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Trading Made Simple

  • #56,501
  • May 5, 2015 7:39am May 5, 2015 7:39am
Quoting arize
{quote} Lol thanks that's what I was missing feel noobish now
duhhh smh
  • #56,502
  • May 5, 2015 7:40am May 5, 2015 7:40am
Hi Emmanuel 7788

about this "
You can consider your exit percentage of the trades.
TP1 to exit 50% at +25pips that will give you 1R (2 x 0.5R)
TP2 to exit 25% at +50pips that will give your 1R.
TP3 to exit 25% at +100pips that will give you 2R.
The win rate for TP1 is very high above 85% and this is very important to use multi-lot entry.
Exit management:
- you can consider reducing risk for TP2 by moving its SL to -25pips(0.5R) after TP1 exit.
- also TP3 can be reduce the same way or you move only when market move 50pips (1R).
You can use this same money management and exit strategy for higher TF trading."

What are the settings for the stop loss with cavemanager fot have this type of stop loss??
I can't find some similar setting :-(
thanks

if I use UseNoLossAfterPips = true at 25 pips -> stop go to entry price
i want it was -25 from price entry when exit at 1 target price etc etc

i don't understand
UseLoss_by_Batch = true; // Manage losses by batches
Loss_1st_Batch_Lots_Percent = 25; // Percentage of position for 1st batch with Loss_1st_Batch_Pips Losses
Loss_2nd_Batch_Lots_Percent = 25; // Percentage of position for 2nd batch with Loss_2nd_Batch_Pips Losses
Loss_3rd_Batch_Lots_Percent = 50; // Percentage of position for 3rd batch with Loss_3rd_Batch_Pips Losses
Loss_1st_Batch_Pips = 10; // No. of Pips from Open Price for 1st batch loss incurred
Loss_2nd_Batch_Pips = 20; // No. of Pips from Open Price for 2nd batch loss incurred
Loss_3rd_Batch_Pips = 30; // No. of Pips from Open Price for 3rd batch loss incurred

if can help me with the setting
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  • #56,503
  • Edited 8:51am May 5, 2015 7:59am | Edited 8:51am
EA H1 was set on a pending order based on Trend line on H1, set and forget trade so to speak, final TP at +200 pips

Final TP achieved
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I Have Learned to Take Some Losses to Make Profits
  • #56,504
  • May 5, 2015 9:29am May 5, 2015 9:29am
Quoting TheScorpS
EA H1 was set on a pending order based on Trend line on H1, set and forget trade so to speak, final TP at +200 pips Final TP achieved {image} {image}
Excellent green TS
Sad i'm not trying to understand PA
  • #56,505
  • May 5, 2015 9:40am May 5, 2015 9:40am
Quoting TheScorpS
EA H1 was set on a pending order based on Trend line on H1, set and forget trade so to speak, final TP at +200 pips Final TP achieved {image} {image}
Hi TS! Very nice trade, congrats. Just want to know what is meant by "Trend line on H1", sorry if u have already answered this question.

Regards,
Winners Never Quit, Quitters Never Win
  • #56,506
  • May 5, 2015 9:43am May 5, 2015 9:43am
Quoting TheScorpS
EA H1 was set on a pending order based on Trend line on H1, set and forget trade so to speak, final TP at +200 pips Final TP achieved {image} {image}
Wow that's amazing...200 pips
Please let us know the reasoning and how you entered the trade so newbie traders like me can learn

I just can't find a right setup the whole day
  • #56,507
  • May 5, 2015 9:54am May 5, 2015 9:54am
EA Daily moving down aided by news - more negative incoming this week it seems like.

MBL not quite where we'd like to see it.

However 170 pips still on the table until nearest structure at 1.39.

TDI looks like it's going to print a nice cross when the new candle shows up, moving away from 200 and 800 ema and no structure for 200 pips.


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Best regards, Zef
  • #56,508
  • May 5, 2015 10:05am May 5, 2015 10:05am
Quoting omonisha
{quote} Excellent green TS
Thanks OS, all because ur charts helps us
I Have Learned to Take Some Losses to Make Profits
  • #56,509
  • May 5, 2015 10:12am May 5, 2015 10:12am
Quoting arize
{quote} Wow that's amazing...200 pips Please let us know the reasoning and how you entered the trade so newbie traders like me can learn I just can't find a right setup the whole day
Finding trades with TMS might take you time, lots of time, but at the end you will get a lot of trades and most of them will be successful trades, at one stage I was in ur position with time it become easier

Quoting hsn100
{quote} Hi TS! Very nice trade, congrats. Just want to know what is meant by "Trend line on H1", sorry if u have already answered this question. Regards,
I had short bias on EA and since news was due, it was only finding a plan, based on structure I added my pending order way above than potentially price could reach without a news spike, so I was waiting an outside bar to get me in the trade , which happened, based on double triple tops and trendline forming, I didn't expect price to push above those resistance levels at least at this stage
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I Have Learned to Take Some Losses to Make Profits
  • #56,510
  • May 5, 2015 10:16am May 5, 2015 10:16am
My first practice trade...please critique.

