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Trading Made Simple

  • #82,901
  • Oct 29, 2017 5:41pm Oct 29, 2017 5:41pm
Quoting emmanuel7788
{quote} Very simple basic rule, we all need the see the H4 candle close and make sure that has a change in HA colour. With only one exception. Trading robots are dumb, they cannot make this discretionary exception.
Thank you I really appreciate it!
  • #82,902
  • Oct 29, 2017 5:41pm Oct 29, 2017 5:41pm
Count me in too please!
really great what you do in this topic
  • #82,903
  • Oct 29, 2017 5:44pm Oct 29, 2017 5:44pm
Quoting emmanuel7788
Good morning Folks, Market will open soon. I know many of us do not like to work especially on weekends. Have you done your weekend market analysis and prepared your trade plan for this week? If you do not have a trade plan, better you do not take any trade. I did my weekend homework as usual and done some back-testing. Below is a screenshot of how I would trade TMS H4 like Big E taking an trade entry on H4 HA candle #2 entry and use MEME. With a small account size $500 and trading the smallest lot 0.01 lot with maximum 5 ME positions/basket. ME...
I'm curious to see a losing trade, but I'm not sure you will show it to us.
I checked on the chart and it's like there is a trailing stop even if the price goes in the opposite direction.
In this case, it seems to me that it is like trading without a stop loss.
  • #82,904
  • Oct 29, 2017 5:51pm Oct 29, 2017 5:51pm
Quoting Giannis95
{quote} I'm curious to see a losing trade, but I'm not sure you will show it to us. I checked on the chart and it's like there is a trailing stop even if the price goes in the opposite direction. In this case, it seems to me that it is like trading without a stop loss.

You must pay attention to details to my posts written and also on the chart.
There is stop loss 2x ADR100.
There are losing trades but very few losing baskets.
Learn to spot the losing trades within same basket.
Also learn to spot breakeven trades, usually minimum 2 trades are breakeven with one winner in same basket.
Losing basket (if any) is easy to see on the chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,905
  • Oct 29, 2017 6:07pm Oct 29, 2017 6:07pm
Quoting emmanuel7788
Good morning Folks, Market will open soon. I know many of us do not like to work especially on weekends. Have you done your weekend market analysis and prepared your trade plan for this week? If you do not have a trade plan, better you do not take any trade. I did my weekend homework as usual and done some back-testing. Below is a screenshot of how I would trade TMS H4 like Big E taking an trade entry on H4 HA candle #2 entry and use MEME. With a small account size $500 and trading the smallest lot 0.01 lot with maximum 5 ME positions/basket. ME...
hi emmanuel
why you sell when trend is so up?
  • #82,906
  • Oct 29, 2017 6:08pm Oct 29, 2017 6:08pm
Quoting emmanuel7788
{quote} You must pay attention to details to my posts written and also on the chart. There is stop loss 2x ADR100. There are losing trades but very few losing baskets. Learn to spot the losing trades within same basket. Also learn to spot breakeven trades, usually minimum 2 trades are breakeven with one winner in same basket. Losing basket (if any) is easy to see on the chart.
There are some losing trade but the total basket profit is always positive. The ADR100 is added / subtracted from the average entry price (I suppose), so I deduced that only after the opening of the 5 trade this will not change anymore. Am I wrong?
  • #82,907
  • Oct 29, 2017 6:18pm Oct 29, 2017 6:18pm
Quoting ph2lsl
{quote} hi emmanuel why you sell when trend is so up?
You have not fully understood Big E H4 trading style. He checks the 'short term trend ' and the 'long term trend'. before taking every TDI trade.

I mentioned this many times in my posts since 2011.

There are many different market types. Dr Van Tharp has 10 different market types defined for trading the stock market.

I made it simple for my forex trading, reduce to just 3 different market types.

1) Trending Market Type
2) Sideways Wide Range Market Type
3) Sideways Narrow Range Market Type

Type 3) is not good for TMS trading.

Most often we see Type 2) wide ranging market, so we can buy the lows and sell the highs.

Type 1) is what most trend following systems are build on. But if you are caught in the wrong direction of the trend, you suffer the losses.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,908
  • Oct 29, 2017 6:19pm Oct 29, 2017 6:19pm
Quoting ph2lsl
{quote} hi emmanuel why you sell when trend is so up?
How can you see "so up"?
  • #82,909
  • Oct 29, 2017 6:26pm Oct 29, 2017 6:26pm
Quoting emmanuel7788
{quote} You must pay attention to details to my posts written and also on the chart. There is stop loss 2x ADR100. There are losing trades but very few losing baskets. Learn to spot the losing trades within same basket. Also learn to spot breakeven trades, usually minimum 2 trades are breakeven with one winner in same basket. Losing basket (if any) is easy to see on the chart.

very interesting and inspiring, but I have a question because the chart is with 4h timeframe. When you say ADR 100, is also based on ADR100 of Daily charts, or based on ADR 100 of 4h?
  • #82,910
  • Oct 29, 2017 6:34pm Oct 29, 2017 6:34pm
Quoting tomgu
{quote} How can you see "so up"?
becuse emmanuel is sell until 3 august and trend up
  • #82,911
  • Oct 29, 2017 6:38pm Oct 29, 2017 6:38pm
Quoting Jordi
{quote} very interesting and inspiring, but I have a question because the chart is with 4h timeframe. When you say ADR 100, is also based on ADR100 of Daily charts, or based on ADR 100 of 4h?
ADR = Average Daily Range.

Use the ADR form most trade parameters calculation to maintain consistency.

if use ATR, then it is the Average Trading Range of that chart timeframe. If you calculate based on chart timeframe, then some things will go wrong.

