Trading Made Simple | Page 5090 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #101,781
  • Mar 23, 2020 7:59am Mar 23, 2020 7:59am
GBPUSD Mar 23 M2 ... 1-2-3 trade

lots of these price action trades,

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Mar23 M3 1-2-3 break 23-3-2020 8-55-58 pm.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,782
  • Mar 23, 2020 7:59am Mar 23, 2020 7:59am
When a new candle opens, how long do we hold out determining direction while the RSI is flat?
  • #101,783
  • Mar 23, 2020 8:03am Mar 23, 2020 8:03am
Quoting amiralifx
live trading buy [email protected]
exit two orders with -60 pips
  • #101,784
  • Mar 23, 2020 8:04am Mar 23, 2020 8:04am
Time for a small reminder:

This thread, hijacked and pinched from eelfranz, sadly long time ago converted to an unrewarding thread.
Have a look at viewers/members: 25/5 here and 103/40 at Pivot Trading (only one example), quantity isn't equal to quality though.
But if quantity AND quality getting weak ...

Interested learners have a look to the few solid & profitable methods, eg Genesis.

Good luck
josch
trading is war - life is simple
  • #101,785
  • Mar 23, 2020 8:07am Mar 23, 2020 8:07am
Will rather stay with what BigE started this thread with: TDI red green.
Removed all indicators, keep TDI.
- Trade from crossover to crossover.
- Enter trade at beginning of the cross-over bar.

Some you win, some you loss with the winner's far more then the loser's.
Attached Image
  • #101,786
  • Mar 23, 2020 8:10am Mar 23, 2020 8:10am
Quoting josch
Time for a small reminder: This thread, hijacked and pinched from eelfranz, sadly long time ago converted to an unrewarding thread. Have a look at viewers/members: 25/5 here and 103/40 at Pivot Trading (only one example), quantity isn't equal to quality though. But if quantity AND quality getting weak ... Interested learners have a look to the few solid & profitable methods, eg Genesis. Good luck josch
You should ask Deltaone about his viewpoint about Pivot Trading. Am pretty sure they are not the same as yours.
  • #101,787
  • Mar 23, 2020 8:11am Mar 23, 2020 8:11am
Quoting emmanuel7788
GBPUSD Mar 23 M2 ... 1-2-3 trade lots of these price action trades, {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Mar23 M3 1-2-3 break 23-3-2020 8-55-58 pm.png Size: 21 KB



GBPUSD Mar 23 M2 prepare for exit

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Mar 23 M2 exit 23-3-2020 9-08-34 pm.png Size: 21 KB


repeat this for one hour duration during NY session...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,788
  • Mar 23, 2020 8:14am Mar 23, 2020 8:14am
Quoting ernieo
When a new candle opens, how long do we hold out determining direction while the RSI is flat?
Who are you asking for an answer?
---
BigE used TDI red green to trade with. Only the green cross red to indicate a possible entry.
  • #101,789
  • Mar 23, 2020 8:40am Mar 23, 2020 8:40am
Quoting Tekkies
{quote} Who are you asking for an answer? --- BigE used TDI red green to trade with. Only the green cross red to indicate a possible entry.
Anyone who's still using the original system.
Once the green crosses, and I enter the trade in the following candle, I'm in. If it keeps trending correctly for the next 4 hours, I'll stay in. At that point, a new candle is created, and it doesn't necessarily have an instant direction, and the green will flat line, an exit signal as per BigE.

My question is, how long do we wait to see what direction this new 4 hour session is going to trend while the green is flat waiting to make up it's mind before pulling the plug?
  • #101,790
  • Mar 23, 2020 8:42am Mar 23, 2020 8:42am
If you don’t mind lower probability trades, then go ahead and enter against the bigger TDIcloud.
Sometimes it works out. But why take unnecessary risks?
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #101,791
  • Mar 23, 2020 8:45am Mar 23, 2020 8:45am
Quoting Tekkies
{quote} You should ask Deltaone about his viewpoint about Pivot Trading. Am pretty sure they are not the same as yours.
Never judged 'Pivot Trading' - only mentioned numbers of
viewers/members with 'quantity isn't equal to quality'.

