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Trading Made Simple(r)

  • #6,161
  • Sep 24, 2020 5:02pm Sep 24, 2020 5:02pm
Quoting emmanuel7788
EURUSD Sep 24 D1 trades - EU has been ranging in sideways market type conditions - hitting the low of the Weekly WCC Low - closing some soon and bank-in the profit - will pay attention if the price bounce off the low near 1.1650 {image}

EURUSD Sep 25 update

after closing some positions/baskets yesterday near the WCC Low takin profits $247, the market pulled back from 1.1650.

I have open baskets now floating -128pips ...

I don't sweat nor panic now as I leverage on other pairs and those 3 big BASKETs.

Also we keep watch on this EURUSD pair if it goes sideways at the WCC Low we follow our trading tasks to manage our open baskets & 3BASKETs of positions.



Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Sep 25 open positions -128pips 25-9-2020 5-50-39 am.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,162
  • Sep 24, 2020 6:25pm Sep 24, 2020 6:25pm
Here is one for your weekend homework study and prepare a trade plan.

Wait till NY close at 5PM Sep 25.

then do your Weekly Top Down Analysis WTDA

Next week Sep 27 to Oct 02 is also Month-END closing mid-week.

AUDCAD Sep 25

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Sep 25 W1 25-9-2020 7-22-03 am.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,163
  • Sep 25, 2020 1:43am Sep 25, 2020 1:43am
Just confused the system for such case, MA and HMA are crossed. however RSI or Stoch still low.
should i wait until RSI over than 50 for betting where may be far away from crossing point.
or should i just ignore this chance.
thanks you guys
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  • #6,164
  • Sep 25, 2020 3:27am Sep 25, 2020 3:27am
Quoting noke8868
Just confused the system for such case, MA and HMA are crossed. however RSI or Stoch still low. should i wait until RSI over than 50 for betting where may be far away from crossing point. or should i just ignore this chance. thanks you guys {image}
following strictly the Post#1 conditions for CROSSOVER setup, both Stochastics and the RSI must be above 50-level for buy.

trading the H4 today there are not many candles left till NY closing.

just look left on your chart, the entire of this week is bearish since Monday 21 London session, what does this tell you ? just a quick switch to Weekly chart timeframe will show the market conditions is sideways ... very narrow range.

difficult pair to trade now... wait another week.

Weekly will show us the way.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF Sep 25 weekly 25-9-2020 4-23-30 pm.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,165
  • Sep 25, 2020 3:31am Sep 25, 2020 3:31am
Quoting emmanuel7788
{quote} following strictly the Post#1 conditions for CROSSOVER setup, both Stochastics and the RSI must be above 50-level for buy. trading the H4 today there are not many candles left till NY closing. just look left on your chart, the entire of this week is bearish since Monday 21 London session, what does this tell you ? just a quick switch to Weekly chart timeframe will show the market conditions is sideways ... very narrow range. difficult pair to trade now... wait another week. Weekly will show us the way. {image}
this is really helpful, thanks so much emmanuel7788!
  • #6,166
  • Edited 4:07am Sep 25, 2020 3:53am | Edited 4:07am
For those of you who have more experience and become more aggressive in trading price reversals, the tip given by the OP RobinHood is in post #3911

AUDCHF H4 as an example, there were setup for aggressive TMS reversal traders who do not wait for TMS(r) CROSSOVER setups.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF H4 TDi HMA combination 25-9-2020 4-48-50 pm.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,167
  • Sep 25, 2020 7:08am Sep 25, 2020 7:08am
Quoting noke8868
{quote} this is really helpful, thanks so much emmanuel7788!
You are most welcome.

Just spend your time and read all RobinHood' posts and study his charts. Pay attention to detail on your own charts and those Crossover and Continuation setp up conditions and look for the best setups and trade potential that can run for days and even into weeks. Start trading H4 and then when the trades developed into Daily then Weekly, you will make money.

I closed my trades for this week Sep 21 to 25 just before New York open and have some open positions to run into next week.

Hope this will inspire you to work even harder at trading and be open minded to learn while following this thread. Be active, post charts to share your views and thoughts here and we can all learn together.

Attached Image (click to enlarge)
Click to Enlarge Name: TMSr trades closed Sep 21 to 25 25-9-2020 8-01-25 pm.png Size: 80 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,168
  • Sep 25, 2020 7:14am Sep 25, 2020 7:14am
Quoting emmanuel7788
{quote} You are most welcome. Just spend your time and read all RobinHood' posts and study his charts. Pay attention to detail on your own charts and those Crossover and Continuation setp up conditions and look for the best setups and trade potential that can run for days and even into weeks. Start trading H4 and then when the trades developed into Daily then Weekly, you will make money. I closed my trades for this week Sep 21 to 25 just before New York open and have some open positions to run into next week. Hope this will inspire you to work even...
This guy is a Legend. All Newbies read and read again all of his postings. Nice work Emm.
  • #6,169
  • Sep 25, 2020 7:33am Sep 25, 2020 7:33am
Quoting 40PipsAlan
{quote} This guy is a Legend. All Newbies read and read again all of his postings. Nice work Emm.
The true Legend of Trading Made Simple is X-Man. I started as one of his student. He trades million dollar account while I trade peanut.

