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  • #70,481
  • Aug 2, 2016 11:22pm Aug 2, 2016 11:22pm
Quoting muyir
A little confused about original TMS by big E. Attached is 1H AUDCAD. Around 1 hour ago, the stoch chart went down, which perfectly matched TSI green crossing red with good angle. Also the first red PA appeared. I suppose it is a good entry for short ... 2nd candle entry 1 hour later, the price went up. Stoch line changed/repainted and it is flat now. Looking back, seems the entry 1 hour ago is not a valid one for the repainting of stoch line Updated: adding a new chart of AUDCAD as of now. TDI was repainted and the original crossing nearly disappeared...

Hi muyir,

In hindsight I can say many things that were wrong with that trade. But we must learn from backtesting without bias and try to see what was happening in realtime without looking forward in our history charts.

First, H1 trading is much more difficult than H4 and D1. To trade H1, we must put more emphasis on Price Action at Support/Resistance PASR trading. The TDI is only to confirm the price momentum what we see in the Price Action.

I made some comments on your post chart. At that time of your entry, it looked good as there was previous resistance seen far to the left and that H1 as setup candle was also valid - there was price momentum, the previous price bar was a bearish engulfing bar but hidden by the APB candles.

Attached Image (click to enlarge)
Click to Enlarge Name: muyir AUDCAD H1 trade Aug 2.png Size: 213 KB



But going forward, I suggest when you trade H1, pick a better currency pair and also look at higher timeframe and use that to decide on a day bias for intraday trading. This will help as 'filter' to pick only the higher probability trade setups in the direction of the selected day bias. This also mean we do not trade against our selected day bias and therefore will missed some trade setups which can turn out to be good profitable ones.

Look at the multi-chart below. Since we at at the beginning of a new week, I look at the Weekly and see where the price action is with relation to its 10EMA. Then on the D1, I do the same and look at how close the price action is to its 10EMA.
When the D1 candle is above the 10EMA, I will only look for buy setups and I trade away from the Day Open. Do Not trade into the Day Open especially when there is not much room for take profit. Also look at he D1 candle size, are they trending making hjgher high, higher low or lower high, lower low, or are they sideways no clear HH>HL or LH>LL.
Also, we buy or sell, it is better to buy or sell into "empty space", i.e. there must not be any recent price action above or below. These recent candles ae where buyer and sellers were b=very recently and we should avoid trading into these areas.


Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Aug 2 multi charts.png Size: 68 KB


Why did you pick AUDCAD?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,482
  • Aug 2, 2016 11:39pm Aug 2, 2016 11:39pm
Quoting firsttimer
Dear emm, I have some questions on the TMS 5 method. 1. do you strictly only enter on apb 1 or 2 only? 2. do we enter if price broke resistance or support with no tdi hooking (already hooked prior current candle and continue trend) 3. for oversold / overbought region, is medhi's method (above 80 and below 20) reliable?
Hi,

1. do you strictly only enter on apb 1 or 2 only?

Ans: NO. I will only enter on APB#1 and APB#2 when there is PASR setup with TDI as confirmation. Reversal trading is very risky and I prefer not to trade aggressive way like Big E. Use price bar patterns and look for reversal patterns to trade with.

2. do we enter if price broke resistance or support with no tdi hooking (already hooked prior current candle and continue trend)
Ans: I use the TDI with the pro setting 10,5,34,3,1,7 so I don't care about whether there is TDI hook or not. I look at the APB body and the real price bar when I scale-in (add positions) my trades.

