Thanks. I do understand that there more than 1 way to get to this and you have very succinctly put it here. Would you be able to share this book by Phx62 that you mention here ?

TMS for Newbies Part 2

Thanks Lookleft. If I had to go by H1 I would have exited at the BRN of 161.000 But on the other hand if I stayed on with H4 wearing my blinders, I would stay on with the trade and look to see how our dear TDI behaves or misbehaves. In fact this ...

TMS for Newbies Part 2

It was great that this BUY trade worked out. But I also see that there was a major resistance ( 3 touch +) in the way. I am attaching the picture of the trade with the resistance line drawn (yes, it is more a zone than a line). As per rules of the ...

TMS for Newbies Part 2

Thanks Lookleft I guess by sticking with 4H I am being cautious and conservative. But I would like to stretch out a bit. From what you suggest it does seem to be a valid option. But as you suggested, I will have to test drive it. I will report ...

TMS for Newbies Part 2

BG, I am in the same boat as you are. So I trade 4 H. I often find that I have missed out of valid trade setups as I am out to work. See when you are trading 4Hs, you do not get a lot of setups. When I get up at night, I will often walk over to my ...

TMS for Newbies Part 2

Thanks Bill. I found that the complementary pair USDCHF moved quite vigorously. Since I am able to monitor them from my iPhone MT4 app, I have decided to have a mental stop depending on how it is moving. I want to see how far it goes and will exit ...

TMS for Newbies Part 2

It has been a good day so far. Classic TMS with no frills. EURUSD H4 SELL image USDCHF H4 BUY image These are live trades and still on. I have exited my initial lot entries and booked some profit.

TMS for Newbies Part 2

With you the EU and going well atm. I also decided to buy USDCHF and that has been very supportive of the EU trend.

TMS for Newbies Part 2

Nice one kiln . Personally I would have waited for that APB 1 to complete for confirmation. Overall trend is up as per D1 though the last few days it has been down. H1 has gone Blue over the past 4 hours. Stay on your toes and green pips ...

TMS for Newbies Part 2

USDCHF H4 SELL Made the trade on bounce. Validated against H1 and D1. Let me know if this was a good rationale. At the moment I am in black. image

TMS for Newbies Part 2

Thanks Griffinssoul. I missed that one. So I keep learning from you guys

TMS for Newbies Part 2

Thank you lookleft. This kind of feedback is helpful indeed. That means what you guys are telling us is getting absorbed. Much appreciated

TMS for Newbies Part 2

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 ...

TMS for Newbies Part 2

The JPY crosses are getting close to exhaustion based on the stochs and the lower TFs.

TMS for Newbies Part 2

USDJPY H4 A textbook TMS setup that really did not require any other additional indicator. This is still on, but I got kicked out when my TP got hit at the Big RN 109.000. 42 pips bagged. image

TMS for Newbies Part 2

Not really. It was established that Mr Aussie was in fact teaching the de facto original conservative rules of the TMS game It was more focussed towards guys or gals getting initiated into TMS. We all know that even Big E changed gears and moved ...

TMS for Newbies Part 2

Thank you so much BP. Invaluable street smart tips. Requires a lot of love and patience. Just like your cooking

TMS for Newbies Part 2

And to add to this ... support and resistance are not mere lines but rather regions. Think of it as more like a belt stretched across your chart.

TMS for Newbies Part 2

It does look like you may have bought into a resistance. Look to the left. The MBL is pointing down. The green TDL cross is not convincing. Look at the previous cross and you may see what I am saying. I am new to TMS, but this was my observation. I ...

TMS for Newbies Part 2

Thanks for your feedbacks. With the avalanche of news coming out I took whatever I could grab and closed all my trades.

TMS for Newbies Part 2