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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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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

  • #421
  • Apr 28, 2011 5:37am Apr 28, 2011 5:37am
Quoting unimak
Well I put the system to test along with some other indicators i got from this forum and by combining the best of all, I could make life easier for trading .

The most important thing that i found is one needs to patient with a longer time frame and they give fantastic returns compared to the scalping in smaller time frames , In smaller time frame u win some and you lose some thus nullifying the entire thing, and more stress full as well .

The rules that i followed

1 TDI Red Green should be abv 68 and dipping for sell entry and below...
Thank you Boss, It gave me a Buy signal on gbp/usd Mt 5 , n now I am =12 pips. thanks, keep going.
Q. It will always sound signals?
  • #422
  • Edited 5:44am Apr 28, 2011 5:43am | Edited 5:44am
My intention is very much true to keep this system simple but when you trade on higher time frames for a new trader , it will give heart burn when he sees that the trade is moving 10 pips against him, so it gives more assurance and conviction to stick to his trade rather than close it
  • #423
  • Apr 28, 2011 5:48am Apr 28, 2011 5:48am
Quoting unimak
My intention is very much true to keep this system simple but when you trade on higher time frames for a new trader , it will give heart burn when he sees that the trade is moving 10 pips against him, so it gives more assurance and conviction to stick to his trade rather than close it
again it gave a sell signal ob gbp. i made 12 pips on buy. thanjks.
  • #424
  • Apr 28, 2011 5:50am Apr 28, 2011 5:50am
How's everyone doing today trading purely the 5 method?
  • #425
  • Apr 28, 2011 6:00am Apr 28, 2011 6:00am
Quoting 2scoops
How's everyone doing today trading purely the 5 method?
Against my better judgment I entered the short that signalled on the GU 4H, before the 7:30 news.

Currently down 30 pips. I'm thinking H1 may be better suited to US session what with all the news that happens in the middle of it so often.
  • #426
  • Apr 28, 2011 6:01am Apr 28, 2011 6:01am
Quoting dean
Thanks 33 drifter,
The thing that confuses me slightly is that in some of eelfranz' entry example charts, he is happy to trade on what looks like the retracement. I assume this is why it is critical that you wait no longer than 2 candles to enter so if it turns on you, you can get out with at least a small profit since they are 4 hour candles. So what confirms this as a trade?? A large red candle once closed??, ordo you simply believe it will consolidate and continue upwards??
I mean if it retraced even two candles you could still pull quite a few...

Of course dean, the market can move in any direction at any time, and you definitely can make money on the retrace and for all i know, it could be the start of a new bearish trend.

all though from what i can see on the chart there was no cross of the TDI yet, so it was not a confirmed entry. if i was looking to trade at that time i would be putting my money else where.

aside from the rules of this thread i always look at all the information on the chart and try to factor that in to my trade. So for me, seeing so many strong blue candles and and only a few week red ones i would not be inclined to take a short position. That is just my style of trading though and doesnt mean that its not a good signal once the cross is made.

sorry for the confusion
  • #427
  • Apr 28, 2011 6:02am Apr 28, 2011 6:02am
TDI gone flat on GBP....
Trade responsiblypatience is the key/Swing trader
  • #428
  • Apr 28, 2011 6:05am Apr 28, 2011 6:05am
Does anyone know what the record for the most number of traders reading a thread at one time is.

158 is highest ive seen so far - i must be in the right place
  • #429
  • Apr 28, 2011 6:06am Apr 28, 2011 6:06am
Quoting Incrediblle
TDI gone flat on GBP....gone long
Not trying to tell you what to do, but I asked this question as well.

I was told that if you are following the rules you don't judge the angle/cross/hook back of the green TD until the next 4H candle opens.

You well may be doing the right thing, but I did just that yesterday (got out mid candle when it flattended) on a long and got burned.
  • #430
  • Apr 28, 2011 6:07am Apr 28, 2011 6:07am
Quoting 33drifter
Does anyone know what the record for the most number of traders reading a thread at one time is.

158 is highest ive seen so far - i must be in the right place
Flavor of the week or really good method? It's to early to tell for most of us here.
  • #431
  • Apr 28, 2011 6:11am Apr 28, 2011 6:11am
Dean,

I read your post and it interested me and if you don't mind I'd
like to make some suggestions to you.

