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Trading Made Simple

  • #74,281
  • Dec 29, 2016 9:29pm Dec 29, 2016 9:29pm
Quoting emmanuel7788
{quote} Thank you very much emmanuel7788 Could you give us real time TDI indicator, the one you used in the live trading ?
Read and follow this Post#74,139, you will learn about the TDI and find the realtime version.[/quote]

Thank you emmanuel7788. You are doing a great job here
  • #74,282
  • Dec 29, 2016 9:41pm Dec 29, 2016 9:41pm
Quoting Nik-Nyc
{quote} It is certainly possible, and it becomes more realistic after a serious amount of time spent trading. The great news is you can be wildly profitable with a much lower win rate. It's all about Money & Trade management, and as you have read before: keep your loses small, and let your winners run. To me, that means having the discipline to keep each lose a 1R maximum, and letting my winners run until the market gives me a reason to close the trade; could be a profit of 1R, 3R, 10R, 40R, or 0.25R. Money and Trade Management have a great impact...
Quoting Sanbernardin
{quote} Dear Nik-Nyc, thank you for your very helpful support. I think this method, if applied correctly, can really make your balance positive! I also noticed when you have a loss, most of the time it is a small one. Do you think 80% of winning rate can be a realistic target?

I don't think 80% win rate is a realistic target. It can be achieved but to maintain consistency with 80% win rate will be unlikely for most traders. A win rate of 80% will not guarantee that you will be profitable when you have negative expectancy.
A realistic target is to first achieve and maintain a consistent win rate of 50% for the first 100, trades, then the next 200, and the next 300 trades. This can take 2 to 3 years of diligent work. You will be amazed what this experience will teach you about trading the markets and also teach you about yourself as the trader.
Do not believe that you can make it to achieve consistently 50% win rate in a short 2 years. Many rookies traders think they can make a lot of money in this spot forex market without the hard work and market experience. Let the market teach you by giving yourself time to learn and develop.
TMS 5-Method is a simple trend following trading method. You can use this 5-Method and add a proven money management strategy and develop this into your own winning trading system which will help you achieve your financial goal in this business. You have to tread this as a business and not some kind of a game which many play in arcades. You need to find your WINNING EDGE.

2017 is just 2 days away. Give yourself a chance to trade this 5-Method in the new year and develop yourself as the trader with a goal to achieve financial freedom. It's holiday season, go to the bookstore near you and look for these books. Read these books and in the new year be prepared to spend 3 to 5 hours everyday for the next 2 to 3 years if you want to achieve FINANCIAL FREEDOM. Trust me it will be worth the sacrifice which you must make for you and your family to have a better life.

I wish you a Happy and Prosperous New Year 2017.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,283
  • Dec 29, 2016 9:50pm Dec 29, 2016 9:50pm
Quoting Syl9billion
Coulf someone kindly guide me through how I can get this tdi set-up on my mt4. I don't seem to know where the indicator is. I only use HA and AO but confused on stochastic because of the many periods posted online. I'd also like to know if MA is of any use. {quote}
Quoting eelfranz
So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. .... Big E
this was the last post by our late OP Eric aka Big E before he went offline. He passed away in Oct 2012.

If you are new to this thread and think 74,200 posts are too much to read, the least you can do is follow this link below.

Introduction to Trading Made Simple Post 71,888

I am afraid there is no short cut if you want to learn and give yourself a chance to learn to trade and to trade with TMS 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,284
  • Dec 29, 2016 9:59pm Dec 29, 2016 9:59pm
Thanks Emmanuel. I do trade but not with any specific method like what you guys have here. But am ready to learn and that's why I came here. Like you advised, I'll read an am still reading the thread but some of the things mentioned here are like Greek to me. It appears there are too many coding stuffs here
  • #74,285
  • Dec 29, 2016 10:28pm Dec 29, 2016 10:28pm
Quoting Syl9billion
Thanks Emmanuel. I do trade but not with any specific method like what you guys have here. But am ready to learn and that's why I came here. Like you advised, I'll read an am still reading the thread but some of the things mentioned here are like Greek to me. It appears there are too many coding stuffs here
Greek? It's not that difficult.... Read like Emmanuel told you to do or read the first 6 pages, that's enough and please keep it basic like BigE was doing.
Keep it simple without too many crappy indicators!
  • #74,286
  • Dec 30, 2016 1:16am Dec 30, 2016 1:16am
@Emmanuel, I completely agree with your post. What I find to be true with most newbie traders, and this reflects my own experience as well, is that we tend to focus too much on the method & the win rate. The sooner newbie traders understand the other variable in the expectancy formula, avg win size & avg loss size or R-multiples, the better, at least in my case it was an awakening.