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  • #56,511
  • May 5, 2015 11:49am May 5, 2015 11:49am
Quoting TheScorpS
EA H1 was set on a pending order based on Trend line on H1, set and forget trade so to speak, final TP at +200 pips Final TP achieved {image} {image}
Excellent trade TSS. Your entry was perfect. Best I could manage was BE as the news spiked above previous structure and drew back
Focus on the process and the profits will follow
  • #56,512
  • May 5, 2015 12:36pm May 5, 2015 12:36pm
I seem to be suffering from the overtrading syndrome lately I am seeing signals everywhere... I have seen people making reference to A+++ set ups, I know this has been probably covered already, but could anyone explain what this set up involve?
Thanks
  • #56,513
  • May 5, 2015 1:23pm May 5, 2015 1:23pm
EURUSD
First trade today I entered 5 pips below FO, targeting the bottom of the channel or the 1.1050 aerea at least, it moved down a bit and then formed a pull back candle and then I closed it for -15. With indsight I think I should have looked more to the left of the chart as there was a structure around that area, so maybe this could have been avoided.
The second trade maybe I entered too late, I waited for price to move out of the down channel and above the daily open, it nearly took out my stop loss but then moved back up to +30, +50 and +20. Maybe after the pull back candle I could have just waited for price to move out of the pac at the end of APB2 and got 20 more pips? any comments are welcomed.
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  • #56,514
  • May 5, 2015 1:32pm May 5, 2015 1:32pm
Quoting Karado58
My first practice trade...please critique. {image}
Looks decent, price may want to retest 135.000. The SL looks a bit tight though, since this is a H4 trade it may go for days, not much movement now too since its nearing end of NYO
  • #56,515
  • Edited 2:46pm May 5, 2015 2:29pm | Edited 2:46pm
hello
ive just stumbled upon this thred looks very long so there must some success with method of trading could someone please tell me if this is a profitable method?
just noiced the guy who started this has passed away may he rest in peace.
thanks you
  • #56,516
  • May 5, 2015 2:40pm May 5, 2015 2:40pm
[quote=TheScorpS;8245734]{quote} Finding trades with TMS might take you time, lots of time, but at the end you will get a lot of trades and most of them will be successful trades, at one stage I was in ur position with time it become easier {quote} I had short bias on EA and since news was due, it was only finding a plan, based on structure I added my pending order way above than potentially price could reach without a news spike, so I was waiting an outside bar to get me in......

Very nice TSS, clever entry
  • #56,517
  • May 5, 2015 2:45pm May 5, 2015 2:45pm
[quote=emmanuel7788;8243779]{quote} If you use a SL of 50pips for all positions that will by your Risk 'R'. The daily volatility is above 100 pips, so when we get a good reversal entry, this 100 pips is easily reached. You can consider your exit percentage of the trades. TP1 to exit 50% at +25pips that will give you 1R (2 x 0.5R) TP2 to exit 25% at +50pips that will give your 1R. TP3 to exit 25% at +100pips that will give you 2R. The win rate for TP1 is very high above 85% and this is very important to use multi-lot entry. Exit management: - you can consider reducing risk for TP2 by moving its SL to -25pips(0.5R) after TP1 exit. - also TP3 can be reduce the same way or you move only when market move 50pips (1R).

Hi Emmanuel great exit strategy, I can set the 3 TPs with CM but is it possible to use CM to alter the SL at each TP as you suggest or does that have to be done manually. Sorry if you have already answered this.
Thanks
  • #56,518
  • May 5, 2015 3:01pm May 5, 2015 3:01pm
Quoting arize
{quote} Looks decent, price may want to retest 135.000. The SL looks a bit tight though, since this is a H4 trade it may go for days, not much movement now too since its nearing end of NYO
Thank you @arize, your thoughts, very much appreciated!!

There is so much to read and learn! TMS reminds me of Bruce Lee's Jeet Kune Do. It is but a nucleus and never an end in itself; allowing for individual freedom, growth, personalization and discovery!

Your memory stays alive...thank you Big E!!
  • #56,519
  • May 5, 2015 4:10pm May 5, 2015 4:10pm
AUDUSD H1:
Looks good to me.
Attached Image
  • #56,520
  • May 5, 2015 6:20pm May 5, 2015 6:20pm
Quoting snarlyjack2
Emmanuel & others, I received your e-mail...I'm doing good! (Thank you) My ex-wife died & my son moved in with me so my situation has changed. Here is what I'm doing. I use the Synergy Pro system (in the paperclip). I'm using 2 different set-ups. (1) In the Asia session on the last 4 hour candle before the L/O I'm placing trades on the 4 hour & daily chart. I let these trades run while I'm sleeping through the London session, I liquidate out in my morning N/Y session. Just like Eelfranz taught us. (2) Then I start trading the N/Y session on the...

Dear SJ,

Good to hear from you and know that you are well. Many of us were concern and we are now relieved to hear from you.

You being one of the pioneer member in the early years with eelfranz and you are a very good example of how TMS can be made into a personal winning system with diligent work, experience and time put into this to make this trading business successful. New traders to TMS have a lot to learn here and develop themselves to become better traders. It is great to have you with us.

Last Sunday 26 April was the 4th year since eelfranz started this thread and moved the 5-Method discussions here. I had that date on my calendar and had planned to do somethings for TMS and this thread. But when that terrible earthquake in Nepal happened, my priority changed and my thoughts were with the Nepalese people.

To keep things short here, it is just good feelings for many of to hear from you. Take care!

Best wishes,

Emmanuel
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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