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Trading Made Simple

  • #75,721
  • Feb 9, 2017 5:34am Feb 9, 2017 5:34am
Hi emmanuel
what`s your opinion about GJ this week? i SELL it according to my PLAN and now there are 3 MEME orders but it turn up @138.5 and keeps going up. should i cut loss ASAP or wait for more ME positions? i tried to trade with MEME method for few months and always encounter big loss after some small profit baskets. what`s your advice about this kind of situation? thank you.
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  • #75,722
  • Feb 9, 2017 5:42am Feb 9, 2017 5:42am
Quoting emmanuel7788
{quote} but which forum? I like Member's Lounge ... so we have only FF members.
Yes, agree .
Why should non registrered people get the benefits from our work .

(X) Member's Lounge
( ) Interactive Trading
( ) Trading Discussion

By the way -- heres one of my rade D1 TMS trades..

With empty space.
After a hit of the 1.06, Ill set it to BE , becaus ei marked a weekly resisnance .

Stay tuned
Guido
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Risiko birgt immer auch die Chance.
  • #75,723
  • Feb 9, 2017 5:45am Feb 9, 2017 5:45am
Quoting emmanuel7788
Trading Made Simple - Live Trading Room I have a few PMs suggesting that I start a new forum thread for live trading, sharing of weekly and daily trade plans, trade ideas, trade signals, etc. Please let me know what you think and which FF forum is appropriate for this live trading room. My preference order: - Member's Lounge - Interactive Trading - Trading Discussion Let me know and I will decide based on the number of feedback.
Hi Emmanuel

It is great idea. I am in in Members lounge.

Thanks for helping all of us here.

MK
  • #75,724
  • Feb 9, 2017 6:39am Feb 9, 2017 6:39am
MEMBERS' LOUNGE cant wait
  • #75,725
  • Feb 9, 2017 6:39am Feb 9, 2017 6:39am
I went long , i dont have my MT4 platform , so at least picture from tradingview
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  • #75,726
  • Feb 9, 2017 6:43am Feb 9, 2017 6:43am
Quoting kevinfeng
Hi emmanuel what`s your opinion about GJ this week? i SELL it according to my PLAN and now there are 3 MEME orders but it turn up @138.5 and keeps going up. should i cut loss ASAP or wait for more ME positions? i tried to trade with MEME method for few months and always encounter big loss after some small profit baskets. what`s your advice about this kind of situation? thank you. {image}

Hi Kevin,

what is important is you do your own post-mortem of the past months you traded with ME/ME. Learn from your own experience. I can share with you my POMO only when you show me your trade history on your charts.

I don't believe there are big loss when you have your risk management done with discipline. There will be drawdown in every trading system but what is important is how we manage the drawdowns and do the recovery.

Trading with ME/ME is to follow the conservative approach and using the 5-Method basics. You must use the 5EMA,Typical Price, Shift+3 to identify the Buy and Sell direction.

Your GJ sell was very late. The start sell was the Jan 31 D1 price bar open. Also the market volatility is in narrow range. You need to take these into your trade planning and use smaller lot size. You only increase your lot size when the market in in the RUN phase.

How much drawdown if the price goes further up to 143.10? If exceed 10%, you cut the losses before that happens.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,727
  • Edited 7:57am Feb 9, 2017 7:06am | Edited 7:57am
Quoting emmanuel7788
{quote} XAUUSD yesterday we hit target 1238 after a short pause on Tuesday and close 1241. Now where shall be our next target? Anyone with a Big Picture Plan?
Hi emmanuel7788,
I have been following your posts for long time. I have learned a lot from you. Thank you! This is my first post. My W1 big picture plan target for XAUUSD is around 1249.95.
  • #75,728
  • Edited 7:57am Feb 9, 2017 7:18am | Edited 7:57am
Quoting emmanuel7788
Trading Made Simple - Live Trading Room I have a few PMs suggesting that I start a new forum thread for live trading, sharing of weekly and daily trade plans, trade ideas, trade signals, etc. Please let me know what you think and which FF forum is appropriate for this live trading room. My preference order: - Member's Lounge - Interactive Trading - Trading Discussion Let me know and I will decide based on the number of feedback.
Hi emmanuel7788,
Member's Lounge sounds good.
  • #75,729
  • Feb 9, 2017 8:16am Feb 9, 2017 8:16am
What is ME/ME? Is part of this method?
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,730
  • Feb 9, 2017 8:23am Feb 9, 2017 8:23am
Quoting Pretoriano
What is ME/ME? Is part of this method?
Multiple entry/multiple exit.
  • #75,731
  • Feb 9, 2017 8:50am Feb 9, 2017 8:50am
Quoting Pretoriano
What is ME/ME? Is part of this method?
Hi Pretoriano. ME/ME is Multiple Entries / Multiple Exits. It's types of entries and exits. I would recommend you read a book and search info in this thread.

