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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #8,801
  • Jul 25, 2011 7:22pm Jul 25, 2011 7:22pm
PM I received ...

Hi Big E,

Interestingly, I have also started testing your method on Daily TF and planning to do all majors for the period 2005 - 2010. So far I have tested EURUSD for 2005-2007 and got the following results :-

2005 - 9W 4L - 69% win rate
2006 - 11W 5L - 69% win rate
2007 - 10W 1L - 91% win rate

Though I got few number of trades on daily TF as compared to 4H TF however, the trade on daily runs as high as 1,000 pips but at the same time the proper SL could be as high as 300 pips. I am taking a comfort in the fact that if win rate is close to 70% on average the trader is far ahead in the race.

Looking forward the result of your testing.

Have a good weekend.
  • #8,802
  • Jul 25, 2011 7:42pm Jul 25, 2011 7:42pm
My day bar closes at 5pm pst - these look to be the best set ups for day charts

usd/chf
chf/jpy
Attached Image (click to enlarge)
Click to Enlarge Name: u chf day 7-25.gif Size: 18 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #8,803
  • Jul 25, 2011 7:53pm Jul 25, 2011 7:53pm
Quoting gh16
Have folks been trading much today? It seems to have been a slow day for signals on the H4 charts. i trade the eight main pairs that Big E does, plus a couple of other major crosses.
I had a great day, 5 trades throughout the day. although not BigE's trading times, all 5 winners. gbpchf (bounce), nzdusd, cadjpy, audusd, usdcad...
I took a conservative 20 pip TP on each because of the newsless day, could have been double that if I let them run to flat TDI.
Great system! ( I had a little help from alerts...)
Keep at it guys, it works!
  • #8,804
  • Jul 25, 2011 8:06pm Jul 25, 2011 8:06pm
What I see ... Daily Charts

usd/chf - going short on the TDI 32 line? Not me.

chf/jpy - Going long near resistance? Not me.

I hope it works out for you...
  • #8,805
  • Jul 25, 2011 8:13pm Jul 25, 2011 8:13pm
Quoting eelfranz
What I see ... Daily Charts

usd/chf - going short on the TDI 32 line? Not me.

chf/jpy - Going long near resistance? Not me.

I hope it works out for you...
We will see - Never sure when it comes to historic levels - usd/chf has broken the support and is at a new all time low - chf/jpy is a concern.

Thanks for the feedback Big E
"To live with Passion, it takes Courage and Grace to survive"
  • #8,806
  • Jul 25, 2011 8:32pm Jul 25, 2011 8:32pm
I figured after all of the hard work Big E and others have put in to it, I would like to add an indi I got from another site. It is basically a 4Hr countdown with information. Feel free to use it if you like it.
F09
Attached File(s)
File Type: ex4 4Hour Data.ex4   6 KB | 694 downloads
  • #8,807
  • Jul 25, 2011 8:36pm Jul 25, 2011 8:36pm
Big E, do you periodically check the TDI during the 4 hour time frame to see if it has gone flat? If so, how frequently do you check it? Thanks

F09
  • #8,808
  • Jul 25, 2011 10:50pm Jul 25, 2011 10:50pm
in how you trade, how it interprets or provides the base line (dodger blue one) information from TDI. I know the interpretation of Dean, but from your perspective, there is something else in order to have a setup?
TKS
Humble & Kalcker CLO2 = Covid killer
  • #8,809
  • Jul 25, 2011 11:47pm Jul 25, 2011 11:47pm
who say to you make a call to me i make a call to you so please give me you contact no i make a call to you and also mention the time of call i call to you that time

THANKS
Quoting eelfranz
Is that possible? Yes.

Years ago when I retired I was looking for something to do. I attended a free local presentation about trading FX. My mind said "We can do that and make money too... from the recliner"... so the torture began as happens to all newbies...

[font=Comic Sans MS][size=3][color=#0000ff]I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price. Man... I'm on my way I thought....
  • #8,810
  • Jul 26, 2011 12:38am Jul 26, 2011 12:38am
Goodmorning Peeps,

Check these angles. Anyone in?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy july 26.gif Size: 18 KB
Click to Enlarge Name: eurgbp july 26.gif Size: 19 KB
  • #8,811
  • Jul 26, 2011 2:05am Jul 26, 2011 2:05am
Quoting bishopdotun
Goodmorning Peeps,

Check these angles. Anyone in?
Looks like we are going to have a pippy-day on eur pairs.
The train is moving fast but weary of the GBP news at 9:30am.

