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Trading Made Simple

  • #95,441
  • May 2, 2019 12:40am May 2, 2019 12:40am
DE30 May 02 market open with price gap down and false TDI signal,

will market fill that huge gap? we shall see later.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,442
  • May 2, 2019 7:57am May 2, 2019 7:57am
Quoting emmanuel7788
AUDJPY May 02 H4 example, seeing the H-L, LH-LL price action, the higher probability is to look for sell trade setups later. we need to see a bearish reversal candle with both Stoch and TDI signals. the previous week's swing low is support and if that can be broken, we shall see. {image}
AUDJPY May 02 NY session

You will know in 3 minutes

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,443
  • May 2, 2019 8:02am May 2, 2019 8:02am
Quoting emmanuel7788
{quote} AUDJPY May 02 NY session You will know in 3 minutes {image}
AUDJPY May 02 NYO +1

Not the best, I would prefer a much steeper angle of the RSI price line but good enough to take some risk.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY May 02 sell setup 02-05-2019 20-59-57.png Size: 30 KB


pick the best among the 4 JPY pairs.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,444
  • May 2, 2019 9:14am May 2, 2019 9:14am
Do you happen to know the best way to avoid a big drawdown or pulllback in price after currently in profit? I remember reading even Big E mention big pullbacks on daily chart. How can we avoid this fro eating our profits ...

Quoting emmanuel7788
AUDJPY May 02 H4 example, seeing the H-L, LH-LL price action, the higher probability is to look for sell trade setups later. we need to see a bearish reversal candle with both Stoch and TDI signals. the previous week's swing low is support and if that can be broken, we shall see. {image}
  • #95,445
  • May 2, 2019 9:39am May 2, 2019 9:39am
Quoting Shadowluxury
{quote} You post all around just to inform this?
This guy has been kicked from here before his a real charlatan
  • #95,446
  • May 2, 2019 12:45pm May 2, 2019 12:45pm
Quoting emmanuel7788
{quote} AUDJPY May 02 NY session You will know in 3 minutes {image}
Hi Emmanuel,
When focusing on money strategy - position building, I find it hard to control and maintain average price line: trying to close position at BE. I meaning timing. It require effort to calculate and time to stare at charts. So do you have any advice on EA or indicator for helping. I don't want to be lazy but i think some technical solutions can help us to save time and energy for psychology exercises.
Thank you,
Son Nguyen
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  • #95,447
  • May 2, 2019 4:07pm May 2, 2019 4:07pm
Quoting hikaru259
{quote} Hi Emmanuel, When focusing on money strategy - position building, I find it hard to control and maintain average price line: trying to close position at BE. I meaning timing. It require effort to calculate and time to stare at charts. So do you have any advice on EA or indicator for helping. I don't want to be lazy but i think some technical solutions can help us to save time and energy for psychology exercises. Thank you, Son Nguyen {image}

Hi,

You ask for an Average Entry Price indicator..

old version posted, see Post#71,711
https://www.forexfactory.com/showthr...02#post9176102
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,448
  • May 2, 2019 4:24pm May 2, 2019 4:24pm
Quoting akizama
Do you happen to know the best way to avoid a big drawdown or pulllback in price after currently in profit? I remember reading even Big E mention big pullbacks on daily chart. How can we avoid this fro eating our profits ... {quote}

The OP Big E did not like to trade the Daily chart timeframe because of the pullback after his entry, he did not like to give back too many pips reason is he risk 15% to 30% of his $10K account in one single entry trade. He was more aggressive picking reversals and place his entry using APB/HA candles #1 and #2. But if he had used his own conservative setup candle with the 5EMA, it would be a different matter.
I don't trade Daily entry with one single entry. I make multiple entries with smaller positions lot size and make use of the pullback in the Daily candles to build up my positions with a better overall entry price.

