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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

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Trading Made Simple

  • #4,121
  • May 27, 2011 2:58pm May 27, 2011 2:58pm
Quoting roterio
is there a way to erase bigger lot sizes from metatrader or is there a way to be more strong minded and to control myself emotionally.
Try making yourself a list or chart that tells you: if I have 1) this much money and 2) this big a stop, 3) I can trade this many lots. Open your new trade box & set it to the right number of lots. Then don't change it until your account balance reaches the next level or you want a trade with a different stop. Keep your list by your computer & refer to it as strictly as the rest of your trading strategy. I'm not hip to all the calculations so my husband figures mine for me & I write it down & look at it to see how much I can trade. Also, I prefer to only trade half as much as I'm allowed on any one trade. That way I have plenty of wiggle room for unpleasant surprises and I can afford to take two trades at once.
My favorite crochet hook is size J. It's a J-Hook!
  • #4,122
  • May 27, 2011 3:31pm May 27, 2011 3:31pm
Give this a try: http://www.forexfactory.com/showthread.php?t=77673

you should be able to do a google search for lot pip risk trade calculator indicator and come up with different indicators.

Ultimately you still need to control yourself and keep risk low with smaller lot sizes, greed will always get you if you don't stick to solid rules.






Quoting littlebunny
Try making yourself a list or chart that tells you: if I have 1) this much money and 2) this big a stop, 3) I can trade this many lots....
  • #4,123
  • May 27, 2011 3:45pm May 27, 2011 3:45pm
Quoting pcguy007
Give this a try: http://www.forexfactory.com/showthread.php?t=77673

you should be able to do a google search for lot pip risk trade calculator indicator and come up with different indicators.

Ultimately you still need to control yourself and keep risk low with smaller lot sizes, greed will always get you if you don't stick to solid rules.

Thank you but I need to control emotions. I know very well what amount of position to open but sometimes I cant control my greed and open 10 times more position. problem is in here.
Demand is not one wants, but what one can pay for
  • #4,124
  • May 27, 2011 3:47pm May 27, 2011 3:47pm
Quoting roterio
[b]Hi verybody. I need your help. I made over 300 pips profit this week only with this system until today. But something happened and I start to trade without system on my own with too large position sizes according to my account. I have 100 dollar account and I opened 0.20 lots without a system.

And the result is, I lost all my profits and made extra losses. Can someone give me an idea about not opening too large position sizes? I should obey to the system and open only 0.01 according to my money management with a 100 dollar live acccount. But...

You need to have a good money management, It really does not matter if you are a good trader or have a good trading system if your risk reward ratio is very poor, this is why is not a wise thing to have a 100 pips stop loss and to have a 50 pips target.
Indicators always obey Price, not the other way.
  • #4,125
  • May 27, 2011 4:01pm May 27, 2011 4:01pm
does this method work on all time frames?

Am i correct in saying on the TDI if you're going long the green has to be above the red and the yellow lines? and if you're going short it has to be under the yellow and red lines

and 12 - 2 for long and 4 - 6 short? is it really as easy as that, or am i missing something?
  • #4,126
  • May 27, 2011 4:32pm May 27, 2011 4:32pm
Quoting roterio
Thank you but I need to control emotions. I know very well what amount of position to open but sometimes I cant control my greed and open 10 times more position. problem is in here.
This probably won't help but what I did was to keep doing what you are currently doing, pumping more and more of my hard earned wages into my account until I lost it each and every week. Once I had been doing this for a couple of years I gave up and tried betting on horses instead with the same results. Once I had done that and had a sufficient break I went back to forex and tried again with the best of intentions and messed up again each and every time I funded my account. Once I had got fed up with that again I went back to the horses and this cycle continued for a while.

Bizarrely enough when I stopped trying to make money from forex or horse betting and just did it for the fun because I had already lost so much that I had convinced myself that I would never make money doing either pursuit I actually started to make money. It's the weirdest thing, it's almost as though you have to go through the water mill and come out the other side before you start to let go of the results and just do it for the enjoyment of doing it, maybe as if as soon as the money makes no difference whether you win or lose it that something clicks in your head.

