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Trading Made Simple

  • #64,801
  • Jan 19, 2016 6:52pm Jan 19, 2016 6:52pm
Quoting Bardy
{quote} Hey emmanual, I've been reading a lot of the posts on TMS and am very impressed by the strategy. You seem to have a knack for price action. Who was your mentor if you don't mind me asking?

Hi Bardy,

Along my trading journey which started trading the stock market in the 80's, several good people came into my life and taught me many different things. Most were good things which I learned and they helped me to become better. Some were not so good things which I also learn not to follow.
But to put all the right pieces together and get that complete picture, I needed to find a structure and a proven concept. The person who helped me to piece all the things together is Dr Van Tharp.

regards,

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,802
  • Jan 19, 2016 7:07pm Jan 19, 2016 7:07pm
Quoting emmanuel7788
{quote} Hi Bardy, Along my trading journey which started trading the stock market in the 80's, several good people came into my life and taught me many different things. Most were good things which I learned and they helped me to become better. Some were not so good things which I also learn no to follow. But to put all the right pieces together and get that complete picture, I needed to find a structure and a proven concept. The person who helped me to piece all the things together is Dr Van Tharp. regards, {image}
Thanks for the reply emmanual. As far as price action context is concerned do you find that impulsive versus corrective moves in a trend are the signals we should look for in the TDI as confluence for trend continuation? Eelfranz, I noticed, would take any green crossing red signals which I found hampered my results when testing on forex tester 2. Also do you find that price action theory blends well with the TDI signals in a volatile or non-volatile trend? Thanks in advance emmanual.
  • #64,803
  • Jan 19, 2016 7:10pm Jan 19, 2016 7:10pm
Hi Emmanuel,

Can check with you, once you see that there is a setup on the 4hrs, how do you go down to the 1hr to take the trade? Thanks
  • #64,804
  • Jan 19, 2016 7:44pm Jan 19, 2016 7:44pm
Quoting lastingwell
{quote}Excellent trade TSS. Plain and simple TMS
Thanks , taking my steps to follow through the simplicity of the strategy
I Have Learned to Take Some Losses to Make Profits
  • #64,805
  • Jan 19, 2016 7:50pm Jan 19, 2016 7:50pm
Quoting Con
Hi Emmanuel, Can check with you, once you see that there is a setup on the 4hrs, how do you go down to the 1hr to take the trade? Thanks

Hi Con,

any particular currency pair you are referring to?

there are several H1 intraday entry methods which I have shared in this thread.

also when we have a confirmed H4 setup, we can wait for a Fib38/50 retracement entry . But sometimes the market don't retrace deep enough for this.

so what shall we do in order not to missed a good trade opportunity like AU now.

I will later post and explain this with example once I get back home and can see my charts.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,806
  • Jan 19, 2016 8:07pm Jan 19, 2016 8:07pm
Quoting emmanuel7788
{quote} Hi Con, any particular currency pair you are referring to? there are several H1 intraday entry methods which I have shared in this thread. also when we have a confirmed H4 setup, we can wait for a Fib38/50 retracement entry . But sometimes the market don't retrace deep enough for this. so what shall we do in order not to missed a good trade opportunity like AU now. I will later post and explain this with example once I get back home and can see my charts. regards,
Hi Emmanuel,

I am looking at AU and EA. Thanks. Shall wait for your post then.
  • #64,807
  • Jan 19, 2016 9:09pm Jan 19, 2016 9:09pm
Trade ur plan, I do many plan which fails, follow TMS and its teachings to trade , I see potential plan on EA shorts , but momentum is picking to upside too so have to consider that as well

EUR/AUD H4 Time Frame
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #64,808
  • Jan 19, 2016 9:27pm Jan 19, 2016 9:27pm
Quoting TheScorpS
Trade ur plan, I do many plan which fails, follow TMS and its teachings to trade , I see potential plan on EA shorts , but momentum is picking to upside too so have to consider that as well EUR/AUD H4 Time Frame {image}
I am afraid I am looking at it differently . I am more inclined on a upside move..let's see
the cautious seldom err....C
  • #64,809
  • Jan 19, 2016 9:41pm Jan 19, 2016 9:41pm
Quoting pips29
{quote} I am afraid I am looking at it differently . I am more inclined on a upside move..let's see
We trade TMS, as of now all conditions is bullish, until further price changes, we stay bullish , re-evaluating at FO - LO , thanks pips29
I Have Learned to Take Some Losses to Make Profits
  • #64,810
  • Jan 19, 2016 9:46pm Jan 19, 2016 9:46pm
GBPAUD-D1... Yesterday closed as a almost DBHLC. Today we have GBP news. Lots of space below. Wait to see if news supports PA.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-01-20_9-36-48GBPAUD-D1_Analysis.png Size: 91 KB
Sad i'm not trying to understand PA
  • #64,811
  • Jan 19, 2016 10:55pm Jan 19, 2016 10:55pm
Quoting omonisha
GBPAUD-D1... Yesterday closed as a almost DBHLC. Today we have GBP news. Lots of space below. Wait to see if news supports PA. {image}

Hi big omo,

looks like DBHLC, but it would be better if DBHLC appears at the swing high of a wave.

yesterday closed Inside Bar breakout, so today some traders will be selling bias.

but I see GA market type is sideways in a channel to the downside.

taking a H4 buy setup may play out today.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,812
  • Jan 19, 2016 11:09pm Jan 19, 2016 11:09pm
GBP pairs 20 Jan H4 at GMT 0500

one hour to current H4 close...

