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Trading Made Simple

  • #35,721
  • Apr 13, 2014 7:09pm Apr 13, 2014 7:09pm
Sorry forgot to add rest of trades.
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  • #35,722
  • Apr 13, 2014 7:42pm Apr 13, 2014 7:42pm
Quoting queenb
"Hard not to second. I have been following a few topics on FF, too, but TMS is probably the first one in which I rarely see ego-wars on a personal level, the atmosphere being that of trying to solve a challenging riddle together instead of competing. Huge thanks Phx62's for your screenshots and MrAussieFX's for analysis (and then Phx62's again for clarification) - not only showing the results, but also the way of thinking" from timginter Ditto = I too have been following the thread for some while now and am impressed with the lack of ego - wars...
queenb:

Yes, the method is seriously simple ... and I agree.
But still we have many not able to profit from this trading method. There are many other aspects of trading which also need to be made simple. I do hope others reading this now will reply and help explain what their meaning of making things simple had helpe them become profitable to help those who are not.

Thanks for you post and for being open minded.

Regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,723
  • Apr 13, 2014 7:49pm Apr 13, 2014 7:49pm
Quoting gavman
{quote} Hello Emmanuel, Thanks for you great posts! Please can you tell me what BUOB (and BUEB) stand for? I have been searching this thread and can't seem to find this.... Many thanks, Gavin

gavman,

I apologise for the frequent use of abbreviations and acronyms in my laziness to type on my keyboard. One member did PM me and I will make a consciuos effort to type in full words and tag the acronym each time. I know there are many people who are new here and these acronyms can be mind boggling. So pleae bear with me for while longer as I will try type everything in full spelling.

Note: A lot of the acronyms are used quie extensively in price action trading. They are in the James16 thread in the Commercial Content section here in FF.

Thanks.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,724
  • Apr 13, 2014 7:52pm Apr 13, 2014 7:52pm
Time-out folks.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,725
  • Apr 13, 2014 8:13pm Apr 13, 2014 8:13pm
Quoting GilR
{quote} I hope I did not offend you, but you and others are being duped by Emmanuel and others that you must do all this analyses to predict some future or pie in sky trade. There is NO ANALYSES until you have a red/green cross on the time frame you are trading. It takes a minute or 2 to scan the pairs and when you see a cross then look at everything else. TMI first and then PA. But you are being taught TA first for some future TMI cross Big E: {image}
Folks:

Doing technical analyis is not to predict the future as what being said above.
We all need to do some technical analysis as a part of our trading activity.
Rick Galloway showed us how he approaches the market evey week with his Weekly Top Down analysis WDTA.
Phx62 who actively trades H1 in this thread also showed us his weekly approach to trading with a trade plan.

Analysis helps you to do your trade plan so that you are prepared ahead in time and you will know exaclty what to look for in live trading realtime charts. When you are well prepared ahead in time, the trade execution will be a lot easier and less stressful.

But doing analysis also need to to kept simple. Do not overwhelmed with too many different techncial analysis approaches. Chose an approach which you are comfortable with.

Keep it simple in doing techncial analysis is to look for Support and Resistance S&R on your charts. Look for those S&R which is near to the current market price where you will be trading. Look for the range of the day and the week where market usually will trade.

While doing technical analysis, it can be made simple when we look for the previous Price Action PA where the market had previous made Price Swings, Highs and Lows. These are very visible on your charts in all Timeframes TF. This was mentioned in many of Big E posts.

If you have other views on technical analysis and on what I mentioned above, please feel free to write and post in reply to what I posted above.

I am here to share my knowledge and experience. If you keep an open mind, you will leanr manyt more things, Like I said before, somethings which you learn you do not necessariy will use them. Some things you learn you will also eventually have to un-learn them. That's how good trading habits are cultivated.

