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Trading Made Simple

  • #82,941
  • Oct 30, 2017 1:42pm Oct 30, 2017 1:42pm
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...
Please could you add me too. Thank you.
  • #82,942
  • Oct 30, 2017 1:51pm Oct 30, 2017 1:51pm
Any body having these indicators pls post here...I want these indicators... Plzz..

I want BoW indicators
  • #82,943
  • Oct 30, 2017 4:12pm Oct 30, 2017 4:12pm
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...
Stop loss is 2xADR, but 5 MEME positions make 2.5ADR, so it would not be possible to add maximum positions, using this type of SL.
  • #82,944
  • Oct 30, 2017 4:47pm Oct 30, 2017 4:47pm
Quoting catalin_eros
{quote} Stop loss is 2xADR, but 5 MEME positions make 2.5ADR, so it would not be possible to add maximum positions, using this type of SL.
Check how the red lines are vertically aligned always with the last position from the basket, means the SL is changed on new position open, with a max 5 orders allowed the SL will stop changing only on P5 open. how to calculate the total possible loss of this basket?
  • #82,945
  • Oct 30, 2017 4:49pm Oct 30, 2017 4:49pm
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...

I would also like to be included please
  • #82,946
  • Oct 30, 2017 4:58pm Oct 30, 2017 4:58pm
Quoting catalin_eros
{quote} Stop loss is 2xADR, but 5 MEME positions make 2.5ADR, so it would not be possible to add maximum positions, using this type of SL.
you are missing some very important pieces of details.
those are key elements used in Position Sizing of every single trade/position.

Quoting mokuro89
{quote} Check how the red lines are vertically aligned always with the last position from the basket, means the SL is changed on new position open, with a max 5 orders allowed the SL will stop changing only on P5 open. how to calculate the total possible loss of this basket?


like I said often, pay attention to every small detail on those charts I posted and also read and listen to what I write in my posts.

sometimes my posts are cryptic but there are "hidden gems" like in every big price bar/candle there are also 'hidden gaps'.

when you know how to read the market price action well, you will know what those hidden gaps can be helpful in your trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,947
  • Oct 30, 2017 5:17pm Oct 30, 2017 5:17pm
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...

Please add me. Im intrested
  • #82,948
  • Oct 30, 2017 5:25pm Oct 30, 2017 5:25pm
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...
Please add me also Emmanuel.
  • #82,949
  • Oct 30, 2017 6:09pm Oct 30, 2017 6:09pm
Quoting emmanuel7788
EURUSD Week 44 Oct 30 to Nov 3: Sell EU on Day open with ME/ME ME Order distance 0.5ADR Use your own Money Management and %Risk.
EURUSD TMS MEME trade update Oct 31

Two positions open since yesterday.
1st Position opened when Sydney day open,
2nd position open when price retraced during the NY session.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 44 MEME trade update Oct 31 0700.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,950
  • Oct 30, 2017 6:09pm Oct 30, 2017 6:09pm
Quoting emmanuel7788
{quote} you are missing some very important pieces of details. those are key elements used in Position Sizing of every single trade/position. {quote} like I said often, pay attention to every small detail on those charts I posted and also read and listen to what I write in my posts. sometimes my posts are cryptic but there are "hidden gems" like in every big price bar/candle there are also 'hidden gaps'. when you know how to read the market price action well, you will know what those hidden gaps can be helpful...
Hi Emmanuel, could I know the approximate value of your ADR100 in that backtest please? It is the only variable I need to understand how you did this backtest because my ADR shows me about 80 pips but also in the basket with a single MEME position the stoploss is at a distance of about 200 pips but 80x2 = 160 pips.
Maybe you used a 2.5xADR100? If so, I think I understand how you did this backtest, and I think I've made a few small steps in understanding your method.
I hope in your answer.

Thank you.
  • #82,951
  • Oct 30, 2017 6:28pm Oct 30, 2017 6:28pm
Quoting Giannis95
{quote} Hi Emmanuel, could I know the approximate value of your ADR100 in that backtest please? It is the only variable I need to understand how you did this backtest because my ADR shows me about 80 pips but also in the basket with a single MEME position the stoploss is at a distance of about 200 pips but 80x2 = 160 pips. Maybe you used a 2.5xADR100? If so, I think I understand how you did this backtest, and I think I've made a few small steps in understanding your method. I hope in your answer. Thank you.
In the system development design specifications, we used ADR(100) days as general default parameter.
EU ATR(100) was 84pips,
0.5ADR would = 42 pips.
I simply round that up to 50pips.

