For anyone who like to find good information charting and forex... Check it out.
http://www.investopedia.com/articles/forex/11/most-used-forex-patterns.asp
http://www.investopedia.com/articles/forex/11/most-used-forex-patterns.asp
Trading Made Simple the right way, and other trading lessons 332 replies
Monitor for 'Trading Made Simple' system 563 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
DislikedI'm seeing this as well. Looks like a good trading opportunity to me.Ignored
DislikedOne thing I would be careful about is the that the stoch is already down at the 20 line. It may be at the end of its run real soon. I'm not saying don't take the trade, but I'd be watching it like a hawk.Ignored
DislikedYes I agree, but I asked Ellfranz, a while back, about after it crosses the 20 and 80......
On the Stoch's... if the line is outside the 20-80 lines... I completely ignore it...Ignored
DislikedHi Guys,
i need a favour please, im having trouble with my chart and my broker. can someone please take a snapshot of the GU H1 please and pm it to me
ThanksIgnored
DislikedYep the candles are numbered after the colour change or reversal. See post 949 to confirm. I asked this earlier as there seemd to be confusion about what is candle 1.
Candle 1 is the first candle that has change colour or reversed. CHeck for candle colour change then check tdi for cross.Ignored
DislikedI am seeing the G/U as a daily long entry. Does anybody see anything that I haven't? TDI & stochs line up & as an added bonus it closed above the MA. Thanks in advance for any input.Ignored
Dislikedcan you guys comment on how i'm using the system? I use the 4H and daily charts primarily
I let the trades ride and not automatically take profit once I'm up 10-30 pips. I feel doing so skews the risk:rewards of the system for the 4H. I think taking small profits using a 4H chart would be wrong, but I see a lot of traders taking small profits or are these for the smaller time frames?.
As an example, I shorted eu 12am...Ignored
DislikedI was wondering about that too. I thought part of the reason for trading the longer time frames was to catch longer runs & not have to watch.Ignored
Dislikedcan you guys comment on how i'm using the system? I use the 4H and daily charts primarily
I let the trades ride and not automatically take profit once I'm up 10-30 pips. I feel doing so skews the risk:rewards of the system for the 4H. I think taking small profits using a 4H chart would be wrong, but I see a lot of traders taking small profits or are these for the smaller time frames?.
As an example, I shorted eu 12am at 1.4157 est but had to close it at 8am est for a small loss at 1.4180. I was up around 40pips at a certain point but it wasn't...Ignored
DislikedI was wondering about that too. I thought part of the reason for trading the longer time frames was to catch longer runs & not have to watch.Ignored