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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

  • #1,741
  • May 7, 2011 11:58pm May 7, 2011 11:58pm
alright awsome.. simple enough to understand.

I'll post up some charts this week!
  • #1,742
  • May 8, 2011 12:07am May 8, 2011 12:07am
Quoting eelfranz
Dyekid,

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.
Hello Big E,

Thank you for sharing your system and a Simple and Precise Entry Rules. No point chasing for trades but better wait for profitable trades.
  • #1,743
  • May 8, 2011 12:38am May 8, 2011 12:38am
Quoting d_narrow
http://www.worldtimebuddy.com/?lid=5...8581,2643743,0

use this link to convert to your local time or to wherever time you need it.

really easy and convenient. no more confusion.

Eelfranz uses Pacific Time (equivalent to Los Angeles time on the top)
Thanks for world time conversion. This is very handy to know the time while trading. I need some help from eelfraanz, he is suppose to call me. I am a newbie to Forex and know nothing whatsover. So how do I contact eelfraanz.
cbpais
  • #1,744
  • May 8, 2011 12:45am May 8, 2011 12:45am
Quoting jeffx
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
I am sure a newbie to Forex. Can you please tell me what is SL stand for?
  • #1,745
  • May 8, 2011 12:52am May 8, 2011 12:52am
Hello Big E
In post713, numb 3RS provides a model with HA candles.However, they are sometimes
different from Synergie APB candles.
Can you say what education should we draw?
Best regards
NB: exemple Chart attached
Attached File(s)
File Type: pdf Exemple US-CAD H4.pdf   28 KB | 1,390 downloads
  • #1,746
  • May 8, 2011 1:02am May 8, 2011 1:02am
Just to clarify my previous post: you must look at the current candle
  • #1,747
  • May 8, 2011 1:40am May 8, 2011 1:40am
Rascal,
My checklist was not posted to altar anything. It is...as I said....MY interpretation. To me...I am finding my highest priority is not getting into good trades...its staying out of bad ones and for ME this checklist helps.
It is the forex basics combined with eelfranz method as the crux...green crosses red at the correct angle, stoch angle confirms along with PA and forex basics.
Eelfranz has the experience and knowledge to judge not only high prob. trades but also can make educated estimates on lower percentage trades that often result in positive trades becaus he has the screenime, the study time and practical experience of trading this method. His brain and eyes automatically process all that is written on that checklist so he can assess a trade immediately. I cant yet.....nor can many others, so this helps me and it may others, or it may not.
I, along with many of the newbies here are not in the envious position of having the forex basics embeded in our head as yet and this just helps me become accustomed to it.
I didnt put it up to add to or alter eelfranz' method....its just a checklist that helps ME....as I mentioned in the post...It may help others it may not...use it or dont....your choice. But read the post again....its MY interpretation and something I use to train my brain and eyes. Dont be ignorant.
  • #1,748
  • May 8, 2011 1:58am May 8, 2011 1:58am
Quoting adsanders
Hi 2Scoops... Pretty cool! Thanks for sharing. Do you use the simulator? If you do... can you tell me if once in a trade and either the TP or SL has been reached is the simulator suppose to close the trade? I know there is also a script to use to close a trade. I thought I would ask because it didn't close the trade for me (on the sell_open script) and I was wondering if something might be wrong? Thanks in advance for your reply. Tony

I've tested a few trades using both the sell open and buy open and the TP was hit on both and the trade was closed. I've only just started using the simulator myself so I'm no expert, you might be better off asking on the trade simulator thread I posted earlier.
  • #1,749
  • May 8, 2011 1:58am May 8, 2011 1:58am
Quoting dean
Rascal,
My checklist was not posted to altar anything. It is...as I said....MY interpretation. To me...I am finding my highest priority is not getting into good trades...its staying out of bad ones and for ME this checklist helps.
It is the forex basics combined with eelfranz method as the crux...green crosses red at the correct angle, stoch angle confirms along with PA and forex basics.
Eelfranz has the experience and knowledge to judge not only high prob. trades but also can make educated estimates on lower percentage trades that often result...
Dean, just the fact that you spent the time to help others with this checklist is great, it will help me as a guide as well. thanks again
  • #1,750
  • May 8, 2011 2:01am May 8, 2011 2:01am
You're welcome Davlo, and I wont say any more on this. I dont want to detract from the thread.
  • #1,751
  • May 8, 2011 3:44am May 8, 2011 3:44am
Quoting cbpais
I am sure a newbie to Forex. Can you please tell me what is SL stand for?
SL= Stop Loss

