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Trading Made Simple

  • #72,201
  • Oct 12, 2016 6:08am Oct 12, 2016 6:08am
Quoting emmanuel7788
{quote} Hi okoso, I forgotten about this being busy this week with a new solar panle installation to add-on to my solar grid system at home. I let my TMS MEME trade manager do the trade management. Just check in to see and so far I banked in +139 pips. Current have 4 opens ME trades with average entry price at 1.56546, floating loss 2.5%. I started recovery with selling EURCAD yesterday to make up for the floating drawdown. Will see how it will trade tomorrow, worst case scenario I cut loss as according to my trade plan. No charts now, my Android...
Hi Emman,

i tried to follow MEME these days. I remember one rule is to control each basket's maximum loss under 2%. I saw your float loss 2.5% here, which i suppose it is for EN only. Does it mean that it is to control float loss plus banked in pips under 2%?

muyir
Trade your belief, trade like Emmanuel
  • #72,202
  • Oct 12, 2016 6:11am Oct 12, 2016 6:11am
Quoting emmanuel7788
{quote} no reason to chase after the 6th APB candle after the last reversal, right? but we discuss AUDJPY this morning so the H4 setup was there when TOK5H close.
hmm, "expect 3-8 bars", also explained "looking for last reversal bar".

Great staff, thanks.

But for AUDJPY, D1 TF is not in the same colour, would this be classified as a countertrend trade, remember you mentioned before counter trade need a plan B, can you please explain how to manage them?

Thanks again.
  • #72,203
  • Oct 12, 2016 8:28am Oct 12, 2016 8:28am
Quoting Fbps
{quote} Thanks Alexo
Hi Fbps! Pardon me, as i didn't see ur post in the first place as i was busy at home and wouldn't get online. Thnx
Winners Never Quit, Quitters Never Win
  • #72,204
  • Oct 12, 2016 8:30am Oct 12, 2016 8:30am
Quoting griffinssoul
{quote} superb trade'n hsn100 & catalin_eros & others ..... it hits ya hard when it all comes together & starts work'n like u cant b wrong [when Phx62 said this - i went - like no way really - how ] ..... its a cool ting..... Big E's method work on any ting ...... pairs ..... TFs ....... market behavior ...... here is example of EA H4 in range ..... here u can just take TP @ channel 4 simple TP ....... u will b wrong 1 time in all the up&down ....... {image}
Hi Griff,
You trade on H4 or H1 and 15 min too?
Dan
  • #72,205
  • Oct 12, 2016 8:34am Oct 12, 2016 8:34am
Quoting griffinssoul
{quote} superb trade'n hsn100 & catalin_eros & others ..... it hits ya hard when it all comes together & starts work'n like u cant b wrong [when Phx62 said this - i went - like no way really - how ] ..... its a cool ting..... Big E's method work on any ting ...... pairs ..... TFs ....... market behavior ...... here is example of EA H4 in range ..... here u can just take TP @ channel 4 simple TP ....... u will b wrong 1 time in all the up&down ....... {image}
Thnx a lot as i'm learning from you and other traders, this thread is not less than a great blessing indeed.
regards
Winners Never Quit, Quitters Never Win
  • #72,206
  • Oct 12, 2016 8:40am Oct 12, 2016 8:40am
Quoting griffinssoul
{quote} Jones is 1 of the gr8est traders in living history ..... he's da bomb homie ....... this quote is above his trade'n station ...... so he wont add to a losing position - as Big E said u you can always get back in or move 2 next trade - thats y i dont like recovery systems ........if u dont like your losing position - dont spend more of ur account on da trade ................. did a poo poo @ the start of week .... but came good in end {image} {image}
I've seeing your charts in the LK's thread, great postings. hoping to learn from u a lot.
Winners Never Quit, Quitters Never Win
  • #72,207
  • Oct 12, 2016 9:45am Oct 12, 2016 9:45am
Quoting griffinssoul
{quote} Jones is 1 of the gr8est traders in living history ..... he's da bomb homie ....... this quote is above his trade'n station ...... so he wont add to a losing position - as Big E said u you can always get back in or move 2 next trade - thats y i dont like recovery systems ........if u dont like your losing position - dont spend more of ur account on da trade ................. did a poo poo @ the start of week .... but came good in end {image} {image}
Will be great to see pure TMS traders like you and Dimi.A in here to help us in here to understand better. have read a lot of pages in here and Dimi is one to follow, you too

