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Trading Made Simple

  • #33,421
  • Mar 21, 2014 11:27am Mar 21, 2014 11:27am
Quoting L0pg
{quote} I am struggling with this as well, I just moved from UTC+6 to PST, and my winning % plummeted, partly due to lack of sleep/insane working hours, and partly due to money management. I have been chasing pips, instead of accepting what I could get. 35 pips is more than you had yesterday, and that is something. I made a HUGE mistake this morning in that GJ madness and killed a big chunk of my account off chasing pips. Like As3 said, Scared money Loses money (I'm commandeering this phrase). To help myself I am writing down my own trading plan,...
L0pg:

Here is one I used many years ago to work on my own trading plan.
It should give you an outline what you need to think of and consider to be in your own trading plan.

Attached File(s)
File Type: pdf trading plan.pdf   160 KB | 2,367 downloads


regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,422
  • Mar 21, 2014 11:33am Mar 21, 2014 11:33am
Quoting as33156
{quote} HI TP123, Would you mind sharing the indicator on your chart with that creates the red & green dots? thanks in advance!
You can find it in post number 33121
I am not random, U just can't think as fast as me....
  • #33,423
  • Mar 21, 2014 11:35am Mar 21, 2014 11:35am
Quoting thinkpad123
I am getting a lot of PMs from last some days regarding cave manager settings , So i thought of sharing what works best for me here in the thread. I have tested different settings and found these best for cave manager with tms 4 hourly. Use these settings and see the results for two weeks, you will be amazed by the results. Turn off everything except the following Tp 1st batch lot percentage= 40 percent tp 2nd batch lot percentage=30 percent tp 3rd batch lot percentage= 30 percent Tp 1st batch pips= 30 Tp 2nd batch pips= 50 Tp 3rd batch pips = 100...
Hi thinkpad,

something went wrong here in this trade, please check and comment.
Your recommended settings:
Attached Image (click to enlarge)
Click to Enlarge Name: AJ H4 First cavemanger.png Size: 194 KB


See the results window as soon as the 1st batch TP got hit Cavemanger just stopped
Did I do something wrong ?
Attached Image (click to enlarge)
Click to Enlarge Name: AJ H4 Cavemanger problem.png Size: 169 KB


Regards
  • #33,424
  • Mar 21, 2014 11:35am Mar 21, 2014 11:35am
Quoting thinkpad123
{quote} You can find it in post number 33121
Got It! Thanks kind Sir
MAY THE PIPS BE WITH YOU!
  • #33,425
  • Mar 21, 2014 12:00pm Mar 21, 2014 12:00pm
wrapped up another trade for the night with 38 pips on the table for aud/usd
Attached Image
Come tomorrow, I'll wake up new
  • #33,426
  • Mar 21, 2014 12:06pm Mar 21, 2014 12:06pm
Quoting emmanuel7788
{quote} Hi Greenb, Trading the 4H is simple but not easy as we all use different brokers with different H4 candles with different OHLC. The TDI default is based on the candle close price and this matters. Experienced trades will know how to 'compensate' for the differences. I made some comments on your posted chart to explain what I see as a high probability trade setup. Some people are too focus looking for that TMS setup candle and do not look at the bigger picture which show the price action and overall market trend. {image} As to my question...

Thx for the bit of wisdom Emmanuel, sorry couldn't reply sooner
i was asleep, never liked trading friday so i just call it early weekend
hope you have a great one, looking forward to your big picture planning for next week


Greenb
Daniel
  • #33,427
  • Mar 21, 2014 12:18pm Mar 21, 2014 12:18pm
Quoting gsbharaj
wrapped up another trade for the night with 38 pips on the table for aud/usd {image}

That was some easy money gsbharai,

It may continue for 100 pip TP and continue into next week. Enjoy the weekend!
MAY THE PIPS BE WITH YOU!
  • #33,428
  • Mar 21, 2014 12:19pm Mar 21, 2014 12:19pm
Quoting gsbharaj
wrapped up another trade for the night with 38 pips on the table for aud/usd {image}
Can you explain why you took profit and not let your profit run
the cautious seldom err....C
  • #33,429
  • Mar 21, 2014 12:28pm Mar 21, 2014 12:28pm
Quoting as33156
{quote} That was some easy money gsbharai, It may continue for 100 pip TP and continue into next week. Enjoy the weekend!
thank you. learning from the masters.

Quoting pips29
{quote} Can you explain why you took profit and not let your profit run
i had enough for the week. 100 pips was my target and i got 160
the trade could have given more but i opted out to be on the safer side as i am still in the learning phase.


i will keep the eur/usd and the eur/jpy trade open over the weekend. lets see how they pan out.
Come tomorrow, I'll wake up new
  • #33,430
  • Mar 21, 2014 12:32pm Mar 21, 2014 12:32pm
Anyone still in the GA short I called? It's racing towards 150 pips profit before the close. The universe loves us

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh4.png Size: 56 KB
MAY THE PIPS BE WITH YOU!
  • #33,431
  • Mar 21, 2014 12:54pm Mar 21, 2014 12:54pm
Quoting as33156
Anyone still in the GA short I called? It's racing towards 150 pips profit before the close. The universe loves us {image}
Pip what you see; See what you pip!
  • #33,432
  • Mar 21, 2014 12:58pm Mar 21, 2014 12:58pm
Quoting SeerEye
{quote}

Music to my EYEs! It's so much easy pips out there to be collected. Keep crushing it & congrats on the Pippage! You deserve it!
MAY THE PIPS BE WITH YOU!
  • #33,433
  • Mar 21, 2014 1:18pm Mar 21, 2014 1:18pm
these are the trades i am in and i plan to keep them running over the weekend.

