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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #181
  • Apr 27, 2011 5:55am Apr 27, 2011 5:55am
I am short on NU tp 0.8035
Attached Image (click to enlarge)
Click to Enlarge Name: rrr.gif Size: 19 KB
Trade responsiblypatience is the key/Swing trader
  • #182
  • Apr 27, 2011 5:58am Apr 27, 2011 5:58am
Hi Guys,
This is for me +137 pips since yesterday. Any others doing tests ?

Have a good day to all!!

Big thank you to eelfranz to let us know his technique. I really like it!

Mfinab,
  • #183
  • Apr 27, 2011 6:08am Apr 27, 2011 6:08am
Thanks for sharing eelfranz. Testing and trading it as we speak and looking good so far
nollej is power..
  • #184
  • Apr 27, 2011 6:09am Apr 27, 2011 6:09am
Trading is really a simple thing when people have a good system what's success ratio is extremely high........
  • #185
  • Apr 27, 2011 6:19am Apr 27, 2011 6:19am
Quoting mfinab
OK Here is another trade I took yesterday.

USD JPY
http://my.jetscreenshot.com/4229/201...yaz4-540kb.jpg
Its hard to be sure from the picture but when you entered the trade it looked a little close to that area of support that had held since the 20th. Price action did look like it was consolidating. I think recognising ranging/consolidating markets is key to success with this method. The compassfx videos really helped me a few weeks back to read these APBs. I think the APB video was posted on this thread earlier.
  • #186
  • Apr 27, 2011 6:22am Apr 27, 2011 6:22am
Well, the system seems great so far. But I let some trades to continue after London opening, BAD idea. I was on +$10 and now I'm -$40 haha. I'm demoing with 0.02 lots on a initial balance of $400 . Looks like closing trades before London it's a must. At least I'll try to hedge haha.

So, the trade should be placed at the open of the candle when the TDI cross is evident, right? not at the close if the TDI already crossed 4 hours earlier?
  • #187
  • Apr 27, 2011 6:32am Apr 27, 2011 6:32am
Nice trades there mfinab...looks like you have it dialed in...
Charts are nice and clean too...easy to see what's happening...
Good trades...cheers...
Cliff

Quoting mfinab
OK Here is another trade I took yesterday.

USD JPY
http://my.jetscreenshot.com/4229/201...yaz4-540kb.jpg
I get exercise just pushing my luck
  • #188
  • Apr 27, 2011 6:37am Apr 27, 2011 6:37am
Oh, SNAP!!!
Excellant scalping...and on the Yens too...
This TMS method is so adaptable to any personality or TF...
Good trades...
Cliff

Quoting ptla
Hi eelfranz

I have just scalped $782 out ....Good longs on jpy pairs currently.
Thanyou so much for sharing finally it has all come together for me now
looking forward to the future
many thanks ptla
I get exercise just pushing my luck
  • #189
  • Apr 27, 2011 6:44am Apr 27, 2011 6:44am
Morning Trucomallica...which pair or pairs was the trade taken in?


Quoting Trucomallica
Well, the system seems great so far. But I let some trades to continue after London opening, BAD idea. I was on +$10 and now I'm -$40 haha. I'm demoing with 0.02 lots on a initial balance of $400 . Looks like closing trades before London it's a must. At least I'll try to hedge haha.

So, the trade should be placed at the open of the candle when the TDI cross is evident, right? not at the close if the TDI already crossed 4 hours earlier?
I get exercise just pushing my luck
  • #190
  • Apr 27, 2011 6:55am Apr 27, 2011 6:55am
Quoting cce
Nice trades there mfinab...looks like you have it dialed in...
Charts are nice and clean too...easy to see what's happening...
Good trades...cheers...
Cliff
Hi Cliff,

Thanks for you comment!

Mfinab,
  • #191
  • Apr 27, 2011 7:01am Apr 27, 2011 7:01am
Quoting Trucomallica
Well, the system seems great so far. But I let some trades to continue after London opening, BAD idea. I was on +$10 and now I'm -$40 haha. I'm demoing with 0.02 lots on a initial balance of $400 . Looks like closing trades before London it's a must. At least I'll try to hedge haha.

So, the trade should be placed at the open of the candle when the TDI cross is evident, right? not at the close if the TDI already crossed 4 hours earlier?
Post the charts maybe someone could help figure out what went wrong. A trade should be placed as soon as possible to the open of the new candle (when TDI cross has occurred and you have confirmed the market isn't in consolidation also watch out for entering trades in the direction of close support and resistance areas).
  • #192
  • Apr 27, 2011 7:04am Apr 27, 2011 7:04am
Hi Guys,
I know it's not a good time of the day to take a trade but I did anyway... just to see what's gonna happend on that one.

Have a good day!

