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Trading Made Simple

  • #113,261
  • Dec 17, 2020 3:13am Dec 17, 2020 3:13am
Quoting emmanuel7788
Dec 17 London Open buy EURUSD buy GBPUSD sell EURGBP buy GBPJPY make sure to use %risk and do your trade positions size. caution , there is event today during the London - US session.

very slow moving ... sometimes it is just frustrating and we just need to be patient and wait longer
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,262
  • Dec 17, 2020 3:23am Dec 17, 2020 3:23am
Quoting emmanuel7788
{quote} {image} start with his Training chart Post#2 I'll trade follow the price action {image}
point of this post is good in the sense of more confluence factors = stronger success.

however, might confuse newbies to TMS trading method. (origin of method is TDI for entries, of cause PA is already incorporated into Big E mind when he applied TDI)
  • #113,263
  • Dec 17, 2020 3:37am Dec 17, 2020 3:37am
Quoting firsttimer
{quote} point of this post is good in the sense of more confluence factors = stronger success. however, might confuse newbies to TMS trading method. (origin of method is TDI for entries, of cause PA is already incorporated into Big E mind when he applied TDI)

Yes! You are absolutely correct that "PA is already incorporated into Big E mind when he applied TDI". This is why newbies with little trading experience and not proficient in the PA stuff which he mentioned for example in his Post#647 would be find hard to trade and make money.

This would mean when he applied the TDI to the PA, then that the TDI is to confirm the PA, right?

He also said in his old thread that the TDI was his helping indicator when he was trading with the Stoch.

I think what Big E stress was about following simple rules for entries and exits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,264
  • Dec 17, 2020 3:42am Dec 17, 2020 3:42am
Quoting emmanuel7788
{quote} very slow moving ... sometimes it is just frustrating and we just need to be patient and wait longer

while it was slow moving for the pairs, I looked at GBPNZD and the PA was nice... double top chart pattern, H1 swing high with REVERSAL candle, ... the same usuall setup stuff ... repeated day-in day-out.

the rest depends on the Money Management and mitigating the trade risks.

took TP1 +10pips and moved SL to trailing stop on M15

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Dec 17 trade TP1 17-12-2020 5-39-31 pm.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,265
  • Dec 17, 2020 3:49am Dec 17, 2020 3:49am
Quoting emmanuel7788
{quote} while it was slow moving for the pairs, I looked at GBPNZD and the PA was nice... double top chart pattern, H1 swing high with REVERSAL candle, ... the same usuall setup stuff ... repeated day-in day-out. the rest depends on the Money Management and mitigating the trade risks. took TP1 +10pips and moved SL to trailing stop on M15 {image}
hey Emmanuel. good trade.i took euznzd short ( i enter on the 1h candle after the 1st Frankfurt open , the green line ). good angle od TDI cross . H4 candles was showing strong downside . my TP was 1.7080 ( weekly open price . Maybe i should leave it to see where it will goes , but i prefer to take the pips and forget it ( 35 pips is not bad )
Attached Image (click to enlarge)
Click to Enlarge Name: e521bec73233698fdcc375bc581bfe6b.png Size: 41 KB
  • #113,266
  • Dec 17, 2020 3:58am Dec 17, 2020 3:58am
Quoting toti1985
{quote} hey Emmanuel. good trade.i took euznzd short ( i enter on the 1h candle after the 1st Frankfurt open , the green line ). good angle od TDI cross . H4 candles was showing strong downside . my TP was 1.7080 ( weekly open price . Maybe i should leave it to see where it will goes , but i prefer to take the pips and forget it ( 35 pips is not bad ) {image}
there were a few H1 setup to pick when FO. All I want to see is the H4 HA candle PA is either above or below the 5EMA, and there are sign of price MOMENTUM when the H1 candles moves and the M15 close with the H1 period is perfect TIMING.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Dec 17 M15 with H1 candles 17-12-2020 5-59-33 pm.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,267
  • Dec 17, 2020 4:04am Dec 17, 2020 4:04am
Dec 17 H4

- my broker opens a new H4 at London 10AM

- a few to look at

- also to cut some positions ...
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Dec 17 H4 at London 10AM 17-12-2020 6-02-29 pm.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,268
  • Edited 5:47am Dec 17, 2020 4:05am | Edited 5:47am
I like the subject: TRADING MADE SIMPLE

I would like your idea of a strategy that will be created knowing the following facts that I think are true:

-don't try to "guess" where the price is going because it's like fliping a coin
-no indicators can predict the futur so don't use them
-backtest are just a proof that it would have work in the past not in the futur so don't use them to create this system
-no martingale...
-no scalping
-don't risk more than 0.5% on a trade
-it can be a range or trend strategy
-We are only talking about the forex market so no strategy like in the stock market buy and hold
-no trading without stop
-trading without limit ok

KEEP IT SIMPLE and let's share our ideas
  • #113,269
  • Dec 17, 2020 4:05am Dec 17, 2020 4:05am
Quoting emmanuel7788
{quote} very slow moving ... sometimes it is just frustrating and we just need to be patient and wait longer

- cut GBPJPY at London 10AM ... take small loss...

