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Trading Made Simple

  • #2,121
  • May 10, 2011 8:17pm May 10, 2011 8:17pm
Quoting Chillypiper
This a short trade from the daily chart (long term hopefully) sell limit filled, just below support, that fills the basic 'Simple Trading Method' ( read the threat 4 times now)To include a hundred other things, coupled with over a thousand or so hours of watching this screen. And I'm still learning too,no pro here, YET !

Cuz.... I'm diffidently not lucky and trying to be smart...

Here's what I saw at the daily chart, and I do look at 1h and 4H prior to making the trade

Ditto on the 'not lucky and trying to be smart'.

Totally forgot the knock 3 times set up pattern


Actually took a nibble and set up a short position also but on demo. Really need to make sure I know what I'm doing before committing $$$!

Since it IS 'monopoly money' I took a stab at a position I thought was okay (attached pic)
Would appreciate any feedback on that choice. Randomly chosen TP and SL btw.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP H4 demo Long.JPG Size: 99 KB
  • #2,122
  • May 10, 2011 8:32pm May 10, 2011 8:32pm
Here are my extremely unofficial demo trading results!

Pair: GBPUSD
TF: H4
Time period: Jan-Feb 2011

I used CCE's suggestion to scroll back through the chart and use F12/Shift F12 to move ahead/back one bar at a time. It's much more effective than using the sim. Thanks Cliff!

Entry rules:
TDI Green crosses Red, OR Green bounces off red to continue a trend
Stocs must agree with Green TDI direction
Entry candle must be first or second of its color
The ONLY discretion I exercised was whether I thought the PA was choppy.
If so, I passed on the trade. One time I also decided I was near strong resistance, and I passed on the trade. Other than that, I entered on the signal no matter what.
Entry was immediately when the signal was given, at the open of that candle.

Exit rule:
When Green TDI started to flatten out or did a check-mark reversal, I exited immediately, at the open of that candle.

That's it!

(I know most of you guys know this, but it helps me learn when I repeat it, and it helps the other noobs like me to see it repeated)

I recorded each trade manually. The results are as follows:

Total trades: 22
Winners: 18
Losers: 4
Net pips for the entire time period: +1191

Here's are the trades. You can compare on your own charts if you like.

Standard disclaimer: I am not responsible for anything posted here because I'm totally irresponsible, just ask my wife.

I hope this helps someone like Eelfranz is helping me. Good pipping to all!
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 129 KB
Luck occurs when preparation meets with opportunity.
  • #2,123
  • May 10, 2011 8:32pm May 10, 2011 8:32pm
Quoting AlienFrog
Someone asked for some info on this method all gathered in one place. Yes, it's in the thread, and I've read nearly all of it like most of you. But I'm a noob, and I need to keep repeating it to myself. And this is a HUGE thread - I was away at work for 10 hours today and there are over 150 new posts! That's a good thing...

Anyway, here are some links to some good posts by Eelfranz (and maybe others) for training. This isn't all of them, but these are good.

Training links:
Normal entries and bounces:
http://www.forexfactory.com/showpost...&postcount=161...
Many thanks AlienFrog... maybe Karma comes around in pips?

And your earlier reply is appreciated. The good old 'KISS' rule... because flipping between TFs would stall me from opening any positions!

Btw... considering your stats (10-2) with pip profit in the hundreds... when are you taking your show live?
  • #2,124
  • May 10, 2011 8:45pm May 10, 2011 8:45pm
VERY IMPRESSIVE MR.ALIENFROG!
  • #2,125
  • May 10, 2011 9:12pm May 10, 2011 9:12pm
This time the cross is above the 233 ma. Lots of ma's converging here, and bollinger bands contracted. We'll see.
Attached Image (click to enlarge)
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  • #2,126
  • May 10, 2011 9:19pm May 10, 2011 9:19pm
Quoting olegy
usd/cad daily short
any comments ?
I noticed when the first candle closed, the lines had not crossed yet, then when the next candle opened it showed that they crossed. So that makes me wonder, do you take the trade at the beginning of the candle or wait until tomorrow when the candle closes?
  • #2,127
  • May 10, 2011 9:33pm May 10, 2011 9:33pm
Quoting Nate04
I noticed when the first candle closed, the lines had not crossed yet, then when the next candle opened it showed that they crossed. So that makes me wonder, do you take the trade at the beginning of the candle or wait until tomorrow when the candle closes?
Hi Nate, by rule no entry on 3rd candle ( on a TDI cross).Only entry on a bounce of the red or trend continuous. IMO, dropping down to a lower TF would be a better opportunity for a bounce entry.
  • #2,128
  • May 10, 2011 9:33pm May 10, 2011 9:33pm
Any body see any thing worth looking at? the only one that I see any where close in NZD / USD and that's not that flash
  • #2,129
  • May 10, 2011 9:34pm May 10, 2011 9:34pm
trade off the 1 hour..

Weekly shows that the tdi just crossed.

