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Trading Made Simple

  • #66,801
  • Edited 5:11am Mar 10, 2016 4:54am | Edited 5:11am
Quoting emmanuel7788
I closed all my trades early this morning. From tomorrow until 21 March I will be very busy with my fellow group of traders from out of town. Lots of small workshops to do with the group. Trading will be light for the next 10 days but I will read this thread whenever I can. TMS ME/ME trades closed for week 9 and 10. Week 09 to 10 ( Mar 2 to 10) Winning trades : 150 Losing trades : 35 Total Win pips : 4,347 pips Average Win Pips : 28.6 pips Average Win Amount: $559.17 Average Lot Size : 2.07 std. Average duration of trade : 7Hours 55Mins {image}...
Hi, Emm!
What was your floating drawdown?
Please, can you show your graphs with deals history for this week

P.S. How do you do this??
  • #66,802
  • Mar 10, 2016 5:03am Mar 10, 2016 5:03am
Quoting zake
{quote} Mine so far, I had 73% win rate using Big E's TMS only. Must be lucky. However I need to study up about money management and ME/ME because the few losses I had was huge. I was using previous high/low as SL {image}
Zake, is that a graph of your trading where the account balance is on the right vertically and at the bottom the calender days...pls explain as I have no idea
the cautious seldom err....C
  • #66,803
  • Mar 10, 2016 5:07am Mar 10, 2016 5:07am
Quoting emmanuel7788
Two M15 Losses... {image} only two reasons for these two losses. if you know what these two reasons are, you are good.
Maybe it:

1. H4 TDI up
2. H1 TDI up
3. Trade in recent support
4. H1 BUEB
  • #66,804
  • Mar 10, 2016 5:14am Mar 10, 2016 5:14am
Quoting zake
{quote} Mine so far, I had 73% win rate using Big E's TMS only. Must be lucky. However I need to study up about money management and ME/ME because the few losses I had was huge. I was using previous high/low as SL {image}
I guess that might being telling you something
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,805
  • Mar 10, 2016 5:18am Mar 10, 2016 5:18am
3 master candel is that sign of breakout?
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Take What You Can , Give Nothing Back
  • #66,806
  • Mar 10, 2016 5:26am Mar 10, 2016 5:26am
Quoting Donquixote
3 master candel is that sign of breakout? {image}
It doesn't look like a sell imo
the cautious seldom err....C
  • #66,807
  • Mar 10, 2016 5:28am Mar 10, 2016 5:28am
Quoting Donquixote
3 master candel is that sign of breakout? {image}
What is the TDI showing you ?. I don't price closing below the MC yet.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,808
  • Mar 10, 2016 5:50am Mar 10, 2016 5:50am
Looks like going flat or forming a 4H wedge.
  • #66,809
  • Mar 10, 2016 5:53am Mar 10, 2016 5:53am
Quoting Lookleft
{quote} What is the TDI showing you ?. I don't price closing below the MC yet.

these master candle's are everywhere. atleast half the setups i have to abort because there is a damn master candle over - shaddowing it

true a lot of the time a master candle is there a setup fails, but i get the impression that before emmanuel there were some people trading who were profitable, and i am wondering if they were taking master candle's into account because i never heard them get mentioned before.

I am looking over a few of phx's trades and it seems he often goes into the trade early, and often wins even if there is a master candle there.
how is this possible?

witchcraft?
  • #66,810
  • Mar 10, 2016 6:00am Mar 10, 2016 6:00am
Quoting kain775
{quote} these master candle's are everywhere. atleast half the setups i have to abort because there is a damn master candle over - shaddowing it true a lot of the time a master candle is there a setup fails, but i get the impression that before emmanuel there were some people trading who were profitable, and i am wondering if they were taking master candle's into account because i never heard them get mentioned before. I am looking over a few of phx's trades and it seems he often goes into the trade early, and often wins even if there is a master...
If you read back about a year or so master candles where the latest fad, then WRB became the in thing and at the moment it's ME/ME. Stick to the basics of the TMS method and you won't go wrong or get confused.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,811
  • Mar 10, 2016 6:14am Mar 10, 2016 6:14am
Quoting Lookleft
{quote} If you read back about a year or so master candles where the latest fad, then WRB became the in thing and at the moment it's ME/ME. Stick to the basics of the TMS method and you won't go wrong or get confused.

I was watching this trade and was thinking of entering but the master candle was stopping me.

now it has gone off without me.

im not sure what to do about the master candle's, i guess i will try and study them a lot more to try and find out if some trades are safe to trade. As for the basics of the TMS method, in all honesty i think i am doing better under emmanuels teachings rather than the OP [no disrespect to him] , so this why I am cautious in abandoning the master candels
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  • #66,812
  • Mar 10, 2016 6:20am Mar 10, 2016 6:20am
Closed most of my ME/ME baskets before Draghi... Better safe than sorry.

