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Trading Made Simple

  • #65,441
  • Feb 3, 2016 8:05am Feb 3, 2016 8:05am
Quoting shay14
how do you guys deal with news? if you get a good tdi cross, on the news, do you ignore it?
#779

I depend on the TDI for signals... then as I posted I look for the BASIC things a fx trader should look for before entering a trade.

News... hummm... It can have a big effect on the 5/15/30 minute charts and 1 hour too at certain times. While trading the 4hr charts I don't pay much attention to it UNLESS IT'S a MAJOR news release... If it's major (red on FF Calendar) I'll wait until after the news release and the market calms down...

Quoted from Big E post but let's hear from the experienced trader
  • #65,442
  • Feb 3, 2016 9:40am Feb 3, 2016 9:40am
...when 2 pips on your SL can make all the difference
took it in haste, didn't have time to monitor.
ohh well.
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while the objective is profit, the job description is risk management
  • #65,443
  • Feb 3, 2016 11:41am Feb 3, 2016 11:41am
Quoting Dimi.A
{quote} No, sorry you're not right there. Big E knowingly stated that he didn't trade with a stop loss. Now during the times that he did use a "stop loss" while he was sleeping there were times that Big E would have been in drawdown even if he used an emergency stop loss at the "last high". Why? Because the last high on a 4H chart can be anywhere from 40 to 150 pips away at times or even more. Have a look at his old chart examples and go to those charts in MT4 and count the drawdown. There are trades he took which actually went against him over...
Hi Dimi,

This is not personal to your trading style or to you. I am not sure where this is coming from.

When someone teaches such as yourself, you will need to allow the students such as me to analyze, look a the reference book (Big E pdf) and put out his questions/observation in class (in this case the forum).

If i quoted you, it is because i value your opinion, feedback and teachings, it is certainly not a "tease". Why should i?

Anyway, i replied back to your PM.

As always, thank you for sharing with us/me your valuable teaching.

Remember - You were my first buddie in this forum...so Namaste!!!
FXafrica " it is in giving that you receive..."
  • #65,444
  • Feb 3, 2016 1:18pm Feb 3, 2016 1:18pm
Quoting emmanuel7788
{quote} In Eric's post above, he mentioned look for consolidation , ....PA and supp/Res. So what I did was I spent time to study Price Action and Support & Resistance, and to make things simple, I learn to use price bar patterns to identify market consolidation. I also learn and use a consistent method how to identify support and resistance levels. As i spent more time practising on live charts and learning new things everyday, I learn to identify the various market conditions which I grouped them into three categories which I call them the Market...
Many thanks Emm!
FXafrica " it is in giving that you receive..."
  • #65,445
  • Feb 3, 2016 2:06pm Feb 3, 2016 2:06pm
Hi to all
I was busy today and I get 3 set up with my cellphone
I use fix tp 20 and 25 tp .
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I think in usdjpy I get wrong signal because candle is too small (I can't see HA candle because for my cellphone)
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+70. With 3 trade h1 timeframes.
  • #65,446
  • Feb 3, 2016 3:18pm Feb 3, 2016 3:18pm
Quoting shay14
how do you guys deal with news? if you get a good tdi cross, on the news, do you ignore it?

simple, don't trade H1 and don't trade before any news.

trade D1 and don't bother about news in an established trend. know where to place your volatility stops.

in an established dominant trend, when the M15 TDI in the direction of the dominant trend, add to winning positions. ... run your profits.

keep it simple and trade with the 5-Method only.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,447
  • Feb 3, 2016 4:07pm Feb 3, 2016 4:07pm
Quoting farismz
Hi Guys, my first post here. I took the trade (Chart 1) with good TDI angle at start of 3rd bar because the PA and TDI look strong but then it reverse 50+ pips (Chart 2). Based on your experience, should i exit or set SL at last swing high or wait for next candle? What else should i consider when taking this trade? I read all the post from Big E and i know that he will close the position when it reverse but this is an example to show that even a good TDI angle still can't promise a winning trade and we should have a good exit strategy. Awaiting...
My idea is you entered in candle #3 and when read big e PDF he always say candle #1 and #2 if you entered candle #2 you could comfortable about stay or exit.
I think stay or exit based in your mine and your money management.I am newbies and its just my idea, maybe it's wrong.
Thanks
  • #65,448
  • Feb 3, 2016 5:52pm Feb 3, 2016 5:52pm
Quoting emmanuel7788
TMS Monitor 3 Feb D1 chart Strong Sell 'signals'. {image}

Hi Emmanuel. Regarding this post. Could you please advise where I could locate this version of TMS Monitor.
The version I found doesn't have the ie strong sell /strong buy on it. Thanks
  • #65,449
  • Feb 3, 2016 6:52pm Feb 3, 2016 6:52pm
Quoting Iainc
{quote} Hi Emmanuel. Regarding this post. Could you please advise where I could locate this version of TMS Monitor. The version I found doesn't have the ie strong sell /strong buy on it. Thanks

Hi,

here is the link:
http://www.forexfactory.com/showthread.php?t=303347

read that thread and make sure to follow the instructions/posts there so that you get that setup to work correctly.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,450
  • Feb 3, 2016 6:58pm Feb 3, 2016 6:58pm
Quoting mortezakh
{quote} My idea is you entered in candle #3 and when read big e PDF he always say candle #1 and #2 if you entered candle #2 you could comfortable about stay or exit. I think stay or exit based in your mine and your money management.I am newbies and its just my idea, maybe it's wrong. Thanks

Big E was an aggressive reversal trader and he enters on APB#1 and APB#2.

