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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #47,661
  • Dec 24, 2014 4:39am Dec 24, 2014 4:39am
[quote=forexday;7960750]{quote} Hi emmanuel, Thank you for all the knowledge/experience/tools that you so freely share with us newbie traders making our learning time so much easier, quicker and simpler. Much appreciated. May I take this opportunity of wishing you a Merry Xmas and everything of the BEST for 2015.[/quote


Hi Emmanuell, could you please share, wheh you will updated them, your trade 2015 plan for 4H or daily trading in which I'm more interested in? I cant trade 1H cause I've a daily job I wish to leave as soon as possible when I'll be profitable in forex trading and for my character 1H trading is too fast and stressing.

I wish you Happy Christmas and a full pips 2015!

Thanks again for your time
  • #47,662
  • Dec 24, 2014 5:35am Dec 24, 2014 5:35am
TSS,
I'm planning to dedicate this weekend to learn ABCD ...
1. On what TF do you observe / draw AB leg?
2. Do you trade BC / CD leg in the same TF or do you come down to lower TF?
3. Once you realize / draw AB, do you counter trade BC or trade the trend in CD or wait for ABCD to complete to understand your next entry?
4. Any other important aspect that I have to learn?
  • #47,663
  • Dec 24, 2014 5:38am Dec 24, 2014 5:38am
Quoting snarlyjack
{quote} Imagine...Just for a minute... Look at Sknight chart (post # 47,649). That is basically what were doing! It's the safest way to trade that I know of, their are no guarantees! Once you get good & you know what your doing. Imagine trading this way on 5-8 pairs...their is always something going on. Some longs, some short...your taking what the market is giving you. You don't really care about %. What you do care about is money per day or per week or per month. The point I'm trying to make is, how much money can we make each week (good weeks...
SJ thanks and good to hear that and reminds us of BigE way of trading, with time , this is where TMS traders are going
I Have Learned to Take Some Losses to Make Profits
  • #47,664
  • Dec 24, 2014 8:10am Dec 24, 2014 8:10am
Quoting TheScorpS
{quote} SJ thanks and good to hear that and reminds us of BigE way of trading, with time , this is where TMS traders are going
Thank you Scorps,

I really think that if Eelfranz would have lived this was the direction
he was taking us. Maybe a little different but along the same lines...

Merry Christmas!

sj
  • #47,665
  • Dec 24, 2014 9:13am Dec 24, 2014 9:13am
Quoting TheScorpS
{quote} SJ thanks and good to hear that and reminds us of BigE way of trading, with time , this is where TMS traders are going
What happened is...when Eelfranz (Big E, Eric) died, we kinda floundered.
Our leader was sick, then he died and everyone kinda went into shock.

It had nothing to do with Tms or the system it all had to do with our leader died.

Thank God that Emmanuel stepped up to the plate & kept things going!
It must have been very hard for Emmanuel to smooth things out & keep
it going. He has all my respect for doing that! Turns out that Emmanuel
being the "Engineer" that he is, is pretty good with lot's of knowledge.

Between a really good system that works (Tms) and someone to explain how
it works & the fine points of the system, we have been able to keep this thing going.
Which is good because this is a excellent system that can & has changed lives
for the better. I like to think that a higher power (the universe) is looking down
on this system & forum I believe that Eelfranz memory is living through this forum.
Tms is one of the most successful forums here at Forex Factory and has been
for years. I really can't explain why? This system (Tms) is blessed

Who would have guessed all of this...

sj
  • #47,666
  • Dec 24, 2014 9:27am Dec 24, 2014 9:27am
Quoting adikashyap
TSS, I'm planning to dedicate this weekend to learn ABCD ... 1. On what TF do you observe / draw AB leg? 2. Do you trade BC / CD leg in the same TF or do you come down to lower TF? 3. Once you realize / draw AB, do you counter trade BC or trade the trend in CD or wait for ABCD to complete to understand your next entry? 4. Any other important aspect that I have to learn?
Coming back to you with a chart, hang in there buddy, how I trade the ABCD
I Have Learned to Take Some Losses to Make Profits
  • #47,667
  • Dec 24, 2014 9:49am Dec 24, 2014 9:49am
Thank you, SJ, for a beautiful summary of the way TMS has moved from its beginnings until now. To say that it--and by extension all of us--have been blessed is to say it all.
  • #47,668
  • Dec 24, 2014 9:57am Dec 24, 2014 9:57am
First of all, I look for ABCD on all time frame, even the 1 minute chart, but that comes with time and lots of practice, they are valid in any time frame

I trade all the legs in the ABCD formation, but the most important are, with TMS the AB leg, then price retrace forming the BC leg, here you can trade the BC leg because even this move can draw another smaller ABCD formation going to the C point, but just focus for the time being on trading the AB leg, the CD leg and the completion of the ABCD formation, where you can trade the opposite direction of the completed pattern

Been following this thread for 1 and half year now , and learnt so much from that, at least you need to read the first 150 pages to really get the hang of ABCD, so much information there, I didnt find such information anywhere in the web, and its all here at FF for all and with no cost, thanks Mr.Pip

http://www.forexfactory.com/showthread.php?t=402253

I just have been following the pair since a week or so , for the learning purpose only and it reached the zone where I drew the red rectangle , will see if the formation goes back down following medium term bearish rotation, or continue making new structure high, ie HH, HL, invalidating the pattern at this stage
Attached Image (click to enlarge)
Click to Enlarge Name: AB.png Size: 204 KB
I Have Learned to Take Some Losses to Make Profits
  • #47,669
  • Dec 24, 2014 10:02am Dec 24, 2014 10:02am
Quoting mary4x
Thank you, SJ, for a beautiful summary of the way TMS has moved from its beginnings until now. To say that it--and by extension all of us--have been blessed is to say it all.
Mary,

Are you ready for Christmas in San Diego?
Here in Montana, their is snow in the mountains
but none in the valley's. It's 30 degrees right now.

