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Trading Made Simple

  • #65,601
  • Feb 8, 2016 7:59pm Feb 8, 2016 7:59pm
Quoting mousteven
{quote} Emmanuel I have 4 questions. These four questions always come to my mind when I see you update your trading performance, would you kindly explain to us? Or if anyone knows the answers to my questions please kindly tell me. Thanks. mousteven {image}

Hi Steven,

1. You need to know how to read your MT4 terminal Account History report. It record all transactions of the trades which included Commission, Taxes, Swap, etc. not just the Trades open/closed. Those rise and falls in the equity curve show all the transactions. the trades closed are shown as group of trades closed, some rise when closed in profits, some dips when closed in losses, some may closed flat when breakeven.

2. those are for trades closed for 3 weeks in Jan.... from 11 to 29 Jan.

3. those average data are from my own analysis using data exported from the MT4 terminal account history and using Excel to generate statistics for my own purposes. The average data I use for my own analysis are for the same period 11 to 29 Jan. All trades are on day charts.

4. I used MPTM EA for many years. It is a monster EA , thanks to Steve Hopwood, and its takes long time to learn and to know how it work. Once you know it, you can tamed that monster EA and make it work for you. But you need to know what trading and managing trades is about when you want to tame that monster. There are newer version for basket trade management. I'll PM you. You know we must abide by FF Code of Conduct what we can write and post here.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,602
  • Feb 8, 2016 8:18pm Feb 8, 2016 8:18pm
Quoting tibovwh
{quote} Emmanuel, You use the 0.5*ADR(100) as a filter not to open too many positions too close to eachother (together with the 4H rule) I take it? But from this post it gives the idea that every subsequent entry has its own specific SL of 120 pips away from its entry? I always thought that your subsequent entries had the same SL based on 2-weeks lookback? 120 pips * 8.3$ = 996$ $5000*0.002 = 10$ 10$ / 996$ = 0.01 lot So in the case we use a 120pips SL for every entry we enter with 0.01 lot every time. If we use for example a 250 pips SL risking...
very good questions. Let me answer these later, its lunch time here now.
Meantime read my post on AJ trades.


Quoting emmanuel7788
{quote} You can start your first entry when market opens tomorrow. ADR(100) days is about 120pips. so we can use 0.5ADR distance and place our ME trade entries. max. 5 trades to build one Position. use the ADR 120 pips to calculate the trade lot size for each of the ME trades. AJ pip value is $8.3 And if you risk 0.2% of $5000, you can calculate the trade lot size.

Did I say anything about SL in this post above?
I only shared this becasue many members PM and asked me how to trade ME/ME when they only use fix lots size with small account and do not understand R and R-Multiples by Van Tharp.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,603
  • Feb 8, 2016 8:47pm Feb 8, 2016 8:47pm
Quoting emmanuel7788
{quote} Hi, yes, R:R is important. last Friday' D1 candle close was very strong which hit a historical 'resistance' 1.5770. And it is not a good idea to sell against such strong buying momentum. no matter how steep the TDI Green angle is, it is never a good idea to trade against the higher TF especially during period when market liquidity is low. we cannot tell if there are really buyers or sellers just by looking at the TDI angle. The market uses such low liquidity to set up traders. regards,
Thank you Emmanuel, this higher TF trading is much more relaxing and rewarding when taking trades from keys levels of support or resistance using price and momentum. This pair ive had ME/ME since 5Feb. My final target is 164.200 level.
Attached Image (click to enlarge)
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By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #65,604
  • Feb 8, 2016 9:12pm Feb 8, 2016 9:12pm
YES! I am done for the day!

After scanning the charts after the London session closed, I picked 2 pairs to be traded by simply applying the TMS-5 method on Daily Chart, which are NzdChf +50 pips and NzdJpy +50 pips.
PLS NOTE THAT TDI CROSSOVERs WERE TAKEN BELOW THE 68LEVEL, I just prefer it that way.
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NZDCHF +50pips
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NZDJPY +50pips
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Very happy with my 100pips today.
  • #65,605
  • Feb 8, 2016 9:14pm Feb 8, 2016 9:14pm
Quoting pulubi28
YES! I am done for the day! After scanning the charts after the London session closed, I picked 2 pairs to be traded by simply applying the TMS-5 method on Daily Chart, which are NzdChf +50 pips and NzdJpy +50 pips. PLS NOTE THAT TDI CROSSOVERs WERE TAKEN BELOW THE 68LEVEL, I just prefer it that way. {image} NZDCHF +50pips {image} NZDJPY +50pips {image} Very happy with my 100pips today.
You're doing so well mate. This is what I like to see! And you're following the original Eelfran's Trading Made Simple methods too!
  • #65,606
  • Feb 8, 2016 9:52pm Feb 8, 2016 9:52pm
Quoting Dimi.A
{quote} You're doing so well mate. This is what I like to see! And you're following the original Eelfran's Trading Made Simple methods too!

