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Trading Made Simple

  • #3,321
  • May 20, 2011 5:39am May 20, 2011 5:39am
Quoting arasheed
Hi Incredibble
What is the result of this trade now?
I was stopped out with 10 pips profit

arasheed
closed it on BE
Trade responsiblypatience is the key/Swing trader
  • #3,322
  • May 20, 2011 5:51am May 20, 2011 5:51am
Just thought I'd post a recap on what Eric has said in the past for the newer members to the thread.

Ian


I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas...

Honestly folks... I spent over 2 years refining this method... so it would be simple to understand and easy to trade...Just follow the simple entry rules and TDI exit rules... this isn't brain surgery or rocket science. Just follow what I show you... what I tell you... not what others say that's not within the rules. It's simple and many of you are thinking it can't be this simple so you try to add things and complicate it... that will only lead to your minimum performance or failure...

When you do that you create stumbling blocks for yourself... Plain and simple... if your not making bunches of pips your not following what I and the other key guys have taught you...

The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry...

I don't care what the red TDI line is doing.

Did Stoch's confirm the TDI signal between the 20-80 lines...?

The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus...

If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st two candles...

All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !

To our friends outside the USA....I believe the London Session is the best sesson to trade... The only reason I trade it on the 4hr charts because that's my normal sleep time. I put my S/L at the previous swing hi or low... so if it swings up and down 30 pips let say... I'm unaware of it because I'm sleeping.

If my normal traing hours included the London Session I'd trade it on the 1hr charts. Then I'd trade the first couple of hours on the N.Y session on the 1hr charts too. Then I'd be off the charts until an hour or two before the London
Session...

Put the odds in your favor for success... It's like looking for the best set ups only... odds in your favor again.

---------------------------------------------------------

Ok Dudes & Dudettes....

What's the name of this thread ? Ham & green eggs...ummm... Cat climb a tree... hummm... what, what what.... !

Possibly: Trading Made Simple.... Well we know it's for Traders...
Made Simple... hummm... and it's made simple so most anyone can understand it and it has very simple rules.

I think your biggest problems are understanding BASIC FOREX ISSUES.... like am I in Consolidation, how close is the recent

Sup/Res levels, Is PA candles small and undecided which way to go.., was it a strong reversal last time or only 1 or two

candles... things like this which has nothing to do with our method. Those things are Basic Things every trader has to

learn before trading a new method. So when you failed to make a profit because you don't know those things ahead of time...

well, it must be a bad method... Not...

So I want those who consider themselves having more than 1-3 years experience to point out those important Basics using a

chart which is marked up and why those things are important to consider before entering a trade. Just discuss a few things

per post... that way you have time to think about what you want to discuss and find a chart for examples... Then keep posting other charts...

It will re-inforce it for you and help teach everyone newer on the thread...

You guys/gals are making some great trades with lots of success... and I'm proud of you all...

Thanks.... Big E
  • #3,323
  • May 20, 2011 6:06am May 20, 2011 6:06am
Short on Au
Attached Image
Trade responsiblypatience is the key/Swing trader
  • #3,324
  • May 20, 2011 6:25am May 20, 2011 6:25am
Like to thank all that commented on my charts and post today you have been a big help. I now see were things may have been going wrong for me and making a few changes has made it all look different. I was in the 100's of pips down, now calling it a night up over 200 pips all in a few hours.
Thanks
and a big thank you to big E get well soon
  • #3,325
  • May 20, 2011 6:36am May 20, 2011 6:36am
short eu .42508 +36 4 HTF

Heading to support line 1.42

Trading only 4HTF only after quite a few loss trades on 1HTF

So far 2 trades 2 wins
  • #3,326
  • Edited 7:18am May 20, 2011 6:57am | Edited 7:18am
Did anyone take the short on the GBP/USD ?????

ok where did i go wrong trade seem to be going against me ?????
Attached Image (click to enlarge)
Click to Enlarge Name: p1.gif Size: 112 KB
  • #3,327
  • May 20, 2011 7:08am May 20, 2011 7:08am
eu/chf 4h +50pips. just enough for Friday
should to go out , and can't monitoring that trade. so closed a bit early
Attached Image (click to enlarge)
Click to Enlarge Name: euch4h.png Size: 38 KB
  • #3,328
  • May 20, 2011 7:28am May 20, 2011 7:28am
Quoting tmax
Did anyone take the short on the GBP/USD ?????