I would strongly recommend going through the free training at babypips.com first before starting on this method (as checking the forex basics is a key part of the strategy)
  • #1,752
  • May 8, 2011 4:05am May 8, 2011 4:05am
From the trade simulator its amazing how often when your in a trade it starts to retrace at the New York open. I'll certainly be following BigE's advice by closing out my 4HR trades at this time and switching to the 1HR charts.
  • #1,753
  • May 8, 2011 5:35am May 8, 2011 5:35am
Hello eelfranz,

You say:
"We enter a trade when green crosses on the TDI, at the beginning of a new candle.
However, unless I am mistaken, the color of a candle can change until it is complete: it can open red and green pass before finishing red for example.
Can you explain?
Thanks
  • #1,754
  • May 8, 2011 6:42am May 8, 2011 6:42am
Quoting Oyapoke
Hello eelfranz,

You say:
"We enter a trade when green crosses on the TDI, at the beginning of a new candle.
However, unless I am mistaken, the color of a candle can change until it is complete: it can open red and green pass before finishing red for example.
Can you explain?
Thanks
Oyapoke - this has been answered by BigE, many many times please read the whole thread thanks.
  • #1,755
  • May 8, 2011 6:57am May 8, 2011 6:57am
That's it we want.
Attached Image (click to enlarge)
Click to Enlarge Name: 11.PNG Size: 28 KB
  • #1,756
  • May 8, 2011 7:06am May 8, 2011 7:06am
Too many people are just stopping in and asking questions without reading the thread! Everyone is welcome, BigE started this thread to help others. But you MUST read the thread from page one! You are wasting BigE's time and the rest that are helping by not taking the time to study the entire thread before asking questions that have been addressed many times. Please be considerate of those that are trying to help you.

If you are new or almost new to forex, you owe it to yourself to go through www.babyypips.com and learn as much as you can before you learn BigE's Trading made Simple method.

This is a very simple method, but too many are trying to complicate it with extra indicators and such. Trade it like BigE has presented it - that is all you need to do to make pips!
Read the entire thread BEFORE you ask questions!
  • #1,757
  • May 8, 2011 7:39am May 8, 2011 7:39am
Can I get an Amen!!!
Nicely said, Brah...

Quoting johnami
Too many people are just stopping in and asking questions without reading the thread! Everyone is welcome, BigE started this thread to help others. But you MUST read the thread from page one! You are wasting BigE's time and the rest that are helping by not taking the time to study the entire thread before asking questions that have been addressed many times. Please be considerate of those that are trying to help you.

If you are new or almost new to forex, you owe it to yourself to go through www.babyypips.com...
I get exercise just pushing my luck
  • #1,758
  • May 8, 2011 8:19am May 8, 2011 8:19am
Alan ,

People who are newer to forex keep asking me about what else as a seasoned trader I look for before taking a trade... example: Basic things we should check no matter the system or method. In order to help them I explained things that pertain to trading the forex. I'm interested in their over all success and try not to be secretive about those things... everyone is at a different level...
  • #1,759
  • May 8, 2011 8:35am May 8, 2011 8:35am
eelfranz
its amazing to use your simple methode on me mate.
iam really havin a great² pips last weeks.

really appreciate for your methode .
  • #1,760
  • May 8, 2011 8:45am May 8, 2011 8:45am
Another Newbie here, I found FX about a year ago opened a demo account did some reading and completed some of the babypips courses, then the broker called and sold me on some of the other features offered so I opened a micro account ($300).

After 2 weeks of demo trading I live traded and made $1600 in the first 2 weeks, the next week I lost all that profit and the following week a little bit more. certainly learned a lesson there.

I have just stumbled across this site and have finally finish reading this thread, and I can see the senior members here genuinely want to help everyone who wants it.

I may not post very much but will be following very keenly

THANKS
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