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Trading Made Simple

  • #68,041
  • Apr 8, 2016 5:37am Apr 8, 2016 5:37am
Quoting leescofield
{image} No idea at all

you mean you have no idea how to see if you are in consolidation or near a consolidation? Post#647.

what does that MC indicator tell you without zooming out on your chart?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,042
  • Edited 5:48am Apr 8, 2016 5:38am | Edited 5:48am
Quoting emmanuel7788
{quote} you mean you have no idea how to see if you are in consolidation or near a consolidation? Post#647. what does that MC indicator tell you without zooming out on your chart?
Don't take the trade.right?
How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...
  • #68,043
  • Apr 8, 2016 5:47am Apr 8, 2016 5:47am
Quoting leescofield
{quote} Don't take the trade.right?

its your money, you decide.

you take the trade setup,

the other guys who has their winning edge will take your money.

learn not to contribute to the market's money and those traders who have their winning edge and take the market' money.

read this report by Dr Van Tharp article
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,044
  • Apr 8, 2016 5:54am Apr 8, 2016 5:54am
Hi

4 weeks from 18th March 2016 Results of M Entry system. Still doing some mistakes. And non availability of proper EA to open trades once ist trade closed (TP ) to open new trade in same direction. Only able to get 50 pips in a trade in a day instead of 100 or 150 in strong trend and setup is still valid. Missed lot of Pips on JPY strong trend.

Only seeing chart once in a day Due to full time day job, how much time i am putting in trading results are very good.

in 20 days near to 10% , out of 95% and in 5% for this 20 days cycle ( which i have to maintain consistently)

Thanks Emmanuel and every one .

MK
Attached Image (click to enlarge)
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  • #68,045
  • Apr 8, 2016 6:08am Apr 8, 2016 6:08am
Quoting emmanuel7788
{quote} its your money, you decide. you take the trade setup, the other guys who has their winning edge will take your money. learn not to contribute to the market's money and those traders who have their winning edge and take the market' money. read this report by Dr Van Tharp article
When I sit in front of the laptop,open mt4 then the screen pop up.
Then I will think,I must put the trigger.Then no more than 10 mins,I take many trades.Then lost
young guy do not have much patience than older.
  • #68,046
  • Apr 8, 2016 6:33am Apr 8, 2016 6:33am
Quoting emmanuel7788
{quote} 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...
Hi, Emm!

This is how I see it:

It is not a valid TMS entry, but it is a good PA entry. We have morning star, but I am sure you put more weight on the last 2 candles, rather than 3 candle formation, so we have a BUOB in that case. Not to mention round bottom forming. So good entry regarding PA, but not a TMS entry.
  • #68,047
  • Apr 8, 2016 7:02am Apr 8, 2016 7:02am
Everyday, i try to find the holy grail of trading successful, but ended up losing money. U guys are inspiring me, the holy grail is the most simple and basic method that everyone forgot. Now I want to start to learn the basic analysis (again) with TDI to enter the trade. Now i only focus on EU Daily and H4. Hopes everyone will assist me to get through this.

EU DAILY
- at resistance
- MC
- have higher low (buy trend?)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 76 KB


EU H4
- in consolidated
- should wait signal for buy when around the trendline?
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  • #68,048
  • Apr 8, 2016 8:02am Apr 8, 2016 8:02am
Quoting leonlee0116
Everyday, i try to find the holy grail of trading successful, but ended up losing money. U guys are inspiring me, the holy grail is the most simple and basic method that everyone forgot. Now I want to start to learn the basic analysis (again) with TDI to enter the trade. Now i only focus on EU Daily and H4. Hopes everyone will assist me to get through this. EU DAILY - at resistance - MC - have higher low (buy trend?) {image} EU H4 - in consolidated - should wait signal for buy when around the trendline? {image}
imo being a buyer is better
the cautious seldom err....C
  • #68,049
  • Apr 8, 2016 9:11am Apr 8, 2016 9:11am
Quoting emmanuel7788
Another example of a H4 setup, {image}
Hey Emm, looking at the charts, I see LHs and LLs. Long term trend is bearish, but the short term trend was bullish. There was a possible support level to the left. What other stuff would you have considered for risks to this trade?
  • #68,050
  • Apr 8, 2016 10:49am Apr 8, 2016 10:49am
Quoting emmanuel7788
{quote} Hi Mazibee, if you tell me what tools you need, then I can help provide them. I have a very large collection in my took box. Some useful, some not so useful for newbies. Tools save a lot of my time. Many of my tools make traders become lazy.... I am a lazy trader. regards,
Sorry to ask, but I tried to find it and could not =/
Where can I get those 'sheer' HA candles indicator, so I can see HA and also the 'real' bar?
  • #68,051
  • Apr 8, 2016 10:54am Apr 8, 2016 10:54am
Quoting emmanuel7788
Another example of a H4 setup, {image}
Maybe the risk in this trade is that the price may fail to break the current WRB resistance? (I'm considering that the big red bar to the left is the WRB, the price hasn't closed outside of its range ever since).

