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Trading Made Simple

  • #3,521
  • May 23, 2011 3:33am May 23, 2011 3:33am
Quoting mackaozy
Yes mate, I only put it on my chart over the weekend though, so haven't yet seen how effective it is. I still use TDI or getting out or when I have hit a profit target for exits.

I just made 8% of my account selling the Yen. Just trying to compound the hell outta my account... So that's me for the day. I'm not over trading like I did last week that's my weakness lol
Yeah I need it more to speed up my assessment process. It can become a little bit confusing trying to spot SR levels once you have been looking at the screen a lot....
  • #3,522
  • May 23, 2011 3:41am May 23, 2011 3:41am
Quoting Incrediblle
which time frame are u talking about? 1 hr TDI is absulately flat?


ps:guys pls mentioned your time frame in every post,makes it easy to scan.
sorry...shouldve mentioned 4hr tf.
  • #3,523
  • May 23, 2011 3:44am May 23, 2011 3:44am
Quoting plamendp
Took this short one.
Hi plamendp

Have already picked up 75 pips since last night with the help of your indie

I have gone short on USDJPY but at the moment does not have legs
I question of just waiting here , Anyway its only Monday

PS I like just looking for the cross as a start then analysing more afterwards
  • #3,524
  • May 23, 2011 3:50am May 23, 2011 3:50am
Quoting XxLessoxX
Saw the same thing...put in trade. Also gu, au,an valid setups on my charts..edit forgot uj
aj sell stop triggered..tp of 50 pips triggered,
gu sell stop triggered..tp of 50 pips triggered,
au sell stop triggered, manually closed on no momentum at 3.5+,
uj buy stop not triggered.

so, while i slept plus 103.5 pips, could i have gotten more? yes but not much more, the 50 pip tp is safe enough while i slept and the 40 pip sl was never looked at on any pair. I dont take 103.5 pips lightly...the score for this week is LESSO 103.5, forex market 0
  • #3,525
  • May 23, 2011 3:51am May 23, 2011 3:51am
Quoting dean
on your 4 hour chart?? have you done the average on the one hour??
hi dean no average on the 1 hour sorry i dont even look at the 1 hours charts.. it makes me nervous. the averages are on the 4 hour time frame and i did 240 individual cross hair measure so i won't volunteer to do the 1 hour

Murry Math lines
They are basicly lines measured in 8ths denoting S&R. they are spookily accurate. with some indis you have to referesh the charts every few hours so beware.

Heres the indi i use. NOTE this indi is not being added to this system so please don't ban ME...
Attached File(s)
File Type: mq4 MML_Multi_Option_v1.24.mq4   29 KB | 818 downloads
  • #3,526
  • May 23, 2011 3:57am May 23, 2011 3:57am
Quoting XxLessoxX
aj sell stop triggered..tp of 50 pips triggered,
gu sell stop triggered..tp of 50 pips triggered,
au sell stop triggered, manually closed on no momentum at 3.5+,
uj buy stop not triggered.

so, while i slept plus 103.5 pips, could i have gotten more? yes but not much more, the 50 pip tp is safe enough while i slept and the 40 pip sl was never looked at on any pair. I dont take 103.5 pips lightly...the score for this week is LESSO 103.5, forex market 0
LOL - "slapped the crap out of it" - as per the Big E method.
  • #3,527
  • May 23, 2011 4:07am May 23, 2011 4:07am
Quoting courtneywild
hi dean no average on the 1 hour sorry i dont even look at the 1 hours charts.. it makes me nervous. the averages are on the 4 hour time frame and i did 240 individual cross hair measure so i won't volunteer to do the 1 hour

Murry Math lines
They are basicly lines measured in 8ths denoting S&R. they are spookily accurate. with some indis you have to referesh the charts every few hours so beware.

