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Trading Made Simple

  • #62,681
  • Nov 6, 2015 8:22pm Nov 6, 2015 8:22pm
Quoting emmanuel7788
{quote} XAUUSD Update NFP closing: what a great drop into empty space with NFP favor the USD as in all other currency pairs. Next week should catch this momentum with trailing stops above 5Nov high (2-day Candles Look Back rule) with target 1081.3. {image}
HI emmanuel.where can I find some thing about "2-day Candles Look Back rule" to study?
thank you for your help.
  • #62,682
  • Nov 6, 2015 8:34pm Nov 6, 2015 8:34pm
Emmanuel,

Today, NFP Friday turned out to be a very interesting day
in a lot of ways! The US Dollar went way up in value!

Here in the USA today on CNBC tv (business news) the talk all day was
that the Fed. will raise interest rates 1/4% this December. Then a slow
progression of interest rates hikes, 1/4% at a time.

Forex could get very interesting in the future if volatility picks up.
We should teach the newer traders how to set emergency stops &
how to protect themselves in volatile markets.

I went into NFP in a neutral position & watched the action. The different
currencies that I watch blew through s/r & all of the levels that I watch.
It was a interesting day!

What are your thoughts?
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 34 KB
  • #62,683
  • Nov 6, 2015 8:49pm Nov 6, 2015 8:49pm
Quoting emmanuel7788
{quote} Hi LvCa, It is a terrible thing to lose $500 hard earned money trading this brutal forex market. You are very honest to post this and there are many lessons you can learn from this experience. Take Care!
This is a golden post , understand it well, implement it in your trading life style, I have been with TMS ever since started trading , the same strategy, same thoughts, same TFs, following one way only and one goal only, its my 3rd year now and still developing that edge which puts me one step ahead in the market

I have 2 questions Emmanuel

1- In my plan I addressed my Risk Management, but I still cant seem to implement that in the market, still don't have that mindful toughness to cut my looser short based on that Risk Management plan, any idea how to start implementing that ?

2- Whats a recovery plan ?

Thanks for very good post
I Have Learned to Take Some Losses to Make Profits
  • #62,684
  • Nov 6, 2015 9:56pm Nov 6, 2015 9:56pm
Quoting emmanuel7788
{quote} I have to thank FF member lovevery1. He opend my my 3rd eye to the proper use of the 10EMA in his thread : http://www.forexfactory.com/showthread.php?t=345586 and also X-man for his trading experience and knowlegde shared in FF. http://www.forexfactory.com/showthread.php?t=327972 these are the only three 'systems' here in FF which trade the way TMS 5-method is. No extra indicators...
Hi Emmanuel,I am also aware of the two threads you mentioned, I frequently visit them. But I noticed they are not so active like TMS, I don't know why. Have I nice weekend.Okoso
  • #62,685
  • Nov 6, 2015 11:54pm Nov 6, 2015 11:54pm
Quoting emmanuel7788
{quote} Hi, 5th H1 APB candle is the 2nd H4 candle.... do you see that? {image} On H1, look at the TOK_5H high-low range On H4, that was entry during the APB#2, a BUOB bullish outside bar breakout. this is an example of a A+++ setup. And I said we can trade H4 using a H1 chart all day and no worries about different broker server time showing different H4 candles, etc. regards,
thanks for your guidence. I did not look that.mk
  • #62,686
  • Nov 7, 2015 12:21am Nov 7, 2015 12:21am
Hello
I had an idea that maybe it would be very convenient if there were an indicator that would draw bars, painted in the colors of Synergy PRO APB. We would see the real size bar, but the color on Synergy PRO APB.
Perhaps it would be convenient - easy chart, it is easier to identify patterns, especially beginners ..
What do you think?
  • #62,687
  • Nov 7, 2015 12:39am Nov 7, 2015 12:39am
Quoting secondpath
{quote} HI emmanuel.where can I find some thing about "2-day Candles Look Back rule" to study? thank you for your help.

Hi,

I did post many times mentioning this 2-candles look back for SL. It helps to read my posts on regular basis and catch up.

here is another example for this week EURUSD D1 chart trading.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD using 2Days Candles Look Back..png Size: 61 KB


This 2-candle look back technique, is a good way to trail the market when we trade Day charts. Gold is another very good example how many of us made our money last week and into this week.
You can also apply this technique when trading H4 when you trade continuation trade setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,688
  • Nov 7, 2015 12:41am Nov 7, 2015 12:41am
Hi Emm,

how do i enter a good H4 trade?
  • #62,689
  • Edited 1:04am Nov 7, 2015 12:43am | Edited 1:04am
Quoting Migleon
Hello I had an idea that maybe it would be very convenient if there were an indicator that would draw bars, painted in the colors of Synergy PRO APB. We would see the real size bar, but the color on Synergy PRO APB. Perhaps it would be convenient - easy chart, it is easier to identify patterns, especially beginners .. What do you think?

