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Trading Made Simple

  • #73,241
  • Nov 11, 2016 7:43pm Nov 11, 2016 7:43pm
Remember this folks.
Trading Made Simple is the 5-Method. This is simple and elegant way to trade the trend.
There is a trend in every timeframe chart you look at... from M1 to MN.
Trade that trend of that moment, or some prefer to call them 'mini-trends' in those very fast timeframes.

Attached Image


trade like the pros do but not like an artist

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Click to Enlarge Name: Market_trends.jpg Size: 99 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,242
  • Nov 11, 2016 7:45pm Nov 11, 2016 7:45pm
Quoting Daniel 777
Dear Traders, Just wanted to say a big thank you to all who help on this thread. I wanted to share with you the results I have had after nearly 3 months of trading TDI. The results are roughly this - 56% winners, 10% increase in account and a few thousand 'pips'. Thanks to all who encourage, challenge, ground in realism and post trades and answers to questions - well done ! I hope that you will feel that my success is a reflection on your successful teaching.... {image} {image}
Nice work Daniel.

you are in the right direction and on the road to wealth creation.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,243
  • Nov 12, 2016 3:52am Nov 12, 2016 3:52am
Quoting emmanuel7788
{quote} Nice work Daniel. you are in the right direction and on the road to wealth creation.
It will be a dream come true if I manage to crack this nut (after 7 years of hard work)!

And a big thank you Emmanuel for your constant direction and enormous patience helping so many here. I just wanted to share some further understanding that you and Griffinsoul has helped me with - and that is the principle of taking a higher timeframe condition (bullish) or signal and using the Lower time frame to get a better set up (in terms of risk and reward). A recent example happened for me on the GBP/JPY pair and it was your directions that helped me capitalise on a very profitable set up.

Inserted Video
  • #73,244
  • Nov 12, 2016 9:51pm Nov 12, 2016 9:51pm
USDCAD Week 46 Nov 14 to 18 Trade Plan.

Last week we saw UCad traded above 1.3462 and closed pull back from 1.3535, both are historical swing levels.

Trading next week following the Weekly as our Primary Trend and looking at H1, the price Action is nicely stack 10EMA above 50EM and above 200EMA, we look to buy as our preference trade direction and using the 5-Method's use of the 5EMA,Typical Price,Shift+3 as our direction we look for buy setups in both H1 and also H4.

Caution is we do not know what the market events next week i.e. the post-US elections events would be which can affect the market. There are a few red coded news on the FF calendar. Always pay attention to what goes on in the commodity market during the London session when we are trading the AUD,NZD and CAd pairs. I would be caution when I look at USDCAD D1 chart and if I see any bearish price bar /candlestick pattern or any bearish chart pattern on H1 or even M15.

Note the large 'daylight' on the H1 chart -
'daylight" = the space between the price action and the the EMAs and especially the space between the 10EMA/50EMA and 200EMAs, These are room for corrective moves or price pull back to any of the 50 EMA or 200EMA are possible.

Trade Well and Trade Safe, always use a Stop Loss and trade with Risk % and Position Sizing.
Attached File(s)
File Type: pdf USDCAD Week 46 Big Picture.pdf   218 KB | 736 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,245
  • Nov 12, 2016 10:01pm Nov 12, 2016 10:01pm
Quoting Daniel 777
{quote} It will be a dream come true if I manage to crack this nut (after 7 years of hard work)! And a big thank you Emmanuel for your constant direction and enormous patience helping so many here. I just wanted to share some further understanding that you and Griffinsoul has helped me with - and that is the principle of taking a higher timeframe condition (bullish) or signal and using the Lower time frame to get a better set up (in terms of risk and reward). A recent example happened for me on the GBP/JPY pair and it was your directions that helped...

Very good trade and excellent made video and narration.
Thank you for sharing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,246
  • Nov 13, 2016 1:39am Nov 13, 2016 1:39am
Great Big Picture Plan Emmanuel - thank you for sharing, it really is a gold mine of information and guidance

Trying to emulate Emmanuel's example , here is my Big Picture Plan for EUR/USD.

