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Trading Made Simple

  • #77,521
  • Mar 16, 2017 4:16pm Mar 16, 2017 4:16pm
Quoting TheRock
Short EURAUD at 1.39950. 50 pip SL, 100 pip TP
Quoting TheRock
I use TDI crosses with divergence on D1 TF. Then I re-enter using Fibonacci retracements on smaller time frames. EURAUD was a sell 2 days ago on D1 TF with divergence on TDI. It has now retraced to 38.2 Fib level which is a previous resistance area if you look left to current PA and it is also near a big round number (1.40000) Obviously, I can be completely wrong, no one is 100% accurate. The more things like that lineup, the more likely it will come through, in my opinion.
No chart. No talk.

You want to share and discuss, please post a chart .

Our trading chart is our common language.

You want my frank opinion. Learn not to trade when price is in consolidation. I mention in many posts here. The TDI cross, bounce,etc. cannot be trusted as trade signal in consolidation. I am 65% lucky and 35% unlucky all the time. What I know and I believe in is my Expectancy above 2.5.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,522
  • Mar 16, 2017 4:24pm Mar 16, 2017 4:24pm
Quoting emmanuel7788
{quote} You are assuming. Do not assume what a dead man would do and can do. You profile say you are an optometrist, right? I will be here to answer questions and share my knowledge and experience with all who want to learn to trade and to trade the 5-Method. If I want to start a new thread , it wont be trading made simple. It wont help people with tunnel vision.
Just like you assumed you can post of topic subject's that has nothing to do with BigE and TMS
emmanuel what part of 5 - Method is Me/Me and SE/SE and BBP and EOD and ................?
Yep, you got that right it won't be Trading Made Simple it will be Trading Made Difficult.
Now you are insulting member's that do have tunnel vision and are FF member's.
  • #77,523
  • Mar 16, 2017 4:33pm Mar 16, 2017 4:33pm
Quoting alwaysposi
So here goes with my first chart post. This is demo trading. Went straight into profit, wandered nowhere for few hours, just closed out for tiny profit as it moved back against me & there was a danger of leaving with nothing. Constructive criticism always welcome........................... {image}

Hi,

You are trading inside the big FOMC and NZ GDP candle and those TDI signals are not reliable in such volatile market conditions.

Also wrong time to trade H4 after London closed, liquidity drops and market is slow moving unless there is big events in the world like for example, the time Irag invaded Kuwait, the market responded when most traders were sleeping.

There are things we dont see on our charts.
It is market knowledge.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,524
  • Mar 16, 2017 4:34pm Mar 16, 2017 4:34pm
Quoting emmanuel7788
{quote} EURAUD Week 11 trades closed. 2 losses , 2 wins in one basket. But still profitable, how come? {image} trades done in weekly timeframe but I show you details in D1 below. {image} Be patient. Do not jump to conclusion so quickly that it was a bad trade against the trend, etc. Learn to trade like the professional do. Margin Call - what is margin call? Use margin call when you do not not want to use Stop Loss. After Jan 15, 2015, you should read the fine small print of your broker agreement. Margin call will not save you when you do not place...
Great work Emm, I had a similar trade..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 153 KB
  • #77,525
  • Mar 16, 2017 4:38pm Mar 16, 2017 4:38pm
Quoting emmanuel7788
{quote} EURAUD Week 11 trades closed. 2 losses , 2 wins in one basket. But still profitable, how come? {image} trades done in weekly timeframe but I show you details in D1 below. {image} Be patient. Do not jump to conclusion so quickly that it was a bad trade against the trend, etc. Learn to trade like the professional do. Margin Call - what is margin call? Use margin call when you do not not want to use Stop Loss. After Jan 15, 2015, you should read the fine small print of your broker agreement. Margin call will not save you when you do not place...
You just don't learn emmanual.
Which of those chart you have posted is TMS. Where is the 5-method in those chart's.
Post the W1 chart with the trade's taken.
Show the member's how you apply post#647 in plain straight englsh
no fancy candle formation jargon. How you applied green goes flat, hook or check mark to close those order's
  • #77,526
  • Mar 16, 2017 4:44pm Mar 16, 2017 4:44pm
Quoting Uk1
{quote} Great work Emm, I had a similar trade.. {image}

That weekly swing retracement was quite deep .. almost 50%.

