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Trading Made Simple

  • #69,661
  • Edited 8:41pm Jun 18, 2016 8:07pm | Edited 8:41pm
Quoting kain775
{quote} I wouldn't long just yet. Look on your daily chart, right where you have your smallest rectangle look left, GBP/USD is right on daily resistance. IMO there is a good chance it will go through it as the candle closed at it's high, but it's a bit premature to long on the daily just yet. I was in a buy trade for gbp/usd on h4 and took it upto this point which was also a H4 resistance
Hi kain
Good comment Kain nobody right or wrong we are dealing with high probability so anything can happen.
If it was last year I might take a short entry on H4 for a quick pips
But with ME/ME trading style - if I can recall there was someone asked Emmanuel ''don't you worry about fakey(false breakout)''
Emmanuel replied '' with average entries 5 lots in one basket would make BE, small lost or small profit fit but if it is not false breakout then you have got a big win"
My chart was BPP daily setup for next week trading that why I put a small square - to be caution.

Note: I will check this comment again it is very important to me.
Sorry for my English

Best regards,
  • #69,662
  • Jun 18, 2016 9:11pm Jun 18, 2016 9:11pm
Quoting emmanuel7788
{quote} Hi antonym Never apologise for bad english. Your written English is very good - correct grammar, correct spelling and vocabulary, perfect use of punctuation, etc. a lot better than my French. Sorry, I have been lazy today, sleep during the day because I stay up to watch Euro2016 matches. More big games tonight. I have made a few posts where I explain the buy zone and sell zone. This post may help. http://www.forexfactory.com/showthre...38#post8782438 Look at D1 chart only look back to the previous 2 to 3 months and...
Thank you Sir. I understand better now.

With the rebound on GBP and the brexit next week, I assume you have closed all the short position for GBPAUD, GBPUSD and GBPCAD due to trade invalidation, are you still going to hold the short position for GBPJPY?

Thank you.
  • #69,663
  • Jun 18, 2016 9:57pm Jun 18, 2016 9:57pm
Hi, Emma
You talked about the training group via Skype etc, nothing happened so far. Why not setup a skype group with a small amount of subscription fee for tuition. This way, better than teaching here all the time. It is vivid and come with some simple explanation, easy to understand all your philosophy and theory.

TMS is good, but still not simple. Heaps of time need to be taken to grasp it. Why not pay a tuition fee, like schooling to learn a skill?

Do you agree?
  • #69,664
  • Jun 19, 2016 1:14am Jun 19, 2016 1:14am
Quoting stevepatt
{quote} Hi Sesamstrasse; You don't actually have to have the TDI your chart to know what it's doing. The Green and Red lines on the TDI show the 2 Simple Moving Average/Close crossing the 7 Simple Moving Average/Close. The only reason for having it separate is to make the Average Price Bars more easily visible. The Market Base Line is a 34 Simple Moving Average, Buy when above Sell when below. The 13 RSI is used to show when the market is "Oversold" or "Overbought". Personally I get a better representation of what's[/highlight]...

Hi Stebepatt!

This is crazy! yeah 2SMA close, 7SMA close & 34 SMA close is almost TDI ............
and this is new knowledge and very new to me....
wow your superb experience and knowledge.
Thank to you for it, but the way, can you explain bit about what is highlight above .....

I understood... that the way you trade is.....when the price moving away from the all the three above moving average lines - eihter to up or down side... and but with the same side of the RSI moving .....am i understood right? or not


what do you do when they are in over sold or overbrought region - above 68 or below 32?
thx Step
imdi
  • #69,665
  • Edited 3:42am Jun 19, 2016 3:24am | Edited 3:42am
Quoting imdisaait
{quote} Hi Stebepatt! This is crazy! yeah 2SMA close, 7SMA close & 34 SMA close is almost TDI ............ and this is new knowledge and very new to me.... wow your superb experience and knowledge. Thank to you for it, but the way, can you explain bit about what is highlight above ..... I understood... that the way you trade is.....when the price moving away from the all the three above moving average lines - eihter to up or down side... and but with the same side of the RSI moving .....am i understood right? or not what do you do when they are...

