Trading Made Simple

Quoting emmanuel7788

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{quote} I have few PMs with many different questions on this post and the EURUSD trades. 1) which Big E posts did he trade like this? Answer: Post#557 and also other posts where he mentioned to trade the Daily/Dailies. Post#557 The only reason I deposited that amount is because I trade full lots and some trades have 2-4 lots on a trade... or I'll add additional lots as the trade is in progress.. no big deal... 2) how to prepare a trade plan for trading Daily charts Answer:...

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Quoting eelfranz

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Sam21... As I've stated may times here... When green crosses red I'm ready to enter the trade... yellow line has nothing to do with entries. Enter on candle 1 or 2 only... after that look for another pair/trade.

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Quoting eelfranz

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Klops... (503) I'm not looking for 15 pips profit... more like 150 ! The money I put into my last trading account ($10,000) I don't even think about it. It's like the money you take to Las Vegas. You hope to win but don't often... Your taking money for entertainment and relaxation... So I don't give it a second thought... It's entertainment money as I said... Besides It always grows larger... I REMEMBER THE DAYS WRINGING OUT MY HANDS FOR MY $500 ACCOUNT... THE SKIES FALLING ! Help, help, help. If I enter a trade lets say and I'm monitoring the trade...

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Quoting eelfranz

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Is that possible? Yes. Years ago when I retired I was looking for something to do. I attended a free local presentation about trading FX. My mind said "We can do that and make money too... from the recliner"... so the torture began as happens to all newbies... I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price. Man... I'm on my way I thought. It was so difficult to understand and trade that I never made a dime... in fact I lost most of the time. When I called the companyit was all Greek to me... I thought a lot...

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Quoting eelfranz

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2scoops.... You asked me about that last trade I posted: As I saw the TDI Green make a second attempt to go short I looked to the left on the TDI to where it had gone previously short and I expected it to go about that far... Make sure you look at your TDI guys like it's PA. I Love to take trades from the 68 short or the 32 long.... seems like a higher percentage of success. Anyone else notice that... Feel free to use the yellow line on the TDI if it gives you more confidence. I just never have. I'm wanting your success any way I can help you......

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Quoting eelfranz

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Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.

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Quoting eelfranz

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I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that...

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Quoting emmanuel7788

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{quote} Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts. quote=eelfranz;4666980]Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....

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Quoting emmanuel7788

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{quote} Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....

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Quoting emmanuel7788

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Now its time to answer some PMs requests. Q. Can Big E' 5-Method be used for 5-minute scalping? A. Yes. But I would suggest use Big E same chart template but have the Price Action Channel instead of the 5EMA. And use the Traders Dynamic Index full version i.e. with the yellow MBL and blue band VB. I will post chart examples later.

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Quoting hasib

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{quote} Many senior TMS trader keep emmanuel7788 in their ignore list. I have see few of them too. Because He don't teach what he knows he try to make confusion by posting different kind of gambling EA. If emmanuel7788 took good responsibility and keep sharing his method in his own thread he could be the most respected person in the FF. But it did not happen. ...
when I started posting in this thread one years ago, I thought EMM is good...

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Quoting emmanuel7788

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{quote} those posts by that member were moved to the Recycle Bin... strange unknown reasons. I think those 'secrets of Phx62' were very sensitive in this thread. but to learn how Phx62 trade TMS 5-Method , there are five pdfs compiled by another member here. you will find them in this thread attachments. I have posted links in my old posts. { here } https://www.forexfactory.com/thread/...37#post8401137 when you read those 5 pdfs, the secrets of Phx62 are in the pdfs too. You need to be meticulous to spot the secrets and if you...

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Quoting emmanuel7788

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{quote} Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....
Hey Folks Some of Big E' Daily trading chart example and also Weekly Like he said, give them a try, we start next week and let's make some money together. I'll be sharing potential trade setups and multiple add-on entries like this EurUsd trade and generate additional cash flow for our living expenses. Daily trade charts examples #357 https://www.forexfactory.com/showthr...50#post4577150 #283 https://www.forexfactory.com/showthr...96#post4576096 #4171 https://www.forexfactory.com/showthr...11#post4527311 #3850 https://www.forexfactory.com/showthr...23#post4441523 #3679 https://www.forexfactory.com/showthr...85#post4420885 #3573 https://www.forexfactory.com/showthr...29#post4412229 Weekly trade examples #700 https://www.forexfactory.com/showthr...00#post4582200 #1967 https://www.forexfactory.com/showthr...07#post4605507 {image}

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Quoting tommydoginti

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{quote} Hi Emmanual, Of course it can. The actual TMS rule is it "works on any time frame" It is compatible with the original TMS rules. If one cannot trade TMS on certain timeframe, it is just his skill level or habit, nothing conflicting with the TMS {image}{image}

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Quoting tommydoginti

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{quote} Hi Tekkis, He is a confused trader full of hate and exact revenge to other traders. We are in the thread of Trading System, not Trading Competition. I hope the reason is not because of losing a lot of money due to TMS system just like 2Scoop. If that is the case, I would suggest him to simply leave this thread or forum. Let's get back to why I edited #118567. A SL value shown on chart said "50 pips". From the chart the usual "2-bar H/L SL" was about 40 pips away. Let's go easy and say the initial SL was 30 pips. As seen in post #118444/5,...

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Quoting tommydoginti

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{quote} I have got inquiries on how to find out the Risk:Reward ration on trades of various styles. First, you need to learn what is R and R Multiple R and R Multiple by Dr. Van Tharp (Youtube video) https://www.youtube.com/watch?v=JFuF6M7z1jg {image} Risk (R) is the amount of capital you have to exit to limit your risk. That is the maximum loss for the trade, usually is the initial stop loss. Now, when calculating those non-TMS SE/ME trades, R is the initial stop loss. Phx62, senior member who once mentioned, the emergency SL (50pips)...

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Quoting camron

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Position sizing and risk management were the topics that made me think these days. I had this inner fight between trading a smaller position size and thinking about getting a more precise entry? I noticed when there appears a breakout candle (#1 TMS) then in most cases the 2nd candle touches the 38-50% Fibs of the #1-candle. I just want to know from you guys if I can just place limit orders to get a better fill, reduce risk and make more pips. I backtested it on different timeframes and currencies and saw that the mean of 38-50 ( ~ 44 % ) gives...

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Quoting hasib

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{quote} Do not do your attack, show some of your trade. where is your trade we are posting our trade here. where is your trade.

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Quoting tommydoginti

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{quote} Hi Emnanual, I am afraid that YOU ARE WRONG ONCE AGAIN Phx62, although not posting in recently years, is still a member of FF forum. All his posts are still in their respect threads, including this thread Trading Made Simple. He is one of the most respectable member in FF. His posts were of high quality and being open-minded to accept his mistakes being pointed out by others. There is an obvious difference in quality as a trader and person between you and Phx62. I suggest you also read and...

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