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Trading Made Simple

  • #11,901
  • Edited 5:58am Sep 23, 2011 5:46am | Edited 5:58am
TMS = 1 HOUR

Sell - aud-usd

entry - 0.97450

stop loss - 0.98630

risk - 2%

position size - 0.60
Attached Image (click to enlarge)
Click to Enlarge Name: AUD_usd_0002.gif Size: 37 KB
OPPORTUNITY IS NOWHERE
  • #11,902
  • Sep 23, 2011 6:08am Sep 23, 2011 6:08am
sell gbpusd h1

Attached Image (click to enlarge)
Click to Enlarge Name: 19-gbpusd h1 sell.gif Size: 42 KB
  • #11,903
  • Sep 23, 2011 6:13am Sep 23, 2011 6:13am
Hmm thanks for the reply. How often does the second half come and hit your break even?

Quoting Selecta3000
I think that the decision is to be made individually, every situation will be unique - volatility, news etc. I prefer partially closing position @ ATR or ATRx2 and moving the rest to breakeven to see what the market is going to give me.
  • #11,904
  • Sep 23, 2011 6:16am Sep 23, 2011 6:16am
Tms 1 hour signal

sell - gbp-usd

entry - 1.54160

stop loss - 1.54710

risk - 2%

position size - 1.27
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_usd_0001.gif Size: 29 KB
OPPORTUNITY IS NOWHERE
  • #11,905
  • Sep 23, 2011 6:21am Sep 23, 2011 6:21am
Hi, I'm not critising here I would just like to know your frame of mind when taking this trade. As I saw this set up but saw that the tdi line was starting to flatten out. Also according to your chart it seems to be the third candle and taking a trade there would be going against the rules? Just wondering what you thought, as I'm still trying to learn the method my self.

Aren't you late according to the rules, since it is the

Quoting Callisto
Tms 1 hour signal

sell - gbp-usd

entry - 1.54160

stop loss - 1.54710

risk - 2%

position size - 1.27
  • #11,906
  • Sep 23, 2011 6:23am Sep 23, 2011 6:23am
Btw I realise shorting this pair would be a safer way to go. Just wondering if you would do the same for another pair with the same price action?

Quoting Wbm
Hi, I'm not critising here I would just like to know your frame of mind when taking this trade. As I saw this set up but saw that the tdi line was starting to flatten out. Also according to your chart it seems to be the third candle and taking a trade there would be going against the rules? Just wondering what you thought, as I'm still trying to learn the method my self.

Aren't you late according to the rules, since it is the
  • #11,907
  • Sep 23, 2011 6:38am Sep 23, 2011 6:38am
Quoting Wbm
Btw I realise shorting this pair would be a safer way to go. Just wondering if you would do the same for another pair with the same price action?
YES. scroll down to see today's trade, 3 amigos all active, + NZD-USD
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_0001.gif Size: 39 KB
OPPORTUNITY IS NOWHERE
  • #11,908
  • Sep 23, 2011 6:47am Sep 23, 2011 6:47am
Quoting amiralifx
sell eurusd h1

Attachment

your idea?
Thank you Amirali posting this timely intimation. I made 32 pips after noticing your post. It is like free lunch as I was totally unaware at that time

Thank again and keep posting such useful informations

arasheed
  • #11,909
  • Sep 23, 2011 6:52am Sep 23, 2011 6:52am
Tms = 1 hour

sell - aud-jpy

entry - 74.061

stop loss - 75.240

risk - 2%

position size - 0.46
Attached Image (click to enlarge)
Click to Enlarge Name: aud_jpy_0001.gif Size: 38 KB
OPPORTUNITY IS NOWHERE
  • #11,910
  • Sep 23, 2011 7:02am Sep 23, 2011 7:02am
TMS 1 Hour

SELL - GBP-JPY

ENTRY - 117.48

STOP LOSS - 117.98

RISK - 2%

POSITION SIZE - 1.65

*** NOTE : All these trades can be viewed in Trade Explorer, please read the notes, there is a rogue robot also running, you can tell, they are the position size of 1 lot, read the notes, thanks last entry today
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_jpy_0001.gif Size: 38 KB
OPPORTUNITY IS NOWHERE
  • #11,911
  • Sep 23, 2011 7:07am Sep 23, 2011 7:07am
Just started reading this thread read 86 pages so far, ty for posting your strategy, just made 70 pips on a Sell 1H EU

http://img718.imageshack.us/img718/8761/trademv.png

looking forward to read the next 700 pages hahaha
  • #11,912
  • Sep 23, 2011 8:02am Sep 23, 2011 8:02am
Quoting FiNaLWaR
Just started reading this thread read 86 pages so far, ty for posting your strategy, just made 70 pips on a Sell 1H EU

http://img718.imageshack.us/img718/8761/trademv.png

looking forward to read the next 700 pages hahaha
I admire you're discipline. I actually found a PDF that boiled down all of Big E's posts. Anyways go for it.

