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Trading Made Simple

  • #22,721
  • Aug 2, 2013 9:27am Aug 2, 2013 9:27am
Hello guys,

I'm new to FF and its TMS that caught my attention and that's why i am reading this thread very closely. It was sad to me to learn that Big E had passed away, but that's life. His efforts and kind heart towards other people will never be forgiven. Besides, Emmanuel has just left this thread. I only hope there are still traders who will help newbies like me in TMS strategy and it will go on. I am just sucking in all the info, head's spinning, only started to try it on Demo, but that's the beginning, i do really want to master this method and become successful. Wish you guys will help with advices and live talk! Don't quit this thread! Keep it going!
  • #22,722
  • Aug 2, 2013 9:55am Aug 2, 2013 9:55am
Quoting emmanuel7788
Hello folks, This week is my last week posting in this thread. This has not been an easy decision as I have made many friends here and some have gone a long way with me in Forex Factory. I will be starting a new project in system development next week with a few active TMS traders. Therefore will not have the time to follow TMS here and help new traders wanting to learn to trade. I hope some of you will continue to share and help others here. I will drop to read this thread ocassionally to see how you all are progressing and also check my PM box....
Emmanuel,

All the best to you. Thank you very much for the time, patience and work you have put into teaching people successfull trading. I am sure many of us will think back to what you have passed on in this thread if we make it to be profitable traders one day.

Godspeed with your new project and hope to still see you on the thread or FF now and then.

haff
  • #22,723
  • Aug 2, 2013 11:18am Aug 2, 2013 11:18am
Emmanuel - best of luck to you in your new venture, keep us posted or start a new thread as to what it is and how it is going. A lot of work I'm sure but a new challenge can be energizing. piprac
  • #22,724
  • Edited 5:07pm Aug 2, 2013 3:41pm | Edited 5:07pm
Emmanuel.....good luck in your new venture.....you will be missed on this thread....you have a kind heart and have been very helpful to many traders....you will be missed.
One GU H1 trade today....taken at LO....it did not hit my 50 pip TP before the NFP release.....upon the release, price came down but did not hit my BE point and then moved back up.....I moved my TP to 100...which was hit....
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.8.2 ej h1.png Size: 43 KB
  • #22,725
  • Aug 2, 2013 3:49pm Aug 2, 2013 3:49pm
Quoting Phx62
Emmanuel.....good luck in your new venture.....you will be missed on this thread....you have a kind heart and have been very helpful to many traders....you will be missed. One EU H1 trade today....taken at LO....it did not hit my 50 pip TP before the NFP release.....upon the release, price came down but did not hit my BE point and then moved back up.....I moved my TP to 100...which was hit....{image}
I think you meant GU haha. Eu was a crap looking h1 imo. Very nice looking GU setup tho. Continuing to study your chart thx.
  • #22,726
  • Aug 2, 2013 5:08pm Aug 2, 2013 5:08pm
Quoting vamp
{quote} I think you meant GU haha. Eu was a crap looking h1 imo. Very nice looking GU setup tho. Continuing to study your chart thx.
Your correct...my error....fixed it in the original post.....thanks.
  • #22,727
  • Aug 3, 2013 12:26am Aug 3, 2013 12:26am
Quoting emmanuel7788
Hello folks, This week is my last week posting in this thread. This has not been an easy decision as I have made many friends here and some have gone a long way with me in Forex Factory. I will be starting a new project in system development next week with a few active TMS traders. Therefore will not have the time to follow TMS here and help new traders wanting to learn to trade. I hope some of you will continue to share and help others here. I will drop to read this thread ocassionally to see how you all are progressing and also check my PM box....
You'll be missed, Emmanuel! Best wish for you...
  • #22,728
  • Aug 3, 2013 12:26am Aug 3, 2013 12:26am
Quoting Phx62
Emmanuel.....good luck in your new venture.....you will be missed on this thread....you have a kind heart and have been very helpful to many traders....you will be missed. One GU H1 trade today....taken at LO....it did not hit my 50 pip TP before the NFP release.....upon the release, price came down but did not hit my BE point and then moved back up.....I moved my TP to 100...which was hit....{image}
Why did you choose to trade this pair today and not the usual JPY ?

