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

  • #581
  • Apr 19, 2016 7:13am Apr 19, 2016 7:13am
Quoting realjumper
{quote} Gosh...my second post in as many days!! One thing I see a lot of people doing is trying to a) trade too many pairs, and b) shoot for the big pips. In my opinion, these are both mistakes and are connected to each other. No matter what anyone says, in the early days of a traders FX life especially, emotions play a large part. It's natural and it's something that we each have to deal with in our own way. To end the day, or series of days with losses can lead to many emotions.....anger, fear, disappointment, frustration and many more. This is...
Welcome back realjumper! I remember when I was trying to trade 28 pairs. That was madness, and I got into correlation trouble almost instantly. Of course I did not know what correlation was back then!

Good to see you posting!
If you are good at something, never do it for free--Joker
  • #582
  • Apr 19, 2016 7:20am Apr 19, 2016 7:20am
What is everyone watching today? Love to see some intraday charts. What time frame do you all using throughout the day? Thanks.
Know your edge and trade within it
  • #583
  • Apr 19, 2016 7:24am Apr 19, 2016 7:24am
USDJPY H4

A textbook TMS setup that really did not require any other additional indicator.
This is still on, but I got kicked out when my TP got hit at the Big RN 109.000.
42 pips bagged.


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYproH4_19April16.png Size: 75 KB
Live life king size !
  • #584
  • Apr 19, 2016 7:34am Apr 19, 2016 7:34am
Quoting TitanM
{quote} Means...sell at the top Buy at bottom right? Let say I trade only pair EUR /USD. Due market volaity...ill only get 100 pip from daily chart setting... But then..my target is 1k pip in a month... Or should I try 3 other pair at same time? Let say: 100pip on eu+100pip on gj+100pip on ucad =300pip a week. Your advise?...suggestion?..thanks for answering all my question.
My 5 cents .... The pips are easy to count and follow your results. But pips have different values with different currency pairs. What you really should follow (and try to manage) is the risk you take with each trade (% from your account) and, if lucky, the reward you make. Trading with the same lot size and making 10 pips with two different currency pairs will give you two different amounts of $$$.
  • #585
  • Apr 19, 2016 7:36am Apr 19, 2016 7:36am
Quoting fxtrader29ca
What is everyone watching today? Love to see some intraday charts. What time frame do you all using throughout the day? Thanks.
Here is a good EURCHF cross on H4. Be mindful that unless you live in my timezone, these charts do not mean much. It is just a good example of a good cross that is in line with the higher TF.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFH4.png Size: 81 KB
If you are good at something, never do it for free--Joker
  • #586
  • Apr 19, 2016 7:39am Apr 19, 2016 7:39am
Quoting fxtrader29ca
What is everyone watching today? Love to see some intraday charts. What time frame do you all using throughout the day? Thanks.
The JPY crosses are getting close to exhaustion based on the stochs and the lower TFs.
Live life king size !
  • #587
  • Apr 19, 2016 7:54am Apr 19, 2016 7:54am
Good Morning. opinions please. If the green cross to sail up and close above the CAP, it would be a valid purchase. Thank you very much
Attached Image (click to enlarge)
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  • #588
  • Apr 19, 2016 8:06am Apr 19, 2016 8:06am
Quoting Saripefx
Good Morning. opinions please. If the green cross to sail up and close above the CAP, it would be a valid purchase. Thank you very much{image}
Here is my opinion. And it is solely mine

1. Overall trend is down. More Red APBs than Blue.
2. Green is at the moment flat going along the 50.
3. The bar sizes are small and not convincing.
4. LTF H1 has turned blue but sideways.
5. HTF D1 is already turned down.

I will not buy into it for now and be cautious even after the green crosses.
Live life king size !
  • #589
  • Apr 19, 2016 8:25am Apr 19, 2016 8:25am
Hanging onto the Dragon's tail
GBPJPY H1 +200
First entry made on M30 after price closed the weekend gap and kept moving with momentum (check your candlestick charts for the gap APB and TDI give wrong information sometimes). Trade managed on H1 then moved up to H4 overnight. Trade closed due to an incorrect trail by candle setting in CM
Second entry made at the continuation/bounce after LO. Closed manually as price getting exhausted and the fact that there are a lot of bankers speaking later today. Not pretty but effective.
Attached Image (click to enlarge)
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Never argue with a fool; onlookers may not be able to tell the difference.
  • #590
  • Apr 19, 2016 8:29am Apr 19, 2016 8:29am
Quoting Lookleft
Hanging onto the Dragon's tail GBPJPY H1 +200 First entry made on M30 after price closed the weekend gap and kept moving with momentum (check your candlestick charts for the gap APB and TDI give wrong information sometimes). Trade managed on H1 then moved up to H4 overnight. Trade closed due to an incorrect trail by candle setting in CM Second entry made at the continuation/bounce after LO. Closed manually as price getting exhausted and the fact that there are a lot of bankers speaking later today. Not pretty but effective. {image}
superb trading LL - congrats & gr8 analysis
  • #591
  • Apr 19, 2016 8:32am Apr 19, 2016 8:32am
Quoting foxtrader16
{quote} Here is my opinion. And it is solely mine 1. Overall trend is down. More Red APBs than Blue. 2. Green is at the moment flat going along the 50. 3. The bar sizes are small and not convincing. 4. LTF H1 has turned blue but sideways. 5. HTF D1 is already turned down. I will not buy into it for now and be cautious even after the green crosses.
gr8 analysis foxtrader16 - i spotted [wat i call] trend channel div on the GCad D1 ..... were the [main swing] crosses take place is mega important here ....
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  • #592
  • Apr 19, 2016 8:35am Apr 19, 2016 8:35am
Quoting Saripefx
Good Morning. opinions please. If the green cross to sail up and close above the CAP, it would be a valid purchase. Thank you very much{image}
Your TDI is flat. You move on right there.

