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Trading Made Simple

  • #64,241
  • Dec 28, 2015 4:33pm Dec 28, 2015 4:33pm
Can anyone please give me pointers to position sizing with TMS. I've been looking at both ATR and basic 1% of account based on SL but would appreciate steer to other appropriate methods
  • #64,242
  • Dec 28, 2015 5:34pm Dec 28, 2015 5:34pm
Quoting emmanuel7788
Hello Folks, Just back after the Christmas weekend holidays and recovery from the eating, drinking and merry making. We are in the last 4 trading days of this year. Don't expect much liquidity in the markets as the big boys are still on holidays. Also don;'t expect any big moves unless China does something this week before the New Year. If you must trade and practice trading the 5-Method, then trade the lower timeframes M15/M5 with small target profit expectation. I wont be trading until the markets return to normal in week 03 i.e. from 18 Jan onwards....
Hey Manny,that was a awesome year for me,But I have to thank you and manny others, for the help you given to us ,After three years in learning,debating ,loosing money,I can now stand up ans said,Thank's to MTS,Also to you and so manny others with their feed back,helping me get into the right track.
Wish you guys all the best in the world,and hope every one follow the basic rule of our tutor ' BIG EEE """
I made my furtuneon his only basic rules.
without any futher ,thank you all.
rip B.e
  • #64,243
  • Dec 28, 2015 5:49pm Dec 28, 2015 5:49pm
Quoting MaxZen
{quote} I don't mean to pry, and am far from a Master trader, but your SL and profit in pips (and %) suggest that your Risk:Reward is quite "racy".. You are also not letting many of your trades run the distance. I would caution to do LOTS (i.e. years) of back testing plus plenty forward testing (as you are doing now) before going live with such a risky R:R. There might be good reasons for these things but I thought I'd offer some observations before you go live
Thanks mate , I also know it very well that's why I shared my link. I am still trying to develop my SL Strategy.
  • #64,244
  • Dec 28, 2015 6:51pm Dec 28, 2015 6:51pm
Quoting emmanuel7788
{quote} Hi, With most banks closed for holidays I do not expect much movement today when London open. Looking at NZDUSD with my usual top down approach. I am bullish bias but beware of stop orders below since we saw last week was bullish and also last Thursday was bullish. But counter trend trades in lower timeframe M15 and M5 are both possible but the number of pips is not attracive for pips hunters. Look at MN chart using Line Chart and identify where the historical price swing levels were and look at current market. Also take a moment, switch...

NZDUSD Update 29 Dec:

Looks good and it can push higher to 0.6870 and 06895. These are historical price swing levels which can act as resistance to any upside move. Liquidity remains low and do not expect a lot of pips for this pair. We have China PMI data this week, anything can happen.

For those trading with 10EMA, 50EMA and 200EMA, you shoul;d see confluence of these EMAs with the historical swing levels and also the Round Numbers RNs.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,245
  • Dec 28, 2015 7:05pm Dec 28, 2015 7:05pm
Quoting brandy711
{quote} Hey Manny,that was a awesome year for me,But I have to thank you and manny others, for the help you given to us ,After three years in learning,debating ,loosing money,I can now stand up ans said,Thank's to MTS,Also to you and so manny others with their feed back,helping me get into the right track. Wish you guys all the best in the world,and hope every one follow the basic rule of our tutor ' BIG EEE """ I made my furtuneon his only basic rules. without any futher ,thank you all. rip B.e

Hi,

Happy to hear you made good this year.
Fully agree with you and in 2016, we must continue to keep our trading simple and follow the basics of TMS 5-Method as our core trading method.
We all must work more on Price Action trading and Money Management strategy to make this our winning system in 2016 to help us achieve our financial goals.

Best wishes for the new trading year.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,246
  • Edited 8:20pm Dec 28, 2015 8:07pm | Edited 8:20pm
Quoting pete.alfa
{quote} Thank you Emmanue for your responsel I'm sorry it might be stupid question. The reason behind not to ''add-n too many trades in the same day". We might miss good opportunity to add position in 15mins or 1hr chart when market is at high speed. And another question ''set SMART targets - 40% , 60% and 100% of the average weekly range (52-weeks) for your 4H swing trades.'' How to get average weekly range (52-weeks). Is there any 52 average weekly range mt4 indicator? Best regards,
here is an old post which explains how I use 1% risk and break that into 5 trades maximum.

http://www.forexfactory.com/showthre...69#post8531869

Quoting MaxZen
Can anyone please give me pointers to position sizing with TMS. I've been looking at both ATR and basic 1% of account based on SL but would appreciate steer to other appropriate methods
You will find an answer in the post link above.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,247
  • Dec 28, 2015 9:21pm Dec 28, 2015 9:21pm
hello everyone,i just found my way here and am very impressed with the system.looking forward to trading and learning with everybody,
  • #64,248
  • Edited Dec 29, 2015 3:19am Dec 28, 2015 10:49pm | Edited Dec 29, 2015 3:19am
Few Important post & PDF ( Phx62, Emmanuel & others Great Traders ) that i really like & help me alots hope some new TMS Traders will like that too

Please click the post link .....

