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Trading Made Simple

  • #20,241
  • Jun 4, 2013 2:57am Jun 4, 2013 2:57am
Quoting emmanuel7788
{quote} sorry, but I have to say this now: To trade the Phx62 way, you need to clone his brain into yours. You do not know that he is a financially independent person and this make a huge psychological difference in how he trades and how another trades. He EU trades are usually SL 50pips and TP 50pips and he does this becasue he know his entries are very good timed and he has a very high win rate and that justify a R:R 1:1 type os risk management. But you do need to know how good your entries are to be able to trade his way. How to know? Well that...
absolutely correct.
  • #20,242
  • Jun 4, 2013 2:59am Jun 4, 2013 2:59am
Quoting Amirsaid
{quote} hi MANUEL HAVE A GOOD WEEK AND THANKS FOR SHARING YOU ANALYSE WITH US LAST WEEK YOU ASKED ABOUT SCALPING AND POST HERE Post# 20,100 and i answered you here http://www.forexfactory.com/showthre...02#post6719002

Hello Amirsaid,

Sorry, for some reasons i missed completely your posts. Now reading them again and puuting your trades on my charts, I do see something peculiar.... which is good.

The use of TDI PL cross MBL is nice, but Dean Malone recently started to sell his D.O.T.S system which is a good method I see simulating that on my charts. I am still studying and looking for more efficent method to trade intraday other than TOK_5H and some M15 scalping.

Good work you done with M5.

Trade Well my friend, make more money.

Regards
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,243
  • Jun 4, 2013 3:09am Jun 4, 2013 3:09am
Quoting emmanuel7788
{quote} I am sort of done too for today scalping the Yen pairs on M15. Those Redc Bull drink sure help keep me awake for hours. Now need to catch up some lost sleep. BTW, I just finish coding a "TMS M15 Scalper" to use on our chart to help with M15 scalpers. If anyone interested to help me test this new 'tool', let me know and I can either post it here or you can PM me with your email. Looks like this below to scalp the Yen volatile pairs. {image}
Red Bull gives you wing!!
btw, did you notice how EU haven't move much yet. specially with such a good unemployment data, it refuses to climb.
also the giant pullback on both EJ and GJ.
maybe there is more opportunity for today. question is...catch them or sleep...temptation on both end.
Daniel
  • #20,244
  • Jun 4, 2013 3:25am Jun 4, 2013 3:25am
Quoting Greenb
{quote} Red Bull gives you wing!! btw, did you notice how EU haven't move much yet. specially with such a good unemployment data, it refuses to climb. also the giant pullback on both EJ and GJ. maybe there is more opportunity for today. question is...catch them or sleep...temptation on both end.

me sleep more important now.
when I wake up, market will still be there for me to trade.

Zzzzzzzzzzzzzzzzzzzzzz...............
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,245
  • Jun 4, 2013 3:44am Jun 4, 2013 3:44am
Quoting emmanuel7788
{quote} I am sort of done too for today scalping the Yen pairs on M15. Those Redc Bull drink sure help keep me awake for hours. Now need to catch up some lost sleep. BTW, I just finish coding a "TMS M15 Scalper" to use on our chart to help with M15 scalpers. If anyone interested to help me test this new 'tool', let me know and I can either post it here or you can PM me with your email. Looks like this below to scalp the Yen volatile pairs. {image}
Hi Emmanuel,

I'm still a freshie to this forum. As such i am unable to PM you. I am also not sure whether posting my email address would be breaking the rules.

Hope that you can post a link where i can download and help u test the new 'tool'.
  • #20,246
  • Jun 4, 2013 4:49am Jun 4, 2013 4:49am
Quoting Pipsmurfer
{quote} Rosiew 7, You can see your server time when you open the Market Watch window. {image}

Pipsmurfer,


That's great, thanks for the tip.

regards,
Rosemary
  • #20,247
  • Jun 4, 2013 5:24am Jun 4, 2013 5:24am
Looking at this possible reversal trade on GY.

