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SIGNAL UPDATE

Club signals and updates are posted here just after the New York Open. (Usually within 1 hour)

  • Signals entered are updated here daily just after the New York Open. This would include suggestions for stop level adjustments and closing out a trade.
  • Entry level should around the close of the previous price bar (Signal Bar).
  • It is suggested you use the MagicFibo 85.4% level to calculate your risk and position size. YOU MANUALLY CLOSE A TRADE IF AT THE EOD IT HAS CLOSED ABOVE/BELOW THE 85.4% LEVEL. You pace your emergency stop above the swing high or low where you do not expect to be “tailed” out by the candlestick shadow.
  • If you are more a conservative trader then place your stop above/below the swing high or low. See the example to the right of this page.
  • See “RULES” to the right for more details.
  • Results posted here are indicative only as they can vary according to the broker used, entry and exit levels, slippage, experience, and risk appetite..

Helpful Information

When using the TMS Club Trade Manager it is important to use a new “Magic Number” if trading the same pair to avoid conflicts.

Club Signal Identification

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Rules

The Club Daily Strategy is basically a trend following system with the Entry based on price patterns on the Daily charts. We use New York Close charts.

ENTRY: At or near the Signal Bar (Previous Bar) Close price. You may choose Limit or Market Entry Orders, but always wait for spreads to normalise.

TARGETS: Recommendations are given for each Signal under the “Notes & Commentary” heading in the table on this page.

EXAMPLE 1:
“M-Stop/R 24p//BE 2R//Trail 2R”
M-Stop/R 24p= Pip Distance from Signal bar Close to Manual Stop level. This is our R value.
BE 2R= When price has moved 2R (48 pips) Stop to be moved to Break-even. The TMS Trade Manager will do this automatically.
Trail 2R= When price has moved to 3R (72 pips) Stop is moved to 1R. Price moves to 4R and Stop moved to 2R and so on until profited out.

 EXAMPLE 2:
“M-Stop/R 60p//BE 1.5R//TP 2.5R”
M-Stop/R 60p= Pip Distance from Signal bar Close to Manual Stop level. This is our R value.
BE 1.5R= When price has moved 1.5R (90 pips) Stop to be moved to Break-even. The TMS Trade Manager will do this automatically.
Trail 2.5R= When price has moved to 2.5R (150 pips) trade is closed or profited out.

The TMS Trade Manager will do this all automatically. Else you will need to move stops manually with the aid of the Risk Reward Levels using the MT4 Fibonacci Expansion tool.

Example 2, where a set TP is set, is generally used when the R value is relatively large (generally above 40). Also when the trend has weakened or with double tops and bottoms

EXITS: Other than explained in the “Targets” section above there are a number of other exits. Please note that it is best close just before the EOD (New York Close) when spreads are tight. Generally after the New York close spreads widen.

Manual Stop 1: If price closes above the “M-Stop” at the end of the day we manually close the position.

Manual Stop 2: At the end of the first day a certain price pattern is expected. If not so the position is closed just before NY close. The TMS Continuation Banner will help you make this decision. This recommendation is also given under the “Notes & Commentary” heading in the table on this page, but usually AFTER the New York close..

Manual Stop 3: If during the trade the price pattern shows signs of trend weakness we manually close the position just before NY close. The TMS Momentum Banner will help you make this decision. This recommendation is also given under the “Notes & Commentary” heading in the table on this page, but usually AFTER the New York close..

It is recommended that you study the video examples and not use real money until you are satisfied you understand the strategy. If you have questions please use the contact form.

Trade safe!

Trail R*

Below is a table to explain how the Trail R* is applied either manually or in TMS Club Trade Manager.

PLEASE NOTE THAT FROM 22ND JULY WE ARE USING THE FOLLOWING SETTINGS:

Trail R* = 1.5

TP R* = 2.5

Trail R* = 1.0
Price Level R-Stop
1.0 R BE
2.0 R R1
3.0 R R2
4.0 R R3
5.0 R R4
Trail R* = 1.5
1.5 R BE
2.5 R R1
3.5 R R2
4.5 R R3
5.5 R R4
Trail R* = 1.75
1.75 R BE
2.75 R R1
3.75 R R2
4.75 R R3
5.75 R R4
Trail R* = 2.0
2.0 R BE
3.0 R R1
4.0 R R2
5.0 R R3
6.0 R R4

Trail R* suggestions based on “R” value:

  • <20 R then Trail R*= 2.0
  • >20 R and <30 R then Trail R*= 1.75
  • >30 R and <40 R then Trail R*= 1.5
  • >40 then Trail R*= 1.0

These are suggestions only and absolutely fixed.

"R" Levels Setup (Fibonacci Tool)

Open You Fibonacci Retracement tool and set the following settings:

Level Description
1 %$ – SWING H/L
0.854 %$ – MANUAL-STOP/R
0.618 %$ – ENTRY
0.382 %$ – 1R
0.146 %$ – 2R
-0.09 %$ – 3R
-0.326 %$ – 4R
-0.562 %$ – 5R
-0.798 %$ – 6R
-1.034 %$ – 7R
-1.27 %$ – 8R
-1.506 %$ – 9R
-1.742 %$ – 10R
-1.978 %$ – 11R
-2.204 %$ – 12R

Note: If your are going to use the SWING H/L for your R value then the R steps would be 0.382. So R1=0.236; R2=-0.146(-ve) and so on.

Disclaimer:

Past performance is not indicative of future results. The signals and results should be considered for educational purposes only. TMS does not claim to have traded every or any signal. Please read the disclaimer below.

Club & Club Plus Updates

Signal updates are posted on the TMS Club Twitter feed which can the accessed here or viewed on our Home page.