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Trading Made Simple

  • #72,521
  • Oct 23, 2016 9:59am Oct 23, 2016 9:59am
Quoting Tekkies
{quote} Hi Fbps Look like you are floundering. What is bemiddeling you?
Hi Tekkies, yes I am floundering and frustrated at myself. Been trading on and off for ~5 years and not getting anywhere to make profit. Even this thread "Trading Made Simple" is not so simple after all but I do agree that it's easier to understand reading through Big E notes compared to all those paid seminars out there.

It might be easier if there's trader's group where we can meet and asks all the questions to the seniors while trading live at the same time. When I asks too basic questions, I am pointed to read Big E posts. After I read Big E posts, I tried and tested a small trade and it didn't work out in profit. There's just so many gaps here and there that I still don't know or what I did was wrong in my trade.

Lost too much to give up...so will be sticking around for a bit and see how far I go with my trading.
I would have gotten a PhD by now with the amount of effort I put in all these years.
  • #72,522
  • Oct 23, 2016 12:15pm Oct 23, 2016 12:15pm
Quoting emmanuel7788
{quote} hi okoso, The D1 looks good for continue selling. We need to watch August MN Low to around 0.7050 for support in case we are still selling into that support. W1 I see no real risk so long as out trailing stop are in 'safe' region and we use %Risk with Position Sizing. H4, beware of market correction which can push up to between 0.7220 and 0.7270 region... 'hidden gem' regions. I have one open basket/position with average entry price 0.7159 and with some banked-in profits from the previous 2 weeks. Some will say I am trading with the 'house...
Hi Emmanuel,

For next week, I am planning to sell NZDUSD with ME/ME. This pair did retrace to the 'hidden gem' region you mentioned in the previous post and now I think it will go further down. I am looking to sell EURJPY and buy USDCAD with ME/ME as well.

Hope to see your comments.

Thank you,

Okoso
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  • #72,523
  • Oct 23, 2016 1:00pm Oct 23, 2016 1:00pm
Quoting Fbps
{quote} Hi Tekkies, yes I am floundering and frustrated at myself. Been trading on and off for ~5 years and not getting anywhere to make profit. Even this thread "Trading Made Simple" is not so simple after all but I do agree that it's easier to understand reading through Big E notes compared to all those paid seminars out there. It might be easier if there's trader's group where we can meet and asks all the questions to the seniors while trading live at the same time. When I asks too basic questions, I am pointed to read Big E posts. After I read...
Forex doesn't need to have complicated strategy. If you have strategy to catch trending market, better for it.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -45.5%
  • #72,524
  • Oct 23, 2016 1:51pm Oct 23, 2016 1:51pm
Quoting Fbps
{quote} Hi Tekkies, yes I am floundering and frustrated at myself. Been trading on and off for ~5 years and not getting anywhere to make profit. Even this thread "Trading Made Simple" is not so simple after all but I do agree that it's easier to understand reading through Big E notes compared to all those paid seminars out there. It might be easier if there's trader's group where we can meet and asks all the questions to the seniors while trading live at the same time. When I asks too basic questions, I am pointed to read Big E posts. After I read...
not sure if you have been doing this already Fbps but maybe you should post screen shots of the charts you are looking to trade and see what comments you get...
Trial and error learning... I'm no senior by I do profit over time by using the TMS technique and would be happy to thrown in my 2 cents worth if I'm online at the time.
All for one and one for all
  • #72,525
  • Oct 23, 2016 2:10pm Oct 23, 2016 2:10pm
Hello,

Week 42, I opened NZD USD Short . Only... My Buy NZD USD, open week 41 closed too early! My Error, too fast, not patient enough!
I opened EUR USD, short start week 42 , but preferred closed with the speech Dragui with small loss -0.02%

I can not open multiple ME / ME trades. I prefer at this time to open a single trade to be patient
I always take a risk of -0.5% for a position max . Few trade per week. Since two weeks the account = + 2% almost.
I close the trade before it touches the stop if I see that the trade does not start.
I only watch H4

Thank you for the elders of your help! You are incredible.

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Kisses all
  • #72,526
  • Oct 23, 2016 3:53pm Oct 23, 2016 3:53pm
[quote=emmanuel7788;9212169]{quote} you made good profits with this trade did you protect your remaining at BE at minimum. we shall see what the weekend gap will be like when NY opene on Sunday afternoon. I closed my last position 0.08680. we do not predict the market, we trade the sentiments of the market and TMS 5-Method will lead the way.
Thanks Emmanuel.

Yes, I am now at BE and I am just going to leave this trade at BE and see what happens. Will play it by ear and look at PASR as we go :-).
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  • #72,527
  • Oct 23, 2016 4:01pm Oct 23, 2016 4:01pm
Quoting emmanuel7788
{quote} what Big E said: feel free to use the yellow line if that give you more confidence... http://www.forexfactory.com/showthre...ow#post4666649 and don't be afraid to trade the Daily chart, ... http://www.forexfactory.com/showthre...id#post4666980 if you follow these, I am sure your trading will improve and you will increase your chances to become profitable sooner than many other traders.

Here is a trade I am taking on the Daily Chart with the Open on Sunday PM.

It is on the AUD/JPY Daily. We have a Red crossing Green on the Second APB candle. Price is below 200EMA, rejecting overhead Resistance at BRN 80 and red TDI line is pointing around 3pm. So, (big thank you Tekkies for your observation about the angle of the Red line a few posts back). Trading 1% of account short split into 5 positions... Taking 1st profit at 78.50.

