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Trading Made Simple

  • #48,001
  • Dec 31, 2014 2:36am Dec 31, 2014 2:36am
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  • #48,002
  • Edited 3:43am Dec 31, 2014 2:45am | Edited 3:43am
Quoting dan78
{image}
Sorry mate i mean no disrespect but did you take any of your trades or are you just showing us s/r levels.

Wish you all a Happy New Year!
  • #48,003
  • Dec 31, 2014 2:50am Dec 31, 2014 2:50am
Quoting RedPhoenix
{quote} Sorry mate i mean no disrespect but did you take any of your trades or are you just showing us s/r levels. Wish you Happy New Year all!
hello

I test in demo since 1 month.
The results are very interesting.
best wishes on the eve of the newyear
  • #48,004
  • Dec 31, 2014 4:08am Dec 31, 2014 4:08am
Quoting dan78
{image}
Hi dan78, I have bullish bias for GU.
I have long with very small lot.
May add more if it drops.
  • #48,005
  • Dec 31, 2014 4:10am Dec 31, 2014 4:10am
Quoting MrAussieFX
{quote} Yes, Exactly SJ. Do what ever is important and take your trades and walk away from your system and check them when the new candle shows up or whenever you are comfortable. TMS is stress free Trading too. Following up on my EA daily Trade taken here on this post #47,828 . Just came back from work and this is how my trade worked out. EA 1st position profit target got hit {image} Guppy Rollover happened on H4 {image} Kindest Regards
MrAussieFX, I do like the way you post your charts adding your thoughts to the screen shot. I find it extremely helpful

Ray
  • #48,006
  • Dec 31, 2014 5:11am Dec 31, 2014 5:11am
Happy new year to every one. 2 Calculator
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Attached File(s)
File Type: xls FxKeys-$1000-Forex-Plan.xls   33 KB | 769 downloads
File Type: xls Trade by trade compounding Analyser3.xls   75 KB | 721 downloads
Sad i'm not trying to understand PA
  • #48,007
  • Dec 31, 2014 6:00am Dec 31, 2014 6:00am
SJ,

Herewith, I attached two images. Let me know your views.
Regards
AB


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  • #48,008
  • Dec 31, 2014 6:58am Dec 31, 2014 6:58am
Money Management Strategy for TMS

Quoting griffinssoul
{quote}{quote} "one day I will make the 1000 pips a month Emmanuel makes, ..." Hi GreenGoblin, good post - i think in Emmanuel's case its more like 1000pips per W, ... LOL! You will have to scroll back to Nov posts but his stats are incredible... "In the first 2 weeks of Nov, I completed total 37 trades on just 4 currency pairs in weeks 45 and 46. There were 2 losers (-36pips, -54pips) and therefore leaving only 35 profitable trades out of the 37 trades. The 2959 pips is nett after deducting the 2 losses.", Emmanuel (post http://www.forexfactory.com/showthre...69#post7879669)...
Quoting griffinssoul
{quote} Oh, yes, absolutely - likica (our superstar trader) would then have to adjust her stats ... something like 1/2 of 25 and 1/2 of 50 which would come to 37.5pips green. Otherwise she would get the wrong figures at the end of the trading MN. [Pip numbers are kind of meaningless on there own but its what we all talk in ...?] So far, I am finding i do not do any of this as 1 entry per trade works fine for me at the moment...
Quoting sknight1
{quote} Again, the size of the 4h / daily candle is typically so big that I could barely trade for $1 / pip which essentially does nothing in terms of growing my account.
Reading recent posts, there are a few questions which I think are related to money management strategy used in trading TMS. Most traders here trades with fix lot size and do not use position sizing with percentage risk of equity.

Whether you are trading just for few dollars, or to supplement your full time job, or to grow an account, etc. you need to consider what your money management strategy work best for your business. I posted one of my account using myfxbook to show you that trading with TMS can be profitable and you need to use a proven money management strategy.

I explain the details in the attached pdf which I made reference to several posts made in this thread.

Hope this pdf will help you develop a money management strategy to trade TMS in 2015.

My best wishes to you in 2015.
Attached File(s)
File Type: pdf Money management strategy ideas.pdf   371 KB | 4,244 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,009
  • Edited 7:16am Dec 31, 2014 6:59am | Edited 7:16am
RUMOR ON EUR/USD

1.2125/20 Strong demand(Asian name)/$1.2124 Dec30-2014 low

EURO-DOLLAR: Trading as expected is very subdued but minor slippage is pressuring the downside as approaches the daily/Dec29 lows of $1.2145/43. With liquidity very thin, a break below may trigger further euro sales and a retest of the Dec30 and 2014 low of $1.2124, with talk of strong demand out of Asia located at $1.2120-25. Trades last $1.2149
  • #48,010
  • Dec 31, 2014 7:20am Dec 31, 2014 7:20am
Quoting dan78
{quote} hello I test in demo since 1 month. The results are very interesting. best wishes on the eve of the newyear

dan78,

IMHO, one month testing is not sufficient to make any conclusive results to be of any good use.

Please share with us what you found to be very interesting results from your one month demo trading.

I looked into the codes of your auto pivot indicator. You posted H4 charts and use that indicator to calculate the Weekly Pivot using the previous week' high - low, and you calculate the R1, R2, R3 and S1, S2 and S3 displace from the Weekly Pivot using fibonacci ratios 38.2%, 61.8% and 100%.
From your one month demo testing, do you have test data to show how many times the market hit these R1, R2, R3 and S1, S2 and S3 levels?