How you can fasttrack to this frame of mind without going through the losing cycles I do not know. Like I said this may not help.
  • #4,127
  • May 27, 2011 4:36pm May 27, 2011 4:36pm
Quoting handy148
in my previous experience of semafore indicators they repaint like hell
They don't seem to give you much more than a trend line indicator and the TDI does too
  • #4,128
  • May 27, 2011 4:37pm May 27, 2011 4:37pm
Quoting Chillypiper
Have you seen this video on candle averaging?

http://www.compassfx.com/video/flash/22108/22108.html
Wow, many thanks. I am not familiar with Compasfx but plan to give all the videos a good look this long holiday weekend. Lots of rain predicted for us so a good time to study. thanks again, p.
  • #4,129
  • May 27, 2011 5:32pm May 27, 2011 5:32pm
[/quote]How you can fasttrack to this frame of mind without going through the losing cycles I do not know. Like I said this may not help.[/quote]
"Threshold of Misery" as poker great mike caro calls it. you have lost so much that the last little bit of your account doesnt matter, or the next account etc. you cant have a gamblers mentality... it will kill you.
  • #4,130
  • May 27, 2011 6:05pm May 27, 2011 6:05pm
Quoting roterio
Hi verybody. I need your help. I made over 300 pips profit this week only with this system until today. But something happened and I start to trade without system on my own with too large position sizes according to my account. I have 100 dollar account and I opened 0.20 lots without a system.

[b]And the result is, I lost all my profits and made extra losses. Can someone give me an idea about not opening too large position sizes? I should obey to the system and open only 0.01 according to my money management with a 100 dollar live acccount....
WOW 300 pips per week, I know folks who would made a living from half of that. Which method do you use :-)

Set yourself a pre defined daily/weekly target, for let's say 150 pips.
And when you target that go do something else, or go on on a demo/other account. Make a trading plan, and also log all your trades, take screen shots of them and study them. It seems stupid at the beginning, but you will learn at the speed of light. (mostly from losers)

Just make a plan to trade, and trade your plan.
Just a personal thing here, I've calculated that if I want to make € 2000 per month and starting with 200. I only need 80 pips per week to make a "factory slave" living. Compound it daily/weekly.

Have you ever tought that +/- 100 pips per week made a great living,
there are people who have to work on all sorts of factories working 9 hours per day, 5 days a week. And with this method you can do the same in a few hours.

Baggin'g those pips, never giv'em back.

I hope this helps,
Hans
  • #4,131
  • May 27, 2011 7:31pm May 27, 2011 7:31pm
Quoting cmeldatrader
Ok i understand, but i am not altering from the original method. I am just using faster TDI to see cross one candle earlier. And i try to do my best to fit all other stuff as Big E described (PA, stoch, S/R etc). In matter with this reverse candle you have true i agree (and will make a notice - thank you for reminde notice).

Kindly regards Dean
do you mind to share your TDI smoothed indicator , we can compare with other TDI , thanks
  • #4,132
  • May 27, 2011 8:28pm May 27, 2011 8:28pm
Quoting 2scoops
I think what BigE has give us is a pretty damn easy system really - he's given us the trigger point (the TDI cross), he's told us to stay out of consolidation , flat TDI, Flat EMA or small 2/3 candle moves up and down stay out its a tight range stay well clear. He's even given us a shape to look out for that a 5 year old could understand (the rollercoaster). That for me is 99% of the method right there follow this advice and your on the right road.

The last bit is where the money is made, the forex basics, watch S&R, way up the trend, how strong...
whats the rollercoaster?? I must have missed that one?
  • #4,133
  • May 27, 2011 8:30pm May 27, 2011 8:30pm
Quoting mackaozy
I had mixed results this week. I had 5 largish losses in a row on Tuesday took me down to -8%. I'm learning hard to take losses and let them not effect the way I trade and see the market. But had 2 great trades selling the Euro yesterday after the USA GDP news, and one good trade selling the Euro this morning that has left me +10% for the week.