JPY strengthen !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,270
  • Dec 17, 2020 4:53am Dec 17, 2020 4:53am
Quoting emmanuel7788
{quote} - cut GBPJPY at London 10AM ... take small loss... JPY strengthen !
What you think for EJ ? i think there potential if breaks the level 126 ?
  • #113,271
  • Dec 17, 2020 5:00am Dec 17, 2020 5:00am
Quoting toti1985
{quote} What you think for EJ ? i think there potential if breaks the level 126 ?

EJ H4 at London 11AM

- can short for ATR(H4) 28 pips but careful with BRN 128.00 bounce!

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Dec 17 H4 London 11AM 17-12-2020 6-57-34 pm.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,272
  • Dec 17, 2020 5:04am Dec 17, 2020 5:04am
Quoting emmanuel7788
{quote} EJ H4 at London 11AM - can short for ATR(H4) 28 pips but careful with BRN 128.00 bounce! {image}
you mean 126.00 ?
  • #113,273
  • Dec 17, 2020 5:06am Dec 17, 2020 5:06am
Quoting emmanuel7788
{quote} - cut GBPJPY at London 10AM ... take small loss... JPY strengthen !

GBPJPY H1 buy at London 11AM

- good signal alert checkmark bounce !

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon Dec 17 H1 LON 11AM 17-12-2020 7-04-41 pm.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,274
  • Dec 17, 2020 5:10am Dec 17, 2020 5:10am
EU waits for GU bulls and EG bears.

when EG stalls, then EU will wake up to the buyers....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,275
  • Dec 17, 2020 5:29am Dec 17, 2020 5:29am
Quoting toti1985
{quote} you mean 126.00 ?
sorry typo.

yes. its 126.00
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,276
  • Dec 17, 2020 5:30am Dec 17, 2020 5:30am
Quoting emmanuel7788
{quote} GBPJPY H1 buy at London 11AM - good signal alert checkmark bounce ! {image}

GBPAUD Dec 17 Buy

closed 3 x TPs +10pips, +15pips and +20pips, now let CM manage the last portion.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Dec 17 H1 trade 3 xTPs 17-12-2020 7-27-55 pm.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,277
  • Dec 17, 2020 5:40am Dec 17, 2020 5:40am
Quoting emmanuel7788
EU waits for GU bulls and EG bears. when EG stalls, then EU will wake up to the buyers....

GBPUSD Dec 17 trade update:

- close take profit 3 x TP +10pips, +15pips and +20 pips
- leave last portion protected +10pips and let market decide if it go to 1.3650ish, this would help me make my daily goal which stands at 80% now.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Dec 17 H1 trades 3 x TPs 17-12-2020 7-37-02 pm.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,278
  • Dec 17, 2020 6:10am Dec 17, 2020 6:10am
Today another GU trade. 100% manual trade No EA trade Management.
Learn one market. Understand How that market work.
Trading will be simple. we don't need an 85% win rate, 40 to 50% win rate all we need.

If I exit with TDI cross I would have close the trade early.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 38 KB
MA provides the market's current direction and strength.
  • #113,279
  • Dec 17, 2020 7:07am Dec 17, 2020 7:07am
Trade Report Dec 17

- today managed to close 93.8% of my daily goal....

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report Dec 17 NYO 17-12-2020 9-01-29 pm.png Size: 25 KB


work hard folks! You can do it like me too. Some have done even better.

Make some sacrifices. All it takes is 3 to 5 hours everyday for 2 to 3 years, and you will learn a lot and taking clean trades would be a breeze.

The covid-19 vaccine looks promising and the pandemic will soon be over .

If you spend the time now, you will be able to trade for additional income to supplement your day jobs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,280
  • Dec 17, 2020 7:33am Dec 17, 2020 7:33am
GU another trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 45 KB
MA provides the market's current direction and strength.
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