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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #101
  • Apr 26, 2011 12:52pm Apr 26, 2011 12:52pm
Quoting Knez
eelfranz,

could you please look at this chart taken from your post, and and let me know about the entry, please.

http://clip2net.com/s/UdaC

Thank you.
Knez,

That would be trading against a strong uptrend.

rustynail
  • #102
  • Apr 26, 2011 1:07pm Apr 26, 2011 1:07pm
Quoting eelfranz
I 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...
I'm sorry if I missed the answer to this question but I didn't see any mention: when you put on these trades above, what are you doing about stops?

And, if I'm understanding you right, you are closing out all trades at 0550 when you wake up whether they are win or lose and looking for a net profit?

Thanks for your response...
Scarlett
  • #103
  • Apr 26, 2011 1:32pm Apr 26, 2011 1:32pm
Quoting EllisEdi
For 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.

-- Mark

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)
see #90

Thank you Mark!

Looks really great! Friendly colours!

Best regards
FXcube
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  • #104
  • Apr 26, 2011 1:33pm Apr 26, 2011 1:33pm
If you check up the picture, You will see wher the problem is. You did not mark atleast 8 points that are valid crosses. Why? I dont say this are bad enteries. Some of tham are very good but you did not mark them.

BR
Sasa


Quoting cce
WhatFx,
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...
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  • #105
  • Apr 26, 2011 3:20pm Apr 26, 2011 3:20pm
Quoting Incrediblle
Thanx 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.
That may very well keep heading down a bit more but notice how it has been a rough ride so far. Also the move has gone down many bars so far making it not a prime entry. Another thing you can see is how the TDI is bouncing a bit on the 50 line another sign of weakness for me.

eelfranz or others please correct or add any thing if needed.

Hope I helped.
Could it be Man is trying to be something without knowing they're complete?
  • #106
  • Apr 26, 2011 3:41pm Apr 26, 2011 3:41pm
Hi 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.

Thanks!
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  • #107
  • Apr 26, 2011 3:42pm Apr 26, 2011 3:42pm
Let me straighten a few things out as I get started today (1:30pm).

I have to deal with a lot of medical problems each day. Not looking for sympathy here. So at times I won't be availabe to answer questions directly so please be patient and understand...

I have a wonderful group of traders... that know what their doing and they have been jumping in to help... which I appreciate dearly... they have become close and trusted friends and they love what they do here. There here to help you learn...

Many traders are making money for the first time since they started trading fx and they deserve it too. I get hi on other peoples success.

If you ask a question and it doesn't get answered... please forgive us and please ask it again... it gets a little hectic over here...

I'm going to post lots of charts with trade examples. I always learned best by seeing... probably you too...

Welcome aboard to all new thread members. We want you all to participate in a positive manner and post charts too.

Well, lets get to it...

  • #108
  • Apr 26, 2011 3:52pm Apr 26, 2011 3:52pm
[quote=mfinab;4571556]Hi!

On that AUD USD Pair, wouldn't be a nice long entry place ??

Thanks,

Mfinab

Mfinab, the entry was good, but I didn`t take it because of the resistance on the left! Hope this helps

Vahagn
  • #109
  • Apr 26, 2011 4:00pm Apr 26, 2011 4:00pm
This video really helped me in understanding how we should read Average Price Bars. After you watch it look at your charts and notice how normal and strong looking APBs make for good entry when the trade signal sets up.

http://www.compassfx.com/video/flash/22108/22108.html

Could it be Man is trying to be something without knowing they're complete?
  • #110
  • Apr 26, 2011 4:01pm Apr 26, 2011 4:01pm
Eelfranz,

THIS HISTORY SHOULD BE PLACED ON PAGE #1.

Here is a brief history of the "Trading made simple by Eelfranz".

When I first met Eelfranz we were studying the system "The
Stochastics Secrets 9-1-2008 by Red Trader". We were evaluating
all the possible ways of trading using Stochastics.

Which led to Craig Harris method 12-11-2009 of different possible
ways of using the Stochastics. Basically stochastics 8-3-3 using
a 15 minute chart with support and resistance.

Which led us to Synergy System with Dean Malone 1-1-2010. And
the finding of the TDI (Traders Dynamic Index) as the main indicator
not the stochastics. Using the stochastic as a secondary indicator.
Also using 1 hour, 4 hour daily charts. Which was new to me because
I was using the 5 minute and 15 minute charts.

Which led to the 5 system (Eelfranz) 1-1-2011 which is the
Trading Made Simple System on the main Forex Factory System
Section. Which is using the TDI indicator as the main indicator
not stochastics with the Ema 5 (typical) shift +3.

So in my mind 9-1-2008 to today 4-26-2011 (2 1/2 years in the making)
all in the search of greater profits with a simple system that is easy
to understand. We are here sharing with our fellow traders at Forex
Factory what we have come up with to be more successful.

If anyone in the future... is interested they can go to the
search function and search our posts starting with Red Trader and
the secrets of stochastics. In my mind this system has been a long
time in the making with hundreds of posts. We felt that it would
be easier for everyone to start a new heading on page 1 without having
to go through hundreds of old posts starting 9-1-2008.

