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Trading Made Simple

  • #79,201
  • Apr 24, 2017 12:19am Apr 24, 2017 12:19am
Quoting emmanuel7788
{quote} EURUSD Week trades closed ... 698pips jackpot does not happen all the time, but when we follow the higher TfFweekly and monthly and use the TDI in Moderate mode, the probability is there. {image}
You mean that you trade basing on the Big Picture which is: Monthly as the Big Boss, Weekly as the Boss, and Daily is the Worker => Waiting for the Worker following the direction of the Big boss and the boss.
  • #79,202
  • Apr 24, 2017 12:35am Apr 24, 2017 12:35am
Quoting pdduc13
{quote} You mean that you trade basing on the Big Picture which is: Monthly as the Big Boss, Weekly as the Boss, and Daily is the Worker => Waiting for the Worker following the direction of the Big boss and the boss.
.... " Monthly as the Big Boss, Weekly as the Boss, and Daily is the Worker"

These are terminologies used by professional trader strat here in FF.

also PASR is his acronym for Price Action at Support/Resistance.

I learned strat's price action patterns - BUEB, BEEB, BUOB, BEOB, and apply them to interpret big candles and small candles what Big E mentioned in Post#647.

I followed strat's The Path and learn a lot from him and apply what I learn to trade Big E's 5-Method.

http://www.stratsforextrading.com/dokuwiki/doku.php
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,203
  • Edited 1:24am Apr 24, 2017 1:13am | Edited 1:24am
Good morning friends update start of the second week these is demo account just for testing purposes.....
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  • #79,204
  • Edited 3:11am Apr 24, 2017 1:44am | Edited 3:11am
My 2 cents for period ahead friends EUR/GBP and CAD/JPY LONG
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  • #79,205
  • Apr 24, 2017 3:27am Apr 24, 2017 3:27am
Quoting TheScorpS
{quote} {quote} At the time I started trading , I came across Xman thread , there were Phx62 and Dee50, and other super trader, that knows what to do, and have reached there goal long before I started trading , I was fascinated by Phx62 style and clarity , simplicity , using TMS strategy and Price Action, but was not my time to be a trader, as it needed lot of works , hard work to find ground, so I started studying Phx62 and Big E books, but then went in depth to study Phx62 books that he shared and a generous trader here with us complied those...
Very good post as far as I am concerned because it is exactly what I think and my story with Forex (discovery of Forex trading , then Forex Factory , Xman , Eelfranz , Phx62 , LE1 , and at last Likica !). five years after , I only reach now the point of being confident and understanding almost every thing which is going on , in this market ! The road till being such a good trader as those people is still long but I have now time , sereinity and confidence as I am no more losing which is the beginning of earning according to me !
  • #79,206
  • Apr 24, 2017 3:42am Apr 24, 2017 3:42am
Quoting bodal
{quote} Very good post as far as I am concerned because it is exactly what I think and my story with Forex (discovery of Forex trading , then Forex Factory , Xman , Eelfranz , Phx62 , LE1 , and at last Likica !). five years after , I only reach now the point of being confident and understanding almost every thing which is going on , in this market ! The road till being such a good trader as those people is still long but I have now time , sereinity and confidence as I am no more losing which is the beginning of earning according to me !
I forgot to say that I learned a lot of thing in this thread and with Emmanuel but I begin to be seriously bothered by all the discussions , fights , and posts having nothing to do with tradind !
  • #79,207
  • Apr 24, 2017 3:44am Apr 24, 2017 3:44am
Quoting Simba
Didn't hit TP so closed before the weekend. See you all next week! {image}
good job

the gap would kill your trade
  • #79,208
  • Apr 24, 2017 3:49am Apr 24, 2017 3:49am
Quoting bodal
{quote} I forgot to say that I learned a lot of thing in this thread and with Emmanuel but I begin to be seriously bothered by all the discussions , fights , and posts having nothing to do with tradind !
When a house lose his creator these is happening, even if emanuel is very constructive and helps alot
  • #79,209
  • Apr 24, 2017 4:38am Apr 24, 2017 4:38am
AUDUSD
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  • #79,210
  • Apr 24, 2017 5:35am Apr 24, 2017 5:35am
Quoting erap
AUDUSD {image}

For my learning purposes, this would be considered a late entry? Would it not? Too late?

Cheers,
  • #79,211
  • Apr 24, 2017 5:48am Apr 24, 2017 5:48am
Quoting mizi123
Good morning friends update start of the second week these is demo account just for testing purposes..... {image}
Hey please explain the rule?
  • #79,212
  • Apr 24, 2017 6:28am Apr 24, 2017 6:28am
Quoting emmanuel7788
{quote} This old post by 2scoops is an important one. 2scoops was one of the pioneer members who was active with Big E in this thread. Then you go to his profile and read his update why he stopped trading as of Dec 2016. You can try, keep trying and trying and trying. But at some point, you will have to make that hard decision like he did. This spot forex trading is a very tough business to put your hard earned money into.
I think what people failed to realise is that a system can only bring you this far and then everything else is decided by other fundamental factors like your trading mentality, discipline and money management.

I have seen people joining and leaving trading system every now and then once they screw up their trades.

I will put up a simple scenario :

Let's say TMS has a win ratio of 50% and my system has a win ratio of 70% but if I trade recklessly, even if my system has a higher win ratio, I will still end up blowing my account.

