exited very happy my trade in AJ with + 150 greenies more.

+ 250 in 2 positions....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB
  • #493
  • Apr 4, 2016 2:16pm Apr 4, 2016 2:16pm
happy monday to yooouuu.....
great trades wind.rpha
Fib(onacci) my way to glory
  • #494
  • Apr 4, 2016 3:11pm Apr 4, 2016 3:11pm
Quoting emmanuel7788
{quote} You can follow MrAussieFX lessons and use the Price Action Channel PAC posted in Post#2. Remember how he keep things simple. See my pic below: {image} also read my post on SL and TP in the original Trading Made Simple 5-Method thread. http://www.forexfactory.com/showthread.php?p=8850174#post8850174
Emmanuel,

Thanks for the response, and also thanks for that link with the useful document in it!

cheers
N.
  • #495
  • Apr 4, 2016 3:52pm Apr 4, 2016 3:52pm
found this online today - it makes so much sense
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.jpg Size: 50 KB
Fib(onacci) my way to glory
  • #496
  • Apr 4, 2016 4:51pm Apr 4, 2016 4:51pm
EU H4 is looking interesting....
  • #497
  • Apr 4, 2016 5:12pm Apr 4, 2016 5:12pm
Quoting Nostromo
{quote} Emmanuel, Thanks for the response, and also thanks for that link with the useful document in it! cheers N.
Hi Nostromo,

You are welcome.
Glad you found that pdf useful. Is is about using initial SL being the risk and using that R as the risk and managing targets using R-Multiples. It is tested and proven way to maximize profits. Where to place the trade initial SL remains a big challenge for new traders. But using the PAC, that is obvious most of the time where we can place our SL on the other side of the PAC. Big E, he uses the last swing high or swing low and that according to him that is safe.
Keep an open mind when we want to learn from from such as FF and be a trader.
There are more things you need to learn and you wont find them in forum FF inlcuded.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #498
  • Apr 4, 2016 5:20pm Apr 4, 2016 5:20pm
Quoting Karado58
{quote} Emmanuel, Please respect MrAussieFX (http://www.forexfactory.com/showthread.php?t=582657) and his thread and how he is trying to teach the simplified TMS as Big E intended, and stop trying to highjack members from here to your ME/ME thread. SL are fully covered here according to Big E's teachings. Thanks.

I know MrAussieFX much longer than you. he is teaching TMS with the Synergy model not exactly how Big E traded the 5-Method.

go back and read your posts in the original TMS thread " Trading Made Simple " thread and the replies I gave you.

http://www.forexfactory.com/showthread.php?p=8335596#post8335596

http://www.forexfactory.com/showthread.php?p=8335678#post8335678
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #499
  • Apr 4, 2016 6:16pm Apr 4, 2016 6:16pm
Looks like something bad just happend
  • #500
  • Apr 4, 2016 9:28pm Apr 4, 2016 9:28pm
Quoting wind.rpha
EU H4 is looking interesting....
Mind to elaborate?
I see the cross there but MBL is above 68.
0 traders viewing now