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Trading Made Simple

  • #57,801
  • Jun 11, 2015 11:57pm Jun 11, 2015 11:57pm
Quoting emmanuel7788
Swing High / Swing Low .... How do we identify them when we trade TMS 5-Method? here is one page taken out of my own study notes. these 5-bars pattern can be seen in all different timeframes. there are also other 5-Method reversal patterns ... which we can take the trade setups using APB#1 and #2 candles. they all have to do with 'big candles' and 'small candles', when PA is 'flat', 'resting', etc. {image}
Thanks for sharing your own study notes... Very helpful as always.

Best
N
  • #57,802
  • Jun 12, 2015 12:13am Jun 12, 2015 12:13am
Quoting emmanuel7788
{quote} Hi shay, You need to look beyond the number of pips. There is $value per pip to consider. There is spread to consider and also the spread vs ADR ratio. Lots of other basic forex stuff. Do you know that a trader who makes 100pips per week can make more money that one who makes 1000pips per week. Tell me how much money you want to make in 20 trading days?

like how? Because I have always thought more pips equate to more ka-ching!
  • #57,803
  • Jun 12, 2015 12:13am Jun 12, 2015 12:13am
Quoting emmanuel7788
{quote} PRICE ACTION, PRICE ACTION, PRICE ACTION, PRICE ACTION, PRICE ACTION,... Hi HSN, This PA thing is so huge that I will never be able to learn all about it in my life time. Since we are all here discussing Trading made Simple which is the 5-Method, I think we keep should keep PA simple by limiting to what is relevant and applicable to this 5-Method. We started by identifying what Big E described as 'big candles' and 'small candles' in his 1324 posts and his training charts. We narrowed these down to five basic PA price bar/candlesticks patterns...
Thanks Emman! This is my reading tonight! TGIF!
  • #57,804
  • Jun 12, 2015 12:38am Jun 12, 2015 12:38am
Quoting birdnest
{quote} like how? Because I have always thought more pips equate to more ka-ching!

you want to know How?

first, you need to tell me how much money you want to make in 20 trading days.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,805
  • Jun 12, 2015 12:41am Jun 12, 2015 12:41am
Quoting Donquixote
already drag and drop this indicator but nothing happen {file} my broker is fxcm and how to use this? {image} when i drag and drop it , this picture that come out {file} anyone can help?

Hi Don,

why do you keep posting with attachments which were already posted in previous posts in this thread.

you can simply refer to the old post number or use the link and ask your questions.

this way, the number of attachments wont get longer than it already is.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,806
  • Jun 12, 2015 12:46am Jun 12, 2015 12:46am
What did Big E say about the 3 Amigos? AU, EU and GU.

In the past 3 hours, they seem to be riding in the same direction. But do you know which of the 3 Amigo actually is leading the market?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,807
  • Jun 12, 2015 12:57am Jun 12, 2015 12:57am
Quoting rupasi
{quote} Hi there Akiro, You're right, there is alot of material. The suggestions I was given when I asked the same question were 1. Read all of Big E's posts. He started this thread and left a legacy. His comments seem simple (which they are) but they are also just about everything you will need to succeed. (Click on the paperclip in the top and sort it by name. Some excellent trader member compiled them all onto a pdf or two.) 2. There are other elder members who have continuing great advice. There are people like Emmanuel7788, Snarlyjack, TSS,...
To new TMS traders, newbies traders, follow what this post above suggested and u will understand how to trade based on TMS , surely but slowly u will reach the goal
I Have Learned to Take Some Losses to Make Profits
  • #57,808
  • Jun 12, 2015 1:27am Jun 12, 2015 1:27am
Quoting emmanuel7788
What did Big E say about the 3 Amigos? AU, EU and GU. In the past 3 hours, they seem to be riding in the same direction. But do you know which of the 3 Amigo actually is leading the market?
This is an interesting question as i have been following all three since tokyo open . . . i would guess GU, but it's nothing more than a pure guess.
  • #57,809
  • Jun 12, 2015 1:29am Jun 12, 2015 1:29am
Quoting Nik-Nyc
{quote} This is an interesting question as i have been following all three since tokyo open . . . i would guess GU, but it's nothing more than a pure guess.
when London session opens, it is often GU that will lead ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,810
  • Jun 12, 2015 1:32am Jun 12, 2015 1:32am
Quoting birdnest
{quote} like how? Because I have always thought more pips equate to more ka-ching!
As an example using same lot size EURUSD 1 pip = $1 EURAUD 1 pip = $0.77
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,811
  • Jun 12, 2015 1:40am Jun 12, 2015 1:40am
Quoting Lookleft
{quote} As an example using same lot size EURUSD 1 pip = $1 EURAUD 1 pip = $0.77
well, if anyone wants to make many pips per week, then look at USDNOK.

