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Trading Made Simple

  • #3,181
  • May 19, 2011 6:55am May 19, 2011 6:55am
Just to complement the 33Drifter chart, take a look in my chart in 4h.

The price going below moving average it's good sign?! We must to considerate this?! Thanks.
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  • #3,182
  • May 19, 2011 6:55am May 19, 2011 6:55am
Quoting ttal
i ve been also trying to get something out of this system for the past few days and would like to thank you for sharing a system that actually works. I think other important things to watch out for this system to guarantee satisfactory wins are the r s lines. when price turns from the resistance or support and if the tdi is crossing then success is nearly 100%
that's a good observation
  • #3,183
  • May 19, 2011 7:00am May 19, 2011 7:00am
Quoting dean
I would suggest the price is actually sitting on some fairly heavy resistance to the left of the screen where that big hump is...wouldnt you??
And this is why there is always a market
I find that price has a habit of making it's way to major areas of S and R. At the moment, to me, 137.75 is a significant area based on how price has reacted to it over the last 2 weeks. Next major area of S is 136.35. I have no idea if it will get there and am not suggesting it to trade.
  • #3,184
  • May 19, 2011 7:03am May 19, 2011 7:03am
Quoting adowland
Been reading the thread and then re-reading important posts, esp eelfranz (please be well)....
VERY GOOD RESULTS. YOU ARE A VETERAN. REMEMBER TO CARRY US ALONG IN YOUR DECISION TAKING
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #3,185
  • May 19, 2011 7:04am May 19, 2011 7:04am
Quoting dean
Would love to hear from everyones perspective on this:
In regards to our trade assessment, in particular the looking to the left of the chart to look for S/R.....to be honest its difficult to find trades that DONT have this prresent....and if BigE expects 3 to 8 candles or 150pips every time he puts a trade on, surely within that range the price is breaking through many SR levels....
Whenver I check, I can always find SR levels so what in particular do you guys allow yourself to overlook when actually pulling the trigger??
it's perspective. the futher back you look from, the easier it is the see the important levels, the ones you will have trouble breaking. zoom out, then look from there
  • #3,186
  • May 19, 2011 7:12am May 19, 2011 7:12am
Quoting dean
Would love to hear from everyones perspective on this:
In regards to our trade assessment, in particular the looking to the left of the chart to look for S/R.....to be honest its difficult to find trades that DONT have this prresent....and if BigE expects 3 to 8 candles or 150pips every time he puts a trade on, surely within that range the price is breaking through many SR levels....
Whenver I check, I can always find SR levels so what in particular do you guys allow yourself to overlook when actually pulling the trigger??
also intersecting lines are worth taking note of, many things
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  • #3,187
  • May 19, 2011 7:15am May 19, 2011 7:15am
Quoting adowland
Been reading the thread and then re-reading important posts, esp eelfranz (please be well). Started live on 17/5/11, decided to follow eelfranz and aim for 50 pips per day, stop when hit or S/L for the day is hit (not sure what that is yet), anyway up until right now taken thirteen trades with twelve winners and one I closed for a small loss as it was just drifting all day. made sixty pips Tuesday, fifty seven pips on Wednesday and have finished for the day today and made eighty three pips minus twenty two (the only and probably unnecessary loss,...
Hi Alex :-) Congrats! Your 'basic' forex is obviously, very 'good'!
  • #3,188
  • May 19, 2011 7:20am May 19, 2011 7:20am
Well thank you all for your input on the SR levels....now I have another 18 different ways to look at it on top of the 10 I already have
Just kidding......its great to see others perspectives and how you all see it...I think thats why its important to talk with other traders as you aare actually trading.....like we are all doing now.....I dont think we would be as succesful mastering this method on our own and it makes it fun and interesting getting others views and also getting reminded that maybe I am taking shortcuts or looking for something thats not there.....or missing something......great forum......thanks all of you.
  • #3,189
  • May 19, 2011 7:21am May 19, 2011 7:21am
Quoting dazzdude
Hi Alex :-) Congrats! Your 'basic' forex is obviously, very 'good'!
are you having a bit of a dig at me with that??
  • #3,190
  • May 19, 2011 7:23am May 19, 2011 7:23am
US news in 7 minutes for anyone holding positions
  • #3,191
  • May 19, 2011 7:51am May 19, 2011 7:51am
Short on Au.....may be a agressive entry.
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Trade responsiblypatience is the key/Swing trader
  • #3,192
  • Edited 7:57am May 19, 2011 7:54am | Edited 7:57am
Quoting dean
US news in 7 minutes for anyone holding positions
+51 on the USCHF long.
tightend my stop to + 30 in the bag. tp target just under MML

Back on the 4 htf and firt trade = pips

thanks for the news heads up... almost forgot.
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  • #3,193
  • May 19, 2011 7:55am May 19, 2011 7:55am
Hello, People!
This thread has consumed my life for the past 48hrs because now I finally have some hope that I have a possibility of becoming profitable. T'would be nice after 3 years of trading!

