My "mornin' quickie", TOK_5H.
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- #72,662
- Edited 3:53pm Oct 26, 2016 1:24pm | Edited 3:53pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
I thought to post some advice's for people looking to day trade TMS with Multiple entries and exits, from little experience I have ..
- If your picking 5 Favourite pairs per week to trade after looking at your charts, pick one or two to trade that week, pick the one your most confident in!
- Stay the course and Hold the trade for at least five day's If trade is not invalidated
- Be patient when selling/buying in downtrend/uptrend, wait for confirmation and bearish/bullish candles, Don't be late either, retailers tend to be aggressive in entries and rush things.
- Don't worry too much now about where your building positions, pick a simple approach, elect your technical stop loss and manage trade daily.
- Finally, be confident and let trade run. if your trading majors, elect to possibly to take profits every 30 pips and add in every 30 pips retracement.
- Use your experience in trading and don't be afraid to do things your way. Remember everyone's different.
- Stick to TMS core principles
Best of luck...
It's in fear when people show what they truly value.
{quote} Hi, I know many traders here who stopped trading the aggressive entry style of Big E and they all moved on to the Synergy Advanced trading model since few years ago. It is conservative but with their own money management strategy, they are mostly profitable. None of them would want to risk more than 3% of their account deposit for every trade. If you are new to trading, I suggest you only trade those 8 pairs which Big E traded between 2008 and 2010. The market has changed a fair bit since then and we need to make adjustments when we trade...
By the way that is a fantastic tool that TMSmonitor, thanks for that Emmanuel! One minus is that every minute it checks and pops up an alarm, is a bit annoying. Also it takes a while to load sometimes when I switch 4H/1H... I wish it had a refresh verification, in case it got bugs in it.
First day of trading TMS, I netted 144 pips omg
!! Really excited now. I wonder if it was just a good day for trading or this TMS strategy is simply amazing ! Did you guys had good trades too today?Looking for some easy way to switch more easy to a pair when I want to check a graph of an open order... I get crazing in scrolling through the little icons in MT4 to find the right pair
greetz,
bunne
- #72,669
- Oct 26, 2016 9:01pm Oct 26, 2016 9:01pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #72,672
- Oct 27, 2016 3:46am Oct 27, 2016 3:46am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #72,673
- Oct 27, 2016 3:56am Oct 27, 2016 3:56am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #72,674
- Oct 27, 2016 4:01am Oct 27, 2016 4:01am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
Hello , please comment, dan {image} {image} {image}
Good share Dan. Thanks.
Your approach is consistent.
What you need now is a proven money management strategy to trade TMS...
and make money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #72,675
- Oct 27, 2016 4:26am Oct 27, 2016 4:26am
Hello , please comment, dan {image} {image} {image}
- #72,677
- Oct 27, 2016 4:56am Oct 27, 2016 4:56am
- Joined Jan 2013 | Status: Trader | 4,386 Posts
MA provides the market's current direction and strength.
- #72,678
- Edited 5:35am Oct 27, 2016 5:15am | Edited 5:35am
- | Joined Jul 2012 | Status: Trader | 302 Posts
{quote} Good share Dan. Thanks. Your approach is consistent.
Correct me:
Main picture is Daily (UT, DT or Sideways)
If I have Daily DT, and H4 same direction (short together), and find H4 Setup, I take it.
If price turn in opposite direction (long), I open M15 chart, and wait Swings. Every swing which give me TDI signal for short (direction of D1 and H4), I take it with Mini lot. Am I wrong?
Regards, dan
- #72,679
- Oct 27, 2016 5:27am Oct 27, 2016 5:27am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} You are absolutely right, Grif. Apologies, mate! I think I owe some explanations why I chose to enter a buy on AJ at that time, just so that no one gets confused. First of all, I am not trading exactly as Emm, so he may have traded differently this pair. I was following the W1 candle, which closed higher than the previous one, and it broke the resistance, and it was looking like the bulls were in control, so I was expecting the move up to continue. Furthermore, if we look left, we see that we were inside a WRB (2 WRBs, actually), and I assumed...
....... that makes it 100000x more clear wat u r doing 
- #72,680
- Oct 27, 2016 5:38am Oct 27, 2016 5:38am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} Well put griffinssoul .... if you don't take money management seriously, you will NEVER make money trading over the longer term.
i agree wit risk management @ the heart of it ......... IMO many traders can make steady gains but then when they lose [& we all do] the loses r much larger than the increments for the gains ........ this never made sense 2 me until i started 2 think y this was like this 
.........The most important rule is to play great defense, not great offense. Paul Tudor Jones
Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead. Paul Tudor Jones