My dog is sleeping by the Christmas tree

sj
  • #47,670
  • Dec 24, 2014 10:38am Dec 24, 2014 10:38am
Almost ready. We're all complaining about the weather: 72 degrees, clear skies with a few wispy clouds way up high. No snow In the local mountains (we usually get snow where we can see it in the winter). Not very Christmas-y, but we'll share a little 'nog or something and pretend it's cold. Hope you and yours are keeping warm!
  • #47,671
  • Dec 24, 2014 3:38pm Dec 24, 2014 3:38pm
Merry Christmas TMS friends.

Inserted Video
  • #47,672
  • Dec 24, 2014 3:59pm Dec 24, 2014 3:59pm
Merry Christmas and a happy New Year to everyone! Wish very and very green 2015 year to all of us! Have a great holidays, TMS family
  • #47,673
  • Dec 24, 2014 7:30pm Dec 24, 2014 7:30pm
Happy holidays to each and everyone ...
  • #47,674
  • Dec 24, 2014 8:05pm Dec 24, 2014 8:05pm
Merry Christmas and a happy New Year to TMS family wishing green 2015 to everyone
  • #47,675
  • Edited 1:10am Dec 25, 2014 12:54am | Edited 1:10am
Quoting griffinssoul
{quote}{quote} "one day I will make the 1000 pips a month Emmanuel makes, ..." Hi GreenGoblin, good post - i think in Emmanuel's case its more like 1000pips per W, ... LOL! You will have to scroll back to Nov posts but his stats are incredible... "In the first 2 weeks of Nov, I completed total 37 trades on just 4 currency pairs in weeks 45 and 46. There were 2 losers (-36pips, -54pips) and therefore leaving only 35 profitable trades out of the 37 trades. The 2959 pips is nett after deducting the 2 losses.", Emmanuel (post http://www.forexfactory.com/showthre...69#post7879669)...
You have to take into account that if you compare it to for instance likica, where she usually puts in 1 trade and takes it for 50 pips her stats will say she got 50 pips, but if she puts in a trade then takes out half at 25 pips then takes out the other half at 50 pips, her stats will say she got 75 pips but actually she will have earned quite a lot less than the 1 trade at 50 pips, if she then adds onto trades, takes some off again, then the pips can add up to thousands very easily on several trades over a couple of weeks. You shouldn't get carried away by the amount of pips, as Emmanuel said himself
Quote
and in using Multiple Entries and Multiple Exits, you can accumulate more pips when trading these currency pairs.
  • #47,676
  • Dec 25, 2014 12:56am Dec 25, 2014 12:56am
Merry Christmas everyone and a Happy and Prosperous New Year !!!!!!!!!
  • #47,677
  • Dec 25, 2014 1:22am Dec 25, 2014 1:22am
Quoting snarlyjack
{quote} What happened is...when Eelfranz (Big E, Eric) died, we kinda floundered. Our leader was sick, then he died and everyone kinda went into shock. It had nothing to do with Tms or the system it all had to do with our leader died. Thank God that Emmanuel stepped up to the plate & kept things going! It must have been very hard for Emmanuel to smooth things out & keep it going. He has all my respect for doing that! Turns out that Emmanuel being the "Engineer" that he is, is pretty good with lot's of knowledge. Between a really good system that...
Hi,

I am new to this thread and read/learn about 40 pages so far. Sadly to know the founder BIG E has been passed away, then does his trading rule the same? Can new leader Emmanuel update me? Thx

yao
  • #47,678
  • Dec 25, 2014 2:38am Dec 25, 2014 2:38am
Hope everyone is having a wonderful and merry Christmas - have a green New Year !!!
  • #47,679
  • Dec 25, 2014 2:47am Dec 25, 2014 2:47am
Quoting lastingwell
{quote}You have to take into account that if you compare it to for instance likica, where she usually puts in 1 trade and takes it for 50 pips her stats will say she got 50 pips, but if she puts in a trade then takes out half at 25 pips then takes out the other half at 50 pips, her stats will say she got 75 pips but actually she will have earned quite a lot less than the 1 trade at 50 pips, if she then adds onto trades, takes some off again, then the pips can add up to thousands very easily on several trades over a couple of weeks. You shouldn't...
Oh, yes, absolutely - likica (our superstar trader) would then have to adjust her stats ... something like 1/2 of 25 and 1/2 of 50 which would come to 37.5pips green. Otherwise she would get the wrong figures at the end of the trading MN. [Pip numbers are kind of meaningless on there own but its what we all talk in ...?] So far, I am finding i do not do any of this as 1 entry per trade works fine for me at the moment...
  • #47,680
  • Dec 25, 2014 3:02am Dec 25, 2014 3:02am
Merry Christmas everyone.

Its been another great year on the TMS thread.

Wishing you all health, happiness and plenty of pips in 2015
Focus on the process and the profits will follow
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