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  • #74,381
  • Jan 3, 2017 12:51pm Jan 3, 2017 12:51pm
So i have attached an example chart- my entry candle is designated with a red arrow on top, i would enter at the open of this candle.

Would this still fit within the rules of this system.. is this candle 2?
Attached Image (click to enlarge)
Click to Enlarge Name: Entry candle.png Size: 22 KB
  • #74,382
  • Jan 3, 2017 1:27pm Jan 3, 2017 1:27pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting eaymon
{quote} TDI cross first then use HA for confirmation not the other way around.
Thank you very much, eaymon
  • #74,383
  • Jan 3, 2017 2:02pm Jan 3, 2017 2:02pm
Quoting Roni26
So i have attached an example chart- my entry candle is designated with a red arrow on top, i would enter at the open of this candle. Would this still fit within the rules of this system.. is this candle 2? {image}

Anybody???
  • #74,384
  • Jan 3, 2017 2:15pm Jan 3, 2017 2:15pm
To aid in multi time frame analysis is there a dashboard for TMS and TDI?
  • #74,385
  • Jan 3, 2017 2:23pm Jan 3, 2017 2:23pm
Quoting Roni26
{quote} Anybody???
Enjoy
Attached Image (click to enlarge)
Click to Enlarge Name: Entry candle.png Size: 489 KB
  • #74,386
  • Jan 3, 2017 2:25pm Jan 3, 2017 2:25pm
Quoting Ygr
To aid in multi time frame analysis is there a dashboard for TMS and TDI?
Have you made any effort to search / read some of the posts?

Use paperclip or search (top right of webpage)
  • #74,387
  • Jan 3, 2017 3:10pm Jan 3, 2017 3:10pm
Classic
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.eDaily.png Size: 85 KB
  • #74,388
  • Jan 3, 2017 3:28pm Jan 3, 2017 3:28pm
Quoting Ygr
To aid in multi time frame analysis is there a dashboard for TMS and TDI?
This thread may have what you are looking for...http://www.forexfactory.com/showthre...68#post9379768

If you have questions regarding the TMS Monitor please ask them in its own thread, not here in tms, thanks.

Best
N
  • #74,389
  • Jan 3, 2017 4:39pm Jan 3, 2017 4:39pm
Quoting Tekkies
{quote} Enjoy {image}
Hi Tekkies,

Thankyou for your analysis of my chart.

The reason I entered at the start of a new candle is that it adds extra confirmation of the direction, the cross can make a cross but then close in another direction?

What are your thoughts? should we enter as soon as cross is seen without the candle actually closing?

Kind regards,
Amar
  • #74,390
  • Jan 3, 2017 4:57pm Jan 3, 2017 4:57pm
Yes. That's what I was looking for. I tried to find it and couldn't. Thanks so much. Edit: Is there a minor that shows all at once like D H4 H1 15M etc.?
  • #74,391
  • Jan 3, 2017 5:20pm Jan 3, 2017 5:20pm
Quoting Divergence
what happened craigs stoc method didnt work?
i have no idea
  • #74,392
  • Jan 3, 2017 5:42pm Jan 3, 2017 5:42pm
Quoting Roni26
{quote} Hi Tekkies, Thankyou for your analysis of my chart. The reason I entered at the start of a new candle is that it adds extra confirmation of the direction, the cross can make a cross but then close in another direction? What are your thoughts? should we enter as soon as cross is seen without the candle actually closing? Kind regards, Amar
Roni,

Your entry was on HA candle 2 and therefore followed the rules correctly.

Whether to enter at the very beginning of candle two, or when candle two breaks the low of candle one, or during an initial retrace of candle two is discretionary. I believe the 'safest' option would be when candle two breaks the low of candle one, usually this way you catch momentum, but this is my personal observation not a hard rule, and indeed doesn't always work.

On higher TF's, I usually either enter on the break of candle one or take a LTF tms setup in m5/m15 within candle two. It depends on the setup.

If you are comfortable with PA, and see a good setup off S/R you can enter before candle one closes, but doing so is riskier.

When did you exit the trade?

Best,
N.
  • #74,393
  • Jan 3, 2017 6:25pm Jan 3, 2017 6:25pm
Quoting Nik-Nyc
{quote} Roni, Your entry was on HA candle 2 and therefore followed the rules correctly. Whether to enter at the very beginning of candle two, or when candle two breaks the low of candle one, or during an initial retrace of candle two is discretionary. I believe the 'safest' option would be when candle two breaks the low of candle one, usually this way you catch momentum, but this is my personal observation not a hard rule, and indeed doesn't always work. On higher TF's, I usually either enter on the break of candle one or take a LTF tms setup in...
Nik-nyc,

Thankyou for casting your eye on my trade.

