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Trading Made Simple

  • #65,521
  • Feb 6, 2016 2:50am Feb 6, 2016 2:50am
Quoting emmanuel7788
TMS ME/ME trades closed Weeks 02 to 05 (11 Jan to 5 Feb)........ I see a few potential trades on D1 charts good for ME/ME. Have a Good Weekend. Last week' results Post#65,231
Many congratulations, excellent results as always
Winners Never Quit, Quitters Never Win
  • #65,522
  • Feb 6, 2016 2:56am Feb 6, 2016 2:56am
Quoting Dimi.A
Hi traders, I've ended my week last .......I will do my best to get back to you as quickly as I can. (Examples are animated GIFs if you click on the pics) {image} {image} {image} {image}
Hi Dimi.A! Fabulous trading . The simplicity of your chart just like BigE, thnx for your posts, just keep posting buddy, Many green pips to you.
Have a nice weekend!
Winners Never Quit, Quitters Never Win
  • #65,523
  • Feb 6, 2016 3:35am Feb 6, 2016 3:35am
Quoting emmanuel7788
{quote} your two screencast drawings for buy and sell illustration is dangerous and not correct for trend trading. the concept is to buy/sell in the direction of the dominant trend, build positions during the retracement, let profit run when the market is back into the dominant trend. most traders try to do the opposite trying to pick tops when they want to sell and pick bottom when they want to buy. we must never try to pick tops and bottoms in all market types. {image}
HI Emm, what do you mean "build"? and "let profit run"?
  • #65,524
  • Feb 6, 2016 4:39am Feb 6, 2016 4:39am
Quoting emmanuel7788
Week 02 to 05 ( Jan 11 to Feb 05) Winning trades : 185 Losing trades : 21 Total Win pips : 23,750 pips Average Win Pips : 128 pips Average Win Amount: $241.00 Average Lot Size : 0.28 std. Average duration of trade : 5Days 4Hours
Deserved results as ever. I'd say that karma played a role from the selfless effort you put in to this group, but I know that it is long-learned skill that brought this success, so the karma is clearly saved/used in another way

What is the average number of positions that you've built in these 206 trades? I'm interested to understand how many trade opportunities you took during this time.

Example:
206 trades
average 6 positions per trade
= 34 opportunities taken

Thanks, as ever
  • #65,525
  • Feb 6, 2016 4:40am Feb 6, 2016 4:40am
Quoting emmanuel7788
{quote} here are two types of H1 traders : {image} what is your view on that H1 setup?
Am I correct that there was a WRB in Asian Session?

I'm cutting down on my 1H charts screentime anyway. Not my cup of tea
  • #65,526
  • Feb 6, 2016 4:48am Feb 6, 2016 4:48am
Quoting Dimi.A
Hi traders, I've ended my week last week with just over +700 pips from the TMS on the 4H charts. Smaller live practice charts at only 0.20 lots to demonstrate the sheer profit potential of using the basic and original TMS concept. Remember TDI crosses and bounces are always sitting in between 12-2pm/4-6pm angles. Once you've mastered the TDI crossover entries be sure to practice TDI bounce trades as well guys as there's always pips in those trades. Just look at those trades like the bonus stage in Street Fighter or Mario. You go in there, you beat...
Dimi,

As always, great post and I'm loving those GIFs!

i've been comparing the TDI set to 'close' and the one set to 'typical price' lately. I think you are using the TDI set to 'close'? Do you think the angles are just as important when using the one set to typical or is it a bit different? What other settings are you using on your TDI?

Regarding your entries, I'm wondering if you always let the bar close to confirm the cross or do you sometimes take those agressive entries Big E style where you enter when you see it crossing on the open (but the bar is still live)?

Lastly, I'm wondering how exactly you determine your targets? I like how you aim for reasonable TP's but I haven't yet figured out how exactly you close. Is this based entirely on what you are seeing in PA or do you have other things to guide you when deciding?

