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Trading Made Simple

  • #72,721
  • Oct 27, 2016 6:40pm Oct 27, 2016 6:40pm
gm emu
can u share this level indi?
Attached Image
  • #72,722
  • Oct 27, 2016 6:48pm Oct 27, 2016 6:48pm
Quoting Daniel 777
EUR/NZD - Long from Daily Support. Entering staggered with longs at 1.5275, 1.5250. 1.5225. 1.5200. All comments welcome and thanks to all those who make this such a great thread to learn and grow in. {image}

I LIKE

when you build up a position when the market retraces by averaging-down with smaller risk trades, you must also think of scaling in (up-sizing) when the market run in your favour. Always have a maximum risk in your plan. I set my maximum risk to 2% of my trading account. Whatever the outcome , my risk is maximum 2%.
Between your initial entry price and the maximum risk 'R' level, you can have maximum 5 average down entries aka ME trades to build up to one full position of 2%..
Sound complex, maybe but once you have a grasp of this MM concept and practice it in live market trading you will learn how this will work. It took me 2 years of live trading practice and I have mastered how this work.

Note: Big E did not like trading the D1 chart because of the huge pull back after the initial entry. Those pull backs can be 100 to 150pips for some pairs and that would have caused huge damage to his large lots trading in one single entry. He did not not learn Position Building back then and he also did not use the %Risk model and Position Sizing when he was trading.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,723
  • Oct 27, 2016 6:52pm Oct 27, 2016 6:52pm
Quoting saranga
gm emu can u share this level indi? {image}
those RN and BRN levels :
BN Levels : Post#22,389 (also read post#49,341)

the violet lines are my own MN price swing levels from my Big Picture Plan .
I trade the 4H swing and D1 position trades from one MN swing level to the next level following the same 5-Method. Buy when PA is above the 5EMA, sell when PA is below the 5EMA. It plain and simple. the hard part is money management.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,724
  • Oct 27, 2016 6:57pm Oct 27, 2016 6:57pm
Quoting emmanuel7788
{quote} those RN and BRN levels : BN Levels : Post#22,389 (also read post#49,341) the violet lines are my own MN price swing levels from my Big Picture Plan . I trade the 4H swing and D1 position trades from one MN swing level to the next level following the same 5-Method. Buy when PA is above the 5EMA, sell when PA is below the 5EMA. It plain and simple. the hard part is money management.

Hello Emmaunuel.

Hard part is the money management. Does Big-E have any post on money management?
  • #72,725
  • Oct 27, 2016 7:01pm Oct 27, 2016 7:01pm
Quote
those RN and BRN levels :
BN Levels : Post#22,389 (also read post#49,341)

the violet lines are my own MN price swing levels from my Big Picture Plan .
I trade the 4H swing and D1 position trades from one MN swing level to the next level following the same 5-Method. Buy when PA is above the 5EMA, sell when PA is below the 5EMA. It plain and simple. the hard part is money management.
thank emu...................
  • #72,726
  • Edited 8:00pm Oct 27, 2016 7:15pm | Edited 8:00pm
Quoting Tanveer87
{quote} Hello Emmaunuel. Hard part is the money management. Does Big-E have any post on money management?
Hi,

To tell you the truth, I read his posts over and over again... more than 10 times over the past 6 years. I had not read anything where he specifically mention his money management strategy.
We all know that Big E was a retired person who ran his own business before he retired. Money to him was not the main draw factor why he wanted to trade the market. He traded the stock market before he decided to put his hands in this spot forex trading.
He would not risk 2% to 3% like most traders would do. His risk is 15% to 30% per trade with a trading account of $10,000. So you can imagine why his trade exit strategy is so quick when the price pull back 10 to 15 pips even on H4 trading. He did not give much room for the market to breathe because he traded with 2 to 4 standard lots at one time. Can you imagine the damage when the market pulls back 15 pips with 3 stardard lot trade? I would get out quick too.

these post shoudl shed some light:
http://www.forexfactory.com/showthre...34#post4580234
http://www.forexfactory.com/showthre...79#post4609879
http://www.forexfactory.com/showthre...60#post4609460

Best thing for you to do is to work on your own trading business plan and decide on your own money management strategy which you can use to trade this 5-Method.
You simply cannot trade TMS the way Big E did. People are confusing newbies that trade can be made simple and the 5-Method. TMS is just a name given to the 5-Method. Talk has become very very cheap and when hindsight trading is always perfect... you enter here and you exit here and make 50pips. LOL.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,727
  • Oct 27, 2016 7:59pm Oct 27, 2016 7:59pm
Quoting emmanuel7788
{quote} Where will UJ head to next? make a technical guess. Today we have US GDP data during NY session. Forecast is better GDP and the smart money will know this news before it get to the public domain. Do you think as retail traders we have any edge trading this spot forex market. {image} So what do we TMS traders do? Like Big E, he knew how to pick the best setups and he traded with very big risk. Is that Big E strategy or his style? Is Big E a gambler...
Hi Emmanuel

Pure PA it will pull back to some level ?. If price closes above 105 level then it will pull back first and moves to 107 after that.
Best regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 318 KB
  • #72,728
  • Oct 27, 2016 8:08pm Oct 27, 2016 8:08pm
Quoting pete.alfa
{quote} Hi Emmanuel Pure PA it will pull back to some level ?. If price closes above 105 level then it will pull back first and moves to 107 after that. Best regards, {image}
Hi,

anything can happen therefore we use %risk and have a stop loss. I remain on the buyers side for now.

today is US GDP data and next week Friday is NFP, between Monday Oct 30 and Friday Nov 4 next week, there is Bank of Japan rate policy statement and US FOMC.
a lot of happening and the big economies are all doing their balancing act as they know their 3Q GDP and as it approach the year-end.
Be prepared for some market volatility.