Same for SL, round that to 200 pips.

But in live trading for example in this week, I use the previous 2 weeks High and place SL above that High.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,952
  • Oct 30, 2017 6:58pm Oct 30, 2017 6:58pm
Quoting emmanuel7788
{quote} In the system development design specifications, we used ADR(100) days as general default parameter. EU ATR(100) was 84pips, 0.5ADR would = 42 pips. I simply round that up to 50pips. Same for SL, round that to 200 pips. But in live trading for example in this week, I use the previous 2 weeks High and place SL above that High.
Thank you! I will continue to follow you, study, search, and experiment !!!
  • #82,953
  • Oct 30, 2017 7:59pm Oct 30, 2017 7:59pm
Quoting emmanuel7788
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 capital and invest your...
USDJPY Oct 41

market could not close above 114.00

Today being the last trading day of the month, we see UJ at the BRN 113.00. Expect some reaction at big round numbers.
Are there any CONFLUENCE of other support / resistance at this price level?

Those who sold weeks ago at 125.00 ~ 125.75 now gradually see their floating DD reducing. If those seller have not close the oldest positions and average down with new ones as price rose higher in the past week, they would be seeing some profits when price move lower. We don't know if price will move lower below 113.00.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 44 Oct 31 BRN130.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,954
  • Oct 30, 2017 11:14pm Oct 30, 2017 11:14pm
Trading set up depends on your personality. There are a lot of strategies. Different traders use different strategies. The fact is that we should stick to a single strategy rather than move from one to another strategy. We must have confidence in our strategy for long-term success in forex trading
  • #82,955
  • Oct 31, 2017 12:42am Oct 31, 2017 12:42am
Quoting emmanuel7788
{quote} In the system development design specifications, we used ADR(100) days as general default parameter. EU ATR(100) was 84pips, 0.5ADR would = 42 pips. I simply round that up to 50pips. Same for SL, round that to 200 pips. But in live trading for example in this week, I use the previous 2 weeks High and place SL above that High.
What do you look for to decide between using ADR for the stoploss vs the Highs/Lows of the last swing? I can see how this can be confusing to people as you have 2 types of stoplosses you could use
  • #82,956
  • Oct 31, 2017 1:00am Oct 31, 2017 1:00am
Quoting chrrmfbvk
{quote} What do you look for to decide between using ADR for the stoploss vs the Highs/Lows of the last swing? I can see how this can be confusing to people as you have 2 types of stoplosses you could use

both share the same market volatility - the trader's experience will decide which one to use for the setup condition.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,957
  • Oct 31, 2017 2:18am Oct 31, 2017 2:18am
Hi,

how do you handle different daylight times, because H4 is highly altered compared to H1 or D1 (see attached images fxpor vs ic markets). I assume to trade US daylight times (like ic markets screenshot) is the preferred way?

cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd-h4-international-capital-markets-2.png Size: 47 KB
Click to Enlarge Name: eurusd-m-h4-fxpro-financial-services.png Size: 48 KB
  • #82,958
  • Oct 31, 2017 2:30am Oct 31, 2017 2:30am
USDJPY Oct 31 intraday battle is at 113.00 same old battle ground in history.

We shall see who will win this one - Bulls or Bears.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Oct 31 H1.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,959
  • Oct 31, 2017 2:32am Oct 31, 2017 2:32am
Quoting PipitoGrillo
Hi, how do you handle different daylight times, because H4 is highly altered compared to H1 or D1 (see attached images fxpor vs ic markets). I assume to trade US daylight times (like ic markets screenshot) is the preferred way? cheers {image} {image}

when your broker make their DST in their servers, many traders will lose more money and they still will not know why.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,960
  • Oct 31, 2017 4:54am Oct 31, 2017 4:54am
Quoting thomi
{quote} hello bodal mm simple10 mm simpe50 mm exponential 200
Hi Thomi ,
Thank you for your quick answer. As far as MA are concerned , I use quite the same on H4 (10/60/200) and all exponential.
Au fait , tu es français ?
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