Trading Made Simple

Quoting emmanuel7788

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{quote} It is better to learn how to trade using risk 'R' per trade and using as the R-Multiple to exit your trades. Different currency pairs have different $value per pip and also different volatility. Example UJ today, - the setup candle is rather huge therefore the initial Stop Loss is also large in pips. BUT, if you risk $500 for this trade, the Position Size would be much smaller. The same risk $500 for this trade. To have a Statistical Edge, your trades must have an above average +2R. IF you can consistently average between +2R and +3R for...

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Quoting Donsama

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NFP day > The Only time Traders Go From Confident analysts to religious prayer warriors.

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Quoting eelfranz

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///I trade the US Open first 2-3 hours on the 1 hr charts and then pretty much don't trade again until 10pm my time (2 hours before the London Open) and then it's on the 4 hr charts. I check any trades at 2am my time (Pacific) and then close all 4 hr trades at 6am my time.... and switch to hourly charts again. Some days I don't trade like Sunday or Friday.

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Quoting eelfranz

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///. If I do any day trading I'll use 1hr charts at news time. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor... I hate to monitor charts anyway. Even if I scalp the market I use 4hr charts with success.... 4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits... The key to building confidence...

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Quoting emmanuel7788

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{quote} Yes. Today is NFP and we do not trade the 4Hr on Friday. #7622 {quote} then we have post #11, we trade the 1Hr around news time. {quote} ...

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Quoting ENoris

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{quote} /// 1) How to identifying these market types -- Trending Market -- Sideways Wide Range -- Sideways Narrow Range . /// EN

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Quoting emmanuel7788

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TMS traders, take a few lessons from the geese. https://www.youtube.com/watch?v=UdEjL9bVcCM you never fly alone, you never trade alone..

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Quoting emmanuel7788

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{quote} a blast from the past: TMS traders, you are not alone in this thread. Learn from the geese and why they fly in V-formation. https://youtu.be/UdEjL9bVcCM AS traders we are all in the learning journey... its our migration ... we get there when we all reach there in one formation... ...

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Quoting SF422

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{quote} Hi Emmanuel What difference, if any is there between the TDI in post #25 and the TDI provided on the Compass FX website? Sam

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Quoting emmanuel7788

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{quote} Hi Sam The TDI in post #25 is the same TDI which Big E downloaded from CompassFX back in 2005/2006. He was a paid subscriber back then. There are several version since 2007 but Big E kept to using that version in post#25. The difference was explained by Dean Malone in his trading room. If you know the 5-Method and trade based on price action + MOMENTUM, then this version in post#25 will work better. The best way to learn this is to place different versions on the same chart and you can learn to read the candles and compare the TDI versions...

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Quoting ZapPow

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Hi Emmanuel, With Synergy_APB candles, it's hard to see open/close. Your candles are much easier to determine price movement within the candle. Would you mind please sharing it? Thanks. -ZP

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Quoting SF422

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Looks like one in Post #25 is the one from Compass Fx Thanks for the clarification

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Quoting emmanuel7788

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{quote} UJ Apr03 UPDATE: - exit at +3R is also good timing as the market will be quiet as usual for day trading {image} ... {image}

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Quoting tmostafa007

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{quote} Hi Emmanuel, can you please share your Fibo settings thanks

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Quoting emmanuel7788

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{quote} both TDI versions are from CompassFX downloaded at different times depending when you read the OP posts telling people to do so. those who downloaded after Jan 2008 all have different versions and they all struggled to trade TMS here following the OP posts and rules. Now you know why people lost money here. ...

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Quoting NolanFelix

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Hey Emmanuel, I hope you're doing well. After looking at how the different currency pairs moved today, I realized I still need a better grasp of this trading method. Even though I've learned many rules from back, I'm finding it difficult to identify good trading opportunities. It often feels like there are no suitable trades because of things like small candles, price near range and candle 4-5. This makes me hesitate and skip potential trades repeatedly. Could you please explain the process of entering trades more clearly? Specifically, could you...

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Quoting SF422

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{quote} "Now you know why people lost money here." I see, was not aware of that, downloaded this version last month labeled Compass FX and not TDI Red Green {image}

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Quoting tmostafa007

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Hey Emmanuel, I know I’ve been asking you a lot of questions lately, and I hope I’m not bothering you —I really appreciate your time and support. I just have one more request. Could you please explain, with an example, how you do your top-down analysis and identify an entry? This part is still a bit unclear for me, and it would mean a lot if you could walk me through it. For example, let’s say you’re analyzing EURUSD—you start from the weekly, then move to daily, and finally take the trade on H4 or H1. What exactly are you looking...

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