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Trading Made Simple

  • #79,581
  • Edited 2:02pm May 9, 2017 1:47pm | Edited 2:02pm
Hi @emmanuel7788
I have gone through Big E's posts pdf (which you provided in one of your post) in the last 3 days multiple times to understand the TMS system. Amazed to learn how he simplified forex trading so well. Hope I can follow it well and make justice to the system. Hope to get your opinions on my trade setups (I will be posting them on regular basis on this thread from now on) so that if I am missing anything you can guide me.
Thanks again and hope everyone makes lots of pips using this system
Here is the first trade (EURGBP Daily timeframe) I have taken on a demo account. Let me know what you think of it.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 52 KB
  • #79,582
  • May 9, 2017 1:53pm May 9, 2017 1:53pm
Quoting Seshwaan
Hi all, Went long on USDCHF on the daily last night. Got in on second candle. I have mainly just stuck to the H4 charts until now so need to work out best practice for SL on the dailys so please ignore this one. This screenshot is from the entry so I should probably add that it is currenlty +40 pips {image}

First time being +100 pips!

Interested in your guys best practices for moving SL at this sort of level? I have moved to BE for now, set on the H1 chart
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.PNG Size: 68 KB
  • #79,583
  • May 9, 2017 2:15pm May 9, 2017 2:15pm
Quoting mizi123
{quote} here it is ignore the entry because i have entered yestrday base on tms dialy signal {image}
Thank you
  • #79,584
  • May 9, 2017 2:18pm May 9, 2017 2:18pm
Message for RajiB4,

I am on the GMT timeframe / daytrading and would like to know more about the TMS system?.

Can you point me in the right direction?

Zaf
  • #79,585
  • May 9, 2017 3:15pm May 9, 2017 3:15pm
Quoting Rafaz1
Message for RajiB4, I am on the GMT timeframe / daytrading and would like to know more about the TMS system?. Can you point me in the right direction? Zaf
Hi Zaf,

You can just follow this post from emmanuel7788: https://www.forexfactory.com/showthr...74#post9826674

For indicators just download them from Page 2, post#25

Hope this helps

Rajib
  • #79,586
  • May 9, 2017 3:33pm May 9, 2017 3:33pm
Quoting jansb000
{quote} I took the exact same trade. Took it out today without a loss. The way it was going it clearly didn't go as I expected. Thats a reason for me to come out a trade asap.

We live and we learn!
  • #79,587
  • May 9, 2017 4:14pm May 9, 2017 4:14pm
EURUSD sell on the daily. It is on 3rd candle however my reasoning for doing this is that it is debatable whether or not the first candle (the bearish pin bar) should be considered candle 1 or not. I am leaning more towards that being the trigger for the reversal and the reversal actually starts on the next candle as that one is crossing the lilac 5 EMA . Looking further back on this chart the reversals tend to be 6+ candles on the daily so hopefully this one is the same..

Anyone else in this? Interested to hear reasons why or if not why not?

Let me know if i'm posting too many pictures haha
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD daily sell.PNG Size: 66 KB
  • #79,588
  • May 9, 2017 5:34pm May 9, 2017 5:34pm
Quoting mizi123
{quote} For more confirmation marked candle need to end down under violet 5 sma line or tomorow candle stil early. {image}
Can you sure your settings for both the SMA's please?. thank you.
  • #79,589
  • Edited 6:40pm May 9, 2017 6:28pm | Edited 6:40pm
Quoting rajib4
Hi @emmanuel7788 I have gone through Big E's posts pdf (which you provided in one of your post) in the last 3 days multiple times to understand the TMS system. Amazed to learn how he simplified forex trading so well. Hope I can follow it well and make justice to the system. Hope to get your opinions on my trade setups (I will be posting them on regular basis on this thread from now on) so that if I am missing anything you can guide me. Thanks again and hope everyone makes lots of pips using this system Here is the first trade (EURGBP Daily...
Hi,

looking at both EURUSD and GBPUSD in the recent days, the EURUSD being the weaker one since this week opening, I am looking at EURUSD to move lower to 1.0850 and 1.0810, and if GBPUSD stays in very narrow range trading today, then your trade will move into bigger profits.
Techncially on your D1 chart, it has overcome the recent support seen to the left.
Keep in the mind that very big bar/candle on April 18 and the weekend gap if Apr 21 close to Apr 24 open.

Good trading and now you have to manage this trades.

Edit: add chart below. Learn to read the price action with clean charts.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 19 May 10 PA.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,590
  • May 9, 2017 6:54pm May 9, 2017 6:54pm
Everything you want to know about Pivots and trading with TMS 5-Method:

Old posts to read.

https://www.forexfactory.com/showthr...la#post6919892
https://www.forexfactory.com/showthr...la#post6936837
https://www.forexfactory.com/showthr...la#post7253929
https://www.forexfactory.com/showthr...la#post9068445
https://www.forexfactory.com/showthr...la#post9104716
https://www.forexfactory.com/showthr...la#post9131002
https://www.forexfactory.com/showthr...la#post9132011
https://www.forexfactory.com/showthr...la#post9132790


There is good study materials at babypips.com on Pivot Points. Here is the link:
http://www.babypips.com/school/middl...l/pivot-points

Spend your precious time and learn the way Big E traded when he first started out in 2008 as a newbie like we all. I am sure he knew about pivots since he was a stock traders for many years. I used pivots in my early years of trading. I decided to drop them and focus on how professional traders trade with price action and support/resistance.
If we place our focus at the price level 00, 25, 50 and 75, and the CONFLUENCE of Previous Price Action PPA with recent support and resistance, we will see how price reacts at these levels.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,591
  • May 9, 2017 6:59pm May 9, 2017 6:59pm
USDJPY Week 19 May 10:

After a nice 12 days bullish rally, today may see a pullback so we be careful if we are chasing buy add-ons.

