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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #1,801
  • May 8, 2011 7:33pm May 8, 2011 7:33pm
Quoting eelfranz
AlienFrog,

My friends only response was... ribbit, ribbit... Actually this is a new frog type just discovered recently...
That's a cool-looking frog!
Luck occurs when preparation meets with opportunity.
  • #1,802
  • May 8, 2011 7:38pm May 8, 2011 7:38pm
Quoting cce
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...
Cliff, thanks for the tip. That makes sense, I'll try it.
Luck occurs when preparation meets with opportunity.
  • #1,803
  • May 8, 2011 7:44pm May 8, 2011 7:44pm
Quoting rascal
AlienFrog,

I found your post very refreshing.

Yes the system is simple hence the name "Trading Made Simple".

Congrats on doing the work and reading through the entire thread before asking 100 questions that have been already answered.

You've set a great example and a high standard for all newcomers.

Regards,
Rascal
Thanks, Rascal. I've just been embarrassed too many times by showing up in class with my homework incomplete! But really, this is SUCH an easy system it wasn't a big effort to understand it. Now I can't wait to try it on my mini-micro $100 account.
Luck occurs when preparation meets with opportunity.
  • #1,804
  • May 8, 2011 7:51pm May 8, 2011 7:51pm
Heres two trades off the 1 hour. EURUSD and GBPCHF
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  • #1,805
  • May 8, 2011 8:04pm May 8, 2011 8:04pm
Rascal.
  • #1,806
  • May 8, 2011 8:05pm May 8, 2011 8:05pm
Quoting Dyekid217
Heres two trades off the 1 hour. EURUSD and GBPCHF
DyeKid, thanks for posting your chart. I'm watching this trade. The new candle just opened. The green lines in both charts just went flat. That means exit, right?
Luck occurs when preparation meets with opportunity.
  • #1,807
  • Edited 8:23pm May 8, 2011 8:11pm | Edited 8:23pm
Guys, this looks like a good setup, am I right? Anyone take this trade?

TDI Green crossed Red
Stocs above 80, pointing down
Red HA bar has no upper wick

Edit: I meant to ask if that counts as a cross on TDI, or should I wait until next bar for confirmation?
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Luck occurs when preparation meets with opportunity.
  • #1,808
  • May 8, 2011 8:18pm May 8, 2011 8:18pm
Quoting AlienFrog
DyeKid, thanks for posting your chart. I'm watching this trade. The new candle just opened. The green lines in both charts just went flat. That means exit, right?
yeah.. I wanna see where they close though.. it looks to be coming back a little on both pairs
  • #1,809
  • May 8, 2011 8:26pm May 8, 2011 8:26pm
Alienf
Points:
No point waiting for this candle to close or it will be the 3rd....NO TRADE on the 3rd candle.
Yes good candle shape and yes green has visibly crossed and angle is good. Yes stoch confirms direction (on mychart anyway), but this is against the long term trend..see daily, the last pullback was only 3 candles and also note the support levels just to the left which are around a significant round number 80.50
I wouldnt take...others may do.
  • #1,810
  • May 8, 2011 8:39pm May 8, 2011 8:39pm
Quoting dean
Alienf
Points:
No point waiting for this candle to close or it will be the 3rd....NO TRADE on the 3rd candle.
Yes good candle shape and yes green has visibly crossed and angle is good. Yes stoch confirms direction (on mychart anyway), but this is against the long term trend..see daily, the last pullback was only 3 candles and also note the support levels just to the left which are around a significant round number 80.50
I wouldnt take...others may do.
Dean, thanks for your comments, makes sense. I think I could trade it like a robot now, but I need this extra insight to make good judgments.

Question: So the "third candle no trade rule" means the third RED (or blue) candle in a row? I though it meant the "third candle after the signal." I would just ask for confirmation on that since it's a significant point and I don't want to misunderstand the rules. Thanks again!
Luck occurs when preparation meets with opportunity.
  • #1,811
  • May 8, 2011 8:39pm May 8, 2011 8:39pm
and I jumping the gun a bit on this
comments please
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  • #1,812
  • May 8, 2011 8:46pm May 8, 2011 8:46pm
Hello Eelfranz,
First, I wish to thank you for such a simple and profitable system. This is my first post and have been quietly reading through since page 1 and trying it on demo.

