Trading Made Simple

Quoting pete.alfa

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{quote} Thank you TheScorpS for your 1 hour method(very simple & easy to understand). And also thanks for Phx62 study books(I will have something to read about 450 pages) Best regards

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Quoting emmanuel7788

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{quote} Hi Dennis, Basic rule for trade management is : when you trade D1 chart timeframe, you manage only in that chart timeframe. Do not manage in lower timeframe. Another rule is to add positions only with banked in profits from earlier positions. Make your money work for you. The money you make in the market is your money, it is not 'house money' which only gamblers think. Think like an investor , trade like an investor. Add positions when the dominant trend in which you are trending is still intact and that last setup is still valid. There...

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Quoting pinoismo

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In the build up phase of ME/ME, at the moment when you decide to place the first entry, do you place a max of four entry limits at the opposit direction hoping for a better price?

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Quoting lastingwell

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{quote}As TheScorps has pointed out, those pdf's contain a wealth of information about how the tdi reacts, what to look for and how to trade. Read every single word in there over and over, and you won't go far wrong, then open a small live account and practise, practise, pracise on just one currecy if necessary until you see what he saw, then you can apply it to other currencies as you see fit when you have become profitable, which you will.

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Quoting tibovwh

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{quote} Hi Pino, This is one possibility. However, keep in mind, that when building a positions you want to spread out your entries both in terms of PRICE and in terms of TIME. Emmanuel advocates a minimum pip distance (based on ATR) and a minimum 4H delay between entries. Ultimatly, you have to find what works for you.

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Quoting pinoismo

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Thanks {quote} Thanks tibovwh. Can I ask what's the minimum 4H delay?

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Quoting kevinfeng

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{quote} EMMA, Hi, thank you for your posts about AUDJPY which taught me how to trade MEME step by step. this is really helpful for me to understand MEME trading method. i also trade AJ PAIR with DEMO account last week. on thursday there is huge pullback on D TF as USDJPY pair which mean high possiblity to be in consolidation in few days. but my problem is i have opened 5 MEME orders during Thursday pullback and Friday, how can i handle those orders? in simple words， if you alrealdy open several positions with MEME before the price go into...

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Quoting kevinfeng

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{quote} EMMA, Hi, thank you for your posts about AUDJPY which taught me how to trade MEME step by step. this is really helpful for me to understand MEME trading method. i also trade AJ PAIR with DEMO account last week. on thursday there is huge pullback on D TF as USDJPY pair which mean high possiblity to be in consolidation in few days. but my problem is i have opened 5 MEME orders during Thursday pullback and Friday, how can i handle those orders? in simple words， if you alrealdy open several positions with MEME before the price go into...

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Quoting emmanuel7788

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Mastering TMS alone is not enough to be a successful profitable trader. TMS is nothing more than just a simple trend trading method know as the 5-Method. You also need to master money management and managing your mental fitness to achieve and maintain consistent profitability over a long term. {image} To achieve Peak Performance, we must work on and master the MindSet part.

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Quoting tibovwh

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Also: Here's the excel sheet I was talking about. I use to to calculate position sizes. Feel free to have a look and if you spot room for improvement, be sure to let me know! Unfortunatly, it is in , but the idea stays the same! Best, {file}

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Quoting emmanuel7788

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{quote} spending too much time into those pdfs won't make you successful. better spend your time in forward testing in live market everyday with a demo account. your will learn more doing forward testing, you will learn to observe how the market move ... price action in realtime, you will learn to observe how the TDI reacts to the real price action in realtime, you will learn about yourself and how you will manage your trading psychology when you are trading live and reacting to the market movements, you will learn and apply your money management...

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Quoting lastingwell

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{quote}As TheScorps has pointed out, those pdf's contain a wealth of information about how the tdi reacts, what to look for and how to trade. Read every single word in there over and over, and you won't go far wrong, then open a small live account and practise, practise, pracise on just one currecy if necessary until you see what he saw, then you can apply it to other currencies as you see fit when you have become profitable, which you will.

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Quoting emmanuel7788

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{quote} Hi Dennis, Basic rule for trade management is : when you trade D1 chart timeframe, you manage only in that chart timeframe. Do not manage in lower timeframe. Another rule is to add positions only with banked in profits from earlier positions. Make your money work for you. The money you make in the market is your money, it is not 'house money' which only gamblers think.

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Quoting kevinfeng

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{quote} Thank you mousteven for your reply. Actually i have also build MEME orders during build phase you metioned in the picture and close them in profit. But i re-open order after that as emma do(on the picutre of his AUDJPY update5, he also re-opened some orders as me), but i dont know if he closed them or not because on his post he just said I will be closing most of my positions today and not risking anything over this weekend. (post 65698). I believe that when we trade MEME method, we can not avoid such thing because we dont know when the...

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