Attached Image (click to enlarge)
Click to Enlarge Name: USDNOK Volatility.png Size: 29 KB


what is the $value per pips?
spread to ADR ratio?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,812
  • Jun 12, 2015 1:47am Jun 12, 2015 1:47am
Quoting birdnest
{quote} like how? Because I have always thought more pips equate to more ka-ching!
Birdnest,

Emmanuel is right. Whilst many traders find it useful to work in terms of pips, pip numbers give no indication of actual monetary earnings. See two examples below:

1. H4 chart: SL is 100 pips. TP is 400 pips. R:R = 1:4. Order size is 1 standard lot (1 pip = Approx. $10) -> TP hit = (400 pips x $10) = $4000

2. H1 chart: SL is 25 pips. TP is 100 pips. R:R = 1:4. Order size is 10 standard lots (1 pip = Approx. $100) -> TP hit = (100 pips x $100) = $10,000

You can see that even with a smaller TP, its still possible to create generate more money. Its all to do with how you setup your lot sizes when you place your orders.

Hope this helps

Ballistical
Focus on the process and the profits will follow
  • #57,813
  • Jun 12, 2015 2:49am Jun 12, 2015 2:49am
I think some traders use position sizing, risk 2%, 5% each trade, so it doesn't matter amount of pips just where you put SL and TP. Then some use fixed lot size, so make 50 pips = $5 / $50 / $500 etc <- i use this method
  • #57,814
  • Jun 12, 2015 3:18am Jun 12, 2015 3:18am
anyone long on GJ?
  • #57,815
  • Jun 12, 2015 3:28am Jun 12, 2015 3:28am
Quoting emmanuel7788
{quote} PRICE ACTION, PRICE ACTION....If there is any secrets of TMS 5-Method, then the answer is in the '5'. regards,
Hi Emmanuel 7788! Thnx a lot. Now this is an ample food for thought over this weekend.

Regards,

Attached Image
Winners Never Quit, Quitters Never Win
  • #57,816
  • Jun 12, 2015 3:28am Jun 12, 2015 3:28am
Quoting emmanuel7788
EURAUD H1 trades closed. {image} trades managed using CaveManager. Instead of using the script to place 3-multi-lot entries with 3 TPs, I use 1 single lot entry and let CM do the TP_By_Batch which is similar to the 3-multi-lot entries with 3_TPs.
Nice as usual emmanuel, I wonder what settings am missing in CM , it dosent move stop to BE ??? closing batches is fine, setting stop and tp is fine also, only what other settings am missing for stop to move to BE , attached below is the preset am currently using
Attached File(s)
File Type: zip 50 pips set.zip   1 KB | 750 downloads
I Have Learned to Take Some Losses to Make Profits
  • #57,817
  • Jun 12, 2015 4:10am Jun 12, 2015 4:10am
Quoting shay14
anyone long on GJ?
I'm looking closely but it never broke through the prev week high so I need to see some confirmation. Also on my TDI it's not even a valid signal yet on 1H
  • #57,818
  • Jun 12, 2015 4:28am Jun 12, 2015 4:28am
Quoting TheScorpS
{quote} Nice as usual emmanuel, I wonder what settings am missing in CM , it dosent move stop to BE ??? closing batches is fine, setting stop and tp is fine also, only what other settings am missing for stop to move to BE , attached below is the preset am currently using {file}
Hi TSS
CM does not actually move the S/L line on the chart to BE so you don't see it. In the status you will see Capital Protection change to active. CM uses it's internal code to close the order if BE is reached.
Hope this helps.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,819
  • Jun 12, 2015 4:31am Jun 12, 2015 4:31am
Hello traders

I read somewhere there are 2 types of TDi indicator? One which displays when the candel appears, and one which prints in real time ?
Can someone please past me the real time one please not sure which is the best one?

Thank you
  • #57,820
  • Jun 12, 2015 4:32am Jun 12, 2015 4:32am
EA trade long at LO , trend established at Asian session, took the breakout of FO H1 bar with TDI crossover , 3 lots entry +90 pips

Still learning to use CM , so last lot closed at +40 pips instead of 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H1.jpg Size: 326 KB
I Have Learned to Take Some Losses to Make Profits
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