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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #781
  • May 1, 2011 8:42am May 1, 2011 8:42am
Quoting Bom-Bom
Eelfranz, I'm so sorry I have to ask you this question, because I will not sleep well if I'm still thinking your statement.

Your statement in Bold, if I may define it, so we enter position while the TDI is still on progress?

What if, let's say when you open the chart at 10:01 pm (your time) the TDI Looks Up and the candle is blue, and then after you close the computer, during the next 4 hours, when you open your computer again at 13:55 pm,...

This is a good question, its easy to look back at the charts and say what trades you would have made, trading live though monitoring the trade you might see something like a brief tdi tweak or candle colour change that spooks you into exiting your position (and then the trade goes the way you predicted).

Most winning trades I've had using the 5 method have come back a little on me at the start, maybe 15-20 pips before going my way but crucially have not resulted in a change in tdi or candle colour. I would probably exit if I saw a candle colour change or tdi hook back as I'd probably feel I'd misjudged my entry.
  • #782
  • May 1, 2011 8:44am May 1, 2011 8:44am
Susan (771)

I'm waiting until the London Open on Monday night...

Don't all these people screw up our trading with Big Weddings, holidays, etc... just makes me...

No offence to our Britts here...

Here in the USA we hung our last King to save on the National Debt... they were spending too much money... Now we have a President who thinks he's a King... printing all kinds of bogus money attempting to Bankrupt our country... I forget... was that one of his promises for change? hummm...
  • #783
  • May 1, 2011 9:04am May 1, 2011 9:04am
At least you only have one president we're paying for two!
  • #784
  • May 1, 2011 9:05am May 1, 2011 9:05am
Quoting eelfranz
Fugly...

Your comment...

Yes absolutely, the signal is generated one candle back, but we would enter on the opening of the next candle thats why i drew the vertical line on the opening of the red candle as that would be our entry price (at the time of entering we wouldnt know its a red candle as its just beginning its 4 hr period)

[font=Comic Sans MS][size=3][color=blue]I enter on the candle I get the TDI signal on......
BigE thx all clear now
  • #785
  • May 1, 2011 9:07am May 1, 2011 9:07am
Bom2...

I've been up since 3am this morning... What's up with this sleeping stuff.. Sheesh...

You asked:

Your statement in Bold, if I may define it, so we enter position while the TDI is still on progress? On any timeframe when green crosses red (12-2 or 4-6 angle) we enter the trade at the beginning of that candle... check out the basic stuff as discussed earlier.

What if, let's say when you open the chart at 10:01 pm (your time) the TDI Looks Up and the candle is blue, and then after you close the computer, during the next 4 hours, when you open your computer again at 13:55 pm, price suddenly make a big down movement and the TDI you saw on 10pm which was look up between 12 and 1 (on clock), now is looking down between 5 and 6, and the candle, which was blue, now turn to red? And yes... we are allowed a loss here and there... and that's why we use a SL...

Does the above statement answering my question, E? BTW, so I need to put my TP carefully because it is possible that when I put enter position, I could be on the correct direction I trade during the first two hour, before there's a pullback on hour 3 or 4? Of which, could possibly change the way TDI looks like on the previous 4 hour? Sounds like a good idea... don't get greedy... Personally I don't trade with a TP level... just my style...
  • #786
  • May 1, 2011 9:07am May 1, 2011 9:07am
here's a great post by Big E over at the other thread ... thought i'd just paste it in here for everyone's benefit

Quote


My attitude is "I'm gonna win every trade I enter". I'm confident. Now and then I get my butt kicked but so what... I learn from it and move on. I see it like stepping into a gopher hole... I didn't see it... I get up and get going.

Every time I trade I image going to the bank with my wheel barrow. I know there going to pay me... I just don't know how much today. Throw your fear into the trash... walk away and don't look back. I tell the market in my minds eye "I refuse to be beaten... I'm smarter than you because I've figured out an easy system to whop your butt". Don't take any crap from the market... your better than it is... don't listen to the downer rumors and excuses... kick ass in your mind and your attitude towards the market... I'm fired up the more I type it. Hot damm. Got to get a bucket of water to splash my keyboard to cool it down.... brb...

Trading isn't difficult... over coming your fears is the problem in most cases. Decide in your mind to take control & kick bootie. Until you do that you will never be more than a minimum trader. Tell the market to go to hell... your here now... grab the horns... get some... b.... well you know...

Fear in peoples lives destroys so many. There is nothing to fear in the market. Practice, practice, practice on DEMO. THAT'S THE ONLY WAY TO BUILD CONFIDENCE. I took a "year off" of live trading and just studied old charts building my confidence.... trading Demo Only. Now I have no fear to push the button... take the trade. Sometimes I exit too early and miss another 50 pips... so what... I'm on the prowl looking thru my charts looking for the next trade. If there is none... click off and check back later.

Develop the attitude "You can't beat me sucker" I'm here to clean your clock." I'm serious. Make the market bow to you!

Big E

  • #787
  • Edited 9:55am May 1, 2011 9:20am | Edited 9:55am
Fugly...

