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Trading Made Simple

  • #95,861
  • May 23, 2019 9:06pm May 23, 2019 9:06pm
Quoting emmanuel7788
To all DE30 lovers, H4 is now in consolidation seen with a H4 Master Candle. DE30 May 24 M15 H1 and H4 charts, look at all that noise in M15 . look at the two versions of the TDIs - the TDI Realtime and TDI Red Green (post#25). Which TDI version do you want to use? and its the same in H1. all that ups and downs make my head dizzy. {image}

DE30 May 24 Tokyo session

In 57 minutes, H4 will close and we may have a setup with H4 reversal candle but will the Stochastics and TDI show cross signals?
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 24 M15 h1 H4 1002 24-05-2019 10-02-19.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,862
  • May 23, 2019 10:05pm May 23, 2019 10:05pm
DE30 May 24 H4 reversal candle according the Post#261 rules,

but there is fear in M15 as both the Stochastics and TDI are way high in the OB regions.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 24 M24 H4 Reversal candle -05-2019 10-59-37.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,863
  • May 23, 2019 10:10pm May 23, 2019 10:10pm
Quoting emmanuel7788
When I now look at my TMS Monitor of the 8 pairs Big E trade, it puts a smile on my face. {image}
Hi Emmanuel,
Have a nice day. Can you send me the TMS monitor indicator?
Thank you so much.
  • #95,864
  • May 24, 2019 1:11am May 24, 2019 1:11am
Quoting hikaru259
{quote} Hi Emmanuel, Have a nice day. Can you send me the TMS monitor indicator? Thank you so much.
Hi,

the TS Monitor is an Expert Advisor EA.

see this post in the thread:

https://www.forexfactory.com/showthr...1#post11347681

and this post in the TMS Monitor thread;

https://www.forexfactory.com/showthr...68#post8753868
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,865
  • May 24, 2019 1:30am May 24, 2019 1:30am
Quoting emmanuel7788
DE30 May 24 H4 reversal candle according the Post#261 rules, but there is fear in M15 as both the Stochastics and TDI are way high in the OB regions. {image}
DE30 May 24 H4 reversal candle UPDATE 38minutes to H4 Close

Read price action and learn how the oscillators will respond when price bar close.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 24 M15 H1 H4 38mins 24-05-2019 14-20-53.png Size: 97 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,866
  • May 24, 2019 2:08am May 24, 2019 2:08am
Quoting emmanuel7788
{quote} well, Big E did say "use your brain" several times in his posts. our age is just a number. in my trading brain, I have a more resistance than support and my battle is in my brain. I learn some mental strategies from this book - how to deal with resistance in my mind. I love to read because I love to learn new things every day. This makes me happy every day when I can learn and fill my brains with knowledge otherwise "an empty vessel will make more noise". {image} Have Fun,
Emmanuel, mabye you suggest this book to the angry man that popping up in this thread once in a while, in addition to the book "THE HAPPINES ADVANTAGES"
  • #95,867
  • May 24, 2019 2:13am May 24, 2019 2:13am
Quoting kirinda
{quote} Emmanuel, mabye you suggest this book to the angry man that popping up in this thread once in a while, in addition to the book "THE HAPPINES ADVANTAGES"

okie
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,868
  • May 24, 2019 2:15am May 24, 2019 2:15am
Quoting emmanuel7788
{quote} DE30 May 24 H4 reversal candle UPDATE 38minutes to H4 Close Read price action and learn how the oscillators will respond when price bar close. {image}

DE30 May 24 new H4 and New H1 LO candle... nice!

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 24 M15 H1 H4 035102 24-05-2019 15-08-19.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,869
  • May 24, 2019 3:12am May 24, 2019 3:12am
Quoting Cj.cn
{quote} Hi, emmanuel post my 1st MEME trade practice. if have any wrong, pls correct me. thanks EURAUD H4 MEME Trade 1- Analysis: Weekly Trade following the weekly trend. Weekly trend is up. the last weekly candle is Bullish and Closed above swing high. {image} H4 have a signal for long. BUOB+Closed above 5EMA. I know there is Resistance above it. But that is ok for MEME. If price go up and break out it, we will add stop order. If not, we will add limit order when price retrace. {image} 2- Plan 1st entry @1.6230 Total Risk: 2.5% Per Risk: 0.5% hard...
Exit all.

