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Trading Made Simple

  • #66,861
  • Mar 10, 2016 12:30pm Mar 10, 2016 12:30pm
Quoting v2vboni
{quote} Is it the other way of saying once you already earned enough money from trading then you are now psych to think that you are already trading other peoples money? hmmm... where can I get that PDF docs by Dr. Van Tharp?. Anyway, I will try to ask one of my best friend named Google Thanks Emmanuel for your continuous sharing of your wisdom in trading. Kindest regardds

Hi,

here is the post with that pdf.

http://www.forexfactory.com/showthre...40#post8794840

Gamblers go to casino and win, then they gamble more with "house money". But the house always win. Never learn from a trader who has a gambling background.

Traders trade the market with his/her hard earned money and win. Their winnings become their money now but that money came from other people who lost. That is "other people's money" and not "house money". Traders are not gamblers.

have a good trading day ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,862
  • Mar 10, 2016 12:36pm Mar 10, 2016 12:36pm
Quoting AcanaTrader
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...

Hi Acana,

I got your PM... you have a big event in July so you better spend your time and prepare for that.

To learn trade ME/ME, it will take more time and you wont learn it in 3 months. I will show you in the coming months.

Meantime, keep doing the Big Picture Plan for those currency pairs and post them when you can. I will reply you when I see your posts.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,863
  • Mar 10, 2016 12:44pm Mar 10, 2016 12:44pm
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...

Hi Folks,

This is one post which makes me happy to see and read.
A first time member in FF, first post and he shares his account equity graph.
Good example that many of you should follow and also post your weekly or monthly account equity graph.
It does not matter if you have more wins or more losses shown because that equity graph tells a lot more than what you see.
I will explain this next week when I find some time.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,864
  • Mar 10, 2016 12:54pm Mar 10, 2016 12:54pm
Quoting makron
{quote} 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??

Hi,

I traded 5 pairs this week. I posted these and some charts of live trade open.

With 5 pairs running concurrently, the average floating drawdown for was about 3~6%.

How I do this?
both hard and smart working ...
2 years hard work with 8 other active TMS traders to develop TMS-II,
then another 30 months (year-to-date) joint effort with 20 other traders to make ME/ME with Creative Money Management for TMS-II.
Now we have reached a major milestone for TMS.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,865
  • Mar 10, 2016 1:00pm Mar 10, 2016 1:00pm
Quoting catalin_eros
{quote} I was asking myself that question before, and I was trying to find the right answer. My answer is as long as I have about 1:1 R:R, I am good to go, because odds are in my favour when I am trading according to HTF trend. Let us know if my answer resembles the correct answer.

Hi,

We all look at Risk:Reward or Reward to Risk on a trade by trade basis. This is very common.
Start to look at RR from another perspective.

read the Tao of Reward and Risk

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,866
  • Mar 10, 2016 1:03pm Mar 10, 2016 1:03pm
Quoting emmanuel7788
{quote} Hi, I traded 5 pairs this week. I posted these and some charts of live trade open. With 5 pairs running concurrently, the average floating drawdown for was about 3~6%. How I do this? both hard and smart working ... 2 years hard work with 8 other active TMS traders to develop TMS-II, then another 30 months (year-to-date) joint effort with 20 other traders to make ME/ME with Creative Money Management for TMS-II. Now we have reached a major milestone for TMS. regards,
When is TMS-II going to get a full public roll out lol
  • #66,867
  • Mar 10, 2016 1:17pm Mar 10, 2016 1:17pm
Quoting Trader MT4
Game is NOT OVER! {image}

Hi,

Not game is never over until you break resistance and turn that resistance into your support...

see remarks below:

Attached Image (click to enlarge)
Click to Enlarge Name: TraderMT4 equity Mar.png Size: 166 KB


now you must stay focus...

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,868
  • Mar 10, 2016 1:18pm Mar 10, 2016 1:18pm
Hi All

I must thanks for all the members and emmanuel7788 for the valuable information. After six months forex trading journey, I can see some improvement. Since I am slow learner, it take time but I guess I learn everyday.

