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Monitor for 'Trading Made Simple' system 565 replies

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

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MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #941
  • May 2, 2011 9:41am May 2, 2011 9:41am
i have been in that one since 4783, 100 pips is good enough for me for today, I got to take momma out for breakfast, so I am good ....................Great way to start a week

Quoting KumoDragon
LOL, not so fast, I'm with you, but it hasn't broke 4900 yet, and that's a big ol round number.
  • #942
  • May 2, 2011 9:44am May 2, 2011 9:44am
Quoting jrushing
i have been in that one since 4783, 100 pips is good enough for me for today, I got to take momma out for breakfast, so I am good ....................Great way to start a week
Good pippin!
  • #943
  • May 2, 2011 9:46am May 2, 2011 9:46am
Kumo,

i said last week this pair was going to go to the 151 area before it turn down, i still think it will get there but it going to fight all the way up then turn 600 to 800 points
  • #944
  • May 2, 2011 10:04am May 2, 2011 10:04am
Quoting dean
hey bom bom. It seems your understanding of it is the candles begin being numbered after the colour change. I am not sure if that is right as myself and others have interpreted it as the candles begin being numbered after the green line has crossed on the tdi. Need the senior guys to confirm this please.
I'm pretty sure this is the way you should look at it.
Its the color change. If you got 3 of one color candle its gone too far. So if you are looking at long setup and its got 3 blue candles pass on it and look for another. Also remember we look for a move to go 3 to 8 candles.

I have noticed once its gone 9 candles it tends to peter out or start pull back. That's just my observation.
Could it be Man is trying to be something without knowing they're complete?
  • #945
  • May 2, 2011 10:05am May 2, 2011 10:05am
Big ups to Eelfranz for this system,although I don't use the same indi's but its pretty much the same ideology and TF. I was prompted to comment cos I saw a lot of mistakes being committed here by traders, especially since today is a bank holiday in the major trading center(london). I would itemize as ff.
1. Multitimeframe trading is stressful,stick to one TF preferably a longer TF.
2. Try as much as possible not to clutter your charts with indi's,get friendly with one or two and train yourself with it.
3. The size of the preceding candle,the momentum and price action are very important factors in taking the next trade.
4.If you are on the wrong side of the market no matter how patient you are your losses are only going to grow bigger.
Attached is a shot of what my trade screen looks like.
Attached Image (click to enlarge)
Click to Enlarge Name: trade 1.jpg Size: 159 KB
  • #946
  • May 2, 2011 10:21am May 2, 2011 10:21am
Closed with small loss
Quoting FX_California
I am in PST zone (11 PM) and using Oanda MT4 demo platform. Have this trade and going to bed. Will see in the morning, how it did.
  • #947
  • May 2, 2011 10:27am May 2, 2011 10:27am
You guys are catching on,

What this system is, is a combination of:

1). 4 hour chart.
2). TDI Indicator
3). H.A. candles
4). 5 EMA shift +2/3

Trading made simple!!!

When I got away from the 1,5,15,minute charts and just went
with the 4 hour chart with these indicators I started to really
make money. I like it: it's simple, easy to remember, and
very profitable. It's easy on the eyes and brain. I can look
at it and within minutes I know what I'am going to do.
Thanks Eelfranz for straightening out our trading and bad habits.

snarlyjack
  • #948
  • May 2, 2011 10:32am May 2, 2011 10:32am
Quoting snarlyjack
You guys are catching on,

What this system is, is a combination of:

1). 4 hour chart.
2). TDI Indicator
3). H.A. candles
4). 5 EMA shift +2/3

Trading made simple!!!

When I got away from the 1,5,15,minute charts and just went
with the 4 hour chart with these indicators I started to really
make money. I like it: it's simple, easy to remember, and
very profitable. It's easy on the eyes and brain. I can look
at it and within minutes I know what I'am going to do.
Thanks Eelfranz for straightening out our trading and bad habits.

snarlyjack
Hey snarlyjack, do you filter the 4h entries at all with the 1H or any lower time frames? I havn't made a whole of trades using this method just yet, just a handful really.

But, have noticed that if the 4H shows an entry sometimes the 1H is going against I might be able to get a better entry by waiting for the 1H to line up right with the 4H trigger direction?

Or are you having good results just by using the 4H and not bothering with anything lower?
  • #949
  • May 2, 2011 10:33am May 2, 2011 10:33am
It's 7am almost and I've been reading the thread for a couple of hours... catching up... I'm not trading today during the day... too much wierd stuff today...

