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Trading Made Simple

  • #66,701
  • Mar 9, 2016 1:48am Mar 9, 2016 1:48am
Quoting emmanuel7788
{quote} Hi, I wish I have a crystal ball. But my third eye tells helps me to see better. What I see is there is plenty of daylight between short term and long term traders. Traders tends to roam more when there is much more daylight visibility. ...
Hello emmanuel, thank you for the hint!

So the term "daylight" means the space between the green and red line? Just my guesses.. When the space becomes smaller you expect price will reverse?

On another thread you called daylight as the space between M15 200EMA and 800EMA. So when the space too wide, you would expect some retrace. I cannot see this in the USDCAD example.

I understand you have a lot of secret you don't prefer to share with other people, but would you mind explaining a bit more?

Thank you.
  • #66,702
  • Mar 9, 2016 2:02am Mar 9, 2016 2:02am
Quoting pete.alfa
{quote} Hi antonym I think most likely there will be some resistance around 1.3457(50ema on H4) and also monthly S/R Yesterday I mentioned about support at 200ema(daily) http://www.forexfactory.com/showthre...82#post8799782 I missed the trade coz I was doing something else but at least I made some pips with AU Good luck {image}
Hello pete.alfa,

Oh I see! Thank you for the explanation. So it bounced off a daily 200ema to touch a H1 200ema~ Very interesting!

Good luck to you too!
  • #66,703
  • Mar 9, 2016 2:13am Mar 9, 2016 2:13am
Hello everyone,

I have been reading some posts by emmanuel and just want to share about how to open one's "third eye"..

Quiz:http://www.forexfactory.com/showthre...75#post8347475
Answer: http://www.forexfactory.com/showthre...83#post8360983


I am still unsure about the precise definition. Well it's a metaphor I can see, but what does it mean exactly?
  • #66,704
  • Mar 9, 2016 2:37am Mar 9, 2016 2:37am
Thankyou for your reply wheel barrowe , it makes sense what u said .my entry was late and had to pay for it .

Read Big E posts ,but when implementing forgetting to check all .well will form a checklist from now before I take a call.thanks a ton once again
  • #66,705
  • Mar 9, 2016 2:58am Mar 9, 2016 2:58am
What do you think of trading of Gbp/Aud short if it breaks the low of the mothercandle?
Any sucgestions are welcome.
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  • #66,706
  • Mar 9, 2016 3:30am Mar 9, 2016 3:30am
Saw this setting up this morning for a very quick 50 pips...

Kept my eye on it as price had moved a long way down, BE at 20 pips then 50 pips minutes later.

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  • #66,707
  • Mar 9, 2016 3:39am Mar 9, 2016 3:39am
Quoting emmanuel7788
{quote} Hi Mazibee, WELCOME to TMS. Sadly, our OP eelfranz passed away in Oct 2012. We all remeber him as Big E and his spirit lives on in this thread. I strongly recommend that you read all his posts here in FF and you will get to know the man and his trading style. 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...

To all the senior member on this thread, thank you so much for being awesome. I've been following this thread for 2 months now, been trading the TMS for 2 months and has been successful using Big E's method. Havent gotten to the ME/ME yet. So far I've been successful at 4hr TF, but only if I keep my TP small like 15-20 pips. I am an expert on PASR, still learning about it. However recently I found out that with TP of 15-20 pips, my losses could not cope with my profit. I am now eagerly learning about PASR. Read through everything in babypips, but I am still not sure how to apply this to TMS.

Are there any other place where I can learn about it? I am also not sure about some of Big E's method of entry. I know some of the question might sound stupid, but English is not my first language, so please understand.

Do you guys recommend using the APB or the standard candlestick for PASR?
Some of big E's entry criteria;
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo Does this mean that we do not enter if it's close to the previous high or low?

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small... Do we only enter if previous candle are big? Does this not mean a reversal will occur? Are we looking for big reversal candle?

Look at the candles on the last reversal... big, little, what Are we looking for big reversal candle? Again thank you so much and sorry for my stupidity.

