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Trading Made Simple the right way, and other trading lessons

  • #121
  • Jun 5, 2018 2:05pm Jun 5, 2018 2:05pm
Quoting neosqualls
Hi, I (think) i have read the method carefully but there is something i don't understand, if i buy all "green line cross red line" and i sell all "red line cross green line" there is a lot of "wrong" signal. Do you filter this by experience ? or there is something i missed? Thanks
Hi neosqualls,

You have misread the entry and exit rules . Read it again

regards
  • #122
  • Jun 11, 2018 6:17am Jun 11, 2018 6:17am
Hi guys,

I'm a novice to the system, is this a correct pattern?

I used a pending order only because I had to get away from the screen a few minutes before the end of the candle, the order was placed on the candle indicated by the red arrow.

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greetings and good pips to everyone,
DonVito
  • #123
  • Jun 12, 2018 11:55am Jun 12, 2018 11:55am
hi donvito,

That was actually is a good entry .

keep it up.
Regards
jotex
  • #124
  • Jun 12, 2018 12:36pm Jun 12, 2018 12:36pm
Thanks JoTex,

next week I'll have more time to trade and will post some more charts.

See you soon,
DonVito
  • #125
  • Jun 19, 2018 5:58am Jun 19, 2018 5:58am
Quoting jmn5611
During the weekend I will also try to find something important to a traders career. This video is my first attempt to do this. http://www.youtube.com/watch?v=xtCtGmDgSss
Like your videos.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #126
  • Jul 10, 2018 3:48am Jul 10, 2018 3:48am
Hi, may I know the setting for TDI?
  • #127
  • Edited 1:30pm Jul 17, 2018 12:25am | Edited 1:30pm
20 minutes ago, shorted EUR/AUD at 1.5759.

No set TP, but will see where it's at in 4 hours after this H4 candle closes and TDI refreshes -- just like Eelfranz, I do not refresh charts.

All signals were there... SL is mental (above last swing high)
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EDIT -- out with -55 pip loss, right above previous swing high :-(
A snails pace wins the race :-)
  • #128
  • Jul 17, 2018 10:55am Jul 17, 2018 10:55am
Quoting JustPipMe
20 minutes ago, shorted EUR/AUD at 1.5759. No set TP, but will see where it's at in 4 hours after this H4 candle closes and TDI refreshes -- just like Eelfranz, I do not refresh charts. All signals were there... SL is mental (above last swing high) {image}
Hi JPM, thank you for posting your chart and trade. It looked like red TDI line and the stochastic were going in different directions?
Respectfully..
Enter Signature
  • #129
  • Jul 17, 2018 1:29pm Jul 17, 2018 1:29pm
Quoting fxscalp1
{quote} Hi JPM, thank you for posting your chart and trade. It looked like red TDI line and the stochastic were going in different directions? Respectfully..
They were, yes, but Big E did not take the red TDI line's direction into consideration - just the green TDI line.

@jmn5611, correct if I am wrong?
A snails pace wins the race :-)
  • #130
  • Edited 6:25pm Jul 17, 2018 6:02pm | Edited 6:25pm
Hi there

I'm a complete newbie to forex and have been devouring the internets to educate myself on the markets and trading in general. I found the TMS system about a week ago and read the thread from the beginning until Eric's health prevented him from keeping the thread on track. Very sad to see him go but very grateful for his method. I'm chuffed that his vision of a clean trading system lives on here and hope I can continue to learn and perhaps contribute too.

A couple of trades from last night - London and NY sessions. I had a couple of stupid losers too, one where I clicked on buy before I checked stochastics and one were I clicked buy instead of sell (NY opens at midnight in NZ).

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Don't complicate it... keep it simple. - BigE
  • #131
  • Jul 18, 2018 12:23am Jul 18, 2018 12:23am
Just went long GBP/NZD at 1.9356. Will check back at close/start of next H4 candle (2am my time in California). Not a fan of G/N as it is so thrashy and all over the place, and stochastics not ideal, but do see some support to the left in the chart below. Eelfranz stated that he tended to ignore stochastics when they were above 80 or below 20 (if memory of reading his posts serves me right...)

