Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,102
- Sep 4, 2016 6:19am Sep 4, 2016 6:19am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
USDCAD Week 35 POMO
some traders were selling at BRN 1.3000 but TMS did not give a sell setup with the TDI showing a strong trend.
some traders were selling at BRN 1.3000 but TMS did not give a sell setup with the TDI showing a strong trend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,104
- Sep 4, 2016 6:25am Sep 4, 2016 6:25am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote} Thanks Emman. After I read more history threads and babypips, i understand PA is not science, while like mixure of science and art. Instead of focusing on subtle definition, i should focus on big picture which make an entry A+++ setup, like considering different factors together. muyir
trading is an art. .. but it is not referring to artist who paints because artist painters are emotional people who expresses their emotions with colours.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} Hi Folks, I promised my good friend that I will trade a $500 account with smallest 0.01 lot offered by my broker, leverage 1:50. here is the results closing my trades on Jul 15. Next week will be my challenge as usual to grow this account.Trade Well. {image}
Do you trade this 500$ acc? Is your friend happy?
- #71,106
- Sep 4, 2016 10:31pm Sep 4, 2016 10:31pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote} Hi, Emm! Do you trade this 500$ acc? Is your friend happy?
Hi Makron,
That is my own account to show that you can trade ME/ME with small lot 0.01lot size limited to trade only one currency pair.
Trading a $500 account is not the same as trading a $50,000 account. When trading a $50k account, I can allocate my balance to trade 5 pairs at the same time. This way, my chances of overall win is better even when I cut my losses in 2 baskets and have 3 baskets in profits.
But I know in some countries where the median annual income is rather low compared to those living in the US which has a median income of about $55k per annum.
For someone living in the US and trade with account of $5k and thinking of turning $5k into into one $million in 4~5 years, that is a dream. That rookie trader who started in 2012 had such a dream when he started. Today after 4 years, he realised that it is not possible because of his inconsistent trading style. He jumped from system to system in 4 years. He thought that by compounding his profits, it would help him reach his $one million. Today tis rookie trader learn that setting SMART target is important. Setting small target of 5% to 10% per 20 trading days is something achievable. Forget about high % win like 30 to 50 % per month. Think of trading an account the same size as your annual income. That would make a big difference in the trading psychology.
As to whether my friend is happy or not, that is for him to tell us. I know it had been very hard for him to trade consistently for few years. He had learned a few things from me and he has been working hard at looking at the best TMS setups to trade and at money management.
That $500 account closed last month in good profits.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,107
- Sep 5, 2016 12:33am Sep 5, 2016 12:33am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
NZDUSD Week 36 Sep 5 H1 trade:
Kiwi opens with gap down, the price gap down caused the TDI Green to slope down, then the next H1 price action close higher casued a very steep TDI Green slope upwards. Entry on the next H1 candle.
PA leads the TDI...
Kiwi opens with gap down, the price gap down caused the TDI Green to slope down, then the next H1 price action close higher casued a very steep TDI Green slope upwards. Entry on the next H1 candle.
PA leads the TDI...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,111
- Sep 5, 2016 9:57am Sep 5, 2016 9:57am
{quote} Hi, Emm! Do you trade this 500$ acc? Is your friend happy?
I m very happy to know that its possible to trade live with such a small real account and still increase it the way Emmanuell did. allthough it not so easy for me to do the same, but its "my problem".
BUT i m much more happy he called me his "friend"
thank you, and always thank you EMManuell
- #71,112
- Sep 5, 2016 6:56pm Sep 5, 2016 6:56pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
GBPJPY Week 35
market went sideways narrow range after Kuroda' speech yesterday. No big move yet.
But technically interesting to see triple inside bars which is quite rare. Mother Bar also Master Candle.
Too early to buy , too early to sell. Let the others place their orders and the smart money knows when it is time to fill all the orders.
TMS traders must be patient and wait for the setup to show up.
Have a Plan A and a Plan B. Worst case, also a Plan C.
Preserve trading capital is top priority.
Make good use of your trading capital and avoid floating losses which tie up your trading capital.
Make your hard-earned money work for you.
Read Post#647.
market went sideways narrow range after Kuroda' speech yesterday. No big move yet.
But technically interesting to see triple inside bars which is quite rare. Mother Bar also Master Candle.
Too early to buy , too early to sell. Let the others place their orders and the smart money knows when it is time to fill all the orders.
TMS traders must be patient and wait for the setup to show up.
Have a Plan A and a Plan B. Worst case, also a Plan C.
Preserve trading capital is top priority.
Make good use of your trading capital and avoid floating losses which tie up your trading capital.
Make your hard-earned money work for you.
Read Post#647.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,113
- Sep 5, 2016 7:05pm Sep 5, 2016 7:05pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,114
- Sep 5, 2016 7:44pm Sep 5, 2016 7:44pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
AUD rate annoucement today. No change as forecast.
AUD made breakout of the H1 Inside bar earlier but H4 face resistance which was previous support and BRN 1.0400
which side will you trade?
