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Trading Made Simple

  • #82,801
  • Oct 26, 2017 7:00pm Oct 26, 2017 7:00pm
Re-study this system and shorted eurusd & eurjpy ytd when NY session open after Draghi’s dovish speech. With HA, PAC and TDI met all criteria. Exited today with +200pips

also longed usdchf ytd at the same time and exited with +60pips.

shorted audcad with -40pips

total net +220pips in less than 24h

currently still has ongoing gbpusd with +40pips
  • #82,802
  • Oct 26, 2017 7:06pm Oct 26, 2017 7:06pm
Quoting hzs10
just sharing some thought. Previously when i came across this trading strategy, i just follow blinding and did not understand much of the HA candle formation and what is the line in TDI about. So I decided to research and read everything so i know how to analyse what is the criteria for entry instead of just follow blindly. Attached is a pdf I found which talks about HA, the moving average and TDI. It is NOT the same as TMS strategy. I just share for the beginners or those who are new to this strategy for better understanding on how it works. I...

this is a very old document of the Synergy system which the OP Big E was trading back in 2008. He stripped some parts of the system and made it the 5-METHOD which later move its discussion under this thread title Trading Made System.

Be careful when posting commercial stuff in FF. You can be made a Commercial Member by FF Admin.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,803
  • Oct 26, 2017 7:09pm Oct 26, 2017 7:09pm
Quoting hzs10
Re-study this system and shorted eurusd & eurjpy ytd when NY session open after Draghi’s dovish speech. With HA, PAC and TDI met all criteria. Exited today with +200pips also longed usdchf ytd at the same time and exited with +60pips. shorted audcad with -40pips total net +220pips in less than 24h currently still has ongoing gbpusd with +40pips

you are very late with USDCHF buy entry.

best entry was on Monday Day open.

https://www.forexfactory.com/showthr...5#post10415675
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,804
  • Oct 26, 2017 7:11pm Oct 26, 2017 7:11pm
Quoting emmanuel7788
{quote} you are very late with USDCHF buy entry. best entry was on Monday Day open. https://www.forexfactory.com/showthr...5#post10415675
Yup yup. Bc i did not use TMS again till ytd. But still manage to catch some good pips
  • #82,805
  • Oct 26, 2017 7:24pm Oct 26, 2017 7:24pm
Quoting chrrmfbvk
{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?

here is an EURUSD example what "empty space"means on D1 chart trading.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 27 empty space D1.png Size: 57 KB


now your job is to look for the CONFLUENCE of the next support and resistance
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,806
  • Oct 26, 2017 7:30pm Oct 26, 2017 7:30pm
EURGBP long term investors looking for 8500,

what I see now is that it will take very long time for it to drop to that level, how long? I don'know. All I see is there are support below between 8900 and 8500

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 43 8500.png Size: 65 KB


some are tempted by the gap at 8720
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,807
  • Oct 26, 2017 7:49pm Oct 26, 2017 7:49pm
Quoting emmanuel7788
{quote} ooops... while your were typing,... I just edited the post above with more details. more on MEME trading.


Many thanks
  • #82,808
  • Oct 26, 2017 8:11pm Oct 26, 2017 8:11pm
Quoting emmanuel7788
{quote} ooops... while your were typing,... I just edited the post above with more details. more on MEME trading.
Hi, Emma, can you please write a detailed PDF to how to MEME. As I found it is ranging market, due to the end of year. I have seen you add Lock function etc, it is new stuff. Just demo a pair, step by step. How to build positions, how to exit step by step. I have a lock profit EA, I wanna share if you permit.
  • #82,809
  • Oct 26, 2017 11:18pm Oct 26, 2017 11:18pm
Quoting emmanuel7788
EURGBP long term investors looking for 8500, what I see now is that it will take very long time for it to drop to that level, how long? I don'know. All I see is there are support below between 8900 and 8500 {image} some are tempted by the gap at 8720
Hi Emmanuel

Could you pls explain a little bit more on the gap at 0.8720
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 37 KB
  • #82,810
  • Oct 27, 2017 2:29am Oct 27, 2017 2:29am
Quoting emmanuel7788
{quote} you should post only the screen shot of your MT4 chart and not the whole window of your PC which shows confidential information. in strong trends, we do not worry about the RSI or TDI 32 level. the RSI and TDI are both oscillators, they are good for ranging market conditions and not trending market condition. when your trade the D1 chart timeframe, you manage in the same D1 chart timeframe. Do not try and micro-manage in lower timeframes. if you are concern that the D1 RSI/TDI is at the 32 level, then look at the Weekly to see the trending...
Thanks for the heads on on posting only charts screen shots and thanks for your reply.
Craig
  • #82,811
  • Oct 27, 2017 2:31am Oct 27, 2017 2:31am
Quoting jkay7214
{quote} Hi Emmanuel Could you pls explain a little bit more on the gap at 0.8720 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EG gap.JPG Size: 120 KB


although this is not on my charts
  • #82,812
  • Oct 27, 2017 4:59am Oct 27, 2017 4:59am
Quoting emmanuel7788
{quote} Yes. Looking to sell EU today. You are right about those small D1 candles.... they can grow big ...
you were right on them growing big.. well done.. eu sold off well...
It's in fear when people show what they truly value.
  • #82,813
  • Oct 27, 2017 5:52am Oct 27, 2017 5:52am
Quoting ensale
{quote} you were right on them growing big.. well done.. eu sold off well...

