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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #4,021
  • May 26, 2011 3:20pm May 26, 2011 3:20pm
TDI is a good indicator, nothing from other world, and It is good because TDI red and green crosses is nothing more than stochastic crosses with different settings, but as I said stochastic is one of the very few good indicators there are, also It is a very good move to trade higher time frames, because if you trade with lower time frames you are trading only with markets noise.
Indicators always obey Price, not the other way.
  • #4,022
  • May 26, 2011 3:35pm May 26, 2011 3:35pm
preparing for new daily candles
let see what next daily candles will bring us
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  • #4,023
  • May 26, 2011 4:03pm May 26, 2011 4:03pm
2 daily trades started
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  • #4,024
  • May 26, 2011 4:24pm May 26, 2011 4:24pm
Quoting olegy
2 daily trades started
Good find. I'll be putting in the same 2 trades.
  • #4,025
  • May 26, 2011 4:29pm May 26, 2011 4:29pm
Quoting maxtrader
TDI is a good indicator, nothing from other world, and It is good because TDI red and green crosses is nothing more than stochastic crosses with different settings, but as I said stochastic is one of the very few good indicators there are, also It is a very good move to trade higher time frames, because if you trade with lower time frames you are trading only with markets noise.
not exactly...tdi as we trade it is moving averages of rsi 13
  • #4,026
  • May 26, 2011 4:35pm May 26, 2011 4:35pm
What happened to eelfranz? , looks like he has not been in the room for a while, i'm wondering if he has any updates on his system


thanks
  • #4,027
  • May 26, 2011 4:40pm May 26, 2011 4:40pm
Quoting olegy
2 daily trades started
What SL do you use on daily charts? Thanks
  • #4,028
  • May 26, 2011 4:45pm May 26, 2011 4:45pm
Quoting Browserguy
Thanks, Juls

Live testing results using E's methodology to the letter is where I'm most interested.

If I may ask, what percentage of the trades fell under the following-

1-Carried all the way to the NY session open (3 total candles)
2-TP at the middle candle
3-Took loss at middle candle due to tweaking/reversing TDI

Thanks!
Sorry for the late reply,

1. 5 trades
2. 5 trades also (if they were over 55 pips i closed them, my rules only)
3. 4 trades, 2 were for a small loss and 2 were just over break even (3 pips etc)


Hope this helps mate......
Juls.
  • #4,029
  • May 26, 2011 4:45pm May 26, 2011 4:45pm
Quoting pcguy007
What happened to eelfranz? , looks like he has not been in the room for a while, i'm wondering if he has any updates on his system


thanks
Read post #2631 on page 176
  • #4,030
  • May 26, 2011 4:57pm May 26, 2011 4:57pm
sorry for the delay, bed time here in Oz. The TP for me is discretionary, playing around with SL is a work in progress as I said, when I get to about 25 pips in profit I've been setting a trailing SL of 21 pips but often retraces at least that amount so get stopped out for a small profit (hence the multiple 10 to 20 wins (of my 41 trades since Tuesday last week 26 have been less than 20 pips profit and 4 losses on top). SL is obviously a whole topic on itself and very individual judging from the posts on this forum at least.

Alex
  • #4,031
  • May 26, 2011 5:06pm May 26, 2011 5:06pm
Interestingly tomorrow is another day here as well !!

Alex
  • #4,032
  • May 26, 2011 5:37pm May 26, 2011 5:37pm
Quoting XxLessoxX
not exactly...tdi as we trade it is moving averages of rsi 13

Maybe, but It is also exactly the same as stochastic 14,3,3 smoothed, and rsi is also an oscillator like the stochastic.
Indicators always obey Price, not the other way.
  • #4,033
  • May 26, 2011 5:43pm May 26, 2011 5:43pm
Quoting peterporter
Sorry I am being a bit lazy
On page 1 ellfranz says he CLOSES ALL TRADES at around 6.00 am Pacific Time

Now if we are using the rule for example of "exit when the TDI goes flat" and we are on 4H , which rule is more important ???
Close all trades at 600am or go flat , sounds like close all trades is more as he underlines it like is a set rule.

I have a basket of trades for example all based on this great system and am up 200 pips just today alone
So the basket is good for me yeh, so, I can treat this as one big trade and set an EA to close...
DONT CLOSE THEM...he only closes because it suits his lifestyle, nothing more. Use the tdi, especially if you are well into profit...Lock as much as you can in and let some ride keeping an eye on the tdi and PA
  • #4,034
  • May 26, 2011 5:51pm May 26, 2011 5:51pm
Quoting PreetEnzo
What SL do you use on daily charts? Thanks
swing high or low or ATR
  • #4,035
  • May 26, 2011 7:00pm May 26, 2011 7:00pm
Quoting olegy
swing high or low or ATR

Hey Olegy, I just have to ask. Are you saying that your SL on that AU daily long is at 200 pipers, or what setting do you have your ATR ? ATR @ 14 is @ 60 on my daily.

Also, are you still hanging on to your Swissie? Or did you cash in with it being in a 10pip range for the last damn 6 hours...I think I'm getting out personal..but if your letting it ride, aren't you worried about any over exposer.

Finally, good catch on your trades today to. Are you entering at the 5min TF, as I am , or as soon as the candle confirms the cross.

Thank, I got a bit of wind in me today...LOL

Good Luck!
  • #4,036
  • May 26, 2011 9:32pm May 26, 2011 9:32pm
Can you please post the candle indy showing on the upper right corner of your chart? is it candletime??
thanks in advance
  • #4,037
  • Edited 10:25pm May 26, 2011 9:39pm | Edited 10:25pm
Quoting Nate04
Good find. I'll be putting in the same 2 trades.
I almost hate admitting this, but I just closed my trades. I hate admitting this because I told myself I wasn't even going to look at them until tomorrow...

Now the reasons why... I wanted to enjoy my Friday without worrying about the trade, and more importantly, I got 60 pips profits in a couple of hours time. I'm sure the will both go for more pips tomorrow. But I just can't turn away 60 pips.
  • #4,038
  • May 26, 2011 10:03pm May 26, 2011 10:03pm
Oh, also... eelfranz, if your checking your masterpiece of a thread... Hope your doing well. Can't wait to see you back in here.
  • #4,039
  • May 26, 2011 10:18pm May 26, 2011 10:18pm
Has anyone heard from BigE?? I know a few people following this thread have direct contact with him. Can anyone tell us if he is ok?? Its very concerning now that it has been a couple of weeks. Would be nice to hear he is ok.
  • #4,040
  • May 26, 2011 10:27pm May 26, 2011 10:27pm
does anyone trade this system using the 15 min or 30 min charts, if so how successful has it been.
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