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Trading Made Simple

  • #68,261
  • Apr 12, 2016 5:18pm Apr 12, 2016 5:18pm
Entered both trades on daily TF.

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  • #68,262
  • Apr 12, 2016 5:36pm Apr 12, 2016 5:36pm
Quoting chamane
Entered both trades on daily TF. {image}
Im in on the EURAUD as well, but the AUDUSD I've been waiting on because it's at some heavy resistance levels right now.
  • #68,263
  • Apr 12, 2016 5:42pm Apr 12, 2016 5:42pm
Quoting tibovwh
{quote} Hi Emm, I can certainly understand why you would expect a retracement after the big move down last week. Very bearish bar in my eyes. The retracement inside that WRB was good for some aggressive pips. But it's not entirely clear to me why you would remain long on this pair now, when we are near the high of this WRB on the D1? Best, {image}

Hi tibovwh,

I know from all your posts and PMs that you are well ahead of many Newbies here. I find that you have a very good thinking skills, you have good education background with wide ranging knowledge. You know how to use your knowledge in different circumstances. You are task oriented which is very important traits to have for successful traders. I see you are one of the few who has great potential to make it good in life and also become a successful investor and trader one day. This makes me happy that I am in a position to contribute in a small way to your life journey.

To answer your question, you are right based on what you see on the same chart that I have. That's technical analysis what we all see with that WRB and you are correct.
But what we do not see is the strong correlation between the various markets- equity, commodities, futures, forex, etc.. there money flow between these markets, what move the currency market is something most retail do not see. Books are written about it but it is still the everyday market sentiments which play a huge part how each currency pair moves.
But TMS traders are technical traders. We trade based on technicals we see on our charts. We are simple trend traders. There are many trend trading systems out there and many are proven to work well in trending market type. But many of these trend trading system will not work when market is narrow range sideways. Technical traders often talk about use of CONFLUENCE for example, the confluence of several commonly used support and resistance, they look for PA around the CONFLUENCE of S&R.
Some technical traders look for confluence of trade signals generated by different systems. When there are same trade signals from 3 systems, they will consider them as high probability trade signal.

To answer your question, yes there are bullish signals from different systems' signals for AU and AJ after last week closed. That WRB remains there, but the AUD buying is in demand and it will break any resistance in its way with strong buyers. The buying for AJ will hit 84.00 ~ 85.00 region what some analyst said. AU will make new MN high to 0.8000 another analyst said over the weekend. We shall see what our TMS day charts tell use day by day.

There is another approach in technical analysis which is complements TMS 5-Method approach. I will not discuss other technical analysis in this thread otherwise I will be distracting everyone from the core TMS 5-Method trading and to avoid that we have another uproar that I hijack this thread.

Trading retail spot forex is a very high risk business. Our job as traders is to mitigate the risks we see.