@Syl9billion, the following link is a handy glossary for forex/tms abbreviations: http://www.forexfactory.com/showthre...38#post9104538 , if you need actual definitions to the terms, www.babypips.com has a free course covering many of them and their context.

best,
N
  • #74,287
  • Dec 30, 2016 1:53am Dec 30, 2016 1:53am
Quoting pips29
{quote} target hit easily. Always expect the unexpected when trading forex {image}
u made it look simple. thanks for the constant sharing. prefer the non hindsight trades.
  • #74,288
  • Dec 30, 2016 1:54am Dec 30, 2016 1:54am
Quoting pips29
{quote} The daily TDi has crossed to the downside and price was making LH and LL on the 4 hour, on this timeframe you will notice a peak and the tdi was moving down.The peak actually happened at the 50 line which to me is the dividing line between bullish/bearish..tbh with you I had some help from the cci...the target is reasonable and I was looking for price to test the recent low again which happened to be near the 200 ema....Hope this little bit helps {image}
ok thank you for your clear explanations + chart !
  • #74,289
  • Dec 30, 2016 2:38am Dec 30, 2016 2:38am
What do you guys think? Is this a good trade for going shot?
RSI for H4 and D1 is bearish.
TDI crossover going down, angle seems good
ADR not reach.
The candle has grey wicks, which could be a problem...
Weekly is bearish but daily is bullish with a grey upper wick

Thanks!
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  • #74,290
  • Dec 30, 2016 3:08am Dec 30, 2016 3:08am
Quoting fcaldas
What do you guys think? Is this a good trade for going shot? RSI for H4 and D1 is bearish. TDI crossover going down, angle seems good ADR not reach. The candle has grey wicks, which could be a problem... Weekly is bearish but daily is bullish with a grey upper wick Thanks! {image}

Is your H4 candle closed yet? H4 is sideways in a narrow range.
risk is also in H1 with thin market liquidity today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,291
  • Dec 30, 2016 3:11am Dec 30, 2016 3:11am
Quoting emmanuel7788
{quote} Is your H4 candle closed yet? H4 is sideways in a narrow range. risk is also in H1 with thin market liquidity today.
Closes in 50 minutes from now. Indeed it seems that liquidity is slow today, but what if the next candle starts bearish and also a bit below the PAC (yellow lines)? What would you think?
  • #74,292
  • Dec 30, 2016 3:16am Dec 30, 2016 3:16am
I have start reading "Super Trader" Van Tharp

Thanks emmanuel7788
Attached Image
Attached File(s)
File Type: pdf Van Tharp - Super Trader.pdf   2.8 MB | 5,126 downloads
MA provides the market's current direction and strength.
  • #74,293
  • Dec 30, 2016 3:33am Dec 30, 2016 3:33am
Quoting firsttimer
{quote} u made it look simple. thanks for the constant sharing. prefer the non hindsight trades.
here's one for you, taken on H1
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #74,294
  • Dec 30, 2016 3:46am Dec 30, 2016 3:46am
Quoting fcaldas
{quote} Closes in 50 minutes from now. Indeed it seems that liquidity is slow today, but what if the next candle starts bearish and also a bit below the PAC (yellow lines)? What would you think?
today is the last trading day for this year and with very thin liquidity it really does not make sense to trade with real money.

to trade this 5-Method, better wait till the H4 candle closes and if the candle close below the 5EMA Typical Price, Shift+3 to confirm if is is s setup candle. But I see the first trouble area in H1 which does not look like there is selling right now. Not much room for a good R:R trade. It is against the D1 price momentum since we have a bullish yesterday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,295
  • Dec 30, 2016 3:46am Dec 30, 2016 3:46am
trying to figure out where price will be heading to..will it come down to test 114.80-115 before going up or will it just go thru' the TL onwards to 120
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #74,296
  • Dec 30, 2016 3:47am Dec 30, 2016 3:47am
Quoting pips29
{quote} target hit easily. Always expect the unexpected when trading forex {image}
hello
EJ hit those 100 pips eventually. unexpected (or maybe not ) but nice

gratz
  • #74,297
  • Dec 30, 2016 3:52am Dec 30, 2016 3:52am
Quoting bistolis
{quote} hello EJ hit those 100 pips eventually. unexpected but nice gratz

wait and see if the D1 candle will close above 124.82. Maybe not today but next week.

see my BPP for EJ.
http://www.forexfactory.com/showthre...69#post9384769
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,298
  • Dec 30, 2016 3:52am Dec 30, 2016 3:52am
Quoting emmanuel7788
{quote} today is the last trading day for this year and with very thin liquidity it really does not make sense to trade with real money. to trade this 5-Method, better wait till the H4 candle closes and if the candle close below the 5EMA Typical Price, Shift+3 to confirm if is is s setup candle. But I see the first trouble area in H1 which does not look like there is selling right now. Not much room for a good R:R trade. It is against the D1 price momentum since we have a bullish yesterday.
Thanks for the invaluable insight!
  • #74,299
  • Dec 30, 2016 4:03am Dec 30, 2016 4:03am
Quoting emmanuel7788
{quote} wait and see if the D1 candle will close above 124.82. Maybe not today but next week. see my BPP for EJ. http://www.forexfactory.com/showthre...69#post9384769
hello
why that level of 124.82 ?
  • #74,300
  • Dec 30, 2016 4:57am Dec 30, 2016 4:57am
Quoting bistolis
{quote} hello why that level of 124.82 ?

that 124.82 is a Historical MN price swing level which I mentioned in my EJ BPP Dec 2016.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY MN Big Picture Dec2016.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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