Thank you and I wish you a good trading week ahead.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,726
  • Apr 13, 2014 8:15pm Apr 13, 2014 8:15pm
Quoting emmanuel7788
{quote} gavman, I apologise for the frequent use of abbreviations and acronyms in my laziness to type on my keyboard. One member did PM me and I will make a consciuos effort to type in full words and tag the acronym each time. I know there are many people who are new here and these acronyms can be mind boggling. So pleae bear with me for while longer as I will try type everything in full spelling. Note: A lot of the acronyms are used quie extensively in price action trading. They are in the James16 thread in the Commercial Content section here in...
Hey Emmanuel, no problem at all. I got the pdf link from Erol and have learned heaps in the last few hours. Thanks so much for your dedication and sharing!
  • #35,727
  • Apr 13, 2014 8:24pm Apr 13, 2014 8:24pm
Quoting Phx62
A new uptrend channel has formed on the EA pair. We will see how it plays out for profit targets next week.{image}
Thanks Phx62, I think this is a good strategy - we should all look before we leap :-)
  • #35,728
  • Apr 13, 2014 8:40pm Apr 13, 2014 8:40pm
Quoting Phx62
A new uptrend channel has formed on the EA pair. We will see how it plays out for profit targets next week.{image}
I meant to ask what tool you use for drawing your channels? Is it the Standard Deviation, the equidistant, or Andrews Pitchfork?Sorry for all the questions...
  • #35,729
  • Apr 13, 2014 8:50pm Apr 13, 2014 8:50pm
Quoting Phx62
A new uptrend channel has formed on the EA pair. We will see how it plays out for profit targets next week.{image}
Attached Image



Hi Phx62,

Thanks for this new channel on EURAUD.
I am learning and trying the channel this week on H1.

Thank you, my H1 Maestro.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,730
  • Apr 13, 2014 10:03pm Apr 13, 2014 10:03pm
Quoting GilR
{quote} I hope I did not offend you, but you and others are being duped by Emmanuel and others that you must do all this analyses to predict some future or pie in sky trade. There is NO ANALYSES until you have a red/green cross on the time frame you are trading. It takes a minute or 2 to scan the pairs and when you see a cross then look at everything else. TMI first and then PA. But you are being taught TA first for some future TMI cross Big E: {image}
Dear GilR,

What is the meaning of TMI

Thanks
Helanka
Helanka
  • #35,731
  • Apr 13, 2014 10:43pm Apr 13, 2014 10:43pm
Quoting gavman
{quote} I meant to ask what tool you use for drawing your channels? Is it the Standard Deviation, the equidistant, or Andrews Pitchfork?Sorry for all the questions...
It is the Fibonacci channel. Go to the View tab on the top toolbar above your charts, move the cursor to Channels and drag the Fibonacci channel to your chart. Click on that new Fibo channel and open Properties. Change the Fibo levels to 1, 0, 0 and you are set.
  • #35,732
  • Apr 13, 2014 11:08pm Apr 13, 2014 11:08pm
Quoting Phx62
{quote} It is the Fibonacci channel. Go to the View tab on the top toolbar above your charts, move the cursor to Channels and drag the Fibonacci channel to your chart. Click on that new Fibo channel and open Properties. Change the Fibo levels to 1, 0, 0 and you are set.
Thanks Phx62, you are a star! I am busy now trying to setup the Cave Manager to operate as you have set yours. hoping you are able to assist - there are lots of options in that EA ... and I am not sure which ones need to be set to false or how to set the BE feature. I have read through the pdf but it differs with the headers used in the EA (I have v1.41 loaded).

Thanks again!
  • #35,733
  • Edited Apr 14, 2014 12:00am Apr 13, 2014 11:42pm | Edited Apr 14, 2014 12:00am
Quoting emmanuel7788
{quote} Hi timginter, I believe 'someone' actually did 'hack' into something somewhere in my grey area. to follow the thread trend for a bit with some old bad habits.... regards, EMMANUEL
It just looked weird over the weekend - shifting colours, way bigger font and spacing, etc., at some point your posts looked like a copy/mock of eelfranz's - just didn't look like the same thread, quite a bit of a contrast to your earlier posts. Just an impression of a weird atmosphere. No offence intended, though, and pardon if one taken, it is not my intention to start some subtle personal pushing

To the gist, though: no trades at 6am for me.
I marked AUDCAD to check if it's going to be a possible bounce, but I was not sure about the trade so I did not take it

EDIT:
AUDCAD weekly, daily, H4 and H1 indicate uptrend, though it seems rather overbought. Price not even 8 pips from the previous week's high, tested 2 times on H1. Also a shooting star and consolidation on H1

Also marked AUDJPY
  • #35,734
  • Apr 14, 2014 12:12am Apr 14, 2014 12:12am
Week 2 of trading as Big E did from Page 1

No 6am trades for me.

