Trading Made Simple

Quoting emmanuel7788

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{quote} You are right that Big E did not use divergence and he did mention that. He kept his trading to the simplest possible using PA, Supp/Res and the TDI for entry and exits. You can use the RSI and look for divergence and also some very effective ways in how traders use the RSI. I prefer to use MACD divergence which I traded for a few years. I find that much simpler to see the humps of the MACD. Divergence do work but you need to know it well and apply that theory correctly on our trading charts. I see many charts posted with TDI divergence...

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Quoting emmanuel7788

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{quote} This was introduce because many members asked me this because they trade with very small trading accounts as small as $500 dollars and the smallest possible lots size is 0.01lot. They don't look at R:R using $500 account. They can make $200 or they can lose $200 anytime. This is what they know and have accepted. but if you have large trading account, you can use the hard SL of 550pips and do position sizing for every individual ME trade. This is the better way which I use. you can add up all max 5 ME trades and then make a variable trade...

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Quoting emmanuel7788

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GBPUSD Week 24 FOMC trade with ME/ME Weekly ATR(52) = 295 pips ADR(100) days = 144 pips, (use as SL for ME lot size calculation). ME trade distance 75pips, ME take profit +75pips plus re-entry Risk 0.2% per ME trade. Maximum 5 ME trades, total risk 1%. {image} If FOMC reaction is spike up, then I have ME add-on trades. If FOMC reaction is down, I take profit every 75pips plus re-entry.

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Quoting emmanuel7788

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{quote} XAUUSD D1 update June 15: A bit of struggle with H1 intraday but it finally make a push up after London session closed. Today will be another challenging day with FOMC in the NY session. Technically, there will recent short term resistance and will reuire strong buying support to close higher. But FOMC can cause volatility and that can be in either direction. Tighten stops below yesterdays' low as most EOD traders would do. This also mean spike down is highly likely. We shall see the FOMC action today. {image} Trade Well

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Quoting antonym

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{quote} Sir, is there any reason that you did not open the first GBPUSD ME trade on Monday? Thank you.

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Quoting inforserve

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{quote} Thanks Emmanuel. I lost confidence H1 setup but I will try when I come across H4 WRB. Talking about winning edge that is million dollar question. I think winning edge for me right now to get confidence on TMS with PASR. I only can practice and practice.

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Quoting 95bcwh

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{quote} Hello Emmanuel, could you show me a few links where I can start to read up and understand concept of ME and the way you trade it? Thanks a million!! Ben

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Quoting emmanuel7788

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{quote} Hi Ben, start with these links: Entry and Exits: Post#24,918 Post#18,422 Post#19,617 Multiple Entries / Multiple Exits for Day chart trading: Post#58,726 How to Build a Position: Post#19,588...

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Quoting jeff90

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thIS IS gbpusd. Was it a good trade?H1 tdi crosses. D1 was a downtrend. SL at BRN {image}

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Quoting emmanuel7788

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{quote} you are using the Synergy trading model template. the trading rules for this method are different. TMS 5-Method by Big E is aggressive entry using APB#1 and 2 candles on reversals . The Synergy method entry is when the APB closes above or below the PAC. Big E said that is conservative. You decide, its your hard earned money which you are trading with.

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Quoting jeff90

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{quote} Hi emm,What tradin method are you using? Which template shld i use ? Have been stopping for a while. Im currently working full time. What kind of tradin method you would suggest. Gmt 8:00 here.

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Quoting pete.alfa

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went back to work after long weekend. Re-entered again 1293 BO double WRB(with TDI hooked up) SL 2days look back - target 1303 hoping for big run 1330. This time I will let ME/ME do their job. ''June 13 close at 1283 ... is that S&R magic or what? we all know that there is no holy grail trading system. are there secrets about S&R?'' If we follow Emmanuel advice closely - it is 99% Holy grail ''but I trade Gold in the same way I trade stocks. I need to see real Volume. to break resistance, I want to see buying volume.'' So do you look at...

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Quoting emmanuel7788

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{quote} Hi, in my watchlist 16 pairs , there were better choices (setups and trading range) - GBPJPY and GBPAUD. Also their market type for 'let profit run' is far better. regards,

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Quoting emmanuel7788

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{quote} Hi, its GMT00:35 now worldwide. you are in Singapore, so that is 8:35am your local time. Tokyo open at 8:00am SG time, Tokyo 9:00am. I am a trend following trader and I use this TMS 5-Method as my core trading method for Intraday H1 trading, for 4H Swing trading and Position trading on Day charts. You see my chart template in all my recent posts. regards,

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Quoting emmanuel7788

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{quote} XAUUSD June 16 update: Day traders must be happy with FOMC as there was no spike down. Instead, the H1 close above 1293 before it pulled back a little and the D1 close below 1293.00 Trailing stop loss continues to follow the previous Day low until we get stopped out. We shall see a new June high and a new high for 2016....... just a matter of time. Above 1293 is huge empty space to roam...but there are short term resistance. Can you spot them? {image}

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