3. for oversold / overbought region, is medhi's method (above 80 and below 20) reliable?
Ans: NO, it is not more reliable than TMS 5-Method. It all depends on the strength of the trend and where the support and resistance, market volatility, range, timing etc.
There are more TMS 5-Method trade setups with TDI cross, 12- and 4-6 bounce than with Medhi Method 1. the TMS 5-Method trend trades are much more profitable when we know how scale-in and using a proven money management strategy which is to mitigate the risks hence lowering our trade risks. Remember, when we trade TMS, we are trading the start of the trend or the price swing which are usually 3 to 8 candles. In the Medhi method 1, the run is not 3 to 8 candles.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,483
  • Aug 2, 2016 11:54pm Aug 2, 2016 11:54pm
Quoting wheelbarrowe
Hi, Emma, I have a question. How do I show the ATR index in my main window? I chose to insert technical indicators ATR it is only displayed in my technical indicators 2 window, drag also does not play a role {image}

Hi,

You cannot place ATR on the price window.
Only customer indicator have the option to show on the price window.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,484
  • Aug 2, 2016 11:58pm Aug 2, 2016 11:58pm
AUDCAD Aug 3, H1 pre-LO.

Yesterday closed bullish and with the High and Close as resistance seen now, we look for continuation of the previous D1 candle.
Avoid taking any counter trend intraday trades today.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Aug 3 H1 pre-LO.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,485
  • Aug 3, 2016 12:31am Aug 3, 2016 12:31am
GBPUSD Aug 3
we have UK service PMI data release is one hour.
should not open any new trade until 15 mins after the data release and the first spike settles down.
look at M15 for buy ...1.33000 but after the first spike.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,486
  • Aug 3, 2016 12:36am Aug 3, 2016 12:36am
What a lovely thread !
Have been reading through the past pages and some highlighted post forbetter understanding of the system. Started demo trading this weekend and will be posting my trades here for assistance,
Good work to all for keeping the thread alive and active, with a great leader-- Emmanuel.
  • #70,487
  • Aug 3, 2016 3:07am Aug 3, 2016 3:07am
Quoting emmanuel7788
{quote} Hi, You cannot place ATR on the price window. Only customer indicator have the option to show on the price window. regards,
Thank you for answering my question Emma, in price window display ATR that can make the interface looks more clean and simple, which a friend can share a that can be displayed in the window price customer index, I will be very grateful to you
  • #70,488
  • Aug 3, 2016 4:05am Aug 3, 2016 4:05am
Quoting wheelbarrowe
{quote} Thank you for answering my question Emma, in price window display ATR that can make the interface looks more clean and simple, which a friend can share a that can be displayed in the window price customer index, I will be very grateful to you

yes, all data can be displayed in the main price window with customs indicator.
there are many such ATR indicator which display the ATR in the main window.
question is what ATR data do you want to see on the price window.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,489
  • Aug 3, 2016 4:06am Aug 3, 2016 4:06am
Quoting emmanuel7788
{quote} Hi muyir, In hindsight I can say many things that were wrong with that trade. But we must learn from backtesting without bias and try to see what was happening in realtime without looking forward in our history charts. First, H1 trading is much more difficult than H4 and D1. To trade H1, we must put more emphasis on Price Action at Support/Resistance PASR trading. The TDI is only to confirm the price momentum what we see in the Price Action. I made some comments on your post chart. At that time of your entry, it looked good as there was...
Thanks Emmanuel. Spent more than 1 hour reading the reply and it is really worth that.
I choose H1 for it matches my trading time. I live in Perth and normally begin trading at 5:00 PM, and end at 11:00 PM. If H4, it is just 1.5 bars. So seems H1 is the best choice for me considering longer TF is easier.
I monitor 9 pairs, which I refer to another TMS follower. He follows 16 pairs, and i randomly pick 9 of them, since I use laptop. 9 pairs is the maximum to show in the screen, which i clearly differenitate each other.
Really I need to spend more reading more history in this thread also the replies in another thread initiated by big E, which is about CS, so that better understand price action. I have some ideas which direction to go now.

Some more questions, may be stupid ones.

