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Trading Made Simple

  • #66,961
  • Mar 12, 2016 7:10pm Mar 12, 2016 7:10pm
Quoting kain775
{quote} no i don't not want to look at my chart every 30 minutes, 4 hours would be ideal, but atm I am not spotting enough setups a day to allow me the luxury of only trading 4 hours charts. I am seeing on average 2 setups a day that i would trade. I know there are many more and hopefully i will be able to spot more as my experiance with this system increases. but atm If i restricted myself to the 4 hour charts i would probably be seeing on average 0.5 setups a day that i would personally feel comfortable trading... i see considerable more setups...

Kain,

<... why you said put the TDI in the strategy tester, as wouldn't just bringing the TDI up in the normal way and scrolling back at price produce the same results?...>

Answer: NO. It is because the TDI Red Green repaints when charts are refreshed. This mean what you see when you scroll back your charts, you are seeing the re-painted TDI lines. All of Big E training charts are refreshed chart so the TDI Red Green have all been repainted.

To see the TDI in realtime live market data is to look in realtime live market and DO NOT refreshed your chart when you are trading and when you have open trades to manage. This is what Big E mentioned in several of his posts. He is aware of the TDI Red Green repainting after several members in his skype group brought this matter up in discussion.

I recommend that you run the TDI comparison using the MT4 strategy tester and compare the different TDI versions and learn from it. Then decide which version you want to use and write your trading rules based on the version you have selected and decided on.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,962
  • Mar 12, 2016 7:19pm Mar 12, 2016 7:19pm
Quoting satjhangra
{quote} Hey Emm, I'm really confused regarding the ME/ME method. Maybe I'm struggling to understand the terminology because I'm very new to forex trading. Once we enter the market with a sell or buy order for a position size of 0.2%, do we set it so the SL(400pips in the above example) equals 0.2% of our account? Also if we have a TP on our initial entry of 100 pips, this would account for 0.05% return? I don't know if my thinking is on the right track. Also would the stop loss be 400pips for each individual entry? My money management understanding...

Satjhangra,

I don't know how long you have been trading with TMS 5-Method and what you win rate is.
ME/ME is a Money Management strategy to mitigate risk when we trade. We must not risk 15% to 30% per trade like Big E. he is different from all of us because he is the creator of two methods - 21/233 and 5 methods. he has a win rate of 70% to 80%. He also traded with multiple entries.

I don't like to talk theory. Talk is cheap when people who talk only but had not shown any trading results.

It is weekend, do your weekend homework and prepare a top down analysis of any one currency pair to trade next week.
Tell me which pair you have picked for trading next week and I will compare with my BPP and I will run live trades next week using ME/ME MM strategy and post them here in this thread.
Do you agree we do it this way and learn from live trading instead of posting winning trades?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,963
  • Mar 12, 2016 7:41pm Mar 12, 2016 7:41pm
Quoting emmanuel7788
{quote} Satjhangra, I don't know how long you have been trading with TMS 5-Method and what you win rate is. ME/ME is a Money Management strategy to mitigate risk when we trade. We must not risk 15% to 30% per trade like Big E. he is different from all of us because he is the creator of two methods - 21/233 and 5 methods. he has a win rate of 70% to 80%. He also traded with multiple entries. I don't like to talk theory. Talk is cheap when people who talk only but had not shown any trading results. It is weekend, do your weekend homework and prepare...
Hi Emm,

I'd also like to learn about ME/ME, would you mind if i also did my top down analysis and shared it and you compare it with what you see and how you would execute ME/ME?

