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Trading Made Simple

  • #67,941
  • Apr 5, 2016 8:37am Apr 5, 2016 8:37am
Quoting bsbmitza
Managed to find an entry on GBP JPY for a profit of 0.5xADR(100). Should i start a basket of trades for ME/ME or wait for a better setup? Any kind of advice is welcome. {image}
Hi, B!

Can you share the calendar indi, please? I've been wanting to add something like that to my charts.
  • #67,942
  • Apr 5, 2016 8:41am Apr 5, 2016 8:41am
Quoting catalin_eros
{quote} Hi, B! Can you share the calendar indi, please? I've been wanting to add something like that to my charts.
there you go.
Attached File(s)
File Type: ex4 NewsCal-v107.ex4   48 KB | 287 downloads
  • #67,943
  • Apr 5, 2016 8:55am Apr 5, 2016 8:55am
Quoting emmanuel7788
{quote} Hi irishtoffy, Thanks for sharing your EURUSD Big Picture. I have not started to update my Big Picture yet, still waiting for London 19:00, when my UK buddies will start doing together. Anyway, I have my EU Big Picture which I will update immediately for week 19. Big Picture planning (Step 1) The process is I will start looking at the Monthly chart first ( imagione we start from scratch now, first time doing so...) On MN chart, swicth to Line Chart and draw those lines of every swing points - high points, low points going back to 2008. Why...
Hi Emmanuel,

I've been reading this thread and studying the TMS system and this is my first post. Let me first congratulate you for your great contribution through the years, helping so many traders. You are very pedagogic and your teachings are very methodical and rational, a great help for any trader. I think you could even start your own thread with all the benefits of having more control and being able to organize better all the information and teachings. BigE I'm sure would be proud.

I have some concrete questions for you:

I'm starting to train my Big Picture Planning on the major pairs, following your method: http://www.forexfactory.com/showthre...17#post6658417
Do you still use that methodology, going far back in time (>10 years) and marking every turning point in monthly data? I have been doing that and the result is that I see too many lines near the price action and it is a bit confusing for me at this stage.

Do you ever use ME when trading on the 4H timeframe?

Thanks,
Jaime
  • #67,944
  • Apr 5, 2016 9:04am Apr 5, 2016 9:04am
GU, H4, long. First trade of the week, and also the first loss. Being one of my new entry rules, I forgot to switch to H1 and enter on the break of the high of the latest candle, and that would have kept me out of this trade. Now I stand with a loss of 160 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 71 KB
  • #67,945
  • Apr 5, 2016 9:05am Apr 5, 2016 9:05am
Quoting bsbmitza
{quote} there you go. {file}
Thanks!
  • #67,946
  • Apr 5, 2016 9:57am Apr 5, 2016 9:57am
Quoting emmanuel7788
GBPNZD reversal trading example: {image}
Hi Emm,

Im a bit puzzled by your "bullish" comments on GBPNZD early in this week. When I went over this pair I saw last W1 candle close below the MC(3). My plan had been to sell when market open on Sunday using 2-week lookback as SL.

If we buy the 4H we are buying into both D1 W1 and MN 10EMA?

Best,
  • #67,947
  • Apr 5, 2016 10:15am Apr 5, 2016 10:15am
Quoting MoneyTalks58
GBPUSD can be profitable in my opinion. I tried it with my demo account. {image}
Another bad trade. It went opposite.
  • #67,948
  • Apr 5, 2016 10:25am Apr 5, 2016 10:25am
Quoting emmanuel7788
{quote} Just to follow on that post on SL and TP. see the update chart below. Newbie question on that trade H4 setup: Do we check H1? Why do you want to check H1 when you are trading the H4 chart timeframe? Did Big E check lower timeframe when he sees a TDI trade setup? Maybe he did, maybe he did not. But he already knew the short term trend and the long term trend, when he is looking for trade setups. He was always well prepared with the basic forex stuff when he was looking for TDI setups to trade. {image} If you compare this chart updated and...
Hi, emm!

First ,thank u for all your efforts!
And i'm looking for the tool "Trail_by_prev_candle_H\L" you mentioned.
Can u share it again?
best wishes!
  • #67,949
  • Apr 5, 2016 11:15am Apr 5, 2016 11:15am
Quoting bsbmitza
Managed to find an entry on GBP JPY for a profit of 0.5xADR(100). Should i start a basket of trades for ME/ME or wait for a better setup? Any kind of advice is welcome. {image}
Hello Mate,
Do be kind and share this very template of yours,
Thank you.

