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Trading Made Simple

  • #80,501
  • Jul 2, 2017 12:52am Jul 2, 2017 12:52am
There are many high impact members in this thread. I presume it is so for a reason... If so, would you care to leave your valued feedback in this thread, please? Thanks.
mind over matter
  • #80,502
  • Edited 1:41am Jul 2, 2017 1:27am | Edited 1:41am
Quoting okoso
{quote} Thanks Emmanuel for sharing this. To me the important word here is "a given period of time". Can you please share your experience on this one? If you are a intra day trader what is the given period of time? Also when you trade H4, what is the time? From my short trading experience, I know I struggle to to make decisions in these type of situations when market not moving after I open a position. Somehow being patient is contradicting with this rule. Thanks, Okoso

Hi,

the "given period of time" should be the time duration of your trade(s).

in my opinion, the depends on the type of trade and the exit strategy you adopt.

I made quite a number of posts in the last 5 years here in this thread and also in other related TMS threads.

read this old post:
https://www.forexfactory.com/showthr...12#post8536512

For my case, when I trade intraday - H1 and M15, most of these trades do last between 3 to 5 hours. If the market volatility is there, we should be able to take profit in less than 5 hours and before the market session closes and the next market session open.
I trade the morning Sydney/Tokyo session and by Tokyo 5th hour, I am out of those H1/M15 trades.
Both AU, AJ and UJ are good to trade during this period GMT0000 to GMT0400.

For 4H Swing trades, I will close them by London session closing on Fridays and only with one exception that I will hold my trades over the weekend. This is Timed Exit as explained in that post linked above.
Most of my H4 trades are open usually on Tuesdays and by Thursday if the trades are not in profit, obviously the market went into narrow range trading and by then I know that my trades are wrong and I should bail out.

Hope these help.

Trade well next month. Lots of opportunities ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,503
  • Jul 2, 2017 4:51am Jul 2, 2017 4:51am
Quoting emmanuel7788
{quote}If you allow me to, I like to make a few suggestion to your script? BTW, just read that you are SAP application developer, right?
Yes sure, suggestions are always welcome.

(Yes I am a SAP Application Developer )
  • #80,504
  • Jul 2, 2017 8:35am Jul 2, 2017 8:35am
Hi Friends,

I am a follower of this tread from last 4-5 years. Due to full time day job i could not participate much here but when ever get time try to read the posts here and try to learn every day. I follow TMS concepts and decision is mostly on Daily Chart with (weekly and 4 hour).

Now i can under stand better the some posts which i could not understand in initial years..... It takes time like college degree....

This financial year was a good start in terms of Fx trading. overall i am happy with my performance but there is huge room to make improvement in performance by developing a robust process which may take one to two year.....

Most important thing was setting a realistic goal 15 to 20% PA to supplement annual income.

Thanks Emmanuel and every one who is helping here to new traders..

MK
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  • #80,505
  • Jul 2, 2017 11:09am Jul 2, 2017 11:09am
nzdcad good short weekly
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like to learn forex
  • #80,506
  • Jul 2, 2017 5:00pm Jul 2, 2017 5:00pm
Hello guys,

I was wondering, on the pac rule with tdi moderate confirmation... Does the HA candle that crosses the pac have To be the first or second.... Plus can someone please explaine the pac trend...Ive read the past post but Still à little confused.

Tu all thé best for this month trading

Can someone post a good adr 52 week
  • #80,507
  • Jul 2, 2017 6:58pm Jul 2, 2017 6:58pm
Quoting emmanuel7788
{quote} CHFJPY trades closed this week. +18,000 pips are by far the best this year with one single currency pair and considering that the floating drawdown was minimal such that it did not lock up my trading capital preventing me in taking other trade opportunities which came along. {image}

Congratulations, Emmanuel!

MIND BLOWN!

My partner and I were just stopping all day yesterday and looking at each other and saying "18,000 pips!". Our favourite number now.

I'm new to TMS. Love what I see. Have been reading the thread for the last 2 weeks, and decided to experiment with Daily and 4H TMS strategy this month.

Many thanks to you, and ALL the gang. I'm sure Big E would be really proud.

Real knowledge is to know the extent of one's ignorance.
  • #80,508
  • Jul 2, 2017 7:17pm Jul 2, 2017 7:17pm
Quoting SanAshi
{quote} Congratulations, Emmanuel! MIND BLOWN! My partner and I were just stopping all day yesterday and looking at each other and saying "18,000 pips!". Our favourite number now. I'm new to TMS. Love what I see. Have been reading the thread for the last 2 weeks, and decided to experiment with Daily and 4H TMS strategy this month. Many thanks to you, and ALL the gang. I'm sure Big E would be really proud.
Don't get mind blown about pips.. forget it.. it does not matter..
It's in fear when people show what they truly value.
  • #80,509
  • Jul 2, 2017 7:47pm Jul 2, 2017 7:47pm
Quoting ensale
{quote} Don't get mind blown about pips.. forget it.. it does not matter..

Your are absolutely correct. In this business, there are many other things abut trading that matters when it comes to consistent trading and what longer term profitability should be.

This is exactly what I have been trying to show people reading this thread for long time that they should not be misled by rookie traders who show closing trades in hundreds and thousands by trading very small lots and posting cropped trading account statements claiming 100% wins mean very little in making money and growing their trading account.

