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Trading Made Simple

  • #63,741
  • Nov 25, 2015 3:15pm Nov 25, 2015 3:15pm
Quoting emmanuel7788
{quote} well, put all 3 on a chart and see which serves your purpose. {image} I pick CONSISTENCY in application of the 10EMA, 50EMA and 200EMA ...
I would say the exponential is the one majority of traders use
  • #63,742
  • Nov 25, 2015 3:31pm Nov 25, 2015 3:31pm
Quoting emmanuel7788
Just closed a few more trades for this week and start winding down and stop trading in the next few days. Starting in week 51 Dec 14 onwards till the New Year, market liquidity will be thin so it will not make any sense to trade the 4H swing. My MT4 account summary below: Winning trades - 188 Losing trades - 36 Total pips : 13,833 Average Win Pips : 73pips Average Win : $70.30 Average Lot Size : 0.12 std. Average duration of trade : 3Days 19Hours {image}
Hi Emmanuel

Is this Summary for a week.

Please can you up load MT4 account history for same period in excel (csv) if it is not confidential. It will rally help us to when first entry was entered and when M Entry/ M Exit happen.


Thanks

MK
  • #63,743
  • Nov 25, 2015 8:52pm Nov 25, 2015 8:52pm
Hey emmanuel, what indi do you use to display the time to next bar on the botton ?


Thx
  • #63,744
  • Nov 26, 2015 2:01am Nov 26, 2015 2:01am
Quoting mkfx
{quote} Hi Emmanuel Is this Summary for a week. Please can you up load MT4 account history for same period in excel (csv) if it is not confidential. It will rally help us to when first entry was entered and when M Entry/ M Exit happen. Thanks MK
Hi,

The summary is for trades closed in Nov month weeks 47 and 48.

I am not sure how an excel/csv data file of the account history will help you see those trades entries and exits. If you really want to follow my ME/ME trading , you need to read my posts made in the last 3 months to keep up to date.

These are recent posts:
http://www.forexfactory.com/showthre...10#post8599810
http://www.forexfactory.com/showthre...74#post8598174
http://www.forexfactory.com/showthre...27#post8597227

http://www.forexfactory.com/showthre...59#post8593259

Before you can trade with ME/ME, you need to do your Big Picture Plan BPP for the currency pair you want to trade. This BPP will help you identify the market type and also the historical levels which you can trade ME/ME between those levels.

The money management and position sizing had been explained many times in previous posts. The basic concept is to build position during a retracement after a setup candle. Position building is done in a risk managed placing trades entries in pips distance and time delay. It is not to open many trades in very small pips distance in the same price bar/candle.
To trade ME/ME successfully, you need to keep your account Drawdown very small because it is very difficult to recover from drawdowns. You also need to keep your Drawdown period very small and the recovery period just as small. You need to know when your wrong and have to cut losses and do the trade recovery whenever possible. This wioll keep you in this trading business much longer than most other people.

Read this post about
Managing Drawdown .. Post#60,103

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,745
  • Nov 26, 2015 2:04am Nov 26, 2015 2:04am
Quoting Dridzz
Hey emmanuel, what indi do you use to display the time to next bar on the botton ? Thx

here is the latest one showing the remaining bar time in Hour:Min:Sec
Attached File(s)
File Type: ex4 Bar Time H_M_S.ex4   8 KB | 786 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,746
  • Edited 2:40am Nov 26, 2015 2:28am | Edited 2:40am
Quoting emmanuel7788
{quote} Hi, The summary is for trades closed in Nov month weeks 47 and 48. I am not sure how an excel/csv data file of the account history will help you see those trades entries and exits. If you really want to follow my ME/ME trading , you need to read my posts made in the last 3 months to keep up to date. These are recent posts: http://www.forexfactory.com/showthre...10#post8599810 http://www.forexfactory.com/showthre...74#post8598174 http://www.forexfactory.com/showthre...27#post8597227...
Hey Emmanuel,

You have talked about this recovery system quite often I think but I never really read what you do different when you face a drawdown (which is probably one losing trade in your case ). How do you recover this specifically?

Edit: I searched a bit further and understand that this is based on 'Nanningbob's recovery system'. But how have you adapted this to TMS exactly?
  • #63,747
  • Nov 26, 2015 2:34am Nov 26, 2015 2:34am
I am in quite a bad draw down phase at the moment, I have cut my risk down to 0.5% per trade, but the problem I have is with cutting my risk down to 0.5% per trade it will take me a very long time to recover from my draw down??
  • #63,748
  • Nov 26, 2015 3:15am Nov 26, 2015 3:15am
Quoting emmanuel7788
{quote} Hi, The summary is for trades closed in Nov month weeks 47 and 48. I am not sure how an excel/csv data file of the account history will help you see those trades entries and exits. If you really want to follow my ME/ME trading , you need to read my posts made in the last 3 months to keep up to date. These are recent posts: http://www.forexfactory.com/showthre...10#post8599810 http://www.forexfactory.com/showthre...74#post8598174 http://www.forexfactory.com/showthre...27#post8597227...
Thanks Emmanuel

What is normally max floating Net looses DD you seen in these two weeks . the DD shown in graph shows only what loss booked it does not include floating losses.

So it will give some ideas about normal floating loss in this scenario.