Remember what I said about one day you will trade a £25,000 account and grow that to £50,000, then making average £1,000 per day over a long term 36 months is achievable. Keep working at it and work harder. You will retire wealthy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,170
  • Edited 9:07am Sep 25, 2020 7:42am | Edited 9:07am
Quoting emmanuel7788
For those of you who have more experience and become more aggressive in trading price reversals, the tip given by the OP RobinHood is in post #3911 AUDCHF H4 as an example, there were setup for aggressive TMS reversal traders who do not wait for TMS(r) CROSSOVER setups. {image}
Hello Emmanuel! Can you share your trading experience? With trading positions do you participate in new openings on Friday or will you close your trades on Friday.? Tks!!!
  • #6,171
  • Sep 25, 2020 9:53am Sep 25, 2020 9:53am
We got a winning week for a change. Not as impressive as Emm's but still a winner. Have a good weekend guys.
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  • #6,172
  • Sep 25, 2020 10:46am Sep 25, 2020 10:46am
Quoting emmanuel7788
{quote} You are most welcome. Just spend your time and read all RobinHood' posts and study his charts. Pay attention to detail on your own charts and those Crossover and Continuation setp up conditions and look for the best setups and trade potential that can run for days and even into weeks. Start trading H4 and then when the trades developed into Daily then Weekly, you will make money. I closed my trades for this week Sep 21 to 25 just before New York open and have some open positions to run into next week. Hope this will inspire you to work even...
Very inspiring, good to know there is hope. Thanks Emmanuel.
  • #6,173
  • Sep 25, 2020 7:53pm Sep 25, 2020 7:53pm
Quoting Jonhathan123
{quote} Hello Emmanuel! Can you share your trading experience? With trading positions do you participate in new openings on Friday or will you close your trades on Friday.? Tks!!!

Hello Jonhathan

Of course I am here to share my experience having followed the trading journey of eelfranz aka Big E the OP of Trading Made Simple thread TMS.
My experience during my first few year, learning from all of Big E top TMS traders like LE1, X-Man, Medhi343 and now RobinHood 's thread has taught me much more than what I had learned from Big E alone.
For me my trading journey is a learning process and it never ceases, I keep on learning new things everyday.

Trading the markets is very tough business and you must have your own Blueprint to Trading Success. You need in your blueprint you trading business plan in which you need to define the type of trading styles - Scalping, Day Trading, Swing Trading and Position Trading, from very short term to long term. For me the Scalping and Day Trading styles are the most stressful and requires too much time spent at the trading computer trading manually. For years I have been trading the stock market and have done it on End-of-Day EOD basis which is trading the Daily charts. This experience has been good and when it comes to trading the spot forex market, I can use the same EOD trading tactics too and I can adapt the same to both 4H swing trading and position trading using Daily/Weekly charts.

Weekly chart is my Dominant chart timeframe to look at the market type conditions in which I would pick to trade. One Dominant chart TF means I have the same Big Picture of the market to trade 4H swing and Daily/Weekly positions. See image below.

When I do 4H swings, I would closed all positions by London session close on Fridays. This is because of the time zone where I live. There is one exception to this simple rule, i.e. if I can convert my 4H swing trades to Positions Trades with profit protected and not giving back more than 50% of floating profits, then I would rollover to the following week and manage the trades as Daily/Weekly Position trades.

To your question as to whether I open new positions on Fridays,
NO when I am 4H swing trading.
YES when I am Position trading, I do initiate a new baskets on Fridays but this depends a lot on my view of the Big Picture of the pair and my trade plan.
This week, yesterday I did not initiate any new basket because I have several baskets with open positions -some in profits, some in floating losses). As example is AUDCAD which I will evaluate this weekend and will decide later. See my post #6162 , do your weekend exercise and be active. Share your view and start a demo account and follow this thread and learn.

Market Trends / Swings

Attached Image


Have a Good Weekend. Stay Safe!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,174
  • Sep 25, 2020 8:17pm Sep 25, 2020 8:17pm
Quoting 40PipsAlan
We got a winning week for a change. Not as impressive as Emm's but still a winner. Have a good weekend guys. {image}
Good trading Alan!

Nice £631 profit in one week...

Be DISCIPLINED and that will help ensure you attain CONSISTENCY.

