The MBL will help guide you to a possible reversal as it will turn round and start heading up. As far as trades I would have taken with pure TMS, the answer is none. I trade from LO so the train had left the station without me. It's as important to ...

(binned per thread starter's request) TMS for Newbies

Hi bill, Looking at your chart, which way has the trend been going all day? Also have a quick look at H4 and see the trend. You were looking to swim uphill. You might benefit from using a TDI with an MBL which will help. Also taking trades with the ...

(binned per thread starter's request) TMS for Newbies

Nice to see you back MrAussieFX with your informative charts and explanations. I'm subscribed

(binned per thread starter's request) TMS for Newbies

Hi antonym, Yes S/R can seem confusing at first. I mainly trade H1 so here is how I mark up my setup chart at the beginning of a week. Mark last months high/low and last weeks high/low. I have an indicator that shows yesterday's high/low, big round ...

Trading Made Simple

Nice start nijemho, Not letting profits run is something that every trader suffers regardless of the trading method they use. It will come with experience and confidence

Trading Made Simple

Hi bill, In my opinion only 2 lines on that indicator that would be of any use for S/R are last weeks high and low but you can add them to your chart manually easily enough the rest will just clutter your chart and add to confusion. I've just sent ...

Trading Made Simple

Hi bill, Unfortunately there is no hard and fast rule. I've had the opposite happen many times where a trade seems to have stalled, gone and got a coffee only to find when I get back to my screen that price has moved nicely in my favor. If you pick ...

Trading Made Simple

There is no reason you can't trade within the range if price has room to move especially with a big range like that on GBPAUD. You could also drop down to H1 had trade inside the range. S/R comes in many different forms.

Trading Made Simple

The one marked with the arrow could be regarded as a WRB. It is basically yesterday's high and low (crazy day ). The red line is the area of S/R you are trading into. Look back and see that price has reacted to it. The blue line is also a S/R ...

Trading Made Simple

Last one I can find was in post #66038. Previously they where almost a weekly event. Required study for a Sunday afternoon. I haven't forgot by the way, just very busy.

Trading Made Simple

There is a S/R zone at 1.9000 where price has reacted previously. Next area to watch would be 1.8900 which is the bottom of the WRB. Trade carefully as the market is still in reset mode after yesterday's moves.

Trading Made Simple

Thanks for your support TSS. Let's keep the thread how eelfranz would have wished it to go. PS: Keep posting those weekly preview charts, they are a goldmine.

Trading Made Simple

Thank you lastingwell, from you I feel humbled Edit: It would be great if you came back and joined us every now and then

Trading Made Simple

Forget ME/ME, SE/ME or scaling in, if the next 6 out of your 10 TMS method trades don't earn you at least 20 pips per trade (h4 should be 40) the best MM strategy won't work. You need to learn how to make a correct entry and when to exit. My opinion ...

Trading Made Simple

You'll get much better results if you trade in the same direction as the next higher TF. If you are entering an H1 trade the H4 does not have to have crossed in your direction, it could be hooking over or PA might indicate it is going to go in the ...

Trading Made Simple

Just trying to keep things simple

Trading Made Simple

If the conditions are right and there is enough free space for price to move and enough pips, I don't see why not and there is nothing stopping you dropping down to M30 or M15. Obviously I would not trade an H1 cross if it was in the opposite ...

Trading Made Simple

Looks like you caught the news train.

Trading Made Simple

Think what a master candle or WRB is. If you have a WRB on the daily what is the top and bottom of the bar on the H1 and H4? If you have a master candle on H4 what is top and bottom of the candle on H1 and lower TF ? S/R areas. Think of them as ...

Trading Made Simple

If you read back about a year or so master candles where the latest fad, then WRB became the in thing and at the moment it's ME/ME. Stick to the basics of the TMS method and you won't go wrong or get confused.

Trading Made Simple