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Trading Made Simple

  • #66,841
  • Mar 10, 2016 10:37am Mar 10, 2016 10:37am
Hello all,

This may sound weird, but one of the weekend activities that i look forward to the most , together with relaxing and having some fun, is making BPP for next week))
focus, manage risk, rinse, repeat
  • #66,842
  • Mar 10, 2016 10:39am Mar 10, 2016 10:39am
All my trades are closed for this week. Last night I got squashed by markets on NZD news. I wish I were a fundamentalist trader and anticipate these moves, but I am not. So my SL on EN was 176 pips, but the market probably moved very fast up (I was not at my PC), and the loss was of 202 pips. Looking at my trade now, I can see see that I should have spotted the morning star on D1, and after I entered on H4 the next day, the next H4 bar after my entry formed a BUOB. That should have been a 'cut loss fast' sign for me, or at least a 'tighten your SL' sign.
Attached Image (click to enlarge)
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The news made me a loss on NU of 51 pips. My trade got as far as the D1 inner TL, unfortunately.
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Luckily, my last two trades of the week managed to wash away most of the loss.
UJ, long, H4, 57 pips gained. The entry candle was the first blue APB, a nice BUOB at S, TDI cross, but somehow I entered one bar later, (probably I was not at PC, I can't remember) and I left some pips on the table. Entering on the first candle would have given a profit of 89 pips, instead of just 57.
Attached Image (click to enlarge)
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GJ, long, H4, 116 pips gained. I took it after the cross, although the PA entry itself could have given an extra 90 pips after the morning star.
Attached Image (click to enlarge)
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From next week I will be again in the VERY BUSY MODE, so I do not know how much time I will be having for posting.

I hope everyone made nice pips. I wish many green pips to everyone next week!
  • #66,843
  • Mar 10, 2016 10:57am Mar 10, 2016 10:57am
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.
thank you Lookleft
i have been reading through the thread got to pg 193.... looking at the most recent pgs i have been wondering if the thread has wandered away from Big E's thought ... not being disrespectful to all the traders here - i am a newbie. its just that the most recent post are confusing when you are trying to learn and get support from other traders.
i have noticed on my travels through this thread that ppl have said that once they stopped trying to overthink TMS and add their own ideas they made more pips.
green pips to you all
Fib(onacci) my way to glory
  • #66,844
  • Mar 10, 2016 10:59am Mar 10, 2016 10:59am
Dear Emmanuel and TMS traders,
i was a silent viewer for the past 2 weeks trying to learn the system, but i think that it is now time for me to jump and say THANK YOU for the time you are putting here to teach this simple system to others. i think BigE wanted everyone to pay it forward, and i shall be doing the same when i hopefully master the system.

i have been trading forex for 8 years now and i can say that i have tried "almost" every single system in the planet with no success but i never gave up, until i gave TMS a try. i believe that my biggest failure which was preventing me from being profitable all these years was trading small time frames and lack of patience. i wanted to get rich fast and never was able to trade H4 because my lot size could never stand trading that time frame. last week i decided to be disciplined and follow the rules with proper MM and my results are below. i know that the amount i made in the last 4 days is considered "peanuts" , but i look at it as the beginning of my new journey to learn before i build up my account and start trading lot sizes which will allow me to reach my goals. at least i could make CONSISTENT profit!


i am currently just trading basic H4 signals, but i would appreciate it if someone can tell me where to start learning the ME/ME method. is there a specific post that explains how to start the ME/ME journey?

again, thanks a lot and i shall be participating more now sharing my trades and "paying it forward"
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  • #66,845
  • Mar 10, 2016 11:04am Mar 10, 2016 11:04am
Quoting ensale
{quote}
Thanks! I hope your trading is going well.
  • #66,846
  • Mar 10, 2016 11:26am Mar 10, 2016 11:26am
Hi Emm,

i try to trade this six pair, but cant get much sucessful
the way im doing is using multi timeframe analysis
Weekly >> Daily >> H4
example below, i see on weekly chart short term trend is bearish, and also bearish on daily chart
and i see price below 10EMA on weekly+daily chart (so its bearish)
and then i wait sell signal on H4 chart,
for TP target i just using nearest swing area (blue line on char example)
for SL i just use last swing point
please see my chart, i am doing good or bad?

