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Trading Made Simple

  • #72,601
  • Oct 25, 2016 11:28am Oct 25, 2016 11:28am
Hi guys, I want to thank all of you for being so helpful, I really love the teamspirit in here

One of my first trades, please feel free to comment. Good entry? Bad entry? Did I better avoid because of something (like the stoch not being so favorable to buy)?

I went in but now the trade turned into a little loss and the "real price" is under the 5ema. I understood that I only need to see to the AH candles, but suppose if the AH candle goes below the 5ema, do I wait out the candle or sell in certain conditions immediately?

thanks!
bunne

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  • #72,602
  • Oct 25, 2016 11:44am Oct 25, 2016 11:44am
Quoting bunne
Hi guys, I want to thank all of you for being so helpful, I really love the teamspirit in here One of my first trades, please feel free to comment. Good entry? Bad entry? Did I better avoid because of something (like the stoch not being so favorable to buy)? I went in but now the trade turned into a little loss and the "real price" is under the 5ema. I understood that I only need to see to the AH candles, but suppose if the AH candle goes below the 5ema, do I wait out the candle or sell in certain conditions immediately? thanks! bunne {image}...
Remember that on this system the first thing you need to look is TDI cross (green red crossing, yellow and blue lines are not part of this system).
Your long entry is late as is not the 1 or 2 candle.
  • #72,603
  • Oct 25, 2016 11:59am Oct 25, 2016 11:59am
Quoting chino
{quote} Remember that on this system the first thing you need to look is TDI cross (green red crossing, yellow and blue lines are not part of this system). Your long entry is late as is not the 1 or 2 candle.
I have been reading the first posts several pages and there was a pdf saying RSI above red above yellow and RSI above 50 and then HA is crossed go long. The blue lines would indicate volatility (too small band-> do not trade).

I am just starting this strategy so thanks for understanding and maybe doing stupid stuff ;-)

please be my guide

bunne
  • #72,604
  • Oct 25, 2016 2:10pm Oct 25, 2016 2:10pm
Quoting bunne
{quote} I have been reading the first posts several pages and there was a pdf saying RSI above red above yellow and RSI above 50 and then HA is crossed go long. The blue lines would indicate volatility (too small band-> do not trade). I am just starting this strategy so thanks for understanding and maybe doing stupid stuff ;-) please be my guide bunne
Well you are using TDI, and the rules you have written (RSI above red above yellow and RSI above 50) are rules of entry but of Dean Malone the creator of the indi, but if you read the first pages you will see that TMS (not TDI) system is just red and green crossing (not touching remember this).
Remember also look all the basics on forex and keep practice.

i will like to help you but I'm just a newbie here too, been trying for 2 month with a 75% accuracy, but keep trying on demo till you get enough confidence on system that works for you , best of luck
  • #72,605
  • Oct 25, 2016 3:05pm Oct 25, 2016 3:05pm
Ok, thanks for your help.

I am already on my 7th losing trade with that strategy now so my confidence is already a little down hehe ;-)

Could you tell me where I can find the right templates for the strategy please?

I have lots of questions in my mind right now, maybe you can help me out?
I want to use the 4hr timeframe

1. I open when green crosses red and at same time 1st or 2nd candle crosses 5ema, but when its the 1st candle which crosses, it doesnt need to be finished?
2. I close a position whenever green (RSI) goes flat or bends over or hooks right? -> is that when a new candle spawns or can it be anytime during the running 4hr timeframe?

Lets start with those 2 questions already

greetz,
bunne
  • #72,606
  • Oct 25, 2016 3:32pm Oct 25, 2016 3:32pm
One simple system to trade is the trading with moving averages. Most times I trade intersection of the moving averages. One with a shorter period and one with a longer period.
  • #72,607
  • Edited 6:53pm Oct 25, 2016 5:55pm | Edited 6:53pm
Quoting griffinssoul
{quote} good trade'n catalin .......... just so noobs dont get confused we must say that this is not TMS <- look'n @ the TF u posted anyways ....... it shows completely wrong entry signals ......... i realize u r doing Emmanuel's ME/ME method [which is not Big E's strategy] ......... but if noobs see this they can get very very confused hope this helps {image}
Hi Griff

Right now we are ahead of Big E strategy. If big E is here now for sure he would update himself too. Big E considered TDI first before PA. But infact PA is first & TDI is second(because TDI is an indicator which is lagging).
ME/ME method is rather simple if we are trying to understand market moves in wave and if we can average the cycle - how many pips it will finish the correction(which is protect ourselves when we entry wrongly & often we add during correction). IF our first entry was right then we've got the jackpot but if we entered wrongly - results 1. loss all 5 lots(only 1%) 2. loss few pips or 3. win some small profit.
We are traders we are dealing with high probability so Jackpot and win some small profit is the winner.