If you want to see ADR(100) place the platform' standard ATR on your D1 chart set to period 100. Set the parameter to view only in D1 timeframe. This will prevent possible mistakes when you switch your chart timeframe.

Another common mistake is the average weekly range (52 weeks).
Some traders call this AWR, some confuse this with ADR 52, etc.

Keep it simple, the ATR(52) on the Weekly chart will show us the average weekly range of the last 52-weeks.

How I use the average weekly range (52 weeks) have been discussed in my posts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,912
  • Oct 29, 2017 6:41pm Oct 29, 2017 6:41pm
@Emma I think EU will have a retrace, as it is under TDI 32. Green cross red,but not sharp. What time to start sell, London open? or during Asia market now?
  • #82,913
  • Oct 29, 2017 6:58pm Oct 29, 2017 6:58pm
Quoting tomgu
@Emma I think EU will have a retrace, as it is under TDI 32. Green cross red,but not sharp. What time to start sell, London open? or during Asia market now?
Trade what you see and based on your own trading rules. I don't care about the TDI 32 or 68 levels. Entry is on D1 chart, its 3rd HA candle anyway... CONTINUATION trade.

I open sell position when Sydney open this morning.
Stop Loss is above previous 2 weeks high.
***always use Stop Loss when trading.

If market retraces, which it normally does, and on D1 chart it can be 100 to 150pips, then my trade manager will add ME#2 at distance of 0.5ADR from the first ME#1 position. This way I have a better average entry price of two positions in one basket.

What if the market retraces higher? Just repeat until maximum 5 positions open in one basket.

Keep track of the average entry price of all positions.
Use a simple spreadsheet and do all the calculations for you. This should be in your preparation of your trade plan.

You can wait for London open to start trading but ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,914
  • Oct 29, 2017 9:43pm Oct 29, 2017 9:43pm
Quoting emmanuel7788
{quote} Let's see how many more members want to see a live account trading with TMS MEME. If it is only you, I can simply give your my account investor password and you can login into my live account and follow live trades in realtime. But you must agree to a simple NDA with me. I have a small problem with leverage 1:400. My current broker only allow me 1:50 and they will reduce it to 1:25 in Jan 2018. I have to consider another broker who can offer me 1:100 or 1:200. Let me talk to the account manager. You do your weekly top down analysis post...
Dear Emmanuel,

Please count me in too.

Thank you for this opportunity!
  • #82,915
  • Oct 29, 2017 10:39pm Oct 29, 2017 10:39pm
AUDCAD Week 43 Oct 30

On Weekly chart, we see ranging market with a WCC.
For PASR traders, that means no trading until price breaks out of the WCC range.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD W1 Week 44 WCC.png Size: 38 KB


Note: when the market is narrow ranging Weekly, trading the Weekly Pivots is useless. Why?

Now look at our TMS trading charts below,

Several possible scenario,
1) price move up to region 0.9925 and 0.9950 'minefield' to fills orders.

2) move down to the WCC Low also that is a D1 Master Candle Low.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Week 43 Oct 30 Multicharts.png Size: 60 KB


Best thing traders should do is stand aside and look for another pair to trade.
It is month end closing tomorrow anyway.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,916
  • Oct 29, 2017 11:44pm Oct 29, 2017 11:44pm
i have always appreciated your inputs. Learnt a lot from you. Is it still possible to join the group?
  • #82,917
  • Oct 30, 2017 1:27am Oct 30, 2017 1:27am
Quoting emmanuel7788
{quote} Why do trading coaches, schools, books, etc always use $10,000 as trading account size in their teaching? If you treat trading as a business and want your business to generate a certain amount of money as additonal income, how much should be your business capital? What do you need to know? Seriously, for someone living in a country where the median annual income range is $50K to $70K, what can a $100 trading account do for you?
3 things:

1. I believe it's $10,000 unleveraged rather than leveraged and because that's enough to safely open more than one position without risk.

2. Business capital is arbitrary; $10,000 today won't be worth $10,000 tomorrow. What second of the day are you inquiring about?

1. A $100 trading account can be enough to learn, establish a profitable trading history that can be verified, and potentially become quite a bit more.
"The fun is in the hunt. Not the kill."
  • #82,918
  • Edited 6:04am Oct 30, 2017 1:45am | Edited 6:04am
Quoting emmanuel7788
{quote} Let's see ... a live account trading with TMS MEME. If it is only you, I can simply give your my account investor password and you can login into my live account .............TMS MEME.
Good morning Emm.

I´m intrested, too.
Would be intresting if we have the same view in our weekly outcast.

My top picks thie week are the Pound Sterling crosses.. GCAD, GA, GN. pick one ^^
EU short looks basicly great, a hard support at 11450 would be my final TP to avoid a new build phase.
But:
There´s more space upwards than downwards.. in EU..

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #82,919
  • Oct 30, 2017 4:35am Oct 30, 2017 4:35am
Quoting thomi
{quote} {image}
Hi Thomi ,
May I ask you which Moving Averages are you using on H4 ?
  • #82,920
  • Oct 30, 2017 5:31am Oct 30, 2017 5:31am
Quoting emmanuel7788
{quote} TMS MEME Live trading account, so far the following members replied: https://www.forexfactory.com/tomgu https://www.forexfactory.com/reverseflash https://www.forexfactory.com/jaizy https://www.forexfactory.com/marto24 https://www.forexfactory.com/frank0 https://www.forexfactory.com/mdtrader https://www.forexfactory.com/dharmikpatel https://www.forexfactory.com/panzerfx https://www.forexfactory.com/deichkind https://www.forexfactory.com/simontw...
Hi Emmanuel count me in as well please.
Thanks
Craig
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