I have now been trading this method for 2 weeks (only 8 trading days though) and my profits are +21.7%. And that is using correct money management- I only risk 2% per trade using stop loss of largest recent...
one or four hour charts??
  • #4,134
  • May 27, 2011 8:35pm May 27, 2011 8:35pm
Quoting mackaozy
EUR/USD has just rejected 1.4300 i"m short 20+ so far
to me that chart looks like there was no tdi cross and the stochs were in the wrong direction?? were you pre empting this trade becasue of the rejection?
  • #4,135
  • May 27, 2011 8:42pm May 27, 2011 8:42pm
Quoting roterio
Hi verybody. I need your help. I made over 300 pips profit this week only with this system until today. But something happened and I start to trade without system on my own with too large position sizes according to my account. I have 100 dollar account and I opened 0.20 lots without a system.

[b]And the result is, I lost all my profits and made extra losses. Can someone give me an idea about not opening too large position sizes? I should obey to the system and open only 0.01 according to my money management with a 100 dollar live acccount....
Is there anyne here who can quickly explain quickly compounding up AND down with trading for this guy. It would take me too long.
  • #4,136
  • May 27, 2011 8:51pm May 27, 2011 8:51pm
Hi Milicent - cute name - and Sachigi,

Yeh I find Semafor good for exits. The chart shown has the default setting on the first variable: "Period1" which is 5.0 - making for lots of pink and blue dots. If you find the dots oppressive or you think the dot in question is going to repaint too much use a higher number. I don't use Period2. Period3 is the one that creates what looks like a semaphore which guess is where the indicator gets its name - european spelling. I have that set for 100 though the default is 35. You can see the semaphore-like thing at the bottom of the chart which will re-post. The Dev_Step1, 2, 3 things are something to do with ZigZag indicator from which semafor is derived and havn't tried anything but the defaults on them.

I knew it was necessary to use the default 5.0 on the EURJPY last night because any higher than 5.0 and there was no dot at any of the previous highs, meaning the alert would not sound when the move got to an end. As it was, forgot to turn up the volume on the computer and never got woken up to close the trade. This is demo anyway.
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  • #4,137
  • May 27, 2011 9:23pm May 27, 2011 9:23pm
Quoting dean
one or four hour charts??
Dean, regardless if this were H1 or H4, with averaging 10% a week and compounding it for an entire year.... boy oh boy, I'd love me some 10% return a week. You would too right Dean?
  • #4,138
  • May 27, 2011 10:55pm May 27, 2011 10:55pm
Quoting ndhoanggia
Dean, regardless if this were H1 or H4, with averaging 10% a week and compounding it for an entire year.... boy oh boy, I'd love me some 10% return a week. You would too right Dean?
Anyone would....however it is a lot different rading the 4 hour to the one hour charts
  • #4,139
  • May 28, 2011 1:25am May 28, 2011 1:25am
Quoting xp3000
does this method work on all time frames?

Am i correct in saying on the TDI if you're going long the green has to be above the red and the yellow lines? and if you're going short it has to be under the yellow and red lines

and 12 - 2 for long and 4 - 6 short? is it really as easy as that, or am i missing something?

It is that easy. It works better on H1 Time frames and higher. IMO.
Just remember to get in by the 3rd candle, or you'll be late to the party and have to look for another set up.
  • #4,140
  • May 28, 2011 2:16am May 28, 2011 2:16am
Quoting waterman1968
WOW 300 pips per week, I know folks who would made a living from half of that. Which method do you use :-)

Just make a plan to trade, and trade your plan.
Just a personal thing here, I've calculated that if I want to make € 2000 per month and starting with 200. I only need 80 pips per week to make a "factory slave" living. Compound it daily/weekly.

Have you ever tought that +/- 100 pips per week made a great living,
there are people who have to work on all sorts of factories working 9 hours per day, 5 days a week. And with this method you...

Hi waterman. I did not do something special. Eelfranz system is enough for an average of 300-400 pips a week. He also said that early. I know that I can make a million dollar with 100 pips a week. I hope this profit continues but if I can not control myself I will end up another live account. As I did before several times.

Guys be sure that I made all the calculations you told me to make and I made lots of swear not to do again this shit. But they are emotions I should control them.
Demand is not one wants, but what one can pay for
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