So I consider ME/ME is one of the best method out there for us as traders(if we are trying to understand and implement the method) even newbies must understand market moves in wave or cycle and use that to benefit themselves as a plus. Not difficult at all to learn few more extra things but benefit is huge and they will also see market clearly & deeply.
And one extra thing they(newbies) will learn how to control their emotion and experience the loss during correction adding. So they will understand real FOREX not always win.....

Thank You Emmanuel for introducing ME/ME to us

Best regards,
  • #72,608
  • Oct 25, 2016 6:09pm Oct 25, 2016 6:09pm
Quoting emmanuel7788
AUDJPY Week 43 Oct 25 H4 trade. Do not trade when market is in consolidation. How can we tell when the market goes into consolidation? By looking at big candles and the TDI information. Wait for the breakout and look at the TDI for price momentum to support the breakout. {image}

AUDJPY H4 TMS SE/SE trade closed...+57pips

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SE/SE = Single Entry / Single Exit
ME/ME = Multiple Entries / Multiple Exits


Big E only traded with SE/SE using this 5-Method. He traded with multiple entries using his 21/233 Method.

other traders trade with SE/ME which is Single Entry / Multiple Exits (Scaling-Out)
and also ME/SE which is Multiple Entries / Single Exit (Scaling-In)

But I trade with Position Building plus ME/ME with this 5-Method.

It is your choice which Money Management strategy you use. It's your own choice because it is you hard-earned money you trade with.
Once you mastered trading with the 5-Method, you can do whatever you want so long it make money for you. Shared your success with others and help them become wealthy too like you. Stop living in the past. Move forward.

Money Management
Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 and Post#2912
Money Management Strategy for TMS: Post#48,008
Using Multiple-Lot Positions to Improve trading TMS: Post#33,507
Entry and Exits: Post#24,918 Post#18,422 Post#19,617
How to Build a Position: Post#19,588
Multiple Entries / Multiple Exits for Day chart trading: Post#58,726
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,609
  • Oct 25, 2016 6:28pm Oct 25, 2016 6:28pm
Quoting Sharpet
One simple system to trade is the trading with moving averages. Most times I trade intersection of the moving averages. One with a shorter period and one with a longer period.

this is exactly what we do here with this 5-Method by applying moving averages (periods 3 and 7) to the RSI data and only one moving average on the price data (5EMA,Typical price, Shift+3).... and make trading simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,610
  • Oct 25, 2016 6:31pm Oct 25, 2016 6:31pm
Quoting emmanuel7788
{quote} AUDJPY H4 TMS SE/SE trade closed...+57pips {image} SE/SE = Single Entry / Single Exit ME/ME = Multiple Entries / Multiple Exits Big E only traded with SE/SE using this 5-Method. He traded with multiple entries using his 21/233 Method. other traders trade with SE/ME which is Single Entry / Multiple Exits (Scaling-Out) and also ME/SE which is Multiple Entries / Single Exit (Scaling-In) But I trade with Position Building plus ME/ME with this 5-Method. It is your choice which Money Management strategy you use. It's your own choice because it...
Hi Emmanuel,

I took that trade( I knew it was going up to 80) but after I saw small candles so I took out the trade(no profit)

Best regards,
  • #72,611
  • Oct 25, 2016 6:35pm Oct 25, 2016 6:35pm
Quoting bunne
Ok, thanks for your help. I am already on my 7th losing trade with that strategy now so my confidence is already a little down hehe ;-) Could you tell me where I can find the right templates for the strategy please? I have lots of questions in my mind right now, maybe you can help me out? I want to use the 4hr timeframe 1. I open when green crosses red and at same time 1st or 2nd candle crosses 5ema, but when its the 1st candle which crosses, it doesnt need to be finished? 2. I close a position whenever green (RSI) goes flat or bends over or hooks...

