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Trading Made Simple

  • #118,041
  • Apr 9, 2021 8:46pm Apr 9, 2021 8:46pm
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
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,042
  • Apr 9, 2021 9:29pm Apr 9, 2021 9:29pm
Quoting Tekkies
{quote} Hi Pips. Your answer does not solve the question. > Use or lose BE as part of your trading method. The same goes with SL. How many times have price taped your SL (Post 1,308) to run away into profit or prevented a major loss? It is either use them and be happy with what price is willing to give you. Do not use them and live with the results.

Hey Tekkies

I waited but I did not see pip29 reply your post. I don't know when he would reply you.

I also don't think his reply would help you solve your problem with that last Margin Call and that 86% drawdown.

The person who can help you is YOURSELF. You need to work on yourself and learn from your own trades and why you has your last Margin Call in Dec05 2020 to Feb28 2021. I made several observations, at least 10 common mistake made by newbies which I have observed the last 10 years in this thread.

Top on my list :

1) You did not read all Big E posts in Forex Factory when you are trading M15 and H1 charts.
Reading, studying and learning the old thread is very important when you want to trade M15 and H1.
Simply put, just following the 463 posts in this Trading Made Simple thread title is no enough for many.

2) Trading M15 and H1, you need very good price action skills and that you can learn from LE1 and X-Man threads.
If you want more advance price action trading techniques, then J16 thread and strat' threads are the best in FF.

3) The TDI version you use is your 'achilles heel'. You should be using Big E version in Post#25 and only look at it when live when market is open. Studying old charts with this TDI #25 version is not the same when you are using it in live reatlime market. This is Big E' secret ... if there is really a secret.

4) Monet Management strategy. You do not have one!

5) Trading Psychology ... Mental strategy ... is your one big weakness.

just top 5, above for the time being.

Now, you must take OWNERSHIP for the years of trading losses and move forward.

Back to my post Mar 16, 2016 link below ... the same time you joined FF.

https://www.forexfactory.com/thread/...24#post8813924
Attached Image (click to enlarge)
Click to Enlarge Name: OWNERSHIP.png Size: 261 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,043
  • Apr 9, 2021 10:56pm Apr 9, 2021 10:56pm
Quoting emmanuel7788
{quote} Hi ted It is Friday. I learn from Big E' posts, he would not trade his 4hr on Fridays and also not on Mondays. I know his reasons. I do the same when I am trading the 4H Swing, I would not start a new H4 Swing trade on Fridays. I would close all 4H Swing trades by the time London market session closed but with only one exception. Note: my 4H Swing is based on New York 5PM server hour. You H4 broker server alerts can be different. I have two H4 alert but I would not trade them but I trade H1 based on the H4 setup conditions. This week better...
Noted, thanks for the advice.
  • #118,044
  • Apr 9, 2021 11:46pm Apr 9, 2021 11:46pm
Quoting emmanuel7788
{quote} Nice trades! Follow the Daily and Trade away from the Day Open, one of my favourite entry technique. And you made 2 sell entries and different time and price did you increase the overall risk of this trades or you use average price of multiple entries? {image}
The number of unit lot was decided before the entry.
In this instance it was a news trade, I divided them by two (up to individual how many).
The 1st unit was sent out as 'recce soldier' to mitigate risk.
The 2nd unit when price was coming down towards day open a 2nd time.
ITB - Seeing Orderliness amongst 'Randomness'
  • #118,045
  • Apr 10, 2021 12:49am Apr 10, 2021 12:49am
Quoting emmanuel7788
{quote} so I ask: {image}

  1. What market conditions do you consider when you make double entries instead of single entry?

    In this instance, i already pre drawn the levels i would be watching out for reversal but price overshot those levels. There could be a chance that those levels would turned into support. The next level i watched was previous day NY high. So 1st entry to mitigate risk.
    https://www.forexfactory.com/thread/...9#post13487749
  2. https://www.forexfactory.com/thread/...2#post13487892
  3. when you place 2 entries, what is your money management risk for stop loss and Positions Size for each trade entry?

