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Trading Made Simple

  • #68,021
  • Apr 7, 2016 3:15pm Apr 7, 2016 3:15pm
Quoting Scrambleguy
Emm do you know what has happened to Mr Aussie and the TMS Newbie thread? he has binned the thread.
I know what happened from the PMs between us. But we should refrain from making speculations, gossips, rumour mongering, etc. in this forum.
Please, let us all give him a break that he deserves. He told me a few things about his thread. He is very passionate about trading and wants to help newbies. But he has very long working hours in his day job which I came to know about. He needs time for his own trading business too and that thread is not helping him. He has to discover new things. I shared with him about finding his edge. He made that final decision which also hurts him.

Everything that newbies need now is to read eelfranz posts. There are only 1,483 posts to read and digest, and you will know the man and everything he shared from his 6,000 hours of experience. I did that and so everyone should do the same.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,022
  • Apr 7, 2016 3:43pm Apr 7, 2016 3:43pm
Quoting emmanuel7788
{quote} Hi, No worries, I was in dilemma for very long time until I learn how to trade with price action. Read carefully every one of Big E' post and relate what he said on to a chart example. Whenever he mentioned about PA and candle, he was referring to the APB candles. Look at the APB candles, their body size, its upper and lower wick. he mention entry when there is momentum, and place his stop loss above the previous candle high or 2 candle back. When I trade H4 swing, I look at the next higher TF i.e. the D chart - the price action of the Day...
Much obliged. Thanks for the detailed explanation Emm
Very clear indeed.
I would love the opportunity to buy you a pint of cold one, one day !
Live life king size !
  • #68,023
  • Edited 4:13pm Apr 7, 2016 3:49pm | Edited 4:13pm
Quoting emmanuel7788
{quote} Hi satjhangra, Here attached... !#_D1 Candle.ex4 I use that to explain how to see the D1 candle when we are in the lower TF charts. When you use the Day Open Line indicator, you can also see the Day candle and it will be less clutter on your trading charts. The Day open line indicator is in this post link below: Day Open Line post#43,380 Incidentally my buddies are working on new version of all the TMS trading tools for the latest MT4 build. When completed, I will...
Cheers for that Emm.

Someone should put an ebook together with all your teachings and call it "The emMANUAL" lol
  • #68,024
  • Apr 7, 2016 10:54pm Apr 7, 2016 10:54pm
Try this:

https://futures.io/thinkorswim-progr...-platform.html


Thank you very much Emmanuel, I copy the code to paste in my ToS thinkscript, and it looks ok. But I found the code may be different from your description. see attached pictures (the code may plot the signal line and the base line based on RSi instead of price line), can you kindly comment on it?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: emmanuel7788TDI.PNG Size: 41 KB
Click to Enlarge Name: TDIcode.PNG Size: 39 KB
Click to Enlarge Name: NDX100DailyChart.PNG Size: 282 KB
  • #68,025
  • Apr 8, 2016 1:10am Apr 8, 2016 1:10am
Quoting emmanuel7788
Quoting what Big E wrote in his profile:"Biggest goal is to stay out of the 95% that bite the dust! Love to see others win too." I believe the same therefore I stay away from H1 timeframe and below. And for all those who have day jobs, you don't have to be in that 95% loser group. Trade H4 and D1 charts, you will do great if you are prepared to spend 3 to 5 hours each day to study, learn, practice,... and in 2 to 3 years you will be in good shape and will find your winning edge. I promise you I will be here...
Emmanuel;
Your red bold text is a GEM !

D1 is the core of this system. When D1 is trending Down or up, it's the best time to trade H4 and even lower time frames Like m30 and H1.
All the TMS traders must look at Daily Trend, otherwise they will lose again and again. I myself became a looser one when did not obey this rule!

If you want to be winner, Try not to trade when D1 is in consolidation. The best crosses may fail if D1 be in consolidation. Just trade when D1 trending and Also look at S/Rs.

Best regards
Green pips to you
  • #68,026
  • Apr 8, 2016 1:41am Apr 8, 2016 1:41am
Quoting emmanuel7788
{quote} Hi, Those were very good hauls - GBPAUD, GBPCAD and GBPNZD. All in falling price channels, we sell the corrections while lower timeframes traders will buy the corrections. On D chart position trading , I look at the 52-weeks average trading range. So long as there is no trade invalidation I will remain in the trade but must look at the next higher timeframe price action making sure there is still price momentum in the direction of our trades. Also keep track where the previous month OHLC are and trade in the direction of the MN OHLC . Look...
Emm thanks. Very valuable information. You still open trade on friday? or keep trade over weekend?

Regards,
  • #68,027
  • Apr 8, 2016 2:40am Apr 8, 2016 2:40am
Quoting BridgeWater
{quote} Emm thanks. Very valuable information. You still open trade on friday? or keep trade over weekend? Regards,

Hi,

I close all 4H swing trades when the average weekly range is exhausted or else I close all trades on Fridays during London session and before NY closes.

But for Position trades on D1 chart TF, I hold them for weeks depends on what I see on my charts.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,028
  • Apr 8, 2016 2:59am Apr 8, 2016 2:59am
Quoting emmanuel7788
{quote} Hi, I close all 4H swing trades when the average weekly range is exhausted or else I close all trades on Fridays during London session and before NY closes. But for Position trades on D1 chart TF, I hold them for weeks depends on what I see on my charts. regards,
Emm thanks for your honesty. I more confident now. It seems average reached level 3 open trade per position.

