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Trading Made Simple the right way, and other trading lessons 324 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

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...
Hi Big E,

I sure wish I would have been awake to take these trades. I had a buy order on the GBP/USD when I went to sleep this morning and it closed in a 40 pip loss. http://www.forexfactory.com/images/icons/icon9.gif I need to learn to check the upcoming news!

Great thread E. I appreciate all you are doing to help everyone!

Tony
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...
Hi eelfranz, thanks for your time and your patience here !
I just want to be sure about the trend of the EURUSD trade you had this morning, if i checked the daily time frame the trend was clearly up, and other time frame like 1 hour was up too !

But on the 1 hour there was a lower high just before you lauch your trade, so does that mean you only check about high and low on the 1 hour as trend direction before launch a trade ?

You had probably answering this kind of question already, so maybe you can just point me through the post you had already did !

Thanks you eelfranz !
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Respect and Honor !
Hello Big E,

I just wanted to hear your feedback regarding trading during very volatile times like for U.S. Non Farm Payroll. I know that you swear by the H4 and even mentioned using the H1 during news, but would you ever suggest using the smaller timeframes if a trader simply wanted 30-50 pips out a big move?

Thanks again for sharing!
Quoting eelfranz
WOW...
Entry without TDI crossing?

I entered the amigo's too btw, but sold @ +1k profit.
Quoting Klaxon
Hi eelfranz, thanks for your time and your patience here !
I just want to be sure about the trend of the EURUSD trade you had this morning, if i checked the daily time frame the trend was clearly up, and other time frame like 1 hour was up too !

But on the 1 hour there was a lower high just before you lauch your trade, so does that mean you only check about high and low on the 1 hour as trend direction before launch a trade ?

You had probably answering this kind of question already, so maybe you can just point me through the post...
I missed this trade but your right if you took a quick glance at the daily you would say clear uptrend and perhaps pass on the trade. But if you look more closely on the daily chart the uptrend had started to flatten, and show signs reversing. Also zooming out you could see it had hit an area of resistance. Also if you looked left on the daily the last reversal had been fairly strong. So well worth trading.
Favorite...

Depends on your money management beliefs and what you have in your account.... Personally if I get a good signal on two or three... I trade them all... 1 full lot each... If I'm not feeling well I'd probably only trade one... just my style...
Waiting for that EURUSD 1hr. TDI to cross for a long . That daily trend line at 1.4510 area looks to be good support.
Dimsss...

3-4 hours probably if all else looks good...
Quoting eelfranz
WOW...
In respect to your "WOW....."

I've been very busy these last 3 days for office's works and trade like SnarlyJack. Just see the TDI heading, set, close the platform, doing what my Boss ordered, and the result always come to "WOAAAA...."

Guess that TDI and the trend have been married these last 3 days

BTW..thanks Eelfranz for the strategy
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Klaxon,

When it hits 6am my time I switch to 1hr charts.

I trade any good set up I find if I feel good that day... Everything has to line up to a T. Basics have to be met. I've been known to stretch my neck on occasions...
Dp9,

I don't trade during news on purpose... I trade after it starts smoothing out after the news... NFP is hell on wheels... you got to have brass to trade it...
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Quoting eelfranz
Favorite...

Depends on your money management beliefs and what you have in your account.... Personally if I get a good signal on two or three... I trade them all... 1 full lot each... If I'm not feeling well I'd probably only trade one... just my style...
Thank you, eelfranz!
Gentlemen always play by the rules. If they can't, they change the rules.
Wickedwin,

It was a bounce trade... not a cross..... see the chart... Congrats on you pips...
Quoting eelfranz
Dimsss...

3-4 hours probably if all else looks good...
many thanks for comments ...
today I'm in a hurry to open the warrant as a result of -150 pips ... it's greed ... should be more cautious ... will be corrected
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...
Congrats Big E was that on the hourly?
Dimsss... Sorry to hear that...
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Quoting eelfranz
WOW...
Sorry i should have changed the page
Quoting eelfranz
Dimsss... Sorry to hear that...
a stop loss should be put in TDI? have any recommendations?
Quoting eelfranz
WOW...
I entered at 5AM and got out with you. Only difference is I use the 15M chart.
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