You take care, and trade well.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,264
  • Apr 12, 2016 8:05pm Apr 12, 2016 8:05pm
Quoting emmanuel7788
{quote} you mean my training charts, right? if these are helpful then I can post more often to explain the market in real time interactive mode. this is how we trade together in our live trading skype group.
can you share your Skype if ok?
  • #68,265
  • Apr 12, 2016 9:27pm Apr 12, 2016 9:27pm
Most of the AUD, CAD and NZD pairs have been trending pretty consistently. Do we look to trade any retracements, or do we use retracements to supplement more positions into the trend?
  • #68,266
  • Apr 12, 2016 10:11pm Apr 12, 2016 10:11pm
Quoting emmanuel7788
{quote} Hi TMS Folks, I need you help and if you can spare your precious time and read this Post#68,087 and give me your feedback. <quote> If members feel strongly that we need a new thread to provide continuation to this Trading Made Simple. Please post and share with me your ideas, suggestions and what do you expect from a new thread. What do you see as a vision to move this thread Trading Made Simple forward another 5 years. What contributions and role will you play in the new thread should I start a new thread. I look forward to your feedback....
It does not matter to me but I would think it's better to have your own thread where you can trade the way you think fit without conflict from other traders. If they don't like what's being posted by you they should kindly leave. I will read your posts no matter what...because simply it makes sense...There are so many traders in ff who are trading "the sure way to failure" and I really pity those who follow blindly..I am sure you know who they are and I wish to add you have my fullest support...I might just trade TMS in future
the cautious seldom err....C
  • #68,267
  • Apr 12, 2016 10:29pm Apr 12, 2016 10:29pm
Just my thots Emmanuel7788, would creating a new thread burn you out? It may mean that you hv to explain everything all over again. The advantage of having this current thread is,.. folks who are keen, should make an attempt to read from the beginning, get the background understanding, learn to trade and ask question. Having a brand new setup,..will be like spoon feeding traders , who may want a quick answer without spending time exploring previous pages. I have been on line in this thread since last week coz ' I am in the process of reading your input since page 1000. I am only up to page 1077. Whatever decision you hv decided,.. you hv me as a follower
  • #68,268
  • Apr 12, 2016 11:37pm Apr 12, 2016 11:37pm
Quoting jmmac
{quote} Emmanuel, that image is very good at exemplifying the ME/ME method, with the orders, entries, exits and balance. I have some questions: Do all orders have the same stop loss and if so where do you put it? Can you please elaborate a bit about why you open/close the positions where do it. I mean, why do it that way and not in a different way, I'm sure there are pros and cons. For example, why close all open positions as soon as there is a net profit of 1 position ans not let it run more. Or why not exit only 1 position at a time as the market...

Hi Jaime,

I owe you a reply here. Please wait till the weekend when I have more time.
Sorry.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,269
  • Apr 12, 2016 11:48pm Apr 12, 2016 11:48pm
EURAUD Week 15 Apr 13 Frankfurt Open FO.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,270
  • Apr 13, 2016 12:01am Apr 13, 2016 12:01am
Quoting pips29
{quote} It does not matter to me but I would think it's better to have your own thread where you can trade the way you think fit without conflict from other traders. If they don't like what's being posted by you they should kindly leave. I will read your posts no matter what...because simply it makes sense...There are so many traders in ff who are trading "the sure way to failure" and I really pity those who follow blindly..I am sure you know who they are and I wish to add you have my fullest support...I might just trade TMS in future

Thanks pips29.

here in FF we do have rookie trader who believe Bill William is a genius.
a rookie trader believes he can turn $5K to one $million in 5 years making 10% profit per month and by compounding that he can reach $950k in 5 years.
It is now in the 4th year and I am still waiting to learn the truth.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,271
  • Apr 13, 2016 12:03am Apr 13, 2016 12:03am
Quoting tomgu
{quote} can you share your Skype if ok?

Hi,

cannot add anyone to the group at the moment.
please wait till end of this month as I need to sort out a few things with the current group members.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,272
  • Apr 13, 2016 12:47am Apr 13, 2016 12:47am
Quoting emmanuel7788
{quote} Hi Jaime, I owe you a reply here. Please wait till the weekend when I have more time. Sorry. regards,
Sure, no problem. Thanks.
  • #68,273
  • Apr 13, 2016 1:06am Apr 13, 2016 1:06am
Quoting emmanuel7788
{quote} Hi TMS Folks, I need you help and if you can spare your precious time and read this Post#68,087 and give me your feedback. <quote> If members feel strongly that we need a new thread to provide continuation to this Trading Made Simple. Please post and share with me your ideas, suggestions and what do you expect from a new thread. What do you see as a vision to move this thread Trading Made Simple forward another 5 years. What contributions and role will you play in the new thread should I start a new thread. I look forward to your feedback....
Hi Emmanuel,

I agree with what pips29 and some others said above.

At times it feels that you don't have enough freedom in this thread to post whatever you believe is useful stuff - your own thread will solve that.


