Trading Made Simple | Page 3382 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #67,621
  • Mar 30, 2016 4:17am Mar 30, 2016 4:17am
Quoting emmanuel7788
{quote} ok, this question I keep it for tomorrow otherwise tomorrow I may not have any questions to answer and post... now you test your patience in waiting till tomorrow.
Challenge accepted, Emm.
Attached Image
  • #67,622
  • Mar 30, 2016 4:17am Mar 30, 2016 4:17am
Quoting Tekkies
{quote} Hi Emm Your Question mark I know MACD is not TMS Because I am still learning the ropes and only use the TDI cross over MACD has stopped a lot of false signals See red lines {image}

Hi Tekkie,

I do not have any objection that you use the MACD as long as that give you more confidence what the TDI and Stochastics show you.

But when you trade COWABUNGA, you should follow COWABUNGA rules for entry and exit.
When three indicators RSI, Stoch and MACD shows CONFLUENCE , that is what is high probability setup for entry and also for exit.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,623
  • Mar 30, 2016 4:19am Mar 30, 2016 4:19am
Quoting Tekkies
Hi folks Really really need advice This is my small small tiny trading account. Due to a rain storm lost night lost internet access from the X mark to the check mark Have placed sell order on red lines How do a trader get out of this with minus loss 1. Close all trades, cry and start over again 2. Counter trade a with buy orders 3 Do the "recovery zone" thing google:About 64 800 results (0,45 seconds) forexfactory.com search (28 page hit) 4. Analyze chart TDI and Stroch is in OB MACD show up {image}
Not sure I understand your post, the X you have on there is on 28th which was Monday and yet you posted yesterday on this thread with charts? Another thing, unless your broker is unusual and has the order numbers running backwards, the bottom sell went in before the top one??
  • #67,624
  • Mar 30, 2016 4:23am Mar 30, 2016 4:23am
Quoting emmanuel7788
{quote} ok, this question I keep it for tomorrow otherwise tomorrow I may not have any questions to answer and post... now you test your patience in waiting till tomorrow.


Quoting catalin_eros
{quote} Challenge accepted, Emm. {image}
nice stuff.. you make me chuckle my friend!
Guido
Risiko birgt immer auch die Chance.
  • #67,625
  • Mar 30, 2016 4:23am Mar 30, 2016 4:23am
Hi Emm,
can i trade ME/ME on EA/EC/EN/GA/GC/GN?
or it just special for major pair?
Joining The 10%
  • #67,626
  • Edited 4:46am Mar 30, 2016 4:25am | Edited 4:46am
Quoting satjhangra
Hey Emm, What do you think of a possible short on GBPUSD developing? You have divergence, head and shoulders pattern developing, TDI about to cross, pinbar on last H4 candle and previous resistance level. If the next candle closes bearish, possible short set up? What's your opinion? {image}
Hi,

What I think is not real.
What is possible is also not real.

Its too late to buy, too early to sell.
I let the monthly candle to close tomorrow EOD.
This weekend, I update my Big Picture Plan and wait till next week.

regards,

Edit: I forgot to mention GU has exhausted it weekly range at 1.4425. Maybe we get a bonus of +20% of that.
http://www.forexfactory.com/showthre...83#post8839483
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,627
  • Mar 30, 2016 4:27am Mar 30, 2016 4:27am
Quoting Tekkies
Hi folks Really really need advice This is my small small tiny trading account. Due to a rain storm lost night lost internet access from the X mark to the check mark Have placed sell order on red lines How do a trader get out of this with minus loss 1. Close all trades, cry and start over again 2. Counter trade a with buy orders 3 Do the "recovery zone" thing google:About 64 800 results (0,45 seconds) forexfactory.com search (28 page hit) 4. Analyze chart TDI and Stroch is in OB MACD show up {image}
In my own opinion, what happened has happened, so now I think you need to recover your loss, but how? It's a bit late to chase the market with the buy order and it's quite risky.

