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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

Quoting emmanuel7788
{quote} EU Week02 Jan 06 to Jan 11 - sideways market condition with WCC - TMS 5-Method with MEME basic - sell only , FMC=1 {image} ...
Hi Emmanuel,

At the end of the week you close all the transactions, even if next week we still have the same FMC?
Also, what is the technical analysis behind the choice of fmc?
Quoting emmanuel7788
{quote} EU Week02 Jan 06 to Jan 11 - sideways market condition with WCC - TMS 5-Method with MEME basic - sell only , FMC=1 {image} ...
Yeah I thought short was good as well. Unfortunately, didn't go that way and hit my SL.

BTW what does FMC mean?
Quoting shertiger
{quote} Yeah I thought short was good as well. Unfortunately, didn't go that way and hit my SL. BTW what does FMC mean?

> Learn from the OP how he traded the weekly chart?


#700
https://www.forexfactory.com/showthr...00#post4582200

#1967
https://www.forexfactory.com/showthr...07#post4605507

#2089
https://www.forexfactory.com/thread/...50#post4607950

> develop your own winning systems with simple rules for entries and exits, and with different money management strategies to grow your trading accounts,...

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting shertiger
{quote} BTW what does FMC mean?
FMC = Forced Market Condition

it is the traders' trading decision after considering the Market Type conditions in his Trade Plan.

FMC=0 buy only
FMC=1 sell only

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting moraru28
{quote} Hi Emmanuel, At the end of the week you close all the transactions, even if next week we still have the same FMC? Also, what is the technical analysis behind the choice of fmc?
based on the OP' posts, for example in his post #7612 we do not close all trades at the end of the week.

in TMS EVO, we use the Weekly Top Down Analysis to determine the Market Type conditions and the FMC for the trading week.

you need to know the Big Picture of the market and also these three :
- Fundamentals
- Market Sentiments
- Technicals

Example EURUSD Week 02 Weekly

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan07 Big Picture Weekly 7-1-2025 9-42-33 am.png Size: 23 KB



..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} EU Week02 Jan 06 to Jan 11 - sideways market condition with WCC - TMS 5-Method with MEME basic - sell only , FMC=1 {image} ...
Hi Emmanuel,
I did not open any positions until now because of strong reversal of Monday`s day candle. it is high possibility that another WCC candle formed.
do you think it is right or not to open SELL MEs now?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 34 KB
January 08, 2025


Fact:

Most TMS traders here lose money in the last 15 years.

Why 99% of retail traders lose money click { here }

and FF distinguish member @hanover gave a long list of 35 reasons >> click { here }

For those who are in the 99% of losers here trading with TDI, you will find the reasons why you will still be losing money with the TDI.

Big E the OP did mention one reason in one of his post.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting kevinfeng
{quote} Hi Emmanuel, I did not open any positions until now because of strong reversal of Monday`s day candle. it is high possibility that another WCC candle formed. do you think it is right or not to open SELL MEs now? {image}
EU Jan 08 Week 02, UPDATE Tokyo 2pm

the Week 01 candle has the control

the Market Type has not changed so TMS EVO traders remain in the sell mode, FMC=1

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jaun08 Weekly sell 8-1-2025 1-42-39 pm.png Size: 22 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Friday Jan10

- first NFP of the year,

- dollar bulls

Attached Image (click to enlarge)
Click to Enlarge Name: FF Cal NFP Jan09 10-1-2025 10-26-28 am.png Size: 14 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
EURUSD Sell 26 pips profit
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 41 KB


EURJPY Sell 19 pips profit
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 47 KB
Quoting emmanuel7788
{quote} EU Jan 08 Week 02, UPDATE Tokyo 2pm the Week 01 candle has the control the Market Type has not changed so TMS EVO traders remain in the sell mode, FMC=1 {image} ...
Hi emmanuel
thank you for your help.
i got some pips on EURUSD this week too. i expected to a big SHORT swing after the NFP on Fraiday eveving so that let profit run but failed. so i closed all ME positions and left.
1.the Week 01 candle has the control 2.the Market Type has not changed so TMS EVO traders remain in the sell mode, FMC=1
i understand point 1:another WCC confirmed and has the control. but about point 2 i feel confused:the price is on the BOTTOM of the WCC, Trading with MEME will becaome more risky if price can not break out the WCC? or do you mean the MARKET TYPE is still SHORT TREND not WIDE Consolidation？
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDcH420250105.png Size: 40 KB
what brocker do you guys use ,i need help with a good and reliable brocker please
Week 03 Trading Plan:
1.EURUSD
2.GBPJPY
3.NZDCAD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYWeekly03.png Size: 34 KB
Click to Enlarge Name: NZDCADWeek03.png Size: 32 KB
Quoting kevinfeng
{quote} Hi emmanuel thank you for your help. i got some pips on EURUSD this week too. i expected to a big SHORT swing after the NFP on Fraiday eveving so that let profit run but failed. so i closed all ME positions and left. 1.the Week 01 candle has the control 2.the Market Type has not changed so TMS EVO traders remain in the sell mode, FMC=1 i understand point 1:another WCC confirmed and has the control. but about point 2 i feel confused:the price is on the BOTTOM of the WCC, Trading with MEME will becaome more risky if price can not break out...
Looking at your large candles indicator there, which is the weekly candle, something must be off with that because the close of the last weekly candle that printed on your chart closed a lot lower than that is showing. (pink candle)
Quoting lynnc
{quote}Looking at your large candles indicator there, which is the weekly candle, something must be off with that because the close of the last weekly candle that printed on your chart closed a lot lower than that is showing. (pink candle)
@lynnc