If you must know more, big wicks, small bodies, price is inside that channel thingy you have on there.

Verdict, price action is bad.

Edit: I see you looking for a buy. If the TDI does cross up, it would be a valid signal.
If you are good at something, never do it for free--Joker
  • #593
  • Apr 19, 2016 8:37am Apr 19, 2016 8:37am
Quoting foxtrader16
{quote} Here is my opinion. And it is solely mine 1. Overall trend is down. More Red APBs than Blue. 2. Green is at the moment flat going along the 50. 3. The bar sizes are small and not convincing. 4. LTF H1 has turned blue but sideways. 5. HTF D1 is already turned down. I will not buy into it for now and be cautious even after the green crosses.
That is probably the best and simplest way I have seen trend direction described in a long time
Never argue with a fool; onlookers may not be able to tell the difference.
  • #594
  • Apr 19, 2016 8:40am Apr 19, 2016 8:40am
Quoting Lookleft
{quote} That is probably the best and simplest way I have seen trend direction described in a long time
......simple but bad way 2 describe trend unfortunately ..... the number of either candles does not always mater over range
  • #595
  • Apr 19, 2016 8:40am Apr 19, 2016 8:40am
As I am studying the TDI I am noticing that the Market base line is such important element of the TDI. It shows a shift in direction and keeps you in the trade. I am looking at it like this: Above Market Base (yellow line) I will be looking for signals in that direction. Below Market Base line, looking for shorts in that direction.

Has anyone else noticed this? Would like to hear your thoughts on the Market Base line.
Know your edge and trade within it
  • #596
  • Apr 19, 2016 8:42am Apr 19, 2016 8:42am
Quoting Lookleft
Hanging onto the Dragon's tail GBPJPY H1 +200 First entry made on M30 after price closed the weekend gap and kept moving with momentum (check your candlestick charts for the gap APB and TDI give wrong information sometimes). Trade managed on H1 then moved up to H4 overnight. Trade closed due to an incorrect trail by candle setting in CM Second entry made at the continuation/bounce after LO. Closed manually as price getting exhausted and the fact that there are a lot of bankers speaking later today. Not pretty but effective. {image}
Sweet trade Lookleft, keep teaching!

Quoting fxtrader29ca
As I am studying the TDI I am noticing that the Market base line is such important element of the TDI. It shows a shift in direction and keeps you in the trade. I am looking at it like this: Above Market Base (yellow line) I will be looking for signals in that direction. Below Market Base line, looking for shorts in that direction. Has anyone else noticed this? Would like to hear your thoughts on the Market Base line.
The MBL is a Synergy concept. It is not a TMS concept. That said, I think BigE said that if you need it, use it.
If you are good at something, never do it for free--Joker
  • #597
  • Apr 19, 2016 8:57am Apr 19, 2016 8:57am
Quoting fxtrader29ca
As I am studying the TDI I am noticing that the Market base line is such important element of the TDI. It shows a shift in direction and keeps you in the trade. I am looking at it like this: Above Market Base (yellow line) I will be looking for signals in that direction. Below Market Base line, looking for shorts in that direction. Has anyone else noticed this? Would like to hear your thoughts on the Market Base line.
This might help. Straight from the horse's mouth as they say.
Inserted Video
Never argue with a fool; onlookers may not be able to tell the difference.
  • #598
  • Apr 19, 2016 9:15am Apr 19, 2016 9:15am
Quoting Lookleft
Hanging onto the Dragon's tail GBPJPY H1 +200 First entry made on M30 after price closed the weekend gap and kept moving with momentum (check your candlestick charts for the gap APB and TDI give wrong information sometimes). Trade managed on H1 then moved up to H4 overnight. Trade closed due to an incorrect trail by candle setting in CM Second entry made at the continuation/bounce after LO. Closed manually as price getting exhausted and the fact that there are a lot of bankers speaking later today. Not pretty but effective. {image}
Super trading LL. I was looking for the opportunity when the OB formed yesterday. Went in on the break of the H1 OB
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-04-19_20-08-58GBPJPY-D1.png Size: 42 KB
Click to Enlarge Name: 2016-04-19_20-10-11GBPJPY-H1.png Size: 34 KB
Sad i'm not trying to understand PA
  • #599
  • Apr 19, 2016 9:19am Apr 19, 2016 9:19am
Traded M15 chart today , 2 trade so far +37 and + 21 pips , EA was ranging today so got to take what it gives
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I Have Learned to Take Some Losses to Make Profits
  • #600
  • Apr 19, 2016 9:50am Apr 19, 2016 9:50am
Quoting Lookleft
{quote} That is probably the best and simplest way I have seen trend direction described in a long time
Thank you lookleft.
This kind of feedback is helpful indeed. That means what you guys are telling us is getting absorbed.
Much appreciated
Live life king size !
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