Thanks

MK
  • #63,749
  • Nov 26, 2015 3:33am Nov 26, 2015 3:33am
Quoting tibovwh
{quote} Hey Emmanuel, You have talked about this recovery system quite often I think but I never really read what you do different when you face a drawdown (which is probably one losing trade in your case ). How do you recover this specifically? Edit: I searched a bit further and understand that this is based on 'Nanningbob's recovery system'. But how have you adapted this to TMS exactly?
No. I don't use NB recovery system in my ME/ME trading.

There are different recovery methods we developed for ME/ME trading. Will not be sharing the ME/ME Recovery methods now. Let's see how many people are really thinking of ME/ME in their trading business. They have to do this in live demo and learn the basic stuff first and when they do, they will see how the market works.
It is like playing arcade games, the more hours you spend playing, you will rise to higher levels and you know what to expect. But forex trading definitely not playing arcade games which people do as part of their daily entertainment.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,750
  • Nov 26, 2015 3:35am Nov 26, 2015 3:35am
Quoting mkfx
{quote} Thanks Emmanuel What is normally max floating Net looses DD you seen in these two weeks . the DD shown in graph shows only what loss booked it does not include floating losses. So it will give some ideas about normal floating loss in this scenario. Thanks MK

You know R and R-Multiple.
Never let your R be hit. That's the maximum allowed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,751
  • Nov 26, 2015 3:43am Nov 26, 2015 3:43am
that's is true Emmanuel we all have to profit consistently everyday before thinking about me/me trading take the baby steps. Emmanuel after hours of studying yesterday I took a trade on the DAX and ftse 100 4hr followed the trend and worked out really well KEEP IT SIMPLE PEOPLE
  • #63,752
  • Nov 26, 2015 3:46am Nov 26, 2015 3:46am
keeping an eye on gbpaud 4hr for a short waiting for candle close + tdi cross
  • #63,753
  • Nov 26, 2015 3:59am Nov 26, 2015 3:59am
USDCAD H4, will there be repeat of what happened yesterday?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 26 Nov LS.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,754
  • Nov 26, 2015 4:03am Nov 26, 2015 4:03am
Quoting trade786
keeping an eye on gbpaud 4hr for a short waiting for candle close + tdi cross

do you have a 'big candle' rule like Big E? (post#647)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,755
  • Nov 26, 2015 4:05am Nov 26, 2015 4:05am
hasn't finished yet on the 4hr but looks like there's no volatility in the pair
  • #63,756
  • Nov 26, 2015 4:18am Nov 26, 2015 4:18am
Quoting emmanuel7788
{quote} No. I don't use NB recovery system in my ME/ME trading. There are different recovery methods we developed for ME/ME trading. Will not be sharing the ME/ME Recovery methods now. Let's see how many people are really thinking of ME/ME in their trading business. They have to do this in live demo and learn the basic stuff first and when they do, they will see how the market works. It is like playing arcade games, the more hours you spend playing, you will rise to higher levels and you know what to expect. But forex trading definitely not playing...
I would love to learn about your ME/ME Trading Emmanuel
  • #63,757
  • Nov 26, 2015 4:19am Nov 26, 2015 4:19am
Quoting emmanuel7788
{quote} do you have a 'big candle' rule like Big E? (post#647)
I took this 4H cross on EURGBP. I have to agree that we are still in the MC[3] but I think this signal looks pretty good and D1 crossed nicely.

Trading away from DOL and WOL and Away from D1 10EMA.

Is this too agressive?
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2015-11-26 12.15.03.png Size: 96 KB
  • #63,758
  • Nov 26, 2015 4:22am Nov 26, 2015 4:22am
Quoting emmanuel7788
{quote} Hi tibovwh, Thanks. I am having very good time living a fulfilled life enjoying two vacations a year. This is what financial freedom is about and which many are envy of. Back to your question, I posted something before. Read this post: http://www.forexfactory.com/showthre...93#post8581693 Below is another ME/ME basket of trades closed today with +695pips total. {image} Note that I trade with standard lots and therefore I do not open too many trades in the same candle at too close distance. If I trade micro lots or nano...
Hi Emmanuel

Below is the extract from above post i could not understand some portion i have put in Italic BOLD , please have look and if possible give some details on chart with example about 15/i hr addition of entry on reattachment.
=======
Note that I trade with standard lots and therefore I do not open too many trades in the same candle at too close distance. If I trade micro lots or nano lots, I can simply blast lots of open trades in the same candle and a small distances. This may look great when the closed trades will give thousands of pips with micro/nano lots.
My current trade manager EA had different option sfor opening add-on trades.
One is to use the TDI cross in the lower TF like M15 or H1 to open new trades. This what I mean sell the rally, i.e. when price rally, I look for the TDI to cross from down from above but only after certain pips distance from the last open trade. The reverse logic when buying the dips, add trades after the TDI cross up in lower TF M15/H1. Simple logic which I program into the trade manager EA.
==========


Thanks for your help here.

MK
  • #63,759
  • Nov 26, 2015 4:30am Nov 26, 2015 4:30am
NZDUSD 4H

This would be an agressive entry for Big E I think?

D1 is Green over Red however.

Trading against WOL and Guppies.

what do you make of this setup?
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2015-11-26 12.29.13.png Size: 86 KB
  • #63,760
  • Nov 26, 2015 4:47am Nov 26, 2015 4:47am
GBPUSD H1
Entered after the APB had closed below BRN. TDI price and signal line separating but MBL was flat hence small target and the fact that there was long time S/R nearby. TP set at previous S/R. Small pips but they all add up.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
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