EUR/USD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 22 KB



EUR/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 26 KB
Come tomorrow, I'll wake up new
  • #33,434
  • Mar 21, 2014 1:28pm Mar 21, 2014 1:28pm
Today I just completed my 3rd week & 15th Business day of trading the TMS Method.

Results:

1st week: +467 Pips
2nd week: +788 Pips
3rd week: +470 Pips

Total Pips Collected = 1,725 :nerd:

Total Pips Not Collected From Missing Entries & Closing Trades To Early = 1,100

I'm still on target for 2,000 Pips collected for the month even with my major slacking. :nerd:

TMS Method + Strict Money Management = Sky's the Limit!

THE UNIVERSE STILL LOVES US EVEN WHEN WE SLACK LIKE I DO.
MAY THE PIPS BE WITH YOU!
  • #33,435
  • Mar 21, 2014 1:33pm Mar 21, 2014 1:33pm
Stoked to hear about all the awesome winnings this week . gives me hope

Quoting thinkpad123
{quote} You can find it in post number 33121
Hi Thinkpad123, I tried to apply this indicator to meta trader 5 and couldn't get it to show up in the list. Any advice? THANK YOU!!!

as33156, I also had problems with the cavemanager, I was getting the frownny face in the corner.

Thanks for all the support
  • #33,436
  • Mar 21, 2014 1:37pm Mar 21, 2014 1:37pm
Quoting as33156
Today I just completed my 3rd week & 15th Business day of trading the TMS Method. Results: 1st week: +467 Pips 2nd week: +788 Pips 3rd week: +470 Pips Total Pips Collected = 1,725 :nerd: Total Pips Not Collected From Missing Entries & Closing Trades To Early = 1,100 I'm still on target for 2,000 Pips collected for the month even with my major slacking. :nerd: TMS Method + Strict Money Management = Sky's the Limit! THE UNIVERSE STILL LOVES US EVEN WHEN WE SLACK LIKE I DO.
congrats as3.
thats a pillage
do you trade the way big E did? what do you take into account while entering a trade? what gmt is your broker? and do you check your trade every 4 hours or you stick to the screen?
Come tomorrow, I'll wake up new
  • #33,437
  • Mar 21, 2014 1:41pm Mar 21, 2014 1:41pm
Sorry if this is a repeated question but what markets suit better for TMS?

Thanks for everyone's inputs on this thread, very nice to follow. Will contribute as soon as I have something important to say.
  • #33,438
  • Mar 21, 2014 1:49pm Mar 21, 2014 1:49pm
Since a certain person ,which will be nameless, came on the scene the thread has become a beehive of activities.It is certainly hard to keep up with the thread because the page count moves very fast.Anyway,I am taking note and applying what I've learned on my demo account.The light is finally appearing at the end of the tunnel.
With God all things are possible.
  • #33,439
  • Mar 21, 2014 1:50pm Mar 21, 2014 1:50pm
Hi SledHead,

Make sure that you have the ask for confirmation boxes unchecked in cave-manager E and in your platform options. Best of Luck

Hi gsbaharaj,

I guess I trade a blend between Big E & Emmanuel's style. I prefer to wait till candles close as a confirmation before I enter a trade. I don't enter trades on the 3rd bar. My broker is -5 GMT. I check my trades every 4hours. Set & Forget!

Hi Nidolap,

I trade every single market (4hr Candle) using the TMS method. Welcome to the Party!

Attached Image

Attached File(s)
File Type: pdf THV CaveManager EA v1.41.pdf   103 KB | 465 downloads

Attached File(s)
File Type: pdf TMS-II preview charts.pdf   571 KB | 711 downloads

Attached File(s)
File Type: pdf TradinMadeSimple.pdf   1.4 MB | 808 downloads
MAY THE PIPS BE WITH YOU!
  • #33,440
  • Mar 21, 2014 1:52pm Mar 21, 2014 1:52pm
Quoting as33156
Today I just completed my 3rd week & 15th Business day of trading the TMS Method. Results: 1st week: +467 Pips 2nd week: +788 Pips 3rd week: +470 Pips Total Pips Collected = 1,725 :nerd: Total Pips Not Collected From Missing Entries & Closing Trades To Early = 1,100 I'm still on target for 2,000 Pips collected for the month even with my major slacking. :nerd: TMS Method + Strict Money Management = Sky's the Limit! THE UNIVERSE STILL LOVES US EVEN WHEN WE SLACK LIKE I DO.
Congrats as! As a rookie trader in here I don't have much to share but I think this video is appropriate to share after hearing the winnings this week.. Gives me the feel gooods
Inserted Video
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