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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

  • #661
  • Apr 29, 2011 11:53am Apr 29, 2011 11:53am
Behman...

Fabulous on your pip trades. Your Blessed buddy...
  • #662
  • Apr 29, 2011 11:54am Apr 29, 2011 11:54am
Quoting T2Twell
THks, but it looks very hard to identify the bounce trades..anyway will just stick to the simple green cross red ones
Yes it can be tricky to get. Start simple. In the mean time try to observe those bounce setups. A lot of the time they look like short pause where profit takers come in.

Hope that helps you!
Could it be Man is trying to be something without knowing they're complete?
  • #663
  • Apr 29, 2011 11:58am Apr 29, 2011 11:58am
Norman...

Lost trades make the best lessons if we pay attention... No big deal on Demo... more trade set ups coming...
  • #664
  • Apr 29, 2011 12:01pm Apr 29, 2011 12:01pm
Thunderwolf...

Thanks. I try to lighten things up sometimes so we are not so serious all the time... I enjoy humor too... you can do it too... no problem here...
  • #665
  • Apr 29, 2011 12:07pm Apr 29, 2011 12:07pm
33drifter...

Numb3rs just posted a chart (link) showing a bounce trade (thanks)...

You need to see a color change on candle 1 or 2 before taking any trade... with TDI signal... no color change... pass.
  • #666
  • Apr 29, 2011 12:08pm Apr 29, 2011 12:08pm
Omg Four hour waiting for that green line to cross red. I might miss it.
Can't...stayy... awake...!

This is serious stuff!!!
Attached Image (click to enlarge)
Click to Enlarge Name: with_sleep_safe_tape2.jpg Size: 156 KB
Could it be Man is trying to be something without knowing they're complete?
  • #667
  • Apr 29, 2011 12:16pm Apr 29, 2011 12:16pm
Numb3rs...

I've looked like that but I was really sleeping... lol
  • #668
  • Apr 29, 2011 12:22pm Apr 29, 2011 12:22pm
Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average...

With bounce trades the odds are lower for your success... but it still works.

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:...
This is going on the wall.........excellent post!
  • #669
  • Apr 29, 2011 12:28pm Apr 29, 2011 12:28pm
I'm not good on the lower time frames... don't want to sit in front of the monitor... I mentally drift away... then WACK I get my keester kicked... my fault.

Since some of you are good on the 15min... give it a try on Demo... just really be alert . Enter your trade... right click it and select Close the trade. A box will pop up... put it on the left side of your chart... if you need to exit fast... just takes one click...
  • #670
  • Edited 3:11pm Apr 29, 2011 12:49pm | Edited 3:11pm
If any of you know something BASIC about trading the forex... that's helped you... post it for the benefit of others.. We have many newer traders it can help.
  • #671
  • Apr 29, 2011 1:13pm Apr 29, 2011 1:13pm
When you say, "stochs confirm the signal," exactly what are you looking for?

I'm very familiar with stochastics but there a few different ways to use them.

For stochastic confirmation are you looking for a cross on the stochs as well, or just that they are pointed in the right direction, same as the signal? And or if they are in overbought oversold positions?

P.S. my AU trade from this morning finally went postive. Pity I'll have to close it before 3 central when my broker closes for the weekend in order to avoid a weekend gap.
  • #672
  • Apr 29, 2011 1:20pm Apr 29, 2011 1:20pm
Quoting eelfranz
Chilly you little party trader... TDI... hummm... see if I can remember the steps from memory...

Make sure your Broker platform is closed first.

Download the indicator to your Desktop... Right click it and click Copy.

[font=Comic Sans MS][size=3][color=#0000ff]left click the ball on the bottom left of your screen... window pops up......
Hey Eelfranz, and crew This almost worked! Even loaded a hole new MT4 to start fresh and a new acc. to boot...Even shows on my hard drive..
LOL........ I have the a GUN in my mouth!
Attached Image (click to enlarge)
Click to Enlarge Name: tdi test.gif Size: 56 KB
  • #673
  • Apr 29, 2011 1:25pm Apr 29, 2011 1:25pm
Quoting eelfranz
If any of you know something BASIC about trading the forex... that's helped you... post it for the benefit of others.. We have many newer traders it can help.
1.You need to diversify
2. You need a plan
3. You need previous results written down and shown profitable before putting money on stake
4. You need patience
5. You need to be able to walk away when things go bad
6. You can't hope for your best
7. You can't guess tops and bottoms
8. You need money management
9. Don't hold on to a looser
10. You have to check all the news
11. You have to understand the spread and how it affects your positions
12. You need to put alot of hours in to make this work
13. Even if you put the hours in it still might not work
14. If it doesn't work don't give up unless you have no idea why it didn't work
15. your mistakes are there for teaching you a lesson
16. You don't start out with a large account
17. You do start out with small positions
18. Don't demo trade it has no effect on your emotions
19. If you fail in forex try stocks
20. drink water
21. go to the gym and eat healthy
22. trade only money you don't need
23. Be humble
24. Read market wizards
25. read alexander elder trading for a living
26. Don't trust everything you read
27. Only by walking your own way will you be able to make a profit
28. yes you can guinea pig a profitable trader in the start
29. good luck
  • #674
  • Apr 29, 2011 1:28pm Apr 29, 2011 1:28pm
Hi eelfranz,

Thanks again for sharing your method. In your early tread posts, It seems like you take any good TDI cross as long as PA is not consolidating and there is enough room to move towards the S&R's.

