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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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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

  • #2,701
  • May 16, 2011 8:58am May 16, 2011 8:58am
Quoting 2scoops
That pair is as flat as a pancake in my opinion though.
Also TDI shows divergence and it's also trading into support. I am watching, wondering if it will break the support break level and make a move. Maybe wishful thinking....
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  • #2,702
  • May 16, 2011 9:28am May 16, 2011 9:28am
This system is remarkable.

It's so KISS its driving me nuts and the wheel barrow is squeeeeking

Ignore the alli indi its just so i keep out of consolidation.

Here's to the thread master Eelfranz
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  • #2,703
  • May 16, 2011 9:32am May 16, 2011 9:32am
Quoting courtneywild
This system is remarkable.

It's so KISS its driving me nuts and the wheel barrow is squeeeeking

Ignore the alli indi its just so i keep out of consolidation.

Here's to the thread master Eelfranz
is this your real or demo account?
Trade responsiblypatience is the key/Swing trader
  • #2,704
  • May 16, 2011 9:42am May 16, 2011 9:42am
Quoting Incrediblle
is this your real or demo account?
Hi Incrediblle

Demo.... but going live...and then it all changes HA.
  • #2,705
  • May 16, 2011 9:52am May 16, 2011 9:52am
Quoting eelfranz
Hey All...

I'm having trouble trying to breathe tonight... may have to go to the hospital... could use your prayers... please...

Going to Emergency tomorrow AM if I get thru tonight... thanks...
A prayer goes out to you my friend!
  • #2,706
  • May 16, 2011 9:56am May 16, 2011 9:56am
Here is a trade of mine I did today. I lost, but lesson has been learned:

1. Did not enter at the begining of the candle, which affected my exit decision (see p.3).

2. Green went flat and even little up, but M30 was developing downward and I stayed in. Position still profitable. Not a bad decision although against the rules.

3. Flat green has been confirmed, I was going to take the profit (Close button pushed), but profit was too small (because of 1.) and I was greedy. Stayed in! Bad!

4. On top of this Stochastic keeps warning me "Exit!Exit!", but.. it was a lunch time. When I came back, the SL was hit.

So, in a single trade I disregarded few (?) rules and I lost an otherwise a profitable position!

By the way, when I do something wrong I pray to loose, so that I learn. Because if you do something wrong and win you would never learn the lesson! Better do it right and loose!
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Bah...
  • #2,707
  • May 16, 2011 10:07am May 16, 2011 10:07am
plamendp:
The TDI-
The Green and Red line are already very low at the 32 area.
It would not be wise to take a short trade in that area.

Also check the 4 hour chart.
  • #2,708
  • May 16, 2011 10:13am May 16, 2011 10:13am
system is really starting to get me comfortable trading. Now am applying strict money management and RR.

traded 3 pairs so far today and hit my tp2 on all of them.. 3rd positions are on break even.

if any of you want to know how I'm using MM here it is..

tp1 - 10 pips
tp2 - 20 pips
tp3 - move sl to be and let it run until exit signal on 1hr or 4hr.. depends which timeframe i enter the trade on

hard stop of 20 pips until TP 2 is hit.
  • #2,709
  • May 16, 2011 10:15am May 16, 2011 10:15am
What a great trading system
Pray Big E get well soon.

Here is a chart that would have made big money if taken.
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  • #2,710
  • May 16, 2011 10:22am May 16, 2011 10:22am
As you can see the tdi has crossed hard on all
4 of these charts. I'am up about $100.00 just
in the last few hours.

Hope this helps...

snarlyjack
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  • #2,711
  • May 16, 2011 10:31am May 16, 2011 10:31am
Nice Snarly - good work - seems i missed out on quite a few good moves around major news time today. Is major news something you factor into the equation when your trading the 4HR Snarly?
  • #2,712
  • May 16, 2011 10:36am May 16, 2011 10:36am
2scoops,

I don't watch the news at all. Currently I'am watching
the travel channel on the best beach houses in the U.S.A.

