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Training charts - TMS Thread

FX trading

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0% found this document useful (0 votes)
12 views

Training charts - TMS Thread

FX trading

Uploaded by

ten866894
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Eelfranz Training Charts – TMS Thread

1st Training chart, note


on the TDI showing
entry setup’s, green
crossing red enter on
that new PA candle.

Here the two blue boxes highlight a normal trade


(green crosses red and is visible on the other side)
and a bounce trade (green gets close to red but
then bounces away – these generally give good
results). Look left for close S/R.
In this image, every
red line denotes a
setup on the TDI. 16
in total with a few
losers.

For exits, study


TDI. If you see TDI
go flat, hook over
or make a check
mark reversal,
then EXIT!
TDI flat EXIT signals

TDI Roll Over or hooking over EXIT signals


TDI check mark reversal EXIT signals

Example
entries, any
timeframe…
setups are all
the same.
Why not enter on candle #3? Here TDI signals a candle #1
entry so by entering on candle #3 you would miss many pips.
Remember normal reversal is 3-8 candles (fortunate in this
case that this one has been longer). By entering on candles #1
or #2 you should make some profit even on a 3 candle streak.
TDI tweaks do not mean an automatic exit. It’s a
heads up so pay attention!

Upon seeing a TDI tweak, check to see if


candles are getting smaller, wicks
starting to pull back, PA approaching S/R
levels/major numbers or, TDI green line
approaching previous TDI hi’s and Lo’s
Daily chart with
entries marked
as red lines

Note: The green TDI line has tweaked to the right twice and we
are way above the TDI 68 line. It will be turning very soon!
One regular entry, a re-entry and now sits
way above the TDI 68 line… watch closely!

The three amigo’s (two other charts above) all look very similar. Two
entry points, way above the 68 line and like the other two getting
ready to turn…probably in the next 4-8 hours.
One to watch closely. USD/CHF opposite of
EUR/USD. Close to the 32 line so watch closely!

Even though its candle #3 it


looks like a strong trade entry!
No trade here! Candle
#4 is pulling back, TDI
has tweaked already…
reversal approaching!

Strong entry setup!


Daily chart, missed best
entry (candle #1 or #2)

Entry short. TDI hasn’t crossed


yet but stoch confirms…
Watch closely for
imminent cross or
bounce!

Red is turning over at the moment. Green is way above 68 line on the
TDI. It will probably drop soon so look out for a setup.
Nothing of interest… TDI green is flat so a no go right now

An interesting chart… PA is in consolidation, TDI looks


strong but no setup yet! We are above the 68 line too. This
is one of the Three Amigo’s so watch them all closely.
No go chart! PA and TDI are both flat!

Another no go chart! PA and TDI are both flat!


This one is also dead… small candles
on PA and a flat TDI. This why the 4hr
charts are best used during London as
this is common later on…

Bounce trade on
the Monthly chart
Bounce trade on
the Weekly chart

On this short trade, the first candle is tiny, and the second is not much better. The TDI is at 4 O’clock but on the next candle
it drops to 5 O’clock. TDI looks good with stochs confirming. However, look at the large lower wick on the third candle!
(Indicates a short-lived trade) Followed by the same on the following candle! Look left… the PA has hit the major support
level! Exit immediately! Read the candles as well as the TDI.
On this 15 minute chart there are 21 trades… pretty much all winners! You would have to pay very close attention though
on the 15 minute chart. 4hr and 1hr charts give you more time to react and get out with a profit. The blue boxes on the
chart indicate areas to avoid! When these appear go to another pair to find a clean entry! Do not trade small candles… wait
for them to open up! If the 5ema or green TDI are flat there is little or no momentum.

The system is not 100% accurate and trends don’t always follow the entry signals. On this chart the candle before the red
line is a valid long entry. However, price plummets after this! On the candle highlighted by the red line, the TDI does not
tell much but the candles do. Once this candle appeared red and pulling back this is an exit signal. Also the 5ema is flat. The
next TDI signal is the following long.
Red lines indicate TDI exits!

Bounce trade example off candle #1. When the last trade is separated by a candle of the opposing colour, the counting starts
over again… looking for a set up trade off the new candle #1 or #2 even if it’s a bounce trade.
Example trade on the
hour chart by Eelfranz.
Candle 2 started to
pull back so he exited
for 53 pips profit.

Easy money! TDI


starts at 5 O’clock
and tweaks to
5:45!
“Grid 10” indicator showing 100 lines which draw in PA like magnets.

Two easy
trades
AUS/USD 1hr
chart. One solid
trade at 6am

Its ok to
enter
under the
5ema
Stochs must confirm or stay out of the trade!
Here, TDI signals down but stochs are up…

TDI flat spots and 5ema flat areas…


This is a consolidation channel,
green hasn’t yet crossed red and
stochs in signalling not to enter!
Awesome trade
setup… TDI just
signalled exit

And again…

All seems good for this trade, green


under with stochs confirming… BUT
look at the size of the candles on
the PA. AVOID!
Entries look good, but PA candles
are small so watch closely!
Three previous charts are from a single week. Weekly target is 250 pips. All three were bounce trades. First 2 were exited
because TDI went flat, the third was exited on the pullback. Other trades were missed due to not being at the PC.

Eelfranz always zooms in full (+) and then zooms out twice (-). This chart shows the candles he passes on…
Long term chart. Green has barely crossed red line. Wait for the next candle before entering to see where green goes!

Eelfranz entered this trade on the weekly timeframe placing the SL at the top of the previous candle, about 150 pips away.
Nice 5 O’clock green TDI line with stoch’s confirmation.

He later exited for 21 pips profit. Not much action for 2 days… best to exit in that case!
1hr chart example… PA hit previous
support, TDI made a check mark reversal!

Question to Eelfranz
on previous chart…
exit trade at point A
or B?

Eelfranz answered…
Stay in until point B.
Still plenty of room
between red and
green at A.
Perfect setup, good
air, good angle… If
green crosses red in
the TDI mid candle,
evaluate PA before
entering.
According to rules, exit when TDI green goes flat, reverses or hooks over… this is for the conservative trade and works
well. However, see in the blue box the green line arches and crawls up the red without crossing. You could have stayed in
until the cross.

Always cherry pick and look for the steepest


angles to trade!
When green crosses red on the 4hr chart it arcs and wiggles above or below (see white boxes on chart). You can stay in the
trade until it crosses red again and pull down 200-400 pips on the longer runs.

15 min trade… exited at second red


line due to hitting the 68 line and
wanted to go back to bed…
EUR/USD Entry
training chart
examples

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