    The number of entries was predetermined. In this instance I divided the final unit lot by two (up to individual how many). So there is one stop loss as if it is in term for the final unit regardless of the sub divided entries.

    3) where would be your initial Stop Loss for 2 entries? if you have the same SL ... same risk?

    It depends on the number of sub divided entries that i am going to place. If there are going to be 3 entries, the 1st entry SL could even be around previous day high.
    In this instance, the SL for 2 entries would be above round number 1.8050. As explained above one same SL for final unit.

    4) WHAT IF scenario, what if the market turn against the 2 entries, do you consider manual exit one or both positions between your SL and EP entry price,

    I do not put hard SL except mostly when i retire for the day or taking a long nap. I manual exit all positions when a strong h1 candle closes beyond the SL line i drawn.

    5) Trade Management, do you consider moving your initial SL to EP+? how many pips move?

    Could be when a strong candle breaks a fractal beyond. I don't count the pips, probably 20 - 25 pips. I could even exit the trade entirely depending whether it's ranging.

    6) I only see price action vs RSI divergence on the M15 details after you entrie

    Based on the entry level that i monitor (previous day NY high), htf h4/h1 would have a hidden divergence. M15 drawn the same way from the same previous day high to my level . I know there are some that disagree due to many peaks in between.
    I don't think there's a m15 hidden divergence as the 2 vertical peaks did not align when the tdi peaks equate with price.

ITB - Seeing Orderliness amongst 'Randomness'
  • #118,046
  • Apr 10, 2021 1:50am Apr 10, 2021 1:50am
Quoting emmanuel7788
{quote} EURUSD Apr09 trades closed - that breakout did not go very far and TIMEOUT! for me, - Follow Rule#16 Get Out! save your trading capital. - anyway, the week 14 Apr 05 to 09 closed with nice profits which adds to my 20-trading days cycle. - you will see my trade entries and exits on this chart below. - Note* I based all my trades on H4 PA and it 5EMA, plus key support and resistance levels, therefore you see some H1 entries are not always APB/HA#1 and #2,. - some H1 trade entries are based on Daily candle close. - It is Friday, no more trading...
Beautiful trading , well done Big Emmanuel, keep it up
I Have Learned to Take Some Losses to Make Profits
  • #118,047
  • Apr 10, 2021 1:56am Apr 10, 2021 1:56am
Very clean explanation ITB!

so happy to see this thread has come back to a healthy status.

trade sharing has returned to constructive discussion like when BigE was hosting the thread. Discussion around PA and TMS despite each using slightly different templates and own confluences.
No more fancy things like grid or averaging down. Less trolling and smack talk like 116008 claming certain confluences that go hand-in-hand on TDI as crap as if a know-it-all. Also rid of trolling. Professional trading discussion of the Trading Made Simple system

I am happy to see the effort of members, admin and also the company staff behind the FF working collaboratively since early this year. Better content management has the benefit to readers and member retention. Additional benefit to posters can be seen as they adhere to the trading system of the thread. We have seen Emm’s profitability increased so much compared to Dec. Congratulations.
Let’s hope we can keep it this way and no need to do that chain of communication and reinforcement again. have a nice weekend guys
  • #118,048
  • Apr 11, 2021 7:14am Apr 11, 2021 7:14am
This video is not for stupid.
Take a time and learn.
Inserted Video
MA provides the market's current direction and strength.
  • #118,049
  • Apr 11, 2021 5:56pm Apr 11, 2021 5:56pm
Quoting emmanuel7788
{quote} GBPUSD Week 13 Mar 29 to Apr 02 - nice move during London session open, a H4 BUEOB set up candle - let's see if this will make it to the next level 1.3915 and then 1.4018 Big Picture {image} {image}

GBPUSD Week 15 Apr 12 to 16

Big Picture Weekly

Know the Market Type conditions - price levels price will move from and to ....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 15 Apr12-16 Big Picture 12-4-2021 6-49-20 am.png Size: 32 KB