You got that wrong again. You have no clue what the Weekly pink candles are.

Better you stick to what you know in your own trading and charts.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting kevinfeng
{quote} Hi emmanuel thank you for your help. i got some pips on EURUSD this week too. i expected to a big SHORT swing after the NFP on Fraiday eveving so that let profit run but failed. so i closed all ME positions and left. 1.the Week 01 candle has the control 2.the Market Type has not changed so TMS EVO traders remain in the sell mode, FMC=1 i understand point 1:another WCC confirmed and has the control. but about point 2 i feel confused:the price is on the BOTTOM of the WCC, Trading with MEME will becaome more risky if price can not break out...
@kevinfeng.

Trading with TMS MEME and TME EVO in that situation will not make it more risky. The key is to get the best average entry price AEP with multiple entries and proper use of trade position size to build up a basket of trades, then manage the exits with the AEP.

You still need to a lot of knowledge of the market and money management strategies, and lot more trading experience trading in real time live market environment. You will become better with a few years trading experience.

EURUSD Week 03, Jan 13 to 17

- continue with TMS MEME and TMS EVO sell only.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jan10 trades closed 12-1-2025 7-15-50 pm.png Size: 23 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting kevinfeng
Week 03 Trading Plan: 1.EURUSD 2.GBPJPY 3.NZDCAD {image} {image}

@kevinfeng

It is important to know the SYSTEM STRATEGY here and using OP' 5-Method.
The SYSTEM STRATEGY is trade multiple currency pairs in the same trading week.
Pick any 5 pairs from the group 1 to 6. Pick only one pair from each group.
Group 7 is optional unless you are following TMS_EVO_IX in 2025/2026/2027 3 years trading cycle.

Trading Pairs – Seven(7) Groups w.e.f 2024/2025/2026

Group#1
AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
NZDUSD

Group#2
EURAUD
EURNZD
EURCAD
EURCHF
EURGBP***

Group#3
GBPAUD
GBPNZD
GBPCAD
GBPCHF

Group#4
USDJPY
AUDJPY
EURJPY
GBPJPY
NZDJPY
CADJPY
CHFJPY
SGDJPY

Group#5
AUDCAD
AUDNZD
NZDCAD

Group#6
AUDSGD
EURSGD
GBPSGD
USDSGD
NZDSGD

Group#7
DOW US30
S&P500
NASDAQ
BTCUSD
XAUUSD


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting lynnc
{quote}Looking at your large candles indicator there, which is the weekly candle, something must be off with that because the close of the last weekly candle that printed on your chart closed a lot lower than that is showing. (pink candle)
the Pink candle printed is WEEK HEIKEN ASHI candle, it shows the momentum of week.
Ive read through only the first 10 pages or so of this thread. If im jumping the gun here on asking for the update on which indicators to use then so be it. But im curious to follow along the lessons learned through all of the pages with the indicators running on a chart on a side monitor. As ive read through the posts, it seems the indicators have updated through time (ofcourse) Any links to the updated Indicators used in This simple method would be greatly appreciated and will help with learning and following along. Its easier to remember information when i can correlate it to a chart next to me using those indicators and looking at what they are able to look at. I find that i learn stuff and take notes on page one. Then page two comes and my heads full of clouds, learning so much so quickly. SO GLAD i stumbled upon this thread. Ive been trying to learn bill williams indicators and how they all work together But for right now i need to keep it simple while i get an understanding of the market. This thread seems to align with my thinking that way.
Any tips or helpful information is greatly appreciated!
Kind regards!
-Webb1003
Quoting kevinfeng
{quote} the Pink candle printed is WEEK HEIKEN ASHI candle, it shows the momentum of week.
Aah ok thanks I didn't realise it was the HA candle
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