Having said that, I do agree to certain extent that you have to suit yourself to the market. There will come a time where TMS is no longer effective and that's when you have to adapt to the market.
  • #79,213
  • Apr 24, 2017 6:52am Apr 24, 2017 6:52am
Quoting dharmikpatel
{quote} Hey please explain the rule?
Here they are
That's more or less the way I trade on the D1. I don't like repeating over and over again the same rules I mentioned before, so if you want scroll back a few pages. Keep it simple. OK folks, one more time, the last..... these are my rules. Try it for yourself, first on DEMO! I am doing this too now for several weeks and I have been made a very good Profit.

1. TDI crossing green/red.
1a. At the same time look at the Price Action HA candles. Is it the first or second candle? Yes? Go!
1b. Be careful when the crossing green/red is not a sharp angle
1c. and when the level is < 32 for SHORTS and > 68 for LONGS.
1d. You have to be careful too if the crossing takes place for LONGS under the yellow line of the TDI and opposite for SHORTS above the yellow line.

Attention! Rules 1b - 1d won't say that you can't take a trade when this happens but be careful!!!

2. Stoploss and Take Profit rules
2a. Stoploss Fixed 200 pips or last SwingHigh for shorts / last SwingLow for longs.
2b. When there is an opposite crossing of green/red TDI go out immediately.
2c. No Fixed Take Profits.
2d. If 100 pips in favor adjust your stoploss to Entry + 10 pips.
2e. When 150 or whatever you like pips in favor adjust your Stoploss again. At 200 the same. Etc. etc. Let profits run, use your common sense how to do. Look at TDI and PA candles.

Remember thoughts Eelfranz when a crossing green/red occurs and at the same time color changes Heikin Ashin Bars For how many times these Colored Bars will keep the same color..........Do you get the point?

Forget looking at "confirmation" to so called Support/Resistance levels. Man.... What are these levels telling you? On each different timeframe you get different levels, the same as Pivot Points. Forget Stochastics, forget EMA+5 shifted, forget Fibonacci and all other crap.

Keep it simple for the last time. All those indicators pulling you away from triggering, you start to doubt, get fear, confusing, confusing........
Trade one time a day, I prefer doing this at 05.00 EST when a "new day" starts on the FOREX Market. Find a broker which will close the Daily at 05.00 EST or Sydney opens. This is the same.

Good luck to you all and happy trading!
  • #79,214
  • Apr 24, 2017 3:06pm Apr 24, 2017 3:06pm
Quoting mizi123
{quote} 1c. and when the level is < 32 for SHORTS and > 68 for LONGS.
I like your entry exit rules but not sure of this part 1c. Do you mean this?
  • #79,215
  • Apr 24, 2017 6:09pm Apr 24, 2017 6:09pm
New York closed 2 hours ago and Sydney opened 2 hour ago.
Do you see any trade setups on D1 charts?

Tokyo will open in about 1 hour time (GMT0000), what will you do you if you missed an entry when Sydney open?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,216
  • Apr 24, 2017 6:17pm Apr 24, 2017 6:17pm
Quoting mizi123
My 2 cents for period ahead friends EUR/GBP and CAD/JPY LONG {image} {image}

You ignored the fact that both of these pairs have huge price gaps and the APB/HA candle conceals this.
The TDI default setting uses the Close price and did not see the price gaps.
This is the flaw in using technical indicators for trade signals.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,217
  • Apr 24, 2017 6:33pm Apr 24, 2017 6:33pm
Quoting mizi123
Good morning friends update start of the second week these is demo account just for testing purposes..... {image}

Your NZDCAD trade example:
entry was on April 17 , was good
but if you had left it to run and exit when the next d1 candle closes with a change in colour, this trade will still be running.
You can also use Trailing stop - Trail_By_Prev candle High/Low, this mean the current Trailing stop is below the Low of April 19.
Note that April 21 and 24 did not make high highs.
If today's April 25 candle makes a higher high, then the Trail_By_Prev candle High/Low will be moved to below April 24 Low-5pips.

THV Cavemanager does this trade management work for you.

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*** BRN 0.9500 warning ****
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,218
  • Apr 24, 2017 10:47pm Apr 24, 2017 10:47pm
Quoting emmanuel7788
New York closed 2 hours ago and Sydney opened 2 hour ago. Do you see any trade setups on D1 charts? Tokyo will open in about 1 hour time (GMT0000), what will you do you if you missed an entry when Sydney open?
Hello Emm,

I don't see any good setups on D1, nearly all GBP-pairs rides in the range of 18th april and EUR-Pairs has all huge GAPs at the beginning of the week. AUD has today bank holiday so there are no possibilities. I would stay aside from the market today.

regards
  • #79,219
  • Apr 24, 2017 11:44pm Apr 24, 2017 11:44pm
Good day Fellow Traders.

This is my first 'TMS' trade on Demo TE.

If I'm making any mistake, please point it out, all the critics are welcome.

According to member Tekkies TDI is the Holy Grail, so I think there's no way this trade can go wrong LOL.

Good luck with your trades.
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  • #79,220
  • Apr 25, 2017 12:24am Apr 25, 2017 12:24am
Quoting Deichkind
{quote} Hello Emm, I don't see any good setups on D1, nearly all GBP-pairs rides in the range of 18th april and EUR-Pairs has all huge GAPs at the beginning of the week. AUD has today bank holiday so there are no possibilities. I would stay aside from the market today. regards
After watching that Boris Schlossberg video, I like to ask these:-

1) How many times do you want to trade in one day?

2) How many trades do you want to make in one day?

Let me hear some of you answer these questions above.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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