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Trading Made Simple

  • #71,761
  • Oct 4, 2016 8:03am Oct 4, 2016 8:03am
Quoting emmanuel7788
{quote} {quote} hey Guys, there is time for this trade to develop. No worry to catch it now. wait in lower timeframe tomorrow and get in to the market. Remember what Big E said about D1 chart, the pullback can be 100 pips but we use the pullback to our advantage when we trade with %Risk and use Position Sizing. Then we can scale-in as the 'trend' continues, we 'let profits run' by using banked-in profits and sell more positions. This is how TMS traders learn to make their hard-earned money work harder for them and minimal drawdown. We do not let...
Sorry to hear that, may your friend rest in peace emmanuel

If AU turn out to have a D1 setup candle today or tomorrow i'm also looking for sell intraday on next days
  • #71,762
  • Oct 4, 2016 8:06am Oct 4, 2016 8:06am
Quoting emmanuel7788
What are TMS High Probability A+++ setups? high probability was discussed way back to 2011 in X-man H1 and H4 thread. there are 95 posts you can read if you want to learn what A+++ setup for TMS trading is. use FF forum search with keywords "high probability setup' or 'A+++ setups" {image}
Thanks Emm...yes I want to learn about high probability trade setup.
  • #71,763
  • Oct 4, 2016 8:07am Oct 4, 2016 8:07am
Quoting emmanuel7788
{quote} Hi Steven, it is good to pay attention to the D1 big candle we see as WRB. Don't worry about 50EMA, it is only use in BPP and trade planning. I am more interested to see what W1 will do at its 10EMA. Why 4HSwing with ME/ME. The answer is in post above this. D1 chart is 3rd candle , so we chase candle 4, 5 and 6.... in H4 for a weekly swing. ME/ME will help us get an average entry price with low risk using Position Sizing. regards,

Hi, Emm

Thanks Emm for the explanation you posted to Chino! It really helps.


Can you give a very very short answer on why we should consider 50EMA and 200EMA when doing BBP but when in the actually trading we can focus on 10EMA .

In my opinion the answer is because we are trading the HTF setup and H4 is the entry chart , therefore even we see 50EMA or 200EMA as obstacles on the way, that don't matter much because our analysis on the higher possibility setup is on HTF chart.

Is this correct?

regards,


Steven
  • #71,764
  • Oct 4, 2016 8:37am Oct 4, 2016 8:37am
Quoting nanacarter
Hi Everyone. According to Big E post, he only traded during the London and New York session because it has the highest liquidity( If i got it right) So lets say, i see a new set up( TDI crossing) during the Tokyo session or Sydney session, should I ignore it and close my pc and sleep? since its noted for having low liquidity? I am asking because, i can be behind my pc all day without initiating a single trade. All because, the trend has already started before i woke up. Finding a new set up during the London Session is a problem for me. I am new...
Nanacater adjust TMS trading time to suit your lifestyle. Your trading start when there is a TDI cross and it meets said rules. This have been discussed in lenth. Use search to find the relative posts. post #11, #270
  • #71,765
  • Oct 4, 2016 9:09am Oct 4, 2016 9:09am
Quoting Tekkies
{quote} Nanacater adjust TMS trading time to suit your lifestyle. Your trading start when there is a TDI cross and it meets said rules. This have been discussed in lenth. Use search to find the relative posts. post #11, #270
Thanks very much Tekkies, well noted
  • #71,766
  • Oct 4, 2016 9:16am Oct 4, 2016 9:16am
Quoting emmanuel7788
{quote} AUDUSD Week 40 Oct 4 H4: TMS H4 trade setup for sell. Anyone in the trade yet?
As a newbie, Yes, I am in this trade and already raking in the green pips.