Best,
  • #65,527
  • Feb 6, 2016 6:56am Feb 6, 2016 6:56am
Quoting emmanuel7788
{quote} that's one of Big E 'weakness' in trading. he trade wit fix lot sizes like 3 to 5 standard lots per entry. when market pull back 20 pips on his 5 standard lots, that is -$1000 ... he can't take that.
Hi, Emmanuel
Sorry for my silly question but if Big E didn't like big draw down at Daily, why didn't he lower his lot size and widen his SL and TP instead? If someone has relatively efficient (or accurate) entry/exit skill like Big E, do you still recommend him ME/ME method? For people with huge account (over multi-million dollar accounts) must be benefited by ME/ME because this strategy is less prone to slippage or stop hunting. But for average people with 5K account, I am still not sure for its usefulness...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #65,528
  • Feb 6, 2016 7:01am Feb 6, 2016 7:01am
Quoting emmanuel7788
TMS ME/ME trades closed Weeks 02 to 05 (11 Jan to 5 Feb). Woke up early at 4 am my local time to look at the London session close and close some profitable trades for this week. We saw some good trend run this week for some pair and some of us took advantage of those moves and made money. Week 02 to 05 ( Jan 11 to Feb 05) Winning trades : 185 Losing trades : 21 Total Win pips : 23,750 pips Average Win Pips : 128 pips Average Win Amount: $241.00 Average Lot Size : 0.28 std. Average duration of trade : 5Days 4Hours This account started with a base...
Amazing... I strongly believe you're one of the top traders in the world. 10 times better than Jason Stapleton or Jarrat Davis!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #65,529
  • Feb 6, 2016 10:57am Feb 6, 2016 10:57am
Quoting Bardy
{quote} I wish I could help you but I don't even use MT4. I use my brokers platform which has the 8 hour chart. But I'm positive there is a way to get 8 hour charts on MT4.
Thanks Bardy will give it a try later
  • #65,530
  • Feb 6, 2016 11:37am Feb 6, 2016 11:37am
Quoting emmanuel7788
{quote} your two screencast drawings for buy and sell illustration is dangerous and not correct for trend trading. the concept is to buy/sell in the direction of the dominant trend, build positions during the retracement, let profit run when the market is back into the dominant trend. most traders try to do the opposite trying to pick tops when they want to sell and pick bottom when they want to buy. we must never try to pick tops and bottoms in all market types. {image}
So the first position must always be opened on breakout? And then build only on corrections? Did I understand it right?
  • #65,531
  • Feb 6, 2016 12:04pm Feb 6, 2016 12:04pm
1. Close to high marked with dashed red line.
2. Trends are long term long and short term long.
3. We are in a consolly area.
4. Candles in consolly area are a little less than average.
5. Candles at last reversal doesn't apply because of being in a consolly area
6. Momo is down but barely. (call it 3:45....lol)
7. Stoch does confirm Momo.

BUT

a. Bar in question is an inside and is a signal. Entry would have to agree with TDI
and would aggressively be at low of that bar. Conservatively at the low of the preceding bar.
Neither came to pass.
b. Following bar breaks the MA but is held at both the consolly swing high (red dashed line) and the
and the WRB high, marked with shaded blue area.
c. Next is another inside sig bar marked with up green arrow. TDI is maybe a cross but doesn''t
show enough to entice an entry.
d. Following bar at its close shows pretty good TDI with stoch conformation. It is a WRB which
indicates trading in lower TF only. It is also an engulfing sig bar.
e. The fact that it is an engulfing bar and the break of a wide consolly, I would nulify in my mind
the WRB and enter at the open of the next bar.
  • #65,532
  • Feb 6, 2016 12:10pm Feb 6, 2016 12:10pm
Attached Image
  • #65,533
  • Edited 6:49pm Feb 6, 2016 6:29pm | Edited 6:49pm
Quoting emmanuel7788
{quote} Hi, every trader has his/her own reasoning to trade or not to trade. but the simplicity is in TMS 5-Method in the original thread how Big E trade the lower timeframes. let's give more people the opportunity to look at that chart and try answer that post. here is that chart question again. {image} Have a Good Weekend.
I try again

1.How close am I to the previous high or lo
- Close to monthly S/R line about 50pips

2.Am I in an uptrend or downtrend.. short & long term...
- uptrend(long term & short term) prices are above 200ema in H1,H4,D & W

3.Am I in or close to a consolidation area
- yes in consolidation area

4.Are the previous candles small...
- Yes they are small

5.Look at the candles on the last reversal... big, little, what
- Average I don't understand this part?