http://www.forexfactory.com/showthre...09#post8663709






H A P P Y N E W Y E A R

Attached File(s)
File Type: pdf How to Draw TL.pdf   658 KB | 1,193 downloads
File Type: pdf 2B reversal pattern.pdf   159 KB | 1,340 downloads
  • #64,249
  • Dec 29, 2015 2:01am Dec 29, 2015 2:01am
Quoting Pips92
{quote} please check those link hope you can get all the information you need about PA ................ http://www.forexfactory.com/showthre...75#post8601075 http://www.forexfactory.com/showthre...64#post8614364 http://www.forexfactory.com/showthre...37#post8568437 there is some more information you have on this link please take your time to read them as much as you can......
Thank you Pips!
  • #64,250
  • Dec 29, 2015 2:08am Dec 29, 2015 2:08am
Quoting JasonDeaN
{quote} This is MA for template Scorp {image}
Thanks Jason. Do you know if Scorps makes sure the 10ema is above PA on the 1h also before taking a trade or only if its above on 4h and daily? for longs and visa versa for shorts.
  • #64,251
  • Dec 29, 2015 2:53am Dec 29, 2015 2:53am
Quoting Scrambleguy
{quote} Thanks Jason. Do you know if Scorps makes sure the 10ema is above PA on the 1h also before taking a trade or only if its above on 4h and daily? for longs and visa versa for shorts.

When you want to have more winners than losers, it would be better if the Price Action is above the 10EMA on D1, H4 and H1 for BUY and the opposite for SELL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,252
  • Edited 6:14am Dec 29, 2015 2:59am | Edited 6:14am
Quoting emmanuel7788
{quote} NZDUSD Update 29 Dec: Looks good and it can push higher to 0.6870 and 06895. These are historical price swing levels which can act as resistance to any upside move. Liquidity remains low and do not expect a lot of pips for this pair. We have China PMI data this week, anything can happen. For those trading with 10EMA, 50EMA and 200EMA, you shoul;d see confluence of these EMAs with the historical swing levels and also the Round Numbers RNs. Trade Well and Trade Safe.

Someone PM and asked how I got those levels 0.6872 and 0.6895,

here below is the MN Big Picture update as the market progresses.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD MN Big Picture update1.png Size: 39 KB


Next year it will become clearer if Kiwi will push higher. It can reach 0.7000. Just keep close watch on market sentiments to see if USD weakens or strengthens after Jan NFP and 4Q.GDP data.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,253
  • Dec 29, 2015 3:08am Dec 29, 2015 3:08am
Quoting emmanuel7788
{quote} When you want to have more winners than losers, it would be better if the Price Action is above the 10EMA on D1, H4 and H1 for BUY and the opposite for SELL.
Thank you very much Emmanuel
  • #64,254
  • Dec 29, 2015 3:13am Dec 29, 2015 3:13am
Quoting emmanuel7788
{quote} Someone PM and asked how I got those levels 0.6872 and 0.6895, here below is the MN Big Picture update as the market progresses. {image} Next year it will become clearer if Kiwi will push higher. It can reach 0.7000. Just keep close watch on market sentiments to see if USD weakens or strengthens after Jan NFP and 4Q.GDP data.
hey emmanuel, I reckon you wrote the wrong figures for the levels shown
the cautious seldom err....C
  • #64,255
  • Dec 29, 2015 5:38am Dec 29, 2015 5:38am
Quoting emmanuel7788
{quote} here is an old post which explains how I use 1% risk and break that into 5 trades maximum. http://www.forexfactory.com/showthre...69#post8531869 {quote} You will find an answer in the post link above.
Perfect - thanks!
  • #64,256
  • Dec 29, 2015 5:40am Dec 29, 2015 5:40am
Quoting Pips92
Few Important post & PDF ( Phx62, Emmanuel & others Great Traders ) that i really like & help me alots hope some new TMS Traders will like that too Please click the post link ..... http://www.forexfactory.com/showthre...09#post8663709 H A P P Y N E W Y E A R {image} {image}
Wow - VERY useful indeed!!
  • #64,257
  • Dec 29, 2015 6:15am Dec 29, 2015 6:15am
Quoting pips29
{quote} hey emmanuel, I reckon you wrote the wrong figures for the levels shown

hi,

your are right. thanks.

I got that corrected.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,258
  • Dec 29, 2015 7:48am Dec 29, 2015 7:48am
took these on the 30 min. and more often than not poor exits
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYmicroM30.png Size: 70 KB
the cautious seldom err....C
  • #64,259
  • Dec 29, 2015 3:10pm Dec 29, 2015 3:10pm
Quoting Pips92
Few Important post & PDF ( Phx62, Emmanuel & others Great Traders ) that i really like & help me alots hope some new TMS Traders will like that too Please click the post link ..... http://www.forexfactory.com/showthre...09#post8663709 H A P P Y N E W Y E A R {image} {image}
Thanks again for this repost Pips92, and also to the contributors whose thoughts you have compiled.

I am working my way through each link and every one has extensive insight, detailed supporting PDF and very interesting posts around the topic of the original (linked) post; it's like a rabbit hole of knowledge!

A question for those that are following the Big Picture Plan every week. I assume you have to strip down your chart, go through the six steps, and then rebuild your TMS trading chart every time. I say this because I see no way of go through the plan on a plain chart (no indis) and then transpose the created/amended lines to your TMS chart.. This is a pain - especially when trading 8+ pairs.. Has anyone found a better way?
  • #64,260
  • Edited 5:15pm Dec 29, 2015 3:56pm | Edited 5:15pm
Another request for guidance..
I am planning and testing based on:
Size Position = 1% of balance based on SL
SL = 5 pips past recent swing
1TP = 50% of position close at 50 pips (currently testing Eur/Usd) or 50% of ADR if SL isn't giving me a 1:1 R:R @ 50 pips
SL changed to BE after TP1 is achieved
2TP = the cross of (5ema shift 2)

Are there any threads that you guys generally point people to for these components?
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