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Trading Made Simple

  • #79,281
  • Apr 26, 2017 2:24am Apr 26, 2017 2:24am
Quoting emmanuel7788
{quote} both look good. GBPNZD - I will closely watch how the market will react around the BRN 00 levels 1.8500, 1.8600. Target is 1.8650 which ia key MN swing level. Watch that D1 candle which closes across this level, usually is a big body candle. NZDUSD - BRN 0.6900 below and also the curnnet MN low which was the last swing low, possible support there. Also last month low in that region. count on strong USD vs COMMOD pairs AU, NU and UCad. listen to London market session today and rest of this week.

GBPNZD and NZDUSD are on target .... we shall see what the London traders will do after Tokyo closing soon.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,282
  • Apr 26, 2017 2:27am Apr 26, 2017 2:27am
Quoting emmanuel7788
Do Not let public forum noise affect you and your trading. Likewise, learn to avoid trading the market noise. My Trade Explorer again open for public viewing for limited time only. Other TMS ME/ME account is still available to those who are members at FX Blue. Good trading folks. Trade Safe , always trade with stop loss.
Your special Emmanuel .. selfless sharing and a brilliant trader.

How we have you here, I don't know.. Haha. . 7 years TMS..
It's in fear when people show what they truly value.
  • #79,283
  • Apr 26, 2017 2:48am Apr 26, 2017 2:48am
Hi All

I received this from my broker. Just heads up if you going to be holding positions overnight:

"As per [my broker's] commitment and resources focused to help manage and reduce, where possible, the SWAP rates, please note the following for May SWAPs...

1) May 1st is a Bank holiday in many countries causing a long weekend and [my broker] will be charged by the Liquidity Providers 4x the daily SWAP rates for the pairs affected this Wednesday April 26. But, to help reduce SWAPs for clients, [my broker] will only be charging the normal 3x rate on Wed night.


2) Japan has three holidays in a row May 3, 4, & 5, combining with the weekend of the 6 & 7. Therefore, all JPY pair SWAP rates on Friday night April 28 will be 6x the normal daily rate. This set of holidays SWAP rates are too much for [my broker] to absorb, therefore the 6x charge will be applied to all [my broker] accounts on April 28, so please plan accordingly."

So check with your brokers to see if their SWAP rates will be affected :-)
  • #79,284
  • Edited 7:55am Apr 26, 2017 7:14am | Edited 7:55am
Took this trade off the h4 although looking for some daily downside, we`ll see
Attached Image(s) (click to enlarge)
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  • #79,285
  • Edited 1:35pm Apr 26, 2017 7:55am | Edited 1:35pm
Excellent Tekkies

Between your more than 900 posts, this is the only one at least I consider it's not garbage.

I knew you did actually have a good brain, just I don't know why sometimes you pretend to be a hollow head.

Quoting Tekkies
{quote} Flash I enjoy it when people make fun of me, hope this post make you Why are you so concerned about how I trade TDI / TMS? Basically all your post's so far is about Tekkies and how he misguide / misinform / misinterpret BigE's post or goading other members to respond negatively.
I don't really care the way you trade TDI/TMS because I know you're not profitable with it yet,

but as I explained and repeated in my previous posts what it really disturbs me it's the members here who defend/recommend trading exactly as it is described in the first post,

but how can they do it if none of them is actually trading that way, they're not profitable and not even they have back-tested and forward-tested this strategy?

Quoting Tekkies
{quote} You should reread my post's. It is and was always do not add / change / alter this method. To follow BigE's method as laid out by him. EA, lower time frame, trailer stop is my way of how I have fine tune TMS. Neither do I post about those EA, lower time frame, trailer stop unless directly asked.
Exactly you don't trade exactly like Big E, you found a way to fine tune your entries by your own and that's good.

Quoting Tekkies
{quote} No matter how hard you try to emulate BigE, you will not be able to TRADE like BigE for you are not BigE. You do not have the same knowledge / experience. One part of your post sum up the whole dilemma with your attempt project with BigE's method. "that's the valid bounce setup for me" Would BigE have taken the same trade? Would he have considered that a valid bounce setup? I don't know and neither does any member in this forum. You should rather concentrate on how you trade with TDI / TMS....
I think your subconscious tricked you very hard with this comment because it fits you perfectly.

