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Trading Made Simple

  • #75,741
  • Feb 9, 2017 2:35pm Feb 9, 2017 2:35pm
Quoting inforserve
Out of consolidation area with Big candle. Image1.png;2181205 {image}

nice catch!
this one has been testing my patience for days. took my eyes off it and missed it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,742
  • Feb 9, 2017 2:50pm Feb 9, 2017 2:50pm
Quoting mokuro89
{quote} {quote} 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...

everybody wants to trade the trend until the trend ends, why?

It is a simple Fear and Green when traders want to trade at the start of the trend and then they want to stop trading when the trend ends.
They were taught to buy low and sell high. They learn buy the dips and sell the rallies. They learn buy high, buy higher,... and sell low, sell lower, ... and other sorts trading behaviour.

Fear - they fear to miss out if they do not get into the market at the start of the trend.
Greed - they are greedy and want to capture 100% of a trend.

How many of you have taken down notes of all my posts? What are the key points in your notes?

I am sure some of you have missed several key points of ME/ME trading.

I spent almost 2 years to learn and practice ME/ME trading till I understood what it can do for my business.

Think of this ancient wisdom,

“I hear and I forget. I see and I remember. I do and I understand.”


...more to come/-
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,743
  • Feb 9, 2017 3:08pm Feb 9, 2017 3:08pm
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.
Member's Lounge
  • #75,744
  • Feb 9, 2017 3:10pm Feb 9, 2017 3:10pm
Quoting emmanuel7788
{quote} , I hear and I forget. I see and I remember. I do and I understand. ...more to come/-
I do and understand - I learn by experience
I see and remember - I learn by visual experience
I hear and forget - I hear but a lot goes out of the other ear..

That's my interpretation, feel free to correct.
It's in fear when people show what they truly value.
  • #75,745
  • Feb 9, 2017 3:14pm Feb 9, 2017 3:14pm
Quoting ensale
{quote} I do and understand - I learn by experience I see and remember - I learn by visual experience I hear and forget - I hear but a lot goes out of the other ear.. That's my interpretation, feel free to correct.

we all learn from others,

but we fail to teach ourselves.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,746
  • Feb 9, 2017 3:32pm Feb 9, 2017 3:32pm
Quoting Frank0
Emmanuel, I have no concern where you go, just take me with you. F



I planned to go on Alaska cruise in summer time...
and when I make my trading target 2017, I will retire living on a cruise ship for one year before I decide moving to Queenstown or Te Anau my favourite 1st choice.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,747
  • Feb 9, 2017 3:40pm Feb 9, 2017 3:40pm
Quoting emmanuel7788
{quote} I planned to go on Alaska cruise in summer time... and when I make my trading target 2017, I will retire living on a cruise ship for one year before I decide moving to Queenstown or Te Anau my favourite 1st choice.

Beautiful place to be......

Inserted Video
  • #75,748
  • Feb 9, 2017 3:42pm Feb 9, 2017 3:42pm
For those of you trading the D1 chart and using multiple entries / multiple exits ME/ME ,

please post you AUDUSD and EURUSD charts.

Explain what you see - where the trend started and what is the market condition today.

You want to learn and trade with ME/ME, you need to do this work.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,749
  • Feb 9, 2017 4:00pm Feb 9, 2017 4:00pm
Quoting inforserve
{quote} Not really.. If you look at D1 & W1, it had been ranging for while. I took this from bottom range with PA. Cheers;
When weekly and daily are ranging we can enter long and short on h4 right? What type of SL/TP have u used?
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,750
  • Edited 4:17pm Feb 9, 2017 4:04pm | Edited 4:17pm
Quoting emmanuel7788
For those of you trading the D1 chart and using multiple entries / multiple exits ME/ME , please post you AUDUSD and EURUSD charts. Explain what you see - where the trend started and what is the market condition today. You want to learn and trade with ME/ME, you need to do this work.

W1

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 28 KB



Forming down Thrust Bar with downside ranging market.


D1

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 18 KB


Look like double inside bars. If it break to downside, will go for short until next structure.


Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 26 KB
  • #75,751
  • Feb 9, 2017 4:09pm Feb 9, 2017 4:09pm
Emmanuel,can u answer me post 75,510 and 75511?

Why u recommend not trade AUDCAD and AUDNZD? For conflict between brent and gold? And NZDCAD?

Thanks
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,752
  • Feb 9, 2017 4:22pm Feb 9, 2017 4:22pm
Quoting Pretoriano
{quote} When weekly and daily are ranging we can enter long and short on h4 right? What type of SL/TP have u used?
You can do that. But I prefer following major trend. If the major trend is down then only trade short.
SL/TP around swing high & swing low but you have to watch out PA. I always remind myself that trend can at least last three HA candles if I select a setup correctly.

Cheers;
  • #75,753
  • Feb 9, 2017 7:12pm Feb 9, 2017 7:12pm
Dear Traders,

I want to know if I am right. I think TDI signal from 2,7 matches exactly with the colour change of moving averate set to 2 close.

