New Here. Found this TMS just 2 weeks. And start to reading, taking notes. Will look back again. Just want to say thank you everyone here today. Really enjoy this.
Best.
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Trading Made Simple the right way, and other trading lessons 332 replies
Monitor for 'Trading Made Simple' system 563 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
Disliked{quote} 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,...Ignored
Disliked{quote} 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).Ignored
DislikedTrading 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}Ignored
Disliked{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 CraigIgnored
Disliked{quote} Hi Emmanuel, maybe this is not the correct answer, but I think that if the picture, the situation, is not clear, the best option is to choose another pair. By another hand, I'm slowly progressing with MEME trading. I started the week only with GBPUSD, then I added EURUSD, and today USDCAD. Anyway, I don't closed any trade yet. I'm planning to add more pairs next week, up to 6. {image} {image}Ignored
Disliked{quote} Very good! When you trade several USD majors in one same account, you must take into consideration that these pairs are either correlated or inverse correlated. When one pairs goes wrong then you can have 2 or 3 pairs going wrong. I usually pick only one pair from this USD major group. When you use lot size increment you must take care of the margin requirements when total 5 trades are open. Manage the Equity and Margin Level. Make sure you keep track of the average entry entry price of all open positions and whenever possible try breakeven...Ignored
Disliked{quote} 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?Ignored
DislikedOct 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.Ignored
Disliked{quote} Hi Emmanuel I caught the AUDUSD last night. I wasn't sure in taken it as looking back there was some S/R I see there was some around the 6/10/2017 and 15/3/2017. My question is if everything stacks up PAC, HA candle, TDI but we have S/R do we still take the trade as this could be a breakout. Sorry for the amateur question. CraigIgnored
Disliked{quote} 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.Ignored
Disliked{quote} Yes. Looking to sell EU today. You are right about those small D1 candles.... they can grow big ...Ignored
Dislikedhttps://www.forexfactory.com/showthr...53#post7968153 There is a little bit about me/me It maybe a starting point to help you out Cheers CraigIgnored
Disliked{quote} 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...Ignored
Disliked{quote} Hi Emm. It is unfortunate that you post links to a thread where the OP had his membership pulled. Doesn't do much for the credibility of the argument.Ignored
Dislikedquote=emmanuel7788;10427353]USDJPY Week 43 Oct 26 UJ struggles and had not closed above 140.00 for 3 days. But it did make a push to a higher high on H4 and we still need to wait to see if there is any sell opportunity. Those who sold at average price 125.50 ~125.75 remains in huge DD and still pray and hope for UJ to drop to 125.00. Should have cut your losses because there were better pairs to trade this week. Do Not let your hard earned money be locked in floating DD. Make your hard earned money work harder for you. Cut Loss to free up your trading...Ignored