Following is my equity curve for 4H and ME/ME for this week.

There were two mistakes I made this week.

1) Never chase big candle ( 4H )

2) Close open positions before High impacting news ( Surprise RBNZ rate decision) ME/ME. I expected no change but....
Attached Image(s) (click to enlarge)
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  • #66,869
  • Mar 10, 2016 1:49pm Mar 10, 2016 1:49pm
Quoting AcanaTrader
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...
Hi Acana,
I think you shorted it when price was below RSI 32 (OS area). As one of TMS rule is don't short when price is below RSI 32 or long when price is above 68.
  • #66,870
  • Edited 2:19pm Mar 10, 2016 1:54pm | Edited 2:19pm
Hi

I am using a color changing EMA on my chart and i am watching it on the higher timeframes, when i trade the 1H charts, to see the prevailing trend. That is a problem when i am backtesting the 1H Charts, because i can not change to higher TFs during that process.

So what i need, is an indicator, that i can put on the current chart, and is showing me the direction of the EMA (its either up or down = two different colors) on the higher TFs. There is such an indicator for the APBs on multiple Timeframes, that is exactly what i need, just for EMAs.

Is there such a thing? So far, I was not able to find it.
Attached Image(s) (click to enlarge)
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  • #66,871
  • Mar 10, 2016 2:50pm Mar 10, 2016 2:50pm
Quoting Scrambleguy
{quote} 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..
Forget ME/ME, SE/ME or scaling in, if the next 6 out of your 10 TMS method trades don't earn you at least 20 pips per trade (h4 should be 40) the best MM strategy won't work. You need to learn how to make a correct entry and when to exit.
My opinion is that a lot have people have seen the last couple of months posts in this thread and see a 'Get Rich Quick' method based on mostly demo trades and don't understand the difference between play money and real money and have no idea how the market works or what a margin call is.
Big E spent many hours perfecting this method and a few good traders (who unfortunately don't post here any more) helped refine it to something that works, so stick to the basic and learn what Big E taught you and you will succeed in time. Forex trading takes time but can become very profitable if you have a method and a plan and follow both.

PS Pick the brains while you can, at my age they fade quickly
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,872
  • Mar 10, 2016 2:55pm Mar 10, 2016 2:55pm
Quoting Lookleft
{quote} Forget ME/ME, SE/ME or scaling in, if the next 6 out of your 10 TMS method trades don't earn you at least 20 pips per trade (h4 should be 40) the best MM strategy won't work. You need to learn how to make a correct entry and when to exit. My opinion is that a lot have people have seen the last couple of months posts in this thread and see a 'Get Rich Quick' method based on mostly demo trades and don't understand the difference between play money and real money and have no idea how the market works or what a margin call is. Big E spent many...
Well done LL on some excellent posts today, exactly whats needed on this thread
  • #66,873
  • Mar 10, 2016 3:03pm Mar 10, 2016 3:03pm
Quoting Lookleft
{quote} Forget ME/ME, SE/ME or scaling in, if the next 6 out of your 10 TMS method trades don't earn you at least 20 pips per trade (h4 should be 40) the best MM strategy won't work. You need to learn how to make a correct entry and when to exit. My opinion is that a lot have people have seen the last couple of months posts in this thread and see a 'Get Rich Quick' method based on mostly demo trades and don't understand the difference between play money and real money and have no idea how the market works or what a margin call is. Big E spent many...
Its early hour in the morning here, just took a peak look at the massacre that Euro did today , and waken to such an honest post here, no MM will get u go anywhere if one dont know how to trade TMS in the first place
I Have Learned to Take Some Losses to Make Profits
  • #66,874
  • Mar 10, 2016 3:05pm Mar 10, 2016 3:05pm
Quoting Bernardi
Hi I am using a color changing EMA on my chart and i am watching it on the higher timeframes, when i trade the 1H charts, to see the prevailing trend. That is a problem when i am backtesting the 1H Charts, because i can not change to higher TFs during that process. So what i need, is an indicator, that i can put on the current chart, and is showing me the direction of the EMA (its either up or down = two different colors) on the higher TFs. There is such an indicator for the APBs on multiple Timeframes, that is exactly what i need, just for EMAs....
I dont think it will help that much, to me its obvious on ur chart that first one is bearish EMA, and 2nd is bullish , use the angle of the EMA and trade from there, learn all u could about TDI, thats where the power comes from
I Have Learned to Take Some Losses to Make Profits
  • #66,875
  • Mar 10, 2016 3:09pm Mar 10, 2016 3:09pm
Quoting lastingwell
{quote}Well done LL on some excellent posts today, exactly whats needed on this thread
Thank you lastingwell, from you I feel humbled