what do you do when they are in over sold or overbought region - above 68 or below 32?

when the market is in strong trend, the oscillators like RSI, Stcohactics and the TDI are useless, because the oscillators works best in sideways market type, they can remain above or below its overbought or oversold regions;
1) above the overbought region and the price action continues to be bullish or
2) below the oversold region when the price action continues to be bearish.

when the Stochastic cross UP above 80-level and the TDI shows a cross up or hook up, with price action, it is Medhi's Method 1 for Buy.
when the Stcohastic cross Down below 20-level and the TDI shows a cross down or hook down, with price action, it is Medhi's Method 1 for Sell.

Medhi call that lower risk, why?
...becasue Big E's reversal entry on APB candles 1 and 1, are very aggressive and risky.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,666
  • Jun 19, 2016 3:51am Jun 19, 2016 3:51am
Quoting tomgu
Hi, Emma You talked about the training group via Skype etc, nothing happened so far. Why not setup a skype group with a small amount of subscription fee for tuition. This way, better than teaching here all the time. It is vivid and come with some simple explanation, easy to understand all your philosophy and theory. TMS is good, but still not simple. Heaps of time need to be taken to grasp it. Why not pay a tuition fee, like schooling to learn a skill? Do you agree?

Hi tomgu,

I do not have any intention to make money by giving tuition. I make my money from the market. To make money from newbies giving them trading lessons and charging them for it is an easy way to make some money. But that is not my personal style nor my ambition. I share my knowledge and experience for free. But the people here must be prepared and they must make the commitment to spend 2 to 5 hours everyday for next 2 to 3 years to learn, practice, and at the same time be part of a community of traders to help one another.

Like I said before, the Roadmap is ready but the people are not ready to receive and follow my Roadmap. When the people are ready, the skype group will be announced.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,667
  • Jun 19, 2016 10:01am Jun 19, 2016 10:01am
HI folks,

Another week with positive results. Unfortunatly, I got caught by the reversals on Friday and currently in pretty deep drawdown. Will try to manage this as good as possible next week. In hindsight, I had too much correlation with GBP in my portfolio.

Best of luck in the markets nxt week!

Regards,
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  • #69,668
  • Jun 19, 2016 12:48pm Jun 19, 2016 12:48pm
Quoting tibovwh
HI folks, Another week with positive results. Unfortunatly, I got caught by the reversals on Friday and currently in pretty deep drawdown. Will try to manage this as good as possible next week. In hindsight, I had too much correlation with GBP in my portfolio. Best of luck in the markets nxt week! Regards, {image}
Good Job 4% for the week is great IMO! I'm trying to fine tune my strategy while focusing on Daily and H4 timeframes. I am currently short GU as well which is losing at Friday close. I'm going to give it a day to reverse or I will probably manually close it.
Successful people do what unsuccessful people are not willing to do
  • #69,669
  • Jun 19, 2016 12:52pm Jun 19, 2016 12:52pm
Is there a ME/ME PDF floating around on this thread? I have read several of the posts which were helpful, however I am still confused on pip levels for ME trade entries.

I'm still fairly new with TMS but I am starting to add a second position to my trades with mostly positive results. In fact it has gotten me out of a few trades that would of been loses with SE.