FX Trader (835) -

Dean (836) - 1 hr during the day, 4hr at night,,, I trade both directions, However as an experienced trader I look for the BASIC things you should check... no matter the method and those things have been posted several times here... The TDI may signal a good trade set up but what is PA telling you,etc. That can kill a trade entry too. Post 888... look at the last 2 shorts... they are trash so this new one might be too... I'd pass... When TDI goes flat you exit (889)... (895) stay in the trade if it's still positive making pips but if TDI goes flat, hooks over or check mark reversal... get out.... (901) I prefer trading the London Session but If I see a good trade set upon the 1hr chart during the day I'll trade it... (930) When I talk about candle 1 or two it's the first two reversal candles...

Sam21 - (903) - TDI poor angle...3 candles... poor last reversal...pass...

Numb3rs (944) - That's right

CityBoy (945) -



  • #950
  • May 2, 2011 10:43am May 2, 2011 10:43am
Just starting out on forex - demo with oanda.
took 3 trades today

EURUSD - 4 hours chart
entered: 1.48486 (2nd bar)
stop out due to trailing stop - made 31 pips
ema, tdi and stoc is still upward - put at buy order at 1.4950 (cant monitor, need to sleep)

EURJPY - 1 hours chart
entered: 120.691 (3rd bar) - on hindsight the candle doesnt look that strong (then again, i am beginner not too sure how to see candles anyway)
TDI hooked - i exited the market - loss 3 pip

GDPUSD - 1 hours chart
entered: 1.6118 (2nd bar)
looks like a ranging market to me - so i put a TP at 1.67280 (somewhere along the resistance of 27th April)
SL at 1.66600 because its one of the lower end of one of the earlier candle (not incl its wick) - somehow i feel this SL is way too huge and stupid.

will be grateful for any comments. thanks.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 10.05.02 - EURJPY1.jpg Size: 214 KB
Click to Enlarge Name: 10.05.02 - GDPUSD1.jpg Size: 224 KB
  • #951
  • May 2, 2011 10:44am May 2, 2011 10:44am
Kumodragon,

For me I only look at 1 time frame and that is the 4 hour chart!

I do not like trading multi time frames so I only trade the one chart.
I could care less what the other times frames are showing.

snarlyjack
  • #952
  • May 2, 2011 10:51am May 2, 2011 10:51am
Quoting snarlyjack
Kumodragon,

For me I only look at 1 time frame and that is the 4 hour chart!

I do not like trading multi time frames so I only trade the one chart.
I could care less what the other times frames are showing.

snarlyjack
Sorry to ask particular questions, I wanted to know just looking at the 4H.

1. About how many trades have you done with this method just looking at the 4H?

2. What is the average drawdown before winners turn into winners?
3. Whats been your win/loss ratio?
4. winner bigger than average loser?

Again sorry for being so particular, I was hoping that I can just use the 4H and do well by follwing the rules, so that it's as simple as possible.
  • #953
  • May 2, 2011 10:52am May 2, 2011 10:52am
It find it very difficult to trade with h4, since a new bar only appears every 4 hours.. that's a long wait if you made a bad trade ;-X
  • #954
  • May 2, 2011 10:55am May 2, 2011 10:55am
Example Chart only...
Attached Image (click to enlarge)
Click to Enlarge Name: e-u chart.gif Size: 24 KB
  • #955
  • May 2, 2011 11:03am May 2, 2011 11:03am
Quoting eelfranz
Example Chart only...
Great chart look at that last long trade on the chart perfect setup, strong candle, tdi perfect
  • #956
  • May 2, 2011 11:08am May 2, 2011 11:08am
Example chart -

This is a good Bounce Trade off of candle #1. When the last trade is seperated by a blue candle or more... it's like starting over... looking for a set up trade off the new candle #1 or #2... even a bounce trade.
Attached Image (click to enlarge)
Click to Enlarge Name: e-u chart 2.gif Size: 23 KB
  • #957
  • May 2, 2011 11:17am May 2, 2011 11:17am
Quoting eelfranz
Example chart -

This is a good Bounce Trade off of candle #1. When the last trade is seperated by a blue candle or more... it's like starting over... looking for a set up trade off the new candle #1 or #2... even a bounce trade.
How come your sto is 8,3,3 while the one in the template is 5,3,3 :-) ?
  • #958
  • May 2, 2011 11:18am May 2, 2011 11:18am
This was my first trade using this great system, i had a slight loss, please give me feedback as to if i entered correctly. thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 5220112.gif Size: 25 KB
  • #959
  • May 2, 2011 11:26am May 2, 2011 11:26am
What is the average stop loss or minimum win lose ratio people use for this method ?. Thank you.
  • #960
  • May 2, 2011 11:28am May 2, 2011 11:28am
Otiose... Post 951...

2nd chart you broke the rules... only enter on candle 1 or 2 in a reversal if you get a proper set up on the TDI.

3rd chart... If you got in at the top of the candle marked your close to resistance...

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