But you can also enter on APB#3, APB#4,APB#5,.. and so on when the trend is strong.

Question is where do you place your initial Stop Loss when you enter on APB#3, ....

If you use the last swing low or swing high to place your initial SL, your position size is not attractive.

So what shall we do TMS traders?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,451
  • Feb 3, 2016 7:20pm Feb 3, 2016 7:20pm
Quoting emmanuel7788
{quote} use this: http://www.forexfactory.com/showthre...71#post6625171
Thank you
  • #65,452
  • Feb 3, 2016 7:22pm Feb 3, 2016 7:22pm
Quoting emmanuel7788
{quote} Big E was an aggressive reversal trader and he enters on APB#1 and APB#2. But you can also enter on APB#3, APB#4,APB#5,.. and so on when the trend is strong. Question is where do you place your initial Stop Loss when you enter on APB#3, .... If you use the last swing low or swing high to place your initial SL, your position size is not attractive. So what shall we do TMS traders? {image}
with strong trend - SL 2 bars look back in daily chart

Best regards,
  • #65,453
  • Feb 3, 2016 7:31pm Feb 3, 2016 7:31pm
Quoting emmanuel7788
{quote} hi pete, No need to do any wave analysis for this. see this post link below. I have a very simple way how I trade EOD for stocks and Gold included. http://www.forexfactory.com/showthre...92#post8555392 on current day chart, we have short term resistance .. last week's swing high. if market overcome that resistance 1125, then we have some bullish days. target 1134 and 1141. Asian markets still nervous .... regards,

Gold hit targets .... thanks US PMI misery.

Now where to next? you wanna to make a technical guess?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,454
  • Feb 3, 2016 7:34pm Feb 3, 2016 7:34pm
Quoting pete.alfa
{quote} with strong trend - SL 2 bars look back in daily chart Best regards,

what about position sizing?

do you want to use 2-Days look back for SL and also to calculate trade position size?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,455
  • Feb 3, 2016 9:25pm Feb 3, 2016 9:25pm
Quoting emmanuel7788
{quote} what about position sizing? do you want to use 2-Days look back for SL and also to calculate trade position size?
position size is according to 2% risk

Best regards,
  • #65,456
  • Feb 3, 2016 9:43pm Feb 3, 2016 9:43pm
Quoting emmanuel7788
{quote} Big E was an aggressive reversal trader and he enters on APB#1 and APB#2. But you can also enter on APB#3, APB#4,APB#5,.. and so on when the trend is strong. Question is where do you place your initial Stop Loss when you enter on APB#3, .... If you use the last swing low or swing high to place your initial SL, your position size is not attractive. So what shall we do TMS traders? {image}

Hello Emmanuel!

I am trying to trade EOD TMS-5 Method.
Took this trade before the Asian session start.
I am still learning to train my eyes of the TDI angle.
Took 115 pips on the setup. But risk is 200pips.

Is ME/ME for advanced traders only?
I want to learn more but I am only at the first step still, the TDI training.
But everyday, it gets more exciting.

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  • #65,457
  • Feb 3, 2016 9:53pm Feb 3, 2016 9:53pm
CADJPY SELL on H1
TDI (STEEP ANGLE BELOW MBL) Green crossing Red on APB #2, with STOCH confirmation (GOING DOWN, AS STEEP AS TDI ANGLE)

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  • #65,458
  • Feb 4, 2016 12:50am Feb 4, 2016 12:50am
Anybody seeing good trades on h4 or h1?
  • #65,459
  • Feb 4, 2016 12:55am Feb 4, 2016 12:55am
Quoting Mbt
Anybody seeing good trades on h4 or h1?

if you are looking at APb#1 and APB#2 on H4, then there is nothing worth looking at.

H1... forget about trading H1. You will lose more than you win.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,460
  • Feb 4, 2016 1:00am Feb 4, 2016 1:00am
Quoting emmanuel7788
{quote} if you are looking at APb#1 and APB#2 on H4, then there is nothing worth looking at. H1... forget about trading H1. You will lose more than you win.
hi Emanuel,

do you have any tips about trading in 1D timeframes?

I have more succes in 4H but for my lifestyle it will be better for me 1D.

would you suggest to place an order at the end of the day (just after a new candle shows up)?
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