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Trading Made Simple

  • #65,681
  • Feb 11, 2016 6:37am Feb 11, 2016 6:37am
Quoting emmanuel7788
{quote} Hi mkfx, You do not trade ME/ME based on TDI cross on Day chart. That will not work. You trade ME/ME by following then market dominant trend. http://www.forexfactory.com/showthre...68#post8736468 The floating loss for open positions are within the hard stop loss and the SMART-Cut Loss levels. These are based on market volatility and are within your account margin and the account leverage you open with your broker. Read my post above on SMART-Cut Loss. Read all my posts this week on AUDJPY ME/ME trades done this week....

Thanks Emmanuel for guidance. After analyzing TMS, i realized that ME/ME with solid MM is the best way to trade FX with less stress.

I want to have clear (as much as possible ) rule ( TDI Cross or ABP color or angle of TDI) to determine the direction trend based on HTF .

What is your opinion about trade ( M entry) in the direction of color of Weekly ABP candle ?

Thanks

MK
  • #65,682
  • Feb 11, 2016 9:28am Feb 11, 2016 9:28am
I went long at LO on EA H1 chart, +26 pips before it took me out on BE, I was distracted with others things, that I moved it to break-even too early

Divergence printed later , APB candle changed color, TDI crossed, enterd 2 positions shorts, +50 and +100 pips
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I Have Learned to Take Some Losses to Make Profits
  • #65,683
  • Feb 11, 2016 10:09am Feb 11, 2016 10:09am
Eurusd h1 long position fix tp 21
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  • #65,684
  • Feb 11, 2016 10:40am Feb 11, 2016 10:40am
Not posted for a while, I really got into running the simulator over and over for hours and hours on end, and stumbled upon a strategy that seems to be quite amazingly effective and once more simple, however I don't want to take over the thread with this in distraction to the core strategy, I don't think it will help, so I will just give a short description of it here for those that may be interested, but also some of it translates to the TMS.

This only applies to the 4hr chart in it's simplest form. Normal trading principles apply of course, support and resistance etc.

For countertrending wait for divergence where both peaks/troughs are above 68/32 line, wait for HA candles to change colour.

For trend continuation, only trade the same side and direction above or below the 50 line on the TDI, so if above, for troughs, wait until candle turns green/blue then go long.

I dont use the Red line on the TDI, and that's about it.
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  • #65,685
  • Feb 11, 2016 11:23am Feb 11, 2016 11:23am
Quoting emmanuel7788
{quote} Very good ... you have achieved a high level. https://www.youtube.com/watch?v=j1wjvP-raOI

Wish Big Emm could tell me in the near future "It's time to leave"
  • #65,686
  • Feb 11, 2016 11:29am Feb 11, 2016 11:29am
Quoting emmanuel7788
{quote} ... The floating loss for open positions are within the hard stop loss and the SMART-Cut Loss levels. These are based on market volatility and are within your account margin and the account leverage you open with your broker. Read my post above on SMART-Cut Loss. Read all my posts this week on AUDJPY ME/ME trades done this week. regards,
Emmanuel, thank so much for sharing all your experience with us, may life reward you for that!

I started my first ME/ME trade some days ago on EURJPY. It went quite well, some mistakes, but nevertheless +280 pips ... but today I would have needed some "intelligent" Cut Loss EA... During lunch I lost 180 pips due to the spike. I had placed my SL approx. 1.5*ADR(100) = 180 pips away, but the spike was higher.

Imo a solution could be based on comparing short-term (1h?) volatility to ADR and move the SL accordingly. To avoid increasing risk above limit, the position would have to be reduced.... I will think about that.
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Best regards, blackfriday
  • #65,687
  • Feb 11, 2016 12:49pm Feb 11, 2016 12:49pm
hello people,

its my second week with TMS, going realy good, need to practice a lil more about it but its improve my trading skils, specialy the signal for enter and exit a trade.
need some practice on my psychologic, I close trades that go against me and after that moving to my TP - I have no idea why im doing it.

thanks again for sharing your expirience with us and give us your time for explenation.

I didnt find any info about the ME/ME and ADR - can i have a link for that?

cheers,
  • #65,688
  • Feb 11, 2016 1:47pm Feb 11, 2016 1:47pm
ADR = Average Daily Range

ME/ME = Multiple Entry / Multiple Exit. If you will look some pages back there is a link provided by Big Emm about position building.... and an ongoing discussion about that topic. Big Emm started a sample trade some pages ago, you will find his latest results here http://www.forexfactory.com/showthre...68#post8746668
Best regards, blackfriday
  • #65,689
  • Feb 11, 2016 1:48pm Feb 11, 2016 1:48pm
Forgive me guys for asking a dumb question but what is ME/ME?
  • #65,690
  • Feb 11, 2016 2:52pm Feb 11, 2016 2:52pm
Quoting blackfriday
ADR = Average Daily Range ME/ME = Multiple Entry / Multiple Exit. If you will look some pages back there is a link provided by Big Emm about position building.... and an ongoing discussion about that topic. Big Emm started a sample trade some pages ago, you will find his latest results here http://www.forexfactory.com/showthre...68#post8746668
  • #65,691
  • Feb 11, 2016 4:04pm Feb 11, 2016 4:04pm
Quoting Bushy
I dont use the Red line on the TDI, and that's about it. {image}

Intresting kind of view
I always like to see people who keep it simple.
Guido
Risiko birgt immer auch die Chance.
  • #65,692
  • Feb 11, 2016 4:14pm Feb 11, 2016 4:14pm
Take care in the markets. volatile times..
It's in fear when people show what they truly value.
  • #65,693
  • Feb 11, 2016 4:17pm Feb 11, 2016 4:17pm
Would anyone know a reference post for information about stop loss placement? Thank you.
  • #65,694
  • Feb 11, 2016 4:22pm Feb 11, 2016 4:22pm
Quoting Bladerunn3r
Forgive me guys for asking a dumb question but what is ME/ME?
Multiple entries, Multiple exit...

