Trading Made Simple | Page 63 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #1,241
  • May 3, 2011 7:12pm May 3, 2011 7:12pm
Wickedwin,

Maybe it's a stuffed cat... lol I know a couple that did that to three of their cats and they now stand on their fireplace mantel.... Yikes !
  • #1,242
  • May 3, 2011 7:17pm May 3, 2011 7:17pm
Eelfranz
Issues about your trade last night. Just wondering if you wouldnt mind explaining it a bit more in depth. Reason is, I would never have entered that trade and I am wondering why you did....wondering what I am not picking up
From my perspective this is what I see:
You were trading against the longer trend - daily and weekly in upward trend
The prior 2 retracements were both very weak with small candles.
You entered at the top of the large candle I am assuming, so even the 3 candles prior to the big one are small
And the bounce to me isnt that obvious....most others I have seen the green line seems to get much closer to the red and bounces off...
Just wondering what you saw in that trade? I understand at your level ther is always the chance you have spotted a mediocre probability trade and thought :I might have a go at that"??
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 160 KB
  • #1,243
  • May 3, 2011 8:37pm May 3, 2011 8:37pm
Can't thank you enough, eelfranz, for sharing your knowledge and experience with us. Permit me this opportunity to share the RSI DynZ TDI MTF indicator that I recently came across. It is by mladen, one of the best coders in the business. Being open source, you'll see that he worked from Dean Malone's template and everything is basically the same under the hood (formula-wise). Sorry there's no screenshot (not yet a part of my skill set), but if you download the 30 minute template and five indies you may find it adds a dimension to what you're presently doing.

Yes, a 30 minute template, that's not a typo. I trade the hourly off the 30 minute screen as it accentuates the stair-step quality of the MTF indicators and gives me a better visual of potential alignments. None of these indies repaints but be mindful that a MTF bar or line is not locked-in until the completion of it's respective time cycle.

I hope that you find this of some utility. Thanks again, eelfranz, for all of your contributions to the community.

Steve
Attached File(s)
File Type: mq4 MA MTF All v2_2.mq4   17 KB | 1,518 downloads
File Type: mq4 Synergy_APB.mq4   3 KB | 1,627 downloads
File Type: mq4 Synergy_APB_4TF_Bars.mq4   7 KB | 1,729 downloads
File Type: mq4 Stoch 4TF Bars.mq4   10 KB | 1,499 downloads
File Type: mq4 RSI_DynZ_TDI_MTF.mq4   13 KB | 1,669 downloads
File Type: tpl 30m mtf tdi.tpl   96 KB | 1,462 downloads
  • #1,244
  • May 3, 2011 8:38pm May 3, 2011 8:38pm
Quoting KumoDragon
That is not correct, the TDI DOES move and change angles inbetween candles. If follows the size of the candle. I know this from watching for hours.

If you enter/exit based on angle inbetween candles you are going to get faked out though.
I agreed TDI change with size of candle.. If you are on 4H TF or any other TF just leave your chart like 2-3 hours and re-template your chart and you can see the TDI moving..
Don't Ask ..
  • #1,245
  • May 3, 2011 8:39pm May 3, 2011 8:39pm
Not sure if anyone has mentioned this or not but when I reload the template on the chart the TDI changes, sometimes a fair bit and it can happen only after a short time between reloading it.
Not sure if I should just leave it be or reload before trading that pair.
Anyone had this happen.
Thoughts.
Enter Signature
  • #1,246
  • May 3, 2011 9:08pm May 3, 2011 9:08pm
Quoting Lion99
Not sure if anyone has mentioned this or not but when I reload the template on the chart the TDI changes, sometimes a fair bit and it can happen only after a short time between reloading it.
Not sure if I should just leave it be or reload before trading that pair.
Anyone had this happen.
Thoughts.
I just switch back and forth between time frames and back to 4H to see the current angle.