Regards,
EF
Motivation is what gets you started. Habit is what keeps you going
  • #67,950
  • Apr 5, 2016 11:51am Apr 5, 2016 11:51am
I studied with the fx simulator yesterda between 1 month period (01.03.2016 - 31.03.2016) The results are below. For each pair I found 2-5 trade opportunity in one month period and also I know that I picked some bad decisions that I am aware of them.
The list is in this row:

AUDNZD, AUDUSD, EURCAD, EURGBP, EURJPY, USDCAD, USDJPY

I just wanted to share.

Edit: 4H charts, 0.1 fix lots.
Attached Images
  • #67,951
  • Apr 5, 2016 12:04pm Apr 5, 2016 12:04pm
10 more pips to the target on AN, H4. SL moved to BE. Although I think it might go even lower than my TP, based on TDI PL angle, all the way to the low of W1 WRB (black line) or the W1 S (white line). Down, baby, down!
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 30 KB

I am also long on EG, and looking good so far.
  • #67,952
  • Apr 5, 2016 12:34pm Apr 5, 2016 12:34pm
Quoting catalin_eros
10 more pips to the target on AN, H4. SL moved to BE. Although I think it might go even lower than my TP, based on TDI PL angle, all the way to the low of W1 WRB (black line) or the W1 S (white line). Down, baby, down! {image} I am also long on EG, and looking good so far.
The market structure analysis on you AN trade looks good on h4...This pair just switched from making HL/HH to making LL/LH. I see some potential for this trade to have legs, my main concern is the time of day, but being at BE you have nothing to lose. Nice trade.

N.
  • #67,953
  • Apr 5, 2016 1:19pm Apr 5, 2016 1:19pm
Quoting Nik-Nyc
{quote} The market structure analysis on you AN trade looks good on h4...This pair just switched from making HL/HH to making LL/LH. I see some potential for this trade to have legs, my main concern is the time of day, but being at BE you have nothing to lose. Nice trade. N.
Thanks, Nik!

I also see there was a H&S, then a retest of the neckline, and then I entered. The head was also the second peak of the DT. Technically speaking, it should go down, down, down. My concern is that my TP is very small, and I may leave a lot of pips on the table. Perhaps I'll change it to R Multiples. As you said, I have nothing to lose, it is a free ride. Thanks for the input!
  • #67,954
  • Apr 5, 2016 9:03pm Apr 5, 2016 9:03pm
Emm:

Here is my outlook for today. I would love to hear your full critique of my work if you have time. Also, I finally read that book you posted. "Adventures of a Currency Trader." The author is gifted in his knowledge of human nature and writing. Teaching children tends to be easier than adults. You show them how to do things and if they see you as an authority figure, they comply. Showing adults is harder. They don't tend to listen and want to do things their own way. Personalization makes us feel special. This Ego gets in the way. Many people think that it doesn't because they think they can see it coming. I am one of those people because I can think outside of my own head so to speak. But this story showed me up. Ego and the rejection of pain forced me to keep looking for system after system. This story made me decide and once again reaffirm my conviction in this system and to focus on my analysis. That's the key; my own brain, my own work, my own choices, and my own responsibility. Thanks again for your contributions to everyone's journey here on this thread. Without further ado; my work

CURRENCIES OUTLOOK:
Eur/usd – W and D look good for bulls, but must break through resistance for the WRB first. There is daylight above, but not much. Watch for the pause at resistance is taking the trade.
Eur/jpy W and D good for bears. But daylight is a little dim as we must break from WRB and R and G have returned to interior of VB and support is only 80 pips away.
Eur/gbp – W and D look fine, but the 4hr no daylight. Previous W fib is close as well as the pause at the RN. By the time it breaks, probably won’t have much meat left
Eur/nzd W looks broke to high, but daily looks a bit rejected... might break for a bull, but watch for prev W fib 127. Target 161 or BRN if taken.
Gbp/aud – W has bounced on 200, D seems rejecting bull, but bull might break again if prev W fib 50 holds. Looks like a good bull possibility with daylight if it breaks 100 line
Aud/jpy – W and D look fine, but 4hr has dropped so far already that I expect a pause for consolidation as R and G have returned to VB. Watch for PA and BO
Gbp/nzd – W has bounced on 200, D has made HH and is in middle of HL. Look for bull bounce off of support.
Gbp/jpy – W might be DBL BTTM but has 100 pips or so left till support. Daily looks the same. 4hr is using fib 164 as resistance. Look for bear run.
Usd/cad – W is down, but daily is up with possible DBL BTTm with second HH, HL on 4hr. Kissed and rejected RN. But I am looking for another run up for continuation of bulls. Target around 200 on 4hr.
Aud/usd – W and D TF look good for sells. look for a sell but watch out for consolidation as R and G has just entered VBs. Watch for break below support on scrn two
"IN CASH WE TRUST"
  • #67,955
  • Apr 5, 2016 10:16pm Apr 5, 2016 10:16pm
I have been following this post for over a year now and have been applying it to my charts. Currently, I am so gungho on achieving $20-30 in daily income/ $400 - $600 monthly (praying), I just need to figure out a good starting capital with no more than 1% risk (I'm thinking $1000-$3000)....?