ok where did i go wrong trade seem to be going against me ?????
GBP has now even moved all day? I dont know which time frame are u using but my charts says there is no buy or sell on GBP.
Trade responsiblypatience is the key/Swing trader
  • #3,329
  • May 20, 2011 7:30am May 20, 2011 7:30am
Quoting Incrediblle
GBP has now even moved all day? I dont know which time frame are u using but my charts says there is no buy or sell on GBP.

its on the one hour tf and it crossed down and i got in on the second candle
  • #3,330
  • May 20, 2011 7:42am May 20, 2011 7:42am
Quoting tmax
its on the one hour tf and it crossed down and i got in on the second candle
here is my chart and i dont see any crosing of TDI
Attached Image
Trade responsiblypatience is the key/Swing trader
  • #3,331
  • May 20, 2011 7:51am May 20, 2011 7:51am
Quoting Incrediblle
here is my chart and i dont see any crosing of TDI
Hi Incredible,

I like your charts.

Can you share the indicators you are using (Pivot, Magnified Price, Arrows on cross)?

Many thanks
  • #3,332
  • May 20, 2011 7:59am May 20, 2011 7:59am
Quoting Incrediblle
here is my chart and i dont see any crosing of TDI

yours shows a crossing but just went flat or am i missing something on the meaning of the tdi crossing????
  • #3,333
  • May 20, 2011 8:06am May 20, 2011 8:06am
Quoting pipsdailycom
Hi Incredible,

I like your charts.

Can you share the indicators you are using (Pivot, Magnified Price, Arrows on cross)?

Many thanks
here are my Indis....arrows are fractals...
Attached File(s)
File Type: mq4 ###Auto Pivot2.mq4   16 KB | 830 downloads
File Type: mq4 Magnified Market Price.mq4   1 KB | 774 downloads
Trade responsiblypatience is the key/Swing trader
  • #3,334
  • May 20, 2011 8:10am May 20, 2011 8:10am
My trade station looks like this....
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 65 KB
Trade responsiblypatience is the key/Swing trader
  • #3,335
  • May 20, 2011 8:16am May 20, 2011 8:16am
After using the method, it's so nice!
Attached Image
  • #3,336
  • May 20, 2011 8:17am May 20, 2011 8:17am
Quoting Incrediblle
here is my chart and i dont see any crosing of TDI
Am I missing something or I see TDI down cross one hour ago on your chart?
(The candle before the last one). Yes, it went flat but there is a cross.

I took the same trade, had to go out for an hour and so and now I am some -30 pips :-)
Attached Image
Bah...
  • #3,337
  • May 20, 2011 8:22am May 20, 2011 8:22am
Quoting plamendp
Am I missing something or I see TDI down cross one hour ago on your chart?
(The candle before the last one). Yes, it went flat but there is a cross.

I took the same trade, had to go out for an hour and so and now I am some -30 pips :-)
I think if u look again to the post of big E you will find we just take trade on TDI when its showing particular angle.

Long-12 or 2 (clock wise)

short-4 or 6 (clock wise)

trade which u have taken is almost flat...even if u see at daily candle its really small.
Trade responsiblypatience is the key/Swing trader
  • #3,338
  • May 20, 2011 8:24am May 20, 2011 8:24am
Quoting plamendp
Am I missing something or I see TDI down cross one hour ago on your chart?
(The candle before the last one). Yes, it went flat but there is a cross.

I took the same trade, had to go out for an hour and so and now I am some -30 pips :-)
did you look to the left and see any support? was it a good opportunity or a risky on?

Ian
  • #3,339
  • May 20, 2011 8:24am May 20, 2011 8:24am
Quoting Incrediblle
I think if u look again to the post of big E you will find we just take trade on TDI when its showing particular angle.

Long-12 or 2 (clock wise)

short-4 or 6 (clock wise)

trade which u have taken is almost flat...even if u see at daily candle its really small.

oh thats right forgot that piece of the puzzle thank you for the reminder
  • #3,340
  • May 20, 2011 8:26am May 20, 2011 8:26am
Quoting tmax
Did anyone take the short on the GBP/USD ?????

ok where did i go wrong trade seem to be going against me ?????
Tmax - are those HA candles on the GU chart?

ian
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