Trading Made Simple | Page 204 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #4,061
  • May 27, 2011 2:36am May 27, 2011 2:36am
Just an idea. I did NOT enter (see the picture why I stay aside: resistense) but it deserves some analysis:
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-d1-setup.gif Size: 37 KB
Bah...
  • #4,062
  • May 27, 2011 2:57am May 27, 2011 2:57am
I can just imagine BigE's first post back, its not going to be pretty, just use my ?!@$$ template! Keep it simple, follow the rules I gave you.

On a serious note I think TDI's that have extra features like Plamens but that closely match the speed and core settings of BigE's are fine. Talk of faster TDI, TDI's that constantly repaint/refresh etc is stepping away from the method IMHO.
  • #4,063
  • Edited 3:23am May 27, 2011 3:03am | Edited 3:23am
Quoting plamendp
Just an idea. I did NOT enter (see the picture why I stay aside: resistense) but it deserves some analysis:
I passed because of the resistence too, i've learnt my lesson on trading on or near resistence.
  • #4,064
  • May 27, 2011 3:42am May 27, 2011 3:42am
Hi, I made some mistakes or it's correct?

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: errore?.png Size: 233 KB
  • #4,065
  • Edited 4:26am May 27, 2011 4:03am | Edited 4:26am
No I took the same one (but I got stung for more pips). I guess PA was a little choppy and the setup candle could have been a little stronger.

Resistence was about 40-50 pips away so all in it looked an OK (ish) setup. Maybe as BigE says pass on these iffy ones.

He mentioned the shape he looks for is the classic "rollercoaster" shape (a steep move, a flattening and then the price starting to go the other way). Some of my best trading was when I was pretty much purely looking for this shape and trading the TDI crosses.

Whilst the chart on this trade wasn't that flat I still I think we need to read small moves with a choppy sequence of 2/3 candles up or down as an indecisive market = trade with caution.
  • #4,066
  • Edited 4:24am May 27, 2011 4:23am | Edited 4:24am
Took short trade. Lets see if I can end this week without a loss :-)
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-h1-short.gif Size: 34 KB
Bah...
  • #4,067
  • May 27, 2011 4:23am May 27, 2011 4:23am
Right there with you Scoops in regards to the tdi etc
WHat do you guys think of this....looks to be a good looking setup next candle eh....or maybe even later in this one....it looks to me as the tdi has crossed??
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 176 KB
  • #4,068
  • May 27, 2011 4:28am May 27, 2011 4:28am
I need it Dean my last trade was a stinker
  • #4,069
  • May 27, 2011 4:37am May 27, 2011 4:37am
Quoting dean
Right there with you Scoops in regards to the tdi etc
WHat do you guys think of this....looks to be a good looking setup next candle eh....or maybe even later in this one....it looks to me as the tdi has crossed??
It is really tough and controversial. I'd stay aside for peace of mind during the weekend :-)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd-h4.gif Size: 37 KB
Click to Enlarge Name: audusd-d1.gif Size: 34 KB
Bah...
  • #4,070
  • May 27, 2011 4:47am May 27, 2011 4:47am
Quoting plamendp
It is really tough and controversial. I'd stay aside for peace of mind during the weekend :-)
My view is this....the daily to me looks in a downtrend and this is a pullback. The last two pullbacks on the daily have been 2 candles then 3 candles consecutively. I agree that the daily tdi and stochs are opposing but I am not trading the daily. To me the 4 hour short looks good to me becasue my view is it is in line with the daily down trend. It is also Friday when traders tend to be averse to riskier currencies such as the AUD and also the US market opening usually swings it and I am thinking it will swing it more towards a stronger US dollar. However...there is news out at 10.30 so who knows. Look at the chart I posted, its not doctored....my tdi has just crossed. Maybe my broker is different to yours. Yes the candle is small, and unless it got a lot bigger I wouldnt trade....but the tdi angle looks great as does my stoch, but it may be different by the next candle. Either way it was just a suggestion to keep your eye on it.....and 2scoops....I apologise for having no pity for your bad trade.....I have had an absolute shocking week of going backwards this week....until I worked out that new tdi had completely changed the way I was seeing trades. Hopefully back to normal next week.
  • #4,071
  • May 27, 2011 4:49am May 27, 2011 4:49am
Quoting plamendp
It is really tough and controversial. I'd stay aside for peace of mind during the weekend :-)
Just looked at your chart again...we have different brokers....my chart tells me I have 3 hours and 10 minutes until the next 4 hour candle
  • #4,072
  • May 27, 2011 4:49am May 27, 2011 4:49am
Quoting plamendp
Here it is. Added some color options as requested. Histogram is OFF by default for eye protection :-)