and one more problem,
i want to trade like you using ME/ME, but its very hard to me to understand
may be my brain below standard people

Attached Image (click to enlarge)
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Joining The 10%
  • #66,847
  • Mar 10, 2016 11:31am Mar 10, 2016 11:31am
Quoting Scrambleguy
{quote} ​So you never trade a 1h tdi cross if its in opposite direction to the h4? or just in wrb scenarios, as there are many times when they will be opposite but you may still have a good h1 trade
You'll get much better results if you trade in the same direction as the next higher TF. If you are entering an H1 trade the H4 does not have to have crossed in your direction, it could be hooking over or PA might indicate it is going to go in the same direction as your trade. The same can be said for trends. It's easier to swim with the current than against it.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,848
  • Mar 10, 2016 11:41am Mar 10, 2016 11:41am
Quoting nijemho
Dear Emmanuel and TMS traders, i was a silent viewer for the past 2 weeks trying to learn the system, but i think that it is now time for me to jump and say THANK YOU for the time you are putting here to teach this simple system to others. i think BigE wanted everyone to pay it forward, and i shall be doing the same when i hopefully master the system. i have been trading forex for 8 years now and i can say that i have tried "almost" every single system in the planet with no success but i never gave up, until i gave TMS a try. i believe that my biggest...
Excellent Mijenho,

which pairs H4 you observe and trade?

dan
  • #66,849
  • Mar 10, 2016 11:45am Mar 10, 2016 11:45am
Quoting Mbt
{quote} Can you tell me which indicator makes these pink lines?
I am sorry, I misunderstood your question the first time.

Those are guppies, which are nothing else than a series of EMAs: 30, 35, 40, 45, 50, 55, 60. Some people look at 200 EMA, 50 EMA, 10 EMA, but I was introduced to the guppies by SnarlyJack, who was having great success trading with them. Now I learnt to trade without them, although you still see them on my chart. I will remove them, but I feel too lazy at the moment to do that.
  • #66,850
  • Mar 10, 2016 11:53am Mar 10, 2016 11:53am
Quoting Trader MT4
{quote} Excellent Mijenho, which pairs H4 you observe and trade? dan
Hello Dan,

there are no specific pairs. i have all charts open with TMS tempelate open and just trade what i see matching with the rules. my trades this week were on ( EURUSD, GBPUSD , EURJPY , GBPJPY , NZDUSD, EURCAD, EURNZD)
  • #66,851
  • Mar 10, 2016 12:01pm Mar 10, 2016 12:01pm
Quoting Donquixote
3 master candel is that sign of breakout? {image}
I see it as a bullish pennant pattern. I would only look for buy setups, but keep in mind that we are sitting at the high of the W1 WRB, which may resist. A break of that high would be a clearer sign for me to go long on that pair.
  • #66,852
  • Mar 10, 2016 12:20pm Mar 10, 2016 12:20pm
Quoting nijemho
Dear Emmanuel and TMS traders, i was a silent viewer for the past 2 weeks trying to learn the system, but i think that it is now time for me to jump and say THANK YOU for the time you are putting here to teach this simple system to others. i think BigE wanted everyone to pay it forward, and i shall be doing the same when i hopefully master the system. i have been trading forex for 8 years now and i can say that i have tried "almost" every single system in the planet with no success but i never gave up, until i gave TMS a try. i believe that my biggest...
Nice nijemho, can you share what you use as your SL or do you always observe the movement of the green line to exit?
  • #66,853
  • Mar 10, 2016 12:34pm Mar 10, 2016 12:34pm
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}
From what I remember reading in the past, a Master Candle must engulf the next 4 candles. That's not the case with your chart, because you did not have to wait for the following candles in order to have that 'Master Candle'. The entry was clear on the first APB, which is your marked candle, the TDI cross supported that. If this scenario was also supported by the HTFs, the trigger should have been pushed. But the HTFs were against a buy setup.

In case you mistook a the term of 'Master Candle' for the term of 'WRB', that was not a WRB either, and by zooming out your chart, it will become clearer. It only looks big because you are fully zoomed in.