Also I would like to thank Eelfranz for this wonderful learning journey
2 1/2 years and counting. Someone told me "how long is that string
that your pulling on at forex factory in the learning process". For me
it's been 2 1/2 years and still going strong. I've always had the
position of learn as much as you can because the economy is falling
apart and this just might be your next fulltime job so you better
learn. Also forex factory members have been great. Traders learning
from traders free...what could be better...

So once again a big Thank You to everyone and now you know!!!

snarlyjack
  • #111
  • Apr 26, 2011 4:04pm Apr 26, 2011 4:04pm
Eelfranz,

How do you vote for a system?

This system should be rated a 5 star system and I would like to
cast my vote for it.

tks

snarlyjack
  • #112
  • Apr 26, 2011 4:10pm Apr 26, 2011 4:10pm
Quoting snarlyjack
Eelfranz,

How do you vote for a system?

This system should be rated a 5 star system and I would like to
cast my vote for it.

tks

snarlyjack
Top right of the thread click the stars for rating and make your vote.
Could it be Man is trying to be something without knowing they're complete?
  • #113
  • Apr 26, 2011 4:17pm Apr 26, 2011 4:17pm
Thanks Numb3rs I appreciate your help and I just voted for 5 stars!

tks

snarlyjack
  • #114
  • Edited 5:39pm Apr 26, 2011 4:29pm | Edited 5:39pm
Ok... lets quit posting anything more about any commercial sites as well as Dean Malone... I don't want to end up in the Commercial area so please help. I'll have to beat your corn flakes black and blue if it happens ...

Just because someone posts a chart and highlights a few trades... give it a break. Your missing the point of the chart posted. If your dumb as a stump because your new... juat say so... otherwise pay attention and ask meaningful questions. We were all that stump at one time long ago... let's not get petty...
  • #115
  • Edited 10:57pm Apr 26, 2011 4:47pm | Edited 10:57pm
Here is a training chart... yes, yes, yes there are many trades on it but look at the TDI Blue boxes.

A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side)

A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally.

I always look to the left for a possible res/sup level being near. If it's close I pass on the trade and go find another...
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  • #116
  • Apr 26, 2011 4:55pm Apr 26, 2011 4:55pm
eelfranz,

With your 4hr nightly approach - according to the candles that you trade (10pm, 2am and 6am Pacific Time), you only trade the London session and close all your positions at 6:00am (PT)... just when New York is 0.5hr into its session and after the usual 5:30am(PT) U.S. news release.

May I ask why? ...Is it because NY gives us frequent reversals?...

Nice system! Thanks!
  • #117
  • Edited 11:04pm Apr 26, 2011 5:04pm | Edited 11:04pm
Training Chart... Every red verticle line denotes a proper trade set up on the TDI... There is 16 total. Well it looks like one or two MIGHT have been a small loser... oh my gosh... so using this method on a current chart... what does that make your winning percentage? If you decide to trade this Simple Method I recommend you go to your local hardware store and buy a wheelbarrow to carry your pips to the bank. I got mine gold plated... what color is yours SnarlyJ ?

Every time I enter a trade I Expect To Win... right from the get go. If I'm not sure because of what I'm seeing I'll pass and find another set up... therefore the wheel barrow is required equipment to trade this simple method...
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  • #118
  • Apr 26, 2011 5:17pm Apr 26, 2011 5:17pm
Quoting hitescape
Hi 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.

Thanks!
Hi Hitescape,

I took the same trade here even before knowing you were taking that trade too.

Let's see ! http://my.jetscreenshot.com/4229/201...4w8k-679kb.jpg
  • #119
  • Edited 5:41pm Apr 26, 2011 5:26pm | Edited 5:41pm
Klops...

I generally quit trading at 6am Pacific (9am est). Why? The market might cook some for the next hour or two but unless there is a hot news announcement during the day... the market pretty much peters out and ranges... I don't want to be trading in that junk. Thats where dealers make most of your money is ranging markets and 5-15 min time frame trading... you got to quit trading those trash time frames. Granted there are 2 out of 100 who can Kick bootie there but chances are your in the 98% who can't. I hear it over and over traders complaining that they have 2-3 years experience but can't keep their head above water... always losing or just breaking even... or worse...

You can't get different results if you keep doing the same thing over and over... just ain't gonna happen anytime soon...

Years ago I traded stocks but later switched to fx. I started using higher timeframes moving up from 5 to 15 to 30 to 1hr and I was seeing benefits every time I went higher. Kept working on the TDI honeing it to the maximum simplicity possible and moving up to 4hr charts and trading at my bed time... wow what a difference in pips earned... stress free as I slept...

On this method the TDI is King. All trades are signaled by it as well as exits... does that keep it simple. Only red and green lines (double thickness) and remove the others... cut out any possible confusion... make it simple for YOU !
  • #120
  • Apr 26, 2011 5:28pm Apr 26, 2011 5:28pm
Quoting snarlyjack
Thanks Numb3rs I appreciate your help and I just voted for 5 stars!

tks

snarlyjack
I just voted 5 stars too!
Mfinab,
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