Thanks for your chart
I Have Learned to Take Some Losses to Make Profits
  • #22,729
  • Aug 3, 2013 3:14am Aug 3, 2013 3:14am
hello fellow,
how can us know the retracement leg? some time i see tdi cross when maket make a retracement leg, i entry but it reversal in original trend.
  • #22,730
  • Aug 3, 2013 3:52am Aug 3, 2013 3:52am
Quoting longbk
hello fellow, how can us know the retracement leg? some time i see tdi cross when maket make a retracement leg, i entry but it reversal in original trend.
This is normal, retracement with the trend, ie London starts the day with trend up, most likely it will continue for some hours and in between PA usually retrace back a little bit but the trend stays intact and only then when we enter against the trend with the retracement the market pick up and continue with the original trend

Look at Phx62 last trade, London open start the day with a trend up, pa continue for some hours before news comes and huge retrace and falls but the trend stays intact with original trend up and continue after news

Hope my analysis of the situation is correct, still learning though, if not please someone enlighten us
I Have Learned to Take Some Losses to Make Profits
  • #22,731
  • Aug 3, 2013 4:17am Aug 3, 2013 4:17am
Quoting Phx62
{quote} Q1. The green and blue boxes on my screen are indicators that I modified to show the open and close, and the high and low, of the London & NY sessions. The original indicators were created by a guy named hapalkos and he posted them in a Box Breakout thread on FF back in 2007. Google his name or look it up on the member list in this forum and you will find them to download. The indicators were called BreakOut_BOX_4_pre-TOKYO_indicator.mq4 and BreakOut_BOX_4_LONDON_OpeningRange_indicator.mq4...
Thank you for your answer PHX62. What do you think, should i trade about 8 currency pairs, or specialize just for one or two currency pairs ? (for H1 Trading)
I installed the two indicators you posted and i think the work. My broker uses GMT +0 time (IBFX Australia) and i have just the question what period B is?
This times i have set:

London : 7:00 AM GMT - 16:00 AM GMT
New York: 9:00 PM GMT end (Period B end ?)
Assia: 23:00 GMT - 8:00 GMT

I will download the CaveManager from here. Would you give me your settings so i can use them ?

Best Regards,
FX94
Attached Image (click to enlarge)
Click to Enlarge Name: Trading Hours Look.png Size: 50 KB
  • #22,732
  • Aug 3, 2013 10:32am Aug 3, 2013 10:32am
Quoting TheScorpS
{quote} Why did you choose to trade this pair today and not the usual JPY ? Thanks for your chart
As I have stated before, I make my decisions on which of the 4 target pairs to trade on ADR, trends, nearby S/R and pending news announcements. Yesterday I chose the GU to trade because.....a) this time of year many of the market makers are on holiday and market volume is down so the market needs a catalyst to move very much....b) there was only one London session news announcement that might move the market before NPF and that was the GBP Construction PMI high impact news announcement.......c) to gather any pips FOLLOWING NFP, you need to trade a US pair....d) the ADR of GU was near 120 and price had been moving well for the week.
  • #22,733
  • Aug 3, 2013 10:42am Aug 3, 2013 10:42am
Quoting emmanuel7788
Hello folks, This week is my last week posting in this thread. This has not been an easy decision as I have made many friends here and some have gone a long way with me in Forex Factory. I will be starting a new project in system development next week with a few active TMS traders. Therefore will not have the time to follow TMS here and help new traders wanting to learn to trade. I hope some of you will continue to share and help others here. I will drop to read this thread ocassionally to see how you all are progressing and also check my PM box....
Emmanuel - best of luck with the new project - TMS is such a strong trading strategy and it is great to see the thread running so strong for which you deserve a lot of credit for all your work and patience. I think that between your contributions and Phx62's trading results, you have both built on BigE's foundation and taken it to the next level.