regards
I'm Darth Vader's lost child!
  • #66,964
  • Mar 12, 2016 8:03pm Mar 12, 2016 8:03pm
Quoting emmanuel7788
{quote} Satjhangra, I don't know how long you have been trading with TMS 5-Method and what you win rate is. ME/ME is a Money Management strategy to mitigate risk when we trade. We must not risk 15% to 30% per trade like Big E. he is different from all of us because he is the creator of two methods - 21/233 and 5 methods. he has a win rate of 70% to 80%. He also traded with multiple entries. I don't like to talk theory. Talk is cheap when people who talk only but had not shown any trading results. It is weekend, do your weekend homework and prepare...
hi emmanuel i also have been trading big e method for quite some time.. but i cant get consistent result... i really2 would like to have your help.. i will start posting my trading entry in this post.. i you can help me with it.. i also have my own trading journal.. sometime i can get alot of tp.. sometime.. it just go down the bloody path..
  • #66,965
  • Mar 12, 2016 9:21pm Mar 12, 2016 9:21pm
Quoting emmanuel7788
{quote} Satjhangra, I don't know how long you have been trading with TMS 5-Method and what you win rate is. ME/ME is a Money Management strategy to mitigate risk when we trade. We must not risk 15% to 30% per trade like Big E. he is different from all of us because he is the creator of two methods - 21/233 and 5 methods. he has a win rate of 70% to 80%. He also traded with multiple entries. I don't like to talk theory. Talk is cheap when people who talk only but had not shown any trading results. It is weekend, do your weekend homework and prepare...

Hello emmanuel,

I have done a BPP for EURAUD. I have reached a few conclusions.

Bullish bias if it gets to the trendline,
Bearish bias if it gets up to the rectangle region (please see the pdf for the rectangle region)
Bearish bias if daily close below the trendline
No trading on H4 if inside the WRB

I am still confused about the following. Hope you could clarify.

1. What's the use of historical swing level? I plotted them the way you did in your BPP. But I don't know how to use it. What is the exact role of these levels in your BPP? Another related question is, in your trading, under what situation will you use them for trading entries?

2. I am still confused on what I should do next week. Could you give some clear instruction or some hypothetical example trade?

Sorry for the dumb questions. Looking forward to your comments and feedback.
Attached File(s)
File Type: pdf euraud BPP Mar 14.pdf   1.4 MB | 437 downloads
  • #66,966
  • Mar 12, 2016 9:45pm Mar 12, 2016 9:45pm
Hi everyone,

This is my weekly BPP for EUR/USD based on top-down analysis. Because now I am only doing position trading (ME/ME method) based on Day chart, I only analysed MN, W and Day charts.

Any advice and suggestions are welcome
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MN.png Size: 52 KB
Click to Enlarge Name: W.png Size: 62 KB
Click to Enlarge Name: D.png Size: 53 KB
  • #66,967
  • Mar 12, 2016 11:46pm Mar 12, 2016 11:46pm
Quoting emmanuel7788
{quote} Acana, you ask this question, "may i ask further question?" that's one. you asked 4 questions on the chart posted, that make total 5 questions. Yes, you may ask questions... My answers are on that same chart you posted with your 4 questions. {image} More questions please. This is how I learn from others by asking questions. I have no secrets to hide from people in this thread. You ask your questions and I reply you. But sometimes silence is also an answer. Teaching others about trading is easy but making money from trading is not that easy....
nice, detailed answer
im sorry for my bad english, my english is limited, also my brain is very limited, so i must ask lot of questions
im very luck you always answered my questions very clear,
and you never hide secret, every your post is clear

"Teaching others about trading is easy but making money from trading is not that easy"
i agree with this

thanks alot for your concern about my July big event

what about more questions? please
im still confused how to pick right decision for cutloss, i dont know what i must use for cutloss:
1)smart cutloss
2)D1 invalidation
3)2 days look back trailing
Joining The 10%
  • #66,968
  • Mar 13, 2016 3:29am Mar 13, 2016 3:29am
Quoting emmanuel7788
{quote} Satjhangra, I don't know how long you have been trading with TMS 5-Method and what you win rate is. ME/ME is a Money Management strategy to mitigate risk when we trade. We must not risk 15% to 30% per trade like Big E. he is different from all of us because he is the creator of two methods - 21/233 and 5 methods. he has a win rate of 70% to 80%. He also traded with multiple entries. I don't like to talk theory. Talk is cheap when people who talk only but had not shown any trading results. It is weekend, do your weekend homework and prepare...
Hey Emm,

Yeah I definitely agree it's the best way to learn. Only thing I struggle to understand when you place your multiple entries is where do you put your stop loss for each individual entry and where do you set your take profit for each individual entry, and how do you calculate it for each one.

