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Trading Made Simple

  • #71,501
  • Sep 27, 2016 5:00pm Sep 27, 2016 5:00pm
Hi emma. I would like to ask you about pairs and BPP.
I know that you works with 16 pairs. But you change a watchlist each week.
Quoting AlexoBrawler
{quote} I'm watching EURGBP, AUDUSD, USDJPY, USDCAD, EURJPY, GBPUSD, EURUSD and AUDJPY, following and trading in H4 the trend I see in D1. I'm not very good with supports and resistances but I tried to learn about that drawing lines where I think there are s/r... In the last days of this past week I recovery some pips following the simple, I'm not very confident trading agains the trend or in H1, H1 in fact stresses me a lil bit hehe... also I trade in D1... {quote} That's something I learn this week, sometimes (when I trade H1) I close the trade...
Quoting emmanuel7788
{quote} Hi AlexB, I have the same pairs in my watchlist. EURGBP is a special pair with its small trading range and biggest pip$value. About the use of support and resistance, I think this is an important topic for TMS traders as I received several PMs on this over the past weeks. To keep our charts clutter free and also consistent with what Big E taught us, we simply use the price Round Number as our price grids on our TMS trading charts. I no longer use the daily and weekly pivots because by looking at previous price action PPA and around the BRN...
Questions_1: Why have you these pairs? (for example: why do not you consider GBPCAD? )

I have 12 pairs and try to make a BPP for each pair. I read all your post and pdf about BPP.
Question-2: How many bars are you consider when you paint R/S levels on monthly and weekly charts?
Question -3(1+2): Maybe, do you consider those pairs where price is nearby R/S Level?
There is no reason to trade if there is no reason to trade.
  • #71,502
  • Sep 27, 2016 6:43pm Sep 27, 2016 6:43pm
Quoting mas131
Hello. I have read endless pages of this thread and tested the system for a long time and was profitable on demo. Took this trade today on a live account and lost. Can anyone tell me why? {image}
If you want to be selling against the trend sometimes you have to check out the timeframe smaller for best entries, (Big E did this as well), if you did this you would have seen that your entry was right on a 1H TDI cross (11.00 on the chart) with the current trend and against your position. You can still enter of course but you have to be mindful of 1H buyers going against your current 4H position.

Also if you had your stop above the 4H swing high you might still be in this.
(btw, I was considering been one of those 1H buyers right on that cross, I just could not get a good entry position, still learning like you. )
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_1h_chart_day_end_sep_27th.jpg Size: 86 KB
  • #71,503
  • Sep 27, 2016 8:06pm Sep 27, 2016 8:06pm
Quoting ItaTrader93
{quote} I wasn't wrong at all, what do you think? {image}
Tough day for M15 traders. It faded too soon within that H4 big candle which turn out to be a WRB and Master candle hours later.
The bigger TF H4 dictated the later part of the day.
Just managed to breakeven some trades and one small with profit of +42pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,504
  • Sep 27, 2016 8:32pm Sep 27, 2016 8:32pm
Quoting marionetka
Hi emma. I would like to ask you about pairs and BPP. I know that you works with 16 pairs. But you change a watchlist each week. {quote} {quote} Questions_1: Why have you these pairs? (for example: why do not you consider GBPCAD? ) I have 12 pairs and try to make a BPP for each pair. I read all your post and pdf about BPP. Question-2: How many bars are you consider when you paint R/S levels on monthly and weekly charts? Question -3(1+2): Maybe, do you consider those pairs where price is nearby R/S Level?
Hi ,

Maybe you misread my post reply above.

My watchlist has always 16 pairs and GBPCAD included.
Every week, after doing my BPP, I'll pick only 5 pairs from this watchlist to trade because I do not risk more than 10% of my trading capital every week.

For S/R levels, look at the most recent swing highs and swing lows on the MN and W1 chart timeframes. If the MN and W1 charts look choppy, then use the previous MN and W1 OHLC and their confluence with the price grids 00, 50 to look for TMs setups.

