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Trading Made Simple

  • #66,501
  • Mar 4, 2016 6:32am Mar 4, 2016 6:32am
Quoting emmanuel7788
Some of us have had a super trading week and happy to close off before NFP tonite. My trades close so far and holding to some open positions in GBPUSD and EURAUD to run into next week. TMS ME/ME trades. Week 09 ( Mar 2 to 4) Winning trades : 71 Losing trades : 12 Total Win pips : 1,687 pips Average Win Pips : 24 pips Average Win Amount: $527.40 Average Lot Size : 2.17 std. Average duration of trade : 4Hours 38Mins {image} last week's results: http://www.forexfactory.com/showthre...81#post8781581
Hello Emmanuel

Amazing result as always..

Just curious, I see that your trade duration is approx. 4 hrs compare to number of days in your previous results. Your trading style for this week was any different from previous weeks or just the market condition allowed you to get out trade more quickly?
  • #66,502
  • Mar 4, 2016 6:37am Mar 4, 2016 6:37am
Quoting tibovwh
{quote} This is a great post, Emmanuel! I understand your hesitation to write fixed rules without context but this shows different methods while pointing to their context. So for ME/ME we can use two approaches. 1) Volatility based position sizing (based on ADR(100)) 2) Position sizing (based on Technical SL) For option 1) I have done some calculations in a spreadsheet and for a 5000 account risking 2% per trade we get the following trade lotsizes: {image} (Note that it uses ADR(50) which is imported automatically and it could not import ADR(100)...

Hi tibovwh,

I don't have time to read and digest everything you wrote but I will when I have time to.

If you keep doing what you are doing and put into realtime trading practice, you will in 2 years join a league of TMS 5_Method super traders.

We need to think beyond the traditional Risk Reward what most people talk about.


Attached File(s)
File Type: pdf The Tao of Reward and Risk by Sam Eder VTI.pdf   71 KB | 1,449 downloads


Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,503
  • Mar 4, 2016 6:38am Mar 4, 2016 6:38am
Quoting emmanuel7788
Some of us have had a super trading week and happy to close off before NFP tonite. My trades close so far and holding to some open positions in GBPUSD and EURAUD to run into next week. TMS ME/ME trades. Week 09 ( Mar 2 to 4) Winning trades : 71 Losing trades : 12 Total Win pips : 1,687 pips Average Win Pips : 24 pips Average Win Amount: $527.40 Average Lot Size : 2.17 std. Average duration of trade : 4Hours 38Mins {image} last week's results: http://www.forexfactory.com/showthre...81#post8781581
Hi, Emma! Are you trade M15 this week?
  • #66,504
  • Mar 4, 2016 7:07am Mar 4, 2016 7:07am
Trade I took today off the 1Min Chart Nasdaq CFD

Idea behind the trade was to buy into the consolditation.

I like to backup my trade entries by watching the momentum closely.

Like in this trade if I see that during consolidation PA is making lower lows and momentum is forming higher lows I am ready to go.

On this trade i got taken out my 1st initial SL by the market. Shoulda have placed it under the significant low around 4315.

A few minutes later I saw similar setup with TDI crossing above and momentum turning into positive direction.

1st TP where i closed 15% of Position was hit quite fast. 2nd TP was at the last significant high of the trend I wanted to trade.

Closed the trade when PA hit the EMA105 of the daily Chart which i like to use as a dynamic resistance zone. In the end it kept running further
but u never know ;-)

Attached Image (click to enlarge)
Click to Enlarge Name: 20160304 IBUST100_CFD 1 Min Entry.png Size: 208 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 20160304 IBUST100_CFD 1 Min Exit.png Size: 181 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 20160304 IBUST100_CFD 1 Day Exit at EMA105.png Size: 180 KB
Achieving your goals is only a matter of mental strength
  • #66,505
  • Mar 4, 2016 7:15am Mar 4, 2016 7:15am
Quoting emmanuel7788
{quote} today I had Italian for lunch, and just now I had German for dinner. After a few weizen, I am light headed... Sorry no M5 scalping done so far but this week I am demo testing TMS M15 scalping with ME/ME with a trade manager EA. still some work-in-progress in the final coding work. the idea is simple, buy above PAC and sell below PAC. the trend is 50 and 200 EMAs. {image}
Hi emmanuel do I know what kind of setting you use in the PAC ?

