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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #821
  • May 1, 2011 5:46pm May 1, 2011 5:46pm
Quoting wickedwin
12-2 & 6-4 rule?
12-2 & 4-6 rule is like you see that TDI pointing like a clock. Imagine a clock pointing on 12,1,or 2 if you want to Buy. Or imagine a clock pointing on 4,5,6 if you want to sell. Don't imagine something else

BTW.... I saw on previous post you want to simulate the market.
See this thread : http://www.forexfactory.com/showthread.php?t=70742
  • #822
  • Edited 5:47pm May 1, 2011 5:46pm | Edited 5:47pm
Quoting hinnavaru
Is anyone looking at GBPJPY?
on my chart GJ TDI cross is about as flat as can be - 3:00 position - and it's flat on the 3rd up HA candle. seems not a very strong signal, currently
  • #823
  • May 1, 2011 6:03pm May 1, 2011 6:03pm
Quoting Numb3rs
It looks like some are having problem opening this so I Copied it to a txt file.

Hope that makes it so everyone can read it.

So now its in .txt and .doc

Edit: updated version
The text file opens, thanks Numb3rs!
  • #824
  • May 1, 2011 6:05pm May 1, 2011 6:05pm
Quoting Bom-Bom
12-2 & 4-6 rule is like you see that TDI pointing like a clock. Imagine a clock pointing on 12,1,or 2 if you want to Buy. Or imagine a clock pointing on 4,5,6 if you want to sell. Don't imagine something else

BTW.... I saw on previous post you want to simulate the market.
See this thread : http://www.forexfactory.com/showthread.php?t=70742
Thnx bro :-)

Just traded (first time) with this strat (@ 1h):

Sell:

eur/usd
gbp/usd
aud/usd

Buy:

usd/jpy
usd/chf
  • #825
  • May 1, 2011 6:08pm May 1, 2011 6:08pm
Quoting jeffx
The text file opens, thanks Numb3rs!
Actually I updated it some more here.

http://www.forexfactory.com/showthread.php?t=292285
Could it be Man is trying to be something without knowing they're complete?
  • #826
  • May 1, 2011 6:09pm May 1, 2011 6:09pm
Aud/Usd 4hr maybe setting up a sell signal.
  • #827
  • May 1, 2011 6:13pm May 1, 2011 6:13pm
Adong....

What time frame?
  • #828
  • May 1, 2011 6:46pm May 1, 2011 6:46pm
TO Eelfranz:

Would it be possible to show all of the entries you take this week - the first week of May? Win or lose. I am not asking for chart examples (unless you have to to post them), but just a quick note in the blog of all trades you take. If you wanted, a simple list at the end of this week would be great. Since I use FXDD, I would want to compare. Don't bother with "real time posts" - I am not looking for entry signals. I just want to see your "trade log" if possible so I can compare my entries to yours.

I will try to post my entries this week as well.

Thanks!
Without vision, the people will perish.
  • #829
  • May 1, 2011 7:17pm May 1, 2011 7:17pm
Hi Eel,

Just thought I would ask is this your wheelbarrow?
Attached Image
Money grows on the tree of persistence
  • #830
  • May 1, 2011 7:53pm May 1, 2011 7:53pm
Quoting Checkz
Aud/Usd 4hr maybe setting up a sell signal.
I wouldn't take that one myself. Long angle on TD is weak. TD is already at 68 * stock kinda flat. Also, it's not a great time, evening on sunday night before the open.
  • #831
  • May 1, 2011 8:38pm May 1, 2011 8:38pm
Quoting Checkz
Aud/Usd 4hr maybe setting up a sell signal.
Checkz
I am trying to learn this system so please do not take offense to my question; what indication do you see that would create a "sell" opportunity? If anything, I would think a 'buy" trade would be appropriate, but doubt that I would do even this. Why would you think a "sell" may be setting up?
Thank you,
66trader66
  • #832
  • May 1, 2011 8:46pm May 1, 2011 8:46pm
Quoting Checkz
Aud/Usd 4hr maybe setting up a sell signal.
Also the APB (HA Bars) are still Green with no indication of a break of the 5ema. Can you post the chart you are looking at? Even with TDI over extended into the 68+ area you still would want some additional confirmation of a turn the break of the 5ema will put the odds in your favor.

I would say no trade for now. Keep looking.
  • #833
  • May 1, 2011 8:54pm May 1, 2011 8:54pm
Yeah i thought the TDI was going to cross but it didn't thats why i said it maybe giving a sell signal. I didn't enter the trade because there was no sell signal
  • #834
  • May 1, 2011 9:16pm May 1, 2011 9:16pm
Quoting Checkz
Yeah i thought the TDI was going to cross but it didn't thats why i said it maybe giving a sell signal. I didn't enter the trade because there was no sell signal
The beauty of this techinique is you don't have to try and anticipate, it either is or it isn't, try not to leave the cross to a judgement call. let it happen, then work with the next candle. so many times I tried to anticipate a signal on a technique and ended up getting burned. just let it happen if the setup is real it will pay you well, if it's not don't try to force it. Just let it happen, leave ego's and emotions at the door. When you look back at all the trade possibilities you'll come back to "if only I'd waited for the true setup signal" I've been there many times, so now whether it be this technique or another I just wait for it to come to me to my rules as I have laid the plan out.
  • #835
  • May 1, 2011 9:26pm May 1, 2011 9:26pm
Eelfranz....how often, if ever do you trade the 1 hour charts....or how often do you trade anything other than the 4 hour chart?? A lot of people here seem to be trading the one hour with success but my confidence is at an all time low and I really only want to trade the most consistent and safest chart which I am assuming is the 4 hour. Just wondering how often you trade other time frames?
  • #836
  • May 1, 2011 9:28pm May 1, 2011 9:28pm
Big E sorry ! they were 4hr tf.
  • #837
  • May 1, 2011 10:03pm May 1, 2011 10:03pm
It is reported that Usama Bin Laden is dead-having been killed by the US about a week ago. Will this help the dollar gain strength?
  • #838
  • May 1, 2011 10:10pm May 1, 2011 10:10pm
Chillipipper: Thanks for comment. I checked 4 hr later, cadjpy stopped out with a small gain, two other manually closed at a loss.

Adong
  • #839
  • May 1, 2011 10:14pm May 1, 2011 10:14pm
Quoting go4pips
It is reported that Usama Bin Laden is dead-having been killed by the US about a week ago. Will this help the dollar gain strength?
Umm interesting the timing of this. Yes it should be $ positive for a short time.

STOP THE PRESSES! Now that would help the $.
Could it be Man is trying to be something without knowing they're complete?
  • #840
  • May 1, 2011 10:37pm May 1, 2011 10:37pm
So looking across a few of the charts I can now see quite a few potential setups usd/cad, nzd/usd, eur/aud....all on the 4 hour charts
My question is, in light of the current news in regards to Bin Laden being killed, is it best to ignore these trades because they are possibly generated by the news item or are they still valid and tradeable??
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