Many green pips to you!
  • #66,854
  • Mar 10, 2016 12:36pm Mar 10, 2016 12:36pm
Quoting nijemho
{quote} Hello Dan, there are no specific pairs. i have all charts open with TMS tempelate open and just trade what i see matching with the rules. my trades this week were on ( EURUSD, GBPUSD , EURJPY , GBPJPY , NZDUSD, EURCAD, EURNZD)

Thanks Nijenho,

how much pairs you have in window? 8 or more?
  • #66,855
  • Mar 10, 2016 12:43pm Mar 10, 2016 12:43pm
Quoting Trader MT4
{quote} Thanks Nijenho, how much pairs you have in window? 8 or more?
20
  • #66,856
  • Mar 10, 2016 1:15pm Mar 10, 2016 1:15pm
Quoting Lookleft
{quote} You'll get much better results if you trade in the same direction as the next higher TF. If you are entering an H1 trade the H4 does not have to have crossed in your direction, it could be hooking over or PA might indicate it is going to go in the same direction as your trade. The same can be said for trends. It's easier to swim with the current than against it.
Gotcha, Thanks Nigel, can you tell I keep picking your brains I want to keep it nice and simple and master tms in its pure form, I wonder how many people here trying ME/ME have absolutely nailed tms in its basic form and become consistently profitable? just a thought..
  • #66,857
  • Mar 10, 2016 1:16pm Mar 10, 2016 1:16pm
if anyone needs a news feed for MT4 the below thread has a few good ones
http://www.forexfactory.com/showthread.php?t=326551
happy pipin'
Fib(onacci) my way to glory
  • #66,858
  • Mar 10, 2016 1:36pm Mar 10, 2016 1:36pm
First of all I am extremely sorry to hear about the great loss to the traders , memebers of this forum.

I am exteremely thankful to emmanuel7788 for taking time giving me the starting point.

Dear emmanuel I am still unclear on few things and hope that either you or some senior can guide me in the right direction.


1) My local time on the the computer is 19:00 and my broker time is 21:00

My broker is Alpari, and london session starts at 08:00 but the candle on my MT4 forms at 10:00 is is normal how can I synchronoze both the times? ANy disadvantages of this?

2)
I took few trades that were good and few trades that went in the loss and the i had to wait untill it turned into profit and closed on few pips profit.

I am posting my trade which to me looked right but is still in loss


Please if seniors can comment whether it was a wrong trade as when I took the trade TDI cross was happening.
Also Candle 1 is the candle where the cross is happening or it is the the candle next to the candle where the TDI cross happened.


3) In majority of the posts in the start if the thread term PA is being used ( if I am right it means Price Action), but I am confused where it says PA candles , Here we are talking about Heiken Ashi candles.

4) I just scrolled the end of the thread and was confused to see the term ME/ME please if some one can explain it to me.

Thanks once again
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  • #66,859
  • Mar 10, 2016 2:13pm Mar 10, 2016 2:13pm
Good morning TMS Folks,

It's 7am here. Looks like you all have been busy and I have 3 pages of posts to read.
But I have a full day workshop today and this entire weekend, so I will not be able to reply those with questions so quickly.
Anyway, the market has been good to some of you and you made money.... So don't give back too much today.

Euro start show more heart beat and we have to see if MN close above 1.1239 then 1.1630 region long term position trades.
After what happened during NY session it is not wise to trade without stop loss.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,860
  • Mar 10, 2016 2:19pm Mar 10, 2016 2:19pm
Quoting mazibee
First of all I am extremely sorry to hear about the great loss to the traders , memebers of this forum. I am exteremely thankful to emmanuel7788 for taking time giving me the starting point. Dear emmanuel I am still unclear on few things and hope that either you or some senior can guide me in the right direction. 1) My local time on the the computer is 19:00 and my broker time is 21:00 My broker is Alpari, and london session starts at 08:00 but the candle on my MT4 forms at 10:00 is is normal...

Hi Mazibee,

Never mind about learning ME/ME (Multiple Entries / Multiple Exits) now.
You must now concentrate and read all of Big E posts and learn from his training charts. It will take time to practice in realtime live market with a suitable demo account size. Start with trading the H4 chart timeframe. Master the 5-Method first before you think of learning ME/ME.
Be patient when we learn trading.

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