Synergy method +TMS?

TKS
  • #66,506
  • Mar 4, 2016 7:19am Mar 4, 2016 7:19am
Quoting emmanuel7788
{quote} Hi Bordy, Sorry for the delay. I was enjoying my weekend so much and did not have time online. Now to answer your questions. You remember I mention many times that I use 1% for ME/ME trading and allowing a maximum of 5 ME positions ( one initial Entry and 4 build positions). The reason for this is to prevent too big drawdown when using 2 to start. From my experience, there were times when retracement were deeper than we see on our chart. I have then the option to close the earlier open positions (oldest trades) and I have the option to use...

Hi Emmanuel,

As my understanding, build phase is building position when market retraces.

Inside your pdf in #post 60,551, you mentioned after 3 open positions, always look for opportunity to close the oldest trades at breakeven or small loss.

If after 3 open positions, the price goes back to the trend and I close the oldest trades at breakeven or small loss, there is no more effect of build phase.

Please clarify me on this. And sorry I bring out the old post.

Thanks in advance.
  • #66,507
  • Mar 4, 2016 7:38am Mar 4, 2016 7:38am
Is Anyone preparing to short NZUSD or EURUSD ?

NZDUSD has been ranging all week and it has now reached Resistance.

EURUSD just dropped due to recent US employment data, might be a nice H4 cross and color change in 20 Min (when my new H4 candle is created).

Thanks,
Bill
focus, manage risk, rinse, repeat
  • #66,508
  • Mar 4, 2016 8:13am Mar 4, 2016 8:13am
Quoting emmanuel7788
{quote} {quote} initial entry during Tokyo session EP160.017 SL 158.521 below previous Day low. I did not use 2 days look back as the PA was DBLHC + BUEB (day chart)


Hi emmanuel,

Is there a list of what all these abbreviations mean please
  • #66,509
  • Mar 4, 2016 8:31am Mar 4, 2016 8:31am
Quoting emmanuel7788
{quote} Hi Steven, First, please stop using Big Emm.
Hehe, I've been calling you "Big Emm" for such a long time now, it will be hard to call you simply "Emm" or "Emmanuel". But I'll try.
Thanks for answering my PM! I sent you another one.
  • #66,510
  • Mar 4, 2016 9:42am Mar 4, 2016 9:42am
Quoting kain775
{quote} Hi emmanuel, Is there a list of what all these abbreviations mean please
Lots of lists to be found on this subject.

Google will bring you a long way.

There is also a Search function on Forex Factory that you can use to search this thread specifically.

Lastly, there is a couple of PDF's on candlestick patterns that you can find in this thread. They have been linked many times

Best,
  • #66,511
  • Mar 4, 2016 9:46am Mar 4, 2016 9:46am
Quoting stl
{quote} Hi Emmanuel, As my understanding, build phase is building position when market retraces. Inside your pdf in #post 60,551, you mentioned after 3 open positions, always look for opportunity to close the oldest trades at breakeven or small loss. If after 3 open positions, the price goes back to the trend and I close the oldest trades at breakeven or small loss, there is no more effect of build phase. Please clarify me on this. And sorry I bring out the old...
There is if you open the same lotsize that you have built up. So you will have small pips from ME2 and ME3 (ME1 is Breakeven). And if price continues you still get benefits from all 3 positions the next time you re-enter.

But I'm sure Emmanuel will explain better!

Best,
  • #66,512
  • Mar 4, 2016 9:47am Mar 4, 2016 9:47am
Hello everyone,

I really like the TDI as an indicator and to simplify my selection process of finding good entries I look for an Expert Advisor that triggers a sound alert when the prior daily high/low is about to get touched or when price is a few pips near those S/R areas. Please see the uploaded image. Does such an EA exist?

