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Trading Made Simple

  • #83,161
  • Nov 6, 2017 10:05am Nov 6, 2017 10:05am
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...
Hi Emm,
Please count me in on this too.
Cheers!
Sachu
  • #83,162
  • Nov 6, 2017 11:12am Nov 6, 2017 11:12am
Quoting ItaTrader93
{quote} Definitely a better way to introduce yourself rather than the stuff you wrote yesterday . I'll try to keep it short, but since we are talking about two crucial points like MM and psychology i want to make this point as clear as i can. {quote} No, i can't (and by the way, it is not what i do). But i can see how it could EVENTUALLY be a more important factor, for some of us. For those people it would be a smart choice to determine risk size basing on the likelihood of consecutive losses. For me, as for many other traders, it would not...

I wish you the best on your 220 trade journey, and hope you achieve those 121 winning trades. As long as you accept that whatever outcome is solely and completely your own responsibility, this can only be a positive learning experience, regardless of the actual outcome.

For those who are interested in learning more about the different facets of Money Management, there are great resources in the paperclip of this thread. The file attached below is a Risk of Ruin spreadsheet that may be of interest to some. File source: http://bettersystemtrader.com/riskofruin/ (FYI, no affiliation)

Attached File(s)
File Type: xls 0_Risk_of_Ruin_Simulator.xls   60 KB | 455 downloads


Best,
N
  • #83,163
  • Nov 6, 2017 1:14pm Nov 6, 2017 1:14pm
Quoting tomgu
Follow Emma, MEME EURUSD. just wondering, now two positions both are + pips, when exit? see D1 color change?For average price, now TP is 1/2 ADR, 40 pips +
when you have two open positions in one basket, how do you manage that basket/ those 2 trades?

Answer: read this post
https://www.forexfactory.com/showthr...0#post10460640

Week 45 Nov 06 to 10:
Now we have a new situation seen on the Weekly chart.
The Market Type is now Ranging, what shall we do as TMS traders and when we are trading with MEME?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,164
  • Nov 6, 2017 1:22pm Nov 6, 2017 1:22pm
ALL PIVOTS

while I am in vacation, I do spend my time reading this website./www.mql5.com

Found this interesting indicator which have many options, for example you have the options to select which type of pivots formula to use - Standard (Classic), Camarilla, Woodie or Fibonacci.
Besides this option, it also allow you t show only the current week pivots or the pivots in history.... which is good to know that current week pivots should not be painted into history chart to look for PA.

Tell me which of these pivot formula is the holy grail that someone claiming that professional traders use.

Here is where you can download the source code.
https://www.mql5.com/en/code/15777
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,165
  • Nov 6, 2017 1:54pm Nov 6, 2017 1:54pm
Quoting emmanuel7788
ALL PIVOTS while I am in vacation, I do spend my time reading this website./www.mql5.com Found this interesting indicator which have many options, for example you have the options to select which type of pivots formula to use - Standard (Classic), Camarilla, Woodie or Fibonacci. Besides this option, it also allow you t show only the current week pivots or the pivots in history.... which is good to know that current week pivots should not be painted into history chart to look for PA. Tell me which of these pivot formula is the holy grail that someone...
Please count me in to your live trading
  • #83,166
  • Nov 6, 2017 3:24pm Nov 6, 2017 3:24pm
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...

count me in...
  • #83,167
  • Nov 6, 2017 3:42pm Nov 6, 2017 3:42pm
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 count me in...
  • #83,168
  • Nov 6, 2017 4:31pm Nov 6, 2017 4:31pm
Quoting emmanuel7788
{quote} Updated list so far: 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 https://www.forexfactory.com/mazibee...

hi emanual, i am interested in joining. would it be possible to consider me in the group? thanks
  • #83,169
  • Nov 6, 2017 9:03pm Nov 6, 2017 9:03pm
Quoting emmanuel7788
{quote} when you have two open positions in one basket, how do you manage that basket/ those 2 trades? Answer: read this post https://www.forexfactory.com/showthr...0#post10460640 Week 45 Nov 06 to 10: Now we have a new situation seen on the Weekly chart. The Market Type is now Ranging, what shall we do as TMS traders and when we are trading with MEME?
I have BE them, let them run. Wish give me a surprise to get more profit. Thanks, Emma.
  • #83,170
  • Nov 6, 2017 9:46pm Nov 6, 2017 9:46pm
Hi Emmanuel add me too.. thank you..
  • #83,171
  • Nov 6, 2017 10:49pm Nov 6, 2017 10:49pm
Hi. I'm going to sell EURNZD. So this week I'm trading GBPUSD; AUDJPY; EURCAD; EURNZD; NZDCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH4.png Size: 97 KB
  • #83,172
  • Nov 6, 2017 11:00pm Nov 6, 2017 11:00pm
Quoting emmanuel7788
{quote} The Market Type is now Ranging, what shall we do as TMS traders and when we are trading with MEME?
As TMS traders, I think we must looking for support and resistance zones and trading the TDI signals according to with those zones.