You've taught me well Dimi of the importance of the SIMPLE TMS-5METHOD. I always check your IMAGES GIFs post on your profile and apply it on DAILY chart.
I am surprised how TDI and STOCH looks very pretty when they are on the same direction.

I am more focused now on TDI's behavior, how it reacts to APB. My problem is money management, since ME/ME is advanced for me right now, I am trying to just lock in 50pips profit and learning where to put my SL, I have my journal beside me to take notes of how much I could risk per day. But as what Big E said,

SIMPLE RULES, SIMPLE PIPS
http://www.forexfactory.com/showthre...54#post4868954
  • #65,607
  • Feb 8, 2016 10:20pm Feb 8, 2016 10:20pm
Quoting pulubi28
{quote} You've taught me well Dimi of the importance of the SIMPLE TMS-5METHOD. I always check your IMAGES GIFs post on your profile and apply it on DAILY chart. I am surprised how TDI and STOCH looks very pretty when they are on the same direction. I am more focused now on TDI's behavior, how it reacts to APB. My problem is money management, since ME/ME is advanced for me right now, I am trying to just lock in 50pips profit and learning where to put my SL, I have my journal beside me to take notes of how much I could risk per day. But as what Big...
Hahaha that's right man. You're a TMS champion in the making. Soon you'll be teaching me a thing or two.

Nice link back to Eelfranz old post haha. That's us and our wheelbarrows aye!
  • #65,608
  • Feb 8, 2016 11:09pm Feb 8, 2016 11:09pm
Quoting Dimi.A
{quote} Hahaha that's right man. You're a TMS champion in the making. Soon you'll be teaching me a thing or two. Nice link back to Eelfranz old post haha. That's us and our wheelbarrows aye!

Hopefully Dimi. But I am only at the starting line of the 6000 hours, for sure there'd still be many ups and downs, mistakes along the way.
PRACTICE PRACTICE and PRACTICE of the method, that's what we need.

Please stay here whenever you can Dimi to remind us of Big E's method.
  • #65,609
  • Feb 8, 2016 11:46pm Feb 8, 2016 11:46pm
Quoting emmanuel7788
{quote} Hi Folks, started a new ME/ME basket yesterday. since there was no deep retracement yesterday, there was no opportunity to add multiple entries ME trades and build up this position to full risk. I took profit +100pips @0.2% risk, and re-enter a trade for a new position. let's see if tere will be retracement today for me to add some ME trades. {image} trade well folks,

AUDJPY ME/ME trades update 9 Feb:

Took another +100 pips @0.2% as price broke lower this when Tokyo open. Happened too fast, hit my TP and I re-enter late. Again there was no retracement to add-on trades for ME build position.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,610
  • Feb 9, 2016 12:18am Feb 9, 2016 12:18am
2 trades taken on the 1 hour time frame..Set and forget..Targets hit
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the cautious seldom err....C
  • #65,611
  • Feb 9, 2016 1:42am Feb 9, 2016 1:42am
Quoting emmanuel7788
{quote} AUDJPY ME/ME trades update 9 Feb: Took another +100 pips @0.2% as price broke lower this when Tokyo open. Happened too fast, hit my TP and I re-enter late. Again there was no retracement to add-on trades for ME build position. {image}

I was in the trade too. Took it based on 4H chart. Price bounced on 86 level multiple times and couldn't stay above it. TDI showed less strenght, could've sold it up there but waited for confirmation. Then price made lower high indicating that it is going to fall. Sold at the point of a red candle breaking last 4 blue candled.