SL at 1.9297

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A snails pace wins the race :-)
  • #132
  • Edited 5:22pm Jul 18, 2018 2:24am | Edited 5:22pm
gone long on USD/JPY on the H1 charts at London open.
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EDIT: stopped out for a loss -22 pips, probably shouldn't have taken a buy trade above 68?
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gone short on GBP/JPY on the Daily charts.
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EDIT: stopped out +100 pips
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Don't complicate it... keep it simple. - BigE
  • #133
  • Edited Jul 20, 2018 2:53am Jul 19, 2018 11:01am | Edited Jul 20, 2018 2:53am
Quoting JustPipMe
Just went long GBP/NZD at 1.9356. Will check back at close/start of next H4 candle (2am my time in California). Not a fan of G/N as it is so thrashy and all over the place, and stochastics not ideal, but do see some support to the left in the chart below. Eelfranz stated that he tended to ignore stochastics when they were above 80 or below 20 (if memory of reading his posts serves me right...) SL at 1.9297 {image}
EDIT - bailed out with +23 pips (1.9379) while sitting around and realizing that GBP red news was on the way. No way I'm sitting through that with this pair!!
A snails pace wins the race :-)
  • #134
  • Edited Jul 20, 2018 2:53am Jul 19, 2018 11:07am | Edited Jul 20, 2018 2:53am
No chart this time (won't happen again), but at the start of July 19th's third H4 candle (for me that was last night at 10pm, July 18th PST)...

I went long EUR/NZD at 1.7169 ---> set TP at a reasonable 1.7212 and it easily hit this for +43 pips. Had I not set a TP (was going to sleep), I could have made many more pips, as it climbed as high as 1.7270+ and is still climbing!!

FYI - my SL is always below the last swing high/low, and I do not pay attention to TP/SL ratios - not with this system, anyway...

But such is the life of a forex trader in California :-)
A snails pace wins the race :-)
  • #135
  • Jul 19, 2018 5:01pm Jul 19, 2018 5:01pm
Quoting JustPipMe
No chart this time (won't happen again), but at the start of July 19th's third H4 candle (for me that was last night at 10pm, July 18th PST)... I went long EUR/NZD at 1.7169 ---> set TP at a reasonable 1.7212 and it easily hit this for +43 pips. Had I not set a TP (was going to sleep), I could have made many more pips, as it climbed as high as 1.7270+ and is still climbing!! FYI - my SL is always below the last swing high/low, and I do not pay attention to TP/SL ratios - not with this system, anyway... But such is the life of a forex trader in California...
Nice work! It's just turned over with the previous candle an inside bar on the H4 chart. Do you set a trailing stop or a hard TP when you go to sleep?
Don't complicate it... keep it simple. - BigE
  • #136
  • Edited 2:52am Jul 20, 2018 1:57am | Edited 2:52am
At beginning of last H4 candle,

Sold EUR/NZD @ 1.7254
SL above swing high, 1.7324
TP open (but keeping mind the pair has an ADR of about 105 or so) -- will monitor

NOTE - sold a bit early perhaps, as TDI crossed after I'd already sold

EDIT - Trailing Stop @1.7222 hit for +32 pips

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A snails pace wins the race :-)
  • #137
  • Jul 23, 2018 11:37pm Jul 23, 2018 11:37pm
Two trades on the H1 chart. Consolidating but hoping to preempt the London open. TDI crossed and confirmed on the H4 trend and Daily trend for the GU and H4 trend only on the EU. S/L placed on the second candle back on the H4 chart.
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Don't complicate it... keep it simple. - BigE
  • #138
  • Jul 29, 2018 1:05pm Jul 29, 2018 1:05pm
Hey I've been reading some pages of the Original thread and then stumbled on this one.

If I'm not mistaken this should be a good entry on EUR/USD H4. Please correct me if I am wrong.

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  • #139
  • Edited Jul 30, 2018 12:22am Jul 29, 2018 11:53pm | Edited Jul 30, 2018 12:22am
Honestly guys, who is making constant profits with this system "as is"? Having demo-traded it for a while, itīs problem (like most others) is with ranging markets and the losses it creates under these circumstances. However, just as usually, you can NOT tell when a pair is ranging or not or if it might break out. While I highly respect the original authors approach and especially sharing it with us, I am pretty much sure he, nor anyone else here, is making the constant profits this is supposed to make on paper when cherry picking the trades. I might be completely wrong, but I have not seen one trade tracker (not even demo) where this system shows profits, nor does it for me - and I have been EXACTLY following the rules. It just gets killed by whipsaws like many other systems. Should I be completely wrong? Iīd love too! Please show a trade tracker with TMS then, thanks so much :-)
  • #140
  • Jul 30, 2018 3:16pm Jul 30, 2018 3:16pm
Quoting geektrader
Honestly guys, who is making constant profits with this system "as is"? Having demo-traded it for a while, itīs problem (like most others) is with ranging markets and the losses it creates under these circumstances. However, just as usually, you can NOT tell when a pair is ranging or not or if it might break out. While I highly respect the original authors approach and especially sharing it with us, I am pretty much sure he, nor anyone else here, is making the constant profits this is supposed to make on paper when cherry picking the trades. I might...
You will never make and constant profits with blindly trading a cross of two lines. Epecially not from a daytrading perspective. This method is not not as simple as introduced and requires a very long learning curve to trade the correct setups properly. And even then its cherry picking like you already noticed your self.
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