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Attachments: TMS for Newbies Part 2
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TMS for Newbies Part 2

  • #441
  • Apr 15, 2016 7:45am Apr 15, 2016 7:45am
Quoting TheScorpS
{quote} Green didnt cross Red line on H1, I took short too but short lived, so moved it to break-even as there was no cross of TDI and a late entry , was +35 pips as it was going down {image}
.... & the TDI was setting up for a DIV play on wicks .... [may b 2 advanced for some noobs] - side note - babypips.com has all the basics

..... have a cool weekend all
  • #442
  • Apr 15, 2016 8:57am Apr 15, 2016 8:57am
Quoting Kanderpro
{quote} Good for "noobies" with 7 years experience too.
I have learned through hard experience to follow the process, and put the P&L away. ( I still look sometimes)
If you are good at something, never do it for free--Joker
  • #443
  • Apr 15, 2016 9:09am Apr 15, 2016 9:09am
Quoting Davit
{quote} I treat pivots as S/R irregardless of TF.That's the simple answer. TDI is a confirmation of price action.I trade 15-30 charts and often take counter trades.My style is not ideal if you have less then 3yrs of experience in trading.Counter trading is risky but I am proficient in it. Look to trade with H4 candle direction its whole lot safer.Pivots are road signs that's all.
Hi Davit

With reference to trading in the 4 hr candle direction do you use the color of the current candle to determine direction , or the current 4 hr
TDI signal or the general trend of the 4 hour candles. The reason I ask is quite often they disagree amongst themselves and I am left struggling to determine which of the three is the more valid. I guess ideally maybe only take trades where all three are aligned. Your thoughts?

Lest I forget many thanks for all of your insights and sharing!!!

Keith
  • #444
  • Apr 15, 2016 9:14am Apr 15, 2016 9:14am
Quoting griffinssoul
{quote} EG H4 - all out - was look'n 4 the second touch on D1 supp but it looks like EU & GU correlating which means EG sideways .... was shoot'n for 300pips but wat i got was good enough 2 close off the W1 {image}
Same ride but with less pips ... you are a master GS
  • #445
  • Apr 15, 2016 10:12am Apr 15, 2016 10:12am
Quoting jmn5611
My contribution to the Newbie thread today. http://www.edutopia.org/blog/focus-p...-nathan-barber
Excellent post jmn. Thank you!
  • #446
  • Apr 15, 2016 10:30am Apr 15, 2016 10:30am
Quoting jmn5611
{quote} I have learned through hard experience to follow the process, and put the P&L away. ( I still look sometimes)
You need to look sometimes so you know when to move from 500 lots to 501 lots per pip.
Thanks for your help, warmth and straight talking Heather.
  • #447
  • Apr 15, 2016 11:19am Apr 15, 2016 11:19am
Quoting Tekkies
{quote} jgadefelth I have taken the highest RR that broker has to offer 1:888 LW and Lookleft gave valuable guidelines in MrAussie forum because I was way of base Started to trade with 0.01 Due to their advice and adhere strictly to TMS rules I was able to increase lot size Currently lot size is 0.10 and Margin level is 5545% No stop loss - using a EA to close any trade that exceed the total amount I am willing to lose Trading with such a high R:R has forced me to read price action very carefully and to wait for the right setup. Had the mentality...
Hi maybe i missunderstand you but i think you talking about magins, but i talk about risk to reward risking 30 pips to gain 60 pips is for example RR 1:2

Best regards
  • #448
  • Apr 15, 2016 11:58am Apr 15, 2016 11:58am
Took long on LO + 1 hour into the session on what seems to LO setting the low of the day with regular divergence, and PCRF formations
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H1.jpg Size: 314 KB
I Have Learned to Take Some Losses to Make Profits
  • #449
  • Apr 15, 2016 12:10pm Apr 15, 2016 12:10pm
Quoting mraam
{quote} Thanks TSS. Just wondering what was your rationale for going short?
It was because of EMA 200 on lower time frame like M15 and M30, PA had tested that ma many times , so took the short
I Have Learned to Take Some Losses to Make Profits
  • #450
  • Apr 15, 2016 12:56pm Apr 15, 2016 12:56pm
Quoting jgadefelth
{quote} Hi maybe i missunderstand you but i think you talking about magins, but i talk about risk to reward risking 30 pips to gain 60 pips is for example RR 1:2 Best regards
No jgadefelth
R:R
1:888
margins is only to show how dangerous high R:R is if account is small
  • #451
  • Apr 15, 2016 3:08pm Apr 15, 2016 3:08pm
Quoting Tekkies
{quote} No jgadefelth R:R 1:888 margins is only to show how dangerous high R:R is if account is small
Sorry Tekkies two different things, high leverage allows you to have a larger position in the market for a relatively small amount of your own money.

