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Trading Made Simple

  • #81,201
  • Aug 3, 2017 6:24pm Aug 3, 2017 6:24pm
Hi Emmanuel,
What are the criterias for stop-loss when trading a trend on h4 using me/me? I have noticed that if I put my SL behind two week 's low it will be around 500 pips making position sizing impossible on my account
  • #81,202
  • Aug 3, 2017 6:24pm Aug 3, 2017 6:24pm
Quoting zonalmarking
{quote} BTW do you know according to Emma's rules where do we post stoploss if we are trading ME/ME on a trending pair like E/U on ONLY h4?
Quoting zonalmarking
Hi Emmanuel, What are the criterias for stop-loss when trading a trend on h4 using me/me? I have noticed that if I put my SL behind two week 's low it will be around 500 pips making position sizing impossible on my account
Did you read the OP Big E'posts where he mentioned multiple trade entries? He did say where to place your stop loss in a few of his posts.

There were basically two ways how Big E would place his trades stop loss.

But you should know that Big E did not use initial SL to calculate his trade position size. He traded with fixed lot size, - 2 to 4 standard lots with his $10K trading account.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,203
  • Aug 3, 2017 6:43pm Aug 3, 2017 6:43pm
Quoting Bizkit
Ok guys I've read the papers on TDI and feel like i have it down mentally, I plugged it into my chat together with the stochastic slope can someone send me something on TMS please, like what it's about? Thank u in advance. I'm about 5 months new to forex read books on fibs, s/r, trends and the basic need to know things.

Hi,

I think to read all the 80k posts in this thread will take very long time and to get started trading with TMS 5-Method.

Option #2 below would be a good start.

Option #3, if you are an experienced trader with say 5 years trading experience, Option #3 would be the place to start.


You can have three options:

Option #1: Go to this post link, read and follow that post.

https://www.forexfactory.com/showthr...80#post9661780

Option #2: Go to this post link, download and read those two pdfs files.

https://www.forexfactory.com/showthr...31#post9656031

Option #3: Click and read One, Two and Three
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,204
  • Aug 3, 2017 7:05pm Aug 3, 2017 7:05pm
Another example trading TDI cross alone will not make you money.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,205
  • Aug 3, 2017 7:15pm Aug 3, 2017 7:15pm
Quoting emmanuel7788
Another example trading TDI cross alone will not make you money. {image}
I use both the yellow line and EMA10 to confirm valid TDI cross. Is it overkill?
  • #81,206
  • Aug 3, 2017 7:15pm Aug 3, 2017 7:15pm
Quoting nbelchior
Hi emmanuel7788, Can you tell me the difference by using this system with the two 5 SMA ( high and low ) and using the same system with the 5 SMA ( typical price (HLC/3)) and the 23 SMA? Thanks!
Hi,

I have not tested the MA you mentioned.

But we use the 5SMMA High-Low price action channel the same one which Big E used back in 2008 when he started trading forex as a newbie. Big E became aggressive in his trading style and he removed the PAC and replaced it with the 5EMA, Typical Price , Shift+3.

Using the original PAC is considered to be conservative but it is better and will help new traders gain more experience and confidence with more winning trades.
The same when new traders use the TDI will the full lines - the Yellow MBL and the Blue Band Volatility Band VB which Big E also removed from his trading charts.

What is more important is that traders make money and not about being right and follow the chart template of the OP.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,207
  • Aug 3, 2017 7:20pm Aug 3, 2017 7:20pm
Quoting darko2010
{quote} I use both the yellow line and EMA10 to confirm valid TDI cross. Is it overkill?

I use the 10EMA on Day chart when I traded Gold and other stocks and indices. It is simple and effective. You need to check you charts once a day after the markets closed and update your trade plan and place your orders for the next day when markets open again.

The RSI is just to look for setups with momentum. Too bad that spot forex does not have centralized exchange and we cannot use the trade volume as an added analysis to trade with.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,208
  • Aug 3, 2017 7:32pm Aug 3, 2017 7:32pm
Quoting emmanuel7788
{quote} Hi, I think to read all the 80k posts in this thread will take very long time and to get started trading with TMS 5-Method. Option #2 below would be a good start. Option #3, if you are an experienced trader with say 5 years trading experience, Option #3 would be the place to start. You can have three options: Option #1: Go to this post link, read and follow that post. https://www.forexfactory.com/showthr...80#post9661780 Option #2: Go to this post link, download...
Thank you very much emmanuel7788 :-) The help is very much appreciated.
  • #81,209
  • Aug 4, 2017 12:19am Aug 4, 2017 12:19am
GBPJPY - was in wide range sideways for many months, yesterday was BEEB, TDI green crossed below red and market base line, but the BEEB was very large (240 pips). Any one welling to take the risk to sell here?