TMS charts 4 timeframes

Know the 'support and resistance' of every timeframe.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr12 H1 pipware12-4-2021 6-50-06 am.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,050
  • Apr 11, 2021 5:58pm Apr 11, 2021 5:58pm
Quoting TheScorpS
{quote} Beautiful trading , well done Big Emmanuel, keep it up
Hi TSS

thanks!

you are trading well too.

we all come a very long way since 2012.

keep on going ...Follow Simple Rules for Entries and Exits the way Big E.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,051
  • Apr 11, 2021 8:32pm Apr 11, 2021 8:32pm
gbpcad day trading levels.
4 days of down candles. patience and prudence. wide river.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #118,052
  • Apr 11, 2021 8:43pm Apr 11, 2021 8:43pm
looks like down day for gbpjpy.
ITB - Seeing Orderliness amongst 'Randomness'
  • #118,053
  • Apr 12, 2021 12:45am Apr 12, 2021 12:45am
gj result.
Attached Image (click to enlarge)
Click to Enlarge Name: 36888de708b9a622c544548cbbb9d911.png Size: 17 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #118,054
  • Apr 12, 2021 3:39am Apr 12, 2021 3:39am
Quoting Inthebox
gj result. {image}
The bounce up after the rdiv..
  • #118,055
  • Apr 12, 2021 3:47am Apr 12, 2021 3:47am
Quoting tommydoginti
{quote} The bounce up after the rdiv..
the bounce up was quite strong. didn't expect that. ej down is smoother.
gj seems like slowing down approaching asia high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #118,056
  • Apr 12, 2021 3:53am Apr 12, 2021 3:53am
Quoting Inthebox
{quote} the bounce up was quite strong. didn't expect that. ej down is smoother. gj seems like slowing down approaching asia high.
attaching images on FF sometimes fail and not knowing the result until posted. Supposed to be in last post

GU rdiv on D1 H4 H1 HTFs. Good bounce and potential reversal set up if cross 1.376

Attached Image (click to enlarge)
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  • #118,057
  • Apr 12, 2021 6:47am Apr 12, 2021 6:47am
TMS Monitor Apr 12 H4 ... 15mins to New York Open

- we are in the H4 candle with 1 hr 15 mins to go...
- already several pairs are running nicely...


Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Ape12 H4 15mins to NYO 12-4-2021 7-44-30 pm.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,058
  • Apr 12, 2021 7:30am Apr 12, 2021 7:30am
I get many PMs asking the difference between the TDI in Post#25 and the other version which updates on every price tick.

Here is the comparison using TMS_V19 and the @TMSTDI WatchDog which is also the same as the TDi used by the OP.

I look at TDI Static and Dynamic values will help me decide when I take a H1 price action trade.

The TDI Static will not update until this current active H4 bar/candle closes. The TMS_V19 TDI will update on every price tick (Dynamic)


Attached Image (click to enlarge)
Click to Enlarge Name: GU TMS V19 TDI static and Dynamic 12-4-2021 8-23-33 pm.png Size: 84 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,059
  • Apr 12, 2021 8:57am Apr 12, 2021 8:57am
Quoting tommydoginti
{quote} attaching images on FF sometimes fail and not knowing the result until posted. Supposed to be in last post GU rdiv on D1 H4 H1 HTFs. Good bounce and potential reversal set up if cross 1.376 {image}
Swing exhaustion back to SR. Sell scalp with TDI sell cross

Attached Image (click to enlarge)
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  • #118,060
  • Edited 10:19am Apr 12, 2021 9:48am | Edited 10:19am
Quoting emmanuel7788
{quote} Hi TSS thanks! you are trading well too. we all come a very long way since 2012. keep on going ...Follow Simple Rules for Entries and Exits the way Big E.
Yes we have come a long way, I and miss the the seniors traders this thread one had, they helped us tremendously, you kept the thread alive, kudos to you and all other members that helped along the way

EUR/AUD trades on H1 , FO entry after pin bar with cross of TDI , and NYO entry after inside bar breakout, was 3rd blue candle so put small TP
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-04-12_12-03-36.jpg Size: 235 KB
I Have Learned to Take Some Losses to Make Profits
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