On daily chart you see hidden divergence too on AJ. That gave me extra confidence for big TP.
Attached Image (click to enlarge)
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  • #65,612
  • Feb 9, 2016 1:56am Feb 9, 2016 1:56am
Quoting emmanuel7788
{quote} {quote} Did I say anything about SL in this post above?
Well, not directly but to calculate the position size we need to have a SL so it sounded like we use the 0.5*ADR as SL per entry. But the pictures from AJ make things somewhat clearer already. Hopefully you can find a retracement soon which will answer my questions even better!

Best,
  • #65,613
  • Feb 9, 2016 2:03am Feb 9, 2016 2:03am
Quoting maindfriik
{quote} I was in the trade too. Took it based on 4H chart. Price bounced on 86 level multiple times and couldn't stay above it. TDI showed less strenght, could've sold it up there but waited for confirmation. Then price made lower high indicating that it is going to fall. Sold at the point of a red candle breaking last 4 blue candled. On daily chart you see hidden divergence too on AJ. That gave me extra confidence for big TP. {image}
why your tp set is red ?!
  • #65,614
  • Feb 9, 2016 2:09am Feb 9, 2016 2:09am
Can anyone provide a link to the original method and rules please?
  • #65,615
  • Feb 9, 2016 2:24am Feb 9, 2016 2:24am
Quoting genie
Can anyone provide a link to the original method and rules please?

Here are the links -

Here is a quick introduction to this Trading Made Simple thread:
Trading made Simple for beginners : Post#52,707
A short history by pioneer member snarlyjack Post#110

Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,
After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432
In Post#1, he explained how he traded the H4 chart timeframe and he also trade the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.
Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.

TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

The original indicators and template … Post#25
Latest Indicators:
The only two indicators which we use and the most recent versions are:-
the Synergy_Pro_APB which has the Price Action Channel build-in
the Synergy_Pro_TDI, an updated version which work in realtime market
these are found in the package Synergy_Pro zip : Post#50,241

Recommendations:
Read all of Big E’ posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.
Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school

This is the only trading method you will need and you need to commit to spend time to learn it and then master it. It is one way to your financial freedom.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,616
  • Feb 9, 2016 2:28am Feb 9, 2016 2:28am
Quoting golden-way
{quote} why your tp set is red ?!
Because it is a sell order, it will always be red colored. Buy orders are green.
  • #65,617
  • Feb 9, 2016 3:04am Feb 9, 2016 3:04am
Quoting maindfriik
{quote} I was in the trade too. Took it based on 4H chart. Price bounced on 86 level multiple times and couldn't stay above it. TDI showed less strenght, could've sold it up there but waited for confirmation. Then price made lower high indicating that it is going to fall. Sold at the point of a red candle breaking last 4 blue candled. On daily chart you see hidden divergence too on AJ. That gave me extra confidence for big TP. {image}
Nicely done! That giant H&S pattern was of great help in the way down. I wish I caught at least one of those two falling knives.
  • #65,618
  • Feb 9, 2016 3:18am Feb 9, 2016 3:18am
Quoting Ballistical
{quote} Yes you're right... on the first trade, the candle after my entry candle was the correct TMS entry candle according to the rules. However, as I mentioned, trading around LO (London Open) on H1, waiting for the true TMS setup can cost you as the moves often happen in a single candle. Remember, Big E took trades predominantly on H4 where things tend to be a little smoother. It would have been unwise to take that TMS signal on the candle after my entry for the following reasons: - My entry candle had moved 120 pips and if you know this pair...
​Can you confirm you entry was the 9 am candle an hour after the LO open please?
  • #65,619
  • Feb 9, 2016 3:31am Feb 9, 2016 3:31am
EURAUD H1 LO+1 hour.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 9 Feb LO candle closed.png Size: 49 KB


LO=London Open
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,620
  • Feb 9, 2016 3:55am Feb 9, 2016 3:55am
Quoting emmanuel7788
{quote} Hi Scramble, 1. always do your top down analysis to see what the market type is before your start the week trading. know where the Monthly historical price swing levels are around the current market price when you are on the lower TF trading charts. I call this my Big Picture Plan BPP. One same BPP and you can trade both 4H swing trading and Day Position trading. 2. when you trade H4, always follow the Weekly bias and also look at the previous Day candles. Make sure all 3 timeframes are align in the same direction. 3. in the TF your want...
​Thank you Emm, If I wanted to trade the 1h tf, would I just adjust the above analysis down 1 TF?
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