Inserted Video
  • #73,247
  • Nov 13, 2016 1:44am Nov 13, 2016 1:44am
An example of the TMS method alongside some key fundamental divergence which emerged last week from Aussies, and New Zealand central banks. Nothing complicated, just trading the obvious with TMS signalling the way . AUD/NZD trade on the Daily timeframe...

Inserted Video
  • #73,248
  • Nov 13, 2016 1:51am Nov 13, 2016 1:51am
Quoting Daniel 777
Great Big Picture Plan Emmanuel - thank you for sharing, it really is a gold mine of information and guidance Trying to emulate Emmanuel's example , here is my Big Picture Plan for EUR/USD. https://www.youtube.com/watch?v=zk2i7bq2kAA

which software do you use to make those videos?
I tried Camtasia by Techsmith.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,249
  • Nov 13, 2016 1:58am Nov 13, 2016 1:58am
Quoting emmanuel7788
{quote} which software do you use to make those videos? I tried Camtasia by Techsmith.
Quicktime player on the Mac....
  • #73,250
  • Nov 13, 2016 4:31am Nov 13, 2016 4:31am
Quoting emmanuel7788
USDCAD Week 46 Nov 14 to 18 Trade Plan. Last week we saw UCad traded above 1.3462 and closed pull back from 1.3535, both are historical swing levels. Trading next week following the Weekly as our Primary Trend and looking at H1, the price Action is nicely stack 10EMA above 50EM and above 200EMA, we look to buy as our preference trade direction and using the 5-Method's use of the 5EMA,Typical Price,Shift+3 as our direction we look for buy setups in both H1 and also H4. Caution is we do not know what the market events next week i.e. the post-US elections...
Thanks for sharing.

I also saw some good chance to short EU and EG, long GA/GC/GN/GJ. If i trade all these 5 pairs, i worried about the possible correlation among them. Can you provide some suggestion? if it were you, which pairs you would pick if all these 6 are good to go.

muyir
Trade your belief, trade like Emmanuel
  • #73,251
  • Nov 13, 2016 5:06am Nov 13, 2016 5:06am
Quoting muyir
{quote} Thanks for sharing. I also saw some good chance to short EU and EG, long GA/GC/GN/GJ. If i trade all these 5 pairs, i worried about the possible correlation among them. Can you provide some suggestion? if it were you, which pairs you would pick if all these 6 are good to go. muyir

Read Post#71,223
http://www.forexfactory.com/showthre...70#post9132070

I have 16 pairs in my watchlist and group them into 4 groups.
Pick the best one from each group and one more from the remaining.
this way, you have 5 pairs/basket to trade and with a win ratio of 60:40, you get 3 wins, and 2 losses or BE. You will get some losing trades but very seldom losing baskets. That is the way I build my positions in the market not just build position in one pair with 5xME/ME trades per basket, but using 5 pairs/baskets in the market at any one time. This is how you can grow an account with very small drawdown less than 10%.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,252
  • Nov 13, 2016 5:28am Nov 13, 2016 5:28am
This hot question I get in PM last week.

What is position building?


How to Build a Position

I don't have time to explain this over and over again. I know 73k posts is just too many to look for that 'needle in the haystack'.
So please go back to this post and read that pdf attached and also try understand that chart in that post.
http://www.forexfactory.com/showthre...86#post6953186
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY How to Build Position example.png Size: 191 KB

Position building is not about trading in small lot sizes. It is about getting into the market at the best average entry price with the same risk % you trade with. For example if your trade with 2% risk per currency pair, you can break down that 2% into smaller risk, like 0.2% each for every trade entry. This would mean you can have up to 10 entries with the same 2% maximum risk. You can enter at different price levels so that you can have several trades which will give your an overall better average entry price. In most cases the market will not retrace deep enough for you to utilize your full 2%, this is not the problem. You can always scale-in more trades as the price move in your favour.
I have posted many live trades with charts with explanation as I showed how to manage those Multiple Entries / Multiple Exits ME/ME trades using 4H and D1 charts trading. Just use the forum search with keyword "build a ppsition" , there are 72 posts to read.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,253
  • Nov 13, 2016 5:32am Nov 13, 2016 5:32am
about Multiple Entries / Multiple Exits
you can trade the H4 and D1 with ME/ME instead of trading Single Entry/Single Exit SE/SE like Big E used to.

