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Trading Made Simple

  • #70,101
  • Jul 11, 2016 9:58pm Jul 11, 2016 9:58pm
GBPJPY Jul 12 trades closed.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week28 Jul 12 trades closed.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,102
  • Jul 11, 2016 10:11pm Jul 11, 2016 10:11pm
Hi Emmanual

Due to liquid I don't trade this time of day, from TMS Monitor H4 - snapshot taken moments ago. Appreciate if you can compare photo with yours to verify my settings are accurate?

Many thanks
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor 0800 H4.JPG Size: 78 KB
  • #70,103
  • Jul 11, 2016 10:28pm Jul 11, 2016 10:28pm
Quoting caah
Hi Emmanual Due to liquid I don't trade this time of day, from TMS Monitor H4 - snapshot taken moments ago. Appreciate if you can compare photo with yours to verify my settings are accurate? Many thanks {image}

Hi,

here is mine:

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor H4 July 12 GMT0525.png Size: 96 KB


with setup for AUDUSD H4.

Go to this post and download and install in your MT4.

Post#193
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,104
  • Jul 11, 2016 11:03pm Jul 11, 2016 11:03pm
Quoting emmanuel7788
{quote} Hi, here is mine: {image} with setup for AUDUSD H4. Go to this post and download and install in your MT4. Post#193

I would like to use this TMS monitor. Please, kindly post a link that will enable me to download it? Thanks.
  • #70,105
  • Jul 11, 2016 11:21pm Jul 11, 2016 11:21pm
Quoting piple
{quote} I would like to use this TMS monitor. Please, kindly post a link that will enable me to download it? Thanks.

just few posts above ...

http://www.forexfactory.com/showthre...82#post9023982
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,106
  • Jul 11, 2016 11:31pm Jul 11, 2016 11:31pm
Quoting emmanuel7788
GBPJPY Jul 12 trades closed. {image}

Hello Emmanuel:

May I know your Inital SL and final TP for this trade?



Happy trading,


Steven
  • #70,107
  • Jul 11, 2016 11:36pm Jul 11, 2016 11:36pm
Quoting mousteven
{quote} Hello Emmanuel: May I know your Inital SL and final TP for this trade? Happy trading, Steven

Hi,

Did not use initial SL for position sizing. Just use ADR-100 days as SL and calculate the lots size. Add ME with 25 pips retracement.

Worst case SL is the previous 2 Days low for all JPY trades today.

Set Minimum TP at 25pips, then follow the price as it move higher. Exit when TDI M15 reversal and re-enter.

regards,

Edit: add chart explanation
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week 28 Jul 12 trades seen in H1.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,108
  • Jul 11, 2016 11:41pm Jul 11, 2016 11:41pm
Quoting emmanuel7788
{quote} just few posts above ... http://www.forexfactory.com/showthre...82#post9023982



Thanks again Emmanuel!
  • #70,109
  • Jul 11, 2016 11:44pm Jul 11, 2016 11:44pm
Quoting emmanuel7788
{quote} Hi, Did not use initial Sl for position sizing. Just use ADR-100 days as SL and calculate the lots size. Add Me with 25 pipts retracement. Worst case SL is the previous 2 Days low for all JPY trades today. Set Minimum TP at 25pips, then follow the price as it move higher. Exit when TDI M15 reversal and re-enter. regards, Edit: add chart explanation {image}
Thank you for your fast response.
  • #70,110
  • Jul 11, 2016 11:47pm Jul 11, 2016 11:47pm
Quoting mousteven
{quote} Thank you for your fast response.

you are most welcome.

today I am on market watch duty so I have time to post...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,111
  • Jul 11, 2016 11:48pm Jul 11, 2016 11:48pm
Quoting piple
{quote} Thanks again Emmanuel!

you are welcome...
smoking is bad for health...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,112
  • Jul 11, 2016 11:54pm Jul 11, 2016 11:54pm
AUDUSD H4 Inside Bar consolidation breakout setup.

