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Trading Made Simple

  • #141
  • Apr 26, 2011 6:56pm Apr 26, 2011 6:56pm
Hi Guys,

I took another trade on G/U. LONG

If you guys doesn't want any charts like I do, don't hesitate to tell me.

I may be wrong on that one, it is very flatty... let see...

Mfinab,
http://my.jetscreenshot.com/4229/201...gmfs-530kb.jpg
  • #142
  • Apr 26, 2011 7:02pm Apr 26, 2011 7:02pm
The question was concerning why not enter on candle # 3. In this example the TDI indicates taking the trade on candle # 1. Had you entered on candle # 3 you would have been two candles late for the CORRECT ENTRY. Because a reversal normall runs 3-8 candles we were fortunate it has run so many candles...

The idea about entering on candle 1 or 2 if you get the TDI signal is if it only goes 3 candles you should get on average at least some profit... especially on higher time frames.
Attached Image (click to enlarge)
Click to Enlarge Name: a-u2.gif Size: 27 KB
  • #143
  • Apr 26, 2011 7:05pm Apr 26, 2011 7:05pm
MfinabMf... We love your charts and encourage all to post theirs for comments so they can learn...
  • #144
  • Apr 26, 2011 7:13pm Apr 26, 2011 7:13pm
Quoting mfinab
Hi Guys,

I took another trade on G/U. LONG

If you guys doesn't want any charts like I do, don't hesitate to tell me.

I may be wrong on that one, it is very flatty... let see...

Mfinab,
http://my.jetscreenshot.com/4229/201...gmfs-530kb.jpg
why don't wait for the candle close for confirmation? I like it too, but I wait for next candle.

regards
  • #145
  • Apr 26, 2011 7:22pm Apr 26, 2011 7:22pm
Quoting eelfranz
The question was concerning why not enter on candle # 3. In this example the TDI indicates taking the trade on candle # 1. Had you entered on candle # 3 you would have been two candles late for the CORRECT ENTRY. Because a reversal normall runs 3-8 candles we were fortunate it has run so many candles...

[font=Comic Sans MS][size=3][color=#0000ff]The idea about entering on candle 1 or 2 if you get the TDI signal is if it only goes 3 candles you should get on average at least some profit......
Big E... I have been testing this system for a week or more and I agree 100% about the correct entry being on either the 1st or 2nd candle. Since I am on demo I have tried just about every entry scenario and have entered late a bunch of times only to find it a struggle sometimes to eak out more than 10 pips profit before needing to exit before the line flattens or curls. I have had a few trades move on for even more than 8 candles but why take the chance? If you miss a trade there will always be another one sooner or later. 1st or second candle entry puts odds in your favor. My 2 cents.
  • #146
  • Apr 26, 2011 7:34pm Apr 26, 2011 7:34pm
I highly appreciate the spirit of sharing here and thanks to Eelfranz for his kindness sharing this very simple system.
I got a TDI with alerts indicator and I hope it can help to trade this simple system easier
Attached File(s)
File Type: mq4 TDI-With_Alerts.mq4   24 KB | 10,027 downloads
  • #147
  • Apr 26, 2011 8:12pm Apr 26, 2011 8:12pm
Subscribed.. eelfranz thanks for your generous contribution, i am also in a similar situation to yourself (self funded retiree) am looking forward to improving my lifestyle through studying your method.

Best Regards
  • #148
  • Apr 26, 2011 8:42pm Apr 26, 2011 8:42pm
Subscribing to the best thread I have seen in a long time! Thanks eelfranz!
  • #149
  • Apr 26, 2011 9:19pm Apr 26, 2011 9:19pm
Quoting eelfranz
Klops...

[font=Comic Sans MS][size=3][color=blue]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...
Thank you for the answer.

I'm not sure whether NY sessions are such a frequent washout but I completely agree with you about progressing towards longer time frames. I've been trading short TFs for a very long time but I slowly begin leaning towards more relaxed, longer and quite possibly easier to trade TFs, and your 4hr "Made Simple" approach is very tempting to test.