They are showing some great places to live. I need to
make more money the Florida Keys looks pretty nice.

How would you like to set your trades and go out and
play in paradise...that interest me much more than
"spin" news.

Hope this motivates you...

snarlyjack
  • #2,713
  • May 16, 2011 10:39am May 16, 2011 10:39am
I have traded this system when the candle is small or big in the 1 h mode and 4 mode . It has always been a good experience for me with this system .

Now i found there is a big difference whn the candles are below 5ema but the tdi is saying buy under such circumstances when u take a trade the momentum is absent but still u can make 20 pips and come out but when it is above the 5 ema , i mean the candle then it starts firing and the candle starts growing in size.

what i do when the tdi says buy or sell and the in 1 h the candle is small and below the 5 ema , it is known that momentum is not there so i drop down to lower time frame except 1 m , to check the tdi whether it is giving buy
or sell , if i get buy in 5 m 15 m then i enter long , no sl is put but a 10 pip hits i put tsl and keep it covered, you win 99% and the 1 % whn u take hit it is also negligible 5 pip hit like that.

Try it and another thing is you should be ready at 4 h 8 h 13 h and 16 h time in eusd counter that is when firing starts. specially 13 h ( 13 h is 5.30 pm IST )
  • #2,714
  • May 16, 2011 10:41am May 16, 2011 10:41am
Quoting courtneywild
Hi Incrediblle

Demo.... but going live...and then it all changes HA.
yes thats what i was thinking

thats the bitter truth we all have to face

today i made 400$ on 4 trades it means 1600$

but on real account its tuff to make even 16

most times i feel like after blowing a real account.
Trade responsiblypatience is the key/Swing trader
  • #2,715
  • May 16, 2011 10:50am May 16, 2011 10:50am
Quoting Incrediblle
yes thats what i was thinking

thats the bitter truth we all have to face

today i made 400$ on 4 trades it means 1600$

but on real account its tuff to make even 16

most times i feel like after blowing a real account.
Ha such a funny post...

When I started using this system is blew my mind ... and that was a small explosion...
talking of mind I must be careful.... I slipped up saying what i did because this trading malarky is all about the mind. Which is a shame as most of the time i don't have one. Oops there i go again.
Seriously work harder on your mind than the system because the system is simple the mind is complex

Well I hope that there is news of eelfranz soon and thats its good news.
  • #2,716
  • May 16, 2011 11:03am May 16, 2011 11:03am
Dear Big E,

I've been learning your strategy for a few weeks and found it is great!

Thank you very much for having shared it to us.

I subscribed to day.

..................................................................................................

Get well soon my GURU!

MAY GOD BLESS YOU!

Regards,

Pipenjoyer
  • #2,717
  • May 16, 2011 11:04am May 16, 2011 11:04am
Big E,

Hope you are feeling better. This is a great system you have share with us.

Jam
  • #2,718
  • May 16, 2011 11:05am May 16, 2011 11:05am
Quoting snarlyjack
2scoops,

I don't watch the news at all. Currently I'am watching
the travel channel on the best beach houses in the U.S.A.

They are showing some great places to live. I need to
make more money the Florida Keys looks pretty nice.

How would you like to set your trades and go out and
play in paradise...that interest me much more than
"spin" news.

Hope this motivates you...

snarlyjack
Love it Snarly! Seams ALL your priority's are in place. Good luck on the relocation!
  • #2,719
  • May 16, 2011 11:08am May 16, 2011 11:08am
Quoting snarlyjack
2scoops,

I don't watch the news at all. Currently I'am watching
the travel channel on the best beach houses in the U.S.A.

They are showing some great places to live. I need to
make more money the Florida Keys looks pretty nice.

How would you like to set your trades and go out and
play in paradise...that interest me much more than
"spin" news.

Hope this motivates you...

snarlyjack
  • #2,720
  • May 16, 2011 11:25am May 16, 2011 11:25am
hope u get well soon Big E ...
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