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Trading Made Simple

  • #3,581
  • May 23, 2011 8:18am May 23, 2011 8:18am
Quoting sleewc
Sorry for EU I did enter by 1hr chart.

But for GU, and AU there are set up, can refer the attached.
I dont see any set up on either GU or AU on the 4 hour chart?? what are you seeing?
  • #3,582
  • May 23, 2011 8:24am May 23, 2011 8:24am
Quoting Incrediblle
I have missed those checklist can u please repost it?
Ok..I've copped some criticism for this checklist but a few inclusing myself find it handy to assess trade entries. This checklist is what I use as my trade assessment....IF you wish to use it, feel free, but please dont take it as my attempt to change any rules or methods. Its simply what I think is pertinent to check and for me it works.
I am reposting it becasue you asked, I am not trying to offend, confuse or annoy anyone, just trying to help.
NOTE: I have updated this for all you guys that use it.
Attached File(s)
File Type: xls TDI trade check.xls   229 KB | 1,490 downloads
  • #3,583
  • May 23, 2011 8:27am May 23, 2011 8:27am
So this morning I got up at the london open for the first time, thinking I was going to put in a trade and go back to bed for a bit... Then I ran into a problem that if I would done some simple addition before I went to bed, I wouldn't have ran into... That being, I don't have a candle that closes at 2am cst. In fact, I have a 4 hr candle that runs from midnight to 4am. So, what I am getting at I guess, is 1. Does anyone else have this problem, and 2. If you do, do you still place a trade at 2am or wait until the candle closes?
  • #3,584
  • May 23, 2011 8:27am May 23, 2011 8:27am
Quoting dean
Ok..I've copped some criticism for this checklist but a few inclusing myself find it handy to assess trade entries. This checklist is what I use as my trade assessment....IF you wish to use it, feel free, but please dont take it as my attempt to change any rules or methods. Its simply what I think is pertinent to check and for me it works.
I am reposting it becasue you asked, I am not trying to offend, confuse or annoy anyone, just trying to help.
NOTE: I have updated this for all you guys that use it.
Sure Thanx mate
Trade responsiblypatience is the key/Swing trader
  • #3,585
  • May 23, 2011 8:37am May 23, 2011 8:37am
Quoting Nate04
So this morning I got up at the london open for the first time, thinking I was going to put in a trade and go back to bed for a bit... Then I ran into a problem that if I would done some simple addition before I went to bed, I wouldn't have ran into... That being, I don't have a candle that closes at 2am cst. In fact, I have a 4 hr candle that runs from midnight to 4am. So, what I am getting at I guess, is 1. Does anyone else have this problem, and 2. If you do, do you still place a trade at 2am or wait until the candle closes?
Trade entries are supposed to be assessed at the opening of a new candle and only worth assessing if the tdi green has actually crossed the red
  • #3,586
  • May 23, 2011 8:40am May 23, 2011 8:40am
Quoting dean
I dont see any set up on either GU or AU on the 4 hour chart?? what are you seeing?
What I was seeing, attached on the post, if you can't see anything, then is ok.
  • #3,587
  • May 23, 2011 8:40am May 23, 2011 8:40am
Quoting dean
Trade entries are supposed to be assessed at the opening of a new candle and only worth assessing if the tdi green has actually crossed the red
Both these trades we should be just exiting because of flat 4H TDI Green.
  • #3,588
  • May 23, 2011 8:42am May 23, 2011 8:42am
correct Mary, nothing to do with a checklist, here is a copy of the post in question by Dean:

"I am a newbie pretty much. Been unsuccesfully trading for a year. Have blown 4 accounts, paid for 3 different forex trading courses, blown over 20 thousand dollars (small for some but I dont make much hence me seeking something other than my normal work), and been through a divorce.....all thanks to my insatiable desire to trade forex. I am a reasonably intelligent man and my gazillion mistakes have at least allowed me to understand the basic concepts. I have been through the myriad of systems and tried to alter this and that to siut my style and ultimately every time I end up confused and my brain muddled with the dreadfully dangerous information out there. I was taught (badly) on small time frames..5 minute charts. I have had some success but mostly taken 3 steps forward and 5 back.....every time. I have sat in front of my computer actually feeling the thump of my heartbeat as I watch the price put me in the cash one minute and take it the next. I have spent countless hours just watching and trading (again badly) and I can honestly say it is actually taking its toll on me both mentally and physically....the anxiety constantly gives me indigestion (something I hav never suffered from prior).On the verge of giving up completely I came across this thread. In some ways I feel I have come too far and given it too much to quit, but its not in my nature so I really want to give this method a go. Forgive my whine...I know you have all probably heard it all before but its only meaningful to other traders.....wives, girlfriends and friends who are unaware of trading dont understand and I know its healthy to talk with like minded people. Anyway.....I have made the decision to quit small time frames and have a go at this. So sorry for my rant and thank you for what could hopefully be some moderate but consistent success with my trading. I dont need millions....just consistency.
I will have many other questions as I go but my first is this....Is this a correct setup?? WOuld I enter this immediately??
ALso....I havent had the chance to read ALL the posts, so has someone written out a step by step guide?? as in combined all the information so entry and exits can be mechanised.....I find the less thought that has to go into your entry the less mistakes can be made.
Thank you again to everybody.....especially the ones bored enough to get to the bottom of my rant"