1. For the buy/sell into "empty space", my understanding is to trade when trend commences and break history resistance. Right
2. What is the template to get the chart which can show MN/W1/D1 together.
3. Seems you dislike AUDCAD. wonder why

Thanks again.

muyir
Trade your belief, trade like Emmanuel
  • #70,490
  • Aug 3, 2016 5:23am Aug 3, 2016 5:23am
Quoting emmanuel7788
{quote} You can use Divergence with the RSI provided you know what is Divergence and How to use that correctly. Most of the divergence trades I see posted here in FF are not really divergence trades although they were posted shown as winning trades. From my view of the trades charts, those trade were more has to do with price action and support & resistance, and has nothing to do divergence as the trade setups. If you want to trade with RSI divergence, then you must read this book and learn how to spot divergence correctly and use that effectively....
Thanks for the detailed explanation I started reading more about divergences on babypips
  • #70,491
  • Aug 3, 2016 5:43am Aug 3, 2016 5:43am
Quoting emmanuel7788
AUDCAD Aug 3, H1 pre-LO. Yesterday closed bullish and with the High and Close as resistance seen now, we look for continuation of the previous D1 candle. Avoid taking any counter trend intraday trades today. {image}
Thanks for the reminding, no entry in this pair as of now
Trade your belief, trade like Emmanuel
  • #70,492
  • Aug 3, 2016 8:56am Aug 3, 2016 8:56am
Quoting emmanuel7788
{quote} Hi, Floating loss of 1.5% is not unusual when we trade the higher TF chart and when there correction / retracement. Like what Big E mentioned, he did not like to trade the D1 chart because the pullback can be 100 to 150 pips. Can you imagine what the DD would be like if you risk 15% to 30% of your account deposit in one single entry with TDI cross? Did you close your 3 trades? or Did you add another ME trade yesterday which is within your trade plan? If you did, then there is possibility to close with breakeven or small loss. I managed to...
Emmanuel, thanks for posting this, its a nice example of why not to panic if PA goes against the first few entries of your ME trades.
  • #70,493
  • Aug 3, 2016 10:30am Aug 3, 2016 10:30am
Dear All,

I'm following this thread silently & started to used SynergyPro system, for me results are ok.
Although I'm not a new trader but of course not expert as well & never made money. This system is helping me to make informed decisions.
Since I don't have patience, I do the scalping & due to multiple trade alerts in 1 min time frame it's really annoying.
Is it possible to suppress subsequent alerts if they are same, but it should pop up when it's different.
e.g. If exit short alert is already raised, again it should not come but enter long or exit long should come.

Another general question, if I want to read only big E's post, how to do that? reading 3525 pages is really difficult.
Thanks in advance, Happy Trading.
  • #70,494
  • Aug 3, 2016 12:06pm Aug 3, 2016 12:06pm
Quoting mahavir
Dear All, I'm following this thread silently & started to used SynergyPro system, for me results are ok. Although I'm not a new trader but of course not expert as well & never made money. This system is helping me to make informed decisions. Since I don't have patience, I do the scalping & due to multiple trade alerts in 1 min time frame it's really annoying. Is it possible to suppress subsequent alerts if they are same, but it should pop up when it's different. e.g. If exit short alert is already raised, again it should not come but enter long...

there might be a big E pfd floating around,

alternatively,click on his profile, click on his posts, scroll down to the date he made this thread... and start reading from there
  • #70,495
  • Aug 3, 2016 4:41pm Aug 3, 2016 4:41pm
Quoting muyir
{quote} Thanks Emmanuel. Spent more than 1 hour reading the reply and it is really worth that. I choose H1 for it matches my trading time. I live in Perth and normally begin trading at 5:00 PM, and end at 11:00 PM. If H4, it is just 1.5 bars. So seems H1 is the best choice for me considering longer TF is easier. I monitor 9 pairs, which I refer to another TMS follower. He follows 16 pairs, and i randomly pick 9 of them, since I use laptop. 9 pairs is the maximum to show in the screen, which i clearly differenitate each other. Really I need to spend...

Hi,

1. when traders mention "trading into empty spaces", it simply means that we do not want to see most recent support and resistance to the left on our trading charts. When we trade H1 for example, we always look back to the previous 2 ~ 3 days to see where the previous price swings were and and use them as recent support and resistance. When we see trade setups, we check to see that there is 'room' for price to move to give us a potential good R:R.

