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TMS for Newbies Part 2

  • #41
  • Apr 7, 2016 9:04pm Apr 7, 2016 9:04pm
Quoting lastingwell
Not going to get greedy with such a strong downtrend +50. Reasons for entering, bullish divergence at good support level, stoch came out of oversold area, good angle on tdi, h4 tdi up. I was going to go for more but decided to go to bed instead {image} {image}
Well done , that was simple and to the point
I Have Learned to Take Some Losses to Make Profits
  • #42
  • Apr 7, 2016 9:10pm Apr 7, 2016 9:10pm
Subscribed
Live life king size !
  • #43
  • Apr 7, 2016 11:24pm Apr 7, 2016 11:24pm
Quoting lastingwell
I am starting this new thread for newbies to TMS after the last one kindly opened by MrAussie was closed by him, for what reason we are not sure but hopefully he will come in and contribute to this one if he feels he wants to return to FF. I don't know how often I can tend to it, so would ask if any other TMS veterans would like to take part and answer questions it would be appreciated We all trade TMS differently, everyone has their own slant, and their own timeframe, but there are certain things to take notice of on all timeframes that will...
Congrats on your own thread LW.
Happy pipping
Appreciation is the key to wealth and happiness
  • #44
  • Apr 7, 2016 11:37pm Apr 7, 2016 11:37pm
Wooow! I am just so happy to see this new TMS for newbies thread. I am more excited and eager to learn and share.

I would like to share my trade for the week. I am only concentrating on GbpJpy. If I get more than 1 pair on my screen, I get confused easily.
Daily chart is there so I could see how price candlestick finished yesterday
H4 is there so I could see what the higher timeframe trend is.

1 LOSS: LONG Trade -50pips

I still cant get my patience to work. The GbpJpy is still a STRONG DOWNTREND, but LONG is triggered when I saw TDI Green crossing Red + MBL + 32 Level. I WILL TRY MY BEST NOT TO DO IT AGAIN.


1 WIN: SHORT Trade +180pips

Rode with the herd. SHORT is triggered when I saw the bounce from the 5EMA+3 and 20MAs + TDI Green cross RED + MBL + 32 Level.

TP when I saw TDI Green returned inside the Low Blue Volatile Band and crossed Red.


From the past 6months of watching the TDI cross at MBL or the 68,50,32 level, I observed the price moves nicely to its direction.

Any comments and suggestions please?
Thank you!
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  • #45
  • Apr 8, 2016 12:06am Apr 8, 2016 12:06am
Closed my UC shorts which I posted at the time I took the trades.Look back you'll find it.
+342pips 6 positions
Not taking chance on morning data coming up on Cad
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In trading, you have to be defensive and aggressive at the same time
  • #46
  • Apr 8, 2016 12:43am Apr 8, 2016 12:43am
Quoting lastingwell
I am starting this new thread for newbies to TMS after the last one kindly opened by MrAussie was closed by him, for what reason we are not sure but hopefully he will come in and contribute to this one if he feels he wants to return to FF. I don't know how often I can tend to it, so would ask if any other TMS veterans would like to take part and answer questions it would be appreciated We all trade TMS differently, everyone has their own slant, and their own timeframe, but there are certain things to take notice of on all timeframes that will...
Thanks for starting the thread lastingwell. With a good moderator the newbies can keep the concepts in line, and some of you have stayed true to the original mission.
If you are good at something, never do it for free--Joker
  • #47
  • Apr 8, 2016 1:20am Apr 8, 2016 1:20am
Thanks Lastingwell. This is going to be a great help to a lot of people.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #48
  • Apr 8, 2016 1:59am Apr 8, 2016 1:59am
Quoting likica
{quote} Congrats on your own thread LW. Happy pipping
Thanks LK. If anyone wants to see what good trading looks like they should look at LK's profile and her trades
  • #49
  • Apr 8, 2016 2:11am Apr 8, 2016 2:11am
Quoting lastingwell
{quote}Thanks LK. If anyone wants to see what good trading looks like they should look at LK's profile and her trades
hehehe... they can see bad trades there too. Thanks for your kind words. All the very best to you and the thread, LW.
by the way, EA has div on H4
Appreciation is the key to wealth and happiness
  • #50
  • Apr 8, 2016 2:16am Apr 8, 2016 2:16am
Quoting pulubi28
Wooow! I am just so happy to see this new TMS for newbies thread. I am more excited and eager to learn and share. I would like to share my trade for the week. I am only concentrating on GbpJpy. If I get more than 1 pair on my screen, I get confused easily. Daily chart is there so I could see how price candlestick finished yesterday H4 is there so I could see what the higher timeframe trend is. 1 LOSS: LONG Trade -50pips I still cant get my patience to work. The GbpJpy is still a STRONG DOWNTREND, but LONG is triggered when I saw TDI Green...
You only need one currency pair that you know well to earn money you don't need to trade everything.