ME/ME will help you reduce a risk, when you will understand how to use them. Otherwise, it will increase your losses.

This example is how to build a positions by Agustin Silvani.

Edit: Pretoriano look at this post. There is more of it.
Attached File(s)
File Type: pdf Entry and Exits ebook pages.pdf   144 KB | 636 downloads
File Type: pdf How to Build a Position.pdf   3.1 MB | 641 downloads
There is no reason to trade if there is no reason to trade.
  • #75,732
  • Edited 11:55am Feb 9, 2017 9:49am | Edited 11:55am
Quoting kevinfeng
Hi emmanuel what`s your opinion about GJ this week? i SELL it according to my PLAN and now there are 3 MEME orders but it turn up @138.5 and keeps going up. should i cut loss ASAP or wait for more ME positions? i tried to trade with MEME method for few months and always encounter big loss after some small profit baskets. what`s your advice about this kind of situation? thank you. {image}
Quoting emmanuel7788
{quote} Hi Kevin, what is important is you do your own post-mortem of the past months you traded with ME/ME. Learn from your own experience. I can share with you my POMO only when you show me your trade history on your charts. I don't believe there are big loss when you have your risk management done with discipline. There will be drawdown in every trading system but what is important is how we manage the drawdowns and do the recovery. Trading with ME/ME is to follow the conservative approach and using the 5-Method basics. You must use the 5EMA,Typical...
I belive what is not very clear, is when NOT to keep opening positions, I've posted a similar question kevin and found other similar questions by other members already posted here too

When we use MEME money management just after SETUP candles it's very good, but then we try to "trade the trend till it ends", by keepin opening positions while the trend exists, and then suddently end up with bad positions on the extreme end point of a trend
I'm in the same situation more often than I wished and still not sure how to avoid them, hopefully Emmanuel can enlight us this better

kindest regards
  • #75,733
  • Feb 9, 2017 10:40am Feb 9, 2017 10:40am
GBP/NZD and AUD/NZD closely watch it, both probably on peak, so wait for candle confirmation for short. Now H1 last few candles are very flat..
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  • #75,734
  • Feb 9, 2017 11:59am Feb 9, 2017 11:59am
Emmanuel,

I have no concern where you go, just take me with you.

F
  • #75,735
  • Feb 9, 2017 12:22pm Feb 9, 2017 12:22pm
Ready to short
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  • #75,736
  • Feb 9, 2017 3:09pm Feb 9, 2017 3:09pm
Out of consolidation area with Big candle.

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  • #75,737
  • Feb 9, 2017 3:54pm Feb 9, 2017 3:54pm
Quoting frenchy.fx
This would be my entrys on the daily chart audcad, i appreciate any help. {image}
Hi mate i think that your entries looks good , i would enter at the begining of december , also mid octomber thas my opinion .To be honest i don't use stop losses , iv been using tms for few months with real money and i like it a lot . If you want to train with the strategy use TRadeinterceptor's trader's gym amazing platform easy to use , TDI included .Can i know what is the indicator in your top right corner , thanks happy trading ! If you have any other questions feel free to ask me
You attract what you think in any area of life, relationships and trading!
  • #75,738
  • Feb 9, 2017 3:59pm Feb 9, 2017 3:59pm
Quoting Sesamstrasse
{quote} Yes, agree . Why should non registrered people get the benefits from our work . (X) Member's Lounge ( ) Interactive Trading ( ) Trading Discussion By the way -- heres one of my rade D1 TMS trades.. With empty space. After a hit of the 1.06, Ill set it to BE , becaus ei marked a weekly resisnance . Stay tuned Guido {image}
i have opened same position i will stay tuned . My target price is 1.05800. good luck
You attract what you think in any area of life, relationships and trading!
  • #75,739
  • Feb 9, 2017 4:03pm Feb 9, 2017 4:03pm
Quoting inforserve
Out of consolidation area with Big candle. Image1.png;2181205 {image}
Inforserve,is a countertrend right? Daily and weekly PA are over Ema10
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,740
  • Feb 9, 2017 4:28pm Feb 9, 2017 4:28pm
Quoting Pretoriano
{quote} Inforserve,is a countertrend right? Daily and weekly PA are over Ema10
Not really.. If you look at D1 & W1, it had been ranging for while. I took this from bottom range with PA.

Cheers;
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