Trading Made Simple

Quoting Nik-Nyc

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{quote} Hi Faatkumo, Welcome to TMS . . . MM is critical, indeed most professionals traders cite it as more important then the actual Method used to trade. There has been a lot of discussion over the years regarding MM strategies to pair with TMS. Unfortunately, there is no universal answer to which MM system to implement, as we all have different account sizes, risk tolerances, trading objectives, etc. However, as with most questions you may have about TMS (and trading in general) a good place to start looking for an answer in within Emmanuel's...

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Quoting zMinga

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My week with meme. Thank you Emmanuel for all your effort. {image}

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Quoting faatkumo

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Anyone have a solid idea on where to place SL if looking to seek a 1:1.5+ rr ratio?

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Quoting emmanuel7788

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{quote} Welcome to Forex Land. You are asking about SL with Risk:Reward ratio. Most forex trading schools, coaches, teachers, gurus, will tell you lots of stories with SL and RR. Big E stopped posting in 2011 and was last online in Dec 2011. He died in Oct 2012 after long illness. If you search his post using SL and RR as keywords, you will not find anything much. What do these two, Job and Moses has to do with trading? Try using keyword "patience of Job and Moses" {image} ... look for the best setups...

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Quoting irishtoffy

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As as you say, short AU on D. Locked in at BE. Any thoughts on whether to take the profit and run before NFP? {quote}

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Quoting inforserve

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{quote} Talking about best setup, I only can pick three real good setup for each pair per month from my back testing. So with 10 pairs, it's around 30 best setup per month. Or it can be less than that if you exclude correlation. Still back testing every weekend while I am listening "The Best of Mozart"

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Quoting Tremulous

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{quote} What do you mean by volatility? If there is weak price momentum, but strong volatility TMS stops working. Also, is the Heikan Ashi price bar action/momentum better or worse than raw candlestick price bar action/momentum? I understand that the purpose of Heikan Ashi is to reduce the noise from raw candlesticks, but it seems like raw candlesticks would give you a better feel for the actual happenings of market (and also lead you astray due to noise).

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Quoting emmanuel7788

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{quote} Hi Jaizy. When I trade, I always do my weekend homework after the market is closed on Friday NY session. I will do my top down analysis staring from the Monthly chart, then Weekly chart then Daily chart timeframe. Having done these, I update my Big Picture Plan BPP for the week. To do this BPP for the first time, it may take your 30mins for every currency pair you want to trade. But when you have done the first BPP, save that as a template with the currency symbol for example EURUSD BPP. With each symbol BPP saved, you simply update that...

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Quoting blueman

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{quote} Thanks again for all the great information you are sharing with us every day, its very helpful! Could you share the week indicator you got ? thanks and have a great weekend.

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Quoting emmanuel7788

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{quote} Trading Made Simple Trading Tools - Expert Advisors, Indicators and Scripts Updates and New Versions Please wait. I am preparing new updates with latest MT4 Version 4 Build 1045. Will PM you when these are completed. These will not be share in this public forum. For those who are non FF members you need to sign up and subscribed to me and I can PM you. For current members, you have to subscribe to me at my profile. This will be indication for me to include you in my PM list for downloads of the new updates. Thank you. Have a good weekend....

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Quoting emmanuel7788

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{quote} Strat is one of my favourite professionl trader here in FF. He uses his own terminologies in his trading and trading. Big Boss = Monthly Boss = Weekly Worker = Daily we are TMS traders, we look at our trading charts TF, we look one TF higher that is our short term trend, another TF higher is the long term trend. so we have M15> H1> H4 H1 > H4 > D1 H4 > D1 > W1 Keep this simple, no need for new names.

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Quoting emmanuel7788

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{quote} Hi irishtoffy, Sorry I did not answer this post last night. I went to bed as usual when NY market open and I don't usually trade NFP when I am not the sort who looks for fun and excitement when trading. So my response is with hindsight whatever ways people want to look at it. One of my beliefs I held for years is what I got from Van Tharp is: "To maximize profits, I must be prepared to give back 50% of what the market gave me". This is my core beliefs in my system design which impact my Money Management and Exit management strategies. Some...

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Quoting nanacarter

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{quote} I'm still having problems calculating the ATR. I trade with 0.01

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Quoting nanacarter

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{quote} please, i want a clarification.. 1. Lets say i'm trading 4HR, D1 will be my shorter trend? 2. I look at my chart, 4HR is about to go short(it meets all TMS checklist), D1 still in an uptrend, W1 is in a downtrend. is it advisable to initiate a trade or ignore? 3. Again, 4HR is about to go long, D1 is in a downtrend same as W1 Thank you

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Quoting emmanuel7788

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{quote} Hi, I am not sure what problem you face. But the ATR is read off the platforms standard indicator. maybe if you tell me what ATR data you want to see on your planning chart or trading chart, I can look for something which can be of use. there are so many ATR type indicators floating all over the forums which can be of use if I can change the code for you. I do see some members have ATR, ADR data printed on their trading charts but I do not know what they use them for. regards,

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Quoting emmanuel7788

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{quote} Hi, It would be better to look at some charts and look at setups and reconcile the price action in every timeframe. last week were a few very good trades using Weekly and Daily in synergy, and the find H4 trades. Look at this EURAUD chart details below and learn from it. {image} Then look at your GBPNZD, try to see the PA in different timeframes and learn from it. Slight differences, but if you do it consistently, you will 'burn this into your brain'. Once you have these 'burn in your brain', it will become easy therefore it is simple. {image}...

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Quoting nanacarter

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{quote} GBPUSD {image}

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Quoting emmanuel7788

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{quote} your GBPUSD H4 chart shows the H4 ATR(10) is 35 pips. {image}

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Quoting nanacarter

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{quote} Thanks very much...... So it means i can set my stop loss to 35 pips above entry if i am selling the market?

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