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Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #241
  • Apr 27, 2011 12:31pm Apr 27, 2011 12:31pm
snarlyjack,

It appears from your last post you have found what many traders will never find.......a method that works for them. Best of trades to you in the future.

_______________________________
  • #242
  • Apr 27, 2011 12:41pm Apr 27, 2011 12:41pm
two winning trades

EUR/CHF 4HR = 63 pips
GBP/CHF 4HR = 78 pips

Entered on the red line.

Initially had about a 80 SL on both. Then when they both moved into profit I moved the SL up to BE and set a 45 pip trailing SL. On the GBP/CHF trade my trailing stop got taken out and on the EUR/CHF chart I exited when TDI hooked over on the formation of the next candle.

Charts 1 & 2 show the entry
Charts 3 & 4 show the exit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ec10am.gif Size: 19 KB
Click to Enlarge Name: gc10am.gif Size: 18 KB
Click to Enlarge Name: ec6pm.gif Size: 18 KB
Click to Enlarge Name: gc4pm.gif Size: 20 KB
  • #243
  • Apr 27, 2011 12:43pm Apr 27, 2011 12:43pm
On the chart below, the 2 entries marked with the green line look valid and are losers. Can anyone confirm that ? Thanks
Attached Image
  • #244
  • Apr 27, 2011 12:43pm Apr 27, 2011 12:43pm
my other trade for the day just to prove it doesn't always work 3 pips profit. Exited out as soon as I saw the TDI hook (shown in second chart).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ga10am.gif Size: 18 KB
Click to Enlarge Name: ga2pm.gif Size: 18 KB
  • #245
  • Apr 27, 2011 12:47pm Apr 27, 2011 12:47pm
Quoting 2scoops
Monitor the trade on the formation of each 4hr candle, any flattening, hooking over or reversal of TDI then strongly consider exiting however many pips your up or down.
That was a question I had. If not stopped out, do we consider the flatenning/hooking only at the start of each 4H candle?

Or just as it forms? For instance if we see flattening or hooking midway between a 4H candle.

I'm thinking the TD is like stochastics (but from short observation not as bad), which can bend and cross, uncross flatten and then reshape before the open/close of the next candle. So, it makes stochastics look really good in hindsight, but when you see what they do real time they become a tricky tool to use.
  • #246
  • Apr 27, 2011 12:52pm Apr 27, 2011 12:52pm
I have a question for eelfranz or his trading group. This method basically offers two windows of time to either enter/close trades and the one final time to close out the trade. In your experience, have you noticed more entry opportunities between the first or second times? For example, if 10pm and 2pm were the times to look, can someone just focus on one of the two times for trade entry and close out the trade at 6am? Or are the trades opportunities pretty balanced between the two times?

Thanks so much for sharing this method.

Thanks.
  • #247
  • Apr 27, 2011 12:54pm Apr 27, 2011 12:54pm
Thunderwolf,

The settings I use are:

5 EMA shift +3 typical price (hlc/3)

Between the Ema and the TDI on the 4 hour chart in my opinion
this system is nailing it.

When using this system on the lower charts (1, 5m, 15m in my
opinion it's not nailing it as much).

Using the 1h, 4h, and daily it seems to be very accurate. I've
learned a whole new way of trading! Who would have known...

Hope this helps.

snarlyjack
  • #248
  • Apr 27, 2011 12:56pm Apr 27, 2011 12:56pm
Quoting KumoDragon
That was a question I had. If not stopped out, do we consider the flatenning/hooking only at the start of each 4H candle?

Or just as it forms? For instance if we see flattening or hooking midway between a 4H candle.

I'm thinking the TD is like stochastics (but from short observation not as bad), which can bend and cross, uncross flatten and then reshape before the open/close of the next candle. So, it makes stochastics look really good in hindsight, but when you see what they do real time they become a tricky tool to use.
only at the start - the formation of the new candle.
  • #249
  • Apr 27, 2011 12:59pm Apr 27, 2011 12:59pm
Quoting mfinab
Hi Guys,

Only to let you know about my trades right now with this system:

USD CHF LONG +50 SL at BE +2
NZD USD Short +44 SL at BE +2
USD CAD LONG +32 SL at BE +2
EUR USD Short -2 (just ordered 5 mins ago)

Let's see, I have since yesterday 137 pips in the pocket..

Mfinab,
Good work :-)
  • #250
  • Apr 27, 2011 1:03pm Apr 27, 2011 1:03pm
Stimuls,

I'll try to help answer your question on what I think.