Thanks
Successful people do what unsuccessful people are not willing to do
  • #69,670
  • Edited 7:48pm Jun 19, 2016 7:38pm | Edited 7:48pm
Quoting TampaFX
Is there a ME/ME PDF floating around on this thread? I have read several of the posts which were helpful, however I am still confused on pip levels for ME trade entries. I'm still fairly new with TMS but I am starting to add a second position to my trades with mostly positive results. In fact it has gotten me out of a few trades that would of been loses with SE. Thanks
I am doing Emmanuel important short notes(summery) at the moment. I think I will finish by tomorrow.
  • #69,671
  • Jun 19, 2016 8:29pm Jun 19, 2016 8:29pm
Quoting antonym
{quote} Thank you Sir. I understand better now. With the rebound on GBP and the brexit next week, I assume you have closed all the short position for GBPAUD, GBPUSD and GBPCAD due to trade invalidation, are you still going to hold the short position for GBPJPY? Thank you.

Hi antonym,

Sorry for this late reply. Yesterday was rather busy day with visitors over the weekend and watching Euro2016 games.

There were trade invalidation Day charts for the GBP pairs:
GBPAUD on 17 June closed.
GBPCAD on 16 June closed.
GBPNZD on 17 June closed.
GBPUSD on 17 June closed.
GBPJPY would be invalidated by today' close. In fact we should cut sell trades if any left open.

This week we should be careful with any short and medium terms trades on H4 and D1 charts.
Let the UK folks make their vote to stay in of get out. Then next week we shall see how the chart technicals will show us how to trade after Brexit referendum.

This week I just enjoy the games now that all my favourite teams have made it to the last 16, and by Wed 22 June, we will know the final 16 teams for the next round.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,672
  • Jun 19, 2016 8:33pm Jun 19, 2016 8:33pm
Quoting tibovwh
HI folks, Another week with positive results. Unfortunatly, I got caught by the reversals on Friday and currently in pretty deep drawdown. Will try to manage this as good as possible next week. In hindsight, I had too much correlation with GBP in my portfolio. Best of luck in the markets nxt week! Regards, {image}

Hi tibovwh,

which pairs and timeframe did you trade this week? I can post examples how the ME/ME work with basket management with breakeven, cutloss for small trades, etc.

you cannot have deep drawdown more than 10% when there is an exit strategy to close oldest trade and take small losses, and also when there cut loss rule in place. You can have some small losses but seldom losing baskets.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,673
  • Jun 19, 2016 8:46pm Jun 19, 2016 8:46pm
Quoting Vpa021
{quote} Every time I install pipware, my MT4 starts to work extremely slow and at times unresponsive. Emmanuel, can you tell me the best hardware requirements to make this work normally? I am also running 17 charts, but it only takes to install on one of the chart and boom, "MT4 is not responding"

Hi Vpa,

MT4 does not require a lot of CPU resources. Most of the CPU performance problems are caused by in efficient coding of custom indicators and expert advisors.
the common "MT4 is not responding" is caused by iCustoms call routine in indciators and when the called indicator(s) are either missing or has coding errors.

In the case of pipware charts using the TDI multi chart display, you need to have the correctly name TDI version you want to use.
See this posts and links:
http://www.forexfactory.com/showthre...50#post8352650
http://www.forexfactory.com/showthre...13#post7275813

Also for the Heiken Ashi display, if you want to use the Synergy APB instead of Heiken Ashi, you also must make use that you have a correct version and copy and rename that to 'Heiken Ashi'.

Do not load too many charts with pipware indicators and tools. 2 charts with the multi-chart is good enough and you can simpley drag and drop the symbol onto the chart window when you want to look at multi-chart view.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,674
  • Jun 19, 2016 8:48pm Jun 19, 2016 8:48pm
Quoting zackery
{quote} @emmanuel: Thanks a lot for your detailed Explanation. Sorry for the delay. I have a question about your question"Do you have a favourite volatility indicator to use?" Not at this time .Would you please give me a hint which one is best to use? Thanks. And 1 more from my side: Do you trade exclusively @ Support and Resistances -Levels or do you take trades between them at specific times? Thanks for your Input. Regards Zack

You can either use Starcs Band or Bollinger Bands.