why not post those 7 losing trades and I can share with you my 10,000 hours experience so that you can also develop those skills I have.
without trading skills you will depend on your luck which more often than not will abandon you when most needed.
trading is like in most sports, you need practice, practice, practice,... hours of Deep Practice because in sports competition you must reach peak performance at that right moment in order to win. Go ask any sport coach if luck plays any role in peak performance to win.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,612
  • Oct 25, 2016 6:43pm Oct 25, 2016 6:43pm
Quoting pete.alfa
{quote} Hi Emmanuel, I took that trade( I knew it was going up to 80) but after I saw small candles so I took out the trade(no profit) Best regards,

Hi,

very often the market play with the emotions of traders especially the fear and greed factors.
in order to win over the market, we need to work on our mental strategy a lot more than the trading method.

Big E knew how to 'cut losses short' using the TDI Red Green condition flat,hook back, etc. But he did not share on how to 'let profits run'.
What was his mental strategy in the way he traded with his 5-Method?

If he had changed and used the TDI-RT the realtime version, would he have changed his exit strategy?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,613
  • Oct 25, 2016 6:47pm Oct 25, 2016 6:47pm
Quoting emmanuel7788
Interesting to look at NZDCAD, AUDCAD and USDCAD. Short term 'correction' to fill orders and press on higher. So no selling yet with weak CAD.

AUDCAD Oct 25 SE/SE trade closed.
trade taken in H1 and with H4 view.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,614
  • Oct 25, 2016 6:51pm Oct 25, 2016 6:51pm
NZDCAD Oct 25 H1 SE/SE trade closed at Breakeven BE.

this one got away.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,615
  • Oct 25, 2016 7:08pm Oct 25, 2016 7:08pm
Quoting catalin_eros
{quote} Hi, Emm! I like how you spot every detail. I have a long way to sot everything like you, but I am getting there, slowly, but steadily. My AJ trade on H4 looks like this at the moment: {image} There should have been 3 positions, but I missed one. Manual trading... AC looks awesome at the moment: D1, Long, MEME: {image} Same trades, but different view (H1): {image} Viewing it on H1, I see that I missed a re-entry here on this pair as well. Again, manual trading...

Hi,

First comment, you should show the 5-Method setup trade setup on your Weekly chart first because when you show trades on H4, they do not look like 5-Method trade entries. This will not help those newbies who still have not develop the skill to look at multi-timeframe price action by just looking at one lower timeframe chart like H4.

When you show open trades on lower timeframe charts, you should also know where your average entry price is for all open trades basket/position. Knowing the average entry price and your stop loss level is very important to manage your risk while trading. Also important when we trade with ME/ME is to manage our trade drawdown to very low. I keep my DD below 5% as much as possible and also I have reason why I trade any 5 selected pairs at the same time. It is an integral part of my MM strategy.

I can see a lot more than most traders because I have developed my third eye for trading. Big E had 6,000 hours when he shared his 5-Method and 21/233 Method in 2010. Since he stopped posting in Oct 2011 , it has been 5 years and I moved on and have achieved 10,000 hours of live trading practice. With 10,000 hours , my third eye can see every detail on my charts very easily than most other traders.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,616
  • Oct 25, 2016 7:13pm Oct 25, 2016 7:13pm
USDCAD D1 chart continue to press higher.
Next BRN 1.3400 in sight...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,617
  • Oct 25, 2016 7:15pm Oct 25, 2016 7:15pm
Quoting Fbps
{quote} Hi Emm, how do you tell that D1 was the setup chart? My entry was on H1 TF and my analysis was based on that TF.

Did you see this post and chart on early Monday morning?

http://www.forexfactory.com/showthre...16#post9213716
'
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,618
  • Oct 25, 2016 7:23pm Oct 25, 2016 7:23pm
Today is mid-week.. Be prepared for a pro-USD market the rest of this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,619
  • Oct 25, 2016 7:40pm Oct 25, 2016 7:40pm
ups! I didn't see next news xD
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  • #72,620
  • Oct 25, 2016 8:15pm Oct 25, 2016 8:15pm
Quoting AlexoBrawler
ups! I didn't see next news xD {image}

trade the D1 chart and you don't worry with the news and how the market reacts to news.

GBPAUD ME/ME trades for this Oct month so far.... it's sell, sell, sell, ... sell only until ?
know when you have to cut some losses and know when to let your profits run.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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