Just a tip on who to ignore in this thread due to lack of experience. If u follow mediocrity you become mediocre.
  • #3,589
  • May 23, 2011 8:45am May 23, 2011 8:45am
Rascal - move on, your not welcome on here.
  • #3,590
  • May 23, 2011 8:46am May 23, 2011 8:46am
Quoting dean
Trade entries are supposed to be assessed at the opening of a new candle and only worth assessing if the tdi green has actually crossed the red
Thats what I thought... hmmm. Ok, back to the drawing board for me I guess.
  • #3,591
  • May 23, 2011 8:48am May 23, 2011 8:48am
Quoting dean
Ok..I've copped some criticism for this checklist but a few inclusing myself find it handy to assess trade entries. This checklist is what I use as my trade assessment....IF you wish to use it, feel free, but please dont take it as my attempt to change any rules or methods. Its simply what I think is pertinent to check and for me it works.
I am reposting it becasue you asked, I am not trying to offend, confuse or annoy anyone, just trying to help.
NOTE: I have updated this for all you guys that use it.

Thanks Dean!
  • #3,592
  • May 23, 2011 8:51am May 23, 2011 8:51am
Quoting rascal
correct Mary, nothing to do with a checklist, here is a copy of the post in question by Dean:

[color=#000000][font=Times New Roman][size=3]"I am a newbie pretty much. Been unsuccesfully...
Man!
OMG!
I thought we spread positive manner here, on the thread!
The Thread Starter of this thread is suffer now for his ill, but to spread more negative habbit in this thread will hurt him more! Think that !!!
I've been a silent reader of this thread but I don't like a positive atmosphere is hijacked by the negative manner here!

Please, I need to learn the method, just the method and not negative manner!!!

Thanks !
  • #3,593
  • May 23, 2011 8:54am May 23, 2011 8:54am
It's disrespectful to BigE and Dean and its not welcome on here. Lets get back on topic and forget this crap.

  • #3,594
  • May 23, 2011 8:59am May 23, 2011 8:59am
Yep I cant help but feel responsible here. I am not embarassed to admit that I have limited experience.....thats exactly why I am here...its also why everybody else is here whether experienced or not.
So lets get on with this team environment we have going and get back onto trading and helping each other out with whatever mistakes we are making and generally supporting each other.
We are a team guys, lets just ignore this peanut and get on with it.
Who's got a trade on??
  • #3,595
  • May 23, 2011 9:01am May 23, 2011 9:01am
Spot on Dean, yes I am short AUD/CAD on 4hr
  • #3,596
  • May 23, 2011 9:03am May 23, 2011 9:03am
Team,

Eeelfranze stated that he begins his set-ups on the 4hr candle that forms at 1am EST on FXDD. However, the London session doesn't begin until 3am EST. So, in effect, he has open orders when the session begins while he's asleep.

Are there typically spikes or erratic behavior at session openings or is it more of a rise in volume with a continuation of established trends? Didn't know if this is why he tends to stay away from TP and SL.

Thanks!
  • #3,597
  • May 23, 2011 9:11am May 23, 2011 9:11am
Any thoughts on a long AUD/USD on 1hr?
  • #3,598
  • May 23, 2011 9:18am May 23, 2011 9:18am
Quoting dean
Yep I cant help but feel responsible here. I am not embarassed to admit that I have limited experience.....thats exactly why I am here...its also why everybody else is here whether experienced or not.
So lets get on with this team environment we have going and get back onto trading and helping each other out with whatever mistakes we are making and generally supporting each other.
We are a team guys, lets just ignore this peanut and get on with it.
Who's got a trade on??
Dean ignore what ;o)
  • #3,599
  • May 23, 2011 9:19am May 23, 2011 9:19am
Quoting aren
how is the trade?it's 20 pips now.

after many tries i think i have found a good trading method
with this thread
2 trades long on EURUSD +30 +15
my aim is to make 10-20 pips /day
so this system seems good
kino
  • #3,600
  • May 23, 2011 9:19am May 23, 2011 9:19am
Quoting Purplerain
Any thoughts on a long AUD/USD on 1hr?
Tiny candle and it just turned red on mychart and tdi flat
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