Good price action, near R level, with bearish pin bar followed by doji..
Attached Image (click to enlarge)
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  • #20,248
  • Jun 4, 2013 5:27am Jun 4, 2013 5:27am
Emmanuel, I can help you test the tool
  • #20,249
  • Jun 4, 2013 7:39am Jun 4, 2013 7:39am
Quoting emmanuel7788
{quote} I am sort of done too for today scalping the Yen pairs on M15. Those Redc Bull drink sure help keep me awake for hours. Now need to catch up some lost sleep. BTW, I just finish coding a "TMS M15 Scalper" to use on our chart to help with M15 scalpers. If anyone interested to help me test this new 'tool', let me know and I can either post it here or you can PM me with your email. Looks like this below to scalp the Yen volatile pairs. {image}
Hi Emmanuel7788,

As for your Scalping tool, it will be better to post it here and any instructions on how it works included. This will mean that you don't get so much PM's and also others can help other traders with it. Also, I have to say a million thanks to you for your efforts indeed. I have been lurking in the shadows for a long time but following this thread from when Big E was around and can see you have done a good job in letting this thread live on after BIG E's depature to the GREAT UNKNOWN as it were.

Just my two pips worth
Born to rule my Economic World and Make a Difference!
  • #20,250
  • Jun 4, 2013 7:56am Jun 4, 2013 7:56am
Quoting Amirsaid
{quote} HERE YOU ARE FOR TODAY ONLY GBP USD COZ OF THE NEW I WAS OUT AND FAR FROM EU http://charts.mql5.com/1/680/gbpusd-...s-europe-3.png {image}
Really intrigued by your use of the TDI this way. If you could, would you PM me with the details of your rules for this method and what your experience has been to date using this set up.

Many thanks
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #20,251
  • Jun 4, 2013 8:25am Jun 4, 2013 8:25am
emmanuel7788
Quote
But you do need to know how good your entries are to be able to trade his way. How to know? Well that simple - do 100 trades using MT4, and analyse your trades. Then continue to the next 100 trades, then another 100 trades, by the total 300 trades you will get a good picture of how good your entries were and how good you are at managing your trade exits.

This is the best advice one can receive. It takes hours of testing and practice to have the confidence in your ability as well as your trading system.

This is the work traders need most but do the least.

Great comment and mentoring advice emmanuel7788!

All the best.

dcginc
  • #20,252
  • Jun 4, 2013 11:01am Jun 4, 2013 11:01am
hi guys traded this system today for the first time , au + 50, uj+27, eu-17 nice, system seems to be an aggressive version of dean malones. has this thread evolved and changed from page one or are you guys still trading as per the initial rules? this has been a nice away from the screen day- stress free thanks guys
  • #20,253
  • Jun 4, 2013 12:57pm Jun 4, 2013 12:57pm
Hi Traders,
I am back in treading and in this thread. Unfortunately my computer had a damaged harddisk, so i was unable to post my trades here.
Today I made a trade in EU H1. The Trade wasn´t good, so i post it here for you to check it.
What was my mistake in the Trade. I entered in 1,3063, my SL was 1,3099 and my TP was 1,3046.

@therryberry: Very good question. Its not possible for a trader to read more than 1000 sites. Perhaps we could make a summary of the development of the strategy.

Best regards from Germany,
FX94
Attached Image (click to enlarge)
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  • #20,254
  • Jun 4, 2013 1:29pm Jun 4, 2013 1:29pm
Quoting Fx94
Hi Traders, I am back in treading and in this thread. Unfortunately my computer had a damaged harddisk, so i was unable to post my trades here. Today I made a trade in EU H1. The Trade wasn´t good, so i post it here for you to check it. What was my mistake in the Trade. I entered in 1,3063, my SL was 1,3099 and my TP was 1,3046. @therryberry: Very good question. Its not possible for a trader to read more than 1000 sites. Perhaps we could make a summary of the development of the strategy. Best regards from Germany, FX94 {image}
Hi Fellow,

As you trade watch your Risk / Reward as your graph shows that your SL is more than your TP. Keep that in mind as it matters in your quest for worl dormination in Forex.

Just my two pips worth.
Born to rule my Economic World and Make a Difference!
  • #20,255
  • Jun 4, 2013 1:35pm Jun 4, 2013 1:35pm
hi fx94
initial rules for the system state do not trade the third candle, maybe this was the problem.
regards terryberry
  • #20,256
  • Jun 4, 2013 1:42pm Jun 4, 2013 1:42pm
Quoting Fx94
Hi Traders, I am back in treading and in this thread. Unfortunately my computer had a damaged harddisk, so i was unable to post my trades here. Today I made a trade in EU H1. The Trade wasn´t good, so i post it here for you to check it. What was my mistake in the Trade. I entered in 1,3063, my SL was 1,3099 and my TP was 1,3046. @therryberry: Very good question. Its not possible for a trader to read more than 1000 sites. Perhaps we could make a summary of the development of the strategy. Best regards from Germany, FX94 {image}
...counter trend is not my friend!