Would be interesting to hear about Deltaone's opinion
between 'Pivot Trading' and the 'TMS' starting after late Eric.

josch
trading is war - life is simple
  • #101,792
  • Mar 23, 2020 8:45am Mar 23, 2020 8:45am
Quoting ernieo
{quote} Anyone who's still using the original system. Once the green crosses, and I enter the trade in the following candle, I'm in. If it keeps trending correctly for the next 4 hours, I'll stay in. At that point, a new candle is created, and it doesn't necessarily have an instant direction, and the green will flat line, an exit signal as per BigE. My question is, how long do we wait to see what direction this new 4 hour session is going to trend while the green is flat waiting to make up it's mind before pulling the plug?
You could simply use set-and-forget. But consider looking at smaller timesframes that are CREATING the H4 bar to help your decision making.
To free Gazans of Hamas, use whatever it takes.
  • #101,793
  • Mar 23, 2020 8:57am Mar 23, 2020 8:57am
Quoting emmanuel7788
GBPUSD M2 breakout above the clouds fast and furious ... +70pips {image}
There are many ways to skin a cat.
3 MAs can do it. No clouds required. Take the up continuation with simple color change.
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #101,794
  • Mar 23, 2020 9:05am Mar 23, 2020 9:05am
Quoting amiralifx
{quote} exit two orders with -60 pips
Which timeframe did you use for entry?
To free Gazans of Hamas, use whatever it takes.
  • #101,795
  • Mar 23, 2020 9:41am Mar 23, 2020 9:41am
Quoting DrDave
{quote} Which timeframe did you use for entry?
my entry was in h1
  • #101,796
  • Mar 23, 2020 9:45am Mar 23, 2020 9:45am
Quoting ernieo
{quote} Anyone who's still using the original system. Once the green crosses, and I enter the trade in the following candle, I'm in. If it keeps trending correctly for the next 4 hours, I'll stay in. At that point, a new candle is created, and it doesn't necessarily have an instant direction, and the green will flat line, an exit signal as per BigE. My question is, how long do we wait to see what direction this new 4 hour session is going to trend while the green is flat waiting to make up it's mind before pulling the plug?
The exit rule: green go flat, check mark, hook over is for trader's (newbies mostly) to safeguard profit already made.

All that BigE mentioned is to pay attention to what is happening to those that are more schooled with this method. Read post#274.
Go down to a lower time frame like H1 / M30 / M15 and watch them. The TDI cross over to the oppiste direction of the trade placed, get out / close the trade.
----
Short answer: What can you afford to lose in profit's already gained from that trade.
  • #101,797
  • Mar 23, 2020 9:59am Mar 23, 2020 9:59am
Quoting Tekkies
{quote} The exit rule: green go flat, check mark, hook over is for trader's (newbies mostly) to safeguard profit already made. All that BigE mentioned is to pay attention to what is happening to those that are more schooled with this method. Read post#274. Go down to a lower time frame like H1 / M30 / M15 and watch them. The TDI cross over to the oppiste direction of the trade placed, get out / close the trade. ---- Short answer: What can you afford to lose in profit's already gained from that trade.
Makes sense! Thanks for the reply
  • #101,798
  • Mar 23, 2020 10:06am Mar 23, 2020 10:06am
Quoting amiralifx
{quote} my entry was in h1
You were buying a rally to the H16 that went down (h4 and H8 were also down). You can see on this M64 the 3 MAs with the blue-white pointing down and the other two pointing up. The two going up are making a rally that you should look to sell when it ends.

If you want to make counter-trend trades like this, check the M15 for possible exit.
Attached Image


The white vertical on M16 is where the fastest of the 3 MAs changed color to down so is a place to either exit or move SL very close to preserve pips.
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #101,799
  • Mar 23, 2020 10:37am Mar 23, 2020 10:37am
Check all timeframes. Even M1 has scalps for 5 pips.
The red-green MA turned from green to red to signal continuation sell.
Exit was at green vertical with 5 pips.
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #101,800
  • Mar 23, 2020 11:01am Mar 23, 2020 11:01am
amiralifx hello dear can help about tdi Indicator
237 traders viewing now