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Trading Made Simple

  • #95,721
  • May 20, 2019 7:30pm May 20, 2019 7:30pm
Quoting emmanuel7788
EURGBP Week 21 may 20 *** LIVE trading *** This is TMS MEME EvolutionIX. Here is my basket with first open position and two pending stop and limit orders. Note: I have my Stop Loss 3.0 ADR which is between the previous two weeks lows. I will trail this using the average entry price of the open basket of trades. The ADR-100 days is about between 58 and 65 pips depends on your broker, I use 0.25ADR for the distance between every order. (Trade Order Distance) The historical win rate is between 60 and 65%, average 63% for past 36 months. Will update...
Dear emmanuel,

thanks for your live trade example.

Q1: why you put your TP where you do?
I know the hard TP is 5.0 ADR(100), but it looks like you put 4.0 ADR.

Q2: Is the SL of stop order same as the first open position if the price go up?
Because you said you will trail this, so I think the SL of 2nd order maybe different from the 1st position.

best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #95,722
  • May 20, 2019 10:45pm May 20, 2019 10:45pm
Hi all
I wanna update and discuss on JPY pairs because I saw some interesting price actions.
1. USDJPY: My last MEME basket triggered 4th order, so i know something might be wrong here, It' time to try to go breakeven and review the plan.
- D: "the wave moves in 3 - 8 candles" let's see the price actions with a pinbar at MN support zone.
- H4: Price action cleared the last swing high on the previous downmove, making HL HH.
==> my bias: shortterm buy

2. AUDJPY:
- H4: Nothing changes in bearish structure. But it seem like that bearish momentum is weaken. You can wait for a clear down move breaking through the last swing low and sell from pullback. But with MEME you can jump in now.
==> still bearish

3. EURJPY:
- D: 4 indecision bars
==> I will wait. If you are ready to take risk, you can buy with MEME and try to exit at breakeven when something go wrong.

4. GBPJPY
- D: it seem like we will have double inside bar
- H4: nothing changes, still bearish
==> still sell each TDI crossover

Hope these information will help and I want to hear any comments or ideas too.
Stay green,
Son NGuyen
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  • #95,723
  • Edited May 21, 2019 12:18am May 20, 2019 11:48pm | Edited May 21, 2019 12:18am
Quoting Tekkies
Follow TDI Post 95,596 {image}
Edit: LOL. Tekkies deleted his post above mine.

-----------------------------
Why are you posting in Trading Made Simple?
You are not posting according to Post#261 rules and how to use Post#647.

Your Post 95,596 is your M15 H1 V line method and nothing to do with Big E Trading Made Simple 5-Method which is very simple and clearly explained in Post#261. You either post chart using template following Post#261 or you stop promoting your own M15H1 VLines method here.

BigE's post:
#486
I'm disappointed in a few of you and your actions. This is my thread and my method... traded the
way I've laid it out.
I don't want to see any more posts that discuss other indicators... other ways... I'm here to help
you to make money at no cost to you and I've invested thousands of hours doing just that.
Just show your support and respect that were discussing the 5 method... making trading simple

Below is the complete Post#486, do not selectively cut-and-paste what seems only to suit you and your own trading method.

I've spent the last 3 hrs reading new posts since I signed off yesterday...

I'm disappointed in a few of you and your actions. This is my thread and my method... traded the way I've laid it out.

I don't want to see any more posts that discuss other indicators... other ways... I'm here to help you to make money at no cost to you and I've invested thousands of hours doing just that.

I've already canned one trader last week and I don't look forward to doing that to any others.

Just show your support and respect that were discussing the 5 method... making trading simple.

If you want to share your other ways or indicators then PM the person that is interested. Don't post it on our thread...

We can start a Scalping Thread if you want.. I'll set it up for you... please understand...

Thanks
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,724
  • May 20, 2019 11:59pm May 20, 2019 11:59pm
Quoting Cj.cn
{quote} Dear emmanuel, thanks for your live trade example. Q1: why you put your TP where you do? I know the hard TP is 5.0 ADR(100), but it looks like you put 4.0 ADR. Q2: Is the SL of stop order same as the first open position if the price go up? Because you said you will trail this, so I think the SL of 2nd order maybe different from the 1st position. best regards

Hi Cj.cn

1) My TP is 3.0 x ADR about 190 pips. The average ADR 100 days is between 58 and 64 pips depends on your broker. Some broker have the Sunday candle, some don't. This TP is not fixed. You plan your Sl and TP based on the overall big picture and the price swings.

2) manage your trades using the average entry price of all open positions. You trailing SL is from the average entry price.

Below is my update:

yesterday was very little movement and I tool one position with profit and re-open a new basket.
Look at the yellow circle, that is the PPA previous price action and we watch how market will react when near to that PPA region. I have my MN swing levels (violet colour horizontal lines). I plan my swing trades from one level to the next level and I follow the Weekly chart the way Big E did. The HA candles are important because they show the average price Open and Close.
Build more positions into the basket when price retraces. How deep is the retracement? We don't know until we see them. Therefor we trade with small positions and use risk management and money management.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 21 D1 W1 trades update 21-05-2019 12-52-59.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,725
  • May 21, 2019 12:20am May 21, 2019 12:20am
the market is crazy.... with the ongoing trade war, Brexit and EU elections.