Heres the indi i use. NOTE this indi is not being added to this system so please don't ban ME...
Thank you for that
  • #3,528
  • May 23, 2011 4:09am May 23, 2011 4:09am
Quoting Ferod
Hi friend. I did download this indicator but I can't get make work it. Thanks
Please PM me to discuss it outside the thread. Thanks! (I was unable to send you one for some reason).
Bah...
  • #3,529
  • May 23, 2011 4:21am May 23, 2011 4:21am
Quoting plamendp
Took this short one.
sorry my mistake i thought its GBPUSD
Trade responsiblypatience is the key/Swing trader
  • #3,530
  • May 23, 2011 4:26am May 23, 2011 4:26am
Quoting hawaii5000
LOL - "slapped the crap out of it" - as per the Big E method.
lol... i see no trades set up...going back to bed...its too damn early here
  • #3,531
  • May 23, 2011 4:27am May 23, 2011 4:27am
Quoting Incrediblle
Demo result of 4 days trading with this method....
very interesting but i don't see any Stop Loss ?
do you have a suggestion ? 10 15 20 pips ?
kino
  • #3,532
  • May 23, 2011 4:28am May 23, 2011 4:28am
Quoting hawaii5000
LOL - "slapped the crap out of it" - as per the Big E method.
Big thanks for the help / comments last week sure made a big improvement. today so far just over 100 pips closed trades and 260 still running and the night is only starting. I still need to work on cutting the losses down. bail out a bit sooner on the loss trades. Also keeping to the 4h charts and a quick look at 1h some times before entry
I also stopped using Trade station charts and went back to mt4 and just put the trades on my Trade station . (demo trading for now)
  • #3,533
  • May 23, 2011 4:30am May 23, 2011 4:30am
Quoting kinonen
very interesting but i don't see any Stop Loss ?
do you have a suggestion ? 10 15 20 pips ?
kino
I monitor trades manually...but if i am going out or some thing i put stop loss may be 20-30-50 pips.not more then that.
Trade responsiblypatience is the key/Swing trader
  • #3,534
  • May 23, 2011 4:32am May 23, 2011 4:32am
i'd like to know if i followed the rules correctly, shorted gbpusd on the first big red candle (the one which closed at 1.6161), thanks!
  • #3,535
  • May 23, 2011 4:36am May 23, 2011 4:36am
Original Quote by Plamendp :
"Slope: 3.2 X" : Current bar's slope. "X" means it is making a cross at the moment.

"Previous: 4.4" : The slope of the previous bar. This is the bar we are making our decision on (cross, slope etc.). If you see an "X", there is a cross!

Aqua color means UP, Red color means Down.

"x6.4" : this is a reminder/note that histogram is scaled up by this number just for better vizualization (you can change it). Since I think the minimum slope is 5.0 I divide 32 by 5 = 6.4. This way, Slope of 5 coincides with 32 level of the TDI, hence a better visual warning that slope is getting beyond 5.

Hint: I recommend turning off the histogram unless you are checking/testing the past behaviour. This is to keep the screen clean"



I'm sorry for my stupid.
I can not understand this post, perhaps my bad english.
Can someone explain in clear, how to interpret the number of the slope in relation with Buy Trigger and Sell trigger? (the relation between that slope number with to buy when TDI pointing to 12-2, or Sell when TDI pointing to 4-6?).

Thanks before
  • #3,536
  • May 23, 2011 4:43am May 23, 2011 4:43am
one of the best ways to set up a sl would be to take 1/2 of the ATR
  • #3,537
  • May 23, 2011 4:49am May 23, 2011 4:49am
Hi All,

Hope all doing good with this system. I just joined the thread and i using the indicators in Page 2/Post 25. Please let me know if there are any updates. Also what pairs you all trading. Any suggestion will be a good help for me.

Have a great day.
  • #3,538
  • May 23, 2011 4:52am May 23, 2011 4:52am
anyone fancy the potential USD/CAD short on 1h ?
  • #3,539
  • May 23, 2011 4:55am May 23, 2011 4:55am
Quoting mbah_sangkil
[i][font=&quot]Original Quote by Plamendp :
"Slope: 3.2 X" : Current bar's slope. "X" means it is making a cross at the moment.

"Previous: 4.4" : The slope of the previous bar. This is the bar we are making our decision on (cross, slope etc.). If you see an "X", there is a cross!

Aqua color means UP, Red color means Down.

"x6.4" : this is a reminder/note that histogram is scaled up by this number just for better vizualization (you can change it). Since I think the minimum slope is 5.0 I divide 32 by 5 = 6.4. This way, Slope...
I was trying to find some clear, numerical representaion of the "12-2" and "4-6" slope required to validate the cross, because it (the visual position/direction) depends on how much you stretch the chart in and out. And I personally found out (this is only me! this is not defined by Big E and he can slap me for this :-) that a slope of 5 RSI units per candle (up or down) is the slope that defines it to be "12-2" or "4-6" slope.

You don't need an indicator for this. Just substract new and old Green Line levels and if you get more than 5 (or whatever number you THINK is good) you have a good slope. Good = 12-2/4-6.

Again, I still stick to 12-2/4-6 definition as it is defined by Big E, but as it appear to be a crucial factor (learned from experience) I do need an objective assessment of the steepness. And here it is: the 5. I challenge other guys here to try to find the best number, is it 5 or not. I might be wrong.
Bah...
  • #3,540
  • May 23, 2011 5:00am May 23, 2011 5:00am
Quoting peterporter
Interesting ,
hasnt crossed for me yet , against the trend and weak momentum
Whats your reasons for that one

stochs and TMS in overbought.

doji candle

may be a nice pull back, may wait for more downward momentum though
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