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: EA Daily High Low with Sound Alert.png Size: 81 KB
  • #66,513
  • Mar 4, 2016 10:24am Mar 4, 2016 10:24am
Quoting kain775
{quote} Hi emmanuel, Is there a list of what all these abbreviations mean please
I have this:

TMS = Trading Made Simple
TDI = Traders Dynamic Index
TDI PL = TDI PriceLine (Green Line)
TDI SL = TDI Signal Line (Red Line)
TDI MBL = TDI Market Base Line (Yellow Line)
TDI VB = TDI Volatility Bands (Blue Lines)

APB = Average Price Bars
PAC = Price Action Channel
HA = Heiken Ashi
DOL = Daily Open Line
MC = Master Candle.
WRB = Wide Range Bar
RM = Ranging Market
MM = Money Management also Market Maker
ME / ME = Multiple Entries / Multiple Exits
R:R = Risk:Reward Ratio
ROI = Return On Investment

SW = Swing
HH = Higher High (swing)
HL = Higher Low (swing)
LH = Lower High (swing)
LL =Lower Low (swing)

TF= Time Frame
MTF = Multi Time Frame
LTF=Lower Time Frame
HTF= Higher Time Frame

TA = Technical Analysis
BRN = Big Round Number
RN = Round Number
PA = Price Action
CS = CandleStick
CSP= Candlestick Pattern
S/R = Support/Resistance
TL = Trend Line
BO = Breakout
PB = Pullback
RET = Retracement
DIV = Divergence
CT =Counter Trend
EWT = Elliott Wave Theory
FIB = Fibonacci Retracement
MA = Moving Average

EP = Entry Price
SL = Stop Loss
TP = Take Profit
TS = Trailing Stop
BE = BreakEven
P&L = Profit and Loss

OHLC = Open High Low Close
PB = Pin Bar
IPB = Inverse Pin Bar
IB = Inside Bar
OB = Outside Bar
DHLC = Double High Lower Close
DLHC = Double Low Higher Close
BEEB = Bearish Engulfing Bar
BEOB = Bearish Outside Bar
BUEB = Bullish Engulfing Bar
BUOB = Bullish Outside Bar
PP= Pivot Point
FTA = First Trouble Area
PPZ = Price Pivot Zone
  • #66,514
  • Mar 4, 2016 11:21am Mar 4, 2016 11:21am
Quoting AlansGS777
{quote} I have this: TMS = Trading Made Simple TDI = Traders Dynamic Index TDI PL = TDI PriceLine (Green Line) TDI SL = TDI Signal Line (Red Line) TDI MBL = TDI Market Base Line (Yellow Line) TDI VB = TDI Volatility Bands (Blue Lines) APB = Average Price Bars PAC = Price Action Channel HA = Heiken Ashi DOL = Daily Open Line MC = Master Candle. WRB = Wide Range Bar RM = Ranging Market MM = Money Management also Market Maker ME / ME = Multiple Entries / Multiple Exits R:R = Risk:Reward Ratio ROI = Return On Investment SW = Swing HH = Higher High (swing)...



much thanks
  • #66,515
  • Mar 4, 2016 12:30pm Mar 4, 2016 12:30pm
Quoting emmanuel7788
Some of us have had a super trading week and happy to close off before NFP tonite. My trades close so far and holding to some open positions in GBPUSD and EURAUD to run into next week. TMS ME/ME trades. Week 09 ( Mar 2 to 4) Winning trades : 71 Losing trades : 12 Total Win pips : 1,687 pips Average Win Pips : 24 pips Average Win Amount: $527.40 Average Lot Size : 2.17 std. Average duration of trade : 4Hours 38Mins {image} last week's results: http://www.forexfactory.com/showthre...81#post8781581

hi would you be kind enough to set up a trade explorer for your trades? i am a newbie here and just trying to learn


thank you so much
Fib(onacci) my way to glory
  • #66,516
  • Mar 4, 2016 1:07pm Mar 4, 2016 1:07pm
Quoting emmanuel7788
{quote} Hi Steven, First, please stop using Big Emm. I know you meant well but some people here get upset when they read I am being referred to as Big Emm. I don't want them to feel upset because it will affect their mental psyche and that can have negative influence to their trading. In our heart and mind, there is only one and will only be Big E as what we fondly remember eelfranz. Now back to your questions, I think you mix things up when you read those posts. You must read those post in the context how I reply to the members posts and questions....

