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Trading Made Simple

  • #65,461
  • Feb 4, 2016 1:04am Feb 4, 2016 1:04am
Quoting pulubi28
{quote} 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. {image}

To answer your question:
Is ME/ME for advanced traders only?

Answer: NO, it is not for advance traders. First you need know the basics of trading the forex market. You need to understand what money management is and how o make your money work for you. Once you understand the ME/ME concept, you need to work with it for at least 2 years practice in live market with an account size which you want to start live later. You will learn and experience how the ME/ME works and how it will grow your account. What you want is to trade the d1 chart TF and on End-Of-Day EOD basis. You only need to check your charts minimum once a day. Great for people with full time day jobs.

About the TDI, pay more attention to the price action of the real price ( use the Price Bar chart or the Japanese candlestick chart). Learn to read the price momentum and let the RSI confirm the price momentum. TDI is nothing but moving average of the RSI data. Fozzy RSI has been around much longer before the TDI was created and sold as a commercial product.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,462
  • Feb 4, 2016 1:14am Feb 4, 2016 1:14am
Quoting omri89
{quote} 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)?

TIP #1 for trading Day chart TF.

You may want to look at more currency pairs because trading the D1 chart TF means you will find a lot less trade opportunities in one month. By looking at more currency pairs, it will make up for the fewer trades but you will get more winners and you account can grow and help you reach your financial goals quicker and with minimal risks when you use the ME/ME money management approach.

TIP#2

Stick to one trading method. In my case I trade with TMS 5-Method only. Do not run around in public forum looking for a holy grail trading system.

TIP#3
Most important is not to waste your time in useless online chatter. Look for a reputable and trusted mentor in your city and learn from him/her. You won't find one here in FF.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,463
  • Feb 4, 2016 1:21am Feb 4, 2016 1:21am
Quoting emmanuel7788
{quote} TIP #1 for trading Day chart TF. You may want to look at more currency pairs because trading the D1 chart TF means you will find a lot less trade opportunities in one month. By looking at more currency pairs, it will make up for the fewer trades but you will get more winners and you account can grow and help you reach your financial goals quicker and with minimal risks when you use the ME/ME money management approach. TIP#2 Stick to one trading method. In my case I trade with TMS 5-Method only. Do not run around in public forum looking for...
  • #65,464
  • Feb 4, 2016 2:17am Feb 4, 2016 2:17am
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}
Underneath/above previous candle.
  • #65,465
  • Feb 4, 2016 2:32am Feb 4, 2016 2:32am
Quoting emmanuel7788
{quote} TIP #1 for trading Day chart TF. You may want to look at more currency pairs because trading the D1 chart TF means you will find a lot less trade opportunities in one month. By looking at more currency pairs, it will make up for the fewer trades but you will get more winners and you account can grow and help you reach your financial goals quicker and with minimal risks when you use the ME/ME money management approach. TIP#2 Stick to one trading method. In my case I trade with TMS 5-Method only. Do not run around in public forum looking for...
Hi Emm, Because I live in the Uk and my preferred trading is the London open and New York do you suggest stick to the 4hr because the daily tf is best taken at asia open?
Regards
  • #65,466
  • Feb 4, 2016 3:16am Feb 4, 2016 3:16am
This one is good. It is part of the Trading for a living by Dr. Alexander. Trading D1 is worth it just by following W1.
Attached File(s)
File Type: mp3 CD3 05.mp3   3.0 MB | 402 downloads
  • #65,467
  • Feb 4, 2016 6:41am Feb 4, 2016 6:41am
Hello! I just started testing this on my demo, works great so far.
At start i had problems because i work on MT5, so i wanted to share TDI file and .tpl for MT5 that i use.
Hope it will help for some of u.
Attached File(s)
File Type: tpl Just TDI.tpl   7 KB | 283 downloads
File Type: mq5 TDI.mq5   9 KB | 311 downloads
  • #65,468
  • Feb 4, 2016 9:12am Feb 4, 2016 9:12am
For those of you using the simulator, here's quick update, Stop Loss is now working and the top number which is 0 by default is a pause, I find sometimes that the full speed 32 is too fast and 21 on the slow side, the top number will slow it down, use multiples of 100.

FXPRO seems to e the best best for historical Data.

I would have just edited my original post about it, but you cant seem to do that after a period of time on this forum, shame.
Attached File(s)
File Type: mq4 Simulator.mq4   16 KB | 413 downloads
  • #65,469
  • Feb 4, 2016 9:48am Feb 4, 2016 9:48am
Quoting Bushy
For those of you using the simulator, here's quick update, Stop Loss is now working and the top number which is 0 by default is a pause, I find sometimes that the full speed 32 is too fast and 21 on the slow side, the top number will slow it down, use multiples of 100. FXPRO seems to e the best best for historical Data. I would have just edited my original post about it, but you cant seem to do that after a period of time on this forum, shame. {file}
  • #65,471
  • Feb 4, 2016 12:47pm Feb 4, 2016 12:47pm
Quoting emmanuel7788
{quote} TIP #1 for trading Day chart TF. You may want to look at more currency pairs because trading the D1 chart TF means you will find a lot less trade opportunities in one month. By looking at more currency pairs, it will make up for the fewer trades but you will get more winners and you account can grow and help you reach your financial goals quicker and with minimal risks when you use the ME/ME money management approach. TIP#2 Stick to one trading method. In my case I trade with TMS 5-Method only. Do not run around in public forum looking for...

