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Trading Made Simple

  • #86,861
  • Apr 26, 2018 7:09am Apr 26, 2018 7:09am
Quoting emmanuel7788
Well, in case some of you have not read this book by Rob Bookers book title Adventures of a Currency Trader here is the link back to ... https://www.forexfactory.com/showthr...70#post7998770 {image} anyone who has been trading TMS for 7 years would have learned a lot and know the hard truth about trading in general and trading this spot forex market.
Yes, and that would be to stay away from it until they knew what they were doing.

Why read a book? Why not just show us your entries and exits? At least Tekkies has the b*lls.
'in less than half an hour he made over 100 ticks'
  • #86,862
  • Apr 26, 2018 7:21am Apr 26, 2018 7:21am
Quoting Tekkies
{quote} You should reread this post:Post 86,662 So that price action entry does not mean much. One candle late? Entry rule is: Enter when you see green on the other side of red. By the way emmanuel how do you manage to be always in profit? {image}

@Tekkies,

Like I said. You did not read on regular basis and miss some things.

That chart show new trades taken this week. Last weeks trades were posted last week and trades were closed on Friday when London session closing.

How do I manage to be always in profit?

First,
it is not ALWAYS.
65% of the time, I get winners which means I have 35 % losers. My Expectancy is average 2.8.

Second,

I can achieve this only when I trade with Multiple Entries / Multiple Exits and trading baskets of trades and trading a pool of several currency pairs usually 5 pairs from each of the the 5 groups consisting of 29 currency pairs.

I can have some losing trades in one basket but very few losing baskets.
I can have losing baskets in one month but fewer losing months. I have 2 to 3 losing losing months in one year but I am overall profitable at the end of the year.


Forget about trading TMS with Single Entry / Single Exit. This is just too difficult for many TMS traders to make good money. Only Big E did it and this his method and his 'system' .


Your GBPUSD trade H1 is wrong timeframe to trade. Did Big E trade H1 during the European session? NO.

He made it very clear that he trade H1 during the 3 hours of the NY session. The rest of the day, he trade only H4 .

If you want to trade GBPUSD during the London Session, the best timeframe is on M15 like what we all used to do when LE1 was trading in 2012.

Below is what I would have done trading M15 like in the past.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Wek 17 Apr 26 LO POP Gun.png Size: 61 KB

Small SL 15 to 20 pips, TP is 2R minimum.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 17 Spr 26 EP SL TP 26-04-2018 17-57-54.png Size: 42 KB


You want to trade H1 and M15, you must trade like a sniper like X-Man and LE1. They are the best of TMS traders during the year 2011 to 2013. I had a lot of fun trading along side with them. The skype groups were fantastic during those years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,863
  • Apr 26, 2018 7:23am Apr 26, 2018 7:23am
Quoting onejester
{quote} Yes, and that would be to stay away from it until they knew what they were doing. Why read a book? Why not just show us your entries and exits? At least Tekkies has the b*lls.

I did last week and also on Monday this week.

Do you read?

This is not a signal service thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,864
  • Apr 26, 2018 7:31am Apr 26, 2018 7:31am
THV CaveManager

If you want to trade H1 and M15, you only focus in looking for price action set-ups.
Use THV CaveManager to manage your trades and just 'set and forget'.

go and download at link below:

https://www.forexfactory.com/showthr...1#post10663311
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,865
  • Apr 26, 2018 7:36am Apr 26, 2018 7:36am
Quoting emmanuel7788
Today Trading Made Simple is 7 years old {image} CONGRATULATIONS Folks.
Wow, time flies...unbelievable, it's only 7 years ago! I feel like it's something like 17 years ago... its journey was rough and not easy I believe.... Happy Anniversary anyway!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #86,866
  • Apr 26, 2018 7:45am Apr 26, 2018 7:45am
Here is another M15 example with GBPUSD,

a quickie 17 pips if you have sniper eyes to see the price action.
its momentum then pullback and boom...200EMA/10EMA stuff

its price action before the TDI Green can cross the Red.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 17 Apr 26 NYO.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,867
  • Apr 26, 2018 7:48am Apr 26, 2018 7:48am
Now who wants to see TMS 5Minute MOMO trades?