Thanks again!
  • #150
  • Apr 26, 2011 9:32pm Apr 26, 2011 9:32pm
Today I came across this tread and I like what I have read so far. A great thank you to eelfranz for posting such a simple method. Also, thanks to all other helping members.

FxPuppy
  • #151
  • Apr 26, 2011 9:41pm Apr 26, 2011 9:41pm
Like what I see in this thread. One question I had is what is the point of the 5 SMA? Do we only take short trades on the downside of the SMA, and long trades on the upside? Or is simply for determining the trend???

Thanks for clearing this up for me. Great looking system you got going on here.
  • #152
  • Apr 26, 2011 10:15pm Apr 26, 2011 10:15pm
Quoting Nate04
Like what I see in this thread. One question I had is what is the point of the 5 SMA? Do we only take short trades on the downside of the SMA, and long trades on the upside? Or is simply for determining the trend???

Thanks for clearing this up for me. Great looking system you got going on here.
5 shifted ema:
Basically this is a visual reference. When a candle is crossing it the green TDI line is crossing red also.

hope thats clear
Could it be Man is trying to be something without knowing they're complete?
  • #153
  • Apr 26, 2011 10:21pm Apr 26, 2011 10:21pm
Great info here. Can, or has this method been traded on the daily time frame yet? Fewer trades, less stress, more pips? Thanks for the reply.
C.
  • #154
  • Apr 26, 2011 10:47pm Apr 26, 2011 10:47pm
Really nice system, thanks for sharing.

I read the thread and may have missed it, but what purpose does the stochastics indicator serve - since the whole key seems to be the TDI
crosses for entry and shape for exit?
  • #155
  • Apr 26, 2011 10:55pm Apr 26, 2011 10:55pm
Quoting calbracht
Great info here. Can, or has this method been traded on the daily time frame yet? Fewer trades, less stress, more pips? Thanks for the reply.
C.
Yes daily works too. It's not time frame dependent but as for most trading methods longer time frames means less bad trades. Yes less stress also.
Could it be Man is trying to be something without knowing they're complete?
  • #156
  • Apr 26, 2011 10:57pm Apr 26, 2011 10:57pm
I'll attempt to post the current template set up I'm using. Included are indies I use. Set to default. Included a pic as well. Change the colors as you like. Test loading worked ok for me. I'm using FXDD platform.
Good trades to all.
Cheers.
Cliff
Attached Image (click to enlarge)
Click to Enlarge Name: #1 best 5 ma tdi (2).tpl.jpg Size: 152 KB
Attached File(s)
File Type: tpl #1 best 5 ma tdi (2).tpl   2 KB | 20,193 downloads
File Type: ex4 Synergy_APB.ex4   4 KB | 17,515 downloads
File Type: ex4 TDI Red Green.ex4   5 KB | 18,043 downloads
File Type: mq4 Stochastic_Color_v1.02classicC.mq4   15 KB | 20,329 downloads
File Type: ex4 Stochastic_Color_v1.02classicC.ex4   16 KB | 18,656 downloads
I get exercise just pushing my luck
  • #157
  • Apr 26, 2011 11:27pm Apr 26, 2011 11:27pm
Quoting cce
I'll attempt to post the current template set up I'm using. Included are indies I use. Set to default. Included a pic as well. Change the colors as you like. Test loading worked ok for me. I'm using FXDD platform.
Good trades to all.
Cheers.
Cliff
Thanks cce

I added it to the document post 126.
Going to bed now kinda tired see you all in the morning.
Could it be Man is trying to be something without knowing they're complete?
  • #158
  • Apr 26, 2011 11:38pm Apr 26, 2011 11:38pm
For New Traders Only... I hope your not burning your eye sockets out trying to read the charts. You need to click on the charts to enlarge them... sometimes up to 3 times for max magnification...
  • #159
  • Apr 26, 2011 11:40pm Apr 26, 2011 11:40pm
thank you for the post of this great system.
can anyone read this post
  • #160
  • Apr 26, 2011 11:44pm Apr 26, 2011 11:44pm
Unless you mastered this method already... keep the questions or concerns coming. Post your Demo trades too.

Continue making Demo trades to build your confidence and study old charts where the TDI gives clean signals... it will pay you in spades... well, pips in our case...
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