What they are talking about is Risk:Reward (R:R) which means you open a trade with for instance a 50 pip stop loss, and you hope for a R:R of 1:2 so for your 50 pip stop loss (risk) you are hoping for a reward of 100 pips (reward).
  • #452
  • Apr 16, 2016 3:15am Apr 16, 2016 3:15am
Food for thought this weekend.
Attached Image
  • #453
  • Apr 16, 2016 7:00am Apr 16, 2016 7:00am
Quoting kminler
{quote} Hi Davit With reference to trading in the 4 hr candle direction do you use the color of the current candle to determine direction , or the current 4 hr TDI signal or the general trend of the 4 hour candles. The reason I ask is quite often they disagree amongst themselves and I am left struggling to determine which of the three is the more valid. I guess ideally maybe only take trades where all three are aligned. Your thoughts? Lest I forget many thanks for all of your insights and sharing!!! Keith
Good morning K
I trade 15-30min charts.To me Price can drop 50-70pips even if previous H4 is opposite.This happens a lot on news releases.
This is what lot of traders miss in terms of H4 D candles.Importance of H4 D candles are only relevant to me where current price is.
Location.Remember 70% forex is in a range and price goes to swing bottom to swing top.If previous H4 pushed price to swing top I will NOT buy irregardless previous H4 being green bull candles.
Lot of traders say things like "I will not trade against H4" that's a weak statement because depends where price is.
Trends start changing from lower TF's something to keep in mind.
Here is a chart on UC
notice 61R/S importance
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #454
  • Apr 16, 2016 7:24am Apr 16, 2016 7:24am
Quoting Davit
{quote} Good morning K I trade 15-30min charts.To me Price can drop 50-70pips even if previous H4 is opposite.This happens a lot on news releases. This is what lot of traders miss in terms of H4 D candles.Importance of H4 D candles are only relevant to me where current price is.
Location.Remember 70% forex is in a range and price goes to swing bottom to swing top.If previous H4 pushed price to swing top I will NOT buy irregardless previous H4 being green bull candles. Lot of traders say things like "I will not trade against H4" that's a weak statement... because depends where price is.
Trends start changing from lower TF's something to keep in mind.
Here is a chart on UC
notice 61R/S importance
  • #455
  • Apr 16, 2016 10:30am Apr 16, 2016 10:30am
Quoting griffinssoul
{quote} EG H4 - all out - was look'n 4 the second touch on D1 supp but it looks like EU & GU correlating which means EG sideways .... was shoot'n for 300pips but wat i got was good enough 2 close off the W1 {image}
Hey Griff, would you be kind enough to explain your general h4 analysis and set up strategies, as you seem to be the h4 man! I mean are your entries taken on the h4 also and do you make sure the daily trend and tdi are in the same direction as your h4 set up? also what stops do you use? Cheers
  • #456
  • Apr 16, 2016 11:50am Apr 16, 2016 11:50am
Quoting Pipsninja
In my humble almost 11 years of trading experience, it is amazing how vile and vicious this forum has become. Don't take anything anybody says on this or any other forums as absolute Gospel. I wish posters used IMHO or IMHE more in their posts. I admit there is information overload here for newbies. You got a variety of experienced traders here sharing their valuable insights. I don't care if they trade demo or mini lots, just take any useful insight from what the are trying to share here. Try BigE's (RIP) way of trading or lastingwell's MTF TDI...
Haha Good One.

First of all, Gratz LW for starting a new TMS Newbies. Sorry to say I'm no longer actively in FF anymore.
I still trade with TDI on my naked chart. It still my all time favourite .

Now back to the Thread.

Firstly, LW, what is your intention of this new thread? your goal? Helping out newbies? or Other?
If you have no time to manage, respond or reply, I suggest you better wind it up. Why? Reason is you are not putting yourself in the newbies shoe.

You may have many helpers but each and individually has their own style of trading. Be it m15,m30,H1,H4,D1 ...
Because of individuality styles of trade, they are trading base on their experience. But one thing for sure, you guys find your holy grail with TDI.
Because of you and other success, you guys keep posting all the winning trade results. Has anyone of you posted any losing trades?

Now as a newbie, what will they think ?

Wow, everyone is winning. This is holy grail and it's free. These guy really shown their powering in their trade.
So I better go home download and start backtesting.... Win win win lose lose lose. Post question to forum, ended up coming to all these new terms
HH,LL,HL, LH,PCRF, Pivots, Support, Resistance, etc.... Hey don't expect little to zero knowledge newbies to know all this stuff. This is why I gave up
in my early days just because I'm a newbie, I tried hard to find out .... end up no where. results neither here nor there !@#$%^&

So LW, my advise if you can't standardize all these, you are not helping. It'll just be another TMS trade with all the winning chart posting.
And for those, who like to post their chart after entry, please be more specific. Some newbies are good looking at the charts rather than reading your scripts.
If you got times please spell out in the chart as well. If you do, means you are sincerely in teaching. Nope, then just another egoistic idiotic with lame excuses
showing the proudest of your trading skill.