Thnx Buddy
  • #71,767
  • Oct 4, 2016 10:47am Oct 4, 2016 10:47am
Quoting AlexoBrawler
??? {image}
 
What do u want to ask?
FXerha
  • #71,768
  • Oct 4, 2016 11:11am Oct 4, 2016 11:11am
Quoting FXerha
{quote} Â What do u want to ask?
There was nothing on news and EUR went crazy but I already see what happend... Was a prank xD
  • #71,769
  • Edited 12:18pm Oct 4, 2016 11:56am | Edited 12:18pm
Quoting Tekkies
{quote} Hi chino Agree with you and disagree with. For starters I do not know or remember what WRB means. Take the information what Emm has given. Compare, analyze, try to understand what is said and showed, where does it fit in with TMS. ...Is he talking about an ranging market When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo - What does he mean by high / lo = support / resistance or chandlers higher/higher, higher/low Am I in an uptrend or downtrend.....
Tekkies, for Big E and others traders that help to open this thread for everyone, they imply (not sure if is spell correctly) that everyone should know those points, support, resistance, etc,.. and if not they always refer you to babypips as those points shouldn't be part of the process of TMS, it should be like automated or already taken in count for the trade, so he didn't left out those things. for him you/me should already know about it.
And as i say to him, I'm not here to change his way of trading or even how he share his ideas, just that i have read a lot of Big E posts, on his threads, and the main thing he wanted for ppl when he share all this is to simplify "made it simple" and I think sometimes Emm (even i appreciate his insights, i already told him) he get more things on and confuse some ppl.
  • #71,770
  • Oct 4, 2016 12:22pm Oct 4, 2016 12:22pm
Quoting chino
{quote}if not they always refer you to babypips as those points shouldn't be part of the process of TMS, it should be like automated or already taken in count for the trade, so he didn't left out those things. for him you/me should already know about it..........
Chino a neat summary.

Wish #post 1 could have been update with reference to Babypips.
  • #71,771
  • Edited 1:23pm Oct 4, 2016 12:28pm | Edited 1:23pm
Quoting emmanuel7788
{quote} {quote} hey Guys, there is time for this trade to develop. No worry to catch it now. wait in lower timeframe tomorrow and get in to the market. Remember what Big E said about D1 chart, the pullback can be 100 pips but we use the pullback to our advantage when we trade with %Risk and use Position Sizing. Then we can scale-in as the 'trend' continues, we 'let profits run' by using banked-in profits and sell more positions. This is how TMS traders learn to make their hard-earned money work harder for them and minimal drawdown. We do not let...
Hi emm I am thinking to take the trade tomorrow hoping for a 50 percent retracement entry so as to avoid a large stop loss , thank you
  • #71,772
  • Oct 4, 2016 12:48pm Oct 4, 2016 12:48pm
AUDUSD H1 DEMO.
Still in the learning process. Will surely get there
closed: +30 pips

The candlestick draw downs scares me off. You will be in profit, then the next moment in losses.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDSUSD Demo.png Size: 38 KB
  • #71,773
  • Oct 4, 2016 4:28pm Oct 4, 2016 4:28pm
Quoting AlexoBrawler
{quote} There was nothing on news and EUR went crazy but I already see what happend... Was a prank xD
No prank. Traders have been looking for an expansion of range in E/U. So you can call this an intra day breakout of something expected in the market for a while (longterm) Hope that makes sense...

SO eur has gotten buyers which explains why pairs like eurjpy, eurnzd, euraud all went higher.

Look at euraud 15m or 5m Chart, what is price pinned on and does it show anything?
It's in fear when people show what they truly value.
  • #71,774
  • Oct 4, 2016 5:07pm Oct 4, 2016 5:07pm
Quoting emmanuel7788
{quote} Hi Steven, at your request, here is my Sep month closing trade results with D1 chart TMS trading with ME/ME. Week 35 to 39 (Sep 1 to 30) Winning trades : 250 Losing trades : 128 Total Win pips : 5,113 pips Average Win Pips : 45.4pips Average Win Amount: $137.85 Average Lot Size : 0.26 std. Average duration of trade : 41hours 48mins {image} How is your trading going so far? Not sure if you hook up with any small trading group yet, if you are keen to join a small group of traders in your area, let me know. I can facilitate that. regards,
Wow! that's what I call... keep it real ; )-

As always, thanks Em for sharing
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #71,775
  • Oct 4, 2016 5:29pm Oct 4, 2016 5:29pm
Quoting v2vboni
{quote} Wow! that's what I call... keep it real ; )- As always, thanks Em for sharing

Hi v2vboni,

Be careful of fake screenshots MT4 account statements which do not tell you the complete story. Don't say I did not warn you.

