That would be trading against a strong uptrend.
Indicators for the 'Trading Made Simple' system 342 replies
Monitor for 'Trading Made Simple' system 550 replies
DislikedI prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time, 2am my time and 6am my time.
[font=Comic Sans MS][size=3][color=#0000ff]My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I...Ignored
DislikedFor those of you who do not like custom indicators or using "ex4" files ...
big e no custom.tpl is a template for the method with the HA candles in the main window.
big e no custum swha.tpl is a template that puts the HA candles in a separate window so you can see the price action candles.
They both do not use any indicators that do not come with the base install of MetaTrader 4.
p.s. You might want to change the Stocastics to the 8,3,3 settings. the ones in the template run a 5,3,3 setting (for lower timeframes)Ignored
Threw on a quick 4h chart here to show how simple entries can be...
All are 1st or 2nd candle entries...
The same setup applies to lower or higher TF's as well...
Shows a clear cross in each example...
SL can be last HH or LL if left unmonitered...
If monitoring, then the TDI green line's movement will get you out of a Ranging Market as it begins, i.e., it will flatten and or hook signaling to close the trade....
The 5 EMA helps to show direction and strength of the market, kind of like a line in the sand...
Results for this trading approach...Ignored
DislikedThanx for the system looks intersting...
this is my first chart on this method....TDI just crossed red down shud i take the trade?
I took a short trade.Ignored
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DislikedHi and thank you for such a simple system! While this is my very first post here at FF I have been trading full time for over 3 years now. Could someone confirm whether this first trade is valid or if not, please help me understand why not.