I envision your new thread as an open discussion pretty much as it's been here for the past year or so since I am on FF ... but I propose to also have a bit of organisation, i.e. have a few post at the beginning of the thread that will constantly aggregate stuff on different topics. For example we can have a post on coded stuff (indicators, scripts, maybe even a TMS trading panel), whenever someone posts a new piece of coded stuff we can include a link to it in that initial post ... another aggregated post can be on MEME or more generally on Entries/Exits, whenever we have a post that we believe a newbie will benefit from we can stick a link to it in that main post ... other topics that might require aggregator posts can be: BPP, Psychology, PA, Trade Management, Money Management, Position Sizing, Recommended Reading ... I know it's not an easy task to organise all these and there are also some limitations on FF (as I understand only the person who writes the posts will be able to edit that post), but the newbies will appreciate it ... we can try - I am thinking big

Not necessarily you do all these, you have a lot of followers - I am one of them - and we can take some of these organising responsibilities.

"What contributions and role will you play in the new thread should I start a new thread"
I am a coder (I do this for a living), new to MQL, but that does NOT scare me. I am happy to join other coders to make some tools for the community.
I've been a silent reader and most of the answers to my questions I tried to figure out myself by analysing the info in this thread. Now I am just a knowledge absorber and it makes me feel guilty sometimes - I want to contribute - I just need to find my way of doing it, as you found yours ... btw it's a complete joy having you here on FF. Thank you for your contribution!
  • #68,274
  • Apr 13, 2016 1:28am Apr 13, 2016 1:28am
Had nice GA trade yesterday
With TMS my acc growth +37% in 1,5 month, max floating DD 3,4%
Trade only H4 with D and W confirm
Thanks Big E and Emm
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  • #68,275
  • Apr 13, 2016 1:38am Apr 13, 2016 1:38am
Quoting makron
Had nice GA trade yesterday With TMS my acc growth +37% in 1,5 month, max floating DD 3,4% Trade only H4 with D and W confirm Thanks Big E and Emm {image} {image}
...one pic says more than thousand words ...
Good job
Guido
Risiko birgt immer auch die Chance.
  • #68,276
  • Apr 13, 2016 2:24am Apr 13, 2016 2:24am
Hi Emmanuel,
Thanks for continuing to post and helping everyone.

Some great posts by pips29, MDTrader and many others the last couple of days.

Whichever way you decide to go, there will be some of us ready to learn more from you!

"What contributions and role will you play in the new thread should I start a new thread"
Not sure what you will need as help but willing to help anyway I can.
I am a master in my own field and am sure it can be beneficial when in a group situation.

Once again, thanks for all your effort here!
  • #68,277
  • Apr 13, 2016 2:48am Apr 13, 2016 2:48am
My EN trade.. currently using demo working on ME/ME strategy!

Initial entry off 4h. Day confirmed it shortly after. Added positions off 1h!
Didn't get to add too many positions..went straight to tp in most cases.

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  • #68,278
  • Apr 13, 2016 3:33am Apr 13, 2016 3:33am
Quoting makron
Had nice GA trade yesterday With TMS my acc growth +37% in 1,5 month, max floating DD 3,4% Trade only H4 with D and W confirm Thanks Big E and Emm {image} {image}
Hey nice trade your doing really well when u look at the daily and weekly do u look at trends or apb colour
  • #68,279
  • Apr 13, 2016 4:04am Apr 13, 2016 4:04am
Red hot news in the next 2 to 3 hours...
lots of orders to be filled as usual....but we cannot see where they are.
if you believe in stop hunting, make a guess where the most volume of orders are.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,280
  • Apr 13, 2016 4:07am Apr 13, 2016 4:07am
Quoting makron
Had nice GA trade yesterday With TMS my acc growth +37% in 1,5 month, max floating DD 3,4% Trade only H4 with D and W confirm Thanks Big E and Emm {image} {image}

So nice...+37% Well done!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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