Dear Emmanuel

For Tip 1
I am following the currency pairs by saving the profile of H4, D1 and W1 like this:
http://screencast.com/t/voTBZmsO
Should I setup TMS monitor also ?

I would also go over each chart like this every 4 hours in details just in case I missed any setups:
http://screencast.com/t/5UXAregbQ
not sure if I made things complicated or if there's any way I can do it better?

I tend to easily forget the chart patterns I saw after switching to so many pairs...
should I take notes when I'm looking for good setups?
Like write them on a notebook "EURAUD xxxx formation/patterns, pay more attention in the next 4h.."?


Tip 2
I'll stick to 5-method the whole time.

Tip 3

Hardly any so called mentor in my country. Forex trading is not popular here.
Also it's hard to find a mentor like you(Emmanuel).
We all need you.
You led us into the tunnel
Please guide us to the exit of tunnel, the financial freedom.

Hope you can show us more of ME/ME tradings on the thread. I am really eager to learn and master it.

Best regards,

steven
  • #65,472
  • Feb 4, 2016 1:08pm Feb 4, 2016 1:08pm
Hello,

what is ME/ME?

Thanks
Perfection is the enemy of good enough!
  • #65,473
  • Feb 4, 2016 2:41pm Feb 4, 2016 2:41pm
Quoting MichaelSch
Hello, what is ME/ME? Thanks
Multiple entry/ multiple exit
  • #65,474
  • Feb 4, 2016 3:42pm Feb 4, 2016 3:42pm
Hi Emmanuel,

Enjoying the posts but early days for me yet. Could you point me in direction of the TMS Monitor you posted a few days ago?


The one I have doesn't show as much info, Thanks
  • #65,475
  • Feb 4, 2016 4:11pm Feb 4, 2016 4:11pm
Hi to all
My trade today gbpjpy h1 +25 I use fix tp
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYcH1.png Size: 67 KB


Gbpusd h1 +25
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDcH1.png Size: 58 KB


Euraud h1 candle pullback and I close it
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDcH1.png Size: 68 KB


Euraud h4 I opened first after I see pa I feel range market and I closed it
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDcH4.png Size: 69 KB


My challenge about sl I hope I can select it good soon
  • #65,476
  • Edited 6:09pm Feb 4, 2016 5:54pm | Edited 6:09pm
Quoting mortezakh
Hi to all My trade today gbpjpy h1 +25 I use fix tp {image} Gbpusd h1 +25 {image} Euraud h1 candle pullback and I close it {image} Euraud h4 I opened first after I see pa I feel range market and I closed it {image} My challenge about sl I hope I can select it good soon
Beautiful trades mate. You're catching those strong TDI crosses.
Nice and simple charts too and good to see you consistently pulling +25 pips and putting that in your pocket.
  • #65,477
  • Edited 7:13pm Feb 4, 2016 7:02pm | Edited 7:13pm
Quoting emmanuel7788
{quote} TIP #1 for trading Day chart TF. You may want to look at more currency pairs because trading the D1 chart TF means you will find a lot less trade opportunities in one month. By looking at more currency pairs, it will make up for the fewer trades but you will get more winners and you account can grow and help you reach your financial goals quicker and with minimal risks when you use the ME/ME money management approach. TIP#2 Stick to one trading method. In my case I trade with TMS 5-Method only. Do not run around in public forum looking for...
The problem is - it is very hard to find a reputable and trusted mentor in our city(don't know which one is fake or real) but right now we have someone which is one of the best mentor around right here in front of us. He knows how to teach us(make it very easy to understand) and one thing I am sure of he has got a very good brain(memory) he has taught us so many things and every time come with reference links(not many people can do that) and many people call him ''Big Emm''.

From now on I will trade only Daily chart may be some of 4hrs(may be scalping 1hr for fun during free time). I won't waste my time going around looking for ''Holy Grail'' any more - Here is my home and I will practice TMS method only.
Thank you Emmanuel for your time and teaching which helping many of us can see the light in the end of the tunnel

Best regards,
  • #65,478
  • Feb 4, 2016 7:10pm Feb 4, 2016 7:10pm
Quoting Iainc
Hi Emmanuel, Enjoying the posts but early days for me yet. Could you point me in direction of the TMS Monitor you posted a few days ago? The one I have doesn't show as much info, Thanks
Hi Iainc,

It's all in there you must read all 10 pages. then you can understand I think if I can recall I read it few times & tested with charts few times. If you have problem ask in that thread may be I can help

cheers,
  • #65,479
  • Feb 4, 2016 10:54pm Feb 4, 2016 10:54pm
EUR JPY -

are we going down?

1D chart - looks like the pair touch resistence of the tunel and TDI saying we r going down.

1H chart - looks like head & shoulders pattern, another signal for short.

anyway, im in lets hope its going down
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR JPY 1D.png Size: 33 KB
Click to Enlarge Name: EURJPY 1H.png Size: 36 KB
  • #65,480
  • Feb 5, 2016 2:25am Feb 5, 2016 2:25am
Quoting pete.alfa
{quote} Hi Iainc, It's all in there you must read all 10 pages. then you can understand I think if I can recall I read it few times & tested with charts few times. If you have problem ask in that thread may be I can help cheers,

Hi pete.alfa,

Thank you for your reply. Unsure which thread (10 pages) you refer to but please advise and I will read. Also the question I was asking Emmanuel about was his indicator TMS Monitor. I have found a version but not as detailed as that one.

Thanks again.
Cheers
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