Drawdown with open trades/positions is a different subject matter.
That depends on your Exit Strategy. When trading with Multiple Entries, I manage the positions using the average entry price. I trail the open positions with Trailing Stops and lock a minimum amount of money/pips to avoid giving too much back to the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,449
  • May 2, 2019 4:27pm May 2, 2019 4:27pm
Quoting emmanuel7788
{quote} AUDJPY May 02 NYO +1 Not the best, I would prefer a much steeper angle of the RSI price line but good enough to take some risk. {image} pick the best among the 4 JPY pairs. {image}

How many pips did you make from this?

More important is, what lessons did you learn from following the AUDJPY posts yesterday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,450
  • May 2, 2019 4:43pm May 2, 2019 4:43pm
Quoting Shadowluxury
{quote} You post all around just to inform this?

LOL. He spam several threads with his telegram group stunt .... and got his membership revoked.

Good job Twee!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,451
  • May 2, 2019 5:14pm May 2, 2019 5:14pm
some entertainment when I trade:

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,452
  • May 2, 2019 5:24pm May 2, 2019 5:24pm
Quoting tbu84
Hello Everybody, Firstly let me thank you for so big effort everybody is putting into this thread. I am happy for it and try to implement it to my using. I am reading and studying BigE´s proposals to TMS. I am very open and try to figure it out. Nevertheless, I have some issues with understanding of trade time porposals. As he wrote, that he was trading first three hours of USA session... In that time he was going to sleep. Maybe I misunderstood something. Could you please advice? See enclosed picture. {quote} Best regards, Tomas {image}

Hallo Tomas,

By now you must have figure out the PDT/PST 10PM,2AM and 6AM H4 candles.

Today is Friday and Big E did not trade H4 on Fridays. He also did not trade H4 when New York Opens on Sundays, he was afraid of the levitation 'floating' man with the price and the TDI. he also did not trade 4 other H4 candle period. That makes 6 in total.

Today is NFP trading during the NY session. Many traders would be speculating what is with USD and some others merely gambling with their money.

Synchronize your local time with the NY session when you are trading.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,453
  • May 2, 2019 7:02pm May 2, 2019 7:02pm
Quoting emmanuel7788
{quote} Hi FF92, That's the Pipware last version v.70 in this old Post#76,270 the templates are in that post. notes: 1) you need to input the correct name the TDI version you want to use to display that in the sub-window#. in this chart below, I have my TDI Red Green(post_25) in the second sub-window. 2) if you want to see the APB/HA candles in another sub-window, you can add another instance of that same indicator and activate the HA candles but make sure you have the...

Great thankyou!
  • #95,454
  • May 2, 2019 10:34pm May 2, 2019 10:34pm
Quoting emmanuel7788
{quote} How many pips did you make from this? More important is, what lessons did you learn from following the AUDJPY posts yesterday.
Nice response Emmanuel.
---
Which question will make you a better trader?
- Is it a demo or live account?
- How much pips did you make?
- What did you see on the chart to make you place an order at that time?
- How do you manage an exit on a losing order?
----
The method in use must prove itself. Not the trader the method.
(The Turtle Trader's are proof of that)
  • #95,455
  • May 2, 2019 11:01pm May 2, 2019 11:01pm
hiya, everyone,


I'm new here. How is trading with this strategy going on?
1) what time frame?
2) how many signals daily?
3) how many pips weekly on average?

<3
  • #95,456
  • May 3, 2019 7:10pm May 3, 2019 7:10pm
Quoting BlondePeach
hiya, everyone, I'm new here. How is trading with this strategy going on? 1) what time frame? 2) how many signals daily? 3) how many pips weekly on average?

not everyone will reply you.

let wait and see who else will.

How is trading with this strategy going on?

The 5-Method is working good in market type conditions the way it was developed for. It is a simple and elegant trend trading method. It is profitable for me but requires strict discipline , hard work and focus to maintain consistency.

1) what time frame?

the 5-Method works in all timeframes. I used to trade M15 and H1, but since 2018, I plan my trades using the H4, D1 and W1 and I still look at low timeframe like the M5 for entries, but only once every 4-hours whenever I have available time to. This suits my current lifestyle.

2) how many signals daily?

the number of signals produced by the Stochastics and the TDI or RSI Price Line are too many to count in all 28 pairs and in respective timeframes. Not all the signals can be traded and profitable. Statistically, the higher the timeframe, the less number of signals.