Today is 30/3, which is 2 days away from monthly close. From what I have observed for AUD/USD on monthly chart. The price may react to the high of the big bar on the left of MN chart, which is 0.77375, about 70 pips away from current price. There are 2 MN swing lines can work as resistance near 0.77375, they are 0.77610 and 0.77020. So there is a resistance zone above current price, the price has the reasonable probability to retrace, you may want to consider on that. On Weekly chart, the price may also react to the high of the potential MB on 13/3, which is at 0.76802. It is worth noting that the PL on TDI on weekly chart has crossed VB, which can be the signal of consolidation, if this really happens, so you will have enough opportunities to at least achieve breakeven for your sell orders. Trying to break even will be your objective for next couple of days.

If you have enough margin for the potential further loss, you can set your SL at the high of that big bar at 0.77375, and then expect the price retraces to around 0.76050, which is the confluence point of daily downtrend line and MN swing line the price just broke yesterday, you may still take some small losses. The price may be unlikely to further go down below 0.76050 but who knows, market will give you the answer later on. Therefore it's still risky because this pair is bullish right now.

Before the same situation will happen next time, you have to find the alternative ways to avoid this risk, you can either go to your friends house and use their internet or use your mobile phone that can access to the internet. If their is no internet connection in the whole city, you may want to contact your forex friends in other cities to exit the trades for you. As you may notice that, chair Yellen spoke at 0:20AM today, it was such an important event we should protect our trades beforehand as a technical trader.

Good luck and hope you can at least break even your trades.
  • #67,628
  • Mar 30, 2016 4:29am Mar 30, 2016 4:29am
Quoting AcanaTrader
Hi Emm, can i trade ME/ME on EA/EC/EN/GA/GC/GN? or it just special for major pair?

If you have 3 to 5 years experience trading with TMS 5-Method actively and achieved and maintained a consistent win rate of above 55%, you can trade any of these 16 pairs with ME/ME.

AUDUSD
EURUSD
GBPUSD
USDCAD

EURAUD
EURNZD
EURCAD
EURGBP
GBPAUD
GBPNZD
GBPCAD

USDJPY
AUDJPY
EURJPY
GBPJPY
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,629
  • Mar 30, 2016 4:36am Mar 30, 2016 4:36am
Quoting emmanuel7788
{quote} If you have 3 to 5 years experience trading with TMS 5-Method actively and achieved and maintained a consistent win rate of above 55%, you can trade any of these 16 pairs with ME/ME. AUDUSD EURUSD GBPUSD USDCAD EURAUD EURNZD EURCAD EURGBP GBPAUD GBPNZD GBPCAD USDJPY AUDJPY EURJPY GBPJPY
ok, then, how to determine takeprofit +50 or +100?
which i should use?
Joining The 10%
  • #67,630
  • Mar 30, 2016 4:43am Mar 30, 2016 4:43am
Quoting AcanaTrader
{quote} ok, then, how to determine takeprofit +50 or +100? which i should use?

when you find a balance between greed and fear, you will know which to use.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,631
  • Mar 30, 2016 4:53am Mar 30, 2016 4:53am
Quoting emmanuel7788
{quote} when you find a balance between greed and fear, you will know which to use.
Am I asking a wrong question？
  • #67,632
  • Mar 30, 2016 5:02am Mar 30, 2016 5:02am
Another one on EA for +50 short at LO opens
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H1.png Size: 46 KB
I Have Learned to Take Some Losses to Make Profits
  • #67,633
  • Mar 30, 2016 5:06am Mar 30, 2016 5:06am
Quoting emmanuel7788
{quote} use the average entry price of 2 trades entries ... {image}
Exactly what I tried to explain in my answer,
I Have Learned to Take Some Losses to Make Profits
  • #67,634
  • Mar 30, 2016 5:17am Mar 30, 2016 5:17am
Quoting lastingwell
{quote}Not sure I understand your post, the X you have on there is on 28th which was Monday and yet you posted yesterday on this thread with charts? Another thing, unless your broker is unusual and has the order numbers running backwards, the bottom sell went in before the top one??
hi

the cross is only to clarify where the connection was broken or to give an idea what the problem is

I have decided not to place any orders and wait for the market to come down
based on:
TDI green is above 68 so it should ?????? come down - a bounceing green can also happen
Stroch is going down
MACD is a problem it is showing up