What about the Weekly Open? do you consider using the Weekly Open and follow TMS price action setups and trading away from the Weekly Open and setting targets based on the percentage of weekly average trading range the same way you use weekly pivot and fibo levels.

Please continue to demo trade with your weekly pivot fibo levels and share with us your demo trade results on regular basis.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,011
  • Dec 31, 2014 7:21am Dec 31, 2014 7:21am
Quoting ababias
SJ, Herewith, I attached two images. Let me know your views. Regards AB {image} {image}
Good morning Ababias,

I would be very careful before I took that trade.
The daily is in a super strong down trend, even tho
the 4 hour popped up a bit. See my chart (a few hrs later)
it looks like it's forming a pin bar to me.
sj
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  • #48,012
  • Dec 31, 2014 7:23am Dec 31, 2014 7:23am
Quoting omonisha
Happy new year to every one. 2 Calculator {image} {image} {file} {file}
Omonisha,

That is excellent information.
Thank you.
sj
  • #48,013
  • Dec 31, 2014 7:28am Dec 31, 2014 7:28am
Quoting dan78
RUMOR ON EUR/USD 1.2125/20 Strong demand(Asian name)/$1.2124 Dec30-2014 low EURO-DOLLAR: Trading as expected is very subdued but minor slippage is pressuring the downside as approaches the daily/Dec29 lows of $1.2145/43. With liquidity very thin, a break below may trigger further euro sales and a retest of the Dec30 and 2014 low of $1.2124, with talk of strong demand out of Asia located at $1.2120-25. Trades last $1.2149
Dan,

Here is my eur/usd chart (a few hours later).
I'd be very careful before I went long here...
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 68 KB
  • #48,014
  • Dec 31, 2014 7:30am Dec 31, 2014 7:30am
Quoting dan78
RUMOR ON EUR/USD 1.2125/20 Strong demand(Asian name)/$1.2124 Dec30-2014 low EURO-DOLLAR: Trading as expected is very subdued but minor slippage is pressuring the downside as approaches the daily/Dec29 lows of $1.2145/43. With liquidity very thin, a break below may trigger further euro sales and a retest of the Dec30 and 2014 low of $1.2124, with talk of strong demand out of Asia located at $1.2120-25. Trades last $1.2149

dan78,

We TMS traders do not trade based on rumors no matter how reliable they may seem to be. We are technical traders and TMS 5-Method is a rule based discretionary trading method. All the analyst report data which you posted above are all factored in the market by the time these reports are made public. It is the market reaction which we will see on our charts and we just trade what we see on our charts.

We trade what we see on our charts and also very important when we trade H1 intraday , we either avoid trading when close to news and economic data release and wait till the news/data release is out and look for if our chart show price momentum then we decide to take any TMS trade setups.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,015
  • Dec 31, 2014 7:30am Dec 31, 2014 7:30am
Quoting emmanuel7788
Money Management Strategy for TMS {quote} {quote} {quote} Reading recent posts, there are a few questions which I think are related to money management strategy used in trading TMS. Most traders here trades with fix lot size and do not use position sizing with percentage risk of equity. Whether you are trading just for few dollars, or to supplement your full time job, or to grow an account, etc. you need to consider what your money management strategy work best for your business. I posted one of my account using myfxbook to show you that trading...
Emmanuel,

Thanks for the pdf on money management.
I think position sizing & money management are super important!
I would like to learn a lot more about it...
Thanks.
sj
  • #48,016
  • Dec 31, 2014 7:36am Dec 31, 2014 7:36am
Quoting emmanuel7788
Money Management Strategy for TMS {quote} {quote} {quote} Reading recent posts, there are a few questions which I think are related to money management strategy used in trading TMS. Most traders here trades with fix lot size and do not use position sizing with percentage risk of equity. Whether you are trading just for few dollars, or to supplement your full time job, or to grow an account, etc. you need to consider what your money management strategy work best for your business. I posted one of my account using myfxbook to show you that trading...
Hi Emmanuel, MMS pdf is extremely helpful - excellent
Happy New Year
Ray
  • #48,017
  • Dec 31, 2014 7:43am Dec 31, 2014 7:43am
Quoting steadyrandy
{quote} I guess it stuck in my mind from reading so much of the thread...
Steadyrandy,

That quote must have been from a long time ago
(I haven't traded with a 5 ema shift 2 for years).

I use the pac, the 5 ema shift 2 was the ema that
Eelfranz first used when he put together Tms in 2008. Later on
he dropped the 5 ema all together and went with just the tdi cross.

But way to go/read...
sj
  • #48,018
  • Dec 31, 2014 8:07am Dec 31, 2014 8:07am
Just Short AUDUSD on 4hr TF & Short NZDUSD
Attached Image(s) (click to enlarge)
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  • #48,019
  • Dec 31, 2014 8:36am Dec 31, 2014 8:36am
Quoting dennis4u15
Hi Guys, How does this Eur/Cad buy look...it is risky as it is counter trend and right inside the guppy...but the trigger candle and momentum looks good..Any input guys Regards Dennis {image}

Dennis,

On your M30 chart, look to the left, do you see resistance? what is that resistance?

do you see consolidation and what is that level this happens?

You have the moving averages on your chart, use them and trade away from them. Also trade away from Day Open for continuation.

Learn to trade only high probability setups. It will bring you more win trades and build up confidence.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,020
  • Dec 31, 2014 10:03am Dec 31, 2014 10:03am
AUDUSD +1pip
NZDUSD +1pip
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