As you know every broker has their own forming of the time bars.
I use IBFX and not FXDD which I think starts their day (bars) at
a different time. So what I do is...

When I see a good trade using the TDI I take the trade and let
her fly. When I come home from work and I'am up $75.00 for
example I'll liquidate the trade. Everyone is different because of
our time limits with our lives. Sometime I'll liquidate the trade on
how much money I'am up. I also want to protect my profits and
not lose them. As in 1 bird in the hand is worth more than two
birds in the bush. So every trade is different depending on how much
money is involved and the look of the TDI.

Hope this helps you.

snarlyjack
  • #251
  • Apr 27, 2011 1:09pm Apr 27, 2011 1:09pm
Quoting mlambole
On the chart below, the 2 entries marked with the green line look valid and are losers. Can anyone confirm that ? Thanks
Your TDI cross looks very different from mine - mine only shows 1 cross for long, and would have profited.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 16 KB
  • #252
  • Apr 27, 2011 1:18pm Apr 27, 2011 1:18pm
I am long on GU as per the rulez
Attached Image (click to enlarge)
Click to Enlarge Name: rrr.gif Size: 20 KB
Trade responsiblypatience is the key/Swing trader
  • #253
  • Apr 27, 2011 1:22pm Apr 27, 2011 1:22pm
Hey Guys and Gals,

One other thing I do that might help someone is...

I only look at the 4 hour chart. When I make my trade decisions
to open a trade or close a trade I only look at the chart I'am trading,
in my case the 4 hour chart.

I've tried very hard to simplify my trading. Clean chart! Just 2
indicators, the TDI and 5 Ema +3 Typical price. 4 hour chart!!!
Nothing else.

Don't over think this! Just trade what you see! Focus on just the
4 hour chart with the 2 indicators. Relax and let everything else go,
it's not needed using this simple system. Oh sorry, average price
bars also.

3 indicators! TDI, ema, average price bars, that it...

Keep it simple, Keep it real...

snarlyjack
  • #254
  • Apr 27, 2011 1:25pm Apr 27, 2011 1:25pm
going to bed...will check my trade tomorrow happy pipin
Trade responsiblypatience is the key/Swing trader
  • #255
  • Apr 27, 2011 1:29pm Apr 27, 2011 1:29pm
Acetrader,

Thank you very much!

I like it...It's simple, easy to remember and very profitable.

Thankyou!

snarlyjack
  • #256
  • Apr 27, 2011 1:30pm Apr 27, 2011 1:30pm
Quoting mfinab
Re-Hi Guys!

As you can see,
1: We always have to check for news before entering in trade.
2: Like Big e said, on New York session, it's not a good idea to trade... as you can see my EUR USD Short as already touch SL with -42 pips.

Mfinab,
You will not take that short trade if u look at my chart right?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 109 KB
Don't Ask ..
  • #257
  • Apr 27, 2011 1:38pm Apr 27, 2011 1:38pm
Good morning everyone... 11:30am here Pacific time. It's great being retired !

Thanks for all the kuddos but they only last as long as the post they are in... and as you all know I'm not looking for any glory... your thanks are enough.

And a big thank you to all members answering questions and helping others.

From reading the last 7 pages... I have some reviewing to do...
  • #258
  • Apr 27, 2011 1:54pm Apr 27, 2011 1:54pm
Eelfranz,

Must be nice to be retired and have the life of riley.
Welcome back and have fun...You know that's whats
it really is all about. Meet some new people and make
some new friends. The people here at Forex Factory for
the most part are great people!

Once again thanks for all your help!

snarlyjack
  • #259
  • Apr 27, 2011 1:59pm Apr 27, 2011 1:59pm
Quoting eelfranz
Good morning everyone... 11:30am here Pacific time. It's great being retired !

Thanks for all the kuddos but they only last as long as the post they are in... and as you all know I'm not looking for any glory... your thanks are enough.

And a big thank you to all members answering questions and helping others.

[font=Comic Sans MS][size=3][color=#0000ff]From...
Thanks so much for the system. Just read thru all the posts and starting to try it out on the H1 charts.
  • #260
  • Apr 27, 2011 2:04pm Apr 27, 2011 2:04pm
Quoting jeffx
Your TDI cross looks very different from mine - mine only shows 1 cross for long, and would have profited.
Jeffx mine looks the same as yours seems to be a problem with mlambole's charts
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