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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #56,521
  • May 5, 2015 8:31pm May 5, 2015 8:31pm
[quote=Next4467;8246042]
Quoting TheScorpS
{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

Hi Next,

You can use CM to set different exits at defined number of pips after you placed one single entry order. CM will only move the SL for the remaining open order but not individually for the different batch exits.
Two important things to know:
1) when we run CM in our trading PC, we must make sure the PC is running when we have open trades manage by CM.
2) we must not change the chart timeframe when we have open trades manage by CM.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,522
  • May 5, 2015 8:33pm May 5, 2015 8:33pm
GN was super exciting this morning!
  • #56,523
  • May 5, 2015 8:48pm May 5, 2015 8:48pm
Quoting hsn100
Hi Big Emm! i'm on GU trade with CM setting as u described. Your's analysis/recommendations/corrections needed! Regards, {image}
Hi HSN,

just follow my last 3 weeks post on GBPUSD, the current pull back from the Monthly highs seen on D1 chart but no sellers.
Wait till the UK elections is over to see what the market confidence would be like in the newly elected party or coalition parties to form the Government.
Meantime trade H1.

regard,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,524
  • Edited May 6, 2015 11:33am May 5, 2015 11:18pm | Edited May 6, 2015 11:33am
Good afternoon EMMANUEL,

I am using DOTs (V3) which was shared by you once. I have gone thorough the menuals too. At the end, i have set up my chart. Would u be kind enough to check whether I have set up the indicator correctly or not.

Thnks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: DOTS_a.png Size: 135 KB
  • #56,525
  • Edited 1:08am May 6, 2015 12:57am | Edited 1:08am
Quoting joynal2u
Good afternoon EMMANUEL, I am using DOTs (V3) which was shared by you once. I have gone thorough the menuals too. At the end, i have set up my chart. Would u be kind enough to check whether I have set up the indicator correctly or not. Thnks in advance. {file} {image}

Hi,

That DOTs trading was posted by other members not me. DOTs is a commercial product of CompassFx and has nothing to do with TMS 5-Method.

When you set up that indicator, you need to align the broker server time and the London open hour according to what your chart shows.
On your Market watch window you will see your broker server time. You align that with what the GMT time is.
London is now GMT+1 with DayLightSavings DST. So you need to align that time on your chart setting too.
All time references are made to the actual GMT clock time.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,526
  • May 6, 2015 1:22am May 6, 2015 1:22am
Quoting joynal2u
Good afternoon EMMANUEL, I am using DOTs (V3) which was shared by you once. I have gone thorough the menuals too. At the end, i have set up my chart. Would u be kind enough to check whether I have set up the indicator correctly or not. Thnks in advance. {file} {image}
You might want to consider not making that indicator public.
Judging from the name DOTS_Method_v3-02(edu).ex4, it has been "educated", call home removed sort of speaking
  • #56,527
  • May 6, 2015 1:27am May 6, 2015 1:27am
Quoting pinux76
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...
Hi Pinux,

Manage-Losses by batch.
This is to reduce your open position by taking small losses when your trade is caught in a retracement immediately after your entry. This happens often and you did not have any chance to take partial profits by scaling-out.
below is an example showing how your overall risk can be reduced by taking out some portions of your open position with small losses instead of one huge total loss of -50pips.

Attached Image (click to enlarge)
Click to Enlarge Name: CM Manage Losses example.png Size: 68 KB


The other example below how to combine this Manage Losses by batch and the classic Trailing Stop.

This demo trade is running now and we shall keep update how it will turn out.

Attached Image (click to enlarge)
Click to Enlarge Name: CM classic trailing stop and manage losses.png Size: 104 KB


Hope this explains and answer your questions.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,528
  • May 6, 2015 2:05am May 6, 2015 2:05am
Quoting emmanuel7788
{quote} Hi Pinux, Manage-Losses by batch. This is to reduce your open position by taking small losses when your trade is caught in a retracement immediately after your entry. This happens often and you did not have any chance to take partial profits by scaling-out. below is an example showing how your overall risk can be reduced by taking out some portions of your open position with small losses instead of one huge total loss of -50pips. {image} The other example below how to combine this Manage Losses by batch and the classic Trailing Stop. This...

