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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

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Trading Made Simple

  • #1,761
  • May 8, 2011 8:54am May 8, 2011 8:54am
Quoting eelfranz
Alan ,

[font=Comic Sans MS][size=3][color=#0000ff]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...
Sorry for that post (1738) Big E. I deleted it after posting when I realised it wasn't all that relevant in this flowing forum (i guess the post wasnt properly removed by the moderators).

It has just been a frustration of mine in the past with system purchases but doesn't apply here
  • #1,762
  • May 8, 2011 9:02am May 8, 2011 9:02am
Geo...

Love the wheelbarrow full of pips... you must be doing something right !
  • #1,763
  • May 8, 2011 9:04am May 8, 2011 9:04am
What are we all about ?
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  • #1,764
  • May 8, 2011 9:36am May 8, 2011 9:36am
Hell Yeah!!
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  • #1,765
  • May 8, 2011 9:51am May 8, 2011 9:51am
2scoops... Here kitty, kitty... come to papa....
  • #1,766
  • May 8, 2011 9:52am May 8, 2011 9:52am
johnami,

I totally agree.

There's a few who aren't prepared to do the work. (Dean and Davlo spring to mind).

Let's be patient and let the forex toddlers learn the hard way.

Regards,
Rascal
  • #1,767
  • May 8, 2011 9:56am May 8, 2011 9:56am
To all your beautiful wives... Happy Mothers Day... Do something special for your Sweetheart today... they more than deserve it... after all they put up with you and your trading schemes all year long...
  • #1,768
  • May 8, 2011 10:10am May 8, 2011 10:10am
Quoting eelfranz
Dimsss,

When I'm trading a 1HR chart... when I enter a trade... I click on it and select "close the trade"... a box pops up and I put it on the left side of my screen not using a normal S/L...If my trade goes against me 12-15 pips I click to exit... and watch for a possible re-entry when PA goes back in my direction...

[font=Comic Sans MS][size=3][color=#0000ff]When I trade at 10PM at night on my NEW 4hr candle... I...
about the re-entry after hitting the 12-15pips S/L:

1. so, if PA goes back in your initial direction, do you re-enter at the SAME price as initial/original price that you've entered before?

2. then you'll do the same (exit trade) if the trade goes 12-15pips against you and re-enter if it goes back to the initial direction, as long as the price is still within 1st or 2nd bar OR just passed due to the choppy move?

tks!
  • #1,769
  • May 8, 2011 10:23am May 8, 2011 10:23am
eelfranz, if you already answered this question - I apologize. But the thread is huge and I couldn't find it.

My question is: how do you trade your system Sunday evening, after the weekend's gap? Is gap trading for you different than usual trading? Does the gap change the TDI's behaviour?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,770
  • May 8, 2011 10:24am May 8, 2011 10:24am
eelfranz, you got that right!
  • #1,771
  • May 8, 2011 11:05am May 8, 2011 11:05am
OK, OK.... let the dust settle or they may take away our sticks for roasting marshmallows.... and the wheels on our wheelbarrows... ...
  • #1,772
  • May 8, 2011 11:18am May 8, 2011 11:18am
d narrow....

Your question:

about the re-entry after hitting the 12-15pips S/L:

1. so, if PA goes back in your initial direction, do you re-enter at the SAME price as initial/original price that you've entered before?
NO... If it draws back on me that much then I screwed up and didn't do my analysis incorrectly... missed something... at this point I'm usually past candle 2. If I re-enter it will probably be on a bounce trade...


2. then you'll do the same (exit trade) if the trade goes 12-15pips against you and re-enter if it goes back to the initial direction, as long as the price is still within 1st or 2nd bar OR just passed due to the choppy move? NO... see above...
  • #1,773
  • May 8, 2011 11:21am May 8, 2011 11:21am
Favorite...

I never trade on Sundays... market is unstable to me...
  • #1,774
  • May 8, 2011 11:35am May 8, 2011 11:35am
Oyapoke...

Is on my Ignore List...
  • #1,775
  • May 8, 2011 12:29pm May 8, 2011 12:29pm
Quoting eelfranz
Favorite...

I never trade on Sundays... market is unstable to me...
eelfranz, thank you very much!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,776
  • May 8, 2011 1:22pm May 8, 2011 1:22pm
Wow, what a great thread! I found it two days ago and I'm devouring it.

It's pretty simple so I think I figured it out pretty quickly. So I'm demo trading EU H4 in the simulator. This is my first time using the sim on this method. I had a hard time hitting the entries because you have to enter at the beginning of the candle, and it's a little hard to control the speed to stop it right on the start of the candle, so I have a lot of late entries.

I decided to trade the whole month of April in this session. Up until April 18 I had 14 trades and drawdown from 10K to 7.5K. Allowing for the bad entries and exits (same problem with exits in sim: races past exit point) I think I would have been around BE at that point.

Then I entered this last trade on 4/18 and it went about 255 pips! That put me about 25% up on the month.

Remember this is my very first sim on the system. Even with all those bad trades, that one trend, which the system caught perfectly, paid for all my losses. Can't wait until I get a little better at it!

Chart up until close of this trade is posted below. Don't bother analyzing it cuz it's full of mistakes, I know it Just wanted to illustrate that it looks like this system is very forgiving of mistakes. I hope I finish out the sim in profit, we'll see.

Thanks to eelfranz and all you guys who are posting and teaching us noobs. You are truly changing lives!
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Luck occurs when preparation meets with opportunity.
  • #1,777
  • Edited 6:34pm May 8, 2011 1:51pm | Edited 6:34pm
AlienFrog,

My friends only response was... ribbit, ribbit... Actually this is a new frog type just discovered recently...
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  • #1,778
  • May 8, 2011 1:55pm May 8, 2011 1:55pm
AF...
You bring up a great point on using a Sim to practice trades with...
And per your request won't bother to critique the trades placed because the Sim is not taking the order accurately...
I have found the best way to practice or test a method is to bring up the chart and just scroll one frame at a time...
Tap F12 for forward and shift F12 for backward...
It allows time for analysis and gives a much more accurate placement of the trade to review, as your able to write down the entry/exit as well as mark it on the screen...
Thanks for the post...
Good trades...
Cliff

Quoting AlienFrog
Wow, what a great thread! I found it two days ago and I'm devouring it.

It's pretty simple so I think I figured it out pretty quickly. So I'm demo trading EU H4 in the simulator. This is my first time using the sim on this method. I had a hard time hitting the entries because you have to enter at the beginning of the candle, and it's a little hard to control the speed to stop it right on the start of the candle, so I have a lot of late entries.

I decided to trade the whole month of April in this session. Up until April 18 I had 14 trades and...
I get exercise just pushing my luck
  • #1,779
  • May 8, 2011 4:03pm May 8, 2011 4:03pm
Thanks eelfranz for a wonderful system.

May I request any Technical coder available in the Forum to create an alert/arrow to appear on the chart based on the rules, on the new candle, immediately after the previous candle closes, satifying the conditions.

Thanks.
  • #1,780
  • May 8, 2011 4:13pm May 8, 2011 4:13pm
Quoting fx4gain
Thanks eelfranz for a wonderful system.

May I request any Technical coder available in the Forum to create an alert/arrow to appear on the chart based on the rules, on the new candle, immediately after the previous candle closes, satifying the conditions.

Thanks.
http://www.forexfactory.com/showpost.php?p=4550441

Here are some Indicators Eelfranz posted from the other Thread he suggested we read. May be one of these will be what you are looking for. They have a couple alerts, and one with arrows.
Take Care
Always Learning
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