Well, everyone please rethink how you really want to help out newbies. As for me, I won't be active here anyway. I'm just catching the news data.

Advise to newbies, in order to achieve what the pro's trader, it's ain't easy. You need to understand the market very well before you can trade like them.

Green Pip to Everyone.
Banker please return my pipins.
  • #457
  • Edited 1:18pm Apr 16, 2016 1:06pm | Edited 1:18pm
Quoting jgadefelth
{quote} Seems that most people use a risk reward of 1:1 here likica seems to use a risk reward of 1:1 first then change it along the way to better rewards. Is it possibel to trade TMS with risk reward 1:2? Best regards
Yes.

But once you understand what the market is doing, you can trade in a daily manner, Risk:Reward is at least 1:2.
Exit strategy is TP100,TP200,TP300 and so forth with SL 30-50. Only trade in A++ Setup.

Keep it up. Basically TDI is a powerful Indicator that shows you many information.
When I see A++, I feel like I can predict the future.

Cheers. Keep on learning.
Banker please return my pipins.
  • #458
  • Edited 8:00pm Apr 16, 2016 2:00pm | Edited 8:00pm
Babyboy, this thread is not BabyPips. It isn't about teaching the basics of forex trading--there are countless threads for that. Newbies can find the definitions of HH, LL, HL, etc., in a hundred different places on FF. The thread is about helping them learn to trade TMS.
  • #459
  • Apr 16, 2016 9:27pm Apr 16, 2016 9:27pm
Quoting Babyboy
{quote} Haha Good One. First of all, Gratz LW for starting a new TMS Newbies. Sorry to say I'm no longer actively in FF anymore. I still trade with TDI on my naked chart. It still my all time favourite . Now back to the Thread. Firstly, LW, what is your intention of this new thread? your goal? Helping out newbies? or Other? If you have no time to manage, respond or reply, I suggest you better wind it up. Why? Reason is you are not putting yourself in the newbies shoe. You may have many helpers but each and individually has their own style...
Exactly as mary4x says, this is not a thread for newbie traders, its a thread for newbies to TMS, an entirely different thing. But if someone doesn't know what those things you mention, are, then we will do our best to help them anyway as well as send them to babypips.com to learn the basics of trading.

The reason I started this thread again was because the last thread, along with the thread starter was hounded from the forum and some newbies wanted it put back up. I have always helped newer traders to TMS via email and pm's in my own time so this will make it more centralised because people are getting confused on the other thread about things that are nothing to do with trading TMS.

I also said this is not a signal service and for one good reason. It is dangerous and strangely naive to think that new tms traders won't follow what someone with a red dot beside their name has said to trade. Many many times I have had pm's from people who have followed a trade that someone who appears to know what they're doing has put up, it doesn't work and they have lost money, but of course the trader that put up the trade in the first place didn't lose money they either didn't take it after all or they had a plan b which they failed to tell people about until afterwards, usually after a failed call they don't come into the forum for another 24 hours leaving the people high and dry not knowing what to do.

I put up trades and take a snapshot of what the chart looked like at the time I took it to show what a good TMS trade looks like.

If indeed you are serious about wanting to help out newbies then perhaps you can explain to them how you got from being essentially a scalper 3 years ago to an A++ TMS trader now with apparently very high R:R now because you haven't really posted for that long until this week.

Again, I'm not sure why this thread seems to bother some traders this much, the last one bothered them a lot and so does this one
  • #460
  • Apr 16, 2016 9:28pm Apr 16, 2016 9:28pm
Quoting mary4x
Babyboy, this thread is not BabyPips. It isn't about teaching the basics of forex trading--there are countless threads for that. Newbies can find the definitions of HH, LL, HL, etc., in a hundred different places on FF. The thread is about helping them learn to trade TMS.
Well said. But ....

1. If this thread is not about teaching the basic, then don't name it "TMS for Newbies Part 2". What is NEWBIES?. who are NEWBIES?.
2. Yes there are countless thread. As Pipsninja mentioning... The variation of trading style from each and invidually are different, hence that's
the reason countless thread as everyone is so proud of their holy grail method. But who,how,when can the newbies follow ??? is just too much to digest.
3. Yes, there's always help in Babypips in understanding of forex trading to begin with, as usual always back to basics.
4. Yes, the thread about helping them to learn to trade TMS, but scope level to is to wide for newbies to follow, m15/m30/h1/h4/D1.

This is a personal, and please don't be angry as I am a merely free time trader (FTT). By looking at your activeness, I bet you are still hopping around seeking
additional ground to trade. Let me ask a simple question? How much do you trust TDI indicator? 50%? 100%?

I had my own strategy with TDI confirmation. I am 1000% trusting the TDI irregardless of which version, as I am merely looking for A++ setup.
With A ++ on the plate, I dont give a damn shit about what SNR, Pivots and others. PA will break all these bullshit stuff.
Banker please return my pipins.
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