Trade Well, Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,592
  • May 9, 2017 7:03pm May 9, 2017 7:03pm
AUDUSD Week 19 May 10:

Still in sell mode until weekly range exhaustion ... or at 0.7300 which comes earlier.

I am waiting to hit my week's target of 10%.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,593
  • May 10, 2017 3:14am May 10, 2017 3:14am
Quoting emmanuel7788
AUDUSD Week 19 May 10: Still in sell mode until weekly range exhaustion ... or at 0.7300 which comes earlier. I am waiting to hit
my week's target of 10%.
Hi Emm,
I have some questions about ME/ME, I'm a bit stuck on a couple of things relating to trade management, they are:

1) If for example taking a more aggressive buy entry from below the 10ema (opposite for sell), and the scale in limit orders would exceed the cutloss level calculated from the 10ema, what do you use as the alternative cutloss level and position sizing. I am using this cutloss level in my backtester for positions sizing (which might also be part of the problem).

2) Can you just clarify why you have cutloss and not just use hard SL(s). Is this because you wait for price to close over the cutloss level, instead of price just trading in that area, which is where the capital / equity protection will manage max drawdown?

Thanks :-)
  • #79,594
  • Edited 4:23am May 10, 2017 3:30am | Edited 4:23am
Dear Folks ;-)
The last weeks and months I testet a lot of tools for the multi order management..
.. wasn t happy with all of them .. but now it looks like my buddy Mokuro did a nice job and
developed a tool I can work with.
Since yesterday night I opened a seperate demo to test his " tool " under regular conditions.

Heres a EG entry, moderate style.. ME purpose ..

We are in front of a weekly ( very often tested ) support line.

Well see if it breaks or not.. if yes, we have Empty space for about 400 pips
BUT :

When Emmanuel backtested the " D1 PAC " there were no Support/ Resistance lines as well ;-)
I had a valid moderate style entry and I took it right.

Stay tuned
Guido
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPDaily10.5. entry D1 EG multi entry.png Size: 66 KB
Click to Enlarge Name: EURGBPDaily 10.5..png Size: 68 KB
Risiko birgt immer auch die Chance.
  • #79,595
  • Edited 6:33am May 10, 2017 5:38am | Edited 6:33am
Hello Rajib,

Many thanks for the prompt response.

I have downloaded the 2 PDFs regards the TMS system to read and follow.

I am still struggling to find and download the TMS templates and was hoping you could mail them to me at { email address deleted by staff }

I am based in Birmingham, United Kingdom and using FxPro/Metatrader 4 software and day trading hourly and 4 hourly and concentrating on currencies GBP vs AUD/CAD/JPY/USD. I am very much new to forex.

I was hoping that the strategy would work for trading the times and currencies I have mentioned?.

I look forward to your response.

Regards
Zaf
  • #79,596
  • Edited 6:43am May 10, 2017 6:26am | Edited 6:43am
Quoting Sesamstrasse
Dear Folks ;-) The last weeks and months I testet a lot of tools for the multi order management.. .. wasn t happy with all of them .. but now it looks like my buddy Mokuro did a nice job and developed a tool I can work with. Since yesterday night I opened a seperate demo to test his " tool " under regular conditions. Heres a EG entry, moderate style.. ME purpose .. We are in front of a weekly ( very often tested ) support line. Well see if it breaks or not.. if yes, we have Empty space for about 400 pips BUT : When Emmanuel backtested the " D1 PAC...

I am currently in this too.

It actually looks like it has just broken into that support area rather than bounce straight off on the current candle so I am optimistic with this
  • #79,597
  • May 10, 2017 6:33am May 10, 2017 6:33am
Quoting Seshwaan
{quote} I am currently in this too. It actually looks like it has just broken that support line on the current candle so I am optimistic with this
The weekly support line I marked is around 83.40 .. not broken yet.
But what gives me confidence to stick to it is the stable bounces and lower highs after bouncing..
-- below 8250 a daily open would be nice ;-)

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #79,598
  • May 10, 2017 6:53am May 10, 2017 6:53am
Hello all,

Can anyone advise how to download and install the 4 files from the top of this thread to FxPro/Metatrader 4 software?.

Thanks in advance
  • #79,599
  • May 10, 2017 6:58am May 10, 2017 6:58am
Quoting Rafaz1
Hello all, Can anyone advise how to download and install the 4 files from the top of this thread to FxPro/Metatrader 4 software?. Thanks in advance
http://www.babypips.com/school/under...se-metatrader4
http://www.babypips.com/school/under...ndicators.html
  • #79,600
  • May 10, 2017 10:12am May 10, 2017 10:12am
Mizi,

Thanks for that but it doesn't help.

I am wanting to take the 4 files from the top of this thread and install into metatrader 4 software.

Thank you
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