H1 Inside Bar breakout setup with TDI confirmation
AUD made breakout of the H1 Inside bar earlier but H4 face resistance which was previous support and BRN 1.0400
which side will you trade?
H1 Inside Bar breakout setup with TDI confirmation
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,115
- Sep 5, 2016 7:50pm Sep 5, 2016 7:50pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,116
- Sep 5, 2016 8:07pm Sep 5, 2016 8:07pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
How to trade the bullish Inside Bar setup with TMS?
Buy when price breaks above the Mother Bar of the Inside Bar and make sure you have the TDI Green above Red in your favour. You can also drop down one timeframe lower and look for a better price entry.
Three Powerful Forex Price Patterns which you can use as Price Action setups for TMS 5-Method.
Three powerful forex pattern pdf... Post#20,110
Buy when price breaks above the Mother Bar of the Inside Bar and make sure you have the TDI Green above Red in your favour. You can also drop down one timeframe lower and look for a better price entry.
Three Powerful Forex Price Patterns which you can use as Price Action setups for TMS 5-Method.
Three powerful forex pattern pdf... Post#20,110
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,117
- Sep 5, 2016 8:15pm Sep 5, 2016 8:15pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
How to trade the IB breakout using one timeframe lower?
Always remember that the High-Low of the IB' Mother Bar is support and resistance. Do not enter until that S&R is broken in lower timeframe.
Rule:
#1 importance is the Price Action
#2 is the TDI for confirmation.
Always check the - Price Action first, then - TDI Post#3142
Always remember that the High-Low of the IB' Mother Bar is support and resistance. Do not enter until that S&R is broken in lower timeframe.
Rule:
#1 importance is the Price Action
#2 is the TDI for confirmation.
Always check the - Price Action first, then - TDI Post#3142
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,118
- Sep 5, 2016 8:51pm Sep 5, 2016 8:51pm
Hi,
i came across this thread while looking around and have been excited with the continuation of the thread from the late Big E's great efforts. I have read dozens and dozens of the posts spent a few days back testing and found it very easy to grasp
Ive been trading for over 8yrs with no real overall success so recently changed to daily and 4hr charts where I find im a lot better with my discipline. I'm very familiar with Synergy system so TDI and APB or HA candles are not new to me I was trying to trade a 15min system that I couldn't continue with due to time constraints and discipline issues etc
Anyway just like to Thanks Emmanuel and the other contributors to this thread you are doing an amazing job.
I just took a screen shot of the current pips on my 2 accounts 4hr and Daily trades 
Cheers PackRat
i came across this thread while looking around and have been excited with the continuation of the thread from the late Big E's great efforts. I have read dozens and dozens of the posts spent a few days back testing and found it very easy to grasp
Ive been trading for over 8yrs with no real overall success so recently changed to daily and 4hr charts where I find im a lot better with my discipline. I'm very familiar with Synergy system so TDI and APB or HA candles are not new to me I was trying to trade a 15min system that I couldn't continue with due to time constraints and discipline issues etc
Anyway just like to Thanks Emmanuel and the other contributors to this thread you are doing an amazing job.
I just took a screen shot of the current pips on my 2 accounts 4hr and Daily trades
Cheers PackRat
- #71,119
- Sep 5, 2016 9:20pm Sep 5, 2016 9:20pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
AUDNZD target TP/
to answer one PM on where to take profit?
there are different options:
for 4H swing traders, there is the 52-weeks ATR which is 205pips. take 60% ad your first TP exit and trail the rest of your positions using Trail0by_Prev-candle low on H4 until you get stopped out.
If you measure from the Low of Monday and placed a line on 205pips above that, it will be 100% of the 52-weeks ATR.
potential resistance where we look at price action above current price now.
60% of 52-weeks ATr is near where the resistance is RN 1.0475
see chart below:
to answer one PM on where to take profit?
there are different options:
for 4H swing traders, there is the 52-weeks ATR which is 205pips. take 60% ad your first TP exit and trail the rest of your positions using Trail0by_Prev-candle low on H4 until you get stopped out.
If you measure from the Low of Monday and placed a line on 205pips above that, it will be 100% of the 52-weeks ATR.
potential resistance where we look at price action above current price now.
60% of 52-weeks ATr is near where the resistance is RN 1.0475
see chart below:
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,120
- Sep 5, 2016 9:30pm Sep 5, 2016 9:30pm
- Joined Nov 2008 | Status: Trader | 50,211 Posts
Hi, i came across this thread while looking around and have been excited with the continuation of the thread from the late Big E's great efforts. I have read dozens and dozens of the posts spent a few days back testing and found it very easy to grasp Ive been trading for over 8yrs with no real overall success so recently changed to daily and 4hr charts where I find im a lot better with my discipline. I'm very familiar with Synergy system so TDI and APB or HA candles are not new to me I was trying to trade a 15min system that I couldn't continue...
Hi PackRat,
Very good results.
TMS 5-Method is s simple trend trading method. And you know it needs DISCIPLINE to win and win big. Keep going this way and you will make some money.
Good Trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett