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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #1,721
  • May 7, 2011 6:19pm May 7, 2011 6:19pm
No more adding things to this method. PM me first always. If you can't respect and live with that... unfortunately you'll be banned...

Every trader has learned the forex differently... you find things you like to do or use. That's great but do so without posting it here. We follow the rules only and that brings the members success... thanks...
  • #1,722
  • May 7, 2011 6:25pm May 7, 2011 6:25pm
Finally finished reading all of the thread up to this page. When I started it was about 50 pages.

In the last few days with this method I was losing as usual on my demo account using mostly short TFs and even on the h4 and daily. Still have the habit of looking at various TFs which can get confusing, entering on one TF and managing the trade in another. For a change I'd like to focus on just the h4, trading the London session and h1 for the New York, just like bigE does. Was surprised he lives in Oregon like I do. With his proximity perhaps a bit of his FX wheelbarrow magic would rub off on me. Love his sense of humor and generosity.

I joined the James16 group over a year ago but did not progress much. I kept losing and after a while gave up. When I found this thread something 'clicked'. I hope it's not just wishful thinking once again. I'm encouraged that some of you are making pips. With practice I hope to get a better handle of this 'simple' method.
  • #1,723
  • May 7, 2011 6:26pm May 7, 2011 6:26pm
Quoting eelfranz
Dyekid217... Good analysis buddy...

I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas...

The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry......
Thank you for posting this because all the extra rules really aren't needed. This is one of the easiest methods I have seen here on FF and it's free. I mean who would of ever thought you could enter a trade go back to sleep and wake up with money in the bank. The TDI seems to improve whatever system you are trading with now but please respect the wishes of the Thread starter and stick to the basic. Thank you!
  • #1,724
  • May 7, 2011 6:39pm May 7, 2011 6:39pm
[IMG]file:///D:/Users/BUMBLE%7E1/AppData/Local/Temp/moz-screenshot-9.png[/IMG]Hello, i already run my second transaction using this method. I closed it too early because i'm too afraid of the NFP news impact, and the result is i lost my chance to get more (a lot of) pips on this transaction I trade in TF D1, it's seem right that the more bigger TF, the more they can hold the fundamental news impact.
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  • #1,725
  • May 7, 2011 6:51pm May 7, 2011 6:51pm
for me, adding the extras becomes very confusing. Over the years, I have learned so much, that when I saw eel's method, I saw the brilliance in it's simplicity....this method is designed to be simple, with about 3 criteria, that's it.

I REALLY appreciate eel's methods and find all the add-ons that people do just confusing....

eel, thanks for keeping this so straightforward

I am VERY grateful
  • #1,726
  • May 7, 2011 7:02pm May 7, 2011 7:02pm
Take a look at this long term chart... Green has barely crossed the red line so a trade could be taken... but use common sense... I'd rather see where the green line is going to go on the next candle before entering....
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  • #1,727
  • May 7, 2011 7:08pm May 7, 2011 7:08pm
yes, lets see the next candle
  • #1,728
  • May 7, 2011 7:08pm May 7, 2011 7:08pm
http://www.clipartguide.com/_named_c...part_image.jpg My wheelbarrow is getting full !!
  • #1,729
  • May 7, 2011 7:32pm May 7, 2011 7:32pm
Quoting eelfranz
Dyekid217... Good analysis buddy...
Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
Subscribed, Great system sir. Simple but effective. Trying to add indicators to the system would simply spoil it. In forex K.I.S.S. should be observed at all times.

My advice to newbies trying this or any system for that matter is to open a micro account with $100 and use 2 cents lots (this is same as having a $5000 a/c and using $1 per lot). When you have managed to double the account in approximately a year (that is average of 200 pips profit per week), then you are ready to trade with bigger lots according to your budget. Pay close attention to your exits, they are as important (some say more important) as your entries.

Kind regards
  • #1,730
  • May 7, 2011 7:55pm May 7, 2011 7:55pm
Quoting eelfranz
Jeffx...

Have you read the thread completely? For about the 3rd time... I don't use a SL on the Hour charts and on the 4hr charts I use the last swing/reversal hi or lo...
eelfranz, not sure what you're referring to? I was asking snarlyjack if and what kind of SL he may have had on his 3 trades because it looked like at least 2 of them may have gone into significant drawdown 1st, but wasn't sure.

I know your SL strategy from reading the thread. Thanks
  • #1,731
  • May 7, 2011 9:00pm May 7, 2011 9:00pm
Quoting raymie69
This indi will alert you when TDI and Stochastic in agreement.. Not yet tried it on live market (its Saturday) but so far so good on my chart..
Thats great, but I dont understand why anyone even needs an alert indi. All you have to do it check for a TDI cross at the start of the next candle. It's the same for any timeframe you may trade.
  • #1,732
  • May 7, 2011 9:07pm May 7, 2011 9:07pm
Quoting geo123
My wheelbarrow is getting full !!
Glad for you Geo and all those who've got this figured out to some degree. Hoping the tide big E has started will lift the rest of us still struggling down here. Really do appreciate all their effort to help the little people.
  • #1,733
  • May 7, 2011 9:16pm May 7, 2011 9:16pm
Quoting Star178
I re read some of the pass threads and noted that some of the screenshots at he beginning of this thread are self destruct. This is probably the user is unaware that particular software is a trial version. The charts below shows the effects. Probably don't use those that has a watermark on the chart.

This is not helpful to new readers following this forum and will degrade the quality as well.

I an using MWSnap which is free and available at the site or you can download here.
Great stuff there.. A very useful tool for me.. Thanks a lot..
Don't Ask ..
  • #1,734
  • Edited 9:56pm May 7, 2011 9:24pm | Edited 9:56pm
Quoting eelfranz
Alan....

There are 3 charts on that post ! The first 2 I exited because the TDI went flat and on #3 I exited on the pull back...

Thanks E. Yes there were 3 charts, but only one trade taken on the date I quoted in my post, 02/05.

Suggestion (cant pm as a junior): Try using H4 sup/res as an initial TP value (minus 10 pips). You usually end up taking about the same if not less compared with using a sup/res target (in addition to your exits). This will mean less time in the market, which is always a good thing.

Delete post if you think think this will just add to confusion.
  • #1,735
  • May 7, 2011 9:40pm May 7, 2011 9:40pm
Just to clarify

after looking at the training charts again, I see that if the first candle doesnt cross the tdi then stay out? Following the rules you don't want to get into the trade halfway through the second candle am I right?

you say within the first or second candle.. but since you don't get in halfway and you don't get in on the third. placing a trade after the 2nd closes is against the rules isn't it?
  • #1,736
  • May 7, 2011 9:40pm May 7, 2011 9:40pm
Quoting KumoDragon
Thats great, but I dont understand why anyone even needs an alert indi. All you have to do it check for a TDI cross at the start of the next candle. It's the same for any timeframe you may trade.
I monitor 10 pairs so Alert really help me to make quick decision.. So every hour or 4 hour lets say 3 out of 10 pairs TDI cross alerted so i know which pairs to give priority 1st.. Then slowly working on other pairs for bounce trade if any.. That's just my way of quickly assessing any trading opportunity and might not suited other people.. Peace..
Don't Ask ..
  • #1,737
  • May 7, 2011 10:01pm May 7, 2011 10:01pm
By the way big E, ive noticed you have added rules throughout this forum - things that you have realised that you do when a certain scenario presents itself. Just a suggestion to add these to the initial rules on the first couple of pages. Otherwise this forum becomes just another... 'All you have to do is use these simple rules..... oh and this one.... oh yeah and I do this too ...and just remembered I do that too"

...iykwim
  • #1,738
  • May 7, 2011 10:26pm May 7, 2011 10:26pm
Evening Dyekid...
It may help to visualize the APB's without the 5 MA...that way your not thinking in terms of a candle crossing anything...after all, the 5 MA is just for visual reference to trend...
So, you have an APB color change...the TDI is touching...crossing green over red...the 1st APB closes and the TDI has not completed a full cross yet, but it is touching...as the 2nd APB opens the PA continues with the same color and the TDI begins to cross...take the trade (aggressive) or wait for the bar to almost close and then take the trade (more conservative)...

Notice I did not mention price direction. This applies to short or long.
Also, keep PA in mind. The size of the APB candles in relation to the TDI.
The angle of the TDI...etc
.
I've attached one Eric's charts that I think highlights best the inter-action of the TDI and the 1st and 2nd APB candles.

Hope this helps a bit. There is no perfect entry that is always going to lead to profit. You're just using Big E's method to put the odds in your favor when you place your trade in a very hard to predict market.
Good trades...
Cliff


Quoting Dyekid217
Just to clarify

after looking at the training charts again, I see that if the first candle doesn't cross the tdi then stay out? Following the rules you don't want to get into the trade halfway through the second candle am I right?

you say within the first or second candle.. but since you don't get in halfway and you don't get in on the third. placing a trade after the 2nd closes is against the rules isn't it?
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I get exercise just pushing my luck
  • #1,739
  • May 7, 2011 11:12pm May 7, 2011 11:12pm
Jeff,

Sorry for my mistake...
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  • #1,740
  • Edited May 8, 2011 8:32am May 7, 2011 11:22pm | Edited May 8, 2011 8:32am
Dyekid,

Your Questions:

after looking at the training charts again, I see that if the first candle doesn't cross the tdi then stay out? Yes. Usually when the second candle opens you'll see it on the TDI. If green crosses red and all looks good... enter the trade then.

Following the rules you don't want to get into the trade halfway through the second candle am I right? See above...

you say within the first or second candle.. but since you don't get in halfway and you don't get in on the third. placing a trade after the 2nd closes is against the rules isn't it? Yes - enter on the first two candles... other wise pass...

If it's a good trade 90% of the time you get it on the first two candles. A few candles later you may see a bounce entry...

If you don't find a solid entry on candles 1 or 2... look for another set up.

Look... sometimes you come in and turn the computer on and notice a trade set up on the second candle... if all else looks good enter the trade. My main point is if you can catch it at the beginning of the candle then you have more momentum...
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