TMS for Newbies Part 2 | Page 26 | Forex Factory

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

  • #501
  • Apr 18, 2016 3:13am Apr 18, 2016 3:13am
Quoting griffinssoul
GU H4 - here is a losing trade - wat did i do wrong ........ there goes my application 2 b a GURU {image}
You have enterd the trade on the third bar green bar or if you count bars from crossover the 4th bar

We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
  • #502
  • Apr 18, 2016 3:15am Apr 18, 2016 3:15am
IMO no 1 can give u a package and say - unbox this .... follow wats inside and u will be a successful trader - i cant see this ever working ..... the best that any senior trader can do is say this is how i do it - these r the rules i follow [like LW has done on the page 1] ..... learn from my posts & form ur own style of trading this way [if this is the way 4 u] ..... look @ wind.rpha - a classic example of all this in action
  • #503
  • Apr 18, 2016 3:19am Apr 18, 2016 3:19am
A few years ago, prompted by Phx62 saying that the H or L of the London session is often set in the first few hours, I did some analysis over 100 days on all the pairs I was trading at that time (about 12 perhaps?). He was right. The figure was around 70%.
ECad:
divergence, and the theory that price likes to fill any weekend gap.
+43
Out at long-term resistance (solid green line), previous H and S100.
The gap may well be filled but I'm happy with my 43
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Edit: That was 70% in the first 3 hours.
Thanks for your help, warmth and straight talking Heather.
  • #504
  • Edited 3:46am Apr 18, 2016 3:22am | Edited 3:46am
Quoting griffinssoul
GU H4 - here is a losing trade - wat did i do wrong ........ there goes my application 2 b a GURU {image}
Hi GS, My 2cents.

When TDI come out point A, High is created. Then price travel south to Point B, Low created. When B Climb to C, already told you LH Created.
Do you think the TDI drop to below 50 means price will climb back? Remember this is H4. Normally 50 area is where the whipsaw start. If I were to buy I would wait for Real LL or HL created when the TDI touch 32. Then I would scan where is my entry to long. at your point, ppl want to sell and ppl want to buy... this is whipsaw.

At this point looking at the chart, I may start buying now.
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Banker please return my pipins.
  • #505
  • Apr 18, 2016 3:40am Apr 18, 2016 3:40am
Quoting Babyboy
{quote} Hi GS, My 2cents. When TDI come out point A, High is created. Then price travel south to Point B, Low created. When B Climb to C, already told you LH Created. Do you think the TDI drop to below 50 means price will climb back? Remember this is H4. Normally 50 area is where the whipsaw start. If I were to buy I would wait for Real LL or HL created when the TDI touch 32. Then I would scan where is my entry to long. at your point, ppl want to sell and ppl want to buy... this is whipsaw. {image}
Hi，do you trade H4 TF or m30
  • #506
  • Apr 18, 2016 3:46am Apr 18, 2016 3:46am
Quoting leescofield
{quote} Hi，do you trade H4 TF or m30
Sorry, I trade daily only for A++ setup. Anything lower is whipsaw.

I can't teach anything related TMS. Because it'll confuse you guy, as well as LW. What I can advise only TDI.
Banker please return my pipins.
  • #507
  • Apr 18, 2016 3:47am Apr 18, 2016 3:47am
Quoting Kanderpro
A few years ago, prompted by Phx62 saying that the H or L of the London session is often set in the first few hours, I did some analysis over 100 days on all the pairs I was trading at that time (about 12 perhaps?). He was right. The figure was around 70%. ECad: divergence, and the theory that price likes to fill any weekend gap. +43 Out at long-term resistance (solid green line), previous H and S100. The gap may well be filled but I'm happy with my 43{image} Edit: That was 70% in the first 3 hours.
I have noticed this in the past but stopped trading it after a while because the negative correllation always drifts out without warning.
No matter how profitable you are you have to discount around 15% for when it (eventually) starts going against you, so for me it was only around 55-60%.
  • #508
  • Apr 18, 2016 3:50am Apr 18, 2016 3:50am
Quoting Babyboy
{quote} Hi GS, My 2cents. When TDI come out point A, High is created. Then price travel south to Point B, Low created. When B Climb to C, already told you LH Created. Do you think the TDI drop to below 50 means price will climb back? Remember this is H4. Normally 50 area is where the whipsaw start. If I were to buy I would wait for Real LL or HL created when the TDI touch 32. Then I would scan where is my entry to long. at your point, ppl want to sell and ppl want to buy... this is whipsaw. At this point looking at the chart, I may start buying...
Thanks for the explanation...
Is it stochastic same as well?
  • #509
  • Edited 4:39am Apr 18, 2016 4:27am | Edited 4:39am
Quoting TitanM
{quote} Thanks for the explanation... Is it stochastic same as well?
You can treat 32 and 68 as stoich over bought and over sell mode.