The technical hard stop loss was farther away so it was safe. We have our dynamic SMART cut loss which is 2 x times ADR-100 days in pips below the 10EMA.

But since we are trading the weekly timeframe setup, we must keep a longer term view of the market and usually the forex futures show the direction.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,527
  • Mar 16, 2017 4:45pm Mar 16, 2017 4:45pm
Quoting Uk1
{quote} Great work Emm, I had a similar trade.. {image}
Hi Uk
Can I ask of you the same. How did you place those trade's useing #post647 and how did you use green goes flat, hook over, check-mark to close those trade's
  • #77,528
  • Mar 16, 2017 5:00pm Mar 16, 2017 5:00pm
Quoting Deichkind
{quote} Hello Emm, can you please explain me the dynamic smart cut loss? best regards
@Deichind,

read your PM first before you read this post.

I explained this before and I can explain again and again, until this get driven into your brain.

Dynamic SMART cut loss is just another way of using trailing stop.

SMART - it must be Simple, Measurable, Achievable, Realistic, Time-based.

traders rely a lot on indicators to make trading decision.
indicators are based on price.
price is dynamic, it moves and that is what it should be so that we can make money.

when we trade with multiple positions, we have the average entry price base on open positions based on entry price and lots size.
so we know where our trade levels are.
we use trailing stops but we trailing using the average entry price instead of individual trades with SL.

the Dynamic SMART cut-loss is a distance (in pips) from the 10EMA of the previous D1 close price. The pips distance is using the market volatility of the chart timeframe.
On D1 chart, I use 2 x time the ADR 100 days.
so if we have buy positions, the cut-loss is below the 10EMA.
the opposite for sell, the cut-loss is above the 10EMA.
these can be automated in a trade manager EA and can be an user option.

Is this simple enough than using SL for every individual positions?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,529
  • Mar 16, 2017 5:10pm Mar 16, 2017 5:10pm
Quoting emmanuel7788
{quote} EURAUD Week 11 trades closed. 2 losses , 2 wins in one basket. But still profitable, how come? {image} trades done in weekly timeframe but I show you details in D1 below. {image} Be patient. Do not jump to conclusion so quickly that it was a bad trade against the trend, etc. Learn to trade like the professional do. Margin Call - what is margin call? Use margin call when you do not not want to use Stop Loss. After Jan 15, 2015, you should read the fine small print of your broker agreement. Margin call will not save you when you do not place...
5-METHOD classic setup

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 11 5-Method setup candle.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,530
  • Mar 16, 2017 5:13pm Mar 16, 2017 5:13pm
Quoting TheScorpS
Trading TMS so far this week on the hourly chart on EUR/AUD , keep it up folks {image}
Great trading TSS. Any chance of giving reasons for the trades (like we used to in times gone past) as I'm sure it will help a few newcomers to understand the thinking process to entering and exiting a trade using the TMS method.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #77,531
  • Mar 16, 2017 5:20pm Mar 16, 2017 5:20pm
Quoting Tekkies
{quote} Hi Uk Can I ask of you the same. How did you place those trade's useing #post647 and how did you use green goes flat, hook over, check-mark to close those trade's
Hi Tekkies, look at the previous week setup. Exit for me (I am still developing my system) was more based on visual price action. Look at that price action, all inside the previous weeks range, its not gong anywhere fast, so I close that basket today with some small profit. Wait for a another setup, and see what happens at the end of this week ready for next week trading..
  • #77,532
  • Mar 16, 2017 5:22pm Mar 16, 2017 5:22pm
...... Is this simple enough than using SL for every individual positions?[/quote]

Thanks for that excellent post ..
One if the missing points in my D1 trading .