Is it a good substitute for TDI? Just want to know for my personal opinion.

Best Regards,
Xpertize
Attached Image (click to enlarge)
Click to Enlarge Name: 2 Closing Price.png Size: 49 KB
  • #75,754
  • Feb 9, 2017 8:16pm Feb 9, 2017 8:16pm
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.
Hello,

This sounds great to me. Member's Lounge is ok

Thanks
  • #75,755
  • Feb 9, 2017 8:33pm Feb 9, 2017 8:33pm
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.
Honestly, I do not trade the TMS system, however, your top down approach, and Money Management strategies are second to none. As any good trader knows, Psychology, Money Management, then Method is the appropriate way to approach trading. You have proven mastery of all three. I would be honored to be in your room. And for a glimpse of your trading plan I would..........
  • #75,756
  • Feb 9, 2017 9:01pm Feb 9, 2017 9:01pm
Quoting xpertize
Dear Traders, I want to know if I am right. I think TDI signal from 2,7 matches exactly with the colour change of moving averate set to 2 close. Is it a good substitute for TDI? Just want to know for my personal opinion. Best Regards, Xpertize {image}

any trend indicator based on the price bar will always show nice on the charts. if youy can shoft that MA by say, 2 bars, that will look a lot better.

you can also use the MACD and replicate the TDI.

Attached Image (click to enlarge)
Click to Enlarge Name: TDI vs MACD2-13-7.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,757
  • Feb 9, 2017 9:03pm Feb 9, 2017 9:03pm
Quoting emmanuel7788
For those of you trading the D1 chart and using multiple entries / multiple exits ME/ME , please post you AUDUSD and EURUSD charts. Explain what you see - where the trend started and what is the market condition today. You want to learn and trade with ME/ME, you need to do this work.
Hi Emmanuel,

Let me try.

On monthly, we have March 2016 candle as WRB. I am not so sure if WRB analysis is used for very high time frame like monthly, but clearly its high and low in confluence with MN swing levels is keeping PA in between 0.71/0.7200 to 0.7700 for almost a year.

On weekly, PA has been trending upwards since first week of 2017 but it now has reached the confluence of resistance, MN WRB high, MN swing level and also BRN 0.7700.

On daily, up trend started when 04 January candle made the breakout of the MC of 23 Dec 16 and also closed across MN swing level of 0.7233.
Had I taken that entry, my results for January would have been different? I dont think so. I could have won few pips on 05 January but tried to short on 06 January when it retraced on lower time frame and lost what I earned on 05 January. My trading basically goes on like this.

Back to the chart now.

Interestingly, there are 4 MN swing levels on my chart and all D1 candles closed across them were big ones. The question is how do we take advantage of it?

For today, PA is within the range of MC of 02 Feb, so no D1 trade until it breaks. To me, not much room for PA to go higher to initiate position trading, so my most likely scenario is wait first for PA to break MC low and also closes across MN level of 0.7514 and go short, which we may have some empty space.

Thank you as always.

Okoso
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily10.02.17.png Size: 48 KB
  • #75,758
  • Feb 9, 2017 9:16pm Feb 9, 2017 9:16pm
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.

Hey Emm,

Your methodology in solid . Please continue to teach how you have become to be a successful trader using TMS in conjunction with price action and Money Management. Your input is invaluable. About that trading plan...
  • #75,759
  • Feb 9, 2017 9:54pm Feb 9, 2017 9:54pm
[quote=okoso;9547827]{quote} .... Back to the chart now. Interestingly, there are 4 MN swing levels on my chart and all D1 candles closed across them were big ones. The question is how do we take advantage of it?...

Hi Okoso,

you are getting very close to know what I know....

Those MN price swing levels are MN Line Chart. this you all must know by now. Just imagine you are trading the MN Line Chart, what do you do see when the price makes opposite move, what happen to the Line Chart (the close price)?
you know where the MN historical price swing levels which are the most recent .
you drop down to the lower timeframe chart, in our case we trade the D1 chart , get into the market before those MN swing levels because the price bar which crosses and closes across those MN swing levels are usually (not 100% of them all) big bars/candles. We use the 5-Method basics to trade and take advantage of the buy and sell using the 5EMA.



see my MN Line Chart below:

Attached Image (click to enlarge)
Click to Enlarge Name: MN Line Chart.png Size: 24 KB


that above is a real MN chart without the detail of the currency pair and its prices.
Experienced traders will know the pair.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,760
  • Feb 9, 2017 10:02pm Feb 9, 2017 10:02pm
Now we look at the D1 chart of that same MN Line Chart above post,

look at that same 5 MN swing levels and what do we see on the D1 chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: MN Line chart seen in D1.png Size: 24 KB


You must trade the D1 chart with 'three eyes', your visual two eyes on your D1 chart and your 'third eye' seeing the MN chart in background.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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