M15
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD M15 - 20190524.png Size: 56 KB
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #95,870
  • May 24, 2019 3:35am May 24, 2019 3:35am
Quoting Cj.cn
{quote} Exit all. M15 {image}
Good example how not to use TDI crossover.
- buy in a down trend / sell in a up trend?
- place order after the crossover has happened many bars back.

Would say luck favored you.
  • #95,871
  • May 24, 2019 4:07am May 24, 2019 4:07am
Quoting Cj.cn
{quote} Exit all. M15 {image}
Hi Cj

When trading with the average price and with multiple entries multiple exits MEME, we follow the Weekly and Daily Price Action and Trends.
- buy the dips in an Uptrend,
- sell the rallies in a downtrend.

Long Swing (Daily and Weekly)

Since Week 18, the TMS 5-Method setup candle was BUY only on the Weekly.
remember what Big E posted about the pullback (HA candle colour changed) in an established trend/ swing and after the pullback, the APB/HA candle is #1 again, that is the buy on the Daily.

see my charts below.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD multi-chart 24-05-2019 16-47-57.png Size: 46 KB


If you are trading the 4H Short Swing, it will be different. You can sell and buy in the same week when you see the swing high and swing low in the same week.

Be careful with the number of positions in one basket and it average entry price. The maximum is 5 positions in one basket. You need to manage your risk and do proper trade position sizing. Do Not risk too much per basket.
Big E used to risk 15% to 30% of his $10K account per single entry single exit SE/SE trade. Do not risk 15% to 30% per basket when we trade with ME/ME.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,872
  • May 24, 2019 4:20am May 24, 2019 4:20am
Quoting Tekkies
{quote} Good example how not to use TDI crossover. - buy in a down trend / sell in a up trend? - place order after the crossover has happened many bars back. Would say luck favored you.

@Tekkies

He is first time trading with TMS MEME. He is learning and will learn more over the next 12 months.

If he had follow Post#261 and trade the LONG SWING on Weekly and Daily chart timeframe like I am trading this month of May, I have banked in good profits from just one pair.

So far, closed trades in May with one open basket. We still have one week left till the may month close next Friday. Low stress trading with very little screen time.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Trade report May 2019 May 24 closed 24-05-2019 17-13-07.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,873
  • Edited 4:57am May 24, 2019 4:44am | Edited 4:57am
Follow TDI
Post 95,596
------
Market is slow today. Are the buyers and seller's waiting for something to happen? Don't see any red new's.

Looking back in hindsight a few points are noticed.
M15
- Gave many false crossover's in a consolidation / ranging market. H1 prevented all of them.
H1
- Caused a huge draw down. One that will not be nice
- Gave nice bounce trade.
Attached Image (click to enlarge)
Click to Enlarge Name: follow1113.PNG Size: 66 KB
  • #95,874
  • Edited 6:12am May 24, 2019 4:56am | Edited 6:12am
Quoting emmanuel7788
{quote} Hi Cj When trading with the average price and with multiple entries multiple exits MEME, we follow the Weekly and Daily Price Action and Trends. - buy the dips in an Uptrend, - sell the rallies in a downtrend. Long Swing (Daily and Weekly) Since Week 18, the TMS 5-Method setup candle was BUY only on the Weekly. remember what Big E posted about the pullback (HA candle colour changed) in an established trend/ swing and after the pullback, the APB/HA candle is #1 again, that is the buy on the Daily. see my charts below. {image} If you are trading...
Hi, emmanuel

When trading with the average price and with multiple entries multiple exits MEME, we follow the Weekly and Daily Price Action and Trends.
- buy the dips in an Uptrend,
- sell the rallies in a downtrend.
Yes, have wrote down it on my notebook.

Be careful with the number of positions in one basket and it average entry price. The maximum is 5 positions in one basket. You need to manage your risk and do proper trade position sizing. Do Not risk too much per basket.
Yes. I have the plan to manage the risk and position. thanks Son Nguyen.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD MEME Plan - 20190523.png Size: 32 KB

Quoting Tekkies
{quote} Good example how not to use TDI crossover. - buy in a down trend / sell in a up trend? - place order after the crossover has happened many bars back. Would say luck favored you.
@Tekkies
I think you are rushed to post to emphasize using TDI cross, only read my last post not all of the story.
My trade TimeFrame is H4, not M15. and use MEME to manage my trade.
For my sell entry, see below pic.
I realized that it is counter the trend of weekly, so I am very careful and closed all at BE after the big bullish candle.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H4 - 20190524.png Size: 41 KB

I admit I think the PA IS KING, not TDI cross.

thanks for your remind.