For me, I am going into my year-end vacation mood and doing my travel plans.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,729
  • Oct 27, 2016 9:48pm Oct 27, 2016 9:48pm
Hi All, I am quite new to FF. And this thread has caught my attention. Could I have a good place to start within this thread?

I realized at the start it was talking about TDI. but it seems to me that this thread has evolved quite abit.
A little help here for a new guy?

Thank you.
  • #72,730
  • Oct 27, 2016 9:58pm Oct 27, 2016 9:58pm
Quoting TalentTrader
Hi All, I am quite new to FF. And this thread has caught my attention. Could I have a good place to start within this thread? I realized at the start it was talking about TDI. but it seems to me that this thread has evolved quite abit. A little help here for a new guy? Thank you.
Hi
read this

http://www.forexfactory.com/showthre...14#post9184914
  • #72,731
  • Oct 27, 2016 10:18pm Oct 27, 2016 10:18pm
Quoting elDIABLO21
{quote} Where did you get TMS Indicators/EA ?
Right here http://www.forexfactory.com/showthread.php?t=303347
I have a Dream....
  • #72,732
  • Oct 28, 2016 1:21am Oct 28, 2016 1:21am
Quoting emmanuel7788
{quote} Where will UJ head to next? make a technical guess. Today we have US GDP data during NY session. Forecast is better GDP and the smart money will know this news before it get to the public domain. Do you think as retail traders we have any edge trading this spot forex market. {image} So what do we TMS traders do? Like Big E, he knew how to pick the best setups and he traded with very big risk. Is that Big E strategy or his style? Is Big E a gambler...
Hi Emm, what is RN and BRN? And for this USDJPY case, would you still place a LONG trade now while it is still going up but on the TMS 4hr, the green line is touching the red line now. I understand that if we were solely trading based on TMS, we should walk away from it right now. Would like to hear from you. Thanks!
  • #72,733
  • Oct 28, 2016 1:40am Oct 28, 2016 1:40am
Quoting schneider79
{quote} Hi Emm, what is RN and BRN? And for this USDJPY case, would you still place a LONG trade now while it is still going up but on the TMS 4hr, the green line is touching the red line now. I understand that if we were solely trading based on TMS, we should walk away from it right now. Would like to hear from you. Thanks!

RN = Round Number ... those .50 price levels like 104.50
BRN = Big Round Number ... those .00 levels like 105.00

we trade the 5-Method (read Post#261) which is also name Trading Made Simple aka TMS. There is no such thing as "solely trading based on TMS" that is all bullshit. we trade solely based on the 5-Method and before we take any TDI trade, we must have done some checks as in Post#647 as what we all learn from Big E.

USDJPY H1 5-Method trade example happening now at GMT 0635... live trading...

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 43 Oct 28 TOK_5H breakout trade.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,734
  • Oct 28, 2016 1:52am Oct 28, 2016 1:52am
Another setup that is happening now ...live

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 43 oct 28 H1 setup.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,735
  • Oct 28, 2016 1:55am Oct 28, 2016 1:55am
GBPUSD H1 Oct 28...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 43 Oct 28 H1 setup live.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,736
  • Oct 28, 2016 1:56am Oct 28, 2016 1:56am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_64.png Size: 50 KB
MA provides the market's current direction and strength.
  • #72,737
  • Oct 28, 2016 2:01am Oct 28, 2016 2:01am
Quoting emmanuel7788
{quote} RN = Round Number ... those .50 price levels like 104.50 BRN = Big Round Number ... those .00 levels like 105.00 we trade the 5-Method (read Post#261) which is also name Trading Made Simple aka TMS. There is no such thing as "solely trading based on TMS" that is all bullshit. we trade solely based on the 5-Method and before we take any TDI trade, we must have done some checks as in Post#647...
Perfect Emm!
Thats the perfect attachment with an excellent explanation!
Thanks!
  • #72,738
  • Oct 28, 2016 2:02am Oct 28, 2016 2:02am
Quoting emmanuel7788
Another setup that is happening now ...live {image}
Another set up just happened now?
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1.png Size: 46 KB
  • #72,739
  • Oct 28, 2016 2:06am Oct 28, 2016 2:06am
Quoting hasib
{image}

I use M5 to buy add-on entry...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,740
  • Oct 28, 2016 2:08am Oct 28, 2016 2:08am
Quoting okoso
{quote} Another set up just happened now? {image}

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