Very good idea. Thought of before and I know someone actually did that the other way around.

She draws the APB as bar chart over the original Japanese candles.

But that would be the same problem because many of us trade with non-MT4 and also using Android OS and we do not have the APB and the TDI.
What do we do?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,690
  • Nov 7, 2015 12:43am Nov 7, 2015 12:43am
Quoting jeff90
Hi Emm, how do i enter a good H4 trade?

What? .... the same way I enter any trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,691
  • Nov 7, 2015 12:43am Nov 7, 2015 12:43am
Express my own opinion ...
For beginners in Forex TMS system is not simple. For various reasons.
Beginners impresses the word "simple" in the name of the method. Maybe even we (newcomers) are beginning to read thread with a post#1, but how many of us have read at least all the records BigE? Very interesting to see how priorities change in the method. First, we read that; #1 - the cross of green and red lines. Then we read that Bige performs in front of the preliminary work that makes every trader (novice in forex is not clear what kind of work). Then BigE mentions that he takes in the work of only the most reliable setups. And then, finally, the emphasis that #1 - is Price Action and #2 - TDI .....
So now I have to learn simple things - a certain level, and training in define areas and search of patterns...

Regards
  • #62,692
  • Nov 7, 2015 12:47am Nov 7, 2015 12:47am
Quoting okoso
{quote} Hi Emmanuel,I am also aware of the two threads you mentioned, I frequently visit them. But I noticed they are not so active like TMS, I don't know why. Have I nice weekend.Okoso

I know the history of these two threads very well. We were in the skype group discussions for sometime until when things happened. That's when the OP decided to stop posting.
It is history now, we look forward and moved on.
These are the only two original TMS threads. The others new thread died soon after they started.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,693
  • Edited 1:05am Nov 7, 2015 12:55am | Edited 1:05am
Quoting Migleon
Express my own opinion ... For beginners in Forex TMS system is not simple. For various reasons. Beginners impresses the word "simple" in the name of the method. Maybe even we (newcomers) are beginning to read thread with a post#1, but how many of us have read at least all the records BigE? Very interesting to see how priorities change in the method. First, we read that; #1 - the cross of green and red lines. Then we read that Bige performs in front of the preliminary work that makes every trader (novice in forex is not clear what kind of work)....

I have no doubt the method is simple and shall remain simple. It is in fact this a discretionary simple method. This make the difference why some traders made it while many others struggles to get it working for them. It all boils down to the market knowledge and trading experience of the trader.
FF is a nice meeting place for online chatter but one will never make it to become a successful trader learning from FF. Most of the learning must be from outside FF.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,694
  • Nov 7, 2015 1:15am Nov 7, 2015 1:15am
Can some one tell me what is right and wrong with this chart below?

Attached Image (click to enlarge)
Click to Enlarge Name: Pivot story.png Size: 91 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,695
  • Nov 7, 2015 1:18am Nov 7, 2015 1:18am
Quoting emmanuel7788
Can some one tell me what is right and wrong with this chart below? {image}
Hi, Big Emm!

I've never seen you use pivots before.
  • #62,696
  • Nov 7, 2015 1:21am Nov 7, 2015 1:21am
Quoting emmanuel7788
Can some one tell me what is right and wrong with this chart below? {image}
That is the D1 chart. We don't use APB for drawing S/R levels. We use Japanese candlesticks. Is this the wrong issue? And the pivots also.
  • #62,697
  • Nov 7, 2015 1:25am Nov 7, 2015 1:25am
APB is average price bars they dont show proper OHLC , one cant put S/R based on APB , S/R should be based on line chart ( read babypips S/R article), as for pivots dont use it
  • #62,698
  • Nov 7, 2015 1:28am Nov 7, 2015 1:28am
Quoting atiq84
APB is average price bars they dont show proper OHLC , one cant put S/R based on APB , S/R should be based on line chart ( read babypips S/R article), as for pivots dont use it
Line chart is for M1 and W1. I mean the way Big Emm does it.
  • #62,699
  • Nov 7, 2015 1:30am Nov 7, 2015 1:30am
I am curious to see the right answer. But unfortunately, I have to go out. It's the ATM day. I can hardly wait to read the answer when I get back. See ya, guys!
  • #62,700
  • Nov 7, 2015 1:30am Nov 7, 2015 1:30am
Quoting catalin_eros
{quote} Hi, Big Emm! I've never seen you use pivots before.
Quoting catalin_eros
{quote} That is the D1 chart. We don't use APB for drawing S/R levels. We use Japanese candlesticks. Is this the wrong issue? And the pivots also.
After years of trading, I stopped using pivots because they are very consistent "inaccurate" as support and resistance.

We all have heard that the market remembers where it had been to in history and repeats itself. Therefore we use history prices to draw them as support and resistance. But we have never seen he market knows the future by using pivots and then see what it had been to its history.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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