Look at GBPCAD chart below. The previous 2 months were small Doji like candles. I draw the MN S/R using the last swing low and then use the W1 swing highs and swing lows.
Now looking at the H4, you can see most of the TMS setups are around the price grids 00 and 50.
This week, the H4 PA is now back to the Close of June candle. The next setup will be near this level. .. BRN 1.7200
Zoom into H4 and you will see there was a PPA last week which the market reacted this week.
The ATR(52) W1 is ca 450pips.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 39 H4 MN W1 SRs.png Size: 73 KB



regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,505
  • Sep 27, 2016 8:36pm Sep 27, 2016 8:36pm
Quoting mas131
Hello. I have read endless pages of this thread and tested the system for a long time and was profitable on demo. Took this trade today on a live account and lost. Can anyone tell me why? {image}

Hi,

Don't let one losing trade affect your confidence in the method. Big E had 30% losing trades too even with his 6,000 hours trading experience.
Take the loss, and move on to the next trade.
We can be right.
We can be wrong.
But we should know that the Market is always right.
And when we are right and the Market is right, we should know how to 'let profits run'. This is what most traders do not know is when to do the right thing.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,506
  • Sep 28, 2016 2:15am Sep 28, 2016 2:15am
Quoting dnl
{quote} yup.. i have read Big E book, ill read the phx62 study tonight..
well done dnl ...... Phx62 was a phenomenal trader back in the day - every week he used 2 post is chart - we were all amazed @ his LO breakouts ...... TheScorpS has been do'n this style 4 some time now & IMO he is just as good now

wat i did is write all of Big E's main rules & put them on the wall so i see them EVERY trade ..... like this ....

1. Sell - Green cross red down .... etc
2. Buy .... etc
3. Never hold losing trade ..... etc
4. ...... etc
  • #71,507
  • Sep 28, 2016 2:29am Sep 28, 2016 2:29am
Quoting BluePill
This strategy seems good. Has someone ever shared a live trade explorer with consistent profitable results during at least 1 year of trading?
hey BluePill - welcome to TMS ....... good 2nd post on FF

Quote
Lastingwell is one of the best traders that I have ever met. I trust her 100% with my life & money. Their are only so many super traders in the world and she is among them. SnarlyJack
  • #71,508
  • Sep 28, 2016 6:23am Sep 28, 2016 6:23am
Hi everybody... I don't know if Im messed up my mind with a lot of wrong info or thinking a lot but... everytime this week I enter a trade it doesn't work well but if I checked the chart back in time when I found a set up it was good (few H4 periods back e.g.) same for D1 periods... please check this chart, tell me if any indicator is wrong or what, all charts have the same template...

Sinergy APB as candles
RN-Grid 50
MA 5/2/exponential (typical price HLC/3)
TDI (attached image)
Stoch (8,3,3)

thanks guys... I'll learn someday xD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB
Attached Image
  • #71,509
  • Sep 28, 2016 6:46am Sep 28, 2016 6:46am
Quoting AlexoBrawler
Hi everybody... I don't know if Im messed up my mind with a lot of wrong info or thinking a lot but... everytime this week I enter a trade it doesn't work well but if I checked the chart back in time when I found a set up it was good (few H4 periods back e.g.) same for D1 periods... please check this chart, tell me if any indicator is wrong or what, all charts have the same template... Sinergy APB as candles RN-Grid 50 MA 5/2/exponential (typical price HLC/3) TDI (attached image) Stoch (8,3,3) thanks guys... I'll learn someday xD {image} {image}...
Nothing wrong with chart or indicatores
Read #71 439 for MA http://www.forexfactory.com/showthre...95#post9163395
Please place a few wrong orders http://www.forexfactory.com/showthre...72#post9164372
  • #71,510
  • Sep 28, 2016 7:32am Sep 28, 2016 7:32am
Quoting griffinssoul
{quote} hey BluePill - welcome to TMS ....... good 2nd post on FF {quote}
Unfortunately snarlyjack hasn`t been here since more than a year and lastingwell sadly joined BIG E...
  • #71,511
  • Sep 28, 2016 7:34am Sep 28, 2016 7:34am
Quoting AlexoBrawler
Hi everybody... I don't know if Im messed up my mind with a lot of wrong info or thinking a lot but... everytime this week I enter a trade it doesn't work well but if I checked the chart back in time when I found a set up it was good (few H4 periods back e.g.) same for D1 periods... please check this chart, tell me if any indicator is wrong or what, all charts have the same template... Sinergy APB as candles RN-Grid 50 MA 5/2/exponential (typical price HLC/3) TDI (attached image) Stoch (8,3,3) thanks guys... I'll learn someday xD {image} {image}...
It is the repainting version. Try Synergy Pro or Real Time version.
Attached File(s)
File Type: ex4 Synergy_Pro_TDI.ex4   14 KB | 390 downloads
File Type: mq4 TDI_RT.mq4   9 KB | 423 downloads
  • #71,512
  • Sep 28, 2016 7:36am Sep 28, 2016 7:36am
Quoting Forex37
{quote} Unfortunately snarlyjack hasn`t been here since more than a year and lastingwell sadly joined BIG E...
u r right Forex37 - a big lose 4 us all ....... SJ supported us all & i learnt many tings from him - LW was the gr8est trader i have ever seen
  • #71,513
  • Sep 28, 2016 7:54am Sep 28, 2016 7:54am
Quoting emmanuel7788
EURAUD Week 37 Sep 12 to 16: We should be looking at market reaction when it reaches RN 1.4950 on H4 and BRN 1.5000 on D1 chart. I am on the buyers side for now until it reverses or maybe it will not reverse this week. I don't know now but I see buyers since last week. {image}
Hi, anyone know whats the name for the MTF indicator for PA and TDI in emmanuel7788's post?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 132 KB
  • #71,514
  • Sep 28, 2016 7:57am Sep 28, 2016 7:57am
Quote
Hi, anyone know whats the name for the MTF indicator for PA and TDI in emmanuel7788's post?
this's emu post
Attached File(s)
File Type: tpl !#_minicharts basic template.tpl   15 KB | 447 downloads
File Type: tpl !#_tms-w-mincharts.tpl   15 KB | 420 downloads
File Type: rar #VISUAL ORDERS_corr.rar   26 KB | 480 downloads
File Type: ex4 Magnified Symbol & TF on chart.ex4   12 KB | 412 downloads
File Type: ex4 pipware-charts.ex4   71 KB | 448 downloads
File Type: ex4 pipware-heiken-ashi.ex4   5 KB | 420 downloads
  • #71,515
  • Sep 28, 2016 8:19am Sep 28, 2016 8:19am
@Tekkies hehe thanks, starting now I will post as many charts as I can to correct my (lots) mistakes