I am torn between the two variations- Big E advocated that we enter the trade on the first candle cross, this means not even waiting for that candle to close?
I normally wait for the crossing candle to close then enter at the open of the new candle as shown on my EURGBP chart.

I just dont want to be entering on a third candle- can someone give me an example of where a third candle sits after the cross of a candle, i am fearful that the EURGBP candle i entered on would be considered a third candle? and thus have been entering all my trades on this variation.

Roni
  • #74,394
  • Jan 3, 2017 6:40pm Jan 3, 2017 6:40pm
Quoting Roni26
{quote} Nik-nyc, Thankyou for casting your eye on my trade. I am torn between the two variations- Big E advocated that we enter the trade on the first candle cross, this means not even waiting for that candle to close? I normally wait for the crossing candle to close then enter at the open of the new candle as shown on my EURGBP chart. I just dont want to be entering on a third candle- can someone give me an example of where a third candle sits after the cross of a candle, i am fearful that the EURGBP candle i entered on would be considered a third...

Roni,

i am not at my computer, thus cannot post a chart now.

However the candle 1/2 rule is regarding the heiken ashi candles and their color change. If you switch your chart from Japanese candles to bar chart you will be able to see the HA candles more clearly.

In the chart you posted with a red downward arrow marking your entry, that is candle 2. The candle before is candle 1, and the candle after your entry is candle 3. Simple.

Best,
N
  • #74,395
  • Jan 3, 2017 7:09pm Jan 3, 2017 7:09pm
Quoting Nik-Nyc
{quote} Roni, i am not at my computer, thus cannot post a chart now. However the candle 1/2 rule is regarding the heiken ashi candles and their color change. If you switch your chart from Japanese candles to bar chart you will be able to see the HA candles more clearly. In the chart you posted with a red downward arrow marking your entry, that is candle 2. The candle before is candle 1, and the candle after your entry is candle 3. Simple. Best, N
Nik-nyc,

Thankyou again for the informative information- Could i kindly request for you to provide an example chart so I know where candle 3 would be after a cross just to get some more clarity.

And yes I used HA candles on the chart as advocated by Big E, he says when colour changes of a candle to enter as soon as the cross occurs rights- or am i missing something?
  • #74,396
  • Jan 3, 2017 10:48pm Jan 3, 2017 10:48pm
GBPUSD H1 trading Jan 4:

Market liquidity remains thin after the holidays so I trade simply based on the D1 chart price action.
Looking for potential sell TMS setups during London session today.
Details on my chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1 Jan 4 pre-LO.png Size: 94 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,397
  • Jan 3, 2017 10:55pm Jan 3, 2017 10:55pm
AUDUSD and AUDJPY - Two of my favourites pairs to trade during the morning Sydney-Tokyo session.

Did you see those D1 chart price action setups?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD H1 Jan 4 BUEB.png Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY H1 Jan 4 D1 IB breakout.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,398
  • Jan 3, 2017 11:00pm Jan 3, 2017 11:00pm
Quoting pips29
{quote} good trade...I was busy sorting things out and missed out...and I thought you will resume trading later on...guess the devil got the better of you

Hi,

This week and next week I only trade H1 Intraday.... very short term trades 3 to 4 hours duration and closing my trades before NY session open.
Give the various markets time to settle down and liquidity flow will resume between the various markets.
Will resume my 4H Swing trades and D1 position trades in Week 03, Jan 16 onwards.

Trade Well,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,399
  • Jan 3, 2017 11:06pm Jan 3, 2017 11:06pm
Quoting Ygr
Yes. That's what I was looking for. I tried to find it and couldn't. Thanks so much. Edit: Is there a minor that shows all at once like D H4 H1 15M etc.?

@Ygr,

You don't need to see so many different timeframe.
All I look at is 4 different chart timeframes.
For example, when I trade H4 - I look at the market condition of D1 and W1 and take the setup on H4. This is the Triple Screen trading system concept by Dr Alexander Elder. We need the 3 timeframes to be in confluence and there is no conflict.
H1 is to see if the H4 setup has the momentum when we enter on APB#1 as an example.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,400
  • Jan 3, 2017 11:12pm Jan 3, 2017 11:12pm
Quoting eaymon
{quote} TDI cross first then use HA for confirmation not the other way around.

It should be Price Action first, then the TDI cross or bounce as the confirmation signal.

TMS 5-Method Basic Rules: Post#53,841
Two very important posts: Post#261 and Post#647,
Always check the #1- Price Action first, then #2- TDI Post#3142

The TDI is based on the real price OHLC depends on which setting you chose. Hence the TDI will lag the price. If you read the price action very well, you will see the TDI behaviour correctly.

Some say: the price action is leading indicator, True or False?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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