You're right no matter how hard we try to emulate any other trader, we cannot do it because at the end of the day, we're all different.

Your post should be kept as future reference for the newbies who comes here and try to emulate exactly what Big E did and they're not succesful with it.

Then they must find a way to "fine tune" TMS to their personality.


----------------------------------

Quoting Tekkies
{quote} The very first trade with this method all rules were not followed. How many other rules are not going to be followed or ignored, are you still going to claim the demo account is trade according to BigE TDI / TMS method.
Yes, I trade according to Big E TMS because I folllow the essential part of this method: Green Line Crosses Red one or Bounces back.

The rest was only Big E personal style and as you said, we cannot emulate him perfectly.


Besides your reading comprehesion when analysing my posts was lousy since you missed the key word:

Quoting ReverseFlash
{quote} taking setups only when green crosses red on the TDI, trying to emulate as similar as possible Big E style on the 4H chart. I won't use any EA nor TS like you do. Unfortunately there are certain things, I cannot emulate like eelfranz's trading hours.
-

Quoting Tekkies
{quote} Here are three more points you did not follow.
- BigE trade with full lot - You trade with 0.5 lot
Yes, I said was going to trade with full lots but in this case as I chosed G/N which volatility is too high, I had to reduce to 0.5 lots.

Simple discretioanry rule.

Quoting Tekkies
{quote} - BigE chart's e/u, g/u e/j, a/u left to right these below u/chf, u/j, g/j , u/cad You trade on GBPNZD
I already explained I cannot trade only those pairs because I'm only able to watch 4H charts one time per day so necessarily I had to add more pairs, the first 14 I said in my posts weren't neither enough so now I have 20.

E/U, G/U, A/U, N/U,U/C

E/J, G/J, U/J, A/J, N/J, C/J

E/A,E/N,E/C,E/G,

G/A,G/N,G/C,

A/N,A/C

Quoting Tekkies
{quote} BigE deposit $10 000 - Your demo account $50 000 You can not even adhere to your own word's in your post.

This part is ridiculous and if I apply the same risk to the $50k like the $10k one, this wouldn't matter.
Do you also want me to get insomnia so I wake up every 4 hours in the early morning? sorry but I can't do that; with all due respect to eelfranz.

Quoting Tekkies
{quote}when green crosses red on the TDI, trying to emulate as similar as possible Big E style on the 4H chart.
That's right: trying. You missed the most important word.

Quoting Tekkies
{quote}So let us stop these senseless post's and help each other to become better trader's.
I agree.

And thank you for providing us with an useful information for the newer members who come in this thread and try to emulate Big E first post now they will read your post and understand it is not possible to be someone else and that they must fine tune the method to fit their personality like you did.

Thanks a lot Tekkies, good post.

Good luck with your trades.
  • #79,286
  • Apr 26, 2017 10:11am Apr 26, 2017 10:11am
Quoting emmanuel7788
{quote} GBPNZD and NZDUSD are on target .... we shall see what the London traders will do after Tokyo closing soon.
Yeahhh. GN and NU is good.
When should we close it?
  • #79,287
  • Apr 26, 2017 11:07am Apr 26, 2017 11:07am
Quoting emmanuel7788
Do Not let public forum noise affect you and your trading. Likewise, learn to avoid trading the market noise. My Trade Explorer again open for public viewing for limited time only. Other TMS ME/ME account is still available to those who are members at FX Blue. Good trading folks. Trade Safe , always trade with stop loss.
Hello Emmanuel7788, can you help me on TDI set up. I could not find the yellow line indicator on MT4. I attached the screen shot so far that's what I got. Thank you
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  • #79,288
  • Apr 26, 2017 12:00pm Apr 26, 2017 12:00pm
AUDCAD short on H4. TP 50 pips, SL 50 pips. 0.5% risk

AUD weakness got me over the line.