In a recent post, you mentioned trends. I was a bit confused since trend determination was never really discussed much before, so I thought it was not really a factor in your trading. I assumed this was more like a momentum play during the London session.

So, how much trend consideration do you make when making trades. Do you ignore TDI crosses which are against the main trend? What is your method for determining trends, looking at higher time frames or just looking at the 4hr trend?

Thanks.
  • #675
  • Apr 29, 2011 1:32pm Apr 29, 2011 1:32pm
Quoting KumoDragon
When you say, "stochs confirm the signal," exactly what are you looking for?

I'm very familiar with stochastics but there a few different ways to use them.

For stochastic confirmation are you looking for a cross on the stochs as well, or just that they are pointed in the right direction, same as the signal? And or if they are in overbought oversold positions?

P.S. my AU trade from this morning finally went postive. Pity I'll have to close it before 3 central when my broker closes for the weekend in order to avoid a weekend gap.
It should be going the same direction as the green line. Buying when it's overbought or selling when it's over sold might also be a concern.
  • #676
  • Edited 1:52pm Apr 29, 2011 1:36pm | Edited 1:52pm
Quoting Chillypiper
Hey Eelfranz, and crew This almost worked! Even loaded a hole new MT4 to start fresh and a new acc. to boot...Even shows on my hard drive..
LOL........ I have the a GUN in my mouth!
I'm have no idea why it wont work so I uploaded some other TDI indis you can try. Also, I added stochastic slope. I wasn't sure if you have it or not.
Attached File(s)
File Type: mq4 Traders_Dynamic_Index.mq4   9 KB | 1,930 downloads
File Type: ex4 Stochastic Slope.ex4   4 KB | 1,712 downloads
File Type: mq4 TDI_TradeAnnouncer.mq4   16 KB | 2,177 downloads
Could it be Man is trying to be something without knowing they're complete?
  • #677
  • Apr 29, 2011 1:39pm Apr 29, 2011 1:39pm
Quoting stimuls
It should be going the same direction as the green line. Buying when it's overbought or selling when it's over sold might also be a concern.
No offence but I wanted an answer from the thread starter to see how he specifically confirms with stochastics.
  • #678
  • Apr 29, 2011 1:40pm Apr 29, 2011 1:40pm
Quoting Numb3rs
I'm have no idea why it wont work so I uploaded some other TDI indis you can try. Also, I added stochastic slope. I wasn't sure if you have it or not.
Sounds good! I'll give them a shot!
Thanks for the extra effort, It's appreciated!

Chilly
  • #679
  • Apr 29, 2011 2:17pm Apr 29, 2011 2:17pm
If any of you know something BASIC about trading the forex... that's helped you... post it for the benefit of others.. We have many newer traders it can help.

first .... thank you for your strategy .... very profitable

now something basic ... simply draw a trendline in w1-d1 ... h4 and enter its strategy in a retracment .... just follow the trend
Attached Image(s) (click to enlarge)
Click to Enlarge Name: w1.gbp-jpy.gif Size: 27 KB
Click to Enlarge Name: d1.gbp-jpy.gif Size: 26 KB
Click to Enlarge Name: h4.gbp-jpy.gif Size: 26 KB
  • #680
  • Apr 29, 2011 2:31pm Apr 29, 2011 2:31pm
Gotta love it...

Cowboy Bank Loan

A Cowboy from Laramie, Wyoming, walked into a bank in New York City
and asked for the loan officer. He told the loan officer that he was
going to Paris for an international rodeo for two weeks and needed to
borrow $5,000 and that he was not a depositor of the bank.

The bank officer told him that the bank would need some form of
security for the loan, so the Cowboy handed over the keys to a new
Ferrari. The car was parked on the street in front of the bank.

The Cowboy produced the title and everything checked out. The loan
officer agreed to hold the car as collateral for the loan and
apologized for having to charge 12% interest. Later, the bank's
president and its officers all enjoyed a good laugh at the Cowboy from
Wyoming for using a $250,000 Ferrari as collateral for a $5,000 loan.
An employee of the bank then drove the Ferrari into the bank's private
underground garage and parked it.

Two weeks later, the Cowboy returned, repaid the $5,000 and the
interest of $23.07. The loan officer said, "Sir, we are very happy to
have had your business, and this transaction has worked out very
nicely, but we are a little puzzled. While you were away, we checked
you out on Dunn & Bradstreet and found that you are a highly
sophisticated investor and multimillionaire with real estate and
financial interests all over the world. Your investments include a
large number of wind turbines around Laramie, Wyoming. What puzzles
us is - why would you bother to borrow $5,000?"

The good 'ole Wyoming boy replied, "Where else in New York City can I
park my car for two weeks for only $23.07 and expect it to be there
when I return?"

Don't mess with Cowboys.
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