I am done for today....time to hit the sack.

Goodnight Folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,868
  • Edited 8:26am Apr 26, 2018 7:53am | Edited 8:26am
Quoting emmanuel7788
{quote} @Tekkies, Like I said. You did not read on regular basis and miss some things. That chart show new trades taken this week. Last weeks trades were posted last week and trades were closed on Friday when London session closing. How do I manage to be always in profit? First, it is not ALWAYS. 65% of the time, I get winners which means I have 35 % losers. My Expectancy is average 2.8. Second, I can achieve this only when I trade with Multiple Entries / Multiple Exits and trading baskets of trades and trading a pool of several currency pairs usually...
Love your post emmanuel.
1. Closed two 2 positions at 1.3935 with +166 profit and you still in profit? Amazing.
2. BigE did not traded the M15 either.
Now where in post#647 is there a rule that say trade only H1, H4 or D1
3. Single Entry / Single Exit
Account may grow slowly so what, the tortoise won the race against the hare.

edit 1: Price Action?
Something like this: Trade the pullback
Attached Image

Edit 2: Why put yourself under stress. You should know emmanuel that members follow your advice and post's diligently. Wonder how many did try M15 since that post and got burned.
Attached Image
  • #86,869
  • Apr 26, 2018 7:54am Apr 26, 2018 7:54am
Quoting emmanuel7788
{quote} I did last week and also on Monday this week. Do you read? This is not a signal service thread.
Yes. But you post that much garbage, anything useful is difficult to spot. I don't need signals just when and why. Show them after the fact if you like, just show something relevant (if you can) rather than your book choices and repeats.
'in less than half an hour he made over 100 ticks'
  • #86,870
  • Apr 26, 2018 9:26am Apr 26, 2018 9:26am
You can trade the TDI cross any time frame any hour
No Cross, No Trade
When you see a cross, apply post#647 before placing an order.
You need to understand what BigE has posted or else you will lose your deposit.
You don't need the crape that is posted in this thread by other members that contradict post#1
Only now after 2 years, 24/7 a week, study try, fail, try again, 3 margin call's I start to become profitable.
Attached Image
  • #86,871
  • Apr 26, 2018 10:43am Apr 26, 2018 10:43am
Quoting Tekkies
You can trade the TDI cross any time frame any hour No Cross, No Trade When you see a cross, apply post#647 before placing an order. You need to understand what BigE has posted or else you will lose your deposit. You don't need the crape that is posted in this thread by other members that contradict post#1 Only now after 2 years, 24/7 a week, study try, fail, try again, 3 margin call's I start to become profitable. {image}
Just curious, reason for not entering on previous crosses?
  • #86,872
  • Apr 26, 2018 11:23am Apr 26, 2018 11:23am
Quoting Ss45
{quote} Just curious, reason for not entering on previous crosses?
Previous cross will be a up cross (buy)?

What is the long term trend direction on H1 or H4 or D1?
#647: Am I in an uptrend or downtrend.. short & long term
#686
Trend... long term and short term...
I take a chart and make the candles as small as they will go to find the direction of the long term trend...
Then I enlarge them to my normal trading size for the current short term trend...
If they are the same I feel I have better odds on my side...
if they are opposite I may trade less lots per trade...
I will pay more attention to the last swing (candle size & length)...
  • #86,873
  • Apr 26, 2018 1:10pm Apr 26, 2018 1:10pm
Quoting Tekkies
{quote} Previous cross will be a up cross (buy)? What is the long term trend direction on H1 or H4 or D1? #647: Am I in an uptrend or downtrend.. short & long term #686 Trend... long term and short term... I take a chart and make the candles as small as they will go to find the direction of the long term trend... Then I enlarge them to my normal trading size for the current short term trend... If they are the same I feel I have better odds on my side... if they are opposite I may trade less lots per trade... I will pay more attention to the last...
Please Sir Tekkies.

Is my thinking correct (and to clarify for SS45)?