I was wrong about 'big'... its was huge 200pips move LOL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,814
  • Oct 27, 2017 5:52am Oct 27, 2017 5:52am
Emmanuel, your posts are always a source of help and inspiration and a reason for improvement. Thank you.
I have some questions and I hope you know how to answer.

Quoting emmanuel7788
then wait for 0.5ADR retracement and add the second ME position.
When price retrace what should we use to calculate the next ME position?
1. Account Balance (value before opening any trade) or
2. Core Equity = Account Balance - Amount used in Open Positions or
3. Total Equity = Account Balance +/- Value of Open Positions (losses in that case)

Quoting emmanuel7788
your sell technical stop loss is previous 2 weeks High
This is the only stop loss for all the trades of the basket? Our position sizing is based on this fixed stop loss?

Quoting emmanuel7788
ADr(100) D1 is 82 pips, you can simply use 40pips as your 0.5ADR setting set your Minimum Take Profit at 0.5ADR this mean when price move in your favour +0.5ADR, you exit and take the money. Re-enter a new Position and initiate a new basket.
When we exit and re-enter a new position what should we use to calculate the next first position of the new basket?
1. Account Balance before opening any basket of trades or
1. Account Balance before opening any basket of trades + Protected Profits (Account Balance after closing of the basket)

Quoting emmanuel7788
With 2 ME positions in a new basket you keep track of the average entry price. There is an indicator for doing this. if the market move in your favour after you have 2 open ME positions/basket, you manage with Profit Lock. Profit Lock is an option which you can also use 0.5ADR. With 2 open positions /basket and when the price move in your favour and past the Profit Lock level, this will be your trailing stop.
Profit locking option is used whenever there are at least 2 meme open positions, from the first basket of trades?

Thank you.
  • #82,815
  • Oct 27, 2017 6:00am Oct 27, 2017 6:00am
NZDUSD Week 43 Oct 27

Low timeframe is usually full of 'noise' and since it is week ending soon, we can't tell if there are really buyers coming into buying Kiwi near the weekend.
More likely the long term sellers are taking profits and will sleep well before US GDP data release.
TMS traders check the short term Daily and long term Weekly trends for trade direction decision.
Anyway, after a long down trend, market will pause and it usually go sideways before the next move. Consolidation / Sideways market more likely after a trending move.

I wont be buying Kiwi anytime soon until I see another Weekly candle close next week.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 43 Oct 27.png Size: 54 KB


Looking at possible support 06760 from the MN.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 43 Oct 27 Lower support6760.png Size: 58 KB

Preserve your trading capital and also use your hard earned money for better trades. Make your hard eanred money work harder for you and not let it be locked in floating DD for weeks and months.
Good Trading folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,816
  • Oct 27, 2017 6:15am Oct 27, 2017 6:15am
WARNING:

In about one half hour, the smart money will take all our money. There are tons of orders exposed out there and smart money knows volume and they will take all the limit and stop orders.
I am going to close some trades soon and walk away.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,817
  • Oct 27, 2017 6:52am Oct 27, 2017 6:52am
hi guys

i know the answer is in this thread but it's far too big
just wondering how do you recreate the TDI on mt4 manually
  • #82,818
  • Oct 27, 2017 7:01am Oct 27, 2017 7:01am
Quoting emmanuel7788
{quote} I was wrong about 'big'... its was huge 200pips move LOL
UGEEE LOL!
It's in fear when people show what they truly value.
  • #82,819
  • Oct 27, 2017 7:20am Oct 27, 2017 7:20am
Hi, I'm done for the week. I'm very happy with the results ( almost 1%), considering I only have been trading 3 pairs ( only one on Monday, and 2 Tuesday, 3 from Wednesday to today).
I've realized that a 5000$ account is a bit little for this kind of trading, even with microlots.
This week, I've been trading manually, next week I would like to trade with some kind of EA. I would like to try it with the MPTM EA, but it looks like Steve doesn't accept more members in his web, so I can not download his new version. Can somebody upload the EA? or another one? ( I've tried the THV cavemanager, and it doesn't like me)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 66 KB
  • #82,820
  • Oct 27, 2017 9:05am Oct 27, 2017 9:05am
I'm feeling quite pleased that I'm finally making sense and good decisions for entry/exit. My first week with MEME ending in a profit.
Attached Image (click to enlarge)
Click to Enlarge Name: TradesWE27102017.jpg Size: 106 KB


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