read these posts:
http://www.forexfactory.com/showthre...44#post6957144
http://www.forexfactory.com/showthre...16#post8874916
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,254
  • Edited 3:15pm Nov 13, 2016 10:39am | Edited 3:15pm
Quoting emmanuel7788
USDCAD Week 46 Nov 14 to 18 Trade Plan. Last week we saw UCad traded above 1.3462 and closed pull back from 1.3535, both are historical swing levels. Trading next week following the Weekly as our Primary Trend and looking at H1, the price Action is nicely stack 10EMA above 50EM and above 200EMA, we look to buy as our preference trade direction and using the 5-Method's use of the 5EMA,Typical Price,Shift+3 as our direction we look for buy setups in both H1 and also H4. Caution is we do not know what the market events next week i.e. the post-US elections...

Thanks Emm for this learnful post! Trying to follow you and this is a huge learning curve for me. I have a problem with the minicharts when I tried to set up. I followed your previous posts to install it and I managed all the settings http://www.forexfactory.com/showthre...70#post8910070, all works however I can't make the TDI visible. I did enable TDI true but still no lines.
Edit: found it, renamed the indicator which minicharts is referring to in the settings

--------------------------------------------------------

I am reading a lot and getting used to the basics of the 5-method. I want to ask some questions regarding the charts in your example.

-> trade setup H4 in your example

1. Just a general question, only 5-method related: For entering that H4 trade (all requirements are met in H4), is it a prerequisite for you that also green crosses red in D1 (or has been crossed) ? Or is it enough to see a visual indication that D1 is turning (looking at the number of D1 bars, looking at historical bars and its turning points, size of bars in D1 getting smaller, green sloping up to red but not crossed yet,...)?

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2. Do we care a lot about W1 trend if we trade in H4 in your example, or only see that D1 trends are nicely bouncing up?

3. For 10MA and 50MA, do we use it formally in the 5-method? Or do we use them only for our "plan" to estimate potential support/resistance levels?

4. I used to be trading stocks, where 50MA and 200MA crosses were very bullish or bearish for the stock. Does this also apply for forex? Does 10MA crossing 50MA means something or are we just looking at it as potential bounce areas?

5. Do you sometimes wait for price to cross above 10MA even if all 5 TMS rules are met?

6. Suppose we are in a good trade and made some nice pips already but price is still running our direction. Is a bump to the 50MA a good indicator to close the trade (Partially take profits?) or is it better to stick with rules (green goes flat/hooks...)

I know this are beginner questions, and I really appreciate taking a look at my questions. I already apologize if I starting to hit your nerves ;-)


best regards,
bunne
  • #73,255
  • Nov 14, 2016 1:23am Nov 14, 2016 1:23am
Better Planning and Correlations In the Forex market
Attached File(s)
File Type: pdf Better Planning and Correlations In the Forex market.pdf   659 KB | 679 downloads
It's in fear when people show what they truly value.
  • #73,256
  • Nov 14, 2016 2:07am Nov 14, 2016 2:07am
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Great start of the trading week.

I wish all the more pips
Do not be afraid to make mistakes, be afraid to repeat them.
  • #73,257
  • Nov 14, 2016 3:45am Nov 14, 2016 3:45am
EU D1 trade, good tdi angle...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 48 KB


UJ D1 trade...
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Winners Never Quit, Quitters Never Win
  • #73,258
  • Nov 14, 2016 4:07am Nov 14, 2016 4:07am
Quoting hsn100
EU D1 trade, good tdi angle... {image} UJ D1 trade... {image}

nice trades. but how much further is it going to go ? it wont be wise to enter the trade now right as the candle may flip based on 3-8 candles recommended from big E.
  • #73,259
  • Nov 14, 2016 4:58am Nov 14, 2016 4:58am
Quoting schneider79
{quote} nice trades. but how much further is it going to go ? it wont be wise to enter the trade now right as the candle may flip based on 3-8 candles recommended from big E.
I agree that the entries are late on Daily charts ( probably they are on lower time frame in the direction of the daily and weekly)
the time to exit will show on the slope of the green line ( if that is your question).
regards
  • #73,260
  • Nov 14, 2016 5:03am Nov 14, 2016 5:03am
I wouldn't chase the market. It's stalling at 1.0800 a decent level of resistance.
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