Now I can place sell order while going down and by doing that earn some profit and if the market gives me the finger and go up again I have more trades to worry about
And how do I justify a sell order. Just to gain a few pips going down might work and it might explode in my face
  • #67,635
  • Mar 30, 2016 5:28am Mar 30, 2016 5:28am
Quoting teslaYoung
{quote} In my own opinion, what happened has happened, so now I think you need to recover your loss, but how? It's a bit late to chase the market with the buy order and it's quite risky. Today is 30/3, which is 2 days away from monthly close. From what I have observed for AUD/USD on monthly chart. The price may react to the high of the big bar on the left of MN chart, which is 0.77375, about 70 pips away from current price. There are 2 MN swing lines can work as resistance near 0.77375, they are 0.77610 and 0.77020. So there is a resistance zone...
Thanks Tesla
It will take me the whole day to figure out what you are talking about because I am way way below your and Emm trading knowledge
the search button is going to work overtime
  • #67,636
  • Mar 30, 2016 5:34am Mar 30, 2016 5:34am
Quoting TheScorpS
{quote} Exactly what I tried to explain in my answer,
Hi,What timeframe do you trade,do you trade M15?
  • #67,637
  • Mar 30, 2016 5:45am Mar 30, 2016 5:45am
Quoting emmanuel7788
{quote} when you find a balance between greed and fear, you will know which to use.
nice
now, this is third questions if the day
there are any possibility for me to learn about smartcutloss system? how i can get that lesson?
Joining The 10%
  • #67,638
  • Mar 30, 2016 6:08am Mar 30, 2016 6:08am
Quoting AcanaTrader
{quote} nice now, this is third questions if the day there are any possibility for me to learn about smartcutloss system? how i can get that lesson?
past "smartcutloss " in search
About 6 Results

Trading Made Simple - Page 3099
http://www.forexfactory.com/showthread.php?p=8555222
{quote} Hi mkfx, SMART Cut Loss is a trade management method used in a
proprietary trading system which does not run in MT4. I follow the ...
Trading Made Simple - Page 3285
http://www.forexfactory.com/showthread.php?p=8747740
The floating loss for open positions are within the hard stop loss and the SMART-
Cut Loss levels. These are based on market volatility and are ...
Trading Made Simple - Page 3098
http://www.forexfactory.com/showthread.php?p=8554771
Trade the Day chart, use risk % and position sizing, have a SMART cut loss
method and you will survive longer in this brutal market. Don't give ...
Trading Made Simple - Page 3289
http://www.forexfactory.com/showthread.php?p=8752532
Why SMART Cut-loss is a region instead of a line? Would you kindly share with
us on how to calculate that region using market volatility?
Trading Made Simple - Page 3382
http://www.forexfactory.com/showthread.php?p=8842730
now, this is third questions if the day there are any possibility for me to learn
about smartcutloss system? how i can get that lesson? Joining The ...
Trading Made Simple - Page 3354
http://www.forexfactory.com/showthread.php?p=8815855
reaching initial SL - reaching SMART cut loss (however defined) - ?? are there
any other criteria? One further question about starting ME/ME
  • #67,639
  • Mar 30, 2016 6:11am Mar 30, 2016 6:11am
Quoting AcanaTrader
{quote} nice now, this is third questions if the day there are any possibility for me to learn about smartcutloss system? how i can get that lesson?

Q.3) there are any possibility for me to learn about smartcutloss system? Yes.

Q.4) how i can get that lesson? that's 4 questions...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,640
  • Mar 30, 2016 6:14am Mar 30, 2016 6:14am
Quoting Tekkies
{quote} past "smartcutloss " in search About 6 Results Trading Made Simple - Page 3099 http://www.forexfactory.com/showthread.php?p=8555222 {quote} Hi mkfx, SMART Cut Loss is a trade management method used in a proprietary trading system which does not run in MT4. I follow the ... Trading Made Simple - Page 3285 http://www.forexfactory.com/showthread.php?p=8747740 The floating loss for open positions...
i have already done that searching this thread
and nothing is can be use for learn that smartcutloss
so what is your point by showing me this?
Joining The 10%
25 traders viewing now