This is an example when you can enter during a APB#1 and not wait for the candle to close.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 28 Jul 12 H4 IB breakout setup.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,113
  • Jul 12, 2016 12:43am Jul 12, 2016 12:43am
Quoting emmanuel7788
AUDUSD H4 Inside Bar consolidation breakout setup. This is an example when you can enter during a APB#1 and not wait for the candle to close. {image}
Emm, again tks for suggesting how to use inside bar. It may be a rule of thum. But I appreciate being reminded!
  • #70,114
  • Jul 12, 2016 12:55am Jul 12, 2016 12:55am
Hi Emmanuel,

I am still struggling a bit with trade invalidation. I am short in GPBAUD with MEME a while; now I am not sure if to wait or consider the D1 TDI cross as invalidation. Usually I would wait since EMA5+2 has not been crossed, but there is BRN 1.70 as S/R...

Could you please give me your opinion? Thank you so much for being a great mentor to us all.


Attached Image (click to enlarge)
Click to Enlarge Name: GA D1.PNG Size: 17 KB
Best regards, blackfriday
  • #70,115
  • Jul 12, 2016 1:07am Jul 12, 2016 1:07am
Quoting blackfriday
Hi Emmanuel, I am still struggling a bit with trade invalidation. I am short in GPBAUD with MEME a while; now I am not sure if to wait or consider the D1 TDI cross as invalidation. Usually I would wait since EMA5+2 has not been crossed, but there is BRN 1.70 as S/R... Could you please give me your opinion? Thank you so much for being a great mentor to us all. {image}

Hi,

I did not trade this pair this week.

If today D1 candle close above 1.7310, that would be exit for all sell trades. Aussie is strong today and if this continues into NY session, then it will be safe.

Look at GBPCAD as example, yesterday closed candle was trade invalidation for all sell on D1 chart.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,116
  • Jul 12, 2016 2:01am Jul 12, 2016 2:01am
G'day guys. I've recently found this thread and commenced reading from post #1 (currently up to page 135). I'm also keeping up with the new posts as well.

What is MEME Money management? I've searched the forum for "MEME" with little info found. At a guess I'd say "Multiple Entry Multiple Exit"?
I'd really appreciate if someone could point me in the direction of the info relating to MEME so I can learn more.

Thanks in advance.
  • #70,117
  • Jul 12, 2016 4:01am Jul 12, 2016 4:01am
I'm trialling my first few trades using TMS and I love the simplicity.
I'm practising on a $200 demo account until i get the hang of it.

I've currently got a EURAUD trade based off the 4H. Good TDI angle, all time frames confirming direction. I am anticipating this trade should work out quite well.

Hopefully it's the start of a bunch of good trades....

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 79 KB
  • #70,118
  • Jul 12, 2016 4:18am Jul 12, 2016 4:18am
Quoting Jexodus
G'day guys. I've recently found this thread and commenced reading from post #1 (currently up to page 135). I'm also keeping up with the new posts as well. What is MEME Money management? I've searched the forum for "MEME" with little info found. At a guess I'd say "Multiple Entry Multiple Exit"? I'd really appreciate if someone could point me in the direction of the info relating to MEME so I can learn more. Thanks in advance.

this post would be one place to start:

http://www.forexfactory.com/showthre...62#post8982062
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,119
  • Jul 12, 2016 4:32am Jul 12, 2016 4:32am
Quoting emmanuel7788
{quote} this post would be one place to start: http://www.forexfactory.com/showthre...62#post8982062
Thank you so much. Exactly what I was trying to find.
  • #70,120
  • Jul 12, 2016 4:32am Jul 12, 2016 4:32am
Quoting emmanuel7788
GBPJPY Jul 12 trades closed. {image}

GBPJPY Jul 12 Trades closed. Total 509 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week 28 Jul 12 trades closed seen in H1.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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