thanks guys for your replies, very helpful
I will follow them on twitter and make sure I check all news b4 any new trades
I will follow them on twitter and make sure I check all news b4 any new trades
Trading Made Simple the right way, and other trading lessons 333 replies
Monitor for 'Trading Made Simple' system 563 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
DislikedI would advise you to set them up as you see fit, what do you think is a good slope to your eye?
However Plamen is using these settings (or he was two weeks ago). I still use these settings:
Slope Threshold: 4.5
Bounce Threshold: 3.0 (last 2 slopes unsigned difference)
Bounce Min Slope (Green slope when bouncing): 3.8
Bounce Max Distance: 2.7
Then set a minimum candle size threshold - maybe 10 for H1 20 for H4 50 for the Daily? - choose your own, maybe a customised one for each pair.Ignored
DislikedWhat a pity, I blindly followed the indicators on the EUR/AUD 4 hour. It showed a short. I went short - trade is not over but sitting at 20 pips loss.Ignored
DislikedLain - yeah I got lucky closed out +22 pips this morning. Last night I thought well EUR is down against everyone but holding against AUD see what London brings and yep it went down.
Also did good on EUR/JPY and CHF
so good night.Ignored
Disliked1. I'm pretty sure it doesn't repaint at the end of the time frame - no guarantee though
2. Nothing sexy, just the standard entry and exit according to the TMS rules the only caveat being that I wait for the trigger lines to change colour. Take all the usual stuff into consideration ie TDI cross, S&R, strength of trend - how many bars etc, what are the higher TF's telling me, upcoming news.
I decided to take the CHFJPY with a half lot trade just to see if how it would pan out.Ignored