If I were you I would put the 3 indicators on your charts and
nothing else!
1). TDI
2). 5 EMA +3 shift typical
3). Average price bars

Make your chart look exactly like Eelfranz nothing more.

Secondly I would forget what you think you know about forex
and learn to trade exactly like Eelfranz teaches. Keep it real
simple. Don't over think this or over analyze this.

Use 4 hour charts. Put your 8 charts on your screen, eur/usd etc.
Take your buys and sells off of the TDI indicator and get a feel
for the indicator. Learn to trust it as it is your new best friend!
Don't get confused with 50 different systems or ideas. Forget all
that B.S. like it was a bad dream. And learn to love the TDI.

Hope these suggestions help you.

snarlyjack
  • #432
  • Apr 28, 2011 6:13am Apr 28, 2011 6:13am
Slow day for me pretty much at break even, too many weak candles, Market in holiday mode already.
  • #433
  • Apr 28, 2011 6:16am Apr 28, 2011 6:16am
Quoting 2scoops
Slow day for me pretty much at break even, too many weak candles, Market in holiday mode already.
What holiday? Already past easter. You mean the weekend?
  • #434
  • Apr 28, 2011 6:24am Apr 28, 2011 6:24am
Quoting KumoDragon
What holiday? Already past easter. You mean the weekend?
Four day weekend in uk royal wedding + mayday
  • #435
  • Apr 28, 2011 6:24am Apr 28, 2011 6:24am
snarlyjack,
Firstly, thanks for taking an interest, I appreciate the nurturing to be honest.....my brain is a bit fried from overanalysing and over complicating things....to the point I am probably more confused than when I started so I really do appreciate it.
Well done for getting through the rant and still being interested
I have copied and pasted your post into my calendar for tomorrow when I will completely wipe my charts and start afresh exactly the way you suggested.
Fingers crossed. Thanks again
  • #436
  • Apr 28, 2011 6:42am Apr 28, 2011 6:42am
Quoting dean
snarlyjack,
Firstly, thanks for taking an interest, I appreciate the nurturing to be honest.....my brain is a bit fried from overanalysing and over complicating things....to the point I am probably more confused than when I started so I really do appreciate it.
Well done for getting through the rant and still being interested
I have copied and pasted your post into my calendar for tomorrow when I will completely wipe my charts and start afresh exactly the way you suggested.
Fingers crossed. Thanks again
Nice, good reply. I expected fight I like Snarlyjack's comment, I am bit like you Dean.
  • #437
  • Apr 28, 2011 6:45am Apr 28, 2011 6:45am
Dean,

Snarly is passing along some valuable advice, I too have long suffered from paralysis through (over) analysis trading 5-15 tf. I have been using the TMS method for a few weeks with constant improvement. I am up over 100 pips for the last 3 days. Stick with this simple system and you will be rewarded.

rustynail
  • #438
  • Apr 28, 2011 6:52am Apr 28, 2011 6:52am
Altoronto and rustynail,
Thanks for contibuting and trust me.....I took every piece of snarly's advice and appreciate his time and generosity. One of the main reasons I like this method is that it is almost mechanised so I dont overthink it.....that is when I get into trouble....it can also be tweeked to suit your own trading style but it seems the bulk of it....the profit making side is set in stone so no thought required...perfect.....for me anyway.
Today I made the decision that I simply can not trade small time frames...I am not built for it mentally. I dont like stress and I want to simplify my trading so I am all ears and extremely grateful to you guys.
  • #439
  • Apr 28, 2011 7:26am Apr 28, 2011 7:26am
Took a trade on 1 Hr Gbp/Usd just now.

Reasons TDI Green Cross Red
Stoc Confirming
38.2 Fib Retrace from Yesterday Low
Bullish Hidden Divergence --- Price making higher lows,
Stochastic making lower lows=Trend
Continuation
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd trade 1hr..jpg Size: 128 KB
  • #440
  • Apr 28, 2011 7:35am Apr 28, 2011 7:35am
Quoting thunderwolf
Took a trade on 1 Hr Gbp/Usd just now.

Reasons TDI Green Cross Red
Stoc Confirming
38.2 Fib Retrace from Yesterday Low
Bullish Hidden Divergence --- Price making higher lows,
Stochastic making lower lows=Trend
Continuation
Still hanging on to my 4H short. Looks like it might come back to me, was all the way -57. Now I'm down to -13.
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