I do have a question about the TDI red and green line. Whenever a new H1 or H4 (or any time frame for that matter) candle forms, the red and green line would have printed a new position relative to each other. It could still be a signal that tells me to continue with the trade (if I am already in one). As the hour/or 4H progresses, that position of the red/green line does not move and remain stagnant. However, when I press the refresh button on the chart in between the time frame, the line moves in relation to the PA during those time. It seems that these could have cause us to make a decision to close the trade if the red/green line signals us to do so during those intra-timeframe refresh.

Should we just ignore this and wait for a new candle to form and decide if to close the trade or just close it in between the time frame. There are times it could have saved us some pips doing so but at times it was just PA within those hours and the price continue to move in the direction of our trade.

I am sorry if the question is so long winded but it is important for me to clear this which has been bothering me. Alternatively, should I just forget about manually refreshing the chart in between timeframe and let it refresh automatically everytime a new candle forms.
Road to financial freedom
  • #1,813
  • May 8, 2011 8:47pm May 8, 2011 8:47pm
I think I did a better job on this one short. bounce trade
comments please good or bad
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  • #1,814
  • May 8, 2011 8:49pm May 8, 2011 8:49pm
Babnz48, there are several HA candles in a row with wicks on both sides. When that happens it means the market is choppy, so we stay out. But... I'm a noob at this method, so the senior guys may want to confirm.

Edit: I'm referring to your A/N trade.

Someone posted a link to a really good video about how to read HA candles. i watched it today and it's really helpful. Here's the link:
http://www.compassfx.com/synergy/commentary.htm
Luck occurs when preparation meets with opportunity.
  • #1,815
  • Edited 9:52pm May 8, 2011 8:50pm | Edited 9:52pm
Quoting babnz48
and I jumping the gun a bit on this
comments please
No momentum at the moment. TDI angle not 12-2, going sideways like the 5EMA and SS.
Newbie like you. Just testing if I’m learning anything.
And things don't move much until the London session.
  • #1,816
  • Edited 9:14pm May 8, 2011 8:54pm | Edited 9:14pm
no three trade aud usd long off a bounce as well I would like to know what you see wrong with it, then I will know for next time . Thanks
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  • #1,817
  • May 8, 2011 8:55pm May 8, 2011 8:55pm
Quoting babnz48
and I jumping the gun a bit on this
comments please
Hi Babnz48,
I am long on this one too. There is also a hidden bullish divergence between PA and TDI.
Road to financial freedom
  • #1,818
  • May 8, 2011 8:57pm May 8, 2011 8:57pm
Quoting 2scoops
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.
  • #1,819
  • May 8, 2011 9:03pm May 8, 2011 9:03pm
Quoting AlienFrog
Babnz48, there are several HA candles in a row with wicks on both sides. When that happens it means the market is choppy, so we stay out. But... I'm a noob at this method, so the senior guys may want to confirm.

Edit: I'm referring to your A/N trade.

Someone posted a link to a really good video about how to read HA candles. i watched it today and it's really helpful. Here's the link:
http://www.compassfx.com/synergy/commentary.htm
I closed out just after I posted after a second look at it myself ema and the small candles did as well as the two trend lines I have added
thanks for the comment
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  • #1,820
  • May 8, 2011 9:09pm May 8, 2011 9:09pm
Quoting AlienFrog
Dean, thanks for your comments, makes sense. I think I could trade it like a robot now, but I need this extra insight to make good judgments.

Question: So the "third candle no trade rule" means the third RED (or blue) candle in a row? I though it meant the "third candle after the signal." I would just ask for confirmation on that since it's a significant point and I don't want to misunderstand the rules. Thanks again!
Yes 3 rd in a row after candle colour change. If it was a different colour you would be exiting the trade if you were in one and the tdi would have flattened.
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