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  • #81,211
  • Aug 4, 2017 1:48am Aug 4, 2017 1:48am
Quoting zonalmarking
Went Long EURUSD h4 Met all 3 mechanical Rules for Entry *H.A close above PAC *PAC shows bullish trend * TDI cross above orange and 50 Level IS this trade valid Emma? {image}
Hi Zonal, Very colorful Candles on your chart! Can you share the indicator(s) and template with us to add colour to our charts too? Kind regards. Sachu
  • #81,212
  • Aug 4, 2017 3:37am Aug 4, 2017 3:37am
Quoting emmanuel7788
{quote} Hi, I have not tested the MA you mentioned. But we use the 5SMMA High-Low price action channel the same one which Big E used back in 2008 when he started trading forex as a newbie. Big E became aggressive in his trading style and he removed the PAC and replaced it with the 5EMA, Typical Price , Shift+3. Using the original PAC is considered to be conservative but it is better and will help new traders gain more experience and confidence with more winning trades. The same when new traders use the TDI will the full lines - the Yellow MBL and...
ok thanks,

I backtested the two methods and indeed the 5EMA is better. Thanks
  • #81,213
  • Aug 4, 2017 3:50am Aug 4, 2017 3:50am
Quoting emmanuel7788
{quote} Hi, I have not tested the MA you mentioned. But we use the 5SMMA High-Low price action channel the same one which Big E used back in 2008 when he started trading forex as a newbie. Big E became aggressive in his trading style and he removed the PAC and replaced it with the 5EMA, Typical Price , Shift+3. Using the original PAC is considered to be conservative but it is better and will help new traders gain more experience and confidence with more winning trades. The same when new traders use the TDI will the full lines - the Yellow MBL and...

Furthermore, Emmanuel, the OP (Big E) style of trading was Swing trading which is Reversal pattern, and while the PAC is continuation pattern which is Trend following. So the choice is ours. Trade well.


Happy trading,
Yomi.
Time always comes before price
  • #81,214
  • Aug 4, 2017 4:02am Aug 4, 2017 4:02am
Quoting fxrabbi
{quote} Furthermore, Emmanuel, the OP (Big E) style of trading was Swing trading which is Reversal pattern, and while the PAC is continuation pattern which is Trend following. So the choice is ours. Trade well. Happy trading, Yomi.
Thanks for the tip!
  • #81,215
  • Aug 4, 2017 6:25am Aug 4, 2017 6:25am
ME/ME trade manager V7 development trade examples. The average entry price calculation is wrong here, but still making some (demo) money... V8 will include the correct average entry price calculation.
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  • #81,216
  • Aug 4, 2017 6:39am Aug 4, 2017 6:39am
Quoting Sachu
{quote} Hi Zonal, Very colorful Candles on your chart! Can you share the indicator(s) and template with us to add colour to our charts too? Kind regards. Sachu
Hi Sachu, I am using Tradingview. Somebody made a TDI indicator in that platform
  • #81,217
  • Aug 4, 2017 8:20am Aug 4, 2017 8:20am
Quoting Uk1
ME/ME trade manager V7 development trade examples. The average entry price calculation is wrong here, but still making some (demo) money... V8 will include the correct average entry price calculation. {image}
hi uk1, are you planing to share that ea here ?
  • #81,218
  • Aug 4, 2017 9:26am Aug 4, 2017 9:26am
Quoting Mentalist96
{quote} hi uk1, are you planing to share that ea here ?
Hi,
This is not an EA, only a trade manager to manage my trades, manually executed, after doing my BPP. I have spent almost 5 long years learning to trade this FX market so far, still a long way to go, and I have spent the last year thinking about and then spending my own hard earned money developing this trade manager, with some pointers / learning from Emmanuel. I do not plan to share this no, it will be useless anyway to anyone who has not spent the time in developing their understanding of the markets, and the options available to make some money. The reason I post this is to show whats possible and to get feedback / further learning from the senior members here.

Thanks
  • #81,219
  • Aug 4, 2017 11:54am Aug 4, 2017 11:54am
Hi everyone just getting back into TMS after a month of for honeymoon and still learning. I have carried on with my demo account and have 3 trades running can Emmanuel7788 or anyone else on here show me were i may have gone wrong or any other tips. Also am I missing any indicators on these charts ??
Thanks Craig

EURUSD
AUDUSD
AUDNZD
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  • #81,220
  • Aug 4, 2017 12:06pm Aug 4, 2017 12:06pm
Quoting Uk1
ME/ME trade manager V7 development trade examples. The average entry price calculation is wrong here, but still making some (demo) money... V8 will include the correct average entry price calculation. {image}

Hi UK1,

Good job. I am happy you made progress with your ME/ME trade manager. It will still take many more months for you to work on live trading and gain the required experience to deal with extreme market conditions like todays NFP.

You recall my post last week on the A$5K project we started.
https://www.forexfactory.com/showthr...2#post10135652

Today NFP is yet another real test how trading with ME/ME small positions can survive the huge volatility casued by market reaction to NFP. I had to cut some losses but this trading account did not crash as some may expect it to. In fact it did better than I wanted to. I worked hard to aim for A$25K this 20-trading days cycle which started on Tuesday Aug 01 and just closing some more trades now this account grew to A$28K, better than I had planned.

Anyway, below is a screen shot of this account seen in Trade Explorer.
Those who are on my FX Blue account white list can also see this account.
Attached Image (click to enlarge)
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This is to encourage you to keep working hard at trading and remember your personal goals to achieve financial freedom one day.

Every trader needs to have the required knowledge, skills and experience to be able to trade consistently and make money. It does not come easy. There will be some sacrifices in life which we must make to reach our goals.

Wish you all the best and good luck, although we need skills and do not rely on luck to make it work.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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