Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

Trading Made Simple the right way, and other trading lessons 233 replies

Monitor for 'Trading Made Simple' system 549 replies

MTF Indicators for the 'Trading Made Simple' system 239 replies

Indicators for the 'Trading Made Simple' system 339 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

Quoting Sard
This one would be a bounce? {image}


this USDCAD is the best one compared with the EU and EJ pairs above, Post#647 checklist ...the short term and long term trends in agreement with your H4 trading timeframe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Another Weekly chart swing trade now in profit +1218 pips and will wait for profit lock soon.
average entry price @1.8232
will lock profits 0.5ADR ~150pips above 1.8232

GBPAUD Week38 Sep 19 update:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 38 Sep 19 trade updates2 1249 19-09-2019 12-48-22.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Hi Bodal it is still the same method how I add positions when the market trends in my favour. In this case, I add using 0.25ADR averaging up on the Weekly chart. I manage the open positions using the Average Entry Price of all open positions and locked the profitable positions with hard stop loss. The TP is multiple of the ADR from the average entry price. When price move higher, I will move the locked SL higher from the average entry price and the TP will also move higher as I open new positions to the basket pool. {image}
Thank you for your king and precise answer !
Quoting bodal
{quote} Thank you for your king and precise answer !

here I just updated my GBPAUD trade management with locked-in profit SL .

with SL in place and as market can move higher I will add-on positions at 0.25ADR distance and push my TP higher from the average entry price AEP.

no stress now ...

see details on chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 38 Sep 19 profit locked 1238pips 19-09-2019 13-06-06.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Maule
{quote} Moving SL to Break even. Don't like the look of those small red candles. However, larger Time Frame is still Bullish. If it goes up, good. If Protective Stop gets hit, Still Good. I'm not giving the market back my hard earned pips! {image}
And it has taken off once more.
Moved SL a bit higher below recent structure.
(making sure to keep my emotions in check. No excitement here. Simply Neutral)
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-09-19.png Size: 60 KB
AUDUSD Week 38 Sep 20

Sell on Daily and wait for Weekly NY Close and update trade plan for the following week(s).

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 38 Sep D1 W1 sell 20-09-2019 07-45-40.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} here I just updated my GBPAUD trade management with locked-in profit SL . with SL in place and as market can move higher I will add-on positions at 0.25ADR distance and push my TP higher from the average entry price AEP. no stress now ... see details on chart below. {image}
GBPAUD Week 38 Sep 20 update, +1700pips now

still going as Aussie weakens.... but can end anytime soon ...its Friday and overall trailing SL get tighter @1.8367.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 39 Sep 20 update 1704 pips 20-09-2019 07-53-18.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Nice explanation of Trading Made Simple:
Traders Dynamic Index (TDI) – The Best Indicator For Your Strategy
http://forextraderportal.com/traders...your-strategy/
Keep it Simple
Quoting forexdg
{quote} that very many templates ofcourse lol and arrow in downside shows its many more you are surprising man
well, between 2008 and 2010, Big E collected 19 templates.

Since 2012 till now, I keep on collecting templates have more than 30 different templates using variations of TDI and Fozzy-RSI.

Now I know why Big E said trading is a breeze when he stripped his charts of the Stochastics and TDI...

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Did you just discover Traders Dynamic Index? its has been around since 2006....it is now 2019.

Here is another website for you if you are keen in learning how to code.

https://www.mql5.com/en/blogs/post/721744
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Folks hello.

I don't have time to read everything here, but I really need to drop a bit of info on Elliott Waves and all lies that Elliott represents. 👎👎👎
You've been warned.
I just want to help 👍🍻

I did quick search "was Elliott rich" found this...

....Elliott died broke along with Jesus😱

At a trading conference, Alexander Elder made it a point to mention that R.N. Elliott died a relatively poor man. Kind of odd that someone who discovered the "key" to the financial markets didn't make a few bucks.

Alex Elder also had a few words to say about Gann. Apparently, Elder met with Gann's son, who said that his father had been unable to support his family by trading. That's worth saying again: according to his son, Gann was unable to support his family by trading! Instead, Gann earned his living by writing and selling instructional courses.