EURAUD and EURNZD rallies again.

EURCAD must wait.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,726
  • May 21, 2019 12:26am May 21, 2019 12:26am
Hey Folks,

in case some of you are not aware, there is a new thread Trading Made Simpler by one of the TMS older member.

here is the quick link:
https://www.forexfactory.com/showthread.php?t=917569

the good news is he also dropped the TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,727
  • May 21, 2019 12:29am May 21, 2019 12:29am
Why drop the TDI? It's the main core of this system, right? Or not?
  • #95,728
  • May 21, 2019 12:41am May 21, 2019 12:41am
Quoting Sthriga
Why drop the TDI? It's the main core of this system, right? Or not?
well, different people have different experiences with the TDI.

the core of the method is Post#647. the TDI is just one of the indicators used to provide the setup signal to confirm a setup to trade.

but most of them after a few years trading with the TDI, they can see price action and price momentum better without the TDI which is basically the RSI with different moving average applied to the RSI data which is intended to show the relative momentum of recent bars/candles.

Read the OP Post#2617, what do you understand from that post?

Did he or did he not removed the Stochastics and the TDI?

https://www.forexfactory.com/showthr...18#post4619118

If he had removed all those things he mentioned in Post#2617, what is left?

Another old Post#296:
https://www.forexfactory.com/showthr...66#post2325866

the other question some may asked is if Big E was making money everyday using the Stochastics back in 2008, why then did he introduce the TDI?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,729
  • Edited 2:16am May 21, 2019 1:44am | Edited 2:16am
Quoting Sthriga
Why drop the TDI? It's the main core of this system, right? Or not?
Post 2,617 That post is open to misinterpretation by the readers?
- Is that the way how BigE study the chart's to become the trader he was.
or
- Did he really removed all indicators from chart.

BigE's last posts:
- Post 10,736 with a chart in this thread still had TDI and Stoch on them
- Post 12,726 He wrote that he did not follow the rules.
Those two poste's show that Post#2617 was how he study the chart's.

Post#296 is from Stochastic secrets and has no bearing to Trading Made Simple. Look at the dates they are posted.

Not difficult to understand what Emmanuel is trying to do. By removing TDI and Stoch from the chart's it will remove the need to use Post#261 / 647.

Which will destroy this beautiful method completely and force members and reader's alike to follow Emmanuel with what every he is promoting.

Tekkies's M15H1 method is based on TDI and Stoch. It needs the angle of TDI and conformation of direction by Stoch. It still do use the rules in Post#261, 647.
Yes, HA and 5EMA is removed. (Have explained why in previous post's
M15H1 is proving that BigE's Trading Made Simple does work.
-----
That is way Emmanel is TROLLING and BICKERING every time Tekkies post's M15H1. For the very reason it goes against everything Emmanuel has been posting over the years.
-----
It is easy now days to post chart's day in day out or even open Trade Explorer for public viewing. Not going to do that. Don't need the attention or admiration of praises from member's. It is not my method to begin with. I only understand how to use it
(Edit: How many chart's / post's must be posted to explain the same simple rule's over and over. Post 95,596)

It is BigE's method, he deserve all that.
Attached Image
  • #95,730
  • May 21, 2019 2:16am May 21, 2019 2:16am
Quoting Tekkies
{quote} Post 2,617 That post is open to misinterpretation by the readers? - Is that the way how BigE study the chart's to become the trader he was. or - Did he really removed all indicators from chart. BigE's last posts: - Post 10,736 with a chart in this thread still had TDI and Stoch on them - Post 12,726 He wrote...

@Tekkies,

LOL. You are still a newbie to trading . You started in 2016 and many who started long time before you have moved on a good example RobinHood who started in 2009 and now he has dropped the TDI but he still uses the Stochastics.

The way you interpret Post 2,617 and Post 10,736 and Post 12,726 is naive and too simplistic just to justify your own M15H1 VLine method in this thread and trying to justify your posting in this thread. You are making accusations that I am trolloing and bickering when you are also participant in the trolling in this thread and start the bickering. Your mental ignore is not working. I counted it less than 3 days and you start responding to my posts.

Keep It Simple: If you do not post charts with Post#261 rules and its corresponding template and to share and explain your trades, then your are not Trading Made Simple 5-Method. You are hijacking this thread to lead people to you own M15H1 Vline method even if that is using Stcohastics and TDI Realtime. Your M15H1 VLine method does not work with the TDI Red Green version used by Big E.

Everyone one can read Big E' Post#296 and learn from his post and it does not matter if that post is from another thread. It is about Big E, his legacy in Forex Factory, his trading journey when he started trading forex in 2008 but he was not rookie trader becasue he has been trading the stock market for about 10 years then. It is also about his encouragement to develop a trading system that fits you.
You Tekkies missed many lessons from Big E posts in Forex Factory and from this Post#296 quote below for you again.

There are always going to be people who slam using Stochastics or any other indicator. Like you said... you have to learn how to use it like you have to learn how your favorite pair responds in the market place.