Regards,
  • #68,029
  • Apr 8, 2016 3:02am Apr 8, 2016 3:02am
Quoting Li52
Try this: https://futures.io/thinkorswim-progr...-platform.html Thank you very much Emmanuel, I copy the code to paste in my ToS thinkscript, and it looks ok. But I found the code may be different from your description. see attached pictures (the code may plot the signal line and the base line based on RSi instead of price line), can you kindly comment on it? {image} {image} {image}

Hi,

sorry, I realise there was an error in that old post I made.
the Price Line is moving average 2 period of the RSI data period 13.
the Trade Signal Line Red should be moving average 7 of the RSI data period 13.
also the Market Base Line should be moving average 34 period of the same RSI data period.

this is what the Fozzy-RSI is.

but note that the synergy_pro TDI is different setting and most of the active TMS traders are using this new setting now.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,030
  • Apr 8, 2016 3:08am Apr 8, 2016 3:08am
Quoting farhad10
{quote} Emmanuel; Your red bold text is a GEM ! D1 is the core of this system. When D1 is trending Down or up, it's the best time to trade H4 and even lower time frames Like m30 and H1. All the TMS traders must look at Daily Trend, otherwise they will lose again and again. I myself became a looser one when did not obey this rule! If you want to be winner, Try not to trade when D1 is in consolidation. The best crosses may fail if D1 be in consolidation. Just trade when D1 trending and Also look at S/Rs. Best regards Green pips to you

Hi,

That is exactly what Big E recommended traders who have day jobs to trade the H4 and D1. They don't have t wait till they retire then start trade higher TF charts. There is no reason to trade the H1 and lower TF because the failure rate is very high. Trading H4 and D1 will produce better results and will be the road to financial freedom. Low TF is attractive to the younger traders because they want to make money fast and do not realise the failure rate is very high and they contribute to the 95% loser group and also their money will end up as OPM or the Markets' Money in the pockets of the 5% winner group.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,031
  • Apr 8, 2016 3:10am Apr 8, 2016 3:10am
Quoting satjhangra
{quote} Cheers for that Emm. Someone should put an ebook together with all your teachings and call it "The emMANUAL" lol

actually one member already did that compilation and send to me. He does not want to share it in the thread for reasons he told me. I respect that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,032
  • Apr 8, 2016 3:11am Apr 8, 2016 3:11am
Quoting foxtrader16
{quote} Much obliged. Thanks for the detailed explanation Emm Very clear indeed. I would love the opportunity to buy you a pint of cold one, one day !

I keep that in mind the next time I go visit my sister in Toronto....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,033
  • Apr 8, 2016 3:59am Apr 8, 2016 3:59am
Emm,You know the entry about 4H TF is hard to learn,that's the reason why people perfer trading lower TF M30 H1 even M15.
  • #68,034
  • Edited 4:37am Apr 8, 2016 4:22am | Edited 4:37am
Quoting leescofield
Emm,You know the entry about 4H TF is hard to learn,that's the reason why people perfer trading lower TF M30 H1 even M15.

that is wrong. People prefer lower TF because they are attracted to posts showing winning trades most of the time and want to make money fast every day. It is self-sabotage.

TMS 5-Method entry is about looking at Price Action at Support and Resistance for the best setups.
The problem is not in the learning, it is the traders lack of knowledge and skills in trading and how they apply that Post#647 when they see a TDI setup.
TMS 5-Method is not a mechanical trading method. It is a discretionary-mechanical trading method and this is the reason why many traders fails.

look at H4 charts, you will see how many setups today and 50pips was easy when we follow Big E' entry and exit rules.

Edit: add GBPJPY chart

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY H4 example Apr 8.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,035
  • Apr 8, 2016 4:49am Apr 8, 2016 4:49am
H4 shows rebounce,but the D1 trend is still go down
  • #68,036
  • Apr 8, 2016 4:51am Apr 8, 2016 4:51am
Another example of a H4 setup,

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD H4 Apr 8.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,037
  • Apr 8, 2016 4:57am Apr 8, 2016 4:57am
EURUSD H4 setup...

if you use post#647 as your pre-trade checklist would you take this setup?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 Apr 8 example.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,038
  • Apr 8, 2016 4:59am Apr 8, 2016 4:59am
Quoting leescofield
H4 shows rebounce,but the D1 trend is still go down
so if you trade with D1 chart as your dominant trend or bias, then you wont take this setup.
that's good.

but what did Big E said about taking some chances when we trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,039
  • Apr 8, 2016 5:33am Apr 8, 2016 5:33am
Quoting eelfranz
Fun... You hit the nail on the head with your comment. Most new traders are terrified to think about trading 4hr & Daily charts. I know I was many years ago... but I didn't have a plan on how to successfully attack it either. We are bring that info to our readers.. Stop trading lower time frames if you really want to make money. When I finally got sick and tired of making $1 a pip I switched to 4hr charts and trading full lots. I've spent a lot of money and thousands of hours studying and it was about time I got paid for it... and I do using our...
<quote>
Most new traders are terrified to think about trading 4hr & Daily charts. I know I was many years ago... but I didn't have a plan on how to successfully attack it either. We are bring that info to our readers..

Stop trading lower time frames if you really want to make money.

When I finally got sick and tired of making $1 a pip I switched to 4hr charts and trading full lots.

I've spent a lot of money and thousands of hours studying and it was about time I got paid for it... and I do using our method.

<unquote>

Do you want to make money now or you think of trading H4 and Day charts when you retire?

Why not make the money now and retire early instead? You wont retire rich, but you will retire wealthy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,040
  • Apr 8, 2016 5:33am Apr 8, 2016 5:33am
Attached Image

No idea at all
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