Thanks for posting that... I believe every word of it... they give the money to someone... why not me... YOU ! Antonio... boys and their toys... It's an educational read on the old thread starting about page 264 to the end...
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  • #788
  • May 1, 2011 9:28am May 1, 2011 9:28am
2scoops,

Correction... We are paying all the Presidents who are still alive... why? I don't know. When I closed my Construction Company (eye sight loss) no one kept sending me checks... Will you do an audit for me? What's the deal... Oh, and don't forget my free medical too... thanks...
  • #789
  • May 1, 2011 9:42am May 1, 2011 9:42am
Talking Politics is scraping the bottom of the rain barrel... only politicians, tom cats and silly girls live there so let's raise our sites and trade the forex with real people that make up America... have principles and care about their families and others...

I can hear the band playing while I go on and on... I need help... that's what my wife says... and we all know they are never wrong... at least that's what mine says...

However I don't think they counted my last vote cuz my dog chewed on it punching out the important holes...
  • #790
  • May 1, 2011 9:45am May 1, 2011 9:45am
Oh... I'll take two Asprins, take a nap and I'll be well when I wake... ask my wife... usually works... well, 50/50... well... Nite all...
  • #791
  • May 1, 2011 9:48am May 1, 2011 9:48am
Yellow would be my entry, blue my exit... please advice (I dont understand the stoch & 50, 32 n 68 lines yet)

Is there a way to get delayed data in MT4? So I can practice with "moving" data instead of "static" data when the market is closed?
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  • #792
  • May 1, 2011 10:36am May 1, 2011 10:36am
Can someone point me to a link that has the stochastic that turn green and red, instead of the standard two lines that cross.

Seems it would be easier to read.
  • #793
  • May 1, 2011 10:44am May 1, 2011 10:44am
If you click on the paper clip icon and scroll own the list of attachments on this thread it's called stochastic slope
  • #794
  • May 1, 2011 10:59am May 1, 2011 10:59am
Quoting Oyapoke
Incredible,
Please, can you tell us more about the EA, including the recommended setting and its implications?
Thanks
Oyapoke
I have never used any EA nither i plan to use this one...I got it on forum and now i cant get where i get it from.so sorry.

oh i got it here it is


http://www.forexfactory.com/showthread.php?t=292301
Trade responsiblypatience is the key/Swing trader
  • #795
  • May 1, 2011 11:09am May 1, 2011 11:09am
Oyapoke: I think BigE has shared his thoughts on EA's and I agree with him they don't work in the long run. I think we should avoid talk of EA's on this thread please.
  • #796
  • Edited 12:46pm May 1, 2011 11:40am | Edited 12:46pm
Quoting 2scoops
Chilly, I would personally not take this trade. Yes we do have a valid tdi cross and stochastic agreement, but the red trend tdi line is flat the 5 ema is flat, the candles are small (weak). Look at the last reversal (the red candles a few candles back), look how similar that looks to what we have now, the same weak candles, tdi looks the same, the ema and red trend line on the tdi the same, the last reversal was weak and short lived, probability is that this similar looking "reversal" will be short lived too. In fact if you look at the last 3...
Thanks for your input 2scoops. I agree with you comments on this set up and also would not take this trade and look for more probable one. Not to mention the Dollors weak sentiment.
  • #797
  • May 1, 2011 1:00pm May 1, 2011 1:00pm
I agree with chilly, pass the trade :=)
  • #798
  • May 1, 2011 1:02pm May 1, 2011 1:02pm
Hey Eelfranz, I don't think this has been asked yet. After Entering the Synergy function to my chart with 'Heiken Ashi' the only thing I can see that has changed is the color to the already existing Heiken Ashi Candle, coupled with a white cap to the candle ( bull candles only ).

Can you expand the use of this specifics function that Synergy does and what are those white marks on the bull candles.

Cheers!
Chilly
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  • #799
  • May 1, 2011 1:04pm May 1, 2011 1:04pm
Wickedwin

Quoting wickedwin
Yellow would be my entry, blue my exit... please advice (I dont understand the stoch & 50, 32 n 68 lines yet)

Is there a way to get delayed data in MT4? So I can practice with "moving" data instead of "static" data when the market is closed?
There is a feature called strategy tester under the view menu. you will need to go to the help file to understand how to use it since a discussion on this thread would be off topic. Perhaps there is some threads here on FF about how to use it. I have used it and it works well.
  • #800
  • May 1, 2011 1:11pm May 1, 2011 1:11pm
Quoting Chillypiper
Hey Eelfranz, I don't think this has been asked yet. After Entering the Synergy function to my chart with 'Heiken Ashi' the only thing I can see that has changed is the color to the already existing Heiken Ashi Candle, coupled with a white cap to the candle ( bull candles only ).

Can you expand the use of this specifics function that Synergy does and what are those white marks on the bull candles.

Cheers!
Chilly
On the top of your mt4 platform change from candles to close line only. Hope you get what I mean. That should get rid of the white.
Could it be Man is trying to be something without knowing they're complete?
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