Ohhhhh nooooooo how the liars were exposed 😱😱😱😱😱😱😱


Reading the book Elliot Wave Principle is like reading a text written by a snake oil salesman.
FAKE TRASH....
If I had the time or inclination I'd make a mock up of an old time snake oil ad replacing the words with things describing the elliot wave theory. And if anything is true about the stock market, is that there is no shortage of snake oil salesmen.....😨😨😨😨😨


Reading the "Elliot Wave Principle" I soon began wondering what a big load of bull dung I was reading. I can't imagine anyone actually using it to trade seriously. I'm of the opinion it's basically used to dupe newbies into believing they could get rich quick in the market...😱😱😱😨😨😨😨

Elliott exposed 👎👎👎
https://www.elitetrader.com/et/threa...-broke.287263/

RIP Elliott , you were smart if you tricked millions to lose billions 😭😭😭😭😭😭

Not me.
Beware!!!!!
Beware of robber banks (RB), bad advisors. ;)
Der Trader All Time Pips: 52,970
Quoting Not-KPMG
Folks hello. I don't have time to read everything here, but I really need to drop a bit of info on Elliott Waves and all lies that Elliott represents. You've been warned. I just want to help I did quick search "was Elliott rich" found this... ....Elliott died broke along with Jesus At a trading conference, Alexander Elder made it a point to mention that R.N. Elliott died a relatively poor man. Kind of odd that someone who discovered the "key" to the financial markets didn't make a few bucks. Alex Elder also...
Maybe I missed something, but I don't see the connection to Trading Made Simple. If there is one, please make it explicit.
The markets are speaking to you. Do you know their language?
IMT Pips This Year: -140
Quoting emmanuel7788
AUDUSD Week 38 Sep 20 Sell on Daily and wait for Weekly NY Close and update trade plan for the following week(s). {image}

AUDUSD Week 38 Sep 20 closed... holding on with 98pips.

Let's see what happens when NY open on Sunday 5pm.

Looking at the Weekly, I will remain selling next week 39 Sep 23 to 27.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Sep20 D1 trade 98pips 21-09-2019 03-41-47.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting DrDave
{quote} Maybe I missed something, but I don't see the connection to Trading Made Simple. If there is one, please make it explicit.
I'm not saying there's connection, and I'm not saying NOT connection.

If you can't understand the word WARNING.... maybe you lack something?

All folks, have you seen the little text " 75-80% traders lose money "
That's a second warning 😱😱😱😨😨😨😨

That's it.
Smart will get it 😱😱😱😱👏👏👏👏👏

Quoting eelfranz
Is that possible? Yes. Years ago when I retired I was looking for something to do. I attended a

FREE!!!!!!! LOL

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... I bought one sure fire program for $2,300..... . 😱😱😂😂😂😂😂😂😂😂😂😂 ....boom broke ....
Oh yes it's third warning (post numero uno on thos thread 😱😱😱😨😨



Wish all green pips, just be patient, careful 🐢🐢
Beware of robber banks (RB), bad advisors. ;)
Der Trader All Time Pips: 52,970
Quoting Not-KPMG
{quote} I'm not saying there's connection, and I'm not saying NOT connection. If you can't understand the word WARNING.... maybe you lack something? All folks, have you seen the little text " 75-80% traders lose money " That's a second warning That's it. Smart will get it {quote} Oh yes it's third warning (post numero uno on thos thread Wish all green pips, just be patient,...
Please have some respect for older traders who contributed to the market.
I have studied EW extensively including the man behind the method. The reason he died broke was because he was not a trader. He was an accountant with a brilliant mind for seeing patterns in the financial statements of businesses. In his latter years at the age of 70 he was diagnosed with an incurrable disease and was confined to a wheel chair. With nothing to do, he studied stock charts (this was before the computer age) on printed paper and with his natural talent in spacial recognition discovered the various impulse waves. It is a more detailed version of Dow Theory. His goal wasn't to become rich, because he was already in his 70's and terminal (he knew he was dying). What the hell is he going to do with money? His goal at that point was to leave a legacy.