Think of that £25,000 trading account which you will soon be trading and growing that to £50,000. Then it would be a whole new ball game.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,175
  • Sep 25, 2020 8:19pm Sep 25, 2020 8:19pm
Quoting emmanuel7788
{quote} Hello Jonhathan Of course I am here to share my experience having followed the trading journey of eelfranz aka Big E the OP of Trading Made Simple thread TMS. My experience during my first few year, learning from all of Big E top TMS traders like LE1, X-Man, Medhi343 and now RobinHood 's thread has taught me much more than what I had learned from Big E alone. For me my trading journey is a learning process and it never ceases, I keep on learning new things everyday. Trading the markets is very tough business and you must have your own Blueprint...
Thanks for what you have shared. I also learned a lot from Big.E and you from the TMS-5 method and now the people on this topic and Robinhood. I continue as you say build the trading plan. I opened new trading positions for EU, AU, AJ on Friday when the NY session opened. I will learn from experience this time.
  • #6,176
  • Sep 25, 2020 8:42pm Sep 25, 2020 8:42pm
Quoting Ppk79
{quote} Very inspiring, good to know there is hope. Thanks Emmanuel.

Hi Ppk

The world situation is going through a period of great impact changes because the covid-19. There is hope because mankind will win this one as we has won in the chronicles of our world.

Use the time during this challenging period to learn and develop new skills which can pass onto our children and grandchildren, and to ensure that they too will equip with the knowledge and skill sets to find additional income streams in addition to our day jobs. The markets will be there for everyone to take advantage of and the opportunity to trade and make some money. You need the knowledge and the skill sets which some already have while many others will need to spend their time and make sacrifices now.

The trading method shared by RobinHood in this thread is the result of own hardwork and his time spent learning from Big E' Trading Made Simple. He has made it simpler and 'removed' a lot of Big E' discretionary type decision/rules post#1. Our top most important daily trading task is to look for the best setup to trade and to use proper money and risk management according to our individual financial positions and goals.

It's weekend time so we spend a few hours ( sacrifice 3 to 5 hours daily) and do our weekly top down analysis and prepare our trading plans for trading.

Have a Good Weekend, Stay Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,177
  • Edited 9:31pm Sep 25, 2020 8:56pm | Edited 9:31pm
Quoting Jonhathan123
{quote} Thanks for what you have shared. I also learned a lot from Big.E and you from the TMS-5 method and now the people on this topic and Robinhood. I continue as you say build the trading plan. I opened new trading positions for EU, AU, AJ on Friday when the NY session opened. I will learn from experience this time.

Hi Jonhathan

I have open baskets in AU and EU too and also AJ as of NY 5pm closed.

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report AU AJ EU Sep 25.png Size: 13 KB


But try not to open at the same time new baskets in USD majors AU, EU, GU, UCad, UChf unless you split the risk into smaller portions for each pair.
I open new basket only after I have taken profits from other correlated pair/s.

manage your overall risk exposure when trading and this is to limit the % drawdown to less than 15% (max) at any one time. If you suffer drawdown above 20%, it is vey difficult to recover from that 20% drawdown. I try cut losses between 10% and 15%, learned this from many lessons in the past and I am comfortable.

Read this money management report:

This Money Management Report pdf [click to download] has some information you can use.

What is an acceptable drawdown to you? {link}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,178
  • Sep 25, 2020 10:55pm Sep 25, 2020 10:55pm
Quoting emmanuel7788
Here is one for your weekend homework study and prepare a trade plan. Wait till NY close at 5PM Sep 25. then do your Weekly Top Down Analysis WTDA Next week Sep 27 to Oct 02 is also Month-END closing mid-week. AUDCAD Sep 25 {image}

AUDCAD New York Closed Friday Sep 25

This is my chart as of NY Closed.

Do your own weekend homework and share here for discussion.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Sep 25 NYC Weekly Closed 26-9-2020 11-45-14 am.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,179
  • Sep 26, 2020 12:00am Sep 26, 2020 12:00am
Quoting emmanuel7788
{quote} You are most welcome. Just spend your time and read all RobinHood' posts and study his charts. Pay attention to detail on your own charts and those Crossover and Continuation setp up conditions and look for the best setups and trade potential that can run for days and even into weeks. Start trading H4 and then when the trades developed into Daily then Weekly, you will make money. I closed my trades for this week Sep 21 to 25 just before New York open and have some open positions to run into next week. Hope this will inspire you to work even...
i am a lot of confusion to starting trade how many pairs?
  • #6,180
  • Sep 26, 2020 4:40am Sep 26, 2020 4:40am
Quoting emmanuel7788
{quote} AUDCAD New York Closed Friday Sep 25 This is my chart as of NY Closed. Do your own weekend homework and share here for discussion. {image}
Hi Emmanuel!
I am learning to analyze high to low timeframes, from WTDA to trading H4 timeframes. For the pair NJ next week, the trend will be short and the target target will be 64,200 as there is very strong support there. The weekly candle closed above the lows and below the 5 EMA along with the HMA. Whether I am wrong anywhere do not expect you to advise me.
Thank you very much!
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