Hindsight is a wonderful thing I know, but if you look at the difference between where I took a long on GJ and your long. You will see one main difference. With your loss, everything else looked the same as mine except if you look at the H4 chart, I have marked where you went in long and where I did. Look at the last closed candle on H4 before the trades were taken, still very bearish when you took yours (meaning the H4 tdi would have barely moved up), and an inside bar/price couldn't go lower when I took mine.
Attached Image (click to enlarge)
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  • #51
  • Apr 8, 2016 2:17am Apr 8, 2016 2:17am
Quoting likica
{quote} hehehe... they can see bad trades there too. Thanks for your kind words. All the very best to you and the thread, LW. by the way, EA has div on H4
Thank you I'll take a look
  • #52
  • Apr 8, 2016 2:25am Apr 8, 2016 2:25am
Quoting Davit
Closed my UC shorts which I posted at the time I took the trades.Look back you'll find it. +342pips 6 positions Not taking chance on morning data coming up on Cad {image}
Excellent pipping Davit
  • #53
  • Apr 8, 2016 2:49am Apr 8, 2016 2:49am
Quoting jmn5611
{quote} Thanks for starting the thread lastingwell. With a good moderator the newbies can keep the concepts in line, and some of you have stayed true to the original mission.
Thanks for the comments Hopefully we will see you in here with some advice for the newer ones.
  • #54
  • Apr 8, 2016 2:58am Apr 8, 2016 2:58am
good luck on the new thread lastingwell hopefully everyone in here can keep things simple and add a lot of valuable info for newbies any trades posted please give reasons for the trade Thankyou all and many green pips to everyone
  • #55
  • Apr 8, 2016 6:42am Apr 8, 2016 6:42am
Quoting lastingwell
{quote} You only need one currency pair that you know well to earn money you don't need to trade everything. Hindsight is a wonderful thing I know, but if you look at the difference between where I took a long on GJ and your long. You will see one main difference. With your loss, everything else looked the same as mine except if you look at the H4 chart, I have marked where you went in long and where I did. Look at the last closed candle on H4 before the trades were taken, still very bearish when you took yours (meaning the H4 tdi would have barely...
Thank you for your feedback LW. It makes more sense to me now on how we use h4 . I still really need to learn patience and discipline as well.
  • #56
  • Apr 8, 2016 7:17am Apr 8, 2016 7:17am
Quoting pulubi28
{quote} Thank you for your feedback LW. It makes more sense to me now on how we use h4 . I still really need to learn patience and discipline as well.
Still have a lack of it sometimes myself after all this time.
  • #57
  • Apr 8, 2016 7:18am Apr 8, 2016 7:18am
Learning is a never ending process.
I have also subscribed for this.
When the going gets tough , the tough get going
  • #58
  • Apr 8, 2016 7:25am Apr 8, 2016 7:25am
Quoting lastingwell
{quote} Still have a lack of it sometimes myself after all this time.
Hi Lastingwell, how long have you been trading TMS and how long did it take for you to become profitable using this system, and is your preferred tf the 30 min? Sorry for the barrage of questions!
  • #59
  • Edited 7:48am Apr 8, 2016 7:29am | Edited 7:48am
GM guys
I get PM's people asking me how to trade pivots
1st off google is a wonderful tool
2nd YouTube ton of videos
3rd babypips.com covers this real well.

I like to see some effort if one expects spoon feeding I am sorry you are doomed from start. 95% traders fail and guess why 5% win.Yes it takes extra effort.
Not going to cover this because its over covered all over the net and some more.
Going to post a chart which I posted earlier and if you don't get it then please don't ask.

http://www.babypips.com/school/middl...ot-points.html
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In trading, you have to be defensive and aggressive at the same time
  • #60
  • Apr 8, 2016 7:48am Apr 8, 2016 7:48am
Quoting Scrambleguy
{quote} Hi Lastingwell, how long have you been trading TMS and how long did it take for you to become profitable using this system, and is your preferred tf the 30 min? Sorry for the barrage of questions!
Trading TMS about 2 years, trading overall forever It didn't take too long at all only a matter of a couple of weeks but studied phx62's posts inside out and I had been trading the m5 charts very profitably before that with the genesis system so going to the h1, h4 etc felt like I was doing nothing all day

I like the M30 or H1 using the h4 as the guide more than any other timeframe.
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