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Trading Made Simple

  • #82,721
  • Oct 24, 2017 10:11am Oct 24, 2017 10:11am
Quoting irishcraig09
{quote} Hi forexrocks If you go to the attachment page you can download a PDF called Money Management Strategy ideas from Emmanuel which may help you. There is also links to different post explaining stuff. Hope this helps you out, Cheers Craig
I looked for this but could not find it, if you could post a link that would be most helpful, thanks!
  • #82,722
  • Oct 24, 2017 11:21am Oct 24, 2017 11:21am
https://www.forexfactory.com/showthr...53#post7968153

There is a little bit about me/me
It maybe a starting point to help you out
Cheers
Craig
  • #82,723
  • Oct 24, 2017 12:11pm Oct 24, 2017 12:11pm
Quoting emmanuel7788
{quote} Hi, In case you do not know, Big E the OP of this thread passed away in 2012. If you want any comments to your trades, you need to post your trades with charts so that other members here can help you. As to the direction to take a trade, always pick the direction of the higher timeframe for example the Monthly and Weekly when you want to trade D1 and H4.
Hi Emmanuel7788,

the feeds and pages gave me a good stand. thank you so much for that.
unfortunately in Big e is comment he posted a pic that of a TDI with 3 variables RSI,MA,and another thing. i think that is a pretty easy indicator. could you please upload a indicator or template with all that? or any link?
  • #82,724
  • Oct 24, 2017 12:22pm Oct 24, 2017 12:22pm
Quoting clinton.nada
{quote} Hi Emmanuel7788, the feeds and pages gave me a good stand. thank you so much for that. unfortunately in Big e is comment he posted a pic that of a TDI with 3 variables RSI,MA,and another thing. i think that is a pretty easy indicator. could you please upload a indicator or template with all that? or any link?

recently asked and replied:
see this post
https://www.forexfactory.com/showthr...2#post10379922
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,725
  • Oct 24, 2017 12:27pm Oct 24, 2017 12:27pm
Quoting Forexrocks
{quote} Evening, guys Sorry Mr. Emmanuel, would you please kindly provide me the portal to where the "MEME" trading strategy originally started? I feel like so many steps behind when i am still working on the TMS while other fellows are talking about MEME.

You do need to have the time to read many old posts here:

https://www.forexfactory.com/showthr...21#post9921521
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,726
  • Oct 24, 2017 12:32pm Oct 24, 2017 12:32pm
Quoting nigpig
My first success at MEME with my own expert. This may be confusing as this is a M5 chart. I use this for the M5 bar change to check my trades but I'm actually trading H4. I'm using H4 ATR2(100) stop loss and trade at 0.5ATR intervals with a 0.5ATR TP with lock-in to allow profits to run to an M5TDI cross against. Thanks to Emm. {image}

Good job. Well done!



Once you learned the basic concept of entries and exits, you can create your own variations quite easily and make money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,727
  • Oct 24, 2017 1:16pm Oct 24, 2017 1:16pm
Quoting emmanuel7788
{quote} Thanks Black. good points made. Noted. Some people had mix-up up Multiple Entries/Multiple Exits with Position Building. These are two different things with its own features and its pros and cons. These people had not fully understood the two and their differences, they applied them wrongly therefore did not get the real benefits of either. You can use either one or the other independently. For example, you can use Multiple Entries with Single Exit with Position Building. The biggest advantage for me is that trade management can be...
Oh Emmanuel, thanks for the answer.

Maybe those people are confused because the ones teaching the strategy are more focused on attacking other threads rather than explaining it better.

What I understand now is that ME/ME does not change expectancy, it only redistributes win and losses.

But the real advantage is we don't need to look at the charts much time.

Cheers.
  • #82,728
  • Oct 24, 2017 1:18pm Oct 24, 2017 1:18pm
https://www.forexfactory.com/showthr...1#post10368811

What I see is that I'm on my path to turn 1000$ into 1'000 000 within the next 4 years

Attached Image (click to enlarge)
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  • #82,729
  • Oct 24, 2017 3:35pm Oct 24, 2017 3:35pm
Quoting emmanuel7788
{quote} Good job. Well done! Once you learned the basic concept of entries and exits, you can create your own variations quite easily and make money.
Thanks Emm for your encouragement.
  • #82,730
  • Oct 24, 2017 6:12pm Oct 24, 2017 6:12pm
Oct 25 Wednesday

I see a few mid-week opportunities on D1 chart

AUDUSD - sell
EURUSD - sell
GBPUSD - sell
USDCAD - buy
USDCHF - buy


EURAUD - buy
EURCAD - buy
EURNZD - buy

USDJPY - buy
EURJPY - buy

AUDNZD - buy
AUDCAD - buy
NZDCAD - sell

Determine where your initial Stop Loss for every trade setup condition,use your own Money Management with %Risk and do your trade Position Size.

Do Not overtrade and get out of your trade(s) take the losses when you are wrong.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,731
  • Oct 24, 2017 6:25pm Oct 24, 2017 6:25pm
Quoting Black
https://www.forexfactory.com/showthr...1#post10368811 What I see is that I'm on my path to turn 1000$ into 1'000 000 within the next 4 years {image}

Well, I was banned from his thread long time ago until 2 weeks ago for unknown reason I managed to post in that thread. I posted a few question about his trades history, etc. immediately he banned me again. Obviously he did not like my questions which could have expose his deeds. He will continue to use his thread and criticise me and I will not have the freedom to post to reply him there. But he can still come here and post whatever he wants. Patience ....