Basically, TDI alone will tell you everything. When you observe carefully, once the price come outs from the 32 and 68, That's the real swing begin.
But ofcourse, you dont expect prices straight away went 100pips. Because the market sentiment are still opposite. So when the TDI reach 50, this is where the whipsaw start. Until the price decide to go for 32 or 68 again.
Banker please return my pipins.
  • #510
  • Apr 18, 2016 4:39am Apr 18, 2016 4:39am
Hi friends, can anyone tell me how to set the visualization parameter to D1 in my 4htf? Is it possible right?? I m looking for information in google but i dont find it..
Thank you in advance.
“Stops don’t limit profits — they prevent disasters.”
  • #511
  • Apr 18, 2016 4:50am Apr 18, 2016 4:50am
Quoting socrateez
{quote} I have noticed this in the past but stopped trading it after a while because the negative correllation always drifts out without warning. No matter how profitable you are you have to discount around 15% for when it (eventually) starts going against you, so for me it was only around 55-60%.
Hi Socrateez,
I'm sorry, I don't understand you reference to negative correlation.
When I saw the gap, the divergence and the strong pullback my only thought was that this has a chance to be the session high.
K
Thanks for your help, warmth and straight talking Heather.
  • #512
  • Apr 18, 2016 4:50am Apr 18, 2016 4:50am
Quoting realjumper
Hi there LW. A friend mentioned that you now have a thread here at FF so I thought I'd drop by to check it out. I haven't been here for about a year or more because FF is not a place that (quite frankly) is of any use to me and I think that in my time here in the past, I have 'paid my dues' anyway! So, I have read through your thread and I must congratulate you for having the courage and concern to start your own thread, and the maturity to stay out of the pettiness that seems to be infecting the original thread. It's very easy to hijack someone...
Great post from a true original TMS pro
  • #513
  • Apr 18, 2016 5:33am Apr 18, 2016 5:33am
Quoting Babyboy
{quote} Hi GS, My 2cents. When TDI come out point A, High is created. Then price travel south to Point B, Low created. When B Climb to C, already told you LH Created. Do you think the TDI drop to below 50 means price will climb back? Remember this is H4. Normally 50 area is where the whipsaw start. If I were to buy I would wait for Real LL or HL created when the TDI touch 32. Then I would scan where is my entry to long. at your point, ppl want to sell and ppl want to buy... this is whipsaw. At this point looking at the chart, I may start buying...
many thnx Babyboy & Tekkies
  • #514
  • Apr 18, 2016 5:42am Apr 18, 2016 5:42am
CadJ H4 - this was a inside bar/harami confirmed - entry was [like UJ] more of a bounce than cross - kink on the D1 off the D1-W1 res zone - all out [3 tickets] cause of gap - side note did not enter NJ/AJ cause correlation look'd a bit off .....
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  • #515
  • Apr 18, 2016 5:49am Apr 18, 2016 5:49am
Quoting Babyboy
{quote} You can treat 32 and 68 as stoich over bought and over sell mode. Basically, TDI alone will tell you everything. When you observe carefully, once the price come outs from the 32 and 68, That's the real swing begin. But ofcourse, you dont expect prices straight away went 100pips. Because the market sentiment are still opposite. So when the TDI reach 50, this is where the whipsaw start. Until the price decide to go for 32 or 68 again.
Many thanks...
Did u receibed my pm??
  • #516
  • Apr 18, 2016 5:59am Apr 18, 2016 5:59am
GJ H4 - following UJ H4 [CadJ not as strongly correlated wit these 2] ..... [this is were i start 2 trade diff from Big E & LW - if i see a free ride i jump on the train ] - again all out on gap ...........
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  • #517
  • Apr 18, 2016 6:04am Apr 18, 2016 6:04am
Quoting griffinssoul
GJ H4 - following UJ H4 [CadJ not as strongly correlated wit these 2] ..... [this is were i start 2 trade diff from Big E & LW - if i see a free ride i jump on the train ] - again all out on gap ........... {image}
Hey GS is your sup and res manually drawn I am trying to better my lines but no luck
  • #518
  • Apr 18, 2016 6:29am Apr 18, 2016 6:29am
Quoting trade786
{quote} Hey GS is your sup and res manually drawn I am trying to better my lines but no luck
IMO u can only improve supp&res line for ur trading only - there is no 1 way 2 do it cause any way will work ..... we r trading a mostly random market [as far as we see it] so this means if u place lines anywere on the chart they will become supp&res in the future most likely - & most like they have been supp&res in the past .... there r many ways to do this ..... wicks end - smallest wick most touches - close line - candle pattern [example - a tram track would be supp&res etc] .... i always do this manually
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  • #519
  • Apr 18, 2016 6:31am Apr 18, 2016 6:31am
Quoting griffinssoul
{quote} IMO u can only improve supp&res line for ur trading only - there is no 1 way 2 do it cause any way will work ..... we r trading a mostly random market [as far as we see it] so this means if u place lines anywere on the chart they will become supp&res in the future most likely - & most like they have been supp&res in the past .... there r many ways to do this ..... wicks end - smallest wick most touches - close line - candle pattern [example - a tram track would be supp&res etc] .... i always do this manually {image}...
Thanx GS closely following your analysis your doing great
  • #520
  • Apr 18, 2016 6:38am Apr 18, 2016 6:38am
Quoting trade786
{quote} Thanx GS closely following your analysis your doing great
...... i always look long term ..... and never @ my feet
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