Greetings from Stuttgart... :-)

Cheers Bernhard
  • #20,257
  • Jun 4, 2013 4:34pm Jun 4, 2013 4:34pm
Quoting emmanuel7788
{quote} sorry, but I have to say this now: To trade the Phx62 way, you need to clone his brain into yours. You do not know that he is a financially independent person and this make a huge psychological difference in how he trades and how another trades. He EU trades are usually SL 50pips and TP 50pips and he does this becasue he know his entries are very good timed and he has a very high win rate and that justify a R:R 1:1 type os risk management. But you do need to know how good your entries are to be able to trade his way. How to know? Well that...
Sir....you presume to know a lot about my brain and my psyche when in fact you know very little about that, at all. There is no need to clone my brain or copy me in any way. I put my pants on one leg at a time just like the rest of you and I am not financially independent. I am a working man and have been all my life, having come from a hard working poor to middle class family, and I have a fairly large family of my own to support and a family business to manage (along with other members of our family). We live comfortably but we are not wealthy, by any means.
Like many of you, I have taken information about trading Forex from several sources and added that to the simple trading process outlined by Big E and developed a trading plan that works for me. It is a very simple plan and not nearly as complicated as the charts and research done by you, Emmanuel. I do not expect anyone to trade the same way I do. Each person must develop a plan that works for them and you are correct.....study, testing and independent study are crucial to anyone who wants to succeed in Forex. My purpose for sharing charts and explanations has been to help some who are struggling, to understand that keeping it simple makes it easier to trade. You have developed a plan that works for you and have gone to great lengths to promote that plan. I will leave you to it and will not bother to interject anything into this thread that makes you feel uncomfortable or threatened. I have plenty of other things to keep me busy. Good luck to you, sir.
  • #20,258
  • Jun 4, 2013 5:37pm Jun 4, 2013 5:37pm
Quoting emmanuel7788
{quote} hello amirsaid, sorry, for some reasons i missed completely your posts. Now reading them again and puuting your trades on my charts, i do see something peculiar.... Which is good. The use of tdi pl cross mbl is nice, but dean malone recently started to sell his d.o.t.s system which is a good method i see simulating that on my charts. I am still studying and looking for more efficent method to trade intraday other than tok_5h and some m15 scalping. Good work you done with m5. Trade well my friend, make more money. Regards emmanuel


hi manuel do you know any thread talking about dots system or showing his indicator to see how is it

thanks
  • #20,259
  • Jun 4, 2013 5:50pm Jun 4, 2013 5:50pm
Quoting Phx62
{quote} Sir....you presume to know a lot about my brain and my psyche when in fact you know very little about that, at all. There is no need to clone my brain or copy me in any way. I put my pants on one leg at a time just like the rest of you and I am not financially independent. I am a working man and have been all my life, having come from a hard working poor to middle class family, and I have a fairly large family of my own to support and a family business to manage (along with other members of our family). We live comfortably but we are not...
Phx62,

With all respect to you and your trading skills. All every trader has done on this thread is give you a alot of Credit for how you have mastered your Tading Craft.
This has meant that some traders want to be able to read the FX market as well as you do, hence the utterances of wanting to "Clone your Brain" was made. I do not see why in any way shape or form you should be taking offence to that, you should be honored at such utterances to say the least and be humble as opposed to attacking any one for giving you credit.

Emmanuel7788 has been one of the most helpful a trader I have come accross on this thread and therefore I dissagree with your point and arguement Phx62, with no reservatons. There is nothing Emmanuel7788 has said in his comments that would have warranted such a reaction from you. Read his comments in context, all he was trying to point out was how much a time and effort one has to put in before mastering and understanding the art of the Forex Market dynamics that is all. There is no where in his text he intedended to offend you.

Please, go back and look at this thread as it is full of his comments and support for any one that wants assistance. He does not in any way shape or form deserve such rude and arrogant comment from you.

If you do not want to be part of this thread or do not want to contribute any more to it, it will be a shame as your comments and charts will surely be missed but trading will continue as a choosen endeavor by some traders here including myself.

If credit is given to you, graciously accept it in all humility.

No offence intended and none taken either.

Just my two pips worth.
Born to rule my Economic World and Make a Difference!
  • #20,260
  • Jun 4, 2013 8:23pm Jun 4, 2013 8:23pm
Probably all a misunderstanding
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GanharDinhei