I have been burned once in a while however, most of the time it was my fault for reading the market incorrectly.

Just because you can bring an indicator up on your chart doesn't mean you know how to use it correctly.

Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When your confident... go live.

Learn to tweek your strategy to stay up with changing market conditions. If your mentally burned out, take a week off.

Take your time to learn how to trade. Newbies want to trade live right off the bat... and I thank you for all those pips you paid for... that I get to keep. Take the time to enjoy the learning experience. There is no hurry... only in your mind.

I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.

Big E
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,731
  • May 21, 2019 2:19am May 21, 2019 2:19am
Quoting emmanuel7788
{quote} @Tekkies, LOL. You are still a newbie to trading . You started in 2016 and many who started long time before you have moved on a good example RobinHood who started in 2009 and now he has dropped the TDI but he still uses the Stochastics. The way you interpret Post 2,617 and Post 10,736 and Post 12,726 is...
Is Emmanuel TROLLING or BICKERING?
  • #95,732
  • May 21, 2019 2:30am May 21, 2019 2:30am
Quoting Tekkies
{quote} Emmanel is TROLLING and BICKERING.
@Tekkies,

Your mental ignore is not working and your are also TROLLING and BICKERING.

Making lame excuses ..."Not going to do that. Don't need the attention or admiration of praises from member's. "

... 36 months that all ....

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,733
  • May 21, 2019 2:52am May 21, 2019 2:52am
Quoting emmanuel7788
{quote} @Tekkies, Your mental ignore is not working and your are also TROLLING and BICKERING. Making lame excuses ..."Not going to do that. Don't need the attention or admiration of praises from member's. " ... 36 months that all .... {image}
You´re absolutely correct.

Tekkies is misleading this thread since years.
No wonder, she tweaks the rules as she likes.

I just can´t understand how she can do this and confuses newbies like hell.

Her system has almost nothing to do with TMS.
I bet the OP would ban her almost from the beginning.

THX Emm to continue here and show your experience.

Guido
Risiko birgt immer auch die Chance.
  • #95,734
  • May 21, 2019 3:01am May 21, 2019 3:01am
DE30 May 21 LO candle closing soon...

interesting M15 and H1, .... H4 has some time to close.

you decide which timeframe your buy entry.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,735
  • May 21, 2019 3:22am May 21, 2019 3:22am
Quoting Sesamstrasse
{quote} You´re absolutely correct. Tekkies is misleading this thread since years. No wonder, she tweaks the rules as she likes. I just can´t understand how she can do this and confuses newbies like hell. Her system has almost nothing to do with TMS. I bet the OP would ban her almost from the beginning. THX Emm to continue here and show your experience. Guido
Sesamstrasse
Know you can read this post even when a member is on a ignore list.
Would you please explain your post.
  • #95,736
  • May 21, 2019 4:45am May 21, 2019 4:45am
Follow the TDI, learn the price action and watch the TDI respond to the price action...

here is DE30 H1 LO+2

wait for the current H1 to close, it already made a higher high, and if it closes with higher CLOSE,
the lagging TDI Green line will bounce...

Note the TDI repainted the previous 5 bars and more

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 21 H1 LO2 21-05-2019 17-41-15.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,737
  • May 21, 2019 5:04am May 21, 2019 5:04am
Quoting emmanuel7788
Follow the TDI, learn the price action and watch the TDI respond to the price action... here is DE30 H1 LO+2 wait for the current H1 to close, it already made a higher high, and if it closes with higher CLOSE, the lagging TDI Green line will bounce... Note the TDI repainted the previous 5 bars and more {image}
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 21 H1 LO2 21-05-2019 17-41-15.png Size: 44 KB


Follow TDI ... beautiful price action and TDI shows checkmark... much better than a bounce. Without the price action, there won't be that checkmark.

Price Action is "leading edge".

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 21 H1 LO3 checkmark 21-05-2019 18-00-52.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,738
  • May 21, 2019 5:49am May 21, 2019 5:49am
Quoting emmanuel7788
{quote} Hi Cj.cn 1) My TP is 3.0 x ADR about 190 pips. The average ADR 100 days is between 58 and 64 pips depends on your broker. Some broker have the Sunday candle, some don't. This TP is not fixed. You plan your Sl and TP based on the overall big picture and the price swings. 2) manage your trades using the average entry price of all open positions. You trailing SL is from the average entry price. Below is my update: yesterday was very little movement and I tool one position with profit and re-open a new basket. Look at the yellow circle, that...
got it.

thanks
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #95,739
  • May 21, 2019 6:33am May 21, 2019 6:33am
m15 with small profits, just wait
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  • #95,740
  • May 21, 2019 7:02am May 21, 2019 7:02am
It never stop's this basing of TDI by Emmanuel. This thread is about TDI and how to use it.
(Why does a member keep on posting in this thread that don't will find any reason to belittle the TDI indicator?)
------
Follow TDI.
Study BigE's post's. Learn to understand what TDI is showing you. All that the TDI crossover does is to focus your attention on the fact that price is going to change direction. The rest is up to you the trade. Post#647 will help you to confirm that crossover.
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