I haven't actually traded with a live account, I have been using a demo account and have been overlooking this thread for a few weeks solid, every day after work and on my days off. I have learnt a lot however I still have a very long way to go before I feel confident enough to go live.

Below I have inserted images of my BBP for AUDJYP.

Please let me know your thoughts on what I'm doing right and what else I could've done in my analysis.

Again, I really appreciate what you're doing for myself and everyone else here, your contribution is invaluable.

Attached Image (click to enlarge)
Click to Enlarge Name: BBP_AUDJYP_13032016MONTHLY.png Size: 64 KB

Attached Image (click to enlarge)
Click to Enlarge Name: BBP_AUDJYP_13032016DAILY.png Size: 72 KB
  • #66,969
  • Mar 13, 2016 6:38am Mar 13, 2016 6:38am
Good Morning Mates,

anybody knows a TDI-Indicator who doenst change the angle after the new candle-open?

Thanks in advance

regards

Candle
"Repetition is the mother of skill"
  • #66,970
  • Mar 13, 2016 7:05am Mar 13, 2016 7:05am
Quoting Candle-
Good Morning Mates, anybody knows a TDI-Indicator who doenst change the angle after the new candle-open? Thanks in advance regards Candle

Hi,

Use the TDI-RT version. But you must wait for the price bar/candle to close to confirm the TDI Green line. When the next price bar/candle opens, that TDI Green line will be fixed based on the previous bar/candle Close price and will not repaint.

TDI-RealTime version Post#17,848

How to create the TDI using the RSI available in other platform: Post#15,546

Have a Good Trading week ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,971
  • Mar 13, 2016 7:19am Mar 13, 2016 7:19am
Quoting emmanuel7788
{quote} Hi, Use the TDI-RT version. But you must wait for the price bar/candle to close to confirm the TDI Green line. When the next price bar/candle opens, that TDI Green line will be fixed based on the previous bar/candle Close price and will not repaint. TDI-RealTime version Post#17,848 How to create the TDI using the RSI available in other platform: Post#15,546 Have a Good Trading week ahead....
Moin Emmanuel,

Only for me to got it: you mean these kind of TDI gives only a correct signal when the Candle opens. Because its the only point where the TDI measures the PA?

thank you for the fast answer.

I wish you the same.

best wishes

Candle
"Repetition is the mother of skill"
  • #66,972
  • Mar 13, 2016 7:25am Mar 13, 2016 7:25am
Hi Emmanuel, I have seen a lot of TDI'S, the Tdi Green line is the only one that repaint?

Tdi Rt
Tdi
tms- osc
Tms- Watchdog
Tdi Green líne
Sinergy Tdi pro

Thank you!
I hope i dont create confussion to the rest of you guys...
“Stops don’t limit profits — they prevent disasters.”
  • #66,973
  • Mar 13, 2016 7:29am Mar 13, 2016 7:29am
Could someone share the ADR indicator please?
“Stops don’t limit profits — they prevent disasters.”
  • #66,974
  • Mar 13, 2016 7:41am Mar 13, 2016 7:41am
Quoting thaboonline
{quote} Hi Emm, I'd also like to learn about ME/ME, would you mind if i also did my top down analysis and shared it and you compare it with what you see and how you would execute ME/ME? regards

Hi,

Sure, please post your top down analysis and share it here. I will look at all and reply with next week's trade plan for a few selected pairs.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,975
  • Mar 13, 2016 7:57am Mar 13, 2016 7:57am
Quoting satjhangra
{quote} Hey Emm, Yeah I definitely agree it's the best way to learn. Only thing I struggle to understand when you place your multiple entries is where do you put your stop loss for each individual entry and where do you set your take profit for each individual entry, and how do you calculate it for each one. I haven't actually traded with a live account, I have been using a demo account and have been overlooking this thread for a few weeks solid, every day after work and on my days off. I have learnt a lot however I still have a very long way to...
Hi S
When you are trading crosses look at majors for clues.
AU going up? UJ going up? If true means Aussie is stronger then Yen and most likely bull will continue.PA is too close to major S/R in my view (dble top and 61% R from weekly pivot)for Buy.I 'll wait to sell.
When price is at exhaustion levels I put pairs on alert orange mode.That means don't trade and look for reversal.
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYDaily.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #66,976
  • Mar 13, 2016 8:47am Mar 13, 2016 8:47am
Quoting Dagaco
Could someone share the ADR indicator please?