Plamen

Edit: I added an option to allow repainting (making the last TDI leg "freeze" until the next bar is open). This is to make it equal by behaviour to Big E original TDI Reg Green.
Thanks plamen to you and the others for your great additions. I get this annoying overlapping of text and that straight pink line, as you see in the picture. It's not just the size of the window though, as it happens if the window is maximized as well. Any suggestion?
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-05-27_1044_001.png Size: 35 KB
  • #4,073
  • May 27, 2011 4:50am May 27, 2011 4:50am
Quoting dean
My view is this....the daily to me looks in a downtrend and this is a pullback. The last two pullbacks on the daily have been 2 candles then 3 candles consecutively. I agree that the daily tdi and stochs are opposing but I am not trading the daily. To me the 4 hour short looks good to me becasue my view is it is in line with the daily down trend. It is also Friday when traders tend to be averse to riskier currencies such as the AUD and also the US market opening usually swings it and I am thinking it will swing it more towards a stronger US dollar....
No pity asked for - just hoping to learn from my mistake and maybe help someone along the way. I decided to pass on the AUD/USD - candle too small - maybe that means you should go for it - lol
  • #4,074
  • May 27, 2011 4:52am May 27, 2011 4:52am
Quoting alright
Thanks plamen to you and the others for your great additions. I get this annoying overlapping of text and that straight pink line, as you see in the picture. It's not just the size of the window though, as it happens if the window is maximized as well. Any suggestion?
delete and readd the indicator - I get that too
  • #4,075
  • May 27, 2011 4:53am May 27, 2011 4:53am
Quoting dean
I have had an absolute shocking week of going backwards this week....

Ive had an average week too. no TDI probs just a really choppy week with only a few good signals.

anyone else in the same boat?
  • #4,076
  • May 27, 2011 4:55am May 27, 2011 4:55am
something i'm testing
for scalpers (but works with longer TF)
wait for crossing both 50 line TDI & Stoch (with a look on TF5)
and sell if below market base line
see you can re enter on second square
always make pips you don't enter early but i think it's safer
kino
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd270511.gif Size: 88 KB
  • #4,077
  • May 27, 2011 5:09am May 27, 2011 5:09am
Quoting 33drifter
Ive had an average week too. no TDI probs just a really choppy week with only a few good signals.

anyone else in the same boat?
I think its been probably better to trade the 1HR, BigE said if he could he would prefer to trade the 1HR exclusively (if he could).
  • #4,078
  • May 27, 2011 5:09am May 27, 2011 5:09am
Quoting kinonen
something i'm testing
for scalpers (but works with longer TF)
wait for crossing both 50 line TDI & Stoch (with a look on TF5)
and sell if below market base line
see you can re enter on second square
always make pips you don't enter early but i think it's safer
kino
I dont quite undersatnd what you mean?? Please explain in detail. Are you saying you are looking always at the 5 minute chart?? or you get the signal of a higher time frame and then change to your 5 minute chart??
  • #4,079
  • May 27, 2011 5:12am May 27, 2011 5:12am
Quoting 2scoops
No pity asked for - just hoping to learn from my mistake and maybe help someone along the way. I decided to pass on the AUD/USD - candle too small - maybe that means you should go for it - lol
Please know I was only kidding with you....Honestly I have had a shocker this week...and 2 scoops it was probably a mixture of the new tdi AND not seeing the signals.........I guess we are all going to get these weeks.
2scoops.....I didnt mean now...but that candle on my chart is now changing colour and pulling way back....it still has nearly 3 hours to go until the next one.....I am hoping it has fully turned by then. I didnt mean jump in now.....just one to watch.
  • #4,080
  • May 27, 2011 5:14am May 27, 2011 5:14am
Quoting dean
Please know I was only kidding with you....Honestly I have had a shocker this week...and 2 scoops it was probably a mixture of the new tdi AND not seeing the signals.........I guess we are all going to get these weeks.
2scoops.....I didnt mean now...but that candle on my chart is now changing colour and pulling way back....it still has nearly 3 hours to go until the next one.....I am hoping it has fully turned by then. I didnt mean jump in now.....just one to watch.
sorry the comment about not seeing signals was for drifter....sorry scoops
63 traders viewing now, 1 is registered:
kola.bear020