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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

  • #261
  • Apr 27, 2011 2:04pm Apr 27, 2011 2:04pm
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way...

The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.

HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...
  • #262
  • Apr 27, 2011 2:19pm Apr 27, 2011 2:19pm
Quoting KumoDragon
TD turned down so out at -23 pips.

Back in EU & AU SHORT as I see signals on both.

News is probly gonna be a big fake and I'll probly wish I just had hung on to the GU, but testing this method as prescribed.

Yep, faked out by the news should have held on to my GU trade. Stopped out of both EU and AU shorts now.

Three trades -184 for the day:
-23 GU, Long. didn't wait for next candles openting, got out because TD changed mid candle. (didn't know better yet) Should have stayed in.

-89 EU, Short.
-72 AU, short. Really shouldn't have taken either was to close to US news.

Not a big deal just 1 cent a pip, while I give this method a try. I'll wait till the next 4 H candn't and see if there is another set up.
  • #263
  • Apr 27, 2011 2:24pm Apr 27, 2011 2:24pm
Quoting eelfranz
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way...

The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.

[font=Comic Sans MS][size=3][color=#0000ff]HA Candles are important because it makes your trading way less stressful... use...

Nice words, great system, subscribed
  • #264
  • Apr 27, 2011 2:36pm Apr 27, 2011 2:36pm
My first trade was long on E/U using the h1 chart. Entered just after news at 1:00 EST (NY).

Bagged easy 73 pips never was in drawdown!
Attached Image (click to enlarge)
Click to Enlarge Name: eu long 4-27 +73 pips.gif Size: 21 KB
  • #265
  • Apr 27, 2011 2:37pm Apr 27, 2011 2:37pm
Quoting KumoDragon
-23 GU, Long. didn't wait for next candles openting, got out because TD changed mid candle. (didn't know better yet) Should have stayed in.
Kumo, curious, where did you take the GU trade and where did TDI change mid candle? I posted (#251) GU chart and the GU long looked good and did not cross back. Did your TDI look like that?
  • #266
  • Apr 27, 2011 2:46pm Apr 27, 2011 2:46pm
If people are getting losing trades - please try to post your charts so we can help you, mark you entries and exits if possible.
  • #267
  • Apr 27, 2011 2:49pm Apr 27, 2011 2:49pm
Eelfranz,
Last night, I tried your system for the first time and it made 297 pips in eight different pair...I guess it works!!! I am also on the west coast, and want to thank you for sharing your system....
Bless you and your family!!!

Tony Costa
  • #268
  • Apr 27, 2011 2:58pm Apr 27, 2011 2:58pm
Quoting winalot
My first trade was long on E/U using the h1 chart. Entered just after news at 1:00 EST (NY).

Bagged easy 73 pips never was in drawdown!
Hey Winalot,

Way to go, excellent trade ! You nailed that one down for sure.
  • #269
  • Apr 27, 2011 3:01pm Apr 27, 2011 3:01pm
Quoting jeffx
Kumo, curious, where did you take the GU trade and where did TDI change mid candle? I posted (#251) GU chart and the GU long looked good and did not cross back. Did your TDI look like that?
It didn't cross but it was hooking back. I just got faked out.

If I would have just followed the rules I'd still be in the trade (and +80 pips)...... Over thinking it.
  • #270
  • Apr 27, 2011 3:11pm Apr 27, 2011 3:11pm
TDI...

Ask me specific questions with chart examples... mark your chart up.
Don't be vague... get specific... I don't have the ability to know what your thinking.

The 32,50 & 68 lines are original. When you get to 68 start looking for a reversal sign on the TDI... However it could still be 50-100 pips away ocasionally... just pay attention to the green line for a possible exit signal... the 32 line is the opposite.

When I check my charts... I look to the TDI... then PA. If I'm not feeling strong about a current in progress trade... get out then and keep the pips... you don't have to wait for the next candle to exit. Grab your money and run to a new trade...

A lot of the problems are people trading 5min-1hr charts... your setting yourself up for failure in most cases...

I use to trade the first 2 hours of the NY Session on the 15min charts. Since I no longer trade 15min charts I shut down at 6am my time (9am NY). At about 8am my time (pacific) the market starts to range normally... it's self destruct to trade ranging markets.. If I did trade the first couple of hours I'd scalp it on a 4hr chart if I get a set up...

