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- bythepound replied Mar 20, 2020
Skyfinger - still here. It's a good thread. Maybe too good. One thing that I am doing is using the 4HR chart to get the trend and then using the 5 min to time the entry. I bagged 50 pips this morning. You can use a Weekly trend and enter using the ...
Trading Made Simple(r)
- bythepound replied Mar 20, 2020
This used to be a great thread. While I no longer use the TMS strategy alone, I learned a lot from it and I still use some of the key strategies offered here. I personally spoke with ellfranz before he passed. He was so helpful and passionate about ...
Trading Made Simple
- bythepound replied Feb 14, 2020
40Pips - Try to only pick entries where the stochastic lines are touching, or almost touching, and moving in the same direction. Pointing between 12-2 or 4-6 o'clock is best. This suggest strong momentum in the move. I use the RVI (Relative Vigor ...
Trading Made Simple(r)
- bythepound replied Jan 29, 2020
Today's NZD/CAD trade on the daily TF - entered at the vertical yellow line (a little late). I use the TDI as an exit indicator only.
Trading Made Simple(r)
- bythepound replied Jan 29, 2020
Traders, One of the most useful tools that I stumbled across last week is called the IG Client Sentiment Report. It is released twice a day as a free service from DailyFX. It really turned my trading around in the last week. I used the report to ...
Trading Made Simple(r)
- bythepound replied Jan 28, 2020
I would stop trading the 1 HR TF and focus on the 4 HR, but better yet the Daily. There is less chop. Also, look for setups where the Stochastic lines are very close, I mean VERY close and moving in the same direction. Look at your EA chart from the ...
Trading Made Simple(r)
- bythepound replied Jul 5, 2019
Great post RH. Totally agree. I started trading TMS(r) this week and so far, so good. Up 200 pips despite some small losses and several very good moves that I missed due to my busy work schedule.
Trading Made Simple(r)
- bythepound replied Feb 21, 2018
@Emmanuel - thanks for the analysis above. I have been looking at the OHLC data of H4 charts that you mention above. Good stuff. I have also been trying to locate these multi TF charts. Do you have a link?
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- bythepound replied Feb 16, 2018
@Emmanuel, I am still getting the hang of taking trades based on the engulfing candle method. I marked these charts with a yellow line with my interpretation of the "rules" in this case. Are these valid and would you have/have not chosen the same ...
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- bythepound replied Feb 5, 2018
It's a commercial indicator that was issued by the vendor and it won't work if I post it here. They "customize it" for the buyer.
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- bythepound replied Feb 2, 2018
@Joseph95, Are the trade results on your trade explorer for the past 30 days directly related to this thread's trading method? I know you say to disregard the results because it's an old TE that you are trying to recover, but I assume the trades ...
I challenge you to fail with this
- bythepound replied Feb 1, 2018
Live trades closed today. My loser was on the E/G because I failed to adjust my stop as the trade became profitable. The E/U was a small gain after running up and then coming down to hit BE. Entries at vertical yellow, exits at second vertical line. ...
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- bythepound replied Jan 26, 2018
It's not apples vs oranges if folks would use the TDI as a momentum indicator like it should be used, vs. an entry single. Take a 1 2 3 entry in conjunction with a TDI bounce for example.
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- bythepound replied Jan 26, 2018
Divergence and Cableguy, Your posts have been very useful in helping the newbies gain a better understanding of what’s going on behind the scenes, and perhaps not getting so hung up on the TDI and PAC. Blindly taking TMS entries is stupid. If the ...
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- bythepound replied Jan 25, 2018
Onejester, you might apply a multiple moving average like the ones in my posts and see if that may have helped. MMAs are just a tool to help show the trend. They are not perfect but they seem to help filter bad trades while still offering plenty of ...
Trading Made Simple