Trading Made Simple

Quoting Tortilla

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{quote} Hi Sir! You mean 5cent per pip? In such a big account? Whats the purpose? to be always in the market letting the trade open? It is you normal entry? Sorry for these questions, but a Money Management is another pending task I need to recheck... I still amaze how traders here can read the market with PA, I need to study that...Anny suggestion? A good book to look at? Something not too technical, I have a language barrier... Regards!

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Quoting jmn5611

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{quote} The purpose of such a small lot is that I can trade my plan perfectly. I do not sabotage myself by worrying about the many things that can and will go wrong. I am also able to run RTM trading plans right along side my trending trading plans. It also allows scaling up in a fashion that is safe. There are many many videos on price action out there. All of them have something to chew on in them. Personally I think about what the bulls want vs what the bears want.

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Quoting inforserve

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{quote} Hi Jmn When you said RTM trading plans, Do you mean Harmonic or Fib ? Thanks

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Quoting jmn5611

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{quote} RTM means reversion to the mean. So it is essentially a trading plan that is betting on a return to the typical price after a spike. Dozens of plans out there.

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Quoting inforserve

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{quote} How do you use these two different methods ? I mean do you trading TMS one as Single entry/Singe Exit and RTM trading as one as Single entry /Single Exit. or you put the trade as on Trend trading and later you find out end of trend, then you change to RTM method ? Cheers;

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Quoting jmn5611

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{quote} All of my trading is ME/ME and has been for many years. Here is a chart that I just took a trade in. I entered at 7658. I will need to manage the trade if it hits the logical stop at the top of the bull channel. I am expecting a 50% pullback of this channel which why I took the trade. {image}

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Quoting inforserve

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{quote} O.K Thanks !!! I also thought it's due for collection as it looks like 1-2-3 pattern. Anyway, do you cut loss top of channel if the price shoot up or wait to next price structure & take additional position ?

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Quoting jmn5611

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{quote} I will scale in. Especially in pairs like AU which must range because of international trade concerns.

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Quoting inforserve

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{quote} I see. Many thanks for your comment!!!!

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Quoting jmn5611

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{quote} No worries. Just trying to contribute a bit about money management. My motto is that pennies add up. If you trade over 28 pairs, they can add up quite quickly also. I should also add that only take one trade per four hours that I am awake. That's 30 trades a week if I did not sleep all week. It is important not to overtrade and take only the strongest crosses of the TDI. Trading small makes the market very forgiving of mistakes.

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Quoting Con

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Thanks Emmanuel, Can I check when in the event of major news happening, i.e. NFP tonight and the BOJ bond purchase, What will you do to your open trades? Thanks

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Quoting Pretoriano

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Emmanuel,i would like to know 3 tips from you: 1) 10ema is more fast and better than Adx for trend and reversal? 2) I prefer to trade Daily. Must I check weekly only or monthly chart too? Can u post any example with this 3 charts? 3) Do u use pivot points or not? What type of support/resistence Must i watch before enter? BRN number or what? Thanks

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Quoting Sanbernardin

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I think one of the overlooked element of BigE's trading was the timing: 7 am, 11am, with everything closed at 3 pm Rome time. Because he used to wait for the beginning of a 4h chart candle before entering, he opened his trades at a topic time, when the big trend of London session clearly discloses itself and is ready to develop for at least the following 45 minutes to 1 and 45 minutes: hence the big profit.

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Quoting farhad10

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{quote} emmanuel; Did you back test the BIG E aggressive way to see how many times he had failed ? I think he wanted to catch some more pips at the beginning of the candle by maintaining his chance of winning and then exit the trade and let it gone ! I my self saw many times that this way is easier and with more chance of win than the conservative way !

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Quoting emmanuel7788

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{quote} I do nothing with open trades. Just let my trade manager do the work.

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Quoting emmanuel7788

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{quote} Yes, done a lot of back-testing , the aggressive entry on APB#1 and APB#2 fails more times in H1 than H4, more times in H4 than in D1 when using TDI for exit. I only trade when the conservative entry with the 5EMA and use R and R-Multiple trade management. This works better than using TDI for exit.

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Quoting emmanuel7788

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{quote} stick to what work best for you. SE has its own variations too. You can enter at the same price with multi-lots. Do you know that?

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Quoting nanacarter

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{quote} How is it done? Thanks

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