Regards, Dan
Attached File(s)
File Type: ex4 ADR_Daily Range PeterE.ex4   3 KB | 329 downloads
  • #66,977
  • Mar 13, 2016 8:51am Mar 13, 2016 8:51am
Has anyone the correct ex4 for the TDI-RT?

The problem is i hate the thick lines of the TDI, when i made it thinner and save it as a template, it goes thicker when i load it....

regards

Candle
"Repetition is the mother of skill"
  • #66,978
  • Edited 9:24am Mar 13, 2016 8:59am | Edited 9:24am
AUDJPY Week 11 Mar 14 to 18 Trading:

D1 chart Big Picture Plan below:

Monday Mar 14:
wait for market open and check to see how the market reacts to China data release on last Saturday when world markets were closed.
look for weekend price gaps and do not trade immediately.

On the BPP below, you will see several MN Historical Swing levels in the area around current market.
This pair is bullish and we should see buying up to the region between 86.00 and 87.50.
Do not worry about any pivots or fibo levels because just by looking at the BRN 00 and RN 50 levels plus CONFLUENCE with the 200EMA plus the recent MN Historical swing levels, these are enough for us to look at the price action and plan our trade action and decisions. Market remembers where it had been to and do not respect those pivots or fibos or harmonics patterns PRZ or astro cycle 618. TMS traders do not believe in all these.

At minimum we need to see 2 Day candles for reversal pattern, until that happens we are on the buyer side.

Look that WRB on 04.01.2016, price action may retest this WRB range which in the strong CONFLUENCE region I mention above.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 11 BPP D1 chart.png Size: 78 KB


ADR 100 days is 129pips, so when we use 0.5ADR(100) for order distance we can place our trades about 65 pips distance.
Max. 5 trades using risk of 0.2% of your balance for each trade.
Set TP = 50pips and to adjust this as number of trades progress.
Hard Stop Loss is the low of Mar 9.

I will update the Dynamic CutLoss levels only after market open on Monday.

Trade Well and Trade Safe
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,979
  • Mar 13, 2016 9:04am Mar 13, 2016 9:04am
Quoting Trader MT4
{quote} Regards, Dan {file}
Thank you very much Dan
“Stops don’t limit profits — they prevent disasters.”
  • #66,980
  • Mar 13, 2016 9:57am Mar 13, 2016 9:57am
Quoting antonym
{quote} Hello emmanuel, I have done a BPP for EURAUD. I have reached a few conclusions. Bullish bias if it gets to the trendline, Bearish bias if it gets up to the rectangle region (please see the pdf for the rectangle region) Bearish bias if daily close below the trendline No trading on H4 if inside the WRB I am still confused about the following. Hope you could clarify. 1. What's the use of historical swing level? I plotted them the way you did in your BPP. But I don't know how to use it. What is the exact role of these levels in your BPP? Another...

Hi,

The MN swing levels are seen using the Line Chart. The Line Chart shows the Close price of the OHLC and is a Simple Moving Average set to 1 period, close price.

see charts below showing the MN price swing levels and how I use that.

Attached Image (click to enlarge)
Click to Enlarge Name: MN chart swing levels.png Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: MN chart swing levels with 1SMA and candles.png Size: 35 KB


trading EURAUD would be challenging after last weeks big D1 WRB candle. The WRB range is wide enough for some good trades.
It will most like be sideways but with the D1 price action is back in the sell zone, I will take sell trades with ME/ME.
There was trade invalidation. See details on the chart below.


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 11 BPP D1 chart.png Size: 81 KB


The Average Weekly range for 52-weeks is 458 pips, very good for 4H swing trading too.
The ADR 100 days is 218 pips, so we take small trades at distance 0,5ADR ~ 110 pips distance, let keep that simple round to 100pips.

No hurry to open trades on Monday, Just wait and see how the Tokyo session trades on Monday then when London session open we look to plant our first trade build a new position.

I will update on Monday, in case I miss doing , please PM me to wake me up... I may sleep during monday's workshop session.


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