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #77,533
  • Mar 16, 2017 5:35pm Mar 16, 2017 5:35pm
Quoting Tekkies
{quote} You just don't learn emmanual. Which of those chart you have posted is TMS. Where is the 5-method in those chart's. Post the W1 chart with the trade's taken. Show the member's how you apply post#647 in plain straight englsh no fancy candle formation jargon. How you applied green goes flat, hook or check mark to close those order's
a picture is worth a thousand words for you who cannot read and comprehend.

Attached Image


two pictures can do more...

Attached Image (click to enlarge)
Click to Enlarge Name: eelfranz post 261.png Size: 261 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,534
  • Mar 16, 2017 5:39pm Mar 16, 2017 5:39pm
Quoting ensale
{quote} Couldn't have said it better.
How about that you put the cheerleader pompoms away and post a trade taken under the TMS method.
Drag the entry point from the Terminal and give an explanation of your entry and exit reasons. This is how newbies learn by following people who can trade the method and not just people who talk the method.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #77,535
  • Mar 16, 2017 5:45pm Mar 16, 2017 5:45pm
Emmanuel, what is the reason that you do not want to start your own thread ?
  • #77,536
  • Mar 16, 2017 5:48pm Mar 16, 2017 5:48pm
Quoting MeLe
Emmanuel, what is the reason that you do not want to start your own thread ?
It's about time he did it. Come on Emmanuel man. Just do it.

And people that subscribe and post will want to trade like you rather than trying to convince people to change the methodology of this thread.
  • #77,537
  • Mar 16, 2017 5:58pm Mar 16, 2017 5:58pm
Quoting TheRock
{quote} .... I'm also the same person that got Mehdi sent to Commerical section. .
About Mehdi' Method 1:

I tested Mehdi Method 1 when he started his thread and found that to be profitable. There were a lot fewer trades but it can make up looking at his 28 pairs and using proper money management.

The problem there was people kept trading H1 and could not make money.

So why was he made a commercial member? I don't know.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,538
  • Mar 16, 2017 6:02pm Mar 16, 2017 6:02pm
Quoting MeLe
Emmanuel, what is the reason that you do not want to start your own thread ?
You ask for reason,

here is one reason.

It was never my ambition to start a thread here in FF Trading System forum.
Everything I shared here will remain here and people can come and pick up the pieces.
Some say 50% are good, the other 50% are rubbish, so use the 50% that are good.

do you want a second reason?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,539
  • Mar 16, 2017 6:04pm Mar 16, 2017 6:04pm
Quoting TheRock
{quote} It's about time he did it. Come on Emmanuel man. Just do it. And people that subscribe and post will want to trade like you rather than trying to convince people to change the methodology of this thread.

@TheRock,

you are wrong.

I traded the same 5-Method for many years long before some new members came along.

I did not change the trading methodology. If you see that I did, then please show us which part of the methodology was changed by me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,540
  • Mar 16, 2017 6:05pm Mar 16, 2017 6:05pm
Quoting emmanuel7788
{quote} About Mehdi' Method 1: I tested Mehdi Method 1 when he started his thread and found that to be profitable. There were a lot fewer trades but it can make up looking at his 28 pairs and using proper money management. The problem there was people kept trading H1 and could not make money. So why was he made a commercial member? I don't know.
He was sent to Commerical section because he had a skype group which there was a link for on his thread.

I joined the group and after a few weeks. He mentioned courses he offered at some crazy prices.

I PM'd him on skype asked him more details about his courses he offered, I think he was saying numbers in the thousands to do one his courses.

I obviously print screened the conversation and posted it on FF. It's still in his thread.

I saved some people alot of money I'm guessing, lol.

His thread is now dead in the Commerical section.
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