Attached Image (click to enlarge)
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Hakuna Matata
  • #79,289
  • Edited 2:20pm Apr 26, 2017 12:28pm | Edited 2:20pm
Hi Guys,

First of all thanks to everyone in this thread for your time. I started reading this on Friday last week and didn't spot the number of pages so I am pretty sad to see that Big E is no longer posting from what I can see? But if you are reading somewhere Big E, I want to thank you wholeheartedly for sharing your knowledge.

I am only up to around page 40 of this, still somewhere in 2011, as I work full time so haven't been able to read as quick as i'd like.

I have only recently been learning the ins and outs of Forex, making my way through the school on babypips.com and watching as many videos as I can. I opened a demo account about 3 weeks ago to familiarize myself with mt4 and try out some idea's I had after learning various things. I have mainly stuck to learning price action, support/resistance lines and Fibonacci and then playing around on the demo account.

For the first 2 weeks I didn't really have much of a strategy other than mainly looking for fib retracements following any half decent trend I could find... In that time I'd say I made 10+ trades and only one closed in profit and that was tiny...

As I said I found this thread late last week and made a template with only the necessary indis on - Synergy, TDI, 5EMA and Stochastics. Unfortunately it was Friday evening by that point so I just looked back over some of the old charts looking out for entries exists etc.. whilst i waited for Monday to test it out live.

Results so far -

Monday - 7 trades. 3 profit 4 loss
Tuesday - 4 trades. 3 profit 1 loss
Today - 5 trades on, 4 are in profit at the moment with stop losses moved up past BE on 2 and 1 came up but dropped back down again so is currently down.

I do have screenshots of all my entries and plan to screenshot exits also but dont think I can post them as a newbie?

Took a screenshot of an exit earlier and decided against it, went +5 pips in my favour 5 mins later!

I am planning on testing this more and getting used to picking out the best entries/exits and will then move to microlots and see how it goes.

Looking forward to sharing it here.
  • #79,290
  • Apr 26, 2017 2:16pm Apr 26, 2017 2:16pm
Just spotted a nice looking entry on CADJPY H4. I've taken it. Can anyone take a look and see if they agree?

https://gyazo.com/608c03c1e10a14575bfc6c097b2276c2
  • #79,291
  • Apr 26, 2017 2:26pm Apr 26, 2017 2:26pm
Quoting Seshwaan
Looking forward to sharing it here.
what is your stop loss looking like? are you using the h4 chart or the minute charts?
  • #79,292
  • Edited 4:37pm Apr 26, 2017 2:51pm | Edited 4:37pm
Quoting dsdoung
{quote} Hello Emmanuel7788, can you help me on TDI set up. I could not find the yellow line indicator on MT4. I attached the screen shot so far that's what I got. Thank you {image}
Hi,

Take a look at the post below and read up on the different versions of the TDI. The one you are currently using does not have the MBL (yellow line).

https://www.forexfactory.com/showthr...64#post9728064

Best
N
  • #79,293
  • Apr 26, 2017 3:00pm Apr 26, 2017 3:00pm
Quoting cyguy
{quote} what is your stop loss looking like? are you using the h4 chart or the minute charts?
I just use the previous candle high, usually the close/open of it but depending on how close to entry it is i will sometimes use the wick. I always use H4 at the moment.

That CADJPY I entered has started to drop. This is potentially going to be the most stupid question but can someone take a look at this and confirm that I am right in thinking profit showing 239 is 23.9 pips?
  • #79,294
  • Apr 26, 2017 3:51pm Apr 26, 2017 3:51pm
Ok I apologize for spamming the thread but I just spotted this beauty as I had one last look though the charts before I hit the sack. Entered about 10 mins ago.

https://gyazo.com/63f1e6820559b2e1c8cfd406381194a7

We shall see how we do in the morning.

