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Trading Made Simple

  • #30,121
  • Jan 30, 2014 2:14pm Jan 30, 2014 2:14pm
WDays
Quote
It's your job to filter out the useful info that's laying around...

100% agreed. As a market veteran of 25 years, I have figured out what works for me.
However, for those just getting started, it might be a little more difficult.
They are relying on the more exprienced traders to help that process.
But, when the more experience traders are all over the map, it can become more frustrating and overwhelming.
The difference between sharing and teaching is often the disconnect.

About indicators . . . spend some time perusing the over 400 pages of attachments and you'll come across much more than a few that are unrelated to TMS.
  • #30,122
  • Jan 30, 2014 3:05pm Jan 30, 2014 3:05pm
Quoting Prepared
WDays {quote} 100% agreed. As a market veteran of 25 years, I have figured out what works for me. However, for those just getting started, it might be a little more difficult. They are relying on the more exprienced traders to help that process. But, when the more experience traders are all over the map, it can become more frustrating and overwhelming. The difference between sharing and teaching is often the disconnect. About indicators . . . spend some time perusing the over 400 pages of attachments and you'll come across much more than a few that...
Well I'm sorry but if it's that frustrating they should just quit and sell hot dogs because it's much easier and you don't have to study and work as hard.... The seasoned traders on here are glad to help anybody who wants to help himself. Emmanuel, Phx, Lastingwell and others are constantly answering questions and analyzing other people's trades. And once again, some nice people have made it easy enough for us all by compiling a few pretty complete pdfs of the posters you want to be paying attention to. How much more can one help? I mean no offense, but especially after having had 25 years of experience you should know that this is survival of the fittest. Those who decide to quit because information is out there, but is scattered around are just plain lazy.
  • #30,123
  • Jan 30, 2014 3:49pm Jan 30, 2014 3:49pm
Wdays
Quote
Those who decide to quit because information is out there, but is scattered around are just plain lazy.

No offense taken at all.
Very true. Survival of the fittest for sure.
And realize this - you aren't going to make a living trading from the posts in this thread.
I am keenly aware of this thread's main contributors and their methodology - as well as the newbies trying to figure this out.
And you are right. Laziness and entitlement are rampant: not only here but the trading industry in general.
Please don't mistake frequency of posts, arbitrary blurbs and answering questions as a correlation to value or relevance. Results are the metric.
I just think Nellycopter has a valid point.
Thanks for the responses and bringing up some salient topics.
  • #30,124
  • Jan 30, 2014 4:41pm Jan 30, 2014 4:41pm
Quoting Nellycopter
.... are you now the owner of TMS Emmanuel, and no one else can make any comment, suggestion without your permission. Oh master of every subject.
so this is what your are thinking?it is wrong and your thinking will shape your beliefs.

Keep working on your beliefs.

everyone who follow TMS knows I am not the onwer of thie thread. Our OP, the thread owner is eelfranz whom I know is Eric and we all fondly call him Big E.

I read every of your 100 posts here and I tried helped you whenever I can. I sense that you struggled with this MT4 platform and few months ago you did not even know how to post a chart in this forum. I find that hilarious that after watching a few videos you are telling newbies to keep thing simple.

when you have time, spend it watching more training and learning videos at http://www.compassfx.com/video/

plus those videos made by Rick Galloway you will make porgress. I am sure of that.

Have a Good Learning Journey. It is the experience that will matter most along this very long journey with many milestones but no destination.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,125
  • Jan 30, 2014 4:54pm Jan 30, 2014 4:54pm
Quoting wdays
{quote} what are all the other indicators?? The only indicators that keep coming up are adr, mtf tdi indis and eventually a stoch (which was part of the original big e system). I don't understand what you guys are all on about pa is more than enough to tell if you're in a sideways market, emmanuel introduced a pretty good meter of that. As for there being too much information, i would refer you to my previous post... It's your job to filter out the useful info that's laying around...
let me givi you a piece of advice:stay with ""b e""",remember : Lo candle (ny=3:00 am),follow the basic rule," tdi crossing "" ,appply it to all 28 currencies,6 hour later close all trades,the you will see how it works!!!!
  • #30,126
  • Jan 30, 2014 5:01pm Jan 30, 2014 5:01pm
Quoting brandy711
{quote} let me givi you a piece of advice:stay with ""b e""",remember : Lo candle (ny=3:00 am),follow the basic rule," tdi crossing "" ,appply it to all 28 currencies,6 hour later close all trades,the you will see how it works!!!!
Thank you for this advice which I am not sure why you are giving to me?
  • #30,127
  • Jan 30, 2014 5:34pm Jan 30, 2014 5:34pm
Quoting emmanuel7788
GU earlier Plan A failed. Now Plan B trade in H4. {image} we shall see if this will continue down till end of this week.
Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 29 Jan trade.png Size: 28 KB


Trade closed.

Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 29 Jan trade closed.png Size: 33 KB


With the price reaction at 1.6450, we will need to see a strong break candle for further move down. Today is the last day fo thei MN candle. We may be trading in the shadow of the Jan MN candle. D chart should be interesting to look at and pick on an intraday trade on H1.

Trade Well.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,128
  • Jan 30, 2014 6:27pm Jan 30, 2014 6:27pm
Quoting emmanuel7788
{quote} {image} Trade closed. {image} With the price reaction at 1.6450, we will need to see a strong break candle for further move down. Today is the last day fo thei MN candle. We may be trading in the shadow of the Jan MN candle. D chart should be interesting to look at and pick on an intraday trade on H1. Trade Well. EMMANUEL
Amazing Trades emmanuel7788. Thanks for posting the charts with explanation. Although all traders have different trading styles, however I usually compare your trading with PHX62. If you don't mind answering the following. Sorry I put the comments on your chart. Kindly let me know if my observation and comparison is ok?

Thanks in advance.
Attached Image
  • #30,129
  • Jan 30, 2014 6:33pm Jan 30, 2014 6:33pm
GU

here is my quick view on H4 on this last trading day of the Jan month.

Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 outlook 30 Jan.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,130
  • Jan 30, 2014 7:17pm Jan 30, 2014 7:17pm
Quoting hoperich
{quote} Amazing Trades emmanuel7788. Thanks for posting the charts with explanation. Although all traders have different trading styles, however I usually compare your trading with PHX62. If you don't mind answering the following. Sorry I put the comments on your chart. Kindly let me know if my observation and comparison is ok? Thanks in advance. {image}
Hi hoperich,

No problem to put comments and questions using my posted charts. That's how we share and learn from one another. I also study closely Phx62 posted charts and I must say his trade excution is very good and flawless. I need work more in my trade excution and less on technical charting.

Attached Image



On the chart above, you pointed out the H4 PCRF. But the 3rd candle was rather wide range bar and I avoid trading those WRB.

Also, that day 28 Jan was a nice H1 PCRF at that same time of the H4 high candle when London open. I posted that H1 trade.

After that WRB, I had a loss trade -13pips. That was my Plan A trade for that day. Lesson learn is not to trade in narrow range sideways market when we see a master candle.

After that loss trade, I waited to executre my Plan B which is this breakout of the Master Candle seen on the chart. Usually I take the breakout trade after a clear breakout candle of the MC and this must be in the direction of the TDI. That MC BO candle is also a Bearish Outside Bar BEOB which is a good PA CSP for me to make my trade decision. Oustie Bar indicate an increase in market interest after that small ranged consolidation..

Hope this explanation is understable.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,131
  • Jan 30, 2014 7:42pm Jan 30, 2014 7:42pm
Hi,

This is my Some H4 trades.I do my home work last few days didn't post new reply to thread,but I read all thread reply.
Pls see below images & give me your advise.I enter all h4 trades in correct time but i exit early Because some time it reach to ADR & H1 TDI make exit signal.
Pls advise how I hold my H4 profit trade without exit early.

Thanks
Helanka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 45 KB
Click to Enlarge Name: eurjpyh4.png Size: 45 KB
Click to Enlarge Name: usdchfh4.png Size: 44 KB
Helanka
  • #30,132
  • Jan 30, 2014 7:44pm Jan 30, 2014 7:44pm
Don't let losing trades affect you. Our job as technical traders is to look for the next setup and execute those setups according to plan.

This is what another trader tell us: "Why Do You Keep Making Stupid Trades?"

http://www.learntotradethemarket.com...-stupid-trades

many more easy to follow lessons and they are free resouces available to everyone.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,133
  • Jan 30, 2014 7:59pm Jan 30, 2014 7:59pm
Quoting Helanka
Hi, This is my Some H4 trades.I do my home work last few days didn't post new reply to thread,but I read all thread reply. Pls see below images & give me your advise.I enter all h4 trades in correct time but i exit early Because some time it reach to ADR & H1 TDI make exit signal. Pls advise how I hold my H4 profit trade without exit early. Thanks Helanka {image} {image} {image}

Helanka:

When I trade 4H swing on H4 charts, I will also manage my trades on H4 and never on H1.

I know Big E scalps using H4 setups and he will exit according to the TDI goes flat or hook over. he also trade H1 chart at certain times of the day.

When I trade 4H swing, Exit does not mean I have to close all trades. Like what Dean Malaone teaches, we can scale-out some trades and take some profits and not return back to much to the market.

I use R-Multiple trade management taught by Dr Van Tharp. Once my trade reaches above 2R level, I will tighten my stops closer to the market.
Other traders will trail the market using the APB/HA placing their stops behind the last APB/HA.
Yet some other traders will trail using the 5SMMA PAC which is another effective method.
Basically, what we need is a mechanical way to manage our trade exits and have the disciline using that method we adopt.
Always look at the risk reward potential of your trades before you jump into the market.
It is seldom we are in a breakaway trend situation therefore when we are in, we must maximise the run.