Read Prechter's Perspective by Robert Precter (the guy who re-discovered RN Elliot's work when it was forgotten by the rest of the world and made it famous).
Sources: https://www.amazon.com/Prechters-Per...s=books&sr=1-1

One thing that annoys me with so called "gurus". They believe that because they can't do it, then no one else can and the method is bad. Completely ignoring the few traders who can use the same method that they can't.
Quoting Maule
{quote} Please have some respect for older traders who contributed to the market. I have studied EW extensively including the man behind the method. The reason he died broke was because he was not a trader. He was an accountant with a brilliant mind for seeing patterns in the financial statements of businesses. In his latter years at the age of 70 he was diagnosed with an incurrable disease and was confined to a wheel chair. With nothing to do, he studied stock charts (this was before the computer age) on printed paper and with his natural talent...
Thanks Maule.
Keep it Simple
Quoting Maule
Please have some respect for older traders who contributed to the market.

I... n he died broke was because he was not a trader. He was an accountant with a brilliant mind for seeing patterns in the financial statements of businesses...

.d. Completely ignoring the few traders who can use the same method that they can't.
Hi

Sorry if i seemed brash /sharp.

I just got no time to argue. 🍻🍻

I've been in forex 10.5 years, and the amount of fake prophets I've seen will fill lake Victoria, and I'll gladly throw the crooks there.🙊🙊🙊🙊🙊🙉🙉🙉

There's working systems yes.👍👏

Little letters aren't system 😱👎👎👎👎

So what if Elliott was accountant, what excuse is that to die poor????

Letme tell you of ANOTHER ACCOUNTANT.

I know him because someone tried to patent something ,that apparently was invented 100 years ago.😨😱👏👏👏
Dumb boss ehhh

Read carefully :

Eli Janney, was the inventor of the modern knuckle coupler ....in 1873!!!!

The City of Alexandria named one of their streets in his honor, Janney's Lane...🍻🍻🍻

Janney's coupler and the Westinghouse air brake are generally regarded as being the two most significant safety inventions in U.S. railroads between...👏👏👏

https://en.m.wikipedia.org/wiki/Eli_H._Janney

The Janney coupler is used in Canada, the United States, Mexico, Japan, Australia, New Zealand, South Africa, Saudi Arabia, Cuba, Chile, Brazil, China, South and North Korea, and elsewhere.

👏👏👏👏👏👏👏📢📢📢
Letme tell you all, that accountant died a super rich man.

Enough of poor, book selling ,can't trade for a Dollar ,mr Eliott ehh?👎👎👎
Beware of robber banks (RB), bad advisors. ;)
Der Trader All Time Pips: 52,970
Today is Japan Bank holidays ... Sep 23

I have these 3 pairs on my radar this week 39 Sep 23 to 27.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 39 Sep 23 D1 TOK 0731 23-09-2019 07-30-44.png Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 39 Sep 23 D1 TOK 0732 23-09-2019 07-31-55.png Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week 39 Sep 23 D1 TOK 0733 23-09-2019 07-32-57.png Size: 54 KB


First check your news/event calendars and have your stop far away from the volatile periods. Use %Risk and Position Sizing for all positions and baskets.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Not-KPMG
{quote} Hi Sorry if i seemed brash /sharp. I just got no time to argue. I've been in forex 10.5 years, and the amount of fake prophets I've seen will fill lake Victoria, and I'll gladly throw the crooks there. There's working systems yes. Little letters aren't system So what if Elliott was accountant, what excuse is that to die poor???? Letme tell you of ANOTHER ACCOUNTANT. I know...

Hey Not-KPMG

thanks for the Janneys coupler info.

For 30 years I have been using the Reflex couplers on my Märklin models and loved the simplicity how that work.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
EURNZD Week 39 Sep 24 W1

with last week closed above the WRB High 1.7572, I look for possible reversal buy in the lower timeframe. D1 looks bearish at the moment and we have D1 10EMA just below current price action which is possible reaction. Also we have RBNZ rates decision tomorrow which is unlikely for further change so soon.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 39 Sep 24 W1 buy 24-09-2019 15-43-57.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
16 traders viewing now, 3 are members:
cdk1212
,
Gerald_S
,
Kubatrade