See you at 10!
Focus on the process and the profits will follow
  • #35,735
  • Apr 14, 2014 12:16am Apr 14, 2014 12:16am
First disciplined week for trading the TMS system for me. Wish me luck!
Did some backtesting, and dabbled in it last week occasionally which proved to be fruitful.
I am only scouting 8 pairs at the moment, also did not see any 6am opportunities.
How many pairs do others look at? And only ones with large ADR?
  • #35,736
  • Apr 14, 2014 12:27am Apr 14, 2014 12:27am
Quoting emmanuel7788
{quote} Sorry that wasn't me riducle Eric style of trading. You have been bias against me for sometime and you are reading in between the lines as results of your mental bias. You only single out this post. If you want to discuss and share your experience here, and have an open mind, you can reply and quote other posts I made them. This way it will be more interactive.
Yes you're right, I do have a mental bias against you, this however is not one of those times, I have no interest in being "interactive" with you because what you post mainly are regurgitated articles from books or google searches and as you are so helpful to newbies you would be better served opening your own thread....I know you have said you haven't got time which is a bit puzzling considering your post count on this thread alone, but we'll let that pass.

What you are posting has absolutely nothing to do with TMS and all to do with trading in general which maybe helpful to newbies but doesn't really have a place on a system thread. Of course answering questions about the system, letting people see the bigger picture by posting charts of things you've seen on those charts and that might affect a TMS trade, all would be very welcome to a lot of newer and more experienced traders alike, but posts ridiculing the very essence of the thread and therefore system because you think people should only trade the way you do or get "suspended by senior member" next to their name has no place on any system thread.

The trouble is, when you set yourself up as guru, newer traders will follow you and if they had followed your actual posts of trades last week and a lot of other weeks could have and probably were in a bit of a mess because although you posted at the end of last week you made a "10% cycle in 4 days" unfortunately none of those trades were posted even in hindsight, only the ones that went back to BE, small profit or downright wrong analysis.

Zoopots for instance, posts analysis which is usually correct, is helpful to newer traders also and actually trades TMS which is something maybe you should start doing or start your own thread.
  • #35,737
  • Apr 14, 2014 12:43am Apr 14, 2014 12:43am
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Give yourself a chance and trade it like it's layed out...
  • #35,738
  • Apr 14, 2014 1:02am Apr 14, 2014 1:02am
Quoting Nellycopter
here you go i found the book for TMS as re-written now days....
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{image}

Nellycopter:

Thanks for this picture.
I will use it for the next lesson on what keep it simple means to me.
By the way, since you learn how to post charts, we have not seen any of your trade charts postings.
How is your TMS trading progressing.

Take Care.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,739
  • Apr 14, 2014 1:07am Apr 14, 2014 1:07am
Quoting emmanuel7788
{quote} lastingwell: Thank you for your post above. You are entitled to your own opinion and make any judgement. I did not make myself a guru here. As Eric told us, those with experience can share and help others. Eric post#670. Therefore, I follow his principles here. I learn many BASIC forex stuff from everywhere and I did not invent nor discover them. Sharing these what I learned is not 'regurgitated' stuff. Since you do not like my posts, keep it simple, Do NOT Read my posts and Do NOT Reply using my post nor make any reference to my posts....
As admirable as that may be, a system thread is not the place to teach basic forex "stuff", a newer trader should come to a system thread when he/she knows basic forex and wants to put that knowledge to the test with a system.

FF will be a poorer place without this thread and you are slowly but surely making sure every good experienced trader who trades as Big E laid out doesn't want to be here either because they don't want to waste time wading through your "lessons" or they simply are fed up with the whole concept of TMS being ridiculed because you want to make trading difficult and this thread needs good experienced traders.
  • #35,740
  • Apr 14, 2014 1:10am Apr 14, 2014 1:10am
EURUSD H4 trading (Demo):
This trade was opened last Friday and managed by TMS_V19 trade manager functions. This trade inital Stop Loss is now moved to BreakEven BE by the trade manager while I was away from my computer.
There is no TP set and the trade manager will manage and move stops as the market progress. The concept is 'Let Profits Run'

Trade Well folks.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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