If the TDI straight green line tweeks it's angle... pay close attention... check everything... it's warning you something has changed or is about to...
  • #271
  • Apr 27, 2011 3:14pm Apr 27, 2011 3:14pm
Silver, H4, 2011 April 27
Silver, H1, 2011 April 27
Silver, M15, 2011 April 27

Trading the Silver could be one of these favored things, whereas Silver seems actual more uncontrollable influenced by some of these big capital investors.

The events of the past few days it seems that after 18:00 (GMT +1) the price movement had been more influenced by the big capital institutions.

Trade H1/H4 (I take some M15 too) with this excellent trading strategy by eelfranz.

Great System!

Congratulation!

I wish all of you success & happiness!

Fxcube
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Silver, H4, 2011 April 27.jpg Size: 346 KB
Click to Enlarge Name: Silver, H1, 2011 April 27.jpg Size: 359 KB
Click to Enlarge Name: Silver, M15, 2011 April 27.jpg Size: 336 KB
  • #272
  • Apr 27, 2011 3:21pm Apr 27, 2011 3:21pm
Congrats to all of you knocking down pips... This system is simple and works. If you can't make pips with it consider taking up playing cards or something else... Honestly... trading isn't for everyone...
  • #273
  • Apr 27, 2011 3:29pm Apr 27, 2011 3:29pm
When I check my charts... I look to the TDI... then PA. If I'm not feeling strong about a current in progress trade... get out then and keep the pips... you don't have to wait for the next candle to exit. Grab your money and run to a new trade...

Is this only when your trading the lower time frames (1HR)?

I thought you usually don't monitor your 4HR trades mid trade as there during the night?
  • #274
  • Apr 27, 2011 3:36pm Apr 27, 2011 3:36pm
TDI Tweeks... It doesn't mean you have to exit the trade... it's a heads up so pay attention...

Attached Image (click to enlarge)
Click to Enlarge Name: e-u.gif Size: 23 KB
  • #275
  • Apr 27, 2011 3:41pm Apr 27, 2011 3:41pm
Quoting thunderwolf
Hey Winalot,

Way to go, excellent trade ! You nailed that one down for sure.
Thanks thunderwolf, this method actually works well to trade after news moves the market. I think eelfranz said he trades the H1 at news times.

Happy pippin bro!
  • #276
  • Edited 4:05pm Apr 27, 2011 3:46pm | Edited 4:05pm
2scoops...

When I see a tweek... I look for:

1. Are the candles getting smaller
2. Are the wicks starting to pull back more
3. Are we getting close to a supp/res level.
4. Is my green TDI line getting close to previous highs or lows on my TDI.

Those kind of things... being observant...

Come on scoops old buddy.. I check on any time frame I'm trading... and at night when nature calls I pop on the puter and take a quick look... Scoops thanks for asking the question...
  • #277
  • Apr 27, 2011 4:01pm Apr 27, 2011 4:01pm
Come on scoops old buddy.. I check on any time frame I'm trading... and at night when nature calls I pop on the puter and take a quick look...[/quote]

I have that problem at work its too tempting to remote to my PC at home and keep checking the trade, i'll get fired at this rate.
  • #278
  • Apr 27, 2011 4:04pm Apr 27, 2011 4:04pm
Quoting 2scoops
Come on scoops old buddy.. I check on any time frame I'm trading... and at night when nature calls I pop on the puter and take a quick look...
I have that problem at work its too tempting to remote to my PC at home and keep checking the trade, i'll get the sack at this rate.[/quote]

LOL, sounds like me. I've been having a hard time focusing on work lately. I really am not ready to only trade as my sole source of income just yet... it feels too... I don't know... non-contributing.
  • #279
  • Apr 27, 2011 4:16pm Apr 27, 2011 4:16pm
Just think of how wealthy you'll become, then you'll be contributing :-)
  • #280
  • Apr 27, 2011 4:30pm Apr 27, 2011 4:30pm
For you newer folks... Trading the London Session is the best in my opiniion... lots of movement. Unfortunately it starts late at night in the United States.

That's a major reason you want to learn trading the 4 hour or Daily charts using this method. If your serious you'll use an alarm at the next 4hr candle that appears. It will only take 10 min. to check for trades you need to close or open. At first I thought "what a pain in the keester" however it turned out to be no big deal and the pips piled in ! I thought... what a fabulous discovery...

Look at your London Session old trades and check out the TDI trade signals on your 4hr and Daily charts... your jaws will drop open when you realize what a gold mine is during that time.

Practice Demo trades to build confidence in the method... it's money in the bank...
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