Attached Image (click to enlarge)
Click to Enlarge Name: GBP pairs 20 Jan H4 GMT0504.png Size: 103 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,813
  • Jan 19, 2016 11:32pm Jan 19, 2016 11:32pm
Quoting emmanuel7788
{quote} Hi big omo, looks like DBHLC, but it would be better if DBHLC appears at the swing high of a wave. yesterday closed Inside Bar breakout, so today some traders will be selling bias. but I see GA market type is sideways in a channel to the downside. taking a H4 buy setup may play out today. regards,
Thanks a lot EMU. But "Big" oh no i am just a learner EMU. FF already made me uncomfortable putting the red thingy beside my name. Please treat me as you treat others

Happy pipin
Sad i'm not trying to understand PA
  • #64,814
  • Jan 20, 2016 12:15am Jan 20, 2016 12:15am
Quoting tibovwh
{quote} Emmanuel, Loved this post. Could you perhaps find some time this week to give an update on this pair and your management? It seems to be stalling under the 0.6940 level (September Double Bottom) since it broke on Friday and consolidating for now. I understand tomorrow is some AUD data. Best,

Hi tibovwh,

here is my AUDUSD trade chart with current update.

Attached Image (click to enlarge)
Click to Enlarge Name: AUSUSD week 03 MEME trades.png Size: 38 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,815
  • Jan 20, 2016 12:26am Jan 20, 2016 12:26am
Quoting Con
{quote} Hi Emmanuel, I am looking at AU and EA. Thanks. Shall wait for your post then.

Hi Con,

Fib 38/50 entry:

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 20 Jan H4 Fib38-50 entry.png Size: 54 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,816
  • Jan 20, 2016 12:52am Jan 20, 2016 12:52am
Quoting emmanuel7788
{quote} Hi tibovwh, here is my AUDUSD trade chart with current update. {image} regards,
Hello EMM,

ME1 Entry is SELL entry, isnt't it?
price went against you (went up)
after cca 50 pips ((0,5 ADR) you directly open another SELL (short) position ME2
after cca 50 pips you opened third SELL position ME3

WHY you opened position ME1?
TDI showed UP, green is above red

when your chart open another H4 candle? (my time is GMT+1, and open 7.00, 11.00,...etc)

When is safer open position H4, when H4 candle opens 7.00 (gmt+1) or wail to London open?

regards Dan
  • #64,817
  • Jan 20, 2016 1:09am Jan 20, 2016 1:09am
Two trades so far this week, lost on the long on the EURGBP yesterday, got in too early, was on way out and thought I'd be clever and get in on SR on 15m chart before the CPI news release, psychology getting the better of me

However this has more than made up for it
Attached Image (click to enlarge)
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  • #64,818
  • Jan 20, 2016 1:43am Jan 20, 2016 1:43am
Quoting Bardy
{quote} Nice pips kaly.
Thanks Bardy.

Last night I entered GBPUSD on H4 = SELL, Will see how it goes, so far +30pips
  • #64,819
  • Jan 20, 2016 2:18am Jan 20, 2016 2:18am
First of all, I would like to thank emmanuel7788 and many other TMS traders for the great great support in this thread, I do have learnt and keep learning so many useful methods to form my own trading style. What you have contributed to this thread is helping me on the right track, I hope I can become the professional TMS trader like you guys one day and help with others to improve this community together.

Now I am still learning ME/ME method, I find this method very consistent with relatively high winning ratio, I have gained 772 pips so far in this week. Now I think I am quite clear of the entry strategy, but sometimes I am still confused of the exit strategy. Once the price is in my favor, I normally hesitate to make the decision, hold or close the trades. If I close all the trades for that pair, on what condition can I reopen the trade? Do I reopen right away or wait for the retracement first and then open the trade. I know exit strategy is as important as entry strategy. So I hope I can get this clear
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TMS WEEK 3.png Size: 43 KB
Click to Enlarge Name: WEEK 3 EURUSD.png Size: 56 KB
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  • #64,820
  • Edited 4:27am Jan 20, 2016 2:50am | Edited 4:27am
Quoting teslaYoung
First of all, I would like to thank emmanuel7788 and many other TMS traders for the great great support in this thread, I do have learnt and keep learning so many useful methods to form my own trading style. What you have contributed to this thread is helping me on the right track, I hope I can become the professional TMS trader like you guys one day and help with others to improve this community together. {image} {image} {image} {image}
Wow, 'become a professional trader', looks like you're there!!!!!

Super record.

I am quite amazed by easy it really is, truly TMS, struggled for years and now it's a totally different ball game, OK there are some are pickings at the moment, but my profits are exceeding all my expectations, happy days.

Once more thank you to all the contributors, fantastic job, I won't start naming you, there are too many and I havent read much of the thread, so I don't want to miss anyone out.
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