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Trading Made Simple

  • #101,221
  • Mar 11, 2020 6:48am Mar 11, 2020 6:48am
Valdastrade,

looking back, you'll see, that the main contributor is confusing very often.
To be clear, he's not the author of this system. This was eelfranz aka Eric, who passed away.
Later Mr. 'main contributor' hijacked this thread and rest is some history.

Good luck
josch
trading is war - life is simple
  • #101,222
  • Mar 11, 2020 7:22am Mar 11, 2020 7:22am
Quoting josch
Valdastrade, looking back, you'll see, that the main contributor poster is confusing very often. To be clear, he's not the author of this system. This was eelfranz aka Eric, who passed away. Later Mr. 'main contributor poster' hijacked this thread and rest is some history. Good luck josch
Made a little clarification to your posting. "Contributor" is a bit too generous term.
To free Gazans of Hamas, use whatever it takes.
  • #101,223
  • Mar 11, 2020 7:28am Mar 11, 2020 7:28am
Quoting Roni26
Also to cut losses guys enter when price closes above the 5ema. I have found that to be a higher winning edge than trades setups that occur closing on the opposite side. For example, this morning the Audjpy showed a bearish signal on the h4 timeframe, I didnt enter as price was above the 5ema. 4hours later at the next candle the signal reversed up and continued in that direction... dodged a bullet! Regards, Roni
This leads me to believe that either you did not read many of the posts in the thread, or else that you read a lot of them but failed to grasp the content.
To free Gazans of Hamas, use whatever it takes.
  • #101,224
  • Edited 8:04am Mar 11, 2020 7:52am | Edited 8:04am
Quoting Valdastrade
So there is still a little bit confusion about trading time. Author of this system says that he trades H1 timeframe during the day, first couple hours of London session opening and first couple of hours during New York session. He mentions, that he is trading H4 during the night, but actually he is trading H4 at the same time as he does with H1. I converted his time to my region and H1 trades should be opened at 9, 10, 11 am during London session opening and H4 at 8:00 12:00 and should be closed at 16:00. Correct me if I am wrong, but I want to...
BigE's trading time was his. You want to trade those houers, do so.
Set a alarm like BigE to the houers you want to trade and check the chart.
- Do this for a month or two. You will soon find which market that fit your houers the best)
- Use common sense, find the crossover were price has momentum. You find a slow market like Asia session comfortable then you trade those hours.
South Africa has the advantage that:
- Workday start at 08H00
-Frankfurt open 09h00, London 10H00, New York 15H00.
- Workday stop at 17H00.

I trade anytime when Green cross Red and can clearly see green on the other side of red with a good angle with stoch confirm direction.
- Don't like to have trades open when the market's close and pay those swap fees.
This trade will stay open until price take SL or it get's close to 23H50.
If awake when the market start a new day, the right crossover wil be trade.
Attached Image
  • #101,225
  • Mar 11, 2020 9:50am Mar 11, 2020 9:50am
GBPUSD
H1 coming down has also brought down H2. If price continues down, look for a continuation sell setup on H4.

If M30 or H1 rallies before this, watch for a continuation sell after the rally ends. However, a rally could propagate up through H2, which is next in line to rally, and would put the H4 continuation sell at risk.
To free Gazans of Hamas, use whatever it takes.
  • #101,226
  • Mar 11, 2020 12:14pm Mar 11, 2020 12:14pm
Quoting Valdastrade
So there is still a little bit confusion about trading time. Author of this system says that he trades H1 timeframe during the day, first couple hours of London session opening and first couple of hours during New York session. He mentions, that he is trading H4 during the night, but actually he is trading H4 at the same time as he does with H1. I converted his time to my region and H1 trades should be opened at 9, 10, 11 am during London session opening and H4 at 8:00 12:00 and should be closed at 16:00. Correct me if I am wrong, but I want to...

your local time now is 9pm (UTC+2) right?

come summer, DST your local time UTC+3
quite simple,

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- what is your broker server time.
- did your broker change its server time when US DST last weekend March 08?

simply sync your trading hours with your broker's H4 candle time.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,227
  • Mar 11, 2020 12:39pm Mar 11, 2020 12:39pm
Quoting emmanuel7788
{quote} your local time now is 9pm (UTC+2) right? come summer, DST your local time UTC+3 quite simple, - what is your broker server time. - did your broker change its server time when US DST last weekend March 08? simply sync your trading hours with your broker's H4 candle time.
You might not be ready for trading if you can’t understand TIME



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It takes a lot for me to IGNORE you, but you can try.
  • #101,228
  • Mar 11, 2020 12:43pm Mar 11, 2020 12:43pm
Quoting DrDave
GBPUSD H1 coming down has also brought down H2. If price continues down, look for a continuation sell setup on H4. If M30 or H1 rallies before this, watch for a continuation sell after the rally ends. However, a rally could propagate up through H2, which is next in line to rally, and would put the H4 continuation sell at risk.
About 2 hours ago, H4 continuation sell setup. (I was out then, and now is too late in the session.)
To free Gazans of Hamas, use whatever it takes.
  • #101,229
  • Mar 11, 2020 12:58pm Mar 11, 2020 12:58pm
Quoting Erebus
{quote} You might not be ready for trading if you can’t understand TIME {image}


Never too old for some love ....

