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Trading Made Simple

  • #2,461
  • May 13, 2011 4:44am May 13, 2011 4:44am
Quoting nhen
IBut perhaps this is not the thread for discussion of options, I appreciate this system greatly so I'll get back in line and not stir the water
Mate.. you are not stirring any water. I totally agree with you. TDI flat, I look at PA and if it's screaming "get out" (e.g a good pin, strong supp/res) I would get out, otherwise I hold as well. TDI curls, time to exit and look for another setup. Simple and by the rules, as I understand it.

My other other approach (and I have back tested this an found it works as good as any exit I can find - an it's simple!) is if I get in around the Eur/London open (that is when I am looking for entries), if the candle I enter on goes in my favour (1hr candles), I move my stop to the high (for a sell), or low (for a buy) of the ENTRY candle and then walk away. Come back around London lunch time it's either stopped our or I just close it out before the NY session opens what ever the pips are, positive or negative.

I know it sounds simple, but all my back testing on this shows it works (over the long haul) as good as anything else. You are not there to even see the fake outs :-)

I really do like this system. IMO, it's as good as anything I have seen and it does not need tweaking or complicating. All I do in additon to the standard rules is look at the OHLC candles if I get an entry signal as that is what I am used to looking at. That's it.
  • #2,462
  • May 13, 2011 4:58am May 13, 2011 4:58am
Quoting dazzdude
Mate.. you are not stirring any water. I totally agree with you. TDI flat, I look at PA and if it's screaming "get out" (e.g a good pin, strong supp/res) I would get out, otherwise I hold as well. TDI curls, time to exit and look for another setup. Simple and by the rules, as I understand it.

My other other approach (and I have back tested this an found it works as good as any exit I can find - an it's simple!) is if I get in around the Eur/London open (that is when I am looking for entries), if the candle I enter on goes in my favour (1hr...
Legend thanks for that mate, the entry exit bits from your post have gone into my word document for this thread.

London open is when I'm looking to trade this as well, 5pm my time, so works perfectly!
  • #2,463
  • May 13, 2011 5:20am May 13, 2011 5:20am
Quoting KumoDragon
I thought he said the last swing high/low before entry?
Kumo, yes he did say that a couple of days ago. I found that post here: http://www.forexfactory.com/showthre...ng#post4611097

He does that himself because it's his sleep time, not because it's the strategy.
Luck occurs when preparation meets with opportunity.
  • #2,464
  • May 13, 2011 5:27am May 13, 2011 5:27am
understand better after several days' trades.

I love it!
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  • #2,465
  • May 13, 2011 5:44am May 13, 2011 5:44am
Snap, Gerald, Adeforex, you and some other guys get it - stick to the method and keep it simple. Most of the other posts looking for fractals, EAs, pages and pages of SL arguments - that's all noise (sorry, not trying to pick on anyone in particular, just making a point).

I'm having trouble keeping up with this thread lately with all the noise. Someone said that's how a good thread goes bad and I don't want that to happen here.

Most people watching and learning want to stick to the method, post their charts, and have others look and critique. Incredible posted a chart 3 hours ago and no one has answered his question yet.

I have to go to work now so I can't do it, but there are 78 traders watching this thread right now - someone good with the method is watching and should comment his chart.
Luck occurs when preparation meets with opportunity.
  • #2,466
  • Edited 6:25am May 13, 2011 6:14am | Edited 6:25am
re:mbah_sangkil

BTW, if we enter on the first candle, this is the new candle and we don't know yet how big the body is. How to know that this is a good candle to enter the trade, while the candle is still on progress
MY ANSWER:
ENTER ACCORDING TO THE RULE 1-2 CANDLES.
LETS SEE EXAMPLES (SORRY I AM USING MY LIVE BROKER ALPARI BUT MAY BE CLOSE TO FXDD , MY FXDD NOT RESPONDING NOW)
1.NOTICE THE PLACE I MARKED WITH YELLOW CIRCLE
2. THE ARROW CROSSES (1-2 CANDLE). I AM USING BOTH Tdi HISTOGRAM AND THE LINE VERSION. THEY ARE THE SAME
3. SEE THE CURRENT EU ON WEEKLY. I ENTERED AT THE BEGINNING OF THE WEEK, CLOSED THIS MORNING FOR 188PIPS.
OUR BOSS Big E on the same trade and said until next week to check it
You can see the momentum on each yellow region. i just entered at the begining of the second candle . See more of them on your chats.
they may come 1-3 times weekly on 4 hr and above chats/ pair that i trade. I also trade bounce signals as our boss. Let see how far we can go
That is how i trade, it minimizes many losses.
Hope it clears
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We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #2,467
  • May 13, 2011 6:28am May 13, 2011 6:28am
Quoting adeforex
re:mbah_sangkil...

looking for someone who i can share my profits with while i learn how to trade. Looking for someone who has been trading for 10+ years and would like to allow me to follow trades while and make an income. We can work on a profit split.
  • #2,468
  • May 13, 2011 6:37am May 13, 2011 6:37am
Quoting eelfranz
Sign up above to receive automatic updates to this thread.
Please walk me through to do this...
  • #2,469
  • May 13, 2011 7:07am May 13, 2011 7:07am
Quoting gle2nn
Please walk me through to do this...
See at the top: THREAD TOOLS> SUBSCRIBE TO THIS THREAD.
  • #2,470
  • May 13, 2011 7:08am May 13, 2011 7:08am
Quoting AlienFrog
Snap, Gerald, Adeforex, you and some other guys get it - stick to the method and keep it simple. Most of the other posts looking for fractals, EAs, pages and pages of SL arguments - that's all noise (sorry, not trying to pick on anyone in particular, just making a point).

