Trading Made Simple | Page 76 | 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

  • #1,501
  • May 5, 2011 8:53am May 5, 2011 8:53am
Checkz,

I've seen the green TDI line hit the 68 or 32 and still go another 100 pips... wierd...
  • #1,502
  • May 5, 2011 9:00am May 5, 2011 9:00am
Remember folks that when I make a comment on your chart... my brokers chart might vary a little bit from yours.
  • #1,503
  • May 5, 2011 9:12am May 5, 2011 9:12am
Quoting eelfranz
Remember folks that when I make a comment on your chart... my brokers chart might vary a little bit from yours.
Hi Eelfranz, firstly grat thread and great simple method, could I ask what mt4 platform you use as I would like to have the same set ups ou can see.
  • #1,504
  • May 5, 2011 9:23am May 5, 2011 9:23am
Quoting eelfranz
Checkz (1495),

No indication of a reversal on the TDI or Stoch's at this point... look for a pullback...
How do you identufy reversal with this method
  • #1,505
  • May 5, 2011 10:45am May 5, 2011 10:45am
Schoey: His broker is FXDD. He had answered this question many times. Please read the thread from the beginning and you will see!!!

Adong
  • #1,506
  • May 5, 2011 10:54am May 5, 2011 10:54am
Quoting Adong
Schoey: His broker is FXDD. He had answered this question many times. Please read the thread from the beginning and you will see!!!

Adong

Sorry I am working my way through on page 50 now!
  • #1,507
  • May 5, 2011 11:23am May 5, 2011 11:23am
Before I found this system I traded M-15 EURUSD and GBPUSD with take-profit 30 pips and stop-loss 15-20 pips.

I understand that with this system we usually exit when TDI gives a signal and that stop-loss depends on the candles' Hi-Low. But I prefer to have some standard TP and SL. With this system and H1 I'm thinking TP 50 pips and SL 25 pips. What do you guys think? I would appreciate any opinion.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,508
  • May 5, 2011 11:38am May 5, 2011 11:38am
It's the opening post of the thread :-/ ....

"I'll clear it up for you looking at an FXDD Demo chart so we are looking at the same chart."

Anyway, not much activity in the 1h TF the last few hours.. Only have AUD/NZD open.
  • #1,509
  • May 5, 2011 11:58am May 5, 2011 11:58am
Quoting Favorite
Before I found this system I traded M-15 EURUSD and GBPUSD with take-profit 30 pips and stop-loss 15-20 pips.

I understand that with this system we usually exit when TDI gives a signal and that stop-loss depends on the candles' Hi-Low. But I prefer to have some standard TP and SL. With this system and H1 I'm thinking TP 50 pips and SL 25 pips. What do you guys think? I would appreciate any opinion.
And if anybody who trades H4 has standard SL and TP - I'd appreciate your sharing too.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,510
  • May 5, 2011 12:17pm May 5, 2011 12:17pm
I think I saw that E had said he had a daily target of 50 pips. If you can achieve that daily and compound your bank you will do very well.
  • #1,511
  • May 5, 2011 12:28pm May 5, 2011 12:28pm
Quoting Favorite
And if anybody who trades H4 has standard SL and TP - I'd appreciate your sharing too.
The best thing to do, is rather then have static targets, use supply & demand zones to target your TP.

For instance, when long, I generally like to target 50% of a supply zone, and my stop goes just slightly below the demand zone to keep it out of reach of the greedy market.
  • #1,512
  • May 5, 2011 12:49pm May 5, 2011 12:49pm
Schoey...

I use FXDD for my charts>>>>
  • #1,513
  • May 5, 2011 12:50pm May 5, 2011 12:50pm
Quoting Venice
The best thing to do, is rather then have static targets, use supply & demand zones to target your TP.

For instance, when long, I generally like to target 50% of a supply zone, and my stop goes just slightly below the demand zone to keep it out of reach of the greedy market.
Venice,

thats quite interesting.
but if i may ask,how do you Decide or Know where the Supply or Demand zone is.
Thanks.
It Is Well With My Soul..(Amen)
  • #1,514
  • May 5, 2011 1:35pm May 5, 2011 1:35pm
I hope you all have taken advantage of the trades in the 3 Amigos this morning... I've been in the E/U since 6am and I just closed it a few minutes ago ( Look at the ema & green TDI angle !... bounce trade)... so sweet.... simple system - easy money...
  • #1,515
  • May 5, 2011 1:42pm May 5, 2011 1:42pm
WOW...
Attached Image (click to enlarge)
Click to Enlarge Name: e-u1.gif Size: 23 KB
  • #1,516
  • May 5, 2011 1:45pm May 5, 2011 1:45pm
And this guy slept thru it !
Attached Image (click to enlarge)
Click to Enlarge Name: Dog Tortilla.jpg Size: 27 KB
  • #1,517
  • May 5, 2011 1:48pm May 5, 2011 1:48pm
Purplerain, Venice - thank you guys!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,518
  • Edited 3:00pm May 5, 2011 1:52pm | Edited 3:00pm
Do you remember when I told you E/U runs opposite of U/CHF. You could have traded them both... look at the 1hr charts...
  • #1,519
  • May 5, 2011 1:59pm May 5, 2011 1:59pm
Quoting eelfranz
I hope you all have taken advantage of the trades in the 3 Amigos this morning... I've been in the E/U since 6am and I just closed it a few minutes ago ( Look at the ema & green TDI angle !... bounce trade)... so sweet.... simple system - easy money...
eelfranz, I have a question about "The Three Amigos".

Let's say at the beginning of the hour you see a good AUDUSD signal. But at the same time you can see that EURUSD's green line is going in the same direction and probably in an hour you would get a good EURUSD signal.

What do you do? Take only AUDUSD and don't take EURUSD one hour later? Don't take AUDUSD - wait for EURUSD because it usually brings more pips? If you take both - you probably have to reduce a lot size?

What if all three amigos show good signals? Would you take all three of them? What about the lot size?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,520
  • May 5, 2011 2:05pm May 5, 2011 2:05pm
Quoting eelfranz
Do you remember when I told you E/Uruns oppositr of U/CHF. You could have traded them both... look at the 1hr charts...
What do you think about how long it will cross TDI? I think 2-4 hours .... I live +3 GMT and the ability to now is the time ... 23:00 do not want to miss ... Thank you for your understanding
39 traders viewing now