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,230
  • Mar 11, 2020 1:20pm Mar 11, 2020 1:20pm
Quoting DrDave
{quote} Made a little clarification to your posting. "Contributor" is a bit too generous term.
No contradiction!
trading is war - life is simple
  • #101,231
  • Mar 11, 2020 1:22pm Mar 11, 2020 1:22pm
Quoting emmanuel7788
{quote} Never too old for some love ....
About time you guys had some love in this thread



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It takes a lot for me to IGNORE you, but you can try.
  • #101,232
  • Mar 11, 2020 4:41pm Mar 11, 2020 4:41pm
Thanks for answers, btw my main point was to be clear about trading time. I know most of the things which are needed to trade in fx markets. I also know how to backtest systems etc. I was reading this whole thread and there was so much confusion about this system. That is because there is no such a post, which could include all clear system rules: for entering, for managing and exiting trade. Also I needed more info about this system trading time. It is important for me, because if someone makes money this way, I want to learn trading exactly how it was proven to work. So are there any people, who could finally say what are exact rules?
I was also reading whole pdf file of author's post (77 pages). After reading it, there was some confusion. Are there any people who trade this system atm, make consistent profits, and know exact rules?
  • #101,233
  • Mar 11, 2020 5:10pm Mar 11, 2020 5:10pm
Quoting Valdastrade
Thanks for answers, btw my main point was to be clear about trading time. I know most of the things which are needed to trade in fx markets. I also know how to backtest systems etc. I was reading this whole thread and there was so much confusion about this system. That is because there is no such a post, which could include all clear system rules: for entering, for managing and exiting trade. Also I needed more info about this system trading time. It is important for me, because if someone makes money this way, I want to learn trading exactly how...
Trading Made Simple 5-Method is not a trading system. It is a simple trend following trading methodology.
The OP has his own rules but he did not reveal all his rules because he was a rule-based discretionary type of trader.
This thread is just another phase of the OP's trading journey which he started in 2008.

Example of traders who use the OP's 5-Method trading methodology and developed his own systems is mehdi343. He wrote his own simple rules for two of his methods. He was made a Commercial Member according to FF membership terms and conditions. His thread was moved to the Commercial Content forum.
https://www.forexfactory.com/showthread.php?t=588548

Edit:
based on mehdi343 Method#1
there was a trade on Daily Tuesday Mar 10.... Daily Close.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,234
  • Mar 11, 2020 6:07pm Mar 11, 2020 6:07pm
AUDJPY Mar 12 H4 TOK open

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,235
  • Mar 11, 2020 6:33pm Mar 11, 2020 6:33pm
AUDJPY Mar 12 H4

Trade Management using risk R and R-Multiples

risk is initial Stop Loss using previous 2 bars/candles high, do your trade Position Size.

price move to TP1 level, you decide if you want to lock ... moved initial SL to BE+ and get a free trade.

Attached Image (click to enlarge)
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your next trading task is:
Wait and see if price move further lower. If it moves to TP2 level, I would move to trailing SL to TP1 level and lock in 1R profit.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,236
  • Mar 11, 2020 7:16pm Mar 11, 2020 7:16pm
Quoting Erebus
{quote} About time you guys had some love in this thread {image}

Do Not forget we argue all the time - the OP said this and this and this, ... the OP did not say that and that and that in #463#limitations ...

... what is black and what is white, ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,237
  • Edited Mar 12, 2020 1:06am Mar 11, 2020 8:44pm | Edited Mar 12, 2020 1:06am
Quoting Valdastrade
Thanks for answers, btw my main point was to be clear about trading time. I know most of the things which are needed to trade in fx markets. I also know how to backtest systems etc. I was reading this whole thread and there was so much confusion about this system. That is because there is no such a post, which could include all clear system rules: for entering, for managing and exiting trade. Also I needed more info about this system trading time. It is important for me, because if someone makes money this way, I want to learn trading exactly how...
Your post read like so many other countless post's:
"Are there any people who trade this system atm, make consistent profits, and know exact rules?"

All your questions have been answered by BigE (in person) in that 77 page pdf.
Emmanuel gave you a direct explanation how to convert BigE's time to your time .
Did you even bother try to do what Post 101,228 show?
example:
BigE's time overlay with FF time converter
Attached Image (click to enlarge)
Click to Enlarge Name: sppon.PNG Size: 90 KB

Have you tried to use a international online clock?
https://www.timeanddate.com/worldclock/
  • #101,238
  • Mar 12, 2020 1:28am Mar 12, 2020 1:28am
Quoting DrDave
{quote} About 2 hours ago, H4 continuation sell setup. (I was out then, and now is too late in the session.)
GBPUSD D2 has turned down. Now watching H2 for a rally, then sell continuation setup.
To free Gazans of Hamas, use whatever it takes.
  • #101,239
  • Edited 8:10am Mar 12, 2020 3:13am | Edited 8:10am
Thread activity the last couple of days pointing to lots of capsized vessels.... Others taking on a lot of water and sinking fast.

Attached Image

To free Gazans of Hamas, use whatever it takes.
  • #101,240
  • Mar 12, 2020 3:17am Mar 12, 2020 3:17am
Quoting DrDave
Thread activity the last couple of days pointing lots of capsized vessels.... Others taking on a lot of water and sinking fast. {image}
Don't blame TDI, blame TDICloudorona
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