People should look at consistent results and longer term profitability. What is consistent results? I look at consistent results and profitability 3 to 5 years at minimum. When I go to any public trading forum and read a trader claims his system has an edge and make 80% win rate, I look at that trader's profile and if he had only 5 years trading experience and had posted 3 systems in that short 5 years period, it is unlikely that that trader has any edge in his technical trading system. Reading books and quoting from books will not make anyone a winning trader.

Trading the markets is very though business. It requires a lot of knowledge and live trading experience. Reading investment and trading books will help you but it will not make your into a winning trader. Following public forums will not make you into a winning trader. There are no winning system(s) in public forums that will make you money in long term. You have to work on your own to build your own winning system. Until you have successfully build your own winning system, you must never never trade live markets with your hard-earned money from you day jobs. There are other asset classes where you can invest your hard-earned money and earn reasonable returns with much lower risk.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,510
  • Jul 2, 2017 8:47pm Jul 2, 2017 8:47pm
Quoting Sesamstrasse
{quote} Hi Emm, I don t get you. Would you please explain, thx Guido {quote} YES

Hi,

I am looking at price bar patterns for bullish reversal or bullish setups when near support.
On D1, at minimum 3 to 5 bars type of bar patterns.
On W1, at minimum 2 bars type patterns.

Unable to post any charts now. Experiencing problems with Chrome OS since last week and unable to solve that nagging problem on my travel laptop.

based on my MN price swing levels - 1.3027, 1.2923 and 1.2706, between these levels it can be choppy on the lower TFs D1 and H4.
I will look for H4 swing trades and see if these can turn out to be bullish reversal or correction of last June big move down.
Anyway, our TMS trading charts will show if there are any trade setups opportunities.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,511
  • Jul 2, 2017 8:52pm Jul 2, 2017 8:52pm
Quoting Jaizy
Hello guys, I was wondering, on the pac rule with tdi moderate confirmation... Does the HA candle that crosses the pac have To be the first or second.... Plus can someone please explaine the pac trend...Ive read the past post but Still little confused. Tu all th best for this month trading Can someone post a good adr 52 week

Hi,

Did you read this thread on regular basis?
A lot have be shared and discusses in the past 6 months on trading the D1 chart TF from the last time that Big E said he started testing in 2011 and he did not post any of his test results. We trade the D1 chart using the HA candles with the PAC and TDI Moderate mode.

There is no ATR-52 custom indicator. Just place the platfor's stadard ATR on you Weekly chart and set the period to 52. That will show you the weekly ATr of the past 52 weeks. Note it must be on the W1 timeframe. If you switch the chart timeframe to any thing else, it will still show the ATR of 52 periods of that chart TF only, this you must be careful what you see.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,512
  • Jul 2, 2017 10:45pm Jul 2, 2017 10:45pm
NZDJPY Week 27 BPP

Not ready for reversal yet. Must wait.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,513
  • Jul 3, 2017 2:17am Jul 3, 2017 2:17am
hi every one
new week trading start
looking for h4 setup
i hope emanuel this week monitor tms
lets go
  • #80,514
  • Jul 3, 2017 2:33am Jul 3, 2017 2:33am
3 valid setups for quick scalp.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,515
  • Jul 3, 2017 3:07am Jul 3, 2017 3:07am
Quoting emmanuel7788
{quote} Hi, post me as example, a currency pair with a H4 chart where you want to start buy or start sell. I will run this using my trade manager and show you what happens with multiple entries/multiple exits use of 0.5ADR for entries, the technical stop loss on the chart and how the Dynamic SMART CutLoss work on a chart, how to breakeven trades and lock profits to let profit one run.
Quote
I have no examples currently Emm, this info is so that I can develop my trade manager and backtester to explore the options for my own development as a trader,I was just interested to see what you use for these h4 basket entries cutloss. We can use the lower timeframe macd / tdi data to let profit run though?

  1. Post #80,472
  2. Jun 30, 2017 11:13am Jun 30, 2017 11:13am


Hi Emm,
Would you be able to help me please with what ADR100 multiple is optimum to use for cutloss for H4 entries? Thanks.
  • #80,516
  • Jul 3, 2017 5:14am Jul 3, 2017 5:14am
Quoting emmanuel7788
3 valid setups for quick scalp. {image} {image} {image}
Hi Emmanuel,

Scalp setup is TDI cross ??
  • #80,517
  • Jul 3, 2017 5:17am Jul 3, 2017 5:17am
Quoting Uk1
{quote} {quote} Hi Emm, Would you be able to help me please with what ADR100 multiple is optimum to use for cutloss for H4 entries? Thanks.

This old post :
https://www.forexfactory.com/showthr...36#post9852336

there are also other scenarios where the maximum 5 ME positions opened in one basket and price did not hit the upper band of the channel.
You will have another cut-loss condition.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,518
  • Jul 3, 2017 5:19am Jul 3, 2017 5:19am
Quoting Ah-Ong
{quote} Hi Emmanuel, Scalp setup is TDI cross ??

Yes, that was what Big E used to trade. But I don't scalp like he used to.

https://www.forexfactory.com/showthr...56#post4569656
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,519
  • Jul 3, 2017 5:29am Jul 3, 2017 5:29am
Quoting emmanuel7788
{quote} Yes, that was what Big E used to trade. But I don't scalp like he used to. https://www.forexfactory.com/showthr...56#post4569656
Hi Emmanuel,

Can share your method ??

One more question, how can you find the previous thread so accurate & quickly ??
  • #80,520
  • Jul 3, 2017 5:34am Jul 3, 2017 5:34am
Even I make a lot of bookmark some time also difficult to search
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