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Again thank you so much and sorry for my stupid questions.
  • #66,708
  • Mar 9, 2016 3:43am Mar 9, 2016 3:43am
Quoting emmanuel7788
Examples of Price Action setups for JPY pairs today Tokyo session. If you spot the setup candle and know why it is a valid PA setup with TDI confirmation, then you have your '3rd eye' open. Remember to keep it simple. your rules to define the PA setup candle must be simple. If you have so many rules more than your 10 fingers can count, it is too many. The fewer rules, the better an quicker you can make decision quicker and use the time to pull the trigger. {image} Do you know which H4 candle was the China GDP data release. Should be quite easy to...
Hello emmanuel,

Still trying to open my 3rd eyes here. I see you made a quiz in the quoted post but there was no follow-up answer to it, so I have written some answer. Appreciate your feedback.

The setup candles are circled in white, criteria being APB changed color with a decent candle size.


USDJPY: won't take it because it is against a resistance. I might take the break of the resistance at candle 7.
GBPJPY: would take it. BUOB, some distance to the resistance level
NZDJPY: won't take it because it is against a resistance
EURJPY: would take it. BUOB, I don't see it as being against resistance because that three candle retrace is shallow and of small size
AUDJPY: won't take it because it is against a resistance, I might take the bounce trade later instead
CADJPY: won't take it because the candle size seems a bit small. This pair seems to have the most strongest seller against buyer

Appreciate your feedback on this. Thank you.
Attached Image (click to enlarge)
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  • #66,709
  • Mar 9, 2016 4:06am Mar 9, 2016 4:06am
Quoting antonym
{quote} Hello emmanuel, thank you for the hint! So the term "daylight" means the space between the green and red line? Just my guesses.. When the space becomes smaller you expect price will reverse? On another thread you called daylight as the space between M15 200EMA and 800EMA. So when the space too wide, you would expect some retrace. I cannot see this in the USDCAD example. I understand you have a lot of secret you don't prefer to share with other people, but would you mind explaining a bit more? Thank you.

Hi,

I don't have any secrets. Big E had 6,000 trading hours experience up to the time he developed the 21/233 Method and the 5-Method. I have now more than 10,000 hours. If this can be the secret, then its that 10,000 hours of Deep Practice.

about "daylight", you search this keyword under my username and you found it.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 10 9Mar H1 setups.png Size: 75 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,710
  • Mar 9, 2016 4:14am Mar 9, 2016 4:14am
Quoting emmanuel7788
{quote} I started shorting these pairs since Monday open ....
Hi, Emm!

I am short on those pairs also, GA since Monday, EA since Tuesday (I did not like the look of the second H4 red APB on Monday, so I waited for a better looking candle). It's good to know I am trailing your pips.
  • #66,711
  • Mar 9, 2016 4:28am Mar 9, 2016 4:28am
Hello, I've just started to use this system, fast question - are there any EAs based on the TDI ?

If no, how do you combine planning and trading? Let's say the cross has happened while you sleep, would you wait and take risk on pullback?
  • #66,712
  • Mar 9, 2016 4:31am Mar 9, 2016 4:31am
Quoting catalin_eros
{quote} Hi, Emm! I am short on those pairs also, GA since Monday, EA since Tuesday (I did not like the look of the second H4 red APB on Monday, so I waited for a better looking candle). It's good to know I am trailing your pips.

Hi,

Anyone can trail mys pips and that is an easy thing to do after you have done your BPP and we compare our BPP.

But what you need to learn how to use creative money management with the market's money and implement a high reward to risk system using TMS 5-Method.

Develop your money management strategy with ideas from this pdf [click}. A small group of us have done it in 2012. It is your turn to start doing it now.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,713
  • Mar 9, 2016 4:36am Mar 9, 2016 4:36am
EURAUD H1 +198 (+50 +80 +68)
Bounce/continuation trade. Waited for price to break previous low confirmed entry on lower TF. TP3 was set for 100 pips but RN(1.4650) was the stopper. Got an exit signal so closed manually. Left a position open as it might continue and be walked up to H4.
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AUDUSD H1 +30
Bounce trade and break of DOL which was the trigger for the EURAUD trade above. Again got an exit signal so closed manually. A small position still open to see if it can be moved up to H4 if it breaks BRN.
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NZDUSD H1 +30
TMS entry with price reacting from YL and 200ema (also NU is playing follow the leader with AU).
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Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,714
  • Mar 9, 2016 4:39am Mar 9, 2016 4:39am
Quoting Iceberg001
Hello, I've just started to use this system, fast question - are there any EAs based on the TDI ? If no, how do you combine planning and trading? Let's say the cross has happened while you sleep, would you wait and take risk on pullback?