Dr Van Tharp said: "If you want to maximise profits, you must be prepared to give up 50% of what the market gave you"
This is very hard to do.

There are several Exit Management strategies out there. I will refrain from posting to avoid more information overload for some people in here.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,134
  • Jan 30, 2014 8:01pm Jan 30, 2014 8:01pm
Quoting emmanuel7788
{quote} Hi hoperich, No problem to put comments and questions using my posted charts. That's how we share and learn from one another. I also study closely Phx62 posted charts and I must say his trade excution is very good and flawless. I need work more in my trade excution and less on technical charting. {image} On the chart above, you pointed out the H4 PCRF. But the 3rd candle was rather wide range bar and I avoid trading those WRB. Also, that day 28 Jan was a nice H1 PCRF at that same time of the H4 high candle when London open. I posted that...
Thank you sir. It really helps and hope to learn from you and other experts in coming days/months/years..
  • #30,135
  • Jan 30, 2014 8:06pm Jan 30, 2014 8:06pm
Quoting Helanka
Hi, This is my Some H4 trades.I do my home work last few days didn't post new reply to thread,but I read all thread reply. Pls see below images & give me your advise.I enter all h4 trades in correct time but i exit early Because some time it reach to ADR & H1 TDI make exit signal. Pls advise how I hold my H4 profit trade without exit early. Thanks Helanka {image} {image} {image}
Hi Helanka,

Just want to say, your entries are perfect and exactly what I want to achieve. I guess I also need to complete my home work, so when opportunity presents itself, I my entry is quick like your. Happy trading...

Hoperich.
  • #30,136
  • Jan 30, 2014 8:07pm Jan 30, 2014 8:07pm
Hi Folks,


Today is the Lunar New Year in most Asian countries. Most stock exchages in Asia - Shanghai, HongKong, Singapore, ... are closed.

So I take this opportunity to wish everyone a Happy, Prosperous and Healthy New Year of the Horse.

Let's gallop forward with our saddle bags and fill them with pips.

With My Very Best Wishes,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,137
  • Jan 30, 2014 8:15pm Jan 30, 2014 8:15pm
Quoting emmanuel7788
{quote} Helanka: When I trade 4H swing on H4 charts, I will also manage my trades on H4 and never on H1. I know Big E scalps using H4 setups and he will exit according to the TDI goes flat or hook over. he also trade H1 chart at certain times of the day. When I trade 4H swing, Exit does not mean I have to close all trades. Like what Dean Malaone teaches, we can scale-out some trades and take some profits and not return back to much to the market. I use R-Multiple trade management taught by Dr Van Tharp. Once my trade reaches above 2R level, I will...
Thanks for your reply.
good H4 setup not appear always.when i exit i have to wait long time to enter with another good setup.
I have no idea about R-Multiple trade management & pls advise How i learn it.
And also advise when i back test what should I do or check to learn H4 trade well.

Thanks
Helanka
Helanka
  • #30,138
  • Jan 30, 2014 8:25pm Jan 30, 2014 8:25pm
Quoting hoperich
{quote} Hi Helanka, Just want to say, your entries are perfect and exactly what I want to achieve. I guess I also need to complete my home work, so when opportunity presents itself, I my entry is quick like your. Happy trading... Hoperich.
Hi buddy,

Pls try to Trade H4 time frame.I trade & learn h4 time frame since last week.I trade on live account 0.02 lot even-though I still learn H4 trades.
I did not loss any h4 trade since last week.I think if we learn H4 trades well then we can trade h1 time frame too.

Thanks
Helanka
Helanka
  • #30,139
  • Jan 30, 2014 8:28pm Jan 30, 2014 8:28pm
[quote=Nellycopter;7248484]i would have expected no less a comment from you at all Emmanuel, i don't think anyone could keep up with the amount of posts you put up and the way you swap and change the look of your chart each time, i was for a laugh going to count how many times you made the comment - who wants this indicator, who wants this that or the other - what are we ten years old ??? how are people are suppose to learn anything from you when you don't seem to have any consistency is beyond me !! oh sorry .... I though i read Big E, originally said take your time - he took tow years to backtest and demo before going live ...

It is so disappointing for us who appreciate the time spent by Emmanuel7788 and Phx62 and other great traders who contribute here to read posts as that above. I have learnt so much from them and all you are doing is diverting attention from their great work.

Thanks Renata
  • #30,140
  • Jan 30, 2014 8:34pm Jan 30, 2014 8:34pm
Quoting Renata
It is so disappointing for us who appreciate the time spent by Emmanuel7788 and Phx62 and other great traders who contribute here to read posts as that above. I have learnt so much from them and all you are doing is diverting attention from their great work. Thanks Renata
Anyone can say his own mind. Or not?
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