Lemme know what you guys think of this
Attached Image (click to enlarge)
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  • #2,130
  • May 10, 2011 9:48pm May 10, 2011 9:48pm
Quoting babnz48
Any body see any thing worth looking at? the only one that I see any where close in NZD / USD and that's not that flash
I got nada and will check back in 2hrs. Plus my u/c short is stuck in mud
  • #2,131
  • May 10, 2011 9:48pm May 10, 2011 9:48pm
Quoting Chillypiper
Hi Nate, by rule no entry on 3rd candle ( on a TDI cross).Only entry on a bounce of the red or trend continuous. IMO, dropping down to a lower TF would be a better opportunity for a bounce entry.
Thanks for the answer. I'm still not sure I understand completely, but at this point in the evening I think I'll just call it a night and look for another setup tomorrow.
  • #2,132
  • May 10, 2011 9:52pm May 10, 2011 9:52pm
Quoting Dyekid217
trade off the 1 hour..

Weekly shows that the tdi just crossed.

Lemme know what you guys think of this
Ummm, only 90hrs to the next candle opening is crazy for me and the angle is questionable, but thats me. Are you willing to carry it through the weekend . with the possible slippage?
  • #2,133
  • May 10, 2011 9:58pm May 10, 2011 9:58pm
Your welcome...
Ain't it cool when a plan comes together...
Good trades...
Cliff

Quoting AlienFrog
Here are my extremely unofficial demo trading results!

Pair: GBPUSD
TF: H4
Time period: Jan-Feb 2011

I used CCE's suggestion to scroll back through the chart and use F12/Shift F12 to move ahead/back one bar at a time. It's much more effective than using the sim. Thanks Cliff!

Entry rules:
TDI Green crosses Red, OR Green bounces off red to continue a trend
Stocs must agree with Green TDI direction
Entry candle must be first or second of its color
The ONLY discretion I exercised was whether I thought the PA was choppy.
If so, I passed on the...
I get exercise just pushing my luck
  • #2,134
  • May 10, 2011 10:00pm May 10, 2011 10:00pm
Quoting Dyekid217
trade off the 1 hour..

Weekly shows that the tdi just crossed.

Lemme know what you guys think of this
This is as good as I can get at the moment. green crossed, good angle, no resitance support nearby, stoch good, stoch and tdi coming out of great area. Small candles but it IS the asian session. Lower TF agrees but H$ and daily look to be almost ranging so to me it seems a decent trade......happy for any criticisms??
Attached Image (click to enlarge)
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  • #2,135
  • May 10, 2011 10:03pm May 10, 2011 10:03pm
Quoting Dyekid217
trade off the 1 hour..

Weekly shows that the tdi just crossed.

Lemme know what you guys think of this
Weekly had crossed on the first candle I think. That is the trade Big E just exited as it wasnt doing anything so probably not a good one to jump into.
  • #2,136
  • May 10, 2011 10:07pm May 10, 2011 10:07pm
Quoting check2011
Ditto on the 'not lucky and trying to be smart'.

Totally forgot the knock 3 times set up pattern


Actually took a nibble and set up a short position also but on demo. Really need to make sure I know what I'm doing before committing $$$!

Since it IS 'monopoly money' I took a stab at a position I thought was okay (attached pic)
Would appreciate any feedback on that choice. Randomly chosen TP and SL btw.
IMO, your entry is invalid. If you what to succeed, you need to treat it as REAL MONEY! Emotion is a huge part off this! If its only for the cost of a cup of coffee you will not treat your decisions you make as the same.

Look at Eelfranz post and charts and try and duplicate them.

Practice, does not make perfect..Perfect practice does!
  • #2,137
  • May 10, 2011 10:12pm May 10, 2011 10:12pm
Quoting dean
This is as good as I can get at the moment. green crossed, good angle, no resitance support nearby, stoch good, stoch and tdi coming out of great area. Small candles but it IS the asian session. Lower TF agrees but H$ and daily look to be almost ranging so to me it seems a decent trade......happy for any criticisms??
look at the main trend sig look a bit week . but what would I know I lost all my Monday's pips last night
  • #2,138
  • May 10, 2011 10:15pm May 10, 2011 10:15pm
Quoting check2011
Ditto on the 'not lucky and trying to be smart'.

Totally forgot the knock 3 times set up pattern


Actually took a nibble and set up a short position also but on demo. Really need to make sure I know what I'm doing before committing $$$!

Since it IS 'monopoly money' I took a stab at a position I thought was okay (attached pic)
Would appreciate any feedback on that choice. Randomly chosen TP and SL btw.
It's hard to tell from the pic as some of the average candles tops line up at the same place.

If you entered on the third or the 4th (last candle printed) you entered way to late.

If you entered on the 2nd candle and it just happened to line up with the other candles it was a good entry by the rules.

Myself that set up, I would have taken it on the first candle since the candle was strong and large. That is if green had shown across red with a good angle which it looks like it probably did.
  • #2,139
  • May 10, 2011 11:31pm May 10, 2011 11:31pm
Quoting chewz
Hi guys, big e,

wow this thread has exploded since you moved forums. Havent posted in the new one yet so thought I should. Just wanted to show all new people my trades from the past few weeks. Ive never experienced success like it! it really works

http://oi54.tinypic.com/2r5x0cz.jpg
hi, Chews. one question. looks like some of your trades that you are open at middle of bar form, not begin of bar, right? thanks
  • #2,140
  • Edited 1:43am May 11, 2011 1:03am | Edited 1:43am
What's about eurgbp now?It seems good, but resistance is very near (7 pips I believe...)offtop: how many posts before they stop review it?
http://i20.fastpic.ru/big/2011/0511/...6e11d27670.png
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