Trading Made Simple | Page 65 | 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

  • #1,281
  • May 4, 2011 3:10am May 4, 2011 3:10am
EURJPY is known to spike a average of 35 pips, you would end up stop out on a winning trade, safe bet on the higher time frames is using the last high and then bring it down as you go lower, if you are going to set and let it run and not watch it then you need to give it room to rise and fall.

Quoting 33drifter
To all the HA candle experts out there,

from my understanding HA candles pretty much represent the trend. so intsead of placing SL above/below previous high or low could we place it above/below the change of HA colour.

The idea behind this is that PA has taken out the level that previously established the trend we're looking to capture. this would save us many pips

are there any examples of price breaking the high/low of the first candle that changed colour but not the high/low of the last swing and then conituing in the direction of the...
  • #1,282
  • May 4, 2011 3:13am May 4, 2011 3:13am
Good Morning,

I’m a new member here although I have been trading for close on 4 years. Having read all the posts in this thread can I offer a big thanks to eelfranz for all the work he has put in with this system, it appears to me to be as successful as any I have seen. Thanks again.
  • #1,283
  • May 4, 2011 3:21am May 4, 2011 3:21am
Quoting 33drifter
To all the HA candle experts out there,

from my understanding HA candles pretty much represent the trend. so intsead of placing SL above/below previous high or low could we place it above/below the change of HA colour.

The idea behind this is that PA has taken out the level that previously established the trend we're looking to capture. this would save us many pips

are there any examples of price breaking the high/low of the first candle that changed colour but not the high/low of the last swing and then conituing in the direction of the...
Your using a 1H chart to make a 15 min trade, I would say......Look at the swings of the hi and lows of your objective ( target or S/R at time frame ).. Watch the video on the avg candle.
  • #1,284
  • May 4, 2011 3:27am May 4, 2011 3:27am
Not a perfect set up, but a BIG bounce! Lets see.......
Attached Image (click to enlarge)
Click to Enlarge Name: silver.gif Size: 25 KB
  • #1,285
  • May 4, 2011 3:48am May 4, 2011 3:48am
Quoting geekay
Eelfranz and traders..

Setup looks good on gbpusd h1 and audusd h1.. the stochs also in agreement with TDI (although i did not attach it to the chart when i saved it).

Your comments are highly appreciated..

Many thanks.
Update:
Closed with the following:
gbpusd = +3pips - exited due to flattening of TDI
audusd = +30pips
  • #1,286
  • May 4, 2011 4:14am May 4, 2011 4:14am
opinions please??
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 154 KB
  • #1,287
  • May 4, 2011 4:14am May 4, 2011 4:14am
Just took these trades...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 24 KB
Click to Enlarge Name: ej.gif Size: 26 KB
Click to Enlarge Name: gj.gif Size: 25 KB
  • #1,288
  • May 4, 2011 4:21am May 4, 2011 4:21am
Would appreciate any education by the more accomplished traders here if these trades are not good trades. It is one thing to follow the basic rules, but it is the discretion part that must really be understood I think... Learning the "perfect set-ups" to walk away from!

Thanks.
  • #1,289
  • May 4, 2011 4:26am May 4, 2011 4:26am
Quoting dean
opinions please??
I saw this but passed on it as it was against the higher trend and the last reversal was one candle, but aside from that it looked tempting
  • #1,290
  • May 4, 2011 4:26am May 4, 2011 4:26am
Bought GU
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 44 KB
  • #1,291
  • May 4, 2011 4:27am May 4, 2011 4:27am
Hello to all first post on this tread. Thanks to all. would some one mind to tell me if this is a good entry, Or have I still got a way to go yet. Lets hope the chart loads ok.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 47 KB
  • #1,292
  • May 4, 2011 4:39am May 4, 2011 4:39am
I'm not sure if its really against the higher trend?? Even so...does it matter so much if it is?? and I am not being a smart$%* here, I ask this honestly. Being a 4 hour chart, wouldn't a couple of decent candles bring quite a few pips?? I am certain eelfranz trades against the larger trend provided all his signals are there?? Am I wrong?
  • #1,293
  • May 4, 2011 4:44am May 4, 2011 4:44am
Quoting dean
opinions please??
Looks good to me, imo..
  • #1,294
  • May 4, 2011 4:50am May 4, 2011 4:50am
Looking good.
Attached Image (click to enlarge)
Click to Enlarge Name: tdiscreen.jpg Size: 258 KB
  • #1,295
  • May 4, 2011 5:01am May 4, 2011 5:01am
Quoting dean
I'm not sure if its really against the higher trend?? Even so...does it matter so much if it is?? and I am not being a smart$%* here, I ask this honestly. Being a 4 hour chart, wouldn't a couple of decent candles bring quite a few pips?? I am certain eelfranz trades against the larger trend provided all his signals are there?? Am I wrong?
It looked good but it was against the daily trend. BigE does trade against the daily trend your right, I think he looks left for evidence of recent strong reversals, I saw that the last reversal was a weak one candle. As I said though everything else looked good and tempting (TDI/STOCHS support and resistence, candles all were good).

Just my 2 cents
  • #1,296
  • May 4, 2011 5:02am May 4, 2011 5:02am
Quoting 2scoops
It looks good but it was against the daily trend. BigE does trade against the daily trend your right, I think he looks left for evidence of recent strong reversals, I saw that the last reversal was a weak one candle. As I said though everything else looks good and tempting (TDI/STOCHS support and resistence, candles all good).

Just my 2 cents
Summary: Trade management?
  • #1,297
  • May 4, 2011 5:12am May 4, 2011 5:12am
Is there a way to auto refresh the TDI?
  • #1,298
  • May 4, 2011 5:14am May 4, 2011 5:14am
2scoops, please dont think I was having a go at you. I want and NEED you guys to assess my trades as this is new to me, so very happy for your criticisms and assessments. As someone mentioned earlier, its more important we learn the trades to stay OUT of so keep it up
An issue regarding the TDI which was bought up a few posts back. I have been watching it on the one minute chart for the last few minutes and I cant see the green line change shape until the candle closes. I think it was Komo disagreeing with this, and I could be wrong but I cant see it move. Can anyone confirm 100% that the TDI actually adjusts position during the candle formation, or is it just on the candle close??
Surely we would be able to see it on the one minute chart if it did so??
  • #1,299
  • May 4, 2011 5:15am May 4, 2011 5:15am
Quoting wickedwin
Is there a way to auto refresh the TDI?
What do you mean?
Get money, don't let money get you. @kauaiforex
  • #1,300
  • May 4, 2011 5:20am May 4, 2011 5:20am
Quoting dean
2scoops, please dont think I was having a go at you. I want and NEED you guys to assess my trades as this is new to me, so very happy for your criticisms and assessments. As someone mentioned earlier, its more important we learn the trades to stay OUT of so keep it up
An issue regarding the TDI which was bought up a few posts back. I have been watching it on the one minute chart for the last few minutes and I cant see the green line change shape until the candle closes. I think it was Komo disagreeing with this, and I could be wrong but I cant...
Ah, I see what you're saying. I think you're asking the same question as wickedwin. It doesn't appear that the TDI changes with each tick like the MA and stochastics. Just have to wait for the candle to close.
Get money, don't let money get you. @kauaiforex
69 traders viewing now