All comments welcome :-)
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  • #72,528
  • Oct 23, 2016 4:31pm Oct 23, 2016 4:31pm
Quoting griffinssoul
{quote} Davit got me on2 the slower pairs ....... my trading kick'd up a gear from all i learned from him ......... have u tried Phx62's FO/LO breakout? {quote} first - if u c a cross then it 'repaints' u r not doing TMS Big E ..... the charts r easily refreshed {quote}
Hey, Grif!

No, I have not tried out Phx62's method. I would like to say some things about this, but I do not want to say them here. Too bad you do not have the PM option enabled.
  • #72,529
  • Oct 23, 2016 6:03pm Oct 23, 2016 6:03pm
Quoting Fbps
{quote} Hi Tekkies, yes I am floundering and frustrated at myself. Been trading on and off for ~5 years and not getting anywhere to make profit. Even this thread "Trading Made Simple" is not so simple after all but I do agree that it's easier to understand reading through Big E notes compared to all those paid seminars out there. It might be easier if there's trader's group where we can meet and asks all the questions to the seniors while trading live at the same time. When I asks too basic questions, I am pointed to read Big E posts. After I read...

Start this week you trade only D1 charts.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,530
  • Oct 23, 2016 6:45pm Oct 23, 2016 6:45pm
Quoting okoso
{quote} Hi Emmanuel, For next week, I am planning to sell NZDUSD with ME/ME. This pair did retrace to the 'hidden gem' region you mentioned in the previous post and now I think it will go further down. I am looking to sell EURJPY and buy USDCAD with ME/ME as well. Hope to see your comments. Thank you, Okoso {image}
Hi,

You have too many lines on your weekly chart. I would keep that very simple and clutter free by just looking at the Monthly swing levels.

That H4 push up to 0.7220 and 0.7270 'hidden gems' did happened. What made that happen?

The D1 trade sell setup was invalidated on Oct 17 close well before that major correction. We can see that with clean TMS charts and the 5EMA as our trade direction.

This week, we must again be careful as the as the H4 and D1 price action is in the price region 0.7130 and 0.7180 region which we must pay attention to the price movements. As usual there will be market noise in the lower timeframes this week and we cannot make out its direction.
When trading H4, keep it simple and look for 5-Method setups around the RN 00 and 50 levels. Each price swing is 3 to 8 H4 candles.

My mental strategy is always to be prepared and focus on my daily trading tasks, trade according to my trade plan and be prepared to cut some losses whenever the market proves me wrong. Keep drawdown minimal and and work on account recovery after each cut-loss basket.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,531
  • Oct 23, 2016 8:32pm Oct 23, 2016 8:32pm
Quoting 9jatrader
{quote} Forex doesn't need to have complicated strategy. If you have strategy to catch trending market, better for it.
How much more simpler does it need to become?

Post#261
<quote>
The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.

HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...
<unquote>

but to do what this Post#647 is not that simple.
<quote>

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

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...


<unquote>

you need the knowledge and experience to determine the short term trend and the long term trend,

you need the knowledge and experience to see the market consolidation,

seeing the previous highs and lows is not difficult,

but what do you do when you see big candles?

look at candles on the last reversal? which is the last reversal? what are big and little candles? can't that be more specific?

12-2 and 4-6 momentum - is this only about the TDI slope-angle 12-2 and 4-6? what about the price?

This 5-Method looks and sound simple, but hard truth is trading isn't that simple neither it is easy.

Trading with hindsight charts is too easy and fool most people to think that keep it simple will work.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,532
  • Oct 23, 2016 9:31pm Oct 23, 2016 9:31pm
Quoting emmanuel7788
{quote} Start this week you trade only D1 charts. {image}
Thank you, Emmanuel. Since I am also trying to learn the TMS system well, I will follow your advice on this so that I can learn the system the right way.
  • #72,533
  • Oct 23, 2016 9:56pm Oct 23, 2016 9:56pm
Quoting fxenthusiast
{quote} Are you attending?
YEP！I will go，and you？
  • #72,534
  • Oct 23, 2016 9:58pm Oct 23, 2016 9:58pm
Quoting B00bies
{quote} Yeah i will defenitely go. Didnt know about the Expo but will go now
GOGOGO，I would like to see some beauty girl,I will go during the weekend
  • #72,535
  • Oct 24, 2016 12:28am Oct 24, 2016 12:28am
A new trading week, and we have the 2nd H4 candle closed for this week.

I do not see any decent H4 trade opportunity with TDI cross or with a good Slope / angle.
Come back again in 4 hours, i.e. one hour after London open.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,536
  • Oct 24, 2016 1:40am Oct 24, 2016 1:40am
Good morning

Normally don't like to start trading until London opens but saw these two and initiated small positions...

Like the divergence too...
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All for one and one for all
  • #72,537
  • Oct 24, 2016 1:55am Oct 24, 2016 1:55am
Quoting cvgreen46
Good morning Normally don't like to start trading until London opens but saw these two and initiated small positions... Like the divergence too...{image} {image}
Also in on NZDUSD. It is having a hard time to move up. Hope green to pick up steam for a nice climb to about 0.72500
  • #72,538
  • Oct 24, 2016 2:17am Oct 24, 2016 2:17am
NZDJPY looks tatsy too
All for one and one for all
  • #72,539
  • Oct 24, 2016 2:52am Oct 24, 2016 2:52am
Hi all,

Did I enter to early here (buy AUDCHF @0.75827)? Should I have waited for the candle to close? (~2h left at the moment of opening the trade).

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What are your thoughts on this pair today?

Thank you!
  • #72,540
  • Edited 3:22am Oct 24, 2016 3:09am | Edited 3:22am
GBPUSD H1
78849571 2016.10.24 10:49:32 buy 1.00 gbpusdmicro 1.22369 1.22381 0.00000 2016.10.24 11:15:47 1.22382 0.00 0.00 0.00 1.80
Trailer stop was to tight. Only a small profit made
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