I'd still take the trade (if Daily or Weekly trends were bearish and had some momentum) and be very careful if price tested and failed to break out of that lower resistance again.
  • #68,052
  • Apr 8, 2016 11:45am Apr 8, 2016 11:45am
Quoting gdfaria
{quote} Sorry to ask, but I tried to find it and could not =/ Where can I get those 'sheer' HA candles indicator, so I can see HA and also the 'real' bar?
Gdfaria,

The indicator is the same. What you need to do is open properties (F8), select the common tab, and then check "Chart on foreground". This should overlay real price bars over the APB/HA which will allow you to read PA more accurately.

Best,
N
  • #68,053
  • Apr 8, 2016 12:15pm Apr 8, 2016 12:15pm
[quote][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.
/quote]
thanks emm.
  • #68,054
  • Apr 8, 2016 12:17pm Apr 8, 2016 12:17pm
​28.03.2016 until now. Trade only daily setups
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  • #68,055
  • Apr 8, 2016 3:06pm Apr 8, 2016 3:06pm
Quoting emmanuel7788
{quote} I keep that in mind the next time I go visit my sister in Toronto....
You will be most welcome !
Do look me up
Live life king size !
  • #68,056
  • Apr 8, 2016 3:44pm Apr 8, 2016 3:44pm
Quoting zMinga
​28.03.2016 until now. Trade only daily setups {image} {image}
Very nice .please post your position picture. Please tell about your tp and sl
  • #68,057
  • Apr 8, 2016 5:52pm Apr 8, 2016 5:52pm
Quoting catalin_eros
{quote} Hi, Emm! This is how I see it: It is not a valid TMS entry, but it is a good PA entry. We have morning star, but I am sure you put more weight on the last 2 candles, rather than 3 candle formation, so we have a BUOB in that case. Not to mention round bottom forming. So good entry regarding PA, but not a TMS entry.

Post#3142

Post#5

Post#6


Know these posts and putting into practice every day for 3 to 5 hours for 2 years will make the huge difference for newbies who wants to get out of that 95% loser group and retire wealthy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,058
  • Apr 8, 2016 6:23pm Apr 8, 2016 6:23pm
Quoting zMinga
​28.03.2016 until now. Trade only daily setups {image} {image}

Hi zMinga,

Thank you for sharing your trade results this week.

You are the No.23 TMS trader whom I know who are in the 5% winner group this week.

continue to remain focus and repeat the same what you did ... and with DISCIPLINE.

without DISCIPLINE there will be no CONSISTENCY.

schönes Wochenende
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,059
  • Apr 8, 2016 6:47pm Apr 8, 2016 6:47pm
Quoting mkfx
Hi 4 weeks from 18th March 2016 Results of M Entry system. Still doing some mistakes. And non availability of proper EA to open trades once ist trade closed (TP ) to open new trade in same direction. Only able to get 50 pips in a trade in a day instead of 100 or 150 in strong trend and setup is still valid. Missed lot of Pips on JPY strong trend. Only seeing chart once in a day Due to full time day job, how much time i am putting in trading results are very good. in 20 days near to 10% , out of 95% and in 5% for this 20 days cycle ( which i have...

Hi MK,

Your are No. 22 TMS trader in the group of 5. Well done

You are doing great and it shows you have understood the ME/ME concept well. I know that trading manually is very tiring but it is the way I learn for 2 years until I mastered that. With an expert advisor to manage those trades would certainly be much easier to trade with ME/ME. A lot of work has gone into making the expert advisor for this. But what I want every trader who wants to learn to trade with ME/ME when trading TMS 5-Method on the higher timeframe charts is to learn and fully understand this money management strategy. Practice with demo account and build up the experience, be active in discussions and sharing, then later on be able to contribute to further developments of the expert advisor to manage ME/ME trading.

Below is an example EURUSD to how I add a new trade after several trades taken profits with a pre-set TP above the average entry price.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD MEME shown on H1.png Size: 60 KB



Have a Nice Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,060
  • Apr 8, 2016 6:59pm Apr 8, 2016 6:59pm
Quoting leescofield
{quote} When I sit in front of the laptop,open mt4 then the screen pop up. Then I will think,I must put the trigger.Then no more than 10 mins,I take many trades.Then lost young guy do not have much patience than older.

thats what some traders do.
they keep pulling the sell trigger when they see price rising and do not have stop loss.
where do you place a stop loss when prices keep rising and rising.
they hope and they pray that price will reverse in their favour,
then they sell higher and sell higher, they pray more when they see their account margin keep dropping,
price goes higher, sell more ... then more praying and they prepare for margin call,
to prevent margin call, they quickly top up their tiny account with more money they can afford to lose.
these are some of the bullshit traders I see every day in FF.
once a gambler always a gambler. leopards do not change their spots.


every one can have patience, both the young and the old.
but wisdom comes with age.

Have a Good one.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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