TMS for Newbies Part 2 | Page 32 | Forex Factory

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

  • #621
  • Apr 19, 2016 9:11pm Apr 19, 2016 9:11pm
Quoting TheScorpS
Asian Session EA long on H1 +40 pips , keep working , and u sure reach ur goal , Thanks all who helped along the way {image}
Sweet trade! Awesome template! I have so many questions about it. Do you draw the boxes manually or is it an indicator? What moving average are you using there? 63% at the top, what does that measure?

Thanks in advance for your information.
Know your edge and trade within it
  • #622
  • Apr 19, 2016 10:40pm Apr 19, 2016 10:40pm
This is my first TMS trade post. Is this is a good entry on the NU. or i was just lucky. Advice needed. Thanks
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  • #623
  • Apr 19, 2016 10:46pm Apr 19, 2016 10:46pm
Quoting realjumper
Thanks for the nice 'welcome back' messages everyone. I won't be a prolific poster because, as I have said, I no longer trade TMS. However, I may have something useful to say about trading in general that could help you. I just want to follow on with what I mentioned yesterday about taking the profits if the PA (Price Action) stalls or appears to stall before reaching your target. I spoke about getting to 'first base' safely and not aiming for the big home run every time you enter the market. What I'm going to say now is along that same theme and...
Excellent advice RJ, thank you so much for taking the time out to come in here and post it, invaluable stuff!
  • #624
  • Apr 19, 2016 11:07pm Apr 19, 2016 11:07pm
Quoting realjumper
{quote} ....... reminds me something that BigE (Eric) told me way, way back .....
RJ, ...good ol`times way way back: What was your final verdict about GENESIS?

Nice to read further posting of you after such a long time.

Kind regards
  • #625
  • Apr 19, 2016 11:49pm Apr 19, 2016 11:49pm
Quoting hadamz
This is my first TMS trade post. Is this is a good entry on the NU. or i was just lucky. Advice needed. Thanks{image}
Hi hadamz,
Nice to see you posting a chart.
I'm not going to comment on the trade as such because it is probably still live.
Couple of points. I can see at least 3 indicators on your chart that have not given you a trade confirmation. Each indicator has a rule for use and if it is there you should follow the rules. That's why less indicators means less rules and less complication
The second thing is I can't see a S/L. Never enter a trade without a S/L because if you get a power outage, loose internet or have a PC crash your trade could go against you and empty your account.
Post when the trade is finished and I'm sure you'll get some good pointers.
green pips.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #626
  • Apr 19, 2016 11:50pm Apr 19, 2016 11:50pm
I have some family business to attend to, so I probably won't be on here now again until tomorrow. Hopefully some of experienced traders on here can step in to help if there are any questions or problems that come up. I'll log back in tomorrow. Good luck everyone in the meantime
  • #627
  • Apr 19, 2016 11:56pm Apr 19, 2016 11:56pm
Nice Thread for newbies. Thanks to lastingwell
Subscribed

Will post my trades here. Both looses and wins. not just wins!

Hope newbies keep this system simple as BIG E said.

Regards
  • #628
  • Apr 20, 2016 12:30am Apr 20, 2016 12:30am
Quoting fxtrader29ca
{quote} Sweet trade! Awesome template! I have so many questions about it. Do you draw the boxes manually or is it an indicator? What moving average are you using there? 63% at the top, what does that measure? Thanks in advance for your information.
U can download my template , link is below

http://www.forexfactory.com/showthre...65#post8661665

Those green dots are London Session , its an indicator that draws it automatically , u just need to set it based on ur broker server time