Attached Image (click to enlarge)
Click to Enlarge Name: swing highs swing low emprty space.png Size: 44 KB


2. Those are pipware minicharts. I only use them to post and show the different timeframes in one chart. Otherwise it will be too much work for me to make 5 different charts showing the different timeframe to explain the multi-timeframe ananlysis view.

here are the recent posts links:
Pipware mincharts by stratman
http://www.forexfactory.com/showthread.php?t=198729

Pipware Multi-charts Post#22,190, Post#58,291, Post#59,663
Download v7 here click to download
Post link:
http://www.forexfactory.com/showthre...17#post8202817

3. I don't dislike the AUDCAD pair in particular. I have 16 pairs in my market watch list to trade and I will avoid the 3 commodity cross pairs - AUDCAD, AUDNZD, NZDCAD. Their trading range are much lower than the EUR and GBP crosses. Also the pip value for these pair are smaller than the majors pairs.

To learn about the pip value for currency pairs, here is one website I use.
https://www.mataf.net/en/forex/tools/pip-value

https://www.mataf.net/en/forex/tools/volatility

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,496
  • Aug 3, 2016 4:55pm Aug 3, 2016 4:55pm
Quoting Nostromo
{quote} Emmanuel, thanks for posting this, its a nice example of why not to panic if PA goes against the first few entries of your ME trades.

Hi Nostromo,

One of the key to successful investing and trading is to know how to mitigate risks. When we use the percentage risk model and know when to cut our losses short, we use an initial stop loss and use Position Sizing method to calculate the the number of trades and their lots sizes, we do not have to think too much about the outcome of our trades, the wins and the losses, etc. We simple focus on our trading tasks and performs those task with confidence and discipline. After a series of trades over a longer time, we will know our trade Expectancy and this is one of the important key performance indicator as a measurement of our own trading system.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,497
  • Aug 3, 2016 5:15pm Aug 3, 2016 5:15pm
USDCAD Week 31 Aug 3, H4 trade setup example:

Take note of the market session and time of the setup. Many traders avoid taking any setup after London close hour, why?
There is also another reason why some traders would not take that setup.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 31 Aug 3 H4 example.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,498
  • Aug 3, 2016 5:19pm Aug 3, 2016 5:19pm
Quoting emmanuel7788
{quote} Hi, 1. do you strictly only enter on apb 1 or 2 only? Ans: NO. I will only enter on APB#1 and APB#2 when there is PASR setup with TDI as confirmation. Reversal trading is very risky and I prefer not to trade aggressive way like Big E. Use price bar patterns and look for reversal patterns to trade with. 2. do we enter if price broke resistance or support with no tdi hooking (already hooked prior current candle and continue trend) Ans: I use the TDI with the pro setting 10,5,34,3,1,7 so I don't care about whether there is TDI hook or not....
Dear Emm

Thanks for guidance all this while.
I have a question on your entry...When you refer to PASR setup, what do you actually mean? Price above 5Ma and above support on first apb1 or apb 2 with empty spaces with tdi confirming ? Can you share with examples? Thanks.

appreciate your guidance.
cheers

leeeta
  • #70,499
  • Aug 3, 2016 5:20pm Aug 3, 2016 5:20pm
Quoting emmanuel7788
USDCAD Week 31 Aug 3, H4 trade setup example: Take note of the market session and time of the setup. Many traders avoid taking any setup after London close hour, why? There is also another reason why some traders would not take that setup. {image}
low liquidity to move price?
  • #70,500
  • Aug 3, 2016 5:25pm Aug 3, 2016 5:25pm
Quoting emmanuel7788
USDCAD Week 31 Aug 3, H4 trade setup example: Take note of the market session and time of the setup. Many traders avoid taking any setup after London close hour, why? There is also another reason why some traders would not take that setup. {image}
Thank you for the example, Emmanuel. But is it not a 1:1 RR for the trade suggested?
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