@catalin_eros will test them, thanks
  • #71,516
  • Sep 28, 2016 2:47pm Sep 28, 2016 2:47pm
Quoting emmanuel7788
{quote} Hi , Maybe you misread my post reply above. My watchlist has always 16 pairs and GBPCAD included. Every week, after doing my BPP, I'll pick only 5 pairs from this watchlist to trade because I do not risk more than 10% of my trading capital every week. For S/R levels, look at the most recent swing highs and swing lows on the MN and W1 chart timeframes. If the MN and W1 charts look choppy, then use the previous MN and W1 OHLC and their confluence with the price grids 00, 50 to look for TMs setups. Look at GBPCAD chart below. The previous 2...
Patience required as the market consolidates around the BRN 1.7200 ahead of the OPEC meeting.
Do Not trade when near or in consolidation Big E rule Post#647.

Follow Rule#2

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 39 H1 MC breakout.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,517
  • Sep 28, 2016 5:07pm Sep 28, 2016 5:07pm
Hi Folks

Last evening i managed to secure ME x 3 trade on GN. Higher timeframes (M & W) not quite ready for extended move, however testing 40% ATR (52) possible.
Trade was placed using scripts by drop_3Lots_pending buy. TP1-25, TP2- 50, TP3- 82 near previous Resistance or just passed 40% ATR (52).

Set and forgot entry as i went out for evening. TP1 & 2 close by script, TP3 manually closed at previous swing high.
Attached Image (click to enlarge)
Click to Enlarge Name: GN- H4 swing 28-9-16 ME.JPG Size: 192 KB
  • #71,518
  • Sep 28, 2016 7:45pm Sep 28, 2016 7:45pm
just hit a SL of almost 100 pips with GU. This sucks because it drew down my account. (profits from last week all gone)

SL could have been just 50 pips. (i shifted SL to next resistance)

Must made it a point not to hold on to losses and hope for reversals.
  • #71,519
  • Sep 28, 2016 7:47pm Sep 28, 2016 7:47pm
Quoting catalin_eros
{quote} It is the repainting version. Try Synergy Pro or Real Time version. {file} {file}
Hi, can you please point me to posts that mention about the reasons that change settings from the original TDI of Big E?

Thanks
  • #71,520
  • Sep 28, 2016 8:13pm Sep 28, 2016 8:13pm
Quoting firsttimer
just hit a SL of almost 100 pips with GU. This sucks because it drew down my account. (profits from last week all gone) SL could have been just 50 pips. (i shifted SL to next resistance) Must made it a point not to hold on to losses and hope for reversals.

did you use Position Sizing?

if you did use Position Sizing, the SL of 100pips cannot cause any damage larger than your initial Risk %.

Drawdown must always by kept small in relation to your trading capital. Never more that the Risk % of each trade.

Post a chart showing where your entry and exit were. I can explain what you can do better in trade management.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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