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Trading Made Simple

  • #81,101
  • Jul 31, 2017 4:49pm Jul 31, 2017 4:49pm
Quoting darko2010
I integrated the CAD pairs to my universe of currencies and started with a short on CADJPY on D1 signal even though the weekly trend is still strong. Every time I announce a trade on this thread, I end up losing, I hope this won't be yet another of those...

be careful when trading the corrections of strong trending pairs. this has killed many pivot traders account recently.
CAD remain strong bullish. It will not reverse so easily so better be careful when we see bearish setups in lower TF like D1 and H4. Corrections can be very short term and the trend will not reverse without some period of sideways ranging market condition.
Its a new month, so most buyers have taken their profits and many would have moved their stops closer to protect their trades. So if you believe in stop hunt, maybe this is true. But I believe their are many orders to be filled at both sides.
learn to use market volatility and read price action of the price bars/candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,102
  • Jul 31, 2017 5:20pm Jul 31, 2017 5:20pm
Quoting celord
{quote} Hi emmanuel7788 Thanks a lot for your answer !

Hi celord,

My answer made you think, right? Not easy. But I know you found the way.

I don't tell you answers in MCQ way. It too easy to give answers in multiple choice, and people just pick the best correct answer.
a)
b)
c)
d)
e)

Trading requires traders to look at their charts and to think on their own.

I can tell you where to find,
but I wont tell you what to look for.
What to look for have been mentioned many times in my posts here in this thread, also in X-Man thread and LE1 threads, all TMS threads.
I can repeat some things over and over again which I feel are important,
but I do not to spoon-feed someone who has reading-comprehension issues.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,103
  • Aug 1, 2017 12:52am Aug 1, 2017 12:52am
Quoting emmanuel7788
{quote} be careful when trading the corrections of strong trending pairs. this has killed many pivot traders account recently. CAD remain strong bullish. It will not reverse so easily so better be careful when we see bearish setups in lower TF like D1 and H4. Corrections can be very short term and the trend will not reverse without some period of sideways ranging market condition. Its a new month, so most buyers have taken their profits and many would have moved their stops closer to protect their trades. So if you believe in stop hunt, maybe this...
That is sound advice and I followed it, thanks. However, even though CAD is strong across all pairs, the fact that daily EMA10 was brached downward would give pause to the buyers. Aren't yourself looking at EMA10 for such validation even though, of course, it is not enough a motivate a trade?
  • #81,104
  • Aug 1, 2017 1:21am Aug 1, 2017 1:21am
New TMS dashboard (inspired of several dashboard that has been published on FF in the last couple of years). I planned to add some more information on this dash in the near Future. Bug report and suggestion for additional functionality are welcome.
In attempt to reduce the heavy CPU load of this indicator, the code for the TDI RED GREEN indicator is embedded in the dash. I still recommend to run the dash board with a reduced list of pairs (only the ones that you want to trade.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS list.png Size: 53 KB


Can be downloaded here:

https://www.forexfactory.com/showthr...1#post10142501
  • #81,105
  • Aug 1, 2017 2:05am Aug 1, 2017 2:05am
Thanks arbinka for this really great and helpful tool!
  • #81,106
  • Edited 6:33am Aug 1, 2017 4:30am | Edited 6:33am
Quoting Tekkies
{quote} Hero? Why the attack? is it because I dare criticize your trading god. Did 7788 really answered " if today were not friday what would you do in this case"?. Yes he did answered with nothing related to the question asked. Impressive explanation of past event's and a possible move to D1 Strong S/R on a monthly chart??? Really? S/R level's have been broken in the past and would be broken in the future. How did BigE determine the trend? He got all the information from the chart he is trading on. (Zoom out) We changed the rules to suit our insecurity...
I was travelling yesterday I didn't have time to answer your post but anyway this is my last post to you. Cause I know you are the best, you are expert & you know everything.
But I just want to share my little knowledge to all TMS friends > Price Action is ahead of all indicators which Big E didn't talk much about it. Trading with TMS indicators only would give us lesser chance to win the game. As we know trading is 60% Psychology & 10% is strategy(only ) if we understand buyers & sellers motivation so we will have better chances. In GbpCad monthly chart not only tweezer bottom&pipbar the chart also showed some idea of buyers & sellers intention which I don't have to tell you cause I know you know everything & you are expert.
In fact S/R, Stoch & let profit run etc.....lol. We learned from babypips long time ago...............
Goodbye Tekkies
  • #81,107
  • Aug 1, 2017 6:09am Aug 1, 2017 6:09am
EURUSD with Lotto money management

Attached Image (click to enlarge)
Click to Enlarge Name: EU Lotto.JPG Size: 71 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EULotto 1.JPG Size: 32 KB


regards
  • #81,108
  • Aug 1, 2017 6:44am Aug 1, 2017 6:44am
Quoting Deichkind
EURUSD with Lotto money management {image} {image} regards
Wow such a great trades Deichkind

Cheers
  • #81,109
  • Edited 7:49am Aug 1, 2017 7:06am | Edited 7:49am
Quoting pete.alfa
{quote} I was travelling yesterday I didn't have time to answer your post but anyway this is my last post to you. Cause I know you are the best, you are expert & you know everything. But I just want to share my little knowledge to all TMS friends > Price Action is ahead of all indicators which Big E didn't talk much about it. Trading with TMS indicators only would give us lesser chance to win the game. As we know trading is 60% Psychology & 10% is strategy(only ) if we understand buyers & sellers motivation so we will have better chances. In GbpCad...
Thanks for the compliment. Did not know you knew me so well.
You short 30% to make 100%, so the other 30% is follow BigE's rules babypips and all.
The very thing's you mocked ("In fact S/R, Stoch & let profit run etc.....lol. We learned from babypips long time ago..............."), is what BigE used and recommande in his post's. You should read all of them.

Advice given was:
Best will be:
- close order when green go flat, hook, check mark

Wonder how much profit would have been lost on D1 management.
  • #81,110
  • Aug 1, 2017 8:31am Aug 1, 2017 8:31am
Quoting Deichkind
EURUSD with Lotto money management {image} {image} regards
hello deichkind very nice result !
you can share to us EA trade manager you using ?
it will be great and help lot of us which trade with manual ME/ME

thanks
2% target/Month !
  • #81,111
  • Aug 1, 2017 8:56am Aug 1, 2017 8:56am
Quoting Deichkind
EURUSD with Lotto money management {image} {image} regards
Very impressive. I have no idea how you manage to do that.
- Note to self: Read up on Lotto Money Management -
  • #81,112
  • Aug 1, 2017 9:24am Aug 1, 2017 9:24am
Quoting jansb000
{quote} Very impressive. I have no idea how you manage to do that. - Note to self: Read up on Lotto Money Management -
check this post from Emmanuel
  • #81,113
  • Aug 1, 2017 11:14am Aug 1, 2017 11:14am
Hi everyone. Can i ask
When i use 4h chart , in your experience when i should check to entry or exit , should at the 1st or 2nd or 3rd or 4th hr in a 4h candle. Because when we use 4h chart , we are not in the font of computer at all the time . Also follow BigE method, he just take 10 minute to check Tdi for every 4hrs.
Many thanks
  • #81,114
  • Aug 1, 2017 11:51am Aug 1, 2017 11:51am
I try to enter on the opening of the second candle, or when is making a good retrace in the second candle hours. depends also what is showing to you the 1H TF,usualy on 1H TF i notice at it have a hook or the line are crossed already.
  • #81,115
  • Aug 1, 2017 11:54am Aug 1, 2017 11:54am
Quoting arbinka
New TMS dashboard (inspired of several dashboard that has been published on FF in the last couple of years). I planned to add some more information on this dash in the near Future. Bug report and suggestion for additional functionality are welcome. In attempt to reduce the heavy CPU load of this indicator, the code for the TDI RED GREEN indicator is embedded in the dash. I still recommend to run the dash board with a reduced list of pairs (only the ones that you want to trade. {image} Can be downloaded here: https://www.forexfactory.com/showthr...1#post10142501...
Thank you arbinka
Attached Image
  • #81,116
  • Aug 1, 2017 1:01pm Aug 1, 2017 1:01pm
Hey guys good day I'm new to trading and just looking for some mentors to walk with on this path, I read the first page of this thread can u all let me know whats next plz?
  • #81,117
  • Aug 1, 2017 2:43pm Aug 1, 2017 2:43pm
Entry at break of support and after a 5 bar reversal that constituted a pullback
in a down trend.
Room below is empty space for about 140.

https://www.forexfactory.com/attachm...1&d=1501623777
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-d1-forex-capital-markets-6[1].png Size: 44 KB
  • #81,118
  • Aug 1, 2017 3:40pm Aug 1, 2017 3:40pm
Quoting Bizkit
Hey guys good day I'm new to trading and just looking for some mentors to walk with on this path, I read the first page of this thread can u all let me know whats next plz?
Read this and apply to your chart.Read part I after apply read part2 after apply, and after TMS 5. I made like this.
Attached File(s)
File Type: pdf Best of Big E I.pdf   1.4 MB | 996 downloads
File Type: pdf Best of Big E II.pdf   130 KB | 718 downloads
File Type: pdf TMS 5-Method Basic Rules.pdf   873 KB | 1,186 downloads
  • #81,119
  • Aug 1, 2017 4:35pm Aug 1, 2017 4:35pm
Its a new trading month August.
Look at those pairs which shows mall D1 candles for the past 10 days.
Patiently wait for the setups on D1. Remember the 3 mechanical rules for D1 chart trading.
Starting this month until November, these are your last 4 months to trade and make your year-end bonus before Christmas.

When you look for trades in AUDUSD, NZDUSD and USDCAD, listen to the London markets.
USDCAD recent strong trend has ended but that does not mean it will reverse up yet. The same for AUDUSD and NZDUSD.
Strong trends usually ends in consolidation before the next move, not necessary a reversal of the previous trend.

Look at EURJPY, its D1 chart shows narrow range sideways. Will it drop? Do not form a bias based on your open positions for example you are holding on to sell positions for weeks.

Another example is EURGBP, some traders were sell bias held on to sell positions since 0.8650 but this pairs pushed higher and higher. Now it is wide range sideways.

Yet another example is EURUSD. Some traders thought the price gap June 24 would be closed so they sell, sell higher, sell more higher. See what happened the last 3 months. It is now 1.1800 from the last low 1.0850. Talk about "trading into empty space", this is another very good example.

Not forgetting these 3 pairs AUDCAD, AUDNZD and NZDCAD, the COMMOD crosses. Good pairs to trade too.

Trade Well folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,120
  • Aug 1, 2017 4:41pm Aug 1, 2017 4:41pm
Thanks emmanuel7788... so usefull info 4.me.to study chart
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