alright awsome.. simple enough to understand.
I'll post up some charts this week!
I'll post up some charts this week!
Trading Made Simple the right way, and other trading lessons 332 replies
Monitor for 'Trading Made Simple' system 563 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
DislikedDyekid,
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.Ignored
Dislikedhttp://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)Ignored
Dislikedeelfranz, 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. ThanksIgnored
DislikedHi 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. TonyIgnored
DislikedRascal,
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...Ignored
DislikedI am sure a newbie to Forex. Can you please tell me what is SL stand for?Ignored
DislikedHello 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?
ThanksIgnored
DislikedToo 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...Ignored