Hey TMS Folks
I get many PMs about multiple entries and multiple exits ME/ME when trading Big E' 5-Method.
Some members like what they see I post my trades entries and exits. They love seeing large money profits and large number of pips won.
Some members tell me those are not TMS trades and I wonder what these members think about money management strategy.
Some members trading on M15 chart and think how to trade with MEME on M15.
I know ME/ME sounds like lots of fun and easy money. It is not easy money. And you must first understand the concept and work that out on paper to see its effectiveness when trading in trending market type. Trading Big E 5-Method and moving up to trade the Daily and Weekly charts, it will work out nicely when you trade in established trend and avoid being aggressive trying to catch the reversal. You need trade the 'meat' portion of the 'trend', i.e. the establish trend AFTER a REVERSAL. Do Not think you can catch the 'trend' early thinking of APB/HA#1 and APB/HA#2 for early entries when you do not have the skills to determine the Market Types conditions.
Some old posts to read first and get a basic foundation:
Entry and Exits: Post#24,918 Post#18,422
How to Build a Position: Post#19,588
Multiple Entries / Multiple Exits for Day chart trading: Post#58,726
For those bookworms who love to read, here is the book where the ME/ME was written.
It's in Chapter 11 " How to Trade Like a Hegde Fund Manager".
more weekend reading.
Day Trading and Swing Trading the Currency Market pdf
Also read strat' recent post link here.
Strat's PASR Long Term, Stress Free Trading
https://www.forexfactory.com/thread/...3#post13481033
I get many PMs about multiple entries and multiple exits ME/ME when trading Big E' 5-Method.
Some members like what they see I post my trades entries and exits. They love seeing large money profits and large number of pips won.
Some members tell me those are not TMS trades and I wonder what these members think about money management strategy.
Some members trading on M15 chart and think how to trade with MEME on M15.
I know ME/ME sounds like lots of fun and easy money. It is not easy money. And you must first understand the concept and work that out on paper to see its effectiveness when trading in trending market type. Trading Big E 5-Method and moving up to trade the Daily and Weekly charts, it will work out nicely when you trade in established trend and avoid being aggressive trying to catch the reversal. You need trade the 'meat' portion of the 'trend', i.e. the establish trend AFTER a REVERSAL. Do Not think you can catch the 'trend' early thinking of APB/HA#1 and APB/HA#2 for early entries when you do not have the skills to determine the Market Types conditions.
Some old posts to read first and get a basic foundation:
Entry and Exits: Post#24,918 Post#18,422
How to Build a Position: Post#19,588
Multiple Entries / Multiple Exits for Day chart trading: Post#58,726
For those bookworms who love to read, here is the book where the ME/ME was written.
It's in Chapter 11 " How to Trade Like a Hegde Fund Manager".
more weekend reading.
Day Trading and Swing Trading the Currency Market pdf
Also read strat' recent post link here.
Strat's PASR Long Term, Stress Free Trading
https://www.forexfactory.com/thread/...3#post13481033
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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