6.How does the momentum look right now (12-2, 4-6)
- Good 4-6 ( I look at the green only correct?)
7.Does Stoch's confirm the TDI signal
- Yes Stoch confirmwith TDI

Decision: I wouldn't go for short because candles are very small in consolidation area against uptrend and close to Monthly S/R about 50pips not worth for the risk.


Best regards,
  • #65,534
  • Feb 6, 2016 6:45pm Feb 6, 2016 6:45pm
Quoting emmanuel7788
{quote} your two screencast drawings for buy and sell illustration is dangerous and not correct for trend trading. the concept is to buy/sell in the direction of the dominant trend, build positions during the retracement, let profit run when the market is back into the dominant trend. most traders try to do the opposite trying to pick tops when they want to sell and pick bottom when they want to buy. we must never try to pick tops and bottoms in all market types. {image}
Fantastic ME/ME method how to enter build& run

Best regards,
  • #65,535
  • Feb 6, 2016 7:15pm Feb 6, 2016 7:15pm
Quoting catalin_eros
{quote} So the first position must always be opened on breakout? And then build only on corrections? Did I understand it right?
Hi catalin_eros
From how to build the position
"Professional know that they are not likely to enter at the exact top or bottom so instead they focus on figuring out the price range for their entry''
I think just jump in while price is following the trend & of course in good range(from ebook) then build during pullback
Don't forget SL is about 300+pips - ranging(2 week bars look back) SL good trending(2 bars look back daily chart it can be very big pips)

Cheers
Attached File(s)
File Type: pdf How to Build a Position.pdf   3.1 MB | 678 downloads
  • #65,536
  • Feb 6, 2016 7:35pm Feb 6, 2016 7:35pm
Quoting heispark
{quote} Amazing... I strongly believe you're one of the top traders in the world. 10 times better than Jason Stapleton or Jarrat Davis!
He's more than that, he is the trading God and without doubt THE best in the world! He makes Paul Tudor Jones, Bill Williams and Richard Dennis look like amateurs and he still gets time to post on FF all day long! When are you doing the next podcast on the Stapleton show Emmanuel? I can't wait.
Ardua Ad Astra Per
  • #65,537
  • Edited 2:16am Feb 7, 2016 2:00am | Edited 2:16am
Back-testing session during the weekends, do ur work, do it often, and hopefully u gonna master what ur doing, ie become a successful trader

One more trade to the end of the session , as an update
Attached Image (click to enlarge)
Click to Enlarge Name: TMS_Testing_Update.jpg Size: 241 KB
I Have Learned to Take Some Losses to Make Profits
  • #65,538
  • Feb 7, 2016 2:30am Feb 7, 2016 2:30am
Quoting emmanuel7788
{quote} Hi, every trader has his/her own reasoning to trade or not to trade. but the simplicity is in TMS 5-Method in the original thread how Big E trade the lower timeframes. let's give more people the opportunity to look at that chart and try answer that post. here is that chart question again. {image} Have a Good Weekend.
Hey folks,

it is weekend time, so why not give this little trading quiz a try?

you will learn how to interpret Post#647 and apply that on your chart every time you want to trade. Also there is a little secret about the TDI and Price Action. Give this a try before I post my answer.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H1 5 Feb.png Size: 34 KB


Have Fun.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,539
  • Feb 7, 2016 2:40am Feb 7, 2016 2:40am
Quoting emmanuel7788
{quote} Hey folks, it is weekend time, so why not give this little trading quiz a try? you will learn how to interpret Post#647 and apply that on your chart every time you want to trade. Also there is a little secret about the TDI and Price Action. Give this a try before I post my answer. {image} Have Fun.
there is something in the HA 1st candle that he's H and L are smaller then the H and L from the previous candle (the candle inside the previous candle - hope i made it clear lol). i think its mean that something is going to happen, but the question is what??? - anyway i dont have any idea what will happen so i'm out from this trade.

BTW -

thanks again Emm for your time here!!
  • #65,540
  • Feb 7, 2016 3:54am Feb 7, 2016 3:54am
AUDJPY Week 06 ME/ME trading 8 Feb to 19 Feb.

Sell only.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 06 MEME.png Size: 92 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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