I think member TheMark did make a few good valid points about the Pivot Trading with TDI ... thinking Out of The Box
https://www.forexfactory.com/showthread.php?t=679786

The same rookie trader who started trading in 2012 and dreamed of turning $5k into One million $$$ in 4 years. Obviously he thought he knew about effect of compounding profits but did not know that losses are also compounded.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,732
  • Oct 24, 2017 6:37pm Oct 24, 2017 6:37pm
GBPUSD Oct 25 DBHLC - Double Bars High Lower Close as the setup

Note the Weekly big candle and subsequent 2 weeks of smaller W1 candles.

Target weekly Low

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 43 Oct 25 DBHLC.png Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD TMS multicharts.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,733
  • Oct 24, 2017 7:00pm Oct 24, 2017 7:00pm
Trading with Moving Averages - many trading systems are based on price action and moving averages.

Looking at GBPAUD this week, we see the price action is in the proximity of the 10EMA and 50EMA in different timeframe charts

D1 chart traders will find it hard to sell when the PA is above its 10EMA.

H4 traders may think PA is trapped between 10 and 50 EMAs.

W1 also shows PA 'trapped' between 10 and 50 EMAs.

In such situation, what will you based on trade decision today?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 43 multicharts.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,734
  • Oct 24, 2017 9:21pm Oct 24, 2017 9:21pm
Hi Emmanuel, I have sent you a private message. Just incase you did not see it. Thanks man!!!
Trade Different
Multi 3000 All Time Pips: 23,606
  • #82,735
  • Oct 24, 2017 10:55pm Oct 24, 2017 10:55pm
I joined this thread because I liked the idea of the title. I've been trying to learn trading for over a month now and the one thing I have learned is that it isn't simple (at least not for me!). I seem to go in at the all the wrong times with my trades (despite using indicators to help). I'm impressed by all you other guys who seem to have it all figured out.
  • #82,736
  • Oct 24, 2017 10:59pm Oct 24, 2017 10:59pm
Quoting emmanuel7788
Trading with Moving Averages - many trading systems are based on price action and moving averages. Looking at GBPAUD this week, we see the price action is in the proximity of the 10EMA and 50EMA in different timeframe charts D1 chart traders will find it hard to sell when the PA is above its 10EMA. H4 traders may think PA is trapped between 10 and 50 EMAs. W1 also shows PA 'trapped' between 10 and 50 EMAs. In such situation, what will you based on trade decision today? {image}
Hi Emmanuel,
Strats method uses 20 50 100 and also 63 EMA which is different from what we in TMS use. Pls explain the difference in MA approach.
  • #82,737
  • Oct 24, 2017 11:13pm Oct 24, 2017 11:13pm
Quoting emmanuel7788
Oct 25 Wednesday I see a few mid-week opportunities on D1 chart AUDUSD - sell EURUSD - sell GBPUSD - sell USDCAD - buy USDCHF - buy EURAUD - buy EURCAD - buy EURNZD - buy USDJPY - buy EURJPY - buy AUDNZD - buy AUDCAD - buy NZDCAD - sell Determine where your initial Stop Loss for every trade setup condition,use your own Money Management with %Risk and do your trade Position Size. Do Not overtrade and get out of your trade(s) take the losses when you are wrong.

In an earlier post about Big Trade Planning, you talked about empty space. What is the significance of this "empty space"? That the trend will continue for longer due to a lack of S or R stopping the trend?
  • #82,738
  • Oct 25, 2017 12:04am Oct 25, 2017 12:04am
Quoting emmanuel7788
Trading with Moving Averages - many trading systems are based on price action and moving averages. Looking at GBPAUD this week, we see the price action is in the proximity of the 10EMA and 50EMA in different timeframe charts D1 chart traders will find it hard to sell when the PA is above its 10EMA. H4 traders may think PA is trapped between 10 and 50 EMAs. W1 also shows PA 'trapped' between 10 and 50 EMAs. In such situation, what will you based on trade decision today? {image}
Hi Emmanuel,

I went short on GA last Thursday and that trade ended up a losing one. So I was making some POMO analysis. I knew there was a support around 1,67 but I thought that was broken as last Thursday candle closed below 1,67 at 1.6697 to be precise. But last Friday candle reversed and ended up a BUEB which resulted into a bullish pin bar on W1.

4 hours passed since your post and at the moment price is trading above W1 50 EMA because of probably weaker than expected quarterly CPI.

If I traded long based on last week's bullish pin bar, I could have made lots of pips so far but as I am late I stay on the sideline for today and this week. To me market is sideways as it is trading within that WCC on week 38.

Okoso
Attached Image(s) (click to enlarge)
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  • #82,739
  • Oct 25, 2017 12:41am Oct 25, 2017 12:41am
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  • #82,740
  • Oct 25, 2017 1:15am Oct 25, 2017 1:15am
Quoting emmanuel7788
Oct 25 Wednesday I see a few mid-week opportunities on D1 chart AUDUSD - sell EURUSD - sell GBPUSD - sell USDCAD - buy USDCHF - buy EURAUD - buy EURCAD - buy EURNZD - buy USDJPY - buy EURJPY - buy AUDNZD - buy AUDCAD - buy NZDCAD - sell Determine where your initial Stop Loss for every trade setup condition,use your own Money Management with %Risk and do your trade Position Size. Do Not overtrade and get out of your trade(s) take the losses when you are wrong.
EU sell? Hm, maybe you meant NU? I just do not see it on EU (last two days small candles, no LL, very close to S area, and last W1 was an IB, therefore we assume it is ranging market, until a break out).
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