I am in need of a supplemental income for my traveling I'll be doing later this year and Forex above all else seems like a good fit. I started out with 15min. to 30min. charts now all I trade is mostly the 1Hr charts. Big E and Emmanuel changed my life with these posts for the longest...
  • #67,956
  • Apr 6, 2016 12:30am Apr 6, 2016 12:30am
Hi everyone I'm new here, spent 2 weeks to review the whole thread started by Big E back in 2001. Really like to learn this TMS mether utilizing the TDI. I'm hesitate to ask you guys here a question that might upset you (then pls forgive me): When I research TDI subject they say it's popular with Forex trading and also can apply to equity. I know someone use it with commodity futures. Does anyone here know if TDI could be a good indi for equity market/equity indexes?

I'm a 10-year index options trader with quite success and use some common indi as with Forex except for TDI, I don't know how to download it and import to options trading platform.

As with currency trading, besides all the same disciplines/charting skills and money mgt, I believe it has better risk control mechanism than options (debit/credit spreads) trading. In Options, it is not easy to set SL, TP and TS etc, due to huge spread in Bid/Ask quote. This interests me a lot to study currency market. On the other hand if I can have TDI for my options trading and I'd like to use it to back test my strategies. If it indeed is superior than other indi, it could strike out a huge profits!!!

I'm not talking about making 100 pips overnight on a full lot (=$1k profits?) it's way too huge that I dare not to even mention it. I only trade my own account but 2 years ago I'm forced to register with SEC due to my qualification as Large Trader status. So I'll appreciate any comments/suggestions here. Now I'm doing lots of Forex demo trades hopefully it'd become my post-retirement trading life because it's short-term in & out trades so I can go on vacation, visit my children/relatives all over the world anytime i want. It's hard for Options that you always has numerous positions hanging on there waiting for market cycling up and down.. some positons are management to rescue previous ones...

Thanks again and am excited to join all of you.
  • #67,957
  • Apr 6, 2016 12:44am Apr 6, 2016 12:44am
Quoting Li52
Hi everyone I'm new here, spent 2 weeks to review the whole thread started by Big E back in 2001. Really like to learn this TMS mether utilizing the TDI. I'm hesitate to ask you guys here a question that might upset you (then pls forgive me): When I research TDI subject they say it's popular with Forex trading and also can apply to equity. I know someone use it with commodity futures.
Hi Li52,

Welcome to FF and the TMS/5-method thread. You will find a wealth of information here and no question is too simple.

Personally i have only used the tdi in forex and futures trading. I have no experience with options.

No sure what platform you use for options, but it might be useful to replicate the tdi in your current platform. Emmanuel has documented how to replicate the tdi extensively so i suggest you search his post. You can start here: http://www.forexfactory.com/showthre...55#post7275155

Best,
N
  • #67,958
  • Apr 6, 2016 6:11am Apr 6, 2016 6:11am
Quoting Li52
Hi everyone I'm new here, spent 2 weeks to review the whole thread started by Big E back in 2001. Really like to learn this TMS mether utilizing the TDI. I'm hesitate to ask you guys here a question that might upset you (then pls forgive me): When I research TDI subject they say it's popular with Forex trading and also can apply to equity. I know someone use it with commodity futures. Does anyone here know if TDI could be a good indi for equity market/equity indexes? I'm a 10-year index options trader with quite success and use some common indi...
You can download the history data of commodity future then import to the mt4.Of course,you need to transfer it,I tried it in using China Stock Market data.
You may google it.
  • #67,959
  • Apr 6, 2016 7:05am Apr 6, 2016 7:05am
Quoting tibovwh
{quote} Hi Emm, Im a bit puzzled by your "bullish" comments on GBPNZD early in this week. When I went over this pair I saw last W1 candle close below the MC(3). My plan had been to sell when market open on Sunday using 2-week lookback as SL. If we buy the 4H we are buying into both D1 W1 and MN 10EMA? Best,

a correction in a bearish sideways price channel is bullish ...

but the topic of that pdf was about ?????
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,960
  • Apr 6, 2016 7:07am Apr 6, 2016 7:07am
Quoting chye
{quote} Hi, emm! First ,thank u for all your efforts! And i'm looking for the tool "Trail_by_prev_candle_H\L" you mentioned. Can u share it again? best wishes!

THV CaveManager EA.
Download the trade manager EA and pdf description from original thread / post by Caveman: Post# 18,455

Both the EA and pdf description are in Post#30,032

I made a pdf for member hsn100.
CM parameter setting for HSN : Post#56,308
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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