I'm having trouble keeping up with this thread lately with all the noise. Someone said that's how a good thread goes bad and I don't want that to happen here.

Most people watching and learning want to stick to the method, post their charts, and have others look and critique....
The reason i don't comment others is because i will tend to focus on the thread than my charts. I'll answer when i can.
  • #2,471
  • May 13, 2011 7:14am May 13, 2011 7:14am
Quoting Incrediblle
is this a correct entry for long?
Yes it is correct if you follow the rules. Have some patience to let it unfold.
If it can break that resistance, it is even better. Additionally, it was a div on the stoch, which is a good sign.
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  • #2,472
  • May 13, 2011 7:21am May 13, 2011 7:21am
Quoting AlienFrog
Kumo, yes he did say that a couple of days ago. I found that post here: http://www.forexfactory.com/showthre...ng#post4611097

He does that himself because it's his sleep time, not because it's the strategy.
If he does it, that makes it part of his strategy, doesn't matter if he's sleeping or not.

IMO, putting a SL one or two candles behind can often just be asking to get stopped out, considering 1 or 2 candles behind can sometimes be very few pips.
  • #2,473
  • Edited 7:39am May 13, 2011 7:26am | Edited 7:39am
Trade I took 6am est by the rules . Took 50% off at 25 pips the rest on 10 pip trailer up 50 pips at the moment so 40 locked in. Was managing so no hard SL UPDATE Stopped out w/45pips on rest of position


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Always Learning
  • #2,474
  • May 13, 2011 7:37am May 13, 2011 7:37am
Quoting JayTrader
Trade I took last Hour by the rules . Took 50% off at 25 pips the rest on 10 pip trailer up 50 pips at the moment so 40 locked in. Was managing so no hard SL


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Was just about to post and ask whether anyone got in on the 1H trades on UJ and swissy a few hours ago. Hope you got out before they pulled back mate!
  • #2,475
  • May 13, 2011 7:43am May 13, 2011 7:43am
Quoting JayTrader
Trade I took 6am est by the rules . Took 50% off at 25 pips the rest on 10 pip trailer up 50 pips at the moment so 40 locked in. Was managing so no hard SL UPDATE Stopped out w/45pips on rest of position


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Perfect setup, great trade
  • #2,476
  • May 13, 2011 8:02am May 13, 2011 8:02am
Nhen,

When I trade this system on the 4 hour charts. I'am looking for about
$100.00. Maybe a little shy of it maybe north of it. Yesterday
I made $135.00 .

What I do is set my trades and go to work and check back on the
charts 9 hours later. I use a $100.00 hard stop and try to ride
the trend. I'am setting my trades at 9:30 p.m. mountain standard time
(trading the London time frame). I will set my trades by the TDI.
Sometimes only 1 contract sometimes 3 different contracts. Just
depends on what the TDI is signaling. I try to catch the trend for
9 hours (approx 2 bars) and at 7:00 a.m. I'll see how I did. I like it,
it's simple to remember and very profitable...

snarlyjack
  • #2,477
  • May 13, 2011 8:04am May 13, 2011 8:04am
Nice trade...perfect setup...appreciate the chart...well managed
Good Trades...
Cliff

Quoting JayTrader
Trade I took 6am est by the rules . Took 50% off at 25 pips the rest on 10 pip trailer up 50 pips at the moment so 40 locked in. Was managing so no hard SL UPDATE Stopped out w/45pips on rest of position


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I get exercise just pushing my luck
  • #2,478
  • May 13, 2011 8:07am May 13, 2011 8:07am
Quoting snarlyjack
Nhen,

When I trade this system on the 4 hour charts....
Great thanks for that snarlyjack
  • #2,479
  • May 13, 2011 8:09am May 13, 2011 8:09am
Excellent advice...would like to have had this concept presented to me some 6 years ago when I was turned to the darkside and started trading the Forex...
Appreciate your comments hear on Big E's thread...
Good Trades...
Cliff

Quoting SnapCracklePip
yeah well ...this system is actually new to me.....I have been a fork trader the past 4 or 5 years....then i switched to price only charts (still trading forks) its been 4 weeks now trading this setup along side my old system and to be honest this system is as good as it gets.....of course there will be losses...DONT LET THOSE LOSSES KILL YOU! CUT EM!.......

here is a money management exercise for you if your new.

Step 1.) open a live account with a broker that allows 1-10 cent a pip trades

Step 2.) start trading for Penny's here is the goal..........
I get exercise just pushing my luck
  • #2,480
  • May 13, 2011 8:10am May 13, 2011 8:10am
This is a great little pdf on trading psychology, came from another thread.
Thought someone may find it useful!
Enjoy.
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