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #95,875
  • May 24, 2019 5:26am May 24, 2019 5:26am
Quoting Tekkies
Follow TDI Post 95,596 ------ Market is slow today. Are the buyers and seller's waiting for something to happen? Don't see any red new's. Looking back in hindsight a few points are noticed. M15 - Gave many false crossover's in a consolidation / ranging market. H1 prevented all of them. H1 - Caused a huge draw down. One that will not be nice - Gave nice bounce trade. {image}
Just sharing my experience,

Market is slow today. Are the buyers and seller's waiting for something to happen? Don't see any red new's.

I am always more cautious when day trading.

 

  1. London open session 10AM and 11AM candles are tricky. Poor retail traders cannot see the orders waiting to be filled.

  1. Do not just rely on FF news calendar when trading DAX Indices. There are other economic events in Europe particularly Germany.

When we follow the TDI, we also consider the TDI in the next higher timeframe of our trading timeframe.
For example, trading M15 TDI, we check H1 TDI and even better the H4 TDI.
This is mentioned by Big E in his Post#647 ... short term and long term trend.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 24 M15 h1 H4 1808 24-05-2019 18-07-49.png Size: 67 KB


The higher probability trades are usually following the higher timeframes like above charts, it is H1 and H4 both showing established swing or trends.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,876
  • May 24, 2019 5:31am May 24, 2019 5:31am
Quoting Cj.cn
{quote} Hi, emmanuel When trading with the average price and with multiple entries multiple exits MEME, we follow the Weekly and Daily Price Action and Trends. - buy the dips in an Uptrend, - sell the rallies in a downtrend. Yes, have wrote down it on my notebook. Be careful with the number of positions in one basket and it average entry price. The maximum is 5 positions in one basket. You need to manage your risk and do proper trade position sizing. Do Not risk too much per basket. Yes. I have the plan to manage the risk and position. thanks Son...

Do Not remove the APB/HA candles from our trading charts. Also the 5EMA must be shown on our trading charts. These two are important to see the PA the way Big E taught us.

If you want to show trade entries and exits details on lower timeframe charts, you can disable the visibility of APB/HA candles and also the Stoch and TDI which can cause confusion to some members who may think you are trading against the basic rules.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,877
  • May 24, 2019 5:40am May 24, 2019 5:40am
For what it's worth guys, I found higher success trading off the 4H
Green pips to all
  • #95,878
  • May 24, 2019 6:13am May 24, 2019 6:13am
Quoting emmanuel7788
{quote} Do Not remove the APB/HA candles from our trading charts. Also the 5EMA must be shown on our trading charts. These two are important to see the PA the way Big E taught us. If you want to show trade entries and exits details on lower timeframe charts, you can disable the visibility of APB/HA candles and also the Stoch and TDI which can cause confusion to some members who may think you are trading against the basic rules.
of course, sir. have re-edited it.

thanks

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #95,879
  • May 24, 2019 6:30am May 24, 2019 6:30am
Some people like Emmanuel and Tekkies think that you can beat the stock market as if it were exact science. However, most important is psychology and common sense and a good trade management system. And wisely reinvest your accumulated profits in the right way.
For the record, both have a lot of knowledge and you will or can benefit from both, however I don't like the never ending story of the battle between these two gentlemen with far too much ego! It is inappropriate and actually a bit pathetic.
Keep it simple without too many crappy indicators!
  • #95,880
  • May 24, 2019 8:42am May 24, 2019 8:42am
Quoting Cj.cn
{quote} Hi, emmanuel When trading with the average price and with multiple entries multiple exits MEME, we follow the Weekly and Daily Price Action and Trends. - buy the dips in an Uptrend, - sell the rallies in a downtrend. Yes, have wrote down it on my notebook. Be careful with the number of positions in one basket and it average entry price. The maximum is 5 positions in one basket. You need to manage your risk and do proper trade position sizing. Do Not risk too much per basket. Yes. I have the plan to manage the risk and position. thanks Son...
Looking at chart posted, show that you are cultivating a bad habit.
Two buy order's when APB are red. What made you so sure that price will move up. (Higher time frame?)
The market does not care what you think. Neither Price Action nor TDI will save account from knowingly going against the trend.
----
Why do you have ABP on the chart when you don't trade according to what it shows you?
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