Good luck all.
  • #79,295
  • Apr 26, 2017 4:23pm Apr 26, 2017 4:23pm
Quoting Seshwaan
Ok I apologize for spamming the thread but I just spotted this beauty as I had one last look though the charts before I hit the sack. Entered about 10 mins ago. https://gyazo.com/63f1e6820559b2e1c8cfd406381194a7 We shall see how we do in the morning. Good luck all.
Has been making hh, hl`s mbl pointing north, the daily tdi still pointing north, although there is div showing, I would wait for more confirmation, but any trade can work!
Attached Image (click to enlarge)
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  • #79,296
  • Apr 26, 2017 5:40pm Apr 26, 2017 5:40pm
Just entered AUDUSD after day open candle ( FXCM GMT+2), reviews will be much appreciated by Emmanuel / TMS traders

Reasons for trade
1) APB Candle closed below PAC
2) PAC trend down
3) D1 TDI green below red, yellow and 50
4) Price below 200 EMA
5) W1 TDI green line below 50

The only drawback in this trade is the support area but if broken there will be enough empty space.
Attached Image (click to enlarge)
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  • #79,297
  • Apr 26, 2017 6:40pm Apr 26, 2017 6:40pm
Quoting mazibee
Just entered AUDUSD after day open candle ( FXCM GMT+2), reviews will be much appreciated by Emmanuel / TMS traders Reasons for trade 1) APB Candle closed below PAC 2) PAC trend down 3) D1 TDI green below red, yellow and 50 4) Price below 200 EMA 5) W1 TDI green line below 50 The only drawback in this trade is the support area but if broken there will be enough empty space. {image}

Good.
There are several good D1 trade today when Sydney open.
Careful with Bank of Japan policy rate this morning and the market reaction to liquidity and volatility which which can affect most pairs today and also later when the European markets sessions - Frankfurt and London market open.

Trade Well and Trade Safe ahead of the big weekend ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,298
  • Apr 27, 2017 12:16am Apr 27, 2017 12:16am
Quoting mazibee
Just entered AUDUSD after day open candle ( FXCM GMT+2), reviews will be much appreciated by Emmanuel / TMS traders Reasons for trade 1) APB Candle closed below PAC 2) PAC trend down 3) D1 TDI green below red, yellow and 50 4) Price below 200 EMA 5) W1 TDI green line below 50 The only drawback in this trade is the support area but if broken there will be enough empty space. {image}
I'm also in AUDUSD at the new Daily-Candle, HA close under PAC, TDI green under 50/red/yellow, PAC points down, weekly/monthly under MA 10. when I look on line chart the weekly/monthly line has been broken, so I entered the trade. Also on COT there would be fewer Long position since last week. Otherwise I see no other setups on D1.

regards

Attached Image (click to enlarge)
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  • #79,299
  • Apr 27, 2017 12:36am Apr 27, 2017 12:36am
Quoting Scrambleguy
{quote} Has been making hh, hl`s mbl pointing north, the daily tdi still pointing north, although there is div showing, I would wait for more confirmation, but any trade can work! {image}

Ahh thats my bad for not spotting that. Well.. lesson learnt!

Got screwed on both JPY pairs overnight. Intially went in my favour and i'd like to think that if I was awake at the time I would have exited in profit when the tdi hooked back up. Well at least I have learn't from it. I am just going to leave them in as they haven;t quite hit SL yet.

I think the trades were ok to take shorter term, admittedly I did not realise that when I took them but will take it a lesson learnt.

@ emmanuel7788 that was a great call and looks like JPY hasn't reacted well looking at all the JPY pairs, nothing major but enough to take my trades south.

The annoying part is I read the post earlier in the day yesterday about the japanese holidays etc coming up and contemplated staying out of the JPY pairs. Should have done that!
  • #79,300
  • Apr 27, 2017 1:48am Apr 27, 2017 1:48am
I think I am going to change my exit strategy, I seem to leave my trades open too long hoping it will continue to then lose sometimes 10-20 pips on a retracement. If I see something hit 15-20 pips profit I am going to just clsoe the trade and look for a new one.

3 of my trades yesterday were +10 or more pips and I left them and they either dropped down to 1 or 2 pips or even went into the negative.

Anyone got any other suggestions of what they do to lock in profits? I was thinking about moving SL to BE but most of that time that would be within the same candle so I always just think that price may spike back up and stop me out...

EDIT -

Just found this little gem of wisdom from the man himself back on page 59

Quoting eelfranz
2scoops, Instead of trying to hit a home run on each trade... Have you just considered setting your Take Profit to 30 or 50 pips and forget it... just an idea...
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