Happy Pippin!!
  • #11,913
  • Sep 23, 2011 8:16am Sep 23, 2011 8:16am
Quoting Callisto
sell - eur-usd
... and sell gbpusd, aususd and nzdusd.

So let me make sure I've got this right. Your money management plan is to risk 2% of account per trade right? Yet you place four ***usd trades, thus risking 8% of your account on the movement of one currency?

You've obviously read about risk management, but are you sure you understand the concept?
  • #11,914
  • Sep 23, 2011 8:34am Sep 23, 2011 8:34am
Quoting DaveUK
... and sell gbpusd, eurusd and nzdusd.

So let me make sure I've got this right. Your money management plan is to risk 2% of account per trade right? Yet you place four ***usd trades, thus risking 8% of your account on the movement of one currency?

You've obviously read about risk management, but are you sure you understand the concept?
Yes, Dave, thank you for your kind comments. I think you are referring to correlation, right?

The idea here is to build a database of trades taken on a the 1 hour TMS signals during London / New York trading session.

From that, I can do some analysis, is it 50-50 win-loss, 60-40 win-loss, etc, understand the concept? Do trades hit the take profits; how far do the trades go; I see many questions on what to use, just trying to provide real time charts and trades, not to worried about being 8% total risk.

Using money management is just to show others how it could be done, and much better than just placing a 1 lot trade. We can go to 1% of account if that is a better option, or how do you suggest to do it?

Right now the signals are all hooked over and not looking good, so maybe the 4 Hour will prevail today.

Looking forward to more of your advice.
OPPORTUNITY IS NOWHERE
  • #11,915
  • Sep 23, 2011 8:53am Sep 23, 2011 8:53am
ALL trades have now given a signal in the other direction, several close to being stopped out, have to leave the office now, will monitor later and if report how it all turns out, good luck to all, have a nice week-end
OPPORTUNITY IS NOWHERE
  • #11,916
  • Sep 23, 2011 9:33am Sep 23, 2011 9:33am
Quoting Callisto
Using money management is just to show others how it could be done, and much better than just placing a 1 lot trade.
Ah I see. So you are advising others on money management, yet have never put that advice into practice on a live account yourself? Or even on a demo account, so it seems?

Interesting.
  • #11,917
  • Sep 23, 2011 9:42am Sep 23, 2011 9:42am
Quoting Callisto
And you are ??? Really, your opinion you mean, let the people decide then, you don't speak for them.

Am I the only one that can see how ridiculouly funny this statement is ?

Callisto, I reported you and your twin brother Erebus to the moderators. I'm not very happy about that, but I'll do it again if I have to.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,918
  • Sep 23, 2011 9:49am Sep 23, 2011 9:49am
Quoting Callisto
ALL trades have now given a signal in the other direction, several close to being stopped out, have to leave the office now, will monitor later and if report how it all turns out, good luck to all, have a nice week-end
It isn't even funny. He/she doesn't have any idea how to trade TMS the right way (the Big E's way), takes any TDI cross he/she sees, tries to use the thread as a signal service, converts TMS into basket trading, his/her Trade Explorer shows the equity is down 27% this week and yet he/she is still here and gives the advices and criticizes people who follow the rules. The nerve some people got!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,919
  • Sep 23, 2011 9:52am Sep 23, 2011 9:52am
E/Y +25 pips
E/$ +36 pips
$/Y -3 pips (decided to exit early)

Currently long E/$ at 1.35114, +26, SL at BE

First day on my live account - pretty good start
  • #11,920
  • Sep 23, 2011 10:01am Sep 23, 2011 10:01am
Quoting DaveUK
have never put that advice into practice on a live account yourself? Or even on a demo account, so it seems?
Yes, that's why his/her demo account has 73.1% drawdown, that's why he/she started on June 3 with $10,000 and went down to $1,160 by July 15 (and after that deposited additional $8,800 to make it look nice)

Quoting DaveUK
Ah I see. So you are advising others on money management, yet have never put that advice into practice on a live account yourself? Or even on a demo account, so it seems?

Interesting.
DaveUK, it's a hopeless case. The trader either got it or never get it. He/she will never get it.
Gentlemen always play by the rules. If they can't, they change the rules.
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