3) how many pips weekly on average?

I don't count my win / loss in pips. Reason is because I trade using risk and position sizing, and I trade with a basket of trades. This would mean I can have a few losing trades in one basket but still will be profitable with that basket and with an average win rate of just 50%. Also I count the number of Rs when I win and lose. I measure my trading system looking at the Expectancy over a long period of trading usually in a cycle of 36 months. I am now in my cycle 2018-2020.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,457
  • May 3, 2019 7:20pm May 3, 2019 7:20pm
Quoting emmanuel7788
{quote} hey Van, Monthly Book to read - APRIL 2019 its me again. MEME is not a surefire way to blow an account. You need to do it right. Professional traders use it. Read this book by Kathy Lien. She explained these in her book - Day Trading and Swing Trading the Currency Market. 1) Single Entry/Single Exit SE/SE 2) Single Entry/Multiple Exits SE/ME 3) Multiple Entries/Single Exit ME/SE 4) Multiple Entries/Multiple Exits ME/ME {image} Enjoy! Note: Next Month will be another book to read. We shall come to Dr Van Tharp's books in a few months time....

Monthly Book to read MAY 2019:

Beat the Forex Dealer by Silvani Agustin

lot of generic trading stuff so you can skip them for those who are experienced traders.

read those chapters /section on how to build a position.

Attached Image


If you chose to take a short cut, then use this forum's search with keyword as shown below. read those 88 posts.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,458
  • May 3, 2019 7:29pm May 3, 2019 7:29pm
Quoting Tekkies
{quote} Nice response Emmanuel. --- Which question will make you a better trader? - Is it a demo or live account? - How much pips did you make? - What did you see on the chart to make you place an order at that time? - How do you manage an exit on a losing order? ---- The method in use must prove itself. Not the trader the method. (The Turtle Trader's are proof of that)
@Tekkies,

to think like you, I put on your thinking hat.

you wrote:
The method in use must prove itself. Not the trader the method . (The Turtle Trader's are proof of that)

but those turtle traders trained by Richard Dennis and William Eckhardt did not trade forex and definitely not TMS 5-Method. Their experiment bet was that anyone can be trained to trade. They traded following trends breakout. Those turtles traders eventually lost money. So why did they lose money following their method? Go do more google and read all about that.

https://www.investopedia.com/article...le-trading.asp

more/... will follow...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,459
  • May 3, 2019 7:37pm May 3, 2019 7:37pm
Quoting emmanuel7788
{quote} the market was very brutal yesterday with that LO candle.... we were set up by the market....when we were looking for setups to trade. did anyone got caught in there? Edit: recall my post above:https://www.forexfactory.com/showthr...5#post12243055 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 18 Week17 close W1 28-04-2019 21-28-28.png Size: 40 KB




DE30 Week 18 trades closed May 03.

The saying goes: Plan your trade, trade you plan. This week was relatively simple and easy except for the May 01 holiday and market was closed.

Nevertheless, I traded following my plan to buy.
I did 7 trades in total and all profitable. One trade was rollover from Apr 30, same week.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 18 trades closed W1 04-05-2019 07-32-50.png Size: 50 KB


Tomorrow, I will share with you my trade plan for next Week 19 May 06 to 10. Please wait.
You too can also share your trade plan with us here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,460
  • May 3, 2019 7:41pm May 3, 2019 7:41pm
hiya @emmanuel7788


Thanks for the reply.
1) I see here in ForexFaxory, very rare folk will reply, is this forum's atmosphere is cold for everyone, or nobody wants to talk to me?
2) Could you tell me where and in which post I can see the final modified and tweaked version of this strategy? As the first post mentioned, this strategy tweaked by some users and get better. So I wonder if there any final version to look and understand it?
3)'Honesty is a very expensive gift. You won't find it in cheap people....' I personally always looking to select friend whom genuine, honest, kind and loyal to me

4) I'm looking for all top strategies that are mentioned in this forum. All of them that is working with high accuracy. Do you know how can I find them?

Tnx
<3
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