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Trading Made Simple

  • #2,201
  • May 11, 2011 8:35am May 11, 2011 8:35am
Quoting cce
Hey...sorry to hear that your struggling...would help if you post the charts and show your entries...
Also, what TF were you trading last night?
Cliff
I posted the UJ trade earlier, but here it is again with the UC trade. Trades were taken tonight (this London session now). Im no newbie to forex, but I came across this strategy and its the kind of thing ive always been looking for - sort of opportunistic trading style in being able to use all currencies and all TF's and easy to teach others how to use (namely, my family - they are only MS word literate!).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc.gif Size: 15 KB
Click to Enlarge Name: uj.gif Size: 19 KB
  • #2,202
  • May 11, 2011 8:37am May 11, 2011 8:37am
Quoting dean
BigE,
I have other charting software I would like to use but its not the same as meta trader and I dont think I can load the tdi onto it. I have sent them an email but can you tell me if it can be done using something standard that will give me the red/green lines?? Is it an RSI or something?? and if so would you have the inputs I need?
Thank you
Try this: RSI 10, set at typical price, plus 3 smoothed m/a.
Attached Image (click to enlarge)
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  • #2,203
  • May 11, 2011 8:42am May 11, 2011 8:42am
possible short on G/U H1, everything looks good to me so far, except that the daily trend is up.

Also the last movent up was around 180 pips, its already retraced about 70 pips and could have support about 30 pips away.

any comments?
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 28 KB
  • #2,204
  • May 11, 2011 8:45am May 11, 2011 8:45am
sorry to sound like an idiot but....if you have a $1000 acct and risk 10% thats $100. if big e uses a 15 pip stop, do I divide my $100 by 15 and each pips is $7???

again sorry if this is fuzzy math
  • #2,205
  • May 11, 2011 8:45am May 11, 2011 8:45am
Quoting dean
Cant find the post!!!...anyone remember the 8 pairs Big @E uses??
Here you go:
http://www.forexfactory.com/showpost...postcount=1379
  • #2,206
  • May 11, 2011 8:55am May 11, 2011 8:55am
Quoting 33drifter
possible short on G/U H1, everything looks good to me so far, except that the daily trend is up.

Also the last movent up was around 180 pips, its already retraced about 70 pips and could have support about 30 pips away.

any comments?
I reckon it looks pretty good. Last reversal wasnt much in it but we are in the right session to get movement. And although daily shows uptrend, the 4 hourly tdi has flattened and the current candle is weak, which suggests it is turning down. My chart is showing a cross already so I am in
Attached Image (click to enlarge)
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  • #2,207
  • May 11, 2011 8:56am May 11, 2011 8:56am
Quoting AlexC
Here you go:
http://www.forexfactory.com/showpost...postcount=1379
thank you very much
  • #2,208
  • Edited 9:50am May 11, 2011 9:01am | Edited 9:50am
Quoting dean
comments??
AUDUSD 4H: Yeah, I've got a bit on it. Target 1.0750. Conservative, smallish possie.
  • #2,209
  • May 11, 2011 9:01am May 11, 2011 9:01am
Hey all. This was my first trade with this strategy, let me know what you think. Closed at +70 because I have to leave my computer for a while.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd51111.jpg Size: 116 KB
  • #2,210
  • May 11, 2011 9:05am May 11, 2011 9:05am
Quoting allan_mc
I posted the UJ trade earlier, but here it is again with the UC trade. Trades were taken tonight (this London session now). Im no newbie to forex, but I came across this strategy and its the kind of thing ive always been looking for - sort of opportunistic trading style in being able to use all currencies and all TF's and easy to teach others how to use (namely, my family - they are only MS word literate!).
Hi Allan

What's the indi you have there with the grey and green dots, and the alert arrows?

I know we shouldn't have to use them, but they do look to confirm the green/red cross.

cheers

GG
Now trading live
  • #2,211
  • May 11, 2011 9:09am May 11, 2011 9:09am
Quoting dean
I reckon it looks pretty good. Last reversal wasnt much in it but we are in the right session to get movement. And although daily shows uptrend, the 4 hourly tdi has flattened and the current candle is weak, which suggests it is turning down. My chart is showing a cross already so I am in
If you look down, you'll see a fairly strong band of support (1.6415 and below that, a lot of price action over last couple of days). While it may get there, it's only about 30 pips away as I write. Worth the risk?