Happy pip hunting
"To live with Passion, it takes Courage and Grace to survive"
  • #22,734
  • Aug 3, 2013 10:43am Aug 3, 2013 10:43am
Quoting longbk
hello fellow, how can us know the retracement leg? some time i see tdi cross when maket make a retracement leg, i entry but it reversal in original trend.
The Scorps is right.....take some time and study the market.....it ALWAYS moves in waves just like the picture that Emannuel has posted several times on this thread. Also study how Big E viewed the market. He only expected the market to move 3 to 8 candles in one direction before retracing, regardless of the time frame. Once you get the picture in your head that the market moves in waves, I becomes easier to trade it.
  • #22,735
  • Aug 3, 2013 11:14am Aug 3, 2013 11:14am
Quoting Fx94
{quote} Thank you for your answer PHX62. What do you think, should i trade about 8 currency pairs, or specialize just for one or two currency pairs ? (for H1 Trading) I installed the two indicators you posted and i think the work. My broker uses GMT +0 time (IBFX Australia) and i have just the question what period B is? This times i have set: London : 7:00 AM GMT - 16:00 AM GMT New York: 9:00 PM GMT end (Period B end ?) Assia: 23:00 GMT - 8:00 GMT I will download the CaveManager from here. Would you give me your settings so i can use them ? Best...
I learned to trade by focusing on only one pair (EU) for almost 2 years.....I tried to learn everything I could about how the pair moved, what caused changes in that movement, times to trade and times to stay out of the market....back tested and forward tested for hundreds of hours.....etc. From there, I branched out to another pair and finally, now have 4 pairs on my platform. You will have to decide what works best for you.
On the Breakout Boxes, period B is for the session closing......put in the time the market closes on your platform and if it the same day as the open, put 0 after nextDayB....if the close ends on the next day on your platform, put 1.
CaveManager......you will have to set the time and day information for your location. I only use a couple of pieces of the manager.....Capital Protection is set to true with 21 as the number.....once price gets past 21 pips, the SL then moves to BE. I have my SL and TP set at 50 each. And finally, I have the Trail By Candle set to true with the pips behind candle at 10 and Activate After Pips set to 16 and the EA is on my M15 chart, which is also open next to my H1 chart. The EA trails 10 pips behind the previous candle but not the APB candles....it trails the JAPANESE candle lows or highs. Then at the end of the setups, I have located the EA on my chart at Xshift 15 and Yshift at 190 with Show Status at true.....you can make whatever you want. Everything else is set to false.
  • #22,736
  • Aug 3, 2013 8:40pm Aug 3, 2013 8:40pm
Quoting Forexcube
{quote} Hi Numb3rs! Could you upload an*.mq4-file please? Thanks! Fxcube



Hi! To:- Forexcube, your Chart EU M5 looks impressive with TDI & STO 833. As for the MA/EMA, may I confirm with you , is it MA5, thanks....happy & success trading, Bye, keep in touch , keep posts alive !! thank you. Bye
  • #22,737
  • Aug 4, 2013 2:28am Aug 4, 2013 2:28am
Quoting Phx62
{quote} I learned to trade by focusing on only one pair (EU) for almost 2 years.....I tried to learn everything I could about how the pair moved, what caused changes in that movement, times to trade and times to stay out of the market....back tested and forward tested for hundreds of hours.....etc. From there, I branched out to another pair and finally, now have 4 pairs on my platform. You will have to decide what works best for you. On the Breakout Boxes, period B is for the session closing......put in the time the market closes on your platform...
Thanks Phx62, these information are valuable, still though don't know how to use an EA, never have before since am quit new to Forex, but since I hear a lot about this EA, am planning to incorporate it in my trading in the near future, and thanks for your explanation about GU and why you select it
I Have Learned to Take Some Losses to Make Profits
  • #22,738
  • Aug 4, 2013 5:21am Aug 4, 2013 5:21am
Thanks Emmanuel for all your unselfish contribution to help so many!

You are a good man and I'll always be grateful.

Cheers till next time

"Emmanuel"





Quoting emmanuel7788
Hello folks, This week is my last week posting in this thread. This has not been an easy decision as I have made many friends here and some have gone a long way with me in Forex Factory. I will be starting a new project in system development next week with a few active TMS traders. Therefore will not have the time to follow TMS here and help new traders wanting to learn to trade. I hope some of you will continue to share and help others here. I will drop to read this thread ocassionally to see how you all are progressing and also check my PM box....
  • #22,739
  • Aug 4, 2013 6:35am Aug 4, 2013 6:35am
This makes me so sad to see you leave Emmanuel, but I KNOW that life will be good for you and that makes me happy !
You are a great person; calm, kind, unselfish, funny .. I KNOW you will do good

From the bottum of my heart I thank you. If one day I would become a real trader, I always remember that you were one big part of it !

If I could I would give you a standing ovation , but this will have to do for now

Till next time my friend !

Edit : Makes me think about this scene

Inserted Video
Don’t ever let someone tell you that you can’t do something.
  • #22,740
  • Aug 4, 2013 9:20pm Aug 4, 2013 9:20pm
Nice start to the week.....AU has been in a downtrend to the past 6 days.....nice TDI short entry following a pullback bar formation......entry on the open of the second red candle.......news helped me reach my TP.....price had already moved more than 21 pips before news, so I was in for a 50 pip TP or a BE trade.....hit the TP.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.8.5 au h1.png Size: 54 KB
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