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Trading Made Simple

  • #64,461
  • Jan 8, 2016 7:08am Jan 8, 2016 7:08am
Quoting emmanuel7788
{quote} EURUSD is sideways. My open trades below: {image}

ok we on same page now haha i had that line same as my orders lines. I just change it to a solid and different color for better viewing.
  • #64,462
  • Edited 8:44am Jan 8, 2016 7:15am | Edited 8:44am
Quoting emmanuel7788
{quote} EURUSD is sideways. My open trades below: {image}

I have two questions:

edit: oh~ i think the red dotted line is the historical line. I though it was your SL
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  • #64,463
  • Jan 8, 2016 9:24am Jan 8, 2016 9:24am
GBPNZD-H4-- IB OB Breakout
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-01-08_21-20-44GBPNZD-H4.png Size: 39 KB
Sad i'm not trying to understand PA
  • #64,464
  • Jan 8, 2016 9:28am Jan 8, 2016 9:28am
Quoting omonisha
GBPNZD-H4-- IB OB Breakout {image}
So nice OS , nice catch on the breakout
I Have Learned to Take Some Losses to Make Profits
  • #64,465
  • Jan 8, 2016 10:05am Jan 8, 2016 10:05am
Quoting Meihk
Hi all, Here are the GBP/USD trades i took after new year. closed all the trade yesterday i was trying to scale out slowly but market turned too fast, end up closing with the SL, 1400+ pips. I think i'll be needing a wheelbarrow for all this pips in 2016 . Thank you, Meihk {image}
Excellent trading Meik! Only if i am 10% profitable as you, i'll be fine.
  • #64,466
  • Jan 8, 2016 10:07am Jan 8, 2016 10:07am
Quoting Meihk
Hi all, Here are the GBP/USD trades i took after new year. closed all the trade yesterday i was trying to scale out slowly but market turned too fast, end up closing with the SL, 1400+ pips. I think i'll be needing a wheelbarrow for all this pips in 2016 . Thank you, Meihk {image}
Hello Meihk, can you please share those green arrows on your chart?
Thanks
  • #64,467
  • Jan 8, 2016 10:08am Jan 8, 2016 10:08am
GBPJPY H1
Could be regarded as a late entry but waited until news data had quietened down. Entered after break of DOL and BRN (172.000). TP set for last S/R zone
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB

Have a good weekend all
Never argue with a fool; onlookers may not be able to tell the difference.
  • #64,468
  • Jan 8, 2016 10:13am Jan 8, 2016 10:13am
Quoting emmanuel7788
{quote} It depends on what you programmed your Expert Advisor EA to do. If you program your EA to manage your trades, you as the trader need to decide when to open the first trade and let the EA manage when to add trades in building a position in the market. This is just one key function of the EA as ME/ME trade manager. There a many other functions, too many and we should not discuss them here in this thread. The EA can never do when human discretion is required in our trading decisions therefore, it is required that we know when to activate and...
Thanks for that, my thoughts exactly, i.e. semi-automatic, I'll update in a couple of weeks if I get anywhere
  • #64,469
  • Jan 8, 2016 10:49am Jan 8, 2016 10:49am
Quoting Esosa
{quote} Hello Meihk, can you please share those green arrows on your chart? Thanks
The green arrows are what his broker puts on the chart to show his entries and exits.
  • #64,470
  • Jan 8, 2016 7:16pm Jan 8, 2016 7:16pm
Hi all,

my trades on GBP/NZD with ME/ME and 5 method. this pair is wild and very fast moving, close my position with 1250+ pips. i wanted leave the trade open over the weekend but i seen a bounce on the 4hr 200ema so i moved my SL from BE to there where it hit, easy no fuss just keep moving on to next setups. PA on HTF(4hr, daily, etc...) is where i trade, i take my entry on my LTF(1hr, 30m, 15m, etc...) chart. yes those are just my entry and exit green arrows from my platform.

have a good weekend all,
Meihk
Attached Image (click to enlarge)
Click to Enlarge Name: January 8 2016.PNG Size: 65 KB
  • #64,471
  • Jan 8, 2016 7:21pm Jan 8, 2016 7:21pm
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, very good work! but.......
i don't understand: trading is your only job?
if you have a net profit of 10.000 dollars in one year even if your success rate is more than 83%,i think it is very difficult and not interesting to stay months on trading and gain only some dollars......i am a newbie...sorry for my question and for my poor english.
you are a good trader and in one year you gain "only" 10.000 dollars, i am a bad trader........i have no hopes
bye ;(
  • #64,472
  • Jan 8, 2016 8:34pm Jan 8, 2016 8:34pm
Quoting mauroby
{quote} hi emmanuel, very good work! but....... i don't understand: trading is your only job? if you have a net profit of 10.000 dollars in one year even if your success rate is more than 83%,i think it is very difficult and not interesting to stay months on trading and gain only some dollars......i am a newbie...sorry for my question and for my poor english. you are a good trader and in one year you gain "only" 10.000 dollars, i am a bad trader........i have no hopes bye ;(
you must have misread it, it's his week closing profit. he gain 20%+ of his balance within a week for every week till the month end where he starts over with 50k, that is not easy to do. i believe there are a lot of profitable TMS traders.