Also 4H and Daily most certainly not even hinting at short, but who knows the future?
  • #2,212
  • May 11, 2011 9:11am May 11, 2011 9:11am
Just took this position. Any feedback would be helpful.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD shorted at 1.64504.JPG Size: 106 KB
  • #2,213
  • May 11, 2011 9:11am May 11, 2011 9:11am
Glad to hear you have some past experience in trading the Forex...should make it easier...right?
USDCAD 4h was taken well past the 1st-2nd APB although the TDI was pointing down at about 4 o'clock position, too far into this pair for a Great Settup...No Trade.
USDJPY 4h TDI did tick slightly green below red but turned into a bit of a bounce trade to the long side. Which is also in line with the way it has been trending the last few days...so, you took a short on a small retrace as it were and it turned around and continues now with the trend...up.
Retrace trades, as you know are not without more risk...
Hope this helps...
Cliff

Quoting Allan_mc
I posted the UJ trade earlier, but here it is again with the UC trade. Trades were taken tonight (this London session now). I'm no newbie to forex, but I came across this strategy and its the kind of thing ive always been looking for - sort of opportunistic trading style in being able to use all currencies and all TF's and easy to teach others how to use (namely, my family - they are only MS word literate!).
I get exercise just pushing my luck
  • #2,214
  • May 11, 2011 9:15am May 11, 2011 9:15am
Nice trade...espcialy playing the weak Euro...TDI and APB's made for a GREAT SIGNAL...good job...
Cliff

Quoting punkboy1980
Hey all. This was my first trade with this strategy, let me know what you think. Closed at +70 because I have to leave my computer for a while.
I get exercise just pushing my luck
  • #2,215
  • May 11, 2011 9:18am May 11, 2011 9:18am
Quoting punkboy1980
Hey all. This was my first trade with this strategy, let me know what you think. Closed at +70 because I have to leave my computer for a while.
not many would have been in that....flat tdi and small candles. well done though.
  • #2,216
  • May 11, 2011 9:18am May 11, 2011 9:18am
Quoting milicentfx
sorry to sound like an idiot but....if you have a $1000 acct and risk 10% thats $100. if big e uses a 15 pip stop, do I divide my $100 by 15 and each pips is $7???

again sorry if this is fuzzy math
Sounds right, so this equates to 0.7 Lot. But I understand Big E has said he does not use a hard stop. It is a discretionary exit if he believe the setup is weak (if I understand correctly). I personally will keep trading small lots until I am much more comfortable.
  • #2,217
  • May 11, 2011 9:21am May 11, 2011 9:21am
Quoting ToeCutter
If you look down, you'll see a fairly strong band of support (1.6415 and below that, a lot of price action over last couple of days). While it may get there, it's only about 30 pips away as I write. Worth the risk?

Also 4H and Daily most certainly not even hinting at short, but who knows the future?
yep saw that support there...only looking at short term becasue of it....30 would do fine thanks
I have a similar TP to you on the A/U too, although getting tired so might take it earlier.
  • #2,218
  • May 11, 2011 9:48am May 11, 2011 9:48am
Today I traded H4 only. Had some bad ones initially where I did not follow the rules. But when I did it started to happen and have now made up all the losses and more. Best trade today is GU (attached) still in with over +100 pips. Signs are still strong.

I will not post my really bad trades because looking at the them now it is clear that it was a mess. I don't even know why I took them at the time. But a reasonable example is the GU attached. The red line is where I entered. I exited during the next candle with -22 pips as the TDI dropped. I can see now that the candles were small and the TDI was weak even though it had crossed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EG H4.JPG Size: 103 KB
Click to Enlarge Name: GUH4.JPG Size: 107 KB
  • #2,219
  • May 11, 2011 9:50am May 11, 2011 9:50am
Quoting cce
Glad to hear you have some past experience in trading the Forex...should make it easier...right?
USDCAD 4h was taken well past the 1st-2nd APB although the TDI was pointing down at about 4 o'clock position, too far into this pair for a Great Settup...No Trade.
USDJPY 4h TDI did tick slightly green below red but turned into a bit of a bounce trade to the long side....
Thanks Cliff.

The UC trade was taken on a bounce, at least I perceived that zigzag to be a bounce.

The UJ short trade was taken under good conditions with the support of the daily trend. According to big E the trend on H4 and daily are only used to guage lot sizing (unless neither TF is in the right direction, in which case it would be a no trade).

I wont give up on this yet but I can see why big E only enters under perfect conditions now. I think that will turn out to be a critical rule for the success of this system, rather than merely maximising profits.
  • #2,220
  • May 11, 2011 10:39am May 11, 2011 10:39am
I just got out of the GBP/USD trade due to the TDI going flat. Would this be a correct exit?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD closed trade.JPG Size: 105 KB
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