if you are looking for an easy way to get rich, there is none available.

first this is not a system but a simple trading method.

you need to develop using this 5-Method in to trading system by incorporating a proven money management strategy.

you cannot program a discretionary trading method into a trading robot.

but you can develop tools to help you trade this method. we have done it and that took some of us 4 years and many things are still work in progress.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,715
  • Mar 9, 2016 4:39am Mar 9, 2016 4:39am
Quoting antonym
{quote} Hello emmanuel, Still trying to open my 3rd eyes here. I see you made a quiz in the quoted post but there was no follow-up answer to it, so I have written some answer. Appreciate your feedback. The setup candles are circled in white, criteria being APB changed color with a decent candle size. USDJPY: won't take it because it is against a resistance. I might take the break of the resistance at candle 7. GBPJPY: would take it. BUOB, some distance to the resistance level NZDJPY: won't take it because it is against a resistance EURJPY: would...

speaking of setups,

I just took a sell setup on EURCAD H4,

The USDCAD H4 setup looks like it possibly might trigger on the next H4 bar if you're interested.
  • #66,716
  • Mar 9, 2016 4:45am Mar 9, 2016 4:45am
Quoting kain775
{quote} speaking of setups, I just took a sell setup on EURCAD H4, The USDCAD H4 setup looks like it possibly might trigger on the next H4 bar if you're interested.

both the EURCAD and USDCAD H4 setups are happening now. If you are not in this H4 candle, you will be sorry.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD 9Mar H4 WRBMC breakout.png Size: 36 KB


Attached Image (click to enlarge)
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take what the market give you and walk away....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,717
  • Mar 9, 2016 4:45am Mar 9, 2016 4:45am
Quoting Lookleft
EURAUD H1 +198 (+50 +80 +68) Bounce/continuation trade. Waited for price to break previous low confirmed entry on lower TF. TP3 was set for 100 pips but RN(1.4650) was the stopper. Got an exit signal so closed manually. Left a position open as it might continue and be walked up to H4. {image} AUDUSD H1 +30 Bounce trade and break of DOL which was the trigger for the EURAUD trade above. Again got an exit signal so closed manually. A small position still open to see if it can be moved up to H4 if it breaks BRN. {image} NZDUSD H1 +30 TMS entry with...


Hi again,

with your NZDUSD H1 entry i notice that you did not enter at the fresh new candle when the TDI crossed above your yellow line [assuming it's the 5 ma shift 3], but youentered when price was above this.

can you describe your logic and resoning for this please, thanks.
  • #66,718
  • Mar 9, 2016 4:50am Mar 9, 2016 4:50am
Quoting emmanuel7788
{quote} both the EURCAD and USDCAD H4 setups are happening now. If you are not in this H4 candle, you will be sorry.

Are you seeing something i'm not seeing with USDCAD,

to me it looks like USDCAD is still waiting to cross
[purple ema = 10 ema]
Attached Image (click to enlarge)
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  • #66,719
  • Mar 9, 2016 4:50am Mar 9, 2016 4:50am
Quoting kain775
{quote} speaking of setups, I just took a sell setup on EURCAD H4, The USDCAD H4 setup looks like it possibly might trigger on the next H4 bar if you're interested.
Me too. My TP is 95 pips (60% of 52 W1 ATR, measured from the highest high of this week).
  • #66,720
  • Mar 9, 2016 4:51am Mar 9, 2016 4:51am
Quoting kain775
{quote} Hi again, with your NZDUSD H1 entry i notice that you did not enter at the fresh new candle when the TDI crossed above your yellow line [assuming it's the 5 ma shift 3], but youentered when price was above this. can you describe your logic and resoning for this please, thanks.
You are right. I was busy setting the other 2 trades and waited to see that price had broken the DOL which can act as S/R. If you look at my trades you will quite often see that I hold off my entry until price breaks a BRN, DOL or YH/YL or momentum is confirmed. Might be conservative but it can save a lot of grief
Never argue with a fool; onlookers may not be able to tell the difference.
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