First thanks for your help and answer
now i have understood the "loss batch" :-)

My idea was a "stop loss" jump from the initial value (ex 50pips.) -> when the price go the first take profit, ( +25 pips) , the stop loss decrease to -25 pip below entry for have the tradde more "space for not was hit" ,and the trade is free from loss , if i set "trailing stop 20" the stop loss go directly from -50 to entry price ora above not?

But my bad english is a wall for speak me clearly i think
thanks far all and good trade
  • #56,529
  • May 6, 2015 2:46am May 6, 2015 2:46am
Quoting Karado58
{quote} 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!!
ehe... just my newbie thoughts... so much to learn and develop in here
Much thanks to senior traders Emmanuel, TSS, omonisha and so many others who are keeping the TMS thread alive, so that aspiring traders like me can grow one day to be successful (hopefully) <3
  • #56,530
  • May 6, 2015 3:09am May 6, 2015 3:09am
GBPAUD 6May M15 entry trade:

This type of M15 setup are common. You need to be patient and wait for the setup to show up.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 6May M15 entry FO.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,531
  • May 6, 2015 3:15am May 6, 2015 3:15am
Quoting mazingaz
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
What are A+++ setups?
They are high probability trade setups seen with these 10 things on our charts.
Price Action
Trend
Multi-Time Frame
Momentum
Support and Resistance
Continuation
Volatility
Market Strength
Range
Timing
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,532
  • May 6, 2015 3:23am May 6, 2015 3:23am
Hi all, Emmanuel77 please show an exemple with achart and details these 10 things on the chart.
  • #56,533
  • May 6, 2015 3:25am May 6, 2015 3:25am
Experts,

Please help guide me. I'm constantly running into trade situations like the one highlight in below. TDI angle looks good, bar is big enough and stochs are confirming. How to avoid such entries or at least how to handle such trades once i'm in?

Attached Image




Thanks so much
Y
  • #56,534
  • May 6, 2015 3:28am May 6, 2015 3:28am
GA Entry on a classic Triple Top and PCRF formation on LO. Entry aggressive on third setup candle.

Trade lasted 38 minutes, TP hit 7 minutes before red news on GBP. Was gonna close it anyway if TP wouldn't have been hit.
Order on a break of APRIL LOW (1.9)

Attached Image (click to enlarge)
Click to Enlarge Name: GA.png Size: 52 KB


A great day everyone and watch for non-farm news!

BULLISH News on GBP!
Best regards, Zef
  • #56,535
  • May 6, 2015 4:05am May 6, 2015 4:05am
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...
Hope This is not" goodbye."
  • #56,536
  • May 6, 2015 4:06am May 6, 2015 4:06am
Quoting vyedlapalli
Experts, Please help guide me. I'm constantly running into trade situations like the one highlight in below. TDI angle looks good, bar is big enough and stochs are confirming. How to avoid such entries or at least how to handle such trades once i'm in? {image} Thanks so much Y

You can be your own expert by doing this.

Attached Image (click to enlarge)
Click to Enlarge Name: TDI trading style.png Size: 143 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,537
  • May 6, 2015 4:08am May 6, 2015 4:08am
Quoting jeank
Hi all, Emmanuel77 please show an exemple with achart and details these 10 things on the chart.

the skills to see the 10 things are on the GBPAUD trade chart posted earlier ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,538
  • May 6, 2015 4:22am May 6, 2015 4:22am
Quoting emmanuel7788
GBPAUD 6May M15 entry trade: This type of M15 setup are common. You need to be patient and wait for the setup to show up. {image}
Hi emmanuel
Nice trade but isn't it risky to sell nearby structure? were there other factors you considered that will help break the support (ie News, Fast price movement?)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.png Size: 56 KB
  • #56,539
  • May 6, 2015 4:37am May 6, 2015 4:37am
What a complicated week for me so far. It is as if someone tries to discredit TMS.
Demand is not one wants, but what one can pay for
  • #56,540
  • May 6, 2015 5:04am May 6, 2015 5:04am
Quoting roterio
What a complicated week for me so far. It is as if someone tries to discredit TMS.
You are not the only one, I've made many mistakes this week and experiencing drawndown of amost 20%

look at this one!
Attached Image (click to enlarge)
Click to Enlarge Name: 1212.PNG Size: 44 KB


Im literally staying in the bad ones and closing the good ones

Backing to demo account to build more confidence, im lacking in Patience and not sure what else, hope I discover soon
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