I have been following your activity in FF because I am also very interested in coding since my young days. I am 62 years old and still actively do some basic coding myself.
You are creative in your recent tools shared in FF. My suggestion is to start look into coding of order processing in MT4 or MT5. Once you know how the MT4/MT5 handle their trade orders, you can work on coding a trade manager to help traders manage Multiple Entries / Multiple Exits trading.
A ME/ME trade manager tool will certainly help traders semi-automate their TMS trade management a lot easier. A few other TMS traders are already working on their own ME/ME trade manager EAs. I will continue to support them in their development with my inputs and coding ideas from time to time.
Think about it.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,776
  • Oct 4, 2016 5:42pm Oct 4, 2016 5:42pm
Quoting emmanuel7788
A ME/ME trade manager tool will certainly help traders semi-automate their TMS trade management a lot easier.,
I have seen some really complicated ones, but I just use ForexSpeedUp. I don't need a multiple account tool. I just copy trades from one to the other. As a prop trader it is all my money, so no big deal. Of course if you really want to start from scratch you can. Up to you.
You cannot be extraordinary by being normal
  • #71,777
  • Oct 4, 2016 5:49pm Oct 4, 2016 5:49pm
AUDUSD TMS traders,

All of you who shorted AU last night made good money.

CONGRATULATIONS! Welldone...

remain calm and compose, do not be euphoric because of one win.
as traders, we must remain focus on our trading tasks.
wait for the trade to come to you. do not go out there hunting for trades.
make your hard-earned money work harder for you.
do not let your trading capital be locked-up in floating losses/drawdown. use your trading capital wisely.

Have another good trading day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,778
  • Edited 6:19pm Oct 4, 2016 5:55pm | Edited 6:19pm
Quoting dkrock
{quote} I have seen some really complicated ones, but I just use ForexSpeedUp. I don't need a multiple account tool. I just copy trades from one to the other. As a prop trader it is all my money, so no big deal. Of course if you really want to start from scratch you can. Up to you.
Hi,

Thanks for these. Good points taken.
Yes, I have seen a few complex trade managers with overload of features.
A buddy of mine worked on one back in 2010 and he got that refined over the years.
There are few keen coders and also new traders here and I hope they will learn from their own experience when they try their hands at coding mql4. While they are coding and testing in live market, the market will teach them a lot more.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,779
  • Oct 4, 2016 6:08pm Oct 4, 2016 6:08pm
Quoting emmanuel7788
{quote} EURGBP H4 update GMT0930. EG presses higher after the 3rd retracement into the H1 WRB. All the sellers at Pivot S61 are in drawdown now. Next level is R100 which is 50pips away from R61. No guarantee that it will reverse at R100 because the market is buying Euro and selling Gbp. {image} TMS traders must wait till we see sellers and that very important TMS sell setup.
EURGBP Update Oct 5 GMT 2200

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 40 H4 chart Oct 5 BRN 8800.png Size: 67 KB


EG shot up to where euro buyer want it go ...BRN. good 60pips after that WRB breakout. 60pips profit instead of 60pips DD with TMS rules in Post#647.

I like what strat always say: "When you are wrong, get out of your trades..." That's one discipline we as TMS traders must learn and follow.
Do not be 'married' to your trades for too long. Many traders tend to be 'married' to their recency bias and that blind them from what the market is really doing.

but in real life, marriage is very different thing:
one very wise man said: 'Marry the woman you love, then love that same woman you marry".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,780
  • Oct 4, 2016 6:19pm Oct 4, 2016 6:19pm
Quoting emmanuel7788
{quote} Hi, Thanks for these. Good points taken. Yes, I have seen a few complex trade managers with overload of features. A buddy of mine worked on one back in 2010 and he got that refined over the years. There are few keen coders and also new traders here and I hope they will learn from their own experience when they try their hands at coding mql4. While they are conig and testing in live market, the market will teach them a lot more. regards,
Here is the link and instructions from my thread. I just checked and it is still available and still free.
http://www.forexfactory.com/showthre...57#post8376657
You cannot be extraordinary by being normal
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