Edit: It would be great if you came back and joined us every now and then
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,876
  • Mar 10, 2016 3:16pm Mar 10, 2016 3:16pm
Quoting TheScorpS
{quote} I dont think it will help that much, to me its obvious on ur chart that first one is bearish EMA, and 2nd is bullish , use the angle of the EMA and trade from there, learn all u could about TDI, thats where the power comes from
Yes, the direction of the EMA is obvious, thats what i like about it for trend determination, but my problem is, that i cant see it during backtesting, i only see the ema on my 1h chart, not the ema on the 4h chart and daily chart. Sadly it is not possible to switch the timeframes during backtesting for checking the trend on higher TFs
  • #66,877
  • Mar 10, 2016 3:16pm Mar 10, 2016 3:16pm
Quoting TheScorpS
{quote} Its early hour in the morning here, just took a peak look at the massacre that Euro did today , and waken to such an honest post here, no MM will get u go anywhere if one dont know how to trade TMS in the first place
Thanks for your support TSS. Let's keep the thread how eelfranz would have wished it to go.

PS: Keep posting those weekly preview charts, they are a goldmine.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,878
  • Edited 5:18pm Mar 10, 2016 5:06pm | Edited 5:18pm
Quoting kain775
{quote} .... 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?
how is this possible? witchcraft?

no, not witchcraft,
it is trading with 20:20 vision.
never possible without some trickery involved.

you want to know the truth?
do you really want to know the truth?
can you handle the truth?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,879
  • Mar 10, 2016 5:56pm Mar 10, 2016 5:56pm
Hi TMS traders,

Thank you all for contributing this very beautiful community, I did really learn a lot from you guys.

I used to be a newbie (I think I am still are compared with those gurus) and did not know any basics, fundamentals and technical analysis in forex market. After I joined TMS, I can say the information here is overloaded, everyday it took me almost all spare time to read, which has become to my daily routine. TMS leads the correct way of learning forex and provides the clue of how to study.

During nearly 4 months learning, I have learnt so many things, basics (Important bar patterns, use of MA, use of S&R, Fibo, Multi timeframe analysis) , trading methods (TMS H4 Swing Trade, TMS ME/ME trade), money management and mental fitness improvement, etc.

Currently, sometimes I am still controlled by my fear, greed, mood and emotion, these are my fatal weaknesses. I remember Emmanuel said the biggest cause is SELF SABOTAGE, I think I did it many many times. I have posted all my trading history and equity graph since I joined TMS below, and you can feel how mental fitness affects the performance of a trader like me. I will try to improve my mental fitness before I do something stupid again. Does anyone have any ideas of how to master our mindset?
Attached Image (click to enlarge)
Click to Enlarge Name: Equity Graph.png Size: 24 KB
Attached Image
Attached File(s)
File Type: xlsx TMS Trading History.xlsx   106 KB | 525 downloads
  • #66,880
  • Mar 10, 2016 5:59pm Mar 10, 2016 5:59pm
Quoting tradercube
Yo people!, I'm wondering something, the ones of you trading that meme thing, are you trading demo or live? Please clear this up, because newbies coming here may think all of you are trading for a living.
what do you care about other people accounts, learn trading and go from demo to live and see for yourself.
It's in fear when people show what they truly value.
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