i will keep screen shots and sharing them here to see what are your thoughts on why it work or didnt if you don't mind. for now no trading for me till NFP get out
  • #72,208
  • Oct 12, 2016 10:29am Oct 12, 2016 10:29am
I decided to close my UC trade before reaching its TP. I want no surprises from FOMC tonight. H4, long, SE/SE, the guppies led the way, and the D1 showed the right way.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 87 KB
  • #72,209
  • Oct 12, 2016 1:29pm Oct 12, 2016 1:29pm
Quoting emmanuel7788
AUDJPY Oct 12 H1 breakout trade closed +25pips Looks easy but it is not so easy. You need to know what you are looking at on your trading charts and know what to look for as setups to trade. You must be prepared ahead in time or you will lose more than you win. This requires discipline every time you want to trade. {image}


Hi emmanuel where was your stop loss on this trade?
  • #72,210
  • Oct 12, 2016 1:52pm Oct 12, 2016 1:52pm
Quoting emmanuel7788
{quote} Here is what I saw with AUDJPY before Tokyo Open: Read Big E post#647 and interpret what he wrote in that post on the charts you trade. what he meant by: - 'big candles, small candles,' - is PA 'in consolidation or near a consolidation' - where are the recent supp/res? - look at the recent reversal candles, {image}

also by time you took your long price had already reacted somewhat to the third point of the trendline thus validating it.

I feel the trendline had some impact in how far price traveled as if we look at the past bounce on the trendline we can see a huge bounce

I shall keep an eye out in future for WRB's coming off support, and note if any inside bars or outside bars are present when price breaks out of the WRB range as this should add to it's likelyhood to win.

if going long and tdi is above the mbl it should increase chances to win as well.
Attached Image (click to enlarge)
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  • #72,211
  • Oct 12, 2016 4:52pm Oct 12, 2016 4:52pm
We discussed this in the group... and TP got hit. UJ, H4, long.
Attached Image (click to enlarge)
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  • #72,212
  • Oct 12, 2016 5:58pm Oct 12, 2016 5:58pm
Quoting emmanuel7788
{quote} it is in this post: http://www.forexfactory.com/showthre...68#post8753868 please read that TMS Monitor thread and you will learn how to use that nice tool correctly and to your benefit.
Been reading your stuff for a while..Emmanuel... GREAT Stuff Thks
  • #72,213
  • Oct 12, 2016 6:57pm Oct 12, 2016 6:57pm
Quoting danc
{quote} Been reading your stuff for a while..Emmanuel... GREAT Stuff Thks
hi Danc,

you're welcome.
hope that nice trading tool will be of good use in your trading.

Trade Well.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,214
  • Oct 12, 2016 7:09pm Oct 12, 2016 7:09pm
Quoting krismitt
{quote} Emm: As I understand it, the Monitor issues an initial Trade Recommendation based on the value of the C-Slope (against default of 4). I notice in this post that as part of your analysis you assess the P-Slope Values before heading off to the Charts. What exactly are you looking for here?. Is threshold /default same as for C-Slope? In another thread you noted "Just compare the P-Slope with the C-Slope to see how much the price momentum has changed". Same question; what exactly are you looking for here?. Much appreciated. Kind regards Kris...

Hi krismitt,

Yes, the default for the alert is C-Slope Threshold value 4. That can be changed to individual preference. I left that at value=4.

When I look at the P-Slope, I do this after a candle closed.