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies19.52.53.png Size: 124 KB


Edit 'Yellow' Arrow obviously in uptrend as channel shows, so no short on cross.
'in less than half an hour he made over 100 ticks'
  • #86,874
  • Edited 4:49pm Apr 26, 2018 3:01pm | Edited 4:49pm
Quoting onejester
{quote} Please Sir Tekkies. Is my thinking correct (and to clarify for SS45)? {image} Edit 'Yellow' Arrow obviously in uptrend as channel shows, so no short on cross.
Master OneJester.
Have answered SS45.
-----
1. Stoch setting wrong - 8.3.3 not 8.3.80
2 TDI setting unsure. Does "Last" have the value of 0?
----
Analysing a chart that has been zoomed out. I can't do that. BigE maybe. The way emmanuel read chart's for sure , so you should ask him
--------
Sorry Jester I am only going to waste your and my time
  • #86,875
  • Apr 26, 2018 3:22pm Apr 26, 2018 3:22pm
Quoting onejester
{quote} Yes. But you post that much garbage, anything useful is difficult to spot. I don't need signals just when and why. Show them after the fact if you like, just show something relevant (if you can) rather than your book choices and repeats.
Hi Onejester

Since you like the work from Divergence and Cable Guy, you are following the wrong thread here.
I suggest you spend time on Strats stress free thread where you can learn the basic of price action movement and understand how Divergence uses trend in pullbacks.
This thread is sending you in the wrong direction.
Trading thin liquidity at the boundary of the charts
  • #86,876
  • Apr 26, 2018 6:25pm Apr 26, 2018 6:25pm
Quoting emmanuel7788
{quote} {quote} EURAUD Week 17 Apr 26 Update: D1 APB/HA did not close with change in colour. I stay in the trade. That D1 pull back bar did not change the APB/HA colour. The price bar pull back must close much lower and has to be below the previous APB/HA open to change the candle colour of the APB/HA. Today trade management is to protect the downside, trailing stop loss is below previous 2 days low, i.e. below Tuesday D1 low or lower than this Week' Open... 1.600 BRN . Rather tight. {image} I know some D1 chart Pin Bar traders will short that Pin...

EURAUD Week 17 D1 Apr 27

Follow D1 chart trading Exit Rule. ...you will be close all buy trades when NY closed earlier.

If you still do not know the exit rules for D1 chart trading, then you have no been reading this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,877
  • Apr 26, 2018 6:32pm Apr 26, 2018 6:32pm
Quoting heispark
{quote} Wow, time flies...unbelievable, it's only 7 years ago! I feel like it's something like 17 years ago... its journey was rough and not easy I believe.... Happy Anniversary anyway!

when you enjoy what you do everyday and can help just one person to become a better trader, that's is a journey I consider worth travel.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,878
  • Edited Apr 27, 2018 1:07am Apr 26, 2018 10:37pm | Edited Apr 27, 2018 1:07am
Quoting emmanuel7788
{quote} EURAUD Week 17 D1 Apr 27 Follow D1 chart trading Exit Rule. ...you will be close all buy trades when NY closed earlier. If you still do not know the exit rules for D1 chart trading, then you have no been reading this thread.
Hi, emma,
may i ask that you will close all positions of EURAUD at once or close the basket step by step to get a smaller loss if you trade with MEME and the HA color changed like this?
thank you.
  • #86,879
  • Apr 27, 2018 1:06am Apr 27, 2018 1:06am
Quoting emmanuel7788
Today Trading Made Simple is 7 years old {image} CONGRATULATIONS Folks.
Congratulations

and Alas Eel Franz is no more with us.
  • #86,880
  • Apr 27, 2018 2:09am Apr 27, 2018 2:09am
Quoting emmanuel7788
{quote} @Tekkies, 6 years is not a measure for anything here. I trade the 5-Method and active in 3 threads with LE1 and X-Man. We don't need another system in ForexFactory. No, there was no lie by me. I already announced that, my new thread is not in ForexFactory. That thread is for members who are actively learning and doing their own system development. I coach them with what I learned doing system development and provide them my materials to learn and work with. But this time, I ask if you all want a thread in Interactive Trading for TMS 5-Method....
Hi Emmanuel it would be good if you can open a thread for live trading and discussions. I ve spent quite a few months studying TMS-5 and price actions with some paper tradings. Now I turned to live and started from mini positions. Do feel needing more skills in terms of entry/exits controls and MM as well.
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