http://www.investopedia.com/ask/answ...nger-bands.asp
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,675
  • Jun 19, 2016 9:26pm Jun 19, 2016 9:26pm
Quoting TampaFX
Is there a ME/ME PDF floating around on this thread? I have read several of the posts which were helpful, however I am still confused on pip levels for ME trade entries. I'm still fairly new with TMS but I am starting to add a second position to my trades with mostly positive results. In fact it has gotten me out of a few trades that would of been loses with SE. Thanks
You can check this post by emmanuel, posts 69165. This is the consolidated posts about ME/ME, and you can take notes for your reference.

http://www.forexfactory.com/showthre...14#post8941914
  • #69,676
  • Jun 19, 2016 10:44pm Jun 19, 2016 10:44pm
Quoting emmanuel7788
{quote} Hi tomgu, I do not have any intention to make money by giving tuition. I make my money from the market. To make money from newbies giving them trading lessons and charging them for it is an easy way to make some money. But that is not my personal style nor my ambition. I share my knowledge and experience for free. But the people here must be prepared and they must make the commitment to spend 2 to 5 hours everyday for next 2 to 3 years to learn, practice, and at the same time be part of a community of traders to help one another. Like I...
Hi Folks,It is very sad to learn that while THE ROAD MAP that can change our lives is ready but we as students are not ready. I believe we should be extremely lucky to be living at the same moment as our greatest mentor Emmanuel. To be honest, I myself am dying for the ROAD MAP to get started, sooner the better. Let's be prepared and commit ourselves 2-5 hours everyday for the next few years and be prepared to help each other as well which apparently what Big Emm is asking from us (very little). CAN WE DO IT? HONK HONK!
  • #69,677
  • Jun 20, 2016 12:41am Jun 20, 2016 12:41am
Good day to all,

I am a newbie. Trading for past 6 months with higher losses than wins. Yet I know there is a light around the corner in this tunnel.
By going through the posts I quickly realise I know so little and most the time a bit lost I must add.

Emmanuel ... I shall gladly put myself available as a student under your command and submit myself to you as a tutor and your teaching plan.
When one wants something so much, the best time for anything is now and will always stay in the now.

Please assist so I can start my journey

Many thanks in advance
  • #69,678
  • Jun 20, 2016 12:47am Jun 20, 2016 12:47am
Quoting TampaFX
{quote} Have you look through the posts? There are several members posting their trades and monthly statements.
Sorry i did not really look carefully. Thought it was a demo statement.
  • #69,679
  • Jun 20, 2016 3:21am Jun 20, 2016 3:21am
Quoting emmanuel7788
{quote} Hi tibovwh, which pairs and timeframe did you trade this week? I can post examples how the ME/ME work with basket management with breakeven, cutloss for small trades, etc. you cannot have deep drawdown more than 10% when there is an exit strategy to close oldest trade and take small losses, and also when there cut loss rule in place. You can have some small losses but seldom losing baskets. regards,
I traded D1 charts but opened an agressive USDCAD trade with a 4H grid also. My manager currently cannot BE individual trades (because the SL is the same for all entries), maybe smt I can work on this summer. I took some losses with oldest trades to allow another position to be opened but the biggest problem was not following the cut loss rule. Also lots of GBP.

Mainly positive results since April but this is the first week that I really got caught out bad. Anyway.. few more months to perfect what Im doing

Best,
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  • #69,680
  • Jun 20, 2016 6:44am Jun 20, 2016 6:44am
Quoting emmanuel7788
{quote} what do you do when they are in over sold or overbought region - above 68 or below 32? when the market is in strong trend, the oscillators like RSI, Stcohactics and the TDI are useless, because the oscillators works best in sideways market type, they can remain above or below its overbought or oversold regions; 1) above the overbought region and the price action continues to be bullish or 2) below the oversold region when the price action continues to be bearish. when the Stochastic cross UP above 80-level and the TDI shows a cross up or...

thx a lot emma!
rgds
imdi
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