Example below for EURUSD D1 chart. I am trading this pair with tthat D1 IB setup so I knew the price action of the APB/HA candles was already below the 5EMA.
With yesterday D1 candle closed with a P-Slope=6, that is quite steep angle and I will look at my price chart to see whether I can trade this when today open.
I can possibly add-on new positions as this pair is trending with stronger USD this week.

What we can do today is to switch the TMS Monitor to H1 and look for possible sell in the lower TF like H1 or even M15 during the Euro/London session. wait for pull back in the lower TF H1.
When we are in the H1, we can compare the P-Slope and C-Slope of any of the H1 candles. Look for the TDI hook back/bounce using the P-Slope/C-Slope.

I am busy today, but if I can find time to keep track of this on the H1 I will post an example how I use the P-Slope/C-Slope.

regards,

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 13 TMS Monitor.png Size: 112 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,215
  • Oct 12, 2016 7:16pm Oct 12, 2016 7:16pm
AJ Tokyo open Oct 13,
looking for 'stop hunt'..and follow he money during the early morning Tokyo rush.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,216
  • Oct 12, 2016 7:22pm Oct 12, 2016 7:22pm
Quoting kain775
{quote} Hi emmanuel where was your stop loss on this trade?

Hi Kain,

My SL was at 77.635 -50pips.

Considering the R:R, some will say it is not good R:R when the 25pips profits with 50pips SL.

I was at monitoring the trades, if not I will use THV Cavemanager to manage my morning trades. If the Tokyo open pulls back to below the Sydney open candle low, I will cut loss on those trades. My SYD-2H trading rule.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,217
  • Oct 12, 2016 7:25pm Oct 12, 2016 7:25pm
Hi Sir Emman, newbie here, I'm lucky to find this system..slowly but surely I'am earning also..
I only have question base from your experience.. what is the best time frame to trade using this TMS?? Daily??I mean, you'll start entering position 1st day of the week then you'll leave it for the whole day?or you'll open this 2 days after your entry??sorry for the newbie questions..
  • #72,218
  • Oct 12, 2016 8:31pm Oct 12, 2016 8:31pm
Quoting emmanuel7788
{quote} Hi krismitt, Yes, the default for the alert is C-Slope Threshold value 4. That can be changed to individual preference. I left that at value=4. When I look at the P-Slope, I do this after a candle closed. Example below for EURUSD D1 chart. I am trading this pair with tthat D1 IB setup so I knew the price action of the APB/HA candles was already below the 5EMA. With yesterday D1 candle closed with a P-Slope=6, that is quite steep angle and I will look at my price chart to see whether I can trade this when today open. I can possibly add-on...


Thank you Emmanuel.

Trust you will be able to post an update later on.

Cheers.
  • #72,219
  • Oct 12, 2016 9:08pm Oct 12, 2016 9:08pm
Quoting emmanuel7788
{quote} Hi krismitt, Yes, the default for the alert is C-Slope Threshold value 4. That can be changed to individual preference. I left that at value=4. When I look at the P-Slope, I do this after a candle closed. Example below for EURUSD D1 chart. I am trading this pair with tthat D1 IB setup so I knew the price action of the APB/HA candles was already below the 5EMA. With yesterday D1 candle closed with a P-Slope=6, that is quite steep angle and I will look at my price chart to see whether I can trade this when today open. I can possibly add-on...
Thank you and very kind of you to share this Emmanuel. An excellent question posed by Krismitt as the topic is extremely useful for many of us. The TMS monitor is very handy and understanding how to use it properly is going to really help many of us to fully understand it and trade better. Look forward to seeing an example of how you use the p-slope/C-slope.

Thanks again.
  • #72,220
  • Oct 12, 2016 9:15pm Oct 12, 2016 9:15pm
Quoting griffinssoul
{quote} +1 ....... who wants Dimi.A 2 restart post'n here ...... Big E style ....... wave ur hands in the air & say hell-o yeah
I for 1 would love to see Dimi.A posting again. I love that guy and his no bullshit attitude!!!!
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