Good morning Emmanuel:

Sorry, I really have to admit that I'm not a clever person. I really think you are the most patient guy in the world, and have been repeated the money management strategies over and over again. but I'm a visual learner, I feel that I'm missing few pieces of puzzle to the whole picture. Just want to make sure I get it right in the beginning so I can have a healthy concept or mindset to trading.

I learn 2xADR 100 days as Initial Stop Loss from one of your TMS II ME/ME pdf.
http://screencast.com/t/xpuqckQkfmd
that's why I'm curious how to build up 5 positions if spacing each use 0.5 ADR.


Is there any chance in the future, you can use demo account to build a position and instead of saying 0.2% for each add on (1% risk), tell us in more details, like all the entries prices , the actual lot sizes and initial stop loss price , so we can do the calculation to find out the essence of ME/ME strategy

Once again, sorry for asking too much.

Have a nice weekend,


Steven
  • #66,517
  • Mar 4, 2016 4:47pm Mar 4, 2016 4:47pm
hi can anyone tell me if i have take all the correct entries? am i missing any or entered ones that you wouldn't have???
thank you for your help
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 46 KB
Fib(onacci) my way to glory
  • #66,518
  • Mar 4, 2016 4:57pm Mar 4, 2016 4:57pm
Quoting emmanuel7788
Some of us have had a super trading week and happy to close off before NFP tonite. My trades close so far and holding to some open positions in GBPUSD and EURAUD to run into next week. TMS ME/ME trades. Week 09 ( Mar 2 to 4) Winning trades : 71 Losing trades : 12 Total Win pips : 1,687 pips Average Win Pips : 24 pips Average Win Amount: $527.40 Average Lot Size : 2.17 std. Average duration of trade : 4Hours 38Mins {image} last week's results: http://www.forexfactory.com/showthre...81#post8781581

Hello Emm,
you made 83 trades this week?

How many trades do you made on Daily candles, and H4 candles?
How many trades on H1 chart and 15 min chart?

This is amazing

dan
  • #66,519
  • Edited 6:06pm Mar 4, 2016 5:40pm | Edited 6:06pm
Quoting Trader MT4
{quote} Hello Emm, you made 83 trades this week? How many trades do you made on Daily candles, and H4 candles? How many trades on H1 chart and 15 min chart? This is amazing dan

Hi Dan

All trades are based on Day chart candles price action.
These are very clear on most pairs this week and when we follow the Day candle direction, you will find good trades.\
It boils down to your money management strategy and how your do your entries and exits.

regards

Quoting makron
{quote} Hi, Emma! Are you trade M15 this week?
Not M15 trades... only D chart trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,520
  • Mar 4, 2016 5:47pm Mar 4, 2016 5:47pm
Quoting mousteven
{quote} Good morning Emmanuel: Sorry, I really have to admit that I'm not a clever person. I really think you are the most patient guy in the world, and have been repeated the money management strategies over and over again. but I'm a visual learner, I feel that I'm missing few pieces of puzzle to the whole picture. Just want to make sure I get it right in the beginning so I can have a healthy concept or mindset to trading. I learn 2xADR 100 days as Initial Stop Loss from one of your TMS II ME/ME pdf. http://screencast.com/t/xpuqckQkfmd...
Hi,

in that pdf example, the price action is clear and where swing high was and what the market volatility using ADR 100 days was explained in there.

instead of me showing my trades trades and all the calculation details , etc. why not you start doing your big picture plan and post them and we can discuss which pairs to pick fro next week to trade with ME/ME.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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