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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #75,621
  • Feb 7, 2017 8:29am Feb 7, 2017 8:29am
Quoting emmanuel7788
{quote} sorry, I did not post a lot of different methods. I only shared one tested and proven method taught by Dr Van Tharp. That is the R and R-Multiple method in trade management. The other so called methods were shared by other members using THV CaveManager a trade manager expert advisor EA . That EA has several trade management and capital protection features which I used and they were tested and useful when trader do not want to monitor their trades and let that EA do it job. It is pity that Big E during his time back in 2010 did not know this...
Hi Emmanuel, do you mind to share this Synergy EA, please? I will do the backtest for this EA. Thank you very much.
  • #75,622
  • Feb 7, 2017 8:29am Feb 7, 2017 8:29am
Still exist a five minute chart?!? Unbelievable. It's so useless.
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,623
  • Feb 7, 2017 8:31am Feb 7, 2017 8:31am
Emmanuel,can u check this chart and tell me if my PA analysis is correct? Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: Ranging.png Size: 38 KB
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,624
  • Feb 7, 2017 10:47am Feb 7, 2017 10:47am
Emmanuel you only trade MEME D1 on same direction of W1 trend?
  • #75,625
  • Feb 7, 2017 10:54am Feb 7, 2017 10:54am
Hi all,

How does the CADJPY look on the 4H for you guys? Is it time for a long?
  • #75,626
  • Feb 7, 2017 11:01am Feb 7, 2017 11:01am
Quoting ftwforex
Hi all, How does the CADJPY look on the 4H for you guys? Is it time for a long?
NO

Check the 1D and 1wk charts
  • #75,627
  • Edited 12:44pm Feb 7, 2017 12:21pm | Edited 12:44pm
Trade the way BigE has laid it out.
Keep it simple. Trading Made Simple worked five years ago and still is work the same way today
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 92 KB
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  • #75,628
  • Feb 7, 2017 4:15pm Feb 7, 2017 4:15pm
South African Rand - what rally for 5 years ended with choppy 2016.

Attached Image (click to enlarge)
Click to Enlarge Name: USDZAR MN 2010 to 2016.png Size: 26 KB


Please, someone tell me what it the annual median income in South Africa.

Thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,629
  • Feb 7, 2017 4:19pm Feb 7, 2017 4:19pm
Quoting ftwforex
Hi all, How does the CADJPY look on the 4H for you guys? Is it time for a long?

it looked ugly 5 hours ago and still look ugly now...

85.70 is trigger level for H4 buy.

anything below that is danger for buyer, but some do get lucky.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,630
  • Feb 7, 2017 4:24pm Feb 7, 2017 4:24pm
...Got out of it in an impressive +1
  • #75,631
  • Feb 7, 2017 4:26pm Feb 7, 2017 4:26pm
what a day with GBP ... big move after Commons avoided a Brexit Bill rebellion. I see progress for PM May... well done.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,632
  • Feb 7, 2017 4:30pm Feb 7, 2017 4:30pm
Quoting emmanuel7788
what a day with GBP ... big move after Commons avoided a Brexit Bill rebellion. I see progress for PM May... well done.
I know... I went long just before breakfast around 7GMT and it drilled my nuts all bloody long bloody day.. The luckily when coming home for dinner it was in green
  • #75,633
  • Feb 7, 2017 4:33pm Feb 7, 2017 4:33pm
Quoting Pretoriano
Emmanuel,can u check this chart and tell me if my PA analysis is correct? Thanks Ranging.png;2176538 {image}
you are correct to see big and small candles.
market was driven down to the BRN 1.4600 with that NZ inflation data.
today very short term traders will chase sell, sell, sell,...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,634
  • Feb 7, 2017 4:39pm Feb 7, 2017 4:39pm
Quoting ftwforex
{quote} I know... I went long just before breakfast around 7GMT and it drilled my nuts all bloody long bloody day.. The luckily when coming home for dinner it was in green



I thought is was crazy when market broke the 1.2400 resistance turn support when Commons was in session.. Smart money was listening ....

Buy, and buy lower....was my game plan. That worked out. I got lucky yesterday like many rookie traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,635
  • Feb 7, 2017 4:49pm Feb 7, 2017 4:49pm
Quoting mokuro89
Emmanuel you only trade MEME D1 on same direction of W1 trend?

yes, the odds are in your favour when you trade the dominant Primary Trend.
we need to use the Intermediate and Short-term trends to build our positions for better average entry prices.

Attached Image (click to enlarge)
Click to Enlarge Name: Market Trends - PLAN BUILD RUN concept.jpg Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,636
  • Feb 7, 2017 5:15pm Feb 7, 2017 5:15pm
Quoting pdduc13
{quote} Hi Emmanuel, do you mind to share this Synergy EA, please? I will do the backtest for this EA. Thank you very much.

That EA is a commercial product and we are not allow to post commercial products in this thread.
Also back in 2010, eelfranz did not want us to discuss any trading robots in his thread. He knew the bad experience trading with robots. I agree with him.

If you want to learn TMS, let the TMS V19 teach you about how to trade reversals with candle setups.

see this link post:
http://www.forexfactory.com/showthre...19#post8759319
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,637
  • Feb 7, 2017 5:32pm Feb 7, 2017 5:32pm
Long EURJPY for a quickie.. Can't possibly see anything go wrong on this one
  • #75,638
  • Feb 7, 2017 5:33pm Feb 7, 2017 5:33pm
I know it looks terrible on the 1D and 1W but wtf?
  • #75,639
  • Feb 7, 2017 5:40pm Feb 7, 2017 5:40pm
Quoting ftwforex
I know it looks terrible on the 1D and 1W but wtf?

actually D1 and W1 look good... if you are talking about EJ.

early morning quickie can be fun and enjoyable.

I wait for the the first 2 hours of Sydney session then see if I have one when Tokyo open in 20 mins.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,640
  • Feb 7, 2017 6:05pm Feb 7, 2017 6:05pm
How do you measure if you are successful in trading this spot forex market?

I was told by my mentor that to see success in trading, we must look at the first completed 1,000 trades following the same trading system. Then the next 2,000 trades and the next 3,000 trades. There must be consistency achieved in the win rate and that win rate must be maintained through the 1,000 to 3,000 trades or in the trading period of 3 to 5 years. I believed him and I have seen a few successful traders with proven results between 1995 and 2015. Until you an achieve that kind of result, don't even think of trading for a living, therefore keep your day job.

But I have not seen any successful TMS traders with that same proven results. My conclusion therefore is that even if one can trade by following what Big E had laid out and that one does not need anything else will be successful cannot be true.

It is sheer ignorance and foolishness of newbie traders to come to the spot forex market and think that they can be successful traders that easily.

Ask yourself, what knowledge, experience and resources do you have to be successful in this trading business.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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