I use EMA 10 and EMA 200 in my template

Regards
I Have Learned to Take Some Losses to Make Profits
  • #629
  • Apr 20, 2016 2:31am Apr 20, 2016 2:31am
Quoting realjumper
{quote} Hiya Jim You and me both have been through the 'mill' and we know that it's madness trying to trade like that. Just a few pairs, compounding lots sizes etc etc is all that's needed. 'Simple' is the key word and if we keep it simple, we can do very well
any suggestion,which pairs?
  • #630
  • Apr 20, 2016 2:50am Apr 20, 2016 2:50am
UCad:
4-point trend line broken by the bar that closed below the PAC.
Hidden divergence.
Price hadn't shown much reaction at S61 previously.
Targeted DOL.
+21
Attached Image (click to enlarge)
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Thanks for your help, warmth and straight talking Heather.
  • #631
  • Apr 20, 2016 7:19am Apr 20, 2016 7:19am
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.
Good morning, thank you for the tips. Good luck
  • #632
  • Apr 20, 2016 7:30am Apr 20, 2016 7:30am
I got more than 160 pips today.No surprise.
I don't to work for other anymore.
  • #633
  • Edited 9:16am Apr 20, 2016 8:40am | Edited 9:16am
UCad again:
Bar that closed below the PAC also broke the 4-point trend line.
Rejection from S61.
Entered 10 pips late.
Targeted '00 area.
+40
Edit: and LH after hidden divergence.
Attached Image (click to enlarge)
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Thanks for your help, warmth and straight talking Heather.
  • #634
  • Apr 20, 2016 9:21am Apr 20, 2016 9:21am
Some questions regarding traders trading time. I see that many traders here are able to trade 1-3bars starting from the cross of TDI. My question here is how do you guys usually trade? Is it like you stay in front of the PC most of the time? So that when TDI crosses and the alert sounds, you are able to make the trade?

I am asking because during day time, I will be at work and by the time i reach home for dinner and bath, when i sit down in front of the PC, it is already 9pm. Trading hours are little for me. So just wondering if anyone has similar case with me and how do you cope.
  • #635
  • Apr 20, 2016 9:49am Apr 20, 2016 9:49am
Quoting theboringguy
Some questions regarding traders trading time. I see that many traders here are able to trade 1-3bars starting from the cross of TDI. My question here is how do you guys usually trade? Is it like you stay in front of the PC most of the time? So that when TDI crosses and the alert sounds, you are able to make the trade? I am asking because during day time, I will be at work and by the time i reach home for dinner and bath, when i sit down in front of the PC, it is already 9pm. Trading hours are little for me. So just wondering if anyone has similar...
You can move up to H4 or even D1 if you place your stop logically. TDI works on every timeframe.
If you are good at something, never do it for free--Joker
  • #636
  • Apr 20, 2016 10:07am Apr 20, 2016 10:07am
Quoting theboringguy
Some questions regarding traders trading time. I see that many traders here are able to trade 1-3bars starting from the cross of TDI. My question here is how do you guys usually trade? Is it like you stay in front of the PC most of the time? So that when TDI crosses and the alert sounds, you are able to make the trade? I am asking because during day time, I will be at work and by the time i reach home for dinner and bath, when i sit down in front of the PC, it is already 9pm. Trading hours are little for me. So just wondering if anyone has similar...
It is not exactly my case, but I am trying to be away from computer and force myself to use higher timeframes. You can trade Daily charts and also create your own timeframes (for example H12, H8, H6 etc..) which will suit your day. So you must check your charts only 2,3,4 times per day ....
  • #637
  • Apr 20, 2016 10:23am Apr 20, 2016 10:23am
Just took the following two trades this moment
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  • #638
  • Apr 20, 2016 11:05am Apr 20, 2016 11:05am
Quoting griffinssoul
{quote} ......simple but bad way 2 describe trend unfortunately ..... the number of either candles does not always mater over range
In trading, you have to be defensive and aggressive at the same time
  • #639
  • Apr 20, 2016 11:07am Apr 20, 2016 11:07am
Quoting kilns
Just took the following two trades this moment {image} {image}
With you the EU and going well atm.
I also decided to buy USDCHF and that has been very supportive of the EU trend.
Live life king size !
  • #640
  • Apr 20, 2016 11:09am Apr 20, 2016 11:09am
Does anyone have the weekly high low indicator they would kindly share?
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