Trading Made Simple

Quoting MoneyTalks58

Disliked

Hi guys, I have been interested in financial markets for 5 years and time to time I tried to invest in forex. All of were failure. I tried also TMS before but it was very little time. I need money that time and I have not courage to stick to this plan. Now, I try to understand and read the posts in this topic. Thanks to great contributors. I will start next week with demo account and try to test my self. Could you please tell your comment for below chart. I guess the short opportunity has come. {image}

Ignored

Quoting v2vboni

Disliked

{quote} From my limited trading experienced and what I've learned so far with TMS method, if you will trade the Asian session, you need to make sure it already have at least 30 to 40+ pips volatility already, if not look for another pair to trade on. Also, if the price action is not clear or there's no clear trend (APB engulfing bars or TDI crosses rule, etc), then move to another pair for best trade entry or setup. Just make sure you have done enough analysis with your strategy (TMS method, fundamental/TA, etc.) before you enter the trade so that...

Ignored

Quoting hards

Disliked

{quote} We know that trading Forex successfully we need Volatility, especially with Renko Bars. Here is a Volatility tool to help to find the most volatile pairs per day, per hour and weed out the low volatility hours and days of our favorite pairs to trade. https://www.mataf.net/en/forex/tools/volatility Enjoy and good luck

Ignored

Quoting emmanuel7788

Disliked

EURUSD Week 12 trading: This BPP attached should explain that question which I asked in this post#67,162. If you understand this BPP and trade plan, you can either make 200pips or 1000pips over the next 20 trading days.\ I can make 200 pips and still make more money than those who will make 1000pips. Do you want to make 1000pips? Ask if there is anything which you do not understand. Also GBPUSD has a D1 setup last week and you can also trade the pair instead. Please post...

Ignored

Quoting emmanuel7788

Disliked

EURUSD Week 12 trading: This BPP attached should explain that question which I asked in this post#67,162. If you understand this BPP and trade plan, you can either make 200pips or 1000pips over the next 20 trading days.\ I can make 200 pips and still make more money than those who will make 1000pips. Do you want to make 1000pips? Ask if there is anything which you do not understand. Also GBPUSD has a D1 setup last week and you can also trade the pair instead. Please post...

Ignored

Quoting ensale

Disliked

I thought I would post My BPP for one my favourite pairs recently... USDCAD {image} USDCAD Monthly breaks upper trend line has broken it good and proper the past week, good day position short potential. This trade also supported by Dollar weakness and CAD strength due to Oil. {image} USDCAD daily shows no real problems in terms of wide range bar's to worry about, so we can sell at the start of next week. expect a possible test of trend line which give us an opportunity to ME.ME and build a position.. {image}

Ignored

Quoting tibovwh

Disliked

{quote} Hi, Thx for this post! I included a BPP on GBPCAD. Could you have a look and tell me if I am on the right track? Furthermore, if it would be the case, do I see it right that you look for 4H swing when you identify consolidating market type (MC(3) / WRB). You would take the trade and look for trade invalidation unless the D1 turns into a setup also. But then practically, do you just keep the trade open and manage as single entry on D1? Or do you now consider this trade a ME/ME position trade? So would GBPCAD be a good pair to look for a 4H...

Ignored

Quoting Nik-Nyc

Disliked

{quote} Hi Emmanuel, thanks for sharing your BPP and insight for EU coming week(s). Currently, i am still studying me/me and not yet trading it. However, i am beginning to piece together the rules and components and was hoping you could comment on the chart attached which depict the potential buy limit orders based on 1/2 ADR 100 and initial stop below March 10th low. Thanks in advance, N. {image}

Ignored

Quoting ChrisJP

Disliked

Hi, I'm still reading the full thread but 3364 pages to read takes time ... I hope you will not mind my question. For confirmation, would you recommend the stochastic slope indicator or the stochastic indicator? As for the stochastic slope indicator, I downloaded the one provided in the beginning of this thread (post #25 maybe?) but I'm not sure on how to read it ... Does anybody know the meaning when the curve turns red or green?

Ignored

Quoting emmanuel7788

Disliked

Hi, It will only take you 68 hours to read the most important posts in this thread. Trading Made Simple for beginners : Post#52,707 But you if you want to read all 67,275 posts, that will take you 8.625 years. I won't do that. You need only to use the platform provided Stochastics indicator set to 8,3,3. The Stochastics slope has nothing to do with Big E' 5-Method. Two very important posts: Post#261...

Ignored

Quoting catalin_eros

Disliked

{quote} So if you used the MN S/R for TP on UJ (or the low of W1 WRB), then where does the W1 52 ATR come in place as TP? What am I missing? What is your way of defining targets: 52 ATR or MN S/R? I would also like to receive the answer for the previously asked question: 'since I entered based on two elements, should my exit be based on two elements as well?" Thanks in advance, Emm!

Ignored

Quoting antonym

Disliked

{quote} Hello emmanuel, Thank you for the explanation. I am glad that I have the same bias on euro as yours. So I should open a buy trade (1/5 unit) when H4 TDI cross up, and placed my SL at the WRB low. Then look for adding in entries every time it move down 1/2 ADR. Could you confirm that I am correct in my understanding of ME/ME method? How about the Mar 16 low you mentioned? When does that stoploss come into play? Thank you. {image}

Ignored

Quoting emmanuel7788

Disliked

{quote} Hi Nik, Your 4K display sure creates a lot of bytes in the graphics files. Anyway, I just manage to cut only the relevant portion and made my comments on it. See below. The order distance between each ME trade can be simplified to just 50pips. We do not need to be precise because we want to get an overall better entry pruce with maximum 5 ME trades. This is the only comment I have. The other comments are technical which i wrote on the chart attached below. There are several system components on ME/ME money management strategy. I will PM...

Ignored

Quoting mkfx

Disliked

{quote} Hi Emmenual, Thanks for giving a very clear example of M Entry system. I may be wrong But as per my understand, in this scenario we need to have around 17K equity to trade even a minimum lot (0.01 Lot) . I assumed 1pip =$10 for a STD lot (100K). so for 0.01 lot 1 pip is 10 cent. and total pips distance to SL for all 5 entries is over 1700 pips. Which about $170 and 170 is equal to 1 % than required capital is 17K. Please correct me if I am wrong. Thanks MK MK

Ignored

Quoting ChrisJP

Disliked

{quote} Wow, I was expecting something like "what!? come back only after you've read everything!!" Thanks a lot!!! Side question ... In the latest pages, I saw "BigE" used a lot ... is BigE the nickname for Eelfranz? Sorry if it's a stupid question ...

Ignored