That is pretty common with these types of indicators that draw lines and such. You can also just hit refresh on your chart I believe.
  • #1,247
  • May 3, 2011 9:26pm May 3, 2011 9:26pm
Thanks Kumo doesnt get rid of any lines etc that way aswell.
Enter Signature
  • #1,248
  • May 3, 2011 9:30pm May 3, 2011 9:30pm
Quoting skifaster
Watched that audusd, great trade on 1 hour
the trade started off well, but then i made a rookie error and fell asleep during the trade.

when i woke up at 4am aussie time on the couch with a sore neck my trade wasnt exactly where i left it... oops
  • #1,249
  • May 3, 2011 9:36pm May 3, 2011 9:36pm
wicked, email sent.
BigE, hope you didnt think i was trying to step on toes with my original post. not my intention.
  • #1,250
  • May 3, 2011 9:36pm May 3, 2011 9:36pm
Quoting eelfranz
ForexCube...

Back off...

Give me a break buddy. I'm not advertising... I was asked a question why I chose FXDD and I gave the answer. There are lots of Introducing Brokers out there... that's what their job is in my humble opinion...
Great response Big E.

I can't understand what is up with people sometimes. You were ask a simple question and gave a simple answer.

Most people who have been around forex for a while realize there are advantages to opening your account with a good IB because the brokers do want the IB to continue to refer clients. If the IB isn't happy he may stop referring people.

Its the ole who you know deal huh?

Keep up the good work buddy!
  • #1,251
  • May 3, 2011 9:40pm May 3, 2011 9:40pm
Quoting eelfranz
FXCube...

Please don't forget to close the door behind you... Bye...
And another one bites the dust!
  • #1,252
  • May 3, 2011 9:46pm May 3, 2011 9:46pm
Quoting wickedwin
Lol, I feel bad for asking why E choose FXDD...
Did not meant for this to happen...

If he worked for FXDD why would he share his strategy on a public board, where everyone, with any broker can join in?



Anyone?
Everything is not a conspiricy thoery for pete's sake. Big E is the man and he is just wanting to help people.

I guess the old saying no good deed goes unpunished may be true.

I don't mean any offense to you wickedwin, just venting a little as I catch up on posts from being away from the thread for 36 hrs.

Happy pippin bro!
  • #1,253
  • May 3, 2011 9:48pm May 3, 2011 9:48pm
Perfect TDI EXAMPLE...

When Stoch's does not confirm the TDI direction... stay out and find another trade... Here... TDI down - Stoch's up
Attached Image (click to enlarge)
Click to Enlarge Name: e-j3.gif Size: 19 KB
  • #1,254
  • May 3, 2011 10:00pm May 3, 2011 10:00pm
Mili...

That's why I always recommend downloading a FXDD MT4 Platform to Demo trade... As I'm teaching you'll see what I'm seeing... and it will make more sense.... building your confidence faster....
  • #1,255
  • Edited 11:36pm May 3, 2011 10:28pm | Edited 11:36pm
Dean (1243 Post)...

This trade was no big deal and very simple. You know I look for a 10PM set ups... take the trade and go to bed on the 4hr charts...

At 10PM I saw this simple bounce trade set up. TDI green was at a 5 o'clock direction so I entered. Checked it again at 2AM my time and went back to sleep. At 6AM the TDI had gone flat... an exit signal. I closed it and that was that. The PA was stopped by the Support on the Left side of PA... Pretty clean cut I thought...
  • #1,256
  • May 3, 2011 10:31pm May 3, 2011 10:31pm
What is the success rates of your system. Do you have any prove? Every trading system can not run perfectly. How about yours?
  • #1,257
  • May 3, 2011 10:38pm May 3, 2011 10:38pm
SMS...

It's ok you posted your deal... However if anyone wants more details or has questions... Do it thru PM and not on the thread please... Thanks... Big E
  • #1,258
  • May 3, 2011 10:44pm May 3, 2011 10:44pm
How about it gang... How about posting good trades as you find them and explain why you would have taken it... You'll learn much faster... or post Bad Trades and why they are bad... this will help you... time frame or pair doesn't matter...
  • #1,259
  • May 3, 2011 10:52pm May 3, 2011 10:52pm
eelfranz, what sort of profit or how many pips do you look for when you trade the hourly charts?? How many candles etc??
  • #1,260
  • May 3, 2011 11:20pm May 3, 2011 11:20pm
Eelfranz and other seniors

sorry if this has already been covered, i know this method can be traded any pair and any timeframe, but do you have a specefic few that you prefer or are you happy to trade anything with a decent spread and good setup?
56 traders viewing now, 1 is registered:
kola.bear020