With MEME, I think we have basically 3 options:

1- No trade. Wait for a breakout
2- Look for another pair, with a clear trend.
3- Entry the first position like before ( as TMS traders), but a clear swing high /low, could be used as a stop point ( for ex. previous weekly swing high/low)
  • #83,173
  • Nov 7, 2017 3:44am Nov 7, 2017 3:44am
Hi Emmanuel,
Please count me in...
  • #83,174
  • Nov 7, 2017 10:09am Nov 7, 2017 10:09am
My 1st trade.(ME/ME)
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD.jpg Size: 330 KB
  • #83,175
  • Edited 11:13am Nov 7, 2017 10:41am | Edited 11:13am
Quoting FXmongoose
My 1st trade.(ME/ME) {image}
Nice start..
What´s your target?
Risiko birgt immer auch die Chance.
  • #83,176
  • Nov 7, 2017 10:57am Nov 7, 2017 10:57am
Quoting emmanuel7788
Updated list so far...
Hi Emmanuel,

Please add me to the list

Thanks
Attila
  • #83,177
  • Nov 7, 2017 12:10pm Nov 7, 2017 12:10pm
Quoting Sesamstrasse
{quote} Nice start.. What´s your target?

Hello TMS Folks,

I have a few minutes to spare before dinner time here.

Where EURUSD target for D1 traders?

Technically, I see 2 possible levels - 1.144ish and 1.124ish for sellers. But right now I don;t see very strong selling with many days in small range trading.

But I don't know if the fundamentals will follow along in the next few days and weeks leading up to year end festive seasons. Expect liquidity to thin starting in week 51 usually from Dec 18 .
As an investor, I would see my euro assets losing some of its value so I hedge the forex market to make up the paper-loss. For business dealing in euros, some businesses will take advantage of lower eruos knowing they have future payments exhange.

But then, we have many disclaimers in case EURUSD does not move lower.
There can be bounces from moving averages which many traders who use moving averages will look for. Look at the common use moving averages, that what the herd uses. Just be mindful that any reaction around moving averages can be 50 to 100 pips in many cases. Market do not stop at the moving average. Moving average are derive from the price.
There can be bounces off the price round numbers.
There can be bounce off any of those common used pivots support and resistance.
There can be bounce off retracement levels using fibonacci tools which some traders believe in so they trade them.
There can be bounce off wave count which Elliot wave traders will look for.
There can be boucen off PRZ aka reversal zone which Harmonics traders look for.
There can be bounce off previous price action PPA which many traders wold like for.
etc. etc. etc. lots more others.
All these makes trading fun. There are many ways to skin a cat as TMS pioneer Snarlyjack said.

The best LOCATION is where there is CONFLUENCE

At the moment after taking 2 positions with profits I am holding sell positions trading with MEME with little fear that it can bounce upwards. Trading with MEME, losses are manageable and chances of breakeven are good in worst case scenario. I trade with multiple positions and look at the average entry price like how I invest in the stock markets. Investors look to buy at better prices all the time. I trade forex the similar way. Buy and Sell at better prices. Do not over leverage and do not leave too many positions in floating drawdown for weeks and months. Make our hard earned money work harder for us.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 45 targets.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,178
  • Nov 7, 2017 12:16pm Nov 7, 2017 12:16pm
Quoting Jordi
{quote} As TMS traders, I think we must looking for support and resistance zones and trading the TDI signals according to with those zones. With MEME, I think we have basically 3 options: 1- No trade. Wait for a breakout 2- Look for another pair, with a clear trend. 3- Entry the first position like before ( as TMS traders), but a clear swing high /low, could be used as a stop point ( for ex. previous weekly swing high/low)

the secret is CONFLUENCE of various support and resistance.

keep it simple, look at the the market herd are using - moving averages, pivots, fibonacci retracement and extensions, elliot wave count, harmomics pattern, round numbers, etc.

by the time you spend time looking at PA using so many of these technical analysis tools, you will be frozen ... your finger will not be able to pull the trigger.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,179
  • Nov 7, 2017 12:35pm Nov 7, 2017 12:35pm
This thread has been hijacked.

It's useless now.
  • #83,180
  • Nov 7, 2017 12:44pm Nov 7, 2017 12:44pm
Quoting Tanveer87
{quote} Please count me in to your live trading
@Tanveer87,

why do you post and quote that post on ALL PIVOTs?

I don't trade live account money using PIVOTS. Dropped the use of PIVOTS many years ago because trading with Price Action and consistent use of support/resistance has help me make money from the market to grow wealth in my retirement.

The live trading I want to share with TMS members is actually live trading using TMS as what another member tomgu requested.
There are already an active traders group in my FXBlue white list. We share our weekly trade plan and show our trades using FXBlue. We do not use Trade Explorer because it does not support other trading platforms which some of us trade with.

Pay attention to details of what members write and ask appropriate questions. Do Not be shy to post and ask question but be relevant to the topic in discussion.

cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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