Not a great week. Took a bit of a beating on EURNZD yesterday. One big mistake was that I had pending orders placed which means 2 of those triggered within 2 seconds during the spike. (Eventually I want a manager that uses 4H delay...)

I have the following open:

AUDJPY Long
EURJPY Long
GBPCAD Short

That USDCAD trade yesterday made my week but I should not count it in my ME/ME system performance.

Best,
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  • #66,813
  • Mar 10, 2016 6:27am Mar 10, 2016 6:27am
oh, and lookleft. i decided to practice the "jumping in early" with very small lots. tell me what you think of this trade.

GBPAUD. entry 12:00 pm gmt, entered at the green tdi and the red looking like they might cross [overlapping] but they had not officially crossed yet.

purple ema = 10 ema
dotted brown ema = 50 ema

daily is in a downtrend. we can see price bouncing off resistance on the h1, we can see the 50 ema possibly acting as support as well. I decided to jump early
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  • #66,814
  • Mar 10, 2016 6:34am Mar 10, 2016 6:34am
Quoting emmanuel7788
Two M15 Losses... {image} only two reasons for these two losses. if you know what these two reasons are, you are good.
Hi Emm,

All treders of the World (like me and you) seen clear Picture to short. A lot of money accumulated in that price level. All scalp traders of the world put SL above swing above DOL. Of course, biggest players seen this too. They put a thousents of lots in opposite (long) direction. They killed small traders.

That's true.

Medicine for that examples:
Trade H4 or Daily.

Dan
  • #66,815
  • Mar 10, 2016 7:13am Mar 10, 2016 7:13am
Game is NOT OVER!
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  • #66,816
  • Mar 10, 2016 7:17am Mar 10, 2016 7:17am
Quoting Lookleft
{quote} If you read back about a year or so master candles where the latest fad, then WRB became the in thing and at the moment it's ME/ME. Stick to the basics of the TMS method and you won't go wrong or get confused.
Saying nothing!
  • #66,817
  • Mar 10, 2016 7:20am Mar 10, 2016 7:20am
Quoting kain775
oh, and lookleft. i decided to practice the "jumping in early" with very small lots. tell me what you think of this trade. GBPAUD. entry 12:00 pm gmt, entered at the green tdi and the red looking like they might cross [overlapping] but they had not officially crossed yet. purple ema = 10 ema dotted brown ema = 50 ema daily is in a downtrend. we can see price bouncing off resistance on the h1, we can see the 50 ema possibly acting as support as well. I decided to jump early {image}

Wait to break consolidation
  • #66,818
  • Mar 10, 2016 7:28am Mar 10, 2016 7:28am
Quoting kain775
{quote} I was watching this trade and was thinking of entering but the master candle was stopping me. now it has gone off without me. im not sure what to do about the master candle's, i guess i will try and study them a lot more to try and find out if some trades are safe to trade. As for the basics of the TMS method, in all honesty i think i am doing better under emmanuels teachings rather than the OP [no disrespect to him] , so this why I am cautious in abandoning the master candels {image}
Think what a master candle or WRB is. If you have a WRB on the daily what is the top and bottom of the bar on the H1 and H4? If you have a master candle on H4 what is top and bottom of the candle on H1 and lower TF ?
S/R areas.
Think of them as small ranges. You can quite happily trade H1 within a D1 WRB and the same goes for MC on lower TF.
Trading is all about seeing PA at S/R levels and using the TMS method to confirm or invalidate a trade setup.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,819
  • Mar 10, 2016 7:31am Mar 10, 2016 7:31am
EA hourly chart 5min after news for +50 pips in the fast lane, green crossed back mbl on h1 with trend-line resistance
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I Have Learned to Take Some Losses to Make Profits
  • #66,820
  • Mar 10, 2016 7:37am Mar 10, 2016 7:37am
Quoting kain775
oh, and lookleft. i decided to practice the "jumping in early" with very small lots. tell me what you think of this trade. GBPAUD. entry 12:00 pm gmt, entered at the green tdi and the red looking like they might cross [overlapping] but they had not officially crossed yet. purple ema = 10 ema dotted brown ema = 50 ema daily is in a downtrend. we can see price bouncing off resistance on the h1, we can see the 50 ema possibly acting as support as well. I decided to jump early {image}
Looks like you caught the news train.
Never argue with a fool; onlookers may not be able to tell the difference.
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