Mfinab,
http://my.jetscreenshot.com/4229/201...gxpu-594kb.jpg
  • #193
  • Edited 7:21am Apr 27, 2011 7:10am | Edited 7:21am
Hi,

Maybe I'm posting too much charts in here ???

If my setups are not the way it should be, don't you guys hesitate to tell me...
USD CAD
http://my.jetscreenshot.com/4229/201...55qo-498kb.jpg




Edited ................. As you can see, I made a HUGE Mistake on that trade!! SL is too tight, It will be HIT by BIG NEWS that are coming in 10 mins.... I'll let it there anyway as it is on Demo. But we need to be carefull at that time of day with so much news.


Mfinab,
  • #194
  • Edited 7:43am Apr 27, 2011 7:28am | Edited 7:43am
Quoting eelfranz
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 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...
Hi Eelfranz.

I blindly manually backtested these trades, i've done ALL trades on EURUSD from 5jan2011 'till now, but my final result was not positive.
To be true i started the trades at 11/12 p.m. pacific time (equivalent of 7/8 a.m. GMT+1), but i don't think this is the main problem.

A friend of mine just mailed me, he did the same test (i asked him of course), and the result was similar to mine.

..What we are missing?
You use some kind of discretion in your trades, or don't trade if the price has gone too far before the 10p.m., or something else?

I don't mean to disturb with my post, if there is any problem with it PM me, i will cancel it.

Bye!
  • #195
  • Apr 27, 2011 7:35am Apr 27, 2011 7:35am
[quote=mfinab;4574298]Hi Guys,
I know it's not a good time of the day to take a trade but I did anyway... just to see what's gonna happend on that one.

Have a good day!

Mfinab,
http://my.jetscreenshot.com/4229/201...gxpu-594kb.jpg

Hi Mfinab.

I was looking over your charts and noticed my charts don't quite look the same.
The green line hasn't crossed the red yet.

Can anyone explain? Am i missing something?

Cheers

SR
Attached Image (click to enlarge)
Click to Enlarge Name: nu.jpg Size: 81 KB
  • #196
  • Apr 27, 2011 7:36am Apr 27, 2011 7:36am
Has anyone tried to trade on 4H and use 30min timeframe as a triger. Or use 1H and 5min. That would give us earlier/better entry but at the same time we probably would have more false signals.
  • #197
  • Apr 27, 2011 7:39am Apr 27, 2011 7:39am
Where did you get the trading sessions clock? Would love to have that indi...can you share?

Love this method by the way!

Quoting mfinab
Hi,

Maybe I'm posting too much charts in here ???

If my setups are not the way it should be, don't you guys hesitate to tell me...
USD CAD
http://my.jetscreenshot.com/4229/201...55qo-498kb.jpg




Edited ................. As you can see, I made a HUGE Mistake on that trade!! SL is too tight, It will be HIT by BIG NEWS that are coming in 10 mins.... I'll let it there anyway as it is on Demo. But we need to be carefull at that time of day with so much news.


Mfinab,
  • #198
  • Apr 27, 2011 7:43am Apr 27, 2011 7:43am
[quote=Sjr;4574369]
Quoting mfinab
Hi Guys,
I know it's not a good time of the day to take a trade but I did anyway... just to see what's gonna happend on that one.

Have a good day!

Mfinab,
http://my.jetscreenshot.com/4229/201...gxpu-594kb.jpg

Hi Mfinab.

I was looking over your charts and noticed my charts don't quite look the same.
The green line hasn't crossed the red yet.

Can anyone explain? Am i missing something?

Cheers

SR
different brokers have different feeds. ie, mybroker GoMarkets Aus shows similar to yours
  • #199
  • Edited 7:57am Apr 27, 2011 7:53am | Edited 7:57am
Here is a trade I took as per the rules on GU. This morning in the US session.

Took one last night per the rules, ended up being a 34 pip loser.
(Exited as per the rules when the TD went flat.....looked like fakeout before the move now)

This is live with 1 cent per pip. I use a stock 100 pip sl right now.

As of now up 14 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gutdapr27.gif Size: 22 KB
  • #200
  • Apr 27, 2011 8:08am Apr 27, 2011 8:08am
Quoting SteMag
Hi Eelfranz.

I blindly manually backtested these trades, i've done ALL trades on EURUSD from 5jan2011 'till now, but my final result was not positive.
To be true i started the trades at 11/12 p.m. pacific time (equivalent of 7/8 a.m. GMT+1), but i don't think this is the main problem.

A friend of mine just mailed me, he did the same test (i asked him of course), and the result was similar to mine.

..What we are missing?
You use some kind of discretion in your trades, or don't trade if the price has gone too far before the 10p.m., or...
I will be very interested to hear the response to this. Stemag, perhaps you can identify some specific loss trades to Eelfranz so that so he can determine what went wrong with them and whether they are valid trades.
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