It is used to build an entry in a established trend, position is built in retracements of trend but keeping risk below 2% or 1%, each entry using 0.2% of overall risk on the trade..

More on this, check this post https://drive.google.com/folderview?...1R0U0dnYkxUaGM for more on ME/ME..

Also check this post for overall summary of this thread.. https://drive.google.com/folderview?...GM&usp=sharing
It's in fear when people show what they truly value.
  • #65,695
  • Feb 11, 2016 5:13pm Feb 11, 2016 5:13pm
Quoting organon1973
Would anyone know a reference post for information about stop loss placement? Thank you.
One helpful post here https://drive.google.com/folderview?...1R0U0dnYkxUaGM

A stop loss that can be used is the swing high or low as illustrated in the image below.
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It's in fear when people show what they truly value.
  • #65,696
  • Feb 11, 2016 7:24pm Feb 11, 2016 7:24pm
Quoting emmanuel7788
{quote} AUDJPY Week 06 ME/ME trades Update 11 Feb. Total trades profits taken so far - 671 pips with re-entry now at 79.80. next target level is 79.11. trades shown here in H4 for better clarity of the entries. {image} below the D1 chart view of same trades. {image}

AUDJPY Week 06 ME/ME trades update 12 Feb.

yesterday closed 2 trades +100pips each with total so far 871pips for this pair.
re-enter a new position now with 4 open trades.
the Hard Stop Loss remains at -400pips from the average entry price of 4 trades, this is also the break even level.
shown below in H4 with the SMART CutLoss levels which is below the Hard Stop Loss.
I will be closing most of my positions today and not risking anything over this weekend.

Attached Image (click to enlarge)
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Trade with extra caution folks.
Yesterday HongKong market re-open and you should know that the Chinese investors and traders are taking their positions to cover their losses. Japan , European and US markets got routed this week while the Chinese market are closed for their Spring Festival. You will know what happens to the Chinese market when they re-open on Monday morning Asia hours.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,697
  • Feb 11, 2016 7:31pm Feb 11, 2016 7:31pm
USDJPY has a great run this week and now H4 is in consolidation. It will pop again but you need to be more careful today selling today.
2-days look back for SL is 300 pips away... too close .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,698
  • Feb 11, 2016 7:47pm Feb 11, 2016 7:47pm
Quoting emmanuel7788
{quote} 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...

Thank you so much for this post. Are the TMS 5-method rules still used/applied?

Also, are the 2 Synergy packages all I need to download? (APB and TDI) I will most likely read all of Big E's posts because I love this man's energy so far.

Death doesn't exist as long as we keep the person alive in our thoughts and emotions.
  • #65,699
  • Feb 11, 2016 8:07pm Feb 11, 2016 8:07pm
Hi Emmanuel

I am also using the TMS 5 method using the Daily time frame. U/J was good to trade.
I was a bit late in exiting as I was just watching the daily time frame. Just wanted to know if u also look at the 4hr time frame to exit positions when trading on dailies as the 4hr on U/J was showing consolidation hence would have been a good time to exit. I did leave around 70 or 80 pips as I just looked at the daily time frame. I am also looking at the bigger picture by looking at S&R and swing highs and lows on Weekly and monthly time frames. I am not very good at adding positions yet.

What exactly do u look for before adding positions, like trend on higher time frame, colour of synergy candles, size of candle, etc.

Any advice will be much appreciated.

Regards
Dennis
  • #65,700
  • Feb 12, 2016 4:57am Feb 12, 2016 4:57am
Quoting pete.alfa
{quote} Hi TheScorpS fantastic 1hr trade Do you trade EurAud only? at the moment I am looking for suitable 1hr method to trade during free time. Do you mind to share your method(briefly)? Thank you
Took me more than a day to get back to you, sorry for that , the way I trade is not holy grail nor magic, its what I have been trying to achieve for the last 3 years, learning and trading TMS, I read Big E book, and then studied extensively and still do Phx62 books, those helped me a lot, while back-testing on a daily basis and still do

I follow the same principle that Big E posted in the first page, and try to make it simple with a proven trading plan that has more obviously a bit more detials to it

Basically a candle changes color and TDI cross is the main trigger for my entries , then comes TDI bounces , which often are good ones, but needs more understanding of PA and TDI

At the end comes, EMA 200 and EMA 10 which I studied a long the way and found my way through to include those 2 power EMAs into TMS and trading , 10 to follow the trend, 200 to most of the times for reversals , and of-course both is used at times for breakout too

Hope this helps
I Have Learned to Take Some Losses to Make Profits
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