Anyway, question is: are we to use the HA candles that were posted with the indicators, ie. "Synergy APB", or do we just use the HA indicator that's built into MT4?
The reason I ask is because someone has mentioned that we are to use the built in ones, but I haven't seen anyone "ratify" that idea yet.

Thanks in advance. Look fwd to trading with you guys!
  • #3,194
  • May 19, 2011 8:09am May 19, 2011 8:09am
Quoting fiore
Hello, People!
This thread has consumed my life for the past 48hrs because now I finally have some hope that I have a possibility of becoming profitable....
welcome to the forum....even i am trading from last three years with no sucess....going live again on monday.
Trade responsiblypatience is the key/Swing trader
  • #3,195
  • May 19, 2011 8:10am May 19, 2011 8:10am
Quoting hawaii5000
..It is really helpful in defining targets (risk:reward) - something traders should think about before getting into any trade.
I think this is a great point, RR is what really makes us profitable.
It doesn't matter if you make 5 pips or 100, what matters is your RR ratio. 5 pip PT with 1 pip SL when risking 2% means a 10% profit for that trade (just an example not suggesting using 1 pip SL ).
Compared with say a 100 pip PT with 100 pip SL, 100 pips is still only 2% profit if it's a 1:1 trade. 100 pips sounds cool but is only cool if R:R is tasty.
A 100 pip TP with a 25 pip SL, now that is sexy.
  • #3,196
  • May 19, 2011 8:12am May 19, 2011 8:12am
Quoting fiore
Hello, People!
This thread has consumed my life for the past 48hrs because now I finally have some hope that I have a possibility of becoming profitable. T'would be nice after 3 years of trading!

Anyway, question is: are we to use the HA candles that were posted with the indicators, ie. "Synergy APB", or do we just use the HA indicator that's built into MT4?
The reason I ask is because someone has mentioned that we are to use the built in ones, but I haven't seen anyone "ratify" that idea yet.

Thanks in advance. Look fwd to trading with...
either one will work. i use the indy bigE posted
  • #3,197
  • May 19, 2011 8:17am May 19, 2011 8:17am
Hello everyone, Just took a short position on the G/U pair. Feedback would be appreciated.
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  • #3,198
  • May 19, 2011 8:22am May 19, 2011 8:22am
Quoting live2wrshp
Hello everyone, Just took a short position on the G/U pair. Feedback would be appreciated.
My chart looks so different then yours.
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Trade responsiblypatience is the key/Swing trader
  • #3,199
  • May 19, 2011 8:22am May 19, 2011 8:22am
Quoting nhen
I think this is a great point, RR is what really makes us profitable.
It doesn't matter if you make 5 pips or 100, what matters is your RR ratio. 5 pip PT with 1 pip SL when risking 2% means a 10% profit for that trade (just an example not suggesting using 1 pip SL ).
Compared with say a 100 pip PT with 100 pip SL, 100 pips is still only 2% profit if it's a 1:1 trade. 100 pips sounds cool but is only cool if R:R is tasty.
A 100 pip TP with a 25 pip SL, now that is sexy.
I COMPLETELY agree. Thats one thing that concerns me about this. Most are putting stop losses behind the last swing high candle which can be say 40 or 50 pips on the one hour chart, but taking 20 or 30 pips. I know this method seems to have a high strike rate but even so....a few losses and your account will gradually dwindle. THis is why I am trying (along with drifter) to come up with some sort of drawdown figure on our trades so we can have a fixed SL with a decent RR. I mean TP of 25 and SL of 25 is cool as long as our strike rate is up around the suggested 80 -85%, but I would prefer the TP to be a little above the SL. Two trades for the price of one would be perfect.
  • #3,200
  • May 19, 2011 8:26am May 19, 2011 8:26am
Quoting live2wrshp
Hello everyone, Just took a short position on the G/U pair. Feedback would be appreciated.
I took that too....going with the trend.....4 hour and daily all agree, everything looked good except price seems to be consolidating a bit if you drop down a chart you can see it....however I was happy to overlook that as the candle was big and the two charts higher agreed with the trend......I say WAS to all of this becasue as soon as I enterd it pulled back and I am now down 12 pips and the bloody tdi has flattened!!
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