also believe that is not his normal account, its a account for us to see what ME/ME and 5 method profit.

just read the post below that post and you will understand why he is so successful in trading. if you don't put in work or effort what make you think you will be close to doing what he does and all the other elders of TMS? when we start to focus and wanting to learn more, we can eventually become profitable traders too IMHO. start your new year by taking a small step every day learn the basic in no time you will be like all the elders traveling around the world enjoying life haha.
  • #64,473
  • Jan 8, 2016 10:57pm Jan 8, 2016 10:57pm
Quoting Meihk
Hi all, my trades on GBP/NZD with ME/ME and 5 method. this pair is wild and very fast moving, close my position with 1250+ pips. i wanted leave the trade open over the weekend but i seen a bounce on the 4hr 200ema so i moved my SL from BE to there where it hit, easy no fuss just keep moving on to next setups. PA on HTF(4hr, daily, etc...) is where i trade, i take my entry on my LTF(1hr, 30m, 15m, etc...) chart. yes those are just my entry and exit green arrows from my platform. have a good weekend all, Meihk {image}

Great trade Meihk.

I've some questions for expert traders of ME/ME which perhaps other junior traders thought the same of:

Retracement:
1) Understand that retracement would mean more entries and building up positions for better average price. But what happens after retracement when it goes back to initial entry? :
i) close all baskets and create new one?
ii) hold all positions and continue to the initial/next TP?
iii) TP at BE and wait for new opportunities?
Which course to take depends on what factors?

Re-entries:
2) Learnt that if the trade goes in favor and there's no retracement, just TP with fix range and open new trade. But would the new trade have the same initial stoploss as the previous trade or it just kept shifting according?

3) Under what circustances would not permit building positions? Because trend do not run forever and we cannot chase it forever.

Ran into these situations and were unclear as to which actions would be the best for which instances... Hope to hear from the gurus. Thanks for reading!
  • #64,474
  • Jan 9, 2016 12:21am Jan 9, 2016 12:21am
Quoting Lookleft
GBPJPY H1 Could be regarded as a late entry but waited until news data had quietened down. Entered after break of DOL and BRN (172.000). TP set for last S/R zone {image} Have a good weekend all
Nice execution of TMS LL, great trade
I Have Learned to Take Some Losses to Make Profits
  • #64,475
  • Jan 9, 2016 12:47am Jan 9, 2016 12:47am
Quoting Lookleft
GBPJPY H1 Could be regarded as a late entry but waited until news data had quietened down. Entered after break of DOL and BRN (172.000). TP set for last S/R zone {image} Have a good weekend all
hey LL, I was just wondering where you'd put your stop..I am just trying to get an idea from your trading as I see you are pretty good with the pac of which I am not a fan of..
the cautious seldom err....C
  • #64,476
  • Jan 9, 2016 1:07am Jan 9, 2016 1:07am
Just took it easy for week 1 of 2016, 78.9 Pips profit, looking at the charts I see some ample opportunities for next week.
Attached Image
  • #64,477
  • Jan 9, 2016 5:11am Jan 9, 2016 5:11am
Quoting pips29
{quote} hey LL, I was just wondering where you'd put your stop..I am just trying to get an idea from your trading as I see you are pretty good with the pac of which I am not a fan of..
On that trade I had a 25 pip SL as there was plenty of momentum.
On normal H1 trades I place my initial stop on the opposite side of the PAC. On occasions when that would mean a very big SL, like a big reversal, I'll place it in the center of the PAC or drop down to M15 to enter.
On H4 trades I use the PAC as one of my exit strategies. Exit when the APB closes back inside the PAC. I don't use this strategy on H1 because when the APB closes inside the PAC it can mean that price has reversed on you. For H1 one of my exit strategies is when the M15 APB changes color.
Entries with the PAC can be regarded as conservative but it can help you keep out of bad trades and pulling the trigger too soon.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #64,478
  • Jan 9, 2016 5:49am Jan 9, 2016 5:49am
Quoting Meihk
{quote} you must have misread it, it's his week closing profit. he gain 20%+ of his balance within a week for every week till the month end where he starts over with 50k, that is not easy to do. i believe there are a lot of profitable TMS traders. also believe that is not his normal account, its a account for us to see what ME/ME and 5 method profit. just read the post below that post and you will understand why he is so successful in trading. if you don't put in work or effort what make you think you will be close to doing what he does and all...
65.000 posts how to start to learning?
  • #64,479
  • Jan 9, 2016 5:50am Jan 9, 2016 5:50am
Recommend you read the whole thread.! well worth it.
It's in fear when people show what they truly value.
  • #64,480
  • Jan 9, 2016 5:56am Jan 9, 2016 5:56am
Quoting mauroby
{quote} 65.000 posts how to start to learning?
every journey begins with one first step.

it would be very cruel if I tell you to start from Post#1.

but, there is a simple way, but you have to tell me this:

how much time do you have and is prepared to sacrifice to learn and become a trader?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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