Any advice?
  • #8,812
  • Jul 26, 2011 2:26am Jul 26, 2011 2:26am
Quoting Fitness09
Big E, do you periodically check the TDI during the 4 hour time frame to see if it has gone flat? If so, how frequently do you check it? Thanks

F09
nope he is usually asleep...he sets his alarm to wake him about 10 minutes before each 4 hour candle opens
  • #8,813
  • Jul 26, 2011 3:09am Jul 26, 2011 3:09am
Hi, I'm long on eur/jpy, anyone in this trade?
Attached Image (click to enlarge)
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  • #8,814
  • Jul 26, 2011 3:15am Jul 26, 2011 3:15am
Quoting torbarxa
Hi, I'm long on eur/jpy, anyone in this trade?
All I've been posting is why nots, this is a massive SR area going back months. If it goes your way could be big. I haven't traded today at all. This US debt stuff seems to have taken direction away from London session. Theres lots more trades coming when things clear.

Good luck.
Attached Image (click to enlarge)
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  • #8,815
  • Jul 26, 2011 4:17am Jul 26, 2011 4:17am
Quoting Vantage
All I've been posting is why nots, this is a massive SR area going back months. If it goes your way could be big. I haven't traded today at all. This US debt stuff seems to have taken direction away from London session. Theres lots more trades coming when things clear.

Good luck.

Thanks for the info, I should take car with supports and resistance...
  • #8,816
  • Jul 26, 2011 4:23am Jul 26, 2011 4:23am
Quoting torbarxa
Thanks for the info, I should take car with supports and resistance...
Yes its prob the single most important thing in trading. If we do go through this level the next buy signal after pull back might be nice, time will tell.
  • #8,817
  • Jul 26, 2011 5:32am Jul 26, 2011 5:32am
Here is a losing trade I took (NZD/USD) at the open of the Asian Session. I waited for the divergence on the 4 Hr to set up per my rules and entered short on the 0:00 candle.

The price action met my rules for a counter trend trade – double top with bearish divergence.
Signal candle closed below the 5 MA on a bounce down of the TDI.

ATR was 31, so my stops were set and 62 pips above entry. I was stopped out on two full lots for $620.00 each.

This was my first trade this week. So . . . back to the drawing board.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hr nzd usd chart 7.26.2011.gif Size: 49 KB
  • #8,818
  • Jul 26, 2011 5:37am Jul 26, 2011 5:37am
Quoting dcginc
Here is a losing trade I took at the open of the Asian Session. I waited for the divergence on the 4 Hr to set up per my rules and entered short on the 0:00 candle.

The price action met my rules for a counter trend trade – double top with bearish divergence.
Signal candle closed below the 5 MA on a bounce down of the TDI.

[font=Calibri][size=3]ATR was 31, so my stops were set and 62 pips above entry. I was stopped out on two full...

Hi, when everything is ok according to your rues, do you take into consideration the hour, or you just take the trade no matter what hour is?
Thanks for your answer
Indicators always obey Price, not the other way.
  • #8,819
  • Jul 26, 2011 5:42am Jul 26, 2011 5:42am
maxtrader
Quote
do you take into consideration the hour, or you just take the trade no matter what hour is?

I usually only trade London, but I am flexible depending on price action in other sessions. I saw this set up which I have been watching for a while and at the time felt it was compelling enough to take the trade.
  • #8,820
  • Jul 26, 2011 5:52am Jul 26, 2011 5:52am
Quoting dcginc
Here is a losing trade I took (NZD/USD) at the open of the Asian Session. I waited for the divergence on the 4 Hr to set up per my rules and entered short on the 0:00 candle.

The price action met my rules for a counter trend trade – double top with bearish divergence.
Signal candle closed below the 5 MA on a bounce down of the TDI.

[font=Calibri][size=3]ATR was 31, so my stops were set and 62 pips above entry. I was stopped out on two...
Thanks for posting a losing trade. A lot of folks dont have the guts to do that. Good set up too, I saw this one as i like the kiwi because it trends so well, which is why i didnt take that trade, I dont like counter trend trades on that pair. Asfor the loss, Im sure youll make it up this week.
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